StockNod Rally in Austin

Stocknod’s very own David Yang was in town from Toronto this past weekend. David was visiting Austin to help Stocknod founder Jason McGuire confirm the latest version of the Stocknod Alerts. His visit also gave us a chance to meet his lovely wife Lillian and enjoy some of the fun to be had in Austin. Unbeknownst to anyone, the Republic of Texas (ROT) rally was also being held the same weekend, so David and Lillian were surprised to see 100,000 plus motorcycles and riders downtown Congress when they arrived.

The trip was a success on many levels as it provided corroboration opportunity for the Stocknod trio as well as provided for some much needed  R&R.  We started the weekend with dinner downtown at McCormick and Schmick’s where we all ate way too much, and then ventured out to watch the ROT Rally parade that was being held downtown on Congress. Unfortunately we didn’t stay out late enough to watch Robbie Knievel make his big jump in front of the Texas state capitol.

Saturday we had an early meeting to discuss some pre-launch issues with the 2.0 Stocknod Alerts. David quickly defused the issues and stabilized  the new ranking algorithm. As many users know the old version of the Stocknod Alerts worked great for roughly 80% of stocks but there were always that pesky group that just didn’t seem to adhere to the Stocknod algorithm. David and Jason both agreed that the issue with the stock’s trading personality could be resolved by tweaking the current ranking algorithm. New modeling supported David’s theories of  incorporating returns by industry into the equation, adding a profit calculation, and adjusting weight of the Stocknod key indicators. The break through was immediately recognized from David’s historic models. The new updates have proven successful for stabilizing the trade signals for those stocks with atypical trading personalities. Both Jason and David have been working to resolve this issue over the last several months but the rally in Austin really helped to bring everything together. Like Jason likes to say “I think we finally cracked this nut”. Our member’s will no doubt see significant performance improvements in both the alerts and the Hotsheet stock picks.

From left to right Jason McGuire, David Yang, and Ryan Collins.

After our successful meeting we then headed out to Iguana Grill on Lake Travis where David and Lillian got to try fajitas for the first time. The weather was very hot but the view of Lake Travis and a couple of frozen margarita’s made bearing the heat much easier.

Thanks to David & Lillian for making the trip and we look forward to our next visit!