Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] scans
Date: Mon, 4 Mar 2002 08:49:37 -0600
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Hi Duke,
The MSN Screener is a bit frustrating in that it limits you to 100 names =
and then chooses to display only the top 100 based on its own ranking =
system. I've read the description of their numbers, but still wish =
they'd either let you return all the values or choose which 100 you want =
based on other criteria. Maybe someone else here knows the secret trick =
to make that happen! But in the meantime, at least you can sort the =
results in Excel as you suggest.
I think you're right that prescreening based on *all* the CANSLIM =
requirements for fundamental growth, etc. is restrictive and will yield =
few results. I'm not sure exactly what requirements you used in the =
screener, but after a long downturn in the market and a mini-recession =
over the last year or so, it's going to be hard to find stocks that have =
QoQ growth in both EPS and Revs per the party line. I've been completely =
eliminating all but forward growth in my fundamental screening for the =
time being and letting technicals lead me to the stocks and groups that =
are moving. Once I get those guys in my sights, I'm then running some =
fundamental screens. That's allowed me to focus in on potential =
candidates and work on due diligence while the market sorts itself out. =
I noticed in doing my work this weekend that value still continues to =
rule. That means CANSLIM growth stocks meeting both fundamental *and* =
technical requirements are going to be few and far between. From what I =
see, most of the really strong stocks fundamentally are still =
base-building. When the market's right, these guys will start breaking =
out one after the other. In the meantime, there's a steadily increasing =
number of new highs and decreasing numbers of new lows. We're on the =
right track, anyway!
Katherine
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Monday, March 04, 2002 8:27 AM
Subject: RE: [CANSLIM] scans
Good morning, Katherine:
I just discovered the power of the MSN MoneyCentral screener this =
weekend. I'm curious about the RANK column. After poking through a =
screen I did, it turns out it ranked Market Cap. Is that always the =
case, or can you tell it which column to rank? Not that it's that =
important since you can sort your columns off in Excel!
Combining MSN screen with the screening function at CSFBdirect, my =
online brokerage, I worked over about 2800 stocks this weekend; came up =
with about 20 "potentials"; got NO buys. Is it me, or is CANSLIM so =
refined no stocks will meet the criteria?!?!
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Monday, March 04, 2002 9:02 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] scans
Larry,
Good news...you can set up your watchlist in the MSN MoneyCentral =
stock screener. When you run any scan, the results for your watchlist =
will also show. Just set up the display so that it shows 50 and 200 day =
moving averages. Results can then be exported to Excel.
http://www.moneycentral.msn.com/investor/finder/customstocks.asp
I've uploaded a screen capture that shows how you would set up the =
screener to:
http://WallStreet-LLC.com/pub/MSNScreener.jpg
Katherine
----- Original Message -----=20
From: larry l worden=20
To: canslim@lists.xmission.com=20
Cc: canslim@lists.xmission.com=20
Sent: Sunday, March 03, 2002 11:37 PM
Subject: [CANSLIM] scans
Does anyone know of a Internet sight or investment sight where =
I can
scan a portfolio to see if the stocks are over or under their 50 =
day
average? YAHOO will do this but, you have to put the stock symbols =
in
each time. My list is about 75 stocks.
thanks for any help. Larry
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
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<!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>
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<BODY bgColor=3D#ffffff>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>The MSN Screener is a bit frustrating in that it limits you to 100 =
names=20
and then chooses to display only the top 100 based on its own ranking =
system.=20
I've read the description of their numbers, but still wish they'd either =
let you=20
return all the values or choose which 100 you want based on other =
criteria.=20
Maybe someone else here knows the secret trick to make that happen! But =
in the=20
meantime, at least you can sort the results in Excel as you =
suggest.</DIV>
<DIV> </DIV>
<DIV>I think you're right that prescreening based on *all* the CANSLIM=20
requirements for fundamental growth, etc. is restrictive and will yield =
few=20
results. I'm not sure exactly what requirements you used in the =
screener, but=20
after a long downturn in the market and a mini-recession over the last =
year or=20
so, it's going to be hard to find stocks that have QoQ growth in both =
EPS and=20
Revs per the party line. I've been completely eliminating =
all but=20
forward growth in my fundamental screening for the time being and =
letting=20
technicals lead me to the stocks and groups that are moving. Once I get =
those=20
guys in my sights, I'm then running some fundamental =
screens. That's=20
allowed me to focus in on potential candidates and work on due diligence =
while=20
the market sorts itself out. I noticed in doing my work this =
weekend that=20
value still continues to rule. That means CANSLIM growth stocks meeting =
both=20
fundamental *and* technical requirements are going to be few and far =
between.=20
From what I see, most of the really strong stocks fundamentally are =
still=20
base-building. When the market's right, these guys will start breaking =
out one=20
after the other. In the meantime, there's a steadily increasing number =
of new=20
highs and decreasing numbers of new lows. We're on the right track,=20
anyway!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Ddukemill@tampabay.rr.com =
href=3D"mailto:dukemill@tampabay.rr.com">Duke=20
Miller</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> Monday, March 04, 2002 =
8:27=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
scans</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D943122214-04032002><FONT face=3DArial>Good morning, =
Katherine:</FONT></SPAN></DIV>
<DIV><SPAN class=3D943122214-04032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D943122214-04032002><FONT face=3DArial>I just =
discovered the=20
power of the MSN MoneyCentral screener this weekend. I'm curious =
about=20
the RANK column. After poking through a screen I did, it turns =
out it=20
ranked Market Cap. Is that always the case, or can you tell it =
which=20
column to rank? Not that it's that important since you can sort =
your=20
columns off in Excel!</FONT></SPAN></DIV>
<DIV><SPAN class=3D943122214-04032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D943122214-04032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D943122214-04032002><FONT face=3DArial>Combining MSN =
screen with=20
the screening function at CSFBdirect, my online brokerage, I worked =
over about=20
2800 stocks this weekend; came up with about 20 "potentials"; got NO=20
buys. Is it me, or is CANSLIM so refined no stocks will meet the =
criteria?!?!</FONT></SPAN></DIV>
<DIV><SPAN class=3D943122214-04032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D943122214-04032002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px =
solid; MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Katherine=20
Malm<BR><B>Sent:</B> Monday, March 04, 2002 9:02 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
scans<BR><BR></FONT></DIV>
<DIV>Larry,</DIV>
<DIV> </DIV>
<DIV>Good news...you can set up your watchlist in the MSN =
MoneyCentral stock=20
screener. When you run any scan, the results for your watchlist will =
also=20
show. Just set up the display so that it shows 50 and 200 day moving =
averages. Results can then be exported to Excel.</DIV>
<DIV> </DIV>
<DIV><A=20
=
href=3D"http://www.moneycentral.msn.com/investor/finder/customstocks.asp"=
>http://www.moneycentral.msn.com/investor/finder/customstocks.asp</A><A=20
=
href=3D"http://www.moneycentral.msn.com/investor/finder/customstocks.asp?=
tools=3Dstandard&target=3D%2Finvestor%2Ffinder%2Fcustomstocks%2Easp">=
</A></DIV>
<DIV> </DIV>
<DIV>I've uploaded a screen capture that shows how you would set up =
the=20
screener to:</DIV>
<DIV> </DIV>
<DIV><A=20
=
href=3D"http://WallStreet-LLC.com/pub/MSNScreener.jpg">http://WallStreet-=
LLC.com/pub/MSNScreener.jpg</A></DIV>
<DIV> </DIV>
<DIV>Katherine<BR></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=3Dworden33@juno.com =
href=3D"mailto:worden33@juno.com">larry l=20
worden</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Cc:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, March 03, =
2002 11:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
scans</DIV>
<DIV><BR></DIV> Does anyone know of a Internet =
sight or=20
investment sight where I can<BR>scan a portfolio to see if the =
stocks are=20
over or under their 50 day<BR>average? YAHOO will do this but, you =
have to=20
put the stock symbols in<BR>each time. My list is about 75=20
stocks.<BR> thanks =
for any=20
help. =
Larry<BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): Re: [CANSLIM] scans "Tom Worley"
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