From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3539 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, August 20 2003 Volume 02 : Number 3539 In this issue: Re: [CANSLIM] What works in this market? [CANSLIM] How to post via ftp for canslim [CANSLIM] Sending large or non-text files to the canslim group RE: [CANSLIM] What works in this market? RE: [CANSLIM] negatives of CANSLIM RE: [CANSLIM] negatives of CANSLIM ---------------------------------------------------------------------- Date: Tue, 19 Aug 2003 23:47:49 -0400 From: "Jeff Mulder" Subject: Re: [CANSLIM] What works in this market? << Is there a source for info on which companies have come public in last, say, 8 years?>> http://moneycentral.hoovers.com/global/msn/index.xhtml?pageid=1949 - - Jeff - ----- Original Message ----- From: "Harold Josephson" To: Sent: Sunday, August 17, 2003 2:02 AM Subject: RE: [CANSLIM] What works in this market? I wonder why they haven't added the IPO date as a screening criterion. Might be helpful. Is there a source for info on which companies have come public in last, say, 8 years? Cheers, Harold Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com Sent: Thursday, July 17, 2003 1:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] What works in this market? Pritish: No stats, just personal observations/comment: I asked DGO to put when the company went public in their graphs (they now do) because WON observed that stocks that are less than 8 yrs public are the ones that usually take off. He experienced this; but it also makes sense: A company is not going to go public unless they have something new (in technology or service) to offer. There is just too much labor involved in taking it public (regulations and other govt. oversights). Also, those speculators or investment brokers won't handle a company that's going public unless (it seems to me) there is a good chance it will take off-and there won't be a good chance unless the company has a product or service that is new or innovative. Also, it should be acknowledged that a company over 8 years old might very well now be in the mature stage (ie. not very inviting for someone who wants relatively quick capital gains). jans In a message dated 7/17/2003 12:52:10 PM Eastern Daylight Time, pshah@lason.com writes: << Has anybody else seen such commonalities? If yes, please share. One of WONs recommendation is to consider only buying stocks that are no more than 8 years old and coming out with new products. Pritish >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 19 Aug 2003 23:22:47 -0500 From: "Katherine Malm" Subject: [CANSLIM] How to post via ftp for canslim Everyone, There are times when you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ See ftp instructions below. 2. Send mail to me directly at owner-canslim@lists.xmission.com telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the public directory where people will be able to download your file. 3. After I notify you that the file has been moved to the public directory (and provide you with the file's URL), you should send an email to the group describing your file, and its URL. Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury - canslim owner/admin =================================================================== FTP Instructions: 1. Using Netscape, go to the URL: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 19 Aug 2003 23:29:17 -0500 From: "Katherine Malm" Subject: [CANSLIM] Sending large or non-text files to the canslim group Sorry...sent the older version.... here are the complete instructions | Everyone, | | There are times when you may wish to share large or non-text files with | our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured | to reject all files over 80K. You can attach files under this threshold | to your email posting. | | While files under this 80K threshold are delivered by the canslim list | software, receiving mail servers often reject files over 40K. This means | that while your file was delivered by the canslim mail server, many users | will not have received it because their mail server rejected it... | | This does not mean you cannot share large files with the group. Rather, | the BEST way to share large files with the group (even those under 80K) | is to place the file at an ftp site, and then refer to the link in your | canslim posting. This way, the reader can read your posting, click on | the link, and instantly see what you are talking about. If you have your | own ftp site, feel free to use it. | | If you do not have access to your own ftp site, we have provided an | anonymous ftp site. To provide your file to the group, please follow | these instructions: | | 1. Send your file to: | | "ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/". | | If you don't know how to ftp a file, you can use the ftp instructions | at the bottom of this message. | | 2. After not more than 15 minutes, your file will be available for | everyone at the URL of: | | http://WallStreet-LLC.com/canslim/your_file_name | | where "your_file_name" is the exact name of the file you uploaded. | This file name should NOT have spaces or other strange characters. | Letter, numbers, and "." are always good, i.e. "canslim_25.gif". | | 3. Before posting your message to the group, test the URL of your file by | copying the web address: | | http://WallStreet-LLC.com/canslim/your_file_name | | into your browser and seeing if your browser displays the file properly. | | 4. Finally, send your message to the group describing your file, and be | sure to explicity include the URL of your file. | | Although this may seem unwieldy at first, it really isn't too bad and it | solves more problems than it creates. | | If you have any problems with this procedure, feel free to contact me at | mcjathan@xmission.com. | | Best Regards, | | Jeff Salisbury | | =========================================================================== | | Netscape FTP Instructions: | | 1. Using Netscape, go to the URL: | | ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ | | 2. On the Netscape "File" menu, select "Upload File..." This will open | a file selection widget on your hard-drive. Select the file you wish to | upload and hit the "Ok" button. At this point, your file will be uploaded. | | 3. Eventhough your file has been uploaded, you will not be able to see the | file in your netscape browser. The reason for this is that the "incoming" | directory is set to write-only for security reasons. | | Internet Explorer FTP Instructions: | | 1. Using "Internet Explorer", go to the URL: | | ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ | | 2. Open "Windows Explorer" to browse your local hard-drive. Find the file | you want to send. Select the file by clicking once. The right-click and | "copy" the file. | | 3. Go back to the Internet Explorer window. Right-click and "paste" the | file. It will be uploaded to the canslim ftp site. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 20 Aug 2003 00:40:06 -0700 From: "Harold Josephson" Subject: RE: [CANSLIM] What works in this market? Thanks Jeff, A good beginning. Now I need a way to compile a list without typing = each symbol individually. Cheer, Harold Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968=20 hj@hjosephson.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Mulder Sent: Tuesday, August 19, 2003 8:48 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] What works in this market? << Is there a source for info on which companies have come public in = last, say, 8 years?>> http://moneycentral.hoovers.com/global/msn/index.xhtml?pageid=3D1949 - - Jeff - ----- Original Message -----=20 From: "Harold Josephson" To: Sent: Sunday, August 17, 2003 2:02 AM Subject: RE: [CANSLIM] What works in this market? I wonder why they haven't added the IPO date as a screening criterion. Might be helpful. Is there a source for info on which companies have come public in last, = say, 8 years? Cheers, Harold Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com Sent: Thursday, July 17, 2003 1:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] What works in this market? Pritish: No stats, just personal observations/comment: I asked DGO to put = when the company went public in their graphs (they now do) because WON = observed that stocks that are less than 8 yrs public are the ones that usually take = off. He experienced this; but it also makes sense: A company is not = going to go public unless they have something new (in technology or service) to offer. There is just too much labor involved in taking it public (regulations = and other govt. oversights). Also, those speculators or investment brokers won't handle a company that's going public unless (it seems to me) there is a = good chance it will take off-and there won't be a good chance unless the = company has a product or service that is new or innovative. Also, it should be acknowledged that a company over 8 years old might very well now be in = the mature stage (ie. not very inviting for someone who wants relatively quick capital gains). jans In a message dated 7/17/2003 12:52:10 PM Eastern Daylight Time, pshah@lason.com writes: << Has anybody else seen such commonalities? If yes, please share. One = of WONs recommendation is to consider only buying stocks that are no more = than 8 years old and coming out with new products. Pritish >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 20 Aug 2003 06:07:05 -0500 From: "Jeff Henderson" Subject: RE: [CANSLIM] negatives of CANSLIM This is a multi-part message in MIME format. - ------=_NextPart_000_0024_01C366E1.47FD1930 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Jeff, Great point, thanks! What about exiting, do you think a percentage exit is ok to use? I was thinking more about moving exits that deal with volatility perhaps some multiple of the ATR. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Mulder Sent: Tuesday, August 19, 2003 10:35 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] negatives of CANSLIM << Also, as far as using WON's entry signals, specifically the chart patterns, I will quote Tharp from his book, Trade your way to Financial Freedom re:Chart patterns in general "However, such patterns are very difficult to computerize and thus test. In addition when people do test these various patterns, they do not find anyevidence that they increase the reliability of entry signals beyond the 50 percent level." I do not doubt WON's methods, but I believe that skepticism is healthy and that is beneficial to discuss potential flaws in a system. >> Your paragraph above uses a quote from Van Tharp's book to suggest that a reliability rate of 50% is a potential flaw in the CANSLIM system. Please remember, however, the primary theme of the Tharp book: Expectancy and frequency are the keys to system profitability, not entry reliability. Research into the expectancy of CANSLIM systems will reveal much more about potential flaws than analysis of entry reliability. Drawdowns are another potential flaw. You may want to investigate the size and duration of drawdowns within CANSLIM systems as well. A couple weeks ago, Katherine Malm published links to the AAII's annual summaries of performance for several dozen stock screens. The CANSLIM screen is the second most profitable screen tracked by AAII. Interestingly, the screen removes the technical entry (CWH breakout) many CANSLIMmers consider crucial to their systems. Instead, the portfolio simply rebalances on a monthly basis across however many stocks meet the screen's requirements. Despite being fully invested at all times, and despite buying stocks extended well beyond their pivot points, the screen has delivered positive returns in all of the last five years. If you research historical holdings within the AAII CANSLIM portfolio, you'll see that their entry reliability is below 50%. Even with that potential flaw, the screen has a 5-year cumulative return of 350% through 2002. - - Jeff - ----- Original Message ----- From: Jeff Henderson To: Canslim Sent: Sunday, August 17, 2003 5:17 PM Subject: [CANSLIM] negatives of CANSLIM Hi group, I'm glad that we can discuss companies using CANSLIM to evaluate companies, but I was wondering if any of you think there are any negatives to this system (as discussed in HTMMIS). I think it's important to fully evaluate a system, look for any absolutes or conditionals in the system and evaluate it against other options. For example I know CANSLIM works the best during a bull market and we are not in a full fledged bull market right now. Also, as far as using WON's entry signals, specifically the chart patterns, I will quote Tharp from his book, Trade your way to Financial Freedom re:Chart patterns in general "However, such patterns are very difficult to computerize and thus test. In addition when people do test these various patterns, they do not find anyevidence that they increase the reliability of entry signals beyond the 50 percent level." I do not doubt WON's methods, but I believe that skepticism is healthy and that is beneficial to discuss potential flaws in a system. Jeff - ------=_NextPart_000_0024_01C366E1.47FD1930 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Jeff,

 

Great point, thanks!  What about exiting, do you = think a percentage exit is ok to use?  I was = thinking more about moving exits that deal with volatility perhaps some multiple of = the ATR.

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Mulder
Sent: Tuesday, August 19, = 2003 10:35 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = negatives of CANSLIM

 

<< Also, as far as = using WON’s entry signals, specifically the chart patterns, I will quote = Tharp from his book, Trade your way to Financial Freedom re:Chart = patterns in general “However, such patterns are very difficult to computerize = and thus test.  In addition = when people do test these various patterns, they do not find anyevidence that they = increase the reliability of entry signals beyond the 50 percent = level.”  I do not doubt WON’s = methods, but I believe that skepticism is healthy and that is beneficial to discuss = potential flaws in a system. >>

 

Your paragraph above uses a = quote from Van Tharp's book to suggest that a reliability rate of 50% is a = potential flaw in the CANSLIM system.  Please remember, however, the primary = theme of the Tharp book: Expectancy and frequency are the keys to system profitability, not entry reliability.

 

Research into the = expectancy of CANSLIM systems will reveal much more about potential flaws than = analysis of entry reliability.  Drawdowns are another potential flaw.  You = may want to investigate the size and duration of drawdowns within CANSLIM = systems as well.

 

A couple weeks ago, = Katherine Malm published links to the AAII's annual summaries of performance for = several dozen stock screens.  The CANSLIM screen is the second most profitable = screen tracked by AAII.  Interestingly, the screen removes the technical = entry (CWH breakout) many CANSLIMmers consider crucial to their systems.  Instead, the portfolio simply rebalances on a monthly basis across = however many stocks meet the screen's requirements.  Despite being fully = invested at all times, and despite buying stocks extended well beyond their pivot = points, the screen has delivered positive returns in all of the last five = years. 

 

If you research historical = holdings within the AAII CANSLIM portfolio, you'll see that their entry = reliability is below 50%.  Even with that potential flaw, the screen has a 5-year cumulative return of 350% through 2002.

 

- = Jeff

----- Original Message = - -----

To:<= /font> Canslim

Sent: Sunday, August 17, 2003 5:17 PM

Subject: [CANSLIM] negatives of CANSLIM

 

Hi = group,

 

I’m glad that we can = discuss companies using CANSLIM to evaluate companies, but I was wondering if = any of you think there are any negatives to this system (as discussed in = HTMMIS).  I think it’s important to = fully evaluate a system, look for any absolutes or conditionals in the system = and evaluate it against other options.  For example I know CANSLIM works the best during a bull market and we are = not in a full fledged bull market right now.  Also, as far as using WON’s entry signals, specifically the = chart patterns, I will quote Tharp from his book, Trade your way to = Financial Freedom re:Chart patterns in general “However, such patterns = are very difficult to computerize and thus test.  In addition when people do test these various patterns, they do = not find anyevidence that they increase the reliability of entry signals beyond = the 50 percent level.”  I do = not doubt WON’s methods, but I believe that skepticism is healthy and that = is beneficial to discuss potential flaws in a = system.

 

Jeff

- ------=_NextPart_000_0024_01C366E1.47FD1930-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 20 Aug 2003 06:10:53 -0500 From: "Jeff Henderson" Subject: RE: [CANSLIM] negatives of CANSLIM This is a multi-part message in MIME format. - ------=_NextPart_000_0029_01C366E1.D00948D0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Jeff, Sorry I didn't read your next post before posting mine regarding exits. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Mulder Sent: Tuesday, August 19, 2003 10:40 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] negatives of CANSLIM << Also I would never do percent stop losses or at least keep it at a flat rate. I think moving stop losses based on volatility seem more logical. >> You may want to test and compare variations of both stop-setting strategies to find the one that works best, rather than blindly following one that "seems more logical." - - Jeff - ----- Original Message ----- From: Jeff Henderson To: canslim@lists.xmission.com Sent: Sunday, August 17, 2003 6:06 PM Subject: RE: [CANSLIM] negatives of CANSLIM Also I would never do percent stop losses or at least keep it at a flat rate. I think moving stop losses based on volatility seem more logical. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Henderson Sent: Sunday, August 17, 2003 4:18 PM To: Canslim Subject: [CANSLIM] negatives of CANSLIM Hi group, I'm glad that we can discuss companies using CANSLIM to evaluate companies, but I was wondering if any of you think there are any negatives to this system (as discussed in HTMMIS). I think it's important to fully evaluate a system, look for any absolutes or conditionals in the system and evaluate it against other options. For example I know CANSLIM works the best during a bull market and we are not in a full fledged bull market right now. Also, as far as using WON's entry signals, specifically the chart patterns, I will quote Tharp from his book, Trade your way to Financial Freedom re:Chart patterns in general "However, such patterns are very difficult to computerize and thus test. In addition when people do test these various patterns, they do not find anyevidence that they increase the reliability of entry signals beyond the 50 percent level." I do not doubt WON's methods, but I believe that skepticism is healthy and that is beneficial to discuss potential flaws in a system. Jeff - ------=_NextPart_000_0029_01C366E1.D00948D0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Jeff,

 

Sorry I didn’t read your next = post before posting mine regarding exits.

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Mulder
Sent: = Tuesday, August 19, = 2003 10:40 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = negatives of CANSLIM

 

<< Also I would never do percent stop losses or at = least keep it at a flat rate.  I think = moving stop losses based on volatility seem more logical. = >>

 

You may want to = test and compare variations of both stop-setting strategies to find the one that = works best, rather than blindly following one that "seems more = logical."

 

- = Jeff

----- Original Message = - -----

Sent: Sunday, August 17, = 2003 6:06 PM

Subject: RE: [CANSLIM] negatives of CANSLIM

 

Also I would = never do percent stop losses or at least keep it at a flat rate.  I think moving stop losses = based on volatility seem more logical.

 =

-----Original = Message-----
From: owner-canslim@lists.xmis= sion.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Henderson
Sent: = Sunday, August 17, = 2003 4:18 PM
To: Canslim
Subject: [CANSLIM] = negatives of CANSLIM

 

Hi = group,

 

I’m glad that we can = discuss companies using CANSLIM to evaluate companies, but I was wondering if any of you = think there are any negatives to this system (as discussed in HTMMIS).  I think it’s important to = fully evaluate a system, look for any absolutes or conditionals in the system = and evaluate it against other options.  For example I know CANSLIM works the best during a bull market and we are = not in a full fledged bull market right now.  Also, as far as using WON’s entry signals, specifically the = chart patterns, I will quote Tharp from his book, Trade your way to = Financial Freedom re:Chart patterns in general “However, such patterns = are very difficult to computerize and thus test.  In addition when people do test these various patterns, they do = not find anyevidence that they increase the reliability of entry signals beyond = the 50 percent level.”  I do = not doubt WON’s methods, but I believe that skepticism is healthy and that = is beneficial to discuss potential flaws in a = system.

 

Jeff

- ------=_NextPart_000_0029_01C366E1.D00948D0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3539 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.