What's Cold on Monday, February 8th, 2010 From the Micro Cap World
Tags: Micro caps
It wasn't hard to find a losing stock on Monday, but the large caps that are losing ground - the ones that the media stays on top of 24/7 - may also be the ones leading a rally tomorrow. The stocks that are in serious trouble and represent shorting opportunities or dangerous long holdings are from the micro cap world.
Monday's biggest losers from the small end of the stock size scale are:
- Advanced Environmental Recycling Tech. (NASDAQ: AERT): - 11.1%
- U.S. Concrete, Inc. (NASDAQ: RMIX): - 6.9%
- WHX Corporation (NASDAQ: WXCO): -6.0%
Advanced Environmental Recycling Tech. plunged on no news, but the move is only part of a longer-term downtrend. U.S. Concrete, Inc. fell sharply, but on no news. RMIX may have been slipping in advance of its upcoming earnings announcement (set for March 4th)... perhaps news was leaked. WHX Corporation fell sharply with no explanation or reason.
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