PatternDNA Long & Short Update from March 25th
Seeking Alpha Analyst Since 2010
Last week's ten stocks came from Kapitall and featured downtrending stocks with low cash to operating expenses. Last week's best-of-the-bunch, PAETEC Holding Corp (PAET), was the second best performer on the week finishing 3.1% higher. Best of the bunch was Cedar Shopping Centers (CDR) at +3.8%.
The two stocks with a bearish projection:Target Corp (TGT) and U.S. Airways (LCC) had a more mixed week. The former closed the week down -1.1%, the latter finished slightly higher at +0.2%. Not a great return, but at least offering some consensus to projections.
In total, PatternDNA got 63% of projections correct and performed well given the net Return across the 10 stocks was quite low. The worst performing stock finished down -3.1% while the best was up +3.8%. In the prior week, the worst performing stock lost -25.1% and the best performing stock finished up 15.2%!
The overall projection (from the 10 stocks) for 1-, 2- and 5-day Performance was a coin toss - so nothing to add in this respect.
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