Re: [CANSLIM] CANSLIM jc

From: Dimitri Katsaros <dcka@yahoo.com>
Subject: Re: [CANSLIM] CANSLIM jc
Date: Sat, 20 Apr 2002 10:08:15 -0700 (PDT)

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Hello John,

Great introduction! I'm just learning the system and I
find your checklist jives with most of what I've found
online at investors.com, in HTMMIS, and 24 Essential
Lessons.

Of the 13 rules you have there are a couple I'd like
to comment on/ask you about:

> 1.    Number of shares           less than 60
million

Recently, WON has changed his views on market cap....
he now prefers to see volume of 200,000 or greater
(for liquidity's sake) rather than cap. Additionally,
he recommends looking at the small cap vs. big cap
graph in the mutual funds section to see what the
market is currently favoring.

> 4.    Debt                        0
> 8.    MGMT Owns                  20+              

As to debt, I agree it's a good idea but don't know
where WON refers to it. As to MGMT ownership, I know
he stated that there should be a significant amount,
but never pegged down a number... did you get 20+ from
somewhere in particular that I missed?

> 11.   PE                        100-

I'm curious to see where you got this criterion as
everything I've read by WON indicates that the only
reason to use PE is if it has gone up 120-130% or more
since its last pivot as a sell signal. Other than
that, he seems unconcerned with PE.

Thanks
Dimitri

=====
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