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May 13, 2005
Dick Sears:Weekly
Update: One for the Seesaw
Monday was good, but Tuesday was bad.
Wednesday was good, then Thursday was
bad. It all came down to Friday.
The day had a rousing start, thanks to an
encouraging report from Dell and a surge
in semiconductor stocks.
But then we watched the market go down
and down, until a late rally saved both day
and week.
The net result of our seesaw ride was
a small weekly gain for the GTI. It could
have been better -- there were 17 stocks
up and only 11 down -- but two big losers
hurt, EQIX and TERN, both down 10%.
With the earnings season almost over,
we may have to hunker down now for
a touch of early summer doldrums.
Returns for Week Ended
May 13:
Gilder Technology Index (GTI):
+ 0.7%
Nasdaq Composite
Index (NSD): + 0.5%
S&P 500 Index (S&P): - 1.5%
Historical Returns:
|
|
GTI |
NSD |
S&P |
|
1997
(est'd) |
21% |
22% |
31% |
|
1998
(est'd) |
48% |
40% |
27% |
|
1999 |
284% |
86% |
20% |
|
2000 |
- 44% |
- 39% |
- 10% |
|
2001 |
- 43% |
- 21% |
- 13% |
|
2002 |
- 56% |
- 32% |
- 23% |
|
2003 |
130% |
50% |
26% |
|
2004 |
3% |
9% |
9% |
|
2005 to
Date |
- 12.8% |
- 9.1% |
- 4.8% |
|
Avg for
8+ yrs |
8.5% |
5.2% |
5.4% |
|
Last 52
wks |
- 4% |
4% |
5% |
Since the
high
of 3/06/00 |
- 82% |
- 61% |
- 24% |
Since the
low
of 10/09/02 |
209% |
77% |
49% |
Makeup of
the GTI:
The GTI companies are those "Telecosm
Technologies" in the Gilder Technology
Report whose stock is readily available to
investors. If a company is not traded on the
NYSE, AMEX, or NASDAQ National Market,
it is not in the GTI.
This past week there were 29
companies in
the GTI. Advances vs. declines were:
17 up, 11 down, 1 unchanged. |
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