What Correction? Multiple Stocks Blowing Out to 52 Week Highs

Quite amazing to see this group surge so quickly to 52 week highs. This is almost one third of our long portfolio. Another reason to buy “relative strength” on dips…. but certainly one would not expect this type of action a week and a half after the market was being crushed.

F5 Networks (FFIV)

Acme Packet (APKT)

VMware (VMW)

Polypore International (PPO)

Tibco Software (TIBX)

Now the tough question is when do you take the next round of profits, knowing you can leave quite a bit on the table if the market continues a “V” shape, low volume bounce so popular from summer 09 to spring 10. There are worse decisions to be faced with of course.

(as an aside, it appears Acme Packet is up due to a 2nd derivative “competitor’s” earnings report)

Disclosure: Long all names mentioned in fund; no personal positions

About Mark Hanna 543 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

Follow Mark on Twitter @fundmyfund.

Visit: Market Montage

Be the first to comment

Leave a Reply

Your email address will not be published.