Hershey's Equity thread

[gms]

Quote from bubba7:

cool dicussion of what I am not doing.

Exactly right. Your level of communication is not in the place it should be. Some of us will hopefully misunderstand your misstatements and luckily end up correctly understanding you. Others will have gaps and holes caused by incorrect assumptions as they preen out meaning. But why would any of that be preferred?

What I more appreciate are those who step forward to state unequivocally the details in the steps. That's very helpful. Without understanding better than that, I can only point out the cracks in the steps. Don't criticize me for that, I'm trying to understand you. And don't criticize me for your level of communication, that's not my fault.

I've managed to suss out that there is a 'hot list', which is a fourth list. That this list is comprised of 4 stocks from the much discussed 3 lists. Though I don't see it stated, I infer the amount of 4 from the directed use of 1/4 equity you gave. However, search I may, search I might, I can't seem to find just what is the criteria for culling the 30 tickers into 4, aside from lots of mention of 0s, 1s and 7s, and 0s becoming 7s. As 0s are 0s and 7s are 7s until they rank differently sometime in the future, and as that alone doesn't signify why they are admitted presently to a pared down list, I'd like to know what is the criteria that makes any of the 30 a member of the hot list.

 

[izeickl]

Quote from gms:

Exactly right. Your level of communication is not in the place it should be. Some of us will hopefully misunderstand your misstatements and luckily end up correctly understanding you. Others will have gaps and holes caused by incorrect assumptions as they preen out meaning. But why would any of that be preferred?

What I more appreciate are those who step forward to state unequivocally the details in the steps. That's very helpful. Without understanding better than that, I can only point out the cracks in the steps. Don't criticize me for that, I'm trying to understand you. And don't criticize me for your level of communication, that's not my fault.

I've managed to suss out that there is a 'hot list', which is a fourth list. That this list is comprised of 4 stocks from the much discussed 3 lists. Though I don't see it stated, I infer the amount of 4 from the directed use of 1/4 equity you gave. However, search I may, search I might, I can't seem to find just what is the criteria for culling the 30 tickers into 4, aside from lots of mention of 0s, 1s and 7s, and 0s becoming 7s. As 0s are 0s and 7s are 7s until they rank differently sometime in the future, and as that alone doesn't signify why they are admitted presently to a pared down list, I'd like to know what is the criteria that makes any of the 30 a member of the hot list.

As Jack did state, you work out the rankings of each stock.

For each of your 3 lists of 10. Do This.

Find the stocks in the list that have 20%+ gains in 6 or 8 day cycles in the past 6 months. A minimum of 5 such cycles must be found per stock for it to make the "cut".

Then, for each of those stocks, plug the figures into the assesment sheets.... Date, base price, peak price etc, you can find examples of these from the ones I and others have posted...this will give you a ranking, which is basically the percentage gained per day on average. Some stocks I found to have more than 5 such cycles, with these I tried to get an even spread over time from the 6 month period.

To then get your "Top 10" list, you simply take from the stocks that made the cut those with the highest rank/average gains from ALL three lists.

If you look back on some of my previous posts, I show my three lists. The stocks I picked from those lists with 5 or more 20%+ gains in past 6 months, then my top 10 ranking stocks of those meeting the cut.

 

[jack hershey]

We need To begin our daily evening routine soon.

Today we missed monitoring. That is my fault for a couple of reasons. I did not pick up the hot list last night and I did not set up for monitoring the hot list until recently.

The common five hot list stocks did not BO today and their volume was in the DU range except for SINA.

I will give you the monitoring quote sheet set up by tomorrow am.

Fill in the Daily RR sheet for all hot list stocks (do the five common ones and others you choose in excess of the core five). I atteached one that is typed. We use this info all week so you either type it and run copies or you pencil it and run copies--your call.

Someone can clear this example and post a clean one for everyone.

 

[gms]

Quote from izeickl:

Then, for each of those stocks, plug the figures into the assesment sheets.... Date, base price, peak price etc, you can find examples of these from the ones I and others have posted...

Thank you, concise one. Here's a question: I notice on your assessment sheet (SGMA) that you use the closing price for the peaks, not the high price. Is that the recommended procedure?

Also, as I don't have amibroker or any neato keno charting software, except QT and online at Wealth-lab, any recommendations for working on how to find 20% cyclical movement?

 

[bubba7]

Quote from gotta_trade:




Jack,

Is it possible for me to pick the stocks for the Hot List, from the other lists, without using the assessment sheet?

Can I do it by hand?

Thanks,
gotta_trade

You make a good point. Most experienced traders have an approach. They will want to stick with what is equal or better than what I do. The changes they make to an system is a refinement process.

The assessment sheet serves one purpose. It gives you overlapping cycles (four a month about) than you can put your moneu into to make, under current conditions, 4 cycles over 10% usually in a month. One of vorso's was 36% in 4 days as a consequence of using the stuff here.

You want to eye ball instead of iether bulking with sheets as writing stuff down or slipping the list onto an automatic software thing that rips it out at the speed of lite.

The key advantage of working with the group is that you all can help each other out. Their is a myth about keeping stuff secret so you have an edge or something. Forego the myth for a while.

When Vorso mentions a stock specificaly that did 36% in 4 days, it helps others get a picture of a person who increased his assets by 1/3 in 4 days. Because of the multi stream approach, you also undestande he has other streams of money working too, they are only making 10 to 15% however. when Trend fader types 123 culled pages that I have to scout all over the place to foind he did 100 trades nd only 25% of hem made 2.5R, I know I have a person who is not choosing stocks well for 75% of his trades. I also know that a 31.00 stock called PG is one of those trades. So i can then find out what an R is on PG for the time he held it and get to the % profit he made. Do I have to scout around on GMS and inandlong and 18,000 other members? Usually. Here I am suggesting that people cut through the secrecy myth. Trend fader is not too whatever as you all see.

 

[izeickl]

Quote from gms:

Thank you, concise one. Here's a question: I notice on your assessment sheet (SGMA) that you use the closing price for the peaks, not the high price. Is that the recommended procedure?

Also, as I don't have amibroker or any neato keno charting software, except QT and online at Wealth-lab, any recommendations for working on how to find 20% cyclical movement?

I do not know if using close was correct, some one else used low/high, I just thought that as this seemed more of an EOD system I would use closes and avoid spikes. Jack seemed to be happy either way although I admit it could make a difference.

Jack any comment on which to use?

Jack mentioned just using Clearstation and working out the gains by eye, I wasnt too good at that so just wrote a little script to work it out for me as I thought if im doing this repeatedly i will save myself time. I havent tried wealth lab etc, do they allow custom indicators?

BTW> I recommend Amibroker, its only 99 bucks for the cheapest version (its the "non real time version" but that only means it cant do Tick data, I still use it for 1 min real time charts)
www.amibroker.com

You can then get free EOD data from ESignal.

 

[bubba7]

Quote from gms:

But now, you must understand the correlation between being 'concise and clear and to the point'

snip..

A lecturer refusing to make himself clear is like a student who mumbles his answers, isn't it?

I see K and I as a set, set F. So I refer to the set in the singular and you do not. You missed my point.

I am into transference of one set to get a new larger set.

I can give A which is not the K and I set F. A is not a zillion other sets either. A is a set whose integrated parts are skills and substantive stuff.

synergistically, added to this (See whole paragraph above) is input from the practitioner. I seek to see what the person adds. I hope for one thing only: experience. It will not be experience only. It will be a montage of whatever mixed with experience.

So I perform the sieving functions required.

All of this computes successfully as "transference". "Transference" does not occur without both of us "working"

Work is a time bound function. I, redundantly, work on the same bounded scene to make it real and excellent.

Why I typed all of this is because it is an efficient exercise for me to accomplish with others than you what they want to have happen. For them this is further repeated explanation of how they are getting rich, very rich.

 

[bubba7]

Quote from gms:

Exactly right. Your level of communication is not in the place it should

snip

.

you dropped the ball somewhere. do not worry about it. as a detail rather than a concept person , I need to synthesize this for you instead of give you an analysis of the method.

Too late, I am past that and the crew is performing here quite well.

Run four streams of money. Divide capital into four parts to get four streams.

Buy different stocks with each stream and sell too.

Stocks are culled 16,000 to 110 or so.

the culling is sorted. so we must go to the parts of the list to get what we need.

We need stocks that will breakout this week.

Picture a trough.

we get stocks that are near the trough.

10 on the right. (these are called 7's.)

10 on the left. (These are called 0's.)

10 more. The onlyvaluable place they could be located is in a place where, from where they are, they too, will go through the trough. (they are to the left of the 0's.)

We got the ten best because we need 4. They came from the three lists. That's all I know.

Two people chose them as volunteers. Five overlap. None of the five broke out.

Now we are going to check out these five on a sheet labelled Daily RR.

Since I am not beating the bushes hard enough to get the DU, FRV and peaking volumes on the hot list, I am sneaking in through the back door with it on a second pass. I mentioned glossary too. In the glossary you find Go To's. If you look in it, you are told to go to another place to see related stuff.

Volume will show up.

What was neat about the hot list five core stocks is that they fell about as much as their ranks said they would. Their down money velocity was on low volume. They are landing for us.

Some people are reading between the lines here. Good for you stay in between and do not extrapolate on the outsides.

 

[bubba7]

Quote from izeickl:



Do This.

then my top 10 ranking stocks of those meeting the cut.

Precisely. Now we all know what excellent reception is in the process of trensference. I am, of course, crapping up what i do.

 

[izeickl]

Quote from bubba7:


Since I am not beating the bushes hard enough to get the DU, FRV and peaking volumes on the hot list, I am sneaking in through the back door with it on a second pass. I mentioned glossary too. In the glossary you find Go To's. If you look in it, you are told to go to another place to see related stuff.

A Q if you will.

The DU, FRV, and peak volumes, is this for each cycle of the stocks we have "hot listed"? Or is this only for the days monitoring? Or both, do we do a comparison on the previous cycles with each day we are monitoring?