Thursday, February 28, 2008

Swiss February Firesale

News sources say New York based Focus Capital was forced to sell its stocks which has sent down four Swiss mid cap stocks (Schulthess, Hiestand, Huber+Suhner, Forbo) down -39.96, -27.69, -26.50, and -25.00 percent since the beginning of the year. Of the SWX listed stocks (without the Virt-X stocks) these are 4 of the 10 worst beforming stocks this year.

Going back for two weeks, these four stocks account for four out of six of the worst performing stocks at the SWX (again without the Virt-X stocks). The two other bad performers are the two listed Lichtensteiner banks (Landesbank and VP Bank).

SGRN.SWX chart
HIEN.SWX chart
FORN.SWX chart
HUBN.SWX chart
VPB.SWX chart
LLB.SWX chart

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