RE: [CANSLIM] Curious in Florida

From: "Mike Gibbons" <mike@proactech.com>
Subject: RE: [CANSLIM] Curious in Florida
Date: Wed, 8 May 2002 22:59:42 -1000
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MessageHi Duke,

re: (FYI:  Yes, there are 11 criteria on the Evaluator, but I throw out
N--the fact a stock appears within the past 7 days on a Watch List is
immaterial for ranking purposes, IMHO.)

Wouldn't the fact that it's in a handle be an additional indicator that the
stock is worth evaluating? Just asking, I only do the programming around
here.

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller
  Sent: Wednesday, May 08, 2002 5:02 AM
  To: CANSLIM
  Subject: [CANSLIM] Curious in Florida


  Good morning all:

  Since most of you know how I feel about present market environment, you'll
be glad to know this isn't about that.  It's about AFTER "that!"  I'll
explain:

  Each day, I download the Excel version of the Daily Screen from IBD.  Then
I "play" with it for awhile.  I sort various aspects to my personal
preferences: Industry Group Rank (eliminating all above 40); SMR
(eliminating all at C or worse); and so forth.  Then I may sort them by
other factors--combined RS & EPS Ratings or Index of Current PE vs.
Projected--to arrive at a  another cutoff point.  After all that, I put the
remnants into a portfolio with that day's price.  Then I follow the action.

  What I'm seeing is an amalgam of stocks, the majority of which keep
re-appearing in my final cuts.  Some, more than I care to mention, I was
shaken out of earlier this year before going to all cash; some, more than I
care to mention, I wish I'd jumped on.  They're the ones that when I should
have jumped on them (I don't have 20-20 hindsight like IBD does) the right
criteria weren't present (usually the darn charts).  But the fact remains,
many of the same symbols are there.  And they aren't going away!

  Further, on May 6, a truly awful day on all three of the big indexes, I
reviewed my Daily Screens portfolios to see which stocks suffered the least.
The list read like a who's-who of my Daily Screens Portfolios.

  So, here's my question:  If these same names are hanging around like they
are, day in and day out for several months now, both on my sorted screens
and in IBD editorial, does it stand to reason that when the market turns,
these stocks that have exhibited such strength in a bad market should be the
BIG winners when M starts to head North?

  I, like all of you, hear over and over again that we should be watching
for stocks forming good bases at this time, blah, blah, blah.  But it's my
opinion 9/11 created one crazy environment for the markets and a lot of
stocks we're seeing making big gains these days are NOT conforming to the
teachings of WON.  While composing this, I put these stocks to one more
test.  The Canslim Evaluator.  I found it interesting that while all these
stocks are floating on the top, the average score is an unimpressive 6.2 out
of 10.  In fact, only one was 8 or better:  UOPX at 8.  (FYI:  Yes, there
are 11 criteria on the Evaluator, but I throw out N--the fact a stock
appears within the past 7 days on a Watch List is immaterial for ranking
purposes, IMHO.)

  Your opinions will be highly valued.  Thank you.

  Duke

  Everybody should believe in something - I believe I'll have another glass
of great wine!


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<HTML><HEAD><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Dus-ascii">
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<BODY>
<DIV><SPAN class=3D000305508-09052002><FONT face=3DArial color=3D#0000ff =
size=3D2>Hi=20
Duke,</FONT></SPAN></DIV>
<DIV><SPAN class=3D000305508-09052002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000305508-09052002><FONT color=3D#0000ff =
size=3D2><FONT=20
face=3DArial>re: <FONT color=3D#000000 size=3D3>(FYI:&nbsp; Yes, there =
are 11 criteria=20
on the Evaluator, but I throw out N--the fact a stock appears within the =
past 7=20
days on a Watch List is immaterial for ranking purposes, =
IMHO.)</FONT></FONT>
<DIV><SPAN class=3D827134813-08052002></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D827134813-08052002><SPAN =
class=3D000305508-09052002><FONT=20
face=3DArial>Wouldn't the fact that it's in a handle be an additional =
indicator=20
that the stock is worth evaluating? Just asking, I only do the =
programming=20
around here.</FONT></SPAN></SPAN></FONT></SPAN></DIV></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive Technologies, =

LLC</FONT></DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://www.proactech.com/">http://www.proactech.com</A></FONT></D=
IV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Duke=20
  Miller<BR><B>Sent:</B> Wednesday, May 08, 2002 5:02 AM<BR><B>To:</B>=20
  CANSLIM<BR><B>Subject:</B> [CANSLIM] Curious in =
Florida<BR><BR></FONT></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Good morning=20
  all:</FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Since most of =

  you&nbsp;know how I feel about present market environment, you'll be =
glad to=20
  know this isn't about that.&nbsp; It's about&nbsp;AFTER "that!"&nbsp; =
I'll=20
  explain:</FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Each day, I =
download the=20
  Excel version of the Daily Screen from IBD.&nbsp; Then I&nbsp;"play" =
with it=20
  for awhile.&nbsp;&nbsp;I&nbsp;sort various aspects to my personal=20
  preferences:&nbsp;Industry Group Rank (eliminating all above 40); SMR=20
  (eliminating all at C or worse); and so forth.&nbsp; Then I may sort =
them by=20
  other factors--combined RS &amp; EPS Ratings or Index of Current PE =
vs.=20
  Projected--to&nbsp;arrive at a&nbsp;&nbsp;another cutoff point.&nbsp;=20
  </FONT></SPAN><SPAN class=3D827134813-08052002><FONT =
face=3DArial>After all that,=20
  I put the remnants into a portfolio with that day's price.&nbsp; Then =
I follow=20
  the action.&nbsp; </FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>What I'm =
seeing is an=20
  amalgam of stocks, the majority of&nbsp;which keep re-appearing in my =
final=20
  cuts.&nbsp; Some, more than I care to mention, I was shaken out of =
earlier=20
  this year before going to all cash; some, more than I care to =
mention,&nbsp;I=20
  wish I'd jumped on.&nbsp; They're the ones that when I should have =
jumped on=20
  them (I don't have 20-20 hindsight like IBD does) the right criteria =
weren't=20
  present (usually the darn charts).&nbsp; But the fact remains, many of =
the=20
  same symbols are there.&nbsp; And they aren't going away! =
</FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002></SPAN><SPAN=20
  class=3D827134813-08052002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Further, on =
May 6, a=20
  truly awful day on all three of the big indexes, I reviewed my Daily=20
  Screens&nbsp;portfolios to see which stocks suffered the least.&nbsp; =
The list=20
  read like a who's-who of my Daily Screens Portfolios.&nbsp;=20
  </FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>So, h<SPAN=20
  class=3D827134813-08052002><FONT face=3DArial>ere's my question:&nbsp; =
If these=20
  same names are hanging around like they are, day in and day out for =
several=20
  months now, both on my sorted screens and in IBD editorial, does it =
stand to=20
  reason that when the market turns, these stocks that have exhibited =
such=20
  strength in a bad market should be the BIG winners when M starts to =
head=20
  North?</FONT></SPAN></FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>I, like all =
of you, hear=20
  over and over again that we should be watching for stocks forming good =
bases=20
  at this time, blah, blah, blah.&nbsp; But it's my opinion 9/11 created =
one=20
  crazy environment for the markets and a lot of stocks we're seeing =
making big=20
  gains these days are NOT conforming to the teachings of WON.&nbsp; =
While=20
  composing this, </FONT></SPAN><SPAN class=3D827134813-08052002><FONT=20
  face=3DArial>I put these stocks to one more test.&nbsp; The Canslim=20
  Evaluator.&nbsp; I found it interesting that while all these stocks =
are=20
  floating on the top, the average score is an unimpressive 6.2 out of =
10.&nbsp;=20
  In fact, only one was 8 or better:&nbsp; UOPX at 8.&nbsp; (FYI:&nbsp; =
Yes,=20
  there are 11 criteria on the Evaluator, but I throw out N--the fact a =
stock=20
  appears within the past 7 days on a Watch List is immaterial for =
ranking=20
  purposes, IMHO.)</FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Your opinions =
will be=20
  highly valued.&nbsp; </FONT></SPAN><SPAN =
class=3D827134813-08052002><FONT=20
  face=3DArial>Thank you.</FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
  <DIV><SPAN class=3D827134813-08052002></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D827134813-08052002></SPAN><FONT size=3D2>Everybody =
should=20
  believe in something - I believe I'll have another glass of great=20
  wine!</DIV></FONT>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>

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