Re: [CANSLIM] Leaders List Spreadsheet

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Leaders List Spreadsheet
Date: Thu, 4 May 2000 00:20:48 -0400

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Hi Dave,

Welcome to the CANSLIM group, sorry about the loss, and you may
want to go back and review HTMMIS on holding positions at a major
loss. If this market stabilizes, and turns north, you don't want
to have your capital tied up in losing positions unless they show
signs of leadership.

DGO is shorthand for Daily Graphs Online, the online version of
the Daily Graphs books, both like IBD are Wm O'Neil products.  It
is a subscription service, expensive if you are used to getting
everything free on the net, but provides genuine WON type CANSLIM
data on a daily updated basis.

Home page is http://www.dailygraphs.com/home.htm

Tom Worley
stkguru@netside.net
chat with me at ICQ # 5568838
get ICQ software at http://www.icq.com/icqhomepage.html


- ----- Original Message -----
From: Dave Massaglia <dmassaglia@hotmail.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 03, 2000 11:57 PM
Subject: Re: [CANSLIM] Leaders List Spreadsheet


Earl,

Thanks so much for the spreadsheets.
Obviously you're busting your butt putting this information
together.

I am relatively new to investing and new to CANSLIM. I've been
reading these
posts for about a month and have read HTMMIS.

I have found several members talking about DGO. Can you tell me
what the
site is? I am under the impression that it is similar to
stocktables.com and
would like to have a site available that sorts data like IBD.

In addition, I was attempting to analyze the numbers in your
spreadsheet and
would like clarification on a couple items.

What is the significance of the pivot, 5% and 20% down numbers?
Is the pivot point a point of resistance to watch for?

Thanks, Earl, I wish I had found this group before I invested
some cash in
April....I'm down 35% since mid March ...all tech stocks...

I think you said you were 100% cash, but I'm holding, hoping for
a rebound
this fall...

Dave Massaglia


>
>I had several requests for the spreadsheet I use to generate my
leaders
>list.  I didn't expect that amount of interest!!  Thanks for the
>compliments and I'm glad several of you find it useful.  I have
decided to
>go ahead and post the file on the CANSLIM FTP site.  You can get
the file
>at:
>
>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data
.xls
>
>The following notes are what I originally wrote to one person,
now modified
>for a broader audience.  This describes the spreadsheet and how
I generate
>it.
>
>The spreadsheet is a compilation of CANSLIM data on various
stocks.  I get
>the rankings from IBD and enter them manually.  I enter
10/8/6/3/0 for
>rankings of A-E.  The Quant formulas are an attempt to combine
all of the
>rankings into a single ranking that will highlight the strongest
stocks.
>
>I don't (generally) post my spreadsheet publicly.  It is
generally a work
>in progress, and I also have a bunch of other worksheets
included like my
>CANSLIM performance, other investments, etc.  I went ahead and
deleted the
>rest of the worksheets so you guys could get a copy and see what
I'm doing.
>  I update the worksheet on most weekends, and try to make sure
all of the
>data is no more than one month old.  This last weekend, I
updated all of
>the EPS/RPS/SMR/Acc numbers since it's earnings season.
>
>The file I've uploaded is in a different order than the original
list.
>After I generate the list, I do my own technical scan of each of
the
>stocks.  The "Technical Chart Status" column is my notes as of
this last
>weekend.  Then I re-sort the top 100 to put the longest bases on
top,
>recent breakouts next, shorter bases in the middle, and stocks
without
>bases at the bottom.  This gives me a watch list for the week.
I have
>bolded some stocks.  These are stocks that are closest to
breakouts and
>warrant closer watching.  I try to review these several times
during the
>day.  (Note that some stocks show well on the list, but I really
don't care
>for the chart or something else about the stock.  SMTC is an
example of one
>that I probably won't buy.)
>
>Note that I have 2 quant formulas I'm evaluating.  Both formulas
combine
>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings.  The formula
called "Old
>Quant" also gives credit for IGP rank (#1 gets more points than
#2), while
>the new one "New Quant" doesn't.  I'm leaning towards sticking
with the new
>formula, but only using the top 20 industry groups.
>
>Trying to keep this somewhat up-to-date has been quite a
challenge.  I'm
>probably going to subscribe to DGO hoping I can accomplish this
without
>much or all of the work, sometime in the near future.  I'm also
very
>interested in what on-line screening tools IBD is adding to
their website.
>I may wait on DGO until it becomes clear what capabilities they
are really
>going to offer (in "early" summer).
>
>Enjoy.
>
>
>
>-
>

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