Kass Pressing His Shorts

Doug Kass tweeted that he is adding on to this short positions, as the Chicago PMI was aided by auto production. He goes on to say that the leading stocks, like Baidu BIDU, Amazon.com AMZN and Netflix NFLX are lagging this morning. Kass has been pressing his shorts a lot recently, as evidenced by his tweets. Kass is also the president of Seabreeze Partners, a Palm Beach based hedge fund.