Go to Jeff Salisbury LWGate Home Page.From: AJAskey@aol.com
Subject: Re: [CANSLIM] MSN CANSLIM PowerSearch list grows substantially
Date: Wed, 18 Sep 2002 22:52:29 EDT
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- --part1_118.1796ec7a.2aba95ed_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I find the traditional PEG is not very useful for many CANSLIM stocks that are building a base. I use a modified PEG and find that it tells a better story (although not perfect). I calculate P/E from the previous 52 week high and the TTM earnings. This shows me what the trailing P/E will be when the stock breaks out. It doesn't do any good to make evaluations based on a P/E that will different when the stock breaks out. I use TTM growth but maybe projected growth will work better. Andy Askey In a message dated 9/18/2002 1:40:38 PM Central Daylight Time, Spencer48@aol.com writes: > Ian has pointed out in the past that small caps with nice repeatable > earnings and a healthy PEG [which is based on-presumptively > continuable-sales > growth in the current corner] - --part1_118.1796ec7a.2aba95ed_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit <HTML><FONT FACE=arial,helvetica><FONT SIZE=2>I find the traditional PEG is not very useful for many CANSLIM stocks that are building a base. I use a modified PEG and find that it tells a better story (although not perfect). I calculate P/E from the previous 52 week high and the TTM earnings. This shows me what the trailing P/E will be when the stock breaks out. It doesn't do any good to make evaluations based on a P/E that will different when the stock breaks out. I use TTM growth but maybe projected growth will work better.<BR> <BR> Andy Askey<BR> <BR> In a message dated 9/18/2002 1:40:38 PM Central Daylight Time, Spencer48@aol.com writes:<BR> <BR> <BR> <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Ian has pointed out in the past that small caps with nice repeatable <BR> earnings and a healthy PEG [which is based on-presumptively continuable-sales <BR> growth in the current corner]</BLOCKQUOTE><BR> <BR> </FONT></HTML> - --part1_118.1796ec7a.2aba95ed_boundary-- - - - -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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