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I would also appreciate a copy. THANKXXXX!!!!!
Brian
babakid@xxxxxxxxxxx
----- Original Message -----
From: Chris <Xtr61832901@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, June 01, 2000 7:19 PM
Subject: Re: Picking our stocks
> Yes, please. I would like a copy also.
>
> & Thanks for your mails (and everyone else's too).
> I am just starting out in TA & trading, and while not using anyone's ideas
in
> particular, I find that knowing there are others going through similar
emotional
> things a great help.
>
> Cheers
>
> Chris
> New Zealand
>
>
> Guy Tann wrote:
>
> > List,
> >
> > If anyone is interested, I have an Excel spreadsheet that I put together
> > with 3 pages. The first page lists those 13 stocks we selected out of
the
> > original 55 gleaned from ValueLine. The second page is a quick analysis
of
> > what would have happened if we had bought all 55 of the list, and the
third
> > page shows our breakout of 25 stocks from the original 55 using one of
our
> > programs to determine over-bought or over-sold conditions. These 25
stocks
> > were, according to our system, ready to be bought.
> >
> > If anybody is interested, I can send them a copy, but didn't want to
just
> > throw it out on the list.
> >
> > Our stock selection technique is as follows:
> >
> > 1) Friday night, we go out on the ValueLine web site and go down to
their
> > stock pages. We select those stocks that have a 1 in timeliness, and a
1 or
> > 2 in whatever the second column is to the right of timeliness. We look
for
> > a beta > 1.25. I think we snuck INTC in as well. This is our
preliminary
> > cut. This gave us a list of 55 different stocks. We try to stick with
the
> > top performing industries.
> > 2) In the next step we apply one of our trading programs to each stock,
to
> > determine whether or not our program indicates that the stock was
over-sold.
> > If it was over-sold, we added the stock to our next list. This reduced
the
> > actual number of stocks from 55 to 25, I believe.
> > 3) Theoretically, we could have bought all 25. Finally, we go through
the
> > list by hand on a conference call and arbitrarily select between 10 and
15
> > stocks that we buy on the next day's open. We haven't spent any time on
> > this step yet, and through dumb luck have managed to do fairly well with
our
> > portfolio.
> >
> > I have to give my brother for designing this approach. We will be
spending
> > more time on step 3 as well as working on modifying the procedure for
the
> > short side. Right now my brother is a little nervous selling stocks
short.
> > You would think that after trading futures both ways for 40 years, he
> > wouldn't have that problem.
> >
> > Anyway, we went with 13 original stocks on Tuesday's open and added 4
more
> > this morning. Based on my preliminary calculations we are a little
ahead
> > with our own portfolio as opposed to buying all 25 stock, but not by
much.
> >
> > We are in the process of going back and entering the OB/OS indicator in
this
> > spreadsheet to do some more work on Step 2 and Step 3, above.
> >
> > By the way, purchasing even 100 shares of each of these 55 stocks
stressed
> > out each of our margin accounts, but we could have done it with a little
to
> > spare.
> >
> > Guy
> >
> > Paranoia...you only have to be right once to make it all worthwhile!
>
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