Go to Jeff Salisbury LWGate Home Page.From: "John Calkins" <jcalkins@olypen.com>
Subject: Re: [CANSLIM] MSN Money Screener Search
Date: Sat, 18 Jan 2003 11:30:27 -0800
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Hi Fanus, No, of coarse I don't take your comments the wrong way, this group of people are the best I have seen in helping one another in this common intrest in CANSLIM. But I am a little dissapointed that you feel nessary to set me straight, instead of giving me some advice on what to do, which shows me that you do not read all the posts here like I do. I may have sounded impatient on the time it took to download the stock charts. This is not so, I have a cable modem and the download time from CWH Charts was an increadible 10-20 seconds. If you have looked at their charts, they a chucked full of the most important information used in CANSLIM saving tons of time looking that info up. My question goes back to my four years of following the screens in IBD and then going to the charts, where as it was suggest by several members of this group to loosen up on the screens, look at the charts first and then confirm the data. That way I would be able to see the forest for the trees. When I mined the paper, I would end up with a list of about 100 stocks each week that I would use the weekend to "STUDY" their charts, grade the patterns and then follow each week. But by starting with 3 to 6 times as many charts to go through, first I was wondering if maybe I should tighten up the screen some. WARNING...I GET LONG WINDED HERE AND REPEAT SOME OF MY PREVIOUS POSTS .....BUT IT IS INTERESTING IF YOU HAVE TIME. I realize I am now just getting going on this kind of backwards way from the way I was doing this, by looking at more charts first.......the results of me getting a high speed....wireless...sit next to my wife while watching TV....not stuck in my computer room....sort of improvement I made that I can really stick with. When I explained that I spent an hour each morning reading yesterdays IBD while working out on my Nordic-Trac at 4 am. And and hour each night typing in each of the "Where The Big Money's Flowing" from the paper and looking at some of the charts, it was suggested to open up my universe with wider screens and then use the paper to confirm rather than to screen with. I agreed and changed my life forever from reading day-old news. I still get up at 4, now I read OFF-LINE saved web pages, only because by barn is out of range of my wireless access point router, while working out each morning on a stationary bike, Nordic track and weight machine! It's increadible, its easier to see than a newspaper! The time goes so fast that I often exersise more because I loose track of time just like we all do when were pokin around with these charts. My mind is clearer for the day. I love this stuff. Now I want wireless so I can fish and bike ride and still look at data......So I'm an extreamist in the new tech stuff. I've always been the first to try something and somehow work it into my life, my job eats up 10 hours of my time each day, I work outdoors with hand held computers, so its a natural for me to think this way, how to do things on the run, because of my time. I am quite infatuted with this......figuring out ways to stay connected. I'm a Log Scaler, an accountant of the raw material. I look at and visually grade logs and measure them, it is where the pricing of the timber is set at an offical price based on my data. This grading or visual interpitation of what I see fits in great with looking at stocks! So to know how a person thinks, makes it easier to give advice. I want to screen, chart, research, sort, chart again, sort the charts, and then alert me to the breatout at anytime any place...stock alerts to cellphones, I would have the always stock list in my pocket. Not tied to my computer room. I know it can be done. I just have to figure out where to put all the pieces. Get this, when my Dr. told me my cholesterol was up, and my Dr. suggested I excercise or take Zocor in a few years, I turned to a modified vegan diet and exercise and changed my life forever...5 years ago. So I know a person can change the way they pick their stocks. It just takes years of planning and trying to get it right....never give up...my day job is like this....subjective...all day long. I was extreamily involved with organizing and running a local computer group in the early 80's......The first question a visitor or member would ask me is what computer do I buy? I would tell them; look at the software and then buy the computer that runs the software the best or look at the final product and see if that is what you want. If you build a database or picture album, you need to see all the tools first, learn some and select the ones that may work best for you. Then you need to try a project and see what it might look like in the end. Then ask questions to those who have tried different ways to see if you can modify your approach. Develope a point of understanding, a base of knowledge that you can jump from like a breakout from a good handle. Never give up changing or modifying. So I guess my question is do you have a suggestion on a tightning of the screens or is it better to look at more charts first and somehow build a grading system for the charts. I was using something like a"U~" for a CWH and a "W~" for a dbl bottom and was concidering using a letter or numeric grade to help sort the charts in my spreadsheet after quickly viewing them. When Katherine mensioned she didn't grade the charts, I was a bit supprised on how you might sort out all the visuals of these charts and build a relationship to all the work you just did looking at all the charts. This is why I asked if maybe to go to a very quick charting service that didn't show much data but quickly showed you the patterns as to cull out the obvious......like my day job! Thanks JC - ----- Original Message ----- From: "Fanus" <fanus13@yahoo.com> To: <canslim@lists.xmission.com> Sent: Friday, January 17, 2003 9:20 AM Subject: Re: [CANSLIM] MSN Money Screener Search > 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=SV1QF21 9Z04L15ZF3Z04L6ZF114Z04L30000ZF253Z04L60ZF250Z03F250ZF251Z04F251Z&Name=KMclo ne1&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. > - - - -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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