Message

http://www.proactech.com

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Thursday, May 09, 2002 4:32 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] Curious in = Florida

Mike:

You=20 wrote:

>Wouldn't the fact that it's in a handle be an = additional=20 indicator that the stock is worth evaluating?=20

Absolutely.   And when I see that = it has=20 been on the list, I scramble to the chart. I'm not suggesting = you change=20 a thing in that regard.

It may = help if I=20 define exactly how I use the Evaluator. I, like many herein, run = screen=20 after screen each day mining potential winners. Before the = Evaluator=20 came along the majority of my time was spent culling the = losers--stocks that=20 are "outside" my CANSLIM model. It didn't take me long to = decide=20 that a rating of 7 or better keeps a stock on my list. = Under the=20 new ratings, I'm considering moving that to=20 6.8.

That being = the case,=20 whether or not the stock has made the watch list in the last 7 days is = not=20 significant. Might have been in the go-go days preceding the = market=20 we're in now, I don't know. (And with stocks building = seemingly=20 longer bases lately, maybe your criteria should be longer, like 7 = weeks. Doesn't WON say the handle should be 4 to 7 weeks in=20 duration? )

The = Evaluator provides=20 me the "snapshot" I need...to cull or not. And it saves me the = most=20 valuable commodity of all: = time.

Thanks = again for=20 making it available to us.

Duke

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mike Gibbons
Sent: Thursday, May 09, = 2002 5:00=20 AM
To: canslim@lists.xmission.com
Subject: RE: = [CANSLIM]=20 Curious in Florida

Hi=20 Duke,

re: (FYI: Yes, = there are 11=20 criteria on the Evaluator, but I throw out N--the fact a stock = appears=20 within the past 7 days on a Watch List is immaterial for ranking = purposes,=20 IMHO.)=20

Aloha,

Mike Gibbons
Proactive = Technologies,=20 LLC

http://www.proactech.com

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Wednesday, May 08, 2002 5:02 = AM
To:=20 CANSLIM
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_009D_01C1F728.6EEA83E0-- - - - -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: Thu, 9 May 2002 14:09:44 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Curious in Florida This is a multi-part message in MIME format. - ------=_NextPart_000_0007_01C1F763.2B6F4520 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Mike: Not a bad idea. In other words, if the stock is in a handle at the time it's being evaluated, it gets a '1'. You might want to inquire of Tom, Katherine, or Ian to get their input. For actual screening purposes, however, I'd still throw it out. But as I stated, if I see the '1' there, I head straight for the chart. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Thursday, May 09, 2002 1:09 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Curious in Florida Hi Duke, If a stock is in a handle, then it will stay on our WON watchlist until it either breaks out, drops below the handle, or the handle length exceeds 30 days (5 weeks). The N indicator means it is either in a handle or was recently. Maybe I should limit it to only stocks that are in a handle. What do you think? 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 Duke Miller Sent: Thursday, May 09, 2002 4:32 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Curious in Florida Mike: You wrote: >Wouldn't the fact that it's in a handle be an additional indicator that the stock is worth evaluating? Absolutely. And when I see that it has been on the list, I scramble to the chart. I'm not suggesting you change a thing in that regard. It may help if I define exactly how I use the Evaluator. I, like many herein, run screen after screen each day mining potential winners. Before the Evaluator came along the majority of my time was spent culling the losers--stocks that are "outside" my CANSLIM model. It didn't take me long to decide that a rating of 7 or better keeps a stock on my list. Under the new ratings, I'm considering moving that to 6.8. That being the case, whether or not the stock has made the watch list in the last 7 days is not significant. Might have been in the go-go days preceding the market we're in now, I don't know. (And with stocks building seemingly longer bases lately, maybe your criteria should be longer, like 7 weeks. Doesn't WON say the handle should be 4 to 7 weeks in duration? ) The Evaluator provides me the "snapshot" I need...to cull or not. And it saves me the most valuable commodity of all: time. Thanks again for making it available to us. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Thursday, May 09, 2002 5:00 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Curious in Florida Hi Duke, re: (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.) 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 Duke Miller Sent: Wednesday, May 08, 2002 5:02 AM To: CANSLIM 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. 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! 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. 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_0007_01C1F763.2B6F4520 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message

Mike:

Not a bad = idea. In=20 other words, if the stock is in a handle at the time it's being = evaluated, it=20 gets a '1'.

You might want = to inquire=20 of Tom, Katherine, or Ian to get their input. For actual screening = purposes, however, I'd still throw it out. But as I stated, if I = see the=20 '1' there, I head straight for the chart.

Duke

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mike Gibbons
Sent: Thursday, May 09, = 2002 1:09=20 PM
To: canslim@lists.xmission.com
Subject: RE: = [CANSLIM]=20 Curious in Florida

Hi=20 Duke,

If a=20 stock is in a handle, then it will stay on our WON watchlist until it = either=20 breaks out, drops below the handle, or the handle length exceeds 30 = days (5=20 weeks). The N indicator means it is either in a handle or was = recently. Maybe=20 I should limit it to only stocks that are in a handle. What do you=20 think?

Aloha,

Mike Gibbons
Proactive = Technologies,=20 LLC

http://www.proactech.com

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke=20 Miller
Sent: Thursday, May 09, 2002 4:32 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] Curious = in=20 Florida

Mike:

You=20 wrote:

>Wouldn't the fact that it's in a handle be an = additional=20 indicator that the stock is worth evaluating?=20

Absolutely.   And when I see = that it has=20 been on the list, I scramble to the chart. I'm not suggesting = you=20 change a thing in that = regard.

It may = help if I=20 define exactly how I use the Evaluator. I, like many herein, = run=20 screen after screen each day mining potential winners. Before = the=20 Evaluator came along the majority of my time was spent culling the=20 losers--stocks that are "outside" my CANSLIM model. It = didn't=20 take me long to decide that a rating of 7 or better keeps a = stock on my=20 list. Under the new ratings, I'm considering moving that to=20 6.8.

That = being the case,=20 whether or not the stock has made the watch list in the last 7 days = is not=20 significant. Might have been in the go-go days preceding the = market=20 we're in now, I don't know. (And with stocks building = seemingly=20 longer bases lately, maybe your criteria should be longer, like = 7=20 weeks. Doesn't WON say the handle should be 4 to 7 weeks in=20 duration? )

The = Evaluator=20 provides me the "snapshot" I need...to cull or not. And it = saves me=20 the most valuable commodity of all: =20 time.

Thanks = again for=20 making it available to us.

Duke

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mike Gibbons
Sent: Thursday, May 09, = 2002=20 5:00 AM
To: = canslim@lists.xmission.com
Subject: RE:=20 [CANSLIM] Curious in Florida

Hi Duke,

re: (FYI: Yes, = there are 11=20 criteria on the Evaluator, but I throw out N--the fact a stock = appears=20 within the past 7 days on a Watch List is immaterial for ranking = purposes,=20 IMHO.)=20

Aloha,

Mike Gibbons
Proactive = Technologies,=20 LLC

http://www.proactech.com

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Duke=20 Miller
Sent: Wednesday, May 08, 2002 5:02 = AM
To:=20 CANSLIM
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=20 glad to know this isn't about that. It's about AFTER=20 "that!" I'll explain:

Each = day, I=20 download the Excel version of the Daily Screen from IBD. = Then=20 I "play" with it for awhile.  I sort various = aspects=20 to my personal preferences: Industry Group Rank = (eliminating all=20 above 40); SMR (eliminating all at C or worse); and so = forth. Then=20 I may sort them by other factors--combined RS & EPS Ratings = or Index=20 of Current PE vs. Projected--to arrive at = a  another=20 cutoff point. After all that, I put the remnants into a portfolio = with that=20 day's price. Then I follow the action. =

What = I'm seeing is=20 an 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,=20 a truly awful day on all three of the big indexes, I reviewed my = Daily=20 Screens portfolios to see which stocks suffered the = least. =20 The 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=20 for several months now, both on my sorted screens and in IBD = editorial,=20 does it stand to reason that when the market turns, these stocks = that=20 have exhibited such strength in a bad market should be the BIG = winners=20 when M 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=20 9/11 created one crazy environment for the markets and a lot of = stocks=20 we're seeing making big gains these days are NOT conforming to = the=20 teachings of WON. While composing this, = I put these stocks = to one more=20 test. The Canslim Evaluator. I found it interesting = that=20 while 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=20 better: UOPX at 8. (FYI: Yes, there are 11 = criteria on=20 the Evaluator, but I throw out N--the fact a stock appears = within the=20 past 7 days on a Watch List is immaterial for ranking purposes,=20 IMHO.)

Your = opinions will=20 be highly valued. Thank = you.

Duke

Everybody should=20 believe in something - I believe I'll have another glass of = great=20 wine!

- ------=_NextPart_000_0007_01C1F763.2B6F4520-- - - - -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 #2412 ****************************** 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.