I wasn't being funny, Howard. Quite honestly, I just haven't found a fundamental scan that consistently helps me make more money than the plain ole technical scans -- at least not yet. For the most part, I look for stocks in strong uptrends that are breaking through resistance, and I don't care what color the ink is in the ledgers at the home office -- black, red, or in the case of Sunbeam, perhaps, disappearing. Internet stocks have soared despite the fact that all the earnings are "expected."
One of the reasons I use Quotes Plus 2 is that it provides fundamental data and makes it possible to do fundamental scans. I have used some of Bob Sage's EPS/Relative Strength scans. Lately, though, during the Internet frenzy, I've been relying more on technical indicators and scans.
So that's the whole truth, with all its doubts and contradictions. I'd be pleased to see any ideas you have on fundamental scans. We really haven't deserted the cause. We're just going with what seems to work right now. On Monday, that could change.
I still run Canslim scans from time to time, still add QRS to some scans, still sometimes fall back on the best of the fundamental scans I've seen -- those by Bob Sage.
Brooke |
