Go to Jeff Salisbury LWGate Home Page.From: "Boyd" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions?
Date: Mon, 26 Aug 2002 18:48:49 GMT
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Thanks Katherine. Unfortunately I am not a D$G$O subscriber at this time. It's interesting that DGO claims accuracy while IBD admits inaccuracy, 'cept on Tuesdays. Reminds me of the chubby little guy on Popeye cartoons who was always borrowing money to purchase a burger and promising to repay the loan on "next Tuesday." Norm Katherine Malm writes: > 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 ----- > From: Custserv@dailygraphs.com > To: kmalm@earthlink.net > 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 ----- > 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. > | > | Norm > | > | ----- 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? > | > | > | > 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. > | > > | > > | > | > | - > | -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.
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