Some of the high fliers of 2007 have had a tough start to the new year. And the worst performers of last year have fallen even more.
Below we highlight the 25 best and worst performing stocks of 2007 along with their 2008 year to date returns. The Russell 3,000 is currently down 6.48% year to date, so each basket has done worse than the entire index. The best performer last year, FSLR, is down a cool 23% already. Some '07 winners are up this year, however. MOS, CF, TRA, RCCC, CPHD and BZP were up more than 150% in '07 and are up thus far in '08.
The average 2008 percent change of the 25 worst performers in the Russell 3,000 in 2007 is -18%. Just two of the 25 worst performers are up in 2008.
Buying the winners hasn't worked and buying the losers hasn't worked either.