Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Filter Criteria
Date: Wed, 12 Dec 2001 01:04:12 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0048_01C182A8.E98AF840 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, I am not sure if I qualify as an "expert" by your definitions, since I = regularly commit many CANSLIM sins, but I've made money in this most = difficult year, so will comment on my screening / initial selection = criteria. Because of "M" for the past 18 or more months now, I have become more = flexible and have very little in the way of "hard" criteria, I will look = at most any stock that falls into my screening criteria, which is = relatively broad. =20 My daily lists are taken from stocks that made new highs, and are less = than $18.50 in price, market cap under $500 million, and volume that day = under several hundred thousand shares My preference is for stocks with high (over 90) RS, and with a good EPS = ranking, again a preference of over 70 I will consider stocks with EPS ranking down even into the below 50 = range, but the further below 80 it falls, the more it must show me in = future potential. I must have a basis for believing that this ranking = will be improving over the next year or two. I do require that the company be profitable, and for at least the last = two quarters I prefer a stock with no institutional / funds ownership to one with 10% = or more (I like to buy them before the elephants trample them) Sequential actual earnings and sales are more important to me than year = to year percentage increases. If last year was a very weak year, it's = easy to generate easy percentage comparisons this year, and hard to do = the same next year if they are not still growing sequentially. Besides, = sequential growth is easier to set my own expectations than some = faceless analyst. Group RS does not figure into my evaluation, altho this may be a larger = factor in the future if I can chart group performance. But in a large = group, a number of weak performers can still obscure the strength of a = few starting to lead the group higher. Where an earnings forecast is presented, I want it to be 30% or higher, = preferably much higher I am selective in the industries I will consider, sticking to something = I can understand and trust (to at least some degree) Naturally, I want to see a good chart pattern, some kind of basing = formation, or a flat line base. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Dave=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, December 11, 2001 6:33 PM Subject: [CANSLIM] Filter Criteria Out of all the WON selection criteria what do you all use as "hard" = criteria (hurdles the stock must meet to make your list) versus "soft" = criteria (hurdles that the stock hasn't made but you can rationalize). = I need some consistent method to keep my list at reasonable levels and = am looking to the experts as to what they use. Thanks in advance for your advice - ------=_NextPart_000_0048_01C182A8.E98AF840 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Hi Dave,</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I am not sure if I qualify as an "expert" by your = definitions,=20 since I regularly commit many CANSLIM sins, but I've made money in this = most=20 difficult year, so will comment on my screening / initial selection=20 criteria.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Because of "M" for the past 18 or more months now, I = have=20 become more flexible and have very little in the way of "hard" criteria, = I will=20 look at most any stock that falls into my screening criteria, which is=20 relatively broad. </FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>My daily lists are taken from stocks that made new = highs, and=20 are less than $18.50 in price, market cap under $500 million, and volume = that=20 day under several hundred thousand shares</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>My preference is for stocks with high (over 90) RS, = and with a=20 good EPS ranking, again a preference of over 70</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I will consider stocks with EPS ranking down even = into the=20 below 50 range, but the further below 80 it falls, the more it must show = me in=20 future potential. I must have a basis for believing that this ranking = will be=20 improving over the next year or two.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I do require that the company be profitable, and for = at least=20 the last two quarters</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I prefer a stock with no institutional / funds = ownership to=20 one with 10% or more (I like to buy them before the elephants trample=20 them)</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Sequential actual earnings and sales are more = important to me=20 than year to year percentage increases. If last year was a very weak = year, it's=20 easy to generate easy percentage comparisons this year, and hard to do = the same=20 next year if they are not still growing sequentially. Besides, = sequential growth=20 is easier to set my own expectations than some faceless = analyst.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Group RS does not figure into my evaluation, altho = this may be=20 a larger factor in the future if I can chart group performance. But in a = large=20 group, a number of weak performers can still obscure the strength of a = few=20 starting to lead the group higher.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Where an earnings forecast is presented, I want it = to be 30%=20 or higher, preferably much higher</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I am selective in the industries I will consider, = sticking to=20 something I can understand and trust (to at least some = degree)</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Naturally, I want to see a good chart pattern, some = kind of=20 basing formation, or a flat line base.</FONT></DIV> <DIV> </DIV> <DIV>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley<BR></DIV> <BLOCKQUOTE=20 style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: = 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A href=3D"mailto:davewoodbeck@mn.mediaone.net"=20 title=3Ddavewoodbeck@mn.mediaone.net>Dave</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20 href=3D"mailto:canslim@lists.xmission.com"=20 title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> = </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 11, = 2001 6:33=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Filter = Criteria</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D3>Out of all the WON selection criteria = what do you=20 all use as "hard" criteria (hurdles the stock must meet to make your = list)=20 versus "soft" criteria (hurdles that the stock hasn't made but you can = rationalize). I need some consistent method to keep my list at=20 reasonable levels and am looking to the experts as to what they=20 use.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial>Thanks in advance for your=20 advice</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0048_01C182A8.E98AF840-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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