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I need some help with setting new screening parameters. Tired of the old RS, EPS, PE stuff. What has worked for you guys? The more unusual the better. Thanks
billyjoe
billyjoe
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Billyjoe, what works for you may not work for me, and vice versa. For example, someone with a multi-million dollar account is going to use screening parameters that differ from someone with a $25,000 account. -
Here's an unusual strategy I've come across. Run a minimum of 5 screens of your choice that appear to be relevant. Keep running screens until only 1 stock remains. Buy the stock. Will it work? Got me, it probably will work sometimes. Reminds me of the only person to pick the final 2 in the NCAA college basketball tournament a few years ago . She had friends at the colleges and liked the color of their uniforms.
billyjoeComment
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I had one going for awhile that I ran on businesses that are profitable.
0 < (Current Assets - Current Liabilities)/Shares < 1
This gives about 7-15 stocks that are cheap relative to what assets they'd have left over after paying their current debts. Its a good list to start some research on, as some of them will be cheap because there is a big problem with the business or some are great value plays. I was tracking some of the screened picks for awhile and they averaged about +10% in a few weeks to a month.Buy Low
Sell High
STAY FROSTY!Comment
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