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chrispete
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I know that several people have posted various methods of screening penny stocks in various places around the board, but it's getting hard to find all of the little nuggets of wisdom spread between the different threads. Wanted to start up a thread where it could be consolidated.

So my question, I've seen a method of dumping issues into Ameritrade's Screener, but I can't find where on the screener to do that. Any ideas?


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Jeremy
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The ameritrade screener is pretty worthless. I use it occasionaly for real basic screens, but I love the advanced screener you get by signing up for an Extra! account at www.stockcharts.com

Here is one of my favorite screens I run that typically give results for a great entry point for a potential stock that has or is currently reversing from a bearish trend to a bullish trend.

quote:
[type = stock] and [country = us] and [daily sma(20,daily volume) > 80000] and [daily sma(60,daily close) > 1] and [daily macd line(12,26,9) < 0] and [daily macd line(12,26,9) >= daily macd signal(12,26,9)] and [yesterday's daily macd line(12,26,9) < yesterday's daily macd signal(12,26,9)] and [2 days ago daily macd line(12,26,9) < 2 days ago daily macd signal(12,26,9)] and [3 days ago daily macd line(12,26,9) < 3 days ago daily macd signal(12,26,9)] and [3 days ago daily macd hist(12,26,9) < 3 days ago daily macd signal(12,26,9) * 0.25] and [3 days ago daily volume < daily volume * 1.25] and [25 days ago daily ema(20,daily close) > yesterday's daily ema(20,daily close)]

Ok, that may look like a lot of jibberish, but in english, it is screening for these criteria:

For the last market close:

- United States Stocks with...

- Bullish MACD Crossover

- Average of Volume for today is greater than 80000

- 60-day Simple Moving Average of Close for today is less than 1

- Daily Volume for 3 days ago is less than Daily Volume for today times 1.25

- 20-day Exponential Moving Average of Close for 25 days ago is greater than 20-day Exponential Moving Average of Close for yesterday

Again, this may seem a bit complex. But to sum that scan up, I'm looking for stocks trading an average of 80,000 shares or more a day and are less than $1 in price. Out of these stocks, I want to find one that has had increasing volume by 25% over the pasta 3 trading days. Then these stocks must have been in a current downtrend for the past 25 days, which is what the EMA screen does. And lastly, the MACD must have a bullish crossing of the signal line or the 0 line.

Soooooooo.... when all of these things are met, I get 3 stocks right now to meet these perfectly. These stocks are:

AACS - .027
BICO - .085
CYAN - .57

If you look at the charts, they generally look to be in the process of an uptrend on growing volume. Generally stocks that come from this screen will see 20% or so gains over the following week, giving there are no major news releases or other factors that may play a big part.

I hope that helps some, but that is just one of the many screens I use, but this one generally picks some short term plays for a chance to make a little money. There are many other factors you can put into the screens, almost any technical number or indicator you desire, as well as even have it search for candlestick patterns or find various other charting signals.

I hope that helps some!

[This message has been edited by Jeremy (edited November 02, 2003).]


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Jeremy
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Just to update, to illustrate the point a bit more

As of 5 minutes after the market open this morning, here are where those 3 stocks that came up on my screen are performing:

AACS - +66.7%
BICO - -1%
CYAN - +10%

AACS was the big supprise, I didn't expect a huge gap up like that. But regardless, that screen doesn't typically lie


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wingnut
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Thanks for the information on the sceener. Is there a way to figure out an exit point using the screener as well?

quote:
Originally posted by Jeremy:
Just to update, to illustrate the point a bit more

As of 5 minutes after the market open this morning, here are where those 3 stocks that came up on my screen are performing:

AACS - +66.7%
BICO - -1%
CYAN - +10%

AACS was the big supprise, I didn't expect a huge gap up like that. But regardless, that screen doesn't typically lie



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