Re: [CANSLIM] filter


From: "Mark Crisp" <stressfreetrader@btopenworld.com>
Subject: Re: [CANSLIM] filter
Date: Thu, 7 Aug 2003 10:45:55 +0100

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Look,

 I think many of you are making CANSLIM much more complicated that it =
really is.

  This is how I have been trading very successfully for a number of =
years.

 RS 80+
 E.P.S. 70+ (annual)
1 Year high (5 y/h preferred)
 Price >$10 <$50
Volume% inc: >250%   (this tells me an institution has bought)
Average volume: >250,000 per day (not interested in illiquid stocks)
Cap: <2.0bn   (small cap stocks)

  Viola... I usually get one or two stocks per week that I then chart =
and concentrate on "trading"

   At the end of the day it is about position sizing, money management =
and having the correct trading psychology.

  READ Darvases book. you'll get the picture.

  Mark
  ----- Original Message -----=20
  From: DMC197807=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, August 06, 2003 8:08 PM
  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 -----=20
    From: Jeff Henderson=20
    To: canslim@lists.xmission.com=20
    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)>=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?

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<DIV><FONT face=3DArial size=3D2>Look,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;I think many of you are making =
CANSLIM much=20
more complicated that it really is.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp; This is how I have been trading =
very=20
successfully for a number of years.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;RS 80+</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;E.P.S. 70+ (annual)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>1 Year high (5 y/h =
preferred)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;Price &gt;$10 =
&lt;$50</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Volume% inc: &gt;250%&nbsp;&nbsp; (this =
tells me an=20
institution has bought)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Average volume: &gt;250,000 per day =
(not interested=20
in illiquid stocks)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Cap: &lt;2.0bn&nbsp;&nbsp; (small cap=20
stocks)</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp; Viola... I usually get one or =
two stocks per=20
week that I then chart and concentrate on "trading"</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;&nbsp; At the end of the day it =
is about=20
position sizing, money management and having the correct trading=20
psychology.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp; READ Darvases book. you'll get =
the=20
picture.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp; Mark</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=3Ddmc197807@comcast.net=20
  href=3D"mailto:dmc197807@comcast.net">DMC197807</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 8:08=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
filter</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Jeff,</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>If you're using a free scanner, why =
don't you use=20
  the one Gene posted a couple of days ago (I'll repost his post) and =
play with=20
  the criteria there.&nbsp; If I adjust relative strength to 80 or above =
it=20
  spits out 15 names.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>As for CANSLIM criteria, after M one =
supposes=20
  they are all important, and my descending order is no better (could be =
a lot=20
  worse) than anyone else's.&nbsp; However, you are asking a question =
that I=20
  answered 2 days ago, at least from my perspective.&nbsp; This is from =
my note=20
  on 8/4 to Yien:</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV>&lt;&lt;Good, that's a bunch of information that you can't =
use.&nbsp;=20
  Now, for some you<BR>can.&nbsp; There are only 3 numbers which matter, =
when=20
  all the dust is settled.<BR>They are NOT p/e, d/e, current ratio, PEG, =
profit=20
  margin or inventory<BR>turnover.<BR><BR>THEY ARE:&nbsp; Price paid for =
shares,=20
  Price received for shares, Time held.<BR><BR>Now, MILSCAN (Canslim to =
some of=20
  you) is a very interesting approach, and<BR>can possibly, with strong =
position=20
  and money management systems, help you to<BR>buy low and sell high in =
a timely=20
  timeframe.<BR><BR>Here's how I think of these factors, in descending =
order of=20
  importance:<BR><BR>&lt;&lt;M is for the market and the market =
trend.&nbsp; We=20
  are at an inflection 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 =
pivot=20
  point<BR><BR>L is for an relative strength rating of 70 or =
better<BR><BR>A is=20
  for annual earnings growth (this is for additional comfort)<BR><BR>C =
is for=20
  current quarterly earnings (this is for additional comfort)<BR><BR>I =
is for=20
  institutional sponsorship&nbsp; (this is a timing issue--I think I=20
  trust<BR>the chart over this, for some reason)<BR><BR>S is for supply =
of stock=20
  (looking for a relatively low no. of shares--here I<BR>want to exclude =
the=20
  over-issued monsters like CSCO and INTC where it will<BR>take a ton of =

  momentum to move the billions of shares outstanding).<BR><BR>In =
closing, using=20
  TA and FA together is a good idea, but when in conflict,<BR>trust the=20
  TA.&nbsp; Remember, out of 7000 stocks we are looking for 1 or 2 =
names<BR>a=20
  week on which to carefully place our hopes.&nbsp;&gt;&gt;</DIV>
  <DIV>&nbsp;</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 =
Henderson</A>=20
    </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 11:40=20
    AM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
    <DIV><BR></DIV>
    <DIV class=3DSection1>
    <P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Sorry =
about the=20
    misunderstanding I was using the CANSLIM acronym. <SPAN=20
    style=3D"mso-spacerun: yes">&nbsp;</SPAN>I=92ll explain my filter =
again.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>First off I use MSN as my =
filter=20
    source. <SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN>Here is my =
filter that=20
    I use: current earnings per share (the same quarter a year =
ago)&gt;=3D70%,=20
    annual earnings per share over the past 5 years, &gt;=3D 24% =
compounded,=20
    shares outstanding&lt;25,000,000, relative strength&gt;=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>&nbsp;</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=20
    </SPAN></B>DMC197807<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"11" Minute=3D"23"><FONT face=3DTahoma size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">11:23=20
    AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
    style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
    canslim@lists.xmission.com<BR><B><SPAN=20
    style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM]=20
    filter</SPAN></FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
    size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
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 =
face=3D"Times New Roman"=20
    size=3D3><SPAN=20
    style=3D"FONT-SIZE: 12pt">&nbsp;<o:p></o:p></SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I don't understand =
which=20
    filter/scan you are using, or what all your variables mean.&nbsp; If =
you're=20
    using a public scan or stockcharts, maybe you can put in a link=20
    here?</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">&nbsp;<o:p></o:p></SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">If C =3D =
capitalization and you=20
    are using only the top 30% of stocks you've filtered out way too =
many stocks=20
    already.&nbsp; In capitalization I only filter out the very top =
stocks, but=20
    that's just me.&nbsp; I don't know what your S is.&nbsp; For =
relative=20
    strength I use the top 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 =
face=3D"Times New Roman"=20
    size=3D3><SPAN=20
    style=3D"FONT-SIZE: 12pt">&nbsp;<o:p></o:p></SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I'm willing to let =
some other=20
    names in because after this scan gives me names, I'm happy to look =
through=20
    charts to find appropriate =
patterns.</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">&nbsp;<o:p></o:p></SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
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 =
face=3D"Times New Roman"=20
    size=3D3><SPAN=20
    style=3D"FONT-SIZE: 12pt">&nbsp;<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">&nbsp;<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">----- Original Message =
- -----=20
    <o:p></o:p></SPAN></FONT></P></DIV>
    <BLOCKQUOTE=20
    style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: 5pt 0in 5pt =
3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none">
      <DIV style=3D"font-color: black">
      <P class=3DMsoNormal=20
      style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
      title=3DJHend746@cox.net href=3D"mailto:JHend746@cox.net">Jeff =
Henderson</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">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</A>=20
      <o:p></o:p></SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">=20
      </SPAN></FONT><st1:date Month=3D"8" Day=3D"6" Year=3D"2003"><FONT =
face=3DArial=20
      size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Wednesday, August=20
      06, 2003</SPAN></FONT></st1:date><FONT face=3DArial size=3D2><SPAN =

      style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> =
</SPAN></FONT><st1:time=20
      Hour=3D"9" Minute=3D"2"><FONT face=3DArial size=3D2><SPAN=20
      style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">9:02=20
      AM</SPAN></FONT></st1:time><FONT face=3DArial size=3D2><SPAN=20
      style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">=20
      [CANSLIM] filter<o:p></o:p></SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
      size=3D3><SPAN=20
      style=3D"FONT-SIZE: =
12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P></DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
      size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">After =
reading=20
      O=92Neil=92s book I decided to use the filter C&gt;=3D70, =
A&gt;=3D5,=20
      S&lt;25,000,000, relative strength&gt;80 and last volume 1.5 =
average=20
      quarterly volume.<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>To my=20
      dismay, no stocks popped up.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
      </SPAN>How would you alter this=20
    =
filter?<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></DIV></BLOCKQUOTE></BLO=
CKQUOTE></BODY></HTML>

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