Just like I have been talking about lately, the markets finally bounced off extremely oversold levels. What a bounce it was too. I'm hoping that the Fed's move is going to be perceived as more than just a bandaid to recent problems in the economy. If we can get good follow through very soon, almost any stock would be worth going long on. Fertilizer, solar and home builders are the groups to watch for this move.
Tonight I decided to highlight a technical play that could be worth a couple of points. CROX was a winner last year but stocks don't go up forever. After taking a beating the last couple of months, the stock has made a bottom and is very oversold. Today the stock had a nice turnaround on very good volume and has made a stochastic crossover. Buy point is now and could get up to $25 or so. Remember that the market was very oversold and may go up from here for some time to come.
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