Wednesday, December 08, 2004
Down again!
Well, my portfolio was off by $2,074 today. That's especially discouraging considering the market was up. As I had feared, MRIa sold off today, on what strikes me as minor news. Well, I'm still holding it, as I think it's still a bargain at this price.
My short positions didn't help either. Both Martha Stewart and Travelzoo were up. Both stocks are grossly overvalued by any reasonable valuation metric, so I'm confident they'll eventually crumble. However, as short interest in both stocks is high, there is always the distressing possiblity of a short squeeze. Let's hope that doesn't happen!
My short positions didn't help either. Both Martha Stewart and Travelzoo were up. Both stocks are grossly overvalued by any reasonable valuation metric, so I'm confident they'll eventually crumble. However, as short interest in both stocks is high, there is always the distressing possiblity of a short squeeze. Let's hope that doesn't happen!
# posted by Stockcoach @ 9:27 PM 
