|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||3.07 / 7.00|
This week's volatility was as expected around a FOMC interest rate hike and "triple-witching" options expiration.
MeetMe and Fabrinet yield nice returns, though I had to cut bait on a more prominent name.
One is a "sell the news" stock, the other is selling on negative news.
Conditions are still overbought, staying stubbornly sticky to the upside.
The action is flat and I'm not seeing strong momentum in individual stocks.
We have chronically underinvested bulls, nervous bears and algos.
Shares of MeetMe are off to a fast start this year, rising 25%, because of the social discovery company's rapidly growing mobile business, says the company's CEO Geoff Cook.