Re: [CANSLIM] Testing Smart Money Screening Tool

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: Re: [CANSLIM] Testing Smart Money Screening Tool
Date: Sun, 21 Apr 2002 17:46:13 -0600

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Patrick,

The 5-year earnings and market cap figures come straight from HTMMIS, 
but perhaps the new (forthcoming) edition will have a different rule. 
This tool doesn't cost anywhere near what QP2 does so it doesn't have 
any filters for prices related to MAs. However, I might be able to do 
that with ProTrader in VV. Gotta check that out, thanks for the suggestion.

BTW here's WON on the subject: "more than 95% of the companies had fewer 
than 25M shares in their cap when they had their greatest period of 
earnings improvement and stock market performance. The avg cap of top 
performing listed stocks from 1970 thru 1982 was 11.8M shares." Maybe it 
really *is* different now.

Warren

Patrick Wahl wrote:

>
>On 21 Apr 2002 at 12:08, Warren Keuffel wrote:
>
>>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%
>>
>>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.
>>
>
>A few thoughts: bump the market cap up to about a billion or so, that isn't that large 
>these days, unless you are really shooting for just the midget caps, cut the earnings 
>growth down from 5 years to 1 year, but that is a good percentage to use, and also 
>add a check for revenue growth, maybe greater than 25%.  5 years is a very long 
>time to sustain that sort of growth, you are going to filter out a lot of companies with 
>that time frame.  Another thing I do in my quotes plus scan is something like Close 
>within 20% of 52 week high (or some percentage), and close > the 50 day moving 
>average, just so your scan isn't kicking out some dogs, performance-wise.
>
>
>
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