Last week the markets were undeniably focused on the Facebook IPO. Many investors considered its lackluster debut a huge disappointment. I admit even I thought all that hype could turn the new issue into a lottery ticket for early investors, but I’ve never thought highly of the company and I explained why you shouldn’t invest in Facebook in my article “When To Unfriend Facebook“.
Two weeks ago I published an article title “5 Stocks To Play on The Avengers Box Office Success“. In that article I told readers to buy Viacom (VIA) based off of Paramount’s 8% take from the total box office. In addition to Paramount being the weakest unit and the one holding Viacom’s earnings down. The company has yet to release earnings, however, last Tuesday Warren Buffet announced he was increasing his stake in the company. I’m not saying Mr. Buffet is taking investment advice from Asset Investing, but…..
I also put out two articles “3 Stocks Headed For A Correction” and “It’s Time To Sell These 3 IPOs“. Which I discussed the expiration of lockup agreements and how just the perception that additional shares will be dumped on the market will cause a stock to go down. In those articles I recommended short selling six stocks and next to the name is how the stock has performed since the release of the articles -
- Mattress Firm Holding Corp. (MFRM) (-$2.43) (-7.11%)
- Intermolecular, Inc (IMI) (-$0.36) (-5.34%)
- Digital Domain Media Group (DDMG) (-$1.56) (-25.44%)
- Angie’s List (ANGI) (-$0.94) (-7.20%)
- Delphi Automotive PLC (DLPH) (-$0.99) (-3.63%)
- Manning & Napier, Inc. (MN) (-$1.06) (-8.17%)
Look for more articles, investment ideas and stock tips all week and make sure you don’t miss anything by following us on Twitter – @AssetInvesting