Posts: 8
Joined: 3/4/2005
Location: Austin Texas
User Profile From all the stocks I have eliminated any symbol over $80 and below $10 plus eliminated any symbol with less than 20000 volume. I still have 2800 symbols that I analyze on my focus list and it takes about 2 hours to analyze them all. Any suggestions to eliminate more symbols that probably won't be good candidates.
Posts: 1543
Joined: 12/12/2003
Location: BALDWINSVILLE, NEW YORK
User Profile Cody:
Depending on your investing style, you might want to eliminate stocks with EPS<0 or with DividendYield<0.
Tom Helget
Posts: 8
Joined: 3/4/2005
Location: Austin Texas
User Profile Thanks, I'll try that. What is you investment style. Mine is play the swings. Stay in less than 2 weeks, mostly less than a week. Try to bolster my income on stocks that have good predictable movement. I am going to start to sell some stocks short soon in order to play the down side of the swing.
Posts: 1543
Joined: 12/12/2003
Location: BALDWINSVILLE, NEW YORK
User Profile Cody:
It would be hard for me to define my investment style. I try a bit of everything from long term investing via Fundamental analysis to chart pattern analysis to Technical analysis and playing both sides of the market via short selling. Right now I am short sold heavily and maybe beginning to regret it as the market seems to be resiliant at a point where I envision a breakdown. I constantly search for the holy grail of investing like most of us and, so far, after twenty-five years it has escaped me.
One area which has show a bit of progress lately and is rather low-tech is Magic Formula Investing (a bit of a black box method) which is easy to implement by going on to:
http://www.magicformulainvesting.com/.
Select 50 for step 1, 25 for step 2, Go (roll the dice). Try to purchase up to twenty to thirty stocks by selecting five to seven stocks every two to three months until fully invested. Sell each stock after owning it for one year.
Sounds simple! In my model portfolio (paper only) since February 13, 2006 I have selected seventeen stocks at a total cost of $35,003 and, as of yesterday, it had a total value of $36,939 (not including dividends). While that doesn't seem spectacular, it represents a 12.53% return for the period in an interval when the DJIA gained only 2.5% and the NASDAQ Composite lost 6%. Not bad for buying and holding! You might want to investigate it.
Tom Helget