Son of Double Trouble | stockbee

6/19/2007

Son of Double Trouble

To get everyone on same page, here is what you would get with 2% ranking on :
((C - AVGC135 ) / AVGC135)
ACH,Aluminum Corp China (Google  Yahoo  Earnings  Chart
AFSI,AmTrust Financial Services Inc. (Google  Yahoo  Earnings  Chart
AHD,Atlas Pipeline Holdings LP (Google  Yahoo  Earnings  Chart
AMK,American Tech Ceramics (Google  Yahoo  Earnings  Chart
AMSC,American Superconductor (Google  Yahoo  Earnings  Chart
AMZN,Amazon.Com Inc (Google  Yahoo  Earnings  Chart
ANO,Anooraq Resources Corp (Google  Yahoo  Earnings  Chart
AQNT,Aquantive Inc (Google  Yahoo  Earnings  Chart
ARCI,Appliance Recycling Centers of America Inc (Google  Yahoo  Earnings  Chart
BCSI,Blue Coat Systems Inc (Google  Yahoo  Earnings  Chart
BHIP,Natural Health Trends Corp (Google  Yahoo  Earnings  Chart
BSQR,bSquare Corp (Google  Yahoo  Earnings  Chart
CBTE,Commonwealth Biotech Inc (Google  Yahoo  Earnings  Chart
CCC,Calgon Carbon Corp (Google  Yahoo  Earnings  Chart
CEA,China Eastern Airlines (Google  Yahoo  Earnings  Chart
CF,CF Industries Holdings Inc (Google  Yahoo  Earnings  Chart
CLN,Celsion Corp (Google  Yahoo  Earnings  Chart
CLRK,Color Kinetics (Google  Yahoo  Earnings  Chart
CRNT,Ceragon Networks Ltd (Google  Yahoo  Earnings  Chart
CROX,Crocs Inc (Google  Yahoo  Earnings  Chart
CRY,Cryolife Inc (Google  Yahoo  Earnings  Chart
CTEL,City Telecom Hk Ltd Ads (Google  Yahoo  Earnings  Chart
CXSP,Chemgenex Pharmaceuticals Ltd (Google  Yahoo  Earnings  Chart
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart
CYPB,Cypress Bioscience Inc (Google  Yahoo  Earnings  Chart
DRYS,Dryships (Google  Yahoo  Earnings  Chart
DWCH,Datawatch Corp (Google  Yahoo  Earnings  Chart
ELN,Elan Corp Plc (Google  Yahoo  Earnings  Chart
ELON,Echelon Corporation (Google  Yahoo  Earnings  Chart
ENG,Englobal Corp (Google  Yahoo  Earnings  Chart
EPEN,East Penn Financial Corp (Google  Yahoo  Earnings  Chart
ESEA,Euroseas Ltd (Google  Yahoo  Earnings  Chart
EVCI,Evci Career Colleges Inc (Google  Yahoo  Earnings  Chart
FSLR,First Solar Inc (Google  Yahoo  Earnings  Chart
FTK,Flotek Industries Inc (Google  Yahoo  Earnings  Chart
FWLT,Foster Wheeler Ltd (Google  Yahoo  Earnings  Chart
GHM,Graham Corp (Google  Yahoo  Earnings  Chart
GMO,Idaho General Mines Inc (Google  Yahoo  Earnings  Chart
GTI,Graftech Intl Ltd (Google  Yahoo  Earnings  Chart
HDNG,Hardinge Inc (Google  Yahoo  Earnings  Chart
HEM,Hemosense Inc (Google  Yahoo  Earnings  Chart
HRSH,Hirsch International Corp Class A (Google  Yahoo  Earnings  Chart
IAX,International Absorbents (Google  Yahoo  Earnings  Chart
ICOC,Ico Inc (Google  Yahoo  Earnings  Chart
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart
IMMR,Immersion Corporation (Google  Yahoo  Earnings  Chart
INSW,Insweb Corp (Google  Yahoo  Earnings  Chart
IOC,Interoil Corporation (Google  Yahoo  Earnings  Chart
JRCC,James River Coal Company (Google  Yahoo  Earnings  Chart
JRJC,China Finance Online Co Ltd (Google  Yahoo  Earnings  Chart
KMGB,Kmg Chemicals Inc. (Google  Yahoo  Earnings  Chart
LBY,Libbey Inc (Google  Yahoo  Earnings  Chart
LPHI,Life Partners Inc (Google  Yahoo  Earnings  Chart
LXU,Lsb Industries Inc (Google  Yahoo  Earnings  Chart
MCF,Contango Oil & Gas (Google  Yahoo  Earnings  Chart
MCZ,Mad Catz Intract (Google  Yahoo  Earnings  Chart
MDII,Midi Inc (Google  Yahoo  Earnings  Chart
MDR,Mcdermott Internat Inc (Google  Yahoo  Earnings  Chart
MEA,Metalico Inc (Google  Yahoo  Earnings  Chart
MFRI,Mfri Inc (Google  Yahoo  Earnings  Chart
MFW,M&F Worldwide Corp (Google  Yahoo  Earnings  Chart
MOS,Mosaic Company (Google  Yahoo  Earnings  Chart
MPZ,Mpc Corporation (Google  Yahoo  Earnings  Chart
MTOX,Medtox Scientific (Google  Yahoo  Earnings  Chart
NGA,North American Galvanizing & Coatings Inc (Google  Yahoo  Earnings  Chart
NPLA,InPlay Technologies Inc (Google  Yahoo  Earnings  Chart
NTL,Nortel Invesora Sa Ads (Google  Yahoo  Earnings  Chart
NVTL,Novatel Wireless Inc (Google  Yahoo  Earnings  Chart
NXST,Nexstar Broadcasting Group (Google  Yahoo  Earnings  Chart
OMR,Odyssey Marine Exploration Inc (Google  Yahoo  Earnings  Chart
ONT,On2.Com Inc (Google  Yahoo  Earnings  Chart
OPK,Exegenics Inc (Google  Yahoo  Earnings  Chart
PCR,Perini Corp (Google  Yahoo  Earnings  Chart
PRXI,Premier Exhibitions Inc (Google  Yahoo  Earnings  Chart
PZZI,Pizza Inn Inc (Google  Yahoo  Earnings  Chart
RCCC,Rural Cellular Corp (Google  Yahoo  Earnings  Chart
RDNT,RadNet Inc. (Google  Yahoo  Earnings  Chart
RTIX,Regeneration Technologis (Google  Yahoo  Earnings  Chart
SBEI,Sbe Inc (Google  Yahoo  Earnings  Chart
SIF,Sifco Industries Inc (Google  Yahoo  Earnings  Chart
SMTX,Smtc Corporation (Google  Yahoo  Earnings  Chart
SNCR,Synchronoss Technologies Inc (Google  Yahoo  Earnings  Chart
SNHY,Sun Hydraulics Corp (Google  Yahoo  Earnings  Chart
SPAR,Spartan Motors Inc (Google  Yahoo  Earnings  Chart
SPNS,Sapiens Intl Corp Nv (Google  Yahoo  Earnings  Chart
SWIR,Sierra Wireless Inc (Google  Yahoo  Earnings  Chart
SYNL,Synalloy Corp (Google  Yahoo  Earnings  Chart
SYUT,Synutra International (Google  Yahoo  Earnings  Chart
TASR,Taser International Inc (Google  Yahoo  Earnings  Chart
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart
TBUS,Digital Recorders Inc (Google  Yahoo  Earnings  Chart
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart
TWIN,Twin Disc Inc (Google  Yahoo  Earnings  Chart
VOXW,Voxware Inc (Google  Yahoo  Earnings  Chart
VSEC,Vse Corp (Google  Yahoo  Earnings  Chart
VSNT,Versant Corporation (Google  Yahoo  Earnings  Chart
VSR,Versar Inc (Google  Yahoo  Earnings  Chart
VWPT,Viewpoint Corporation (Google  Yahoo  Earnings  Chart
WHT,Westside Energy Corp (Google  Yahoo  Earnings  Chart
WINN,Winn-Dixie Stores Inc (Google  Yahoo  Earnings  Chart
WNR,Western Refining Inc (Google  Yahoo  Earnings  Chart
WVCM,Wavecom Sa Adr (Google  Yahoo  Earnings  Chart
XRA,Exeter Resource Corporation (Google  Yahoo  Earnings  Chart
YZC,Yanzhou Coal Mining Co (Google  Yahoo  Earnings  Chart


If you take 1% you will get:
AQNT,Aquantive Inc (Google  Yahoo  Earnings  Chart
ARCI,Appliance Recycling Centers of America Inc (Google  Yahoo  Earnings  Chart
BHIP,Natural Health Trends Corp (Google  Yahoo  Earnings  Chart
CLN,Celsion Corp (Google  Yahoo  Earnings  Chart
CRNT,Ceragon Networks Ltd (Google  Yahoo  Earnings  Chart
DWCH,Datawatch Corp (Google  Yahoo  Earnings  Chart
ENG,Englobal Corp (Google  Yahoo  Earnings  Chart
EVCI,Evci Career Colleges Inc (Google  Yahoo  Earnings  Chart
FTK,Flotek Industries Inc (Google  Yahoo  Earnings  Chart
GTI,Graftech Intl Ltd (Google  Yahoo  Earnings  Chart
IAX,International Absorbents (Google  Yahoo  Earnings  Chart
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart
KMGB,Kmg Chemicals Inc. (Google  Yahoo  Earnings  Chart
LPHI,Life Partners Inc (Google  Yahoo  Earnings  Chart
MCZ,Mad Catz Intract (Google  Yahoo  Earnings  Chart
MPZ,Mpc Corporation (Google  Yahoo  Earnings  Chart
NGA,North American Galvanizing & Coatings Inc (Google  Yahoo  Earnings  Chart
NTL,Nortel Invesora Sa Ads (Google  Yahoo  Earnings  Chart
OMR,Odyssey Marine Exploration Inc (Google  Yahoo  Earnings  Chart
ONT,On2.Com Inc (Google  Yahoo  Earnings  Chart
RCCC,Rural Cellular Corp (Google  Yahoo  Earnings  Chart
SBEI,Sbe Inc (Google  Yahoo  Earnings  Chart
SIF,Sifco Industries Inc (Google  Yahoo  Earnings  Chart
SMTX,Smtc Corporation (Google  Yahoo  Earnings  Chart
SNHY,Sun Hydraulics Corp (Google  Yahoo  Earnings  Chart
SPNS,Sapiens Intl Corp Nv (Google  Yahoo  Earnings  Chart
SYNL,Synalloy Corp (Google  Yahoo  Earnings  Chart
SYUT,Synutra International (Google  Yahoo  Earnings  Chart
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart
VSEC,Vse Corp (Google  Yahoo  Earnings  Chart
WHT,Westside Energy Corp (Google  Yahoo  Earnings  Chart
WVCM,Wavecom Sa Adr (Google  Yahoo  Earnings  Chart
XRA,Exeter Resource Corporation (Google  Yahoo  Earnings  Chart


After applying the scan
(100 * (C1 - C22) / C22) < 10 AND ( 100 * (C - C1) / C1) >= 4 AND V >= 1000 AND V > V1
On 2% you will get:
HRSH,Hirsch International Corp Class A (Google  Yahoo  Earnings  Chart
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart
MDII,Midi Inc (Google  Yahoo  Earnings  Chart
MTOX,Medtox Scientific (Google  Yahoo  Earnings  Chart
SNHY,Sun Hydraulics Corp (Google  Yahoo  Earnings  Chart


And if you take 1% you will get:
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart
SNHY,Sun Hydraulics Corp (Google  Yahoo  Earnings  Chart

So decision making is so easy, you just have 2 stocks to buy.

Now if you are more adventurous, you can anticipate entries on the 1% or 2% by just using:
(100 * (C1 - C22) / C22) < 10

to preselect a watchlist and enter in anticipation or during the day.Or you can even use technical analysis........

22 comments:

walter said...

too easy - we'll see how it goes...

Bill said...

Actually, your entire trading strategy is based on technical analysis. Not that that's a bad thing, but technical analysis IS the examination of price and volume action without regard to the fundamentals of the underlying company ... i.e., son of double trouble.

Pradeep Bonde said...

In other news technical analysis has also discovered cure for cancer and if you use the right technical analysis tools you can also increase your bust size if you are female and pecker length if you are male. Technical analyst just keep expanding their definition to claim everything under the sun as technical analysis.

walter said...

how would we describe these scans? what kind of analysis is it?

walter said...

i guess it is just what it is... its a system. technical/fundamental dichotemy is not useful here...

fivepercentstocks said...

I like SNHY a lot- should have come up on my radar before the divvy was announced, don't know what happened there. I am going to follow your rules for my long portfolio tomorrow and depending on the action may add the position on the blog. Love it.

raroperjr said...

Good evening,
Would you be so kind to post the TC formula for the 1% scan?
Thanks,
Andy

Bill said...

TA doesn't cure cancer or look at cash flow statements, or income statements. It also doesn't look at the positions of the sun, moon, or stars, or have cosmetic medical effects. It does, however, encompass all techniques based solely on price and volume analysis. Your TA may not be traditional, but it is TA.

Vishal said...

Pradeep, Thankyou for all the effort u put into this blog. I always had "earnings blowouts" as a strategy and made some money on it, but the clear, concise methods u have described in this blog are PURE GOLD.

Cheers
Vishal

hector said...

i agree with Vishal, this blog is Pure Gold, i had read so many finance blogs, TA blogs ect and putting all of them together,none made ME a decent return based on their ideas, however, since i started reading and APPLYING pradeep concepts, i had started making more and consistent return on my investments..so call it whatever TA, trading system, ect...but it MAKES ME MONEY LOL ,MY HAT TO PRADEED :p

dduck said...

According to my real time quote, SNHY carries a really big bid-ask spread.
Bid ~ 21$, Ask ~ 47$.
Is that something that you would prefer to avoid?

Those things scare a little, no?

Pradeep Bonde said...

Walter
easy things are difficult to trade for many people..
They keep thinking there should be some more secret to it.


raroperjr
365.25 / 135 * ((C - AVGC135 ) / AVGC135)

fivepercentstocks
Thanks
You can further improve it by taking out of the 1% only the stock with negative days and entering them in anticipation. Try say stock should be in top 1% and last 3 days should be negative. Enter next day , liquidate when the stock makes 5% or plus move. That is how I intend to use this.

Bill
TA is tactics. One needs a strategy to succeed in market.

Vishal/hector
tks

dduck
You are looking at after hours market, those bid ask are meaningless.

Bill said...

I would suggest calling this "popcorn," because you're finding where the kernels are hottest and trying to catch them as they pop.

Pradeep Bonde said...

Name should ideally capture the essence of a concept. That way Virgin and Episodic Pivot do very good job. Many times I find better names after many months or days.

Bill said...

You probably won't like this, but "Bull Flag Breakout" is descriptive.

You're looking for this:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant

With the flag limited to +10% gain in 22 trading days, and setting a cutoff for a very high run-up into the flag. Then you scan for breakouts.

Pradeep Bonde said...

It is not a question of liking or hating technical analysis. I have read every book on TA. Know more TA than many people who claim to be expert on TA.
TA is basically about tactics not about strategy. If you want to make 10-15% per annum, you use TA, if you are looking for higher returns, you need different strategies.
TA may be small part of a overall larger strategy. Take the IBD case, it works because stock selection is done based on earning momentum and price momentum. Those are statistically proven concept. Now chart pattern like Cup with Handle is small part of tactics used in the overall strategy of buying a high EPS , high Relative Strength, high margin, high ROE and many stock.
Less skilled speculators or those lacking in perspective just keep focusing on the chart patterns.

No.. this is not my original name said...

Hi,
I am a newbee to TA.. Can you suggest me some literature on the subject.
By the way, how many stocks do you scan every day to NOTICE a pattern.

Pradeep Bonde said...

http://stockbee.blogspot.com/2006/09/are-you-lost-in-technical-analysis.html

This is not pattern based trading blog.

Yellowmater said...

How do you set up the 2% ranking in tc? I know this is a basic question but could some help? I used this formula "365.25 / 135 * ((C - AVGC135 ) / AVGC135)" in easy scan for this same date and came up with a much larger list. Thanks

Pradeep Bonde said...

Did you set up
All stocks
Plus check if it was set to rank.

mgold said...

Pradeep, how much weakness on 3 days are you looking at in regards to entering in anticipation? Thanks!

Pradeep Bonde said...

Less than 4%