Wednesday, February 5, 2014

Do not short Nu Skin Enterprises Inc. (NUS)

Reasons why I would NOT short NUS ;
While the chart pattern, and latest news look quite obvious, one should always
look at key fundamentals before shorting.
Market Cap : 4.4B
Revenue : 2.75B
PE : 15
ROE : 46% !

Now go check out Tesla (TSLA) fundamentals ...
Conclusion : Chart patterns, volume, key events are not enough to decide on wether
you should short or not. Focus on very high abnormal fundamentals !!!

If/When the market pulls back, hope to buy NUS at the LT support level (see chart)

No comments: