RE: [CANSLIM] Question on CS Evaluator

From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] Question on CS Evaluator
Date: Mon, 2 Jun 2003 22:55:50 -0700 (PDT)

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Katherine,

Your second paragraph answered my question.  Thank You
very much.

As for your first paragraph, I was just looking to add
the stock to my watchlist.  I do not intend to buy it
now.  Of course, I have to wait for a good base and BO
before I buy it.

Regards,
tomas

- --- Katherine Malm <kmalm@earthlink.net> wrote:
> Hi Tomas,
> 
> Remember that the CE score tells you the current
> fundamental and technical
> condition of the stock in broad terms. A good CEF
> (fundamental) score tells
> you that it meets most of the desired fundamental
> requirements of a CANSLIM
> stock. A good CET (technical) score tells you that
> the stock is technically
> sound. However, take a look at the chart for ENDP
> and you'll see that it
> offers no technical entry point, having already
> broken out 3/25. In the same
> vein, a stock could have an IBD composite score of
> 99, an RS of 99 and an
> EPS of 99, thus a good "score" but that doesn't mean
> that it has a low-risk
> entry point and is therefore buyable. Another way to
> say it is, you don't
> buy a stock because it has a good score, you buy a
> stock because it is
> setting up for a breakout and has a very good score
> relative to other stocks
> that are also setting up.
> 
> The IBD's proprietary A/D ranking looks at the prior
> 13 weeks of
> "institutional" buys and sells to derive the score.
> I think it's a useful
> tool for getting a feel for the buy/sell action at
> the time the stock is
> setting for a potential breakout, but it's a
> secondary or tertiary indicator
> in my view because of its lagging nature. All else
> being equal, I would
> choose the stock with the better A/D, but I would
> never use it to mine for
> candidates.
> 
> Katherine
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of Tomas
> Sent: Monday, June 02, 2003 10:19 PM
> To: canslim canslim
> Subject: [CANSLIM] Question on CS Evaluator
> 
> 
> Katherine,
> 
> I looked up ENDP on the CE and it got very high
> score.
>  6.61(CET)  9.19(CEF)  15.80(total).  However, when
> I
> check the CS rating, it has a D+ for acc/dist.  I
> guess your CE does not put too much weight the
> institutional selling?  If I am a CS purest, I would
> not consider this stock.  However, everything else
> looks great, and I would hate to not add this stock
> to
> my watch list.  Can you comment on this issue?
> 
> Thanks,
> tomas
> 
> 
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