Thursday, June 12, 2008

TBSI Still Looks Like an Attractive Short

TBSI, and other dry bulk shippers, have put in topping formations and dropped enough that it's tough to enter short right now. However, there still is room for further downside. I expect to see a bounce soon and may enter short if it's of the "dead cat" variety. The March low of $26 is my downside target.

1 comment:

Kevin H said...

What is the "dead cat" variety?