shillllihs
6,047 posts
msg #128601
- Ignore shillllihs |
5/20/2016 1:44:48 PM
Picked up a small amount of NVCN at .39
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shillllihs
6,047 posts
msg #128651
- Ignore shillllihs |
5/23/2016 3:34:21 PM
Nice move,
Amyris, Inc. (AMRS)
0.55 Up 0.01(0.92%)
Prev Close: 0.54
Open: 0.56
Day's Range: 0.54 - 0.83
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chuff26
4 posts
msg #128674
- Ignore chuff26 |
5/24/2016 7:40:08 PM
Ya, I'm stuck in AMRS after the umteenth time it popped up on the filter. After looking into it no huge reason for drop, earnings not great but not bad, revenue up Y/Y some dilution happened with share offering... Anyway, I'm down around 20% now. I'm done trying to average down, for the love of god I hope it turns around soon.
That said I've been having some fun with QTM actually, it's good for a 4% gain every other day so with trading range.
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ThaGekko
139 posts
msg #128761
- Ignore ThaGekko |
5/26/2016 3:32:33 PM
strong survivorship bias with mostly all of Levamit's filters. Many drop OTCBB, which is why you don't see them on a backtest... just saying.
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shillllihs
6,047 posts
msg #128763
- Ignore shillllihs |
5/26/2016 4:00:14 PM
You want to expound on that?
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ThaGekko
139 posts
msg #128769
- Ignore ThaGekko |
5/26/2016 4:18:51 PM
It came from paper trading the original filter you got from Levamit. When you backtest it/when there were backtesting capabilities here at SF/it gives absurd % gains - from the equity summary - not ROI to the tune of thousands of % gains.
So I figured it was the holy grail and I paper traded it only to find two companies kick the bucket and get delisted. When I went back to see when they triggered they no longer showed up b/c they had been delisted to OTCBB(which is filtered out in the code) or to the grey sheets. I then confirmed this by running the backtest and viola these companies no longer showed up and trades went to other companies that "survived" and still trading - thus survivorship bias when you would have lost 100% on two companies.
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shillllihs
6,047 posts
msg #128774
- Ignore shillllihs |
5/26/2016 8:03:58 PM
A certain percentage get delisted. You only found 2?
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ThaGekko
139 posts
msg #128775
- Ignore ThaGekko |
5/26/2016 9:07:39 PM
in 2 months. that means that once a month there was at least a 100% loss when the stock get delisted - I'm not saying there isn't any upside to the filter, just want to make sure everyone is grounded knowing that these are extremely beaten down stocks - some for legit reasons and to be very cautious.
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shillllihs
6,047 posts
msg #128776
- Ignore shillllihs |
5/26/2016 9:46:55 PM
I didn't see where you said 2 months. I only had 1 go belly up on me but the 2 and 300% winners over the years offset that.
Good research.
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ThaGekko
139 posts
msg #128783
- Ignore ThaGekko |
5/27/2016 8:34:52 AM
those 200 and 300% gainers are over a long period of time. What are your stops, as obviously you would need these for pennies due to their volatility. I don't think I would have the balls to hold a penny stock for a year - just me though
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