This Week with Stock Punk 3-3-08
I'm a bit apprehensive to put some money to work after Friday's sell off. I'm such a wimp.
The Zacks and Zweig screen has 5 stocks that qualified this week which is the most since mid-December. I don't know if that is a good sign or not, but I'll be sure to keep an eye on things.
I plan to focus on the ZZ screen this week and put about half of my money to work.
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5 comments:
5? ok, I thought Zack's had to be a 1? Did I miss one? I'm screening right now with Zacks and only getting 4. two of them are N/A and the rest are 2's, 3's and a 4. I guess I've never checked this...but will Stock Investor pro give you different results during the week? Or will you get the same results on say Wednesday as you did on Sunday?
Thanks
my last post made me think of this question...what do you do with an N/A or 9999 that shows up in Zacks? GHM does that as well as WSCI.
Thanks
Matt,
I got 5 number 1's. ANDE, WFR, NGS KEX AND WW.
SI Pro only works once a week (the data is updated during the weekend). It's probably best that way otherwise I'd be able to make even more mistakes.
Zacks usually doesn't rate thinly traded stocks like WSCI and GHM. I used to track just those stocks, and found that they usually blow away the rest. But I haven't tracked it for long enough to be sure.
Scott,
You're absolutely right. Somehow I had WFR on my paper as a 3! Dang, what a mistake.
I know what you mean about making mistakes...I bought GHM this morning and turned around and sold it for 6% loss later in the day...probably should have held it since it's a top 5 RS, but I've usually stuck with stopping out in the 5-6% range. We'll see if that's a mistake as the week goes on. KEX got me on that one last week already...so I'm gun shy on that one this week...good luck with it if you buy it.
Matt,
You sound soooooo much like me! I'm learning that I can't let a stock "get to me". I've missed a ton of good trades because a stock misbehaved the week before and scared me away. I usually watch it as it gains 20%.
I'm getting more and more convinced that a pure mechanical system is the way to go for me. Otherwise I start running around like a chicken with my head cut off.
The only reason I shied away from GHM this week is because the RS 5 seems to be struggling compared to the Zacks number 1 stocks in this goofy market.
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