04-05-2014, 04:57 AM
"It's a surprise how violent the selloff in some of these momentum stocks is. They have had an enormous run up, and you can come up with all kinds of things as reasons. But my sense is if you need to sell something to pay the big capital gains from last year ... they might be good candidates to sell," said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago.
U.S. momentum stocks sell off for 2nd day; Nasdaq down 2 pct - Yahoo Finance