YHOO, FIND, CLWR, ETF, MEDT
Yahoo (YHOO:NASDAQ) Not so long ago Carol Bartz was deemed the savior of YHOO. Well things change quickly. Bartz failed to unlock the perceived shareholder value in YHOO and shares are not too far from 52 week lows. Watch for potential takeover rumors to develop when a new CEO is announced.
Findex (FIND.OB) Our subscribers knocked it out of the ballpark on Friday when we released FIND as a PSE subscriber alert to savvy sub penny investors. We mentioned to not buy the gap up and it worked perfectly as many took huge profits. FIND was off today, as profit taking prevailed, but could remain a quality trading vehicle for penny scalpers. Keep FIND on your penny stock list just in case we decide to go back in to this penny tech name.
Clearwire (CLWR:NASDAQ) Shares of CLWR are starting to look like dead money at best again. CLWR share price failed to capitalize on the recent misfortune of AT&T. Some small insider selling of CLWR also showed up. Once again this name is one that should be avoided. There are far better bargains with less debt out there.
Gold Trust ETF (GLD:NYSE) A reversal to the downside like GLD had today is usually not a bullish sign on a short term basis. Even for the strongest goldbugs. It looks as if the trend of GLD going opposite the broader markets is still in place. Wednesday’s action in GLD could be interesting with Obama’s new job package in play. Short term traders should remember that there is a downside gap to fill right below $178.
Mediatechnics (MEDT) MEDT is the currently the most active IHUB message board and they came out with some fluffy solar related news last week. But shares have been strong and are currently in an uptrend. MEDT closed up 32% on Tuesday, and are close to breaking out of sub penny land. Remember to use these sub penny stocks as trading vehicle, because they can get ugly when the music stops.
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