Market Roundup | stockbee

12/26/2007

Market Roundup

Market Monitor: Bearish
Market has been in year end rally mode for last 5 days of selling. This momentum has probability of lasting for couple of weeks. A 300 plus down day will again put us back in cautious mode. However the stocks up 50% plus in a month reading are already in 20 plus territory, which indicate a possibility of a correction in next shorter time frame.

As Tuesday was half trading day and volume was very low, there are not many stocks in scans. Thin volume conditions will likely continue. Corrections have a nasty habit of showing up post holidays and in such thin environment it can wipe out profit quickly. Stocks like CSIQ, RICK, FSLR, MOS, JASO, MTL, SVNT, SDTH, etc are vulnerable to nasty correction at this level. If you are holding stocks up 50% plus in a month, be careful. Such momentum has a history of nasty reversals. Especially if the stock is also up 100% plus in last 260 days and is now up 50% plus in a month, in most cases it indicates climax.
Following stocks are up 50% plus in a month.



ANGN,Angeion Corp (Google Yahoo Earnings Chart)
ARTW,Art's-Way Manufacturing (Google Yahoo Earnings Chart)
ASTI,Ascent Solar Technologies Inc (Google Yahoo Earnings Chart)
ASTIZ,Ascent Solar Technologies` Inc. (Google Yahoo Earnings Chart)
ATVI,Activision Inc (Google Yahoo Earnings Chart)
BMTI,BioMimetic Therapeutics Inc (Google Yahoo Earnings Chart)
CDTI,Clean Diesel Technologies Inc (Google Yahoo Earnings Chart)
CSIQ,Canadian Solar Inc (Google Yahoo Earnings Chart)
CSUN,China Sunergy Co Ltd (Google Yahoo Earnings Chart)
ECHO,Electronic Clearing House (Google Yahoo Earnings Chart)
EMKR,Emcore Corporation (Google Yahoo Earnings Chart)
FSIN,Fushi Intl Inc (Google Yahoo Earnings Chart)
GNSS,Genesis Microchip Inc Delaware (Google Yahoo Earnings Chart)
GPRE,Green Plains Renewable Energy (Google Yahoo Earnings Chart)
HRBN,Harbin Electric Inc. (Google Yahoo Earnings Chart)
IRW,Ibt Bancorp Inc (Google Yahoo Earnings Chart)
JRCC,James River Coal Company (Google Yahoo Earnings Chart)
LDK,LDK Solar Co Ltd (Google Yahoo Earnings Chart)
LEAP,Leap Wireless International Inc (Google Yahoo Earnings Chart)
LNN,Lindsay Manufacturing Co (Google Yahoo Earnings Chart)
NEXT,Nextest Systems Inc (Google Yahoo Earnings Chart)
PFB,Pff Bancorp Inc (Google Yahoo Earnings Chart)
PRKR,Parkervision Inc (Google Yahoo Earnings Chart)
RICK,Rick's Caberet Intl (Google Yahoo Earnings Chart)
RIGL,Rigel Pharmaceuticals Inc (Google Yahoo Earnings Chart)
SDTH,Shengdatech Inc (Google Yahoo Earnings Chart)
SOLF,Solarfun Power Holdings Co Ltd (Google Yahoo Earnings Chart)
SPIR,Spire Corp (Google Yahoo Earnings Chart)
SVNT,Savient Pharmaceuticals Inc (Google Yahoo Earnings Chart)
TIVO,Tivo Inc (Google Yahoo Earnings Chart)
TWP,Trex Co Inc (Google Yahoo Earnings Chart)
USBE,US Bioenergy Corp (Google Yahoo Earnings Chart)
VSE,VeraSun Energy Corp (Google Yahoo Earnings Chart)
VSL,Videsh Sanchar Nigam Ads (Google Yahoo Earnings Chart)
XIDE,Exide Tech (Google Yahoo Earnings Chart)
YGE,Yingli Green Energy Hlds Co (Google Yahoo Earnings Chart)

1 comment:

Mike said...

Great call Pradeep!