Go to Jeff Salisbury LWGate Home Page.From: "John Calkins" <jcalkins@olypen.com>
Subject: Re: [CANSLIM] OK Show me BIG MONEY
Date: Sun, 22 Dec 2002 10:37:14 -0800
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Hi Katherine,=20
I have made a huge change in my approach to screening for stocks using =
IBD. After more than 4 years of following the data almost exclusively in =
IBD, as you say driving me and my family nuts, I canceled my =
subscription to the paper. The main reason was they were unable to =
deliver it to me before I left for work each day. I would use some of my =
free time at work to keep up. As you suggest, I have decided to look at =
the paper (once each week) to confirm my screens rather than use it for =
my stock selection. I decided to do this because my local cable company =
recently offered the high-speed cable. I have for years fiddled around =
with some of the free screens on Yahoo and MSN but was so disappointed =
in the time it took just to set up a few simple screens, that I simply =
gave up because of the slow results. That now has all changed. I =
certainly would not have even considered making this change until I =
could justify my time to try another method.=20
I agree with you in keeping the screens simple and applicable to what I =
have learned so far. Being that I started my search in the paper with =
the stocks making big volume moves, I have started my search (for now) =
using the simple screens that are on MSN's Deluxe screener and Multex's =
Simple Screening.
The MSN Deluxe Screener (MSN DS) has some preset screens. The first one =
I'm looking at is Advisor FYI, Trading & Volume, Price Up on Heavy =
Volume and its description:
Trading volume for this company was triple its 13-week average, and its =
price was up by at least 5%. A jump in price on big volume is generally =
considered a bullish indicator because it suggests that the stock is =
under accumulation.
This screen gave me an alphabetical list on 113 companies.
Using the Multex Screen Criterion Builder (Mult SCB) and looking at the =
available variables, I am unable to replicate the MSN DS screen. Looking =
for the increase percentage in volume is not included in the variables.
So my first question is, knowing that I'm trying to replicate the IBD =
volume moves, do you see a way to use one of these screens to do so?
Thanks
JC=20
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, November 24, 2002 12:25 PM
Subject: Re: [CANSLIM] OK Show me BIG MONEY
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><FONT face=3DArial,Helvetica size=3D2>
<P>Hi Katherine,</FONT><FONT size=3D2> </P></FONT><FONT =
face=3DArial,Helvetica=20
size=3D2>
<P>I have made a huge change in my approach to screening for stocks =
using IBD.=20
After more than 4 years of following the data almost exclusively in IBD, =
as you=20
say driving me and my family nuts, I canceled my subscription to the =
paper. The=20
main reason was they were unable to deliver it to me before I left for =
work each=20
day. I would use some of my free time at work to keep up. As you =
suggest, I have=20
decided to look at the paper (once each week) to confirm my screens =
rather than=20
use it for my stock selection. I decided to do this because my local =
cable=20
company recently offered the high-speed cable. I have for years fiddled =
around=20
with some of the free screens on Yahoo and MSN but was so disappointed =
in the=20
time it took just to set up a few simple screens, that I simply gave up =
because=20
of the slow results. That now has all changed. I certainly would not =
have even=20
considered making this change until I could justify my time to try =
another=20
method. </P>
<P>I agree with you in keeping the screens simple and applicable to what =
I have=20
learned so far. Being that I started my search in the paper with the =
stocks=20
making big volume moves, I have started my search (for now) using the =
simple=20
screens that are on MSN=92s Deluxe screener and Multex=92s Simple =
Screening.</P>
<P>The MSN Deluxe Screener (MSN DS) has some preset screens. The first =
one I=92m=20
looking at is Advisor FYI, Trading & Volume, Price Up on Heavy =
Volume and=20
its description:</P>
<P>Trading volume for this company was triple its 13-week average, and =
its price=20
was up by at least 5%. A jump in price on big volume is generally =
considered a=20
bullish indicator because it suggests that the stock is under =
accumulation.</P>
<P>This screen gave me an alphabetical list on 113 =
companies.</P></FONT><FONT=20
size=3D2>
<P>Using the Multex Screen Criterion Builder (Mult SCB) and looking at =
the=20
available variables, I am unable to replicate the MSN DS screen. Looking =
for the=20
increase percentage in volume is not included in the variables.</P>
<P>So my first question is, knowing that I=92m trying to replicate the =
IBD volume=20
moves, do you see a way to use one of these screens to do so?</P>
<P>Thanks</P>
<P>JC </P>
<P><FONT face=3DArial></FONT> </P></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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, November 24, 2002 =
12:25=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>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt">Hi John,</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 think the issue =
you address=20
is a very important one for many CANSLIM investors. That is, at what =
point to=20
you 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=20
necessary to branch out. Despite the fact that the IBD says that you =
can do=20
what it takes in 15 minutes or less a day, I think that=92s an =
understatement.=20
I=92d like to see a hedge fund manager manage their portfolio on 15 =
minutes a=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">It=92s interesting =
to me that=20
Investors.com has come on so strong with electronic content, because =
as late=20
as June of 2000 when I attended my last IBD seminar, WON was firmly =
stating=20
that he would not put the paper on the web. There=92s certainly an =
advantage in=20
forcing folks to either pay up for the proprietary data or in forcing =
them to=20
manually extract it, but as they obviously figured out, it=92s not =
necessarily=20
the smartest way to engender loyalty to the proprietary indicators and =
the WON=20
products or to expand market share. So, let=92s say that a person was =
ready to=20
move on to other means of mining for their candidates. The IBD then =
becomes a=20
different and important tool as a means for continuing education, =
keeping up=20
on current news, interpreting the market, researching up and coming =
companies,=20
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=20
IBD for mining shortly after adopting CANSLIM as my preferred style =
because=20
I=92d much rather be having dinner with my husband than highlighting =
stocks in=20
the must-have-a-magnifying-glass-to-read-it stock tables or =
re-entering stock=20
data into a spreadsheet manually. (Something I did, by the way, for =
long=20
enough that it made me crazy.) As I see it, there are 3 primary issues =
in=20
making a choice as 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=20
a 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 =
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=20
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=20
small part of the CANSLIM process, but it nonetheless one of the most =
critical=20
if 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=20
detail on each of the 3 items I outlined when I have some additional =
time. In=20
the meantime, I thought I=92d include the criteria for 3 of IBD=92s =
mining=20
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=20
tools to do this mining yourself, you wouldn=92t necessarily need to =
extract the=20
info manually from the paper or download it to an individual =
spreadsheet as=20
with the Screen of the 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=20
80 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=20
volume at a significant percentage of the average daily volume.</P>
<UL type=3Ddisc>
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: =
list .5in; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">Stocks =
must trade on the Nasdaq or New York Stock Exchange.=20
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: =
list .5in; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">Stock=20
price must be at least $20.00 ($16.00 for Nasdaq).=20
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: =
list .5in; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">Stocks =
must have a price change of 1/2 point or more.=20
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: =
list .5in; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">50-day =
Average Volume must be a minimum of 60,000 shares.=20
<LI class=3DMsoNormal=20
style=3D"MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: =
list .5in; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">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,=20
Accumulation/Distribution Rating must be D+ or better and next =
year's=20
earnings estimate must be 15% or higher from the previous year's =
earnings.=20
(Stocks without earnings estimates 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=20
15% 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>=
=20
</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 =
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.=20
I 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=20
for years gone door to door helping my family, friends, neighbors,=20
co-workers and computer enthusiasts discover a better way to use =
their=20
computers. My employers have tapped my talents many times, and all =
along I=20
have enjoyed it tremendously. I got interested in individual stock =
investing=20
when these great retired people would fill my head with investing =
terms as I=20
replaced a hard drive for them in their home....no cost...just =
because I=20
liked to visit and it became a trade that they knew I accepted. They =
would=20
talk about The Dow Theory and show me some graphs, or some =
Ameritrade=20
software before the internet was called WWW or Dog of the Dow. Then =
someone=20
asked me about IBD and I have been absolutely absorbed in it ever =
since. I=20
do believe I need to move on and use my time more wisely though. I =
now have=20
a base to start from, much as you have said in the past. I believe =
that=20
everyone truly interested in stock investing at some point should =
take out a=20
subscription at least long enough to get to the next level or maybe =
know how=20
to measure there success.</FONT><FONT size=3D2> </P></FONT><FONT =
face=3DArial=20
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=20
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=20
actually start your lists. Maybe I need to re-read your posts some =
more, but=20
IBD=92s screens at least have sorted lists following CANSLIM. I have =
seen=20
their screens printed Forbes. I see your references to BIG MONEY, =
but=20
without using IBD=92s Big Money screens, how do you get started with =
a=20
manageable list? I guess I still feel that I need some hand holding =
here.=20
</P></FONT><FONT size=3D2></FONT><FONT face=3DArial size=3D2>
<P>I have stopped recording all the mini chart symbols, I saw the=20
correlation and bias such as you say. Now All I record is all the =
Big Money=20
on both exchanges and use and excel sheet macro that one of the =
members came=20
up with to sort the Screen of the Day. I just use the "Number of =
Times"=20
appeared in the Big Money to sort my list then head straight for the =
charts=20
when the market looks better simply starting at the top of the list =
and=20
spending most of my time reading charts from Investors.com. Like =
everyone=20
else, this group is becoming and index for me to decide if I want to =
run the=20
screen. I then use The Screen of the Day and Stock Checkup to double =
check=20
after I look at the chart</P></FONT><FONT size=3D2></FONT><FONT =
face=3DArial=20
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=20
try some of these sites you and others suggest, I might see the =
light. I=20
just want to try to correlate the data online to what is showing =
with the=20
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=20
that might be climbing the right side of the cup, indicating that =
the chart=20
should 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=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 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=20
than anything a matter of style and preference. There are many =
here on the=20
CANSLIM list who use the IBD exclusively for finding investment=20
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=20
in combination with other paid services. I still read the IBD's =
Big=20
Picture via the web each day and utilize the numerous educational =
features=20
they provide, but I let the papers pile up for about a month =
before I read=20
them these days, as all of my day to day mining and news =
monitoring is=20
done via other free and paid services. I personally found the IBD =
too time=20
consuming to use as a methodical mining tool and it didn't allow =
me to=20
track the ebb and flow of the market without being influenced by =
their=20
editorial bias. It's amazing how much information is available for =
free on=20
the web these days, so it's entirely possible to mine and track =
good=20
quality growth/CANSLIM candidates even without paid tools. =
Regardless of=20
the choice, I still think the real secret to successful investing =
is using=20
a disciplined approach and a methodical/consistent methodology. I =
think=20
most would be hard pressed to 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=20
10:17 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=20
service.<BR><BR>JC<BR><BR><BR>-<BR>-To 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></BLOCKQUOTE></BODY></HT=
ML>
- ------=_NextPart_000_000B_01C2A9A6.175559D0--
- -
- -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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