Best, Worst Performers Since the 10/9 Top 14 comments
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The average stock in the Russell 3,000 is down 15.93% since the market peaked on October 9th. Since October 9th, 17% of the stocks in the index are higher and 83% are lower.
Below we highlight the best and worst performing stocks in the Russell 3,000 since the 10/9 top. As shown, RIGL is up the most at 128.26%, followed by SDTH (110%), IDIX (96.43%), MOS (80%) and BZP (76%). If these stocks can register these kind of gains during this downturn, what will they do if the market actually goes higher?
click to enlarge
On the downside, it's been a rough couple of months for stocks like SCA and PLX. Each of them are down more than 90% since October 9th. But they're not alone. There are 131 other stocks in the index that are down more than 50%.
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This article has 14 comments:
I was also delighted to unload my GSK at 52, which I'd bought at about 35 a few years back. I don't think GSK will top 50 again soon.
Wish I'd dumped my VRTX and PFE....
What a stupid comment at least regarding RIGL. This is a highly manipulated stock whose ascent was due to a non-event.
Doesn't matter what the market is doing. It will fall back to under $10 within 6 months.
Did you do your due diligence before you wrote this, or do you just read the charts and statistics?
Most likely.
I have said since September 2007 on this site, that Investors are listening to suspicious over touting by Jim Cramer all through 2007, mislead by the circle of nstk Researchers whose chronic upgrades and wrong ridiculous target prices were never reached, and falling revenue and increased expenses would be compounded with partnerships breaking apart and sending nstk to it's Book Value of $1.93.
As of yesterday, Wednesday, the stock closed back to $2.19.
Hefty profits made by institutions/Hedge funds running it up and then shorting the stock, is my opinion. In 6days the Earnings report comes out, and my summation is that continued New Lows will occur.
Question now is will the Research Firms who cover NSTK continue to
Stand by with their outperform and ridiculous Target prices as NSTK keeps setting new lows?
WHEN IS THE INSTITUTIONS,FUNDS AND RESEARCH FIRMS
GOING TO WAKE UP?
MORNINGSTAR
Nastech 4Q Loss Widens, Has Doubts About Going Concern
3-17-08 5:12 PM EDT | E-mail Article | Print Article
DOW JONES NEWSWIRES
Nastech's financial filings included a note from its independent accountant saying the company's recurring losses and accumulated debt "raise substantial doubt" about the company's ability to continue as a going concern. The company is restructuring its business, reducing its workforce and renegotiating vendor agreements.
**THIS IS WHAT YOU DON’T READ IN THE FINANCIAL REPORT THAT WAS RELEASED!
AS AN INVESTOR, DO YOU KNOW HOW ALARMING THIS IS?
AS INVESTORS GO THROUGH THE ‘MINE FIELD’, ALL THEY HEAR IS
GOOD NEWS AND WONDERFUL COMPLICATED FINANCIAL STATEMENTS.
BUT FRUITION OF MURPHY’S LAW IS EVER PRESENT!
MY OPINION IS THAT NSTK WILL BE A $1 DOLLAR ON THE BID BY AUGUST,
BUT THE ABOVE INTERPRETATION OF MORNINGSTAR IS QUITE ALARMING!
IN STOCK SALE AT $1.73, SO TODAY THE STOCK WENT DOWN FROM $2.18 TO ABOUT $1.40 BY 2:30P.M. I STATED THIS STOCK WOULD BE A $1.00 ON THE BID BY AUGUST 2008 BUT WHAT I'D REALLY LIKE TO KNOW WHO ARE THE INDIVIDUAL OR GROUPS OF IDIOTS THAT WOULD BUY THIS STOCK AFTER THREE COMPANIES DIVORCED THEM, AND HARDLY ANY SALES, AND BURN RATE OUT OF CONTROL. THEY SHOULD THOSE WHO BOUGHT TODAY FOR US ALL TO SEE THE IDIOTS NAMES.
FROM $18 DOLLARS TO $1.40.
DO YOU THINK THE WRITING IS ON THE WALL YET.
NOBODY LISTENS AND I GUESS WHEN THEY READ BANKRUPTCY IN THE WALL STREET JOURNAL, THEN MAYBE THEY WILL REALIZE WHAT HAS HAPPENED!
$7.9 million dollars worth of stock. It would make the guiness book of records for having so many idiots on one page! No wonder companies like this keep lining managements pockets. There are so many gullable stupid people in this world.
AND THAT IF THEY WERE NOT CAREFUL, THAT THEY WOULD GO RIGHT OFF THE CLIFF. WELL IT HAPPENED IN NOVEMBER WHEN THEIR PARTNER BROKE OFF THEIR AGREEMENT.
BY DECEMBER THE NEW TUNE WAS RNAI AND NEW SUBSIDIARY.
BY JANUARY THEIR CHIEF FINANCIAL OFFICER QUIT. TO CUT DOWN EXPENSES THEY FIRED WORKERS BUT AT THE SAME TIME HIRED A WHOLE NEW BOARD FOR THEIR SUBSIDIARY. MAKES SENSE RIGHT?
THEN THEY SELL NEW ISSUANCE OF SHARES TO PAY DOWN EXPENSES,
RAISED $7.9 MILLION BUT THE SMALL PRINT ON THE BOTTOM SAID MANAGEMENT MAY USE MONEY FOR OTHER ITEMS THAT SHAREHOLDERS MAY NOT AGREE WITH.
RNAI IS IN PRE-CLINICAL STAGE. NSTK HAS YET TO ENTER PHASE 1, THEN COMES PHASE 2 AND THEN PHASE 3. BY THAT TIME YOU WILL HAVE CELEBRATED 7 MORE BIRTHDAYS.
IN 48 HOURS THE EARNINGS REPORT COMES OUT. I SAY IT CAN'T BE GOOD BUT DEDICATED LONGS SAY IT DOESN'T COUNT.
IN FACT NOHING COUNTS WITH THEM EXCEPT FAIRY TALES ABOUT NSTK. FROM $18 DOLLARS TO $1.37 NOW AND THEY THE SHAREHOLDERS, EXPECT NSTK TO RISE ONCE AGAIN. IT IS THIS LOYALTY, THIS DEDICATION, THIS DOWN RIGHT STUPIDITY THAT KEEPS MANAGEMENT IN BUSINESS. I COULDN'T HAVE BEEN MORE RIGHT FOR THE PAST 13 MONTHS ON THIS SITE OR ALL THE OTHERS REGARDING NSTK. INVESTORS ARE NSTK'S BEST PIPELINE. IT MAY BE HARD TO BELIEVE $1.00 ON THE BID BY AUGUST 22, 2008, BUT LOOK AT THE FACT THAT AFTER 24 YEARS THE STOCK PRICE IS $1.37 AND THE COMPANY IS NOWHERE. OVERSOLD AND DILUTED.