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John,
I did a search and found your posts concerning IRL. I am concerned about not
being able to change symbol names. However, I will talk to Industry Monitors
tomorrow morning and ask them the questions below. Right now, I just need to
decide what product I should buy. Essentially, all I want is the product
which will give me the most profit potential. Which product, AAII or IRL,
has given you the best results?
I reread the AAII product info and it also seems to include industry groups.
Can you tell me how effective it is in telling you how each industry is
doing? Can you create industry indices as in IRL? Can you create industry
folders and update them as in the IRL product? I have copied the paragraph
from the AAII product description which covers this subject. I have also
attached the full AAII description of Stock Investor 2.1 as a text file for
anyone who is interested.
"Industry Comparisons
An experienced investor appreciates the value of examining industry
statistics and performing comparative analysis. Stock Investor provides
comprehensive information on general business sectors as well as specific
industries. Reports are available for each group, and you can screen for
standout companies in each industry."
I called Industry Monitors today and left a message on their system at
11:50am PT. No one called back. As with other companies I have dealt with,
such as Corel, their technical support is very poor.
I will have to call Industry Monitors at 8am PT (they only answer at this
time) in the morning and ask them the following questions. You don't have to
respond if it is too much bother. I will have them answer these questions:
1. If I copy all 8,000 stocks from the IRL CD to my hard drive, will I still
not be able to change the symbol names?
2. Do you simply delete the stock from the industry group? What about stock
splits?
3. Does this mean you must continue to buy the IRL CD's. If so, what do you
do with the data from the previous CD, delete it?
In a message dated 97-06-25 06:15:39 EDT, you write:
<< I happen to have both programs. I have received three CDs from AAII and I
have been trying to use IRL program about one month. You may have noticed a
couple of e-mails I sent to this group. If not please let me know and I will
forward them to you. I have observed from the past e-mails that a few others
in this group also have this IRL program. I would suggest you tell us what
you expect from this program and some of us with the proper knowledge will
attempt to answer them.
From my past e-mail I have not noticed any interest in or anyone
communicating about AAII stock data base program and its filtering within
this group.
>>
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In a message dated 97-06-24 16:46:42 EDT, metastock-list@xxxxxxxxxxxxx
writes:
<< Read your mail about the first step of using fundamentals then technical
analysis. I am trying to use the AAII stock data base and filter out
desirable potential candidates for the technical analysis. If you wish to
explore more of this filtering process let me know. I also am interested in
what others are doing so please feel free to share if you will.
>>
This is to all MetaStock users:
My budget will allow me to buy ONE product: either
American Association of Individual Investors monthly CD-ROM (in August),
(800) 428-2244, or
Investor's Reference Library CD-ROM, (800) 863-1670.
Should I go the fundamentals route or should I go mostly the technical route?
With the AAII I can do searches with fundamental data and pick out the
highest quality stocks. With the IRL I can divide all US stocks into their
respective industry groups and automatically create indices. Both products
seem to give important information.
There is one thing I don't like about AAII. It doesn't give fundamentals on
all US stocks. From what I understand it's about 7,000. AAII gives earnings
estimates on even fewer companies, about 4,000. Recalling last year's price
patterns, a stock doesn't always need excellent fundamentals to increase in
price. Syquest is one example (short term). Which product should I
initially get?
Daniel.
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In a message dated 97-06-20, you write:
I bought this program to generate indices with a selected group of stocks. I
wrote IRL to find out how to change a stock symbol and or name. As the e-mail
copy below states it is not possible and they are sorry if it is an
inconvenience. This becomes necessary to keep current names or and symbols.
Just wanted to alert others using this program of this shortcoming. Perhaps
if others find this need also, IRL may modify their program.
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