Thursday, June 07, 2007

Stocks to watch

With the markets falling hard its good to look at names that are bucking the trend. Today GOOG AAPL RIMM AMZN NFLX CROX EBAY SUNW AMD CVS are all up in an ugly tape. Some smaller names that I have postions in BSQR and KNOT are also up sharply. Other than that, the tape looks really ugly. I continue to believe that yields rising above 5% is playing a big part though there is still a lot of denial out there.

"I think there is some healthy profit-taking going on out there," said Michael
Church, portfolio manager at Church Capital Management, describing concerns
about bond yields as overblown. "Everyone seems to like to focus on this 5
percent level. I think it's in many ways mythical. Five percent is really not
that high of an interest rate."

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