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Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

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To: Covenant who wrote (927)	5/1/2012 7:55:14 PM
From: grahamcracker	1 Recommendation Read Replies (2) of 1876

<<107 stocks had new all time highs. Where is the potential turnarund in these you may ask. Pick something which is grossly overvalued, and short it as the market recognizes its true value, and generate profits from that turnarund. Turnarund is not always bad to good, it can be vice versa.>> Good point. That list is interesting. When I clicked on a heading and went to the site, it appears most of them are listed as 96% and 100% buys. Am I understanding that correctly? Does that mean the technical indicators are screaming buy on almost all of them? I'm not familiar with that site. I'm assuming the % buy is the result of some algorithm.

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