Spydertrader's Jack Hershey Equities Journal II

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foible. it's not like i didn't read the journal. my ONLY problem lies in the Equities Ranking system.. because i'm not getting any ranks. that's it. i was just wondering if it was because the program was outdated... which it is.... 'cuz since his first post, v.1 no longer works.... v4. does. and since i am just starting from the beginning and taking it step by step..... i wont know whether or not he said in his 355 posts of the journal that he has recently made a new version of it , and that the old one is obsolete.

Gp, could you maybe help me verify some of those symbols from my list? 'cuz all i got were NONE for ranks for all of them

your COGO did give mea rank though. weird
 
Quote from chiefraven:

foible. it's not like i didn't read the journal. my ONLY problem lies in the Equities Ranking system.. because i'm not getting any ranks. that's it. i was just wondering if it was because the program was outdated... which it is.... 'cuz since his first post, v.1 no longer works.... v4. does. and since i am just starting from the beginning and taking it step by step..... i wont know whether or not he said in his 355 posts of the journal that he has recently made a new version of it , and that the old one is obsolete.

Gp, could you maybe help me verify some of those symbols from my list? 'cuz all i got were NONE for ranks for all of them

your COGO did give mea rank though. weird
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chiefraven,

i scanned every stock in your 3 lists, and NONE of them have a rank.

Btw, even the Rank script V 1 will still work, but Spyder has added refinements to subsequent versions...

Another point - further on in Journal one, Spyder abandons the creation of the 3 lists, and just puts every symbol that he gets from Stocktables through the RANK SCAN V1.0.0 to find which stocks have rank. Only these stocks are evaluated further... all others are discarded...

Lastly, you are still confused regarding the scripts... please note the distinction between the Rank scripts version 1 - 4, versus the RANK SCAN V1.0.0 script. They serve different purposes...

To help clarify the above, go to the last page of Journal One and study the updated review of the methodology as it stood at the end of the Journal. It will help clarify things for you, then go back to the start of the Journal and read again... it should make more sense then...

Edit: The fact that you get the value NONE for your symbols tells me that you are still using the WRONG SCRIPT for your initial bulk scan...

this is what I received for you symbols:


Scan Results

Scanned WatchList Hershey List with ChartScript Hershey Equities Rank SCAN v. 1.0.0

30 Stocks Scanned:

AHT AKAM ALJ CHRW DNR DRY EGN EYE FTO HEI HITT IAG INT ISSX LIFC LTR LUV MTW NBL NRF OCN PCLN PDS PSSI SBS SII SKX SYKE TFR WSTC
Today's Alerts

(No Alerts)

Notice it says No Alerts.... meaning none of the stocks have a rank. If you look at my previous post with my final universe, the list of stocks with rank would be under a heading called Todays Alerts (I didn't copy and paste that heading)...

Please pay attention to this point...
 
Thanks GP. I tested it again using 3 shortlists i gathered from 8/9's closing data using Equities Rank Scan v. 1.0.0 and i did get a few ranks... 2 out of 30.. not many. but it worked finally.

which brings me to the next step. how can i find the float number? and what are floats anyway? also how can i find stocks that have a 65-day average volume above 200,000 shares. 'cuz most sites dont use the 65-days average... i think yahoo uses 3 months.. which is close but not exactly 65 days.

In addition, i was wondering if anyone could clarify me on a few things i'm confused with. It says in the journal that Jack hershey's method seeks to trade stocks that cycle five times in 6 months. these cycles should appear over 6-8 days and show a gain of 20% or more... so basically we're trying to find stocks with this pattern: "have a gain of 20% or more in 6-8 days" and we want this little pattern to cycle five times in 6 months? so where exactly are we actually screening for these attributes? when we make the 3 shortlists? 'cuz that's not really how we create the 3 shortlists though.... which brings me to another question.

what's the logic behind the method in creating the 3 short lists out of the 100... why are we creating the 1st list starting from the bottom of the 100 stocks and picking ones with volume greater than 200,000? and for the second list, picking only gainers from the top (shouldn't it be gainers that are 20% or greater if we want to match that cycles 5 times theory?) and for the 3rd list choosing the 5 above vol% change of 0 and 5 below it. ? what's the logic behind this method of picking stocks out of the 100? I'm a little confused about this.

and lastly, i know you add stocks from the hotlist you creat each day and add them into your final universe list if you dont already have them in there, to make the list bigger to give you more opportunities, but how will you know when a stock no longer should be in the final universe list? you just have to redo the calculations of ranks and all that once in a while to keep it updated?

sorry for the lengthy post.
 
Quote from chiefraven:

which brings me to the next step. how can i find the float number? and what are floats anyway? also how can i find stocks that have a 65-day average volume above 200,000 shares. 'cuz most sites dont use the 65-days average... i think yahoo uses 3 months.. which is close but not exactly 65 days.
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RTFJ.
 
chiefraven,

You claim to have read the journals (1 and 2), but your questions scream to me that you have not, or you simply don't understand what you have read. re-read them until you do understand.
 
oh no.. i haven't read the all the journals... i'm just reading the first one... just a few pages into it... basically i'm doing all the setting of the hotlists and whatnot along with his posts..... so all of these questions stemmed from his first journal's second post...
 
Do yourself a favor and go the the last page of the first journal and print spydertrader's summary of the Hershey method. Then go back over the journals. It's good to have a sort of outline to hang the details on.

BTW I'm able to do the basic mechanics of the daily scans and entries on volume breakouts and I haven't read *every* single page of both journals. Yes I know it's sacrilege but at least I'm being honest. Rather than read everything, I ended up doing lots of searches for certain terms and asking specific questions about things I couldn't find. Spydertrader has infinite patience.

Heck, I'm even making some money.
 
Here are all of the stocks in my final universe that have rank for your viewing pleasure.

Symbol Date ChartScript Signal Name
ANDE 8/10/2006 Rankscan1 Rank: 3.90
ASPV 8/10/2006 Rankscan1 Rank: 4.09
BTUI 8/10/2006 Rankscan1 Rank: 3.80
CBEY 8/10/2006 Rankscan1 Rank: 5.20
CMED 8/10/2006 Rankscan1 Rank: 3.25
COGO 8/10/2006 Rankscan1 Rank: 3.38
CYBS 8/9/2006 Rankscan1 Rank: 3.93
DXPE 8/10/2006 Rankscan1 Rank: 5.37
EZPW 8/10/2006 Rankscan1 Rank: 3.99
FTEK 8/10/2006 Rankscan1 Rank: 3.91
GIGM 8/10/2006 Rankscan1 Rank: 4.70
GMXR 8/10/2006 Rankscan1 Rank: 3.58
GROW 8/10/2006 Rankscan1 Rank: 3.68
IIIN 8/10/2006 Rankscan1 Rank: 3.85
ININ 8/10/2006 Rankscan1 Rank: 6.34
IPSU 8/10/2006 Rankscan1 Rank: 3.82
JOBS 8/10/2006 Rankscan1 Rank: 5.19
LMIA 8/10/2006 Rankscan1 Rank: 4.45
MATK 8/10/2006 Rankscan1 Rank: 4.21
MGPI 8/10/2006 Rankscan1 Rank: 4.76
MIKR 8/10/2006 Rankscan1 Rank: 5.04
NEU 8/11/2006 Rankscan1 Rank: 3.87
NWRE 8/10/2006 Rankscan1 Rank: 2.78
OMNI 8/10/2006 Rankscan1 Rank: 4.08
PFWD 8/10/2006 Rankscan1 Rank: 4.43
RACK 8/10/2006 Rankscan1 Rank: 3.35
REDF 8/10/2006 Rankscan1 Rank: 6.45
RES 8/11/2006 Rankscan1 Rank: 3.04
SMDI 8/10/2006 Rankscan1 Rank: 4.79
SMSI 8/10/2006 Rankscan1 Rank: 4.27
TIE 8/11/2006 Rankscan1 Rank: 3.86
TXCO 8/10/2006 Rankscan1 Rank: 4.94
VIMC 8/10/2006 Rankscan1 Rank: 6.02
 
I returned from Tucson several hours ago, and thoroughly enjoyed my stay. Having the opportunity to meet so many people (during the IBD Meeting) remains one of the highlights of my trip. Hopefully, many found some value in my presentation. I plan to schedule additional time (perhaps two weeks) on my next visit.

Thanks again to everyone who contributed to the Journal during my absence.

- Spydertrader
 
I added UARM to the Final Universe even though it looks like it might lose its rank in a day or two. Maybe, I can get a nice short trade out of it before UARM loses rank.

- Spydertrader
 
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