Polypore International (PPO) Breaks Out

Been waiting a while for this one to finally run. Nearly every Tom, Dick, and Harry stock has been caught up in speculation – heck even China solar stocks are now back ‘en vogue’ so it is about time. Heck DryShips (DRYS) might even begin to run – it’s fall 2007 again!

Now the tough part – how far to let this run with a market on a heroin high, drunk on dreams of QE and weaving all over the highway at 120 mph. It is so difficult to pile into stocks here, even the ones breaking out as the S&P 500 is up 120 straight points in 5 weeks!

Still hoping for a move to S&P 1170 (let’s do 130 S&P points!), hopefully on ‘better than expected’ weekly jobless claims tomorrow. I’d probably sell a good batch of Polypore International (PPO) once we get there – if we do of course.

Disclosure: Long Polypore International in fund; no personal position

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

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