Monday, January 14, 2013

Back from the Dead and to Work

Back in the office after having the flu all week. FARO and ALGN have gotten hit hard. FARO on news its Senior Vice President was being eliminated. No news on ALGN but definitely don't like to see so much weakness on a failed breakout of the $29 level. I will have a tight leash on these positions if I don't see significant strength in the next day or two. I still like the story of these stocks, but obviously the price action is telling me I'm wrong for now. I will look to reallocate assets into OPEN which is performing well on its breakout of $50 and SODA which looks ready to breakout above $50 as well.

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