Thanks, thenewguy. I restrict buys to RSR above 80 and short to below 45. Note however, this is not RSI. It is RS "Rank". Like in IBD. Comparing the stock's performance relative to the whole stock universe... I think.
Results as of Thu, Sep 29 Of the 60 stocks, 11 met, or exceeded the 4% goal. None were stopped out. One was DQ'd. The format is (max gain, days held): RHAT (+27.2%, 2) EP (+7.7%, 2) REDF (+20.7%, 2) PDE (+5.2%, 2) ARNA (+7.2%, 2) DEPO (+5.2%, 2) LII (+5.1%, 5) VTIV (+4.4%, 7) TDW (+7.7%, 8) GW (+6.0%, 8) VRTX (+8.1%, 9) RNAI (+10.9%, 1) Disqualified as it gapped open above target. So far, winners = 36 losers = 2 Percent = .947 48 stocks are still being watched; (33 Longs and 15 Shorts).
fstrader, What are you using to screen your stocks for your watchlist? What website, stockcharts.com..etc..? Thanks.
My picks for Friday, Sep 30, 2005: The format is (Last Close/Stop). LONGS RIG (62.18/55.22), GFI (14.66/12.33), ET (17.22/14.79), PWI (30.97/27.50), MDG (22.21/19.56), KSU (23.17/20.90), WLT (48.90/43.50), BKH (43.41/39.58), WHQ (33.51/29.35), BELFB (36.0/31.38), EPIQ (22.06/18.14), ICGE (8.90/7.53) SHORTS WMAR (14.70/17.82), PNCL (6.36/8.90) 62 stocks on the list as of now. Best of Luck to everyone tomorrow!
Results as of Fri, Sep 30 Of the 62 stocks, 2 met, or exceeded the 4% goal. One was stopped out. The format is (max gain, days held): HOS (+6.1%, 2) OII (+4.1%, 7) CLZR (-6.8%, 9) So far, winners = 38 losers = 3 Percent = .927 59 stocks are still being watched; (43 Longs and 16 Shorts).