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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

73.0. "Stock Database" by EPIK::FINNERTY () Wed Feb 19 1992 13:01

    
    I came across a PC program for tracking and screening stocks that I
    think some of you may want to know about.
    
    Last things first... it costs only $55/year. 
    
    For $55 you get data on 4000 companies.  The database is updated quarterly
    and price updates are available FREE via modem.  A truly amazing amount 
    of information is available on each company, and the data extends back 
    for 6 years.  There is a  flexible way of setting up screens, comparing 
    stocks against one another, etc.
    
    For the money, truly a remarkable value.  In addition, they have other
    traning materials available if you are interested (not sure of the
    cost).
    
    This is run by a non-profit organization named "American Investors
    Alliance".  They can be reached at:
    
    	The American Investors Alliance
    	P.O. Box 11209
        Fort Lauderdale, FL  33339-1209
    
        Phone: (305) 561-1900
    
    
       /Jim
    
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73.1make that $114EPIK::FINNERTYTue Mar 03 1992 11:5113
    
    
    The $55 deal turns out to be for the database + manual + one year of
    quarterly updates only.  It does not include current price downloading,
    which only comes with a membership in the association.
    
    The full package costs $114 (per year, I believe), which is still
    pretty reasonable.  They were less than clear about their pricing
    policies, which is a troubling sign, but perhaps this is typical for
    low-overhead, non-profit institutions.
    
       /Jim
    
73.2updateEPIK::FINNERTYTue Mar 17 1992 11:4116
    
    after a bit more playing around with the database, my opinions about it
    have steadily improved.  there are a few problems, but the most 
    important of them are being addressed in the next release of the
    software, and the others can be worked around.
    
    some of the features of the database package are innovative and very
    valuable; for example, there is a rating system which considers both
    growth and consistency of growth of earnings, sales, price, ..., and
    with a bit of hacking it is possible to define almost any conceivable
    screening criteria.
    
    i just wish i'd had this package last December...  
    
       /Jim
    
73.3SMD updateVIZUAL::FINNERTYThe bug stops hereWed May 27 1992 18:5325
73.4DECWET::DEROSAI = not(number);Mon Jun 29 1992 15:102
So, how has this service been since May?  I'm thinking about signing
up.  Have the bugs in the system been excised?
73.5you can decideVIZUAL::FINNERTYThe bug stops hereMon Jun 29 1992 17:3435
    
    Some have been fixed, others not.  I haven't checked to see how
    earnings are calculated in the latest version, but since I didn't
    submit a written request to change it, I doubt the problem has been
    corrected.
    
    The communications problem has been fixed.
    
    If they had a mechanism for downloading historical price quotes, it
    would be a much more useful system...  typing in price histories from
    Barron's or the WSJ gets pretty tedious after a while.  On the other
    hand, if you subscribe to Compuserve or Prodigy you can get
    this service (for a download fee).
    
    I had to make extra requests to get my quarterly updates, which is
    not easy (as you know if you've tried to call them).  When I did get
    them, there were disk errors (just like the previous time) and I had
    to request a second set of disks.  I've never had problems reading
    disks from any other source except the AIA.
    
    Another thing that's unsurprizing but limiting is that price watches
    may only be set in one direction... i.e. it assumes that all positions
    are long positions, and that you want to buy when the price dips below
    some value and sell when the price goes above some value.  This
    reflects their basically fundimental philosopy of investing.  If you
    happen to think that you should sell when the price *drops* below, say,
    a moving average, then you're pretty much out of luck.  Seems pretty
    Dwayne Blamaged to me, but I probably seem that way to them, too.  ;)
    
    oh.. and when you update with your quarterly update disks, it appears 
    to clear out your portfolio.  =8O  Nice, eh?  Perhaps there is some
    way to avoid this, but there were no instructions to this effect.
    
       /Jim
                                                     
73.6one more bugVIZUAL::FINNERTYSell high, buy lowWed Sep 16 1992 20:028
    
    update...  The latest version allows free nightly downloads of _all_
    their information, including the latest quarterly earnings in addition
    to price data...  so you can get up-to-date data whenever you want it for
    just the cost of the phone call. 
    
    I bothered them again about fixing the way they calculate earnings; as
    of about a month ago it still wasn't fixed.  
73.7demo disksVIZUAL::FINNERTYSell high, buy lowThu Oct 29 1992 16:089
    
    If anyone would like a demo disk of the SMD stock database, I can get
    one for you.  
    
    ...but if you come up with any successful stock screens, you've gotta
    let me know about'em  ;)
    
       /jim
    
73.8Update on info-serviceJUDYL::SWARTZTue Feb 09 1993 16:196
Jim,

Any new information about this database and software ?. What the latest
on software updates/features ?

Ed
73.9status quo, still happyNOVA::FINNERTYSell high, buy lowFri Feb 26 1993 17:4916
    
    Hi Ed,
    
       Pretty much the same.  They've made some minor improvements in the
    portfolio section, which I don't use.  The modem-download feature has
    made this an immesurably better product... the data is updated daily,
    and you can download this whenever you wish at no charge.
    
       I can create a demo disk for you, if you like.  (but if you sign up,
    tell'em I sent you so I get an extra months' subscription).
    
       /Jim
    
    p.s.  the P/E ratio is still bogus.  I have no idea why they haven't 
          fixed such an obvious problem.