Go to Jeff Salisbury LWGate Home Page.From: "John Calkins" <jcalkins@olypen.com>
Subject: Re: [CANSLIM] OK Show me BIG MONEY
Date: Fri, 22 Nov 2002 06:10:10 -0800
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Hi Katherine,=20
It really is good to hear from you! You somehow bring things into =
perspective.=20
I understand the piling up of the papers and the hours of manual mining. =
I must say I have learned as much from you and this group as I have from =
the paper in a fraction of the time.=20
I used to run a large computer user club back in the early 80's. I have =
for years gone door to door helping my family, friends, neighbors, =
co-workers and computer enthusiasts discover a better way to use their =
computers. My employers have tapped my talents many times, and all along =
I have enjoyed it tremendously. I got interested in individual stock =
investing when these great retired people would fill my head with =
investing terms as I replaced a hard drive for them in their home....no =
cost...just because I liked to visit and it became a trade that they =
knew I accepted. They would talk about The Dow Theory and show me some =
graphs, or some Ameritrade software before the internet was called WWW =
or Dog of the Dow. Then someone asked me about IBD and I have been =
absolutely absorbed in it ever since. I do believe I need to move on and =
use my time more wisely though. I now have a base to start from, much as =
you have said in the past. I believe that everyone truly interested in =
stock investing at some point should take out a subscription at least =
long enough to get to the next level or maybe know how to measure there =
success.=20
I can really appreciate your involvement in this group. It's your =
ability to teach others and at the some time add knowledge to enhance =
your own understanding that is what is so compelling here. I truly =
appreciate your input to this group.
Katherine, I would have a difficult time without IBD right now. Like you =
say, The Big Picture is worth the cost of the paper at least for a while =
longer. I pin it up in front of my Nordic-Trac for 40 min each morning, =
killing two birds. I am having a hard time understanding just how you =
actually start your lists. Maybe I need to re-read your posts some more, =
but IBD's screens at least have sorted lists following CANSLIM. I have =
seen their screens printed Forbes. I see your references to BIG MONEY, =
but without using IBD's Big Money screens, how do you get started with a =
manageable list? I guess I still feel that I need some hand holding =
here.=20
I have stopped recording all the mini chart symbols, I saw the =
correlation and bias such as you say. Now All I record is all the Big =
Money on both exchanges and use and excel sheet macro that one of the =
members came up with to sort the Screen of the Day. I just use the =
"Number of Times" appeared in the Big Money to sort my list then head =
straight for the charts when the market looks better simply starting at =
the top of the list and spending most of my time reading charts from =
Investors.com. Like everyone else, this group is becoming and index for =
me to decide if I want to run the screen. I then use The Screen of the =
Day and Stock Checkup to double check after I look at the chart
But if there is an easier way to find the big money, I guess I haven't =
understood it quite yet, or maybe if I put the paper down long enough =
and try some of these sites you and others suggest, I might see the =
light. I just want to try to correlate the data online to what is =
showing with the IBD data.
For those who don't really understand The Big Money, it simply is IBD's =
proprietary screen of high quality stocks that institutional investors =
might be buying with high Relative Price Strength and high IBD Earnings =
Ratings that might be climbing the right side of the cup, indicating =
that the chart should be looked at.
JC
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, November 17, 2002 9:02 PM
Subject: Re: [CANSLIM] OK Show me BIG MONEY
Hi John,
I think the use of the IBD vs other free or paid services is more than =
anything a matter of style and preference. There are many here on the =
CANSLIM list who use the IBD exclusively for finding investment =
candidates, others who practice the CANSLIM and or growth style of =
investing but use other tools, and still others who use the IBD and/or =
DGO in combination with other paid services. I still read the IBD's Big =
Picture via the web each day and utilize the numerous educational =
features they provide, but I let the papers pile up for about a month =
before I read them these days, as all of my day to day mining and news =
monitoring is done via other free and paid services. I personally found =
the IBD too time consuming to use as a methodical mining tool and it =
didn't allow me to track the ebb and flow of the market without being =
influenced by their editorial bias. It's amazing how much information is =
available for free on the web these days, so it's entirely possible to =
mine and track good quality growth/CANSLIM candidates even without paid =
tools. Regardless of the choice, I still think the real secret to =
successful investing is using a disciplined approach and a =
methodical/consistent methodology. I think most would be hard pressed to =
argue any one tool was "better" than another, just "better for you."
Katherine
----- Original Message -----=20
From: John Calkins=20
To: canslim@lists.xmission.com=20
Sent: Sunday, November 17, 2002 10:17 PM
Subject: [CANSLIM] OK Show me BIG MONEY
OK! Some say IBD is invaluable. Others say it BS. So show me how =
I can
find Where The Big Moneys Flow......OOps, I mean Going with out =
using the
screen in the paper and without buying some other service.
JC
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-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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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>
<P>Hi Katherine,</FONT><FONT size=3D2> </P></FONT><FONT face=3DArial =
size=3D2>
<P>It really is good to hear from you! You somehow bring things into=20
perspective. </P></FONT><FONT size=3D2></FONT><FONT face=3DArial =
size=3D2>
<P>I understand the piling up of the papers and the hours of manual =
mining. I=20
must say I have learned as much from you and this group as I have from =
the paper=20
in a fraction of the time. </P></FONT><FONT size=3D2></FONT><FONT =
face=3DArial=20
size=3D2>
<P>I used to run a large computer user club back in the early 80's. I =
have for=20
years gone door to door helping my family, friends, neighbors, =
co-workers and=20
computer enthusiasts discover a better way to use their computers. My =
employers=20
have tapped my talents many times, and all along I have enjoyed it =
tremendously.=20
I got interested in individual stock investing when these great retired =
people=20
would fill my head with investing terms as I replaced a hard drive for =
them in=20
their home....no cost...just because I liked to visit and it became a =
trade that=20
they knew I accepted. They would talk about The Dow Theory and show me =
some=20
graphs, or some Ameritrade software before the internet was called WWW =
or Dog of=20
the Dow. Then someone asked me about IBD and I have been absolutely =
absorbed in=20
it ever since. I do believe I need to move on and use my time more =
wisely=20
though. I now have a base to start from, much as you have said in the =
past. I=20
believe that everyone truly interested in stock investing at some point =
should=20
take out a subscription at least long enough to get to the next level or =
maybe=20
know how to measure there success.</FONT><FONT size=3D2> =
</P></FONT><FONT=20
face=3DArial size=3D2>
<P>I can really appreciate your involvement in this group. It's your =
ability to=20
teach others and at the some time add knowledge to enhance your own=20
understanding that is what is so compelling here. I truly appreciate =
your input=20
to this group.</P>
<P>Katherine, I would have a difficult time without IBD right now. Like =
you say,=20
The Big Picture is worth the cost of the paper at least for a while =
longer. I=20
pin it up in front of my Nordic-Trac for 40 min each morning, killing =
two birds.=20
I am having a hard time understanding just how you actually start your =
lists.=20
Maybe I need to re-read your posts some more, but IBD=92s screens at =
least have=20
sorted lists following CANSLIM. I have seen their screens printed =
Forbes. I see=20
your references to BIG MONEY, but without using IBD=92s Big Money =
screens, how do=20
you get started with a manageable list? I guess I still feel that I need =
some=20
hand holding here. </P></FONT><FONT size=3D2></FONT><FONT face=3DArial =
size=3D2>
<P>I have stopped recording all the mini chart symbols, I saw the =
correlation=20
and bias such as you say. Now All I record is all the Big Money on both=20
exchanges and use and excel sheet macro that one of the members came up =
with to=20
sort the Screen of the Day. I just use the "Number of Times" appeared in =
the Big=20
Money to sort my list then head straight for the charts when the market =
looks=20
better simply starting at the top of the list and spending most of my =
time=20
reading charts from Investors.com. Like everyone else, this group is =
becoming=20
and index for me to decide if I want to run the screen. I then use The =
Screen of=20
the Day and Stock Checkup to double check after I look at the=20
chart</P></FONT><FONT size=3D2></FONT><FONT face=3DArial size=3D2>
<P>But if there is an easier way to find the big money, I guess I =
haven't=20
understood it quite yet, or maybe if I put the paper down long enough =
and try=20
some of these sites you and others suggest, I might see the light. I =
just want=20
to try to correlate the data online to what is showing with the IBD =
data.</P>
<P>For those who don=92t really understand The Big Money, it simply is =
IBD=92s=20
proprietary screen of high quality stocks that institutional investors =
might be=20
buying with high Relative Price Strength and high IBD Earnings Ratings =
that=20
might be climbing the right side of the cup, indicating that the chart =
should be=20
looked at.</P>
<P>JC</P></FONT><FONT size=3D2></FONT></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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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> Sunday, November 17, 2002 =
9:02=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] OK Show =
me BIG=20
MONEY</DIV>
<DIV><BR></DIV>
<DIV>Hi John,</DIV>
<DIV> </DIV>
<DIV>I think the use of the IBD vs other free or paid services is more =
than=20
anything a matter of style and preference. There are many here on the =
CANSLIM=20
list who use the IBD exclusively for finding investment candidates, =
others who=20
practice the CANSLIM and or growth style of investing but use other =
tools, and=20
still others who use the IBD and/or DGO in combination with other paid =
services. I still read the IBD's Big Picture via the web each day and =
utilize=20
the numerous educational features they provide, but I let the papers =
pile up=20
for about a month before I read them these days, as all of my day to =
day=20
mining and news monitoring is done via other free and paid services. I =
personally found the IBD too time consuming to use as a methodical =
mining tool=20
and it didn't allow me to track the ebb and flow of the market without =
being=20
influenced by their editorial bias. It's amazing how much information =
is=20
available for free on the web these days, so it's entirely possible to =
mine=20
and track good quality growth/CANSLIM candidates even without paid =
tools.=20
Regardless of the choice, I still think the real secret to successful=20
investing is using a disciplined approach and a methodical/consistent=20
methodology. I think most would be hard pressed to argue any one tool =
was=20
"better" than another, just "better for you."</DIV>
<DIV> </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=3Djcalkins@olypen.com =
href=3D"mailto:jcalkins@olypen.com">John=20
Calkins</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, November 17, =
2002 10:17=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] OK Show me =
BIG=20
MONEY</DIV>
<DIV><BR></DIV>OK! Some say IBD is invaluable. Others =
say it=20
BS. So show me how I can<BR>find Where The Big Moneys=20
Flow......OOps, I mean Going with out using the<BR>screen in =
the paper=20
and without buying some other service.<BR><BR>JC<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0019_01C291ED.D0028D20--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] M "Tom Worley"
Previous Article (by Author): Re: [CANSLIM] M Ian
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