Forrest

Capital One: A Different Short Case

"As if you needed another reason to get short Capital One Financial . . .", famous last words by yet another Seeking Alpha author trying to hype support for his current short position in COF. Reminds me of the postings of Andrew Horowitz a few months back where he was telling his all of clients to short COF. He was sure that COF was going to the 20s. Well it didn't, he and his clients had to cover as COF headed to the 50s. My advice is to don't get burned trying to short COF just because someone comes here as says COF is doomed. COF is far from doomed, and will probably fair better than most credit card issuers when the dust settles. If you do decide to go short on COF, I would only do it on a day trade basis.