A review of last weeks Down But Not Out picks:
AIXG: Bought at 8.81, still holding at 9.33
DFZ: Bought at 12.38, Sold at end of day July 5th at 12.51
HTE: Bough at 31.00, still holding at 32.250

These are decent results, but time will tell if this scan if good by being consistent.

As for the picks using the American Bulls criteria:
BMD: Buy at 3.51, sell signal at 3.53 A better buy would have been on 6/28
INPC: Not bought
KBX: Not bought
PRTL.OB: Not bought
SEPR: Buy at 41.01, sell at 42.12

For the stocks in the top and bottom bands of a half year relative strength scan, the down but not out method seems better than the americanbulls.com method. Only time will tell if this is consistant.

For this weeks picks (DBNO only, there were no picks from the American Bulls criteria):
BBA, BOMBAY CO INC (Google Yahoo Earnings Chart) 
BZH, BEAZER HOMES USA (Google Yahoo Earnings Chart) 
EEE, EVERGREEN ENERGY (Google Yahoo Earnings Chart) 
FINL, FINISH LINE CL A (Google Yahoo Earnings Chart) 
HOTJ, HOUSE OF TAYLR JE (Google Yahoo Earnings Chart) 
HOV, HOVNANIAN ENT INC (Google Yahoo Earnings Chart) 
ILI, INTERLEUKIN GENET (Google Yahoo Earnings Chart) 
INPC, INPHONIC (Google Yahoo Earnings Chart) 
MIPI, MOLECULAR INS PHA (Google Yahoo Earnings Chart) 
MTH, MERITAGE HOMES CO (Google Yahoo Earnings Chart) 
NTMD, NITROMED (Google Yahoo Earnings Chart) 
PCYC, PHARMACYCLICS INC (Google Yahoo Earnings Chart) 
PNSN, PENSON WORLDWIDE (Google Yahoo Earnings Chart) 
RGRP.OB, ROO GROUP INC NEW (Google Yahoo Earnings Chart) 
TOA, TECHNICAL OLYMPIC (Google Yahoo Earnings Chart) 
USHS, US HOME SYSTEMS I (Google Yahoo Earnings Chart) 

Also interesting, from the Universe of stocks in the upper and bottom 1/2 year RSI category, the following stocks gained 4% on Friday. The goal is to invest in these stocks before they make a short term 4% plus move:
ABAT.OB, ADVANCED BATTERY (Google Yahoo Earnings Chart) 
ALMI.OB, ATLAS MINING CO (Google Yahoo Earnings Chart) 
DRYS, DRYSHIPS INC. (Google Yahoo Earnings Chart) 
EBHI, EDDIE BAUER HLDGS (Google Yahoo Earnings Chart) 
EXM, EXCEL MARITIME CA (Google Yahoo Earnings Chart) 
GBN, GREAT BASIN GOLD (Google Yahoo Earnings Chart) 
GLNG, GOLAR LNG LTD (Google Yahoo Earnings Chart) 
GROW, US GLOBAL INV INC (Google Yahoo Earnings Chart) 
HEM, HEMOSENSE INC. (Google Yahoo Earnings Chart) 
HOTJ, HOUSE OF TAYLR JE (Google Yahoo Earnings Chart) 
HOV, HOVNANIAN ENT INC (Google Yahoo Earnings Chart) 
ITKG.OB, INTEGRAL TECHNLGS (Google Yahoo Earnings Chart) 
JADE, LJ INTL INC (Google Yahoo Earnings Chart) 
JRJC, CHINA FINANCE ONL (Google Yahoo Earnings Chart) 
MATH, MATHSTAR (Google Yahoo Earnings Chart) 
NFI, NOVASTAR FINL INC (Google Yahoo Earnings Chart) 
NOVC, NOVACEA (Google Yahoo Earnings Chart) 
NTMD, NITROMED (Google Yahoo Earnings Chart) 
PKTR, PACKETEER INC (Google Yahoo Earnings Chart) 
RDC, ROWAN COS INC (Google Yahoo Earnings Chart) 
ROY, INTERNATIONAL RTY (Google Yahoo Earnings Chart) 
RZ, RASER TECH INC (Google Yahoo Earnings Chart) 
SGN, SIGNALIFE INC (Google Yahoo Earnings Chart) 
SLW, SILVER WHEATON CO (Google Yahoo Earnings Chart) 
SPF, STANDARD PACIFIC (Google Yahoo Earnings Chart) 
SPIL, SILICONWARE PR AD (Google Yahoo Earnings Chart) 
VDSI, VASCO DATA SECURI (Google Yahoo Earnings Chart) 
ZILA, ZILA INC (Google Yahoo Earnings Chart)