Spydertrader's Jack Hershey Equities Journal

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Quote from appleseed:

I want to understand this but " 0" vol change has me stumped
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Normally, you will see a zero for % volume change somewhere in the middle of the initial sort. However, the Stocktables.com sort used for today's lists only has a volume change of either '1' or -2 at the midpoint (CNXS & MOBE).

- Spydertrader
 
Thanks i see them .are these low no.s good when there are no 0's?
is the 41 area down the sort page a good mid point or should i strive to enlarge this to larger than 83.
I guess this is trivia i apoligize
Cheers john
 
Quote from appleseed:

Thanks I see them Are these low numbers good when there are no 0's? Is the 41 area down the sort page a good mid point or should I strive to enlarge this to larger than 83.
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By altering the RS and EPS settings, you want to get an initial sort close to 100 stocks. Today, I used 90 RS and 80 EPS. As a result, I started with about 136 stocks in the initial sort. As you read through the Journal, notice how the initial culling process changes slightly. This has the net affect of creating additional opportunities for us. Rather than thinking, "I need to find a zero change in volume," look for the location where the percent volume change moves from green to red. Use this as a midpoint. Later on in the Journal, we eliminate the three list creation process entirely.

- Spydertrader
 
Quote from appleseed:

also where can i find float...... yahoo has NA for float?
Thanks in advance

Cheers
john
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For whatever reason, Yahoo will occasionally send out Float data as n/a or 0. This has happened once before, where a number of stocks did this, but it eventually was fixed. Lately, ALL of the stocks in the universe have returned a 0 value for Float and it has sustained for some time.

While mostly dependable, Yahoo data seems to be less reliable than most sources (probably because it's free and they deal in such huge data quantities).

You should find another source for Float numbers. Unfortunately, I do not personally know of a free source that will allow you to download Float data that you can import into Excel (or similar)

If anyone knows of something like this, I am sure this information would be much appreciated by the readers of this journal.
 
I clicked on the symbol in stocktables and got big charts.
click on profiles and they have a vol. and shares outstanding.
Now i don't know if that is float for many co.s the float can be a %
fo shares (most at 80to 90%of shares) Many co.s play games with shares retaining them outside of the float to enhance
price
Cheers
john
 
SMTrader said:
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You should find another source for Float numbers. Unfortunately, I do not personally know of a free source that will allow you to download Float data that you can import into Excel (or similar)

If anyone knows of something like this, I am sure this information would be much appreciated by the readers of this journal.
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Free Float data and all kinds of other stuff can be found and downloaded to Excel here:

http://www.investor.reuters.com/ArticleEntry.aspx?target=/opinion

Take the link on the left to Ideas & Screening -> Powerscreener. You'll need to sign up for a freebie account to use Powerscreener, but Reuters has never bugged me at all so don't worry about spam.

You can even create a screener for Hershey stocks here, though you need to be creative with how you determine RS, since its not automatic. Build a CAN SLIM stock screener based on basic values that O'neil talks about and add Jack Hershey's price, float, volume and + earnings restrictions and you'll be pretty close.

-ace
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To create the following lists of stocks, I used 90 RS and 80 EPS. Using 90 RS and 90 EPS resulted in an initial stocktables.com sort of too few equities.

2005-09-22, Thursday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort

Hot List

DPTR FORD HANS IRIS LUFK SNHY VIVO VPHM

Dry Up Stocks

CKCM CMT DCAI FORD IRIS NGPS RATE SNHY VPHM

Hot List Stocks Scores

DPTR - 0
FORD - 0
HANS - 2
IRIS - 2
LUFK - 1
SNHY - 5
VIVO - 2
VPHM - 0

Dry Up Stocks Scores

CKCM - 0
CMT - 2
DCAI - 0
FORD - 0
IRIS - 2
NGPS - 5
RATE - 0
SNHY - 5
VPHM - 0

Keep an Eye on These Stocks

NFLX (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=848166>
 

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