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Strategies & Market Trends : Super Stocks

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To: Cary Chubin who wrote (140)	10/2/1997 2:18:00 PM
From: Jeff Maresh	of 269

Cary - Re: Zacks as a contrary indicator.... > Have you any "proof" to support your finding? Remember that Zack's ranks are based a lot on earnings momentum. A high rank (1) means high positive momentum. A low rank (5) means impending doom. When AMAT was at $24 last summer, SGI was at $13 in April, and KMAG was at $15 recently, the Zacks ranks were all 5. (SGI may have been a 3 at that time but somewhere in there it was a 5) As of last week when I dumped my AMAT at 100 3/4, the stock was rated a 1. SGI having since doubled is now rated a 1. This accurately reflects their earnings momentum model since all of these companies had earnings problems/uncertainties at that time they were ranked 5. This is why I use it as a contrary indicator to find bargains. But yes... Old Ben Zacks would probably roll over if he knew how I was using his system! ;-) Regards Jeff

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