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Strategies & Market Trends : January Effect 2001 -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (248)2/5/2001 12:11:17 AM
From: Q.  Read Replies (4) | Respond to of 289
 
A low 3-week RS would probably be a helpful criterion to include in a screen, judging from the charts for your most successful stocks this year, Infostream.

I think next year I would screen on these criteria:

most important:
- stock price in desired range (mostly < $1)
- low RS: 12-mo, 6-mo, 3-mo, and especially lowest 3-week
- 30-day average dollar volume >> $50k

important:
- high individual ownership
- ratio (volume in next-to-last day of year or the day before that / 30-day average volume) > 1.2

less important:
- value criteria (price/cash, cashflow, etc.)

Finally, screen by hand to avoid stocks with recent bad news and large single-day price declines, and to favor stocks with charts that have been going down continuously.