MedSource Technologies (MEDT)

Company. MedSource provides "engineering, product development, manufacturing services, and supply chain management solutions to the medical device industry." (company website)

Buy. I bought MedSource Technologies soon after the 50-day moving average stabilized and there had been nice rise on big volume. I expected that it might pull back some, and it did.

Sell.

General comment. Yesterday's announcement by the Fed triggered a general sell-off in the market. The Nasdaq continued the downward trend through the first six hours of today's session. Fearing that this might be the beginning of a substantial Nasdaq correction, I decided to sell several Nasdaq stocks to preserve whatever gains were still left, even though the stocks had been doing well before yesterday's slide.

The big up-day on heavy volume on 26-Jan may have been exhaustion. Or, since today's volume is very slight, it may have just been a normal pull-back. Since becoming aware of the exhaustion phenomenon I may be seeing it where it doesn't exist; I need to get better at recognizing it.

In any case, it seemed prudent to pull out the profits and await further developments with some cash in hand.