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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.
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Current Portfolio  Edit
As of 11/7/2008
- 012Smile. Communications Ltd (SMLC)
- Adams Golf, Inc. (ADGF)
- Adams Resources & Energy, Inc. (AE)
- Alamo Group, Inc. (ALG)
- Allion Healthcare Inc (ALLI)
- American Dental Partners, Inc. (ADPI)
- American Railcar Industries, I (ARII)
- Arbor Realty Trust, Inc. (ABR)
- Asbury Automotive Group, Inc. (ABG)
- Avalon Holdings (AWX)
- Bowne & Co., Inc. (BNE)
- Benihana Inc. (BNHNA)
- Birks & Mayors Inc. (BMJ)
- Build-A-Bear Workshop, Inc (BBW)
- Cache, Inc. (CACH)
- Carriage Services, Inc. (CSV)
- CE Franklin Ltd. (USA) (CFK)
- Communications Systems, Inc. (JCS)
- CompX International Inc. (CIX)
- Consolidated Graphics, Inc. (CGX)
- Craftmade International (CRFT)
- CSP Inc. (CSPI)
- Culp, Inc. (CFI)
- Deswell Industries, Inc (DSWL)
- Dixie Group, Inc., The (DXYN)
- Ducommun Incorporated (DCO)
- Dynamics Research Corporation (DRCO)
- ePLUS (PLUS)
- Flexstee Industries (FLXS)
- Friedman Industries (FRD)
- Gencor Industries, Inc. (GENC)
- General Finance Corporation (GFN)
- Georgia Power Company (GPW)
- Gerber Scientific, Inc. (GRB)
- Green Plains Renewable Energy (GPRE)
- GSI Group Inc. (GSIG)
- Hardinge Inc. (HDNG)
- Hastings Entertainment (HAST)
- HORSEHEAD HOLDING CORP (ZINC)
- Hudson Highland Group, Inc. (HHGP)
- Information Services Group, In (III)
- Innospec Inc. (IOSP)
- Internat Ship Holding (ISH)
- Interstate Hotels & Resorts, I (IHR)
- J. Alexander's Corporation (JAX)
- Johnson Outdoors Inc. (JOUT)
- KapStone Paper and Packaging (KPPC)
- Kewaunee Scientific Corporatio (KEQU)
- L.S. Starrett (SCX)
- Landry's Restaurants, Inc (LNY)
- Lazare Kaplan International (LKI)
- LECG Corporation (XPRT)
- Lifetime Brands, Inc. (LCUT)
- Lydall, Inc (LDL)
- Man Sang Holdings (MHJ)
- McCormick & Schmick's Seafood (MSSR)
- MHI Hospitality Corporation (MDH)
- Miller Industries, Inc. (MLR)
- Morton's Restaurant Group, Inc (MRT)
- Motorcar Parts of America, Inc (MPAA)
- Multimedia Games, Inc. (MGAM)
- Nashua Corporation (NSHA)
- National Dentex Corporation (NADX)
- Neenah Paper Inc (NP)
- North American Energy Partners (NOA)
- Nu Horizons Electronics Corp. (NUHC)
- Nutraceutical Int'l Corp. (NUTR)
- OceanFreight Inc. (OCNF)
- Omega Navigation Enterprises (ONAV)
- Optelecom-NKF, Inc. (OPTC)
- Orbotech Ltd. (ORBK)
- Orthofix International NV (OFIX)
- Paragon Shipping Inc. (PRGN)
- Park-Ohio Holdings Corp. (PKOH)
- Penford Corporation (PENX)
- Perceptron, Inc. (PRCP)
- Pointer Telocation Limited (PNTR)
- Pope & Talbot (POP)
- Providence Service (PRSC)
- Q.E.P. Co., Inc. (QEPC)
- RCM Technologies (RCMT)
- Red Lion Hotels Corporation (RLH)
- Reis, Inc. (REIS)
- Rex Stores (RSC)
- Salem Communications Corp (SALM)
- Saga Communications, Inc. (SGA)
- Saia Inc. (SAIA)
- Shoe Carnival, Inc. (SCVL)
- SIFCO Industries, Inc. (SIF)
- SL Industries, Inc. (SLI)
- Sonic Automotive, Inc. (SAH)
- Spectrum Control, Inc. (SPEC)
- Standard Motor Products (SMP)
- Stoneridge, Inc. (SRI)
- Superior Uniform Group, Inc. (SGC)
- Supreme Industries, Inc. (STS)
- SureWest Communications (SURW)
- Teekay Offshore Partners L.P. (TOO)
- TESSCO Technologies, Inc. (TESS)
- TransMontaigne Partners L.P. (TLP)
- Tufco Technologies (TFCO)
- Twin Disc, Incorporated (TWIN)
- Union Drilling, Inc. (UDRL)
- Universal Stainless & Alloy Pr (USAP)
- Vicon Industries, Inc. (VII)
- Vitran Corporation, Inc. (USA) (VTNC)
- Volt Information Sciences, Inc (VOLT)
- Xyratex Ltd. (XRTX)
- Willis Lease Finance (WLFC)
- WPCS International Inc. (WPCS)
- Zygo Corporation (ZIGO)
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
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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)
| | Bought | Sold | % Gain | Days Held
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| Sigmatron | 8.99 | 13.02 | 43.16% | 553
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--Kirk 22:58, 29 October 2007 (UTC)
| | Bought | Sold | % Gain | Days Held
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| Internat Ship Holding | 17.01 | 21.67 | 26.51% | 147
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March 30 transactions
| | Bought | Sold | % Gain | Days Held
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| Edgewater Technology | 6.88 | 8.5 | 21.37% | 70
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| P&F Industries | 12.2 | 14.3 | 15.98% | 161
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--Kirk 00:05, 8 April 2007 (UTC)
| | Bought | Sold | % Gain | Days Held
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| RCM Technologies | 5.67 | 7.1 | 22.57% | 405
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--Kirk 00:51, 12 March 2007 (UTC)
| | Bought | Sold | % Gain | Days Held
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| Avalon Holdings | 4.9 | 7.99 | 60% | 161
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| Hardinge Inc. | 14.2 | 23.5 | 64.44% | 126
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| Tufco Technologies | 6.04 | 7.75 | 25% | 644
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--Kirk 01:01, 5 March 2007 (UTC)
As expected, Cagles didn't last long. Still, it showed a gain for a change.
| | Bought | Sold | % Gain | Days Held
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| Cagle's Inc. | 8.4 | 8.65 | 1.19% | 35
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--Kirk 01:44, 21 January 2007 (UTC)
| | Bought | Sold | % Gain | Days Held
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| Rex Stores | 14.1 | 18.26 | 28.44% | 203
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--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.
| | Bought | Sold | % Gain | Days Held
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| Chromcraft Revington | 12.98 | 8.69 | -34.21% | 217
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--Kirk 02:26, 25 December 2006 (UTC)
| | Bought | Sold | % Gain | Days Held
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| Allion Healthcare Inc | 4.17 | 5.49 | 28.06% | 63
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| Lazare Kaplan | 9.34 | 8.35 | -12.21% | 427
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| Sypris Solutions | 8.28 | 7.38 | -12.68% | 91
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| Sparton Corporation | 8.65 | 8.32 | -5.55% | 91
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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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