It is possible that the I-net sector will lead the way, and if you like playing with fire, then sure, the like of EXPE (only if it breaches $69 or so) could be trophies. My own selection would still be with safe shorts like GM (at $35.5 to $36.5 SL $37.75, suggested it two weeks or so ago), MMM ($127.5 to $128.5 SL at $131 or a little higher), both suggested in the last two weeks or so. IBM in the $82 to $84 area with a stop at $85.5. I think MO is over extended here and running into congestion in the $42 to $44 area (Stop at $44.15), target probably around $35. EK here in the $30.75 to $32 with a stop at $32.5 (closing basis). These are much safer than the like of EXPE, ROOM, KLAC, NVLS and CYMI, which may all drop farther, but if the market reverse, they could kill you.
Mind you, I am not a Grizzly here, and a better tactic would be, IMTO, to find stocks that are reaching bottoms of their range and make the assumption that they will lead the next ramp. I believe COCO and BSTE might be in that class. LSCP near $6 might also qualify, and if you are patient, maybe IDPH could be gotten in the $32/3 and AMGN in the $57/9 area. All these, are of course, long plays.
Zeev
