Here are the stocks for the Oct 98 low RS / neg cash flow screen.
I did this screen on Oct. 7.
The top 25 stocks were as follows, listed with the lowest 18-week RS first:
rmoc,psql,skyc,alyd,ener,inis,aim,mcar,omni,rmag,cvol,mton,thor,sndcf,orph,exca,drxr,htei,aasiu,esti,fxen,gnet,cyph,knsy,mvis
click the link below to see yahoo's detailed report on all 25 stocks:
quote.yahoo.com
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How the scan was done:
I used Telescan's Prosearch, available on the web (for a
subscription) at tscn.com
Search components were:
shortability:
price > $5
30 day ave vol > 5 k
small cap:
$20 M < market cap < $200 M
low RS: rel performance 18 weeks : low as possible
eliminate value stocks:
p/b > 3
p/s > 2
free cash flow < 0
cash/price ratio : low as possible
I optimized the above parameters in May and June 1998, which was soon
after a small cap market peak, by backtesting the results (I played
with the p/s, p/b ratios, the time span for the low RS, etc.) and this
is the set of parameters that did the best over the previous 3-6
months. The returns from this screen are probably best over a 3+
month holding period.
I don't recommend shorting any of the stocks produced by this screen.
This list is intended only to encourage further research. |
