While the market is modestly lower this morning, there are some interesting stocks on the move that have been covered here previously…
First Marblehead is up over 5% today. The only news out is that the company hired a new VP of marketing, but I believe the behind the scenes news is that liquidity is returning to the market which will regenerate student lending volumes.
Lululemon is breaking to another new high while i sit on my hands. While discipline often means selling stocks that are not trading properly, discipline also means leaving positions on that are running even when everything inside of you wants to take profits.
LKQ Corp may have completed its handle near all time highs. It is up 2.5% so far today and is sitting just under its previous highs.
Starent continues to ride the wave from Friday’s analyst report. the stock is up another 5% and is approaching its August high just above $24.
Trade ‘em well and remember to operate with discipline and focus.
update 10/2
