Spydertrader's Jack Hershey Equities Journal II

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Quote from gooch87:

Hi mlsignups,

Have you had any profitable entry signals with these non-ranking stocks?

G87
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First, just for clarity, they fit all Hershey criteria except the number of runups. They all have high RS and EPS and they all are in dryup by the current definition. The only difference is that they have run up 3 or 4 times in the last 6 months rather than 5.

As it relates to these stocks - I didn't get signals on any of these today; most were down today. TALX had a nice run up a few days ago (it had previously run up 3 times) when it was in dryup and I believe that one of the guys traded PDC and is doing OK on the trade.

I'm not always around during the day but if I am and I get a signal from a "standard" Hershey stock (5 run ups) I'm entering strongly; if I get something from one of my 3 or 4 run up stocks my plan is to enter a bit more cautiously to start.

I'd be thrilled with the results from the last year (100% return I believe) that Spydertrader generated so I don't want to take too much more risk but thought it was worth testing to increase the number of stocks in dryup each day.

Mike
 
been lurking for months....followed both journals with great interest.
traded TIE & RATE today for $1 gain per share each (overnight holds both from yesterday).
i have been using the stock scanner at http://www.advfn.com to sort for the final universe (it's free) - has anyone else here tried that instead of stocktables?
 
I had just enough time to set my 5%trailing stop this morning before I was out the door.

Still holding through the weekend, looking for 355370 peak volume.

Have a great weekend everyone,
G87
 
Quote from tef8:

been lurking for months....followed both journals with great interest.
traded TIE & RATE today for $1 gain per share each (overnight holds both from yesterday).
i have been using the stock scanner at http://www.advfn.com to sort for the final universe (it's free) - has anyone else here tried that instead of stocktables?
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I'll give it a shot, thanks,
G87
 
Quote from tef8:

been lurking for months....followed both journals with great interest.
traded TIE & RATE today for $1 gain per share each (overnight holds both from yesterday).
i have been using the stock scanner at http://www.advfn.com to sort for the final universe (it's free) - has anyone else here tried that instead of stocktables?
More...


I took a quick look at this and couldn't find where you'd set the RS or the EPS settings to the the 80/90 list. Can you point out the way you filtered the list?
 
Quote from bdolnik:

Did anyone trade NTRI at the end of the day yesterday. It was just hitting FRV at close and showed a signal to buy, I however didn't trade it. Wish I had.
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I was just looking at this trade for end of week and it is over the 10% threshold by close today with increasing volume. Still hasn't hit the peak of 1,448,623 (number from the 15th) I am also sorry I missed this one.

G87
 
Quote from mlsignups:

First, just for clarity, they fit all Hershey criteria except the number of runups. They all have high RS and EPS and they all are in dryup by the current definition. The only difference is that they have run up 3 or 4 times in the last 6 months rather than 5.

As it relates to these stocks - I didn't get signals on any of these today; most were down today. TALX had a nice run up a few days ago (it had previously run up 3 times) when it was in dryup and I believe that one of the guys traded PDC and is doing OK on the trade.
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Mike, a stock that should be in your extended list is NDAQ. It has EPS 96, RS 99, volume around 1M/day, float 50M. Did your scan select this stock?
 

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Quote from ilganzo:

Mike, a stock that should be in your extended list is NDAQ. It has EPS 96, RS 99, volume around 1M/day, float 50M. Did your scan select this stock?
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NDAQ is definately on the full list that I have. I went back and checked and this went up nicely 5 times in the last 6 months but all were between about 13% and just under 20%; none over 20%. In this regard it WAS in dryup the evening of 11/11 (for possible trading on 11/12) but I did not flag it as none of the runups were > 20% (one was very close).

Although I have, for testing purposes, lowered my scanning qualifications to 3 run ups, I have not yet considered dropping the amount of the run up to < 20%.

Mike
 
Spyder -

Regarding position sizing, Market System Analyzer version 2.0 (http://www.adaptrade.com/) is out now. Very useful for testing how your past trades would have done with different sizing methodologies (I am not associated with MSA but use it).

Cheers

Rod
 
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