Let me tell you a quick story first. As most indices pushed to their respective all time highs in April and May of 2015, I was building a heavy short position. Most investors thought I was crazy. Even perma bears like Marc Faber were throwing in the towel at the time, suggesting the markets might never go down again due to the FED’s intervention.
At one point I got so excited that I published this Why Short Sellers Should Be Thanking GOD At least one of my readers didn’t have a sense of humor, sending me a few choice words in return.
Nevertheless, it was a great call. The higher the market pushed the better of an opportunity it was to short.
I feel the same way about the Facebook (FB) today. I continue to maintain that this is one of the best short opportunities out there. And the higher the stock goes…. the better. I have outlined my reasoning for shorting Facebook (FB) here What You Ought To Know About Shorting Facebook & Getting Rich
And with Thursday’s massive $10 gap higher, it’s nearly a certainty that Facebook will have to close this gap and push below $90 a share. Perhaps on the way to another massive gap it left behind. At $20 a share.
Now, the only remaining question is WHEN? If you are long-term investor, willing to ride this short position out, anytime would be a good opportunity. If you want more exact timing, when the market completes today’s bounce and reverses again. If you would like to know when that happens, please Click Here.
