Thursday, December 04, 2003
Its the last month of an up year, the first up year in three. Money managers want their bonuses. So December is playing out this way--The biggest winners of the year, are getting hammered with profit taking. Look at the Chinese stocks (CYD for example) also stocks like, SNDK, LEXR, CECO, UPOX are getting slammed while the losers and small stocks are rallying. Sort of the "January effect" in December this year. Sell the winners and pick up some dreck like AWE, AETC, for last few weeks of the year.
Posted by Steve at 8:57 PM