mauvais timing

http://valueinvestingletter.com/downloads/tilson/why-were-short-netflix-t2-december-2010.pdf

W.Tilson a été "short" sur NFLX à 178.50$ à la mi-décembre 2010....voilà qu'il a perdu beaucoup car le stock était à plus de 300$ 6 mois plus tard....obligé de se couvrir....Aujourd'hui il avait un message ....

“it’s been frustrating to see our original investment thesis validated, yet not profit from it. It certainly highlights the importance of getting the timing right and maintaining your conviction even when the market moves against you. The core of our short thesis was always Netflix’s high valuation. In light of the stock’s collapse, we now think it’s cheap and today established a small long position. We hope it gets cheaper so we can add to it.”

http://www.t2partnersllc.com/