Ask Dave – April 2010

Hi Dave, 

I consider myself a mid to long term trader and have been reading and researching as much as possible.  I’ve been having a hard time filtering companies for low P/E and decent EPS, the problem is that I haven’t been able to find any services that do this for the ASX.  

What services, free if possible, are available for screening ASX stocks using fundamentals?

Cheers, Sam C

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Hi Sam,

This is a great question, and nice work on your reading and researching as much as possible!  I’ve found if you split your time into half research / reading, half trading (even with ridiculously small amounts of money for practice) you are well on your way to more and more successful trading, as the “doing” really cements it.

As for the free fundamental screener – probably the best site I know of is NineMSN Money.  It sounds crazy, but I’ve used programs like Stock Doctor in the past for fundamentals, and seriously – the MSN share screener is right up there and even has a few features that paid services like Stock Doctor do not. 

In fact, since receiving your email I’ve been having a ball with the free stock screener.  You can search by EPS, P/E, earnings growth, forecast growth, historical financials up to 5 years, dividends or income, but then even better things like how many big players are invested in the stock.  This last one was a real eye opener for me – especially since William O’Neil recommends 3 – 10 institutional players already invested when you buy (for the American markets).

Hope it helps, and happy trending!

Dave

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April 7, 2010  Tags: , , , , ,   Posted in: Ask Dave

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