Note: I've set up google groups so that we can have a forum for this site. The nice part about Google Groups is that as a member, you can
choose how to be notified, so you wont be inundated with emails unless you specifically set that up.
There are over 6000 stocks available to invest in across all US exchanges. Most skilled investors are overwhelmed by that number, just imagine how a begginer must feel.
I tried listening to analysts, not only do I question their motives, but they typically recommend stocks that even I have never heard about.
I don't exactly feel comfortable investing into some small forestry company based out of Portland, Oregon
because it showed up on the JP Morgan upgrades list, or better yet CNBC's Power Hour. Friends and colleagues will pitch their next big stock too,
but ask them how they heard about it and why they think the
stock is so great. You will soon learn that either 1. the stock was recomended in some newsletter or tv show; 2. your friend found it in some message board; or 3. he/she heard it
from somebody else, in which case loop back to 1.
I try to provide a starting point, each day I generate a list comprised of brand-name stocks such as Microsoft, IBM, Cisco, and Walmart.
These lists are created stricly by algorithms that I have been working on and utilizing myself for several years now and present no bias. Googles pure-science model
contributes to their popularity- they use strict algorithms to populate search results and even their news.google.com site. They use science to help ensure
that your results are listed for their accuracy and not because somebody paid for those results to show up.
I want to follow the same model- use strict algorithms to generate my results and leave no room for bias.
There are two distinct stock lists highlighted on this page-
First are "Buy Signals from the SwingTrader algorithm", a list comprised of stocks whose prices have crossed a calculated trend line indicating a buy signal.
There are two links for each date- One with a
qualifier stating "rating of 8 or higher", which means that the stocks listed have a Stock-Scouter rating of 8+ where 1 is poor and 10 is
excellent. MSN Money has more information about this. The second link for a given day contains all stocks that have a buy signal, regardless of their rating.
Second are stocks identified as overbought and oversold. To be clear- Stocks identified as oversold are stocks whose prices have recently been battered,
moreso than usual. The reasons for the depreciation
in price must be explored thoroughly (going through news, various published ratings and reviews, etc. Typically a quality stock whose price has suddenly
and significantly decreased is soon followed by a market correction (appreciation in price). Likewise, a stock whose price has suddenly increased (overbought)
will soon be followed by a market correction (depreciation in price).
In August 2005 or so this entire site will be revamped. I have the following additions in mind-
Allow for custom research buckets- Allows the user to pick whatever stocks they are interested in and aggregate the news, ratings, etc into one spot.
A development platform that allows the user to write their own buy and sell algorithms and test them
... working on more ideas but this is enough for now
Feel free to pass this link around and I'm always looking for feedback. I will hopefully have a one-stop shop for investments research; providing an aggregate of quality news, ratings, research tools, etc.
Please note that the list of crosses that have a rating of 8 and higher are put together by hand due to issues querying the MSN Money site. In the event that
links are missing for a day, send me an email and I will try to get them up as soon as possible. Additionally, if you find that data is not updated at a good time
and you'd like to see this site refreshed sooner then please contact me- antans AT rpi.edu
