The False Breakout Of Prudential Presents A Short Selling Opportunity
Thursday, 4. September 2008, 03:41:18
Prudential, PRU , rose to 79.50 which is near resistance at 80.50 as Associated Press reported that the insurance sector advanced after Hurricane Gustav passed through the Gulf of Mexico without inflicting massive damage -- and the sky-high insurance claims that would have resulted ... PRU
Prudential's rise is actually a pop in a bear market that is to be sold, if one follows my investment maxim: in a bull market be a bull; in a bear market be a bear. In a bull market, one buys on dips; in a bear market, one sells into strength.
When I look at the MSN Finance ongoing chart of PRU, VTI and QQQQ, it looks to me like the bear market picked up steam on August 15, 2008 .... PRU, VTI, QQQ
So the investment application is a sell of Prudential.
The Yahoo Finance 5 day ongoing chart of PRU IYF KIE and IAK shows Prudential's pop ..... PRU, IYF, KIE, and IAK
The MSN Finance ongoing chart of PRU, IYF, KIE, and IAK shows Prudential's pop ..... PRU, IYF, KIE, and IAK
Yes definitely sell, like immediately, like tonight Wednesday September 3, 2008, when trading is low.
Prudential's rise is actually a pop in a bear market that is to be sold, if one follows my investment maxim: in a bull market be a bull; in a bear market be a bear. In a bull market, one buys on dips; in a bear market, one sells into strength.
When I look at the MSN Finance ongoing chart of PRU, VTI and QQQQ, it looks to me like the bear market picked up steam on August 15, 2008 .... PRU, VTI, QQQ
So the investment application is a sell of Prudential.
The Yahoo Finance 5 day ongoing chart of PRU IYF KIE and IAK shows Prudential's pop ..... PRU, IYF, KIE, and IAK
The MSN Finance ongoing chart of PRU, IYF, KIE, and IAK shows Prudential's pop ..... PRU, IYF, KIE, and IAK
Yes definitely sell, like immediately, like tonight Wednesday September 3, 2008, when trading is low.
WIDGETIZE