When the market forcibly changes gear into reverse and blows out its transmission I need to be ready and in a position to profit. So what kind of stocks do I want to be Short to profit from dropping share prices?
I want to have some old momentum favorites. It seems a little late for NFLX unfortunately but TSLA is still a wonderful example of irrational Exuberance
Of course new IPO momentum favorites such as GPRO and MBLY are sure to drop hard.
Lets not leave out those cash incinerating operations with laughable sky high valuations such as YELP
Keep an eye on old momentum favorites destined to return back to pennyville from whence they came such as PLUG and KNDI
Lastly there is a myraid of just plain bad companies that are already on the verge of collapsing into oblivion even in the rocking bull market such as AVP, ANF or any coal/materials/energy stock.
A Bear Market is no excuse to lose money. In fact playing the right side of the tape could even lead to a quick fortune. Good luck!
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