Re: [CANSLIM] AvgVol

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] AvgVol
Date: Tue, 9 Jul 2002 00:38:34 -0400
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no, not an option at Marketwatch. I do use an upper limit of 650,000 =
shares for that day's volume (combined with the requirement it must also =
be making a new high).

- ----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Monday, July 08, 2002 10:57 PM
Subject: [CANSLIM] AvgVol


Tom, do you have an upper limit on AvgVol?

Many thanks,
Gene
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, July 08, 2002 9:48 PM
  Subject: Re: [CANSLIM] "M"


  Correct, but apparently the perception in the industry was that =
revenues were more important than earnings, because the larger your =
sales, the better a deal you were likely to swing from providers and =
vendors and clients. Thus a 10% inflation of revenues made you look =
bigger than reality, and suggest Medco, in this case, would extract =
better pricing, be able to pass some of that savings along to its =
clients (employers), thus further increasing business while eventually =
helping profits and profit margins.=20

  Merck's justification for this was that they believed they were =
responsible if they misstated the patient's co-payment requirement (e.g. =
told a pharmacy to collect $5 when it should have been $10), but =
apparently this was not a true liability nor one ever paid by Medco.

  I really found it interesting that a big 4 accounting firm would sign =
off on one company's financial treatment of this issue, then sign off on =
another company handling it totally differently.


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<DIV><FONT face=3DArial>no, not an option at Marketwatch. I do use an =
upper limit=20
of 650,000 shares for that day's volume (combined with the requirement =
it must=20
also be making a new high).</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</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> Monday, July 08, 2002 10:57 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] AvgVol</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Tom, do you have an upper limit on=20
AvgVol?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Many thanks,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</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> Monday, July 08, 2002 =
9:48 PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
"M"</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial>Correct, but apparently the perception in the =
industry=20
  was that revenues were more important than earnings, because the =
larger your=20
  sales, the better a deal you were likely to swing from providers and =
vendors=20
  and clients. Thus a 10% inflation of revenues made you look bigger =
than=20
  reality, and suggest Medco, in this case, would extract better =
pricing, be=20
  able to pass some of that savings along to its clients (employers), =
thus=20
  further increasing business while eventually helping profits and =
profit=20
  margins. </FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial>Merck's justification for this was that they =
believed=20
  they were responsible if they misstated the patient's co-payment =
requirement=20
  (e.g. told a pharmacy to collect $5 when it should have been $10), but =

  apparently this was not a true liability nor one ever paid by=20
  Medco.</FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial>I really found it interesting that a big 4 =
accounting=20
  firm would sign off on one company's financial treatment of this =
issue, then=20
  sign off on another company handling it totally =
differently.</FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>

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