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


To: Vol who wrote (2150)3/27/1999 10:59:00 PM
From: Q.  Read Replies (1) | Respond to of 2506
 
Vol, all the screens I have posted have been done with Telescan.

Both Telescan and QInvestor get data from the same source, MarketGuide.

Telescan's implementation, called ProSearch, leaves a lot to be desired, IMHO. Many features are not well documented. You can't screen on some things, like annual revenues, that any decent service should allow. Telescan doesn't know any better because their people are oriented primarily to TA, and probably wouldn't know something as fundamental as revenues if it hit them in the face. Some days I get garbage results when I screen, for example sometimes half the stocks in telescan returns to me are under $5, despite my inclusion of an absolute filter that all stocks must be over $5.

But at least Telescan's service is easy to use, and the stock price data are current. And the links that you get for the stocks that you turn up on your list are quite good, with charts, financial statements, fundamental ratios, data on institutional ownership, etc., to help with deciding whether you are interested in the stock or not.

While I haven't used QInvestor, the advertising material makes it appear that the people who write and run it are much more in tune with users who want to screen based on fundamentals. For one thing, they allow you to screen on many different things, and to create your own quantities, such as your own ratios, computed from other fundamental quantities, to screen from. Very nice. But it costs more. The data are updated monthly at best, although that would be frequent enough to meet my needs.

You can try either one with a fairly minimal initial expense.