|
PureBytes Links
Trading Reference Links
|
------------------------------------------------------------------------
You cannot reply to this message via email because you have chosen not
to disclose your email address to the group.
To reply: http://groups.yahoo.com/group/equismetastock/post?act=reply&messageNum=5470
------------------------------------------------------------------------
It may i.a. hinge on how volume is quoted by your data vendor.
If you're running ReutersDatalink then I think they divide
all volume by a factor of 100.
Yngvi Hardarson
hardy@xxxxxxxxxxxxx
-----Original Message-----
From: hcour [mailto:no_reply@xxxxxxxxxxxxxxx]
Sent: Thursday, November 14, 2002 07:04
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: momentum exploration
I ran it yesterday. The original screen on Multexinvestor came up
with about 30 stocks, 24 of which are in my MS database. When I ran
the MS exploration I only came up with 1 result. So, yeah, something
is definitely not right somewhere.
Harold
--- In equismetastock@xxxx, "Barry Seeger" <barry.seeger@xxxx> wrote:
> I appreciated reading this exchange, and put it aside for later
study
> for my own learning. I could be mistaken, but there appear to be a
> couple of small errors: colb and colc don't seem to require that
the
> ROC's be >0, and in cole, should 0.5 be 5.0, or even 500, depending
on
> your data? No offence intended to the brilliant yellowstoneuk, but
I
> thought I would pass these observations on.
> Barry
>
>
> -----Original Message-----
> From: hcour [mailto:no_reply@x...]
> Sent: Wednesday, 13 November 2002 12:17 PM
> To: equismetastock@xxxx
> Subject: [EquisMetaStock Group] Re: momentum exploration
>
> YS -
>
> Wow. That is fantastic. Thanks so much. Can't wait to try it out!
>
> Harold
>
>
>
> --- In equismetastock@xxxx, "yellowstoneuk" <yellowstoneuk@xxxx>
> wrote:
> > cola If(C,>=,HHV(C,260)*0.8,1,0)
> >
> > colb If(ROC(C ,20 ,% ),>,ROC(C ,260 ,% ),1,0)
> >
> > colc If(ROC(C ,65 ,% ),>,ROC(C ,130 ,% ),1,0)
> >
> > cold If(ROC(C ,130 ,% ),>,ROC(C ,260 ,% ),1,0)
> >
> > cole If(C,>,0.50,1,0)
> >
> > colf Sum(VOLUME,10)/10
> >
> > filter When(colA,=,1) AND When(colB,=,1) AND When(colC,=,1) AND
> When
> > (colD,=,1) AND When(colE,=,1) AND When(colF,>,40000)
>
> The following is the description of one of the Momentum Screens
from
> Multexinvestor.com. It contains no fundamental criteria. It comes
up
> w/some very nice looking stocks.
>
> Would it be possible to translate this into MS language to make it
> an Exploration? And if so, any chance one of you MS whizzes would
> take a crack at it?
>
>
_____________________________________________________________________
> Price Momentum
> SUMMARY
>
> This screen searches for stocks that are on the move. The current
> price must be equal to at least eighty percent of the fifty-two
week
> high, and the stocks must have demonstrated patterns of gradual
> price acceleration over the past year.
>
> DETAILS
>
> This screen selects stocks that are exhibiting strong share price
> trends. It doesn't contain any variables relating to company
> fundamentals (i.e. trends in sales and profits). Nevertheless, it's
> highly unlikely that any stock could meet all of the tests
presented
> here unless the investment community as a whole has broadly
> favorable expectations about the company's fundamental business
> prospects.
>
> 1) {Price}>.8*{PriceH}
>
> Line 1 starts with a simple test that quickly weeds out deeply
> depressed equities by requiring that the shares now be priced no
> lower than 20% below their 52-week highs. Shares that are far below
> their recent peaks can, for brief periods of time, show strong
> percentage price gains. But all too often, that sort of strength
> reflects the poor base upon which comparisons are calculated, as
> opposed to bona fide fundamental bullishness.
>
> 2) {Pr4W%Chg}>{Pr52W%Chg}.AND.{Pr4W%Chg}>0
>
> Line 2 points us toward stocks that have recently caught Wall
> Street's eye in a very favorable way. We want issues whose prices
> have risen in the past four weeks and have risen more in those four
> weeks than they did in all of the past fifty two weeks.
>
> 3) {Pr13W%Chg}>{Pr26W%Chg}.AND.{Pr13W%Chg}>0
>
> Line 3, by seeking stocks that have appreciated in the past
thirteen
> weeks and done so to a greater extent than they had over the prior
> twenty six weeks, is similar to Line 2 except that the latter
> defines a less pronounced share price acceleration. The benefit to
> line 3 is its ability to demonstrate that the short-term price
spike
> we found in Line 2 is not an aberration but a continuation of a
> longer, albeit less pronounced, trend of share price acceleration.
>
> 4) {Pr26W%Chg}>{Pr52W%Chg}
>
> Line 4, which requires that the stock have appreciated more in the
> past twenty-six weeks than it did in the past fifty two weeks,
> represents an extension of the concept presented in Line 3. Lines
4,
> 3 and 2 represent progressively increasing degrees of share price
> acceleration.
>
> 5) {Price}>5
>
> Line 5 weeds out lower tier stocks. It eliminates issues that trade
> at or below $5 per share.
>
> 6) {Vol10DAvg}>.04
>
> Line 6, which requires that average daily trading volume over the
> past ten days be greater than 40,000 (.04 million) assures that the
> accelerating price trend is accompanied by at least a respectable
> level of volume. This enhances the probability that the improving
> price trend represents a bona fide assessment of company
> fundamentals on the part of a reasonably-sized segment of the
> investment community.
>
_____________________________________________________________________
>
> Thanks for any help here,
> Harold
>
> x
To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|