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MichaelEugen1

Short idea #12- a safe ETF in a downtrend

Short
iShares Global Timber & Forestry ETF (NASDAQ:WOOD)  
MichaelEugen1  
NASDAQ:WOOD   iShares Global Timber & Forestry ETF
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Hey all, I think this is a good ETF to keep an eye on. This thing will most surely drop based on its chart, and I see no fundamental reasons why lumber stocks should rise. I am waiting for SPY to reach $389 to short this name; I perceive this is a very safe short.
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