The 52-Week Low Club (AKNS, AEP, CCRT, EIX, GGP, LYTS, PMII, SPRD)

52_week_low_imageToday was an interesting ride in the 52-week low club after we have seen very volatile markets.  While oil fell $1.00 and while the S&P, NASDAQ, and DJIA were up most of the day, there were plenty of stocks gracing the 52-week lows:

  • Akeena Solar, Inc. (AKNS)… down in sympathy with others, more speculative name in solar.

  • American Electric Power (AEP)… becoming habitual.
  • CompuCredit Corp. (CCRT) down over 10% more after another post-earnings sell-off.
  • Edison International (EIX) making another appearance.
  • General Growth Properties (GGP) making another appearance.
  • LSI Industries (LYTS) killed on earnings and warning.
  • Power Medical Interventions, Inc. (PMII) very poor earnings.
  • Spreadtrum Communications (SPRD) lost 1/4 of its price on poor earnings.  The silly company name doesn’t help.

Jon C. Ogg
August 14, 2008

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