Thursday, February 02, 2006
Asian Fever
Down about $400 today. A good sign that the market has reached a top is when daytraders starting pumping microcap stocks up 100 percent in a single day. A great sign that the market has reached a top is when daytraders start pumping microcap stocks with no earnings and barely any revenues up 100 percent in a single day. But the best sign that the market has reached a top is when these companies also have "China" in their name. A quick gander at today's top percentage gainers list on the Nasdaq says it all. Don't be tempted. As sexy as these stocks look, they'll eat you alive. Stay away.
# posted by Stockcoach @ 8:38 PM 
