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<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2>Jim,</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>QP2 has
what is called 'QRS' for relative ranking:</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>The
Quotes Plus Relative Strength indicator is calculated for each issue each day,
and becomes part of the data you download to your PC. The indicator ranks each
issue in the database against every other issue in the database, based on its
performance for the last 12 months.</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>Every
issue is ranked from 0 to 99 so that its rank is equal to the percentage of
issues that it has outperformed over the previous 12 month period. A rating of
92, for example, means that the issue has outperformed 92% of all of the issues
in the database.</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>The
formula is :</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2> (
Current Close / Close from 62 trading days ago ) * .4<BR>+ ( Close from 63
trading days ago / Close from 125 trading days ago ) * .2<BR>+ ( Close from 126
trading days ago / Close from 188 trading days ago ) * .2<BR>+ ( Close from 189
trading days ago / Close from 251 trading days ago ) * .2</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>This
value is sorted for all of the issues, and the top 1% of issues get a value of
99. The other issues are ranked similarly, down to the bottom 1%, which get a
value of 0.</FONT></SPAN></DIV>
<DIV> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>I just
purchased the program so I'm not too familiar with it, but just wanted to let
everyone know there is a ranking.</FONT></SPAN></DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=60594203-24111998><FONT color=#0000ff face=Arial size=2>Peter
Gialames<BR></FONT></SPAN></DIV>
<BLOCKQUOTE>
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of</B> Jim Greening<BR><B>Sent:</B> Monday, November 23, 1998 8:40
PM<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> Re: Building
Blocks - Narrowing the Universe of Potential Stocks<BR><BR></FONT></DIV>
<DIV><FONT color=#000000 size=2>John, </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2> I
don't mind using funny data as long as it works <G>. Yes the
CANSLIM strategy will work on any size stock. However, it the choice
comes down to a higher cap stock and a lower cap stock, the odds over the long
haul favor the lower cap for a higher overall return. Saying market cap
as low as possible gives one ranking criteria. Microsoft Investor (and
Telescan before it) will combine those relative indicators to come up with a
formula to rank the stocks that have passed the absolute criteria
requirements. Then I normally only view the top 20. Since QP2
doesn't use relative ranking, I'll have to come up with some other idea for
searches with QP2. </FONT></DIV>
<DIV><FONT size=2> The relative strength in Telescan
was relative to the whole market. All stocks they followed were ranked
in percentiles from 0 to 99. I assume Microsoft Investor does the same
but I,m not sure. I'm not sure what the RSI is in QP2, it may just be
the internal stock RSI. Prices as low as possible is another of the
relative criteria. Like I described above, It's combined with all other
relative criteria in a formula that ranks results of stocks that passed the
absolute criteria screen. Yes, I sometimes do add or delete criteria on
the fly. I like to use the debt/equity as an absolute requirement less
than 1, but sometimes only get a few stocks or none at all when I include
it. When that happens, it means I have to loosen my absolute criteria to
get more stocks to pass the screen. </FONT></DIV>
<DIV><FONT size=2> I don't think there is a problem
with posting my picks effecting the fills on large volume stocks that trade
actively. However, I have been concerned about the Christmas Special
type picks. I've noticed on some of them that you can usually get a
better fill about an hour after the open. I probably should say
something about that in my next weekly pick If I don't forget it
<G>.</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>John Manasco <<A
href="mailto:jmanasco@xxxxxxxxx";>jmanasco@xxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, November 23, 1998 3:09 PM<BR><B>Subject: </B>Re: Building Blocks
- Narrowing the Universe of Potential Stocks<BR><BR></DIV>
</FONT>Heretic! How can you possibly discuss using funnymental data on a
TA<BR>list?<BR><BR>Having vented myself I will say that I believe in using
every available<BR>resource to give me an edge in the market.<BR><BR>In your
CANSLIM scan you state that you look for stocks with a market<BR>cap as low
as possible. Why and how low do you go? Does the CANSLIM<BR>strategy not
work on large cap stocks?<BR><BR>In the BotFish scan you ask for stocks with
a 3 month relative strength<BR>to be as high as possible. Relative to what?
An industry group? You also<BR>state that you want price/sales to be as low
as possible and may or may<BR>no use debt/equity requirement. This seems
rather subjective. Do you<BR>dynamically alter your parameters to suit
different market conditions?<BR><BR>On a different subject do you think that
posting your weekly picks could<BR>have an adverse effect on your fills? I
guess I worry that if too many<BR>people start blindly following your
picks someone is going to get a<BR>fill at a significantly higher price that
expected.<BR><BR>I haven't used Schwab of Microsoft. Do you like their
fundamental data<BR>and screening abilities? What about pricing?<BR><BR>Have
fun<BR><BR>John Manasco</BLOCKQUOTE>
</BLOCKQUOTE>
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Date: Tue, 24 Nov 1998 13:16:30 +0800
To: metastock@xxxxxxxxxxxxx
From: Teo Soon Bock <teosb@xxxxxxxxxxxxx>
Subject: Re: Off topic - how to use mail program
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You can do it in Eudora Pro. Just open the message, change the subject,
and close it.
Not sure whether Eudora Light can do the same thing.
At 02:59 PM 11/23/98 -0500, you wrote:
>I know this is off topic but this is the only group that I correspond
>with that might know the answer.
>
>I want to change the subject of a mail message I have received before I
>move it to a permanent folder. For example if I get a message whose
>subject is "off topic" but contains some neat little formula that I want
>to remember can I change the topic and move it to one of my archive
>folders? I like to keep many of the messages from this group but the
>subject description does not always coincide with the content, or the
>reason I want to save it.
>
>FWIW I use Netscape 4.5.
>
>Regards
>
>John Manasco
>
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