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I'm interested in all work opportunities, full time or consulting type arrangement. Interested in analyst positions with funds focused on the short side, or due diligence positions with funds on the long side. Worldwide. Interested in strategy which focuses on identifying fraudulent dealings... More
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An Aspiring Muddy Waters
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Cycle Of Structured Nonsense
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  • If Harbinger Group Inc Goes So Does Spectrum Brands. (STRONG SELL)

    I wanted to point out a couple technicals I'm watching with Spectrum Brands $SPB.

    6 months of higher lows.

    (click to enlarge)

    Last months low was 42.75. I think two things are going to happen when we take this out:

    1). Its going to break this number and fall apart (Think MF Global)

    2). Or more likely and how I really would like to play it; It breaks 42.75, holds around 20.80, then rallies back over 42.75 over a few days, then when it comes down and takes this number out a 2ndtime, that's the time really to put the shorts on.

    42.75 is key and you very well could see it fail to get over this after its through; if this is the case watch for selling around that number after a small bounce. Then you look to press your shorts after it takes out the lowest point just before it rallied back up to here.

    I hope this makes sense and feel free to contact me if you'd like a better explanation or have any comments.

    Kind Regards,

    Donald Shekels

    Analyst for Hire

    Dec 14 10:10 AM | Link | Comment!
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