For GT Blog June 17, 2009

One blog ago I promised to provide a list of small cap technology names that may generate a surprise recovery through 2009-2010

Unfortunately the recent down days have sent me back to the chart room to write a stock filter that will select stocks displaying strength during a period of general weakness

The filter had several arguments or if-than-else conditions

The closing volume had to be greater than the average 10-day volume
The close had to be greater than the previous high
The price had to be greater than $2.25
The closing volume had to be greater than 250000 shares

There were only 16 names selected from the Canadian data base of about 1100 names and there appeared to be a slight common theme along with a few surprises

Here goes and pardon the lack of detail – its late and I am tired

ACE Aviation, Agnico Eagle, Groupe Aeroplan, Cogeco Cable, Labopharm, EPCOR Power, Jazz Air Income, Kinross Gold, Livingston Int’l, Magna Int’l, Novagold Res, New Gold Inc, Petro Andina Res, Pembina Pipe, Sherritt and Sino Forest

Disclosure – Getting Technical is long the shares of New Gold Inc.