Born to be Battered

By -

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

slopechart MDR
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.
slopechart ETM
ETM Entercom
slopechart GPRE
GPRE Green Plains
slopechart MOS
MOS Mosaic
slopechart JWN
JWN Nordstrom