Wednesday, July 14, 2010

What Correction? Multiple Stocks Blowing Out to 52 Week Highs

Quite amazing to see this group surge so quickly to 52 week highs.  This is almost one third of our long portfolio. Another reason to buy "relative strength" on dips.... but certainly one would not expect this type of action a week and a half after the market was being crushed.

Now the tough question is when do you take the next round of profits, knowing you can leave quite a bit on the table if the market continues a "V" shape, low volume bounce so popular from summer 09 to spring 10. There are worse decisions to be faced with of course.

(as an aside, it appears Acme Packet is up due to a 2nd derivative "competitor's" earnings report)

Long all names mentioned in fund; no personal positions


Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012