One year ago, in “From Overripe to Vulnerable? [1]” I introduced something I called the OHFdex [2] or listing of Overripe High Fliers, along with 14 CandleGlance [3] charts from StockCharts.com for the highest fliers.

Needless to say, the picture one year later is an ugly one.

Not only were these stocks overripe and vulnerable a year ago, but they were ripe for decimation. CROCS (NSDQ: CROX [4]) is down over 97% in a year, Las Vegas Sands (NYSE: LVS [5]) is down 90%, and both DryShips (NSDQ: DRYS [6]) and VMware (NYSE: VMW [7]) are down more than 80%. All told, 11 of the 14 former high fliers are down 50% or more. The mean decline was 67.7% and the median decline was 69.3%. The best performer among the group was Baidu (NSDQ: BIDU [8]), the Chinese search engine company, which has lost 36% while the Chinese markets have fallen 57%.

I have also included one year charts (once again courtesy of StockCharts.com) for all 14 members of the OHFdex below, with a 20 day SMA in blue and a 50 day SMA in red:

[9]
click chart to enlarge

Sifting among the rubble of today’s meltdown, it looks as if it is about time to create a new list of oversold stocks that can prosper over the course of the next year.