Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] filter
Date: Wed, 6 Aug 2003 16:09:34 -0500
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HI Jeff,
First, your EPS growth rate QoQ is too high. I think you might be mixing up QoQ
growth rate with the EPS *ranking* that the IBD provides. The EPS ranking
provided by IBD is a proprietary measure which looks at the growth rates over
the prior 3 years, runs a calculation, then ranks all stocks one against the
other from 1 to 99. If the IBD suggests EPS>=70, this is referring to an EPS
ranking >=70, not to eps QoQ growth rate >= 70% per quarter.
Second, if you use a volume filter of 150% average volume, you will only be
finding stocks that have had a huge volume move on the prior day. While a stock
is building a base, you generally want to see increasing volume on the right
hand side of the base, but limiting your filter as you have is too restrictive.
More likely, you'll find stocks that broke out on the prior day. Too late.
Next, the RS filter you are using is not the same as IBD's RS rank. The one you
have included is a *flat* 6 month RS, not the 12 month *weighted* RS that WON
uses.
Finally, the insitutional ownership listed in MSN is a percentage of the
*outstanding* shares. WON uses a percentage that is the percentage of shares in
*float*. In either case, WON does not give an absolute as to "how much"
insitutional ownership is required, only that you want the stock to be owned by
"at least a few" institutions.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Wednesday, August 06, 2003 3:41 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] filter
Ok, for the sake of organization here is a link to my filter:
http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1QF153Z04
L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116MZF116Z00F102Z04L
10Z&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
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=3D252120221-06082003>HI Jeff,</SPAN></DIV>
<DIV><SPAN class=3D252120221-06082003></SPAN> </DIV>
<DIV><SPAN class=3D252120221-06082003>First, your EPS growth rate QoQ is =
too high.=20
I think you might be mixing up QoQ growth rate with the EPS *ranking* =
that the=20
IBD provides. The EPS ranking provided by IBD is a proprietary measure =
which=20
looks at the growth rates over the prior 3 years, runs a calculation, =
then ranks=20
all stocks one against the other from 1 to 99. If the IBD suggests =
EPS>=3D70,=20
this is referring to an EPS ranking >=3D70, not to eps QoQ growth =
rate >=3D=20
70% per quarter.</SPAN></DIV>
<DIV><SPAN class=3D252120221-06082003></SPAN> </DIV>
<DIV><SPAN class=3D252120221-06082003>Second, if you use a volume filter =
of 150%=20
average volume, you will only be finding stocks that have had a huge =
volume move=20
on the prior day. While a stock is building a base, you generally want =
to see=20
increasing volume on the right hand side of the base, but limiting your =
filter=20
as you have is too restrictive. More likely, you'll find stocks that =
broke out=20
on the prior day. Too late.</SPAN></DIV>
<DIV><SPAN class=3D252120221-06082003></SPAN> </DIV>
<DIV><SPAN class=3D252120221-06082003>Next, the RS filter you are using =
is not the=20
same as IBD's RS rank. The one you have included is a *flat* 6 month RS, =
not the=20
12 month *weighted* RS that WON uses. </SPAN></DIV>
<DIV><SPAN class=3D252120221-06082003></SPAN> </DIV>
<DIV><SPAN class=3D252120221-06082003>Finally, the insitutional =
ownership listed=20
in MSN is a percentage of the *outstanding* shares. WON uses a =
percentage that=20
is the percentage of shares in *float*. In either case, WON does not =
give an=20
absolute as to "how much" insitutional ownership is required, only that =
you want=20
the stock to be owned by "at least a few" institutions.</SPAN></DIV>
<DIV><SPAN class=3D252120221-06082003></SPAN> </DIV>
<DIV><SPAN class=3D252120221-06082003>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 </B>Jeff=20
Henderson<BR><B>Sent:</B> Wednesday, August 06, 2003 3:41 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM]=20
filter<BR><BR></FONT></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">Ok, for the =
sake of=20
organization here is a link to my filter: </SPAN></FONT><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"><A=20
=
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 face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">As I mentioned earlier I =
am using=20
the EXACT recommendations from O’Neil’s book but I am =
getting NO query=20
results. <SPAN style=3D"mso-spacerun: yes"> </SPAN>Why is =
this?<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Are <SPAN =
class=3DSpellE>WON’s</SPAN>=20
standards too high?<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>What=20
fundamentals should I be using?<SPAN style=3D"mso-spacerun: =
yes"> </SPAN>I=20
assume we all can agree on the CANSLIM methods but I guess there is=20
disagreement in the specific numbers to be used.<FONT =
color=3Dnavy><SPAN=20
style=3D"COLOR: navy"><o:p></o:p></SPAN></FONT></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 =
size=3D2><SPAN=20
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 =
[mailto:owner-canslim@lists.xmission.com]=20
<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>=20
</SPAN></FONT><st1:date Year=3D"2003" Day=3D"6" Month=3D"8"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Wednesday, August=20
06, 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
Minute=3D"46" Hour=3D"14"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">2:46=20
PM</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 face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Hi=20
Gene,</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN 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=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Please see my follow up =
clarification post on the comment on "the prior 52=20
weeks."</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN 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=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">I did not state nor =
intend to=20
imply that MSN screeners weren't effective, but that they would not =
produce=20
the same results as those you would get when using DGO/IBD RSRanks. =
It's worth=20
noting for those that are unaware that the RS values at free screening =
sites=20
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.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN 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=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">It does leave a =
particular=20
question, however, as to why you would find it necessary to use free =
MSN=20
screeners when you use several different subscription services (HGSI =
and=20
Vectorvest) and also use Metastock for screening (though I realize you =
probably use the QP2 data from the HGSI feed). HGSI, in particular, =
closely=20
mirrors the IBD/DGO RSranks and includes EPS ranks as well. They also =
have a=20
particularly comprehensive set of tools for performing analysis of a =
stock's=20
technicals and fundamentals. Why use so many different tools?=20
</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN 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=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Katherine</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN 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=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: 0in; =
mso-margin-top-alt: 0in"><FONT=20
face=3DTahoma size=3D2><SPAN=20
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 =
style=3D"FONT-WEIGHT: bold">On=20
Behalf Of </SPAN></B>Gene Ricci<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Wednesday, August 06, =
2003 2:31=20
PM<BR><B><SPAN 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<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; =
MARGIN-RIGHT: 0in">
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Comic Sans MS"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt; FONT-FAMILY: 'Comic Sans =
MS'">Hi=20
Katherine, I'm pretty sure that the RS ranks are not based over the =
prior 52=20
weeks.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Comic Sans MS"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt; FONT-FAMILY: 'Comic Sans =
MS'">And, I=20
have found the MSN screener to be very effective.=20
</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Comic Sans MS"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: 'Comic Sans =
MS'">Gene</SPAN></FONT><o:p></o:p></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>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- =
Original=20
Message ----- <o:p></o:p></SPAN></FONT></P></DIV>
<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"> <A=20
title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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"> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</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
Wednesday, August 06, 2003 2:21 =
PM<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"> RE:=20
[CANSLIM] filter<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Hi=20
Jeff,<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">I might add a note of =
caution on=20
using the MSN screener. That is, their RS ranks are based on a =
flat change=20
in price over the prior 52 weeks. This is significantly different =
than=20
IBD's RS ranks, which are weighted so that the price action in the =
most=20
recent quarter carries more weight (40%), while previous quarter's =
each=20
carry 20% weight. The other difference in RS ranks is that the =
database=20
over which they are determined is very different. RS ranks for the =
IBD are=20
based on a universe of stocks which includes *only* common stocks =
on the=20
major US (NASDAQ, NYSE, AMEX) and Canadian exchanges, =
plus=20
closed end bond and equity funds. From what I remember, MSN RS =
ranks are=20
calculated across all equities in the US markets, including =
warrants and=20
preferreds. While the RS ranks at MSN are indeed useful, you would =
not be=20
emulating the IBD rankings for purposes of filtering your=20
stocks.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt">Katherine<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; MARGIN-RIGHT: 0in">
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: =
0in; mso-margin-top-alt: 0in"><FONT=20
face=3DTahoma size=3D2><SPAN=20
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> Wednesday, August =
06, 2003=20
2:08 PM<BR><B><SPAN 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><o:p></o:p></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">If =
you're using=20
a free scanner, why don't you use the one Gene posted a couple =
of days=20
ago (I'll repost his post) and play with the criteria =
there. If I=20
adjust relative strength to 80 or above it spits out 15=20
names.</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">As =
for CANSLIM=20
criteria, after M one supposes they are all important, and my =
descending=20
order is no better (could be a lot worse) than anyone =
else's. =20
However, you are asking a question that I answered 2 days ago, =
at least=20
from my perspective. This is from my note on 8/4 to=20
Yien:</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=20
style=3D"FONT-SIZE: 12pt"><<Good, that's a bunch of =
information that=20
you can't use. Now, for some you<BR>can. There are =
only 3=20
numbers which matter, when all the dust is settled.<BR>They are =
NOT p/e,=20
d/e, current ratio, PEG, profit margin or=20
inventory<BR>turnover.<BR><BR>THEY ARE: Price paid for =
shares,=20
Price received for shares, Time held.<BR><BR>Now, MILSCAN =
(Canslim to=20
some of you) is a very interesting approach, and<BR>can =
possibly, with=20
strong position and money management systems, help you to<BR>buy =
low and=20
sell high in a timely timeframe.<BR><BR>Here's how I think of =
these=20
factors, in descending order of importance:<BR><BR><<M is =
for the=20
market and the market trend. We are at an inflection=20
point<BR>here, so it's lookout below, or perhaps lookout =
above.<BR><BR>N=20
is for new highs in the stock, breaking out above the pivot=20
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 =
additional comfort)<BR><BR>I is for institutional =
sponsorship =20
(this is a timing issue--I think I trust<BR>the chart over this, =
for=20
some reason)<BR><BR>S is for supply of stock (looking for a =
relatively=20
low no. of shares--here I<BR>want to exclude the over-issued =
monsters=20
like CSCO and INTC where it will<BR>take a ton of momentum to =
move the=20
billions of shares outstanding).<BR><BR>In closing, using TA and =
FA=20
together is a good idea, but when in conflict,<BR>trust the =
TA. =20
Remember, out of 7000 stocks we are looking for 1 or 2 =
names<BR>a week=20
on which to carefully place our=20
hopes. >><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 =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">DMC</SPAN></FONT><o:p></o:p></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>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">-----=20
Original Message ----- <o:p></o:p></SPAN></FONT></P></DIV>
<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@lists.xmission.com</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
Wednesday, August 06, 2003 11:40 =
AM<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
RE: [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
color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Sorry about=20
the misunderstanding I was using the CANSLIM acronym.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I’ll explain =
my filter=20
again.<SPAN style=3D"mso-spacerun: yes"> </SPAN>First =
off I use=20
MSN as my filter source.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>Here is my filter that I use: current earnings per =
share (the=20
same quarter a year ago)>=3D70%, annual earnings per share =
over the=20
past 5 years, >=3D 24% compounded, shares =
outstanding<25,000,000,=20
relative strength> 80%.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
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: 1in"><FONT =
face=3DTahoma=20
size=3D2><SPAN=20
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=20
</SPAN></B>DMC197807<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
</SPAN></FONT><st1:date=20
Year=3D"2003" Day=3D"6" Month=3D"8"><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
Minute=3D"23" Hour=3D"11"><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><o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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: 1in"><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: 1in"><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=20
can put in a link here?</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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=20
only filter out the very top stocks, but that's just me. =
I don't=20
know what your S is. For relative strength I use the top =
40% of=20
the market, that is, stocks outperforming=20
60%.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">I'm willing=20
to 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: 1in"><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: 1in"><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: 1in"><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: 1in"><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: 1in"><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: 1in"><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: 1in"><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: 1in"><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 Year=3D"2003" Day=3D"6" =
Month=3D"8"><FONT=20
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Wednesday, =
August 06,=20
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
Minute=3D"2" Hour=3D"9"><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 =
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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: 1in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">After=20
reading O’Neil’s 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></BLOCKQUOTE></BLOCKQUOT=
E></BLOCKQUOTE></BLOCKQUOTE></DIV></BLOCKQUOTE></BODY></HTML>
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