Quote from Faryar:
The only problem is my hotlist are almost always different than what you post here. I tried to figure the reason out by going through previous posts, yet I thought it would be better ask and make sure I am not mistaken.
Variances in lists occur from time to time based on several different factors. The most common reasons for these differences in the past have been:
1. Stocktables.com data download error.
For whatever reason, the downloaded list of socks I use to calculate my list fails to contain all the stocks listed on the web page list. When this "data download error" occurs, normally the first or last few stocks fail to make the downloaded list.
2. Too few stocks in the original sort.
Whenever the original sort produces a list with the number of stocks in the low 70's, errors creep in as some stocks end up in two different lists.
3. Failure to post sorting criteria correctly.
In order to get an appropriate number of stocks in the original sort, I often have to alter EPS and RS rank. I have in the past either A. Neglected to change the sorting criteria back to default, or B. Failed to post that I changed the EPS and RS rank.
4. "Culling Order" in which one sorts the stocks.
If one removes any stocks that fail to meet EPS, Float and Average Volume criteria before creating one's lists, we arrive at much different lists.
5. Confusion resulting from posting an unclear explanation.
Although I try to choose my words carefully in order to avoid any misinterpretation, I don't always meet my objective. occasionally, some of the instructions I have posted have been less clear than I intended.
Quote from Faryar:
ACU - not in your list!
GEHL - not in your list!
ALDA - not in your list!
After reviewing both lists, I noticed all three stocks had volume less than 200,000 on the previous day. For this reason I did not include them in my lists.
Quote from Faryar:
Is the reason their lack of appropriate volume (less than 200,000) and does the volume condition hold for 7's as well.
Yes, their volume excluded them from my lists. I apologize for any confusion I may have created on this matter. The instructions posted earlier in this thread I copied directly from one of Jack Hershey's posts. I
assumed he meant for the 200,000 previous day volume rule to apply to the sevens list as well, and I calculate my lists in that fashion.
Quote from Faryar:
Also, PPC is not on your list of 1's, is it for any specific reason?
Even though we look at stocks that cycle 5 times in a six month period, PPC has about a year of stock history available for this equity. Jack has stated he prefers a longer history available. His answer came in a response to the possibility of trading IPO's with his methods.
Quote from Faryar:
Another confusing thing is that sometimes the stocks that appear on your hot list, do not have a rank according to WL chart script. For example HLIT does not appear to have a rank using the chart script located at: http://www.wealth-lab.com/cgi-bin/W...system?id=32994
Although a stock may fail to rank using the Wealth-Lab Chart Script, it may still possess a rank using manual methods. Although the Wealth-Lab Chart Script saves time and works quite well, it isn't perfect, but it was as close as I could get using my limited programming skills. In addition, a stock might temporarily lose its rank on one day, and due to price action over the next few days, obtain another rank. For this reason, I "clean up" the Final Universe List once a month (at month's end) eliminating stocks at that time that do not have a rank (manual or chart script rank).
When I first began the Journal, I started with a group of stocks that I had traded over the past several months to create my original Final Universe List. Over time, additional stocks have been added, and many have fallen off the list. Some of the original stocks still reside in the list, and even though they have issues with float or volume, they also have tenured status (stocks previously traded and traded profitably). As a result, you may arrive at different results than my posted lists. The variances however, may not have resulted from error on your part or mine. We simply arrived at the same place using different routes.
Quote from Faryar:
PS. I apologize for any inconsistency in my English. Speaking English as a second language, my writings are not flawless.
No need for an apology. I found your post easily understood, and had you not informed me you used English as a second language, I never would have guessed it.
I hope you found the above information helpful.
- Spydertrader
