Monkey Throw Dart: Sizzling Summer Contrarians

Wednesday, July 7, 2010

Sizzling Summer Contrarians

Today marks a special milestone...the market closed up! The Nasdaq has lost 10.6% since the open back on June 21st until yesterday. For each of those eleven days the market closed lower than it's open. Unless you jumped in one of the many inverse ETF's, the market was not very kind...unless you happened to catch a ride on one of these 'non-conformist' stocks listed below.

Each of these refused to follow the market and came away with roughly 10% or more during the market slide.

IDT, IDT, 32.5%
BVF, Biovail, 21.3%
VRX, Valeant Pharma, 12.7%
SIGA, Siga Tech, 11.7%
GNCMA, General Comm., 11.4%
MEND, Micrus Endovascular, 10.1%
ELP, Comp. Paranaense Energy, 9.5%
CVVT, China Valves Tech., 9.4%

Some of these stocks will be worth keeping on the radar screen to watch if they retrace a bit from their recent highs and offer an opportunity to get in at a bargain price.