Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] OK Show me BIG MONEY
Date: Sun, 24 Nov 2002 14:25:15 -0600
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Hi John,
=20
I think the issue you address is a very important one for many CANSLIM =
investors. That is, at what point to you make a choice to use sources =
other than the IBD itself for your candidate mining? For the newest of =
CANSLIM investors, the best place to mine is the IBD itself, because =
their canned mining strategies lead you to strength in many different =
ways. It's the best way to learn and to fully understand the application =
of the underlying CANSLIM principles. But, at some point, if you have a =
portfolio of size, if you are frustrated by the time it takes to do the =
job manually, or you just prefer a more personal methodology, it becomes =
necessary to branch out. Despite the fact that the IBD says that you can =
do what it takes in 15 minutes or less a day, I think that's an =
understatement. I'd like to see a hedge fund manager manage their =
portfolio on 15 minutes a day!=20
=20
It's interesting to me that Investors.com has come on so strong with =
electronic content, because as late as June of 2000 when I attended my =
last IBD seminar, WON was firmly stating that he would not put the paper =
on the web. There's certainly an advantage in forcing folks to either =
pay up for the proprietary data or in forcing them to manually extract =
it, but as they obviously figured out, it's not necessarily the smartest =
way to engender loyalty to the proprietary indicators and the WON =
products or to expand market share. So, let's say that a person was =
ready to move on to other means of mining for their candidates. The IBD =
then becomes a different and important tool as a means for continuing =
education, keeping up on current news, interpreting the market, =
researching up and coming companies, etc.
=20
I made the leap away from the IBD for mining shortly after adopting =
CANSLIM as my preferred style because I'd much rather be having dinner =
with my husband than highlighting stocks in the =
must-have-a-magnifying-glass-to-read-it stock tables or re-entering =
stock data into a spreadsheet manually. (Something I did, by the way, =
for long enough that it made me crazy.) As I see it, there are 3 primary =
issues in making a choice as to how to go about this:
=20
(1) If you're currently relying on items such as "Where the Big =
Money's Flowing," "Weekend Review" and "Screen of the Day" to find =
candidates, what's behind the numbers? How would I go about finding =
strength if I were doing it myself? How do I know if a stock is a =
"CANSLIM candidate" and how do I find them?
(2) What is more important when looking for strength, fundamentals or =
technicals? When is it more appropriate to use one vs the other? What =
emphasis should I place on each of them when mining? When sorting and/or =
whittling down a list of potential candidates?
(3) What tools can I use once I figure that out? Should they be free =
or paid tools and what is the advantage/disadvantage to each of them?
=20
As you well know, mining for candidates and keeping a pulse on the ebb =
and flow of the market is only a small part of the CANSLIM process, but =
it nonetheless one of the most critical if you're to generate consistent =
returns over long periods of time.
=20
I'll post some additional detail on each of the 3 items I outlined when =
I have some additional time. In the meantime, I thought I'd include the =
criteria for 3 of IBD's mining features as a lead in to item (1). Notice =
that each of them has a very specific set of criteria for finding =
strength and also notice that if you had tools to do this mining =
yourself, you wouldn't necessarily need to extract the info manually =
from the paper or download it to an individual spreadsheet as with the =
Screen of the Day.
=20
Current Screen of the Day:
Up/Down Volume Leaders--These stocks have the highest up/down volume =
ratio, which indicates buying volume has exceeded selling volume in =
recent weeks. Stocks shown have an EPS Rating and Relative Price =
Strength Rating of at least 80 along an Accumulation/Distribution Rating =
of at least B-.
The qualification criteria for listing in 'Where The Big Money's Flowing =
Now:'=20
Stocks that show on the list are moving up or down in price with daily =
volume at a significant percentage of the average daily volume.
a.. Stocks must trade on the Nasdaq or New York Stock Exchange.=20
b.. Stock price must be at least $20.00 ($16.00 for Nasdaq).=20
c.. Stocks must have a price change of 1/2 point or more.=20
d.. 50-day Average Volume must be a minimum of 60,000 shares.=20
e.. For stocks up in price only, the Earnings Per Share (EPS) and =
Relative Price Strength (RS) Ratings must each be a minimum of 70, =
Accumulation/Distribution Rating must be D+ or better and next year's =
earnings estimate must be 15% or higher from the previous year's =
earnings. (Stocks without earnings estimates are included.)=20
The qualification criteria for the Weekend Review (Friday's IBD):
All stocks above $10, within 15% of 12-month high, EPS Rating and RS =
Rating of 85 or more and average daily volume of 10,0000 or more are =
shown in order of Industry Group RS Rating.
=20
=20
- --Katherine
----- Original Message -----=20
From: John Calkins=20
To: canslim@lists.xmission.com=20
Sent: Friday, November 22, 2002 8:10 AM
Subject: Re: [CANSLIM] OK Show me BIG MONEY
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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<DIV>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">Hi John,</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <?xml:namespace =
prefix =3D o=20
ns =3D "urn:schemas-microsoft-com:office:office" /><o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">I think the issue you =
address is=20
a very important one for many CANSLIM investors. That is, at what point =
to you=20
make a choice to use sources other than the IBD itself for your =
candidate=20
mining? For the newest of CANSLIM investors, the <B>best</B> place to =
mine is=20
the IBD itself, because their canned mining strategies lead you to =
strength in=20
many different ways. It=92s the best way to learn and to fully =
understand the=20
application of the underlying CANSLIM principles. But, at some point, if =
you=20
have a portfolio of size, if you are frustrated by the time it takes to =
do the=20
job manually, or you just prefer a more personal methodology, it becomes =
necessary to branch out. Despite the fact that the IBD says that you can =
do what=20
it takes in 15 minutes or less a day, I think that=92s an =
understatement. I=92d like=20
to see a hedge fund manager manage their portfolio on 15 minutes a day! =
</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">It=92s interesting to =
me that=20
Investors.com has come on so strong with electronic content, because as =
late as=20
June of 2000 when I attended my last IBD seminar, WON was firmly stating =
that he=20
would not put the paper on the web. There=92s certainly an advantage in =
forcing=20
folks to either pay up for the proprietary data or in forcing them to =
manually=20
extract it, but as they obviously figured out, it=92s not necessarily =
the smartest=20
way to engender loyalty to the proprietary indicators and the WON =
products or to=20
expand market share. So, let=92s say that a person was ready to move on =
to other=20
means of mining for their candidates. The IBD then becomes a different =
and=20
important tool as a means for continuing education, keeping up on =
current news,=20
interpreting the market, researching up and coming companies, etc.</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">I made the leap away =
from the IBD=20
for mining shortly after adopting CANSLIM as my preferred style because =
I=92d much=20
rather be having dinner with my husband than highlighting stocks in the=20
must-have-a-magnifying-glass-to-read-it stock tables or re-entering =
stock data=20
into a spreadsheet manually. (Something I did, by the way, for long =
enough that=20
it made me crazy.) As I see it, there are 3 primary issues in making a =
choice as=20
to how to go about this:</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l1 =
level1 lfo2; tab-stops: list .5in">(1)<SPAN=20
style=3D"FONT: 7pt 'Times New Roman'"> </SPAN>If you=92re =
currently=20
relying on items such as =93Where the Big Money=92s Flowing,=94 =
=93Weekend Review=94 and=20
=93Screen of the Day=94 to find candidates, what=92s <B>behind</B> the =
numbers? How=20
would I go about finding strength if I were doing it myself? How do I =
know if a=20
stock is a =93CANSLIM candidate=94 and how do I find them?</P>
<P class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l1 =
level1 lfo2; tab-stops: list .5in">(2)<SPAN=20
style=3D"FONT: 7pt 'Times New Roman'"> </SPAN>What is more =
important=20
when looking for strength, fundamentals or technicals? When is it more=20
appropriate to use one vs the other? What emphasis should I place on =
each of=20
them when mining? When sorting and/or whittling down a list of potential =
candidates?</P>
<P class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: l1 =
level1 lfo2; tab-stops: list .5in">(3)<SPAN=20
style=3D"FONT: 7pt 'Times New Roman'"> </SPAN><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>What tools can<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I use once I figure that out? =
Should=20
they be free or paid tools and what is the advantage/disadvantage to =
each of=20
them?</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">As you well know, =
mining for=20
candidates and keeping a pulse on the ebb and flow of the market is only =
a small=20
part of the CANSLIM process, but it nonetheless one of the most critical =
if=20
you=92re to generate consistent returns over long periods of time.</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">I=92ll post some =
additional detail=20
on each of the 3 items I outlined when I have some additional time. In =
the=20
meantime, I thought I=92d include the criteria for 3 of IBD=92s mining =
features as a=20
lead in to item (1). Notice that each of them has a very specific set of =
criteria for finding strength and also notice that if you had tools to =
do this=20
mining yourself, you wouldn=92t necessarily need to extract the info =
manually from=20
the paper or download it to an individual spreadsheet as with the Screen =
of the=20
Day.</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">Current Screen of the =
Day:</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">Up/Down Volume =
Leaders--These=20
stocks have the highest <A=20
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D423','help','width=3D375,height=3D200,directories=3Dno,location=3Dno=
,toolbar=3Dno,scrollbars=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaised=
=3D1,dependent=3Dyes');popup.focus()"><SPAN=20
style=3D"COLOR: #336699">up/down volume ratio</SPAN></A>, which =
indicates buying=20
volume has exceeded selling volume in recent weeks. Stocks shown have an =
<A=20
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D69','help','width=3D375,height=3D200,directories=3Dno,location=3Dno,=
toolbar=3Dno,scrollbars=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaised=3D=
1,dependent=3Dyes');popup.focus()"><SPAN=20
style=3D"COLOR: #336699">EPS Rating</SPAN></A> and <A=20
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D153','help','width=3D375,height=3D200,directories=3Dno,location=3Dno=
,toolbar=3Dno,scrollbars=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaised=
=3D1,dependent=3Dyes');popup.focus()"><SPAN=20
style=3D"COLOR: #336699">Relative Price Strength Rating</SPAN></A> of at =
least 80=20
along an <A=20
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D12','help','width=3D375,height=3D200,directories=3Dno,location=3Dno,=
toolbar=3Dno,scrollbars=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRaised=3D=
1,dependent=3Dyes');popup.focus()"><SPAN=20
style=3D"COLOR: #336699">Accumulation/Distribution Rating</SPAN></A> of =
at least=20
B-.</P>
<P>The qualification criteria for listing in 'Where The Big Money's =
Flowing=20
Now:' </P>
<P>Stocks that show on the list are moving up or down in price with =
daily volume=20
at a significant percentage of the average daily volume.</P>
<UL type=3Ddisc>
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
.5in">Stocks=20
must trade on the Nasdaq or New York Stock Exchange. </LI>
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
.5in">Stock=20
price must be at least $20.00 ($16.00 for Nasdaq). </LI>
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
.5in">Stocks=20
must have a price change of 1/2 point or more. </LI>
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
.5in">50-day=20
Average Volume must be a minimum of 60,000 shares. </LI>
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list =
.5in">For=20
stocks up in price only, the Earnings Per Share (EPS) and Relative =
Price=20
Strength (RS) Ratings must each be a minimum of 70, =
Accumulation/Distribution=20
Rating must be D+ or better and next year's earnings estimate must be =
15% or=20
higher from the previous year's earnings. (Stocks without earnings =
estimates=20
are included.) </LI></UL>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">The qualification =
criteria for=20
the Weekend Review (Friday's IBD):</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">All stocks above $10, =
within 15%=20
of 12-month high, EPS Rating and RS Rating of 85 or more and average =
daily=20
volume of 10,0000 or more are shown in order of Industry Group RS =
Rating.</P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"> <o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">--Katherine</P></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=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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, November 22, 2002 =
8:10=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] OK Show =
me BIG=20
MONEY</DIV>
<DIV><BR></DIV>
<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=20
paper in a fraction of the time. </P></FONT><FONT =
size=3D2></FONT><FONT=20
face=3DArial 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=20
employers have tapped my talents many times, and all along I have =
enjoyed it=20
tremendously. I got interested in individual stock investing when =
these great=20
retired people would fill my head with investing terms as I replaced a =
hard=20
drive for them in their home....no cost...just because I liked to =
visit and it=20
became a trade that they knew I accepted. They would talk about The =
Dow Theory=20
and show me some graphs, or some Ameritrade software before the =
internet was=20
called WWW or Dog of the Dow. Then someone asked me about IBD and I =
have been=20
absolutely absorbed in it ever since. I do believe I need to move on =
and use=20
my time more wisely though. I now have a base to start from, much as =
you have=20
said in the past. I believe that everyone truly interested in stock =
investing=20
at some point should take out a subscription at least long enough to =
get to=20
the next level or maybe know how to measure there success.</FONT><FONT =
size=3D2>=20
</P></FONT><FONT face=3DArial size=3D2>
<P>I can really appreciate your involvement in this group. It's your =
ability=20
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=20
input to this group.</P>
<P>Katherine, I would have a difficult time without IBD right now. =
Like you=20
say, The Big Picture is worth the cost of the paper at least for a =
while=20
longer. I pin it up in front of my Nordic-Trac for 40 min each =
morning,=20
killing two birds. I am having a hard time understanding just how you =
actually=20
start your lists. Maybe I need to re-read your posts some more, but =
IBD=92s=20
screens at least have sorted lists following CANSLIM. I have seen =
their=20
screens printed Forbes. I see your references to BIG MONEY, but =
without using=20
IBD=92s Big Money screens, how do you get started with a manageable =
list? I=20
guess I still feel that I need some hand holding here. =
</P></FONT><FONT=20
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=20
to sort the Screen of the Day. I just use the "Number of Times" =
appeared in=20
the Big Money to sort my list then head straight for the charts when =
the=20
market looks better simply starting at the top of the list and =
spending most=20
of my time reading charts from Investors.com. Like everyone else, this =
group=20
is becoming and index for me to decide if I want to run the screen. I =
then use=20
The Screen of 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=20
be 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=20
be 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>=
=20
</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=20
CANSLIM list who use the IBD exclusively for finding investment =
candidates,=20
others who practice the CANSLIM and or growth style of investing but =
use=20
other tools, and still others who use the IBD and/or DGO in =
combination with=20
other paid services. I still read the IBD's Big Picture via the web =
each day=20
and utilize the numerous educational features they provide, but I =
let the=20
papers pile up for about a month before I read them these days, as =
all of my=20
day to day mining and news monitoring is done via other free and =
paid=20
services. I personally found the IBD too time consuming to use as a=20
methodical mining tool and it didn't allow me to track the ebb and =
flow of=20
the market without being influenced by their editorial bias. It's =
amazing=20
how much information is available for free on the web these days, so =
it's=20
entirely possible to mine and track good quality growth/CANSLIM =
candidates=20
even without paid tools. Regardless of the choice, I still think the =
real=20
secret to successful investing is using a disciplined approach and a =
methodical/consistent methodology. I think most would be hard =
pressed to=20
argue any one tool was "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=20
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=20
paper and without buying some other =
service.<BR><BR>JC<BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0004_01C293C5.4E44FE60--
- -
- -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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