Go to Jeff Salisbury LWGate Home Page.From: AJAskey@aol.com
Subject: Re: [CANSLIM] stock chart
Date: Sun, 17 Nov 2002 14:56:42 EST
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- --part1_93.2651239e.2b094e7a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 11/17/2002 12:10:16 PM Central Standard Time, jcalkins@olypen.com writes: > Now let me get this straight. This group is studying WON's concept of > CANSLIM. Granted, it doesn't mean you need to take a subscription to his > paper to follow his teaching, BUT! How do you find the quality stocks that > the big money is moving into? I use IBD's Where The Big Money's Flowing to > get started with my lists. This follows everything that WON teaches. If > you do not get the paper, then how do you find those same stocks? > JC, Almost everything that IBD provides can be calculated and screened thru subscriptions to other data services such as AAII Stock Investor Pro and TC2000. These relatively inexpensive services did not exist when IBD was created but are popping up regularly since the internet has made it into everyones home. I am hoping that IBD recognizes this and somehow provides more data or it will eventually go out of business. DGO provides services to screen stocks but they are extremely overpriced and under featured based on what is available for free of fee elsewhere. I subscribe to IBD because I like the articles and the constant reminders of CANSLIM rules, but not because I cannot find stocks that have the best IBD rankings without IBD. In fact, using only IBD EPS ranking stocks of 80 or better will keep one out of some of the future best performing stocks. (See a recent "Ask Bill" question as IBD states this.) By using a tool that screens the fundamentals instead of the rankings, one will find the best stocks that may miss some arbitrary cut off by a statistically anomally. By this I mean it makes more sense to screen for companies meeting CANSLIM criteria than to look at a subset of stocks that a good growers to determine if they meet CANSLIM criteria. Stocks that meet CANSLIM criteria will magically have good IBD rankings. If I wanted I could buy one IBD every week or two for verification of my data. To try to duplicate the actual IBD rankings requires some programming knowledge and therefore everyone cannot do it. I do it as I don't want to tie my future to a paper that may go out of business at some point. But my point is that IBD does not do anything mystical to generate this information and the rankings are not the most important thing needed to find quality growers. The data behind the rankings is more important and the data is not available from IBD. Andy - --part1_93.2651239e.2b094e7a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit <HTML><FONT FACE=arial,helvetica><FONT SIZE=2>In a message dated 11/17/2002 12:10:16 PM Central Standard Time, jcalkins@olypen.com writes:<BR> <BR> <BR> <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Now let me get this straight. This group is studying WON's concept of CANSLIM. Granted, it doesn't mean you need to take a subscription to his paper to follow his teaching, BUT! How do you find the quality stocks that the big money is moving into? I use IBD's Where The Big Money's Flowing to get started with my lists. This follows everything that WON teaches. If you do not get the paper, then how do you find those same stocks?</FONT><FONT COLOR="#000000" style="BACKGROUND-COLOR: #ffffff" SIZE=3 FAMILY="SANSSERIF" FACE="Arial" LANG="0"><BR> </BLOCKQUOTE><BR> </FONT><FONT COLOR="#000000" style="BACKGROUND-COLOR: #ffffff" SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0"><BR> JC,<BR> <BR> Almost everything that IBD provides can be calculated and screened thru subscriptions to other data services such as AAII Stock Investor Pro and TC2000. These relatively inexpensive services did not exist when IBD was created but are popping up regularly since the internet has made it into everyones home. I am hoping that IBD recognizes this and somehow provides more data or it will eventually go out of business. DGO provides services to screen stocks but they are extremely overpriced and under featured based on what is available for free of fee elsewhere.<BR> <BR> I subscribe to IBD because I like the articles and the constant reminders of CANSLIM rules, but not because I cannot find stocks that have the best IBD rankings without IBD. In fact, using only IBD EPS ranking stocks of 80 or better will keep one out of some of the future best performing stocks. (See a recent "Ask Bill" question as IBD states this.) By using a tool that screens the fundamentals instead of the rankings, one will find the best stocks that may miss some arbitrary cut off by a statistically anomally. By this I mean it makes more sense to screen for companies meeting CANSLIM criteria than to look at a subset of stocks that a good growers to determine if they meet CANSLIM criteria. Stocks that meet CANSLIM criteria will magically have good IBD rankings. If I wanted I could buy one IBD every week or two for verification of my data.<BR> <BR> To try to duplicate the actual IBD rankings requires some programming knowledge and therefore everyone cannot do it. I do it as I don't want to tie my future to a paper that may go out of business at some point. But my point is that IBD does not do anything mystical to generate this information and the rankings are not the most important thing needed to find quality growers. The data behind the rankings is more important and the data is not available from IBD.<BR> <BR> Andy</FONT></HTML> - --part1_93.2651239e.2b094e7a_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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