well ,fwiw, my list comes from stocktables.com for RS and EPS > 80 , then I check the float by using MSN screener deluxe (Total Shares Outstanding) , then the list goes through Spydertrader's FANTASTIC scripts. AMEN
I must have missed adding it somewhere along the line. I have it added now. Better late than never I suppose. Glad to hear things worked out for you. Keep up the great work. A rising tide still lifts all boats. Besides, the CANSLIM folks have a much larger group of traders moving the market. When our lists and theirs overlap, we really see the stocks move. The market and the really good trades will still be here when you decide to move from papertrading to real dollars. Continue to focus on execution, and don't worry about the missed opportunities. More equities like BOOM and REDF are just over the horizon. When price and volume start to move, we want a certain number of people to join the market and push our trades higher. Human nature being what it is, a few people will always try to front run the signals. Occasionally, those front runners get burned, and they'll surmise the system doesn't work. At that point, we can expect them to go out and search for another "Holy Grail." Continue to focus on what you can control - good entry, good exit, correct execution and sound money management. I agree. Excellent work folks. - Spydertrader
Jack never show any concern about who follow his method so this thread could dispelled another conventional wisdom 'if more people know about it the less effective it become'
I've been using 90 and 80 for RS and EPS respectively. From now on, I'll use 80 for both. Thanks for sharing how you arrived at REDF in your FInal Universe. - Spydertrader
Congratulations to all of you who were in REDF today (or still are). It's good to hear that the methodology has the same potential when extended to a slightly larger number of names. I'm still long IRIS after yesterday AM signal.
You are welcome. I think the list with 80 -90 is only 75 symbols long, and 141 with 80-80. I opted for abundance
Good morning. I think the reason Spydertrader did not have REDF on his hot list for this am. is because it has negative earnings. 1. Have a float less than 60,000,000 2. Have a float greater than 5,000,000 3. Have a 65-day average volume above 200,000 shares 4. Have positive EPS. ****Remember: The above 4 points MUST apply to the stocks you KEEP. If the stock doesn't have the above 4 criteria, you MUST eliminate the stock from your Hotlist.**** I have to admit I did add REDF to my hot list because earnings were so close -0.01 Dan
Although... A note of warning: REDF rose on a strong sector move today. The Nasdaq computer index is up 1.10%. In this chart I overlayed REDF with the ISE50, the nasdaq computer index.
As we all have seen it all depends on which source you choose for your data. Even if I think that in the long run the profit for missed or added trades will even out , we could post our daily list in the morning here ( it takes just 1 minute), to compare. Always if Spyder is ok with the idea.