Friday, April 27, 2007

CRS Carpenter Tech

Today's most interesting stock is CRS Carpenter Tech (chart). The overall market is extended, so it is not the best time to be adding longs. However, the other side is that calling top is a poor percentage play.

Elsewhere, BIDU Baidu.com has a huge up move (chart). Bulls and bears continue to push and pull on AAPL and AMZN. These kind of glamour stocks attract so much attention that it makes them seem more risky. An analyst upgrade or downgrade, a hedge fund going long or short or unwinding their position, a major institution deciding to get in or out, can make muddy the waters for the small fish.

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