It's a new year and I ran all my screens this weekend. I'm still getting a feel for how often I'll run the screens, maybe weekly or maybe monthly or maybe twice monthly. I'll try twice monthly for now. If I run them too frequently, I'll run the risk of excess noise, but if I run them too infrequently, I'll run the risk of missing good plays. A lot of interesting names popped up, and I'll be profiling them throughout the week as I add them to my watchlist.
Pick Updates:
I didn't make any trades in the last week of the year. I used the week as time off and time to get myself ready for 2010. I'm still keeping an eye on CRE and UTA from last year, but the screens have shown me several others I'm very interested in.
Note that my general cutoff is that a stock must have, at a minimum, strong interest from two screens or some interest from three screens for consideration. Also, I use a hybrid approach of fundamentals and technicals, so I don't go directly by the screen results. Sometimes a stock with a lower number of interested screens gets ranked higher in my view than a stock with a higher number of interested screens because the former has a better technical setup. Among the highlights for this weekend's screenings:
1 stock with some or strong interest from six screens
2 stocks with some or strong interest from five screens
19 stocks with some or strong interest from four screens
74 stocks with some or strong interest from three screens
31 stocks with strong interest from two screens
For a preview of this week's major economic announcements, I'll send you here. Michael McDonough does a better job of summing this stuff up than I could. Since this is a stock-picking blog versus an economics blog, I typically won't talk about this kind of stuff.
Position: none
Disclaimer: This is not a recommendation and is presented for informational purposes only.
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