You heard it folks, my tiny Jaguar Alpha Fund, LLC is now short ANGI call options that if excersized represent 70% or so of the fund’s equity. Why you may ask? Because the company is losing a ton of money, the COO resigned, their traffic ranking is the same as TheStreet.com yet their valuation is 10X higher than TST… I view this short as a total homerun… I just put this trade on today and have an article in the cue about ANGI coming out soon for full disclosure… I am extremely bearish on Angie and this is the most confident I have been about a trade in years. Yes, it is a real company but there are no profits to speak of and a valuation that simply makes no sense.
So I shorted the August $15 ANGI call options! Just goes to show you that Hedgephone is not a gimmick — we are a transparent trading service run by experienced (and gutsy) traders… The Jag. fund is trading 100% firm capital which makes it easier to swing hard at fat pitches!
