Traders Should Watch For-Profit Colleges as Chanos Sees Downside Risk (APOL) (DV) (CECO)

Jim Chanos at the Value Investing Congress just said he sees downside risk at the for-profit colleges. The money manager believes these companies are a "national shame."

Shares of Apollo Group (Nasdaq: APOL) seem to be reacting to the comments. Traders should also watch DeVry (NYSE: DV), Career Education (Nasdaq: CECO), Corinthian (Nasdaq: COCO), Grand Canyon (Nasdaq: LOPE) and American Public Education (Nasdaq: AEPI).

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