Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Which One Is Better - Updated
Date: Mon, 12 Aug 2002 22:25:05 -0400
Previous Article (by Author): [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) "Tom Worley"
Top of Thread: RE: [CANSLIM] Which One Is Better - Updated "Duke Miller"
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MessageDuke, guess it comes from playing with the small caps, where few =
analysts bother (or are scared) to tread. So I am used to making up my =
own mind about company forecasts. Where an analyst's forecast is =
available, I always weigh it with my own judgment to see if it makes =
logical sense, and appears doable based on what the company has recently =
been doing.=20
Likewise, very few companies that interest me use big 5 (now 4) auditing =
firms, so I have been less impacted by the loss of credibility in =
auditors. Still, I think most are honest, just dealing with rules that =
both shift with time, and are subject to interpretation. I think =
Andersen was (is) a poor example in that they were far more susceptible =
to pressure from companies they both audited, and advised.
When my wife went through college, I was very capable and able to tutor =
her in all her math courses. But when it came to her accounting classes, =
I was hopeless, and finally concluded that the only way I could =
understand accounting was to read it upside down and in a mirror.
- ----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Monday, August 12, 2002 10:13 PM
Subject: RE: [CANSLIM] Which One Is Better - Updated
So where are we headed?
You have little or no faith in the auditors.
You can't believe ANY analysts ratings whatsoever. (Really, name a =
brokerage you think YOU can trust to provide unbiased analysis.)
Now we've got "The Investor's Newspaper" (IBD) feeding us "Same =
definition, same data base, same company, different numbers." (What's =
really strange is they are CONSISTENTLY different!)
And now our beloved Katherine, who's got more numbers than Carter has =
liver pills, cries out, "...don't use the numbers." What numbers can we =
use?
Where the hell did I put my darts?
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Monday, August 12, 2002 9:03 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Which One Is Better - Updated
You know, I have a simple solution for this kind of dilemma....don't =
use the numbers.=20
I know it's tempting to use a number like this, as it seems to "tell =
you everything" about the stock. But I think once you summarize summary =
numbers, you're asking for trouble. I rank the composite score as =
"mildly useful."
Here's an example. I'll select a couple of stocks that have come up =
for discussion here in the last few months: WTW and TOL.
Scores?
WTW =3D 96
TOL =3D 95
Yet, look at the charts. WTW broke out today, TOL is rolling over and =
playing dead. Doesn't sound like a score of 95/96 "tells" me everything =
I need to know about the stocks.
Katherine
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Monday, August 12, 2002 7:41 PM
Subject: Re: [CANSLIM] Which One Is Better - Updated
Arghhh!=20
Same definition
Same data base
Same company
different numbers!
----- Original Message -----=20
From: Bill Triffet=20
To: canslim@lists.xmission.com=20
Sent: Monday, August 12, 2002 6:58 PM
Subject: Re: [CANSLIM] Which One Is Better - Updated
Either way, it appears that the IBD data paints a prettier picture =
of the
stocks.
-Bill
----- Original Message -----
From: "Gene Ricci" <genr@swbell.net>
To: <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 4:50 PM
Subject: Re: [CANSLIM] Which One Is Better - Updated
I just had today's update figures for DGO sent to me.
The 3 columns are 8/9 DGO data
8/12 IBD readings 30 minutes ago
8/12 DGO just received today's download
Hi Katherine, I hadn't checked today and after reading your note, =
I
'thought' I was in error.
However, I just went and checked several stocks:
8/9 8/12 8/12
DGO IBD DGO
AAON 85 86 83
AIR 38 55 32
ABCB 89 90 90
ABM 77 85 75
ABN 58 67 58
ACE 69 86 71
ACMR 92 95 92
AES 24 30 25
AFCE 72 79 74
AFL 92 95 91
The first ten (10) I checked showed different numbers.
My question still stands, which one is better?
Gene
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Monday, August 12, 2002 5:47 PM
Subject: Re: [CANSLIM] Which One Is Better
Hi Gene,
There seems to be conflicting information on this...See DGO's =
reply to my
recent inquiry (7/31) about the very same thing:
Hi Katherine,
Thank you for your recent email to Daily Graphs Online.
I apologize, but the recent additions to our services have not yet =
been
reflected in our Image Maps resource. We plan on making the =
update soon.
TO address your question, I would like to confirm that the =
Composite Rating
you see on our service is the same SmartSelect=AE Composite Rating =
that is
provided by the Investor's Business Daily and investors.com.
Please write back if you have any questions or need assistance.
Best regards,
Dan
Daily Graphs Online
www.dailygraphs.com
----- Original Message -----
From: Gene Ricci
To: canslim@lists.xmission.com
Sent: Monday, August 12, 2002 4:06 PM
Subject: [CANSLIM] Which One Is Better
Let's see, IBD provides an Overall Rating and now DGO provides a =
Composite
Rating. Has anyone determined which one is better?
Gene
The new SmartSelect=AE Composite Rating in Investor's Business =
Daily and
the Stock Checkup Overall Rating found on investors.com are based =
on
different formulas.
The SmartSelect=AE Composite Rating combines all 5 SmartSelect =
Ratings
into one easy-to-use rating. More weight is placed on EPS and RS
Rating, and the stock's percent off its 52-week high is also =
included in
the formula. Results are then compared to all other companies, =
and each
company is assigned a rating from 1-99 with 99 being the best. =
This
rating is designed to help you get a quick feel for how a =
company's
SmartSelect=AE Ratings compare to all other stocks in our =
database. This
is intended to be an additional tool to help you find the stocks =
with
the highest SmartSelect=AE Ratings, quickly and easily.
The Overall Rating in the Stock Checkup is determined by a =
proprietary
formula incorporating all five of the Stock Checkup ratings. These =
are
the Technical Rating, Fundamental Rating, Attractiveness Rating, =
Group's
Technical Rating and Group's Fundamental Rating. The Stock =
Checkup uses
over 30 different variables including all the SmartSelect=AE =
Ratings to
calculate the Overall Rating. When using the Stock Checkup, focus =
not
only on the Overall Rating but all 6 of the Checkup Ratings. Also =
study
how the stock compares to its group within the individual Checkup
Ratings.
-
-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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<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>
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Duke, guess it comes from playing with the small =
caps,=20
where few analysts bother (or are scared) to tread. So I am used to =
making up my=20
own mind about company forecasts. Where an analyst's forecast is =
available, I=20
always weigh it with my own judgment to see if it makes logical sense, =
and=20
appears doable based on what the company has recently been doing. =
</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Likewise, very few companies that interest me =
use big 5=20
(now 4) auditing firms, so I have been less impacted by the loss of =
credibility=20
in auditors. Still, I think most are honest, just dealing with rules =
that both=20
shift with time, and are subject to interpretation. I think =
Andersen was=20
(is) a poor example in that they were far more susceptible to pressure =
from=20
companies they both audited, and advised.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>When my wife went through college, I was very =
capable=20
and able to tutor her in all her math courses. But when it came to =
her=20
accounting classes, I was hopeless, and finally concluded that the only =
way I=20
could understand accounting was to read it upside down and in a=20
mirror.</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@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Monday, August 12, 2002 10:13 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] Which One Is Better - =
Updated</DIV></DIV>
<DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT><BR></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT face=3DArial>So where are we =
headed?</FONT></SPAN></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D546280702-13082002><FONT face=3DArial>You have little =
or no faith=20
in the auditors.</FONT></SPAN></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D546280702-13082002><FONT face=3DArial>You can't =
believe ANY=20
analysts ratings whatsoever. (Really, name a brokerage you think =
YOU can=20
trust to provide unbiased analysis.)</FONT></SPAN></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D546280702-13082002><FONT face=3DArial>Now we've got =
"The=20
Investor's Newspaper" (IBD) feeding us "Same definition, same data =
base,=20
same company, different numbers." (What's really strange is they =
are=20
CONSISTENTLY different!)</FONT></SPAN></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D546280702-13082002><FONT face=3DArial>And now our =
beloved=20
Katherine, who's got more numbers than Carter has liver =
pills, cries=20
out, "...don't use the numbers." What numbers can we=20
use?</FONT></SPAN></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D546280702-13082002><FONT face=3DArial>Where the hell =
did I put my=20
darts?</FONT></SPAN></DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D546280702-13082002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Katherine Malm<BR><B>Sent:</B> Monday, August 12, =
2002=20
9:03 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
Re:=20
[CANSLIM] Which One Is Better - Updated<BR><BR></FONT></DIV>
<DIV>You know, I have a simple solution for this kind of =
dilemma....don't use=20
the numbers. </DIV>
<DIV> </DIV>
<DIV>I know it's tempting to use a number like this, as it seems to =
"tell you=20
everything" about the stock. But I think once you summarize summary =
numbers,=20
you're asking for trouble. I rank the composite score as "mildly=20
useful."</DIV>
<DIV> </DIV>
<DIV>Here's an example. I'll select a couple of stocks that have come =
up for=20
discussion here in the last few months: WTW and TOL.</DIV>
<DIV> </DIV>
<DIV>Scores?</DIV>
<DIV>WTW =3D 96</DIV>
<DIV>TOL =3D 95</DIV>
<DIV> </DIV>
<DIV>Yet, look at the charts. WTW broke out today, TOL is rolling over =
and=20
playing dead. Doesn't sound like a score of 95/96 "tells" me =
everything I need=20
to know about the stocks.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</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> Monday, August 12, 2002 =
7:41=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Which =
One Is=20
Better - Updated</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Arghhh! </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Same definition</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Same data base</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Same company</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">different numbers!</FONT></DIV>
<BLOCKQUOTE=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=3Dbtriffet@earthlink.net =
href=3D"mailto:btriffet@earthlink.net">Bill=20
Triffet</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Monday, August 12, =
2002 6:58=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Which One Is=20
Better - Updated</DIV>
<DIV><BR></DIV>Either way, it appears that the IBD data paints a =
prettier=20
picture of the<BR>stocks.<BR><BR>-Bill<BR><BR>----- Original =
Message=20
-----<BR>From: "Gene Ricci" <<A=20
href=3D"mailto:genr@swbell.net">genr@swbell.net</A>><BR>To: =
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Monday, August 12, 2002 4:50 PM<BR>Subject: Re: [CANSLIM] Which =
One Is=20
Better - Updated<BR><BR><BR>I just had today's update figures for =
DGO sent=20
to me.<BR>The 3 columns are 8/9 DGO data<BR>8/12 IBD readings 30 =
minutes=20
ago<BR>8/12 DGO just received today's download<BR><BR><BR>Hi =
Katherine, I=20
hadn't checked today and after reading your note, I<BR>'thought' I =
was in=20
error.<BR><BR>However, I just went and checked several=20
=
stocks:<BR> &n=
bsp; =20
8/9 8/12 =20
=
8/12<BR>  =
; =20
DGO IBD DGO<BR>AAON =20
85 86 =20
83<BR>AIR =20
38 55 =20
32<BR>ABCB =
89 =20
90 =20
90<BR>ABM =20
77 85 =20
75<BR>ABN =20
58 67 =20
58<BR>ACE =20
69 86 =20
71<BR>ACMR 92 =20
95 =20
92<BR>AES =20
24 30 =20
25<BR>AFCE =
72 =20
79 =20
74<BR>AFL =20
92 95 =20
91<BR><BR><BR>The first ten (10) I checked showed different=20
numbers.<BR><BR>My question still stands, which one is=20
better?<BR><BR>Gene<BR><BR><BR><BR>----- Original Message =
- -----<BR>From:=20
Katherine Malm<BR>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Sent:=20
Monday, August 12, 2002 5:47 PM<BR>Subject: Re: [CANSLIM] Which =
One Is=20
Better<BR><BR><BR>Hi Gene,<BR><BR>There seems to be conflicting=20
information on this...See DGO's reply to my<BR>recent inquiry =
(7/31) about=20
the very same thing:<BR><BR><BR><BR><BR>Hi Katherine,<BR><BR>Thank =
you for=20
your recent email to Daily Graphs Online.<BR><BR>I apologize, but =
the=20
recent additions to our services have not yet been<BR>reflected in =
our=20
Image Maps resource. We plan on making the update =
soon.<BR>TO=20
address your question, I would like to confirm that the Composite=20
Rating<BR>you see on our service is the same SmartSelect=AE =
Composite Rating=20
that is<BR>provided by the Investor's Business Daily and=20
investors.com.<BR><BR>Please write back if you have any questions =
or need=20
assistance.<BR><BR>Best regards,<BR>Dan<BR>Daily Graphs =
Online<BR><A=20
=
href=3D"http://www.dailygraphs.com">www.dailygraphs.com</A><BR><BR>----- =
Original Message -----<BR>From: Gene Ricci<BR>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Sent:=20
Monday, August 12, 2002 4:06 PM<BR>Subject: [CANSLIM] Which One Is =
Better<BR><BR><BR>Let's see, IBD provides an Overall Rating and =
now DGO=20
provides a Composite<BR>Rating. Has anyone determined which one is =
better?<BR><BR>Gene<BR><BR>The new SmartSelect=AE Composite Rating =
in=20
Investor's Business Daily and<BR>the Stock Checkup Overall Rating =
found on=20
investors.com are based on<BR>different formulas.<BR><BR>The =
SmartSelect=AE=20
Composite Rating combines all 5 SmartSelect Ratings<BR>into one=20
easy-to-use rating. More weight is placed on EPS and =
RS<BR>Rating,=20
and the stock's percent off its 52-week high is also included =
in<BR>the=20
formula. Results are then compared to all other companies, =
and=20
each<BR>company is assigned a rating from 1-99 with 99 being the=20
best. This<BR>rating is designed to help you get a quick =
feel for=20
how a company's<BR>SmartSelect=AE Ratings compare to all other =
stocks in our=20
database. This<BR>is intended to be an additional tool to =
help you=20
find the stocks with<BR>the highest SmartSelect=AE Ratings, =
quickly and=20
easily.<BR><BR>The Overall Rating in the Stock Checkup is =
determined by a=20
proprietary<BR>formula incorporating all five of the Stock Checkup =
ratings. These are<BR>the Technical Rating, Fundamental Rating,=20
Attractiveness Rating, Group's<BR>Technical Rating and Group's =
Fundamental=20
Rating. The Stock Checkup uses<BR>over 30 different =
variables=20
including all the SmartSelect=AE Ratings to<BR>calculate the =
Overall=20
Rating. When using the Stock Checkup, focus not<BR>only on =
the=20
Overall Rating but all 6 of the Checkup Ratings. Also =
study<BR>how=20
the stock compares to its group within the individual=20
Checkup<BR>Ratings.<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, =
email=20
"<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your =
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subscribe/unsubscribe, email "<A=20
=
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=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Author): [CANSLIM] for DGO Users (was Fw: Conseco [T20020813002H]) "Tom Worley"
Top of Thread: RE: [CANSLIM] Which One Is Better - Updated "Duke Miller"
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