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Monday 22nd February 2021 Close.
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Top Daily Stocks - Possibles, Probables and Fakers...
- Thread starter barney
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After the Close Tuesday 23rd February 2021
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Wednesday 24th February 2.15pm
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Thanks for this thread @barney but the thread says
Possibles, Probables and Fakers
..but I am having trouble telling which shares are in what category. Could you highlight the Probables please, I already have the acute ability to pick the fakers. I do that by putting money on them. Works every time!
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Lol, we all have no trouble picking the failures Bock!
You are quite right about the name of the Thread. When I first started it over two and a half years back, I gave a lot of my thoughts/concepts on why I might give certain stocks some follow up research, and why others were not worth looking at.
Leave it with me and I'll see if I can find a way to make the Thread a little more useful without any long commentary. You have given me an idea already.?
If you have a quick look back to the first 3 pages of the Thread, my commentary gives a run down on what I initially look for in the daily lists/thought process etc.
That would definitely help when looking at the current lists.Interestingly enough, my first entry into VML was announced on this thread back in 2018 as it showed up with "Volume" of interest.
I researched VML off the back of that day and have accumulated them for the last 3 years. It's taken a couple of years, but that research has started to turn into a really good trade, fortunately.
Cheers M8
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OK. Not going to use Commsec Advancers anymore. The data seems a little unreliable or slow.
Today's "Top Stocks" from my new source as at 3.30 pm Wednesday 3rd February.
Stock ...................................................................................$ Traded .....................Volume .......Market Cap.......................... % Change
Today's "Top Stocks" from my new source as at 3.30 pm Wednesday 3rd February.
Stock ...................................................................................$ Traded .....................Volume .......Market Cap.......................... % Change
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@jbocker Wrote this last night but didnt post. May as well. Yesterday List.
Just in response to your suggestion a couple of posts ago.
As an example of how I would look at the list of "Top Stock/Risers"
1st step is to cull the List
Low Volume or low $Dollar value traded stocks who have wide ranging moves are generally not reliable and discarded
As an example, Today's List "First Pass" look I would cull the list as follows:
POS = Possibles (further research required) ie check chart etc
Faker = Too low Volume compared to share price. ie very low priced stocks at around 1 cent are less reliable
If an inspected chart pattern or Fundamental research has merit, a Stock may progress to "Probable" status
Will try and make it a bit clearer when I have more time, but that is basically the start of the process
Cheers
Just in response to your suggestion a couple of posts ago.
As an example of how I would look at the list of "Top Stock/Risers"
1st step is to cull the List
Low Volume or low $Dollar value traded stocks who have wide ranging moves are generally not reliable and discarded
As an example, Today's List "First Pass" look I would cull the list as follows:
POS = Possibles (further research required) ie check chart etc
Faker = Too low Volume compared to share price. ie very low priced stocks at around 1 cent are less reliable
If an inspected chart pattern or Fundamental research has merit, a Stock may progress to "Probable" status
Will try and make it a bit clearer when I have more time, but that is basically the start of the process
Cheers
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Getting to Probable status is kind of a personal opinion based on what kind of Stocks people like to follow.
I like Low Market Cap Specs with potential so its often easy to Cull the List quickly.
I like Low Market Cap Specs with potential so its often easy to Cull the List quickly.
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Todays Top Risers as at 3.30pm Friday 5th March 2021
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Follow up on last post:
Initial Culling process:
Remove Fakers and Mark Possibles. Next steps
1) Check Chart
2) If Chart interesting, check Cash on hand relative to Market Cap
(If Spec's have bugga all Cash, that is a short term problem = Faker till proven otherwise)
If 1) and 2) successful = Probable
3) Check Company Fundamentals and Management profiles (Management in Spec's is important to me)
If 1) 2) and 3) fit your Stocks of Interest ....
Place an appropriate Trade
p.s. The time and research I spend between the Probable and Trade scenarios can be extensive and any eventual Trade ($ wise) is generally relative to how much potential I believe I see in the given Company.
As an example, the initial position I built on VML (2018) was first based on the fact that they had a sheet load of cash relative to their Market Cap.
It can be that simplistic to start with.
VML management fortunately kept providing me reasons to accumulate, so I did. So far a good decision.
Anyway, I hope that helps a little @jbocker Cheers M8.
Initial Culling process:
Remove Fakers and Mark Possibles.
Next steps1) Check Chart
2) If Chart interesting, check Cash on hand relative to Market Cap
(If Spec's have bugga all Cash, that is a short term problem = Faker till proven otherwise)
If 1) and 2) successful = Probable
3) Check Company Fundamentals and Management profiles (Management in Spec's is important to me
)If 1) 2) and 3) fit your Stocks of Interest ....
Place an appropriate Trade
p.s. The time and research I spend between the Probable and Trade scenarios can be extensive and any eventual Trade ($ wise) is generally relative to how much potential I believe I see in the given Company.
As an example, the initial position I built on VML (2018) was first based on the fact that they had a sheet load of cash relative to their Market Cap.
It can be that simplistic to start with.
VML management fortunately kept providing me reasons to accumulate, so I did. So far a good decision.
Anyway, I hope that helps a little @jbocker Cheers M8.
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Sorry forgot to post the initial "Cull" List for Today. See below
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So initially we are left with the following Stocks to do a quick Chart check on
JAT (Jat I used to follow and have traded. Don't like Management = Faker)
ZEU (Great Chart, already flown quite a bit = Check further)
VAN (Involved with 2 Companies I am familiar with in LSR and DAU. Chart looks near bottom = Check further)
MNS (Chart interesting. $250+ million market cap. Not my thing but should be investigated if interested = Probable)
RXL (Chart looks ripe for a return to positivity after a solid down turn. Definitely = further investigation/potential Probable)
BRK (I dont follow Oilers any more, but if you do, THIS must be followed up = Probable)
HSC (SAAS Stock. Helping Elderly + people with Disabilities. Not my thing, but is a definite follow up if your thing = Probable)
RLE (Another Oiler so not my thing. Chart has some potential so worth a look if inclined = Further investigation)
JAT (Jat I used to follow and have traded. Don't like Management = Faker)
ZEU (Great Chart, already flown quite a bit = Check further)
VAN (Involved with 2 Companies I am familiar with in LSR and DAU. Chart looks near bottom = Check further)
MNS (Chart interesting. $250+ million market cap. Not my thing but should be investigated if interested = Probable)
RXL (Chart looks ripe for a return to positivity after a solid down turn. Definitely = further investigation/potential Probable)
BRK (I dont follow Oilers any more, but if you do, THIS must be followed up = Probable)
HSC (SAAS Stock. Helping Elderly + people with Disabilities. Not my thing, but is a definite follow up if your thing = Probable)
RLE (Another Oiler so not my thing. Chart has some potential so worth a look if inclined = Further investigation)
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Hopefully the above gives an idea for other punters as a simple method of "checking" potential within their "world of Stocks"
I'll keep simply posting the Top Stocks/Risers, but the real work starts with each Punter.
We are all different so no size fits all. The "Daily Risers" is often a good place to start however. (In my opinion)
Cheers
(That's me, lol) (That's me when I was a lot younger)
I'll keep simply posting the Top Stocks/Risers, but the real work starts with each Punter.
We are all different so no size fits all. The "Daily Risers" is often a good place to start however. (In my opinion)
Cheers
(That's me, lol) (That's me when I was a lot younger)
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Wow this getting interesting. Thanks so much for these insights @barney. I agree with your Faker culls. What is exciting is the thinking of refinements to screw down more fakers from the Possible list. A few things spring to mind, as potential Faker finders with the essence of speeding up the culls. Conversely wanting to discover the Probables as this is where time is better spent.
Without elaborating those elements that may help discovery I think for example of companies that have an 'announcement' may help the 'probable' cause and those that dont as potential fakers. Then there are possibly other things that I have been made aware of (thanks to @tech/a generous thread ) momentum etc.
Edit: I wrote this without seeing your last 3 replies. I repeat my Thanks again!
Without elaborating those elements that may help discovery I think for example of companies that have an 'announcement' may help the 'probable' cause and those that dont as potential fakers. Then there are possibly other things that I have been made aware of (thanks to @tech/a generous thread ) momentum etc.
Edit: I wrote this without seeing your last 3 replies. I repeat my Thanks again!
Craton
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I add my thanks too barney and agree, no size fits all which reads, DYOR.
Great thread though mate, do keep it up.
Great thread though mate, do keep it up.
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Thanks Guys. Your positive responses are much appreciated
The Thread was always supposed to be an "ideas" based Thread and taken in that fashion.
My opinion on Daily Rising Stocks is subjective and basically unimportant to other Punters!!
I do believe however, that there is some substance in following "movers"
Most "Moving" Stocks end in tears ... unfortunately.
But there are diamonds in the rough!!
And who doesn't like the look of Diamonds lol.
Cheers.
The Thread was always supposed to be an "ideas" based Thread and taken in that fashion.
My opinion on Daily Rising Stocks is subjective and basically unimportant to other Punters!!
I do believe however, that there is some substance in following "movers"
Most "Moving" Stocks end in tears ... unfortunately.
But there are diamonds in the rough!!
And who doesn't like the look of Diamonds
lol.Cheers.
