SecurityStockWatch.com 100 Index Monthly Chart - March 2008

100 Index Outperforms Majors in February

In a month where the majors fared badly, the SSW 100 Index was only off by 0.5% dropping from 224 to 223 in February. The majors were off sharply led by the NASDAQ which tumbled 5% from 2,390 to 2,271 (179 to 170 on a comparable index basis). The S&P 500 and the Dow did better but were still sharply down. The S&P 500 dropped 3.5% from 1,379 to 1,331 (157 to 151 on a comparable index basis) with the Dow off by 3% as it fell from 12,650 to 12,266 (152 to 147 on a comparable index basis).

Decliners and gainers were almost even with at 53 versus 47. Despite a generally lousy month for stocks there were fifteen on the upside that posted better than 10% increases and five of those jumped by more than 20%. However, the downside showed twenty stocks off by more than 10% (five dropping by more than 20%).

Gaining more than 20% were:

Choicepoint Inc. (CPS) up 46% to $48.40
Bruker BioSciences Corp. (BRKR) up 33% to $13.67
Applied Digital Solutions Inc. (DIGA) up 28% to $0.83
Chemtura Corporation (CEM) up 23% to $8.26
Entrust Inc. (ENTU) up 21% to $2.51

Dropping by more than 20% were:

Ceradyne Inc. (CRDN) down 35% to $31.11
TRC Companies Inc. (TRR) down 25% to $5.07
Mercury Computer Systems Inc. (MRCY) down 23% to $6.41
Evergreen Solar Inc. (ESLR) down 21% to $9.61
Tumbleweed Communications Corp. (TMWD) down 20% to $1.28

 

 

 

 

 

 

 

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