This kind of thing happens a lot to hot new issues. Six to 12 months after the IPO, reality comes barging in. If it’s not a bruising competitor like Microsoft, it’s something else that pours cold water on the enthusiasm. You see it a lot with glamour stocks that get ahead of themselves.
As a new-issues trader who goes both ways, my friend Cash McDash loves these situations. He’s got an eagle eye when it comes to spotting highflier short setups.
If you don’t mind dabbling on the “dark side”... or if you just want an early warning on some of the high-profile longs in your portfolio... you should keep tabs on what Cash has to say. Stay tuned for more on that front soon.