|
PureBytes Links
Trading Reference Links
|
Ed, like TA indicators, a small number of basic fundamental indicators
will serve you as well as more "sophisticated" analysis.
Although I have my own "wrinkles" that I use, I basically set the screen
to look for stocks with a 12-month RS of 85+, growing earnings and
revenues at 25%+ quarterly (yoy), with ROE 17%+. Also a minimum daily
volume of 100K, and a minimum stock price of $5/share. Waiting to buy
a small portfolio of these stocks until the market (SP500 as proxy) goes
through a decent correction (like to the 200-dema) can reduce your
drawdowns, since CANSLIM-style stocks are typically high-beta.
I hesitate to recommend any of IBD's books, since some of what they say
(cut losses at 8%, for example) seems to reduce performance without
reducing drawdowns. I've never been able to get O'Neill's concept of
distribution days as a signal for market tops to work, either. Also,
those books serve as marketing pieces for the subscription services that
IBD sells, which rubs me the wrong way.:)))
Luck,
Sebastian
--- In amibroker@xxxxxxxxxxxxxxx, "Ed Hoopes" <reefbreak_sd@xxx> wrote:
>
>
> Glad to hear about the MSN stock screener.
>
> I'm not confident of my fundamental screening skills so I rely on
> others. Did you buy one of IBD's books to figure out how to do
> CANSLIM screening? Title?
>
> I am saving the SS #10 lists and will wait a few months to see how
> they perform on backtest. Basically any list works now because of the
> rally that started last summer.
>
> Ed Hoopes
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "sebastiandanconia"
> sebastiandanconia@ wrote:
> >
> > Ed, I routinely use the MSN Deluxe Stock Screener to find high RS
stocks
> > meeting CANSLIM-style fundamental parameters. Free, fast, a
> > comprehensive range of fundamental criteria available, and the
> > pre-screening keeps my AB database down to an easy-to-manage size.
> >
> >
> > S.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Ed Hoopes" <reefbreak_sd@> wrote:
> > >
> > > ValueLine is good, but it costs $$$, they have a long track
record. I
> > > use their #1 ranked list and layer TA on top of their list. I've
been
> > > doing it for several years now - definitely works. :)
> > >
> > > MSN MoneyCentral at this URL has a StockScouter list
> > > http://moneycentral.msn.com/investor/StockRating/srsmain.asp?
> > > Its FREE - many of the stocks on this list I find on the VL #1
list.
> > >
> > > After much backtesting, I have found that the IBD100 list at
> > > www.investors.com has higher returns than the VL100 list( actually
by
> > > quite a bit ! ). I think mostly because they use a larger
universe of
> > > stocks.
> > >
> > > Ed Hoopes
> > >
> > > PS
> > > If you use this method - you don't need to get too fancy with your
TA
> > > - just some moving averages work just fine for these fundamentally
> > > strong stocks.
> > >
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "foginthehills" andrewdelin@
wrote:
> > > >
> > > > Hi there,
> > > >
> > > > Does anyone know of any US-based services that give you a list
> > > > of "stocks with good fundamentals" ?
> > > >
> > > > In Australia a good source of 'sound stocks' is
StockDoctor.com.au
> > > >
> > > > I am looking for a US service which can give me 5-star ratings
for
> > US
> > > > stocks (small, mid and large cap). I have heard of
www.valueline.com
> > > > and wondered if there are any others?
> > > >
> > > > I want to use this as a screening step before I then apply
technical
> > > > analysis ideas.
> > > >
> > > > Any suggestions?
> > > >
> > > > thanks -
> > > >
> > >
> >
>
Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.430 / Virus Database: 268.15.3/562 - Release Date: 12/1/2006 1:12 PM
|