Looking at the numbers it makes sense to avoid these stocks, at the very least. But, for aggressive traders this creates a list of potential short sale candidates.
Here is a selection of stocks with a PowerRating 3 or lower on 03/18/06:
SymbolPowerRating% Gain
NYMX1 -16.14
SSYS2 -6.01
GNBT1 -11.11
ENCY3 -52.48
NVAX1 -9.51
HEB3 -13.44
LEXG2 -7.45
KG]3 -11.69
SOLD2 -7.00
PUK3 -8.67
Over the same five-day period the S&P 500 performance was -0.27%.
As you can see from the table above, it makes sense to avoid stocks with low PowerRatings. It also shows that selling short stocks with low PowerRatings can be a profitable strategy too.Click here to take a free trial of PowerRatings.You can alsoattend a free class on how to use PowerRatings presented by Steve Primo, our Director of Education.
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