The danger of these kind of corrections/tops in companies like TIE,Titanium Metals Corp, GG,Goldcorp Inc and, GLG,Glamis Gold Ltd is that this correction is happening after long moves where these shares have seen substantial price growth so this can quickly turn in to a major debacle .
Look at ERS, Empire Resources, Inc.. After a 1000 % move in a year it had a quick drop recently and it just keeps going down. It also had lowers earnings this quarter. So in a mater of 8 days it has been cut in to half. So if you have position in the metals group you should be out of them by now.
What is different about this market correction is that it is global, all markets are going down. Look at the country and regional ETFs appearing in this list. Otherwise most corrections are individual market specific or sector specific. This kind of action also increases risk for good stocks like IFO,Infosonics, which had excellent EPS and sales growth but reversed sharply on extreme volume.
ARWR,Arrowhead Research Corp
BHP,BHP Billiton Ltd
EGI,Entree Gold Inc
ESCL,Escala Group Inc
EWZ,iShares MSCI Brazil Index Fund ETF
GG,Goldcorp Inc
GLG,Glamis Gold Ltd
HGT,Hugoton Royalty Trust
IAU,iShares COMEX Gold Trust ETF
IF,Indonesia Fund
IFO,Infosonics
ILF,iShares S&P Latin America 40 Index Fund ETF
IVN,Ivanhoe Mines Ltd
NXG,Northgate Minerals Corp
PBW,PowerShares Wilderhill Clean Energy Porfolio ETF
TGB,Taseko Mines Ltd
TIE,Titanium Metals Corp New
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