3 NBA Stocks That Are Crashing

HoopsAvenue — Thu, 18 Sep 2008 23:51:52 +0000

It’s not a good week to have money invested in the stock market and it hasn’t been a good week or two for some NBA people either. Here’s a look at 3 NBA stocks that have taken a hit this week…

Washington Wizards – What a brilliant move by Agent Zero to sign a $111 million deal and then just 2 months later announcing you’ll be having yet another knee surgery and will miss at least the first month of the season. The Wizards are just praying this doesn’t turn into another Allan Houston or Grant Hill situation. Washington fans are already too familiar with overpaying for guys that don’t pan out (See: Juwan Howard). Once again it’s up to Caron and Antawn to keep this stock out of freefall.
Josh Howard – Howard’s now infamous comments: “The Star-Spangled Banner is going on. I don’t celebrate this [expletive]. I’m black.” Add that to his “NBA players do smoke marijuana” comment just before a playoff game last season and his brilliant idea of throwing a birthday party after losing a playoff game last season. Yeah, time to sell this stock. Here’s the Star-Spangled Banner video:
Rookies – Michael Beasley‘s now the latest rookie to be fined. He got hit $50,000 for the marijuana-smoking incident at the Rookie Transition Program. Mario Chalmers and Darrell Arthur were disciplined a few days ago. Who’s teaching the Rookie Transition Program? Josh Howard?!? These guys are rookies so they’ve got plenty of time to bounce back, but their stocks are dropping right now.

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3 NBA Stocks That Are Crashing