Chart, page-312

Hi ABDM,

Thank you for the detailed response.
I certainly appreciate it.

I was intrigued because you have posted the bar chart before and wondered if you had some interest in HFT or any background.

Anyways, from my limited experience there is a very good model which seems to beat most of ASX and S&P500 by about 3-5% on frequency trading. Pardon me because what I am about to posit has nothing to do with fundamentals of OBJ. Congratulation on your investment as it has provided you with good returns. T

1) Pick a basket of about 18-25 stocks randomly.
2) Calculate/observe their last 5 days adjusted close + variance in volume.
3) If the stock registers more upticks at close then down ticks with increasing volume keep it in the basket.
4) If the stock registers less upticks + less volume on consecutive 6 days replace that with another on the basket.

Traces: 10^11 traces, that is to say 10^11 initial baskets (a mere fraction of the total ncr(500,10)), randomly chosen.

You will find that the probability of success is above 85% tested to beat the S&P by about 3% minimum.

I am not sure if the Australian traders engage in HFT model because the evidence to suggest is slim specially on a sector like Biotech.

Interestingly, You will find that OBJ has fit this model as far as 17/06. A lower level algorithm is quite apparent on OBJ in the recent past. I certainly feel that there might be a little bit of downside in the recent future. Although this does not account for any news that OBJ might provide. Over the longer term obviously you might have the winning hand.

Again this is a very short term view only and nothing to do with the fundamentals.

Good luck.