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You're right ... It does SOUND good ... If you have earnings data for
a few years I suggest you test your theory of buying good fundamental
candidates on dips .vs. buying candidates based on price action
leading up to the dip, preferably from at least the previous dip. In
ten words or less I think you'll find that stocks with better price
action perform better ... Why ? because not only is everyone aware of
the published fundamentals and already factored that into current
price, but SOME are more aware then that and that is factored into
price as well.
--- In amibroker@xxxxxxxxxxxxxxx, "seneca_kw" <seneca_kw@xxxx> wrote:
>
> To my mind, this is one of the biggest questions in trading. Does
> including fundamentals provide an additional edge? It certainly
> seems plausible. If you're buying pullbacks, it makes sense that a
> company with strong fundamentals is more likely to reverse to the
> upside than a company with weak fundamentals.
>
> The fact that something is plausible doesn't make it true. Like
> everything, it needs to be tested, and that's what I'd be very
> interested in hearing about. Even if someone doesn't have results
to
> share, I'd be interested in discussing ideas about HOW to do the
> testing.
>
> Wayne
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Claude Caruana"
> <claudecaruana@xxxx> wrote:
> > Hi all,
> >
> > I am an Amibroker user for a few weeks now and I must say it is
> about to
> > turn my trading method 180%.
> >
> > I initially purchased Amibroker to be able to generate optimal
> signals for a
> > watchlist of around 100 stocks which I have selected for their
> fundumentals,
> > however I am finding that my results work much better and more
> consistently
> > on the entire stock universe (The 7000 tickers I have loaded in
my
> db) than
> > if I try running it on any watchlists containing less that 200
> tickers.
> >
> > I find that, in general, the most reliable entry signals occur
very
> > infrequently, and hence, signals are too few and far apart to
create
> > consistent results when the basis is my 100 stock watchlist. If I
> try to
> > "loosen the parameters" and get an optimal number of signals for
my
> 100
> > stocks, then the system will not be as reliable as the one
> with "tighter
> > parameters" scanning the entire stock universe.
> >
> > Before I ditch my fundumental approach (which quite franky has
yet
> to give
> > me positve results!) altogether and start using a technical-only
> system, I
> > would be very grateful if anybody could confirm whether my
> observation about
> > entry signals is normal, or whether I am missing something.
> Finally, are
> > there any of you out there who trade using technicals only?
> >
> > thanks for any feedback!
> >
> > Claude
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