2/24/2010
Two possible ways to find shorts
When the market has negative day I am often asked by readers for short scans. Here are two possible approaches to finding shorts.
Any approach you follow requires some elbow grease.
First Approach
Logic: Look for short opportunities in high priced stock
Easyscan:
common stocks
Price per share Rank >90
volume 3 day pcf ( minv3.1>=3000)
e.g fti I found using this
Second Approach
Logic: One quarter momentum. When looking for shorts it helps to look at momentum on shorter time frame.
63 day momentum pcf
c/c63
volume 3 day pcf
minv3.1>=3000
Easyscan
Common Stocks
Price per share>10
63 day momentum rank 1 to 20
Volume 3 day pcf= true
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2 comments:
Pradeep,
I have been following your site for the last few weeks and have learned more than any other investment site I have come across. I have been going through the archives and as a result recently purchased TC2007. As I get up to speed, I wonder if you could clarify this post.
Regarding your ‘First Approach’
When I create a new ‘easy scan’ there is a dialogue window that allows me to choose the criteria to be ‘price per share’ and the condition to ‘Market Rank’. It is not clear to me how I include your statement ‘common stock’ or ‘volume 3 day pcf’?
Thanks for a great site!
Dirk
Thanks
PCF like volume 3 day pcf you need to write before you put them in easyscan. The first field is Watchlist in any easyscan, that you can change to Common Stocks.
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