Wednesday, March 10, 2010

Some Stocks Have Not Gone Down 1 Day in a Month

Rev Shark over at highlighted Maidenform Brands (MFB) an exciting high growth company which makes... bras.  He cites a 10% growth rates and trailing PE of 16... but still people can't get enough of this stock.  It has not had one down day in a month.... that makes sense... have I mentioned consumer discretionary is HAL9000's favorite sector of late?

The stock is 22% over the 20 day moving average...

This action might be even more intense than what we saw last fall coming off that July bottom.  I can see the difference in psychology among me and the crowd right now... while I am so doubtful I see any pullback as the beginning of stocks finally relenting, everyone else is using even 20 minutes of selling as an opportunity to rush into stocks.

Quite amazing... I can't wait to see valuations for bra makers in about a year from now since the Fed has no intention of raising rates for a long time.

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