Go to Jeff Salisbury LWGate Home Page.From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] CANSLIM Hunting List Updated 11/22/02
Date: Sun, 24 Nov 2002 14:37:05 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C293C6.F579C0C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, I don't know which to thank you for more--the list of stocks, the = economic/sector discussion and lesson, or the tips for using Excel!! Many thanks for all of the above. Your efforts are very much appreciated = and extremely helpful to me (as are yours, Tom). Ann ----- 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_004C_01C293C6.F579C0C0 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 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Katherine,</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>I don't know which to thank you for more--the list = of stocks,=20 the economic/sector discussion and lesson, or the tips for using=20 Excel!!</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Many thanks for all of the above. Your efforts are = very much=20 appreciated and extremely helpful to me (as are yours, = Tom).</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Ann</FONT></DIV> <DIV><BR></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 24, 2002 = 11:49=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] CANSLIM = Hunting List=20 Updated 11/22/02</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=20 not 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=20 least 60, no more than 15% below the 50 day SMA, and at or above the = 200 day=20 SMA. This is what I consider to be "bare bones" requirements for = CANSLIM=20 quality stocks. (Note that if you follow stricter CANSLIM guidelines, = you can=20 use the autofilter feature in each column and view only = Price>=3D$12 (or 15)=20 and AvgVol>=3D100000.) Other information included is industry name = (slightly=20 different than DGO's names, but close enough!), price, avg vol, and=20 links to graphs and due diligence sites on the internet. This = month I've=20 also added links to Mike's and (now my!) cwhcharts for each stock = which=20 displays U/D volume, RS Rank, Comparative RS vs. SPX and more. I've = also added=20 a couple of additional columns as an outgrowth of my recent discussion = with=20 Eric J regarding relative outperformance of certain stocks and = strength of=20 potential and current leader stocks. You'll find a column for the RS = Line=20 since the 10/10 market low. If the RS Line (RS compared to S&P500) = has=20 been going up since that date (indicating outperformance relative to = the=20 market), it is indicated with a "+". I've also included a column to = show the %=20 off the 52 week high for those that keep their eye focused on such = things.=20 Also note that there are 4 sheets in the workbook, though this is easy = to=20 overlook. The first sheet has the listed stocks, but others include a = list of=20 stocks dropped from the list, a summary of stocks by sector, and a = sheet with=20 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=20 from the list I posted last month just after the FTD. This=20 month, 125 names fell from the list, 230 new names came on = board=20 and 246 names are repeats. Though rotation on the list is still fairly = severe,=20 the large number of repeats does show some marked improvement over = what I've=20 seen in the last year. It's an encouraging sign that money seems to = continue=20 to flow out of defensive names such as REITS, Mining and Healthcare=20 (hospitals/HMO's) and into growth areas such as Healthcare=20 equipment/instruments and Business Sevices. Of particular note this = month is=20 the high representation of media stocks. As a sign of *economic* = strength=20 (though not necessarily market strength), this is very important. 19 = names=20 show on the list and represent both print and broadcast media. AOL = also=20 announced recently that they see a strengthening demand for = advertising. This=20 is an important sign, because media is typically one of the strong = sectors=20 leading out of economic reversionary periods. As the market is a = discounting=20 mechanism, this then bodes well. Other areas with good representation = are=20 telecom (select cellular and equipment companies), computer services = and=20 business services. I don't see it as particularly troubling that more=20 retailers don't show on the list. The consumer stocks have dominated = over the=20 past 20 (or so) years and I don't think it would be out of the = question there=20 would be a substantial secular shift to capital goods and other = quasi-cyclical=20 sectors in the future. Tech supports many industries and great growth = stocks=20 don't necessarily have to come from consumer related businesses = (though it is=20 true many growth companies do typically come from innovative = retailers.) It's=20 also interesting to me that Biotech is well represented on this = month's list=20 with 14 names. While this is a high-risk sector, it is encouraging to = see=20 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 = 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=20 in the same way that they did when the oil industry collapsed in the = early=20 '80's. Take a trip to Houston today and you'll find it a far different = city=20 than it was at that time--still a lot of oil money, but a far more = diverse=20 group of 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=20 there....be 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=20 the number of downloads, I'll need some individual feedback to gauge = the value=20 to the list. Tom Worley has often expressed the same sentiment from = time to=20 time given the amount of effort he puts into his weekly Weekend = Weeview, so I=20 am following his lead to get a pulse point.</DIV> <DIV> </DIV></DIV> <DIV>Happy Hunting,</DIV> <DIV>Katherine</DIV></DIV></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_004C_01C293C6.F579C0C0-- - - - -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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