Andy,
I am looking at the scan you just posted. I certainly
would like to get results like this. I have worked with
revenue, quarterly, annual,yr over yr, sequential, but
do not find this level of performance.
If I understand your scan, you are looking to
1. qualify stocks as of 125 days ago
2. require a minimum $10 price at time zero
3. require a certain sharefloat range
4. require six months revenue at time zero to be
75% higher than the yr prior 6 months revenue
5. require a 5.75% average price volatility measure in the
the 90 days prior to day zero.
I may be mistaken, however, I think you may have a problem
in working with a current QP2 database relative to backtesting
for time zero of 6 months (125 days) ago.
A problem may exist in assuming the quarterly revenue qtrrev(-2)
you are scanning on today's database was actually public
at your time zero date. This is like assuming all companies
released the 1st qtr results for Jan-March on March 31 or April 1st.
And further, that Gary's vendor supplied it to him and that Gary
entered it in his database immediately. You appear to be selecting stocks at 6 months ago which WILL show 75% or more revenue growth
as releasing in results to be made public 3 to 7 months later.
Wish I could read those later issues of the the Wall Street Journal
today.
If you try using qtrrev (-3) and (-4) versus (-7) and (-8), I suspect
you may see performance drop to levels I see when the
75% revenue growth has been reflected in the higher starting
prices for these selected stocks.
Hope I'm wrong. If so, I would surely seek to work with this
level of easily obtained high returns.
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