Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] filter
Date: Wed, 6 Aug 2003 14:45:34 -0500
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Hi Gene,
Please see my follow up clarification post on the comment on "the prior 52
weeks."
I did not state nor intend to imply that MSN screeners weren't effective, but
that they would not produce the same results as those you would get when using
DGO/IBD RSRanks. It's worth noting for those that are unaware that the RS values
at free screening sites such as MSN are *not* the same as those from IBD/DGO.
The same is true of industry ranks, etc., as the methdologies are quite
different.
It does leave a particular question, however, as to why you would find it
necessary to use free MSN screeners when you use several different subscription
services (HGSI and Vectorvest) and also use Metastock for screening (though I
realize you probably use the QP2 data from the HGSI feed). HGSI, in particular,
closely mirrors the IBD/DGO RSranks and includes EPS ranks as well. They also
have a particularly comprehensive set of tools for performing analysis of a
stock's technicals and fundamentals. Why use so many different tools?
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
Sent: Wednesday, August 06, 2003 2:31 PM
To: canslim@lists.xmission.com
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.
Gene
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
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 -----
From: Jeff Henderson
To: canslim@lists.xmission.com
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)>=70%, annual earnings per share over the past 5 years, >= 24% compounded,
shares outstanding<25,000,000, relative strength> 80%.
-----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
Jeff,
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?
If C = 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%.
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.
DMC
----- Original Message -----
From: Jeff Henderson
To: Canslim
Sent: Wednesday, August 06, 2003 9:02 AM
Subject: [CANSLIM] filter
After reading O’Neil’s book I decided to use the filter C>=70, A>=5,
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><SPAN class=3D890493319-06082003><FONT face=3DTahoma size=3D2>Hi=20
Gene,</FONT></SPAN></DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma =
size=3D2>Please see my=20
follow up clarification post on the comment on "the prior 52=20
weeks."</FONT></SPAN></DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma size=3D2>I did =
not state nor=20
intend to imply that MSN screeners weren't effective, but that they =
would not=20
produce the same results as those you would get when using DGO/IBD =
RSRanks. It's=20
worth noting for those that are unaware that the RS values at free =
screening=20
sites such as MSN are *not* the same as those from IBD/DGO. The same is =
true of=20
industry ranks, etc., as the methdologies are quite=20
different.</FONT></SPAN></DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma size=3D2>It =
does leave a=20
particular question, however, as to why you would find it necessary to =
use free=20
MSN screeners when you use several different subscription services (HGSI =
and=20
Vectorvest) and also use Metastock for screening (though I realize you =
probably=20
use the QP2 data from the HGSI feed). HGSI, in particular, closely =
mirrors the=20
IBD/DGO RSranks and includes EPS ranks as well. They also have a =
particularly=20
comprehensive set of tools for performing analysis of a stock's =
technicals and=20
fundamentals. Why use so many different tools? </FONT></SPAN></DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D890493319-06082003><FONT face=3DTahoma=20
size=3D2>Katherine</FONT></SPAN></DIV>
<DIV><SPAN class=3D890493319-06082003></SPAN><FONT face=3DTahoma =
size=3D2><SPAN=20
class=3D890493319-06082003><FONT face=3D"Times New Roman"=20
size=3D3> </FONT></SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma size=3D2><SPAN=20
class=3D890493319-06082003></SPAN></FONT> </DIV>
<DIV><FONT face=3DTahoma size=3D2><SPAN=20
class=3D890493319-06082003> </SPAN>-----Original =
Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<B>On=20
Behalf Of </B>Gene Ricci<BR><B>Sent:</B> Wednesday, August 06, 2003 2:31 =
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
filter<BR><BR></DIV></FONT>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<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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