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Shorting Exploitation

Published 09/19/2014, 04:24 PM
Updated 07/09/2023, 06:31 AM

I was drawn to Rent-A-Center's (NASDAQ:RCII) chart based on the fact that it seems to keep failing on its bounces to around $30. But my interest in shorting it was heightened only by the fact that, frankly, I think businesses like it are kind of scummy: they exploit the desires of the lower classes by allowing them to rent -- not own -- consumer goods. The whole thing smells bad to me, so I take particular joy in shorting them.

Rent-A-Center

This isn’t the first time I’ve looked at companies that exploit the underclass -- the entire for-profit “education” sector leaps to mind, like the guys at ITT Educational Services.

ITT Educational Services

Latest comments

Timothy...your market predictions and forecasts are the worst I have seen in over 30 years of market participation. Whatever money it is you live on,,,it certainly isn't money you make in the market.. You would have been broke and homeless long ago if you attempted that. I'd say you come from a family that gave you whatever money you have and live on. I suggest you find a more meaningful hobby. Market chat is not for you. You're welcome. :-)
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