It's called unshortable for a reason - ask any who bet against Chipotle Mexican Grill (CMG), Netflix (NFLX), or indeed even our lowly Atheros Communications, Riverbed Technology (RVBD) or F5 Networks (FFIV) last week.
Or indeed... you cannot even bet against refrigerator makers... cripes. I think I was shorting Whirlpool (WHR) about a year ago and $60 lower.
Your silly stop losses would be no help here...
- Whirlpool Corp's (WHR) quarterly profit and full year forecast surpassed Wall Street estimates, helped by sales in Brazil, Asia and North America, sending shares in the world's largest appliance maker up 14 percent.
- The company has shut plants, cut jobs and moved some manufacturing to low cost-centers like Mexico. (again the perfect nirvana for global corporations has arrived; the global race to the bottom in wages leads to the global race to the top in profits. Thankfully the endless pockets of the US taxpayers are armed with appliance rebates ... you probably already forgot about that stimulus. Really who needs jobs anymore when our government provides everything.)