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BAC, CGNX, MDXG, & WBA
I've received no less than five emails from Seeking Alpha and Money & Markets today alone touting this bank. I don't understand why BAC has always been so widely covered and touted over the years, except that institutions all have them in their portfolios. They've had a two year run-up, but look like they're in for a correction to my eyes. I will avoid going in either direction with this stock that trades 50 MM shares on a typical day.
Two other companies I'm following as momentum plays are Cognex and MDXG.
Walgreens (WBA) is one I'm considering, again for momentum, not contrarian plays.
Meanwhile JNJ and NKE keep chugging along both making nice gains, contrarian has now shifted to momentum.
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One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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