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A Shift But Same Behavior
The momo crowd and the analysts that support them have shifted from tech stocks to a different group of stocks but the behavior of the momo crowd and their analysts over all has not changed. Let’s explore with the help of a chart.
Please click here for a chart of Herman Miller (MLHR).
Note the following:
- MLHR is primarily a supplier of office furniture for commercial purposes. They do have a relatively small residential division.