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.
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.
Quote from ilganzo:
An alternative data source is Reuters:
http://www.investor.reuters.com/Com...get=/stocks/quickinfo/companyprofile/overview
http://www.investor.reuters.com/nscreen/builder.asp?ticker=FORD.O&target=/opinion/find/screener
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