Thursday, May 13, 2010

OMG!

NFLX exploded to new all time highs today and is currently up over 9%! While BIDU continues to push into new all time highs and is up over 3% for the day thus far.

This is the sort of price action I like to see in stocks I am stalking for long positions during market corrections. My focus after last Thursday was on four stocks. However, after the recent three day advance in the markets NFLX and BIDU have clearly raised their hands up as the real leaders of the current market.

Therefore on any (3 - 5 day) weakness that does not undercut last Thursday's low, in the near future, in the market indexes; I will look to initiate positions in these stocks in hopes that the market will continue to climb higher and these stocks will out perform.

No comments:

Post a Comment