Credence Systems Investors See Red in 2006

Since Credence Systems Corp. (CMOS), a semiconductor testing company, peaked at $9.05 on January 27, 2006, investors have found it almost impossible to make money with the stock. Avoid buying CMOS. Its downside could continue.

Of the 9,316 buy and sell combinations based on the daily close from January 27, 2006 through August 11, 2006 only 394 (4.2%) made money while 8,922 (95.8%) did not.

The percent returns chart shows the profitable buy and sell combinations in green and the unprofitable ones in red.

The winners and losers map shows that the few profitable trades are located next to the diagonal of the map indicating that most profitable trades occurred within a few days or weeks or their purchase.

Posted August 12, 2006