Stocks come and go. Mutual funds do the same,
but with less frequency. Over the years, we simply replaced the
with new securities. We decided to start retaining those who failed so that you will
have some form of reminder that corporate and political leeching is natural and
unavoidable. However, holding to the consequences of corporate leeching is
avoidable. One must simply sell before the leeching exceeds the capacity of
the original intention of the organization; that is to make money for the
shareholder. Corporate leeches do not do that; they take money in one of two
ways; stupidity or steal it. Either way, you lose, if you are holding.
1. Stocks or funds are identified as NLT, which
means no longer traded.
2. After a period of NLT status, they are
abandoned and placed here.
3. New stocks are found, primarily from
constituent changes within the major indices. If a stock is removed from a
major index, but still traded, it is most often transferred to the I-STOCK group
of stocks, tracked by the Mid-term Indicant.
4. When a "too big to fail" emerges from
bankruptcy and retains its old symbol, we perform a hypothetical reverse stock split so
that pre-bankruptcy history is retained. If the organization retains the
same dilettante management team that drove them to bankruptcy, you will
appreciate these retention records. See example below.
The new stocks
automatically receive a buy or sell signal at the time they are added to
any listing. This maintains integrity in the
Indicant Report Card.
Once a stock is NLT, no longer traded,
and confirmed to endure that fate, indefinitely, it is deleted.