You’ll Remember This Stock for its Crocodile Tears

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21298241-Irr 15082011

I suppose I could pile on about how ominous the price action was on Thursday, especially for the high momentum stars of the market. But calling a major top to an uptrending market remains a uniquely difficult task, perhaps far greater than nailing a bottom to a corrective or bear market. Simply put, it remains to be seen and I will just trade it as it unfolds, cutting losses quickly and seeking to nail down some nice winners when they present themselves.

Instead of focusing on that, though, I want to try to add some value tonight by pointing out an under-watched biological medical device company specializing in human tissue transplants.

CRY was certainly crying some crocodile tears for bears on Thursday, with its notable performance on a relative and absolute basis. You can clearly the strength of the chart below for yourself–A strong stock in an uptrend getting even stronger.

Bottom Line: In a corrective bull market (until proven worse) it is instructive to keep a focused and cogent list of stocks showing signs of acting head and shoulders (no pun intended) above the rest.

For crying out loud, keep CRY on your watchlist.

___________________________________________________________

CRY

 

2 Responses to “You’ll Remember This Stock for its Crocodile Tears”

  1. What a sick run it had Thursday afternoon. On the list.

Comments are closed.
Previous Posts by chessNwine

You’ll Remember This Stock for its Crocodile Tears

404 views

21298241-Irr 15082011

I suppose I could pile on about how ominous the price action was on Thursday, especially for the high momentum stars of the market. But calling a major top to an uptrending market remains a uniquely difficult task, perhaps far greater than nailing a bottom to a corrective or bear market. Simply put, it remains to be seen and I will just trade it as it unfolds, cutting losses quickly and seeking to nail down some nice winners when they present themselves.

Instead of focusing on that, though, I want to try to add some value tonight by pointing out an under-watched biological medical device company specializing in human tissue transplants.

CRY was certainly crying some crocodile tears for bears on Thursday, with its notable performance on a relative and absolute basis. You can clearly the strength of the chart below for yourself–A strong stock in an uptrend getting even stronger.

Bottom Line: In a corrective bull market (until proven worse) it is instructive to keep a focused and cogent list of stocks showing signs of acting head and shoulders (no pun intended) above the rest.

For crying out loud, keep CRY on your watchlist.

___________________________________________________________

CRY

 

2 Responses to “You’ll Remember This Stock for its Crocodile Tears”

  1. What a sick run it had Thursday afternoon. On the list.

Comments are closed.