Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: [CANSLIM] Screening
Date: Sun, 7 Jul 2002 12:43:13 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C225B3.DC10AFD0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ok, wake up out there!! Could it be that things might possibly by some mere stretch of the imagination...start looking up? Is it time to proceed with some early-on mining? To that end, I went back through my CAN SLIM Keepers folder...you know, where I put stuff my 50-something mind needs to be refreshed upon because it's meaningful, and I'm prone to forgetting. (See anecdote at end of this message; if it rings a bell, so to speak, you need your own CAN SLIM Keepers Folder!). Katherine Malm is in the "from" line in my Keeper folder more than anyone else (wonder why?), so I'm using her as the catapult for my query. At the same time, I'm asking others to chime in, PLEASE. On April 29, Katherine, you summarized your screening tactics in an email, subject: "How are you choosing your stocks." To paraphrase: RS>=60 Price>=200dma Price>=50 dma -15% A/D = A, B, or C EPS Rating =>50 Meeting or exceeding these criteria, you flip through the charts to see which are setting up, then proceed to additional scrutiny. The following is quoting directly from your email:(hilite is mine): With respect to annual and quarterly growth, ROE, D/E, cashflow etc., again, I look at these things in total, knowing that accounting rules often obfuscate the "real" story. For that reason, I like to skim the recent SEC filings if a stock makes my short due diligence list, rather than eliminating stocks entirely just because ROE is 14.6 vs 15% for example. At the risk of interrupting Katherine's summer reading program, my question for the week: Now that the market has dipped this far, what screen changes, if any, are you contemplating to narrow down your selections? I've stated before that my feeling is the stocks that have not succumbed as much lately (RS above 90, for instance) will be huge winners; they are passing "obfuscated 'real' story" scrutiny. Or will they? Are they more havens than performers, with the prospect of giving way to other types of issues destined to surface into the winners' pool? Duke >Senior Moment: >An elderly couple had dinner at another couple's house, and after >eating, the wives left the table and went into the kitchen. The two >elderly gentlemen were talking, and one said, "Last night we went out >to a new restaurant, and it was really great. I would recommend it >very highly." > >The other man said, "What is the name of the restaurant?" The first man >thought and thought and finally said, "What is the name of that flower >you give to someone you love? You know... the one that is red and has >thorns. > >"Do you mean a rose?" > >"Yes," the man said. He turned toward the kitchen and yelled, "Hey >Rose, what's the name of that restaurant we went to last night?" > - ------=_NextPart_000_0018_01C225B3.DC10AFD0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; = charset=3Dus-ascii"> <TITLE>Message</TITLE> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>Ok, wake up out = there!! </FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>Could it be = that things=20 might possibly by some mere stretch of the imagination...start looking = up? =20 Is it time to proceed with some early-on mining?</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>To that end, I = went back=20 through my CAN SLIM Keepers folder...you know, where I put stuff my = 50-something=20 mind needs to be refreshed upon because it's meaningful, and I'm prone = to=20 forgetting. (See anecdote at end of this message; if it rings a = bell, so=20 to speak, you need your own CAN SLIM Keepers = Folder!).</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial>Katherine Malm is in=20 the "from" line in my Keeper folder more than anyone else = (wonder=20 why?), so I'm using her as the catapult for my query. At the = same=20 time, I'm asking others to chime in, PLEASE. </FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>On April 29, = Katherine, you=20 summarized your screening tactics in an email, subject: "How are you = choosing=20 your stocks." To paraphrase:</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 face=3DArial>RS>=3D60</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 face=3DArial>Price>=3D200dma</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>Price>=3D50 = dma=20 - -15%</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>A/D =3D = A, B, or=20 C</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>EPS Rating=20 =3D>50</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>Meeting or = exceeding these=20 criteria, you flip through the charts to see which are setting up, then = proceed=20 to additional scrutiny. The following is quoting directly from = your=20 email:(hilite is mine):</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT = face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002>With respect to annual and = quarterly growth,=20 ROE, D/E, cashflow etc., again, I look at these things in total, knowing = that=20 <FONT color=3D#ff0000>accounting rules often obfuscate the "real" = story</FONT>.=20 For that reason, I like to skim the recent SEC filings if a stock makes = my short=20 due diligence list, rather than eliminating stocks entirely just because = ROE is=20 14.6 vs 15% for example. </SPAN></DIV><FONT size=3D2> <P align=3Dleft></FONT><SPAN class=3D093400116-07072002>At the risk of=20 interrupting Katherine's summer reading program, my question for = the week:=20 </SPAN></P> <P align=3Dleft><SPAN class=3D093400116-07072002><FONT face=3DArial>Now = that the=20 market has dipped this far, what screen changes, if any, are you=20 contemplating to narrow down your selections? </FONT></SPAN></P> <P align=3Dleft><SPAN class=3D093400116-07072002><FONT face=3DArial>I've = stated before=20 that my feeling is the stocks that have not succumbed as much = lately (RS=20 above 90, for instance) will be huge winners; they are passing = "obfuscated=20 'real' story" scrutiny. </FONT></SPAN></P> <P align=3Dleft><SPAN class=3D093400116-07072002><FONT face=3DArial>Or = will=20 they? Are they more havens than performers, with the prospect of = giving=20 way to other types of issues destined to surface into the winners'=20 pool?</FONT></SPAN></P> <P align=3Dleft><SPAN class=3D093400116-07072002><FONT=20 face=3DArial>Duke</FONT></SPAN></P><SPAN class=3D093400116-07072002> <P><FONT size=3D2>><SPAN class=3D093400116-07072002>Senior=20 Moment:</SPAN></FONT></P> <P><SPAN class=3D093400116-07072002></SPAN><FONT size=3D2><SPAN=20 class=3D093400116-07072002>></SPAN>An elderly couple had dinner at = another=20 couple's house, and after</FONT></P> <P><FONT size=3D2>>eating, the wives left the table and went into the = kitchen.=20 The two </FONT></P> <P><FONT size=3D2>>elderly gentlemen were talking, and one said, = "Last night we=20 went out </FONT></P> <P><FONT size=3D2>>to a new restaurant, and it was really great. I = would=20 recommend it </FONT></P> <P><FONT size=3D2>>very highly."</FONT></P> <P><FONT size=3D2>></FONT></P> <P><FONT size=3D2>>The other man said, "What is the name of the = restaurant?"=20 The first man</FONT></P> <P><FONT size=3D2>>thought and thought and finally said, "What is the = name of=20 that flower </FONT></P> <P><FONT size=3D2>>you give to someone you love? You know... the one = that is=20 red and has </FONT></P> <P><FONT size=3D2>>thorns.</FONT></P> <P><FONT size=3D2>></FONT></P> <P><FONT size=3D2>>"Do you mean a rose?"</FONT></P> <P><FONT size=3D2>></FONT></P> <P><FONT size=3D2>>"Yes," the man said. He turned toward the kitchen = and=20 yelled, "Hey</FONT></P> <P><FONT size=3D2>>Rose,<SPAN class=3D093400116-07072002> what's the = name of that=20 restaurant we went to last night?"</SPAN></FONT></P> <P><FONT size=3D2>></FONT></P></SPAN></BODY></HTML> - ------=_NextPart_000_0018_01C225B3.DC10AFD0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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