Re: [CANSLIM] CANSLIM Hunting List 09/20/02

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] CANSLIM Hunting List 09/20/02
Date: Mon, 23 Sep 2002 22:49:11 -0500
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Hi Elmer,

As noted in the comments on the spreadsheet:
"If you prefer stocks with CANSLIM recommended minimum prices ($12-$15), =
simply filter for Price >=3D12 and ignore the rest."

There are many measures of liquidity, avg daily volume being only one of =
many. WON prefers stocks >=3D$15 and >=3D200,000 avg daily volume. For =
the most part, institutions prefer >=3D$10 per share.

While you may prefer to stick to WON's personal guidelines, others  find =
minimums with which they feel comfortable. For some, the "dip down" into =
lower prices and liquidity is simply a means to monitor the up and =
comers. For others it is prime hunting territory.=20

By the way, the "hunting list" is my own, offered up for those who wish =
to use it and is not officially sanctioned by WON or IBD. You'll find =
that each person has their own personal way of hunting for CANSLIM =
quality stocks. I prefer to look at forward growth rates and bare bones =
minimum technicals including RS and price in relationship to 50 and 200 =
day moving averages as "hunting territory." Others prefer to start only =
with stocks meeting particular fundamental characteristics, others =
prefer only stocks in leading industries, others prefer utilizing =
minimum EPS and SMR rankings, etc. The list goes on..... bottom line is =
that "hunting" or "mining" is merely a starting point, but where you =
start is sometimes the most important step you take on the road to =
selecting and purchasing candidates.

Katherine
  ----- Original Message -----=20
  From: Sally5455@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, September 23, 2002 10:28 PM
  Subject: Re: [CANSLIM] CANSLIM Hunting List 09/20/02


  In a message dated 9/23/2002 10:13:46 AM Central Daylight Time, =
kmalm@earthlink.net writes:



    In order to make it to the list, the stock had to have a forward =
growth rate of at least 15%, Price at least 6, Avg Daily Vol at least =
30K, RS at least 60, no more than 15% below the 50 day SMA, and at or =
above the 200 day SMA. This is what I consider to be "bare bones" =
requirements for CANSLIM quality stocks.


  I'm confused with the price and avg daily volume numbers. They don't =
match what I learned from the HTMMIS and IBD. Is this modified Can Slim?

  Elmer=20

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<DIV>Hi Elmer,</DIV>
<DIV>&nbsp;</DIV>
<DIV>As noted in the comments on the spreadsheet:</DIV>
<DIV>"If you prefer stocks with CANSLIM recommended minimum prices =
($12-$15),=20
simply filter for Price &gt;=3D12 and ignore the rest."</DIV>
<DIV>&nbsp;</DIV>
<DIV>There are many measures of liquidity, avg daily volume being only =
one of=20
many. WON prefers stocks &gt;=3D$15 and &gt;=3D200,000 avg daily volume. =
For the=20
most part, institutions prefer &gt;=3D$10 per share.</DIV>
<DIV>&nbsp;</DIV>
<DIV>While you may prefer to stick to WON's personal guidelines, =
others&nbsp;=20
find minimums with which they feel comfortable. For some, the "dip down" =
into=20
lower prices and liquidity is simply a means to monitor the up and =
comers. For=20
others it is prime hunting territory. </DIV>
<DIV>&nbsp;</DIV>
<DIV>By the way, the "hunting list" is my own, offered up for those who =
wish to=20
use it and is not officially sanctioned by WON or&nbsp;IBD. You'll find =
that=20
each person has their own personal way of hunting for CANSLIM quality =
stocks. I=20
prefer to look at forward growth rates and bare bones minimum technicals =

including RS and price in relationship to 50 and 200 day moving averages =
as=20
"hunting territory." Others prefer to start only with stocks meeting =
particular=20
fundamental characteristics, others prefer only stocks in leading =
industries,=20
others prefer utilizing minimum EPS and SMR rankings, etc. The list goes =
on.....=20
bottom line is that "hunting" or "mining" is merely a starting point, =
but where=20
you start is sometimes the most important step you take on the road to =
selecting=20
and purchasing candidates.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</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=3DSally5455@aol.com=20
  href=3D"mailto:Sally5455@aol.com">Sally5455@aol.com</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, September 23, =
2002 10:28=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] CANSLIM =
Hunting=20
  List 09/20/02</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3DArial size=3D2=20
  FAMILY=3D"SANSSERIF">In a message dated 9/23/2002 10:13:46 AM Central =
Daylight=20
  Time, <A href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>=20
  writes:<BR><BR><BR>
  <BLOCKQUOTE=20
  style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px =
solid; MARGIN-RIGHT: 0px"=20
  TYPE=3D"CITE">In order to make it to the list, the stock had to have a =
forward=20
    growth rate of at least 15%, Price at least 6, Avg Daily Vol at =
least 30K,=20
    RS at least 60, no more than 15% below the 50 day SMA, and at or =
above the=20
    200 day SMA. This is what I consider to be "bare bones" requirements =
for=20
    CANSLIM quality stocks.</BLOCKQUOTE><BR><BR>I'm confused with the =
price and=20
  avg daily volume numbers. They don't match what I learned from the =
HTMMIS and=20
  IBD. Is this modified Can Slim?<BR><BR>Elmer</FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

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