He would stand next to the overhead projected stock chart at the front of the trading room and recite, "You see this stock? You see that it's dropped $8 in past two days? You think it can't drop any more? SELL THAT STOCK it's dropping more!!"
Short these shares if you can tolerate high-risk and are an experienced investor that does not remove Buy/Stop Losses:
McGraw-Hill Companies (NYSE: MHP): Belt-tightening states, school districts, and other education institutions does not bode well for MHP's education publishing wing. Cover Short on a bounce off $20 or $15. Buy/Stop Loss if you were to sell shares in this company: $36.
Paychex (NASDAQ: PAYX): Company bankruptcies, workforce reductions, and a low level of new business formation during the recession will continue to weigh on Paychex' revenue. Cover Short on a bounce off $20 or $17. Buy/Stop Loss if you were to sell shares in this company: $32.
- -
Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
Will Rich Ross really have a positive impact on Disney's movie operations?
Consumers sick of recession, may spend extra on holidays
Corrections, seasonality and Santa Claus
