Hedge funds racing to find the best valued stocks before economy bottoms.
I heard HEDGE funds got massive redemptions this week and that is one reason we re-tested lows. They sold their weakest holdings and repositioned their remaining funds into the strongest stocks looking forward. This will bold well for the rest of Feb. heading into March when the majority starts getting the average $4,000 tax refund per family with a single family house. That should help halt redemptions for the next few weeks.
Stocks that look strong looking forward :
CIR, ESE, BMI, LIFE, TNB, ROC, NLC, MOS, AGU, POT, CF, AKAM, IPI, QSII