Go to Jeff Salisbury LWGate Home Page.From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] MSN Money Screener Search
Date: Fri, 17 Jan 2003 09:20:51 -0800 (PST)
Next Article (by Subject): Re: [CANSLIM] Re:Rok "Tom Worley"
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John I am not Katherin, but would like to mention something. Please do not take my comments in a wrong way; I am not meaning them in a mean way. From your comments below, you seem to feel that 6 hours spent is too much? Investing is not easy and like anything else, you cannot expect to be successul if you are not willing to spend time on it. Investing is not any easier, and most likely more difficult than any "normal" day job and do you really think one would be successful if you only spend an hour, or two a week researching stocks? If it was that easy, everyone would be doing it. Who wouldn't want to work only a couple of hours a week and sit back and enjoy the money rolling in? :-) Regards - - Fanus - --- John Calkins <jcalkins@olypen.com> wrote: > Thank you Katherine for teaching me how to fish. > Interestingly, of the 317 names that I found as you > showed me, I used your CWH charts to look at each > stock. I found a little more than half had charts > that had bases worth concidering a closer look. But > just going through each chart, with a high speed > connection took me nearly 6 hours, a couple of hours > each of 3 evenings. Would you recommend looking at > a simpler, faster chart first like your link to > bigcharts to get a quick pattern scan and start > culling out the poor patterns from there? You said > you didn't grade the chart patterns. If you don't > somehow develope a pattern grading system, like at > least Mike does in his Weekend Review, then how do > you proceed from here? If I don't want to look at > so many charts and you recommend that you like the > U/D volume to be higher, would you recommed > screening the U/D volume at say 1.5? > > Thanks > > JC > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Sunday, January 12, 2003 6:55 AM > Subject: RE: [CANSLIM] MSN Money Screener Search > > > Hi John, > > You won't be able to duplicate my results on MSN > because my forward growth rates come from VectorVest > and because I'm not sure how MSN calculates their > Relative Strength Rankings. DGO, HGS and my site use > a price weighted 12 month ranking which puts 40% of > the weight on the most recent quarter and 20% weight > on each of the preceding quarters. > > MSN, like DGO's screener, has an infuriating habit > of limiting the number of results from any search to > < 200. You'll have to break down a broad-based > search like this into 2 parts to pick up all the > stocks for RS>=60. Each time you run it, you have to > check that the query has not cut off any of your > results, then adjust the break point in the RS to > accommodate a result of <200 stocks. This particular > MSN clone search resulted in 317 names, so I'm > afraid the overlap is not that great. In comparing > my personal CANSLIM Hunting screen to the MSN screen > below, there were 179 names in common, 332 names on > my list but not on the MSN list, and 138 names on > the MSN list but not on my Hunting list. I have used > the "EPS Growth Next Yr" as a proxy for the > VectorVest forward growth rate, but you might want > to experiment a bit with their other available > forward estimated growth rates such as "Next Yr > Growth Rate." I have a friend who uses this > particular field and sets is to a slightly lower > rate (10-12.5 or so). > > EPS Growth Next Yr >= 15 > Last Price >= 6 > Avg. Daily Vol. Last Month >= 30000 > Last Price >= 0.85*50-Day Moving Average > Last Price >= 200-Day Moving Average > 12-Month Relative Strength >= 60 > 12-Month Relative Strength <= 84 > > > > EPS Growth Next Yr >= 15 > Last Price >= 6 > Avg. Daily Vol. Last Month >= 30000 > Last Price >= 0.85*50-Day Moving Average > Last Price >= 200-Day Moving Average > 12-Month Relative Strength >= 85 > > --Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of John Calkins > Sent: Sunday, January 12, 2003 12:11 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] MSN Money Screener Search > > > Katherine, > > Could you show me on how to replicate some of > your screens on MSN. I'm not sure if I understand > it's limitations. I don't think it will let me > enter percentages. > > jc > > > > http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1QF219Z04L15ZF3Z04L6ZF114Z04L30000ZF253Z04L60ZF250Z03F250ZF251Z04F251Z&Name=KMclone1&Tickers=200 > > > __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now. http://mailplus.yahoo.com - - - -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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