Reiteration Updates (edition 2)
Last week, I provided a sample of 201 existing UP signals that I felt would outperform the market, at least for a one-week period. I called them “reiterations” and while that is an appropriate term, I want you to know that I consider any signal that did not change from the previous week to be a reiteration. Since I only changed about 350 signals last week, the other 2,650+ signals could also be considered reiterations. The list I highlighted here and on 10/24/06 are a bit different because most of them had been losing signals that I thought had a higher probability of finally getting in gear.
I promised to update the performance of this list as of Monday’s close, but due to forgetfulness on my part, I am providing it as of Tuesday’s (11/14/06) close.
An equally-weighted portfolio of these 201 stocks from the 11/07/06 open until the 11/14/06 close would have generated a 2.19% weekly gain compared to an S&P 500 gain of 0.98%. For the week, 68.2% (or 137 out of the 201 stocks) went up. There were a few big losers in the bunch, with 10 stocks violating Bill O’Neil’s 8% rule and the worst of those (JUPM) coming in at a 37.14% loss. I was extremely disapointed with this aspect of the list as losses that large over a one-week period are very rare for me. Hopefully, my suggestion of tight stops would have caught these during their freefalls. Other than the worst 10, I was pleased with the distribution of the other losers: 56% were less than 3% and 86% were less than -10%. Regarding the winners, 61% were between 0 - 5%, 29% between 5 -10%, and 10% were above 10% gains.
A quick note on the original list from 10/24/06. That portfolio, if equally-weighted, would have had a gain since the first posting of 5.67% vs. 1.18% for the S&P 500. I won’t bore you with the details, but 72% of the 178 signals were winners with 10 signals losing between 8% and 20%. So, a few blowups, but not as bad as the second list.
Note that a few of these signals have changed to DOWN in the meantime, but I am including their performance as if they had been part of a buy-and-hold portfolio. There is not much worse than using an old list for new ideas, so please don’t consider either of these two lists to be good entry points when you happen along this post. I only provided these to show off a bit and give you a tease of what you will find if you register for the FREE trial or become a subscriber. From time to time, I might provide another list of reiterations and I will definitely provide periodic and brief updates of the first two until too many of the signals have turned to DOWN.

RSS Feed