Go to Jeff Salisbury LWGate Home Page.From: Karen White <karenwhite7@charter.net>
Subject: RE: [CANSLIM] CANSLIM Hunting List Updated 11/22/02
Date: Sat, 30 Nov 2002 10:44:21 -0800
Next Article (by Subject): [CANSLIM] Market-Tester "Curt Corley"
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A little late in downloading the hunting list as I was on a brief holiday but once again I cant figure out how to remove those comments covering the stock symbols... I figured it out last month but this month im stuck... Help? surely someone else with the excel viewer had to look? thx Karen At 10:06 PM 11/24/2002 -0500, you wrote: >Hi Katherine, Tom and others, > > > >As a generally non-contributing lurker on this board, but extremely >interested investor, I continue to learn a great deal from you and the >other knowledgeable contributors. I look forward to your monthly Hunting >List and Tom s weekly list to compare with what I get from my screening. > > > >Thanks, > >Bill King > > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm >Sent: Sunday, November 24, 2002 11:49 AM >To: canslim@lists.xmission.com >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>http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.xls >( a bit slow to load) > ><http://WallStreet-LLC.com/canslim/CANSLIMHunting112202.zip>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>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>http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.xls >or > ><http://WallStreet-LLC.com/canslim/CANSLIMHunting101802.zip>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 - - - -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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