If August is supposed to be a slow month in the market, someone forgot to tell these companies. Looking at the charts, it's almost as if someone hit the "GO" button at the start of the month for this list of ten best. Each of these summer gems gained between 12% and 50% since the start of the month. I've included the sector for each stock. It's not hard to notice the 'mining sector' slant.
It may seem unwise to pile jump at this point, even if the market continues it's bullish attitude, but as Jesse Livermore once said, "Remember that stocks are never too high for you to begin buying or too low to begin selling." Thanks, Jesse, but rather than climb the wall of worry, I think I'll wait for a pull-back. The bulls are welcome to pile jump.
BORN, China New Borun, +49.1%, Consumer Goods
GGAL, Grupo Financiero, +34.9%, Commercial Banking
SVN, 7 Day Group, +33.5%, Hotel Motel
CAGC, China Argitech, +32.4%, Agri. Chemical
AZK, Aurizon Mine, +27%, Mining
JAZZ, Jazz Pharma, +19.1%, Pharma Prep.
TTM, Tata Motors, +17.7%, Motor Vehicles
IAG, Iam Gold, +16.1%, Mining
NGD, New Gold, +15.3%, Mining
EGO, El Dorado Gold, +12.6%, Mining
*Parameters for this list include stocks between $5-$50, volume > 500,000, gain > 12% for the month.
Wednesday, August 18, 2010
Stars of August...So Far
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