Nasdaq Leaders

got hit hard this week and there are no signs of a bounce, not yet. This video looks at sellofs which were arguably overdue in shares of Apple Inc. (NASDAQ: AAPL), Baidu.com Inc. (Nasdaq:BIDU), Google Inc (GOOG) and Research in Motion (NASDAQ: RIMM). The overdone argument comes primarily from those who look soley at fundamentals for a company and ignore price action. The fact is ALL stocks experience profit taking and it is likely that further selling is to come for these stocks in the near term. The video below examines technical levels based on moving averages and Fibonacci levels which may provide support in the near future.

potential in CPST