This week, I published a two-part series involving ten stocks that I believed could collapse this year. While it was not surprising that some of the stocks I mentioned were backed up by some investors who are calling me crazy, I'd like to give a brief update on how they are doing so far. Here were the two articles to begin with:
So let's get down to business. Here are some updates.
First, I've already hit on Deckers Outdoor (NASDAQ:DECK). The footwear retailer known for its UGG brand is down more than 11% this morning after very disappointing guidance. For anyone that has followed my articles, I've questioned multiple times Deckers' reliance on just one brand. Here are just two previous articles where I've questioned Deckers (there are more out there as well).
Now onto some other updates. Sprint (NYSE:S) has rallied about a quarter since my article was published, and it is getting back to levels where I may even consider shorting it. Sprint is just losing too much money for my liking right now. Sina Corp (NASDAQ:SINA) is down about 2% since my first article came out, and that doesn't include the large drop we saw on Tuesday to begin with. This company's future is mostly in the hands of the Chinese government, and that's a risk I never would like to be involved with.
I won't focus on any of the 2nd article companies just yet, since that article only came out a day ago.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.