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Hoofy & Boo's Biggest Movers!!! - Again?




False Alarm! I'm not putting out another Quant Screen today. Rather, I'm responding to the overwhelming amount of positive responses I've received from the very 1st "Hoofy & Boo's Biggest Movers!!!"

After reviewing all the e-mails received, I thought I'd answer all your questions in one commentary instead of trying to respond to every one individually - I'd be here till Monday.

Question #...

1 - No, I don't think I'll put it out twice a day, but thanks for the enthusiasm.

2 - The Volume Rate Calculation is an intra-day rate, which is broken down into time segments. For example ... if the ADV on a stock is 1,000,000 shares a day and it's traded 1,500,000 shares after 3.25 hours of trading (1/2 day), the rate would be 300%.

The Rate is calculated as follows:
3.25 hours = 50% of the total trading day
50% of the average daily volume (1,000,000) = 500,000
D% Between actual volume of 1,500,000 and 500,000 = 300%
Rate = 300%

3 - About providing trading and breakout ideas - I'll put it this way, "The Professors can fish for you and feed you for a day; or they can teach you how to fish and feed you for the rest of your life."

4 - I use a proprietary institutional software program named WONDA, Copyright 2004, William O'Neil+Co.,Inc. All rights reserved.

5 - I used to use Point & Figure quite a bit, still do to some extent, but with the lack of volume present, I personally feel other methods are better for what I do.

6 - The term "engulfing" refers to a day in which the high is higher and the low is lower than the day prior. (Not sure what an outside day is)

7 - No, I'm not the guy "Captain Tuttle" from an episode of MASH nor "Mr. Tuttle" from the movie "Brazil"

Last, but certainly not least, I would also like to say how much I appreciate all of the positive comments I've received from 'The Minyans' welcoming me aboard and giving me kudos for "The Morning Cup of Jo"

If it weren't for you, I wouldn't be here.

Thanks A Million


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No positions in stocks mentioned.

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