VTSS, AMCC and other stocks in the group are experiencing short term consolidation. VTSS should trade in $32 ~ $35 range in the next week or so, unless there is a major market stimulating news coming out, such as FED's surprising rate cut, or extremely strong AMAT earning result, etc. In general, the market is in a relatively stable period of time trying to digest the strong gain we got in the past 4 weeks.
But even though the market, or more precisely large stocks, are in consolidation mood, there are still excellent opportunities remaining in small stocks, especially those that have so far left out of the recent market gain. These stocks could have a strong follow up run any time now. A good example is NANO, which I recommended about 3 weeks ago on this thread when it was at $5 range. Today it shot up from $6.25 to finish at $7.5, a 20% gain in just one day!
In short, there are still tons of opportunities out there for hunting.
Good luck!
MB |
