Menu Close

These Stocks Are Set Up to be Battered

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

After my success with shorting McDermott (symbol MDR) recently, I decided I wanted to highlight a few other similar charts.

MDR McDermott

Here, then, are four other stocks that are somewhat similar in that:

  1. They have topping patterns;
  2. They have already fallen a lot in price;
  3. Most folks would assume the downfall was “done”, but my view is that firm bottom only exists at $0, and if a stock has been doing poorly in this lifetime-highs-every-day market of ours, something must be deeply and truly wrong with it.
ETM Entercom
GPRE Green Plains
MOS Mosaic

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading