[CANSLIM] Daily Screen 05-14-02 Financial Efficiency

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: [CANSLIM] Daily Screen 05-14-02 Financial Efficiency
Date: Tue, 14 May 2002 15:44:30 -0400

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Don't know what it proves, but....may be of interest to you.
 
Downloaded the daily screen today.  Thought it might yield a gem or two;
it ranks companies with AVG ROE for the past three years >=17%.
 
While the list met various CANSLIM criteria (RS>=80, SMR = A, Group RS
at least B-, Price>=$15, Avg Vol>=100,000, all within 15% of 52-wk
high), it is interesting to discover how dominate institutions are
herein.  I ran the CS Evaluator on each of the 32 stocks, and only two
score 8 or better (UOPX and AXL); oddly enough, however, those two have
the lowest institutional sponsorship, 16% and 37% respectively!  
 
What's more interesting...the average sponsorship for the whole list is
a miserable 74.8%.
 
So I guess this tells us two things.  A) Institutions place a lot of
weight on ROE; B) This screen is a waste of time for CANSLIMers!
 
Duke
 

 

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<DIV><SPAN class=3D686432719-14052002><FONT face=3DArial>Don't know what =
it proves,=20
but....may be of interest to you.</FONT></SPAN></DIV>
<DIV><SPAN class=3D686432719-14052002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><FONT face=3DArial><SPAN class=3D686432719-14052002>Downloaded the =
daily screen=20
today.&nbsp; </SPAN>T<SPAN class=3D686432719-14052002>hought it might =
yield a gem=20
or two; it ranks companies with&nbsp;AVG ROE for the past three years=20
&gt;=3D17%.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D686432719-14052002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><SPAN class=3D686432719-14052002>While the list =
met various=20
CANSLIM criteria (RS&gt;=3D80, SMR =3D A, Group RS at least B-, =
Price&gt;=3D$15, Avg=20
Vol&gt;=3D100,000, all within 15% of 52-wk high), it is interesting to =
discover=20
how dominate institutions are herein.&nbsp; I ran the CS Evaluator on =
each of=20
the 32 stocks, and only two score 8 or better (UOPX and AXL); oddly =
enough,=20
however, those&nbsp;two&nbsp;have the lowest institutional sponsorship, =
16% and=20
37% respectively!&nbsp; </SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D686432719-14052002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><SPAN class=3D686432719-14052002>What's more=20
interesting...the average sponsorship for the whole list&nbsp;is a =
miserable=20
74.8%.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D686432719-14052002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><SPAN class=3D686432719-14052002>So I guess this =
tells us=20
two things.&nbsp; A) Institutions place a lot of weight on ROE; B) This =
screen=20
is a waste of time for CANSLIMers!</SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D686432719-14052002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D686432719-14052002>Duke</SPAN></FONT></DIV>
<DIV align=3Dleft><FONT face=3DArial size=3D3>
<P>&nbsp;</P></FONT></DIV>
<DIV>&nbsp;</DIV></BODY></HTML>

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