Hey guys! Here is a quick shot at what I believe to be one of the worst stocks out there. Ticker FTR (Frontier Communications Corp) seems to have hit another peak at around $8.50-8.60 and it is just about ready to come down. I have traded (shorted) this stock a lot because it is one I consider a safe bet when shorting. Keep an eye on the short interest rate as it could jump up as price continues to rise. You do not want to jump in too early. Again, I will always preach that you short in increasing intervals! Enjoy this one my fellow investors, you can hit me up with questions or comments but I will most likely post a breakdown chart analysis on FTR this week.
Happy Trading!
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