Did anyone get the license plate of the truck that hit James River Coal (Nasdaq:JRCC) yesterday? That was as brutal a beating for a stock on no news as I’ve seen in some time. I did a little digging, but still have no solid explanation for the +20% smackdown JRCC received. My best guess is that a slowing economy is expected to lower coal use, but that’s juts a guess.
I’m pretty sure I know why one of TRIGR’s favorite shorts Radian Group (NYSE:RDN) was pounded for 29%. The company’s on the verge of bankruptcy.
New long Life Science Research (NYSE:LSR) finished with a small gain yesterday. This is one to keep an eye on. Stocks that are making their first appearance on the Top 5 should perform well.
ANother newbie on the list today, GeoMet (Nasdaq:GMET), is a natural gas company. It’s about 10% below recent highs. Forward valuations look pretty good.
I hope everyone is ready for a long weekend. I know I am. I’ll probably get another post or two up over the weekend. But before that, I want to wish everyone a safe 4th — drive carefully tomorrow!
Ian
For important information and a disclaimer, click here.
TradeMaster Daily Stock Alerts has officially launched! Learn more.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment