iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Trouble in Prison Into the Bell

It looks like judges are starting to push back on prison overcrowding, especially in California, which means you will only have to fend off a mere two Aryan Brotherhood gangs on the way to take a leisurely shower after chow time.

Prison REITs CXW GEO are getting shanked hard today, with both weekly charts continuing to deteriorate since I last mentioned them over the summer. Keep an eye on them as shorts into weak bounces.

Into the bell, PCLN Is near session highs while GOOG hanging out near its lows–Yes, it was that kind of day,

Stick around for my video market recap after the bell…

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CXW

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GEO

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4 comments

  1. ironbird

    Hate those police state names. Wtf could not go wrong holding peeps in a cage for profit?

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  2. elizamae

    “Healthcare Facilities” lulz.

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  3. Denizen

    Funny that I didn’t consider prisons losing as pot is legalized.

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  4. speedius

    Anecdotal, but I was at Alcatraz just last night and the place was EMPTY.

    http://nofstr.tumblr.com/post/76264904195/the-rock

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