Re: [CANSLIM] Industry analysis technique/tools? Was: Point of View: Why bother with fundamentals?

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Industry analysis technique/tools? Was: Point of View: Why bother with fundamentals?
Date: Thu, 20 Dec 2001 20:08:38 -0600

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The workbook has already been posted once, albeit a little damaged.  And I
might add that it took many hours to set up and will continue to take much
time to keep it current and useful.

Norm

- ----- Original Message -----
From: "John Adair" <xjadair@brightok.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, December 20, 2001 7:56 PM
Subject: RE: [CANSLIM] Industry analysis technique/tools? Was: Point of
View: Why bother with fundamentals?


> Hi Jerry
> Is there any chance you plan to share the ss with the list?
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jerry Sparrow
> Sent: Thursday, December 20, 2001 1:55 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] Industry analysis technique/tools? Was: Point of
> View: Why bother with fundamentals?
>
> I am in the procees of reworking an excel file that Norman had started
> showing Industry Groups.  I am going back to use ratings from the Tuesday
> edition of the paper as it appears that this may be best.  The workbook
also
> includes a graph for each industry.  I plan on updating the sheet every
> Tuesday night to graphically show which industries are moving up.  I have
> compiled information back to August, just haven't got it all typed in.
> Maybe I'll get time over the break to finish.
> ----- Original Message -----
> From: "Warren Keuffel" <wkeuffel@xmission.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, December 20, 2001 1:15 PM
> Subject: Re: [CANSLIM] Industry analysis technique/tools? Was: Point of
> View: Why bother with fundamentals?
>
>
> > Katharine,
> >
> > I gather that when you see an interesting stock you then examine the
> > industry to see if the other players are coming along also (as described
> > below).  My question to you is, do you do any kind of industry analysis
> > where you find promising industries and then look for candidate stocks
> > within that industry?  I would call this a bottom-up approach.
> >
> > The primary reason I raise this question is that I am trying to figure
> > out how best to use the daily IBD industry ranking table.  I know there
> > are a few WON comments on investors.com about this, but the big question
> > for me is whether it would be worthwhile for me to invest time and
> > energy into tracking the daily or weekly movement of those 197 groups to
> > see patterns (if any) developing.  This would be what I would call a
> > top-down approach.
> >
> > Thanks,
> > Warren
> >
> > Katherine Malm wrote:
> >
> > > Hi John, >>The last paragraph seems indicate you do use fundamentals
> > > and sector rotation for your screening. Then youuse total technical
> > > analysis from that point including exits. Correct?<< That is for the
> > > most part correct, though industry analysis (sector rotation) enters
> > > in both screening and in buy/sell decisions. I look for something with
> > > a fundamental story and if I like it, I watch it until the industry
> > > and technical analysis stars align. As part of my buy review process,
> > > I look at the action in all players in the industry. This will help
> > > ensure that the industry is not topping out, even though the buy
> > > candidate looks technically sound. I also look at industry players to
> > > be sure that moves off the bottom show that at least 2 strong stocks
> > > are moving. One alone, and I wait. Once I own a stock, part of my sell
> > > rules include continued review of other stocks in the industry. If
> > > they begin breaking down, but my holding is strong, it goes on
> > > warning. If other technical warning signs kick in, out it goes. My
> > > entries and exits are definitely driven by technicals. There are
> > > times, however, where fundamentals do play a hand in my sell rules:
> >
> >
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