Spydertrader's Jack Hershey Equities Journal II

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Quote from dougcs:

I'm waiting for my approval to become a member so I've not been allowed access to the docs.

According to the member lists on the MSN web site, you should now have access to the documents and threads.

- Spydertrader
 
Quote from Spydertrader:

According to the member lists on the MSN web site, you should now have access to the documents and threads.

- Spydertrader

I'm now in. Couldn't get in yesterday.

DS
 
Hi Spidie,

I think I am gonna write a simple Java program to automate the following in your cheat sheet. I will strip the float information and the EPS information from www.clearstation.com and 3-month average volume from yahoo.com. Is there somewhere else to get the 65-day average volume?

To repay karmic debt, I will upload the source and the byte code jar file once it is done. :)

Let me know if anybody has any suggestion. It shouldn't take long in the old days but now I have to find time between trading and babysitting my son.

Good trading!

Quote from Spydertrader:

The scan will generate a list of all stocks In the initial sort which meet the criteria for cycling minimum of five times in six months. Copy this list and manually confirm each symbol meets the following criteria:

1. Have a float less than 60,000,000

2. Have a float greater than 5,000,000

3. Have a 65-day average volume above 200,000 shares

4. Have positive EPS.

****Remember: The above 4 points MUST apply to the stocks you KEEP. If the stock doesn't have the above 4 criteria, you MUST eliminate the stock from your Hotlist.****

You can either use a free fundamental data source (Yahoo, MSN) to manually cull the list, or for increased speed, use QCharts. I use Qcharts. For a free month of Qcharts, send a PM to SVRZ. He can send you the link for the free month.
 
Quote from yharmon:

martys,
You can get the 65 day average volume from Quote.com too.

Hi yharmon,

I am looking at Quote.com but where does it says the Avg Volume is indeed 65-day average volume? Thanks.
 
I am now halfway through the first journal and read most of JH documents but I still didn't find the point where the average daily volume dropped to 200k shares per day. I believe the initial requirement was for at least 600k share/day, so I wonder why this limit dropped. Is this relative to the shares one wish to trade?

On a related subject, shouldn't the float requirements be relative to the stock average daily volumes? A float between 5M and 60M certainly has an impact on stocks that trades, say, 1M shares/day, but how about a stock that trades only 200k share?
 
Quote from ilganzo:

I am now halfway through the first journal and read most of JH documents but I still didn't find the point where the average daily volume dropped to 200k shares per day.

Jack most recently described his methodology in the Oddiduro Thread. Jack used float values of 5 million and 30 million in that thread, and also, mentions a cutoff (for creating lists) at 200,000 shares. Jack posted under the handle bubba7 in that thread. The Closure of Oddiduro's (above Linked) Jack Hershey Equities Thread (and Jack's temporary ban from ET), prompted the creation of the Jack Hershey Strategies MSN Discussion Board.

- Spydertrader
 

Don't know if it is 65-day avg vol on reuter. I think I am gonna use the Yahoo. I got the skeleton of the program down already so maybe I will finish the rest tonight.

Today I took gmxr and kndl. kndl looks like a good do. I jump in ford (Friday's signal) during the pullback but chicken out even after seeing its price slipping further (now rebounded). My broker must be happy.

Good trading to all.
 
Quote from Spydertrader:

Jack most recently described his methodology in the Oddiduro Thread. Jack used float values of 5 million and 30 million in that thread, and also, mentions a cutoff (for creating lists) at 200,000 shares. Jack posted under the handle bubba7 in that thread. The Closure of Oddiduro's (above Linked) Jack Hershey Equities Thread (and Jack's temporary ban from ET), prompted the creation of the Jack Hershey Strategies MSN Discussion Board.

- Spydertrader

OK, but then why the method rules filter for float less than 60,000,000 rather than 30M?
 
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