Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] filter
Date: Tue, 12 Aug 2003 11:02:59 -0500
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Do most of you look through IBD to pick out stocks? Do any of you use
MSN? If so, do you usually get the same 4-5 stocks a day? That's what
I get.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Mark Crisp
Sent: Thursday, August 07, 2003 4:46 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] filter
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 -----
From: DMC197807 <mailto:dmc197807@comcast.net>
To: canslim@lists.xmission.com
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 -----
From: Jeff Henderson <mailto:JHend746@cox.net>
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 <mailto:JHend746@cox.net>
To: Canslim <mailto:canslim@lists.xmission.com>
Sent: Wednesday, August 06, 2003 9:02 AM
Subject: [CANSLIM] filter
After reading O'Neil's book I decided to use the filter C>=70, A>=5,
S<25,000,000, relative strength>80 and last volume 1.5 average quarterly
volume. To my dismay, no stocks popped up. How would you alter this
filter?
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<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Do most of you look through IBD to =
pick
out stocks? <span style=3D'mso-spacerun:yes'> </span>Do any of you =
use MSN?<span
style=3D'mso-spacerun:yes'> </span>If so, do you usually get the =
same 4-5 stocks
a day?<span style=3D'mso-spacerun:yes'> </span>That’s what I =
get.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Mark Crisp<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"7" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Thursday, August 07, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"4" Minute=3D"46"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>4:46 AM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
filter</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Look,</span></font><o:p></o:=
p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> I think many of you =
are making
CANSLIM much more complicated that it really =
is.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> This is how I have =
been
trading very successfully for a number of =
years.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> RS =
80+</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> E.P.S. 70+ =
(annual)</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>1 Year high (5 y/h =
preferred)</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> Price >$10 =
<$50</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Volume% inc: =
>250%
(this tells me an institution has bought)</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Average volume: >250,000 =
per day
(not interested in illiquid stocks)</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Cap: <2.0bn =
(small
cap stocks)</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> Viola... I usually =
get one or
two stocks per week that I then chart and concentrate on =
"trading"</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> At the end of =
the day
it is about position sizing, money management and having the correct =
trading
psychology.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> READ Darvases book. =
you'll
get the picture.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'> =
Mark</span></font><o:p></o:p></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:dmc197807@comcast.net" =
title=3D"dmc197807@comcast.net">DMC197807</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:time
Hour=3D"20" Minute=3D"8"><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>8:08 PM</span></font></st1:time><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p=
>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Re: [CANSLIM]
filter<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff,</span></font><o:p></o:=
p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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:</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><<Good, that's a bunch of information =
that you
can't use. Now, for some you<br>
can. There are only 3 numbers which matter, when all the dust is =
settled.<br>
They are NOT p/e, d/e, current ratio, PEG, profit margin or =
inventory<br>
turnover.<br>
<br>
THEY ARE: Price paid for shares, Price received for shares, Time =
held.<br>
<br>
Now, MILSCAN (Canslim to some of you) is a very interesting approach, =
and<br>
can possibly, with strong position and money management systems, help =
you to<br>
buy low and sell high in a timely timeframe.<br>
<br>
Here's how I think of these factors, in descending order of =
importance:<br>
<br>
<<M is for the market and the market trend. We are at an =
inflection
point<br>
here, so it's lookout below, or perhaps lookout above.<br>
<br>
N is for new highs in the 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 earnings growth (this is for additional comfort)<br>
<br>
C is for current quarterly earnings (this is for additional comfort)<br>
<br>
I is for institutional sponsorship (this is a timing issue--I =
think I
trust<br>
the chart over this, for some reason)<br>
<br>
S is for supply of stock (looking for a relatively low no. of =
shares--here I<br>
want to exclude the 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 TA and FA together is a good idea, but when in =
conflict,<br>
trust the TA. Remember, out of 7000 stocks we are looking for 1 or =
2
names<br>
a week on which to carefully place our =
hopes. >><o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>DMC</span></font><o:p></o:p>=
</p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:JHend746@cox.net" title=3D"JHend746@cox.net">Jeff =
Henderson</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:time
Hour=3D"11" Minute=3D"40"><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>11:40 AM</span></font></st1:time><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p=
>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> RE:
[CANSLIM] filter<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Sorry about the
misunderstanding I was using the CANSLIM acronym.<span
style=3D'mso-spacerun:yes'> </span>I’ll explain my filter =
again.<span
style=3D'mso-spacerun:yes'> </span>First off I use MSN as my =
filter source.<span
style=3D'mso-spacerun:yes'> </span>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%.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>DMC197807<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"11" Minute=3D"23"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>11:23 AM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
filter</span></font><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff,</span></font><o:p></o:=
p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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?</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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%.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>DMC</span></font><o:p></o:p>=
</p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>----- Original Message ----- =
<o:p></o:p></span></font></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:1.0in;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:JHend746@cox.net"
title=3D"JHend746@cox.net">Jeff Henderson</a> =
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">Canslim</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:date
Month=3D"8" Day=3D"6" Year=3D"2003"><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'>Wednesday, August 06, =
2003</span></font></st1:date><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:time
Hour=3D"9" Minute=3D"2"><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>9:02 AM</span></font></st1:time><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p=
>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> [CANSLIM]
filter<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.<span
style=3D'mso-spacerun:yes'> </span>To my dismay, no stocks popped =
up.<span
style=3D'mso-spacerun:yes'> </span>How would you alter this =
filter?<o:p></o:p></span></font></p>
</blockquote>
</blockquote>
</blockquote>
</div>
</body>
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