Strategy Lab: Screening for Losers
August 27, 2008 10:47 pm
Note: All MSN Strategy Lab entries are not to be considered a recommendation. These are notes/orders that were sent in for the MSN Strategy Lab editors for the use with my specific contest portfolio.
* Buy 300 shares of United States Natural Gas Fund (UNG) with a limit of $40 and a protective sell stop at $36.90. Enter buy transaction after 10:30am ET.
When I was growing up, I can recall that the official end of summer was signified by a Labor Day barbecue where we would gather and watch the MDA Telethon hosted by Jerry Lewis. It was the last memory before school started and the fiscal work year began.
For many investors, this will come as a relief. The summer has been brutal. From June 1 to Aug. 26, the Dow Jones industrials ($INDU) fell more than 8%, while the Dow Europe Index dropped more than 15%. At the same time, the price of oil dropped 8% as speculators ran from the coming storm of legislative action squarely aimed at controlling rampant manipulation done through unregulated exchanges.
Read the rest of the article and get a screening criteria to search for potential stocks to short.