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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (32082)9/19/2008 10:01:14 AM
From: Jurgis Bekepuris  Read Replies (3) of 78470
 
WFC - Hmm, yes, shorting a company that Buffett is buying. You are sure you are smarter than he is?

I said a while ago that "short bubble" is the same as long bubble: the first ones are smart and make a lot of money. Then come the momos. The last ones are the ones who jump on bandwagon when every smart short has left the building. And they are left holding their shorts.

Nothing personal Spek, but I hope this makes you think a bit more.

Disclosure: I have a tiny position in WFC and although I don't think it is very cheap, I would not dream to short it.
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