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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (7603)	6/3/1999 1:42:00 PM
From: B. J. Barron	Read Replies (1) of 18928

Hi Tom...i have reached the big hurdle of what stocks to add to aim ...i began it using dh which was already in my ira and i didnt want to raise cash at loss...from Mr L. book, inneraction with Bruce Bowman,Jeff Webers june newsletter and lot of lurking the aim sites have been trying to put together a profile of just what to look for...you would think this would not be hard but i find myself confused by what im finding when i do scanning using aaii stk investor and bloomberg(BB) at office...here is what i have been using as filters...1st looking for high betas .1.39...on BB with $ range 9-30 i found 70 stocks...this database is reliable and large...but when you add filter of near 52 week low and i gave it much leaway up to 50% greater...only 3 stks came thru..acai, muei, upup...this is only with those two filters... next i put 35 of Jeffs june picks into aaii scan as portf to see how they would look with beta, pe, 1 yr eps currQ eps and nxtQ est eps and 1yr est eps , debt , net margins etc...only 15 out 35 that i chose based on price range i liked had beta > than 1.39..aaii data is monthly and i am still using end of april disk but doubt 1 month would make great diff...i when to BB and compare the betas which is updated daily and found that of 15 stk only 5 had beta of >1.39...this makes me ? if data in aaii scannning sw is not accurate ...most data comes from mkt genl or guide not sure of extact name...when i look at chart patterns of stocks Jeff picks i see they mostly fit similar pattern...stk that has gone up several yrs and recently had crash and burn and now in basing pattern...maybe up a little form low...is this an exceptable type pattern to look for? or would one on weekly charts that has slight uptrend of past several years with lots of wide moves up and down within the long uptrend...am i approaching this in right manner? most of the high beta stocks in a first scan turn out to be several 100 % above 52 week low...these are usually the darling of the innernet momentum crowd and from what i have been reading arent what you look for in aim,,,i check out valueline at libr and notice one filter of off their highs(dont remember exact name) and noted there was a column for beta and a hand full had high betas but most were 4 or 5s via VL perf ranking...this causes me to wonder how to avoid getting into some that is down and has gone nowhere ie soss that was a winner in past but no looks dead...any help on how to go about looking for candidates would be appreciated...please excuse the lenght but i wanted to display how i was going about this task and need some input to see if im on right or wrong track...at this point wonder if beta is all that useful or not...seem like some where i read ? MR. L. books that you could just do a filter using diff of hi/lo $ over year as % and rank them to get stock with increased volatility...thanks bj

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