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December 28, 2011
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!0 stinko stocks . This blog will review 3 or 4. The rest of these smelly bunch at a later time.
These deadbeat stock vehicles are easy prey to unload or short (if that's your game). Only fools looking at these for buyout baits will follow them off the cliff. These stocks are toxic, they can kill you.
NFLX (Netflex). The buffoons that run this asylum had a golden opportunity once to work out a merger with the 'god' stock AAPL and together they would have control the entire worldly technical universe. Instead, greed spurted in and they double their charges when the world economy was sinking to lower ends. Complete stupidity. It appeared these buffoons had no clue and still don't.
SEARS (SHLD). Have you been to one lately? The stores are about as ugly as you can get in retail and remain in dead cold retail locations. Sales at the company have dropped every single year ( 2005) since hedge fund manager Edward Lampert and his cronies merged the company with Kmart in 2005. Everyone thought Lampert was the next big thing, the next Buffet. Instead he has raped the company, screwed his shareholders and become one of the world's biggest billionaire crooks. The stock is down 60% from it's last year highs and it's current price will look high now during 2012. Short this sucker and sleep well at night.
Gold stocks (Just about any major gold stock, take your pick.)
Gold continues to move on its downward trend that has developed since the August high of around $1,900 an ounce. Some of the biggest wallstreet investors, (George Soros, John Paulson, David Einhorn, Thoma Kaplan) have been torched as Gold stocks have left these folks in the dust. The turmoil in Europe continues yet Gold is falling - will it free fall in 2012?
RIMM (the blackberry maker)
This stock is dead in the water. It's a wonder it's still listed. One of the worst CEO's of all time drove this stock to the ground, even worse that the CEO of DNDN and NFLX.
