The past few weeks have been particularly difficult for bulls–here are 5 highflying stocks that are solidly off their recent highs. I woudln’t buy just yet, but these plays could see some upside if and when the markets bounce.
1. Cardica (Nasdaq: CRDC ), surgical equipment maker, 46.27% off October highs
2. Ceragon Networks (Nasdaq:
nce.google.com/finance?q=crnt”>CRNT ), wireless equipment maker, 42.44% off October highs
3. LanOptics (Nasdaq: LNOP ), a provider of network processors, 23.87% off October highs
4. ShoreTel (Nasdaq: SHOR ), offers Internet-based telecommunications systems, 22.65% off October highs
5. Nuance Communications (Nasdaq: NUAN ), speech recognition software maker, 12.34% off October highs
Disclaimer: C’mon, I’ve got no positions in any of these…yet
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