This morning I will be closing 2 different trades, one that has done extremely well and the other not as well!
#1-From March 7th, I had gone long Tripadvisor (TRIP) vs. Short Yelp (YELP) which currently stands at -33.94% mostly because of YELP shooting up following its most recent earnings.
#2-April 1st: Long Paypal (PYPL) vs. Short Twitter (TWTR): I’m probably due for an update on my thoughts on Twitter but it’s safe to say that in the past few months, being short has generally led to good trades
As is always the case, you can see the live trades of this year where the long & short portfolio stands at +10,35% (and past ones) here:
http://www.intelligentspeculator.net/livetrades
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PayPal has something that many new startups will need a decade to earn: Trust. Check out http://www.stoccs.com/stock/NASDAQ-PYPL/PayPal for a super brief overview.
Twitter on the other hand seems to finally have decided what it is… and as http://www.stoccs.com/stock/NYSE-TWTR/Twitter highlights recent changes might work, but the numbers may take a while to catch up.
Trade looks solid, but markets are funny things.