Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CANSLIM Hunting List Updated 11/22/02
Date: Sun, 24 Nov 2002 12:47:27 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_00CF_01C293B7.A530C410 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, your presentation gets more impressive every month. Thank you = for the time and effort it clearly takes. While I don't go thru the list = completely, I do review it as it adds to my understanding of what is = working for CANSLIM style stocks. I am also curious to see how much = overlap I have with the stocks on my personal list with what you have = gleaned using different methodology. I also appreciate the other sheets = in the spreadsheet, especially the summary by sector, and the stocks = dropped.=20 For what it's worth, I did find 4 of interest to me that my method had = not picked up yet, and I am still looking for more. - ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, November 24, 2002 11:49 AM Subject: [CANSLIM] CANSLIM Hunting List Updated 11/22/02 Hi All, I've uploaded the latest CANSLIM Hunting list to: http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.xls ( a bit slow = to load) http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.zip ( a zipped = version for download) *Please note that these spreadsheets were prepared with Excel 2000 for = Windows. If you have older versions of Excel or use a Mac version, you = will not be able to view them properly. If you do not have Excel, see = http://office.microsoft.com/downloads/2000/xlviewer.aspx for a free = viewer. 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. (Note that if you follow stricter CANSLIM = guidelines, you can use the autofilter feature in each column and view = only Price>=3D$12 (or 15) and AvgVol>=3D100000.) Other information = included is industry name (slightly different than DGO's names, but = close enough!), price, avg vol, and links to graphs and due diligence = sites on the internet. This month I've also added links to Mike's and = (now my!) cwhcharts for each stock which displays U/D volume, RS Rank, = Comparative RS vs. SPX and more. I've also added a couple of additional = columns as an outgrowth of my recent discussion with Eric J regarding = relative outperformance of certain stocks and strength of potential and = current leader stocks. You'll find a column for the RS Line since the = 10/10 market low. If the RS Line (RS compared to S&P500) has been going = up since that date (indicating outperformance relative to the market), = it is indicated with a "+". I've also included a column to show the % = off the 52 week high for those that keep their eye focused on such = things. Also note that there are 4 sheets in the workbook, though this = is easy to overlook. The first sheet has the listed stocks, but others = include a list of stocks dropped from the list, a summary of stocks by = sector, and a sheet with misc. links for free info on the web. If you'd like to look at last month's hunting list, you will find it at: http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.xls or http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.zip This month there are 476 names, up a whopping 105 names from the list I = posted last month just after the FTD. This month, 125 names fell from = the list, 230 new names came on board and 246 names are repeats. Though = rotation on the list is still fairly severe, the large number of repeats = does show some marked improvement over what I've seen in the last year. = It's an encouraging sign that money seems to continue to flow out of = defensive names such as REITS, Mining and Healthcare (hospitals/HMO's) = and into growth areas such as Healthcare equipment/instruments and = Business Sevices. Of particular note this month is the high = representation of media stocks. As a sign of *economic* strength (though = not necessarily market strength), this is very important. 19 names show = on the list and represent both print and broadcast media. AOL also = announced recently that they see a strengthening demand for advertising. = This is an important sign, because media is typically one of the strong = sectors leading out of economic reversionary periods. As the market is a = discounting mechanism, this then bodes well. Other areas with good = representation are telecom (select cellular and equipment companies), = computer services and business services. I don't see it as particularly = troubling that more retailers don't show on the list. The consumer = stocks have dominated over the past 20 (or so) years and I don't think = it would be out of the question there would be a substantial secular = shift to capital goods and other quasi-cyclical sectors in the future. = Tech supports many industries and great growth stocks don't necessarily = have to come from consumer related businesses (though it is true many = growth companies do typically come from innovative retailers.) It's also = interesting to me that Biotech is well represented on this month's list = with 14 names. While this is a high-risk sector, it is encouraging to = see institutional money flow to it. Many believe biotech will be the = most important growth industry going forward. I am also not troubled by = the flow of money *out* of homebuilders and related stocks. Again, the = market is a discounting mechanism. That means that if money is flowing = out of this sector, the growth in housing, etc.will decline. People may = not be building new houses at a pace equal to the last 10-15 years in = the future, but it's a fallacy to conclude that the consumer will no = longer be healthy and spend money. The laborers and supporting = businesses will shift to other industries as a result in the same way = that they did when the oil industry collapsed in the early '80's. Take a = trip to Houston today and you'll find it a far different city than it = was at that time--still a lot of oil money, but a far more diverse group = of businesses than 20 years ago. With a follow-through day under our belts, decent (though certainly not = perfect, and still suspect) action in recent breakouts and a list of = hunting candidates composed of less defensive names and more fully = populated with innovative companies, it's an encouraging sign that we = may be in for an intermediate term rally of some consequence. It's still = a jungle out there....be sure to honor all your buy *and* sell rules!! One last note...I'm aware that there are many who will not use a list = stocks such as this (and rightfully so), but it's always difficult to = tell if the spreadsheet is useful to enough people on the CANSLIM list = to continue to spend the time it takes to prepare each month. As there = is no way to monitor the number of downloads, I'll need some individual = feedback to gauge the value to the list. Tom Worley has often expressed = the same sentiment from time to time given the amount of effort he puts = into his weekly Weekend Weeview, so I am following his lead to get a = pulse point. Happy Hunting, Katherine - ------=_NextPart_000_00CF_01C293B7.A530C410 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Katherine, your presentation gets more = impressive every=20 month. Thank you for the time and effort it clearly takes. While I don't = go thru=20 the list completely, I do review it as it adds to my understanding of = what is=20 working for CANSLIM style stocks. I am also curious to see how much = overlap I=20 have with the stocks on my personal list with what you have gleaned = using=20 different methodology. I also appreciate the other sheets in the = spreadsheet,=20 especially the summary by sector, and the stocks dropped. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>For what it's worth, I did find 4 of interest to = me that=20 my method had not picked up yet, and I am still looking for = more.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dkmalm@earthlink.net = href=3D"mailto:kmalm@earthlink.net">Katherine Malm</A>=20 </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Sunday, November 24, 2002 11:49 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] CANSLIM Hunting List Updated = 11/22/02</DIV></DIV> <DIV><BR></DIV> <DIV> <DIV> <DIV>Hi All,</DIV> <DIV> </DIV> <DIV>I've uploaded the latest CANSLIM Hunting list to:</DIV> <DIV> </DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.xls">http:= //WallStreet-LLC.com/canslim/CANSLIMHunting112202.xls</A>=20 ( a bit slow to load)</DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.zip">http:= //WallStreet-LLC.com/canslim/CANSLIMHunting112202.zip</A> (=20 a zipped version for download)</DIV> <DIV>*Please note that these spreadsheets were prepared with Excel 2000 = for=20 Windows. If you have older versions of Excel or use a Mac version, you = will not=20 be able to view them properly. If you do not have Excel, see <A=20 href=3D"http://office.microsoft.com/downloads/2000/xlviewer.aspx">http://= office.microsoft.com/downloads/2000/xlviewer.aspx</A> for=20 a free viewer.</DIV> <DIV> </DIV> <DIV> <DIV>In order to make it to the list, the stock had to have a forward = growth=20 rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least=20 60, no more than 15% below the 50 day SMA, and at or above the 200 day = SMA. This=20 is what I consider to be "bare bones" requirements for CANSLIM quality = stocks.=20 (Note that if you follow stricter CANSLIM guidelines, you can use the = autofilter=20 feature in each column and view only Price>=3D$12 (or 15) and=20 AvgVol>=3D100000.) Other information included is industry name = (slightly=20 different than DGO's names, but close enough!), price, avg vol, and = links=20 to graphs and due diligence sites on the internet. This month I've also = added=20 links to Mike's and (now my!) cwhcharts for each stock which displays = U/D=20 volume, RS Rank, Comparative RS vs. SPX and more. I've also added a = couple of=20 additional columns as an outgrowth of my recent discussion with Eric J = regarding=20 relative outperformance of certain stocks and strength of potential and = current=20 leader stocks. You'll find a column for the RS Line since the 10/10 = market low.=20 If the RS Line (RS compared to S&P500) has been going up since that = date=20 (indicating outperformance relative to the market), it is indicated with = a "+".=20 I've also included a column to show the % off the 52 week high for those = that=20 keep their eye focused on such things. Also note that there are 4 sheets = in the=20 workbook, though this is easy to overlook. The first sheet has the = listed=20 stocks, but others include a list of stocks dropped from the list, a = summary of=20 stocks by sector, and a sheet with misc. links for free info on the = web.</DIV> <DIV> </DIV> <DIV>If you'd like to look at last month's hunting list, you will find = it=20 at:</DIV> <DIV> </DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.xls">http:= //WallStreet-LLC.com/canslim/CANSLIMHunting101802.xls</A> or</DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.zip">http:= //WallStreet-LLC.com/canslim/CANSLIMHunting101802.zip</A></DIV> <DIV> </DIV> <DIV>This month there are 476 names, up a whopping = 105 names from=20 the list I posted last month just after the FTD. This = month, 125=20 names fell from the list, 230 new names came on board and 246 = names are=20 repeats. Though rotation on the list is still fairly severe, the large = number of=20 repeats does show some marked improvement over what I've seen in the = last year.=20 It's an encouraging sign that money seems to continue to flow out of = defensive=20 names such as REITS, Mining and Healthcare (hospitals/HMO's) and = into=20 growth areas such as Healthcare equipment/instruments and Business = Sevices. Of=20 particular note this month is the high representation of media stocks. = As a sign=20 of *economic* strength (though not necessarily market strength), this is = very=20 important. 19 names show on the list and represent both print and = broadcast=20 media. AOL also announced recently that they see a strengthening demand = for=20 advertising. This is an important sign, because media is typically one = of the=20 strong sectors leading out of economic reversionary periods. As the = market is a=20 discounting mechanism, this then bodes well. Other areas with good=20 representation are telecom (select cellular and equipment companies), = computer=20 services and business services. I don't see it as particularly troubling = that=20 more retailers don't show on the list. The consumer stocks have = dominated over=20 the past 20 (or so) years and I don't think it would be out of the = question=20 there would be a substantial secular shift to capital goods and other=20 quasi-cyclical sectors in the future. Tech supports many industries and = great=20 growth stocks don't necessarily have to come from consumer related = businesses=20 (though it is true many growth companies do typically come from = innovative=20 retailers.) It's also interesting to me that Biotech is well represented = on this=20 month's list with 14 names. While this is a high-risk sector, it is = encouraging=20 to see institutional money flow to it. Many believe biotech will be the = most=20 important growth industry going forward. I am also not troubled by the = flow of=20 money *out* of homebuilders and related stocks. Again, the market is a=20 discounting mechanism. That means that if money is flowing out of this = sector,=20 the growth in housing, etc.will decline. People may not be building new = houses=20 at a pace equal to the last 10-15 years in the future, but it's a = fallacy to=20 conclude that the consumer will no longer be healthy and spend money. = The=20 laborers and supporting businesses will shift to other industries as a = result in=20 the same way that they did when the oil industry collapsed in the early = '80's.=20 Take a trip to Houston today and you'll find it a far different city = than it was=20 at that time--still a lot of oil money, but a far more diverse group of=20 businesses than 20 years ago.</DIV> <DIV> </DIV> <DIV>With a follow-through day under our belts, decent = (though certainly=20 not perfect, and still suspect) action in recent breakouts and a = list of=20 hunting candidates composed of less defensive names and more fully = populated=20 with innovative companies, it's an encouraging sign that we may be in = for an=20 intermediate term rally of some consequence. It's still a jungle out = there....be=20 sure to honor all your buy *and* sell rules!!</DIV> <DIV> </DIV> <DIV>One last note...I'm aware that there are many who will not use a = list=20 stocks such as this (and rightfully so), but it's always difficult to = tell if=20 the spreadsheet is useful to enough people on the CANSLIM list to = continue to=20 spend the time it takes to prepare each month. As there is no way to = monitor the=20 number of downloads, I'll need some individual feedback to gauge the = value to=20 the list. Tom Worley has often expressed the same sentiment from time to = time=20 given the amount of effort he puts into his weekly Weekend Weeview, so I = am=20 following his lead to get a pulse point.</DIV> <DIV> </DIV></DIV> <DIV>Happy Hunting,</DIV> <DIV>Katherine</DIV></DIV></DIV></BODY></HTML> - ------=_NextPart_000_00CF_01C293B7.A530C410-- - - - -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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