A long position in Netgear looked like a hot trade but all it did was burn Joe Terranova. So what does he have to say about the stock now?
The Liquidator made the fateful call on January 6th as a derivative bet on ‘king content.’
”Previously people had to go to content. Now, the content comes to you,” he said at the time. “And how does it do that? It does that through WiFi connectivity. And Netgear wins to that. I love the stock here.”
Netgear may keep Terranova’s laptop connected to the web but it didn’t keep his portfolio connected to profits. Since he suggested a long position shares are down around 9%.
So what does he have to say now. Find out in this web extra. Watch the video now!