Mark, there's a general tendency for money to be coming into the beat up stocks. Every small stock I follow has popped from its low point. Basically there is little left to buy, that is as cheap as when everyone was liquidating. BXH is cheap below 7. Volume means little, the volume spurts whenever a fund decides to buy. Funds are buying, and trying to buy small caps. But the price runs away when they do. XYLN is no longer 10, it is 15. Etc... Nothing is "up" except earnings date is approaching. You can do it, too - get a good calendar of stock earnings, check out the charts and prospects, jump on the good speculations and gather several little 10% pops over 3 weeks. Especially with the market as giddy as it is, and valuations relatively low. Even for the bank stocks with bad earnings expected, the price was down so much but market mood such that, bad earnings arrive and all will pile back in because they figure everything bad has been priced in. For this example, see Xerox and HWP.
Greg |
