Monday, July 11, 2005

Watch list for 7-11-05

The market homework software I mentioned Saturday tells me which stocks out of a custom stock index that I've told it to watch are currently basing or pulling back to buy zones. Of course when I'm done with the software it will maintain an up-to-date index of hot stocks on its own. I'm not quite that far along yet though ;-) But I am far enough along that I've solved the problem of only finding out about a great buying opportunity after it has already came and went. I've also provided myself a convenient "1-click to see the chart" feature for me to quickly view the charts of all the buy candidates given by the software.

So anyway, here are the more interesting stock symbols that the software gave me to look at for Monday:

IRIS
FLOW
TALX
XWG
PRGS
TRI
UPCS
GOAM
ANTP
AIRT
BOOM
INCX

11 Comments:

At 2:46 AM, Blogger jwu said...

im looking at PRGS too! what do you think about the P&F formation?

 
At 9:57 AM, Blogger jontait said...

jwu,

The point and figure chart is definetely bullish. What jumps out at me the most about PRGS is how it is walking up very bullish consolidations on the daily candlestick chart. I don't have a position in this stock, but I wouldn't mind being long of it.

-Jon

 
At 10:01 AM, Blogger Gordengekko said...

Jon-

Great Call on XWG. We linked you on knight trader. I can't wait to see this new software program you have.

Gekko

 
At 10:08 AM, Blogger jontait said...

Thanks GG. I doubled down on XWG and DSTI this morning. I'm sorta suprised DSTI isn't getting bid higher...

-Jon

 
At 11:55 AM, Blogger Gordengekko said...

Jon-

XWG I picked some up on the pullback at 7.25 range. DSTI is starting to move for you.

Gekko

 
At 12:44 PM, Anonymous Anonymous said...

Interesting stuff. What coding language are you using to put together your software?

Your recent posts have inspired me to put together some research software of my own. It doesn't automatically screen anything like yours, but it has significantly cut down my research time.

I'm interested in learning more about your software.

 
At 12:55 PM, Blogger RC Swanson said...

your preliminary software seems to be working well. good picks.

RC

 
At 1:55 PM, Blogger HulkHogan said...

Jon,

I wonder if you can sell this software for alot of cash to someone once you have it full developed? Just the salesperson in me coming out in this post :)

-Matt

 
At 5:45 PM, Blogger jontait said...

Thanks for the comments guys.

Anonymous: The prototype is written in java, and I'm currently working in Matt Raible's AppFuse to integrate it into a tomcat servlet/jsp/mysql website. The IDE I use is Eclipse, because it is quite good and free.

RC: Glad you like the picks.

HulkHogan: I might be able to sell it, but it doesn't tell you when to buy or sell, it just tells you where you should be looking for trading opportunities. After that, it comes down to money and risk management skills, which ought to either be a separate program, or done by hand like most people do it. Besides, if I sell it to some big-time player, then me and my buddies can't have our way with it =) It may end up being a subscription-only website, but I haven't decided yet. If I do go that route, it will be cheap enough for anybody who would benefit from using it, and it would also raise the quality of the members. This is important because I plan on including facilities for members to share data with each other and I don't want yahoo messageboard trash on my site.

 
At 5:54 PM, Blogger HulkHogan said...

I think I can still make printf statements in C if I need to, lol.

Sorry for the off-topic comments.

Anyhow, looks like a great tool to use.

Btw, do any of you know any good message boards to be subscribed to for smaller traders or traders in general?

 
At 6:05 PM, Blogger jontait said...

Some good message boards:

The boiler room message board

and

The Investors Business Daily message board. Unfortunately you have to be a subscriber to get into the ibd message board, but for this reason the quality of the posts are very high. IBD is popular, so there are tons of people posting on this board every day.

I'm sure there are other good ones, but I don't know them.

 

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