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Despite the sagging overall market, some stocks have managed to buck the trend—in fact, some have even managed to break out to new highs. Dow down 220, pish posh! Here are three breakout plays. Astronics (Nasdaq: ATRO ), a $400 million company that supplies a whole bunch of products to the aerospace industry, has been on a tear lately, breaking out to an all-time high at $49.28. Annual Download a PDF version of this post. revenue growth is in the 40% range, but will moderate to the 10-20% range next year so it’s getting pretty pricey now with a forward PE of 23. But given its recent strength in the face of such a difficult market environment, I wouldn’t short it here. Verisign (Nasdaq: VRSN ) an $8 billion enabler and protector of voice and data networks, just broke out to a 3-year high in the $36 range. The stock is pricey here, but everybody seems to like their recently announced plan to breakup into lots of smaller companies and their price increase has been very gradual so far—a very bullish sign. I’d wait to see how this fares over the next few days before rushing in. Broadcast International (OTCBB: BCST ), a $125 million developer of next generation video compression technology, has been hot lately—ever since they debuted their technology at IBM’s booth at an expo a few weeks ago. Their technology promises to speed up HD-video streaming so it’s exciting and you gotta remember that excitement, momentum and hype is what smallcap “investing” is all about. Out of the three, I’d be most likely to buy this one even though it’s got zero business fundamentals. High risk, high reward, we’ll see—it’s already moved prêt far pretty fast the past week…(they're so tiny they don't even get a chart on Stockcharts.com!) Warning: Look at the tag on this post, these are only potential plays, I have no positions in any of them!

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