UPS: A Complete House Of Cards

August 11, 2008 6:50 PM

I mentioned that my opinion was to short UPS a while back. While that trade “worked” for my 3 day window, it has since cleared that point to the upside. My opinion of this stock is AVOID long, to say the least. It has been rising 100% on falling oil and the chart strongly suggests it is a complete house of cards. Once this thing turns, it could get ugly. Leave it alone.

Written by Tom@StockBlade.com · Filed Under UPS