Go to Jeff Salisbury LWGate Home Page.From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Screening
Date: Sun, 7 Jul 2002 13:47:58 -0700
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This is a multi-part message in MIME format. - ------=_NextPart_000_0033_01C225BC.E7460400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Messagetom-would be interested in reading the article on halliburton if = you can tell me where to find it. Article in L.A. Times business section = on pennystocks. Said they are becoming more popular because people are = feeling like if they are gambling on stocks may as well be cheap ones. = Noted WCOM went up 376% last week after new CEO came out and said it was = to big and important a company to go under. not so much canslim note as = M note. zillagirl ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 9:56 AM Subject: Re: [CANSLIM] Screening Duke, aside from raising my upper price limit to $20 from $18 and = market cap from $500 million to $650 million some months ago (partially = because of greater buying power thanks to early profits), I have made = little change in screening. I have been far less restrictive on RS on = stocks I already hold so long as fundamentals are holding up to my = expectations. I do think there is the potential for market improvement next week, = noticed that the 10 day moving average for up / down volume had picked = up on most indexes, even turned positive on some, so that is = encouraging. Most stocks are so beaten down right now it will take time = to see the same on the 10 day new highs / lows numbers. There are still corporate accounting problems coming out of the = woodwork, just read an article on Halliburton (Dick Cheney was VP there = in 2000), and more calls for SEC investigation of Bush and his Cabinet. = Disclosure by the House that they believe the Board of Directors of = Enron knew for several years of what was going on is also leading to = more politically inspired calls for reforms, and investigations of Bush. = So the politics, if not actual news, will keep this issue in the = forefront for some time. As I mentioned yesterday or Friday, the rally on Friday was primarily = a relief rally that there was no major terrorist attack over the holiday = (and now thru the weekend). That certainly could inspire a day or two of = frenzied buying, by value shoppers, by sidelined cash that wants to be = in the market, and by the shorters having to cover. I have less = confidence that it could lead to a sustained rally on fundamentals and = economics, even tho that would be legitimate as I see these factors. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Sunday, July 07, 2002 12:43 PM Subject: [CANSLIM] Screening Ok, wake up out there!! =20 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. =20 On April 29, Katherine, you summarized your screening tactics in an = email, subject: "How are you choosing your stocks." To paraphrase: RS>=3D60 Price>=3D200dma Price>=3D50 dma -15% A/D =3D A, B, or C EPS Rating =3D>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.=20 At the risk of interrupting Katherine's summer reading program, my = question for the week:=20 Now that the market has dipped this far, what screen changes, if any, = are you contemplating to narrow down your selections? =20 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. =20 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=20 >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=20 >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=20 >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_0033_01C225BC.E7460400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>tom-would be interested in reading the = article on=20 halliburton if you can tell me where to find it. Article in L.A. Times = business=20 section on pennystocks. Said they are becoming more popular because = people are=20 feeling like if they are gambling on stocks may as well be cheap ones. = Noted=20 WCOM went up 376% last week after new CEO came out and said it was to = big and=20 important a company to go under. not so much canslim note as M note.=20 zillagirl</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=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</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> Sunday, July 07, 2002 = 9:56 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = Screening</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial>Duke, aside from raising my upper price limit = to $20=20 from $18 and market cap from $500 million to $650 million some months = ago=20 (partially because of greater buying power thanks to early profits), I = have=20 made little change in screening. I have been far less restrictive on = RS on=20 stocks I already hold so long as fundamentals are holding up to my=20 expectations.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I do think there is the potential for market = improvement=20 next week, noticed that the 10 day moving average for up / down volume = had=20 picked up on most indexes, even turned positive on some, so that is=20 encouraging. Most stocks are so beaten down right now it will take = time to see=20 the same on the 10 day new highs / lows numbers.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>There are still corporate accounting problems = coming out=20 of the woodwork, just read an article on Halliburton (Dick Cheney was = VP there=20 in 2000), and more calls for SEC investigation of Bush and his = Cabinet.=20 Disclosure by the House that they believe the Board of Directors of = Enron knew=20 for several years of what was going on is also leading to more = politically=20 inspired calls for reforms, and investigations of Bush. So the = politics, if=20 not actual news, will keep this issue in the forefront for some=20 time.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>As I mentioned yesterday or Friday, the rally = on Friday=20 was primarily a relief rally that there was no major terrorist attack = over the=20 holiday (and now thru the weekend). That certainly could inspire a day = or two=20 of frenzied buying, by value shoppers, by sidelined cash that wants to = be in=20 the market, and by the shorters having to cover. I have less = confidence that=20 it could lead to a sustained rally on fundamentals and economics, even = tho=20 that would be legitimate as I see these factors.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Ddukemill@tampabay.rr.com = href=3D"mailto:dukemill@tampabay.rr.com">Duke=20 Miller</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">CANSLIM</A> </DIV> <DIV><B>Sent:</B> Sunday, July 07, 2002 12:43 PM</DIV> <DIV><B>Subject:</B> [CANSLIM] Screening</DIV></DIV> <DIV><BR></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>Ok, wake up = out=20 there!! </FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 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? Is it time to proceed with some early-on = mining?</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 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=20 50-something mind needs to be refreshed upon because it's meaningful, = and I'm=20 prone to forgetting. (See anecdote at end of this message; if it = rings a=20 bell, so to speak, you need your own CAN SLIM Keepers=20 Folder!).</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 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=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002><FONT face=3DArial>On April 29, = Katherine,=20 you summarized your screening tactics in an email, subject: "How are = you=20 choosing your stocks." To paraphrase:</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 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=20 these criteria, you flip through the charts to see which are setting = up, then=20 proceed to additional scrutiny. The following is quoting = directly from=20 your email:(hilite is mine):</FONT></SPAN></DIV> <DIV><SPAN class=3D093400116-07072002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D093400116-07072002>With respect to annual and = quarterly=20 growth, ROE, D/E, cashflow etc., again, I look at these things in = total,=20 knowing that <FONT color=3D#ff0000>accounting rules often obfuscate = the "real"=20 story</FONT>. For that reason, I like to skim the recent SEC filings = if a=20 stock makes my short due diligence list, rather than eliminating = stocks=20 entirely just because ROE is 14.6 vs 15% for example. = </SPAN></DIV><FONT=20 size=3D2> <P align=3Dleft></FONT><SPAN class=3D093400116-07072002>At the risk of = interrupting Katherine's summer reading program, my question for = the=20 week: </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=20 before that my feeling is the stocks that have not succumbed as much=20 lately (RS above 90, for instance) will be huge winners; = they are=20 passing "obfuscated '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=20 kitchen. The two </FONT></P> <P><FONT size=3D2>>elderly gentlemen were talking, and one said, = "Last night=20 we 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=20 that restaurant we went to last night?"</SPAN></FONT></P> <P><FONT size=3D2>></FONT></P></BLOCKQUOTE></SPAN></BODY></HTML> - ------=_NextPart_000_0033_01C225BC.E7460400-- - - - -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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