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Scanning the market
Tylergold
post Posted: Jun 9 2011, 10:31 AM
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In Reply To: rule303's post @ Jan 6 2011, 10:12 PM

the list i just gave had alot fo his winners, just abou this formula its not really his its J. Walter's & i dont neccesarily agree with it.

 
mjwk
post Posted: Jan 17 2011, 06:11 AM
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In Reply To: rule303's post @ Jan 16 2011, 04:44 PM

Hi Rule, thankyou you for that information. I will look at them when I get back. Off for a morning walk along the beach with Mrs MJ and a dip in the Tasmen Sea. No swell,flat as an Anzac biscuit.Magic sunrise this morning,enjoy your day.

Regards, MJ.



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rule303
post Posted: Jan 16 2011, 04:44 PM
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In Reply To: mjwk's post @ Jan 8 2011, 04:48 AM

MJWK been blessed with swell & dwindling tourists of late, hope you have as well

For people that do not have paid software to scan the market i came across these in my bulging favourites folder in a recent clean out might be worth a look as they are free
I have not had a chance to use them yet, so anyone who gives them a go feedback appreciated, compared to the US markets free functional screeners for the asx are hard to come buy especially if you want to include FA
http://www.sharefilter.com/

http://www.australian-economy.com/



http://www.zeebob.com/Stock_Screener_Lite.html

http://www.cnet.com.au/downloads/soa/Stock...0548284s,00.htm



 
mjwk
post Posted: Jan 8 2011, 04:48 AM
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In Reply To: rule303's post @ Jan 7 2011, 04:39 PM

Thanks for the information , all good, no matter how old we are or how long you have been at it ,the way forward is ever changing , just like the waves we ride and the boards we use . Different waves require different boards and technics.

Surf report. Small 1 to 2ft . Beach breaks the go.May increase in size with the incoming tide.No wind at this stage. Absolutely glassy.

I'm out there as soon as the sun is 10deg above the horizon.

Happy daze, MJ.



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rule303
post Posted: Jan 7 2011, 04:39 PM
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In Reply To: mjwk's post @ Jan 7 2011, 07:19 AM

Howdy MJWK, i see arty has already helped you out with paritech details (he also helped me out there,thanks arty) i'm currently using hubb valuegain
https://www.valuegain.com/Home
I'm up for renewal soon so will trial paritech again however i'm still undecided recommend you trial em both. Both have education modules & support, & costs are similar & find what works best for you.
http://www.paritech.com.au/paritech/MarketScan.html

Nice surfing area mate half your luck sharing with dolphins my local has been overrun by feculant city scum on holidays, i've been dropped in on more in the last 2 weeks than the last year, dodged adult learners on mals who bail, damaged my board on a boogie boarders head, helped some new german surf stars get in, than decide to escape my local overrun breaks only to get stuck on the highway for 2hours due to holiday crashes overall a shambolic experience. People should holiday at home.

 
rule303
post Posted: Jan 7 2011, 04:35 PM
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In Reply To: Duster's post @ Jan 7 2011, 07:30 AM

Thanks DUSTER & good find the problem with scan & PE was only putting in pe <30 in scan i should have/could have included another PE >0, out of interest what were the ones you found???
I tend to not rely on pe to much with scans, i prefer peg for mid caps & large caps & some scans i do not include either, e.g to scan the asx small ords or asx 300 just to find debt levels (current ratio, debt to equity, interest cover) or div payout ratio with yield, sometimes i'll will just start with ROE>10,15,20. again i thank you for pointing it out duster, but a negative PE does not mean there is no money to made, from my point of view sometimes just an addition to a watchlist or further research or scrapped. Like TA there is no magical formula.
Have a good one

 


mjwk
post Posted: Jan 7 2011, 08:42 AM
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In Reply To: arty's post @ Jan 7 2011, 08:32 AM

Thankyou for the reply Arty. Have a relaxing weekend. I am sure you and yours will find a red in the cellar to help you unwind.

Cheers. MJ.



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arty
post Posted: Jan 7 2011, 08:32 AM
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In Reply To: mjwk's post @ Jan 7 2011, 07:19 AM

Hi MJ
visit http://www.paritech.com.au/default-au.htm
or ring 1300 652 511 and as for Joe or Michael



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
Duster
post Posted: Jan 7 2011, 07:30 AM
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In Reply To: rule303's post @ Jan 6 2011, 10:58 PM

Hi rule,

I like your FA approach first smile.gif , however looking through your "list" I can see immediately from some of the codes that I actually know offhand, don't even have earnings, so how do you get PE ratios < 25 & < 30 etc ?

Unless of course you are talking negative PE ratios, which from a FA view shouldn't be on the list I suppose.

Thanks,
Duster



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Patience is the key to success.

Said 'Thanks' for this post: rule303  
 
mjwk
post Posted: Jan 7 2011, 07:19 AM
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In Reply To: rule303's post @ Jan 6 2011, 09:22 PM

Hi , rule303. thanks for the info on market scan. Where do you purchase or I should ask, where do I get the software from.
Does it have a part no. or particular code or name for the FA software?

No surf today mate, at 34.930S / 150.783E but what a magnificent morning.Just had a paddle around the point with a pod of dolphins for company.Man , that lifts your spirit high.

Cheers MJ.



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