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The Chartman

Ringing in the New Year With Oversold Stocks

By The Chartman FOXBusiness

On the recent Follow the Money 2012 special, I made a few picks I thought would do well this year. And at least for a couple of them, so far, so good. Before I get to those, however, let’s look at the solid start the Dow has had. 

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As you can see, I think there’s still some room to run, and 12700 seems reasonable in the next few weeks. 

As for the picks, two of my favorites were Netflix (NFLX) and Bank of America (BAC). Both fall into my “I use ‘em” vein, and had the additional benefit of being deeply oversold.

BofA was a bit riskier, but again: as long as my local branch stays open, I figure they’re fine as long as I’m patient!

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Next week, I’ll take a look at a few more of my 2012 selections.

What do you think?

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