Ed, I think you'd be well pleased with the
book. You can see the contents by going to Howard's site.
I'm told by one of my expert friends, whose opinion I
respect and who has developed many systems,
that there are a couple of
trading systems in there for the effort of
rekeying that could have been marketed.
Well they backtested as profitable, but now
that I've said it and with several hundred books out there, the
inefficiency in this bit of the market will soon
be gone. (;>
Best regards
Joe
----- Original Message -----
Sent: Wednesday, April 18, 2007 7:30
AM
Subject: Re: [amibroker] Quotes Plus
EPS data
ok thanks Joe. I could do what you
suggest but I tend to develop systems that work with a whole bunch of
symbols and that would be just too much work. But I will get that
book.
regards, Ed
----- Original Message -----
Sent: Wednesday, April 18, 2007 1:22
PM
Subject: Re: [amibroker] Quotes Plus
EPS data
Ed - you have 2 more additional
opinions. I believe that and just finished a chapter
in
Howard Bandy's book where he addresses the issues of
incorporating fundamental data in a trading model.
There is a lag as you pointed out between the
release of the data and the time period described, and
the historical file will not indicate this. So
you could go for the specific date of the release if you have it or you
could
build your model with a months delay.
JOE
PS. Thanks Howard. A shipment of
books were received by 4 members of our group yesterday in Houston.
----- Original Message -----
Sent: Wednesday, April 18, 2007
4:31 AM
Subject: Re: [amibroker] Quotes
Plus EPS data
to answer my own question. The EPS is
posted by the company on Feb-8-2007. However this number is for the
december quarter of 2006. So the QP2 data is shown only in the first
quarter on the chart starting at Jan-1-2007. This is misleading
since the data is only reported on Feb-8-2007. So to use this data
safely you should shift it 1 quarter forward in my opinion or you
should somehow know the date the report was issued (QP2 does not provide
this however),
rgds, Ed
----- Original Message -----
Sent: Tuesday, April 17, 2007
11:10 AM
Subject: [amibroker] Quotes Plus
EPS data
hi,
anyone have experience with the EPS data
of QP?
see attached chart. From Jan-1-2007 it
shows an EPS of 1.02$. The last report of ESRX was however on
Feb-8-2007 where they reported an EPS of 1.07$ This is close
enough but in the chart this number seems to be show already on
Jan-1-2007. And this seems to be going on for all symbols. Am I right
to assume that the QP EPS numbers are displayed too early in the
chart?
QP says: "Companies annoince their earnings anywhere from a few weeks to
a few months after the quarter. The current numbers will always be
late on your chart."
It seems however that the numbers are
early in the chart. Anybody found out how this works?
regards, Ed