Studying the characteristics of such leading stocks can help you identify criteria essential for making such moves. My model constantly looks at such stocks outperforming the market and builds profile of ideal stocks and compares opportunities with them. Constantly monitoring this small universe ensures that you are investing in the best opportunities the market has to offer for given time period. All of the stocks in this list have at least doubled in price in last one year. This list does not include stocks below 5.
ACOR,Acorda Therapeutics Inc (Google Yahoo Earnings BW Chart)
ALTH,Allos Therapeutics Inc. (Google Yahoo Earnings BW Chart)
ALY,Allis-Chalmers Energy Inc (Google Yahoo Earnings BW Chart)
AMPX,Ampex Corp Class A (Google Yahoo Earnings BW Chart)
ANGN,Angeion Corp (Google Yahoo Earnings BW Chart)
AOB,American Oriental Bioengineering Inc (Google Yahoo Earnings BW Chart)
AUXL,Auxilium Pharmaceuticals Inc (Google Yahoo Earnings BW Chart)
AZL,Arizona Land Income Corp (Google Yahoo Earnings BW Chart)
BIOV,Bioveris Corp (Google Yahoo Earnings BW Chart)
BITI,Bio-imaging Technologies (Google Yahoo Earnings BW Chart)
BRLC,Syntax-Brillian Corp (Google Yahoo Earnings BW Chart)
BTJ,Bolt Technology Corp (Google Yahoo Earnings BW Chart)
CHDX,Chindex International Inc (Google Yahoo Earnings BW Chart)
CHINA,CDC Corp Class A (Google Yahoo Earnings BW Chart)
CLEC,Us Lec Corp Cl A (Google Yahoo Earnings BW Chart)
CUBA,Herzfeld Caribbean Basin (Google Yahoo Earnings BW Chart)
DGIT,Dg Fastchannel Inc (Google Yahoo Earnings BW Chart)
DVAX,Dynavax Tech (Google Yahoo Earnings BW Chart)
FCGI,First Consulting Grp Inc (Google Yahoo Earnings BW Chart)
FTGX,FiberNet Telecom Group Inc (Google Yahoo Earnings BW Chart)
GHDX,Genomic Health Inc (Google Yahoo Earnings BW Chart)
GIII,G-III Apparel Group Ltd (Google Yahoo Earnings BW Chart)
GOAM,Goamerica Inc (Google Yahoo Earnings BW Chart)
GRA,W.R. Grace & Co (Google Yahoo Earnings BW Chart)
GTXI,Gtx (Google Yahoo Earnings BW Chart)
HGO,Houston American Energy Corp (Google Yahoo Earnings BW Chart)
HRT,Arrhythmia Research Tech (Google Yahoo Earnings BW Chart)
HRZ,Horizon Lines Inc (Google Yahoo Earnings BW Chart)
HTI,Halozyme Therapeutics Inc (Google Yahoo Earnings BW Chart)
IGLD,Internet Gold-Golden (Google Yahoo Earnings BW Chart)
IIG,Imergent Inc (Google Yahoo Earnings BW Chart)
ININ,Interactive Intelligence (Google Yahoo Earnings BW Chart)
IOC,Interoil Corporation (Google Yahoo Earnings BW Chart)
JAS,Jo-ann Stores Inc (Google Yahoo Earnings BW Chart)
JST,Jinpan Internat Ltd (Google Yahoo Earnings BW Chart)
LMRA,Lumera Corporation (Google Yahoo Earnings BW Chart)
MALL,Pc Mall Inc (Google Yahoo Earnings BW Chart)
MCF,Contango Oil & Gas (Google Yahoo Earnings BW Chart)
MEH,Midwest Express Holding (Google Yahoo Earnings BW Chart)
MFRI,Mfri Inc (Google Yahoo Earnings BW Chart)
MIKR,Mikron Infrared Inc (Google Yahoo Earnings BW Chart)
NMGC,NeoMagic Corp (Google Yahoo Earnings BW Chart)
NRMX,Neurochem (Google Yahoo Earnings BW Chart)
NTL,Nortel Invesora Sa Ads (Google Yahoo Earnings BW Chart)
PCCC,Pc Connection Inc (Google Yahoo Earnings BW Chart)
PSMT,Pricesmart Inc (Google Yahoo Earnings BW Chart)
SIGM,Sigma Designs Inc (Google Yahoo Earnings BW Chart)
SQNM,Sequenom Inc (Google Yahoo Earnings BW Chart)
SRSL,Srs Labs Inc (Google Yahoo Earnings BW Chart)
SRVY,Greenfield Online Inc (Google Yahoo Earnings BW Chart)
STEC,Simple Technology Inc (Google Yahoo Earnings BW Chart)
SVNT,Savient Pharmaceuticals Inc (Google Yahoo Earnings BW Chart)
TATTF,Tat Technol Ltd (Google Yahoo Earnings BW Chart)
TGEN,Targeted Genetics Cp (Google Yahoo Earnings BW Chart)
TTEC,Teletech Holdings Inc (Google Yahoo Earnings BW Chart)
UAHC,United American Healthcare Cor (Google Yahoo Earnings BW Chart)
UUU,Universal Security Instruments (Google Yahoo Earnings BW Chart)
VSNT,Versant Corporation (Google Yahoo Earnings BW Chart)
"Confine your studies of movements to the prominent stocks of the day. If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole" Jesse Livermore
7 comments:
A set of very good-looking stocks. Many have potential for a next leg.
My favorite is UAHC. It looks extremely likely to run this week and will be at the top of my radar.
I also think MEH and DGIT are in the middle of legs with some room to go.
Can you please share the formula for TC? I tried to run the scan using these criterion but I get 103 stocks.
-Doubled from low in 1 year
-Avg cash flow for 20 days > 2500
-Price is more than 5 but less than 30
-Within 5% of 6 month high
Is there any manual selection that you apply? If yes, how can I do that?
For 30 plus momentum
1) C >= 30 (close above 30)= true
2) AVGC20 * AVGV20 >= 2500 (cashflow)= true
3) 365.25 / 200 * ((C - AVGC200 ) / AVGC200) 200 day momentum
Now take top 3% by list rank.
41 stocks in scan, should match this list.
For less than 30 but greater than 5
1) c<=30 true
2) AVGC20 * AVGV20 >= 2500 AND C >= 5 (combined scan for cashflow plus price above 5)
3) 365.25 / 200 * ((C - AVGC200 ) / AVGC200)
Take top 2%. Should give you 60 stocks in other list
You can similarly create a list of below 5 priced
c<=5
cashflow
200 day momentum top 4% will give you 33 stocks below 5
Hope this clarifies. See if you get same matches.
I have also modified the breakout formula since I told you about it last time.
Great! Using the formulas I got 41 and 60 for the two scans. Can you please explain what the 200 day momentum scan means - 365.25 / 200 * ((C - AVGC200 ) / AVGC200) ? Unfortunately, I was not able to copy all the formulas from the google group TC2007 topic. Do you have a copy?
365.25 / 200 * ((C - AVGC200 ) / AVGC200)
365.25 is number of days in a year (taking leap year in to account).
Avgc200 is a simple average of price for last 200 days.
So if a stocks has in 200 days moved X% compared to its 200 day avg price, what will be the growth in 365.25. It gives you a way to rank stock. The other way is by using the IBD relative strength formula or by comparing every stock to the benchmark.
The objective is to buy the fastest moving vehicle for any given time period.
So if you have a continuously (daily adjusted) portfolio of top 1% stock by this measure(around 25 stocks), you will beat the market by substantial % irrespective of market conditions. That is the concept.
In practice for transaction cost reason, one can do the adjustment on a weekly basis or when a stock breaks out. There are many tactical thing one needs to do to tweak this but essentialy if you hold a portfolio of 25 top ranked stocks, your probability of outperformance is high.
One can experiment with the 200 day parameters to look at range of optimum value, but as a rule the lower the value you use, more noisy it will be. Say instead of 200 days you use 10 days, the list will be influenced more by a single day change in price. You can calculate the 200 day average differently giving different weights to recent prices as against older prices. Which will make marginal difference.
Why break it up in 0-5, 5-30 and 30 plus? It is not at all necessary. As I have said earlier, price growth is not a function of price.Somehow on the street people like stocks above 30, so I am just playing to the gallery.
One line philosophy behind all this is find the fastest moving vehicle all the time,if you do that you can never lose the race.
But many people find it difficult to trade, thinking there is some catch to it.
For more details see Ed Seykota web site. Look under
http://www.seykota.com/tribe/TSP/index.htm
Thanks for taking the time to explain.
One of the shortcomings of this is that it eliminates stocks which do not have 200 day trading history. So it misses out on recent IPO, which outperform.
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