The nets that I like for the very short term would be: BRCM, LCOS,EXDS,VRSN,XCIT ... most big blocks are gone from the others actually zero. If you check AMZN,YHOO, DCLK, RNWK, GNET,CNET there are verylittle big blocks. The biggest of course are for AOL but they are probably sells, either way AOL is not a factor now. EXDS has shown extraordinary strength had over 16 big blocks, VRSN 19, LCOS 34 (my favorite)..BRCM a blockbuster of a stock with 56 big blocks..
I don't imagine that this is such a 'crucial finding, but it does shows that at least temporarily 'big money' interest is ebbing and waning from these stocks. It's something to think about. If sentiment is gone from these stocks than what is left to hold them up? COVD had 0 big blocks and did fine. It's just that I would tend to put these higher on my database and watch the charts more carefully since even more money can leave these companies.
So I'd be looking at some like COVD that are second tier for some more gains. That is why I had some of them on the watch list today (TCMS, ZDZ, EWBX.) Of course they weren't all that great either, but consider at the time they were on the watch list the big blocks were STILL in AMZN, YHOO and XCIT and tonight I saw they were now gone.
Just a thought. |
