The slide continued for a second week as 132 of the 200 companies on the LABJ Stock Index lost ground during the week. Stocks on the index lost 2.4 percent of their value for the week and 7.8 percent over the past two weeks.

Fremont General Corp. continued to get battered as Wall Street concerns over risky subprime loans, and most loans in general, forced agencies to tighten credit standards. Fremont lost 34 percent for the week to close at $4.49 reaching a new 52-week low.

ValueClick Inc. lost 25 percent after reporting a 22 percent dip in profits sending shares down to $19.47 less than two months after hitting a 52-week high.

MannKind Corp. dropped 21 percent for the week after the Valencia-based biotech company delayed its earnings an announced its CFO is leaving the firm. Shares closed at $8.87, also reaching a new 52-week low during trading.

On the upside, Material Technologies Inc., a tiny L.A.-based company that makes metal fatigue detection equipment, gained 85 percent for the week after the bridge disaster in Minneapolis drew attention to the company’s technology. Shares closed at $1.85.

PC Mall Inc. benefited from a seven-fold jump in profit and saw its shares gain 12 percent to $13.13.

Finally, Activision Inc. bucked the industry trend of poor earnings for videogame developers by reporting a it had doubled profit for the quarter sending shares up 9 percent to $18.84 a year to the day after hitting a 52-week low.