Hopefully it will perform better for the Index than Covad did. Rapid mood swings. That sums up the state of the FOCB Index lately. Two weeks ago, every stock in the Index went up, sending me into an almost orgasmic state of being. Last week I plunged into the pit of despair as only four stocks in the Index rose.
Manic depression's a frustrated mess.
Well, I'd be wary of chasing the momentum here. There was no news to justify the pops in these stocks, and these companies are still suffering from that painful dot-com affliction known as noprofititis. Stay away from these stocks. And last but not least, I'd like to offer thanks to the readers who critiqued my rotisserie baseball team after I provided a link to it in last week's column. One reader strongly suggested that I immediately drop Marvin Benard, the woefully inept lead-off hitter for the San Francisco Giants.