I sold short 5,000 PacWest Bancorp [[PACW]] @ $29.72.
Disclaimer: If you sell short PACW because of this post, your friends will label you an albatross. And, you may lose money.
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Joined Nov 10, 2007
23,419 Blog Posts
PACW to $50.
With all these bank deals getting done, don’t you think you should move on shorting something else. Like Retail or Small Caps?
‘Course ya don’t get any WAFAHS with it!!
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Meanwhile, up in already-chilly WisCANsin, Cubs mistakenly goes long PACW, and “poof!” turns into and albatross.
It all ends tragically:
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No no, I’m not long any banks 🙂
I tried shorting PACW once and learned my lesson. There’s something fishy with that stock.
I know what your talking about Cubs… That fucker has some magical fairy dust that won’t let it go down no matter what. I’m short at 30.30 and I don’t feel comfortable with it.