Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] WORLEY'S WATCHLIST WANNABES, timesaving
Date: Sun, 25 Aug 2002 10:28:20 -0700 (PDT)

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Hermann

Your logic is seriously flawed if you only look at
stocks which appear on the list two weeks in a row.
Have you considered that the stocks which doesn't make
the list might broken out the week before and is over
extended? In an extreme case you will miss ALL the
breakouts from the list and only watch the losers.

For example say stocks A, B and C are on the list this
week.  You wait for next week and notice B, C and D is
on the list now. You do DD on B and C.  But maybe A
broke out the week before and you missed it because
you weren't looking.  The following week B might broke
down and D broke out, so next week you will only look
at C which is left over from this week and you missed
yet again another breakout since you weren't looking
at D.

Why did you decide to wait for a stock to make the
list two weeks in a row?  You might save even more
time if you wait for 3, or 4 weeks.

Maybe if you run your own screens and understand how
they work you wouldn't be so surprised every week by
the amount they change.

- - Fanus

> Date: Sat, 24 Aug 2002 19:35:48 -0500
> To: canslim@lists.xmission.com
> From: Hermann Ertl <hertl@attglobal.net>
> Subject: [CANSLIM] WORLEY'S WATCHLIST WANNABES,
> timesaving
> Sender: owner-canslim@lists.xmission.com
> 
> 
> I am surprised by the extend the selections change.
> Below are
> the selections since June 29; those marked with an
> "*" were
> dropped the following week - the vast majority in
> every week's
> list. Tom explains, "I still only look at each chart
> for about
> 20-30 seconds. My comments are my impression,
> strictly an
> opinion and worth every penny paid for it."
> 
> We, who do DD on Tom's selections, can save a lot of
> time if we
> check only those selections of the previous week
> that were not
> dropped, in the latest case AF, BLUD, BRKL, FCN, nad
> SBMC.
> 
> 29Jun  6Jul  13Jul  20Jul  27Jul  3Aug   10Aug 
> 17Aug  24Aug
> ACMR*  ALV*  ACMR*  BL*    BLUD   ALAB*  FCN    AF  
>   AF
> AMZ    AMZ*  APOL*  BLUD   CHCO*  ANDE*  FNBP  
> ANDE*  AGII
> APOL   APOL  ASL*   CHCO   CTSH   APOL*  HBEK* 
> APOL*  AMSG
> APSG   APSG* FESX*  CTSH   FCBP*  AROW*  HRB*   BLUD
>   ANDE
> CECO*  BY*   FNLY*  DOCC*  HBEK*  BLUD*  NYCB*  BRKL
>   BLUD
> DLTR*  CHBS* IBKC*  EPIQ*         CTSH*  OSTE*  CSG*
>   BRKL
> EPIQ*  COCO* INTU*  FCN*          DCOM*  QSII  
> CSTR*  CVH
> FNLY   CPS*  ITLA*  HBEK          DOCC*  SBMC*  DCOM
>   DCOM
> FSTW*  CTSH* LBAI*  PGC*          DORL*  SFNT  
> DOCC*  DF
> HRH*   DOCC* OZRK*  RLI*          FCN    TRBS  
> DORL*  EPIQ
> MMSI*  ELK*  PGC    SCHN*         FSTW*        
> FCBP*  EWBC
> MOVI*  FNLY  SCHN   UCFC*         PORT*         FCN 
>   FCN
> MTH*   INTU  THO*   VIBC*         SBMC         
> FNBP*  FESX
> OVRL*  JILL* VIBC   WHI*          SSNC*        
> HBHC*  FOSL
> SYPR*  JJSF*        ZAP*                       
> INVN*  GGC
> WSH*   KBH*                                    
> NWRE*  HARB
>        LABS*                                   
> PORT*  HET
>        LEN*                                    
> QCBC*  HRB
>        LTD*                                    
> QSII*  IBKC
>        MDC*                                     SBMC
>   ISLE
>        MEDW*                                   
> SFNT*  PORT
>        SSNC*                                   
> SSNC*  SBMC
>                                                
> TRBS*  TTWO
>                                                
> TRYF*
>                                                
> WFMI*
> 
> 
> 
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