REVISED: POWs, NASDAQ, RUSSELL 2000 10/24/97-11/19/97
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sigh. first off, I think my posting this info was greatly misunderstood.
1) I am NOT trying to "prove" anything.
2) I am NOT saying POW stocks are bad.
3) I am NOT trying to treat the POW stocks as a DIS mutual fund.
4) I am NOT trying to make anyone feel bad.
5) I am NOT looking for short term gains on POWs, and am NOT trying to say the POWs failed in any way.
6) I AM trying to provide an alternative view to performance of POW picks during a severe market downturn and subsequent rally.
7) I AM trying to make people think of POW stocks not as automatic investments (ie mutal fund) but as stocks which one should always do DD by oneself, as well as track by oneself if invested, as well as make sure to have a good idea of time frame, goals, and loss limits.
8) I AM doing this for my own personal interest as well -- I for one am impressed by some of the stocks that have performed well: for example, SEEQ-- lots of people have been feeling that SEEQ has been in trouble lately; but look at it's performance during the market correction! And I for one find the performance numbers very interesting.
If *I* were to invest in a POW, I would have at least a 3 month time horizon for the short term goal (whichever came first), OR, if I went down a certain % and certain trendlines were broken, I'd be out.
I am making no recommendations here. My list below is statistical in nature and makes no recommendations by itself. I wanted to make people think and discuss, not just dismiss the whole thing just because I happened to compare them to the Dow, or I added up all the performance numbers together.
Well, this will be my last post on this subject. I wanted to repost the list though compared to NASDAQ and the RUSSELL 2000 since I seemed to be ridiculed for comparing them to the Dow. You might be surprised to find things didn't change that much.
NASDAQ
10/24/97: 1650.92
11/19/97: 1601.22
Change: -3%
russell 2000
10/24/97: 447.53
11/19/97: 430.69
Change: -3.8%
POWs (in order of performance, picks before 10/24/97 only)
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POW 10/24/97 11/19/97 Change
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----->BEAT THE NASDAQ, RUSSELL2000
RECY 6.25 7.00 +12%
RADAF 13.94 15.50 +11.1%
SEEQ 3.47 3.75 +8.1%
ATPX 13.4 14.13 +5.4%
MLOG 7.25 7.38 +1.8%
APCO 6.0 5.84 -2.7%
HURC 8.63 8.38 -2.9%
---> BEATEN BY NASDAQ, RUSSELL2000
BOSCF 5.84 5.38 -7.9%
MTON 8.75 7.94 -9.3%
CADE 3.13 2.75 -12.1%
TRIBY 2.81 2.44 -13.2%
NOIZ 3.38 2.81 -16.9%
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(totals will not be shown since i don't want to imply this is a mutual fund.)
-dave |
