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AKS - Shorted this at $16.02 today

05/04/2010 11:41 AM by Dave Pinsen

AKS has a Z-score in the distress zone, faces headwinds with higher input costs (which recently caused it to raise prices) and has tried and failed a few times to stay above its 50 DMA ( http://finance.yahoo.c...= ). Should have really shorted this the last time it broke through its 50 DMA,but we'll see if we can still make some money here.

Rating:
5

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  • 05/04/2010 08:52 PM by Hesperian

    I may join you here Dave. This company looks terrible fundamentally and technically.

    Rating:
    4
  • 05/25/2010 12:19 PM by Dave Pinsen

    Stopped out today at $14.23 for an 11% gain.

    Rating:
    0
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