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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (4898)	10/17/1999 5:16:00 PM
From: Herc	Respond to of 18137

Anyone know of a screen where you can compare a company's market cap to its current cash/cash equivalents? MSN Investor does not offer this. This came up when I discovered HDD had $5.07 in cash/short term securities vs. a price of $5.87.

To: Dan Duchardt who wrote (4898)	10/17/1999 5:57:00 PM
From: Eric P	Read Replies (2) \| Respond to of 18137

I am still intrigued by the possibilities of what could be done with an effective scanning tool, coupled with an effective mechanism for responding to what it returns... If I had the tools (maybe something like Eric P's system) I'd love to try to exploit this pattern. Dan: If you had this kind of system, what else would you want to scan for? I am just finishing the features of the Pristine ESP scanning system (release date, late November) and am looking for ideas of what additional features to include. I've already configured instant alerts for: 1) 52 week highs/lows 2) Approaching within 1/4 point of 52 week high/low 3) Block trades of 100k+ shares above ask or below bid 4) All of the Pristine taught systems ....=> About 15 in all, including their daytrading, guerrilla trading and swing trading systems 5) Stocks breaking out of a long intra day base. 6) List of stocks gapping up/down prior to open. 7) Etc. These alerts are all one click away from being loaded into the RT3 Level II and charting displays of your choice to enable rapid trading decisions. Another feature are the scans, which will be continuously updated and integrated into RT3 market minder displays. Scans have already been configured for: 1) Percent gainers and losers 2) Point gainers and losers 3) Most active stocks based on volume 4) Most active stocks based on trades in the past one minute 5) Stocks hitting new highs or lows during the day 6) Stocks nearing the trigger point for a Pristine trade opportunity 7) Etc. As you point out, it is very interesting to have immediate alerts the moment any stock breaks to a new 52 week high or low. I have configured additional screens to eliminate stocks if their previous 52 week high is within the last two weeks or if their average volume is less than 150k shares. In addition, all of the alerts are 'scored' based on how well they meet certain criteria. New highs can gain 'points' in the scoring if they had met resistance at their previous high on two or more occasions. The scoring is also affected by current market criteria such as the TICK, TRIN, etc. Obviously, the intent is to provide the active trader with as much information as possible in a very timely and efficient format so that they can make fast trading decisions. In addition, the scans provide a very helpful list of stocks worth watching closely. The Pristine ESP package goes a step beyond merely the delivery of a glut of information to the user, it actually filters and sorts the information to identify tradable opportunities. I would welcome any thoughts or comments that anyone could provide. I'll even 'toss' in a free trial for a few weeks for any new ideas that I can implement into the alerting/scanning package. Other than the Pristine methods, what other 'setups' or 'systems' are popular for day trading and would be useful to have instant alerts for? What additional scans would be helpful? Thanks, -Eric P.S. The following post contains information that may be included in an upcoming press release about Pristine ESP.

To: Dan Duchardt who wrote (4898)	10/17/1999 6:02:00 PM
From: Eric P	Read Replies (1) \| Respond to of 18137

PRISTINE ESP Pristine ESP is one of the first products that fully utilizes expert systems technology to benefit active traders and online investors by alerting him/her to trading opportunities. Using the intelligence of ESP, the trader will be able to make trading decisions efficiently and quickly without being bogged down with the difficult and time-consuming process of sorting through thousands of traded securities to find a trading opportunity. This technology also teaches why the suggested security is a good opportunity. How it Works The Pristine ESP product is programmed to identify key setups occurring daily in the marketplace. A powerful computer and satellite data feed are combined with an artificial intelligence engine to comb through and find tradable opportunities. Every movement and change that occurs in every stock is continuously monitored. Using client/server technology and the Internet, ESP alerts are instantaneously broadcast to the trader's computer, pager or e-mail, at the moment the individual stock matches a defined setup. These alerts include not only the market intelligence which identified the security, but also the reason for the alert and links to more information on the analysis techniques used to identify the opportunity. The investor is therefore taught WHY the stock is a good investment Now. Pristine ESP currently searches for over 20 different trading set-ups. These set-ups are based on the proven methods that Pristine.com has been teaching successful traders for the last seven years. Pristine ESP also alerts traders to stocks meeting other, more generic criteria. So What? The impact of Pristine ESP on the trading industry will be substantial. It will: => Change the way people view and use direct access trading platforms and online trading accounts: Pristine ESP will make trading platforms more intelligent. Today, these platforms are nothing more than information providers and execution systems. ESP will turn them into truly intelligent trading platforms by actively sorting through information and extracting opportunities. =>Empower every individual investor with the tools to compete with the most sophisticated traders: by utilizing its own proprietary artificial intelligence models, it identifies complex patterns in the market that have proven very profitable in the past and alerts the individual when and where to buy/sell - in real time. Altering investors in real time, remotely, distinguishes it from other stock scanning software. =>Empower investors to make educated decisions in real time, improving the success rate of investors: today investors are forced to manually decipher opportunities from reams of market data or invest in costly computing infrastructure, proprietary software, and data feeds or worst yet, rely on old news or analysts' hype. Pristine ESP pushes market intelligence and an explanation to the investor in real time. TIMING IS EVERYTHING, KNOWLEDGE IS POWER and ESP GIVES THEM BOTH. Teach all investors how to utilize technical analysis: although news, fundamentals and corporate identity are major influences on investors today, ESP will turn these influences on their heads. ESP utilizes technical analysis to identify otherwise hidden opportunities for the investor. It is impossible to hide the 'footprints of money' from ESP. The investor will be much more qualified to make the best investment decisions based on hard technical analysis of the entire US equities market rather than solely depending on their momentary emotion or gut feel about one stock in a trading panic.