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Re: Current Rule 1 Worthy Scan Results
Gunnski - OK - we're on the same page. And as I mentioned before - I want this to be an open thread where we can discuss why something is or isn't watch worthy . I think a lot of us can learn from the discussions.
And I also think it's good for everyone - but especially those new to the book - to see the 1-1-1 3 Gs don't just pop up every day - esp not the Rule # Ones !
I think it's also important to learn where you can cut a corner - and which ones you should never - if you don't want to lose money
well after yesterday - and running many , many scans - and coming up with - I thought - were better and better written scans - I'm a little disappointed in the Prophet.net results. I'm REALLY disappointed with what are apparently S&P 5 star rated stocks . It seems that they are mostly overpriced - and their fundamentals aren't that great either. At this point , I have to say I prefer the MSN scans for their precision for fundamental components - you really can specify the growth fundamentals much more clearly
Anyone have any experience to the contrary ?
In defense of Prophet.netthough - they seem to have better scans for TA - triple bottoms, positive histogram , 100 day MA, 50 day MA, 20 day MA - but then you have to go through and hand check the fundamentals. I learn to manipulate them better each day though - so I may come to a happier satisfaction level down the road.
A super cool thing about Prophet.net is their Sector Page . They have the highest trend sectors listed of course , per usual - but then to the right , you can click on Charts - and the charts for each sector pop up . You can then filter the charts , which I always start with $15.00 ( not many rule #1 stocks are under 15), throw on the index trendline and the sector tendline is there- so you can see if the individual stock performs as well or better than the sector and the market. THAT IS vERY COOL. And I just discovred you can apparently save those to a watch list - and then do a scan of your watch list. So that may save having to check the fundamentals of every one by hand
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