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Dave,
Telescan also has Zack's earning estimates. Some of their earnings
criteria are One-Month Change in Projected FY Earnings, Earnings Velocity, EPS
Change Quarter to Quarter, etc. I haven't really spent much time playing with
One-Month Change or Earnings Velocity. I'll have to do that. Telescan does
have a back test feature where you can run the test for anytime up to two
years ago and then look at the result any number of days after the search.
I'll let you know if I have any success when I get time to play with it.
Jim
-----Original Message-----
From: Dave Zawicki
Sent: Sunday, June 22, 1997 12:22 PM
To: Jim Greening
Cc: Tom; Metastock List
Subject: Re: Sponsorship
> I had not included analyst recommendations until
> recently. I have started to play with a combination of the number of
analysts
> recommending the stocks coupled with strong buy recommendations which is the
> best way I know to define sponsorship. This does look promising, but not
> significantly better then several other approaches.
Jim,
If you have access to the data, try to look at the amount of the jump
in the earnings expectation. Like I said in the previous post, this is
often a predictor of stocks that are going to become strong buy
situations. For instance, in Zack's you can search for all the stocks
that have had their earnings estimates raised in the past month. Then
back check the new estimates with those of the previous month. If their
is a significant jump upward in the estimate, then it is worth a look.
I run this using Zacks Research Marvel.
--
Regards,
Dave Zawicki
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