6 Sinking Stocks to Abandon Now
Sell these laggards before they drag down your portfolio
Even a Rising Market Won’t Float These Stocks
They say a rising tide floats all boats, and that certainly seems to have been the case in the past two months, with the broad-based S&P 500 up over 14%. But with the election behind us, most Q3 earnings reported, and the Fed’s QE2 decision made public, it is time to review your portfolios for laggard stocks that should be sold.
All of the stocks on this list have two things in common: They have failed to keep up with the herd by continuing in downtrends, and they are still below their 200-day moving averages. If you own any of these names, the market is giving you the perfect opportunity to exit. Or, if you can handle the risk, then consider short-selling.
Article printed from InvestorPlace Media, http://investorplace.com/2010/11/stocks-to-sell-rimm-adbe-bp-bcs-bks-ryl/.
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