Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Curious in Florida
Date: Thu, 9 May 2002 10:32:04 -0400
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Mike:
You wrote:
>Wouldn't the fact that it's in a handle be an additional indicator that
the stock is worth evaluating?
Absolutely. And when I see that it has been on the list, I scramble to
the chart. I'm not suggesting you change a thing in that regard.
It may help if I define exactly how I use the Evaluator. I, like many
herein, run screen after screen each day mining potential winners.
Before the Evaluator came along the majority of my time was spent
culling the losers--stocks that are "outside" my CANSLIM model. It
didn't take me long to decide that a rating of 7 or better keeps a stock
on my list. Under the new ratings, I'm considering moving that to 6.8.
That being the case, whether or not the stock has made the watch list in
the last 7 days is not significant. Might have been in the go-go days
preceding the market we're in now, I don't know. (And with stocks
building seemingly longer bases lately, maybe your criteria should be
longer, like 7 weeks. Doesn't WON say the handle should be 4 to 7 weeks
in duration? )
The Evaluator provides me the "snapshot" I need...to cull or not. And
it saves me the most valuable commodity of all: time.
Thanks again for making it available to us.
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons
Sent: Thursday, May 09, 2002 5:00 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Curious in Florida
Hi 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.)
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com <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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<DIV><SPAN class=3D015530414-09052002><FONT =
face=3DArial>Mike:</FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial>You=20
wrote:</FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN class=3D000305508-09052002><FONT=20
face=3DArial>>Wouldn't the fact that it's in a handle be an =
additional=20
indicator that the stock is worth evaluating?=20
</FONT></SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN><SPAN=20
class=3D015530414-09052002><FONT face=3DArial><SPAN =
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002>Absolutely. And when I see that =
it has been=20
on the list, I scramble to the chart. I'm not suggesting you =
change a=20
thing in that regard. </SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN class=3D000305508-09052002>It may help =
if I define=20
exactly how I use the Evaluator. I, like many herein, run screen =
after=20
screen each day mining potential winners. Before the Evaluator =
came along=20
the majority of my time was spent culling the losers--stocks that are=20
"outside" my CANSLIM model. It didn't take me long to decide =
that a=20
rating of 7 or better keeps a stock on my list. Under the new =
ratings, I'm considering moving that to=20
6.8. </SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN class=3D000305508-09052002>That being =
the case,=20
whether or not the stock has made the watch list in the last 7 days is =
not=20
significant. Might have been in the go-go days preceding the =
market we're=20
in now, I don't know. (And with stocks building seemingly =
longer=20
bases lately, maybe your criteria should be longer, like 7 =
weeks. =20
Doesn't WON say the handle should be 4 to 7 weeks in =
duration? ) =20
</SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN class=3D000305508-09052002>The =
Evaluator provides=20
me the "snapshot" I need...to cull or not. And it saves me the =
most=20
valuable commodity of all: time.</SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN class=3D000305508-09052002>Thanks again =
for making=20
it available to us.</SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002>Duke</SPAN></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<DIV><SPAN class=3D015530414-09052002><FONT face=3DArial><SPAN=20
class=3D827134813-08052002><SPAN=20
class=3D000305508-09052002></SPAN></SPAN></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Mike Gibbons<BR><B>Sent:</B> Thursday, May 09, =
2002 5:00=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
Curious in Florida<BR><BR></FONT></DIV>
<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=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D000305508-09052002><FONT color=3D#0000ff =
size=3D2><FONT=20
face=3DArial>re: <FONT color=3D#000000 size=3D3>(FYI: Yes, there =
are 11=20
criteria on the Evaluator, but I throw out N--the fact a stock appears =
within=20
the past 7 days on a Watch List is immaterial for ranking purposes,=20
IMHO.)</FONT></FONT>=20
<DIV><SPAN class=3D827134813-08052002></SPAN> </DIV>
<DIV><SPAN class=3D827134813-08052002><SPAN =
class=3D000305508-09052002><FONT=20
face=3DArial></FONT></SPAN></SPAN></FONT></SPAN> </DIV></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive =
Technologies,=20
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> =
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> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Since most =
of=20
you know how I feel about present market environment, you'll be =
glad to=20
know this isn't about that. It's about AFTER =
"that!" I'll=20
explain:</FONT></SPAN></DIV>
<DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Each day, I =
download=20
the Excel version of the Daily Screen from IBD. Then =
I "play"=20
with it for awhile. I sort various aspects to my =
personal=20
preferences: Industry Group Rank (eliminating all above 40); =
SMR=20
(eliminating all at C or worse); and so forth. Then I may sort =
them by=20
other factors--combined RS & EPS Ratings or Index of Current PE =
vs.=20
Projected--to arrive at a another cutoff =
point. =20
</FONT></SPAN><SPAN class=3D827134813-08052002><FONT =
face=3DArial>After all=20
that, I put the remnants into a portfolio with that day's =
price. Then=20
I follow the action. </FONT></SPAN></DIV>
<DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>What I'm =
seeing is an=20
amalgam of stocks, the majority of which keep re-appearing in =
my final=20
cuts. 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=20
mention, I wish I'd jumped on. They're the ones that when =
I=20
should have jumped on them (I don't have 20-20 hindsight like IBD =
does) the=20
right criteria weren't present (usually the darn charts). But =
the fact=20
remains, many of the same symbols are there. And they aren't =
going=20
away! </FONT></SPAN></DIV>
<DIV><SPAN class=3D827134813-08052002></SPAN><SPAN=20
class=3D827134813-08052002><FONT =
face=3DArial></FONT></SPAN> </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 =
Screens portfolios to see which stocks suffered the =
least. The=20
list read like a who's-who of my Daily Screens Portfolios. =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>So, h<SPAN=20
class=3D827134813-08052002><FONT face=3DArial>ere's my =
question: 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> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>I, like all =
of you,=20
hear over and over again that we should be watching for stocks =
forming good=20
bases at this time, blah, blah, blah. But it's my opinion 9/11 =
created=20
one crazy environment for the markets and a lot of stocks we're =
seeing=20
making big gains these days are NOT conforming to the teachings of=20
WON. While composing this, </FONT></SPAN><SPAN=20
class=3D827134813-08052002><FONT face=3DArial>I put these stocks to =
one more=20
test. The Canslim Evaluator. I found it interesting that =
while=20
all these stocks are floating on the top, the average score is an=20
unimpressive 6.2 out of 10. In fact, only one was 8 or =
better: =20
UOPX at 8. (FYI: Yes, there are 11 criteria on the =
Evaluator,=20
but I throw out N--the fact a stock appears within the past 7 days =
on a=20
Watch List is immaterial for ranking purposes, =
IMHO.)</FONT></SPAN></DIV>
<DIV><SPAN class=3D827134813-08052002></SPAN> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT face=3DArial>Your =
opinions will be=20
highly valued. </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> </DIV>
<DIV><SPAN class=3D827134813-08052002><FONT=20
face=3DArial>Duke</FONT></SPAN></DIV>
<DIV><SPAN class=3D827134813-08052002></SPAN> </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=20
face=3DArial></FONT> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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