Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] filter
Date: Wed, 6 Aug 2003 15:41:25 -0500
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Ok, for the sake of organization here is a link to my filter:
http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1
QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116M
ZF116Z00F102Z04L10Z
<http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV
1QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116
MZF116Z00F102Z04L10Z&Name=o%27neal&Tickers=25> &Name=o%27neal&Tickers=25
As I mentioned earlier I am using the EXACT recommendations from
O'Neil's book but I am getting NO query results. Why is this? Are
WON's standards too high? What fundamentals should I be using? I
assume we all can agree on the CANSLIM methods but I guess there is
disagreement in the specific numbers to be used.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Wednesday, August 06, 2003 2:46 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] filter
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 <mailto:kmalm@earthlink.net>
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 <mailto:JHend746@cox.net>
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 <mailto:JHend746@cox.net>
To: Canslim <mailto:canslim@lists.xmission.com>
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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<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Ok, for the sake of organization =
here is a
link to my filter: </span></font><font size=3D2 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Qu=
ery=3DSV1QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%=
2e5F116MZF116Z00F102Z04L10Z&Name=3Do%27neal&Tickers=3D25">http://=
moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=3DSV1QF153Z=
04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116MZF116Z0=
0F102Z04L10Z&Name=3Do%27neal&Tickers=3D25</a><o:p></o:p></span></=
font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>As I mentioned earlier I am using the EXACT =
recommendations
from O’Neil’s book but I am getting NO query results. <span
style=3D'mso-spacerun:yes'> </span>Why is this?<span =
style=3D'mso-spacerun:yes'>
</span>Are <span class=3DSpellE>WON’s</span> standards too =
high?<span
style=3D'mso-spacerun:yes'> </span>What fundamentals should I be =
using?<span
style=3D'mso-spacerun:yes'> </span>I assume we all can agree on =
the CANSLIM
methods but I guess there is disagreement in the specific numbers to be =
used.<font
color=3Dnavy><span =
style=3D'color:navy'><o:p></o:p></span></font></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"14" Minute=3D"46"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>2:46 PM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
filter</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>Hi =
Gene,</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>Please see my follow up
clarification post on the comment on "the prior 52 =
weeks."</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>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? =
</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>Katherine</span></font><o:p=
></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'> -----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Gene Ricci<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Wednesday, August =
06, 2003
2:31 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
filter<o:p></o:p></span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Comic Sans MS"><span
style=3D'font-size:12.0pt;font-family:"Comic Sans MS"'>Hi Katherine, I'm =
pretty
sure that the RS ranks are not based over the prior 52 =
weeks.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Comic Sans MS"><span
style=3D'font-size:12.0pt;font-family:"Comic Sans MS"'>And, I have found =
the MSN
screener to be very effective. </span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Comic Sans MS"><span
style=3D'font-size:12.0pt;font-family:"Comic Sans =
MS"'>Gene</span></font><o:p></o:p></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:kmalm@earthlink.net" =
title=3D"kmalm@earthlink.net">Katherine Malm</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Wednesday,
August 06, 2003 2:21 PM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> RE:
[CANSLIM] filter<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Hi Jeff,<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>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.<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Katherine<o:p></o:p></span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>-----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>DMC197807<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Wednesday, August =
06, 2003
2:08 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
filter</span></font><o:p></o:p></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff,</span></font><o:p></o:=
p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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:</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><<Good, that's a bunch of information =
that you
can't use. Now, for some you<br>
can. There are only 3 numbers which matter, when all the dust is =
settled.<br>
They are NOT p/e, d/e, current ratio, PEG, profit margin or =
inventory<br>
turnover.<br>
<br>
THEY ARE: Price paid for shares, Price received for shares, Time =
held.<br>
<br>
Now, MILSCAN (Canslim to some of you) is a very interesting approach, =
and<br>
can possibly, with strong position and money management systems, help =
you to<br>
buy low and sell high in a timely timeframe.<br>
<br>
Here's how I think of these factors, in descending order of =
importance:<br>
<br>
<<M is for the market and the market trend. We are at an =
inflection
point<br>
here, so it's lookout below, or perhaps lookout above.<br>
<br>
N is for new highs in the stock, breaking out above the pivot point<br>
<br>
L is for an relative strength rating of 70 or better<br>
<br>
A is for annual earnings growth (this is for additional comfort)<br>
<br>
C is for current quarterly earnings (this is for additional comfort)<br>
<br>
I is for institutional sponsorship (this is a timing issue--I =
think I
trust<br>
the chart over this, for some reason)<br>
<br>
S is for supply of stock (looking for a relatively low no. of =
shares--here I<br>
want to exclude the over-issued monsters like CSCO and INTC where it =
will<br>
take a ton of momentum to move the billions of shares outstanding).<br>
<br>
In closing, using TA and FA together is a good idea, but when in =
conflict,<br>
trust the TA. Remember, out of 7000 stocks we are looking for 1 or =
2
names<br>
a week on which to carefully place our =
hopes. >><o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>DMC</span></font><o:p></o:p>=
</p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:JHend746@cox.net" title=3D"JHend746@cox.net">Jeff =
Henderson</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Wednesday,
August 06, 2003 11:40 AM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> RE:
[CANSLIM] filter<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Sorry about the
misunderstanding I was using the CANSLIM acronym.<span
style=3D'mso-spacerun:yes'> </span>I’ll explain my filter =
again.<span
style=3D'mso-spacerun:yes'> </span>First off I use MSN as my =
filter source.<span
style=3D'mso-spacerun:yes'> </span>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%.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] <b><span =
style=3D'font-weight:bold'>On
Behalf Of </span></b>DMC197807<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"11" Minute=3D"23"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>11:23 AM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
filter</span></font><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff,</span></font><o:p></o:=
p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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?</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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%.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>DMC</span></font><o:p></o:p>=
</p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>----- Original Message ----- =
<o:p></o:p></span></font></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:1.0in;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:JHend746@cox.net"
title=3D"JHend746@cox.net">Jeff Henderson</a> =
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">Canslim</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:time
Hour=3D"9" Minute=3D"2"><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>9:02 AM</span></font></st1:time><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p=
>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> [CANSLIM]
filter<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.<span
style=3D'mso-spacerun:yes'> </span>To my dismay, no stocks popped =
up.<span
style=3D'mso-spacerun:yes'> </span>How would you alter this =
filter?<o:p></o:p></span></font></p>
</blockquote>
</blockquote>
</blockquote>
</blockquote>
</blockquote>
</div>
</body>
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