On October 8th I mentioned that I shorted KITD at $11.55. Today I finished covering it at $10.31 for a slightly better than 10% return. I tried to cover in the $9s a couple of weeks ago for a 15% return, but didn't get a fill - one of the challenges of shorting a low volume stock. Not exactly a home run, but not a bad return for a short position during this increasingly frothy cyclical bull rally.
I may decide to short KITD again, but in the meantime, I'll check the screener and message boards on ShortScreen and look for some more attractive short candidates.
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4 comments:
Try Tata Motors - TTM
I'll take a look at it.
Did you watch the SNL video in the previous post, Paul? If not, give it a watch. I think you'll like it.
I saw it elsewhere.
Not their very best, but it's good to see they're not completely left-wing and can be equal opportunity critics.
I'd be curious how TTM looks on your Altman-Z score board.
ShortScreen doesn't include ADRs in its database, so TTM won't be there. But a quick glance at its financials shows that they aren't pretty.
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