Prologis ($PLD) : Potential Stock To Short

Got this from Invest2Success blog.

Key Points:

1. ProLogis secondary offering 30 million common share

2. Proceeds will be used to repay debt from a bridge facility. Do note the word ‘bridge’. To my knowledge, these are short term loans to allow Prologis to buy time to raise more funds. I maybe wrong since I trade mostly based on the chart.

3. Growth is expected to slow down in areas where its assets are located.

Note: The chart has not exhibit any confirmation. I will be watching for a LONG PUT position.

By iam802

Trend trading with Ichimoku