Fly on WallStreet

As energy related stocks get ripped to shreds, tech stocks lift-- as the proceeds from energy related stocks move to tech.

There is some serious rotation taking place, especially in stocks with big short positions. I have seen this game played before. As the rally matures, money managers will purposefully buy stocks with big short positions, with the intention of forcing the sellers to cover-- causing a spike in the stock price. The phrase "short squeeze" applies to stocks like RMBS, OSTK, NVT, VG and many others.

Frankly, I feel this is the beginning phase of putting the squeeze on the shorts. So, its not a terrible idea to position yourself in beaten down, heavily bet against stocks.

Think PALM or whatever else pleases you.

NOTE: One of my new positions CMOS is really bouncing hard off its bottom-- as the selling has finally stopped. I feel it can run to $3.

The following tech stocks have some mojo:

INTV +14%
NVT +11.2%
MIKR +11%
DY +8%
VG +8%
SIGM +7.3%
RMBS +7%
ELX +6.2%
VTSS +6%
NUAN +6%
GGBM +6%
ANAD +5.7%
BTUI +5.4%
IDWK +5.3%
EMKR +5.3%
SIMG +5.2%
INPC +5.2%
FNSR +5.2%
CMOS +5.1%
OSTK +5%
MRVC +4.3%