I was thumbing through one of my more obscure watch lists last night while holed up on a rainy Manhattan evening, and I noticed some of the ideas I’ve offered up in months past have really been taking nice tumbles. Such as….Allot Communications (ALLT) which I predicted would go down…….ummm……..”a lot”. Heh.
Audiocodes (AUDC) whose shares I could never find to borrow:
And very volatile Harvest Natural Resources (HNR):
The “shape” of so many charts are toppy. These ripping rallies lately have been scary, but the big picture seems to suggest that big stocks (like AAPL) and obscure stocks (like those above) are really starting to succumb to the forces of gravity.