[CANSLIM] Testing Smart Money Screening Tool

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: [CANSLIM] Testing Smart Money Screening Tool
Date: Sun, 21 Apr 2002 12:08:43 -0600

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Hey, I signed up for a two week free trial of a financial site run by 
Smart Money. Looking through HTMMIS I created a screen with these 
CANSLIM parameters:

A -- 5 Yr earnings growth % >= 25%
C -- Quarterly earnings % (compared to same qtr previous year) >= 25%
I -- Institutional ownership < 40%
S -- Market Cap < $200M
S -- Debt as % of total cap < 50%

It gave me back 10 stocks

EMBX
CNTL
VLGEA
FRS
XNR
HITK
PMFG
HANS
TRAK
TOF

I have not looked at the charts for these bad boys, or done any further 
DD, but I am curious what comments you might have about (a) screening in 
this manner; (b) the screening parameters (numbers) I used; and (c) 
which, if any, parameters would you drop, add or change.

Obviously these parameters are very tight but I did that deliberately so 
as to create a hit list of manageable size for this message. For a 
real-world exercise I would loosen the parameters somewhat and conduct 
more DD.

Warren


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