Warren Buffet or momentum

Jon D. Markman has this to say about momentum traders and offers few momentum ideas.

Outside of crooked CEOs, few players in the investing world are the subject of more derision than momentum traders, people who buy stocks that are rising rapidly with the expectation that they'll go higher.

It's the usual Wall Street hypocrisy at work. You see, everyone says they want to be like Warren Buffett and focus on long-term value. But deep down, when the after-work martinis are flowing, most reveal that they really want to be like Buzz Lightyear and find stocks that will go "to infinity and beyond!"

So at this time of year, when animal spirits are stirred by good cheer and rising indices, let's take a week's break from our usual search for cheap, neglected, low-risk stocks that might find favor one day and take a look at pocket rockets whose fuses are already lit and which might take us on a wild ride. At least for a couple of weeks.