Here is a good stock for a bad market. Let me make this clear, I am still very bearish on the market as a whole. I am holding several ETF's that short certain markets. Although, of late, I have been finding more stocks that fit my trading style.
Stocks that hold up or even show an increase in share price during a bad market can possibly be the new leaders in the next Bull market. This is the best reason to not look for shorts only during these down times. You can find some great stocks...let's face it, it is slim pickings so these times are easier to follow the leaders.
IIVI has been moving higher since mid-Jan. I see some consolidation around $36 but I will not be risking a big move if the markets go bullish. I am in with a stop around 34.
$38.29 (04/01/08)
