RE: [CANSLIM] Earnings Confidence

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Earnings Confidence
Date: Mon, 1 Jul 2002 14:43:11 -0600

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GARP Growth At a Reasonable Price

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons
Sent: Monday, July 01, 2002 2:41 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Earnings Confidence


David,

Excuse my ignorance, but what's GARP?

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 David Taggart
Sent: Monday, July 01, 2002 10:18 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Earnings Confidence


I have found for about a year and a half that CANLSIM/GARP is a safe and
reliable way to trade.  It really cuts down on the risk yet you still get to
catch a lot of the good moves such as homebuilders and REIT's.  Granted it
is not strict CANSLIM but you can still use a lot of the concepts WON
teaches.  I always thought David Ryans interview in Market Wizards made
sense that after screening for eveything else go for the lowest P/E.  I also
wish that WON would teach more on the short side. The best gains I have had
have been on the short side the past year and a half.  CANSLIM criteria are
discriminating enought that if you apply most of them in reverse and then
throw in a ton of debt you end up with some good shorts.  Oh well enough of
my soapbox.


David Taggart

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion
Sent: Monday, July 01, 2002 1:57 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Earnings Confidence


Good post, Jans.  I went to my back issues and dug out the Investor's Corner
you
refer to.  It's the June 25th issue.  I'm going to follow your lead and get
more
familiar with the SEC filings.

In general, I've gotten more conservative, probably like most.  I'm paying
more
attention to the P/E than I ever have in the past, preferring <20.  I guess
that
makes me a "value" CANSLIM investor.  I'm also weighting the cash flow more
than
I have in the past to try to establish a correlation with earnings, i.e.,
20%
higher than last year's EPS.  -Harvey

Spencer48@aol.com wrote:

> Katherine:
>
>      In a way the accounting frauds and scandals that have popped up have
> been useful to me-in this way:  I had never relied on SEC info before; all
my
> fundamental info had been gleaned from DGO.  However, with earnings and
even
> cash-flow now being suspect-I go to the SEC page when analyzing a
company's
> stock that I wish to buy, to see what the company is doing and how it is
> doing it. (About a week ago, IBD in Investors Corner printed a column on
the
> different types of  statements that companies are required to file with
the
> SEC-so I believe that IBD believes this sort of fundamental info is
important
> to apprise oneself of when analyzing a stock).
>
>      I suppose I use the "events" in a negative way to strengthen my
buying
> strategy, ie. if what I see on SEC seems different than what DGO prints as
to
> the company's earnings or even what the chart is saying, I drop that stock
> from my watch-list.
>
>      As far as selling (an exit strategy),  I wouldn't buy a company in
the
> first place unless I felt comfortable with it.  So for the exit strategy,
I
> generally will rely on WON's dictums regarding when to sell.
>
> jans
>
> In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time,
> kmalm@earthlink.net writes:
>
> << I see the recent discussions of Anderson, WCOM, earnings confidence,
etc.
> to be of great importance in CANSLIM investing, less as a matter of
"current
> events" than in the sense that it impacts much of the core investing
concepts
> in CANSLIM.
>
>  I'm interested in finding out if and how this change in perception of
> earnings measurement will or has had any affect on your CANSLIM mining,
> entry, and/or exit strategies. If it has not yet had an effect, do you
> believe that it should? In other words, how will you modify your approach
> based on these events? How do you use these events to strengthen your
> strategies? >>
>
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