jimvin
173 posts
msg #100519
- Ignore jimvin |
5/1/2011 10:54:16 PM
I play all filters that interest me on paper for 4 to 6 weeks before committing money, so I can only speak from the numbers I saw this week::the stock price went up substantially and, while there were pullbacks each day from profit-taking, the windows of opportunity, from what I saw, were short.
|
glgene
616 posts
msg #100528
- Ignore glgene |
5/2/2011 7:44:02 PM
REDF lost 13.45% today. Indeed, that top-ranked stock in last Friday's end- of-day run, would have been a great short today.
Today's end-of-day pick (not counting 2x silver) for tomorrow shorting: MOBI. Let's see how that does. This is not a perfect strategy (what is?).
Gene
|
jimvin
173 posts
msg #100536
- Ignore jimvin |
5/3/2011 4:33:19 PM
Wouldn't go near MOBI...until it shows up on one of the "Down So Low It Has To Go Up" filters on this site.
Take a look at StockCharts.com; default is set to candlesticks; under Predefined Attributes change the Range to 1 Month (drop-down menu) and the Size to Landscape (makes it easier to read).
MOBI plunged on the 2nd and the MACD line is downing like a lawn dart.
Today confirmed it; down over 22%.
|
glgene
616 posts
msg #100539
- Ignore glgene |
5/3/2011 8:58:23 PM
Read my original msg. This isn't a "long" search. It's the opposite!
Thus, MOBI would have been a superb "short" today. As you said, it lost 22% today. A perfect short. Too bad I didn't short it, but I just created this strategy, so I'm just exploring it here, and sharing my findings.
Gene
|
jimvin
173 posts
msg #100542
- Ignore jimvin |
5/3/2011 9:55:28 PM
How diabolical!
Shorting, like options trading scares the heck out of me.
That being said, having worked with over 200 fitlers from StockFetcher, I can recommend at least 100 filters that will return extremely good candidates for shorting...
|
glgene
616 posts
msg #100544
- Ignore glgene |
5/3/2011 10:04:32 PM
I'm sure you have excellent shorting scripts. I would appreciate seeing a couple of them (seriously).
My original msg simply hit on an IBD article, which I stated. With this thread, I simply wanted to play it out to see if it has merit. Too early to tell, but I'll still be checking.
Thanks for your continued input. Again, this script is to identify stocks in nosebleed territory, which means they should be observed for hitting the ceiling, or possibly go short.
Gene
|
glgene
616 posts
msg #100546
- Ignore glgene |
5/3/2011 11:47:09 PM
End-of-day Tuesday, May 3, top-volume stocks (for shorting) are:
AMRN -2.60% loss on 5/3/11
YOKU -5.91% loss on 5/3/11
Don't shoot the messenger. Just a further test of the IBD 111% rule (guideline).
Gene
|
duke56468
683 posts
msg #100553
- Ignore duke56468 |
5/4/2011 4:34:07 PM
Maybe this would help sort the choices
|
Rick67
64 posts
msg #100555
- Ignore Rick67 |
5/4/2011 6:57:26 PM
JimVin,
I would like some ideas on filters for 2 to 10 day swings.
I am looking for ideas and would appreciate your help!
Thank you,
Rick
|
jimvin
173 posts
msg #100556
- Ignore jimvin |
5/4/2011 9:24:04 PM
Dude! I am by no means an expert of filters; I've tried a few swing filters with mixed results. Each Market has its own personality and this one is really waffly.
The best swing filter I've found on this site is here:
http://forums.stockfetcher.com/sfforums/?qrid=1304496118&mid=28918&isiframe=
However I need to put some caverats around it:
1. It may go an entire week without generating a hit.
2. When you get a hit check the MACD lines and look at any news (positive or negative) regarding the stock that may indicate its moves.
3. Finally, one rule I have is never to buy into a "leap" regardless of the filter: When you look at the candlestick pattern and there is a jump, in this market more often than not that jump will signal a profit-taking in the very near future and the price will fall back.
If you do a search for "Swing" I'm sure you'll find a lot more filters to try, but I would play each one on paper for 6 weeks until I feel I have a confortable level of understanding if the movement patterns.
Good luck with your trades, but remember that luck is the result of study, skill and hard work!
|