Stocks on my screens

[New-born baby]

Stockcharts

I'm not familiar with the Chankin Money Flow indicator. Are you referring to the Chaikin Oscillator? Or Chankin Volatility indicator?

Dave,
Stockcharts has the CMF on its indicator list. It also sports an explanation of the indicator and how to use it. Check it out . . . .

[scifos]

In summary, a nice screen. GNI, TEO, FTO,UST are my immediate favs, with GNI my favorite of them all. BUT NO option chain. UGH!
Thanks for posting the scans. Please do it again.

The thinking is that stocks with high ROI can plow their returns back into the biz and ramp up their growth. The low P/E is a signal that at the moment the biz is cheap for some reason (or no reason, sometimes wallstreet is crazy). And the % price change is just to try and get into stuff that's actually got a pulse.

I could add a volume criteria as well, and I'm usually skeptical of ADRs cuz they might not have the same transparency as domestic stocks.

[scifos]

Above list is doing well today, was up an average of .8% yesterday and about the same again so far today:

http://finance.yahoo.com/q/cq?d=v1&s=PWEI+HWG+FTO+RNWK+NRT+GNI+TEO+BHS+AKAM+JUPM+PNRG+UST+FDG+FMD

[scifos]

Well the 14 i listed (15 minus the odd VTKHY) did pretty well so far.

Symbol Paid Current % Change
PNRG 64.9 69.68 7.365
FDG 37.3 39.15 4.96
PWEI 26.46 27.75 4.875
JUPM 17.58 18.41 4.721
FTO 53.92 56.38 4.562
BHS 50.8 52.9 4.134
RNWK 8.22 8.32 1.217
TEO 13.61 13.73 0.882
NRT 28.75 28.91 0.557
GNI 134.36 135 0.476
AKAM 29.04 28.89 -0.517
UST 41.2 40.82 -0.922
HWG 141 136.25 -3.369
FMD 44.99 43.29 -3.779

For an average gain of 1.80%.

[scifos]

Here's the preliminary 15 for the PE/ROI/Pricechange screen described above:

http://nickcarda.googlepages.com/

[scifos]

Here's the preliminary 15 for the PE/ROI/Pricechange screen described above:

http://nickcarda.googlepages.com/

The list is off to a fast start today, up over 2.27%

http://finance.yahoo.com/q/cq?d=v1&s=PWEI+FTO+BHS+JUPM+MTEX+PNRG+GNI+RNWK+FMD+AKAM+HOC+ITWO+TEO+DPZ+NSS

[scifos]

Up again today 1.75%

http://finance.yahoo.com/q/cq?d=v1&s=PWEI+FTO+BHS+JUPM+MTEX+PNRG+GNI+RNWK+FMD+AKAM+HOC+ITWO+TEO+DPZ+NSS

Week-to-date the list is up 3.10%

[scifos]

Is anyone interested in those "Deep Discount" picks? I could post some more screen results if anyone wants. I haven't been tracking any of them since I last posted about them.

[scifos]

Something I've been thinking about today: What if I build a list of stocks that have a high daily (or weekly) average % change. From that list, pick a few, say 2 to 4, that are in a strong uptrend. I'd buy those stocks, and sell after the group hits a predetermined SMALL % gain, like 1.5% or 2%.

If I do a good job picking strongly trending stocks with good average % changes, there should be a good chance that sometime during the week I'd be up 1.5%. I'm just pulling numbers out of my head, but if I can bank 1.5% per week 75% of the time, and tightly limit my downside I could make at least 40% a year or more.

Thoughts?

[skiracer]

Something I've been thinking about today: What if I build a list of stocks that have a high daily (or weekly) average % change. From that list, pick a few, say 2 to 4, that are in a strong uptrend. I'd buy those stocks, and sell after the group hits a predetermined SMALL % gain, like 1.5% or 2%.

If I do a good job picking strongly trending stocks with good average % changes, there should be a good chance that sometime during the week I'd be up 1.5%. I'm just pulling numbers out of my head, but if I can bank 1.5% per week 75% of the time, and tightly limit my downside I could make at least 40% a year or more.

Thoughts?

Mathematically that would work but there have been quite a number of posters here who have spoken of doing the same thing. Apparently no one has done it yet for whatever reasons. 40% gain over the year is hard to do no matter how you approach it. The only thing to do is try it out systematically as you've posted for a decent period of time.

[New-born baby]

Something I've been thinking about today: What if I build a list of stocks that have a high daily (or weekly) average % change. From that list, pick a few, say 2 to 4, that are in a strong uptrend. I'd buy those stocks, and sell after the group hits a predetermined SMALL % gain, like 1.5% or 2%.

If I do a good job picking strongly trending stocks with good average % changes, there should be a good chance that sometime during the week I'd be up 1.5%. I'm just pulling numbers out of my head, but if I can bank 1.5% per week 75% of the time, and tightly limit my downside I could make at least 40% a year or more.

Thoughts?

Scifos,
I am all for it. Please do it and post it. I'd love it.

[scifos]

Mathematically that would work but there have been quite a number of posters here who have spoken of doing the same thing. Apparently no one has done it yet for whatever reasons. 40% gain over the year is hard to do no matter how you approach it. The only thing to do is try it out systematically as you've posted for a decent period of time.

A problem with this kind of approach is that I'd really have to pick good stocks and I'll need very very tight stops. If I'm looking for a 3:1 r/r ratio then for a 1.5% reward I'd have to set my stop at 0.5% below the purchase price. Even getting 4 or 5 weeks where the pick dropped 5% would kill the portfolio.

I could try setting an initial stop at -2%, raise it to even when I reach 1.5%, raise it to 1.5% when I hit 2%, and then just let it ride for the rest of the week.

[DSteckler]

<< If I'm looking for a 3:1 r/r ratio then for a 1.5% reward I'd have to set my stop at 0.5% below the purchase price. >>

That's the killer right there. A 1/2 percent stop on a $20 stock is 10 cents. The spread on some stocks can be that much.

[scifos]

Yeah, it might be better to just focus on picking stocks that are strongly trending up with a good average % change. Take a look at BEAS for example, over the last 15 days its up days have averaged 1.27%, while its down days have only averaged -0.21%. On top of that, in the last 15 days 80% of the days it goes up. Perhaps with stats like that we don't need stops so tight? Seems like with a stock like BEAS I could hit a small 1.5% or 2% target pretty quick (subject to looking at the chart, i'd nix it if it looks like it's toped for now.)
ISRG and NIHD are also ones that look like they could fit this approach.

[New-born baby]

3 trades only

That's the killer right there. A 1/2 percent stop on a $20 stock is 10 cents. The spread on some stocks can be that much.

Which brings us to this:
you have only three types of possible trades to make on these strong trending stocks:
1. A retracement play, where the stock pulls back and you attempt to jump on a bargain.
2. Or you'll have to wait for a breakout, and join in the fun.
3. Or you'll have to wait for a "test" of a known support/resistance line and trade in the direction of the trend.

I still want to see those stocks. But then we will just have to carefully pick our entries. You cannot do the MM thing of "FA only and jump in" without being stopped out in a hurry.