Last week, I wrote a post listing the 16 positions whose Cake Take soared from an “F” in October and an “A” in November.  The Cake Take is our stock rating and is calculated not based on what people think about a particular stock, mutual fund, or ETF but what investors are really doing- buying, selling, or holding.  When the Take changes from an “F” to an “A” it means that good investors are buying.  Our research has found that when positions make this sudden movement, that the basket of stocks outperforms the market in the month following.

I promised in that last post that I would also reveal the positions that did the mirror opposite- falling from an “A” rated position in October to an “F” in November.  These stocks, as you smart folk have surmised, have collectively underperformed the markets in the next month.  Without further ado, here are the 13 positions that we will be watching closely:

“A” To “F” on Cake for November, 2008 (www.cakefinancial.com)

1. AFAM- Almost Family, Inc.
2. BX- Blackstone
3. CVI- CVR Energy
4. FISMX- Fidelity International Small Cap
5. FTHRX- Fidelity Intermediate Bond
6. FTRFX- Federated Total Return
7. IBN- ICIC Bank
8. SSRI- Silver Standard Resources
9. SWHC- Smith & Wesson
10. TRN- Trinity Industries
11. UUP- Powershares DB Dollar Bullish
12. UWM- Proshares Ultra Russell 2000
13. VEU- Vanguard FTSE Al-World

Let’s see next month if this basket of “F”‘ers lives down to its expectations.