Re: [CANSLIM] Testing Smart Money Screening Tool

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Testing Smart Money Screening Tool
Date: Sun, 21 Apr 2002 23:59:38 -0400

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Hi Warren,

I would expand the market cap criteria. Personally, in my search for
overlooked small and micro caps, I go up to $650 million on the cap.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To: "CANSLIM list" <canslim@lists.xmission.com>
Sent: Sunday, April 21, 2002 2:08 PM
Subject: [CANSLIM] Testing Smart Money Screening Tool


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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