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Monday, November 02, 2009
Rich Smith :: Townhall.com Columnist
Rocket Stock or Dud?
by Rich Smith
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Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


"The bigger they are, the harder they fall." It's the worst nightmare of every investor in today's market -- buying a rocket stock just before it takes a nosedive.

I readily admit that sometimes, stocks rise for a reason. But sometimes, the rise becomesthe reason. No matter how often we caution them not to, investors do have a habit of buying "hot" stocks, and trusting momentum to keep 'em moving upwards.

Alas, if the price goes up too much, even a great company can turn into a lousy investment. Below, I list a few companies that may have done just that. According to the smart folks at finviz.com, these stocks have more than doubled since the beginning of this year, and just might be ripe to fall back to earth.

Company

 

Recent Price

CAPS Rating (out of 5):

ATP Oil & Gas  (Nasdaq: ATPG)

$17.31

*****

Walter Energy (NYSE: WLT)

$58.50

****

Coeur d'Alene Mines  (NYSE: CDE)

$20.08

***

Oshkosh (NYSE: OSK)

$31.26

**

Palm (Nasdaq: PALM)

$11.61

*

Companies are selected by screening for 100% and higher price appreciation year-to-date on finviz.com. Five stars = highest possible CAPS rating; one star = lowest. Current pricing provided by Yahoo! Finance. CAPS ratings from Motley Fool CAPS. Continued...
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About The Author

Rich Smith is a business writer with the Motley Fool.

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