Health & Fitness
Whitney Tilson Says Three Stocks Are Collapsing
Equities Research raised red flags on all three of these companies after quarterly statements revealed negative operational cash flow.
Sunday, April 22, 2012
Whitney Tilson: 3 Stocks Collapsing
Reading BusinessInsider this morning as usual, I came across a link to Whitney Tilson's interview warning about 3stocks that are ready to collapse. I was familiar with all three tickers, FSLR, NOK, & RIMM because I have been following them since they were downgraded at Stockdiagnostics.com over the past year.
Below are the posts on all three stocks that I shared on my website this morning.
April 21,2012
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First Solar, Inc. ( NASDAQ:FSLR) closed at an all time low this week @ $25.12. Stockdiagnostics downgraded FSLR @ $128.51 on May 10,2011 after the company reported 1st quarter financials for the period ending March 31,2012. In less than a year since the downgrade, shares have fallen $108, an 84% decline.
click to FSLR Stockdiagnostics OPS chart
Research In Motion (NASDAQ:RIMM) traded at an 8 year low on Monday and closed the week @ $13.34. Stockdiagnostics downgraded RIMM @ $21.68 on September 26,2011 after the company reported FY2012 2nd quarter financials for the period ending August 31,2011. Since the downgrade 7 months ago, shares have declined 38% vs. the S&P500 index which has gained 18.54%.
click to RIMM Stockdiagnostics OPS chart
Nokia Corporation (NYSE: NOK) closed the week at a 5 year low @ $3.70. Stockdiagnostics downgraded NOK @ $8.17 on April 25,2011 after the company reported 1st quarter financials for the period ending March 31,2011.
in 1 year since the downgrade shares are down 55%.
click to NOK Stockdiagnostics OPS chart
