So what? Does that mean you cut and run because the price of your stocks is going down? Not at all. You will never come out ahead if you panic.
Most stocks are down. Ford is down, AMD is down, WAG is down, AMTD is down. So where can you like in these kinds of markets? Small and Micro caps. RMKR which I have mentioned here repeatedly is up .07 today. Had you bought it at 6 like I said you would be well in the money. So we get a correction after having a phenomenal november. I mentioned AMD at $20 was a buy a month ago. It’s up almost 2 points. I still like AMD even here. This is a $30 stock and INTC has got nothing on AMD. The new pentium core duo is out, so what. In 6 months you are going to hear some amazing news from AMD regarding it’s motherboard line and graphic processing power, trust me.
I like ZQK here. It’s up 2 in the last two months on low volume. It trades at 24 times next years earnings and should be a $23 stock according to my numbers here. $20 if you want to be conservative. On a pullback like today you have 1 or 2 points down and 6 points up.
Most retailers are going to be good here, Apple I think has had too much of a run up to have much of an upside here. Jim Cramer thinks AAPL hits $100. I think it could but you are in for a wait, probably 4-5 months. Ipods are still “coolest” among teens but I think the ipod is already in the price of the stock. January is typically the best month for apple as it unveils it’s new technology for the coming year at MacWorld. So yeah you could get in here at $90 and probably be good for a few points.
So I think your winning strategy here is to find small cap stocks with growth potential. Remember to look at next years earnings estimates versus where the stock is trading currently. Also if the fundamentals are good, and the stock is down and nothing else has changed, you are looking at profit taking and a chance to get in.
