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Non-Tech : Kirk's Market Thoughts
COHR 187.29+0.2%10:35 AM EST
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To: Kirk © who wrote (1906)9/17/2014 1:06:41 PM
From: Jerome1 Recommendation

Recommended By
Gottfried

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Stocks in denial.......sometimes it seems that a stock has all the recommendations of top analysts and it still goes nowhere.

MU is such a stock.....numerous buy ratings and high price targets, yet the stock is caught in the low 30's for some time. This is denial.

INTC was in denial for many months until it broke out of the 24 to 26 range in July.

GE is still in denial....great outlook but no one gives a hoot. GE since last Nov has stayed in the 24 to 27 range very consistently.

My observation is that once stocks in denial break out of a well defined trading range....a lot of upside follows quickly.

One way to trade these stocks is to buy some call options about six months out and a few dollars in the money. If the stocks stay in denial you should get most of your option money back.

Note I'm long as much GE, MU and INTC as I can afford.
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