Go to Jeff Salisbury LWGate Home Page.From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] My Market Guide CANSLIM screen
Date: 24 Jan 2002 13:01:32 -0800
Next Article (by Subject): Re: [CANSLIM] PSFT: More accounting shenanigans? "Tom Worley"
Previous Article (by Subject): Re: [CANSLIM] Market --> How are your watchlists doing? "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
Less than 25M shares outstanding is almost microcap country. I use less
than 50 million but have bot 100-550 million in a very good big-cap M. Also
5 yr growth can go as low as 18%.
At 06:17 PM 1/21/2002 -0800, you wrote:
>All,
>
>I've been playing around with Market Guide quite a bit the past few weeks.
>I built a screen that I thought would yield a list of CANSLIM candidates
>for further research. Here are my screening criteria and the number of
>stocks left after each (Market Guide has 9385 companies in its database):
>
> Criteria Results
> 1 {EPS%ChgPYQ}>=25 <javascript:doResults(1);>1103
> 2 {Sales%ChgPYQ}>=25 <javascript:doResults(2);>310
> 3 {EPS%ChgPYQ}>{EPS%ChgTTM}.AND.{EPS%ChgTTM}>0
> <javascript:doResults(3);>103
> 4 {EPS5YCGr%}>=25 <javascript:doResults(4);>33
> 5 {EPS3YCGr%}>=25 <javascript:doResults(5);>16
> 6 {ShsOutMR}<=25 <javascript:doResults(6);>6
> 7 {Price}>=10 <javascript:doResults(7);>4
>
>I was disappointed that my screen only left me with 4 stocks, one of which
>is in deep doo-doo with the SEC (CHEZ). I think the shorthand should be
>decipherable, but just in case it's not:
>
>EPS%ChgPYQ = Quarter over Quarter % Change in EPS
>Sales%ChgPYQ = Quarter over Quarter % Change in Sales
>EPS%ChgTTM = Trailing twelve months % Change in EPS from previous TTM
>EPS5YCGr% = EPS 5-year growth rate (%)
>EPS3YCGr% = EPS 3-year growth rate (%)
>ShsOutMR = Shares outstanding (mill.)
>
>The 3rd criterion was my attempt to seek companies with recently
>increasing earnings.
>
>I think these criteria are true to CANSLIM as taught by WON/IBD, no? In
>fact, I think WON recommends a share price cut-off of 15 instead of the 10
>I'm using. If I relax all of the % Change criteria from 25 to 20, I get 5
>more companies. Assuming my criteria are truly CANSLIMish, I suppose it
>means that CANSLIMmers should be on the sidelines at least until this
>round of earnings reports comes in.
>
>btw, the other 3 stocks (besides CHEZ) that meet the 25% criteria are
>ACRT, MGAM & TARO. The additional 5 that meet the 20% growth criteria are
>DKWD, ICUI, MINI, PENN & SCOR.
>
>Please tell me if/where I'm missing the boat here.
>
>Thanks,
>Mike
Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] PSFT: More accounting shenanigans? "Tom Worley"
Previous Article (by Subject): Re: [CANSLIM] Market --> How are your watchlists doing? "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]