I enjoyed stocktables.com, but I am wondering if anybody had a similar experience with it. I did a very simple initial query looking for 90 and 90. It returned some great stocks but I got what seemed like a number of lemons: MVK, MTRX, etc. For example, Yahoo shows MVK with decreasing sales of 25% and decreasing earnings of 91% and a profit margin of only 0.7%. Does anyone know if there a logical explanation for all of this?
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William O'neil ''canslim'' method
- Thread starter TKOtrader
- Start date
I'm wondering if the lemons were rated higher previously and are on their way down now?Quote from ShoeshineBoy:
I enjoyed stocktables.com, but I am wondering if anybody had a similar experience with it. I did a very simple initial query looking for 90 and 90. It returned some great stocks but I got what seemed like a number of lemons: MVK, MTRX, etc. For example, Yahoo shows MVK with decreasing sales of 25% and decreasing earnings of 91% and a profit margin of only 0.7%. Does anyone know if there a logical explanation for all of this?
I'm thinking they're behind by a quarter or so? I'm wondering if WJO's sight is any more accurate?
As you see that they are sorted by increasing volume, you get to notice also if the delta price is plus or minus.
If plus and its at the top of list you have a 7. if it is a minus, then quite nicely you have a 3 score and thus it is just beginning it's decline.
The long/short ratio for making money is 27/8 so you see trading short makes money about three times faster than long.
For now I would just get your portfolio lists over to clearstation and check out their rank on the excel.
I know you have some stuff in chapter 20 to deal with and you should note at the bottom of your posts which one you decided to continue for a little while longer.
If plus and its at the top of list you have a 7. if it is a minus, then quite nicely you have a 3 score and thus it is just beginning it's decline.
The long/short ratio for making money is 27/8 so you see trading short makes money about three times faster than long.
For now I would just get your portfolio lists over to clearstation and check out their rank on the excel.
I know you have some stuff in chapter 20 to deal with and you should note at the bottom of your posts which one you decided to continue for a little while longer.
Now I'm really confused about this site. The delta price is the price change from previous close to close. This does not seem to mesh with the definition of a 0, 1 and 7 from the chart you posted earlier. My understanding of the chart earlier was as a sort of fractal of the Weinstein concept. How can you get this from a simple price change in the last 24 hours? Not trying to be picky - I genuinely don't get it.
Don't we need to take into retracement and/or breakout patterns that you spoke of earlier based on the 6 month cycles, i.e. how we can ignore the chart and just go on the delta price of the last 24 hours to come up with your bo's and about-to-bo's?
fyi: I did reread chapter 20 and, yes, I see that I'm not utilizing a number of key WJO concepts such as management ownership, product evaluation, market evaluation, stock buy backs, mutual fund ownership, etc. I'm not sure what to do with these though because I'm down to a relatively few number of issues (esp. if I take into account his volume > 300k criterion!).
Last, I'd love to start shorting but I can't do it yet. Hopefully, soon!
Don't we need to take into retracement and/or breakout patterns that you spoke of earlier based on the 6 month cycles, i.e. how we can ignore the chart and just go on the delta price of the last 24 hours to come up with your bo's and about-to-bo's?
fyi: I did reread chapter 20 and, yes, I see that I'm not utilizing a number of key WJO concepts such as management ownership, product evaluation, market evaluation, stock buy backs, mutual fund ownership, etc. I'm not sure what to do with these though because I'm down to a relatively few number of issues (esp. if I take into account his volume > 300k criterion!).
Last, I'd love to start shorting but I can't do it yet. Hopefully, soon!
Nevermind the last post. I think I may get it.
The only thing is what you say seems to backtest across all markets. Don't see what CANSLIM has to do with it.
Quote from ShoeshineBoy:
The only thing is what you say seems to backtest across all markets. Don't see what CANSLIM has to do with it.
Thereare a few things about what I do that are not mainstream.
O'Neil came up with many thoughts and characterized them for the goals he believes in.
These two sets of things in a Venn universe would have a great overlap.
I will note several that are common so you can grasp why I tried to help you out.
Quality. To make money a person needs a small quality list of stocks. The EPS and RS, as percentiles define quality in a very large universe. My statement to you about have a stock perform 5 cycle of profits in six months is a similar kind of quality assessment. The excel sheet gives a number (Rank) that assesses this in a particular manner that I like. The entier sheet as you look at it represents years of culling of particular small aids that add up to eliminating lots of flaws that could occur.
Quality in a small universe is a foundation for making money. The macro concepts and stuff people do to handle more and more like "biggering" in the Lorax of Dr Suess is just a simple basic error that is made by people who use their training in stuff and make the market fit their training.
This is something that is a fork in the road. You go macro or micro.
Risk. Quality is the seway into risk. The cup and handle of O'neil and what I do as anticipation is similar. I replaced prediction with anticipation because prediction in a triad is not going to work out.
O'Neil favors repetition of stages in the life of a company. he sees by hard work a pattern that is very reliable. My Tc2000 seven equations are like this. So is the scoring using three prevelant market variables: P, V, and A/D. I use the P.V relation with a coorolary as well. The Boolean expression of the P.V relation describes every price formation and every candle stick combo. It also describes Kagi, three line break, renko and pt and figure so I like it.
By knowing for all paces of the market the relevant price formations and putting them into a matrix where one dimansion is the seven fractal I prefer, I am able to minimize risk because as the sequences unfold the altenative probable choices are eliminated. I also minimize risk by using paris of fractals because the one that is faster that the trading one demonstrates what you are anticipating and what is more likely.
Other factors. In a two variable financial system there are few other factors that rank equally with quality and risk. The only other one is market. I have two algorithms; they are overlapping and complete. I worked with equities for the first 35 years exclusively. So far I have not been able to, in commodities, advance beyond futures indexes and there is an order of markets there that is rankable as well.
Poeple. I monitor about twelve comprehensive approaches used in markets. The comparison is based upon know successful performers in those markets. I do not monitor anyone in ET for two reasons; I have only watched it for a short while and there is no one here who is a stand out as yet. Since no one makes a lot of money here I can't use that as a criteria either. There are some people here with little garbage or baggage but not many so they are in my B group.