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My ACO was down as much 17% today on monstrous volume. Although it recovered slightly before the close, it still finished down over 16%. There was no news, but they will announce their 4th quarter earnings on January 20. It’s a little suspicious for a stock roll off the table four days before they announce their earnings. I wonder if someone knows something.
My portfolio was up over 1% in spite of ACO’s action. Two of my buys kicked in today: ENWV and AMKR. Of the two, ENWV was the best. It was a beautiful breakout from a cup-and-handle formation on three and a half times normal volume. Even so, many breakouts fail.
Posted by Ted at January 16, 2004 8:51 PM