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AmyRNeilson  
#1 Posted : Wednesday, May 12, 2010 4:49:29 AM(UTC)
AmyRNeilson

Rank: Advanced Member

Posts: 25

I've been invited to become the new SC Community Leader. This is a brand-new position with the goal of assisting SC members in everything from the resolution of technical problems to general questions and the creation of new forums for hot-topic and ongoing discussions. 

I look forward to assisting SC members in any and all ways that I can. And please, don't be shy! I need to know what you're thinking out there, and what you need in order to have the best SC experience possible, so clue me in!

Wanna join the discussion?! Login to your forum account. New Registrations are disabled.

gerlach  
#2 Posted : Wednesday, May 12, 2010 5:12:42 AM(UTC)
gerlach

Rank: Administration

Posts: 437

Thanks: 7 times
Was thanked: 14 time(s) in 10 post(s)
Welcome aboard in your new position, Amy! We're excited about what's ahead for StockCentral as we continue to grow and expand the site!

Doug
garbagecop  
#3 Posted : Wednesday, May 12, 2010 5:28:04 AM(UTC)
garbagecop

Rank: Advanced Member

Posts: 47

Amy,

Let me be the first to congratulate you on your new position.  I can't think of anyone more loyal to or hardworking for this community.  I just hope you're getting paid since you'll be getting the crap along with the glory!

It seems like the pat response to any problem here is to initiate another forum.  But too often, I have asked questions that were met with no response.  Or I've seen good questions or comments from others that have fallen on deaf ears.  More forums is not the answer.  I think it's smarter to substanially cut back the number of forums, bulk up the ones that are left, and make sure no question goes unanswered.  So for example, I remember Sheryl having trouble getting people to come to a book forum discussion.  If those were simply thread on a bigger board, then maybe more people would have clicked in.

If you are going to have a technical board (and one will be sufficient), then please have it facilitated by techs.  There is nothing more frustrating than dealing with a middleman when you're experiencing software issues. And keep those discussions public as opposed to taking them offline.  I think many of us share the same software problems, and to watch someone else work through them would be interesting and educational for the rest of us.

Also, if you watch the I-Club-List, which I believe has been dying a slow death in the last few years, you will see that activty always picks up when specifics are discussed - especially when it brings the popular posters.  Consider offering Armin Fields the opportunity to facilitate the Stocks forum to showcase his studies and bring some discussion to this community.  People don't come here because it's too quiet, too many boards, and not enough takeaways to make the effort.  I would love to see that change.

So those are my ideas.  I hope others will chime in.  Thanks for all your efforts, so far, on our behalf. 

Lynn Ostrem
garbagecop@gmail.com

 

AmyRNeilson  
#4 Posted : Friday, May 14, 2010 5:35:40 AM(UTC)
AmyRNeilson

Rank: Advanced Member

Posts: 25

Thank you, Lynn, for your thoughtful response and great ideas! I look forward to implementing these ideas on the site and getting this site rockin' and rollin' again with member discussions!

aflorida  
#5 Posted : Friday, May 14, 2010 6:47:00 AM(UTC)
aflorida

Rank: Newbie

Posts: 2

Dear Amy:

Great to hear from you and to hear about your new position – fantastic. I look forward to hearing about your new ideas, especially after reading Lynn Ostrem’s message to you about ways to change the sites. Your work is cut out for you. Thanks so much for passing my problem on to Sean – he called me and worked through what appeared to be the issue – was very patient and helpful and I have now been able to get into both iclub and Stock Central. We live with great hope – again thanks.

Here’s another one for you – do you happen to know a site that has the word ‘magic’ in it – the site deals with finding stocks to study? Any help appreciated.



Best regards and thanks,

Alice

AmyRNeilson  
#6 Posted : Friday, May 14, 2010 7:10:39 AM(UTC)
AmyRNeilson

Rank: Advanced Member

Posts: 25

Alice,
Glad to hear your issues were able to be resolved, and so quickly!
Doug was able to give me the addy to the site you're looking for:

http://www.magicformulainvesting.com

aflorida  
#7 Posted : Friday, May 14, 2010 7:49:36 AM(UTC)
aflorida

Rank: Newbie

Posts: 2

You came through twice in one day - and quicker than Dear Abby - Thanks again.

Alice

DannyM  
#8 Posted : Friday, May 14, 2010 12:34:33 PM(UTC)
DannyM

Rank: Advanced Member

Posts: 262

Congrats Amy, I'd like to see a forum on the general market. More in the vein of current events that would give a macro view of the day's or weeks goings on. Specific stocks that come up in the discussion can then be directed over to that forum. Like Lynn said, to often the i-club has no pulse and often needs to be shocked back to action by a market event. Much like the "thought of the day" in the newsletter I think a Current, todays, market issues forum might spur futher discussion on this site as many are tied into the "what's going on now and how does it affect the big picture".

2 cent's worth

gerlach  
#9 Posted : Friday, May 14, 2010 12:39:16 PM(UTC)
gerlach

Rank: Administration

Posts: 437

Thanks: 7 times
Was thanked: 14 time(s) in 10 post(s)

Thanks, Danny. You'll be pleased to know that we already have a new forum this week called "The Exchange," located in the Investing section of the forums. The Exchange is for discussions related to the general market, and when you visit you'll see that we have moved over some message threads that are appropriate to these discussions into this new forum.

Doug

DannyM  
#10 Posted : Friday, May 14, 2010 12:57:39 PM(UTC)
DannyM

Rank: Advanced Member

Posts: 262

Nice addition I saw the title the Exchange, I wouldn't have known. Added my first post. thanks again

bjhuntlogic  
#11 Posted : Monday, May 31, 2010 3:40:07 AM(UTC)
bjhuntlogic

Rank: Newbie

Posts: 1

Hi Amy - I'm new to Stockcentral -taking advantage of the 45 day trial.  My previoue experience is mostly passive buy and hold investing ( I held mutual funds right through -stunned into inaction in '08 and mostly restored in '09).  My recent hope is to self direct a brokerage account with a small % of my total and learn about investing.   I have been reading quite a few investment blogs and after reading quite a bit from hyperactive momentum traders I came to you via Eddy Elfenbein's link at CrossingWallSt. Like you, Eddy is a long term buy and hold guy and I'm pretty sure this is the direction I want to go.

I've had a pretty good look at your Take Stock program and I'm impressed and hopeful that it's finding and recommending the Buffett/ Graham "value at a fair price" stocks that I should invest in.  I'm trying to understand what Take Stock screens for and why most recommendations for long term buys from other sites get low rankings from Take Stock.  I've done some cross referencing.  I'm thinking that the overall rank in Take Stock is purely fundimental and separate from the recommended buy price -correct?  I'm also thinking that other stockpickers include beaten down special situation stocks in their "value" universe, while Take Stock wants steady Eddys.

A couple of examples are CrossingWallStreet picks BBBY and FISV- Take Stock ranks them 2.1 and 1.6.  I also cross referenced some of Take Stocks top picks with MSN's Stockscouter and with Barrons Stockgrader and again they like most of Take Stocks picks, but Take Stock doesn't like many of theirs.

My question is: What does Crossing WallSt (and MSN and Barrons) like about these stocks that Take Stock does not?

Many thanks

Bill Hunt

 

 

gerlach  
#12 Posted : Tuesday, June 1, 2010 9:41:26 AM(UTC)
gerlach

Rank: Administration

Posts: 437

Thanks: 7 times
Was thanked: 14 time(s) in 10 post(s)

Bill-

You're correct -- Take Stock is based on an evaluation of the key fundamentals that best represent a company's management's ability to operate a growing and profitable enterprise. The Quality Index is meant to help you find superior businesses; the premise is that these kinds of companies will be more likely to perform well (fundamentally) in the future since they have done so in the past.

Take Stock looks at the company's history in these areas, weighting the recent results more heavily:

  1. The strength and consistency of past EPS growth.
  2. The stability of the annual pre-tax profit margins.

For users of our Toolkit 6 software program (or any of BetterInvesting's SSG software), these companies will past muster in Section 1 (the Visual Analysis of past growth) and Section 2A (the Quality indicator of the pre-tax profit margin trend).

There are certainly other indicators and other ways of rating companies for "Quality," but the Take Stock approach takes a streamlined approach and views what we consider the two most important criteria. Companies that are well-managed in these areas are likely to be good all-around businesses.

Once you've found a high-quality, well-managed business and are convinced that the drivers are in place to assure continued growth, the next step is to determine what an appropriate valuation is for the company. Many of the Take Stock's highest-ranked quality companies may well be over-valued at their current prices.

I can't speak definitively as to how the MSN StockScouter and StockGrader tools work. I do know that StockScouter looks at a company's technical and fundamental aspects and makes a statistical prediction about the stock's future performance. StockGrader also examines fundamentals but brings in valuation metrics as well.

There are many different methodologies for analyzing stocks, and investors have widely-varying timeframes and risk tolerances. The Take Stock approach is based on identifying candidates for your further review, so that you can then best determine which stocks best fit your needs and preferences -- do you prefer smaller, more aggressively-growing companies, or is a dividend yield more important to you? And so on....

The purely-quantitative approach of StockScouter and StockGrader is less likely to be suitable for a buy-and-hold approach, since they require you to adhere to all changes in their ratings when making buy and sell decisions. In my view, a quant approach works less well when investors "cherry pick" the results, since that introduces personal biases that affect the overall performance that the quants claim for their methodology. You should either buy the methodology -- that is, buy all top-rated companies, and sell when the rating declines -- or buy none of them.

Doug

AmyRNeilson  
#13 Posted : Wednesday, June 2, 2010 3:59:45 AM(UTC)
AmyRNeilson

Rank: Advanced Member

Posts: 25

Hi Bill!
I see Doug tackled your questions -- so I just wanted to welcome you to StockCentral! You'll find lots of great resources, great discussions, and great people here (our members are tops!)!
Please check in, let me know how you're doing and how I can help you to get the most out of StockCentral!
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