I was hoping that Perfect World (Nasdaq:PWRD) would make TRIGRs Top 5 again today, but alas, it was not to be. I plan on keeping an eye on it, though. It looks like the kind of stock that couyld really take off. Plus, I’m working on the theory that new additions to the Top 5 make the best short term trades.
There’s a new one and an old favorite in the Top 5 today. Graham Corp (NYSE:GHM) reappears. And Netezza (NYSE:NZ) is in there too. Netezza has made the list a few times over the past coupe of weeks. It hasn’t done much yet but let’s see how it fares today.
Thanks to DaveB for doing a little digging on Acura Pharmaceuticals (Nasdaq:ACUR). If you didn’t see his note, Acura did a 10-1 reverse stock split in December. It’s been my experience that reverse splits are a death knell for a stock. I’m going to have to figure out why this stock would get pulled up by TRIGR. I knew the light daily volume was a red flag. BUt a reverse split is the clincher for me.
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