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Whitney Tilson, recently found gloating over his bullish call on Netflix, tells CNBC he's short...

Whitney Tilson, recently found gloating over his bullish call on Netflix, tells CNBC he's short LinkedIn (LNKD +3.8%) and Groupon (GRPN +2.8%). LinkedIn shares have moved lower as a result, but are still posting a healthy gain for the day. Tilson adds he wouldn't short Facebook (FB).
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Comments (3)
  • snmag
    , contributor
    Comments (2) | Send Message
     
    I do not think he was gloating.
    16 Feb 2012, 01:10 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (555) | Send Message
     
    Not a ton to gloat about. Is he still short GMCR? It's had nearly as good a run as NFLX this year. Add in the borrow cost, and they're even closer. Of course, we don't know his position sizes.
    16 Feb 2012, 01:21 PM Reply Like
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    He is right that both are garbage waiting to be taken to the dump but just as he was with NFLX he is early. They will both be dragged up regardless with the anticipation of the Facebook IPO.

     

    Luckily he has a few near term things working for him with the LNKD secondary lockup expiring on 2/27 and the GRPN lockup expiring on 5/5. The GRPN lockup expiration especially will be a fun time as that company is IMO the worst of the bunch. Webvan 2.0.
    16 Feb 2012, 02:30 PM Reply Like
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