Hedgeye CEO Keith McCullough is adding Pinterest (PINS) to the short side of Investing Ideas. Below is a brief note.
Now that I'm starting to leg into shorts again, remember that you do this incrementally. Especially for those of you trading individually (i.e. paying NO commissions), averaging into shorts has never been easier. You have no friction costs adding to positions!
Anything I've covered on the short side is a candidate to re-short now. Pinterest (PINS) has immediate-term downside in my Risk Range to $11.27/share.