Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Screening
Date: Sun, 7 Jul 2002 12:56:27 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_0022_01C225B5.B4DE6FE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke, 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=20 >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=20 >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_0022_01C225B5.B4DE6FE0 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>Duke, aside from raising my upper price limit to = $20 from=20 $18 and market cap from $500 million to $650 million some months ago = (partially=20 because of greater buying power thanks to early profits), I have made = little=20 change in screening. I have been far less restrictive on RS on stocks I = already=20 hold so long as fundamentals are holding up to my = 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 = encouraging.=20 Most stocks are so beaten down right now it will take time to see the = same on=20 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 not=20 actual news, will keep this issue in the forefront for some = 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 of=20 frenzied buying, by value shoppers, by sidelined cash that wants to be = in the=20 market, and by the shorters having to cover. I have less confidence that = it=20 could lead to a sustained rally on fundamentals and economics, even tho = that=20 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 = 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_0022_01C225B5.B4DE6FE0-- - - - -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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