Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investing for the January Effect 2000 -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (104)	2/22/2000 11:16:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 109

I have looked at charts and T&S of several companies during the last years and it appears that latest Nov 15th and the followin g few days a turnaround in stock price begins in earnest. This year, it applied to small caps (or low priced stocks) with the biggest effect. Many of the highfliers started their run mid November: Of my few favorites: MALL turned around Nov 17th, MZON put out its buy signal Nov 15th. On the 15th, GNET started its run which led it first ahead of the previous (Aug, Sept) resistance at 72 (it was also sold off in October, marking a small bottom). In 1998, Mall started its run with a gap on Nov 13th. Bigger issues like Yahoo, DITC, etc put out buy signals around Nov 8th (in 1999). Also FNDT (which was sold off heavily in October) signalled on Nov 8th. In general I fared well with buying fundamentally sound but beaten off stocks at or shortly after Oct 31th. Earnings related sell offs (FNDT, MDLK, ASPX, CMNT) appearently don't count, if they happen in October. Viable criteria for a scan would be: -Stock sold off to the End of October, and preferredly in the September Quarter. -Institutional ownership 50% of the float or bigger (rather than OS). -PB >> 1 ("value" stocks should be excluded). -a discrete sector restriction should be applied. (This year's experience was that Online brokers, apparel/retail stores and healthcare were cold stocks while internet/infrastructure/security and biotechs were hot). The P/B restriction can exclude such outright "dogs" regardess of sector. -The stock price is not necessarily a criteria. Presence of convertible/preferred stock can actually be a help because it ensures "interest" in the stock and a subsequent price hike.