There were 19 breakouts yesterday in the 'Double Trouble' universe. Now once I posted the list I got couple of emails asking me can you suggest 2-3 out of it. A variation of the same emails I get everyday since I started posting the list couple of days ago.
As I have said in the beginning, to illustrate the point of simple systematic approach I deliberately simplified many things in the original "How to find a stock which makes 1500% move in a year". post. You have to use your own method of reducing the signals to few manageable signals. In doing so you must again use a criteria which picks the one with high probability. You can use number of criteria to reduce the list like recent quarter earning growth, or recent analyst earnings estimate raise, or insider buying, or any other fundamental anomalies, or use simple price and time based rules.
Here is a simple way to reduce the universe from 19 to 5. Take only stocks which did not have a breakout in last 20 days.
ABPI,Accentia BioPharmaceuticals Inc (Google Yahoo Earnings Chart)
BGC,General Cable Corp (Google Yahoo Earnings Chart)
GNLB,Genelabs Technologies (Google Yahoo Earnings Chart)
TTEC,Teletech Holdings Inc (Google Yahoo Earnings Chart)
USEY,U.S. Energy Systems Inc (Google Yahoo Earnings Chart)
If you understand the concept you can change many parameters in it like the 260 days or the threshold of 100% plus to get better or worse results.