Re: [CANSLIM] Ask Bill--Does anybody really ask these questions?


From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions?
Date: Mon, 26 Aug 2002 14:31:20 -0400

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Hi, Katherine,

Did you mean to send this to Norm or the group?
Ann
  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, August 26, 2002 2:25 PM
  Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?


  Hi Norm,

  I double checked on this before responding, but the Group RS ratings =
displayed on the DGO charts are updated daily just after close. The =
report which allows export of these values is available in one of the =
reports updated on Saturday. (DailyGraphs Printed Product Company =
Index).

  Katherine

  Here is DGO's response to my inquiry:
  ----- Original Message -----=20
  From: Custserv@dailygraphs.com=20
  To: kmalm@earthlink.net=20
  Sent: Monday, August 26, 2002 1:15 PM
  Subject: Re: Group RS Ratings [T20020826007X]


  Hi Katherine,

  David has stepped out of the office so please allow me to assist you.  =
The Group RS numerical rating on the Weekly chart updates every day =
between 3:00 and 3:30 PM PST.  We actually update our SmartSelect data =
items (RS, EPS, Acc/Dis, SMR, GroupRS) each day just a couple of hours =
after the close.  All of our other data items update later in the =
evening.

  Please feel free to email us if you have any other questions or =
comments.

  Best regards,

  John

  Daily Graphs Online

  ----- Original Message -----=20
  From: "Norman" <theboyd@tisd.net>
  To: <canslim@lists.xmission.com>
  Sent: Monday, August 26, 2002 6:41 AM
  Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?


  | There is a similar phenomenon that happens with the Industry Group =
ranks.
  | The ranking that is printed in the Wednesday-Monday papers has in =
the past
  | contained errors because they run this through very quickly, =
immediately
  | after M close, trying to meet the printing deadline.  The Tuesday =
issue is
  | the only one that doesn't have the short deadline and so has the =
only
  | "double-checked" accurate group rankings.  If you want accurate =
group
  | rankings use the Tuesday issue.  I have no idea if this is reflected =
in DGO.
  |=20
  | Norm
  |=20
  | ----- Original Message -----
  | From: "Tom Worley" <stkguru@bellsouth.net>
  | To: <canslim@lists.xmission.com>
  | Sent: Sunday, August 25, 2002 6:35 AM
  | Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
  |=20
  |=20
  | > John, I don't subscribe to IBD or use their site, so no first hand
  | > experience. But from other similar discrepancies members have =
found, have
  | > you tried looking at the day before or after to see if they would =
match
  | for
  | > a different day? The rush to get the paper into print may mean the =
net
  | site
  | > is updated with later data.
  | >
  | > ----- Original Message -----
  | > From: "John Calkins" <jcalkins@olypen.com>
  | > To: <canslim@lists.xmission.com>
  | > Sent: Sunday, August 25, 2002 2:24 AM
  | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
  | >
  | > You people are awesome!
  | >
  | > You really are on track with what's happening with IBD, CANSLIM =
and the
  | > Market!
  | >
  | > Two weeks ago I "Asked Bill" but got no answer to:  Why doesn't =
the "Where
  | > The Big Money's Flowing Now" on Investors.com match "Where The Big =
Money's
  | > Flowing" from IBD.  I realize that they only show the top seven up =
and
  | down
  | > but there has been several occasions that I've looked at the =
Investors.com
  | > list and there were some symbols omitted or added that didn't show =
in IBD
  | or
  | > visa-versa. So which one is right?  I read that they use the same =
screen.
  | >
  | > You know, I'll bet ya I'll get some kind of an answer from this =
group!
  | And
  | > this is why we all like this group so much.
  | >
  | > (JC)
  | >
  | > I really don't care if its a right answer, at least I feel like =
I'm not
  | > loosing it.
  | >
  | > ----- Original Message -----
  | > From: "Tom Worley" <stkguru@bellsouth.net>
  | > To: <canslim@lists.xmission.com>
  | > Sent: Saturday, August 24, 2002 9:00 PM
  | > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
  | >
  | > > Bill, just don't hold your breath waiting for an answer!!
  | > >
  | > > ----- Original Message -----
  | > > From: "Bill Triffet" <btriffet@earthlink.net>
  | > > To: <canslim@lists.xmission.com>
  | > > Sent: Sunday, August 25, 2002 12:23 AM
  | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these
  | questions?
  | > >
  | > >
  | > > Well... this is the one I just sent  "Ask Bill"
  | > >
  | > > "Hey Bill, why don't you or your associates speak up during our
  | > discussions
  | > > at canslim@lists.xmission.com ? We'd sure like to get some input =
from
  | you
  | > > directly as you seem to only post OUR discussion topics in YOUR =
paper".
  | > >
  | > > One problem I could see with the very distant scenario of =
participating
  | > with
  | > > this group is they would be FLOODED with questions as they're =
considered
  | > by
  | > > most here to be experts in canslim.
  | > >
  | > > Maybe IBD will try to buy this list to offer it as a $$$ service =
to
  | > > subscribers? (ggg)
  | > >
  | > > Hope we get grandfathered in...(g)
  | > >
  | > > -Bill
  | > >
  | > >
  | > >
  | > > ----- Original Message -----
  | > > From: "Tom Worley" <stkguru@bellsouth.net>
  | > > To: <canslim@lists.xmission.com>
  | > > Sent: Saturday, August 24, 2002 7:41 PM
  | > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these
  | questions?
  | > >
  | > >
  | > > maybe while we weren't looking, we became the last CANSLIMers =
out there.
  | > So
  | > > they have to glean from our discussions just to have someone =
left to
  | "Ask
  | > > Bill". Then again, maybe they just want to tackle the soft =
questions.
  | > >
  | > > Maybe what we should do is every member flood IBD with "Ask =
Bill"
  | > questions,
  | > > and see if any get published from real people we actually know, =
instead
  | of
  | > > an unnamed person from Texarkana or wherever.
  | > >
  | > > ----- Original Message -----
  | > > From: Katherine Malm
  | > > To: canslim@lists.xmission.com
  | > > Sent: Saturday, August 24, 2002 10:32 PM
  | > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
  | > >
  | > >
  | > > Here is today's "Ask Bill" column. Sound familiar?
  | > >
  | > > Question: Can you please define "swing trader"?
  | > >
  | > >
  | > >
  | > > - Submitted from Texarkana, Texas
  | > >
  | > >
  | > >
  | > >
  | > >  Answer: A swing trader is one who trades short-term "swings" in =
the
  | > market,
  | > > stocks, options, etc. that last anywhere from a few days to just =
a few
  | > > weeks.
  | > >
  | > >
  | > >
  | > > I'd sure like to know why so often these questions are exactly =
the same
  | > > topics that appear on our email list. Why pick up on stuff like =
this and
  | > > make up bogus "Ask Bills" when I've still got at least 2 =
questions asked
  | > of
  | > > them and never answered (I'm sure there are others who've =
written
  | > questions
  | > > that aren't answered).
  | > >
  | > > For example, why the heck does the IBD calculate the ROE based =
on the
  | > > average of 2 years data? Huh? Since when did anybody use 2 years =
for
  | such
  | > a
  | > > measurement?
  | > >
  | > > Here's the Ask Bill I'm referring to (highlighting is mine):
  | > >
  | > > Ask Bill O'Neil Archives
  | > > Wednesday, August 21, 2002
  | > >
  | > > "Why is it some stocks showing accelerating earnings and sales =
growth
  | > still
  | > > have relatively low return on equity? Would you make an =
exception to
  | your
  | > > rule of buying stocks with ROE of 17% or better?"
  | > > - Submitted from Montgomery, Texas
  | > >
  | > > One possible reason is the fact that IBD's measure of ROE =
(return on
  | > equity)
  | > > takes an average of the ROE over the past two fiscal years. If a =
company
  | > > posted weak earnings or a loss in the previous year, that would =
dilute
  | its
  | > > ROE. Also keep in mind that ROE measures total operating =
earnings
  | divided
  | > by
  | > > shareholders' equity. So even when the year-over-year EPS growth =
is
  | > > accelerating, if earnings per share are small (say, only 4 or 8 =
cents),
  | it
  | > > may result in a relatively small numerator in the ROE equation. =
This is
  | > why
  | > > the best growth companies with strong ROE tend to show strong =
growth
  | over
  | > > several years, not just in a number of quarters. Regarding the =
rule of
  | > > having ROE of at least 17%, keep in mind that some of the best =
stocks
  | had
  | > an
  | > > ROE less than that, including Emulex (8% before its big price =
run-up
  | > > beginning in December 1998), Millennium Pharmaceuticals (7%) and
  | Qualcomm
  | > > (8%). But on average, the best stocks during the 1997-2000 =
period
  | sported
  | > an
  | > > average ROE of 23%.
  | > >
  | > >
  | > > --Katherine
  | > >
  | > >
  | > >
  | > > -
  | > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
  | > > -In the email body, write "subscribe canslim" or
  | > > -"unsubscribe canslim".  Do not use quotes in your email.
  | > >
  | > >
  | > >
  | > >
  | > > -
  | > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
  | > > -In the email body, write "subscribe canslim" or
  | > > -"unsubscribe canslim".  Do not use quotes in your email.
  | > >
  | >
  | > -
  | > -To subscribe/unsubscribe, email "majordomo@xmission.com"
  | > -In the email body, write "subscribe canslim" or
  | > -"unsubscribe canslim".  Do not use quotes in your email.
  | >
  | > -
  | > -To subscribe/unsubscribe, email "majordomo@xmission.com"
  | > -In the email body, write "subscribe canslim" or
  | > -"unsubscribe canslim".  Do not use quotes in your email.
  | >
  | >
  |=20
  |=20
  | -
  | -To subscribe/unsubscribe, email "majordomo@xmission.com"
  | -In the email body, write "subscribe canslim" or
  | -"unsubscribe canslim".  Do not use quotes in your email.=20

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<DIV><FONT size=3D2>Hi, Katherine,</FONT></DIV>
<DIV><FONT size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT size=3D2>Did you mean to send this to Norm or the =
group?</FONT></DIV>
<DIV>Ann</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
  Malm</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, August 26, 2002 =
2:25=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Ask =
Bill--Does=20
  anybody really ask these questions?</DIV>
  <DIV><BR></DIV>
  <DIV>Hi Norm,</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>I double checked on this before responding, but the Group RS =
ratings=20
  displayed on the DGO charts are updated daily just after close. The =
report=20
  which allows export of these values is available in one of the reports =
updated=20
  on Saturday. (DailyGraphs Printed Product Company Index).</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Katherine</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Here is DGO's response to my inquiry:</DIV>
  <DIV>
  <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
  <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black">From: <A=20
  title=3DCustserv@dailygraphs.com=20
  href=3D"mailto:Custserv@dailygraphs.com">Custserv@dailygraphs.com</A> =
</DIV>
  <DIV>To: <A title=3Dkmalm@earthlink.net=20
  href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A> </DIV>
  <DIV>Sent: Monday, August 26, 2002 1:15 PM</DIV>
  <DIV>Subject: Re: Group RS Ratings [T20020826007X]</DIV></DIV>
  <DIV><BR></DIV><!-- Converted from text/rtf format -->
  <P align=3Dleft><SPAN lang=3Den-us>Hi Katherine,</SPAN></P>
  <P align=3Dleft><SPAN lang=3Den-us>David has stepped out of the office =
so please=20
  allow me to assist you.&nbsp; The Group RS</SPAN><SPAN lang=3Den-us> =
numerical=20
  rating on the Weekly chart updates every day</SPAN><SPAN lang=3Den-us> =

  between</SPAN><SPAN lang=3Den-us> 3:00</SPAN><SPAN lang=3Den-us> and=20
  3:30</SPAN><SPAN lang=3Den-us> PM</SPAN><SPAN lang=3Den-us> =
PST.</SPAN><SPAN=20
  lang=3Den-us>&nbsp; We actually update our SmartSelect data items (RS, =
EPS,=20
  Acc/Dis, SMR, GroupRS)</SPAN><SPAN lang=3Den-us></SPAN><SPAN =
lang=3Den-us> each=20
  day</SPAN><SPAN lang=3Den-us> just a couple</SPAN><SPAN lang=3Den-us>=20
  of</SPAN><SPAN lang=3Den-us> hours</SPAN><SPAN lang=3Den-us> after the =

  close.&nbsp; All of our other data</SPAN><SPAN lang=3Den-us> =
items</SPAN><SPAN=20
  lang=3Den-us> update later in the evening.</SPAN><SPAN =
lang=3Den-us></SPAN></P>
  <P align=3Dleft><SPAN lang=3Den-us>Please feel free to email us if you =
have any=20
  other questions or comments.</SPAN></P>
  <P align=3Dleft><SPAN lang=3Den-us>Best regards,</SPAN></P>
  <P align=3Dleft><SPAN lang=3Den-us></SPAN><SPAN =
lang=3Den-us>John</SPAN></P>
  <P align=3Dleft><SPAN lang=3Den-us>Daily Graphs =
Online</SPAN></P></DIV>
  <DIV>----- Original Message -----=20
  <DIV>From: "Norman" &lt;<A=20
  href=3D"mailto:theboyd@tisd.net">theboyd@tisd.net</A>&gt;</DIV>
  <DIV>To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;</DIV>
  <DIV>Sent: Monday, August 26, 2002 6:41 AM</DIV>
  <DIV>Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these=20
  questions?</DIV></DIV>
  <DIV><BR></DIV>| There is a similar phenomenon that happens with the =
Industry=20
  Group ranks.<BR>| The ranking that is printed in the Wednesday-Monday =
papers=20
  has in the past<BR>| contained errors because they run this through =
very=20
  quickly, immediately<BR>| after M close, trying to meet the printing=20
  deadline.&nbsp; The Tuesday issue is<BR>| the only one that doesn't =
have the=20
  short deadline and so has the only<BR>| "double-checked" accurate =
group=20
  rankings.&nbsp; If you want accurate group<BR>| rankings use the =
Tuesday=20
  issue.&nbsp; I have no idea if this is reflected in DGO.<BR>| <BR>| =
Norm<BR>|=20
  <BR>| ----- Original Message -----<BR>| From: "Tom Worley" &lt;<A=20
  =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>&gt;<BR>| =
To:=20
  &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
  Sent: Sunday, August 25, 2002 6:35 AM<BR>| Subject: Re: [CANSLIM] Ask=20
  Bill--Does anybody really ask these questions?<BR>| <BR>| <BR>| &gt; =
John, I=20
  don't subscribe to IBD or use their site, so no first hand<BR>| &gt;=20
  experience. But from other similar discrepancies members have found, =
have<BR>|=20
  &gt; you tried looking at the day before or after to see if they would =

  match<BR>| for<BR>| &gt; a different day? The rush to get the paper =
into print=20
  may mean the net<BR>| site<BR>| &gt; is updated with later data.<BR>|=20
  &gt;<BR>| &gt; ----- Original Message -----<BR>| &gt; From: "John =
Calkins"=20
  &lt;<A =
href=3D"mailto:jcalkins@olypen.com">jcalkins@olypen.com</A>&gt;<BR>| =
&gt;=20
  To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
  &gt; Sent: Sunday, August 25, 2002 2:24 AM<BR>| &gt; Subject: Re: =
[CANSLIM]=20
  Ask Bill--Does anybody really ask these questions?<BR>| &gt;<BR>| &gt; =
You=20
  people are awesome!<BR>| &gt;<BR>| &gt; You really are on track with =
what's=20
  happening with IBD, CANSLIM and the<BR>| &gt; Market!<BR>| &gt;<BR>| =
&gt; Two=20
  weeks ago I "Asked Bill" but got no answer to:&nbsp; Why doesn't the=20
  "Where<BR>| &gt; The Big Money's Flowing Now" on Investors.com match =
"Where=20
  The Big Money's<BR>| &gt; Flowing" from IBD.&nbsp; I realize that they =
only=20
  show the top seven up and<BR>| down<BR>| &gt; but there has been =
several=20
  occasions that I've looked at the Investors.com<BR>| &gt; list and =
there were=20
  some symbols omitted or added that didn't show in IBD<BR>| or<BR>| =
&gt;=20
  visa-versa. So which one is right?&nbsp; I read that they use the same =

  screen.<BR>| &gt;<BR>| &gt; You know, I'll bet ya I'll get some kind =
of an=20
  answer from this group!<BR>| And<BR>| &gt; this is why we all like =
this group=20
  so much.<BR>| &gt;<BR>| &gt; (JC)<BR>| &gt;<BR>| &gt; I really don't =
care if=20
  its a right answer, at least I feel like I'm not<BR>| &gt; loosing =
it.<BR>|=20
  &gt;<BR>| &gt; ----- Original Message -----<BR>| &gt; From: "Tom =
Worley"=20
  &lt;<A =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>&gt;<BR>| =

  &gt; To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
  &gt; Sent: Saturday, August 24, 2002 9:00 PM<BR>| &gt; Subject: Re: =
[CANSLIM]=20
  Ask Bill--Does anybody really ask these questions?<BR>| &gt;<BR>| &gt; =
&gt;=20
  Bill, just don't hold your breath waiting for an answer!!<BR>| &gt; =
&gt;<BR>|=20
  &gt; &gt; ----- Original Message -----<BR>| &gt; &gt; From: "Bill =
Triffet"=20
  &lt;<A=20
  =
href=3D"mailto:btriffet@earthlink.net">btriffet@earthlink.net</A>&gt;<BR>=
| &gt;=20
  &gt; To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
  &gt; &gt; Sent: Sunday, August 25, 2002 12:23 AM<BR>| &gt; &gt; =
Subject: Re:=20
  [CANSLIM] Ask Bill--Does anybody really ask these<BR>| questions?<BR>| =
&gt;=20
  &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; Well... this is the one I just =
sent&nbsp;=20
  "Ask Bill"<BR>| &gt; &gt;<BR>| &gt; &gt; "Hey Bill, why don't you or =
your=20
  associates speak up during our<BR>| &gt; discussions<BR>| &gt; &gt; at =
<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 ? We'd=20
  sure like to get some input from<BR>| you<BR>| &gt; &gt; directly as =
you seem=20
  to only post OUR discussion topics in YOUR paper".<BR>| &gt; &gt;<BR>| =
&gt;=20
  &gt; One problem I could see with the very distant scenario of=20
  participating<BR>| &gt; with<BR>| &gt; &gt; this group is they would =
be=20
  FLOODED with questions as they're considered<BR>| &gt; by<BR>| &gt; =
&gt; most=20
  here to be experts in canslim.<BR>| &gt; &gt;<BR>| &gt; &gt; Maybe IBD =
will=20
  try to buy this list to offer it as a $$$ service to<BR>| &gt; &gt;=20
  subscribers? (ggg)<BR>| &gt; &gt;<BR>| &gt; &gt; Hope we get =
grandfathered=20
  in...(g)<BR>| &gt; &gt;<BR>| &gt; &gt; -Bill<BR>| &gt; &gt;<BR>| &gt;=20
  &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; ----- Original Message -----<BR>| =
&gt; &gt;=20
  From: "Tom Worley" &lt;<A=20
  =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>&gt;<BR>| =
&gt;=20
  &gt; To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
  &gt; &gt; Sent: Saturday, August 24, 2002 7:41 PM<BR>| &gt; &gt; =
Subject: Re:=20
  [CANSLIM] Ask Bill--Does anybody really ask these<BR>| questions?<BR>| =
&gt;=20
  &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; maybe while we weren't looking, we =
became=20
  the last CANSLIMers out there.<BR>| &gt; So<BR>| &gt; &gt; they have =
to glean=20
  from our discussions just to have someone left to<BR>| "Ask<BR>| &gt; =
&gt;=20
  Bill". Then again, maybe they just want to tackle the soft =
questions.<BR>|=20
  &gt; &gt;<BR>| &gt; &gt; Maybe what we should do is every member flood =
IBD=20
  with "Ask Bill"<BR>| &gt; questions,<BR>| &gt; &gt; and see if any get =

  published from real people we actually know, instead<BR>| of<BR>| &gt; =
&gt; an=20
  unnamed person from Texarkana or wherever.<BR>| &gt; &gt;<BR>| &gt; =
&gt; -----=20
  Original Message -----<BR>| &gt; &gt; From: Katherine Malm<BR>| &gt; =
&gt; To:=20
  <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>|=20
  &gt; &gt; Sent: Saturday, August 24, 2002 10:32 PM<BR>| &gt; &gt; =
Subject:=20
  [CANSLIM] Ask Bill--Does anybody really ask these questions?<BR>| &gt; =

  &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; Here is today's "Ask Bill" column. =
Sound=20
  familiar?<BR>| &gt; &gt;<BR>| &gt; &gt; Question: Can you please =
define "swing=20
  trader"?<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; - =

  Submitted from Texarkana, Texas<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| =
&gt;=20
  &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;&nbsp; Answer: A swing trader is one =
who=20
  trades short-term "swings" in the<BR>| &gt; market,<BR>| &gt; &gt; =
stocks,=20
  options, etc. that last anywhere from a few days to just a few<BR>| =
&gt; &gt;=20
  weeks.<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; I'd =
sure=20
  like to know why so often these questions are exactly the same<BR>| =
&gt; &gt;=20
  topics that appear on our email list. Why pick up on stuff like this =
and<BR>|=20
  &gt; &gt; make up bogus "Ask Bills" when I've still got at least 2 =
questions=20
  asked<BR>| &gt; of<BR>| &gt; &gt; them and never answered (I'm sure =
there are=20
  others who've written<BR>| &gt; questions<BR>| &gt; &gt; that aren't=20
  answered).<BR>| &gt; &gt;<BR>| &gt; &gt; For example, why the heck =
does the=20
  IBD calculate the ROE based on the<BR>| &gt; &gt; average of 2 years =
data?=20
  Huh? Since when did anybody use 2 years for<BR>| such<BR>| &gt; a<BR>| =
&gt;=20
  &gt; measurement?<BR>| &gt; &gt;<BR>| &gt; &gt; Here's the Ask Bill =
I'm=20
  referring to (highlighting is mine):<BR>| &gt; &gt;<BR>| &gt; &gt; Ask =
Bill=20
  O'Neil Archives<BR>| &gt; &gt; Wednesday, August 21, 2002<BR>| &gt; =
&gt;<BR>|=20
  &gt; &gt; "Why is it some stocks showing accelerating earnings and =
sales=20
  growth<BR>| &gt; still<BR>| &gt; &gt; have relatively low return on =
equity?=20
  Would you make an exception to<BR>| your<BR>| &gt; &gt; rule of buying =
stocks=20
  with ROE of 17% or better?"<BR>| &gt; &gt; - Submitted from =
Montgomery,=20
  Texas<BR>| &gt; &gt;<BR>| &gt; &gt; One possible reason is the fact =
that IBD's=20
  measure of ROE (return on<BR>| &gt; equity)<BR>| &gt; &gt; takes an =
average of=20
  the ROE over the past two fiscal years. If a company<BR>| &gt; &gt; =
posted=20
  weak earnings or a loss in the previous year, that would dilute<BR>| =
its<BR>|=20
  &gt; &gt; ROE. Also keep in mind that ROE measures total operating=20
  earnings<BR>| divided<BR>| &gt; by<BR>| &gt; &gt; shareholders' =
equity. So=20
  even when the year-over-year EPS growth is<BR>| &gt; &gt; =
accelerating, if=20
  earnings per share are small (say, only 4 or 8 cents),<BR>| it<BR>| =
&gt; &gt;=20
  may result in a relatively small numerator in the ROE equation. This =
is<BR>|=20
  &gt; why<BR>| &gt; &gt; the best growth companies with strong ROE tend =
to show=20
  strong growth<BR>| over<BR>| &gt; &gt; several years, not just in a =
number of=20
  quarters. Regarding the rule of<BR>| &gt; &gt; having ROE of at least =
17%,=20
  keep in mind that some of the best stocks<BR>| had<BR>| &gt; an<BR>| =
&gt; &gt;=20
  ROE less than that, including Emulex (8% before its big price =
run-up<BR>| &gt;=20
  &gt; beginning in December 1998), Millennium Pharmaceuticals (7%) =
and<BR>|=20
  Qualcomm<BR>| &gt; &gt; (8%). But on average, the best stocks during =
the=20
  1997-2000 period<BR>| sported<BR>| &gt; an<BR>| &gt; &gt; average ROE =
of=20
  23%.<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; --Katherine<BR>| =
&gt;=20
  &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; -<BR>| &gt; &gt; -To =

  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>| =
&gt;=20
  &gt; -In the email body, write "subscribe canslim" or<BR>| &gt; &gt;=20
  -"unsubscribe canslim".&nbsp; Do not use quotes in your email.<BR>| =
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