I remember TZOO was the best stock of 2004 but right at the start of 2005 it took a nose dive which lasted all year. Basically I believe people were waiting for the beginning of the next year to take profits. TZOO at 100 on Jan 2005 was way too expansive.
I am looking to get some puts on stocks that people are waiting till next year to start unloading. These would have to be highly speculative stocks that had a huge run up during the 2005 year. My 2 picks so far are OSTK and GOOG. OSTK although not near its highs I feel can take a nice dive early next year. And GOOD investors who have pocketed a nice profit during the year might be waiting for next year to sell again for tax reasons. If anyone has any other stocks that might fit the category please post.
I am looking to get some puts on stocks that people are waiting till next year to start unloading. These would have to be highly speculative stocks that had a huge run up during the 2005 year. My 2 picks so far are OSTK and GOOG. OSTK although not near its highs I feel can take a nice dive early next year. And GOOD investors who have pocketed a nice profit during the year might be waiting for next year to sell again for tax reasons. If anyone has any other stocks that might fit the category please post.