Legg Mason, Inc. (NYSE:LM)

CAPS Rating: 4 out of 5

The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities.

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Player Avatar TheGarcipian (59.11) Submitted: 12/4/2008 10:20:48 PM : Underperform Start Price: $14.84 LM Score: -74.35

Looking purely at the SlowStochastics on LM's chart, it appears this stock is currently ready for another slip down the rabbit hole. Irs financials aren't so bad, but it's in a beaten-up industry which still has some more pain to go through. I think we could see LM sink to $12/share, or perhaps more. I'll ride it down to at least that far, then I'm out of my Thumbs-Down position.

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