RE: [CANSLIM] How do you CANSLIM?

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] How do you CANSLIM?
Date: Mon, 16 Jun 2003 07:31:34 -0500

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Hi Harold,

The report to which Treb is referring contains 2800 or so stocks and
corresponds to those that are included in the DailyGraphs printed product.
These are generally a mixture of "good" stocks (most with approx RS>=60) and
"bad" stocks (those generally used for shorting and with approx RS<=30). The
data is updated each day and the export to an Excel file is part of the
baseline DGO subscription ($720/yr). In order to use the DGO screening
feature, they make you ante up another $249/yr. (Add the industry analysis
for another $199/yr, or all three for $1000/yr). Even with the filtered
Excel list, you still have to spend time looking through all the charts to
find those that are nearing an entry point. The DGO charts are speedy, but
it generally takes about 15-30 seconds per chart depending on both one's
level of experience at reading charts and on the speed of their internet
connection.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Harold Josephson
Sent: Monday, June 16, 2003 1:24 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] How do you CANSLIM?


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,

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).

For discussion, here is how I do it.  I am still refining this method and
know that it has some limitations.

- -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.)

- -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.

- -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.

- -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.

- -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.

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?

Treb

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