Seeking Alpha
  • Pendulum
    Initiated a small short in PCLN as part of a portfolio rebalancing to reduce long exposure and build up short exposure
    Reply (3)
    • MershoBoi: That makes the two of us. but be careful holding it for long. the share has been oversold.
    • Pendulum: Agreed. We are looking at the PCLN short as a short/medium term position to get the portfolio more neutral than long.
    • Pendulum: We are also looking at other high valuation and / or high momentum plays to do the same and have had a CRM short for a few weeks