After my success with shorting McDermott (symbol MDR) recently, I decided I wanted to highlight a few other similar charts.
Here, then, are four other stocks that are somewhat similar in that:
- They have topping patterns;
- They have already fallen a lot in price;
- 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.