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Shorts Pile Onto Pilgrim's Pride

By Mahyar Hashemi, Published: October 30th, 2008 1:12 PM CDT


Hedge funds are in a frenzy to make a profit.

So what do they do?  They look for the worst news and pile on the short sales.

After all, there is no uptick rule and in this market it is clear that making a stock rise is more difficult than making it fall.

First, they bring down the value of the company's stock, then the journalists pile on with negative articles.  Then, the analysts line up against the company with word like bankrupcy.

You don't have to read "The Secret" to know that when everybody says that a leveraged company will no longer be able to meet its obligations, that will become the reality.

So beware in this market of unfortunate victims like Pilgrim's Pride.  When they target you, get ready for your head to get cut off and fed to a bunch of hungry animals.

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LOL!  Sad but so true

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