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My Worst Calls of 2013

While I happily puffed out my chest yesterday with my best calls of 2013, it wasn’t all gumdrops and puppydogs for me in the last year.

I made my share of bonehead mistakes — most commonly by worrying about valuation for fast-moving stocks that never seemed to slow down.

There are countless small errors I’ve made along the way, including talking up stocks that underperformed the major indexes or saying to sell a stock that never did any worse.

But if you’re looking for a reason to mock my commentary… here are the biggest mistakes I made in 2013:

March 6, 2013Expect Yahoo’s Turnaround to Turn South Soon

  • I hated on Yahoo (YHOO) just in time to witness a 77% run in the stock since March. My error was underestimating the might of its international business and the prospects of an Alibaba IPO… though in my defense ,the U.S. operations are still ugly.

Nov. 6, 20137 Reasons the Twitter IPO Will End Badly

  • So much for “valuation” concerns over Twitter (TWTR). The stock’s IPO went off without a hitch, and shares are up over 60% since going public thanks to an amazing late December run.

Dec. 5, 2012Netflix Stock is Too Risky After Big run

  • Yeah, Netflix (NFLX) is the best stock in the entire S&P 500 for 2013. So much for competition and content costs. To add insult to injury: I put my foot in my mouth again in March, repeating warnings on NFLX… but at least by May I learned my lesson and admitted defeat!

April 1, 2013Tesla Stock Soars, But Don’t Expect Momentum to Last

Jan. 3, 2013Overbought Amazon Could be running Out of Headroom

  • A 60% rise year-to-date and continued expansion at Amazon (AMZN) seems to show that there may never be a ceiling on this player … triple-digit earnings multiples be damned!

Jan. 9, 20133D Systems: Revolutionary but Also Overbought

  • You sensing a trend here? With 3D Systems (DDD) I once again voiced valuation concerns. And like all the other ones on the list, investors eager for growth beat out any fears over the earnings multiples.

Jan. 31, 2013The Not-So-Crazy Case for JCPenny

  • Well, JCPenney (JCP) is off 50% year-to-date. So maybe that idea was crazy after all.

Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he owned a position in TSLA.

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