|
PureBytes Links
Trading Reference Links
|
Yes the IRL program can filter about 235 types of information and one of is volume. For my part I prefer to analyze stocks that have monthly volumes that exceed twenty times fifty times my position amount in shares. This gives me a comfort factor of being more able to sell within a reasonable time. Each person can adjust this minimum threshold for filtering. Of course the AAII data is not timely as downloaded each day as someone pointed out to me in a past letter.
John Sellers
Torrance CA
United States of America
-----Original Message-----
From: Cab Vinton [SMTP:cvinton@xxxxxxxxxxxxxx]
Sent: Saturday, November 22, 1997 7:32 AM
To: ListMetaStk
Subject: Volume & Explorations
Hi, All:
I'm interested in filtering the stocks that came on the Equis CD
by volume. A few questions:
1. Does the Explorer take into account the fact that different
securities appear to have different volume multipliers? (i.e., so
that actual and not adjusted volumes are being compared)
2. If so, what level of liquidity would folks recommend in terms
of volume? (i.e., what's a minimum average number of shares traded
per week/ month to ensure that bid/ask spreads will be reasonable?)
3. Can the results of such an exploration be interfaced with the
Downloader so that I only download quotes for the securities meeting
my minimum requirements?
Perhaps the IRL package that's been discussed here recently might be
useful here?
OK, many thanks,
CAB VINTON
cvinton@xxxxxxxxxxxxxx
PS A related question concerns options liquidity: any recommendations
for minimum open interest/ volume?
|