Seeking Alpha
  • J Mintzmyer
    My entire short portfolio is getting hammered today while the market stays flat. Any big insights here? $AMZN $NFLX $TSLA $ANGI $LNKD
    7/12/13
    Reply (21)
    • J Mintzmyer: Assuming $ANGI is sympathy buy after 3 days of dropping. I see great Orange Black $NFLX review. Nothing else. Tech correlation? Nasdaq flat.
      7/12/13
    • Perkins Cove: JM, that's an impressive list of shorts. Do you do better with shorts or longs?
      7/12/13
    • J Mintzmyer: Shorts tremendously. Long-term longs I'm close to market- made some big mistakes with drybulk shipping, THQ, and USEC.
      7/12/13
    • J Mintzmyer: I've shorted OPEN, GRPN, ZNGA (long now as of a few days ago), QLIK, NFLX (in 2011, out around $80, back in 2m ago).
      7/12/13
    • J Mintzmyer: Lucky breaks on price action in PCLN and LNG (got luck with timing, made a small profit). CMG. Had a loss traditional short qtr miss GMCR.
      7/12/13
    • J Mintzmyer: What keeps me from having huge returns is failed "lottery ticket" plays on AMZN and LNKD earnings. I'm planning a few in the next 2 weeks.
      7/12/13
    • J Mintzmyer: At my age I swing for the fences. I'll have to look back in 2-3 years and tabulate an annualized return. I believe 5+ years to be credible.
      7/12/13
    • Perkins Cove: You are very fortunate indeed to be "your age". And also fortunate to find trading/investing as soon as you did. Live Long and Prosper..grin
      7/12/13
    • attunix: Day-to-day movement is 90% noise. Eying some long-dated $TSLA puts. Tail is getting longer, fatter and finally cheaper.
      7/12/13
    • J Mintzmyer: Agreed on puts, which is why I added the $80s Sep a few days ago. Long-dated is still too expensive for me though (in terms of opp cost).
      7/12/13
    • attunix: Gotten burned too often by options expiring just before the crash/rally and a couple more months in expiry isn't that expensive.
      7/12/13
    • attunix: Do have additional motives though: both my employment and large position in restricted stock are in the tech sector, so want to hedge that.
      7/12/13
    • db5233: Here is some insight - stop worrying about daily movements in the market and trust your own due dilligence
      7/12/13
    • Perkins Cove: db....at what point do you admit to yourself you were wrong, and get out? A certain %?
      7/12/13
    • ReligiousWacko: $UPS warns of weak results and poor econ conditions and all the bubble stocks go up. Shouldn't $UPS warnings be sign for bubble $AMZN ?
      7/12/13
    • Perkins Cove: "ReligousWacko"...ok...that hit my funny bone....grin. That said, one would think $UPS and $AMZN are directly connected.
      7/12/13
    • Perkins Cove: J. Mintzmyer....you have a good thread on your hands....grin
      7/12/13
    • J Mintzmyer: Earnings week is going to be wild. Either burnt or huge returns. Could breakeven if they pop in different directions. Usually correlated.
      7/12/13
    • Ocean Man: NFLX is up because of the cancelled HULU sale. Good point that AMZN should fall with a UPS warning.
      7/14/13
    • Zeus2012: J Mintzmyer - you still short NFLX going into earnings on Monday? This thing looks like it wants to run to $300. If so,
      7/19/13
    • Zeus2012: you may see LNKD breakout in sympathy as well (at least that's what happened last quarter when NFLX broke out post earnings).
      7/19/13