Top Daily Stocks - Possibles, Probables and Fakers...

[barney]

3.30pm

 

[peter2]

After such a large dump day it may be worth keeping an eye on the few stocks that closed higher than their open on above average volume.
Some of the ones that interest me today are;

Speculative: AAU, AMN, A1M, ERM, PNV
MC/LC: ALL, CPU, CXO, DDR, LKE, LYC, PLS

 

[barney]

10.30am

 

[barney]

11.20am

 

[barney]

1.30pm

 

[barney]

11.30am

 

[barney]

12.30pm

 

[JohnDe]

12.30pm

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Resource market

 

[barney]

12.05pm

 

[barney]

11.20am

 

[barney]

6pm post CLOSE

 

[barney]

3.40pm

 

[Captain_Chaza]

3.40pm

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Ahoy there Sea-Cadet Barney
I love your work!

I note that you took this reading at 3.40pm
The CLOSE ( ie: Closing Auction) is what this day's performance is all about)
Middle-Day Sightings are just Intra-day battles between Weak Holders and Strong Holders

The winner of the day is considered the winner of the CLOSING AUCTION PRICE
To the Technical Analyst this is All Important as It is usually also the point of most Volume

It would be great if you can respect the Closing Auction Prices as a fixture

Intra-day sightings are also very interesting and I enjoy them all

I Thank You Heaps for your Input!

 

[barney]

It would be great if you can respect the Closing Auction Prices as a fixture Intra-day sightings are also very interesting and I enjoy them all

I Thank You Heaps for your Input!

Thanks for the suggestion Captain. I will endeavour to post a "Closing" post as you request. Time permitting I may still throw up an intraday list as that can often be a good lead in for anyone with a day trading preference.

Ideally I would like to post a couple of updates per day but unfortunately I'm often not near a computer during the day in recent times. Leave it with me and I see what I can do. Appreciate the input

 

[barney]

1pm (Intraday update)

 

[barney]

After the Close (Wednesday 29th)

 

[Captain_Chaza]

Thanks for the suggestion Captain. I will endeavour to post a "Closing" post as you request. Time permitting I may still throw up an intraday list as that can often be a good lead in for anyone with a day trading preference.

Ideally I would like to post a couple of updates per day but unfortunately I'm often not near a computer during the day in recent times. Leave it with me and I see what I can do. Appreciate the input

After the Close (Wednesday 29th)

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The first table VOLUME is useless IMHO and a waist of your and my time
I would like to know if anyone finds this table USEFUL?
and WHY if they do?
1 million shares @ 0.01c = $10,000 for a full day's Trading Volume
I call this Sailing in Puddles
ie; they are NOT "LIQUID" IMHO for my pockets

But more importantly they can be almost IMPOSSIBLE to SELL when the time comes

"Safety at Sea is Paramount"

The definition of Share Trading IMHO is being able to buy and sell at your whim
Not months later when a few buyers brave these treacherous waters for a small punt

And BTW
Volume appears in your Second Table
Who needs any more than this table

 

[barney]

The first table VOLUME is useless IMHO and a waist of your and my time I would like to know if anyone finds this table USEFUL?
1 million shares @ 0.01c = $10,000 for a full day's Trading Volume
And BTW Volume appears in your Second Table Who needs any more than this table

I'm not sure I fully understand the essence of the problem Captain but I am happy to eliminate info of no value, if possible.

Are you meaning the "VOLUME" Stocks are of no/little use given their lack of liquidity? If so, I agree that some/many of them are illiquid, but not all.

The list is generated from a Spec/Small Cap algorithm so there will always be some (often the bulk thereof, lol) literal "penny dreadfuls" who make the list, yet as you point out, should not get a second glance.

Just to clarify, the Stocks presented in the daily Lists are not chosen by myself. ie. I have no input into the Lists generated.

My initial posts on the Thread gave more detail on how I might use the info, but also pointed out that an overwhelming number of Stocks which present in the Lists, can immediately be "culled' with a quick/simple eye ball test.

Its a bit like going through the junk at a garage sale ... you have to dig through the trash to occasionally find the diamond in the rough

Without going into all the possible Filters that could be applied, and in line with your thoughts, two of the most obvious filters which would strike out many Stocks immediately would be:

The Total Dollar Value of the daily trades should be above "X" $ amount (each punter will have their own thresholds),

Or the relative dollar value of daily trades is high enough in relation to the Stocks Market Cap to warrant further investigation.

The reason why I thought both "Lists" still warrant posting (even if only randomly/occasionally of any value), is With Specs, Volume and Price appreciation are often found at completely different times on a Chart, but sometimes "early Volume" can give a heads up for future price action.

I have to admit, it is a very inexact science at best and the majority of the time, Spec lists will be nothing more than digging up weeds.

So basically most of the time it will be: Filter, Cull and/or Disregard. Finding 1 or 2 nuggets a year can make the effort worthwhile though.

Again, appreciate the input. If I have not answered your suggestions adequately, please feel free to discuss further. Cheers M8.

 

[barney]

5pm (post CLOSE)

 

[barney]

Based on @Captain_Chaza 's observations, I am going to alter the Volume Stocks data pasted each day a little.

Instead of pasting the full list, only the Stocks with Market Caps of around $200 million or less will be shown

Given it is meant to highlight "smallcaps", that seems appropriate. Obviously the standard eye ball test and personal filters will need to be applied to cull the trash.

Also, the "TOP STOCK" data will only include the "positive" Stocks from now on but with no Market Cap restriction.

WEEKLY wrap of Stocks below: