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Author: tommurphy9 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 251978  
Subject: Re: Poll: Screen Holding Period? Date: 10/14/2012 9:28 PM
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2012's most productive screens are 3pt_Relative_Value and RS-100. I will thus buy the top 4-5 stocks in those screens accordingly. I'm willing to hold onto equities that fall below the top 4 or 5, but will sell immediately if the stock falls off the screen, or falls to rank 15 or lower....

Early in a year, I'll use Bill2M's 52-week rankings to ascertain the most productive screens.

The approach may be a somewhat inexact science, but I'm comfortable w/ it, and the two accounts I use this strategy with are up ~33% YTD.


Very nice YTD performance for simple long positions. Beats what I've done YTD by almost 20%. So, I'm envious.

My concern with a variable screen of screens approach is how it might work when the market declines. I quickly made lots of money doing something like this during the tech balloon, and then lost it even more rapidly when the bubble burst. That's purely anecdotal, of course, though I suspect I'm far from alone in this experience. If I were to engage in it now, I'd definitely factor in market timing. Very likely that would obviate much, though probably not all, of the downside.

However, as I'm now retired, MI isn't among my present strategies, which pursue deep value with a modicum of income. As these accommodate long-cycle expectations, they actually mitigate against jumping in and out of the market based even upon intermediate term pricing trends.

I'm sure many MI afficionados here can shed light on how to optimize a screen of screens. I'd be interested in knowing how they've been doing with it through thick and thin.

Tom
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