Discussion of Karel's MrMarket approximation

[siliconhippy]

MrMarket mimic model

"I think should be very close to the model MM uses on his web site, I am also working on a spread sheet that automates most of this process for you. When I get it done I will post it here."

Jason,

When do you think you can come up with automating the method proposed by Karel? This would be really HUGE

Is there a way to direct queries to one website only (e.g. MSN), as opposed to both MSN (screen) and Yahoo (hist quotes) ?

Regards,

SiliconHippy

[Jason Monette]

I actually redid the screens, made a spread sheet, and I am testing it right now. If you want I can send you everything I have so you can help out with the testing. So far so good, Drop me an Email and I will send you everything.

Jason

[siliconhippy]

Jason,

Great !

BTW, I trolled both MSN and Yahoo Finance again, and I found out that while MSN still does not have hist quotes, www.finance.yahoo.com now does have its own Java stock screener.

There are 150 criteria like www.moneycentral.com (under stocks>screener) but there seem to be slight differences, e.g. <%Price exceed 52 week high> (under Growth criteria.) It is a bit slow in booting up, but can presumably be fast enough on repetitions. Maybe you can check to see if this can simplify the task.

I just wish MSN would have hist quotes, since their site is better organized than Yahoo's. But then, nobody is perfect (except Mr. HUGE ? )

My e-mail is below. Feel free to send me the files.

Cheers,

[email protected]

[Jason Monette]

email sent

[Jason Monette]

Siliconhippy,

Hey I am trying to email what I am working on, but it says that the delivery has failed, are you getting my emails?

Jason

Jason,

Great !

BTW, I trolled both MSN and Yahoo Finance again, and I found out that while MSN still does not have hist quotes, www.finance.yahoo.com now does have its own Java stock screener.

There are 150 criteria like www.moneycentral.com (under stocks>screener) but there seem to be slight differences, e.g. <%Price exceed 52 week high> (under Growth criteria.) It is a bit slow in booting up, but can presumably be fast enough on repetitions. Maybe you can check to see if this can simplify the task.

I just wish MSN would have hist quotes, since their site is better organized than Yahoo's. But then, nobody is perfect (except Mr. HUGE ? )

My e-mail is below. Feel free to send me the files.

Cheers,

[email protected]

[JerzeyGuy]

Does this sound right?

Hi Karel,

Thanks for setting up Mr. Market's model. It is great. My run produced these stocks (in order) last night. Does this sound right? Thanks

FPIC
RSTI
GI
CCRT
CRDN
NFI
TSO
PTRY
TASR
SCHN
NCEN

[Karel]

Re: Does this sound right?

Does this sound right?

Sorry, I didn't have time to run the model. I'll probably give it a swing after Tuesday close; tomorrow morning for me. (I have 4 open positions )

Regards,

Karel

[scottieahmed]

to karel

Karel,

Hello. I am new to the site. I must say, I am impressed with the success that has been displaed on this site, and how this people really seem to be willing to talk to people. While I am new to investing, I thought that as I learned more about this world, i would go ahead and run your screens, just to see if they all returned results. My question is that it does not seem likely that a screen would turn up nothing, but when I ran screen 2, no results were returned. Is that possible, or am I doing something wrong? Thank you very much for your time. I look forward to learning more about investing and making good decisions in investing in the future.

[Karel]

Hi scottieahmed,

it's perfectly possible that a screen returns no stocks; especially screen 2. This doesn't really matter, as long the total number of stocks returned by all the screens is great enough. Good luck with the screens, and a (again) some warning: they are not as well tested by far as Ernie's original screens.

Regards, Karel

[scottieahmed]

thanks carl

Karel,

Thanks a lot! I am going to test the screens for a while and see how the stocks that i pick do. I am hoping to have a portfolio of about 6-10 positions, but i do have a question. Theoretically, i could run the screen every day for 6-10 days and use the "winner" that I pick. My question is if it is "ok" to run the model that often? I guess that you could just keep running the model and picking a stock as often as you want, but is there some sort of time that is prudent to wait between each time that you run the model and pick a stock? Should i run the model, wait a week, run the model again, wait a week, etc... Do you have any thoughts or feelings about this? I am going to create a fake portfolio to track the stocks for a while and see how your screens and my "human" touch work. Again, thanks for answering my questions.

Scottie

[Karel]

Hello Scottie,

testing the screens like you plan to do is an excellent idea. About running the screens: you could run them as often as you like, and when a previous pick is also the next winner, you just go one (or if necessary more) down. MrMarket himself never buys a stock he has sold recently, nor does he double up. But I don't think it is a bad idea to wait at least a week between 'runs'. This might help a bit in diversification (not otherwise in the system).

Success!

Karel

[scottieahmed]

Thanks Karel...I was thinking about 1 week between each screen would be good. Gives me time on the weekend to do the human research as well. Do you use these screens to make investment decisions? Have you been happy with the picks that you have been seeing with these approximations?


Scottie

[Karel]

Yes, and yes! I hope your tests bear it out!

Regards,

Karel

[Karel]

I moved the discussion of the Mimicking MrMarket approximation over here, to keep the reference section as uncluttered as possible.

Regards,

Karel

[Dave]

Karel has done GREAT work here. I use those screens, slightly modified to get a few more tickers in there, coupled with the slightly modified Excel setup and it has done VERY well so far. I currently hold 2 stocks at once, one I pick, and one $$$MR MARKET$$$ pick.

Three cheers for Ernie and Karel!

-Dave