TRID is a Notable New High and ABT is a Notable New Low, both taken from my Stocks to Watch lists. As TRID breaks above $18 it’s worth remembering that at the depths of the bear market (October 2002) the stock traded below a dollar a share.

“Trident Microsystems, Inc. engages in the design, development, and marketing of integrated circuits for digital media applications, such as digital television, liquid crystal display television, and digital set-top boxes. Its products include video decoding, format conversion, MPEG2 decoding, and image enhancement processors. The company serves the personal computer and consumer television markets. It markets its products through direct sales force, independent sales representatives, and distributors worldwide. Trident Microsystems was founded in 1987 by Frank C. Lin and is headquartered in Sunnyvale, California.”

Regular readers of this site know that my favorite sector for long-term investment right now is Big Pharma. Don’t confuse long-term investing with short-term trading.

“Abbott Laboratories engages in the discovery, development, manufacture, and sale of a line of health care products principally in the United States and Canada. The company operates through three segments: Pharmaceutical Products, Diagnostic Products, and Ross Products.”