Bruce Kamich, CMT, Bearish On Deutsche Bank

Bruce Kamich, CMT, was featured in TheStreet late Thursday, sharing his take on Deutsche Bank's most recent struggles (including a police raid, pictured above) and its valuation outlook. 

Kamich advised against buying the dip, saying he thought its stock might have further to slide. 

"I know some traders like to buy weakness and buy when the news is terrible, but that is not my style," he said. "[Deutsche] could make a large percentage bounce at anytime but again I like my odds with the Mega Millions better than buying a stock in a prolonged downtrend."

"The stock fell ... as the appearance of yet another scandal and the possibility of yet more penalties from regulators is stoking market fears on the stock that has already lost about half of its value in 2018," said reporter Kevin Curran.

Read the full article here: Deutsche Bank Stock Slumps Following Police Raid.