Take The Pepsi Challenge
Image Source: Unsplash
I don’t normally have a timeline in mind for my positions, but one short-sale I could anticipate holding for months is Pepsi (PEP), which is sporting a massive, well-formed topping pattern.
Longer-term, you can see this top in context, as well as the fact that the stock has broken a lifetime (multi-decade) uptrend.
Added to which, the price/earnings ratio for selling sugar water is a bit rich.
ETFs notwithstanding, this is by far my largest short position.
More By This Author:
Wonder If This Works AnymoreQuiet Days Ahead
Breadth Crash