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Stocks that I have mentioned to be careful long….

March 24, 2008 1:12 AM

I have mentioned a number of stocks in the last two weeks to either avoid long, be VERY careful long, or to flat out short them. All have got crushed in recent days.

JOYG: I said short it the day after it made an all time high of $72. Today $62.04

WLT: I said short it the day after it made an all time high of $61.20. Today $54.10

 CHK: I said short it (twice) after it made all time highs at $49.87. Today $44.29

MON: I have strongly said avoid, avoid, avoid a number of times….it has plunged to a low of almost $90 Thursday

AEM: I said it was an implosion waiting to happen and to wait for a short signal. It has plunged from a high of $83.45. Today $67.19.

These are all moves within ONE week…and shows why you will eventually lose “following the crowd”, especially the crowd that is making raging bull noises on tv…. If you had bought all of these, you would be down over 15%….in ONE week….not good.

That is why I said short, avoid…or both……….. and Cramer was screaming long on both CHK and AEM….hmmm

Written by · Filed Under AEM, CHK, Cramer, JOYG, MON, Short Watch, WLT 

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