TBSI Still Looks Like an Attractive Short - The Market Speculator

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TBSI Still Looks Like an Attractive Short
Jun 12, 2008 05:30 PM UTC

The Market Speculator

Return	Risk
-9.11%	HIGH

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Symbol	Sentiment	Start	Return	Closed
TBSI		06/12/08	+76.91%	--

Via The Market Speculator:

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.

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