Re: [CANSLIM] Canslim Evaluation Tool

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Canslim Evaluation Tool
Date: Mon, 25 Mar 2002 10:56:11 -0800

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Mike,

First, I'd like to say thanks for the tool.

I have yet to see anyone else - WON's products included - attempt to do
something so basic as rate a stock directly to the c-a-n-s-l-i-m acronym
attributes. Maybe because it's such a subjective thing that it's easier to
dance around the numbers than really grade a stock based on canslim. The
Stock Evaluator on the IBD site is pretty weak with in that regard. I guess
if they actually graded a stock on ACTUAL IBD canslim data that would be
construed as touting a stock. This is why most of us go to at least 3-5
different places to review a stock or use Daily Graphs where the data is all
there but not exactly spelled out so as to not tout the issue.

I think it's a great tool in addition to several others. Given it's price
(g) I have no complaints and it comes close in some of the canslim criteria
for me. Things like (M)arket direction and (N)ew can be very subjective and
must be reviewed several ways. Come to think of it, lately when I see a high
(L) rating it's usually extended as that is how it got there. I'm of the
consensus of several others here that with data being so immediate, it's
better to look for the gems in rising groups - not at the top.

- -Bill


- ----- Original Message -----
From: "Mike Gibbons" <mike@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Monday, March 25, 2002 10:24 AM
Subject: [CANSLIM] Canslim Evaluation Tool


>
> Since I released this tool to the group on 3/13, I (and my server) have
been
> overwhelmed with the response. 182 of you have used the tool at least once
> and several of you have accessed it frequently. Some of you are using it
> extensively - the current record is 100 stocks analyzed by one list
> subscriber in a single day!
>
> Apart from being pleasantly surprized at the use that many of you are
making
> of it, I'm also surprized that only one of you has questioned the validity
> of the data, and the assumptions that go into the pass/fail ranking. I was
> expecting a lively debate about the definitions of CANSLIM and their
> applicability in the recent market conditions.
>
> For those of you who may have missed it, the link is
> http://www.cwhcharts.com/canslim
>
> Aloha,
>
> Mike Gibbons
> Proactive Technologies, LLC
> http://www.proactech.com
>
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -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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