John:
Thanks for the e-mail, YES i am still a XICORIAN. Unfortunately i have been sidetracked with nursing several of my other stocks back to health. Xicor has found some stability while many of my other fliers have NOT.
Recently i have been doing alot of research on finding momentum stocks . The bloomberg service that we use here at my company allows me to do an equity search on the entire universe of securities using specific fundamental, technical, price and volume data. Based on my current selection criteria of
1. less than 20 million shares outstanding
2. Price between $5 and $30
3. 1 day price increase between 5% and 20%
4. price within 5% of 52 week high
5. 5 day volume/20 day volume > 25% change
5 day average volume > 20k shares
I have been able to screen out a few fliers and make some good money, usually the above selection criteria will return me around 2 - 5 stocks every morning to trade. Once I have screened the stocks i make sure that the move in the stock is because of some fundamental reason or a break through a technical barrier, then i make sure the stock has good historical growth and is actually earning money, otherwise i won't trade it.
This sounds like alot of work but it really only takes a few minutes to do with the bloomberg.
If anyone is interested in helping me refine my selection criteria I will gladly post the results of the search here at the XICOR thread.
Any comments on selection criteria should be posted here to my attention and open for debate. Hey i'm not greedy, if we can figure out the best selction criteria i hope we all get richer, since we are aready RICH.
Hawaii countdown, 14 days
blaine
Check out these stocks that came back from my selection criteria above SPA, SUDS, AEOS, FINE, AMSI, SCTR. These were all located before the BIG jump in price and should be considered ONLY for traders. I was IN and OUT of these stocks in ONE day, they normally will run for a couple but HEY why be greedy! |
