Expert amateur optimism; 2nd highest long pick at stockjungle:
This is from sj's Jungle Weekly (http://www.stockjungle.com/research/jwarchive/072800.asp):
As the StockJungle.com Community continues to grow, now with
14,000 members, it's becoming an even more valuable resource
for uncovering investment insights. Besides the ability to
identify the cream of the crop as far as individual stock
pickers go, we're also able to track some interesting trends
in the Community at large.
We have internal screens that allow us to see the movements
in and out of particular sectors, which stocks are
generating the most activity and even gauge the relative
bullishness/bearishness of our Community over a given
timeframe. Could our Community have within its walls a
crystal ball that reveals where the market might be heading?
Or are we, as a whole, a contrarian indicator?
Given what's occurred in the market this week, we thought it
would be interesting to look at the most popular new picks
in the Community. Yesterday, here is how it broke down
between longs and shorts:
New Longs:
Company (Ticker) # of picks
Nokia (NOK) 43
Rambus (RMBS) 15
JDS Uniphase (JDSU) 13
SDL, Inc. (SDLI) 12
Integrated Silicon (ISSI) 11
LSI Logic (LSI) 11
Accelerated Networks (ACCL) 10
Lucent (LU) 10
Amazon.com (AMZN) 8
InfoSpace (INSP) 8
New Shorts:
Company (Ticker) # of picks
Amazon.com (AMZN) 6
JDS Uniphase (JDSU) 5
Nokia (NOK) 4
American Power Conversion (APCC) 3
Accelerated Networks (ACCL) 3
PMC-Sierra (PMCS) 2
Juniper Networks (JNPR) 2
Integrated Silicon (ISSI) 2
Nortel Networks (NT) 2
Applied Micro Circuits (AMCC) 2
One thing that would probably surprise most people is how
our Community immediately jumped on Nokia right after its
big blow up. Instead of being scared and running away from
a falling stock, our Community displayed its own commitment
and independence, by selecting this stock as its most
popular stock pick yesterday. It's interesting to note that
today, in a severe market correction, Nokia is up 7 points
to 44 or 3.19%.
stockjungle.com
We'd love to hear your ideas and suggestions for new ways to
find investment intelligence from our collective knowledge.
Send an e-mail to editor@stockjungle.com and tell us what
you'd like to know about our community. We'd also like to
know if you think the community sentiment is going to be a
market-leading or market-lagging indicator. |
