Time to Short Financials Again?
Posted on Friday, July 18th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Financial stocks have had quite a run-up this past week, with some well-known stocks up as much as 50-60% from recent lows. The underlying fundamentals of these companies have not changed, as Merrill Lynch’s (MER) second quarter earnings release after the close of market on Thursday 07/17, attests. Citigroup’s (C) earnings to be released later this morning will most likely confirm this.
Some of these shares will give back half to all the recent gains in short order. Traders need to start positioning themselves now for what could be very profitable trades.
mer
merrill lynch earnings
citigroup
citigroup earnings
short financials
Last 5 posts by Daniel Shepard
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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