Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] filter
Date: Thu, 7 Aug 2003 07:12:49 -0500
Previous Article (by Date): Re: [CANSLIM] filter "Mark Crisp"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_000F_01C35CB3.4F2E4680
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 8bit
Hi Mark,
I believe most of members of the list have read Darvas' book, as we have had
previous discussions about it here over the years. I also don't think that even
O'Neil would suggest that he'd "invented" the concepts behind CANSLIM, but
instead put together a specific set of rules based on sound investing
principles, gave it a acronym, and then helped people learn and implement it via
the IBD and other products such as DGO, WONDA, etc. I don't think Jesse
Livermore would agree that Darvas had "created" CANSLIM either.
"Everything has been thought of before. The difficulty is to think of it
again."--Goethe
"Originality is nothing more than judicious imitation." --Voltaire
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Mark Crisp
Sent: Thursday, August 07, 2003 4:31 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
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 -----
From: Katherine Malm
To: canslim@lists.xmission.com
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>=70, this is referring to an EPS
ranking >=70, not to eps QoQ growth rate >= 70% per quarter.
Second, if you use a volume filter of 150% average volume, you will only be
finding stocks that have had a huge volume move on the prior day. While a stock
is building a base, you generally want to see increasing volume on the right
hand side of the base, but limiting your filter as you have is too restrictive.
More likely, you'll find stocks that broke out on the prior day. Too late.
Next, the RS filter you are using is not the same as IBD's RS rank. The one
you have included is a *flat* 6 month RS, not the 12 month *weighted* RS that
WON uses.
Finally, the insitutional ownership listed in MSN is a percentage of the
*outstanding* shares. WON uses a percentage that is the percentage of shares in
*float*. In either case, WON does not give an absolute as to "how much"
insitutional ownership is required, only that you want the stock to be owned by
"at least a few" institutions.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Wednesday, August 06, 2003 3:41 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] filter
Ok, for the sake of organization here is a link to my filter:
http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1QF153Z04
L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116MZF116Z00F102Z04L
10Z&Name=o%27neal&Tickers=25
As I mentioned earlier I am using the EXACT recommendations from O’Neil’s
book but I am getting NO query results. Why is this? Are WON’s standards too
high? What fundamentals should I be using? I assume we all can agree on the
CANSLIM methods but I guess there is disagreement in the specific numbers to be
used.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Wednesday, August 06, 2003 2:46 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] filter
Hi Gene,
Please see my follow up clarification post on the comment on "the prior 52
weeks."
I did not state nor intend to imply that MSN screeners weren't effective,
but that they would not produce the same results as those you would get when
using DGO/IBD RSRanks. It's worth noting for those that are unaware that the RS
values at free screening sites such as MSN are *not* the same as those from
IBD/DGO. The same is true of industry ranks, etc., as the methdologies are quite
different.
It does leave a particular question, however, as to why you would find it
necessary to use free MSN screeners when you use several different subscription
services (HGSI and Vectorvest) and also use Metastock for screening (though I
realize you probably use the QP2 data from the HGSI feed). HGSI, in particular,
closely mirrors the IBD/DGO RSranks and includes EPS ranks as well. They also
have a particularly comprehensive set of tools for performing analysis of a
stock's technicals and fundamentals. Why use so many different tools?
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
Sent: Wednesday, August 06, 2003 2:31 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
Hi Katherine, I'm pretty sure that the RS ranks are not based over the
prior 52 weeks.
And, I have found the MSN screener to be very effective.
Gene
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Wednesday, August 06, 2003 2:21 PM
Subject: RE: [CANSLIM] filter
Hi Jeff,
I might add a note of caution on using the MSN screener. That is,
their RS ranks are based on a flat change in price over the prior 52 weeks. This
is significantly different than IBD's RS ranks, which are weighted so that the
price action in the most recent quarter carries more weight (40%), while
previous quarter's each carry 20% weight. The other difference in RS ranks is
that the database over which they are determined is very different. RS ranks for
the IBD are based on a universe of stocks which includes *only* common stocks on
the major US (NASDAQ, NYSE, AMEX) and Canadian exchanges, plus closed end bond
and equity funds. From what I remember, MSN RS ranks are calculated across all
equities in the US markets, including warrants and preferreds. While the RS
ranks at MSN are indeed useful, you would not be emulating the IBD rankings for
purposes of filtering your stocks.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807
Sent: Wednesday, August 06, 2003 2:08 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
Jeff,
If you're using a free scanner, why don't you use the one Gene
posted a couple of days ago (I'll repost his post) and play with the criteria
there. If I adjust relative strength to 80 or above it spits out 15 names.
As for CANSLIM criteria, after M one supposes they are all
important, and my descending order is no better (could be a lot worse) than
anyone else's. However, you are asking a question that I answered 2 days ago,
at least from my perspective. This is from my note on 8/4 to Yien:
<<Good, that's a bunch of information that you can't use. Now, for
some you
can. There are only 3 numbers which matter, when all the dust is
settled.
They are NOT p/e, d/e, current ratio, PEG, profit margin or
inventory
turnover.
THEY ARE: Price paid for shares, Price received for shares, Time
held.
Now, MILSCAN (Canslim to some of you) is a very interesting
approach, and
can possibly, with strong position and money management systems,
help you to
buy low and sell high in a timely timeframe.
Here's how I think of these factors, in descending order of
importance:
<<M is for the market and the market trend. We are at an inflection
point
here, so it's lookout below, or perhaps lookout above.
N is for new highs in the stock, breaking out above the pivot point
L is for an relative strength rating of 70 or better
A is for annual earnings growth (this is for additional comfort)
C is for current quarterly earnings (this is for additional comfort)
I is for institutional sponsorship (this is a timing issue--I think
I trust
the chart over this, for some reason)
S is for supply of stock (looking for a relatively low no. of
shares--here I
want to exclude the over-issued monsters like CSCO and INTC where it
will
take a ton of momentum to move the billions of shares outstanding).
In closing, using TA and FA together is a good idea, but when in
conflict,
trust the TA. Remember, out of 7000 stocks we are looking for 1 or
2 names
a week on which to carefully place our hopes. >>
DMC
----- Original Message -----
From: Jeff Henderson
To: canslim@lists.xmission.com
Sent: Wednesday, August 06, 2003 11:40 AM
Subject: RE: [CANSLIM] filter
Sorry about the misunderstanding I was using the CANSLIM acronym.
I’ll explain my filter again. First off I use MSN as my filter source. Here is
my filter that I use: current earnings per share (the same quarter a year
ago)>=70%, annual earnings per share over the past 5 years, >= 24% compounded,
shares outstanding<25,000,000, relative strength> 80%.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: Wednesday, August 06, 2003 11:23 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
Jeff,
I don't understand which filter/scan you are using, or what all
your variables mean. If you're using a public scan or stockcharts, maybe you
can put in a link here?
If C = capitalization and you are using only the top 30% of stocks
you've filtered out way too many stocks already. In capitalization I only
filter out the very top stocks, but that's just me. I don't know what your S
is. For relative strength I use the top 40% of the market, that is, stocks
outperforming 60%.
I'm willing to let some other names in because after this scan
gives me names, I'm happy to look through charts to find appropriate patterns.
DMC
----- Original Message -----
From: Jeff Henderson
To: Canslim
Sent: Wednesday, August 06, 2003 9:02 AM
Subject: [CANSLIM] filter
After reading O’Neil’s book I decided to use the filter C>=70,
A>=5, S<25,000,000, relative strength>80 and last volume 1.5 average quarterly
volume. To my dismay, no stocks popped up. How would you alter this filter?
- ------=_NextPart_000_000F_01C35CB3.4F2E4680
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@01C35C31.30703A00" =
rel=3DFile-List><o:SmartTagType=20
name=3D"time"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><o:SmartTagType=20
name=3D"date"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><!--[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><SPAN class=3D618290112-07082003>Hi Mark,</SPAN></DIV>
<DIV><SPAN class=3D618290112-07082003></SPAN> </DIV>
<DIV><SPAN class=3D618290112-07082003>I believe most of members of the =
list have=20
read Darvas' book, as we have had previous discussions about it here =
over the=20
years. I also don't think that even O'Neil would suggest that he'd =
"invented"=20
the concepts behind CANSLIM, but instead put together a specific set of =
rules=20
based on sound investing principles, gave it a acronym, and then helped =
people=20
learn and implement it via the IBD and other products such as DGO, =
WONDA, etc. I=20
don't think Jesse Livermore would agree that Darvas had "created" =
CANSLIM=20
either.</SPAN></DIV>
<DIV><SPAN class=3D618290112-07082003></SPAN> </DIV>
<DIV><SPAN class=3D618290112-07082003>"Everything has been thought of =
before. The=20
difficulty is to think of it again."--Goethe</SPAN></DIV>
<DIV><SPAN class=3D618290112-07082003>"Originality is nothing more than =
judicious=20
imitation." --Voltaire</SPAN></DIV>
<DIV><SPAN class=3D618290112-07082003></SPAN> </DIV>
<DIV><SPAN class=3D618290112-07082003>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>Mark=20
Crisp<BR><B>Sent:</B> Thursday, August 07, 2003 4:31 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
filter<BR><BR></FONT></DIV>
<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=20
VERY successful CANSLIM trader was a guy called Nicolas Darvas "How I =
Made $2=20
Million in the Stock Market." (by the way you MUST read this=20
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>=
=20
</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=20
calculation, then ranks all stocks one against the other from 1 to =
99. If=20
the IBD suggests EPS>=3D70, this is referring to an EPS ranking =
>=3D70,=20
not to 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=20
150% average volume, you will only be finding stocks that have had a =
huge=20
volume move on the prior day. While a stock is building a base, you=20
generally want to see increasing volume on the right hand side of =
the base,=20
but limiting your filter as you have is too restrictive. More =
likely, you'll=20
find stocks that 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=20
listed in MSN is a percentage of the *outstanding* shares. WON uses =
a=20
percentage that is the percentage of shares in *float*. In either =
case, WON=20
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"=20
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=20
of organization here is a link to my filter: </SPAN></FONT><FONT=20
face=3DArial 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=20
query results. <SPAN style=3D"mso-spacerun: yes"> </SPAN>Why =
is=20
this?<SPAN style=3D"mso-spacerun: yes"> </SPAN>Are <SPAN=20
class=3DSpellE>WON=92s</SPAN> standards too high?<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>What fundamentals should =
I be=20
using?<SPAN style=3D"mso-spacerun: yes"> </SPAN>I assume we =
all can=20
agree on the CANSLIM methods but I guess there is disagreement in =
the=20
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=20
size=3D2><SPAN 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 Year=3D"2003" Day=3D"6" Month=3D"8"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Wednesday,=20
August 06, 2003</SPAN></FONT></st1:date><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Minute=3D"46" Hour=3D"14"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">2:46=20
PM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> RE: [CANSLIM]=20
filter</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DTahoma=20
size=3D2><SPAN 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=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Please see my=20
follow up clarification post on the comment on "the prior 52=20
weeks."</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=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=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">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=20
DGO/IBD RSRanks. It's worth noting for those that are unaware that =
the RS=20
values at free screening sites such as MSN are *not* the same as =
those=20
from IBD/DGO. The same is true of industry ranks, etc., as the=20
methdologies are quite =
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=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">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=20
realize you probably use the QP2 data from the HGSI feed). HGSI, =
in=20
particular, closely mirrors the IBD/DGO RSranks and includes EPS =
ranks as=20
well. They also have a particularly comprehensive set of tools for =
performing analysis of a stock's technicals and fundamentals. Why =
use so=20
many different tools? </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=20
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 =
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=20
prior 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,=20
I 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=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=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">-----=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=3Dkmalm@earthlink.net=20
href=3D"mailto:kmalm@earthlink.net">Katherine Malm</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">=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 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">=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>
<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=20
add a note of caution on using the MSN screener. That is, =
their RS=20
ranks are based on a flat change in price over the prior 52 =
weeks.=20
This is significantly different than IBD's RS ranks, which are =
weighted so that the price action in the most recent quarter =
carries=20
more weight (40%), while previous quarter's each carry 20% =
weight. The=20
other difference in RS ranks is that the database over which =
they are=20
determined is very different. RS ranks for the IBD are based =
on a=20
universe of stocks which includes *only* common stocks on the =
major US=20
(NASDAQ, NYSE, AMEX) and Canadian exchanges, plus =
closed end=20
bond and equity funds. From what I remember, MSN RS ranks are=20
calculated across all equities in the US markets, including =
warrants=20
and preferreds. While the RS ranks at MSN are indeed useful, =
you would=20
not be emulating the IBD rankings for purposes of filtering =
your=20
stocks.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=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 =
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,=20
2003 2:08 PM<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: =
[CANSLIM]=20
filter</SPAN></FONT><o:p></o:p></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Jeff,</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">If you're=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=20
out 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=20
my 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=20
on 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=20
are 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=20
to some of you) is a very interesting approach, and<BR>can =
possibly,=20
with strong position and money management systems, help you=20
to<BR>buy low and sell high in a timely =
timeframe.<BR><BR>Here's how=20
I think of these factors, in descending order of=20
importance:<BR><BR><<M is for the market and the =
market=20
trend. We are at an inflection point<BR>here, so it's =
lookout=20
below, or perhaps lookout above.<BR><BR>N is for new highs =
in the=20
stock, breaking out above the pivot point<BR><BR>L is for an =
relative strength rating of 70 or better<BR><BR>A is for =
annual=20
earnings growth (this is for additional comfort)<BR><BR>C is =
for=20
current quarterly earnings (this is for additional =
comfort)<BR><BR>I=20
is for institutional sponsorship (this is a timing =
issue--I=20
think I trust<BR>the chart over this, for some =
reason)<BR><BR>S is=20
for supply of stock (looking for a relatively low no. of=20
shares--here I<BR>want to exclude the over-issued monsters =
like CSCO=20
and INTC where it will<BR>take a ton of momentum to move the =
billions of shares outstanding).<BR><BR>In closing, using TA =
and FA=20
together is a good idea, but when in conflict,<BR>trust the=20
TA. Remember, out of 7000 stocks we are looking for 1 =
or 2=20
names<BR>a week 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 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@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=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> Wednesday, =
August 06,=20
2003 11:40 AM<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> RE: =
[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
color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Sorry=20
about 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=20
use MSN as my filter source.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>Here is my filter that I use: current earnings per =
share=20
(the same quarter a year ago)>=3D70%, annual earnings =
per share=20
over the 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=20
Message-----<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com] <B><SPAN=20
style=3D"FONT-WEIGHT: bold">On Behalf Of=20
</SPAN></B>DMC197807<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
</SPAN></FONT><st1:date=20
Year=3D"2003" Day=3D"6" Month=3D"8"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Wednesday, =
August 06,=20
2003</SPAN></FONT></st1:date><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">=20
</SPAN></FONT><st1:time Minute=3D"23" Hour=3D"11"><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=20
variables mean. If you're using a public scan or=20
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: 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=20
I 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=20
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: 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=20
willing to let some other names in because after this scan =
gives=20
me names, 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 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 Year=3D"2003" Day=3D"6" =
Month=3D"8"><FONT=20
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Wednesday, =
August=20
06, 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 Minute=3D"2" Hour=3D"9"><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] =
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=20
volume 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=20
would you alter this=20
=
filter?<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOT=
E></BLOCKQUOTE></BLOCKQUOTE></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE>=
</BODY></HTML>
- ------=_NextPart_000_000F_01C35CB3.4F2E4680--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): Re: [CANSLIM] filter "Mark Crisp"
Articles sorted by: [Date]
[Author]
[Subject]