I decided to sign up for AAIIÂ a few months ago and only recently started poking around in there. Â I have to say that I’m pretty impressed with the quantity and types of stock screens they have and I’ve been getting a lot of great ideas from there. Â The most popular ones I like are the ADR, Piotroski, and O’Neils CAN SLIM screens.
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It’s a great source of ideas. I think the best long-term performer is the Zweig screen. I do find it curious that the old CAN SLIM outperforms the new CAN SLIM.
PS you should check your CSS sheet. The sidebar is rendering funny here (IE 7).
It is a great source of info but many screens break down when vol is so high. Position sizing and stops are key in this environment. Next check out Keelix.com and the mechanical investing forum at fool.com.
Are you still holding GE?
Hi Tom,
Care to compare screening criteria for the various methods? Will you teach an AI how to find and trade CAN-SLIM like stocks?
Just for fun, select a hand full of CAN-SLIM stocks but trade them on a short several day cycle 8^)
Nice to see you your back… Still looking forward to your next Rapidminer tutorials ;-)
Cordially,
-Digital Dude-
“Ideas make a difference, the difference.†-Bill Bradley-
@El Guapo: Thanks I’ll check into ot
@sc: I’m still long GE and its sucking wind bad.
@DD: I’m not back completely, still overworked with limited time.
AAII is crap. Honestly I don’t see why anyone other than AAII employees would give them rave reviews. First just count the number of times they advertise their stock screener pro software and stock super stars report (even after you subscribe it is on EVERY page and their super stars have misleading earning stats). Secondly, they do little things to piss you off and make you want to buy their software. For example, click on a screen will show you the passing companies. But the page it shows it on is deliberately made so small that you have to repeatedly scroll left and right to read anything…. you can go full screen but that opens up in another window… W.T.F. I paid for this crap?
I also subscribed with IBD and felt it was 1000% better spent. I can live with their stupid editorials as long as they do a good job on the stocks which they do.
Lastly, I also subscribed to MorningStar and they are even worse than AAII. It’s so bad, you can find several examples where their analyst says strong buy and two weeks later stock loses 40% of its value. Not that I use it for that I do my own research but still it’s just hilarious. They also don’t let you cancel the subscription easily — you have to call to cancel!
And also make sure you understand how they are applying the pre-defined screens…. some of the original criteria like in the Piotroski screen are randomly changed by AAII.
@lulu: Thanks for your comments on AAII, I’ll be sure to check it out their screening criteria when I have more time!