Gongo, re: getting on the winners
On April 6 I read on the S&P site about the Goldman Sachs "Super Seven" which they felt would hold up well no matter how bad a downturn the naz might have. Since then I've been watching these stocks, and maybe you would like to also if for nothing else than comparison purposes. They are basically blue chip techs:CSCO,DELL,EMC,FDC,ORCL,PMCS,and TER. Today they were all up except PMCS.
While one might want to "ride the winners" in your list or the "super seven" I think the important thing to note now is that in the past two days we have seen many second tier stocks participating in the rally,and I think that those might be the ones to focus on if this rally continues. Look at all the smaller stocks that were mentioned on today's board and look at some of their percentage gains. Mfn was following a recent IPO, Bobber was on ENGA, longdong mentioned ETYS, and FLACK came up with some unusual ones I have never heard of.Yesterday and today I rode INSP for some gains, and played MFNX at the end of the day for a morning gap play. NOK showed strength today after having lagged for the past month after earnings.
These and many other smaller names are where the real money will be made if this rally continues, and I stress the word if. I think the bigger question on the mind of everyone is "will this rally continue, and if so, for how long?" And then the question is not what to buy but what to short. |
