. . . Point Losers. . . .
Remember back in March when we tracked the Point Loser to give us a picture of which stocks would be best to buy at the lows. . .and which would bounce first?
Well check this list out. . . .
CIEN -10 9/16
Digex -9 3/8
NUAN -8 15/16
Avici -8
DCTM -8
HGSI - 7 7/16
IDEC -7 1/4
SDLI -7 1/8
MLNM -6 5/8
Corning -6 5-16
Sony -6
VRSN -6
PMCS -5 3/4
Exar -5 5/8
BRCM -5 3/8
OPTV -5 7/16
New Focus -5 1/8
Clear Channel -5
AMCC -4 13/16
Newport -4 25/32
Gilead -4 15-16
DNA - 4 9/16
INTC -4 5/8
Biotech HOLDERS -4 5/8
Others include FDRY, EMLX, CRA, AMGN, SPWX, TWX, SONS, SEBL, TRRA, AKAM, WCOM, NTAP [great call, Julie]
The very best stocks are selling off. . . .along with those that have run too far too fast. . . .and those with well-timed downgrades. This is good info for leads on shorts with plenty of downside left. . .and for the gems when we finally hit bottom. . .Friday?
Well that is what I am doing, anyway.
Congrats to all those who sold out with me at Friday's highs. . .in the wake of so many analysts predicting that the Nasdaq would most certainly move higher this week.
Rande Is
PS> [Incidentally, I caution anyone short-selling the low-floaters that were last weeks high-fliers. . despite their poor fundamentals, etc. . . . they can burn you very quickly. . . .those full-time short-sellers wishing high profiles and publicity, enjoy picking such extreme stocks to short-sell. . .living on the edge as it were. . . .by contrast, we are only interested in safe responsible profits.] |
