Institutions Get Tired of Buying the Dip as Well…
- Posted by Howard
- on July 6th, 2008
I was looking at another of my least fave stocks Best Buy, that seems to be giving way as well (BBY) .
Any hint of Best Buy guffawing here and the stock will see the 20′s. Institutions are barely holding on.
It’s happened to Harley Davidson, International Game Technology, Citibank, Whole Foods, and Fannie Mae to name a few so please don’t kid yourself.
Dangerous times for long time favorite brands.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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