To: LastShadow who wrote (60 ) 8/29/1998 2:17:00 AM From: Dave Shares Read Replies (4) | Respond to of 43080
Previous Steady Gaining Stocks I have been posting and updating a list of stocks that had been previously posted as having made steady gains over the past twelve 25 day trading periods, in response to a request for such a list. I have been asked me to keep track of these periodically. Here is the latest update. SYMBOL ORIG ORIG CLOSE CLOSE WEEK PCT. CHANGE PCT. DATE PRICE PRICE PRICE CHANGE CHANGE FROM 8/21 8/28 WEEK ORIG AEOS 07/10 47.750 45.750 39.062 -6.688 -14.62 -8.688 -18.19 BBY 07/10 45.000 52.062 43.125 -8.938 -17.17 -1.875 -4.17 CMCSA 07/02 41.875 45.438 42.125 -3.312 -7.29 0.250 0.60 CMCSK 07/02 43.062 45.875 42.875 -3.000 -6.54 -0.188 -0.44 COX 07/02 47.250 48.000 44.125 -3.875 -8.07 -3.125 -6.61 CTL 08/07 49.375 47.625 47.000 -0.625 -1.31 -2.375 -4.81 CYCL 07/10 41.125 40.000 38.438 -1.562 -3.91 -2.688 -6.53 DRI 07/17 17.375 16.438 15.500 -0.938 -5.70 -1.875 -10.79 HD 07/10 48.500 42.875 42.438 -0.438 -1.02 -6.062 -12.50 KTIE 08/21 19.750 19.750 15.312 -4.438 -22.47 -4.438 -22.47 LNCR 07/24 39.688 40.062 37.000 -3.062 -7.64 -2.688 -6.77 MERQ 07/02 43.750 42.000 36.500 -5.500 -13.10 -7.250 -16.57 MLI 07/17 38.500 33.562 29.000 -4.562 -13.59 -9.500 -24.68 OMC 06/24 49.000 56.938 52.750 -4.188 -7.35 3.750 7.65 PMS 08/07 45.938 43.500 41.812 -1.688 -3.88 -4.125 -8.98 RAD 07/10 40.500 42.688 40.938 -1.750 -4.10 0.438 1.08 SFSK 07/10 44.375 40.875 36.438 -4.438 -10.86 -7.938 -17.89 SKYW 07/10 29.875 27.250 24.188 -3.062 -11.24 -5.688 -19.04 TCOMA 07/02 38.375 36.125 34.938 -1.188 -3.29 -3.438 -8.96 UMG 07/24 45.438 48.625 45.375 -3.250 -6.68 -0.062 -0.14 Notes: This list was begun in late June. I used criteria which would have required a stock to have performed well through the October, 1997 correction, the theory being that a stock that held through that period and continued to make gains would be resilient through a subsequent correction. By the way, it is worth noting here that Last Shadow, who motivated me to starting this list, basically predicted the Russian ruble crisis as being a key factor in a subsequent correction, which has turned out to be very accurate. Anyhow, while the listed stocks above seemed to have pulled through the October, 1997 correction, they certainly have been hit hard by this correction, which I submit has been of a more significant degree than what was experienced in October, 1997. In prior weeks, I would have dropped many stocks from this list as having violated the trend line. If the goal of this exercise was to have found correction-proof stocks, then this exercise has not been successful. I have yet to analyze the characteristics of stocks that have not been pummeled over the past few weeks, and hopefully someone will do so and we will learn from that. I would assume that these will not be many, and may have special reasons for having withstood the impact of this current correction. Having stated all this, I am only dropping stocks from this list (KTIE,MLI) which have fallen through support. Some of the others being kept on the list have violated the trendline, and some are still in an uptrend despite recent losses. I want to follow the rest of the issues here to see how strong they rebound in a subsequent rally (if there is one), or how well they perform in a continued correction. I will continue to drop from this list as support is broken. Needless to say, the scans I am using have not selected any new stocks to add to this list for the current week. I am sure you are all surprised by this. I have generally intended for this to be more of a study list than a watch list, but I would suggest watching these stocks in a rally as possible trade candidates. David p.s. I will post the other list of stocks above support over the weekend. Still screening.