Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] BUY CANDIDATES
Date: Mon, 18 Feb 2002 10:44:41 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_00B8_01C1B869.44FD1C80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, One method that I've found helpful during "the tough times" is to cast = my net wide when seeking out buy candidates. I use forward growth rate = (>=3D15%), price (>=3D10) and volume (>=3D90000) as the only = requirements for a "first pass." I call these my "basic criteria" and I = think each person would define these very differently. What that does = for me is to keep me in the right sector of the sea, but doesn't blind = me to all the good looking fish in the area. The next pass I take restricts only based on minimal technical strength. = I look for RS>=3D60, >=3D200 day moving average and no more than 15% = below the 50 day moving average. It's surprising what interesting stocks = show up by keeping to these simple filters. Beyond that, the method you = employ to sort through the fish you catch is a matter of preference. Katherine ----- Original Message -----=20 From: Davellil5@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, February 17, 2002 10:21 AM Subject: [CANSLIM] BUY CANDIDATES I belong to an investment club in which I hear dissatisfaction with = CANSLIM=20 methodology because it says, "No", so often these days -- and produces = so few=20 buy candidates. I tell them that's exactly what one should expect from a rational = stock=20 selection system in this spooky market. Yet, there are stocks that buck the market and even buck their own = industry=20 groups, to make substantial gains. My problem is finding a fruitful = hunting=20 ground for such stocks, i.e., a hunting ground that, under existing = market=20 conditions, maximizes the number of buy candidates I find for the = amoount of=20 effort I expend in screening and research. Any suggestions would be most gratefully received. Dave Schwartz davellil5@aol.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. - ------=_NextPart_000_00B8_01C1B869.44FD1C80 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 http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Dave,</DIV> <DIV> </DIV> <DIV>One method that I've found helpful during "the tough times" is to = cast my=20 net wide when seeking out buy candidates. I use forward growth rate = (>=3D15%),=20 price (>=3D10) and volume (>=3D90000) as the only = requirements for a=20 "first pass." I call these my "basic criteria" and I think each = person=20 would define these very differently. What that does for me is = to keep me in=20 the right sector of the sea, but doesn't blind me to all the good = looking fish=20 in the area.</DIV> <DIV> </DIV> <DIV>The next pass I take restricts only based on minimal technical = strength. I=20 look for RS>=3D60, >=3D200 day moving average and no more than 15% = below the=20 50 day moving average. It's surprising what interesting stocks show up = by=20 keeping to these simple filters. Beyond that, the method you employ to = sort=20 through the fish you catch is a matter of preference.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3DDavellil5@aol.com=20 href=3D"mailto:Davellil5@aol.com">Davellil5@aol.com</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, February 17, 2002 = 10:21=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] BUY = CANDIDATES</DIV> <DIV><BR></DIV>I belong to an investment club in which I hear = dissatisfaction=20 with CANSLIM <BR>methodology because it says, "No", so often these = days -- and=20 produces so few <BR>buy candidates.<BR><BR>I tell them that's exactly = what one=20 should expect from a rational stock <BR>selection system in this = spooky=20 market.<BR><BR>Yet, there are stocks that buck the market and even = buck their=20 own industry <BR>groups, to make substantial gains. My problem = is=20 finding a fruitful hunting <BR>ground for such stocks, i.e., a hunting = ground=20 that, under existing market <BR>conditions, maximizes the number of = buy=20 candidates I find for the amoount of <BR>effort I expend in screening = and=20 research.<BR><BR>Any suggestions would be most gratefully=20 received.<BR><BR>Dave Schwartz<BR><A=20 = href=3D"mailto:davellil5@aol.com">davellil5@aol.com</A><BR><BR><BR>-<BR>-= To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_00B8_01C1B869.44FD1C80-- - - - -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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