Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] M
Date: Wed, 12 Mar 2003 21:06:11 -0800
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Hi Nancy:
My criteria are the exact same as 'traditional' CANSLIM, except that I do not filter out candidates due to price or ADV or market cap.
They need to have strong revenue and EPS growth (preferably with EPS growth > revenue growth), new products/services, a strong outlook, good ROE. Most importantly, a quantum surge in ADV, or a noticeable sustanined increase in ADV seems to be the primary indicator of a sustained run. To me, this means that 'I' are coming into the stock.
I prefer to buy them right at the traditional trigger point - which makes it tricky, as 5% isn't much in a $4-$8 stock - often leaving me very short time frames for optimal purchase price.
The truth is that I would prefer to deal in more liquid, higher-priced stocks - but since March 2000, I've found that the smaller stocks offer me more predictability of sustained breakouts.
Recent examples include: ILI, DOCX, OPTC, SGMA - pay particular attention to trading volumes, and you'll see that a sustained increase means the breakout is likely to hold.
Cheers,
Ian
----- Original Message -----
From: NANCY POLCARO
To: canslim
Sent: Wednesday, March 12, 2003 8:01 PM
Subject: Re: [CANSLIM] M
Ian-I would be curious to know criteria you use to find nanocap canslims and those would be different from regular canslim rules. I have been wondering for quite a while how to scan or hunt for stocks like this and it would be perfect for people who do not have much money to get into the market. Thanks for any details you could supply nancy
----- Original Message -----
From: Ian
Sent: Wednesday, March 12, 2003 5:02 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] M
> I'm hearing a lot of comparison between the Gulf War and now too. If
> everyone expects the market will go up it might, at least at first while
> initially there is the appearance of serious progress
Hi Mike:
I've been wondering about this too. With all the bad news, and worsening
outlook, I've been baffled that the market hasn't really gone down
significantly. The NASDAQ is only down 4% on the year, and the OEX is down
less than 8%. Those numbers definitely do NOT match the 'terrible bear'
scenario painted by the media.
Also, given persistent high energy prices, and an undercurrent of rumours
that technology spending has really started to slow down, it's amazing to me
that the list of IBD leading groups is chock full of yesteryears tech
winners - meaning that the traders and speculators seem to still be out in
force.
I haven't seen much panic selling (except perhaps in the gold's) yet, and my
personal little world of nanocap CANSLIM has actually been doing
exceptionally well.
I'm starting to wonder if the Iraq conflict isn't actually serving to prop
up the market, since it plays into the hands of the idea that 'things are
"about" to get better'? Perhaps it is not possible for the market to really
drop until after the Iraq situation has played out? I guess we'll have to
keep an eye on the indices to find out.
Just musing - since there isn't much official CANSLIM discussion going on.
Cheers,
Ian
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<DIV><FONT face=Arial>Hi Nancy:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>My criteria are the exact same as 'traditional' CANSLIM,
except that I do not filter out candidates due to price or ADV or market
cap.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>They need to have strong revenue and EPS growth
(preferably with EPS growth > revenue growth), new products/services, a
strong outlook, good ROE. Most importantly, a quantum surge in ADV, or a
noticeable sustanined increase in ADV seems to be the primary indicator of a
sustained run. To me, this means that 'I' are coming into the
stock.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>I prefer to buy them right at the traditional trigger
point - which makes it tricky, as 5% isn't much in a $4-$8 stock - often leaving
me very short time frames for optimal purchase price.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>The truth is that I would prefer to deal in more liquid,
higher-priced stocks - but since March 2000, I've found that the smaller stocks
offer me more predictability of sustained breakouts.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Recent examples include: ILI, DOCX, OPTC, SGMA - pay
particular attention to trading volumes, and you'll see that a sustained
increase means the breakout is likely to hold.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Cheers,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Ian</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:ZILLAGIRL@msn.com" title=ZILLAGIRL@msn.com>NANCY POLCARO</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:canslim@lists.xmission.com"
title=canslim@lists.xmission.com>canslim</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, March 12, 2003 8:01
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] M</DIV>
<DIV><BR></DIV>
<DIV>Ian-I would be curious to know criteria you use to find nanocap canslims
and those would be different from regular canslim rules. I have
been wondering for quite a while how to scan or hunt for stocks like this and
it would be perfect for people who do not have much money to get into the
market. Thanks for any details you could supply nancy</DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt Arial">----- Original Message -----</DIV>
<DIV
style="BACKGROUND: #e4e4e4; COLOR: black; FONT: 10pt Arial"><B>From:</B>
Ian</DIV>
<DIV style="FONT: 10pt Arial"><B>Sent:</B> Wednesday, March 12, 2003 5:02
PM</DIV>
<DIV style="FONT: 10pt Arial"><B>To:</B> canslim@lists.xmission.com</DIV>
<DIV style="FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] M</DIV>
<DIV> </DIV>> I'm hearing a lot of comparison between the Gulf War
and now too. If<BR>> everyone expects the market will go up it
might, at least at first while<BR>> initially there is the appearance of
serious progress<BR><BR>Hi Mike:<BR><BR>I've been wondering about this too.
With all the bad news, and worsening<BR>outlook, I've been baffled that the
market hasn't really gone down<BR>significantly. The NASDAQ is only down 4%
on the year, and the OEX is down<BR>less than 8%. Those numbers definitely
do NOT match the 'terrible bear'<BR>scenario painted by the
media.<BR><BR>Also, given persistent high energy prices, and an undercurrent
of rumours<BR>that technology spending has really started to slow down, it's
amazing to me<BR>that the list of IBD leading groups is chock full of
yesteryears tech<BR>winners - meaning that the traders and speculators seem
to still be out in<BR>force.<BR><BR>I haven't seen much panic selling
(except perhaps in the gold's) yet, and my<BR>personal little world of
nanocap CANSLIM has actually been doing<BR>exceptionally well.<BR><BR>I'm
starting to wonder if the Iraq conflict isn't actually serving to prop<BR>up
the market, since it plays into the hands of the idea that 'things
are<BR>"about" to get better'? Perhaps it is not possible for the market to
really<BR>drop until after the Iraq situation has played out? I guess we'll
have to<BR>keep an eye on the indices to find out.<BR><BR>Just musing -
since there isn't much official CANSLIM discussion going
on.<BR><BR>Cheers,<BR><BR>Ian<BR><BR><BR>-<BR>-To subscribe/unsubscribe,
email "majordomo@xmission.com"<BR>-In the email body, write "subscribe
canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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