Alan Young

Are 'Phoenix' Stocks Getting Ready to Rise?

The idea behind your screen is an interesting one. Although a rising tide lifts all boats, the boats with the lightest cargo might lift the fastest. It might be useful to add more criteria, perhaps something about debt/equity ratio.

The note about European pension funds is useful, but I don't know why you call it bullish. Capitulation by retail investors is bullish, but when institutional investors withdraw from the market, it seems to me that only makes prices softer. Eventually, this money may return, but who knows when?

Boon's point is well taken, too. Many of these companies won't come back because their product is no longer valued.