Bearish BAC, CRM, TGT, RIMM, NYX,
I am bearish on the out look of the market and being so makes me look for good canidates to short. These are the one I think will go lower. Again the rally faded today, just icing on a bad cake.
CRM - customer management software — too low of barriers of entry for profits to grow and maintain short and long term
BAC- heavily leveraged to consumer debt, not being able to find new customers qualified for loans and loan defaults could really crush the banking business
TGT- highly leveraged to consumer spending and credit, has issued credit to customers to grow sales - reality of lending to people who can’t afford to shop in your store may set in soon.
RIMM- has patent problems with motorola, three networks shut downs in the last year, lots of competition in the market should hurt margins
NYX - market trading should slow as markets slows with confidence and investors losing money in a stagnant economy.
Entertainment purposes only; help other ask questions later
