Brainy's Share Market ToolboxBrainy's Share Market Toolbox
An arsenal of weapons to help you tackle the share market.
Monthly eBook (pdf) Articles
Share Market Stock Liquidity

Just one of the tools in my Share Market Toolbox
December eBook Articles Update #37 - Dec 2011
Dear Reader,   
Firstly a short note to the recently new Toolbox Members:- This is a monthly email with some pointers and tips on focused topics. They often include references to specific eBook Articles in the Toolbox, as well as key web pages in the free area of the Toolbox (eg. on the extensive Share Market web page), and references to Articles in the Members' Area of the Toolbox. I have been writing these eBook Articles since October 2008 - that's now more than 3 whole years! You can see a quick summary of the eBook Articles here.

This month's eNews email is going to Toolbox Members as normal (a part of the Toolbox service), and to the people who have registered to receive occasional information about the Share Market.
Any non-member who no longer wants to receive this material can simply unsubscribe using the SafeUnsubscribe link at the bottom - or just Update Your Profile to change your interests.

Please read on....  

This month's focus:
Stock Liquidity 
Back in September we took a look at the topic of stock liquidity. We talked about how important it is to invest or trade in liquid stocks so that we don't get stuck holding onto a stock when we want to sell it. If we try to sell an illiquid stock, we might be left holding it for a while and at greatly reduced prices. You can see the September eNews material in the eNews archive - Sept 2011.
This months' eNews email is a follow-up to the September information, and introduces a new public web page on stock liquidity, and a new Premium Members web page in the Toolbox for Premium Toolbox members with more information about stock liquidity, and links to a list of about 400 stocks that comprise Roberts' Liquid List. This list is my own list of liquid stocks that I scan through looking for investing and trading opportunities. See the details and links below for more information and the downloads.
I should point out, though, that many people do invest or trade successfully in illiquid stocks. Many do this by diligently watching the stock, and perhaps holding for just a short period. But many people do this successfully with lady luck on their side. In many cases, these people do experience some losses amongst their gains. For most of us, we can reduce the risk of loss by simply avoiding illiquid stocks.
Recent monthly focus topics
The monthly focus in the last few months has been:
For the benefit of all the new readers this month,
useful information in the last few month's emails is
available in the email archive (no password needed).
Stock Liquidity + Robert's Liquid List

This month I am introducing what I call "Robert's Liquid List". Each month I run a scan across all the Australian stocks (more than 2400), to find those that meet my own liquidity criteria. For a few months now the list has contained about 400 stocks each month. Then during the month when I am scanning for investable or tradeable stocks, I only search through my Liquid List of about 400 stocks, and I ignore all the other stocks in the market. This means the scans run faster, and I don't even look at the so-called illiquid stocks.
Premium Toolbox Members can see more information about my Liquid List, and a link to download the list of stock codes, on this new web page. There are a couple of ways to navigate to this new web page - from the public Stock Liquidity web page; and the Toolbox home page sitemap (under the "Share Market" heading); and the Premium Members Gateway (there's a link to this on the top of the Toolbox Home page); and the Share Market web page Quick Links section (on the left).
There are actually three slightly different lists available to download, the first two of which are details in which you might not be interested:
  1. The "Investors / Weekly Table" - A list of the stock codes with key price data and Fundamental Analysis data, based on the long-term version of Robert's Liquidity Rules.
  2. The "Traders / Daily Table" - A similar list of stock codes and data, based on the shorter term version of Robert's Liquidity Rules.
  3. An amalgamated list of all the stock codes from the two lists above, and containing only stock codes with no price data. This list can be easily imported into your own watchlist in a spreadsheet or in charting software like BullCharts. 
Robert's Liquid List will be refreshed on a monthly basis, within a few days of the end of each month, and available for Premium Members to download.
How to use this list? - We could take this list as it is, and use it for our Weekly Watch List instead of the XJO list of 200 stocks. This would double the number of stocks on our list. In this way we could look for rising stocks using the same Weekly Watch List criteria. Alternatively, you could adopt the methods used here to find liquid stocks, and adjust the search criteria, and look for a slightly varied set of liquid stocks.
This month there are no new or updated eBook (PDF) Articles on this topic; but the existing ones are:


There are now a total of 109 Articles in this collection of eBook Articles - a total of 465 pages of information!
You can see the Master List of all Articles here (recently new or updated ones are highlighted), and the Detailed Topic Index here.
Don't forget to see the updated Table of Contents pages for the Share Trading articles (see links in the side-bar at right).  

eBook (PDF) Articles - Summary 

Over the last three years I have accumulated quite a collection of eBook (PDF) Articles on three subject areas - Share Trading/Investing, Technical Analysis and BullCharts software (actually more than 450 pages of material in more than 100 articles). These Articles are invaluable for both new and experienced investors and traders. I am now writing brief monthly notes in this eNews email to highlight specific Articles on targeted topics. I am also writing new Articles and updating existing ones as required.  


For more information see:

Article front pages 
As of early January 2011 with the change in publishing approach for 2011, I significantly revised the Introduction Article and the Overview Article for each of the three subject areas. You can see them here:
Any problems?

What if you have some sort of problem with accessing the Toolbox and any of these Articles? Or maybe the Username and Password doesn't work. If there is any problem at all, simply contact me by email or phone. The best email address for this is: Occasionally emails disappear - the system thinks they are spam, or the ISP might think they are spam. If I don't reply within a day or so, please contact me by other email address or phone.
In Closing

There is nothing secret in this email, so feel free to forward it to someone if you think they might benefit from the information, or from being a Toolbox Member. The easiest way to do this is to use the "Forward Email" link at the bottom.
I am also confident that my Toolbox Members won't be sharing their username and password with non-members. It is not fair that I spend all this time preparing the materials, and then my Toolbox Members pay money to have legitimate access, only to let some people pay nothing to read and view the details.
Please feel free to email an individual Article to others as a sample; but if they want online access to all the materials, it is pretty cheap, so they should subscribe as a Toolbox Member. There is information about Toolbox Membership in the Quick Links section at right. 
Happy to receive feedback, or suggestions for new content or improvements.
Until next month,
happy investing or trading,

Robert B. Brain
(mobile: 0438 355 910)

ps: watch out for the sharks in the ocean!  

In This Issue
Stock Liquidity
Recent Topics
eBook Articles
Articles summary
Front pages
Any Problems?

I am always very happy to receive feedback about the Toolbox, and the articles and weapons therein.

Please feel free to contact me by email or phone.

How to contact - click here.
Quick Links

Articles Master List of all eBook (pdf) Articles

Introductory information About the Articles

Detailed Topic Index

Robert's BullCharts charting software Knowledgebase
The latest
Table of Contents pages for:
Share Trading,
Technical Analysis

Share Market Toolbox - What is it?
Go to the Online Shop to become a
Toolbox member. 
Join as a Toolbox Member by printing the
manual order form
complete the details and send in the mail with payment.
The Members Area Gateway (lists all Toolbox features)  

Robert Brain (Brainy) | 23 Nathan Street | Ferntree Gully | Victoria, | 3156 | Australia