It’s turkey time. Your waistline might expand a tad. Your portfolio, on the other hand, will be in fighting shape after you read this…
There are a few stocks you need to sell, pronto.
But first, a question: What kind of moron shorts a low-float biotech stock in an unforgiving market swarming with sharks?
In one cursed evening and an overnight buyout of KaloBios, Campbell literally lost his shorts and everything else of any value. The more than $100,000 bill had him begging on the internet for help and cash no different than any streetcorner panhandler.
The much smarter thing to do, of course, is to simply sell the overvalued stocks in your portfolio.
That way, you’re locking in profits and avoiding the losses that will surely come when the stocks sink in value.
In honor of Thanksgiving, here are three turkeys to drop like a hot sweet potato…