Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Curious in Florida
Date: Thu, 9 May 2002 21:55:41 -0400
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MessageMike, "N" refers to New, which includes both a new high, new =
service or new product. Takes some evaluation of the company to rate it =
on new service or product, one reason I concentrate my searching on =
stocks with new highs. That also eliminates any overhead resistance.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Thursday, May 09, 2002 1:09 PM
Subject: RE: [CANSLIM] Curious in Florida
Hi Duke,
If a stock is in a handle, then it will stay on our WON watchlist until =
it either breaks out, drops below the handle, or the handle length =
exceeds 30 days (5 weeks). The N indicator means it is either in a =
handle or was recently. Maybe I should limit it to only stocks that are =
in a handle. What do you think?
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: Thursday, May 09, 2002 4:32 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Curious in Florida
Mike:
You wrote:
>Wouldn't the fact that it's in a handle be an additional indicator =
that the stock is worth evaluating?=20
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.=20
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? ) =20
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.)=20
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. =20
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!=20
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. =20
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><FONT face=3DArial>Mike, "N" refers to New, which includes both a =
new high,=20
new service or new product. Takes some evaluation of the company to rate =
it on=20
new service or product, one reason I concentrate my searching on stocks =
with new=20
highs. That also eliminates any overhead resistance.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmikegibbons@proactech.com =
href=3D"mailto:mikegibbons@proactech.com">Mike=20
Gibbons</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Thursday, May 09, 2002 1:09 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] Curious in Florida</DIV></DIV>
<DIV><BR></DIV>
<DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D420285816-09052002>Hi=20
Duke,</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D420285816-09052002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D420285816-09052002>If a=20
stock is in a handle, then it will stay on our WON watchlist until it =
either=20
breaks out, drops below the handle, or the handle length exceeds 30 days =
(5=20
weeks). The N indicator means it is either in a handle or was recently. =
Maybe I=20
should limit it to only stocks that are in a handle. What do you=20
think?</SPAN></FONT></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, =
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> Thursday, May 09, 2002 4:32 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] Curious in =
Florida<BR><BR></FONT></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT =
face=3DArial>Mike:</FONT></SPAN></DIV>
<DIV><SPAN class=3D015530414-09052002><FONT=20
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=20
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=20
been on the list, I scramble to the chart. I'm not suggesting =
you change=20
a 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=20
define exactly how I use the Evaluator. I, like many herein, run =
screen=20
after screen each day mining potential winners. Before the =
Evaluator=20
came along the majority of my time was spent culling the =
losers--stocks that=20
are "outside" my CANSLIM model. It didn't take me long to =
decide=20
that a rating of 7 or better keeps a stock on my list. =
Under the=20
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=20
we're in now, I don't know. (And with stocks building =
seemingly=20
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=20
duration? ) </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=20
making 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=20
within 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>=20
CANSLIM<BR><B>Subject:</B> [CANSLIM] Curious in=20
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=20
to know this isn't about that. It's about AFTER =
"that!" =20
I'll 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=20
by 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. =20
Then 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=20
final cuts. Some, more than I care to mention, I was shaken =
out of=20
earlier 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)=20
the right criteria weren't present (usually the darn =
charts). But=20
the fact remains, many of the same symbols are there. And =
they=20
aren't going 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=20
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=20
these same names are hanging around like they are, day in and day =
out for=20
several months now, both on my sorted screens and in IBD =
editorial, does=20
it stand to reason that when the market turns, these stocks that =
have=20
exhibited such strength in a bad market should be the BIG winners =
when M=20
starts to head 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=20
good bases at this time, blah, blah, blah. But it's my =
opinion 9/11=20
created one crazy environment for the markets and a lot of stocks =
we're=20
seeing 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></BLOCKQUOTE></=
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