Friday, October 14, 2011

EVERYBODY HATES PCLN

I tell you honestly, if there is 1 stock that I get the most questions about shorting, it is PCLN. I can't be sure, but with that much animosity toward the stock, I'm guessing people either lost some money there or just see it as being way overvalued.

The interesting thing is the "Rising Tide Lifts All Boats"  general rule of thumb, in which most stocks follow the market up or down, rarely applies to PCLN as it is off doing it's own thing in both directions.
Today PCLN is up .19% as of the capture a few minutes ago, while the QQQ is up 1.09%

I'll try to fit PCLN in an update later.

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