Mar

14

Falling StarsI start by noting that about 10% of the S&P 500 have fallen this year at a rate of 80% or more for the year. I also note a surprising number of fallen stars, once $50+ stocks that just touched a bit below $20 as if that were the signal for accumulation. I note C, FNM, INTC, DELL, NVLS, and a number of lesser known. Many others are very close, such as General Motors and Pfizer. It's as if it were a signal for the analysts in these companies to issue a buy report once the margin buyers and weak longs have been extricated, and I have not overlooked this opportunity.


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