Short Idea of the Day: Hibbett Sports

Original Article from Seeking Alpha Short Ideas

The Oxen Group submits:

The market today is really confusing me. For some reason, I cannot recommend a Buy Pick. Nothing meets my criteria because it is all way too overvalued. I want to be bullish. I want to blindly recommend some ETF or stock, but I just cannot. The market will most likely rise today, but I think it is going to be pretty neutral throughout the day. If the Michigan Consumer Sentiment Index comes in worse, it will really hurt things. And the question keeps ringing in my head…can we go any higher? I spent the longest time just deciding what to do. It seems like no one has any idea, and I don’t feel comfortable recommending stocks that I don’t feel comfortable with, so I am going to do a Short Sale that I like. I don’t know where the market is going…

If you are looking for a Buy Pick of the Day, without much thought my pick is Pacific Sunwear (PSUN). It is down 15%. If the market

is going to be bouncing up on retail, it will probably move upwards. I won’t officially recommend, but I contemplated it for about 30 minutes earlier.

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