looking for comments on a stock screen

[scifos]

I wanted to try out an idea I had, a msn stock screen with the following criteria:
3-Month Relative Strength >= High as Possible
3-Month Relative Strength >= 6-Month Relative Strength
6-Month Relative Strength >= 12-Month Relative Strength
Rating >= 8

The >=8 rating is to weed out crap, other than that is just finds stocks with hight rel strength that is getting even stronger. Seems like it would be too simple, but could work if I keep a close eye on the stocks, as I have a feeling that very high rel strength stocks are vunerable to sudden sharp downturns as their price overheats, I could rebalance weekly perhaps.

Any comments welcome.

EDIT: as of 3-14-04 top fifteen are:
ALLB, AMIC, CIX, CYBE, CYTC, IO, LIC, LICB, POSS, SF, SNDS, TNP, VTS, WIRE

If anyone is intrested, I can update this thread w/ results and port changes.

[mcole74]

Interesting.
I'd like to see results.
One tweak you might consider is to add: Avg. Dail volume>xxxxxx.
There are a few on there that are obscenely low (less than 2k). Everyone has to decide for himself what is acceptable, but I don't think I'd even look at a stock that did less than 10k/day... also, that number depends on how much you intend to invest. Do you WANT to hold a number of shares that is 10% of the daily volume? 50%? I'm a a small-time investor and will look at stocks above 25k/day, but really prefer about 70k+.

[scifos]

I might add that, and a minimum price as well. Its all play money so risk doesn't really matter.