Generally when your former leadership stocks begin breaking down en masse, it is not a rosy sign. I've pulled a handful of names where the 'growth' crowd has hidden for much of the past few years – the action is horrid as all of these have broken before the most important long term moving average: the 200 day.
I am not including the Caterpillars (CAT), Cummings (CMI), or Eatons (ETN) of the world as they are cyclical multinational types, but have also been a haven for the 'global growth' crowd.
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
