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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Allen Furlan who wrote (2292)5/1/1999 11:54:00 PM
From: drakes353  Read Replies (2) of 2506
 
Allen:

Have you ever investigated the flip side. When doing value screens to identify buy candidates I have found that there are not very many jewels in the downtrodden "value" stocks.

One of O'Shaughnessy's best performing strategies is to buy high relative strength stocks with low PSRs (under 1.0, I think.) This gets you into value situations that have already turned the corner and helps keep you out of the ones that are on their way to zero.

However if one could add a screen parameter that recognized the negative delta in RS then at least one would have candidates which had sparked the interest of wall street in the past. Also could you tell me which commercial data bases have RS at time specific points(ie so as to calculate a delta).

Try VectorVest or QInvestor. I've used both and QInvestor is, by far, the superior product. QInvestor has weekly RS data and allows you to screen on whatever fundie criteria you use to find value stocks. Also gives you the ability to backtest your screens, optimize, etc.

Not sure why you'd be interested in negative delta stocks though. It's the value names that are showing positive RS delta that you might want to look at as buy candidates. Low RS stocks, especially those with negative RS delta, should be sold, avoided or shorted.

drakes353
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