Industry Ranks for the Reshaping
There has been only one other time in my life where I felt so skittish about my methods: June-September 2002. I got whacked hard by the market then, harder than at present, but I bounced back October 2002 - January 2004, making it up and then some.
I don’t count on that now, but I will give you may industry ranks as of this week:
Running my usual screens, I get a bunch of new tickers to consider:
ABD ABG ACE ACGL ADCT AEG AEL AFG AFSI AGII AHL AIG AIZ ALL ALU AMPH AMSF AN ANEN ARRS ASI AWH AXA AXS AZ CB CBG CHEUY CIEN CINF CMVT CNA CNO CPHL CPII CRMT CRNT CTV DFG DSITY EBF EIHI EJ ENH ENTG FFG FMR FNSR FSR GBE GCOM GILT GLRE GLW GNW GPI GSIG HALL HCC HIG HMC HMN HYSNY IHC INDM ING IPCR IRS JDSU JLL KGFHY L LGGNY LNC LTXC MET MHLD MIG MIGP MRH MRVC MXGL NDVLY NSANY NVTL OB OPLK OPXT PAG PEUGY PFG PL PMACA PNX PRE PRU PTP PUK PWAV RE RFMD RGA/A RNR RTEC RUSHA RUSHB SAFT SAH SAIA SEAB SUR SWCEY SYMM TER THG TLAB TM TMK TRH TRV TTM UAM UFCS UNM UTR VOD VR VTIV WRB XL YRCW ZFSVY
Some of these are on the last list, and some of them I own. Personally, my “green zone” methods are making me queasy at present because in a credit crisis, trends tend to persist a lot longer, so I will be more likely to look at names that are stalwarts in this crisis. My investment methods are not purely quantitative. I use quantitative methods to assist my qualitative reasoning.
As such, I have a few more tickers to toss into the hopper, many of which are safe names, or, names in the red zone that seem cheap:
AA ABX ALL ALOG BGP BHI BKS BRNC CAG CNI CP DD DLX DOW DPS EOG FCX HAR HCC HOLX HPQ IBM ITW ITW MCF MET MMM MSFT NBR NYX ORCL PBR PFG POT PRU RDC REXI RTI SII TAP TEL TIE TM VEIC WMT XTO
Together with my last post, these are the tickers that I will compare against my existing portfolio to choose new names for my portfolio. As for where I got the batch of tickers for my last post on this topic, my method is to take every idea that I hear over a quarter that I think is interesting, and I note it down, or print it out. It is eclectic in that sense, but when I analyze the ideas at the end of the quarter, I try to forget where I got the ideas, so that I can analyze them fresh. I am the main analyst here, and I try to avoid believing the arguments of others when I do my final analysis.
