Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] VectorVest fundies
Date: Sat, 9 Mar 2002 22:07:34 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0004_01C1C7B6.D0CF33E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Patrick, For the VV ProGraphics which I use and described in my message to = Warren, there is no initial cost. There is a monthly subscription fee = that is all inclusive. No additional fees for data feeds, etc, as = everything you need is downloaded to your PC. (There is also an online = version, but I prefer the PC based product. I have access to both for my = monthly fee) $49/month for daily updates, $39/month for weekly updates. = (discounts for yearly subscriptions). Basic graphing capabilities = including price/volume, moving averages, graphing all parameters over = time, etc. is inclusive. (http://www.vectorvest.com/VVPGDetail2.htm) My = extended database has data back to '95. The optional super-souped-up technical add-on (ProTrader) has a one time = charge (I think it's about $295) but there are no fees after that, as = all the data is pulled from ProGraphics. = (http://www.vectorvest.com/VVPTDetail2.htm) My understanding is that = those who are in love with TC2000, MetaStock, etc. will find ProTrader = somewhat lacking. It still has some pretty incredible things....but = technicians-at-heart love what they love. No hidden charges...never any upgrade fees (I've been using it since = early '98)... great technical support by phone and/or email. You can order a 5 week trial for $9.95. (I would be remiss not to = mention that I get credit for referrals but you have to mention me by = name when you order) End of pitch...no connection to VV, just a very = happy long term user who's learned to make the product sing. As a CANSLIMer, I think that you could use VV and then supplement it = with free fundamental resources on the web. But, if you're a fundamental = junkie, then I think it is useful to supplement it with something like = QP2 (or its derivative products) or DGO. Since I don't care about = *mining* on raw fundamentals, I think DGO is the better option, as all = the proprietary IBD indicators are readily available. Katherine PS There are also some articles at the VV site which describe in greater = detail some of what I wrote about in my original note to Warren. = http://www.vectorvest.com/specialreports.htm ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Saturday, March 09, 2002 9:26 PM Subject: Re: [CANSLIM] VectorVest fundies What does it cost - initially and per month? On 9 Mar 2002 at 19:01, Katherine Malm wrote: > Hi Warren, >=20 > It's difficult to do justice to the VV tool in a few paragraphs, but = I will try and address your question in a way that shows how VV is = different from tools such as QP2 (and tools built on its engine and/or = MarketGuide fundamental data elements) and/or other tools that = incorporate varying=20 degrees of technical analysis. >=20 > It is true the VV does not have the raw historical fundamental data = and it is for this and a couple of other reasons that I supplement it = with DGO. Instead of providing the raw numbers, VV devotes its engine to = looking for relationships between variables. The foundational parameters = are built=20 on long-standing stock-valuation techniques in which the value of a = stock is determined by the present value of a future earnings stream = given a particular growth rate in future earnings and a given interest = and inflation rate. This valuation is then combined with the past = profitability=20 characteristics of the company--essentially the return on total = capital employed. The final valuation is then compared to present price = action and the expected return on the stock over time is compared to the = return on a AAA bond. While the specifics are proprietary (just as are = the specifics of=20 DGO's A/D, GRS, SMR, etc.), the formulations are discussed in the = manual. In short, this allows you to compare any stock in the database = against another to determine the relative value (RV) of the stock. In = addition to the RV, there is also a relative safety (RS) factor which = takes not only the=20 traditional measure of volatility (beta--a price based measure) but = also the past fundamental volatility/safety of the stock. For example, = D/E ratio, longevity of the business, persistence of profitability and = growth in earnings, etc. etc. All of these factors are once again = combined so that any=20 one stock can be compared against another. Essentially, VV pares down = all the raw past fundamental data and the future expected fundamentals = into a couple of numbers for you. When I look at a stream of raw = fundamentals, this is what I'm doing mentally...assessing growth = patterns, repeatability,=20 etc. So, no, you could not do a search on QoQ growth rates of x in the = same way you can in QP2. From a technical perspective, there is once = again a summary technical price indicator called relative timing (RT) = which is difficult to describe without a white paper. But, it = essentially takes the=20 price movement over the last 13 weeks and the velocity of the price = movement in more recent periods and then normalizes it for values = between 0 and 2. Once again, this allows comparison of any one stock = against another. (There are many more parameters, but these are the most = important). From a=20 CANSLIM perspective, the parameter most important is the projected = forward growth rate of the company. Without a doubt, this one factor = (based on forward EPS estimates, also given) is the fastest way to zoom = in on CANSLIM quality companies and as far as I've been able to = determine, no other=20 software package has anything close. >=20 - -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_0004_01C1C7B6.D0CF33E0 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 Patrick,</DIV> <DIV> </DIV> <DIV>For the VV ProGraphics which I use and described in my message to = Warren,=20 there is no initial cost. There is a monthly subscription fee that is = all=20 inclusive. No additional fees for data feeds, etc, as everything you = need is=20 downloaded to your PC. (There is also an online version, but I prefer = the PC=20 based product. I have access to both for my monthly fee) $49/month = for=20 daily updates, $39/month for weekly updates. (discounts for yearly=20 subscriptions). Basic graphing capabilities including price/volume, = moving=20 averages, graphing all parameters over time, etc. is inclusive. (<A=20 href=3D"http://www.vectorvest.com/VVPGDetail2.htm">http://www.vectorvest.= com/VVPGDetail2.htm</A>)=20 My extended database has data back to '95.</DIV> <DIV> </DIV> <DIV>The optional super-souped-up technical add-on (ProTrader) has a one = time=20 charge (I think it's about $295) but there are no fees after that, as = all the=20 data is pulled from ProGraphics. (<A=20 href=3D"http://www.vectorvest.com/VVPTDetail2.htm">http://www.vectorvest.= com/VVPTDetail2.htm</A>)=20 My understanding is that those who are in love with TC2000, MetaStock, = etc. will=20 find ProTrader somewhat lacking. It still has some pretty incredible=20 things....but technicians-at-heart love what they love.</DIV> <DIV> </DIV> <DIV>No hidden charges...never any upgrade fees (I've been using it = since early=20 '98)... great technical support by phone and/or email.</DIV> <DIV> </DIV> <DIV>You can order a 5 week trial for $9.95. (I would be remiss not to = mention=20 that I get credit for referrals but you have to mention me by name when = you=20 order) End of pitch...no connection to VV, just a very happy long term = user=20 who's learned to make the product sing.</DIV> <DIV> </DIV> <DIV>As a CANSLIMer, I think that you could use VV and then supplement = it with=20 free fundamental resources on the web. But, if you're a fundamental = junkie, then=20 I think it is useful to supplement it with something like QP2 (or its = derivative=20 products) or DGO. Since I don't care about *mining* on raw = fundamentals, I=20 think DGO is the better option, as all the proprietary IBD indicators = are=20 readily available.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <DIV> </DIV> <DIV>PS There are also some articles at the VV site which describe in = greater=20 detail some of what I wrote about in my original note to Warren. <A=20 href=3D"http://www.vectorvest.com/specialreports.htm">http://www.vectorve= st.com/specialreports.htm</A></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=3Dpjwahl@attbi.com href=3D"mailto:pjwahl@attbi.com">Patrick = Wahl</A>=20 </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> Saturday, March 09, 2002 = 9:26=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = VectorVest=20 fundies</DIV> <DIV><BR></DIV>What does it cost - initially and per month?<BR><BR>On = 9 Mar=20 2002 at 19:01, Katherine Malm wrote:<BR><BR>> Hi Warren,<BR>> = <BR>>=20 It's difficult to do justice to the VV tool in a few paragraphs, but I = will=20 try and address your question in a way that shows how VV is different = from=20 tools such as QP2 (and tools built on its engine and/or MarketGuide=20 fundamental data elements) and/or other tools that incorporate varying = <BR>degrees of technical analysis.<BR>> <BR>> It is true the VV = does not=20 have the raw historical fundamental data and it is for this and a = couple of=20 other reasons that I supplement it with DGO. Instead of providing the = raw=20 numbers, VV devotes its engine to looking for relationships between = variables.=20 The foundational parameters are built <BR>on long-standing = stock-valuation=20 techniques in which the value of a stock is determined by the present = value of=20 a future earnings stream given a particular growth rate in future = earnings and=20 a given interest and inflation rate. This valuation is then combined = with the=20 past profitability <BR>characteristics of the company--essentially the = return=20 on total capital employed. The final valuation is then compared to = present=20 price action and the expected return on the stock over time is = compared to the=20 return on a AAA bond. While the specifics are proprietary (just as are = the=20 specifics of <BR>DGO's A/D, GRS, SMR, etc.), the formulations are = discussed in=20 the manual. In short, this allows you to compare any stock in the = database=20 against another to determine the relative value (RV) of the stock. In = addition=20 to the RV, there is also a relative safety (RS) factor which takes not = only=20 the <BR>traditional measure of volatility (beta--a price based = measure) but=20 also the past fundamental volatility/safety of the stock. For example, = D/E=20 ratio, longevity of the business, persistence of profitability and = growth in=20 earnings, etc. etc. All of these factors are once again combined so = that any=20 <BR>one stock can be compared against another. Essentially, VV pares = down all=20 the raw past fundamental data and the future expected fundamentals = into a=20 couple of numbers for you. When I look at a stream of raw = fundamentals, this=20 is what I'm doing mentally...assessing growth patterns, repeatability, = <BR>etc. So, no, you could not do a search on QoQ growth rates of x in = the=20 same way you can in QP2. From a technical perspective, there is once = again a=20 summary technical price indicator called relative timing (RT) which is = difficult to describe without a white paper. But, it essentially takes = the=20 <BR>price movement over the last 13 weeks and the velocity of the = price=20 movement in more recent periods and then normalizes it for values = between 0=20 and 2. Once again, this allows comparison of any one stock against = another.=20 (There are many more parameters, but these are the most important). = From a=20 <BR>CANSLIM perspective, the parameter most important is the projected = forward=20 growth rate of the company. Without a doubt, this one factor (based on = forward=20 EPS estimates, also given) is the fastest way to zoom in on CANSLIM = quality=20 companies and as far as I've been able to determine, no other = <BR>software=20 package has anything close.<BR>> <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.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0004_01C1C7B6.D0CF33E0-- - - - -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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