We Are Removing Albemarle (ALB) from Investing Ideas

12/08/17 11:56AM EST

We are removing Albemarle (ALB) from the long side of Investing Ideas today.

Below is a brief note from Hedgeye CEO Keith McCullough explaining why:

"When you don't time something well (like me with my ALB buy signal), days like today are good ones to "clean up mistakes." I'd always rather book a small loss than a big one.

I may come back to ALB on an #oversold day (because longer-term Jay Van Sciver likes it) but for now it’s starting to test an intermediate-term TREND break-down… and I don’t like those.

KM"
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