From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2409 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 Wednesday, May 8 2002 Volume 02 : Number 2409 In this issue: Re: [CANSLIM] Curious in Florida [CANSLIM] Still reading and learning... RE: [CANSLIM] CANSLIM Evaluator Updates Re: [CANSLIM] Still reading and learning... Re: [CANSLIM] Curious in Florida Re: [CANSLIM] Curious in Florida Re: [CANSLIM] CANSLIM Evaluator Updates Re: [CANSLIM] Curious in Florida - FTD - slow learner Re: [CANSLIM] Curious in Florida - FTD - slow learner ---------------------------------------------------------------------- Date: Wed, 8 May 2002 21:29:22 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] Curious in Florida - --part1_aa.b3e8a32.2a0b2af2_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, personally I wouldn't touch the techs stocks, they might start the rally but I believe other industries will continue the rally as the techs fall back. There are no new driving forces to lead the tech industry and there is too much competition. But then again I wouldn't buy the dot coms until they had some real earnings and away they flew. Chris. - --part1_aa.b3e8a32.2a0b2af2_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, personally I wouldn't touch the techs stocks, they might start the rally but I believe other industries will continue the rally as the techs fall back. There are no new driving forces to lead the tech industry and there is too much competition. But then again I wouldn't buy the dot coms until they had some real earnings and away they flew.

Chris. - --part1_aa.b3e8a32.2a0b2af2_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: Wed, 8 May 2002 21:53:36 -0400 From: "Parnelli" Subject: [CANSLIM] Still reading and learning... This is a multi-part message in MIME format. - ------=_NextPart_000_0066_01C1F6DA.CDF9FB20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi group, Hope all enjoyed this day. I like most, had quality stocks that didn't = participate too well in the rally today. Our day will come! Question, Is there a way to get a list of top CANSLIM stocks from a = particular industry group? For example, if gaming stocks are rated = high, can I click on a magical screen that can show me 90 90 A A A = stocks in that sector. I don't see anything on investors.com that will = do this. Many thanks, Parnelli - ------=_NextPart_000_0066_01C1F6DA.CDF9FB20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi group,
 
Hope all enjoyed this day.  I like most, had = quality=20 stocks that didn't participate too well in the rally today.  Our = day will=20 come!
 
Question, Is there a way to get a list of top = CANSLIM stocks=20 from a particular industry group?  For example, if gaming stocks = are rated=20 high, can I click on a magical screen that can show me 90 90 A A A = stocks in=20 that sector.  I don't see anything on investors.com that will do=20 this.
 
Many thanks,
 
Parnelli
 
- ------=_NextPart_000_0066_01C1F6DA.CDF9FB20-- - - - -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: Wed, 8 May 2002 16:22:42 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] CANSLIM Evaluator Updates There was a bug for Netscape 4.7 users which I've now fixed. Thanks to Phil Neal for pointing it out to me. As a general rule, I don't recommend NS 4.7 as its javascript implementation is very buggy. Netscape 6.2 is much better or IE 6.0 (with latest security updates!). Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of DBell0467@aol.com Sent: Wednesday, May 08, 2002 6:42 AM To: canslim@lists.xmission.com Subject: Re: RE: [CANSLIM] CANSLIM Evaluator Updates Whenever i receive a url address error i shorten the address. Ex. remove canslim from the address. Arthur - - - -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: Wed, 8 May 2002 23:27:45 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] Still reading and learning... - --part1_3a.2683a009.2a0b46b1_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Parnelli: Daily Graphs publishes about 2800 stocks as of the close each Friday which can be sorted by Industry Group, then downloaded to Excell. By using filters you may identify the top performers in each Industry group. I don't believe you can do this through Investors.com. I have the download from last week and will be happy to send it you if you wish to contact me direct. Chazmoore@aol.com - --part1_3a.2683a009.2a0b46b1_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Parnelli:
Daily Graphs publishes about 2800 stocks as of the close each Friday which can be sorted by Industry Group, then downloaded to Excell. By using filters you may identify the top performers in each Industry group.
I don't believe you can do this through Investors.com.

I have the download from last week and will be happy to send it you if you wish to contact me direct.
Chazmoore@aol.com - --part1_3a.2683a009.2a0b46b1_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: Wed, 08 May 2002 20:56:35 -0700 From: Ian Subject: Re: [CANSLIM] Curious in Florida This is a multi-part message in MIME format. - --Boundary_(ID_HolhTv91EljWbcFiZmh40A) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT "The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small" As far as I can tell, todays 'shift' was into the most heavily shorted issues. For the past 2 years, that kind of manic squeezing hasn't been indicative of any solid long-term trends. It sure looked like it had legs today though - I suspect that too many shorts at this stage in the game can provide more fuel for a while. These kind of gyrations sure seem to make CANSLIM investing more difficult. Ian ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Wednesday, May 08, 2002 5:59 PM Subject: Re: [CANSLIM] Curious in Florida Chris, my impression today was that my biggest gainers were mostly the ones that have held up well over the past few weeks (EPIQ being one example, up 5.5%). My worst performers were ones, for the most part, that were weak in recent weeks. But my biggest gainer today was OVRL, up over 31%, despite its recent weakness. My VR Fund was up 3.5%, my IT stocks, comprising 74%, was up 4.9%, so clearly today was a move back to technology. The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small (CSCO gained 24% today on its first positive year to year quarter in over a year). Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, May 08, 2002 6:44 PM Subject: Re: [CANSLIM] Curious in Florida Sometimes we who are close to the market look too deep in what forces are behind a trend change. In actuality, when the masses go home after work and hear about this nice rally some will want to jump on the train, which can keep the momentum going. Bottom line, have a good list of stocks to watch, and be ready to buy when a market turn is confirmed. As always buy the quality, even if they did not participate in today's rally they will come around, break out and surpass most others. Personally I am 100% invested in stocks and was up only 1% today, yes a little disappointed, but am glad to be up over 30% so far this year and look forward to the market turning. Enjoy, Chris - --Boundary_(ID_HolhTv91EljWbcFiZmh40A) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
"The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small"
 
As far as I can tell, todays 'shift' was into the most heavily shorted issues. For the past 2 years, that kind of manic squeezing hasn't been indicative of any solid long-term trends. It sure looked like it had legs today though - I suspect that too many shorts at this stage in the game can provide more fuel for a while.
 
These kind of gyrations sure seem to make CANSLIM investing more difficult.
 
Ian
 
 
----- Original Message -----
From: Tom Worley
Sent: Wednesday, May 08, 2002 5:59 PM
Subject: Re: [CANSLIM] Curious in Florida

Chris, my impression today was that my biggest gainers were mostly the ones that have held up well over the past few weeks (EPIQ being one example, up 5.5%). My worst performers were ones, for the most part, that were weak in recent weeks. But my biggest gainer today was OVRL, up over 31%, despite its recent weakness.
 
My VR Fund was up 3.5%, my IT stocks, comprising 74%, was up 4.9%, so clearly today was a move back to technology.
 
The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small (CSCO gained 24% today on its first positive year to year quarter in over a year).
 
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
----- Original Message -----
Sent: Wednesday, May 08, 2002 6:44 PM
Subject: Re: [CANSLIM] Curious in Florida

Sometimes we who are close to the market look too deep in what forces are behind a trend change. In actuality, when the masses go home after work and hear about this nice rally some will want to jump on the train, which can keep the momentum going. Bottom line, have a good list of stocks to watch, and be ready to buy when a market turn is confirmed. As always buy the quality, even if they did not participate in today's rally they will come around, break out and surpass most others. Personally I am 100% invested in stocks and was up only 1% today, yes a little disappointed, but am glad to be up over 30% so far this year and look forward to the market turning.


Enjoy,  Chris
- --Boundary_(ID_HolhTv91EljWbcFiZmh40A)-- - - - -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: Wed, 8 May 2002 22:35:17 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Curious in Florida This is a multi-part message in MIME format. - ------=_NextPart_000_023F_01C1F6E0.A0DF9900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHi Duke, Yes....we'd look for a follow through day (FTD) on the 4th through 7th = day (5/14 to 5/17) after today's rally. Technically, a FTD on any one = major index will do, though plurality adds further confirmation. I still = give greater weight to the action of individual stocks in the CANLSIM = universe. That is, if the stocks are acting right and the FTD is only on = 1%+, I count that as valid. For anybody interested, there's an excellent summary of the FTD = definition at Bill Lee's site: http://www.market-tester.com/newft.htm Katherine ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 08, 2002 4:04 PM Subject: RE: [CANSLIM] Curious in Florida Thanks, Katherine. As usual, you thread the ol' needle for us quite = nicely. Correct me if I'm wrong, but following today's big run, we now look = for a 2% rise on above average volume to declare an "Official" market = turn upward. Right? Duke - ------=_NextPart_000_023F_01C1F6E0.A0DF9900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Hi Duke,
 
Yes....we'd look for a follow through day (FTD) on the 4th through=20 7th day (5/14 to 5/17) after today's rally. Technically, a FTD = on any=20 one major index will do, though plurality adds further confirmation. I = still=20 give greater weight to the action of individual stocks in the CANLSIM = universe.=20 That is, if the stocks are acting right and the FTD is only on 1%+, I = count that=20 as valid.
 
For anybody interested, there's an excellent summary of the FTD = definition=20 at Bill Lee's site:
http://www.market-tester.= com/newft.htm
 
Katherine
----- Original Message -----
From:=20 Duke=20 Miller
To: canslim@lists.xmission.com=
Sent: Wednesday, May 08, 2002 = 4:04=20 PM
Subject: RE: [CANSLIM] Curious = in=20 Florida

Thanks, = Katherine. =20 As usual, you thread the ol' needle for us quite = nicely.
 
Correct me if = I'm wrong,=20 but following today's big run, we now look for a 2% rise on above = average=20 volume to declare an "Official" market turn upward. =20 Right?
 
Duke
- ------=_NextPart_000_023F_01C1F6E0.A0DF9900-- - - - -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: Wed, 08 May 2002 20:50:20 -0700 From: DanC Subject: Re: [CANSLIM] CANSLIM Evaluator Updates It works now! Thanks Dan Mike Gibbons wrote: > There was a bug for Netscape 4.7 users which I've now fixed. > > Thanks to Phil Neal for pointing it out to me. > > As a general rule, I don't recommend NS 4.7 as its javascript implementation > is very buggy. Netscape 6.2 is much better or IE 6.0 (with latest security > updates!). > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of DBell0467@aol.com > Sent: Wednesday, May 08, 2002 6:42 AM > To: canslim@lists.xmission.com > Subject: Re: RE: [CANSLIM] CANSLIM Evaluator Updates > > Whenever i receive a url address error i shorten the address. > Ex. remove canslim from the address. > > Arthur > > - > -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: Wed, 8 May 2002 22:24:52 -0600 From: "rolf hertenstein" Subject: Re: [CANSLIM] Curious in Florida - FTD - slow learner This is a multi-part message in MIME format. - ------=_NextPart_000_0343_01C1F6DF.2C1E2EC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageFor my edification, today was *not* an FTD because of Monday's = weak action on various indices (intraday lows below that of the previous beginning = uptrend starting Tues, 4/30). =20 So, hypothetically, if Monday 5/6 had only been down only a small amount (rather than the -1.8 to -2.1% we saw on the DOW, NASD NYSE, S&P, = RUS2000) today would have made for an FTD. Since Monday 5/6 *was* down substantially, the counter starts with = today's new uptrend. Right? Rolf ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 08, 2002 7:01 PM Subject: Re: [CANSLIM] Curious in Florida Duke, add to that we are looking for the FTD (not the florist, Follow = Thru Day) to arrive on the 4th to 10th day. I take that as next no = earlier than next Tuesday counts, and must happen by Wednesday of the = following week. If we get a follow thru rally tomorrow, it doesn't = count. Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 08, 2002 5:04 PM Subject: RE: [CANSLIM] Curious in Florida Thanks, Katherine. As usual, you thread the ol' needle for us quite = nicely. Correct me if I'm wrong, but following today's big run, we now look = for a 2% rise on above average volume to declare an "Official" market = turn upward. Right? Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Wednesday, May 08, 2002 11:48 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Curious in Florida Hi Duke, I agree with you. Under all circumstances, stocks that outperform = are likely to continue to outperform...UNLESS....they are technically = topping. So, while the market is tanking in general, stocks that are = outperforming might be either consolidating or rising. The only thing = that I would disagree on is that 9/11 or no, you need a healthy = technical pattern and proper entry (breakout or pullback) to enter. I = look for stocks/groups that are technically strong, then just use = fundamentals as a sorting criteria. I just don't think after a Bear = market and economic recession that you're more likely to find = fundamental turnarounds and/or fundamentals that stayed mildly strong = rather than a bevy of stocks with hugely accelerating fundamentals. The = stocks that are going to do well are the ones that were cleaning up = their proverbial act during economic hard times and/or were able to stay = strong fundamentally during hard times. That, combined with technical = strength leads the way. With that in mind, I just weigh the fundamentals = to help sort the list of strong stocks, rather than eliminating all = stocks that don't meet each and every "average for big winners" numbers = from WON. Katherine PS....I'd also look for strong stocks in industries with GRS>=3D60 = or 70. That means you'll also catch groups with *rising* technical = strength. The problem with sticking with the top 40 industries is that = it doesn't identify up and comers and tends to mask (filter out) strong = stocks that are leading the industry up. By the time the stock *gets* to = the top, most of the leaders are extended. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Wednesday, May 08, 2002 10:01 AM Subject: [CANSLIM] Curious in Florida Good morning all: Since most of you know how I feel about present market = environment, you'll be glad to know this isn't about that. It's about = AFTER "that!" I'll explain: Each day, I download the Excel version of the Daily Screen from = IBD. Then I "play" with it for awhile. I sort various aspects to my = personal preferences: Industry Group Rank (eliminating all above 40); = SMR (eliminating all at C or worse); and so forth. Then I may sort them = by other factors--combined RS & EPS Ratings or Index of Current PE vs. = Projected--to arrive at a another cutoff point. After all that, I put = the remnants into a portfolio with that day's price. Then I follow the = action. =20 What I'm seeing is an amalgam of stocks, the majority of which = keep re-appearing in my final cuts. Some, more than I care to mention, = I was shaken out of earlier this year before going to all cash; some, = more than I care to mention, I wish I'd jumped on. They're the ones = that when I should have jumped on them (I don't have 20-20 hindsight = like IBD does) the right criteria weren't present (usually the darn = charts). But the fact remains, many of the same symbols are there. And = they aren't going away!=20 Further, on May 6, a truly awful day on all three of the big = indexes, I reviewed my Daily Screens portfolios to see which stocks = suffered the least. The list read like a who's-who of my Daily Screens = Portfolios. =20 So, here's my question: If these same names are hanging around = like they are, day in and day out for several months now, both on my = sorted screens and in IBD editorial, does it stand to reason that when = the market turns, these stocks that have exhibited such strength in a = bad market should be the BIG winners when M starts to head North? I, like all of you, hear over and over again that we should be = watching for stocks forming good bases at this time, blah, blah, blah. = But it's my opinion 9/11 created one crazy environment for the markets = and a lot of stocks we're seeing making big gains these days are NOT = conforming to the teachings of WON. While composing this, I put these = stocks to one more test. The Canslim Evaluator. I found it interesting = that while all these stocks are floating on the top, the average score = is an unimpressive 6.2 out of 10. In fact, only one was 8 or better: = UOPX at 8. (FYI: Yes, there are 11 criteria on the Evaluator, but I = throw out N--the fact a stock appears within the past 7 days on a Watch = List is immaterial for ranking purposes, IMHO.) Your opinions will be highly valued. Thank you. Duke Everybody should believe in something - I believe I'll have = another glass of great wine! - ------=_NextPart_000_0343_01C1F6DF.2C1E2EC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
For my edification, today was *not* an = FTD because=20 of Monday's weak action
on various indices (intraday lows below = that of the=20 previous beginning uptrend
starting Tues, 4/30).  =
 
So, hypothetically, if Monday 5/6 had = only been=20 down only a small amount
(rather than the -1.8 to -2.1% we saw = on the DOW,=20 NASD NYSE, S&P, RUS2000)
today would have made for = an FTD.
 
Since Monday 5/6 *was* down = substantially, the=20 counter starts with today's new
uptrend.
 
Right?
 
 Rolf
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=
Sent: Wednesday, May 08, 2002 = 7:01=20 PM
Subject: Re: [CANSLIM] Curious = in=20 Florida

Duke, add to that we are looking for the FTD = (not the=20 florist, Follow Thru Day) to arrive on the 4th to 10th day. I take = that as=20 next no earlier than next Tuesday counts, and must happen by Wednesday = of the=20 following week. If we get a follow thru rally tomorrow, it doesn't=20 count.
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Duke=20 Miller
Sent: Wednesday, May 08, 2002 5:04 PM
Subject: RE: [CANSLIM] Curious in Florida

Thanks, = Katherine. =20 As usual, you thread the ol' needle for us quite = nicely.
 
Correct me if = I'm wrong,=20 but following today's big run, we now look for a 2% rise on above = average=20 volume to declare an "Official" market turn upward. =20 Right?
 
Duke
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Katherine=20 Malm
Sent: Wednesday, May 08, 2002 11:48 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Curious = in=20 Florida

Hi Duke,
 
I agree with you. Under all circumstances, stocks that = outperform are=20 likely to continue to outperform...UNLESS....they are technically = topping.=20 So, while the market is tanking in general, stocks that are = outperforming=20 might be either consolidating or rising. The only thing that I would = disagree on is that 9/11 or no, you need a healthy technical pattern = and=20 proper entry (breakout or pullback) to enter. I look for = stocks/groups that=20 are technically strong, then just use fundamentals as a sorting = criteria. I=20 just don't think after a Bear market and economic  recession = that=20 you're more likely to find fundamental turnarounds and/or = fundamentals that=20 stayed mildly strong rather than a bevy of stocks with hugely = accelerating=20 fundamentals. The stocks that are going to do well are the ones that = were=20 cleaning up their proverbial act during economic hard times and/or = were able=20 to stay strong fundamentally during hard times. That, combined with=20 technical strength leads the way. With that in mind, I just weigh = the=20 fundamentals to help sort the list of strong stocks, rather than = eliminating=20 all stocks that don't meet each and every "average for big winners" = numbers=20 from WON.
 
Katherine
 
PS....I'd also look for strong stocks in industries with = GRS>=3D60 or=20 70. That means you'll also catch groups with *rising* technical = strength.=20 The problem with sticking with the top 40 industries is that it = doesn't=20 identify up and comers and tends to mask (filter out) strong stocks = that are=20 leading the industry up. By the time the stock *gets* to the top, = most of=20 the leaders are extended.
 
----- Original Message ----- =
From:=20 Duke Miller
To: CANSLIM
Sent: Wednesday, May 08, = 2002 10:01=20 AM
Subject: [CANSLIM] Curious = in=20 Florida

Good = morning=20 all:
 
Since = most of=20 you know how I feel about present market environment, you'll = be glad=20 to know this isn't about that.  It's about AFTER = "that!" =20 I'll explain:
 
Each day, = I download=20 the Excel version of the Daily Screen from IBD.  Then = I "play"=20 with it for awhile.  I sort various aspects to my = personal=20 preferences: Industry Group Rank (eliminating all above 40); = SMR=20 (eliminating all at C or worse); and so forth.  Then I may = sort them=20 by other factors--combined RS & EPS Ratings or Index of = Current PE vs.=20 Projected--to arrive at a  another cutoff = point. =20 After all=20 that, I put the remnants into a portfolio with that day's = price. =20 Then I follow the action. 
 
What I'm = seeing is an=20 amalgam of stocks, the majority of which keep re-appearing in = my=20 final cuts.  Some, more than I care to mention, I was shaken = out of=20 earlier this year before going to all cash; some, more than I care = to=20 mention, I wish I'd jumped on.  They're the ones that = when I=20 should have jumped on them (I don't have 20-20 hindsight like IBD = does)=20 the right criteria weren't present (usually the darn = charts).  But=20 the fact remains, many of the same symbols are there.  And = they=20 aren't going away!
 
Further, = on May 6, a=20 truly awful day on all three of the big indexes, I reviewed my = Daily=20 Screens portfolios to see which stocks suffered the = least.  The=20 list read like a who's-who of my Daily Screens Portfolios. =20
 
So, = here's my = question:  If=20 these same names are hanging around like they are, day in and day = out for=20 several months now, both on my sorted screens and in IBD = editorial, does=20 it stand to reason that when the market turns, these stocks that = have=20 exhibited such strength in a bad market should be the BIG winners = when M=20 starts to head North?
 
I, like = all of you,=20 hear over and over again that we should be watching for stocks = forming=20 good bases at this time, blah, blah, blah.  But it's my = opinion 9/11=20 created one crazy environment for the markets and a lot of stocks = we're=20 seeing making big gains these days are NOT conforming to the = teachings of=20 WON.  While composing this, I put these stocks = to one more=20 test.  The Canslim Evaluator.  I found it interesting = that while=20 all these stocks are floating on the top, the average score is an=20 unimpressive 6.2 out of 10.  In fact, only one was 8 or = better: =20 UOPX at 8.  (FYI:  Yes, there are 11 criteria on the = Evaluator,=20 but I throw out N--the fact a stock appears within the past 7 days = on a=20 Watch List is immaterial for ranking purposes, = IMHO.)
 
Your = opinions will be=20 highly valued.  Thank you.
 
Duke
 
Everybody should=20 believe in something - I believe I'll have another glass of great=20 wine!
 
- ------=_NextPart_000_0343_01C1F6DF.2C1E2EC0-- - - - -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: Wed, 8 May 2002 22:56:12 -0700 From: "Mike Lucero" Subject: Re: [CANSLIM] Curious in Florida - FTD - slow learner This is a multi-part message in MIME format. - ------=_NextPart_000_0181_01C1F6E3.8CC786A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI think you're right. - ----- Original Message -----=20 From: rolf hertenstein=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 08, 2002 9:24 PM Subject: Re: [CANSLIM] Curious in Florida - FTD - slow learner For my edification, today was *not* an FTD because of Monday's weak = action on various indices (intraday lows below that of the previous beginning = uptrend starting Tues, 4/30). =20 =20 So, hypothetically, if Monday 5/6 had only been down only a small amount (rather than the -1.8 to -2.1% we saw on the DOW, NASD NYSE, S&P, = RUS2000) today would have made for an FTD. =20 Since Monday 5/6 *was* down substantially, the counter starts with = today's new uptrend. =20 Right? =20 Rolf ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 08, 2002 7:01 PM Subject: Re: [CANSLIM] Curious in Florida Duke, add to that we are looking for the FTD (not the florist, Follow = Thru Day) to arrive on the 4th to 10th day. I take that as next no = earlier than next Tuesday counts, and must happen by Wednesday of the = following week. If we get a follow thru rally tomorrow, it doesn't = count. Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 08, 2002 5:04 PM Subject: RE: [CANSLIM] Curious in Florida Thanks, Katherine. As usual, you thread the ol' needle for us quite = nicely. =20 Correct me if I'm wrong, but following today's big run, we now look = for a 2% rise on above average volume to declare an "Official" market = turn upward. Right? =20 Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Wednesday, May 08, 2002 11:48 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Curious in Florida Hi Duke, I agree with you. Under all circumstances, stocks that outperform = are likely to continue to outperform...UNLESS....they are technically = topping. So, while the market is tanking in general, stocks that are = outperforming might be either consolidating or rising. The only thing = that I would disagree on is that 9/11 or no, you need a healthy = technical pattern and proper entry (breakout or pullback) to enter. I = look for stocks/groups that are technically strong, then just use = fundamentals as a sorting criteria. I just don't think after a Bear = market and economic recession that you're more likely to find = fundamental turnarounds and/or fundamentals that stayed mildly strong = rather than a bevy of stocks with hugely accelerating fundamentals. The = stocks that are going to do well are the ones that were cleaning up = their proverbial act during economic hard times and/or were able to stay = strong fundamentally during hard times. That, combined with technical = strength leads the way. With that in mind, I just weigh the fundamentals = to help sort the list of strong stocks, rather than eliminating all = stocks that don't meet each and every "average for big winners" numbers = from WON. Katherine PS....I'd also look for strong stocks in industries with GRS>=3D60 = or 70. That means you'll also catch groups with *rising* technical = strength. The problem with sticking with the top 40 industries is that = it doesn't identify up and comers and tends to mask (filter out) strong = stocks that are leading the industry up. By the time the stock *gets* to = the top, most of the leaders are extended. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Wednesday, May 08, 2002 10:01 AM Subject: [CANSLIM] Curious in Florida Good morning all: =20 Since most of you know how I feel about present market = environment, you'll be glad to know this isn't about that. It's about = AFTER "that!" I'll explain: =20 Each day, I download the Excel version of the Daily Screen from = IBD. Then I "play" with it for awhile. I sort various aspects to my = personal preferences: Industry Group Rank (eliminating all above 40); = SMR (eliminating all at C or worse); and so forth. Then I may sort them = by other factors--combined RS & EPS Ratings or Index of Current PE vs. = Projected--to arrive at a another cutoff point. After all that, I put = the remnants into a portfolio with that day's price. Then I follow the = action. =20 =20 What I'm seeing is an amalgam of stocks, the majority of which = keep re-appearing in my final cuts. Some, more than I care to mention, = I was shaken out of earlier this year before going to all cash; some, = more than I care to mention, I wish I'd jumped on. They're the ones = that when I should have jumped on them (I don't have 20-20 hindsight = like IBD does) the right criteria weren't present (usually the darn = charts). But the fact remains, many of the same symbols are there. And = they aren't going away!=20 =20 Further, on May 6, a truly awful day on all three of the big = indexes, I reviewed my Daily Screens portfolios to see which stocks = suffered the least. The list read like a who's-who of my Daily Screens = Portfolios. =20 =20 So, here's my question: If these same names are hanging around = like they are, day in and day out for several months now, both on my = sorted screens and in IBD editorial, does it stand to reason that when = the market turns, these stocks that have exhibited such strength in a = bad market should be the BIG winners when M starts to head North? =20 I, like all of you, hear over and over again that we should be = watching for stocks forming good bases at this time, blah, blah, blah. = But it's my opinion 9/11 created one crazy environment for the markets = and a lot of stocks we're seeing making big gains these days are NOT = conforming to the teachings of WON. While composing this, I put these = stocks to one more test. The Canslim Evaluator. I found it interesting = that while all these stocks are floating on the top, the average score = is an unimpressive 6.2 out of 10. In fact, only one was 8 or better: = UOPX at 8. (FYI: Yes, there are 11 criteria on the Evaluator, but I = throw out N--the fact a stock appears within the past 7 days on a Watch = List is immaterial for ranking purposes, IMHO.) =20 Your opinions will be highly valued. Thank you. =20 Duke =20 Everybody should believe in something - I believe I'll have = another glass of great wine! =20 - ------=_NextPart_000_0181_01C1F6E3.8CC786A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I think you're right.
----- Original Message -----=20
From: rolf=20 hertenstein
To: canslim@lists.xmission.com
Sent: Wednesday, May 08, 2002 9:24 PM
Subject: Re: [CANSLIM] Curious in Florida - FTD - slow=20 learner

For my edification, today was *not* an = FTD because=20 of Monday's weak action
on various indices (intraday lows below = that of the=20 previous beginning uptrend
starting Tues, 4/30).  =
 
So, hypothetically, if Monday 5/6 had = only been=20 down only a small amount
(rather than the -1.8 to -2.1% we saw = on the DOW,=20 NASD NYSE, S&P, RUS2000)
today would have made for = an FTD.
 
Since Monday 5/6 *was* down = substantially, the=20 counter starts with today's new
uptrend.
 
Right?
 
 Rolf
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com =
Sent: Wednesday, May 08, 2002 = 7:01=20 PM
Subject: Re: [CANSLIM] Curious = in=20 Florida

Duke, add to that we are looking for the FTD = (not the=20 florist, Follow Thru Day) to arrive on the 4th to 10th day. I take = that as=20 next no earlier than next Tuesday counts, and must happen by Wednesday = of the=20 following week. If we get a follow thru rally tomorrow, it doesn't=20 count.
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Duke=20 Miller
Sent: Wednesday, May 08, 2002 5:04 PM
Subject: RE: [CANSLIM] Curious in Florida

Thanks, = Katherine. =20 As usual, you thread the ol' needle for us quite = nicely.
 
Correct me if = I'm wrong,=20 but following today's big run, we now look for a 2% rise on above = average=20 volume to declare an "Official" market turn upward. =20 Right?
 
Duke
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Katherine=20 Malm
Sent: Wednesday, May 08, 2002 11:48 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Curious = in=20 Florida

Hi Duke,
 
I agree with you. Under all circumstances, stocks that = outperform are=20 likely to continue to outperform...UNLESS....they are technically = topping.=20 So, while the market is tanking in general, stocks that are = outperforming=20 might be either consolidating or rising. The only thing that I would = disagree on is that 9/11 or no, you need a healthy technical pattern = and=20 proper entry (breakout or pullback) to enter. I look for = stocks/groups that=20 are technically strong, then just use fundamentals as a sorting = criteria. I=20 just don't think after a Bear market and economic  recession = that=20 you're more likely to find fundamental turnarounds and/or = fundamentals that=20 stayed mildly strong rather than a bevy of stocks with hugely = accelerating=20 fundamentals. The stocks that are going to do well are the ones that = were=20 cleaning up their proverbial act during economic hard times and/or = were able=20 to stay strong fundamentally during hard times. That, combined with=20 technical strength leads the way. With that in mind, I just weigh = the=20 fundamentals to help sort the list of strong stocks, rather than = eliminating=20 all stocks that don't meet each and every "average for big winners" = numbers=20 from WON.
 
Katherine
 
PS....I'd also look for strong stocks in industries with = GRS>=3D60 or=20 70. That means you'll also catch groups with *rising* technical = strength.=20 The problem with sticking with the top 40 industries is that it = doesn't=20 identify up and comers and tends to mask (filter out) strong stocks = that are=20 leading the industry up. By the time the stock *gets* to the top, = most of=20 the leaders are extended.
 
----- Original Message ----- =
From:=20 Duke Miller
To: CANSLIM
Sent: Wednesday, May 08, = 2002 10:01=20 AM
Subject: [CANSLIM] Curious = in=20 Florida

Good = morning=20 all:
 
Since = most of=20 you know how I feel about present market environment, you'll = be glad=20 to know this isn't about that.  It's about AFTER = "that!" =20 I'll explain:
 
Each day, = I download=20 the Excel version of the Daily Screen from IBD.  Then = I "play"=20 with it for awhile.  I sort various aspects to my = personal=20 preferences: Industry Group Rank (eliminating all above 40); = SMR=20 (eliminating all at C or worse); and so forth.  Then I may = sort them=20 by other factors--combined RS & EPS Ratings or Index of = Current PE vs.=20 Projected--to arrive at a  another cutoff = point. =20 After all=20 that, I put the remnants into a portfolio with that day's = price. =20 Then I follow the action. 
 
What I'm = seeing is an=20 amalgam of stocks, the majority of which keep re-appearing in = my=20 final cuts.  Some, more than I care to mention, I was shaken = out of=20 earlier this year before going to all cash; some, more than I care = to=20 mention, I wish I'd jumped on.  They're the ones that = when I=20 should have jumped on them (I don't have 20-20 hindsight like IBD = does)=20 the right criteria weren't present (usually the darn = charts).  But=20 the fact remains, many of the same symbols are there.  And = they=20 aren't going away!
 
Further, = on May 6, a=20 truly awful day on all three of the big indexes, I reviewed my = Daily=20 Screens portfolios to see which stocks suffered the = least.  The=20 list read like a who's-who of my Daily Screens Portfolios. =20
 
So, = here's my = question:  If=20 these same names are hanging around like they are, day in and day = out for=20 several months now, both on my sorted screens and in IBD = editorial, does=20 it stand to reason that when the market turns, these stocks that = have=20 exhibited such strength in a bad market should be the BIG winners = when M=20 starts to head North?
 
I, like = all of you,=20 hear over and over again that we should be watching for stocks = forming=20 good bases at this time, blah, blah, blah.  But it's my = opinion 9/11=20 created one crazy environment for the markets and a lot of stocks = we're=20 seeing making big gains these days are NOT conforming to the = teachings of=20 WON.  While composing this, I put these stocks = to one more=20 test.  The Canslim Evaluator.  I found it interesting = that while=20 all these stocks are floating on the top, the average score is an=20 unimpressive 6.2 out of 10.  In fact, only one was 8 or = better: =20 UOPX at 8.  (FYI:  Yes, there are 11 criteria on the = Evaluator,=20 but I throw out N--the fact a stock appears within the past 7 days = on a=20 Watch List is immaterial for ranking purposes, = IMHO.)
 
Your = opinions will be=20 highly valued.  Thank you.
 
Duke
 
Everybody should=20 believe in something - I believe I'll have another glass of great=20 wine!
 
- ------=_NextPart_000_0181_01C1F6E3.8CC786A0-- - - - -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 #2409 ****************************** 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.