Friday, October 13, 2006
Sector Spotlight: Bird Flu Stocks
Specifically, I like the action in EQIX, NVEC, ADBE, AMD, CRM, BITS, BRCM, ATE, SNE and CHINA. However, I have no plans to commit fresh dollars to long positions-- due to the extent of the recent run.
If you are short U.S. equities, notable weakness is abundant in Homebuilders, Drugs and Retail.
Finally, its worth noting Energy and Precious Metal stocks rallying nicely off recent lows and appear to be under accumulation, again. As for oil, record snow in Detroit is reminding people that we need oil for the winter. Duh.
Almost forgot. Due to seasonality and the prospect of the Bird Flu becoming headline news this winter, I will share my "Bird Flu stock list."
GNBT, HEPH, DSCO, HEB, GILD, GTHA, EMFP, STTK, NVAX, AVAN, CPHD, CARN, QDEL, CRXL, SNY, BCRX, GSK, MBRX, AOB, PPHM, NVS, MEDI, VICL, AVII, SIGA, APT, NNVC, SVA and AMAR.
NOTE: Most of the stocks above are really bad companies and were found during last years Bird Flu pandemic scare. If you have any that may be worth a look, please share.
Something about the genius of its management or something.
The chart looks good, albeit on light volume.
Any news events coming up?
Links to this post: