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Byline: JONAH KERI
The Nasdaq's recent decline knocked a lot of leading stocks off their collective perch. But with stocks now trying to make their way back up, now's not the time to give up and lose track of the market.
Just the opposite. The market's pullback gives you a chance to start fresh. If you sold out of your positions, or at least eased off margin and cut back, you've now got fresh cash to work with.
To find a good home for that cash, it pays to prune your watch list. As the market rose through much of 2003 and early 2004, a lot of the stocks on your watch probably surged well out of buying range. Others may have fallen hard and now sit way too far off their highs to be considered for near-future buys.
So while the Nasdaq works its way back into shape, you can clean up your watch list too. The IBD 100 is a good place to start.
The list covers stocks that outperform the broader ...