What Survived Todays Drop

What survived today’s drop? Welcome to the winner’s circle. Whenever we get a big drop, I like to see which stocks actually performed well. My thinking is that if it can survive today, then it should probably do well if the market recovers. Except for contrarian plays that is like inverse ETFs and gold/silver stocks. To reduce the size of a scan like this, I’ve limited the price to below $10 a share and the stock had to have increased at least 5% today with no more than a 5% drop from the highest point to close. In the past, I actually tracked these results for a week just to see what would happen if an investor purchased a basket of the ‘winners’ . The results were pretty impressive for the first 3 days and then the stocks began diverging again. I didn’t keep the spreadsheets but I recall about 15% returns for the first 3 days and then varying amounts beyond that. Anyway, without much further ado, this is what I found: Symb ol FULT ARTG BANR GNET AXL ARGN MNKD FNM FRE

Last $ 8.2 3.93 2.98 5.4 6.61 8.19 5.75 1.25 1.4

Industry Banking/Financial Services Internet Services/E Commerce Banking News Services and Ad sales Automotive parts Banking Biopharma Banking Banking Polymer Products for Automotive and MYE 9.92 Industry CPE 1.96 Oil/Gas production FBC 1.15 Banking Various reasons were proposed for today’s drop. The one I kept hearing was that the market tanked as a result of Wells Fargo’s downgrade. Oddly, 6 of the 12 are bank stocks. Gives one pause, doesn’t it.

These are the hourly charts. Each Candle is one hour and the day’s beginning is pretty obvious. Not all the charts look tradeable. A couple look to be dropping. Still?