Question about Steve Woods 2400% return

i was reading his newsletters and definitions.

from his news letter (all of them) he defines,

Short term – days to weeks
Intermediate term – weeks to months
Long term – months to years

Now, this is pretty savvy way of defining terms. i guess for him days/weeks/months/years are totally exclusive. he forgot seconds, minutes and hours

may be he should define his time 'term' as
'days to weeks to months to years'. it's like saying i predict the stock 'some day it will go up' or 'some day it will go down'

this is what happens when school teachers start writing trading books and call themselves 'visionaries' in the trading world.

i have to credit him for his discovery (if) and work done though.
i have respect for anyone who takes time and writes books.

for professional traders, it is totally waste of time as there is no clear proof (paper or real) in the book. besides a defined trading-time of like 'days to years' may suit steve woods but that is beyond vague definition for any trader.
 
Steve, It's nice of you to take time to answer questions. I hope you will answer one for me. I have been trying to use increases in volume in my scans for a while and have been confused by it.

Question:

IGT normally trades about 1.3 million shares per session. On 8-31-01 it traded upwords of 9 million shares! Ok that raises a flag in my scanning and in the next 3 days the price of IGT goes up a little. Then from 9-06-01 it's dumpola on this baby! Nice short.


ACS normally trades about 600 thousand shares per session. On 6-26-01 it trades upwards of 18 million shares! In the next couple of days it drops fro $74.00 to about $70.00 then it bounces off the 50DMA and continues a climb to test $86.00 several times.

According to Chaiken Money Fow both companies were positive.

How from your type of analysis would you discern that one stock would be a fine short candidate and the other a fine long?

Thanks for any answer you can give me.

~EC
 
I get a statement from my broker every month. If I wanted to post them I could scan them into my computer and do so. Might take 30 minutes or so. Surely you can spare that much time.
 
If you look back, from sept. 99 to jan 00 was the bullest stretch of the bull market, running up over 1200 points. Anybody purchasing a couple of the right stocks could have made tremendous gains.
 
Hi El Cazador,

I think the ACS volume number of 18 million on 6/26/01 is inaccurate. I checked with two sources and I'm getting 252,600.

Looking at my charts the big difference between these two stocks it that on 7/19 IGT made a float turnover top formation by dropping below the lower line of the float turnover trading range. This left the ownership at the top stuck whereas with ACS the price has just continued to rise up above the float turnover support which has been below it.

By the way, thanks for pointing out ACS to me. It's starting to show topping action and will most likely drop abruptly any day.

Best regards,

Steve Woods
 
I think the ACS volume number of 18 million on 6/26/01 is inaccurate. I checked with two sources and I'm getting 252,600.

I checked with TC2000's database (which has proven to be pretty accurate historically) and they also list the volume that day at 252,600.
 
That's what the carpenters say. I'll be checking at least two sources for data from now on. I was just going by the daily charts on Microsoft Investor.

Steve and Magna, thank you for the responses.


~EC


MJT I just signed up for a trial of Steve's newletter today and it is probably too late to get a good sample of them before the trial runs out so... You offered to send out some of the old ones you have. If you are still willing to do that could I get a copy of them?

And Steve, is there any way we could just review an archive of the old Newsletters while at www.floatanalysis.com?

 
Hello Elcazador,

At some point we plan to archive the newsletters.

But for now when my presently free newsletter becomes a paid subscription endeavor I will begin sending out free stock reports weekly. This will differ from the paid subcription newsletter in that we'll be sending out examples of winning stocks that were previouly in the newsletter.

So sign up for the free newsletter and then you'll get the reports when we start those up.

Best regards,

Steve Woods
 
Dear Nicodemus and everyone else on this thread,

I have realized from the discussion here that I really can't go around saying that I made 2400% without having it certified by an accountant even if I know it to be true. And so I've decided to do just that.

To that end, does anyone on this thread know of accountants that specialize in certifying trading results?

In addition, I also realized that even when this occurs most of you won't be impressed because it happened during the last days of the Big Bull Market. This is not my problem. If what you are looking for is someone to impress you, I hope your quest is a rewarding one. If what you are looking for is a new approach to making money of Wall Street I hope you take a closer look at Float Analysis.

I received an email from one of my free newsletter subcribers just yesterday. Here's what he said:

"Hello Mr.WOODS !!!

I am a student-subscriber from Austria/Europe of your Free Newsletter since January 2001. Your
Track Record in the last 9 months is amazing and gave me the chance to finance the Fee for my
university and also to understand the great discoveries from your work. I read your book in my
summer holidays and I will tell you "THANK YOU" for your work in your book!!!

I want to subscribe from October the 1st your Newsletter/ Trading Alerts, but on your Homepage I
did not found your account number, name of the bank, ... for making a transaction !
My intension is to pay for 12 month (12x15USD=180USD), if it´s possible ???
Please response soon as possible!

Best regards,
Mr. MAGGAUER K"

Now for those of you who will read this letter and immediately doubt its validity. I can only say you deserve the consciousness in which you live.

Best regards,

Steve Woods:)
 
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