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ASMI, WOR, KNSY, PSYS, AAP and Other New Names
Posted on June 19, 2008
Something happened today but we'll have to wait a few days to see if it's real. The change I'm writing about is the change in the names appearing on the various scans I run. You may remember a couple of posts recently where I talked about what appeared to be some industry rotation and some new non-energy names sneaking on the scan lists. The amazing thing today is that most of the names on those scan lists were new and, with today's 4-5% decline in the price of crude and the move to eliminate oil subsidies by China, energy stocks took a drubbing.Whether it was scanning for 12-mos. or 4-yr. ...
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