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Sigh, Whitney Tilson Is Now LONG Netflix

Tyler Durden's picture




 

And just as we were thinking of buying some deep OTM calls...

From the WSJ:

Money manager Whitney Tilson was famously the lone man willing to say the Netflix emperor had no clothes. Now, he sees the emperor in all his finery.

 

Tilson was shorting Netflix last year, before the company’s well publicized stumbles formed a lovely crater in the stock price. Tilson was very, very early (or wrong) about his Netflix short, which cost him gobs of money.

 

But today, in the wake of a staggering 36% one-day stock price drop, Tilson told our Heard on the Street colleague John Jannarone that he opened a long position in Netflix stock.

So first he was short NFLX, then he covered ($100 higher) then he did nothing as it plunged $225, and now he is long...

Oh yes, sorry any new or legacy longs.

 

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Tue, 10/25/2011 - 15:17 | 1809459 Divided States ...
Divided States of America's picture

He was short as the stock went to the moon, now he is long as it falls off a cliff...Nice!

 

This is the year that turned many once invincible hedge fund managers into nothing more than front running buffoons.

Tue, 10/25/2011 - 15:47 | 1809499 Pladizow
Pladizow's picture

Deaf leading the blind!

Tilson and his investors, that is!

Through Sep Tilson's fund is down 30% - OUCH!

Tue, 10/25/2011 - 15:59 | 1809674 TruthInSunshine
TruthInSunshine's picture

The Nasdaq is to equity markets as levees are to New Orleans.

When the Levee Breaks 

It's been that way since 1999 and is even more so that way today, given leverage, the structure/composition of the bagholders.

Anyone with a scintilla of intellect should be able to spot the true break point - regardless of The Bernank's (or any other central bankster's) or the PPT's inevitably doomed rescue attempts.

Most importantly, however, It's really a doomed exercise to try and keep a Ponzi going with an employment crisis (with jobs and their relative wages and benefits forming the foundation of any sustainable economic activity) as deeply entrenched, the likes of which we (not just in the U.S., but even more so in Europe, and now in China - where there is a risk of the fomenting of a Jade Revolution) now face .

But nice shot, Bernank (from a purely dysfunctional Keynesian perspective - even if none other than JM Keynes would brand Bernanke you a pure sociopath and complete failure of an economist, macroforecaster and human being).

Hey Bernank, Nice Shot

 

Tue, 10/25/2011 - 16:14 | 1809765 Fish Gone Bad
Fish Gone Bad's picture

Time for Bedtime for Bonzo! http://www.youtube.com/watch?v=_zHN4vCfwh4

Tue, 10/25/2011 - 15:23 | 1809507 Whatta
Whatta's picture

glad i are not the dumbest invester on planit Earth.

 

Next up for the Whit-meister, he tell us he is a short of CMG?

Tue, 10/25/2011 - 15:58 | 1809695 akak
akak's picture

Whitney Tilson, a.k.a. RobotTrader?

Tue, 10/25/2011 - 16:04 | 1809719 FurZo
FurZo's picture

Properly timing the fall of a giant leads to fantastic returns. Take for example RIM and NFLX. While it may require more than one erroneous entry point, tight stops and disciplined trading can yield great returns.

Watch CMG, AZO, HSY and SBUX for topping formations.

Note: Don't retort by stating that PMs are the only way to go. This post is meant for traders to ponder; no need to plaster replys that match those on every other ZH post!

 

Tue, 10/25/2011 - 18:40 | 1810261 Reform1776
Reform1776's picture

Good point, also check out Bubble 2.0 stocks AMZN and PCLN.

PCLN has nice triple top.

Feel free to load up on some speculative OTM Jan 2012 PUTS for fun and profit.

You can thank me later.

Tue, 10/25/2011 - 20:55 | 1810591 Whatta
Whatta's picture

I hear you.

How much were, say, $100 puts going for on NFLX a few months ago? Pennies? So you spent a few $US along the way. Once you were correct the payoff would have been enormous.

Pennies a share into $$$ a share in a few months. A $100 contract now worth $4000 or more.

Wed, 10/26/2011 - 08:56 | 1811868 Reform1776
Reform1776's picture

Exactly. One can stay solvent a long time playing these overinflated bubble stocks this way, then eventually will pay off when they pop.

Tue, 10/25/2011 - 15:24 | 1809513 Hedgetard55
Hedgetard55's picture

The recent stories about Ray Dalio made me wonder whether his "organization" and his famous "meetings" with his people and his desire to be "challenged" etc. are not all bullshit, a beard or front to hide the fact he is merely just one more (successful) frontrunner with inside information. Like Madoff's "organization" and "proprietary trading strategy" were.

Tue, 10/25/2011 - 15:26 | 1809526 gangland
gangland's picture

 

on a long enough timeline a chimp can type up Hamlet

Tue, 10/25/2011 - 18:21 | 1810206 Don Birnam
Don Birnam's picture

"Stock goes down, you short it ? Stock goes down again, you buy it ? Farewell and adieu... ...!"

http://4.bp.blogspot.com/_TBHTg3gbJWw/TFHsitjCFdI/AAAAAAAAAMA/QeuFmbrcPb...

Tue, 10/25/2011 - 22:41 | 1810455 gangland
gangland's picture

 

 

Quint!

 

The cage goes into the water... you go into the water... the sharks in the water... our Shark...

Farewell and adieu, to you fair spanish ladies. Farewell and adieu, you ladies of Spain.

For we've just received orders, for to sail back to Boston. And so nevermore, shall we see you again.

Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him!

http://www.youtube.com/watch?v=JegrajYGuKE

Hooper! Five degrees port
now... hold your course!


ESFS /geithner ....smile you sonoffabich!

Tue, 10/25/2011 - 15:09 | 1809463 PicassoInActions
PicassoInActions's picture

Almost like Romney

Tue, 10/25/2011 - 15:12 | 1809471 Xibalba
Xibalba's picture

oy vey

Tue, 10/25/2011 - 15:13 | 1809474 caerus
caerus's picture

maybe whitney should just stay away from this one

Tue, 10/25/2011 - 15:13 | 1809475 Josh Randall
Josh Randall's picture

Whitney Tilson...isn't he that Farting Preacher guy ?

 

Tue, 10/25/2011 - 15:13 | 1809476 rajc
rajc's picture

short bidu

Tue, 10/25/2011 - 15:14 | 1809481 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Hey, this guy is using my patented get-poor-quick trading strategy... i'd sue if i could afford the legal fees.

Tue, 10/25/2011 - 15:26 | 1809509 Pladizow
Pladizow's picture

Then would'nt suing be included within your get-poor-quick plan?

Get Po, Mo-Quicka!

Tue, 10/25/2011 - 15:15 | 1809485 firstdivision
firstdivision's picture

Short low, cover high, buy high, sell low

Wed, 10/26/2011 - 08:58 | 1811883 Reform1776
Reform1776's picture

Someone from the govt needs to hire this guy quick and put him in charge of something really important.

Tue, 10/25/2011 - 15:17 | 1809488 Sudden Debt
Sudden Debt's picture

Robo's fanclub has exploded to the upside!!!

1 Follower and counting!

Tue, 10/25/2011 - 15:17 | 1809491 Cone of Uncertainty
Cone of Uncertainty's picture

Upvote if you felt the whipsaw fly by your face too.

Tue, 10/25/2011 - 15:18 | 1809493 zebra
zebra's picture

what else does he got?

Tue, 10/25/2011 - 15:20 | 1809498 TooBearish
TooBearish's picture

1st rule of trading - dont average losers...

Tue, 10/25/2011 - 15:25 | 1809505 buzzsaw99
buzzsaw99's picture

got kicked in the SAC, now he's back! bucking for hall of fame larry summers-harvard money management level incompetence methinks.

Tue, 10/25/2011 - 15:23 | 1809506 monopoly
monopoly's picture

And how much does this idiot make every year?

Tue, 10/25/2011 - 15:24 | 1809516 Whatta
Whatta's picture

he commands a hearty 2 and...0

Tue, 10/25/2011 - 15:25 | 1809519 monopoly
monopoly's picture

Looks like Robot is at the park today with the pigeons in LA.

Tue, 10/25/2011 - 15:25 | 1809522 LoneStarHog
LoneStarHog's picture

"Money manager Whitney Tilson..." BWHAHAHAHAHAHAHAHAH ... you did say, "Money manager"? ... BWHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!!!!!

Oh, gawd...enough...I can't take any more...my side is splitting.

Tue, 10/25/2011 - 15:27 | 1809527 Dr. Engali
Dr. Engali's picture

Wonder if he owns first solar too.

Tue, 10/25/2011 - 15:27 | 1809530 DonutBoy
DonutBoy's picture

Self-destructo

Tue, 10/25/2011 - 15:28 | 1809535 The Axe
The Axe's picture

Sorry...I must miss something..I got that HE open a long today...before the crash...??? 

Tue, 10/25/2011 - 15:30 | 1809553 lizzy36
lizzy36's picture

That value investing conference must have been BRILLIANT.

2/20 baby......2/20.

Tue, 10/25/2011 - 15:36 | 1809584 disabledvet
disabledvet's picture

Say that again...only slowly. "Vaaaaaallllllllluuuuuuuuuue."

Tue, 10/25/2011 - 15:37 | 1809590 disabledvet
disabledvet's picture

I see Mother F#\!^~! Global is having a banner day as well.

Tue, 10/25/2011 - 15:37 | 1809598 YesWeKahn
YesWeKahn's picture

His philosophy isn't any different from mine when I started trading with real money. Are you saying that he is making beginer's mistake?

Tue, 10/25/2011 - 15:44 | 1809613 SloMoe
SloMoe's picture

What kind of a name is Whitney, anyway? Sounds tailor-made for getting ones ass kicked.

Tue, 10/25/2011 - 15:41 | 1809616 carbonmutant
carbonmutant's picture

Whitney is losing money today...

Tue, 10/25/2011 - 15:42 | 1809623 Bam_Man
Bam_Man's picture

This is how compulsive/degenerate gamblers behave. I have seen it firsthand.

The only difference is that this guy is probably doing it with "other peoples' money".

Tue, 10/25/2011 - 15:56 | 1809685 Thucydides
Thucydides's picture

Hey I resemble that remark!

Tue, 10/25/2011 - 15:43 | 1809627 AxiosAdv
AxiosAdv's picture

He's always been overrated as a manager, but the fact that he's down 30% YTD proves it in spades.

Tue, 10/25/2011 - 15:55 | 1809675 eBuddha
eBuddha's picture

spin the bottle: genius or jackass.

btw - who cares.

 

Tue, 10/25/2011 - 15:59 | 1809697 slackrabbit
slackrabbit's picture

he's hoping paul allen of microsoft will buy the rest.

meanwhile ms shareholders are hoping alan has a rest and retires

Tue, 10/25/2011 - 16:07 | 1809730 reinhardt001
reinhardt001's picture

Priceless video of Cramer in full permabull carnival barker mode on NFLX @ 299.  http://video.cnbc.com/gallery/?video=3000033170

 

Tue, 10/25/2011 - 18:03 | 1810158 navy62802
navy62802's picture

Never run out of laughs with that guy.

Tue, 10/25/2011 - 16:11 | 1809754 SheepDog-One
SheepDog-One's picture

Is Whitney Tilson really RoboTrader?

Tue, 10/25/2011 - 16:14 | 1809769 radarsentinel
radarsentinel's picture

I hope he went long on AMZN today too.

Tue, 10/25/2011 - 17:29 | 1810071 I am a Man I am...
I am a Man I am Forty's picture

he's early, this thing is going nowhere and is going to drag down to 60 over the next couple of months

Tue, 10/25/2011 - 18:58 | 1810328 cramers_tears
cramers_tears's picture

Whitney needs to focus on the charter school thing.  Too many dipped wicks.

Tue, 10/25/2011 - 22:56 | 1811036 Sheriff Douchen...
Sheriff Douchenik from AZ's picture

I was long Netflix for a month. If by long you mean checking it out on the free one month trial and then cancelling immediately after. Movies suck anyways.

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