Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] filter
Date: Wed, 6 Aug 2003 16:46:31 -0500
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_00B7_01C35C3A.49F509C0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 8bit
Hi Gene,
Well, that makes a lot more sense now, as I didn't realize that you were no
longer an HGSI subscriber. I can see why you'd need to use the MSN screener if
Vectorvest is the only tool you are using, because VV contains neither RS ranks,
RS lines, nor raw fundamental data such as ROE, QoQ EPS and sales growth rates,
YoY EPS and sales growth rates, etc.
Glad to see you've finally simplified and found some focus. It saves not only
money, but time.
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 3:42 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
Hi Katherine,
Good set of questions... luckily I asked myself those same questions
when VectorVest released their new software last November... here's part of a
message that I sent just yesterday... highlighting the need to focus.
"Here's a good case for focusing on software. Fred determined what he
needed to match his investment needs.... he learned to focus.... At one time I
also had DGO, IBD, WizeTrade and HGSI/QP2 along with VectorVest. Luckily I also
learned to focus and decided to 'really learn' VectorVest versus jumping from
one software package to another. Now I'm down to 'only' VV and the free tools at
Schwab; Microsoft and WallStreetCity... sure is cheaper !!!"
I spent countless hours trying to rationalize the differences between
various data sources and IBD's numbers. Came to learn and understand that it
just didn't matter - if they were different - as long as I was consistent and
used the same database for my analysis. Found that everyone's numbers are
different.... took me a while to grasp the fact that I was preparing a watchlist
and not a buy list.
As far as using free stuff, why not? I just wish that I had started
with the free stuff and really understood what they had to offer rather than
chasing the idea of finding the holy grail with software.
Just sold (11.57 am) my MetaStock software because of the new features
in VectorVest's ProTrader module (charting program) and the abundance of
material at stockcharts.com.
Gene
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Wednesday, August 06, 2003 2:45 PM
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?
- ------=_NextPart_000_00B7_01C35C3A.49F509C0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:v =3D=20
"urn:schemas-microsoft-com:vml" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20
"urn:schemas-microsoft-com:office:smarttags"><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C35C1F.D6A03130" =
rel=3DFile-List><o:SmartTagType=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"time"></o:SmartTagType><o:SmartTagType=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"date"></o:SmartTagType><!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
</w:Compatibility>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]--><!--[if !mso]>
<STYLE>st1\:* {
BEHAVIOR: url(#default#ieooui)
}
</STYLE>
<![endif]-->
<STYLE>@font-face {
font-family: Tahoma;
}
@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in 1.25in; =
mso-header-margin: .5in; mso-footer-margin: .5in; mso-paper-source: 0; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
A:visited {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlinkFollowed {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.EmailStyle17 {
COLOR: windowtext; FONT-FAMILY: Arial; mso-style-type: personal; =
mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; mso-bidi-font-size: =
10.0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial; =
mso-bidi-font-family: Arial
}
SPAN.EmailStyle18 {
COLOR: navy; FONT-FAMILY: Arial; mso-style-type: personal-reply; =
mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; mso-bidi-font-size: =
10.0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial; =
mso-bidi-font-family: Arial
}
DIV.Section1 {
page: Section1
}
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext=3D"edit" spidmax=3D"1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext=3D"edit">
<o:idmap v:ext=3D"edit" data=3D"1" />
</o:shapelayout></xml><![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dpurple =
link=3Dblue=20
bgColor=3Dwhite>
<DIV><SPAN class=3D417434121-06082003>Hi Gene,</SPAN></DIV>
<DIV><SPAN class=3D417434121-06082003></SPAN> </DIV>
<DIV><SPAN class=3D417434121-06082003>Well, that makes a lot more sense =
now, as I=20
didn't realize that you were no longer an HGSI subscriber. I can see why =
you'd=20
need to use the MSN screener if Vectorvest is the only tool you are =
using,=20
because VV contains neither RS ranks, RS lines, nor raw =
fundamental data=20
such as ROE, QoQ EPS and sales growth rates, YoY EPS and sales growth =
rates,=20
etc. </SPAN></DIV>
<DIV><SPAN class=3D417434121-06082003></SPAN> </DIV>
<DIV><SPAN class=3D417434121-06082003>Glad to see you've finally =
simplified and=20
found some focus. It saves not only money, but time.</SPAN></DIV>
<DIV><SPAN class=3D417434121-06082003></SPAN> </DIV>
<DIV><SPAN class=3D417434121-06082003>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>Gene=20
Ricci<BR><B>Sent:</B> Wednesday, August 06, 2003 3:42 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
filter<BR><BR></FONT></DIV>
<DIV>
<TABLE cellSpacing=3D0 cellPadding=3D0 width=3D"100%" border=3D0>
<TBODY>
<TR vAlign=3Dtop>
<TD vAlign=3Dtop width=3D"100%">
<DIV><FONT face=3D"Comic Sans MS" size=3D+0>Hi =
Katherine,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D+0></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D+0>Good set of =
questions... luckily=20
I asked myself those same questions when VectorVest =
released their=20
new software last November... here's part of a =
message that I=20
sent just yesterday... highlighting the need to focus. =
</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">
<DIV><FONT face=3D"Comic Sans MS" size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff=20
size=3D3><EM><STRONG>"Here's a good case for focusing on =
software. Fred=20
determined what he needed to match his investment needs.... he =
learned=20
to focus.... At one time I also had DGO, IBD, WizeTrade and =
HGSI/QP2=20
along with VectorVest. Luckily I also learned to focus and=20
decided to 'really learn' VectorVest versus jumping from =
one=20
software package to another. Now I'm down to 'only' VV and the =
free=20
tools at Schwab; Microsoft and WallStreetCity... sure is cheaper =
!!!"</STRONG></EM></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" color=3D#000000 =
size=3D3></FONT> </DIV>
<DIV></FONT><FONT face=3D"Comic Sans MS" size=3D+0>I spent =
countless hours=20
trying to rationalize the differences between various data =
sources and=20
IBD's numbers. Came to learn and understand that it =
just didn't=20
matter - if they were different - as long as I was consistent =
and used=20
the same database for my analysis. Found that everyone's =
numbers=20
are different.... took me a while to grasp the fact that I was =
preparing=20
a watchlist and not a buy list.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV></DIV>
<DIV><FONT face=3D"Comic Sans MS">As far as using free stuff, =
why=20
not? I just wish that I had started with the free stuff =
and really=20
understood what they had to offer rather than chasing the idea =
of=20
finding the holy grail with software.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Just sold (11.57 am) my =
MetaStock=20
software because of the new features in VectorVest's ProTrader =
module=20
(charting program) and the abundance of material at=20
stockcharts.com</FONT><FONT face=3D"Comic Sans MS">. =
</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT size=3D+0><B></B></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV></TD></TR>
<TR vAlign=3Dtop align=3Dleft>
<TD vAlign=3Dtop align=3Dleft width=3D"100%">
<TABLE cellPadding=3D10 align=3Dright>
<TBODY>
<TR>
<TD><FONT face=3D"Comic Sans =
MS"></FONT></TD></TR></TBODY></TABLE>
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<DIV><FONT face=3D"Comic Sans MS" color=3D#000000=20
size=3D3></FONT> </DIV></TD></TR></TBODY></TABLE></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 2:45=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<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=20
nor intend to imply that MSN screeners weren't effective, but that =
they=20
would not produce the same results as those you would get when using =
DGO/IBD=20
RSRanks. It's worth noting for those that are unaware that the RS =
values at=20
free screening sites such as MSN are *not* the same as those from =
IBD/DGO.=20
The same is true of 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=20
free MSN screeners when you use several different subscription =
services=20
(HGSI and Vectorvest) and also use Metastock for screening (though I =
realize=20
you probably use the QP2 data from the HGSI feed). HGSI, in =
particular,=20
closely mirrors the IBD/DGO RSranks and includes EPS ranks as well. =
They=20
also have a particularly comprehensive set of tools for performing =
analysis=20
of a stock's technicals and fundamentals. Why use so many different =
tools?=20
</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=20
Message-----<BR><B>From:</B> owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Gene=20
Ricci<BR><B>Sent:</B> Wednesday, August 06, 2003 2:31 =
PM<BR><B>To:</B>=20
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=20
very 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=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
2:21 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=20
using the MSN screener. That is, their RS ranks are based on a =
flat=20
change in price over the prior 52 weeks. This is significantly =
different=20
than IBD's RS ranks, which are weighted so that the price action =
in the=20
most recent quarter carries more weight (40%), while previous =
quarter's=20
each carry 20% weight. The other difference in RS ranks is that =
the=20
database over which they are determined is very different. RS =
ranks for=20
the IBD are based on a universe of stocks which includes *only* =
common=20
stocks on the major US (NASDAQ, NYSE, AMEX) and =
Canadian=20
exchanges, plus closed end bond and equity funds. From what I =
remember,=20
MSN RS ranks are calculated across all equities in the US =
markets,=20
including warrants and preferreds. While the RS ranks at MSN are =
indeed=20
useful, you would not be emulating the IBD rankings for purposes =
of=20
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:=20
[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=20
you use the one Gene posted a couple of days ago (I'll repost =
his=20
post) and play with the criteria there. If I adjust =
relative=20
strength to 80 or 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=20
supposes they are all important, and my descending order is no =
better=20
(could be a lot worse) than anyone else's. However, you =
are=20
asking a question that I answered 2 days ago, at least from my =
perspective. This is 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=20
use. Now, for some you<BR>can. There are only 3 =
numbers=20
which matter, when all the dust is settled.<BR>They are NOT =
p/e, d/e,=20
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=20
and sell high in a timely timeframe.<BR><BR>Here's how I think =
of=20
these factors, in descending order of =
importance:<BR><BR><<M is=20
for the market and the market trend. We are at an =
inflection=20
point<BR>here, so it's lookout below, or perhaps lookout=20
above.<BR><BR>N is for new highs in the stock, breaking out =
above the=20
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 =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 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,=20
2003 11:40 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: =
[CANSLIM]=20
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=20
the 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=20
MSN as my filter source. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Here is my filter =
that I use:=20
current earnings per share (the same quarter a year =
ago)>=3D70%,=20
annual earnings per share over the past 5 years, >=3D 24% =
compounded, shares outstanding<25,000,000, relative =
strength>=20
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=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original =
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
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">=20
</SPAN></FONT><st1:time Hour=3D"11" Minute=3D"23"><FONT =
face=3DTahoma=20
size=3D2><SPAN 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 mean. If you're using a public scan or =
stockcharts,=20
maybe you can 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=20
only filter out the very top stocks, but that's just =
me. I=20
don't know what your S is. For relative strength I use =
the top=20
40% of the 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=20
to let some other names in because after this scan gives me =
names,=20
I'm 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 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=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <A=20
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=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <A=20
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=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"6" =
Year=3D"2003"><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">=20
</SPAN></FONT><st1:time Hour=3D"9" Minute=3D"2"><FONT =
face=3DArial=20
size=3D2><SPAN 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=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> [CANSLIM]=20
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=20
reading O=92Neil=92s book I decided to use the filter =
C>=3D70,=20
A>=3D5, S<25,000,000, relative strength>80 and =
last volume=20
1.5 average quarterly volume.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>To my dismay, no =
stocks=20
popped up.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>How would=20
you alter this=20
=
filter?<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></DIV></BLOCKQUOTE></BLO=
CKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML=
>
- ------=_NextPart_000_00B7_01C35C3A.49F509C0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Articles sorted by: [Date]
[Author]
[Subject]