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


To: s berg who wrote (2142)3/22/1999 9:48:00 AM
From: Q.  Read Replies (1) | Respond to of 2506
 
s berg, Telescan's 'low as possible' is pretty straightforward if you only have one such criterion, along with various absolute criteria like stock price > 5. If you have two or more 'low as possible', I think what it does is it gives some kind of total score for all the 'low as possible' criteria, rank orders the total, and lists the lowest first.

My telescan screen would usually work okay with a single 'low as possible' criterion, the relative performance. Applying this criterion to the cash per share doesn't make a big difference since the screen is usually able to find enough stocks with less than 0.1 cash/price.

BTW, did it make any difference in your backtesting when you chose operating cash flow instead of free cash flow?