Wall Street quiet as solar eclipse takes center stage >>> READ MORE

7 Most Dramatic Market Charts of 2011

This group of bars and lines is worth a thousand words

      View All  

High Fliers Flame Out Spectacularly

One of the most-respected chartists out there via his newsletter, The Steady Trader, InvestorPlace.com contributor Serge Berger couldn’t help but point out the painful memories of momentum stock investors in 2011 — and what it means for the new year.

“High-flier or beta-chaser stocks like Netflix (NASDAQ:NFLX), First Solar (NASDAQ:FSLR) and Sina.com (NASDAQ:SINA) came to a hard landing as global economic slowdown and Europe debt crisis fears became front-page news,” Serge writes. “As a result, many trend-follower funds had a very difficult year. At the peak this year, all of these stocks gave off a strong odor of ‘bubble.’”

Article printed from InvestorPlace Media, http://investorplace.com/2011/12/most-dramatic-stock-charts-2011-technical-analysis/.

©2017 InvestorPlace Media, LLC