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Telescan Issues Weekly Roundup of Market Leading Stocks; 'What's
Working Now' Targets Stocks in Up and Down Trends
HOUSTON, Aug. 21 /PRNewswire/ -- Telescan Inc. (Nasdaq:TSCN) today introduced a weekly roundup of stocks across
all major U.S. stock exchanges that are likely to continue their market leading upward or downward trends.
The ``strongest'' and ``weakest'' stock lists are available under ``What's Working Now(TM),'' the new premium feature of
Telescan's Wall Street City(TM) site on the World Wide Web. Telescan uses its proprietary technology to perform 25 million
to 30 million searches a week to identify current market criteria producing the strongest and weakest results and which stocks
most closely match the criteria.
Telescan Chairman and CEO David Brown said, ``By using very complex computer scans, and searching hundreds of different
variables such as momentum and insider selling, we test and backtest to find the investment criteria that produced the strongest
and weakest results, ultimately compiling a list of stocks every week that appear to have the best attributes for future stock
growth or decline.''
The criteria for this week's strongest performing stocks include, among others, high cash/price ratio and high three-year sales
growth. The criteria for the weakest performing stocks include high price/sales ratio, low return on assets, and low institutional
ownership.
A favorite of investors on the long and short sides, Telescan also breaks out the 25 best and worst stock performers on each
major exchange. The performance breakout, as well as mutual fund rankings, international stocks, research and trading
information are available on Telescan's World Wide Web site: www.wallstreetcity.com.
Wall Street City, the only Internet-based financial website, today gives its users the ability to do technical analysis, lets investors
build multiple portfolios and link the stocks to an innovative stock ticker. It will even alert users with an e-mail on closing
portfolio prices, significant stock movement and news.
Telescan, based in Houston, is an industry leader in providing innovative solutions for online technology, data retrieval and
Internet services. The company develops and operates major online networks and Internet sites serving the financial, publishing,
entertainment and technology-transfer industries.
This week, the 10 stocks that best match the strongest criteria selected by Telescan are optionable stocks. The stocks in rank
order are:
1. 3DO Co. (THDO)
2. Raymond James Financial Inc. (RJF)
3. Bear Stearns (BSC)
4. Money Store Inc. (MONE)
5. Innovex Inc. (INVX)
6. Danka Business System PLC (DANKY)
7. SunAmerica Inc. (SAI)
8. Aames Financial Corp. (AAM)
9. SCI Systems Inc. (SCI)
10. Creative Technology Ltd. (CREAF)
This week, the 10 stocks that best match the weakest criteria selected by Telescan are also optionable stocks. The stocks are:
1. Immunogen Inc. (IMGN)
2. Copytele Inc. (COPY)
3. Fastcomm Comm Corp (FSCX)
4. Cytogen Corp. (CYTO)
5. Medarex Inc. (MEDX)
6. Epitope Inc. (EPTO)
7. Retix Inc. (RETX)
8. Celgene Corp (CELG)
9. Enserch Exploration Inc. (EEX)
10. Drexler Technology Corp. (DRXR)
SOURCE: Telescan Inc.
More news for referenced ticker symbols: TSCN, and related industries: banking, internet.
Additional news and quotes:
AAM
Aames Financial Corp
CELG
Celgene Corp
COPY
Copytele Inc
CREAF
Creative Technology Ltd
CYTO
Cytogen Corp
DRXR
Drexler Technology Corp
EEX
Enserch Exploration Inc
EPTO
Epitope Inc
IMGN
Immunogen Inc
INVX
Innovex Inc
MEDX
Medarex Inc
MONE
Money Store Inc
RJF
Raymond James Financial Inc
SCI
SCI Systems Inc
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