Thursday’s extreme selloff makes follow-through on Friday questionable. We will be reducing position size as our anticipation is for some rocky trading.
Choicepoint Inc. (CPS) did not participate in the late day recovery, and looks to be a potential candidate for more tradeable price action on Friday.
Choicepoint
Timken Co (TKR) also failed to benefit from a late day bounce, and will also be of interest on Friday.
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