Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] Re: WTW (was: Which One Is Better - Updated)
Date: Tue, 13 Aug 2002 09:32:35 -0500
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Hi Mike,
WTW didn't have the smoothest base, but it was a 12 week base nonetheless.
That's not unusual given the gyrations of the market as it's been groping
for this latest bottom. So that you can see my personal take on it, I've
annotated the chart at:
http://WallStreet-LLC.com/canslim/WTW081302.jpg
Gene noted that WTW is also featured in IBD's weblink today. They have also
annotated a chart, so you can see their interpretation at:
http://www.investors.com/weblink/
Katherine
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 8:50 AM
Subject: Re: [CANSLIM] Which One Is Better - Updated
Katherine,
Can you expound on the statement that WTW broke out? In looking at the
chart, I can sorta see a v shaped cwh, but in the handle, the volume did
NOT dry up.....what would you say the pivot point was?
Thanks
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To:
canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: Re: [CANSLIM]
Which One Is Better - Updated
ission.com
08/12/2002 08:02 PM
Please respond to
canslim
You know, I have a simple solution for this kind of dilemma....don't use
the numbers.
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 = 96
TOL = 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 -----
From: Gene Ricci
To: canslim@lists.xmission.com
Sent: Monday, August 12, 2002 7:41 PM
Subject: Re: [CANSLIM] Which One Is Better - Updated
Arghhh!
Same definition
Same data base
Same company
different numbers!
----- Original Message -----
From: Bill Triffet
To: canslim@lists.xmission.com
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® 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® Composite Rating in Investor's Business Daily and
the Stock Checkup Overall Rating found on investors.com are based on
different formulas.
The SmartSelect® 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® 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® 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® 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.
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