Good to hear. October is coming up fast and that means it's about time to close this journal. But what if Spydertrader doesn't want to start Journal III? I was afraid that you'd moved on to loftier things, leaving us bereft of leadership and gurudom. The horrors.
I'm no Guru - far from it. I slug it out each day in an effort to make a living just like the rest of you do. I have my share of mistakes - some of them quite public - just like everybody else. To allay your concerns over closing the Journal, I plan to keep Journal Two going until the end of this year. No need to fret over any impending deadlines. - Spydertrader
Thanks. Steve and Spyder. Here is my homework for today. Does anyone mind to correct me if I am wrong? LQDT should be added to FU Stocks in DU List are: ANDE DXPE IFSIA IIIN LMIA MGPI TIE Chart Review: Among the above 7 stocks, "IIIN" is near the end of a tri-angle. It could go up-or-down big. MGPI seems in up trend with big room to grow. Trends of other stocks are not that clear to me --- not to trade is better than to trade a wrong one. BTW, do you trade FU stocks NOT in the "daily scanned DU list", but with good pattern? FRV confirmation is a must, right?
LQDT appears a little light on the 65 day average volume. Quote.com has it listed as 138,000 shares. Since I use a minimum 200,000 shares for a 65-day average volume, I have not added LQDT to my Final Universe at this time. Good trading to you. - Spydertrader
The rest of your analysis looked pretty good though, so don't be too hard on yourself. - Spydertrader
I have been thinking that it only seems necessary to check for new stocks to add to the final universe once a week since new stocks that rank don't pop up with great regularity. This would save some daily time. Is there any good reasons why this would be a bad idea?
The rankikngs change on a daily basis and I can tell you from experience that when eps come out for a stock the EPS rankings can change in a rather dramatic and material fashion. When a companies eps leaps from 70 to 99 the stock automatically pops up on a lot more investors screens. The best way I have found to check is to create a screen in IBD's custom screen wizard. On the weekend I click all 80 symbols or so in the list. Then every morning I run the screen and see what new stocks pop up. If you don't clear your intenet history than the few new stocks stick out like a sore thumb.
Whilst hunting about, I came upon SIM: Float: 21M Avg Vol: 319K EPS: 1.24 Price: $15.65 IBD EPS: 95 IBD RS: 99 Rank: 5 Score: 7 The only negative is that its listed on AMEX...