I’d like to share with you a list that was shown to me by our colleagues over at Profitable Trading. It’s a list of 15 of the most widely owned stocks in the market. I’m sure you’ve heard of some of these companies, and it’s very possible you even own a few. #-ad_banner-#Yet Tom Vician, Certified Market Technician and Chief Investment Strategist of Alpha Trader, says that despite being featured prominently in the media and being held by some of the world’s top investment gurus, he wouldn’t touch any of them with a 10-foot pole. For example, one of these… Read More
I’d like to share with you a list that was shown to me by our colleagues over at Profitable Trading. It’s a list of 15 of the most widely owned stocks in the market. I’m sure you’ve heard of some of these companies, and it’s very possible you even own a few. #-ad_banner-#Yet Tom Vician, Certified Market Technician and Chief Investment Strategist of Alpha Trader, says that despite being featured prominently in the media and being held by some of the world’s top investment gurus, he wouldn’t touch any of them with a 10-foot pole. For example, one of these stocks is a casino and resort operator. Hedge fund titan Mason Hawkins owns 12.1 million shares, yet it has collapsed 40% over the past six months. Another is a popular retailer that’s down 41% in the past six months. And Tom says it has basically been “dead in the water” for the past two years. But that’s not even the half of it. Tom says, based on their Alpha Scores, these stocks are likely to lag the market — or worse — over the coming weeks and months. Simply put, they’re not stocks you’d want to have your money in… Read More