Sifting through all those stocks

[stargazer]

Hi all

I was wondering how you latch on to or come to hear about a stock that has been good for you.

I mean there are hundreds to look at. Now i am sure that one cannot sit there and look at all the information for the whole market.

A while ago i read on a forum that someone had come across MOX don' know how but indicated he thought it was a goer at the time the price was around 30cents if i recall.

Is it by trawling and reading snippets that alert you to a stock or is it more organised and systematic than that?

Cheers
SG

 

[Dutchy3]

Hi Stargazer

As an accountant this was always an issue for me too. Then I discovered TA and looked at the chart first. I look at > 500 charts a month and in a few seconds save those that look halfway decent for closer looks latter. I then check the FA to make sure I'm not getting all hairy about a stock that could be about to delist. Out of 500 this list might drop to 2 - 3 that stays on my watchlist.

Price and Volume action tells the story of 1000 broker reports, tips and forcasts. Just follow the big money when it is seen hitting a stock way before the formal announcements - we don't live in a perfect world, our parents lie to us and there is not such thing as a level playing field

 

[CanOz]

Hi Stargazer

As an accountant this was always an issue for me too. Then I discovered TA and looked at the chart first. I look at > 500 charts a month and in a few seconds save those that look halfway decent for closer looks latter. I then check the FA to make sure I'm not getting all hairy about a stock that could be about to delist. Out of 500 this list might drop to 2 - 3 that stays on my watchlist.

Price and Volume action tells the story of 1000 broker reports, tips and forcasts. Just follow the big money when it is seen hitting a stock way before the formal announcements - we don't live in a perfect world, our parents lie to us and there is not such thing as a level playing field

Well said Dutchy.

 

[TraderPro]

Some people do what Dutchy3 does... they schedule themselves to eventually look at all the stocks in a year - and they classify each stock if their what they are looking for - whether if they want to trade on short term volatility or trade on those spikes that resource stocks usually do when some exploration news comes through...

Others just focus on a group of their favourite stocks...

While others depend on software to simply tell them which stocks have met certain technical specs, and then that leads them to examine that chart more closely...

 

[bvbfan]

I guess it depends on if your a technical trader or a fundamental trader.

I would lean towards the fundamentals and I generally look at sectors that I like
When I started I liked gold stocks (mid 2001) then copper stocks, now I'm looking at zinc and lead.

Whats next I don't know at this stage but I find it easier to analyse by looking at areas that will be of need


The method I employ is referred to as top down investing
Here's a defintion of the two methods from Investopedia


Top-Down Investing

An investment approach that involves looking at the

 

[bpcanad]

Looking for information on a penny stock, Ted Ellyard, previously with Hardman Resources is the CEO/ partner / drilling for oil in south africa, close to where hardman has property, any body have the information on this company ??
Thanks

 

[dj_420]

im similar to bvb. ill find a resource i think has good fundamentals ie zinc and uranium and have a look through the ones with decent company fundamentals and growth prospects.

these forums are also excellent at bringing these stocks to light. so for medium term i am only really looking at zinc stocks, long term uranium.

its probably a risky way to trade as im more than heavy weight in resources but i would rather follow the trend and try and assess what the next big thing will be. i setup my zinc stock positions about 2 or so months ago.

i find that some resources are easier to understand and work out rather than others. eg gold, gold is used for a security so when strength of dollar drops or people seek security gold price goes up. so can depend on political/economic and supply and demand characteristics.

i would rather invest in a resource that has simple supply and demand factors that affect price. eg zinc and uranium.

aside from that another method would be to screen potential companies, ie market cap of greater than 500 million, certain PE ratio, certain percentage earnings growth etc.

 

[pacer]

I hunt them down here..... then reasearch reasearch reasearch...look at it's graph, then..... reasearch reasearch reasearch....trawl the net for any and all info and opinions.....I tick off all the requirements for a trade, then ask myself again....what are the reasons for trading this stock and when is my exit point...1 day 1 week 1 year.....or never!....I have already held KZL and ZFX 1 week past my exit point...DOH!....I'm not perfect!

 

[yogi-in-oz]

Hi folks,

SIMPLE explorations for oversold stocks, using Metastock
or online scanners can whittle down the list of potential
stocks, across the entire market, in just a few minutes ...

After that, a quick look at individual charts will soon reveal
any recent lift off the lows or breakouts, with associated
supporting volume (very important) ....

Sometimes, it will be evident in recent news releases, as to
why interest has resumed in a counter, but very often
stocks will start to move on insider knowledge, before the
news becomes obvious to the whole market, too ...

With the list down to less-than-a-handful, we can quickly
check the ephemeris for any time cycles, due to come into
play, so we can plan our entries and exits, as well. Often
we can anticipate positive and negative events for
individual companies, so any news releases are simply
confirmation of what the time cycles are already telling us ..... !~!

By specialising in familiar sectors, like oil, mining, health,
biotechs, infrastucture, property, etc, the number of stocks
that needs to be monitored can be greatly reduced, right
from the outset ... !~!

happy days

yogi

P.S. .... For astrotraders ..... online scanners like
Marketwatch and yahoo can be used for Aussie and NZ
markets, by using ***.AX or ***.NZ extension to scan
the whole market.



=====

 

[toc_bat]

Hi all

Talking of sifting through stocks, I remember coming across a thread where a user with a female name like jenny or similar posted some of her research.

She listed a whole lot of mining stocks according to the metal/s they specialised in.

At the time I was such a beginner I failed to save the info or the link to it, now im trying to find that thread again.

Anyone help me out?

Ok thanks all for a great forum.

Bye

 

[alankew]

Dont have the link but it could be Jemma.If it is just click on the members list link at the top,look for the appropriate name then look at posts by this member-bit like sifting through all those b***ard stocks!Good Luck with finding your Lady

 

[Sean K]

Dont have the link but it could be Jemma.If it is just click on the members list link at the top,look for the appropriate name then look at posts by this member-bit like sifting through all those b***ard stocks!Good Luck with finding your Lady

Jemma only follows one stock at a time by the look of it, so I doubt that was her.

On the topic, just start creating a watchlist with the stocks that you have an initial interest in and keep updating it. Just keep the list ticking over, deleting and adding after you have done your research, or market conditions change. I find it hard to keep my mind on any more than 50 stocks and that's hard work. For me.

 

[bvbfan]

Sorry folks, looks like the stuff from Investopedia about top down and bottom up analysis didn't get through.

As for the list, maybe it was Julia?

 

[doctorj]

Looking for information on a penny stock, Ted Ellyard, previously with Hardman Resources is the CEO/ partner / drilling for oil in south africa, close to where hardman has property, any body have the information on this company ??
Thanks

Ellyard is involved with two companies, Bonaparte Diamonds and Key Petroleum. Key Petroleum is due to be listed next year, but I'm not sure if its the company you're referring to. They're drilling in Uganda, which is neither very close to South Africa or Mauratania - its about in the middle.