Topstockblog

Blogging to add value. Sharing and discussing helpful websites, money, stocks, etc.

Shorted retailer Under Armor (UA) , stock priced for growth

(Update 10/12/2008 Sunday) Under Armor (UA) is fighting back in a bear market. UA has had success gaining contracts and products in recent months. Check out Thomas Wheisal Conference at UA website. The stock has shown great volatility since my original post in January. UA looks to be settling into a consolidation pattern I suspect will last for a long period of time. — end update–
Being in a bear market Under Armor (UA) a trendy sports wear company seems to be fading,              11 am 1/17/08  Thursday

and the stock is getting beat up.  The corporation has been operating with a negative cash flow, and is going to have to get more soon. It just broke lower out of a consoladation trend and I was able to get short just under$40 .  I hope the stock goes a lot lower soon.  The risk is not much, Bernanke seems to offer no help and I have lost my faith in him.  (Updated 10-12-2008 Topstockblog has regained faith in Ben Bernake and lost faith in Hank Paulson.  Check out the pictures from the G-7 conference to promote economic financial stability October 2008.

Entertainment and education,

January 17, 2008 - Posted by | Uncategorized | , , , , , , , , , , , , ,

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