The first quarter was a fantastic three month period for holding stocks. The best performers in the US stock market were:
"Star Scientific, Inc. (Public, NASDAQ:CIGX) takes top honors with a gain of 264%. InterMune, Inc. (Public, NASDAQ:ITMN) isn't far behind with a gain of 242%. Star Scientific, Inc. and InterMune, Inc. are the only two Russell 3,000 stocks that gained more than 200% in the first quarter. After the top two places come three Consumer Discretionary stocks -- Ruth's Hospitality Group, Inc. (Public, NASDAQ:RUTH), Tuesday Morning Corporation (Public, NASDAQ:TUES), and Quiksilver, Inc. (Public, NYSE:ZQK). And after these three come four Financial sector stocks -- Strategic Hotels & Resorts Inc. (Public, NYSE:BEE), The PMI Group, Inc. (Public, NYSE:PMI), Radian Group Inc. (Public, NYSE:RDN), and American Capital Ltd. (Public, NASDAQ:ACAS)."
These overbought stocks can very well be a list of stocks to consider some short lines in the next few weeks.