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[Options Premium] Shorting a Massive Topping Pattern

February 9, 2024

As many of our longs continue to work in this current leg higher in the stock market, I like putting on bearish bets as portfolio hedges to cushion the blow if/when the turn comes.

And the best way I know how to do it is to position bearishly in stocks that are already falling. If they are performing poorly now, I have to believe there is a lot more downside should a downdraft hit the broader market.

My analysts published their latest Short Report, and one of the names caught my attention.

 

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