From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2364 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 Friday, April 26 2002 Volume 02 : Number 2364 In this issue: Re: [CANSLIM] Reversal Bars Re: [CANSLIM] How are you choosing your stocks? Re: [CANSLIM] TOM.....ERES [CANSLIM] TASR re: [CANSLIM] TASR [CANSLIM] The charts for Acc/Dist ratings in IBD are updated. RE: [CANSLIM] TASR RE: [CANSLIM] How are you choosing your stocks? Re: [CANSLIM] TASR Re: [CANSLIM] TASR RE: [CANSLIM] How are you choosing your stocks? RE: [CANSLIM] How are you choosing your stocks? RE: [CANSLIM] How are you choosing your stocks? RE: [CANSLIM] How are you choosing your stocks? RE: [CANSLIM] How are you choosing your stocks? Re: [CANSLIM] TASR Re: [CANSLIM] How are you choosing your stocks? ---------------------------------------------------------------------- Date: Fri, 26 Apr 2002 12:04:16 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] Reversal Bars - --part1_103.1464012e.29fad480_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thank you Ernie. That was very helpful. Charley - --part1_103.1464012e.29fad480_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thank you Ernie. That was very helpful. Charley - --part1_103.1464012e.29fad480_boundary-- - - - -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: Fri, 26 Apr 2002 09:28:48 -0700 From: Harvey Brion Subject: Re: [CANSLIM] How are you choosing your stocks? Your answered your own question, Dimitri. In your first post, you set all the parameters at WON's minimums and you didn't get ANY candidates. I've gone through this exercise myself. When this happens you have to relax SOME of the minimums until you get some candidates to look at further. I think Katherine is suggesting that you relax SEVERAL of the minimums. Then you may find a candidate that looks better overall than one that meets just one or two relaxed minimums. Look for trends (rising RS, GRS) and use your judgment to select the few BEST candidates to watch for breakouts. You develop minimums for a meaningful screen through personal experience. There's no one right answer for every person and for every phase of the market. As has been said here many times, CANSLIM provides guidelines and it's a personal choice how you use them. Some prefer to stick to the "letter of the law" and miss some otherwise good candidates along the way. -Harvey Dimitri Katsaros wrote: > Hey Katherine, > > You state many good points. So then, as a "scout" for > potential stocks, one must still have minimums (which > is what I thought WON was stating, my mistake). How > then does one develop minimums so that a meaningful > screen can be created (or can one?) > > Thank you > Dimitri > > --- Katherine Malm wrote: > > Hi Dimitri, > > > > The contradiction *is* the point. Think of it this > > way. Let's say that you are a scout for a > > professional sports team and someone has given you > > the following statistic: > > > > The average height of world class professional > > athletes is 5'7" > > > > Let's say that as a result of that statistic that > > you refuse to look at any athlete who is less than > > 5'7." What does that mean? You have taken an average > > and turned it into a minimum. > > > > Here's another example. Let's say that somebody > > tells you that the batting average of professional > > baseball players is 700 and that as a result you > > refuse to look at any baseball player who has an > > average of less than 700. You would say, of course > > that's silly, because if I'm scouting for a team, > > I'm looking for an athlete who has a well rounded > > set of skills and/or has a set of skills that adds > > value to the team as a whole. You may, as a result > > of past studies determine that a baseball player who > > has a batting average of less than 200 is > > unacceptable, but you would not refuse to look at > > them if they had all the requisite skills and a > > batting average of 650. > > > > The point is that you have to look at the > > preponderance of evidence for the stock and not > > build your screens so tightly that you eliminate > > excellent candidates just because they meet some > > arbitrary minimum cut offs that are based on > > *averages* for past winning stocks. > > > > Katherine > > ----- Original Message ----- > > From: Dimitri Katsaros > > To: canslim@lists.xmission.com > > Sent: Friday, April 26, 2002 12:02 AM > > Subject: Re: [CANSLIM] How are you choosing your > > stocks? > > > > > > Katherine, > > > > This seems quite contradictory... if one cannot > > sort > > according to the recommended minimums, then what > > is > > the point of stating them and... what is the value > > of > > the Daily Graphs Custom Screen Wizard? > > > > Just learning as I go > > Dimitri Katsaros > > > > ===== > Quiquid latine dictum sit altum viditur > > __________________________________________________ > Do You Yahoo!? > Yahoo! Games - play chess, backgammon, pool and more > http://games.yahoo.com/ > > - > -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. ------------------------------ Date: Fri, 26 Apr 2002 10:47:58 -0700 (PDT) From: SRP Singh Subject: Re: [CANSLIM] TOM.....ERES Hi, Do you've any scan to ferret out such a flat pattern ? Thanks, SRP - --- AlpineTap34@aol.com wrote: > Took a stab at this one today. At this point in my > CANSLIM career, I admit > I'm still relying more on the charts than the > fundies. Hopefully, I'll be > able to implement that better into my decision > making in the near future. > Anway, I was just curious if you followed this > one.....or, had any thoughts. > Trying to figure out if I've purchased a real dog. > LOL. Thanks for the help. > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.yahoo.com/ - - - -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: Fri, 26 Apr 2002 11:05:43 -0700 (PDT) From: Steve F Subject: [CANSLIM] TASR Any reason for TASR to be taking this big hit today? __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.yahoo.com/ - - - -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: Fri, 26 Apr 2002 11:20:04 -0700 From: Neal Frankle Subject: re: [CANSLIM] TASR My guess is that the market is lousy. I have seen lots of good CANSLIM stocks = crash on the rocks of M. - - - -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: Fri, 26 Apr 2002 14:58:02 -0500 From: "Fred Richards" Subject: [CANSLIM] The charts for Acc/Dist ratings in IBD are updated. This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01C1ED32.C3572320 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit We have updated the "A" rated stocks (Acc/Dist) and posted to the website. http://www.adrich.com/SI/Info/ABPercent.htm Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------=_NextPart_000_0006_01C1ED32.C3572320 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

We = have updated the=20 "A" rated stocks (Acc/Dist) and posted to the = website.

http://www.adrich.co= m/SI/Info/ABPercent.htm

Fred Richards

Corruptisima republica plurimae = leges. [The=20 more corrupt a republic, the more laws.] - - Tacitus, Annuals III=20 27

www.adrich.com

- ------=_NextPart_000_0006_01C1ED32.C3572320-- - - - -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: Fri, 26 Apr 2002 16:13:52 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] TASR M - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Steve F Sent: Friday, April 26, 2002 2:06 PM To: canslim@lists.xmission.com Subject: [CANSLIM] TASR Any reason for TASR to be taking this big hit today? __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.yahoo.com/ - - - -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. ------------------------------ Date: Fri, 26 Apr 2002 16:15:16 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] How are you choosing your stocks? Or maybe you should be doing what WON (and I) is (are) doing. Relaxing altogether. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Harvey Brion Sent: Friday, April 26, 2002 12:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] How are you choosing your stocks? Your answered your own question, Dimitri. In your first post, you set all the parameters at WON's minimums and you didn't get ANY candidates. I've gone through this exercise myself. When this happens you have to relax SOME of the minimums until you get some candidates to look at further. I think Katherine is suggesting that you relax SEVERAL of the minimums. Then you may find a candidate that looks better overall than one that meets just one or two relaxed minimums. Look for trends (rising RS, GRS) and use your judgment to select the few BEST candidates to watch for breakouts. You develop minimums for a meaningful screen through personal experience. There's no one right answer for every person and for every phase of the market. As has been said here many times, CANSLIM provides guidelines and it's a personal choice how you use them. Some prefer to stick to the "letter of the law" and miss some otherwise good candidates along the way. -Harvey Dimitri Katsaros wrote: > Hey Katherine, > > You state many good points. So then, as a "scout" for potential > stocks, one must still have minimums (which is what I thought WON was > stating, my mistake). How then does one develop minimums so that a > meaningful screen can be created (or can one?) > > Thank you > Dimitri > > --- Katherine Malm wrote: > > Hi Dimitri, > > > > The contradiction *is* the point. Think of it this > > way. Let's say that you are a scout for a > > professional sports team and someone has given you > > the following statistic: > > > > The average height of world class professional > > athletes is 5'7" > > > > Let's say that as a result of that statistic that > > you refuse to look at any athlete who is less than > > 5'7." What does that mean? You have taken an average > > and turned it into a minimum. > > > > Here's another example. Let's say that somebody > > tells you that the batting average of professional > > baseball players is 700 and that as a result you > > refuse to look at any baseball player who has an > > average of less than 700. You would say, of course > > that's silly, because if I'm scouting for a team, > > I'm looking for an athlete who has a well rounded > > set of skills and/or has a set of skills that adds > > value to the team as a whole. You may, as a result > > of past studies determine that a baseball player who > > has a batting average of less than 200 is > > unacceptable, but you would not refuse to look at > > them if they had all the requisite skills and a > > batting average of 650. > > > > The point is that you have to look at the > > preponderance of evidence for the stock and not > > build your screens so tightly that you eliminate > > excellent candidates just because they meet some > > arbitrary minimum cut offs that are based on > > *averages* for past winning stocks. > > > > Katherine > > ----- Original Message ----- > > From: Dimitri Katsaros > > To: canslim@lists.xmission.com > > Sent: Friday, April 26, 2002 12:02 AM > > Subject: Re: [CANSLIM] How are you choosing your > > stocks? > > > > > > Katherine, > > > > This seems quite contradictory... if one cannot > > sort > > according to the recommended minimums, then what > > is > > the point of stating them and... what is the value > > of > > the Daily Graphs Custom Screen Wizard? > > > > Just learning as I go > > Dimitri Katsaros > > > > ===== > Quiquid latine dictum sit altum viditur > > __________________________________________________ > Do You Yahoo!? > Yahoo! Games - play chess, backgammon, pool and more > http://games.yahoo.com/ > > - > -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. ------------------------------ Date: Fri, 26 Apr 2002 16:15:02 -0400 From: "Parnelli" Subject: Re: [CANSLIM] TASR amen! - ----- Original Message ----- From: "Duke Miller" To: Sent: Friday, April 26, 2002 4:13 PM Subject: RE: [CANSLIM] TASR > M > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Steve F > Sent: Friday, April 26, 2002 2:06 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] TASR > > > > Any reason for TASR to be taking this big hit today? > > > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Games - play chess, backgammon, pool and more > http://games.yahoo.com/ > > - > -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. ------------------------------ Date: Fri, 26 Apr 2002 14:28:58 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] TASR Whoever asked about breakouts and why at least some people recommended against buying them, there is a good example. RMCI's psychotic behaviour this week is another example. > > Any reason for TASR to be taking this big hit today? > > > > - - - -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: Fri, 26 Apr 2002 13:29:26 -0700 (PDT) From: Dimitri Katsaros Subject: RE: [CANSLIM] How are you choosing your stocks? As in, the fact that I am not getting any hits is indicative of a bear market? Or I am getting way too obsessive over rules to come up with hits? :-) Dimitri - --- Duke Miller wrote: > Or maybe you should be doing what WON (and I) is > (are) doing. Relaxing > altogether. > > Duke ===== Quiquid latine dictum sit altum viditur __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.yahoo.com/ - - - -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: Fri, 26 Apr 2002 16:08:14 -0500 From: "Fred Richards" Subject: RE: [CANSLIM] How are you choosing your stocks? Duke, Now that is a concept that WON is not familiar with . . . Relaxing, heck, he doesn't know what the word means. He's been a workaholic all his life so why should he stop now? FFR - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Friday, April 26, 2002 3:15 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] How are you choosing your stocks? Or maybe you should be doing what WON (and I) is (are) doing. Relaxing altogether. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Harvey Brion Sent: Friday, April 26, 2002 12:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] How are you choosing your stocks? Your answered your own question, Dimitri. In your first post, you set all the parameters at WON's minimums and you didn't get ANY candidates. I've gone through this exercise myself. When this happens you have to relax SOME of the minimums until you get some candidates to look at further. I think Katherine is suggesting that you relax SEVERAL of the minimums. Then you may find a candidate that looks better overall than one that meets just one or two relaxed minimums. Look for trends (rising RS, GRS) and use your judgment to select the few BEST candidates to watch for breakouts. You develop minimums for a meaningful screen through personal experience. There's no one right answer for every person and for every phase of the market. As has been said here many times, CANSLIM provides guidelines and it's a personal choice how you use them. Some prefer to stick to the "letter of the law" and miss some otherwise good candidates along the way. -Harvey Dimitri Katsaros wrote: > Hey Katherine, > > You state many good points. So then, as a "scout" for potential > stocks, one must still have minimums (which is what I thought WON was > stating, my mistake). How then does one develop minimums so that a > meaningful screen can be created (or can one?) > > Thank you > Dimitri > > --- Katherine Malm wrote: > > Hi Dimitri, > > > > The contradiction *is* the point. Think of it this > > way. Let's say that you are a scout for a > > professional sports team and someone has given you > > the following statistic: > > > > The average height of world class professional > > athletes is 5'7" > > > > Let's say that as a result of that statistic that > > you refuse to look at any athlete who is less than > > 5'7." What does that mean? You have taken an average > > and turned it into a minimum. > > > > Here's another example. Let's say that somebody > > tells you that the batting average of professional > > baseball players is 700 and that as a result you > > refuse to look at any baseball player who has an > > average of less than 700. You would say, of course > > that's silly, because if I'm scouting for a team, > > I'm looking for an athlete who has a well rounded > > set of skills and/or has a set of skills that adds > > value to the team as a whole. You may, as a result > > of past studies determine that a baseball player who > > has a batting average of less than 200 is > > unacceptable, but you would not refuse to look at > > them if they had all the requisite skills and a > > batting average of 650. > > > > The point is that you have to look at the > > preponderance of evidence for the stock and not > > build your screens so tightly that you eliminate > > excellent candidates just because they meet some > > arbitrary minimum cut offs that are based on > > *averages* for past winning stocks. > > > > Katherine > > ----- Original Message ----- > > From: Dimitri Katsaros > > To: canslim@lists.xmission.com > > Sent: Friday, April 26, 2002 12:02 AM > > Subject: Re: [CANSLIM] How are you choosing your > > stocks? > > > > > > Katherine, > > > > This seems quite contradictory... if one cannot > > sort > > according to the recommended minimums, then what > > is > > the point of stating them and... what is the value > > of > > the Daily Graphs Custom Screen Wizard? > > > > Just learning as I go > > Dimitri Katsaros > > > > ===== > Quiquid latine dictum sit altum viditur > > __________________________________________________ > Do You Yahoo!? > Yahoo! Games - play chess, backgammon, pool and more > http://games.yahoo.com/ > > - > -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. ------------------------------ Date: Fri, 26 Apr 2002 17:20:32 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] How are you choosing your stocks? Dimitri: You are hitting the nail totally on the head. Let me explain... I think the number is one out of three: You're doing really well, WON says, if you can have one winner out of three purchases. That is if you've followed the rules (especially relating to the Market) and you don't yield to your emotions. If that's true, when the market is ailing as it is, doesn't it stand to reason that your odds of picking a true winner are really stacked against you? If three out of four stocks follow the market, you do the math. It's not pretty. I find it very interesting that we CANSLIMers often quote WON chapter and verse, but when something as important as the market goes awry, some of us just stand around and chew on the corners. Asking questions like, "Why did TASR tank today?" is, no offense intended, utter evidence of corner chewing. Dimitri, you're not coming up with "hits" because a) the database your screening is broken, or b) right now, there aren't any. And when it comes to RS, heed Katherine's words: If the market is going south, a decent RS could mean whatever stock you're looking at is going south, too, just not as fast as the market. Each weekend, I like to provoke some conversation, but this weekend I'm refraining (or did I just do it?). Instead, I've decided to shut up about the market. I've taken far too much of this valuable space on the subject. Happy Hunting... Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Dimitri Katsaros Sent: Friday, April 26, 2002 4:29 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] How are you choosing your stocks? As in, the fact that I am not getting any hits is indicative of a bear market? Or I am getting way too obsessive over rules to come up with hits? :-) Dimitri - --- Duke Miller wrote: > Or maybe you should be doing what WON (and I) is > (are) doing. Relaxing > altogether. > > Duke ===== Quiquid latine dictum sit altum viditur __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.yahoo.com/ - - - -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. ------------------------------ Date: Fri, 26 Apr 2002 17:22:16 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] How are you choosing your stocks? Fred: What I meant was with regard to clicking the "buy" button. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Fred Richards Sent: Friday, April 26, 2002 5:08 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] How are you choosing your stocks? Duke, Now that is a concept that WON is not familiar with . . . Relaxing, heck, he doesn't know what the word means. He's been a workaholic all his life so why should he stop now? FFR - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Friday, April 26, 2002 3:15 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] How are you choosing your stocks? Or maybe you should be doing what WON (and I) is (are) doing. Relaxing altogether. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Harvey Brion Sent: Friday, April 26, 2002 12:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] How are you choosing your stocks? Your answered your own question, Dimitri. In your first post, you set all the parameters at WON's minimums and you didn't get ANY candidates. I've gone through this exercise myself. When this happens you have to relax SOME of the minimums until you get some candidates to look at further. I think Katherine is suggesting that you relax SEVERAL of the minimums. Then you may find a candidate that looks better overall than one that meets just one or two relaxed minimums. Look for trends (rising RS, GRS) and use your judgment to select the few BEST candidates to watch for breakouts. You develop minimums for a meaningful screen through personal experience. There's no one right answer for every person and for every phase of the market. As has been said here many times, CANSLIM provides guidelines and it's a personal choice how you use them. Some prefer to stick to the "letter of the law" and miss some otherwise good candidates along the way. -Harvey Dimitri Katsaros wrote: > Hey Katherine, > > You state many good points. So then, as a "scout" for potential > stocks, one must still have minimums (which is what I thought WON was > stating, my mistake). How then does one develop minimums so that a > meaningful screen can be created (or can one?) > > Thank you > Dimitri > > --- Katherine Malm wrote: > > Hi Dimitri, > > > > The contradiction *is* the point. Think of it this > > way. Let's say that you are a scout for a > > professional sports team and someone has given you > > the following statistic: > > > > The average height of world class professional > > athletes is 5'7" > > > > Let's say that as a result of that statistic that > > you refuse to look at any athlete who is less than > > 5'7." What does that mean? You have taken an average > > and turned it into a minimum. > > > > Here's another example. Let's say that somebody > > tells you that the batting average of professional > > baseball players is 700 and that as a result you > > refuse to look at any baseball player who has an > > average of less than 700. You would say, of course > > that's silly, because if I'm scouting for a team, > > I'm looking for an athlete who has a well rounded > > set of skills and/or has a set of skills that adds > > value to the team as a whole. You may, as a result > > of past studies determine that a baseball player who > > has a batting average of less than 200 is > > unacceptable, but you would not refuse to look at > > them if they had all the requisite skills and a > > batting average of 650. > > > > The point is that you have to look at the > > preponderance of evidence for the stock and not > > build your screens so tightly that you eliminate > > excellent candidates just because they meet some > > arbitrary minimum cut offs that are based on > > *averages* for past winning stocks. > > > > Katherine > > ----- Original Message ----- > > From: Dimitri Katsaros > > To: canslim@lists.xmission.com > > Sent: Friday, April 26, 2002 12:02 AM > > Subject: Re: [CANSLIM] How are you choosing your > > stocks? > > > > > > Katherine, > > > > This seems quite contradictory... if one cannot > > sort > > according to the recommended minimums, then what > > is > > the point of stating them and... what is the value > > of > > the Daily Graphs Custom Screen Wizard? > > > > Just learning as I go > > Dimitri Katsaros > > > > ===== > Quiquid latine dictum sit altum viditur > > __________________________________________________ > Do You Yahoo!? > Yahoo! Games - play chess, backgammon, pool and more > http://games.yahoo.com/ > > - > -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. ------------------------------ Date: 26 Apr 2002 14:31:09 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] How are you choosing your stocks? I took a big ol' dump today, sold AAII for an 8% loss after months in a flat base and SYPR for no gain after being up 20%. TUES still going strong but I have been sitting on my cash for a week now and see no reason to start buying again. Out of NOBL early in the week. At 04:08 PM 4/26/2002 -0500, you wrote: >Duke, > >Now that is a concept that WON is not familiar with . . . Relaxing, heck, he >doesn't know what the word means. He's been a workaholic all his life so why >should he stop now? > >FFR Tim Fisher Ore-ROCK-On Rockhounding Web Site Owner, Fisher Fisheries, Ltd. mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - -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: Fri, 26 Apr 2002 15:24:53 -0700 (PDT) From: Simon Yang Subject: Re: [CANSLIM] TASR - --0-1769684187-1019859893=:41301 Content-Type: text/plain; charset=us-ascii Here is the beauty of teachnicals, we take it on face value since we may or may not know its answer later. By the way, everyone see big declines of major indexes. Simon, simoninvestments.net Steve F wrote: Any reason for TASR to be taking this big hit today? __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - --------------------------------- Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more - --0-1769684187-1019859893=:41301 Content-Type: text/html; charset=us-ascii

Here is the beauty of teachnicals, we take it on face value since we may or may not know its answer later. By the way, everyone see big declines of major indexes.

Simon, simoninvestments.net

Steve F <stevepdv@yahoo.com> wrote:

Any reason for TASR to be taking this big hit today?

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Do You Yahoo!?
Yahoo! Games - play chess, backgammon, pool and more - --0-1769684187-1019859893=:41301-- - - - -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: Fri, 26 Apr 2002 16:57:57 -0700 (PDT) From: Bill Wasson Subject: Re: [CANSLIM] How are you choosing your stocks? all comments will be welcomed about use of the IBD Table "Where The Big Money's Flowing Now" ...... do you feel the table's displayed stocks are biased to short term trades? ************************************************** - --- Katherine Malm wrote: > Dimitiri, > > Here is something I recently put together on my > interpretation of RS, group RS and EPS rankings. > > Interpretation of RS in CANSLIM > > > > CANSLIM focuses on strength, but it's *relative* > strength and in most cases *increasing* strength > that is most important. Also, technical strength > will outweigh historical fundamental rankings in > almost all cases, meaning that RS and A/D carry more > importance than EPS or SMR (that's my personal > assessment). With respect to industries, again, the > idea is subtle, but *rising* strength is key and in > my mind will outweigh the absolute group strength > ranking. > > > > On RS---from HTMMIS: > > p. 35-- "If the stock's relative price strength, on > a scale from 1 to 99, is below 70, it's lagging the > better performing stocks in the overall market." > > p. 175-- "You buy stocks that are performing > relatively stronger than the general market just as > they are beginning to emerge from a sound > base-building period." > > HTMMIS: confine most of your buying to RS>=80... > > IBD's 20 Rules to Investment Success: buy when > RS>=85 > > > > My interpretation: Stocks with RS>=70 are *not* > laggards. If RS is rising and >=70, then it is > increasing in strength and *beginning* to > outperform. Most of what you buy will likely have a > high RS when you buy it. But good stocks will often > break out when RS is a bit lower. The absolute > number is not as important as the *direction* of the > RS and the location of the RS *relative* to the > stock's RS earlier in its base. Also, if you > immediately filter out all stocks with RS<80 or 85, > you will not be watching them early enough to > perform due diligence and stalk the trade. My > approach focuses on stocks as they begin to > outperform so that you can catch them early enough > to perform due diligence and then wait for them to > set up technically. > > > > > > Overall conclusions: > > --Minimum acceptable RS if you are to consider a > stock as a potential buy candidate: >=60 and > *rising* > > --Minimum acceptable RS at the time of the buy >=70 > (otherwise it's considered a laggard and violates > the "L" in CANSLIM) > > --When looking at a stock's chart, look at the RS > while the base is forming. If the RS is not making > new highs relative to where it was earlier in the > chart, trouble is brewing because the stock is > beginning to lag the market, even though price is > rising. > > --A high RS ranking is sometimes misleading if > considered in isolation. A stock can have a high RS > if it is going down less than the overall market, > but the stock itself may be weak. A stock that has > already broken out and is making its ascent will > have a high RS. While that is a healthy sign, it is > not necessarily useful in finding new stocks that > are currently basing and therefore setting up to > break out. > > --All other things being equal, the stock with the > higher RS would be ranked higher if you were trying > to choose between 2 candidates. In other words, once > a minimum acceptable RS is met and the pattern of RS > is acceptable, the absolute value of the RS is more > useful as a *sorting* tool than a *filtering/mining* > tool. > > > > ======== > > > > I pulled some articles that help identify > "exceptions to absolute value of rankings" > > > > > > Investor's Corner Articles: > > ***11/14/01 "Not All Big Winners Hold Top > Ratings"--"[W]hat about stocks that break out and > have an EPS in the 70s? If everything else is in > place, don't dismiss them. If you don't you might > miss the next big stock winner." > > > > ***2/14/02 "Let Market Leaders Govern Your Buys"-- > "If the group is among the top 50 or is rising > quickly up the ranks, it will more likely become a > leader in a good market." (italics are mine) > > > > 2/19/02 "Great Stocks Aren't Always Flawless"--"How > many stocks run through that checklist flawlessly? > Not many. ... If the base is solid, it can still > become a winner." > > > > 3/11/02 "Stay on Top of Top Industries"-- " Watch > for groups making big moves up the charts." > > > > 1/15/02 "Not All Stocks First Hit All Time Highs" > --discusses turnaround stocks > > > > 8/31/01 "Market Washout Paves Way for New Bases"-- > resetting the base count after big corrections > > > > 7/3/00 "Investing Requires More Than Top > Ratings"--"Ratings don't tell you where a stock is > in its price cycle, let alone the market...Ignoring > charts could leave you buying a quality stock that's > ripe for a sell off." This is the very reason that I > don't mine for candidates with high EPS/RS rankings. > You are more likely to find those getting ready to > top, while ignoring those that are setting up and > building strength. > > > > 1/9/02 "Best Stocks Have High Price > Strength"--Discusses RS in general. Interestingly, > shows stocks at breakout where RS is high, but EPS > is low. More evidence that mining based on high EPS > to the exclusion of lower EPS's will often miss good > breakout candidates. > > > > 1/7/02 "How to Use Moving Averages Wisely"-- Good > discussion of the use of 50 and 200 day moving > averages. > > > > 2/4/02 "A New View of Truly Active > Stocks"--Discusses changes in the identification of > active stocks in the IBD. Interestingly, they > lowered both EPS and RS requirements for coverage > to.... EPS and RS >=70. This supports the HTMMIS > text from above. Also interesting, forward growth > estimates required for coverage? 15%. > > > > 3/28/02 "Web Site Teaches You the Ropes"--Nice chart > that identifies which concepts are covered in each > of the IBD Learning Center articles. > > > > Excerpted from the IBD Weblink (Italics are mine) > > ITT Educational Services, 4/17/02 > > Before Tuesday's big move, ITT's Relative Price > Strength Rating was a relatively tame 76. If you > only look at stocks with IBD ratings of 80 or > higher, then you're more likely to miss out on great > stocks that had formed long bases before leaping to > new highs. A 76 is perfectly acceptable if a stock's > other === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Health - your guide to health and wellness http://health.yahoo.com - - - -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 #2364 ****************************** 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.