Also, notice how @Pete said today – “Bidu is a good short” – now it is really hard when you are long biased, like many of you have BIDU long, to then psychological root for it to go down if you short it, so you don’t do it. Or if you portfolio is long biased but the right play is shorting SPY, and you don’t want to, because you are rooting for it to go up. You know you have overcome that when you can objectively say, “Yeah, short BIDU” even when you are long that stock in another position.
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Questions November 18, 2009