The ProShares Fund seeks daily investment results, before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. The Fund seeks capital appreciation. Synnex ( SNX)
Industry: Computer Hardware
Recent High: On Feb. 9, SNX hit a high of $17.98
Price on March 4: $14.69
Current SmartStops exit alert: $13.65 Shares of this normally quiet stock -- 3-year Beta of 0.79 -- more than doubled in two months ended Feb. 9. Last month TheStreet.com upgraded the stock from a Hold to a Buy. Synnex is a business process services company which offers a range of services to original equipment manufacturers, software publishers and reseller customers worldwide. What's Not So Hot!
Satyam Computer Services ( SAY)
Industry: Business Services
Recent High: On Jan. 6, SNX hit a high of $9.46
Recent Low: On Jan. 12, SNX had a low of $0.78
Price on March 4: $1.31
Current SmartStops exit alert: $1.15
This outsourcing firm is based in India and has been involved in a billion dollar scandal involving accounting fraud. Company executives have been accused of inflating the number of employees and then stealing the employee payroll. As might be expected this news resulted in a temporary halt in trading for several days and then there was a huge gap down when trading resumed. It should be noted that SmartStops.net gave a timely warning to unload the shares at $8.77 just two days before the trading halt and the gap down to $1.14.