Monday’s weak stock market rally of 8...

Monday’s weak stock market rally of 8 points could not undo the harm of the previous week’s drop of 141 points, and San Diego stocks weren’t immune to the decline, according to Irving Katz, director of research at San Diego Securities.

Large point losers included Home Federal Savings & Loan, which dropped 3 1/2 to 28, down from it’s year high of 38 5/8.

SDG&E;, although up three-eighths Monday, dropped 2 for the week to 35, having reached its yearly high of 42 1/2 only two weeks ago. That’s a drop of 17% in that short span, said Katz.

Cubic dropped 1 7/8 to 15 1/8, as analysts are writing off this year’s earnings in anticipation of a better performance next year, according to Katz.

Beeba’s Creations dropped 3 to 10, making a new low, and down from its yearly high of 27 1/2, a drop of 62% this year.

Cipher Data Products dropped 1 3/4 to 11 7/8, as security analysts cut their earnings estimates for this year and next, said Katz.

Price Co. was down 4 1/2 to 30, down 45% from this year’s high of 55 3/4.

WD-40, which is having its best year ever, also was affected by last week’s market drop, as its price was down 2.

Recent new issues joined in the melee, as Mail Boxes U.S.A. was dropped 3 1/2 to 13, down from its recent high of 18 3/4.

Syntro, which just went public at 8, was down nearly 50% to 4 1/8, while Women’s Health Centers, which went public at 6, dropped to 3.

Specialized Systems Inc. (SSI) in Carlsbad was dropped from these listings, as NASDAQ de-listed the company for not meeting minimum equity requirements. The stock will be quoted in the pink sheets, Katz said.