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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (2385)	6/26/1999 11:47:00 PM
From: Q.	Respond to of 2506

Vol, I'm sorry to hear this about Q-Analytics. It sounded much better than telescan, which is what I used to do my screens. The search tool they have is called ProSearch. There are two variants, and you would probably want the online version, which has fewer features but is much more affordable. The features of ProSearch are aimed more at TA people than at people who also, or mainly, use data derived from financial statements. You can probably get a trial subscription. tscn.com

To: Vol who wrote (2385)	6/28/1999 7:04:00 PM
From: Graeme Smith	Read Replies (1) \| Respond to of 2506

As far as shorting screens on Q-Investor, one parameter that I found interesting was average volume divided by shares outstanding. I tried this expecting that a high number would indicate high interest and price appreciation. Instead it seems to be a very good indicator of pump and dumps. A screen taking the highest 5%, trading price > 5 and RS<50 (dump phase) had a zero compound performance on yearly backtesting and -0.3% mean gain on monthly backtesting. More importantly the screen has performed progressively worse against the S&P 500 every year for the last 7 years as the internet has made P&D's more commonplace. The one year this screen does completely fail is 1991. I'm not sure why but that year almost every stock it picked that year went up. I'm interested to know what other peoples shorting screens are. I've researched into various screens, but never got very serious, and never used any in real trading. Graeme