RE: [CANSLIM] How do you CANSLIM?

From: "Harold Josephson" <hj@hjosephson.com>
Subject: RE: [CANSLIM] How do you CANSLIM?
Date: Mon, 16 Jun 2003 00:23:42 -0700

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Instead of the Excel download, Why not use DGO's Custom Screen Wizard to
filter for you?

Harold


- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Treb Courie
Sent: Sunday, June 15, 2003 5:19 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] How do you CANSLIM?

CANSLIMmers,
=20
There are many discussions on this list about the CANSLIM =
characteristics of
particular stocks, but not nearly as many about what I consider teh =
harder
part of CANSLIMming--how to pick out those stocks out of the thousands =
of
stocks out there.  Some people here have said that they use "Where the =
Big
Money is Flowing" or other IBD-sorted lists--and others have mentioned =
some
problems with using those lists (if the big money is flowing there, it's
already too late).
=20
For discussion, here is how I do it.  I am still refining this method =
and
know that it has some limitations. =20

- -Every weekend I go to DGO and download the Daily Graphs Company Index =
(I'm
pretty new to DGO and not familiar with all the powerful features on =
it.)=20

- -I put it into an Excel Spreadsheet and Filter the Data, usually >75 =
EPS,
>75 RS, SMR B or better, A/C B or better, >70 Comp, >50 Group RS.=20

- -I then go through all of those stocks (this week about 140 stocks) and =
view
the weekly graph, looking for a basic chart pattern.  For those with a
pattern, I check the daily (esp. if it has a short handle) to look more
closely at the recent activity. =20

- -Any stocks that I feel comfortable with I will record the pivot point =
and
watch that stock all week for a breakout.  This week I am only watching =
four
stocks.=20

- -The following week, I will repeat the entire process.

This process has some downsides.  One is that it takes a long time to =
view
that many charts, but I haven't figured out a good way to keep notes on =
the
stocks weekly while downloading the new ratings into my spreadsheet.
Another is that too many of the stocks that I view have already broken
out--I need to change my criteria to spot them before breaking out =
without
increasing my chart-analysis workload.
=20
I'd love to hear how others select their stocks and any comments others =
may
have about my system.  For example, for those of you who use the IBD
ratings, what do you use as your minimums?
=20
Treb

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