I like any of you had taken a harsh beating over the fall but the portflio was not looking to be poised for the upcoming winter rally. My inactivity over the past year or so only compounded this issue. So I had to take my lumps along with my losses but this put me in a very liquid possistion. So I feel there is going to be a rally for Christmass but it is showing signs of a weaker rally with all the bad news floating about Europe. I am guessing to take about 30% to 50% of my liquidity into the rally so as to not over expose myself. But there are greater plans at work here, because next year is ELECTION YEAR! What does this mean? This spring come tax season with the CBOE Volitiliy index very carefully, hold your breath and hold on to your pants and be ready. [more]
Not putting too much time into programming, got other things to do but did a few small touch ups. Seem I got the basics in place just in time to set sell stops before to days disaster. Silver lining is the value of the dollar is on the rise. So I would say the current program is buggy but operational and about 80% complete for what I was it to do, which is preform the preliminary screening and set calls on what price to put sell stops at. I was not able to find anything more to keep it from putting penny stocks on a 5 year rating. I am starting to think that perhaps this is due to there not being enough blue chips stocks right now to be rated that high. So the fact it is putting penny stocks so high might just be a sign of the times with such high market volatility. Thinking in the future I might want to some how figure the CBOE Volatility Index into the formulas, but for now I will definitely be keeping an eye on that to try to figure out how to call the bottom to this mess. [more]
Starting to learn how to count days, last post should have been Week 1 Day 1. Scary thing to be on the stock market and failed at counting! Any case, lots more work done and new features added, just going to have hell to pay once I get to a stopping point and start debugging code. Just right now having a working model is of greater importance than for it to be perfect. [more]
Did not expect to be spending so much time on programming, still lots of debugging to do and at least 2 more features to add before I can consider it to really be in minimal operation. Still have not addressed the small cap bug but at least it is still functional. Need to get this to at least minimal operation before attacking that bug. Hopefully will be able to get other things done this week besides programming. Getting back into all this I am spread too thin, but getting there. [more]
Normalized variables based on a large sample to make corrections to previent stocks with excessive values from over running other stocks with more normal values. Also somewhat fixed a bug where companies that were about to bankrupt were given a high standing due to negitve numbers adversely effecting some of the enterprise variables. I used to screen stocks to determine if I even wanted them to be put in the program but trying to automate that as well to reduce man hours but it is still picking too many of the penny stocks for my tastes. More debugging today as well as bringing back some more of the old scales I used to use before, hopefully will get better results on the tests today. [more]
Life had its interuptions and was away too long. Laptop walked off with most of the software I had written but I had backups of some of the software at least. Core software almost rebuilt, in debugging stage. Some new features added as well as now able to scan 10 times the amount of stocks. Additional features in planning stage. So at least this week will be dedicated to writing software.