Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] DGO/IBD
Date: Thu, 4 Jul 2002 08:36:24 -0500
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Hi John,
With regard to your questions:
(1) "...do you find yourself in need of IBD..."-- "Need" is perhaps too =
strong a word. I used to start every day by reading the IBD cover to =
cover (along with a good Starbucks, of course)....Reading HTMMIS helped =
build a context for CANSLIM, but I really "learned" CANSLIM from the =
IBD. But those needs have changed over the years as I have developed my =
own mining techniques. So, now IBD is a news and learning resource for =
me, but my stock mining, tracking and selection is done independently so =
that I am not biased by the IBD editors. (My test of the quality of my =
mining is to count the number of times that a stock appears highlighted =
in IBD before I've already mined it. It happens rarely, but when it =
does, I review my methodology.) There are 2 features that I read each =
and every day without fail, the Big Picture page (there's just nowhere =
else you can go for this kind of market view) and the Investors Corner =
(can never know enough about investing) . I skim the front page and then =
later, when I have time on the weekend, I'll read the additional =
features such as The New America and Smart Investor.=20
(2) On "Where The Big Money Is Flowing" ....Since this feature became =
available in live form on the Investors.com site, I look there during =
the day rather than to the paper. In this case, since appearances are =
volume-based (for stocks meeting certain proprietary rankings), I feel =
the stocks showing up are less inclined to be editor selected as are =
other mentions in the IBD and so I feel more comfortable using it. I =
think any service that allows you to track volume during the day would =
work, however. The real trick is to have a preselected list of stocks =
worth watching and that's where your mining techniques make all the =
difference. I see that David T. has already listed some suggestions. =
Another option is Medved's free QuoteTracker (www.quotetracker.com). =
Mike Gibbons from this list has also been developing an add-in =
(QTMonitor) that allows you to monitor volume/price activity and issue =
alarms on a preselected list of stocks. I currently use Schwab's =
StreetSmartPro for setting alarms, but only because my puny PC doesn't =
have enough RAM to run Mike's nifty QTMonitor and my gargantuan =
watchlist spreadsheet simultaneously!
Happy 4th of July,
Katherine
- ----- Original Message -----=20
From: John Calkins=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 03, 2002 10:30 AM
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. =
=20
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 -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
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.=20
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 -----=20
From: Duke13139@aol.com=20
To: canslim@lists.xmission.com=20
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?=20
Thanks for your help.
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<BODY bgColor=3D#ffffff>
<DIV>Hi John,</DIV>
<DIV> </DIV>
<DIV>With regard to your questions:</DIV>
<DIV> </DIV>
<DIV>(1) "...do you find yourself in need of IBD..."-- "Need" is perhaps =
too=20
strong a word. I used to start every day by reading the IBD cover to =
cover=20
(along with a good Starbucks, of course)....Reading HTMMIS helped build =
a=20
context for CANSLIM, but I really "learned" CANSLIM from the IBD. But =
those=20
needs have changed over the years as I have developed my own mining =
techniques. So, now IBD is a news and learning resource for me, but my =
stock=20
mining, tracking and selection is done independently so that I am not =
biased by=20
the IBD editors. (My test of the quality of my mining is to count the =
number of=20
times that a stock appears highlighted in IBD before I've already mined =
it. It=20
happens rarely, but when it does, I review my methodology.) There are 2 =
features=20
that I read each and every day without fail, the Big Picture page =
(there's just=20
nowhere else you can go for this kind of market view) and the =
Investors=20
Corner (can never know enough about investing) . I skim the front page =
and then=20
later, when I have time on the weekend, I'll read the additional =
features such=20
as The New America and Smart Investor. </DIV>
<DIV> </DIV>
<DIV>(2) On "Where The Big Money Is Flowing" ....Since this feature =
became=20
available in live form on the Investors.com site, I look there during =
the day=20
rather than to the paper. In this case, since appearances are =
volume-based=20
(for stocks meeting certain proprietary rankings), I feel the stocks =
showing up=20
are less inclined to be editor selected as are other mentions in the IBD =
and so=20
I feel more comfortable using it. I think any service that allows you to =
track=20
volume during the day would work, however. The real trick is to have a=20
preselected list of stocks worth watching and that's where your mining=20
techniques make all the difference. I see that David T. has already =
listed some=20
suggestions. Another option is Medved's free QuoteTracker (<A=20
href=3D"http://www.quotetracker.com">www.quotetracker.com</A>). Mike =
Gibbons from=20
this list has also been developing an add-in (QTMonitor) that =
allows you to=20
monitor volume/price activity and issue alarms on a preselected =
list of=20
stocks. I currently use Schwab's StreetSmartPro for setting alarms, but =
only=20
because my puny PC doesn't have enough RAM to run Mike's nifty QTMonitor =
and my=20
gargantuan watchlist spreadsheet simultaneously!</DIV>
<DIV> </DIV>
<DIV>Happy 4th of July,</DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Djcalkins@olypen.com =
href=3D"mailto:jcalkins@olypen.com">John=20
Calkins</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 03, 2002 =
10:30=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
DGO/IBD</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Hello Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Your assessment of DGO and IBD are =
very=20
interesting. I have been mining IBD for several years and am in =
total=20
agreement with you on the time involved to keep a ready list =
available. =20
But now with the Investors.com, a couple of saves per day of their =
spoon fed=20
screens does at least give an education into how to do this. I =
guess I=20
would have to at least have bull market before I could consider a =
subscription=20
to DGO. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>So I have 2 questions for you. =
First, do=20
you find yourself in need of IBD when you subscribe to DGO once you =
have=20
studied the market in IBD for several years. And second, the =
most=20
important piece of information in IBD is Where The Big Money Is =
Flowing on=20
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=20
say, am I being spoon fed just a tiny group of =
possibilities?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for your advice, I and I'm =
sure others=20
value your opinion highly.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>John Calkins</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 03, =
2002 7:37=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
DGO/IBD</DIV>
<DIV><BR></DIV>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>The basic DGO is about $600/year.... only the additional tools =
bring it=20
up to about $1000. </DIV>
<DIV> </DIV>
<DIV>Truth is, until recently, the features/charts etc. were not =
available=20
at the IBD site and DGO was a godsend. It's beyond me how DGO can =
justify=20
the price tag (DGO....hope you're reading THIS message) given that =
so many=20
of the features are now available at no charge on the IBD =
site.</DIV>
<DIV> </DIV>
<DIV>However, an Excel report with 2500 stocks is not really the =
issue. It=20
just matters if you mine a particular way. For example, I find it =
terribly=20
disjointed and time consuming to take reports from the IBD =
itself or=20
the Investors.com site, meld them together into some cohesive =
strategy,=20
gather the appropriate info one by one from the charts, track the =
info and=20
manage the updates day to day and expect to have a reliable strategy =
for=20
monitoring stock movement, market health and selecting good stocks =
for=20
purchase. It can be done, and even though you can automate some of =
the info=20
gathering via Excel/Access, it doesn't necessarily give you a =
reliable,=20
time-effective process. The bottom line for me? Time is money. I've =
had=20
similar discussions with many folks over the years and it always =
boils down=20
to this. If you see time as money and you prefer to have a =
methodical=20
strategy for mining for buyable CANSLIM candidates that does =
not rely=20
on what the IBD or Investors.com editors may choose to highlight, =
then=20
you'll choose DGO. If those things don't matter, the IBD and the=20
Investor.com site are more than sufficient.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DDuke13139@aol.com=20
href=3D"mailto:Duke13139@aol.com">Duke13139@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 03, =
2002 9:18=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
DGO/IBD</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3DArial size=3D2=20
FAMILY=3D"SANSSERIF">Investors.com provides daily/weekly charts, =
info on=20
stocks within the same industry, proprietary info (RS on their =
charts),=20
etc. I need something provided by DGO that is worth the $1000 =
premium. I=20
don't want to wrestle with 2500 stocks. I can generate my own =
reports=20
using a combo of EXCEL/ACCESS.<BR><BR>My question clarified: What =
can DGO=20
provide that I can't get from IBD? <BR><BR>Thanks for your=20
=
help.<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></FONT></FONT></BODY></HT=
ML>
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