Trading Ideas - Short these stocks for quick gains

Tuesday, February 09, 2010




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Short these stocks for quick gains

Wednesday, August 12, 2009
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From Newsmax:

Veteran banking analyst Richard Bove recommended taking short-term profits in US banking stocks as he expects a pullback in share prices, and said fundamentals for the sector had not yet improved.

These stocks are trading on "fumes" and not reality, the Rochdale Securities analyst said referring to the recent rise in banks' share prices.

The recent rise in the stocks does not appear to be driven by a change in the near-term earnings outlook, but by a change in psychology, he said.

Read full article...

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Topics:		Trading Ideas \| Banks \| Stocks

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