Hershey's Equity thread

Status
Not open for further replies.
Here are the picks I came up with to watch for the week. But first Iwould like straighten out the scoring. the lists are scored as I understand it as follows.

List 1,comes from the bottom of sort, are stocks that are going to break out the next day. Score for list is 0

List 2, comes from the top of sort, are stock already broken out , score for list is 1

List 3, comes from the middle of sort, are stocks that sre going to break out after the first two lists. Score for list is 7

If the above statements are correct then the Hot list is correct

Hot List
1 NTES 5.73 7
2 SOHU 5.29 7
3 SINA 4.86 7
4 NWRE 4.45 1
5 ASKJ 4.39 0
6 ERES 4.38 0
7 LAVA 4.00 0
8 LEND 3.86 7
9 FDRY 3.81 7
10 UTSI 2.40 7

As I understand things #4,5,6,7 should be watched tomorrow for pro rata volume on the faster fractal. I'll be watching these for sure
 
Sorry, sorry,sorry, I have list 2 and 3 backwards. Thank God for three ring binders. Here is the corrected Hot list

1 NTES 5.73 score 1
2 SOHU 5.29 1
3 SINA 4.86 1
4 NWRE 4.45 7
5 ASKJ 4.39 0
6 ERES 4.38 0
7 LAVA 4.00 0
8 LEND 3.86 1
9 FDRY 3.81 1
10 UTSI 2.40 1


4,5,6,7 are still the same.
 
I'd like to chime in on this as I have tried Jack's equity method over the past few months.
My version of the method was based on my understanding Jack's posts on ET and the MSN site, and it was incomplete. I wasn't doing assessments or keeping stop logs either. I was entering trades before close of a FRV day and held them for 1-3 days. When the BOs did not fail, I nailed 10-15% over a day or two. I've had many failed BOs too, they became prevalent after the mkt rally ran its course and earnings season started.

I'd like to comment on one filter that I deem very important for this method - the float, which should be between 5-30 mln. Stocks with thin floats pop like crazy when some buying comes in (and drop like rocks too).

I haven't had the chance to do my assessments yet, so I looked at the ones posted. On Moz's list, UTSI and FDRY have floats of 73 and 98 mln, way over the limit of 30 mln. According to this filter, they should be removed from the lists.

Izeickl's assesment ranks are different from Moz's because he uses 8 days for all base-to-peak # of days - I think the correct way is to use the actual # of days.

Another comment regarding volume: Jack indicates a cutoff at 200k - I think this refers to AVERAGE volume (65 day avg). In some posts on MSN, he mentioned that one could go as low as 100k for DAILY volume, which is what StockTables is showing. Some stocks may have a daily < 200k especially when they're DU, with avg volumes well in excess of 200k. VTAL is an example - it had a 36% run in 4 days starting Jun 23.

Jack can you please comment on this.

Real glad to see this thread kicking off and drawing so much interest. It also means more buying into these stocks :). Thanks everyone and good luck.
 
List 1 (0's) Bottom 10 Vol > 200 000
~~~~~~

LAVA ENDP AVID PSUN HELE ERES ASKJ ESI DRIV NFLX

Skimmed Picks & Ranks
~~~~~~~~~~~~~
4.38 ASKJ
3.75 DRIV
3.74 LAVA
3.19 NFLX

####################


List 2 (7's) Top 10, Price Gains Only, Vol > 200 000
~~~~~~
NWRE ELBO MRVL SGMA SLAB POWI OVTI MATK ATRS LEXR

Skimmed Picks & Ranks
~~~~~~~~~~~~~
3.35 ATRS
4.78 LEXR
3.26 OVTI
4.76 SGMA

#################

List 3 (1's) List 1 Continuation
~~~~~~
SINA FDRY UTSI APPX NTES ODSY KYPH SOHU LEND YHOO

Skimmed Picks & Ranks
~~~~~~~~~~~~~

5.26 SINA
3.42 APPX
5.00 NTES
4.37 SOHU


################

Overall Top 10 By Highest Rank
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SINA, NTES, LEXR, SGMA, ASKJ, SOHU, DRIV, LAVA, APPX, ATRS
 
Quote from vorzo:

the float, which should be between 5-30 mln.
More...
Is the float obtained on that stocktables list, if not, then what's an appropriate method to do so?
 
Quote from gms:

Is the float obtained on that stocktables list, if not, then what's an appropriate method to do so?
More...

I get it from QCharts. I assume higher end charting packeges have it too.
 
Status
Not open for further replies.
Back
Top