Although the Oil Well Service industry did
great the past couple of years, not all Oil Well Service
Stocks did well. A high performing industry group or sector does not mean
all participants will be high performing. The above Oil Well Services stock crashed during
stock market boom of 1999-2000. And it did not increase with the increasing oil
prices in late 1999 and early 2000. This proves that a stock will not perform
well when its industry is performing well. Not sure what went wrong here. Did
management go stupid? Did Wall Street analysts become offended in some way? Did
some competitor release false PR information against McDermott? The things that
can go wrong with a company are endless, ranging from law suits to employee
relations to management stupidity. Indicant.Net does not find out what went
wrong, but it knows something is wrong and will keep you from holding a
"imposter" stock.
As you can see from the above chart, there
were seven buy and seven sell signals. The net loss was 3.25 points or less than
1% through all these trades. That pales in
comparison to the 133% increase on Kinder Morgan Energy.
The Mid-term Indicant for stocks is not perfect, but you will never hold a loser for very
long. The Mid-term Indicant
quite frequently signals "buys" and "sells" for stocks. But
if the trades do not generate profits, that stock will be removed from
Indicant.Net "selected" stocks listing. There is much more Indicant buy/sell signaling for stocks than mutual funds.
If you could constantly
buy and sell on all the Mid-term Term Indicant signals for all the indicant
selected stocks, you would have enjoyed a 349% gain from October 1998
through September 2001 while the market was relatively flat. Click here for performance
comparisons.
Now let's look at some extreme examples of
Indicant.Net stocks.
Click here to continue Indicant.Net Stock
Tour
