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I was a ProSearch and data customer some 5+ years ago and left for the same
reasons. I ended up building my own alternative using VB and Access. I
subscribed to ValueScreen monthly for around $500/yr, imported the data into
my own database and built my own combination of technical and fundamental
screens. Finally ended up throwing out the fundamental stuff, canceling VS
and running a technical screen nightly on the stocks in the S&P 500, 400 and
600 using symbol lists downloaded monthly from S&P's web site. Worked fine
until the market started coming apart early this year. VS itself supports
good fundamental screening but virtually nothing in technical screening ...
ditto for the competing Morngingstar product.
Earl
-----Original Message-----
From: Dark Hacker <hacker@xxxxxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Tuesday, October 06, 1998 9:18 PM
Subject: Scanning and screening
>
>All,
>
>This is somewhat off topic however I suspect some of you may have
>an answer. I'm at the end of my tether with Telescan, a product
>which performs searching and screening of equities using software
>they call Prosearch. Prosearch consists of a client piece running
>on your home machine, and a database search engine located on
>Telescan's server which performs the actual screening. Their symbol
>universe is quite broad and the Prosearch engine offers a very
>comprehensive set of criteria for performing searches. Note that
>this differs from Tradestation in that you don't need to know the
>equities ahead of time. Very top-down.
>
>So Prosearch is actually pretty good, however the overall quality
>of their software, charting and other features suck eggs.
>
>I've been a Telescan user for five years now and they still haven't
>produced a quality product in my opinion. Meanwhile, instead of
>providing free fixes to their customers they have loaded their
>products up with all manner of features and gizmos. And each new
>release of the client just increases the fragility and hairballs
>clogging the software.
>
>Sound familiar? I think Bill Cruz could take lessons from the guys
>at Telescan.
>
>Telescan is just not adequate to tackle the big boy world of
>trading. So my question to those of you who do screen the equities
>universe for trades is:
>
> Are there any competing products out there that offer more
> robust software and as broad a symbol universe and
> comprehensive search facility for equities as Telescan?
>
>- Hacker
>
>---
>Dark Hacker | Fortress Of Computation
>hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
>
>Investment and Market Outlook:
> http://www.computation.com/pub/hacker/Investment/index.html
>Bishop Protein Analytics:
> http://www.computation.com/pub/hacker/Bishop/index.html
>____________________________________________________________________
>
> "Building our future... one twisted freak at a time."
>
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