[CANSLIM] Foreign Markets CANSLIM?

From: "Jonathan Lobatto" <jlobatto@nyc.rr.com>
Subject: [CANSLIM] Foreign Markets CANSLIM?
Date: Sat, 22 Feb 2003 14:08:06 -0500

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As has been discussed here for a very long time, "M" stinks. However, =
there have been foreign markets (China and a few others) where "M" has =
actually been pretty decent the past year or so. I'm wondering if anyone =
has tried applying CANSLIM in a foreign market? After all, there's no =
philosophical reason (as opposed to practical ones) that it wouldn't be =
applicable to a non-US market. Now some will argue that foreign =
accounting and reporting doesn't have the same kind of transparency that =
our does, but after Enron (et al ad nauseum), what appears transparent =
was in reality totally obscured anyway.

If one wanted to try, the first thing that would be handy would be a =
database that ranks the RS and EPS of foreign stocks. I know that it's =
possible to get this info for ADRS, but I'm sure there are hundreds of =
non-ADrs that would be suitable candidates also. Of course actually =
purchasing the stocks presents other difficulties, but it may be worth =
at least discussing. So, any ideas?

Jon
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<DIV><FONT face=3DVerdana color=3D#0000ff>As has been discussed here for =
a very long=20
time, "M" stinks. However, there have been foreign&nbsp;markets (China =
and a few=20
others) where "M" has actually been pretty decent the past year or so. =
I'm=20
wondering if anyone has tried applying CANSLIM in a foreign market? =
After all,=20
there's no philosophical reason (as opposed to practical ones) that it =
wouldn't=20
be applicable to a non-US market. Now some will argue that foreign =
accounting=20
and reporting doesn't have the same kind of transparency that our does, =
but=20
after Enron (et al ad nauseum), what appears transparent was in=20
reality&nbsp;totally obscured anyway.</FONT></DIV>
<DIV><FONT face=3DVerdana color=3D#0000ff></FONT>&nbsp;</DIV>
<DIV><FONT face=3DVerdana color=3D#0000ff>If one wanted to try, the =
first thing that=20
would be handy would be a database that ranks the RS and EPS of foreign =
stocks.=20
I know that it's possible to get this info for ADRS, but I'm sure there =
are=20
hundreds of non-ADrs that would be suitable candidates also. Of course =
actually=20
purchasing the stocks presents other difficulties, but it may be worth =
at least=20
discussing. So, any ideas?</FONT></DIV>
<DIV><FONT face=3DVerdana color=3D#0000ff></FONT>&nbsp;</DIV>
<DIV><FONT face=3DVerdana color=3D#0000ff>Jon</FONT></DIV></BODY></HTML>

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