| rliu13 |
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Beta Testers, Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, November 2, 2004 |
| Wednesday, July 4, 2012 12:43:06 AM |
35
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Thanks for quick reply.
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Ok, I'm a little slow on the software upgrade since last visit. Where do I find information about the new features of Telechart 2007? Thanks.
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Well, maybe it should be named as GAAP EPS%. I think those accountants or whoever made this GAAP standard should be spanked. Just kidding.
Hope you know I didn't mean to blame anyone at Worden. But I think this will be a serious blow to people using some fundamentals. If a company happened to have a bad quarter in red among many good quarters, the EPS% will show the company having TWO bad quarters instead of ONE. If used for market timing, you're likely gonna be very late. There will be many other negative effects I can think of. And what about bear market?
Anyway, it's good to know what's really going on with the EPS%.
Regards.
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I think now I understand the problem about the EPS% data in my recent post. But I have to disagree with Craig's explaination of proprer display of EPS%. Why does it have to be from positive to positive? That doesn't make sense to me. But it does explain the problem in my recent post. It looks like if a stock's 1st quarter EPS% is negative, say, -100%, and the following two quarters are in red, TC2005 can't process it, it then simply took the 1st EPS% data and fill the next two. Now we got the 4 EPS% data look like this -100%, -100%,-100%, +200%. I got lot less such occurance now after my recent posting. But now these tickers are blank with no EPS% data. So what seems to me that the data department, without proper interpretation of the data, filled recent data with previous ones,which are false, now simply take out the data if they are not from positive to positive. If that's the case, which I now believe, the EPS% should not be used at all. I'd rather have raw data, just EPS.
Yes, EPS% actually is more informative than real EPS data. But wrong interpretation can mislead. It doesn't have to be from + to +, 'cause we're talking about percentage here. As an example, a company's raw EPS data for recent quarters show(in $)
-10 mil; -5 mil; -1 mil; + 1 mil; (future quarters:+2.5 mil; +4 mil; + 5 mil;)
I will prefer this stock than GE, cuz the current EPS% show me +, +, +, even though the actual EPS is negative. This tells me a turnaround company with good growth. Now in TC2005, this type of stocks show blank EPS%, nothing. Some one may say they don't trade those, but I do. I had a good return on FOXH this year(now with blank EPS%), and take a look at TXU and it's four quarter EPS%(repeated EPS%?), when I got in last year with a negative EPS%).
My point is when raw data is processed, it now has someone's OPINION. You can't make correct judgement on wrong data.
My 2 cents.
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Two weeks after the update now, I still have doubts about the data accuracy. Some of the tickers I provided above now don't have EPS data. They are simply blank. There are also numerous tickers that also have blank EPS data. At least most of the tickers here are not IPOs. So the EPS data should be there. Need help here.
Thanks.
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Thans for the fast response. Looking forward to it.
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Here are some.
ATPG
BOOM
CLHB
CTIB
FC
FTEK
GAP
GLBL
LANV
NTG
RVI
TXCO
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About the space on the right, I think two weeks (10 days) should be sufficient.
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Next month will mark the first year of my Telechart experience. I must say I've been very happy with Telechart. Thanks for the great product.
Recently while I was examing the EPS data for the stocks on my watchlist, I found there are data I have serious doubt. I used the built in EPS percentage change for the latest quarter, and three previous quarters. One example is there are about 6 stocks in 38 stocks I selected, all have -100% EPS change for all the previous quarters and 75% for the latest quarter. 5 Stocks in the list have -75% for all the prvious quarters and 38% for the latest quarter. The stocks that have exact same EPS data are stocks from different industries. It seems to me such data is highly impossible. I started to doubt about the accuracy of the data in Telechart, after I checked other sources which showed difference of the EPS for those stocks.
I'd really like to have some more space on the right side of the Telechart for analysis purpose. One month space will be enough. I have voiced this before. Some subscribers also mentioned this before.
Another improvement I would like will be Printing. I hope Telechart will use standard Windows printing instead, at least charts can be rotated in landscape format and rescaled.
Regards.
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Thanks for the lightening response. I did check the box when I update. But I also found the way from |DataBank| menu you described and it worked fine.
Regards.
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