Pete's Money Makers

[jiesen]

yep, I'm not always posting but I'm always reading, and yours is some good stuff here. I'm sure there are plenty others who would agree. Keep it up!

[New-born baby]

Too busy to post, Pete. I let "Hot Pick of the Day" die because I don't have the time anymore. But I still read your thread.

[IIC]

Originally Posted by Peter Hansen
While reading through some old papers , I ran across this "System" for screening stocks. Does anyone know if it would be possible to construct such a screen . The Rules are as follows.

1) The Stock must have doubled its 52 week low.

2) The Stock must have an earnings per share (EPS) of 80 , minimum...... and relative strength (RS) of 80 , minimum

3) The Stock must be making a NEW Historic all time HIGH

4) The stock must sell for 2 dollars or more

Supposedly if this screen is used the stocks it generates should make huge returns, and if it run just as the stock makes its HISTORIC all time HIGH , or shortly after , the BEST results will be obtained.

It can be done "Cave Man Style" using Investors Business Daily, Big Charts and The S&P guide

Does anyone know how it could be set up on the computer ?

Guys and Girls this may be both interesting and profitable?


Pete...

Is this what you are looking for?

AMOV,COH,IIVI,MICC,PCU,RL,ROCM,RS,SYNL,UCTT,VOLV

I think you may be limiting yourself on the all time historic high...those I listed meet all your criteria I believe although on the all time high I only went back 10 years. They all made at least 10 year highs on Friday...But perhaps you would consider within 2% of an all time high or something like that???...Doug(IIC)

[IIC]

BTW Pete...I read your thread...I've just been extremely busy lately...thx...Doug

[skiracer]

Pete,
I plugged in this scan at StockCharts Advance Interface and got nothing. This is the first scan I plugged in: [type is stock] and [high > 2] and [rsi (14) >= 80] and [eps >= 80] and [todays high > yesterdays daily max (260,high)].

Then I left out the eps >= 80 and plugged in everything else the same as above and I got what you see below. I'm still working on figuring out how to code in the wording on "doubled 52 week low" as opposed to just 52 week high. Anyway a pretty large list of stocks. Worth taking a look at their charts. I had to scale it way down from my original capture. There was only one match with either Billyjoe's list or Doug's list. That was RS and it was on Doug's list.

[IIC]

Well Ski...If you were nicer to me I'd save you the trouble of having to figure it out.

[IIC]

OK...OK...I'm not really that bad a guy...Ski, I believe you are on the wrong track...RSI and EPS at stockcharts is not what Pete is talking about...Correct me if I am wrong Pete.

Once Pete confirms that I am right (or wrong)...I'll tell 'ya how to do it...Well, I guess if I'm wrong I won't tell 'ya...But I am somewhat of an "Authority" on running stockcharts scans...LOL

[billyjoe]

Doug,
I think that's the problem. You'll never get 2 sources agreeing on RS and EPS or how to figure it. We know the IIC RS differs from IBD and probably everyone else. IBD's EPS is unique to them. Everybody thinks theirs is the best way so I say my mish mash of sources is as good as anyone's. Throw in an astrologic sign or 2 and you'll really have something.

---------------billyjoe

[IIC]

Doug,
I think that's the problem. You'll never get 2 sources agreeing on RS and EPS or how to figure it. We know the IIC RS differs from IBD and probably everyone else. IBD's EPS is unique to them. Everybody thinks theirs is the best way so I say my mish mash of sources is as good as anyone's. Throw in an astrologic sign or 2 and you'll really have something.

---------------billyjoe

52 week RS is very simple to figure out...Except for the treatment of IPO's within the past 52 weeks...It is just a comparison thing...Our RS numbers are regularly within 3 pts of the IBD RS numbers...Reason that some are not is that the IPO's are obviously calc'd differently (we don't know how they do it), the fact that IBD is comparing about 1,000 more stocks than we have in our database and we use 1-100 rather than 1-99...However, I have noticed that the Higher RS stocks have a lot less difference in ranking than the Lower RS stocks...I don't know if they or we have a programming problem???

EPS percentile ranking is a different story...My friends have been working on mimicking IBD's formula...However, since IBD weights it...That is very difficult because we don't know how they do it...So, our EPS rankings are often 5-20 pts off of their's.

[skiracer]

Doug,
Did you run your scan on StockCharts Advanced Scan Interface? I would like to know what parameters you plugged in to get your stocks.

[IIC]

Billy...What I am waiting for is for Pete to clarify his criteria.

If I read him right, he is looking for RS (Which is not the same as RSI) >80 and EPS >80...I believe he is looking for percentile ranks similar to IBD's???

If that is what he is looking for...Stockcharts does not have that info...And it is a waste of time trying to find it at stockcharts...As I said, RSI is not RS and EPS at stockcharts is a number...not a percentile ranking...PETE????

However, double the 52 week low and all time high data(10yrs at least) is available at stockcharts.

[IIC]

Doug,
Did you run your scan on StockCharts Advanced Scan Interface? I would like to know what parameters you plugged in to get your stocks.

You know I like to give you a hard time...Just as you do me...However, as I posted, I want Pete to clarify a few things...I think I know what he is looking for...But, I could be wrong (Wouldn't be the first time)...So, when he does...If I am right...I'll post it...If I am wrong then I'll just post that I was wrong.

Pete???????????????

[skiracer]

[However, double the 52 week low and all time high data(10yrs at least) is available at stockcharts.] Quote

I would like to know how you plugged this one in please.

[IIC]

[However, double the 52 week low and all time high data(10yrs at least) is available at stockcharts.] Quote

I would like to know how you plugged this one in please.

OK...OK...Let me get this together...I saw Pete online but he didn't post...I will answer you in about 5 mins

[IIC]

What Pete is looking for IMO:

1) The Stock must have doubled its 52 week low.

2) The Stock must have an earnings per share (EPS) of 80 , minimum...... and relative strength (RS) of 80 , minimum

3) The Stock must be making a NEW Historic all time HIGH

4) The stock must sell for 2 dollars or more

Here is how I did it:

I go to my friend's database that he let's me have access to...(But you can do a VERY similar scan at DailyGraphsOnline(I tried it and only came up w/ one more stock than my friend had)

You scan for 80 RS, 80 EPS, New 52 week hi.

Copy those to .xls

You go to stockcharts.com

Run this scan:

[type = stock] and [country = us] and [today's close > yesterday's daily min(260,low)*2] and [Close > 1.99] and [today's high > yesterday's daily max(720,high)]

Copy those to .csv (which should be readable in .xls)

For some reason at SC I was not getting anything beyond 720 days???(3 years)...I don't know why???

Combine the lists and look for duplicates...I did so and got 13...I looked at 13 charts and determind that one did not meet an all time high on Friday.

Seems long...But it was not.

Of course, I have access to my friend's proprietary database...But, it appears that the same(or very similar) scan can be run via DailyGraphs and Stockcharts...But neither of them alone can provide the info...Best, Doug(IIC)