RE: [CANSLIM] Pick list game (well my own)

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Pick list game (well my own)
Date: Sun, 10 Mar 2002 18:51:50 -0500
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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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