Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] filter
Date: Wed, 6 Aug 2003 14:43:04 -0500
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MSN's Relative strength is defined as follows:
Measures the price performance of a stock in comparison to all other =
stocks. Many analysts believe that stocks with strong and improving =
relative strength tend to continue to outperform all other stocks, all =
other things being equal.=20
The figure is obtained by calculating the percent price change of a =
stock over a particular time period and ranking it against all other =
stocks on a scale of 1 to 100, with 100 being best. Stocks that are =
ranked from 70 to 100 are considered to have good relative strength, =
while stocks ranked less than 50 are considered to have poor relative =
strength.
They allow 3 time periods:
3-month relative strength
6-month relative strength
12-month relative strength
And, the best part is being able to compare time periods to see if it's =
improving or not.
Gene
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 2:31 PM
Subject: Re: [CANSLIM] filter
Hi Katherine, I'm pretty sure that the RS ranks are not based over the =
prior 52 weeks.
And, I have found the MSN screener to be very effective.=20
Gene
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 2:21 PM
Subject: RE: [CANSLIM] filter
Hi Jeff,
I might add a note of caution on using the MSN screener. That is, =
their RS ranks are based on a flat change in price over the prior 52 =
weeks. This is significantly different than IBD's RS ranks, which are =
weighted so that the price action in the most recent quarter carries =
more weight (40%), while previous quarter's each carry 20% weight. The =
other difference in RS ranks is that the database over which they are =
determined is very different. RS ranks for the IBD are based on a =
universe of stocks which includes *only* common stocks on the major US =
(NASDAQ, NYSE, AMEX) and Canadian exchanges, plus closed end bond and =
equity funds. From what I remember, MSN RS ranks are calculated across =
all equities in the US markets, including warrants and preferreds. While =
the RS ranks at MSN are indeed useful, you would not be emulating the =
IBD rankings for purposes of filtering your stocks.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807
Sent: Wednesday, August 06, 2003 2:08 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
Jeff,
If you're using a free scanner, why don't you use the one Gene =
posted a couple of days ago (I'll repost his post) and play with the =
criteria there. If I adjust relative strength to 80 or above it spits =
out 15 names.
As for CANSLIM criteria, after M one supposes they are all =
important, and my descending order is no better (could be a lot worse) =
than anyone else's. However, you are asking a question that I answered =
2 days ago, at least from my perspective. This is from my note on 8/4 =
to Yien:
<<Good, that's a bunch of information that you can't use. Now, =
for some you
can. There are only 3 numbers which matter, when all the dust is =
settled.
They are NOT p/e, d/e, current ratio, PEG, profit margin or =
inventory
turnover.
THEY ARE: Price paid for shares, Price received for shares, Time =
held.
Now, MILSCAN (Canslim to some of you) is a very interesting =
approach, and
can possibly, with strong position and money management systems, =
help you to
buy low and sell high in a timely timeframe.
Here's how I think of these factors, in descending order of =
importance:
<<M is for the market and the market trend. We are at an =
inflection point
here, so it's lookout below, or perhaps lookout above.
N is for new highs in the stock, breaking out above the pivot =
point
L is for an relative strength rating of 70 or better
A is for annual earnings growth (this is for additional comfort)
C is for current quarterly earnings (this is for additional =
comfort)
I is for institutional sponsorship (this is a timing issue--I =
think I trust
the chart over this, for some reason)
S is for supply of stock (looking for a relatively low no. of =
shares--here I
want to exclude the over-issued monsters like CSCO and INTC where =
it will
take a ton of momentum to move the billions of shares =
outstanding).
In closing, using TA and FA together is a good idea, but when in =
conflict,
trust the TA. Remember, out of 7000 stocks we are looking for 1 =
or 2 names
a week on which to carefully place our hopes. >>
DMC
----- Original Message -----=20
From: Jeff Henderson=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 11:40 AM
Subject: RE: [CANSLIM] filter
Sorry about the misunderstanding I was using the CANSLIM =
acronym. I'll explain my filter again. First off I use MSN as my =
filter source. Here is my filter that I use: current earnings per share =
(the same quarter a year ago)>=3D70%, annual earnings per share over the =
past 5 years, >=3D 24% compounded, shares outstanding<25,000,000, =
relative strength> 80%.
=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: Wednesday, August 06, 2003 11:23 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
=20
Jeff,
=20
I don't understand which filter/scan you are using, or what all =
your variables mean. If you're using a public scan or stockcharts, =
maybe you can put in a link here?
=20
If C =3D capitalization and you are using only the top 30% of =
stocks you've filtered out way too many stocks already. In =
capitalization I only filter out the very top stocks, but that's just =
me. I don't know what your S is. For relative strength I use the top =
40% of the market, that is, stocks outperforming 60%.
=20
I'm willing to let some other names in because after this scan =
gives me names, I'm happy to look through charts to find appropriate =
patterns.
=20
DMC
=20
=20
----- Original Message -----=20
From: Jeff Henderson=20
To: Canslim=20
Sent: Wednesday, August 06, 2003 9:02 AM
Subject: [CANSLIM] filter
=20
After reading O'Neil's book I decided to use the filter =
C>=3D70, A>=3D5, S<25,000,000, relative strength>80 and last volume 1.5 =
average quarterly volume. To my dismay, no stocks popped up. How would =
you alter this filter?
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<DIV>
<P><FONT face=3D"Comic Sans MS">MSN's Relative strength is defined as=20
follows:</FONT>
<P>Measures the price performance of a stock in comparison to all other =
stocks.=20
Many analysts believe that stocks with strong and improving relative =
strength=20
tend to continue to outperform all other stocks, all other things being =
equal.=20
<P>
<P>The figure is obtained by calculating the percent price change of a =
stock=20
over a particular time period and ranking it against all other stocks on =
a scale=20
of 1 to 100, with 100 being best. Stocks that are ranked from 70 to 100 =
are=20
considered to have good relative strength, while stocks ranked less than =
50 are=20
considered to have poor relative strength.</P>
<P><FONT face=3D"Comic Sans MS">They allow 3 time periods:</FONT></P>
<P><FONT face=3D"Comic Sans MS">3-month relative strength</FONT></P>
<P><FONT face=3D"Comic Sans MS">6-month relative strength</FONT></P>
<P><FONT face=3D"Comic Sans MS">12-month relative strength</FONT></P>
<P><FONT face=3D"Comic Sans MS">And, the best part is being able to =
compare time=20
periods to see if it's improving or not.</FONT></P>
<P><FONT face=3D"Comic Sans MS">Gene</FONT></P>
<P><FONT face=3D"Comic Sans MS"></FONT> </P></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 2:31=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Hi Katherine, I'm pretty sure that =
the RS=20
ranks are not based over the prior 52 weeks.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">And, I have found the MSN screener =
to be very=20
effective. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 2:21=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D281181619-06082003>Hi Jeff,</SPAN></DIV>
<DIV><SPAN class=3D281181619-06082003></SPAN> </DIV>
<DIV><SPAN class=3D281181619-06082003>I might add a note of caution =
on using=20
the MSN screener. That is, their RS ranks are based on a flat change =
in=20
price over the prior 52 weeks. This is significantly different than =
IBD's RS=20
ranks, which are weighted so that the price action in the most =
recent=20
quarter carries more weight (40%), while previous quarter's each =
carry 20%=20
weight. The other difference in RS ranks is that the database over =
which=20
they are determined is very different. RS ranks for the IBD are =
based on a=20
universe of stocks which includes *only* common stocks on the major =
US=20
(NASDAQ, NYSE, AMEX) and Canadian exchanges, plus closed =
end bond=20
and equity funds. From what I remember, MSN RS ranks are calculated =
across=20
all equities in the US markets, including warrants and preferreds. =
While the=20
RS ranks at MSN are indeed useful, you would not be emulating the =
IBD=20
rankings for purposes of filtering your stocks.</SPAN></DIV>
<DIV><SPAN class=3D281181619-06082003></SPAN> </DIV>
<DIV><SPAN class=3D281181619-06082003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
</B>DMC197807<BR><B>Sent:</B> Wednesday, August 06, 2003 2:08=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM] filter<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Jeff,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>If you're using a free scanner, =
why don't you=20
use the one Gene posted a couple of days ago (I'll repost his =
post) and=20
play with the criteria there. If I adjust relative strength =
to 80 or=20
above it spits out 15 names.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>As for CANSLIM criteria, after M =
one supposes=20
they are all important, and my descending order is no better =
(could be a=20
lot worse) than anyone else's. However, you are asking a =
question=20
that I answered 2 days ago, at least from my perspective. =
This is=20
from my note on 8/4 to Yien:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><<Good, that's a bunch of information that you can't =
use. =20
Now, for some you<BR>can. There are only 3 numbers which =
matter,=20
when all the dust is settled.<BR>They are NOT p/e, d/e, current =
ratio,=20
PEG, profit margin or inventory<BR>turnover.<BR><BR>THEY =
ARE: Price=20
paid for shares, Price received for shares, Time held.<BR><BR>Now, =
MILSCAN=20
(Canslim to some of you) is a very interesting approach, =
and<BR>can=20
possibly, with strong position and money management systems, help =
you=20
to<BR>buy low and sell high in a timely timeframe.<BR><BR>Here's =
how I=20
think of these factors, in descending order of=20
importance:<BR><BR><<M is for the market and the market =
trend. =20
We are at an inflection point<BR>here, so it's lookout below, or =
perhaps=20
lookout above.<BR><BR>N is for new highs in the stock, breaking =
out above=20
the pivot point<BR><BR>L is for an relative strength rating of 70 =
or=20
better<BR><BR>A is for annual earnings growth (this is for =
additional=20
comfort)<BR><BR>C is for current quarterly earnings (this is for=20
additional comfort)<BR><BR>I is for institutional =
sponsorship (this=20
is a timing issue--I think I trust<BR>the chart over this, for =
some=20
reason)<BR><BR>S is for supply of stock (looking for a relatively =
low no.=20
of shares--here I<BR>want to exclude the over-issued monsters like =
CSCO=20
and INTC where it will<BR>take a ton of momentum to move the =
billions of=20
shares outstanding).<BR><BR>In closing, using TA and FA together =
is a good=20
idea, but when in conflict,<BR>trust the TA. Remember, out =
of 7000=20
stocks we are looking for 1 or 2 names<BR>a week on which to =
carefully=20
place our hopes. >></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DJHend746@cox.net =
href=3D"mailto:JHend746@cox.net">Jeff=20
Henderson</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August =
06, 2003=20
11:40 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Sorry =
about the=20
misunderstanding I was using the CANSLIM acronym. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I=92ll explain my =
filter=20
again.<SPAN style=3D"mso-spacerun: yes"> </SPAN>First off =
I use MSN=20
as my filter source. <SPAN style=3D"mso-spacerun: =
yes"> </SPAN>Here=20
is my filter that I use: current earnings per share (the same =
quarter a=20
year ago)>=3D70%, annual earnings per share over the past 5 =
years,=20
>=3D 24% compounded, shares outstanding<25,000,000, =
relative=20
strength> 80%.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com] <B><SPAN=20
style=3D"FONT-WEIGHT: bold">On Behalf Of =
</SPAN></B>DMC197807<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
</SPAN></FONT><st1:date=20
Month=3D"8" Day=3D"6" Year=3D"2003"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Wednesday, August =
06,=20
2003</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Hour=3D"11" Minute=3D"23"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">11:23=20
AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM]=20
filter</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Jeff,</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I =
don't=20
understand which filter/scan you are using, or what all your =
variables=20
mean. If you're using a public scan or stockcharts, maybe =
you can=20
put in a link here?</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">If =
C =3D=20
capitalization and you are using only the top 30% of stocks =
you've=20
filtered out way too many stocks already. In =
capitalization I only=20
filter out the very top stocks, but that's just me. I =
don't know=20
what your S is. For relative strength I use the top 40% of =
the=20
market, that is, stocks outperforming=20
60%.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I'm =
willing to=20
let some other names in because after this scan gives me names, =
I'm=20
happy to look through charts to find appropriate=20
patterns.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">DMC</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN style=3D"FONT-SIZE: =
12pt">-----=20
Original Message ----- <o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; =
BORDER-TOP: medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: =
5pt 0in 5pt 3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none">
<DIV style=3D"font-color: black">
<P class=3DMsoNormal=20
style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
<A title=3DJHend746@cox.net =
href=3D"mailto:JHend746@cox.net">Jeff=20
Henderson</A> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
<A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">Canslim</A>=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"6" =
Year=3D"2003"><FONT face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Wednesday,=20
August 06, 2003</SPAN></FONT></st1:date><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> =
</SPAN></FONT><st1:time=20
Hour=3D"9" Minute=3D"2"><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">9:02=20
AM</SPAN></FONT></st1:time><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
[CANSLIM] filter<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">After reading=20
O=92Neil=92s book I decided to use the filter C>=3D70, =
A>=3D5,=20
S<25,000,000, relative strength>80 and last volume 1.5 =
average=20
quarterly volume.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>To my=20
dismay, no stocks popped up.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>How would you alter this=20
=
filter?<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></DIV></BLOCKQUOTE></BLO=
CKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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