[CANSLIM] pick a stock-watchlist

From: "david frank" <camelot.homes@charter.net>
Subject: [CANSLIM] pick a stock-watchlist
Date: Sun, 10 Mar 2002 18:24:49 -0600
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personally, i believe each watch list should be small. each one of us
probably have a watch list of 5 to 20 stocks. a member can-perhaps- mention
only 1 of their stocks-thereby it doesn't compromise their secret list. it
would be interesting to see if one of these stocks- after a few weeks or
months -goes up 50-100-200%. thereby, this would be a fact! and no baloney,
no monday morning quarterbacking, or over-analysis of a stock. david
- ----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, March 10, 2002 5:51 PM
Subject: RE: [CANSLIM] Pick list game (well my own)


> John,
>
> You're right, there was a lot of discussion.  With the exception of a few,
> it seems the general sentiment is let's keep the status quo--a general
> discussion of CANSLIM principals, variations, etc.  I pretty much dropped
> the issue, because I sensed formalizing a list of high potential stocks
> nominated by various members might be forcing a program that's
inconsistent
> with the overall theme of canslim@lists.
>
> HOWEVER, I also recall the email introducing me to the list urging all
> members to feel free to experiment.  With that in mind....Shall we
> experiment with a show of hands? Those that don't want to participate
don't
> have to; it's actually no different than any other issue herein, right?
>
> To those new to this concept...in its simplest (KISS) form we're talking
> about developing an ongoing list of high-potential CANSLIM candidates.
Each
> participant (nominator) would submit up to five candidates (nominees) for
> inclusion on the list.  We could agree on a very basic set of criteria
each
> stock must FIRST meet to make the list. You know, WON basics: ROE >15%,
low
> or no debt, price >$12, RS and ES >70, last quarter profit >+20%, shares
> outstanding <100,000.  After that it's up to the "nominator" to extol the
> virtues of his or her nominee(s).
>
> Once a week we can update the criteria (I'll keep the list to start) and
> post based on some pre-determined ranking.  In keeping with the spirit of
> this forum, the nominees on the list are certainly open for comment by
> anyone (participants or not) at anytime.  I suggest, however, for the sake
> of minimizing time issues, ONLY the nominator can remove a stock from the
> list.  For example: I submit a stock and it gets bashed twenty ways from
> Sunday by list members, but I still believe in  it, so it stays.  Or...the
> stock gets lots of positive feedback but gaps down on the hiring of
Jeffrey
> Skilling as CEO...I cry uncle and yank it.
>
> To keep it under control, I'd suggest no more than 5 stocks from any one
> nominator is manageable. If you see something you like better than your
> original five, YOU decide which to pull to make room for your new
> contender...you know, same as with a CANSLIM portfolio!
>
> I think the biggest issue when I first presented this was and still is
some
> members' reluctance to share their picks or holdings.  Which is perfectly
> OK.  But let's keep in mind, these are not PICKS.  They're stocks worth
> watching that we're placing in an open forum for discussion purposes in
the
> interest of learning CANSLIM (by doing).  I find the prospect
> exciting--mutually dissecting (read: arguing!) the style (cup/handle,
double
> bottom, etc.), the action, the criteria, etc.
>
> I would hope that those that don't actively nominate candidates continue
to
> add input about various stocks as discussed on the list from time to time,
> as they have in the past.  And PLEASE...it's an experiment.  Maybe it will
> even be fun!  Maybe it will die a natural death.  You decide.
>
> Okay...time to put up or shut up.  John's obviously in.  Chris is in.  I'm
> in.  Who else wants in? Next Sunday, I'll publish the official tally of
> participants.  If it's five or more, I say we give it a try.
>
> After all is said and done, the worst possible scenario is we all come
away
> with a better understanding of CANSLIM and how it responds to real life
> situations.
>
> Duke
>
>
>
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Hobbs
> > Sent: Saturday, March 09, 2002 5:10 PM
> > To: canslim@lists.xmission.com
> > Subject: [CANSLIM] Pick list game (well my own)
> >
> >
> > Hello,
> >
> > Several weeks ago there was a lot of discussion about picking stocks and
> > keeping track of them, i think Duke started it, well anyway that's what
i
> > remember.
> >
> > Nothing ever really happened to generate a game list, but i did
> > screen some
> > stocks, below are the results after two weeks, i did another screen to
get
> > rid of ones with very high insider ownership.
> >
> > Stock picks 02 24 02 percent change ending 3 8 02
> > Original list cut back, now < 60% held by insiders, i think that's still
a
> > lot, oh well.
> >
> >
> > ACAI -2.2
> > ATH -0.1
> > BYD 13.0
> > DMCX 6.5
> > FCH 7.0
> > GCO 11.2
> > IAIA 18.3
> > INVN 9.5
> > ITLA -1.2
> > MBG 2.7
> > MGAM 12.7
> > MKT -4.7
> > MME -5.4
> > PORT 3.2
> > RAH 1.3
> > RKY 4.5
> > SCVL -4.4
> > WEBK -1.4
> >
> > Total  3.9 percent gain
> >
> > No. of stocks sold, = 0 (criteria -8% drop)
> >
> >
> > -
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>
>
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