Some of the stocks up majorly during the rally are being slowly distributed. While speculative junk is getting bid. Looks like lot of sell the top and buy the bottom kind of action. That is why I am hesitant to put money to work currently unless it is for short duration.
AAPL, RIMM, BIDU and several other stocks are vulnerable to pullbacks. Quality names in biotechs are not rallying but junk is up on news and some pump and dump kind of action is clearly visible. So conserving cash waiting for market to set up.
Here is what I am watching currently:
AZL,Arizona Land Income Corp
CMN,Cantel Medical Corp.
GIII,G-III Apparel Group Ltd
HTI,Halozyme Therapeutics Inc
HURC,Hurco Companies Inc
MFRI,Mfri Inc
NFLD,Northfield Laboratories
ONNN,On Semiconductor Corp
RBAK,Redback Networks Inc
SNCR,Synchronoss Technologies Inc
TGEN,Targeted Genetics Cp
VNDA,Vanda Pharmaceuticals Inc
1 comment:
quadruple bottom on CTXS recently...
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