I fired up my computer, checked the smart money, it looks they all chickened out, it looks like a down day again tomorrow.
I used Stockbee's list, found this stock to short:
CMG
My, my, it's my favorite lunch place. I like their Mexican wrap. But business is business, the stock is overbought, due to a retrace, especially in current market condition.
Trail PE of 64, forward 43, too fat!! It's a successful IPO this year (better than BX), but I am going to sell, sell, sell !!
Gratified for your comments.
MktSwimmer
Thursday, August 9, 2007
The Short Side Story
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2 comments:
Congrats on your new blog. I followed the link to ur blog on Stockbee. Some very profitable strategies there from Pradeep. Hope u will have a succesful future.
cheers
Thanks for your kind words. We will learn from each other and learn to swim in the market.
Keep it up!
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