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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (10545)6/23/1998 9:24:00 PM
From: LastShadow  Read Replies (1) | Respond to of 120523
 
Russell 3000

I ran the list I posted, along with the others requested, through one of my 'generic' nets. Wow..of the 16 stocks only 4 (OATS, SEEK, SUPG, TAVA) were listed as shorts/sell, everything else was a buy. What was even more impressive was that when I ran targeted nets for the best candidates, I got the following possible annualized returns:

CMGI - 784%
DCLK - 677%
ELNK - 708%
SEEK - 708%
MSPG - 622%

The lowest was SUPG at 137%. (Net was run from Jan 1 onward with slippage and fees accounted, etc. ad nauseum).

What is really significant about this (besides the potential trading strategy) was that it implies stocks being added mirror my general screening criteria....I wonder how much that would be worth to an index following fund...I will test some of the major deletions and see if I can backtest for that criteria.

The closest buy signals were given on yesterday for FGII, and last Friday for SCS, QGLC, SYNT and NSPR. All the other buy signals occurred over 1 week ago. FGII is the only one tehnically that doesn't look overbought though.

I'll pursue these.

lastshadow