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Wednesday, August 03, 2005

August Selloff Beginning?

John Mugarian writes:
Despite the recent rise in the market, insiders continue to sell at a rate of 3 sellers for every 1 buyer. In addition, many of the insider purchases are among "no name" stocks. While the tech stocks continue to be touted by guests on the financial channels, the technical rankings among the group has been moving lower. This indicates that stock prices have moved above earnings expectations.

We need to remember that the tech sector has not come back into favor, it is just drawing attention. The summertime move in tech reminds me of a similar move in 1994 just prior to a nasty selloff. While I cannot rule out another move higher later in the year, I need more confirmation among the entire sector before I get excited.
Read further:
John Mugarian's Investor Alert: August Selloff Beginning ?


Anonymous PENNY STOCKS said...

Nobody ever made any money panicing.

12/03/2012 02:45:00 PM  

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