Returned from work to find some sell stops hit: mostly chips (RFMD, for example) and a few i-nets (AOL, then bought it back at 45 and 46). Others continue strong: RSAS, PBSC, BVSN, DITC, ELON, FBCE, FDRY, PUMA, VERT, XCAR...not too many others, really.
I still have position buy signals on most "Bonehead Buys" listed yesterday...this "feels" more like the one-step-back rather than a full return to the downtrend of the past six weeks. Naturally, the talking heads are playing this for all it's worth, imo...but I think this is another opportunity to buy quality on the cheap (added LCOS at 37 and RFMD again at 22 1/2 a little while ago).
Stopped out of JNIC and FNSR, but now looking to buy them back, too. LPTH looks good in the low-mid 30's as a place to add or enter, imo. HLTH looks interesting to me now...may buy a small exploratory position in the low 9's--MK-- |
