In the after-hours, GOOG humiliated analysts estimates and broke the faces of short sellers in half. The stock is up more than $70, well on its way to $1,000. During yesterday’s session, I lost money by only making 0.3%. This is an unequivocal tragedia¡
Two of my top 5 positions are involved with the world wide web. YELP is trading cheaply, at just 25x sales, while TRLA trades at an astonishingly low 16x. From my mouth to God’s ears, both names will blow the barnyard doors off analyst estimates and toss subsequent short sellers, looking for a ‘quick fade’, into ‘fag boxes.’
From time to time, it’s easy to lose the faith, become fearful of losing money due to success. A great man once said: “success has defeated you.” I do not take my success lightly and will gallop towards the enemy with the same zeal as the brave soldiers who scalped to death the men who were under the command of General Custer.