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About the Screen

The Shadow Screen is a screen focusing on MicroCap stocks that the American Association of Individual Investors believes will tend to outperform the market. Typically they are getting little to no attention from the financial press. To qualify for the screen these securities must trade on the New York Stock Exchange, the American Stock Exchange, Nasdaq National Market, or Nasdaq Small-Cap Market.

Shares must trade for at least $5, with little institutional ownership. Earnings must be positive for at least the last four quarters, and there must be at least three years of financial history. Financial and Investment firms are explicitly left out. For more information check with the American Association of Individual Investors


Criterion for Buying and Selling

Buying:
Securities are bought when passing the Screen Criteria

Selling:
Hold required if passing shadow criteria

Sell conditions:

  • Reuters Warning = High
  • Quicken rating of 2 or less
  • Negative Earnings
  • Return on Assets is negative
  • Return on Equity is negative
  • Earning per share is negative
  • Selling price has been met

Target selling price is met when the price of the stock is 120% of the purchase price.

Current Portfolio
Edit

As of 11/7/2008



Cash Position = -497.53
Portfolio Value = 190.66
13 Wk Gain = -33.9%
26 Wk Gain = -30.59%
52 Wk Gain = -39.28%

From 1/6/06 to 4/18/08

Shadow

Commentary
Edit

Looks like we may have stabilized into a 40 pt. trading range. Since the beginning of the year, the trading range for the group has been ranging from 260 to 300. Looking at the graph, the pattern has repeated three times, and appears to be in the process of repeating it a fourth time. Maybe things will get better in 2009. --Kirk 23:46, 25 August 2008 (UTC)

Unfortunately, it seems that the overall trend is still downward. The update graph is showing a fair amount of resistance to the ongoing drop, but the fact is that it is still falling. --Kirk 00:30, 25 April 2008 (UTC)


Needless to say, the ride down wasn't exactly all desirable. Still a correction was probably overdue. But if you check the updated graph, things appear to be moving decidedly upward again. Still a bit of ground to recover, but at least things are moving in the right direction again. --Kirk 01:22, 6 February 2008 (UTC)


Up until now, the screen has been bucking the overall downward trend of this years market. But I guess the market finally caught up with it. Still, unless you happen to be in need of a few tax losses, now is probably not the time to be bailing out. --Kirk 02:23, 20 December 2007 (UTC)

BoughtSold% GainDays Held
Sigmatron8.9913.0243.16%553

--Kirk 22:58, 29 October 2007 (UTC)

BoughtSold% GainDays Held
Internat Ship Holding17.0121.6726.51%147


March 30 transactions

BoughtSold% GainDays Held
Edgewater Technology6.888.521.37%70
P&F Industries12.214.315.98%161

--Kirk 00:05, 8 April 2007 (UTC)

BoughtSold% GainDays Held
RCM Technologies5.677.122.57%405

--Kirk 00:51, 12 March 2007 (UTC)

BoughtSold% GainDays Held
Avalon Holdings4.97.9960%161
Hardinge Inc.14.223.564.44%126
Tufco Technologies6.047.7525%644

--Kirk 01:01, 5 March 2007 (UTC)

As expected, Cagles didn't last long. Still, it showed a gain for a change.

BoughtSold% GainDays Held
Cagle's Inc.8.48.651.19%35

--Kirk 01:44, 21 January 2007 (UTC)

BoughtSold% GainDays Held
Rex Stores14.118.2628.44%203

--Kirk 22:22, 6 January 2007 (UTC)

Chromcraft was dropped this week as a result of negative earnings. Returning to the list is Cagles. However, I wouldn't get too excited over it. Even though the earning look okay, it has a negative return on assets. Unless it passes the screen again, it will probably dropped from the list next month.

BoughtSold% GainDays Held
Chromcraft Revington12.988.69-34.21%217

--Kirk 02:26, 25 December 2006 (UTC)

BoughtSold% GainDays Held
Allion Healthcare Inc4.175.4928.06%63
Lazare Kaplan9.348.35-12.21%427
Sypris Solutions8.287.38-12.68%91
Sparton Corporation8.658.32-5.55%91

Except Allion which exceed the target goal of 20%, these were sold as a result of negative earnings.

New to the group is Rocky Brands Inc.

--Kirk 01:24, 20 November 2006 (UTC)


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