Re: [CANSLIM] DGO/IBD

From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] DGO/IBD
Date: Wed, 03 Jul 2002 09:55:50 -0700
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Duke,  You're probably aware of this but to anyone who is not, be
advised that with a $237 annual subscription to Daily Graphs NASDAQ
monthly (or NYSE), you can get a discounted DGO price of $299 for a
total of $536 for the package.  Even though I rarely refer to the DG
printed copies I save them for archival reference.  It's a big savings
if you're only buying the DGO basic service.

I still take IBD even though I don't use it as much as I did before
DGO.  Part of the reason is to have access to investors.com screens and
the new weblink feature.  Many of these screens are not available from
DGO data.

Getting back to your original question, once you've had the convenience
of clicking between the weekly chart (with all the "datablock"
information in one place, virtually all the WON/CANSLIM criteria) and
the daily chart with its more detailed price/volume action, in a
database of about 10,000 stocks, it's really hard to be satisfied with
any other service or combination of services.  I also use the intraday
charts when approaching buy/sell decisions and to establish entry/exit
points.  Screening or mining using the Excel autofilter on DGO reports
is MUCH easier and more thorough than using IBD/investors.com.  Try it,
you'll like it.  -Harvey


David Taggart wrote:

> John I know of a few tools that you can screen for % change in
> volume.  For software there is Tradeseeker and First Alert and
> Tradingmarkets has a stock scanner that does end of day only that also
> screens for that.  There are other software packages like Tradestation
> and Metastock that can do it but while I have Tradestation as of yet I
> havent used it to screen for volume % change. Hope this helps,David
> Taggart
>
>      -----Original Message-----
>      From: owner-canslim@lists.xmission.com
>      [mailto:owner-canslim@lists.xmission.com]On Behalf Of John
>      Calkins
>      Sent: Wednesday, July 03, 2002 9:31 AM
>      To: canslim@lists.xmission.com
>      Subject: Re: [CANSLIM] DGO/IBD
>
>      Hello Katherine, Your assessment of DGO and IBD are very
>      interesting.  I have been mining IBD for several years and
>      am in total agreement with you on the time involved to keep
>      a ready list available.  But now with the Investors.com, a
>      couple of saves per day of their spoon fed screens does at
>      least give an education into how to do this.  I guess I
>      would have to at least have bull market before I could
>      consider a subscription to DGO. So I have 2 questions for
>      you.  First, do you find yourself in need of IBD when you
>      subscribe to DGO once you have studied the market in IBD for
>      several years.  And second, the most important piece of
>      information in IBD is Where The Big Money Is Flowing on each
>      exchange......is there a place, site or screen to get high
>      volume candidates to study.  IBD takes the work out of this
>      one but like you say, am I being spoon fed just a tiny group
>      of possibilities? Thanks for your advice, I and I'm sure
>      others value your opinion highly. John Calkins
>
>           ----- Original Message -----
>           From: Katherine Malm
>           To: canslim@lists.xmission.com
>           Sent: Wednesday, July 03, 2002 7:37 AM
>           Subject: Re: [CANSLIM] DGO/IBD
>            Hi Duke, The basic DGO is about $600/year....
>           only the additional tools bring it up to about
>           $1000. Truth is, until recently, the
>           features/charts etc. were not available at the IBD
>           site and DGO was a godsend. It's beyond me how DGO
>           can justify the price tag (DGO....hope you're
>           reading THIS message) given that so many of the
>           features are now available at no charge on the IBD
>           site. However, an Excel report with 2500 stocks is
>           not really the issue. It just matters if you mine
>           a particular way. For example, I find it terribly
>           disjointed and time consuming to take reports from
>           the IBD itself or the Investors.com site, meld
>           them together into some cohesive strategy, gather
>           the appropriate info one by one from the charts,
>           track the info and manage the updates day to day
>           and expect to have a reliable strategy for
>           monitoring stock movement, market health and
>           selecting good stocks for purchase. It can be
>           done, and even though you can automate some of the
>           info gathering via Excel/Access, it doesn't
>           necessarily give you a reliable, time-effective
>           process. The bottom line for me? Time is money.
>           I've had similar discussions with many folks over
>           the years and it always boils down to this. If you
>           see time as money and you prefer to have a
>           methodical strategy for mining for buyable CANSLIM
>           candidates that does not rely on what the IBD or
>           Investors.com editors may choose to highlight,
>           then you'll choose DGO. If those things don't
>           matter, the IBD and the Investor.com site are more
>           than sufficient. Katherine
>
>                ----- Original Message -----
>                From: Duke13139@aol.com
>                To: canslim@lists.xmission.com
>                Sent: Wednesday, July 03, 2002 9:18 AM
>                Subject: Re: [CANSLIM] DGO/IBD
>                 Investors.com provides daily/weekly
>                charts, info on stocks within the same
>                industry, proprietary info (RS on their
>                charts), etc. I need something provided
>                by DGO that is worth the $1000 premium.
>                I don't want to wrestle with 2500
>                stocks. I can generate my own reports
>                using a combo of EXCEL/ACCESS.
>
>                My question clarified: What can DGO
>                provide that I can't get from IBD?
>
>                Thanks for your help.
>


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