I'm not willing to say that the lights have been turned out on the bull's rally parade of late, but I do think they are looking at some major problems here, that they need to soon correct, before the bears are finally resuscitated back to life. In my short positions that I executed this morning, I basically looked for stocks that would give me low-risk setup, that should the bulls bounce back from this sell-off, I wouldn't feel to much pain in the process.
SHORT: AT&T (T) - Short at 28.22 - Not a huge risk considering how tight my stop-loss is, and the fact that this stock has a very low beta. But the setup is ideal, and the risk/reward ratio is favorable.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.