Something hysterical is happening in the market today.
See, stocks are getting pounded. The Dow has been wavering around the down 200 level.
So you’d think it’d be a good day for longsuffering short-sellers.
It is except, that two of the most aggressively shorted stocks in town… are up!
We’ve already mentioned Green Mountain Coffee Roasters. It’s up nearly 40% thanks to that deal with Starbucks.
And then the mother of all short-targets, Netflix. It’s up 4%!
Wanna see another one?
OpenTable is up 1.3%. Hilarious.
Shorting is tough.
Here’s a chart of Green Mountain. (HT to @dasan for post inspiration)