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vmreyesa
Jul 10, 2022 11:56 PM

X, Textbook LSFB short-sale  Short

United States Steel CorporationNYSE

Description

X, textbook LSFB short-sale case study from the 2022 bear market. Note that X's PE was 2 (yes, TWO) as it busted the 20-dma in late April, now its PE is 1. Don't let low PEs fool you - they in fact reflect a severe lack of demand for the company's forward earnings stream.
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