Why Losing Stocks Still Find Buyers
People like losers. They want to believe that J.C. Penney (JCP), which looks, acts and smells like a loser, will be a winner, because they like Ron Johnson from Apple. And the think that Bill "save the world from Herbalife (HLF)" Ackman must know something.
I know retail. It is a tough business. I have known it all my life. A tailspin in retail is almost impossible to recover from. It is like a jet plane whose engines flame out. Sure, it can glide to a landing. But it is best to eject before the plane fireballs....313 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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