Re: [CANSLIM] Updated CANSLIM hunting list

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] Updated CANSLIM hunting list
Date: Tue, 28 May 2002 09:12:06 -0500

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I'll add my 2 cents worth on the subject... When you are first starting
out, like I am, with a 3,000 capital pool, it is hard to justify paying a
site $40.00 a month for data, research, whatever. I have found two nice
programs that are free, that you may want to consider. The first is MedVed
QuoteTracker. I think the website is Quotetracker.com, but if you search on
the net, I am sure you will find it. You can set up your portfolio, and
watch lists in it, and hook into free (delayed) daily price quotes, set up
alerts, etc. It also allows you to link to other sites for historic charts
(bigcharts, etc), link to news on the stocks, and has a great all in one
way to search message boards for each stock.

The second program is FCharts SE which can be found on spackjock.com. It is
also free, and it is a charting program. What is nice is that you can
download data for your stocks, then operate the program offline. I use this
to download data on stocks I want to start watching, based on fundamentals,
and then I can study the chart patterns later without having to be online.

I do subscribe to IBD, and really think it is useful as you are starting
out. Now my biggest problem is trying to keep my watchlist size to a
reasonable level!!!

Hope this helps

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com

Chazmoore@aol.com
Sent by: To: canslim@lists.xmission.com
owner-canslim@lists.xm cc:
ission.com Subject: Re: [CANSLIM] Updated CANSLIM hunting list

05/25/2002 02:21 PM
Please respond to
canslim

Chris: You pose an interesting question and I am sure it varies
significantly from one investor to the next. For example, some think a
subscription to DGO is expensive but I am so dependent upon it, the cost
has little meaning to me. On the other hand, I will never pay another cent
for a research report by a broker, nor would I pay for real time streaming
stock quotations. I subscribe to IBD, and enjoy the market updates and
articles, but I could get along without it.

I am not sure I could express "tool cost," as a percentage of my investment
capital. That doesn't seem to be the point. If you find a tool that is
dependable, and reduces research time, then the cost is meaningless as long
as it permits you to be profitable over time. Obviously there is a point of
diminishing benefit. If you only make one or two trades a month you may not
be able to justify very much in the way of research tools.

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