From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2035 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, January 13 2002 Volume 02 : Number 2035 In this issue: Re: [CANSLIM] Worley's Weekend Weeview [CANSLIM] IBD Smart Investor Re: [CANSLIM] IBD Smart Investor Re: [CANSLIM] IBD Smart Investor AW: [CANSLIM] market direction ---------------------------------------------------------------------- Date: Sun, 13 Jan 2002 16:45:43 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C19C51.BDBC68D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Steve, The population of stocks I review each weekend for my WWW is a composite = of several sources. I can't mention them all, as one may sue me or cut = off my services. But suffice it to say, I am looking for stocks with = both RS and EPS of 80 or better, and close to or at their 12 month = highs. The actual chart I look at in order to make my short list are DGO = charts. The comments and opinions are strictly my own. For my own personal investing, I use CBS Market Watch to screen for = small caps hitting new highs. I have tried several screens at DGO beta = site but without any consistent success so far. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Steve=20 To: canslim@lists.xmission.com=20 Sent: Sunday, January 13, 2002 12:12 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, Thanks again for your summary and attached watch list once again you = have added to my watch list. I have two questions regarding your WWW. 1. What is(are) the criteria(s) that you filter on to get your = original list prior to paring it down to the below? I have a small = handful of filters that I thought were pretty good but only half of your = list below even shows up on my original master list (about 300 long for = weekend review).=20 2. You have often mentioned about your own personal investing style is = in addition to CANSLIM (this group) and you select low priced/low = vol/small caps. Are you involved in other groups similiar to this group = for your other style of investing? I would also be interested in what = filter criteria you use to find those. (I have been using PEG ratios of = < .65, avol<50K but then I miss out on those without earnings...) Thanks for any coaching you can provide! Steve ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, January 13, 2002 1:50 AM Subject: [CANSLIM] Worley's Weekend Weeview CONFESSION SEASON We are now in a critical time period preceding the actual reporting = of Fourth Quarter results. Corporations big and small are supposed to be = adjusting investor's expectations to what they will actually report, vs. = what they (or analysts) have already said to expect. My subjective = observation was that the news was far more positive than negative, with = over half of the companies saying anything saying that they would exceed = lowered expectations. And most of the rest were saying they would meet = the current expectations. Just read a report off Reuters, which confirms = my observation. So far in preparation for Q4, 44% of the announcements = have warned they will miss forecasts. The positive spin? For Q3, the = number was 63%, for Q2 it was 68%, and 70% for Q1. And 25% of this = confession season are positive, compared to only 16% average for the = prior 3 quarters. According to First Call, earnings for the 500 corps in = the S&P500 are still expected to drop 22%, worst record in ten years.=20 - -------------------------------------------------------------------------= - --- ONE LINERS A 17 year old in San Diego, still living at home with his parents, = managed to scam 1,000 "investors" out of over a million dollars over the = internet by promising returns of 250% to 2500% using the "investor's" = money to bet on sports events. Lots of quotes here, "a fool and his = money are soon parted", "there's a sucker born every minute", "greed = will get you in the end". Just think, he may be CEO of some future = Enron by the time he's 30!! Nearly $900,000 was recovered from his = account in Costa Rica, so doubtful the "investors" will learn much of a = lesson. Still, nice to know we are raising computer literate kids who = are obviously smarter than the adults. Bankruptcy filings are on track to set new records for 2001. Final = numbers announced in early March. Consumer debt way surpassed = expectations in November, up over $16 billion, expected was just over a = $5 billion jump. Primary cause was purchases of cars due the zero = financing deals now largely ended. The new President and COO of Int'l House of Pancakes is Ms. Julia = Stewart. She got her start in the restaurant biz 30 years ago at the age = of 16, filling coffee cups and taking orders as a waitress at, you = guessed it, IHOP. Way to go, Julia. Congrats!!=20 First quarter 2002 has been picked in a poll of private economists = as marking the end of recession. 37% picked March, 26% picked February, = 22% picked January, and a bold 7% picked last December. They projected a = rise in GDP of 0.7%. Consensus forecast for 4th quarter GDP is a 1% = decline, which would confirm a recession by traditional standards. New unemployment claims continued to drop faster than expectations. = Four week moving average is stable, and the number continuing on = unemployment dropped by 170,000. And this is despite new layoff = announcements (or expectations) by Ford (10,000), GM (5,000), and = Merrill Lynch (9,000). Wholesale inventories continued to fall in November, down 1.1% after = dropping 1.2% in October. (gotta deplete inventory before manufacturers = restart or increase production, and start hiring new people) Latest reports show applications for mortgages for home purchases = are at an all time high, implying strength for the new and used home = sales figures in the next few months. Friday's PPI report showed an unexpected drop of 0.7%, expected was = a drop of 0.2%. Excluding the volatile energy and food elements, it = still dropped 0.1% compared to an expected rise in the core rate of = 0.1%. Gee, maybe there's still some hope for a Jan 30 Fed rate cut? And = despite 11 Fed rate cuts in the past year, the 15 year mortgage rate is = still only 5 basis points below where it was a year ago. So who's making = all the money on refinancing and new mortgages? - -------------------------------------------------------------------------= - --- MR. GREENSPAN I haven't written much about Mr. G for some time, mostly because I = saw little on which to comment, it was business as usual, with no = change. I didn't catch much of his speech Friday on the economy, but = what I got was significant. First, he expects to see proof of an = economic recovery by summer (that means it would have to already be in = progress). Second, he specifically commented: "hypothesis of an = accelerated productivity trend had not been tested in the contracting = phase of a business cycle. Recent developments have provided that test, = and the early returns certainly look favorable to the hypothesis." That = comment, along with several others, leads me to conclude that the Feds = will cut another 25 basis points on Jan 30. It will likely be the last = cut, but I would also not expect to see any rate hikes until the end of = the summer at the earliest. I also expect that when rate hikes occur, = and they will, they will be small, occur slowly and cautiously until not = only our economic growth is well established, but we also see = improvement in the world economy.=20 - -------------------------------------------------------------------------= - --- ON "M" I am probably the wrong person to talk about the market trend this = week, as every major index was down. Despite that, my IRA gained 4.5% = for the week and my VR Fund gained 2.8%, so for me the trend is up. Not = withstanding that, the worries that the major indexes were developing a = head and shoulders pattern appear to have been unfounded, with the = possible exception of the NASDAQ 100. The ten day moving averages on = both up/down volume and new highs/lows are positive, and expectations of = an improving economy, and recovering corporate profits, are strong. Thus = I expect a lot more sidelined money to continue flowing into stocks = during the next month or two.=20 - -------------------------------------------------------------------------= - --- WORLEY'S WATCHLIST WANNABEES While the population of stocks I review for my own personal = investing (low priced, thinly traded small caps) has been growing = nicely, the population of stocks I review for this column appears to be = stagnant, not a surprise given the retreat by all markets this week. As always, Bx is my shorthand for a flat line "B"ase of "x" weeks = duration. If I see a specific pattern, such as a cup and handle, double = bottom, LLUR (Lower Left Upper Right, not officially CANSLIM pattern), = etc, then I will say so. ACS - LLUR, closely following the 50 DMA ALLY - B2 BBY - 5 week handle on the cup, but volume still high, funds already = own 37% BLUD - B2+ CEFT - 3+ week handle on a vague cup CVBF - LLUR DLX - very smooth LLUR despite low earnings forecasts ELTE - B3 FCN - volatile LLUR attempting a b/o on Friday on volume, be careful FMAR - c&h, low price and volume JNC - LLUR MCRS - 2nd base on the handle MHO - B5 OFIX - B4 PETM - LLUR POSS - B2 below the high, in my VR fund RYAN - LLUR TIER - B4 URBN - B3 Happy hunting, God bless America, and its military people, Use of this email for any purpose other than personal is prohibited = without prior permission of the author. Commercial use without = permission is specifically prohibited. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_004C_01C19C51.BDBC68D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Steve,
 
The population of stocks I review each weekend = for my WWW=20 is a composite of several sources. I can't mention them all, as one may = sue me=20 or cut off my services. But suffice it to say, I am looking for stocks = with both=20 RS and EPS of 80 or better, and close to or at their 12 month=20 highs.
 
The actual chart I look at in order to make my = short list=20 are DGO charts. The comments and opinions are strictly my = own.
 
For my own personal investing, I use CBS Market = Watch to=20 screen for small caps hitting new highs. I have tried several screens at = DGO=20 beta site but without any consistent success so far.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Steve =
To: canslim@lists.xmission.com=
Sent: Sunday, January 13, 2002 = 12:12=20 PM
Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

Tom,
 
Thanks again for your summary and = attached watch=20 list once again you have added to my watch list.  I have two = questions=20 regarding your WWW.
 
1. What is(are) the criteria(s) that = you filter=20 on to get your original list prior to paring it down to the = below?  I=20 have a small handful of filters that I thought were pretty good but = only half=20 of your list below even shows up on my original master list (about 300 = long=20 for weekend review).
 
2. You have often mentioned about = your own=20 personal investing style is in addition to CANSLIM (this group) and=20 you select low priced/low vol/small caps.  Are you involved = in other=20 groups similiar to this group for your other style of investing?  = I would=20 also be interested in what filter criteria you use to find = those.  (I=20 have been using PEG ratios of < .65, avol<50K but then I miss = out on=20 those without earnings...)
 
Thanks for any coaching you can=20 provide!
 
Steve
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, January 13, = 2002 1:50=20 AM
Subject: [CANSLIM] Worley's = Weekend=20 Weeview

CONFESSION=20 SEASON
We are now in a critical time period = preceding the=20 actual reporting of Fourth Quarter results. Corporations big and = small are=20 supposed to be adjusting investor's expectations to what they will = actually=20 report, vs. what they (or analysts) have already said to expect. My=20 subjective observation was that the news was far more positive than=20 negative, with over half of the companies saying anything saying = that they=20 would exceed lowered expectations. And most of the rest were saying = they=20 would meet the current expectations. Just read a report off Reuters, = which=20 confirms my observation. So far in preparation for Q4, 44% of the=20 announcements have warned they will miss forecasts. The positive = spin? For=20 Q3, the number was 63%, for Q2 it was 68%, and 70% for Q1. And 25% = of this=20 confession season are positive, compared to only 16% average for the = prior 3=20 quarters. According to First Call, earnings for the 500 corps in the = S&P500 are still expected to drop 22%, worst record in ten = years.=20
ONE = LINERS
A 17 year old in San Diego, still living at = home with=20 his parents, managed to scam 1,000 "investors" out of over a million = dollars=20 over the internet by promising returns of 250% to 2500% using the=20 "investor's" money to bet on sports events. Lots of quotes here, "a = fool and=20 his money are soon parted", "there's a sucker born every minute", = "greed=20 will get you in the end".  Just think, he may be CEO of some = future=20 Enron by the time he's 30!! Nearly $900,000 was recovered from his = account=20 in Costa Rica, so doubtful the "investors" will learn much of a = lesson.=20 Still, nice to know we are raising computer literate kids who are = obviously=20 smarter than the adults.
 
Bankruptcy filings are on track to set new = records for=20 2001. Final numbers announced in early March. Consumer debt way = surpassed=20 expectations in November, up over $16 billion, expected was just = over a $5=20 billion jump. Primary cause was purchases of cars due the zero = financing=20 deals now largely ended.
 
The new President and COO of Int'l House of = Pancakes=20 is Ms. Julia Stewart. She got her start in the restaurant biz 30 = years ago=20 at the age of 16, filling coffee cups and taking orders as a = waitress at,=20 you guessed it, IHOP. Way to go, Julia. Congrats!!
 
First quarter 2002 has been picked in a poll = of=20 private economists as marking the end of recession. 37% picked = March, 26%=20 picked February, 22% picked January, and a bold 7% picked last = December.=20 They projected a rise in GDP of 0.7%. Consensus forecast for 4th = quarter GDP=20 is a 1% decline, which would confirm a recession by traditional=20 standards.
 
New unemployment claims continued to drop = faster than=20 expectations. Four week moving average is stable, and the number = continuing=20 on unemployment dropped by 170,000. And this is despite new layoff=20 announcements (or expectations) by Ford (10,000), GM (5,000), and = Merrill=20 Lynch (9,000).
 
Wholesale inventories continued to fall in = November,=20 down 1.1% after dropping 1.2% in October. (gotta deplete inventory = before=20 manufacturers restart or increase production, and start hiring new=20 people)
 
Latest reports show applications for = mortgages for=20 home purchases are at an all time high, implying strength for the = new and=20 used home sales figures in the next few months.
 
Friday's PPI report showed an unexpected = drop of 0.7%,=20 expected was a drop of 0.2%. Excluding the volatile energy and food=20 elements, it still dropped 0.1% compared to an expected rise in the = core=20 rate of 0.1%. Gee, maybe there's still some hope for a Jan 30 Fed = rate=20 cut?  And despite 11 Fed rate cuts in the past year, the = 15 year=20 mortgage rate is still only 5 basis points below where it was a year = ago. So=20 who's making all the money on refinancing and new = mortgages?
MR.=20 GREENSPAN
I haven't written much about Mr. G for some = time,=20 mostly because I saw little on which to comment, it was business as = usual,=20 with no change.  I didn't catch much of his speech Friday on = the=20 economy, but what I got was significant. First, he expects to see = proof of=20 an economic recovery by summer (that means it would have to already = be in=20 progress). Second, he specifically commented: "hypothesis of an = accelerated=20 productivity trend had not been tested in the contracting phase of a = business cycle.  Recent developments have provided that test, = and the=20 early returns certainly look favorable to the hypothesis." = That=20 comment, along with several others, leads me to conclude that the = Feds will=20 cut another 25 basis points on Jan 30. It will likely be the last = cut, but I=20 would also not expect to see any rate hikes until the end of the = summer at=20 the earliest. I also expect that when rate hikes occur, and they = will, they=20 will be small, occur slowly and cautiously until not only our = economic=20 growth is well established, but we also see improvement in the world = economy.=20
ON = "M"
I am probably the wrong person to talk about = the=20 market trend this week, as every major index was down. Despite that, = my IRA=20 gained 4.5% for the week and my VR Fund gained 2.8%, so for me the = trend is=20 up. Not withstanding that, the worries that the major indexes were=20 developing a head and shoulders pattern appear to have been = unfounded, with=20 the possible exception of the NASDAQ 100. The ten day moving = averages on=20 both up/down volume and new highs/lows are positive, and = expectations of an=20 improving economy, and recovering corporate profits, are strong. = Thus I=20 expect a lot more sidelined money to continue flowing into stocks = during the=20 next month or two.=20
WORLEY'S WATCHLIST=20 WANNABEES
While the population of stocks I review for = my own=20 personal investing (low priced, thinly traded small caps) has been = growing=20 nicely, the population of stocks I review for this column appears to = be=20 stagnant, not a surprise given the retreat by all markets this=20 week.
As always, Bx is my shorthand for a flat = line "B"ase=20 of "x" weeks duration. If I see a specific pattern, such as a cup = and=20 handle, double bottom, LLUR (Lower Left Upper Right, not officially = CANSLIM=20 pattern), etc, then I will say so.
 
ACS - LLUR, closely following the 50 = DMA
ALLY - B2
BBY - 5 week handle on the cup, but volume = still high,=20 funds already own 37%
BLUD - B2+
CEFT - 3+ week handle on a vague = cup
CVBF - LLUR
DLX - very smooth LLUR despite low earnings=20 forecasts
ELTE - B3
FCN - volatile LLUR attempting a b/o on = Friday on=20 volume, be careful
FMAR - c&h, low price and = volume
JNC - LLUR
MCRS - 2nd base on the handle
MHO - B5
OFIX - B4
PETM - LLUR
POSS - B2 below the high, in my VR = fund
RYAN - LLUR
TIER - B4
URBN - B3
 
Happy hunting,
 
God bless America, and its military=20 people,
 
Use of this email for any purpose other than = personal=20 is prohibited without prior permission of the author. Commercial use = without=20 permission is specifically prohibited.
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_004C_01C19C51.BDBC68D0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 13 Jan 2002 16:03:01 -0600 From: "Katherine Malm" Subject: [CANSLIM] IBD Smart Investor This is a multi-part message in MIME format. - ------=_NextPart_000_0049_01C19C4B.C6B649C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tom, I was going batty because I found your profile online this week but not = in the paper...thought Smart Investor was only in Monday's papers. = Couldn't figure out why that cookie-making-ex-nurse's photo was in your = spot yesterday! Do you know if IBD has started running these profiles = twice weekly? I'm so far behind in my pile of IBD's, don't know what I'm = missing...Mon-Thur mornings I usually throw out section B after reading = the Big Picture...save section A "until I get around to it"... Nice to finally put a real person with the voice. Maybe the photo for = your CANSLIM memoirs can be under a tree in the Bahamas instead of that = bank-vault-looking hallway...:)) Katherine - ------=_NextPart_000_0049_01C19C4B.C6B649C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Tom,
 
I was going batty because I found your profile online this = week but=20 not in the paper...thought Smart Investor was only in Monday's papers. = Couldn't=20 figure out why that cookie-making-ex-nurse's photo was in your spot = yesterday!=20 Do you know if IBD has started running these profiles twice weekly? I'm = so far=20 behind in my pile of IBD's, don't know what I'm missing...Mon-Thur=20 mornings I usually throw out section B after reading the Big = Picture...save=20 section A "until I get around to it"...
 
Nice to finally put a real person with the voice. Maybe the photo = for your=20 CANSLIM memoirs can be under a tree in the Bahamas instead of that=20 bank-vault-looking hallway...:))
 
Katherine
- ------=_NextPart_000_0049_01C19C4B.C6B649C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 13 Jan 2002 17:11:05 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] IBD Smart Investor Katherine: Yes, the Smart Investor series is now in Thursday's edition of IBD (in addition to Monday's IBD). I guess, after reading the second sentence, that "cooking baking ex-nurse" will not be making any cookies for you. (And if she does, maybe you better not eat them). In any event, your description of her made me laugh. Thanks. jans In a message dated 1/13/2002 5:02:46 PM Eastern Standard Time, kmalm@earthlink.net writes: << Hi Tom, I was going batty because I found your profile online this week but not in the paper...thought Smart Investor was only in Monday's papers. Couldn't figure out why that cookie-making-ex-nurse's photo was in your spot yesterday! Do you know if IBD has started running these profiles twice weekly? I'm so far behind in my pile of IBD's, don't know what I'm missing...Mon-Thur mornings I usually throw out section B after reading the Big Picture...save section A "until I get around to it"... >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 13 Jan 2002 17:21:24 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] IBD Smart Investor This is a multi-part message in MIME format. - ------=_NextPart_000_00BF_01C19C56.B9DCCB60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine, My impression is that the "Smart Investors" column is a daily one. = Remember I am not an IBD subscriber these days. When I tried the link on = Saturday, I also got the nurse and not me, and could not find any = archive. Another member mentioned the profile was in the "B" section (B13??). The photo finally used was a mystery to me. As a former semi-pro = photographer back in my teens and early 20s, and a serious amateur = photographer since, I am unaccustomed to being on the other side of the = camera, and not comfortable with it. Having an infected and swollen left = eye at the time, I gave the API photographer quite a challenge to get a = decent photo. After about 200 shots in my work area, we left together = (him to get away, me for a smoke break). We exited the office area into = the hallway outside the Reception area, and he fell in love with the = lighting and architecture. My (and my now deceased wife's) dream was always to make enough money to = buy a small island in the Bahamas and build a house there. It's still a = dream, but a lot less likely to happen now, but I always enjoy my trips = over there. At least I did have two glorious month long cruises there on = our sailboat. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, January 13, 2002 5:03 PM Subject: [CANSLIM] IBD Smart Investor Hi Tom, I was going batty because I found your profile online this week but = not in the paper...thought Smart Investor was only in Monday's papers. = Couldn't figure out why that cookie-making-ex-nurse's photo was in your = spot yesterday! Do you know if IBD has started running these profiles = twice weekly? I'm so far behind in my pile of IBD's, don't know what I'm = missing...Mon-Thur mornings I usually throw out section B after reading = the Big Picture...save section A "until I get around to it"... Nice to finally put a real person with the voice. Maybe the photo for = your CANSLIM memoirs can be under a tree in the Bahamas instead of that = bank-vault-looking hallway...:)) Katherine - ------=_NextPart_000_00BF_01C19C56.B9DCCB60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,
 
My impression is that the "Smart Investors" = column is a=20 daily one. Remember I am not an IBD subscriber these days. When I tried = the link=20 on Saturday, I also got the nurse and not me, and could not find = any=20 archive.
 
Another member mentioned the profile was in the = "B"=20 section (B13??).
 
The photo finally used was a mystery to me. As a = former=20 semi-pro photographer back in my teens and early 20s, and a serious = amateur=20 photographer since, I am unaccustomed to being on the other side of the = camera,=20 and not comfortable with it. Having an infected and swollen left eye at = the=20 time, I gave the API photographer quite a challenge to get a decent = photo. After=20 about 200 shots in my work area, we left together (him to get away, me = for a=20 smoke break). We exited the office area into the hallway outside the = Reception=20 area, and he fell in love with the lighting and = architecture.
 
My (and my now deceased wife's) dream was always = to make=20 enough money to buy a small island in the Bahamas and build a house = there. It's=20 still a dream, but a lot less likely to happen now, but I always enjoy = my trips=20 over there. At least I did have two glorious month long cruises there on = our=20 sailboat.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Sunday, January 13, 2002 = 5:03=20 PM
Subject: [CANSLIM] IBD Smart=20 Investor

Hi Tom,
 
I was going batty because I found your profile online this = week but=20 not in the paper...thought Smart Investor was only in Monday's papers. = Couldn't figure out why that cookie-making-ex-nurse's photo was in = your spot=20 yesterday! Do you know if IBD has started running these profiles twice = weekly?=20 I'm so far behind in my pile of IBD's, don't know what I'm = missing...Mon-Thur=20 mornings I usually throw out section B after reading the Big=20 Picture...save section A "until I get around to it"...
 
Nice to finally put a real person with the voice. Maybe the photo = for=20 your CANSLIM memoirs can be under a tree in the Bahamas instead of = that=20 bank-vault-looking hallway...:))
 
Katherine
- ------=_NextPart_000_00BF_01C19C56.B9DCCB60-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 13 Jan 2002 23:26:35 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] market direction Here the interview with David Ryan, a Market Wizard trained by Oneil (Market Wizzards, Jack D. Schwager) --> Schwager: "The screens you have described in selecting stocks are essentially ONeils CANSLIM methodology. Did you add any of your own elements to his approach?" Ryan: "Yes, I learned that most of our greatest winning recommendations startet off with prices unter thirty times earnings. ONeil says the P/E ration is not important. I think it is, in that your succes ratio is a lot higher on lower P/E ratio stocks." Schwager: "But I guess not too low P/E Ratios?" Ryan: When I am talking about lower PE ratio stocks, I mean stocks that have a PE ratio that is between even and up to two times the S&P 500 PE ratio .... .... Once you start going much beyond double the S&P 500 PE ratio level, your timing needs to be more exact. You are bound to make a few more mistakes on higher PE ratio stocks.. Schwager "Do you therefore avoid high P/E ratio stocks?" Ryan: "Yes, in many cases I do. The most profitable situation is wen you find a stock with a strong earnings trend that is trading at a PE ratio in line with the broad market ratio. Schwager: "If you avoid high PE ratio stocks, wouldnt that have prevented you from catching the whole biomedical group move? Ryan: That was a litle different because of the fact that the whole group was trading at high P/E Ratios. Page 250 and 251. ________________________________________________________________________ ________________ Boucher has an even stricter screen on value and growth at the same time AND he says the same like Ryan --> the exeption is, if a whole industry has a higher PE (Same applies for Dept). > -----Ursprungliche Nachricht----- > Von: rolf hertenstein [SMTP:rolfh@mindspring.com] > Gesendet am: Sunday, January 13, 2002 7:14 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] market direction > > Nothing to be sorry about! I'm here to learn from people's opinions. > > My take on 'value and/or growth' (from Ann's question). I always thought > of growth as growth in earnings, sales, etc. So the trick is to find low > P/E > stocks with fast growth, which is the same as the low PEG ratio someone > else mentioned. WON worry about growth and not P/E - not sure I ever > bought that concept completely, especially now. > > Rolf > > > > > Sorry to be so opinionated. > > > > Andreas > > > > > > > -----Ursprungliche Nachricht----- > > > Von: rolf hertenstein [SMTP:rolfh@mindspring.com] > > > Gesendet am: Sunday, January 13, 2002 5:54 PM > > > An: canslim@lists.xmission.com > > > Betreff: Re: [CANSLIM] market direction > > > > > > I'm still concerned about the overall market valuation, which remains > high. > > > Yes, as earnings improve, market P/Es should lower, assuming prices > > > don't accelerate faster than earnings improve. > > > > > > Even though WON gives little credence to P/Es, I'm adding a P > > > (CANSLIMP ?) for the time being. I think many investors will be spooked > > > by high P/Es (e.g., KKD) and tend towards solid companies with > relatively > > > low P/Es. Just one new investor's opinion. > > > > > > Rolf > > > > > > ----- Original Message ----- > > > From: "Dan Forant" > > > To: > > > Sent: Sunday, January 13, 2002 9:31 AM > > > Subject: Re: [CANSLIM] market direction > > > > > > > > > > I have been saying all along this is going to be a sloooooooowwwww, > > > > recovery. Well into the year. All we have to do is *read* the news. I > > > listen > > > > to a local analyst here named Larry King, he's with Smith Barney. A > few > > > > weeks ago he was calling for a quick market return. Just Friday he > changed > > > > course and now calls for growth but very slow. Analysts jobs from > > > brokerage > > > > houses are to soften the tone of bad news. They can even make it sound > > > good. > > > > Sure there are stocks out there that the savvy trader may pick, but on > > > > average not. It takes months to years for rate and tax cuts to filter > into > > > > the economy. > > > > > > > > DanF > > > > > > > > > > > > ----- Original Message ----- > > > > From: "Kent Norman" > > > > To: "CANSLIM" > > > > Sent: Sunday, January 13, 2002 10:11 AM > > > > Subject: [CANSLIM] market direction > > > > > > > > > > > > > Many "experts" are expecting the market to follow > > > > > tradition and rise in January and go flat to down for > > > > > a few months. Do you think this weeks 5 down days are > > > > > meaningful? > > > > > > > > > > I know WON says we don't need to be concerned with > > > > > where the market is heading, just where it is. > > > > > > > > > > So where is it? Is the party over? Should we all get > > > > > out of the pool? > > > > > > > > > > Kent Norman > > > > > > > > > > > > > > > ===== > > > > > Opportunities always look bigger going than coming. > > > > > > > > > > __________________________________________________ > > > > > Do You Yahoo!? > > > > > Send FREE video emails in Yahoo! Mail! > > > > > http://promo.yahoo.com/videomail/ > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2035 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.