There's been one change in the Cheap Stocks 26 Net/Net Index since we rolled it out on September 13th. Adaptec has undergone a 1 for 10 reverse split, and changed it's name to Steel Excel Inc (ADPTD). There will no doubt be more changes on the way; at least that was our experience with the CS21 Net/Net Index.
Four weeks in, CS26 is down 2.59%, while the Russell Microcap Index, the benchmark we are using, is up 1.89%. The biggest gainer so far is Trimeris (TRMS), which is up 41%, while the biggest loser, Opnext (OPXT) is down 23.4%. Stay tuned.
You may have noticed the reference to "Crates" in today's title, as well as the ad for Overhead Crates that was added to the site this morning. This is a complete departure for us, but we wanted to recognize this amazingly simple innovation. This is an unpaid, unsolicted ad, and we have no financial ties to the company that has created this product. Nonetheless, we felt compelled to bring the company, and it's product to our subscribers attention.
Overhead Crates has designed a simple product that takes advantage of space available in many basements, that most people don't realize could be utilized as storage space. We've installed the product ourselves, and found it to be brilliant! A very simple installation! Check out the site for yourself.
*The author has no position in the companies mentioned. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.