Go to Jeff Salisbury LWGate Home Page.From: Eric Jaenike <ericjaenike@yahoo.com>
Subject: Re: [CANSLIM] CANSLIM Hunting List Updated 11/22/02
Date: Mon, 25 Nov 2002 07:37:44 -0800 (PST)
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- --0-1839435607-1038238664=:46267 Content-Type: text/plain; charset=us-ascii Katherine Malm <kmalm@earthlink.net> wrote:Oops...that should read "leading out of economic recessionary periods" not "leading out of economic reversionary periods"----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Sunday, November 24, 2002 10:49 AMSubject: [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>=$12 (or 15) and AvgVol>=100000.) 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 orhttp://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 - --------------------------------- Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now - --0-1839435607-1038238664=:46267 Content-Type: text/html; charset=us-ascii <P> <P> <B><I>Katherine Malm <kmalm@earthlink.net></I></B> wrote: <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid"> <META content="MSHTML 6.00.2800.1106" name=GENERATOR> <STYLE></STYLE> <DIV>Oops...that should read "leading out of economic <EM>recessionary</EM> periods" not "leading out of economic <EM>reversionary</EM> periods"</DIV> <BLOCKQUOTE dir=ltr style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=kmalm@earthlink.net href="mailto:kmalm@earthlink.net">Katherine Malm</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, November 24, 2002 10:49 AM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] CANSLIM Hunting List 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 href="http://wallstreet-llc.com/canslim/CANSLIMHunting112202.xls">http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.xls</A> ( a bit slow to load)</DIV> <DIV><A href="http://wallstreet-llc.com/canslim/CANSLIMHunting112202.zip">http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.zip</A> ( a zipped version for download)</DIV> <DIV>*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 <A href="http://office.microsoft.com/downloads/2000/xlviewer.aspx">http://office.microsoft.com/downloads/2000/xlviewer.aspx</A> for a free viewer.</DIV> <DIV> </DIV> <DIV> <DIV>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>=$12 (or 15) and AvgVol>=100000.) 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.</DIV> <DIV> </DIV> <DIV>If you'd like to look at last month's hunting list, you will find it at:</DIV> <DIV> </DIV> <DIV><A href="http://wallstreet-llc.com/canslim/CANSLIMHunting101802.xls">http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.xls</A> or</DIV> <DIV><A href="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 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.</DIV> <DIV> </DIV> <DIV>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!!</DIV> <DIV> </DIV> <DIV>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.</DIV> <DIV> </DIV></DIV> <DIV>Happy Hunting,</DIV> <DIV>Katherine</DIV></DIV></DIV></BLOCKQUOTE></BLOCKQUOTE><p><br><hr size=1>Do you Yahoo!?<br> <a href="http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Yahoo! Mail Plus</a> - Powerful. 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