Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Screening
Date: Sun, 7 Jul 2002 21:11:43 -0400
Previous Article (by Date): Re: [CANSLIM] Screening "zillagirl"
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MessageThe Europeans already saw with the Vivendi deal that this is not =
just an "American" problem, as more and more successful companies become =
major global players, this practice of shading the books is liable to =
become a global problem.
- ----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 8:54 PM
Subject: Re: [CANSLIM] Screening
Good article on FREE REAL TIME.COM today. Compares what President Bush =
did when he was director of Harden Oil and sold 850,000.00 worth of =
stock right before they disclosed how much debt the company had been =
hiding , to the Enron problems. Was in the Wall Street Journal. Said he =
may have gotten off because his dad was president. NOT REPUBLICAN =
BASHING!!! Just noting how hard it is to get meaningful change in our =
political system because everyone(on both sides) has too much to gain by =
leaving things the way the are. I guess swallowing Martha Stewart whole =
will have to satisfy our appetites for justice. Lets just hope it =
satisfies the markets also, especially those of the European investors =
who are pulling more and more money out every day.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 1:47 PM
Subject: Re: [CANSLIM] Screening
tom-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 =
>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?"
>
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<DIV><FONT face=3DArial>The Europeans already saw with the Vivendi deal =
that this=20
is not just an "American" problem, as more and more successful companies =
become=20
major global players, this practice of shading the books is liable to =
become a=20
global problem.</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Sunday, July 07, 2002 8:54 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Screening</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Good article on FREE REAL TIME.COM =
today. Compares=20
what President Bush did when he was director of Harden Oil and sold =
850,000.00=20
worth of stock right before they disclosed how much debt the company had =
been=20
hiding , to the Enron problems. Was in the Wall Street Journal. =
Said he=20
may have gotten off because his dad was president. NOT REPUBLICAN=20
BASHING!!! Just noting how hard it is to get meaningful change in =
our=20
political system because everyone(on both sides) has too much to =
gain by=20
leaving things the way the are. I guess swallowing Martha Stewart =
whole=20
will have to satisfy our appetites for justice. Lets just hope it =
satisfies the=20
markets also, especially those of the European investors who are =
pulling=20
more and more money out every day.</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=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</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 =
1:47 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Screening</DIV>
<DIV><BR></DIV>
<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 section on pennystocks. Said they are becoming more popular =
because=20
people are feeling like if they are gambling on stocks may as well be =
cheap=20
ones. Noted WCOM went up 376% last week after new CEO came out and =
said it was=20
to big and important a company to go under. not so much canslim note =
as M=20
note. 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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, July 07, 2002 =
9:56=20
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 next week, noticed that the 10 day moving average for up =
/ down=20
volume had picked up on most indexes, even turned positive on some, =
so that=20
is encouraging. Most stocks are so beaten down right now it will =
take time=20
to see 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=20
out of the woodwork, just read an article on Halliburton (Dick =
Cheney was VP=20
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=20
Enron knew for several years of what was going on is also leading to =
more=20
politically inspired calls for reforms, and investigations of Bush. =
So the=20
politics, if 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=20
Friday was primarily a relief rally that there was no major =
terrorist attack=20
over the holiday (and now thru the weekend). That certainly could =
inspire a=20
day or two of frenzied buying, by value shoppers, by sidelined cash =
that=20
wants to be in the market, and by the shorters having to cover. I =
have less=20
confidence that it could lead to a sustained rally on fundamentals =
and=20
economics, even tho that would be legitimate as I see these=20
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=20
up? Is it time to proceed with some early-on=20
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=20
back 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=20
I'm prone to forgetting. (See anecdote at end of this message; =
if it=20
rings a 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=20
in the "from" line in my Keeper folder more than =
anyone else=20
(wonder why?), so I'm using her as the catapult for my =
query. At=20
the same time, I'm asking others to chime in, PLEASE. =20
</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,=20
then proceed to additional scrutiny. The following is quoting =
directly=20
from 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=20
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 =
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=20
giving 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=20
night 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=20
restaurant?" The first man</FONT></P>
<P><FONT size=3D2>>thought and thought and finally said, "What is =
the name=20
of that flower </FONT></P>
<P><FONT size=3D2>>you give to someone you love? You know... the =
one that=20
is 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></BLOCKQUOTE></SPAN></BODY></HTML>
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