Paul, you seem to have a problem with my credibility for picking shorts. The following should alleviate your problems.........
Go to techstocks.com
This is the "Overvalued Stocks" forum on SI.
Here I have started 3 different threads (out of the 21 there) since I joined SI. They are in the following stocks. BOST, RAIN, and FGCI.
During the last year these are the high and lows for these stock since I shorted them,
BOSTON MARKET (BOST) OVERVALUED AND UNORTHODOX ACCOUNTING!
Boston Chicken, High Nov. 14, 41 1/2, Low July 10, 10 5/8.-74.39%
FAMILY GOLF CENTERS (FGCI)-Expensive!!
High, Sept. 17, 36 1/2 Low 16 3/4 Apr. 14 -54.1%
RAINFOREST CAFE (RAIN) RESTAURANT AT 136 P/E-
High, Oct. 21, 35 3/4 Low 17 3/8 Apr. 23 -50.6%
Average decline for threads I started.....59.69%
In addition to starting these 3 threads I have actively participatedin 2 others on the 'Overvalued forum':
SBUX
High, 40 1/4 Low 26 1/8...-35%
KO
High 72 5/8, Jun 16 Low 58 1/16, Aug 16, -19.9%
These are just the stocks on the 'Overvalued' thread. Average decline of 46.8%
The fourth thread have started on this 'Overvalued' forum is DELL.
My history would suggest that DELL is due for a drop. I have been right so far on every stock on this forum. Read the proof for yourself
From the DELL high of 87+ a 46.8% decline (my average) would suggest a fall to about 47, or 40 points. At a minimum, 19.9% or 18 points and at a maximum 74.39% or 61 points. This in less than a year.
I will bookmark this page and get back to you before the end of one year. Then we shall see where DELL is trading.
Best of luck...;^) |
