<< All this stuff is beyond me, like my mother often said "What does that have to do with
the price of cotton?">>
I really don't know what you mean by this.
<<Andy's scan returns are in keeping with an attempt to maximize profits.>>
Is there anyone here trying to do otherwise?
Your returns
look like they are there to justify your view of what should be but may not be.>>
I don't know what you mean by this. I have no view of what should
be. I am looking to see HAS BEEN there and which may better select
good investments than what I had been doing.
If you are suggesting that the returns I have shown here
are not what I actually computed, might have been altered
for some purpose, that would be beneath contempt.
<<Your overconcern for Cap lessens the results.>>
I really don't know what you mean by this. If you refer
to market cap, that is one variable among many which I
consider and report. I consider and report all the variables
I work with. Why wouldn't I, and why shouldn't I?
<<When all is said and done, a decision for entry
and exit must be made>>
I see nothing wrong with evaluating and holding for a pre-fixed
period like 3mn, 6mn, or 1yr. And then selling and repeating the
process as long as the results have justified that behavior.
<<We are not back 6 months or a year ago but now.>>
Are you here suggesting the futility of backtesting
one's investment rules? Isn't that what all TA involves?
<<What determines entry/exit for you. When do we buy?
when do we sell?>>
See above and prior posts.
<<If I had my choice, I would go with andy's list for
results.>>
Please do. You certainly have the choice.
<<I would seek entry/exit based on a system that I trusted not to hurt me with a 10% safety valve.>>
Of course, the day after your safety valve stopped you back
into cash, and I held, my investment could as easily surge,
and your cash remain sterile, or your re-investment could plummet.
So what?
<<I keep waiting for a funnymental scan that provides an exact entry/exit that shows
outstanding results.>>
Mine is not a 'funnymental' approach. It is open to using all
the variables and a bunch more that I can justify to myself.
So you would reject as unpersuasive, a series of scans which
select 10 stocks on Jan 1 and when sold at year end, return
say 65% per year on the grounds that entry/exits to
your satisfaction were lacking? I wonder how many readers here you would pursuade about the soundness of that proposition.
<<The measurement of price movement and direction tells all.>>
Obviously, just your opinion.
<<It reflects your 56 variables and more.>>
Absurd, since my variables include price and direction,
and others as well which I have found useful in past markets.
None of us, you, nor Andy nor myself can do more than explore
the past to learn what it may teach.
<<I don't like to trade any stock with a float above
50M.>>
Then I think you are avoiding richer waters. How many years
do you beat the SPX? What percentage of Funds do?
<<I look at it as a supply and demand function with more effect on price then the Buffet type of game.>>
I don't know what you mean here, but on the little I know
about your investment procedures and Warren's, I would quickly
choose Warren's. |
