Spydertrader's Jack Hershey Equities Trading Journal III

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When a visitor as gifted and well tempered as the stonedinvestor drops some picks on your board. Is it not polite to buy them? At the very least they should be put through the technical obstacle course you set up for stocks before realizing they have broken out!
>
But for 4 powerful names to consider:
Here We Go:

ONSM> The new release for them enables easy downlode of images to these social networking sites kids these days are so enamored with.

XOMA> My favorite new bio play right now. Great chart. Stock will double in 3 months.

HXL> Looking at this one this week. Becoming a carbon play for aerospace. Great chart.

RMBS> Is sort of right on the cusp. Looking good.

>>>>> NFLX is going much lower obviously!.....
 
Quote from stonedinvestor:

When a visitor as gifted and well tempered as the stonedinvestor drops some picks on your board. Is it not polite to buy them? At the very least they should be put through the technical obstacle course you set up for stocks before realizing they have broken out!
>
But for 4 powerful names to consider:
Here We Go:

ONSM> The new release for them enables easy downlode of images to these social networking sites kids these days are so enamored with.

XOMA> My favorite new bio play right now. Great chart. Stock will double in 3 months.

HXL> Looking at this one this week. Becoming a carbon play for aerospace. Great chart.

RMBS> Is sort of right on the cusp. Looking good.

>>>>> NFLX is going much lower obviously!.....
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Stoneinvestor,

Please give your TA, on those stocks according to the Hershey method. This journal was created so we could improve our trading abilities. By just throwing out ur list of favorites, it does not help anyone nor does it further the progress of this journal. You seem to have a wealth of experience. Please share it with us in detail so that we can all improve.

- Monkman
 
Monkman guilty as charged. I'm sorry I don't know the Hershey method. Perhaps if you just accept the fact that I am an idea man and I have the ideas- the ideas that go up for a variety of reasons- technical being ONE of them. You then could filter them on your own time and see if you agree-- what's nice is my stocks tend to go up a lot which give TA ers' the chance to get in too.

I didn't mention HTI but I love it and it's instructive> it has shot up from $4 to $8 and normally one would wait for a healthy retrace before getting involved. But if you follow the inside newsflow on the company you know that there are some recent Price Target adjustments in the $11 range, that acts like a pull on the stock and why it's such a nice buy at $9. it completes the island in the sky pattern-- in other words it aint coming back.

ONSM very much the same scenario it gapped hard on some great news their new technology is perfect for uploading junk into all these networking sites.. it has been given every chance at retracing, I believe it's basing for another robe higher.

XOMA will be delivering newsflow soon that will propel the stock, but for you guys a simple 1 year look with volume will show that this feb everything changed for this stock- and the ride has just begun.

~stoney


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Quote from stonedinvestor:

Monkman guilty as charged. I'm sorry I don't know the Hershey method. Perhaps if you just accept the fact that I am an idea man and I have the ideas- the ideas that go up for a variety of reasons- technical being ONE of them. You then could filter them on your own time and see if you agree-- what's nice is my stocks tend to go up a lot which give TA ers' the chance to get in too.
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Then you need to start your own thread - might I suggest "Ideaman Stoney's Ideal Stocks" as a title?

This journal is dedicated to working through the advanced concepts of the Hershey Methodologies. If you are interested in exploring this topic, then please feel free to ask questions and post thoughts in relation to that. If you aren't, that's ok too - but you really do need to post them in another thread then.

Good Trading to You
-Au
 
Quote from stonedinvestor:
Snip . . . XOMA will be delivering newsflow soon that will propel the stock, but for you guys a simple 1 year look with volume will show that this feb everything changed for this stock- and the ride has just begun.
~stoney
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If you start a thread on your "newsflow" ideas and TA I'm sure you'd get lots of hits.

- EZ
 
Quote from TimDog:

I looked into this about 6 months ago and could not find a stock screener that gave EPS and RS percentile rankings like in stocktables. Although, using the new Journal 3 method of replacing EPS and RS with insider and instituational ownership may be easier. Also, if you want to look at a stock on the TSE using the wealth-lab scripts just put .TO at the end of the symbol (ABC.TO) Rank, score and offset % will be displayed but only some will show the DU values.

Hope that helps, and if you do find a canadian screener for EPS and RS please let me know.
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You should be able to find a stock screener for Canadian stocks that will let you set certain combinations of earnings and profit margins etc. Doesn't have to be exact. If you can tweak it (for settings on US stocks) to mimic the Canslim IBD stocks, then use it for Canadian stocks. At least the EPS side.

For RS you can use various settings like % above the 200 Day moving average or a long term rate of change. I'm not recommending these specifically, but they will get you close. RS is a weighted thing in IBD.

IBD has a lot weighted variables in their screens you can't duplicate it exactly, but get close. I can get long winded going into the details (there are many), but having good earnings, profit margins, etc, help provide a little safety and stability in the beginning. And you want to be in the upper group of long term upward movement, over 6-12 months.

There are a lot of tweaks that could be done to get a better universe. The insider and institutional ownership are two examples, but you really need to know what you are after and why/when they work. For example Spyder mentioned that sometimes the institutional ownership screen made things worse.

When looking at that variable, you want the institutional ownership to be increasing, a static % only puts you in a subset that tells you 1. It isn't over-owned 2. There's is room for the funds to buy more and drive the price up. But you also want a minmum % ownership to show that funds are interested and will buy. Increasing ownership is the best measure.

The main thrust of the method is to start with a quality universe and make sure it cycles. Just do your best. Smaller caps tend to do better overall (that may or may not be a factor in Canadian stocks) but not too small - you need liquidity. So do higher EPS and RS stocks. Many of these Canslim type screens do well in other markets so they "probably" would with Canadian stocks as well.

(BTW, TimDog this was directed at 4XIS4U)

Regards, - EZ
 
Quote from OpenTrader:

Careful, I believe RATE has earnings tomorrow.

Bankrate, Inc. at Roth 19th Annual OC Conference (Live)
02/20/07 at 1:00 p.m. PT
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Um, no, they reported Febuary 6th, you didn't notice the 13% pop in their stock that day? :

Feb 6 (Reuters) - Shares of Bankrate Inc. (RATE.O: Quote, Profile , Research), which operates an Internet-based consumer banking marketplace, rose more than 13 percent after it reported a jump in fourth-quarter revenue on strong performance at its online publishing division.

Revenue for the quarter rose 49 percent to $20.7 million from $13.9 million in the year-ago quarter on increased advertising revenue at the division.

The company said earnings rose to $3.9 million, or 21 cents a share, compared with $2.6 million, or 15 cents a share in the year-ago quarter. Excluding stock-based compensation expenses of $2 million, the company earned 27 cents a share.
 
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