Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Boomer Babies
Date: Fri, 25 Oct 2002 08:58:41 -0400
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- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci
Sent: Thursday, October 24, 2002 11:04 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Boomer Babies
Hi Duke, is it possible to repost your Boomer Babies or point me to the
URL?
Thanks,
Gene
- ----- Original Message -----
From: Duke Miller <mailto:dukemill@tampabay.rr.com>
To: CANSLIM <mailto:canslim@lists.xmission.com>
Sent: Thursday, October 24, 2002 11:16 AM
Subject: [CANSLIM] Boomer Babies
The Boomer Babies concept that that I passed on several weeks ago was so
poorly received by this group that I hesitate to bring it up again! I'm
not hurt, I promise. I've never been known to run with the crowd, more
often than not taking Frost's road less traveled.
However, dear friends, I have been doing some analysis on the list that
now contains 84 stocks, and I've discovered and interesting lack of
correlation. Interesting to me, at any rate. I'll explain:
The weekend of October 9, I created a Boomer Babies Watch List portfolio
using the closing price on October 8 as the basis for each stock. As of
yesterday's close, this whole group is up about 4.5%, or over $12,000 if
you'd purchased 100 shares of each. No great shakes.
I thought it would be interesting to indicate on my spreadsheet the
dates any of the stocks appear on IBD's Screen of the Day. At risk of
eliciting a "duh", the assumption is the SODs more than likely feature
the better performing stocks to watch. At least that's what WON often
suggests. Going back to October 3rd's SOD and working forward, I found:
Out of the 84 stocks on the Boomer Babies list, 38 (45%) have made at
least one SOD appearance since 10/3. (The most is 7 appearances by a
total of five of the stocks.)
Sorting the list based on the number of appearances by each stock
revealed stocks that appeared more than five times increased an average
of 5.5%; those appearing one to four times rose less than half that at
an average of 2.3%. As for the five that have appeared seven times,
they're up a little over 8%.
But what of the 56 stocks not appearing on a SOD since October 3? Holy
assumption, Batman, they're up an average of 9.3%!! In other words,
none of these stocks appeared in screens ranging from ROE leaders to
Total Composite Ratings.
What does all this prove?
It tells me the Boomer Babies list is producing the kind of prospects
I'm interested in: Solid companies across a broad range of industries
that stand to profit from the aging and eventual retirement of boomers.
(The "solid" is derived from, I think, the fact that all the candidates
were culled from nine months of New America features. A plus for IBD,
the publication.)
However, a) It has prompted me to consider ceasing the downloading every
SOD for future study; b) I intend to follow the progress of each stock
with CANSLIM on my mind, but not obsessively so; c) It has raised a
level in cynicism regarding devotion to analysis of bases, breakouts,
etc. Those narratives are somewhat befuddling and often contradictory
at best). Sorry if that seems blasphemous, but that's my
observation(s). It just seems every time a breakout fails, they can
spot the reason, in hindsight, of course. Same theme, different day.
Have a great weekend.
Duke
PS: It was my intent to post the results of my survey as described
above, citing the specific stocks. But, alas, as some of you know, I
received a certified wrist-spanking from IBD's SS troops after posting a
SOD analysis back in July. Heaven forbid a further possible suspected
violation of IBD's proprietary blah, blah, blah...
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<DIV><A =
href=3D"http://wallstreet-llc.com/canslim/BoomerBabies.zip"><U><FONT=20
color=3D#0000ff><FONT=20
size=3D2>http://WallStreet-LLC.com/canslim/BoomerBabies.zip</FONT></U></F=
ONT></A></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Gene Ricci<BR><B>Sent:</B> Thursday, October 24, =
2002=20
11:04 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
Re:=20
[CANSLIM] Boomer Babies<BR><BR></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Hi Duke, is it possible to repost =
your Boomer=20
Babies or point me to the URL?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Thanks,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=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=3Ddukemill@tampabay.rr.com=20
href=3D"mailto:dukemill@tampabay.rr.com">Duke Miller</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</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, October 24, =
2002 11:16=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Boomer =
Babies</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>The Boomer=20
Babies concept that that I passed on several weeks ago was so =
poorly=20
received by this group that I hesitate to bring it up again! =
I'm not=20
hurt, I promise. I've never been known to run with the =
crowd,=20
more often than not taking Frost's road less traveled. =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><FONT face=3DArial><SPAN class=3D607294613-24102002>However, =
dear friends,=20
I have been doing some analysis on the list that now contains 84 =
stocks,=20
and I've discovered and interesting <EM>lack</EM> of=20
correlation. Interesting to me, at any rate.</SPAN> <SPAN =
class=3D607294613-24102002> I'll explain:</SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN=20
class=3D607294613-24102002></SPAN></FONT> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>The weekend =
of October=20
9, </FONT></SPAN><SPAN class=3D607294613-24102002><FONT =
face=3DArial>I created a=20
Boomer Babies Watch List portfolio using the closing price=20
on October 8 as the basis for each stock. As of =
yesterday's=20
close, this whole group is up about 4.5%, or over $12,000 if =
you'd=20
purchased 100 shares of each. No great shakes. =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>I thought =
it would be=20
interesting to indicate on my spreadsheet the dates any of the =
stocks=20
appear on IBD's Screen of the Day. At risk of eliciting a =
"duh",=20
the <EM>assumption </EM>is the SODs more than likely feature =
the better=20
performing stocks to watch. At least that's what WON =
often=20
suggests. </FONT></SPAN><SPAN class=3D607294613-24102002><FONT =
face=3DArial>Going back to October 3rd's SOD and working forward, I=20
found: </FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>Out of =
the 84=20
stocks on the Boomer Babies list, 38 (45%) have made at =
least one=20
SOD appearance since 10/3. (The most is 7 appearances =
by a total=20
of five of the stocks.)</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>Sorting the =
list based=20
on the number of appearances by each stock revealed stocks that =
appeared more than five times increased an average of 5.5%; those =
appearing=20
one to four times rose less than half that at an average of=20
2.3%. As for the five that have appeared seven times, =
they're up=20
a little over 8%.</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>But what of =
the 56=20
stocks <EM>not</EM> appearing on a SOD since October 3? Holy=20
assumption, Batman, they're up an average of 9.3%!! In other =
words,=20
none of these stocks appeared in screens ranging from ROE leaders to =
Total=20
Composite Ratings.</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>What does =
all this=20
prove? </FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>It tells me =
the Boomer=20
Babies list is producing the kind of prospects I'm interested =
in: =20
Solid companies across a broad range of industries that stand =
to profit=20
from the aging and eventual retirement of boomers. (The =
"solid"=20
is derived from, I think, the fact that all the candidates were =
culled from=20
nine months of New America features. A plus for IBD, the=20
publication.)</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>However, a) =
It has=20
prompted me to consider ceasing the downloading every SOD for future =
study;=20
b) I intend to follow the progress of each stock with CANSLIM =
on my=20
mind, but not obsessively so; c) It has raised a level in =
cynicism=20
regarding devotion to analysis of bases, breakouts, =
etc. Those=20
narratives are somewhat befuddling and often =
contradictory at=20
best). Sorry if that seems blasphemous, but that's my=20
observation(s). It just seems every time a breakout fails, =
they can=20
spot the reason, in hindsight, of course. Same theme, =
different=20
day.</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002></SPAN><SPAN=20
class=3D607294613-24102002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>Have a =
great=20
weekend.</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002></SPAN><SPAN=20
class=3D607294613-24102002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>Duke =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002></SPAN><SPAN=20
class=3D607294613-24102002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>
<DIV><SPAN class=3D607294613-24102002><FONT face=3DArial>PS: It was =
my intent to=20
post the results of my survey as described above, citing the =
specific=20
stocks. But, alas, as some of you know, I received a certified =
wrist-spanking from IBD's SS troops after posting a SOD =
analysis back=20
in July. Heaven forbid a further possible suspected violation =
of IBD's=20
proprietary blah, blah, =
blah...</FONT></SPAN></DIV></FONT></SPAN></DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D607294613-24102002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><FONT=20
face=3DArial></FONT> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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