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Bob - Glad that was of use. Note the different styles that
are preprogrammed in the screens
and the results from those styles. Hard to backtest,
you just have to trust them.
Also, they hold some relatively good programs in our area
and bring in national speakers about 1/quarter.
Last year one of the key managers of AMEX's ETFs funds
area spoke and gave the background
on the creation of these investment vehicles and
how the process works. Somewhat complex -
how they continually create units say of QQQQ as the
demand requires. Don't know how
it works the other way when supply exceeds demand, then I
guess the underlying stocks are sold
off and the units are eliminated.
JOE
----- Original Message -----
Sent: Thursday, January 27, 2005 6:00
PM
Subject: Re: [amibroker] off topic
-selecting stocks of interests
Joe, thanks for the info.
I wasn't familiar with AAII. The website
looks like it's worth checking out. Another good tool is always
welcome.
Regards,
Bob.
----- Original Message -----
Sent: Thursday, January 27, 2005 6:46
AM
Subject: Re: [amibroker] off topic
-selecting stocks of interests
Bob & Bob:
I use this also and there's book written by Marc
Gerstein that describes the approach.
Marc has been known to answer EMails and knows the
problem of backtesting and
the need for historical data. At one point
he promised to ship me a few years worth of
family lists but alas that didn't
happen. Marc was with Multex before Reuters bought them
out and remained with them in the first year. (ah I
see he has another book on the site and also
that Reuters has bought Foliofn ) I think
Reuters is a main price data supplier to folks like AAII,
Microsoft, professionals(professional price for
a subscription and a desktop).
AAII also has excellent
screens where performance is tracked. IBD was know to cite
the CANSLIM results obtained by AAII in 2002, but in 2003 that approach
did not fare
well.
Regards
JOE
----- Original Message -----
Sent: Thursday, January 27, 2005 5:29
AM
Subject: Re: [amibroker] off topic
-selecting stocks of interests
I use the Reuters Select lists to pick the stocks I
apply my TA to. They
have 19 different lists, each updated
daily. I build a new watchlist every
Friday from 5 of them.
IIR, you have to register on their site,
www.reuters.com,
to access the lists
but registration is free.
Follow the menus:
Investing->Ideas
& Screening->Reuters Select (or Ideas & Screening->
Daily
Results). You can download the screen results in Excel
format.
They also have a screener tool that you can use to build
your own lists, but
it's a cut-down version of the professional tool
they provide their paying
customers.
I'm not sure if you can
download the results or not. The Reuters Select
lists
are
built with the full profession screener.
I switched to using
these lists from using filters against my QP fundimental
data
at
the end of September and the results have been good (so
far).
The main drawback to using lists like these is not knowing
the historical
membership
so it's not possible to do a really
accurate backtest. The lists vary quite
a bit day to
day
& week to week.
Bob
----- Original Message -----
From: "chic195a" <chic195a@xxxxxxxxx>
To:
<amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 26, 2005
11:59 PM
Subject: [amibroker] off topic -selecting stocks of
interests
>
>
>
> Can anyone suggest
successful stock selection services or sites, that
> sorts through
stocks and narrows them down for further investigation?
>
>
Moreover, would anyone care to share how they might select stocks
of
> interest to them, what programs they may use to do so, or sites
they
> may use. I realize stock selection is a personal thing, with
many
> variables, and interests, but there has to be a way of
narrowing down
> 7000 or so stocks to some as semblance of
order.
>
>
>
>
>
>
>
>
>
Check AmiBroker web page at:
> http://www.amibroker.com/
>
>
Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
Yahoo! Groups
Links
>
>
>
>
>
>
>
>
Check AmiBroker web page at:
http://www.amibroker.com/
Check
group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Check AmiBroker web page at:
http://www.amibroker.com/
Check
group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Check AmiBroker web page
at:
http://www.amibroker.com/
Check
group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Check AmiBroker web page at:
http://www.amibroker.com/
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
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