To those that have asked which stocks are the best bouncers. . . take a look at today's percentage and point leader boards. . . what do you see?
Often the "next wave" of technology bounces first. . . look at RMTR, NTRO and ELON. Very nice moves today.
Then there are the regulars. . . PMCS up 17 3/4. . .BRCD up 12. . . AMCC up 10. . . CHKP up 8. . . .
VRTS, SCMR, MERQ, CIEN, JNPR, BRCM, SDLI. . .
Be sure to notice that today's point LOSERS are nearly all biotechs. . . MYGN, AFFX, PDLI, HGSI, CEPH . . Then there are the newcomers. . .SONS, TLGD, TSTN, LEXG, NSTA?
Not a good time to be holding the losers. . . not yet, anyway.
Make your list and check it twice. . . once you are armed with a few of your best bouncers. . . you can trade them over and over throughout the coming month, as you recognize near-term bottoms.. . . then selling the NT tops. . .
We did that SO many times in the spring with AETH, INSP, ELON, PMCS, AMCC and others.
Best Wishes,
Rande Is |
