Go to Jeff Salisbury LWGate Home Page.From: "Mark Crisp" <stressfreetrader@btopenworld.com>
Subject: Re: [CANSLIM] filter
Date: Thu, 7 Aug 2003 10:30:54 +0100
Next Article (by Subject): RE: [CANSLIM] stock software Marc Deiter
Previous Article (by Subject): RE: [CANSLIM] filter "Jeff Henderson"
Top of Thread: Re: [CANSLIM] filter "Gene Ricci"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0094_01C35CCE.FB513F10
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Guys... I am going to start a "nasty" discussion here that is sure to =
raise a few eye brows.
We are all told William O'Neil was the C.A.N.S.L.I.M. inventor... =
whilst he perfected in my opinion the first and VERY successful CANSLIM =
trader was a guy called Nicolas Darvas "How I Made $2 Million in the =
Stock Market." (by the way you MUST read this book)
Without knowing it or putting it into an acronym Darvas created the =
C.A.N.S.L.I.M trading system. My bet is O'Neal read this book and =
studied his method. Possibly expanded upon. But Darvas was the creator.
Mark Crisp
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 10:09 PM
Subject: RE: [CANSLIM] filter
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>=3D70, this is referring to an EPS ranking >=3D70, not to eps QoQ =
growth rate >=3D 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.=20
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=3DSV=
1QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116M=
ZF116Z00F102Z04L10Z&Name=3Do%27neal&Tickers=3D25
=20
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.
=20
-----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
=20
Hi Gene,
=20
Please see my follow up clarification post on the comment on "the =
prior 52 weeks."
=20
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.
=20
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?=20
=20
Katherine
=20
=20
-----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.=20
=20
Gene
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 2:21 PM
Subject: RE: [CANSLIM] filter
=20
Hi Jeff,
=20
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.
=20
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,
=20
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.
=20
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:
=20
=20
<<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. >>
=20
DMC
----- Original Message -----=20
From: Jeff Henderson=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 11:40 AM
Subject: RE: [CANSLIM] filter
=20
Sorry about the misunderstanding I was using the CANSLIM =
acronym. I'll explain my filter again. First off I use MSN as my =
filter source. Here is my filter that I use: current earnings per share =
(the same quarter a year ago)>=3D70%, annual earnings per share over the =
past 5 years, >=3D 24% compounded, shares outstanding<25,000,000, =
relative strength> 80%.
=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: Wednesday, August 06, 2003 11:23 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
=20
Jeff,
=20
I don't understand which filter/scan you are using, or what =
all your variables mean. If you're using a public scan or stockcharts, =
maybe you can put in a link here?
=20
If C =3D capitalization and you are using only the top 30% =
of stocks you've filtered out way too many stocks already. In =
capitalization I only filter out the very top stocks, but that's just =
me. I don't know what your S is. For relative strength I use the top =
40% of the market, that is, stocks outperforming 60%.
=20
I'm willing to let some other names in because after this =
scan gives me names, I'm happy to look through charts to find =
appropriate patterns.
=20
DMC
=20
=20
----- Original Message -----=20
From: Jeff Henderson=20
To: Canslim=20
Sent: Wednesday, August 06, 2003 9:02 AM
Subject: [CANSLIM] filter
=20
After reading O'Neil's book I decided to use the filter =
C>=3D70, A>=3D5, S<25,000,000, relative strength>80 and last volume 1.5 =
average quarterly volume. To my dismay, no stocks popped up. How would =
you alter this filter?
- ------=_NextPart_000_0094_01C35CCE.FB513F10
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 6.00.2800.1106" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C35C31.30703A00" =
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;
}
@font-face {
font-family: Comic Sans MS;
}
@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; =
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.EmailStyle19 {
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
}
SPAN.SpellE {
mso-style-name: ""; mso-spl-e: yes
}
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><FONT face=3DArial size=3D2>Guys... I am going to start a "nasty" =
discussion=20
here that is sure to raise a few eye brows.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> We are all told William O'Neil =
was the=20
C.A.N.S.L.I.M. inventor... whilst he perfected in my opinion the first =
and VERY=20
successful CANSLIM trader was a guy called Nicolas Darvas "How I Made $2 =
Million=20
in the Stock Market." (by the way you MUST read this book)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Without knowing it or putting it =
into an=20
acronym Darvas created the C.A.N.S.L.I.M trading system. My bet is =
O'Neal read=20
this book and studied his method. Possibly expanded upon. But Darvas was =
the=20
creator.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Mark Crisp</FONT></DIV>
<DIV> </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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 10:09=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<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=20
high. I think you might be mixing up QoQ growth rate with the EPS =
*ranking*=20
that the IBD provides. The EPS ranking provided by IBD is a =
proprietary=20
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=20
IBD suggests EPS>=3D70, this is referring to an EPS ranking =
>=3D70, not to=20
eps QoQ growth rate >=3D 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=20
move on the prior day. While a stock is building a base, you generally =
want to=20
see increasing volume on the right hand side of the base, but limiting =
your=20
filter as you have is too restrictive. More likely, you'll find stocks =
that=20
broke out 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=20
the same as IBD's RS rank. The one you have included is a *flat* 6 =
month RS,=20
not the 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=20
want 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=20
using the EXACT recommendations from O=92Neil=92s 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=92s</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"> =20
</SPAN>I 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=20
Malm<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"6" Year=3D"2003"><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
Hour=3D"14" Minute=3D"46"><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=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=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Please see my follow =
up=20
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=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=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=20
worth noting for those that are unaware that the RS values at free =
screening=20
sites such as MSN are *not* the same as those from IBD/DGO. The same =
is true=20
of 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=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=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=20
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=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=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=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"> <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=20
style=3D"FONT-WEIGHT: bold">On 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=20
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=20
52 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=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">Hi=20
Jeff,<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">I might add=20
a note of caution on using the MSN screener. That is, their RS =
ranks are=20
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=20
the price action in the most recent quarter carries more weight =
(40%),=20
while previous quarter's each carry 20% weight. The other =
difference in=20
RS ranks is that the database over which they are determined is =
very=20
different. RS ranks for the IBD are based on a universe of =
stocks which=20
includes *only* common stocks on the major US (NASDAQ,=20
NYSE, AMEX) and Canadian exchanges, plus closed end =
bond and=20
equity funds. From what I remember, MSN RS ranks are calculated =
across=20
all equities in the US markets, including warrants and =
preferreds. While=20
the RS ranks at MSN are indeed useful, you would not be =
emulating the=20
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=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">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=20
</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> =
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=20
using a free scanner, why don't you use the one Gene posted a =
couple=20
of days ago (I'll repost his post) and play with the criteria=20
there. If I adjust relative strength to 80 or above it =
spits out=20
15 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=20
CANSLIM criteria, after M one supposes they are all important, =
and my=20
descending order is no better (could be a lot worse) than =
anyone=20
else's. However, you are asking a question that I =
answered 2=20
days ago, at least from my perspective. This is from my =
note on=20
8/4 to 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=20
that you can't use. Now, for some you<BR>can. =
There are=20
only 3 numbers which matter, when all the dust is =
settled.<BR>They are=20
NOT p/e, 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=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=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=20
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=92ll 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=20
outstanding<25,000,000, relative strength>=20
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 =
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><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 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: 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=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: 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,=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: 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=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: 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=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: 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=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: 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=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: 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=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></BLOCKQUOTE></BLOCKQUOT=
E></BLOCKQUOTE></BLOCKQUOTE></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML=
>
- ------=_NextPart_000_0094_01C35CCE.FB513F10--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): RE: [CANSLIM] stock software Marc Deiter
Previous Article (by Subject): RE: [CANSLIM] filter "Jeff Henderson"
Top of Thread: Re: [CANSLIM] filter "Gene Ricci"
Articles sorted by: [Date]
[Author]
[Subject]