The cross currents of year-end switching from...

The cross currents of year-end switching from one stock to another, tax-law-related selling and profit-taking related to a more favorable capital gains treatment this year--all continued to have their effect on the broad market last week. But San Diego stocks emerged with only minor changes, according to Irving Katz, director of research at San Diego Securities.

News this past week was minimal, with most stocks moving only minor fractions one way or another, Katz said.

Savings and loans, despite record earnings and low price-to-earnings ratios, continued to be depressed. Great American First Savings Bank was down three-eighths, Home Federal Savings & Loan dropped 1 1/2 and Imperial Corp. of America was down one-fourth.

Western Health Plans dropped to 4 1/8 despite the addition of four new non-physician members to its reduced board of directors.

Wavetek hit a new low of 6 5/8 as the company’s auditors qualified their opinion for Wavetek’s 1984, 1985 and 1986 financial reports because of pending shareholder lawsuits.

Telequest hit a new low of 3 1/2 as it announced Monday that it would break even or have a modest loss for 1986.

Precision Aerotech, a new addition to our American Stock Exchange list this week, hit a new low of 6. It went public Nov. 17 at 7 3/4.

Additional new lows this past week were seen by Energy Factors, at 12 1/2, and Women’s Health Centers, at 1 3/4.

Beeba’s Creations dropped 1 to 14 3/4 as a San Francisco company filed suit charging Beeba’s with copying its sleep wear designs.

Guild Mortgage Investment, another new entry on our stock list, is a real estate investment trust (REIT) managed by Guild Mortgage Co. of San Diego. It closed Monday at 11 3/8 on the American Stock Exchange. The company went public at 10 in June.