Re: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02
Date: Tue, 29 Jan 2002 12:21:19 -0500

Next Article (by Author): Re: [CANSLIM] Another Andersen client Warren Keuffel
Previous Article (by Author): Re: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02 "Tom Worley"
Top of Thread: Re: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02 "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

Hi Eric,

I should have looked at the stocks you mention first, as it answered the
question on whether it picks up stocks "breaking out" but still below the 12
month high.

After looking over the list, I question the time period you are using. For
example, TVLY did b/o, but from only a 2 week base, and remains well under a
4 week high, not to mention the 12 month high.

Likewise, ACE, WY and AMZN to me are simply reversal patterns, not
breakouts. In other words, a smart investor could not have spotted these,
entered them wisely, and enjoy the benefit of the reversal.

I would also question the value of this for CANSLIM investing. I did not
notice any that would qualify on primary CANSLIM criteria such as RS or EPS
or GRS. If you don't incorporate that, then this would seem to be nothing
more than momentum screening after the fact.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Tom Worley" <stkguru@netside.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, January 29, 2002 11:36 AM
Subject: Re: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02


> Eric,
>
> You don't mention when you generated this list, but assuming it included
> yesterday's trading, it seems to miss the small caps. Are you filtering
> these out on price / volume? Some examples from yesterday include LB and
> ELTE.
>
> Also, will this pick up b/o that don't set a new high? (examples: PCIS,
> AIRM).
>
> Tom Worley
> stkguru@netside.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Tangen, Eric" <tangene@tycoelectronics.com>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, January 29, 2002 11:08 AM
> Subject: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02
>
>
> > Hello All,
> >
> > After about 6 months of development, I've developed a breakout scanning
> > capability based entirely on statistics of price and volume.
> >
> > ETsPVWwSNC is a scan I've developed; it stands for ET's Price Volume
> Winners
> > with Serious Number Crunching.
> >
> > The only thing that is CANSLIM related to this methodology is that it is
> > looking for a breakout. No fundies, no cup and handles, little to no
chart
> > pattern reading, no scan for % institutional sponsorship, etc.
> >
> > I'm not going to divulge the details of my work - too much time and
effort
> > went into this to give it away. And its still a work in progress. I've
got
> > some serious backtesting I've got to code up for - I can't quote you a
> > figure for the reliability of these breakouts.
> >
> > For now, I will share ticker symbols.
> >
> > Here's yesterdays results:
> >
> > Monday - 01/28/02
> > ACE
> > AMZN
> > CTX
> > LTD
> > MERQ
> > PSSI
> > PX
> > SGM  (my favorite chart of the bunch)
> > TVLY
> > WY
> >
> > I'm neutral to somewhat positive on the broad market averages.
> >
> > ERIC TANGEN
> >
> >
> >
> >
> >
> > -
> > -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.

Go to Jeff Salisbury LWGate Home Page.