Re: [CANSLIM] canslim-the best system?

From: Gracephyll@cs.com
Subject: Re: [CANSLIM] canslim-the best system?
Date: Mon, 18 Feb 2002 17:52:34 EST

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David,  I often do not contribute because I have so much more to learn than 
to offer.  But here, I can offer some additional information, for whatever 
it's worth.....

In the January 2002 issue of the AAII Journal (American Association of 
Individual Investors) there was an article called "Stock Strategy 
Performance: The Winners and Losers in 2001."  The article opens by 
explaining that for the last four years they have presented and discussed a 
new monthly stock screen on the Stock Screens segment of AAII.com, while 
simultaneously tracking the success and updating the results of all previous 
screens.  At the time of the article they had 50 screens covering a variety 
of investment approaches, ranging from small-cap growth to large-cap value.  
At the beginning of each month they run each screen and produce a table of 
passing companies for each screen, thus constructing a fresh hypothetical 
portfolio for each screen every month.  A stock is sold if it no longer meets 
criteria, and new stocks are added if they qualify. They apply no additional 
screens, and just track the performance of buying and selling each month at 
the month-end closing.  

Their Joseph Piotroski screen (seeking financially strong 
low-price-to-book-value stocks) was the best performing strategy in 2001.  it 
showed a gain of 87.3% in 2001, after having showed a loss of 0.9% on the 
year 2000.

Of note was the following:  "So far, the growth-oriented screen that follows 
the William O'Neil CANSLIM approach has shown some of the most consistent 
strong performance gains: 53.5%, 38.0%, 36.6%, and 28.2% over the last four 
years.  The Martin Zweig screen  is the other long-term standout, with a four 
year gain of 299.7%."

Three cheers for WON's CANSLIM, I say!

Phyllis Grace

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<HTML><FONT FACE=arial,helvetica><BODY BGCOLOR="#ffffff"><FONT  SIZE=2>David, &nbsp;I often do not contribute because I have so much more to learn than to offer. &nbsp;But here, I can offer some additional information, for whatever it's worth.....
<BR>
<BR>In the January 2002 issue of the AAII Journal (American Association of Individual Investors) there was an article called "Stock Strategy Performance: The Winners and Losers in 2001." &nbsp;The article opens by explaining that for the last four years they have presented and discussed a new monthly stock screen on the Stock Screens segment of AAII.com, while simultaneously tracking the success and updating the results of all previous screens. &nbsp;At the time of the article they had 50 screens covering a variety of investment approaches, ranging from small-cap growth to large-cap value. &nbsp;At the beginning of each month they run each screen and produce a table of passing companies for each screen, thus constructing a fresh hypothetical portfolio for each screen every month. &nbsp;A stock is sold if it no longer meets criteria, and new stocks are added if they qualify. They apply no additional screens, and just track the performance of buying and selling each month at the month-end closing. &nbsp;
<BR>
<BR>Their Joseph Piotroski screen (seeking financially strong low-price-to-book-value stocks) was the best performing strategy in 2001. &nbsp;it showed a gain of 87.3% in 2001, after having showed a loss of 0.9% on the year 2000.
<BR>
<BR>Of note was the following: &nbsp;"So far, the growth-oriented screen that follows the William O'Neil CANSLIM approach has shown some of the most consistent strong performance gains: 53.5%, 38.0%, 36.6%, and 28.2% over the last four years. &nbsp;The Martin Zweig screen &nbsp;is the other long-term standout, with a four year gain of 299.7%."
<BR>
<BR>Three cheers for WON's CANSLIM, I say!
<BR>
<BR>Phyllis Grace</FONT></HTML>

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