Original post:
I didn't comment when Mr. Kass made the original short at $205.
I pointed out the "average up" when he shorted more at "$218-224"
But now...
Dude.
Marx nailed it, "History repeats itself, first as tragedy, second as farce."
He's done this before.
From our August 2012 post "Doug Kass and the WORST Trade of the Decade":
Something to keep in mind. Real pros don't double down, they double up.
From LearnBonds:
Doug Kass called US Treasuries “The Short of the Decade” in an interview he did in this week’s Barron’s....MORE
And yes, today TBT is trading at $70.84.
That's because the sponsor had to do a freakin' 1:4 reverse split when the thing went into single digits!
Split adjusted it's $17.71.
Tesla: $241.00 +23.35.
At least he isn't using a double leveraged inverse instrument this time around.
Yesterday:
Shorting Tesla: Is Seabreeze Partners' Doug Kass a Genius? (The Key to Understanding Market Anomalies) TSLA
