Over here on GOTS I've made an edit to Mikes "I'm Gonna Try" post.
Here on Darkside,if it proves popular,I will post the top watches I get off it nightly.
The scan is run by us to show those from $1 to $15 then price is changed to .20 to $1
This is done because the difference in the values in these 2 price ranges are quite huge and as in apples to oranges,can't be compared to each other,hence keeping both price scans separate.
What this scan shows are the stocks that have been sold off in the last day or 2 or more but have run 10%+ a great deal more than the average stock(the scan written by the TheRumpledOne,a play off his RFR scan).
Added to it is the column for ADR(10)
Now we add the number of times the stock has run 10%+ in the last 100 days to the ADR(10) of the stock,giving us a point total of the 2.
For ease,the stocks are then ranked in order of highest point total from top to bottom.
Note that anything on the $1 to $15 scan above 30 point total is very good
On the .20 to $1,over 50 pt is very good.
Please note that the 30 and 50 pt totals,considered very good now,can change week to week depending on the volatility of the market,i.e. if market volatility goes up these pt values will rise to be considered very good.
If market volatility goes down,then a lower pt value will be considered as very good to make the cut.
If you want to check yesterdays and look at the charts to see what kind of stocks they bring up,here are yesterdays watches with their pt values and % gains/losses results:
.20 to $1 stocks
NVD 89 -6%
ABH 80 +4%
MRNA 72 0
ANSV 68 0
TSTR 66 +14%
JUPM 64 -10%
HPSO 59 +3%
EPIX 56 +14%
SIL 56 +42%
MDTL 55 +22%
AVR 52 +47%
$1 to $15
SFI 53 0
FACT 45 -3%
LEA 39 +23%
RZ 39 +14%
SRZ 38 +9%
ABD 37 +35%
CBL 36 +6%
PAL 36 +4%
GRT 34 +2%
AHT 34 +8%
VLNC 33 +3%
RWT 32 +9%
APWR 32 +5%
LXP 31 +6%
DRRX 31 +9%
ARM 30 +11%
EPL 30 +4%
FCSX 30 +26%
CBAK 30 +34%
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4 comments:
Muddy can you post the code for this scan or directions. I was going to take the RFR scan and mod it but don't want to screw it up. Thanks.
Hello Muddy
Thank You for the post. I am a newbie, re-read all the posts on GOS to make sure I respect your time before asking the below question
I am not sure what the point system is telling me, does this mean a good short or long candidate?
Thank You
Ron
Not putting words in Muddy's mouth by any means but since I know the answer to these questions figured I'd help.
Jeff,
Read the "I'm gonna try" post over at greenonthescreen. The code is at the bottom. The only change you have to make is to the price if you want to scan for the sub $1 plays.
Ron,
The points are simply a sum of the average day range and amount of times the stock has ran 10% or more. It's telling you that this stock has a high degree of volatility and is known to make big runs to the upside. By scoring them it is giving a list of possible good long candidates.
Muddy,
If I'm stepping on your turf feel free to slap me in the chat room.
Blz...thank you,you are dead right on with your answers!
Last nights results were pretty impressive...I'll post the results for those that didn't run the scan...again,thanks
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