"Many NASDAQ and momentum growth stocks continue to be battered here, even as some announced 40% and 50% revenue gains. You need to be strong here, and hold your positions and purchase more shares if you are a growth investor."

Dow Jones Industrial Average  16,512.89 (UP) Week Ending 05-02-2014
Dow Jones Industrial Average  16,538.34  (UP) Week Ending 05-02-2014

NASDAQ on 4-3-2014  4261.41 ................ NASDAQ on 5-9-2014  4071.87  (Down!!)

 Lieutenant Dan Taylor in the movie "Forrest Gump" stood atop the crow's nest during a wicked hurricane and defied the storm and God saying, "is that all you got?", with the ravages of the storm pounding their shrimpin' boat, (as Forrest called it). The other boats which stayed in at dock were all destroyed, but Lieutenant Dan and Forrest went out to sea during the storm and survived. They ended up with a gigantic windfall, being the only ones that were able to collect up all the shrimp making them very rich. He was also able to help the family of his dear friend Bubba. Some of Lieutenant Dan's other wisdom includes: "Always keep dry socks on when in the jungle."

You need to be strong here today and "Hold your growth stock positions in this selling storm." You own shares in extremely fast growing companies. Your "dry socks" should be that extra cash that you have set aside for just such an occasion to purchase some Momentum stocks that have fallen out of favor here.

As you see in above Averages numbers, the DOW has been just fine, but the NASDAQ has been under a selling siege. So that is the place that I would go for bargains to buy.  Here is a small list of some great momentum stocks that are served up at a discount: 

Twitter (TWTR). Yes I know I have bashed it many times here earlier, but at $30.08, at $8.00 below the public offering price, it was a no brainer to purchase it.

Stratasys LTD. (SSYS).  Reports a 54% sales gain and the stock drops all the way down to $89.90, down from a 52 week high of $138.00.

ExOne (XONE). A small cap 3D printer stock trading at $32.14 coming down from a high of $78.80 in one of the fastest growing segments.

Here is a list of others that you will want to pick up.  Under Armour (UA), Synaptics (SYNA), 3D Systems (DDD), Invensense (INVN), Myriad Genetics (MYGN), Dorman Products (DORM), Manitex International (MNTX), Mannkind (MNKD), Lionsgate Entertainment (LGF), Cree Inc. (CREE), Yahoo (YHOO), Whole Foods Inc. (WFM), Ironwood Pharmaceuticals (IRWD).  There are also many, many others that could be added to the list here. Not all these stocks meet my PEG or ROE criteria, buy they are compelling values at their current prices.

In his movie, Forrest Gump conveys, "My Momma always said, life is like a box of chocolates: you never know what you are going to get."

Well, Happy Mother's day, Momma Gump.  With the list provided here, there may be some ups and downs, but you pretty much do know what you are going to get. In a year or two, you should be very happy with the purchase of any of these high growth stocks. Be strong like Lieutenant Dan, and defy the storm!

Happy Mother's Day, to all the Moms out there around the world.

Freewilly