Stock Watch 6.9.11. ” Bully Beatdown”
This market is taking a clobbering at the moment. It now sits at the levels of mid April. Sure it will bounce but so far it’s still finding sellers. We have been nailing some amazing shorts in chat and there are a few with more downside left. I always prefer to short stocks that are up a lot but those a few and far between these days. I caution you when shorting stocks that are beaten down as much as they are now. They could easily spark a massive cover rally and take your money.
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