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Kings Of Irrational Exuberance: Update 2

Market can stay irrational much longer than most of us can stay solvent. Indeed.

Last couple years provided enormous returns to those who invested in

Mr. Nice guy - Amazon.com

Fad - Facebook

Creative accounting - Salesforce.com

Magic - Tesla

Stock printers - LinkedIn

Now reality is setting in. The short portfolio below had been a lot of pain for many months. For those who missed, still there is a lot of downside to FB. NFLX should also be on the list.

Ticker Price Change% Market Value Gain$ Gain% Change$
LNG 25.03 -9.18% 1057.86 -1972.44 -65.09% -106.93
PANW 127.51 -12.24% 4608.16 1577.86 52.07% -642.56
TRIP 58.37 -8.53% 1627.82 -1402.48 -46.28% -151.71
QIHU 70.21 -0.83% 2311.58 -718.73 -23.72% -19.43
P 8.57 -10.07% 880.33 -2149.97 -70.95% -98.61
CRM 58.51 -12.93% 3052.74 22.43 0.74% -453.40
FB 104.07 -5.81% 4686.64 1656.33 54.66% -289.11
BIDU 145.34 -4.75% 2357.60 -672.70 -22.20% -117.60
PCLN 1015.55 -5.01% 2558.17 -472.19 -15.58% -134.89
CAVM 51.42 -4.64% 3137.70 107.40 3.54% -152.55
YNDX 12.88 -4.94% 1095.13 -1935.18 -63.86% -56.97
SPLK 36.23 -23.06% 1984.24 -1046.07 -34.52% -594.78
TWTR 15.72 -7.04% 1162.71 -1867.59 -61.63% -88.02
LNKD 108.38 -43.63% 1915.35 -1114.96 -36.79% -1482.72
CTRP 39.13 -4.82% 1851.59 -1178.71 -38.90% -93.69
YELP 18.10 -8.45% 669.70 -2349.50 -77.82% -61.79
TSLA 162.60 -7.26% 1951.20 -1130.16 -36.68% -152.76

Disclosure: I am/we are short FB.