At about 2:05 pm EST, the market is trading lower. The market is looking weaker as more and more bad news coming out each week. The earning season is around the corner now. Depending on how strong the earnings are, it maybe give a lift to the market.
I would chase any high price issues, high gainers, or high momentum to the upside stocks at the moment. They will fall hard if any news hit the wire on the stock. A case in point was (IDCC). It was a good gainer before last week. As soon a downgrade came, it crashed 21% yesterday.
Stay put and hold your cash until the time is right.
Today's Stock Movers at 2:05 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(IVAC) 23.91 +2.29 +203
(CSH) 34.88 +1.29 +178
(BPT) 88.00 +2.80 +149
(AHS) 20.98 +0.66 +135
(IDCC) 27.17 +1.28 +119
Stocks Down:
(CPS) 36.41 -4.17 +513
(WDFC) 30.65 -3.23 +486
(BAS) 28.24 -1.61 +255
(OEH) 39.85 -0.64 +241
(WSM) 32.62 -0.93 +235
Tags: stocks midday
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