Saturday, November 19, 2016

I'm a loser baby, so why don't you kill me?




We're taking a look at the items that were big losers two weeks ago to see how we might have done if we had picked them up. We looked at five items:

1. McKesson Corporation
2. Synaptics, Incorporated
3. World Fuel Services Corp.
4. AmerisourceBergen Corp.
5. Novo Nordisk A/D

In five out of six cases, the items did recover some amount. It is a small sample, but at least our top picks were up, and if we had gone all the way with all the stocks we picked, we would have been up. Of course, these are all domestic stocks and we just went through a presidential election, so there are probably some things that are skewed.

Here's how they shook out

Date we pulled the data How far they were down on that date How far much they've changed as of now (11/19/16)
McKesson Corporation (MCK)  10/28/16 -22.7 12.80%
Synaptics, Incorporated 10/28/16 -22.4 3.20%
World Fuel Services Corp.  10/28/16 -13.7 8.90%
AmerisourceBergen Corp.  10/28/16 -13 14.60%
Novo Nordisck A/D  10/28/16 -12.9 -9%
Skechers 10/21/16 -20 approx. 17.10%


Going through the same exercise for today, we looked at the major losers for yesterday, Wins Financial Holdings, Gap, AveXis, Supernus Pharmaceuticals, and G-III Apparel Group. We are trying to find stocks that we believe may be seeing a short term loss. These top five have experienced recent gains preceding the losses. This makes it look like this is just some price adjustment going on. This means that the top five losers don't meet the cut for what we're looking for. In other words, we don't think that these stocks are going to jump up in the short term. Or at least, they would require much more investigation than what we're trying to do right now.

It is interesting that the ones that we looked at this week didn't match what we looked at last time. The stocks that we picked as potential buys in the last few weeks, still look good. Maybe this is a good method for us. 



Profit!

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