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As a contributor to the New Low Observer (, we intend to give new insights on a low risk approach to trading in dividend paying stocks for tax deferred accounts. The New Low Observer ( is not intended for... More
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  • S&P 600 Index Additions And Deletions From 2003 & 2004

    The following is the S&P 600 Index additions and deletions from 2003 & 2004 (Additional Index changes from 2005-2013 found here):

    Date* AddedDropped
    3/28/2003 Flowers Foods (NYSE:FLO)Fair Isaac (NYSE:FICO)
    3/27/2003 Spinnaker ExplorationAmeriPath
    7/15/2003 J2 GlobalAllen Telecom
    8/27/2003 iDine RewardsImPath
    8/27/2003 WebEx Comm.Nautica Enterprises
    10/31/2003 ManTech Intl. (NASDAQ:MANT)Zebra Technologies (NASDAQ:ZBRA)
    10/31/2003 Guitar CentersScotts Co.
    11/12/2003 United Surgical PartnersRaymond James Financial (NYSE:RJF)
    Date* AddedDropped
    2/23/2004 Select Comfort (NASDAQ:SCSS)Cephalon (NASDAQ:CEPH)
    3/31/2004 Sterling Financial (NASDAQ:STSA)Ryland Group (NYSE:RYL)
    4/1/2004 BioLase Tech. (NASDAQ:BIOL)Thor Industries (NYSE:THO)
    4/30/2004 Longs Drug StoreHuffy Corp
    6/24/2004 LabOneNew England Business Services
    6/30/2004 Viad Corp (NYSE:VVI)Cross (A.T.) Co. (NASDAQ:ATX)
    6/30/2004 Digital InsightMidway Games
    6/24/2004 BankAtlantic BancorpInaMed
    7/8/2004 Sorvan Self StorageKroll Inc.
    7/8/2004 DJ OrthopedicsCima Labs
    7/22/2004 PrivateBancorp (NASDAQ:PVTB)Prima Energy
    7/23/2004 Bradley PharmaceuticalSeacoast Financial Services
    8/26/2004 Community Bank Systems (NYSE:CBU)Urban Outfitters (NASDAQ:URBN)
    8/31/2004 Kensey NashWet Seal (NASDAQ:WTSL)
    10/25/2004 Parkway Properties (NYSE:PKY)Community First Bankshares
    11/12/2004 CRT PropertiesQRS Corp.
    11/12/2004 GameStop (NYSE:GME)Three-Five Systems
    11/12/2004 SFBC InternationalFLYi Inc.
    11/23/2004 AltirisNetegrity
    11/30/2004 Sonic Automotive (NYSE:SAH)Techne Corp.(NASDAQ:TECH)
    11/30/2004 LCA Vision (NASDAQ:LCAV)NUI Corp.
    11/30/2004 Neenah Paper (NYSE:NP)SCM Microsystems
    11/30/2004 Stage Stores (NYSE:SSI)Information Holdings
    12/6/2004 CeradyneInVision Technologies
    12/17/2004 Superior Industries (NYSE:SUP)Steel Dynamics (NASDAQ:STLD)

    *Date either reflects when the stock was added/dropped to/from the index or when it was announced that the stock would be added/dropped to/from the index.

    Source: Standard & Poor's press release 2003-2013

    S&P Index Changes:

    Jun 11 4:16 PM | Link | Comment!
  • Netflix Added To Nasdaq 100...Again

    We have always maintained that those who administer the composition of stock indexes such as the S&P 500, Dow Jones Industrial Average, Nasdaq Composite do so in the fashion of rank speculators.

    As further proof, it was announced that Netflix (NASDAQ:NFLX) will be re-introduced to the Nasdaq 100 Index (found here). Below is the charting of Netflix (NFLX) being added and dropped from the Nasdaq 100 Index:

    (click to enlarge)

    In our article titled "Virgin Media Gets and Offer and Other Important Lessons" we said:

    "Look for Netflix (NFLX) to be one of the two stocks added to the Nasdaq 100 index as the stock is twice the price that it was when it was booted from the Nasdaq 100 Index in December 2012, less than two months ago."

    In our article titled "Nasdaq 100: 2012 Re-Rank Review", regarding the 2011 changes to the index, we said:

    "As was the case in previous changes to the Nasdaq 100, the stocks that were added could not exceed the returns of the stocks that were dropped from the index."

    Also regarding the 2010 changes, we said:

    "In the middle of a bull market run, the stocks that were added to the Nasdaq 100 Index on December 20, 2010 (found here) have underperformed by a wide margin when compared to the Nasdaq 100 over the last 2 years."

    Finally adding:

    "However, as we've indicated with the Dow Industrials in the past (found here and here), being added to an index usually occurs when a stock has already seen its best performance and is far likelier to decline than rise over the medium term (1-3 year period)."

    The Nasdaq 100 and the Nasdaq Composite Index are not below their respective 1999 peaks because the companies in the index haven't rebounded. Instead, as we've demonstrated regarding the Dow Industrials from 1929 to 1954, the indexes are below the 1999 peak because the selection of stocks to be added to the index at their high price and popularity instead of near their low price and solid valuations.

    (click to enlarge)

    Tags: NFLX, NFLX
    Jun 02 10:03 AM | Link | Comment!
  • NetApp (NTAP) Is A Sell

    On our November 2, 2012 Nasdaq 100 Watch List, we said the following of NetApp (NASDAQ:NTAP)(found here):

    "On January 12, 2012, we assessed the points at which an investor could take advantage of the decline of NetApp (NTAP). At the time, NTAP was trading at $36.85 and we suggested that the stock would be a good buy at $30 and $23.47. Afterwards, NTAP increased +34.5% to the March high and the fell below the Jan. 12th price. After falling slightly below the $30 level, NTAP rose +20% to the September high. Anyone who has not participated in the $30 purchase price can do so at the current price and potentially at the $23.47 level."

    (click to enlarge)

    With a gain of +38% in 6 months, exceeding the historical average for stocks over any timeframe, we recommend selling NTAP. Those wishing to continue to participate in any additional upside should only sell the principal portion for a reasonable "risk free" return.

    Tags: NTAP
    May 16 3:13 PM | Link | Comment!
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