I’ve just thumbed through the 50 charts in my Bear Pen, and I wanted to offer you the ten I believed were most promising short setups. Click on any chart for a large version (as well as to see the company name and ticker symbol in the upper left corner of the chart).
Remember when Theranos was in its final death-throes, and out of the blue, a company named Fortress Capital threw them a $100 million lifeline? That drove me nuts, because what was supposed to happen (Theranos blowing up) got stopped. But it didn’t last. Fortress lost their empty-headed investment and Theranos resumed its self-destruction.
I felt the same way we I heard that WeWork was going public (!!!!!!!!!) by way of a SPAC company whose symbol is BOWX. It’s nice to see this morning a big red bar, and I strongly suspect before this year is over we’ll see plenty more. The fact that these two shameless grifters got crazy-rich off this little enterprise boggles the mind.
Good morning, Slopers and Slopettes. Ever since the election, the direction of the market requires a human of at least two years of age to discern. In my mind, I have an image of a bicycle tire being endlessly inflated with neither remorse not consequence: