| Some of the stocks I am watching had very good days today, e.g., in the satellite sector ALA, GCOM, LMT, ORB, PGTV and SIRI had a good day, in the major drug sector MRK, in fiber optics MFNX and GBLX, in computer related (really more like broadband sector) AMCC and RBAK, and large cap defense was mostly up today. So what I am seeing is the sloshing effect, money sloshing from one sector into another, and with respect to fiber optics, some of the money that sloshed out today didn't go to money heaven, it sloshed into something else, and it will slosh back. But I don't have time to watch it like a hawk so I am standing aside. |
