FED: Downturn Ahead? I Think So.
By Alex • Jan 7th, 2009 • Category: Featured Story
It has been a while since I felt comfortable investing in a single stock. The market has simply been unpredictable and choppy to say the least. Well, today I have a pick…to short.
FED (not the Federal Reserve) is my pick to go under. The stock has experienced a pretty good week’s worth of trading, rising around 50% on very high volume. Unfortunately for owners of FED, the last two days have been far from their daily highs at the close. This is a big sign that investors are taking profits and the amount sold is becoming close to the same amount bought.
I think that as the market begins to fall off the rally, so to will FED. If you are a conservative investor, I would stay away due to the irrationality of the market, but if you are gutsy and looking for a play, I would go with this one.
Alex is wants to ask everyone to please check out my new blog at MySarcasticMind.com! Thank you!!
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