Not much happening right now (since the market seems to be struggling with just how to interpret all the economic data that just came in), so I’ll share one particular short I like a lot: Lamar Advertising. Looking closely, you can see the nice little top it has made, and my hope is that we’ll slip ever-lower into the 50s.
The bigger picture is more exciting, because – – even though it’s not shown here – – this is the third major “top” that has taken place in the entire dataset for this company, and the failure of long-term trendlines indicates to me this could be a short that’s worth holding on to for the duration.
