With such big swings in the market it may be time to take profits. But which stocks should you sell?
One of the biggest “swingers” in the stock market is DryShips. The stock more than doubled over the past 30 days only to fall 17% Thursday of this week.
Credit Suisse downgraded the firm to “Underperform” from “Outperform” citing management's move to cancel the acquisition of four vessels. They also lowered their target price to $9 from $30.
As the traders have been telling you for some time, it's time to take profits in DRYS.
Traders, where else are you seeing big moves?
When you have moves like we’ve had in Diana you’ve got to trade around it, says the Chairwoman. UnitedHealth is the same.
I think there’s still upside in Freeport McMoRan but that’s another name in which you’ve got to take some off the table, says the Pit Boss.
The short interest in Frontline is massive, adds the Ambassador. And Centex and Lennar are up 30- 50% in the last month. I’d be out.
I told you to take profits the other day in Target , exclaims the Negotiator. You've got to move quickly and trade this market!