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

To: Vol who wrote (2440)	8/31/1999 10:54:00 PM
From: Q.	Read Replies (1) \| Respond to of 2506

Vol, a stop loss might help, but a more important thing would be just using additional DD to select among the stocks generated by the screen. I was not satisfied last year and early this year that Telescan was screening the way it was supposed to, and the way it used to in years past. The low-RS requirement is the most important criteria, and in past years the screen always produced ugly stocks that were going down, but more recently the screen was often producing stocks that were not going down, and often were going up, which is not what I wanted at all. Either the nature of the stock market had changed so that very few low-RS stocks were meeting the absolute criteria for cash flow, PSR etc. that were built into the screen, or Telescan was messing up. My present plan is to resume my telescan subscription in the late Fall, to look for tax-loss selling candidates. It's essential for tax loss selling that the stock must have gone down. If my low-RS/negative cashflow screen on telescan once again generates stocks that go up, I'm going to throw a fit, I think.