Martha Stewart Living Omnimedia Declines as Martha Flops

Martha Stewart Living Omnimedia (MSO) is on the downside. MSO started to slide in September after her TV show "The Apprentice: Martha Stewart" received poor ratings. Then MSO reported worse than expected earnings on October 27 and MSO continued its downside move. More bad news followed as NBC announced it would not renew her apprentice show for 2006.

MSO had fallen below support at $20 and could go lower. Do not buy the stock.