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To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2576
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canslim-digest Sunday, July 7 2002 Volume 02 : Number 2576
In this issue:
Re: [CANSLIM] Screening
Re: [CANSLIM] Screening
----------------------------------------------------------------------
Date: Sun, 7 Jul 2002 21:23:14 -0400
From: "Dan Forant"
Subject: Re: [CANSLIM] Screening
This is a multi-part message in MIME format.
- ------=_NextPart_000_0045_01C225FC.813ADCE0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Message Not Democrat Bashing. Where were all the articles and SEC =
during the last Administration. Before Martha gets swallowed whole, she =
better visit Jenny Craig.
DanF
- ----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 8:54 PM
Subject: Re: [CANSLIM] Screening
Good article on FREE REAL TIME.COM today. Compares what President Bush =
did when he was director of Harden Oil and sold 850,000.00 worth of =
stock right before they disclosed how much debt the company had been =
hiding , to the Enron problems. Was in the Wall Street Journal. Said he =
may have gotten off because his dad was president. NOT REPUBLICAN =
BASHING!!! Just noting how hard it is to get meaningful change in our =
political system because everyone(on both sides) has too much to gain by =
leaving things the way the are. I guess swallowing Martha Stewart whole =
will have to satisfy our appetites for justice. Lets just hope it =
satisfies the markets also, especially those of the European investors =
who are pulling more and more money out every day.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 1:47 PM
Subject: Re: [CANSLIM] Screening
tom-would be interested in reading the article on halliburton if you =
can tell me where to find it. Article in L.A. Times business section on =
pennystocks. Said they are becoming more popular because people are =
feeling like if they are gambling on stocks may as well be cheap ones. =
Noted WCOM went up 376% last week after new CEO came out and said it was =
to big and important a company to go under. not so much canslim note as =
M note. zillagirl
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 9:56 AM
Subject: Re: [CANSLIM] Screening
Duke, aside from raising my upper price limit to $20 from $18 and =
market cap from $500 million to $650 million some months ago (partially =
because of greater buying power thanks to early profits), I have made =
little change in screening. I have been far less restrictive on RS on =
stocks I already hold so long as fundamentals are holding up to my =
expectations.
I do think there is the potential for market improvement next =
week, noticed that the 10 day moving average for up / down volume had =
picked up on most indexes, even turned positive on some, so that is =
encouraging. Most stocks are so beaten down right now it will take time =
to see the same on the 10 day new highs / lows numbers.
There are still corporate accounting problems coming out of the =
woodwork, just read an article on Halliburton (Dick Cheney was VP there =
in 2000), and more calls for SEC investigation of Bush and his Cabinet. =
Disclosure by the House that they believe the Board of Directors of =
Enron knew for several years of what was going on is also leading to =
more politically inspired calls for reforms, and investigations of Bush. =
So the politics, if not actual news, will keep this issue in the =
forefront for some time.
As I mentioned yesterday or Friday, the rally on Friday was =
primarily a relief rally that there was no major terrorist attack over =
the holiday (and now thru the weekend). That certainly could inspire a =
day or two of frenzied buying, by value shoppers, by sidelined cash that =
wants to be in the market, and by the shorters having to cover. I have =
less confidence that it could lead to a sustained rally on fundamentals =
and economics, even tho that would be legitimate as I see these factors.
----- Original Message -----=20
From: Duke Miller=20
To: CANSLIM=20
Sent: Sunday, July 07, 2002 12:43 PM
Subject: [CANSLIM] Screening
Ok, wake up out there!! =20
Could it be that things might possibly by some mere stretch of the =
imagination...start looking up? Is it time to proceed with some =
early-on mining?
To that end, I went back through my CAN SLIM Keepers folder...you =
know, where I put stuff my 50-something mind needs to be refreshed upon =
because it's meaningful, and I'm prone to forgetting. (See anecdote at =
end of this message; if it rings a bell, so to speak, you need your own =
CAN SLIM Keepers Folder!).
Katherine Malm is in the "from" line in my Keeper folder more than =
anyone else (wonder why?), so I'm using her as the catapult for my =
query. At the same time, I'm asking others to chime in, PLEASE. =20
On April 29, Katherine, you summarized your screening tactics in =
an email, subject: "How are you choosing your stocks." To paraphrase:
RS>=3D60
Price>=3D200dma
Price>=3D50 dma -15%
A/D =3D A, B, or C
EPS Rating =3D>50
Meeting or exceeding these criteria, you flip through the charts =
to see which are setting up, then proceed to additional scrutiny. The =
following is quoting directly from your email:(hilite is mine):
With respect to annual and quarterly growth, ROE, D/E, cashflow =
etc., again, I look at these things in total, knowing that accounting =
rules often obfuscate the "real" story. For that reason, I like to skim =
the recent SEC filings if a stock makes my short due diligence list, =
rather than eliminating stocks entirely just because ROE is 14.6 vs 15% =
for example.=20
At the risk of interrupting Katherine's summer reading program, my =
question for the week:=20
Now that the market has dipped this far, what screen changes, if =
any, are you contemplating to narrow down your selections? =20
I've stated before that my feeling is the stocks that have not =
succumbed as much lately (RS above 90, for instance) will be huge =
winners; they are passing "obfuscated 'real' story" scrutiny. =20
Or will they? Are they more havens than performers, with the =
prospect of giving way to other types of issues destined to surface into =
the winners' pool?
Duke
>Senior Moment:
>An elderly couple had dinner at another couple's house, and after
>eating, the wives left the table and went into the kitchen. The =
two=20
>elderly gentlemen were talking, and one said, "Last night we went =
out=20
>to a new restaurant, and it was really great. I would recommend =
it=20
>very highly."
>
>The other man said, "What is the name of the restaurant?" The =
first man
>thought and thought and finally said, "What is the name of that =
flower=20
>you give to someone you love? You know... the one that is red and =
has=20
>thorns.
>
>"Do you mean a rose?"
>
>"Yes," the man said. He turned toward the kitchen and yelled, =
"Hey
>Rose, what's the name of that restaurant we went to last night?"
>
- ------=_NextPart_000_0045_01C225FC.813ADCE0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Message
Not Democrat =
Bashing. Where were=20
all the articles and SEC during the last Administration. Before Martha =
gets=20
swallowed whole, she better visit Jenny Craig.
DanF
----- Original Message -----
Sent: Sunday, July 07, 2002 =
8:54 PM
Subject: Re: [CANSLIM] =
Screening
Good article on FREE REAL TIME.COM =
today.=20
Compares what President Bush did when he was director of Harden Oil =
and sold=20
850,000.00 worth of stock right before they disclosed how much debt =
the=20
company had been hiding , to the Enron problems. Was in the Wall =
Street=20
Journal. Said he may have gotten off because his dad was=20
president. NOT REPUBLICAN BASHING!!! Just noting how hard =
it is to=20
get meaningful change in our political system because everyone(on both =
sides) has too much to gain by leaving things the way the =
are. I=20
guess swallowing Martha Stewart whole will have to satisfy our =
appetites for=20
justice. Lets just hope it satisfies the markets also, =
especially those=20
of the European investors who are pulling more and more money out =
every=20
day.
----- Original Message -----
Sent: Sunday, July 07, 2002 =
1:47=20
PM
Subject: Re: [CANSLIM] =
Screening
tom-would be interested in reading =
the article=20
on halliburton if you can tell me where to find it. Article in L.A. =
Times=20
business section on pennystocks. Said they are becoming more popular =
because=20
people are feeling like if they are gambling on stocks may as well =
be cheap=20
ones. Noted WCOM went up 376% last week after new CEO came out and =
said it=20
was to big and important a company to go under. not so much canslim =
note as=20
M note. zillagirl
----- Original Message ----- =
Sent: Sunday, July 07, 2002 =
9:56=20
AM
Subject: Re: [CANSLIM]=20
Screening
Duke, aside from raising my upper price =
limit to $20=20
from $18 and market cap from $500 million to $650 million some =
months ago=20
(partially because of greater buying power thanks to early =
profits), I=20
have made little change in screening. I have been far less =
restrictive on=20
RS on stocks I already hold so long as fundamentals are holding up =
to my=20
expectations.
I do think there is the potential for =
market=20
improvement next week, noticed that the 10 day moving average for =
up /=20
down volume had picked up on most indexes, even turned positive on =
some,=20
so that is encouraging. Most stocks are so beaten down right now =
it will=20
take time to see the same on the 10 day new highs / lows=20
numbers.
There are still corporate accounting =
problems coming=20
out of the woodwork, just read an article on Halliburton (Dick =
Cheney was=20
VP there in 2000), and more calls for SEC investigation of Bush =
and his=20
Cabinet. Disclosure by the House that they believe the Board of =
Directors=20
of Enron knew for several years of what was going on is also =
leading to=20
more politically inspired calls for reforms, and investigations of =
Bush.=20
So the politics, if not actual news, will keep this issue in the =
forefront=20
for some time.
As I mentioned yesterday or Friday, the =
rally on=20
Friday was primarily a relief rally that there was no major =
terrorist=20
attack over the holiday (and now thru the weekend). That certainly =
could=20
inspire a day or two of frenzied buying, by value shoppers, by =
sidelined=20
cash that wants to be in the market, and by the shorters having to =
cover.=20
I have less confidence that it could lead to a sustained rally on=20
fundamentals and economics, even tho that would be legitimate as I =
see=20
these factors.
----- Original Message -----=20
Sent: Sunday, July 07, 2002 12:43 PM
Subject: [CANSLIM] Screening
Ok, wake =
up out=20
there!!
Could it =
be that=20
things might possibly by some mere stretch of the =
imagination...start=20
looking up? Is it time to proceed with some early-on=20
mining?
To that =
end, I went=20
back through my CAN SLIM Keepers folder...you know, where I put =
stuff my=20
50-something mind needs to be refreshed upon because it's =
meaningful, and=20
I'm prone to forgetting. (See anecdote at end of this =
message; if it=20
rings a bell, so to speak, you need your own CAN SLIM Keepers=20
Folder!).
Katherine Malm=20
is in the "from" line in my Keeper folder more than =
anyone else=20
(wonder why?), so I'm using her as the catapult for my =
query. =20
At the same time, I'm asking others to chime in, PLEASE. =20
On April =
29,=20
Katherine, you summarized your screening tactics in an email, =
subject:=20
"How are you choosing your stocks." To=20
paraphrase:
RS>=3D60
Price>=3D200dma
Price>=3D50 dma=20
-15%
A/D =
=3D A, B, or=20
C
EPS =
Rating=20
=3D>50
Meeting =
or exceeding=20
these criteria, you flip through the charts to see which are =
setting up,=20
then proceed to additional scrutiny. The following is =
quoting=20
directly from your email:(hilite is mine):
With respect to annual and =
quarterly=20
growth, ROE, D/E, cashflow etc., again, I look at these things in =
total,=20
knowing that accounting rules often =
obfuscate the=20
"real" story. For that reason, I like to skim the recent =
SEC=20
filings if a stock makes my short due diligence list, rather than=20
eliminating stocks entirely just because ROE is 14.6 vs 15% for =
example.=20
At the =
risk of=20
interrupting Katherine's summer reading program, my question =
for the=20
week:
Now that the=20
market has dipped this far, what screen changes, if any, are =
you=20
contemplating to narrow down your selections? =
I've stated=20
before that my feeling is the stocks that have not succumbed as =
much=20
lately (RS above 90, for instance) will be huge winners;=20
they are passing "obfuscated 'real' story" scrutiny. =20
Or will=20
they? Are they more havens than performers, with the =
prospect of=20
giving way to other types of issues destined to surface into the =
winners'=20
pool?
Duke
>Senior=20
Moment:
>An elderly couple had dinner =
at=20
another couple's house, and after
>eating, the wives left the table and went =
into the=20
kitchen. The two
>elderly gentlemen were talking, and one =
said, "Last=20
night we went out
>to a new restaurant, and it was really =
great. I would=20
recommend it
>very highly."
>
>The other man said, "What is the name of the =
restaurant?" The first man
>thought and thought and finally said, "What =
is the=20
name of that flower
>you give to someone you love? You know... =
the one that=20
is red and has
>thorns.
>
>"Do you mean a rose?"
>
>"Yes," the man said. He turned toward the =
kitchen and=20
yelled, "Hey
>Rose, =
what's the name=20
of that restaurant we went to last night?"
>
- ------=_NextPart_000_0045_01C225FC.813ADCE0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 7 Jul 2002 21:25:43 -0400
From: "Tom Worley"
Subject: Re: [CANSLIM] Screening
This is a multi-part message in MIME format.
- ------=_NextPart_000_0207_01C225FC.D9993D00
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
MessageNot Democrat or Republican bashing, truth is most major corps =
have been cuddling up to politicians for decades, if not centuries. =
Doesn't matter which party is in power, they are like a magnet to big =
money. Special interests have carried far too much influence for far too =
many years, and it's measured in how much money can be donated quietly, =
how many staffers can leave govt and land a fat salary in corporate =
America, how many politicians can end up on a Board of Directors with =
stock options.
- ----- Original Message -----=20
From: Dan Forant=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 9:23 PM
Subject: Re: [CANSLIM] Screening
Not Democrat Bashing. Where were all the articles and SEC during the =
last Administration. Before Martha gets swallowed whole, she better =
visit Jenny Craig.
DanF
- ----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 8:54 PM
Subject: Re: [CANSLIM] Screening
Good article on FREE REAL TIME.COM today. Compares what President Bush =
did when he was director of Harden Oil and sold 850,000.00 worth of =
stock right before they disclosed how much debt the company had been =
hiding , to the Enron problems. Was in the Wall Street Journal. Said he =
may have gotten off because his dad was president. NOT REPUBLICAN =
BASHING!!! Just noting how hard it is to get meaningful change in our =
political system because everyone(on both sides) has too much to gain by =
leaving things the way the are. I guess swallowing Martha Stewart whole =
will have to satisfy our appetites for justice. Lets just hope it =
satisfies the markets also, especially those of the European investors =
who are pulling more and more money out every day.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 1:47 PM
Subject: Re: [CANSLIM] Screening
tom-would be interested in reading the article on halliburton if you =
can tell me where to find it. Article in L.A. Times business section on =
pennystocks. Said they are becoming more popular because people are =
feeling like if they are gambling on stocks may as well be cheap ones. =
Noted WCOM went up 376% last week after new CEO came out and said it was =
to big and important a company to go under. not so much canslim note as =
M note. zillagirl
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 07, 2002 9:56 AM
Subject: Re: [CANSLIM] Screening
Duke, aside from raising my upper price limit to $20 from $18 and =
market cap from $500 million to $650 million some months ago (partially =
because of greater buying power thanks to early profits), I have made =
little change in screening. I have been far less restrictive on RS on =
stocks I already hold so long as fundamentals are holding up to my =
expectations.
I do think there is the potential for market improvement next =
week, noticed that the 10 day moving average for up / down volume had =
picked up on most indexes, even turned positive on some, so that is =
encouraging. Most stocks are so beaten down right now it will take time =
to see the same on the 10 day new highs / lows numbers.
There are still corporate accounting problems coming out of the =
woodwork, just read an article on Halliburton (Dick Cheney was VP there =
in 2000), and more calls for SEC investigation of Bush and his Cabinet. =
Disclosure by the House that they believe the Board of Directors of =
Enron knew for several years of what was going on is also leading to =
more politically inspired calls for reforms, and investigations of Bush. =
So the politics, if not actual news, will keep this issue in the =
forefront for some time.
As I mentioned yesterday or Friday, the rally on Friday was =
primarily a relief rally that there was no major terrorist attack over =
the holiday (and now thru the weekend). That certainly could inspire a =
day or two of frenzied buying, by value shoppers, by sidelined cash that =
wants to be in the market, and by the shorters having to cover. I have =
less confidence that it could lead to a sustained rally on fundamentals =
and economics, even tho that would be legitimate as I see these factors.
----- Original Message -----=20
From: Duke Miller=20
To: CANSLIM=20
Sent: Sunday, July 07, 2002 12:43 PM
Subject: [CANSLIM] Screening
Ok, wake up out there!! =20
Could it be that things might possibly by some mere stretch of the =
imagination...start looking up? Is it time to proceed with some =
early-on mining?
To that end, I went back through my CAN SLIM Keepers folder...you =
know, where I put stuff my 50-something mind needs to be refreshed upon =
because it's meaningful, and I'm prone to forgetting. (See anecdote at =
end of this message; if it rings a bell, so to speak, you need your own =
CAN SLIM Keepers Folder!).
Katherine Malm is in the "from" line in my Keeper folder more than =
anyone else (wonder why?), so I'm using her as the catapult for my =
query. At the same time, I'm asking others to chime in, PLEASE. =20
On April 29, Katherine, you summarized your screening tactics in =
an email, subject: "How are you choosing your stocks." To paraphrase:
RS>=3D60
Price>=3D200dma
Price>=3D50 dma -15%
A/D =3D A, B, or C
EPS Rating =3D>50
Meeting or exceeding these criteria, you flip through the charts =
to see which are setting up, then proceed to additional scrutiny. The =
following is quoting directly from your email:(hilite is mine):
With respect to annual and quarterly growth, ROE, D/E, cashflow =
etc., again, I look at these things in total, knowing that accounting =
rules often obfuscate the "real" story. For that reason, I like to skim =
the recent SEC filings if a stock makes my short due diligence list, =
rather than eliminating stocks entirely just because ROE is 14.6 vs 15% =
for example.=20
At the risk of interrupting Katherine's summer reading program, my =
question for the week:=20
Now that the market has dipped this far, what screen changes, if =
any, are you contemplating to narrow down your selections? =20
I've stated before that my feeling is the stocks that have not =
succumbed as much lately (RS above 90, for instance) will be huge =
winners; they are passing "obfuscated 'real' story" scrutiny. =20
Or will they? Are they more havens than performers, with the =
prospect of giving way to other types of issues destined to surface into =
the winners' pool?
Duke
>Senior Moment:
>An elderly couple had dinner at another couple's house, and after
>eating, the wives left the table and went into the kitchen. The =
two=20
>elderly gentlemen were talking, and one said, "Last night we went =
out=20
>to a new restaurant, and it was really great. I would recommend =
it=20
>very highly."
>
>The other man said, "What is the name of the restaurant?" The =
first man
>thought and thought and finally said, "What is the name of that =
flower=20
>you give to someone you love? You know... the one that is red and =
has=20
>thorns.
>
>"Do you mean a rose?"
>
>"Yes," the man said. He turned toward the kitchen and yelled, =
"Hey
>Rose, what's the name of that restaurant we went to last night?"
>
- ------=_NextPart_000_0207_01C225FC.D9993D00
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Message
Not Democrat or Republican bashing, truth is =
most major=20
corps have been cuddling up to politicians for decades, if not =
centuries.=20
Doesn't matter which party is in power, they are like a magnet to big =
money.=20
Special interests have carried far too much influence for far too many =
years,=20
and it's measured in how much money can be donated quietly, how many =
staffers=20
can leave govt and land a fat salary in corporate America, how many =
politicians=20
can end up on a Board of Directors with stock options.
----- Original Message -----=20
Sent: Sunday, July 07, 2002 9:23 PM
Subject: Re: [CANSLIM] Screening
Not Democrat =
Bashing. Where were=20
all the articles and SEC during the last Administration. Before Martha =
gets=20
swallowed whole, she better visit Jenny Craig.
DanF
----- Original Message -----
Sent: Sunday, July 07, 2002 =
8:54 PM
Subject: Re: [CANSLIM] =
Screening
Good article on FREE REAL TIME.COM =
today.=20
Compares what President Bush did when he was director of Harden Oil =
and sold=20
850,000.00 worth of stock right before they disclosed how much debt =
the=20
company had been hiding , to the Enron problems. Was in the Wall =
Street=20
Journal. Said he may have gotten off because his dad was=20
president. NOT REPUBLICAN BASHING!!! Just noting how hard =
it is to=20
get meaningful change in our political system because everyone(on both =
sides) has too much to gain by leaving things the way the =
are. I=20
guess swallowing Martha Stewart whole will have to satisfy our =
appetites for=20
justice. Lets just hope it satisfies the markets also, =
especially those=20
of the European investors who are pulling more and more money out =
every=20
day.
----- Original Message -----
Sent: Sunday, July 07, 2002 =
1:47=20
PM
Subject: Re: [CANSLIM] =
Screening
tom-would be interested in reading =
the article=20
on halliburton if you can tell me where to find it. Article in L.A. =
Times=20
business section on pennystocks. Said they are becoming more popular =
because=20
people are feeling like if they are gambling on stocks may as well =
be cheap=20
ones. Noted WCOM went up 376% last week after new CEO came out and =
said it=20
was to big and important a company to go under. not so much canslim =
note as=20
M note. zillagirl
----- Original Message ----- =
Sent: Sunday, July 07, 2002 =
9:56=20
AM
Subject: Re: [CANSLIM]=20
Screening
Duke, aside from raising my upper price =
limit to $20=20
from $18 and market cap from $500 million to $650 million some =
months ago=20
(partially because of greater buying power thanks to early =
profits), I=20
have made little change in screening. I have been far less =
restrictive on=20
RS on stocks I already hold so long as fundamentals are holding up =
to my=20
expectations.
I do think there is the potential for =
market=20
improvement next week, noticed that the 10 day moving average for =
up /=20
down volume had picked up on most indexes, even turned positive on =
some,=20
so that is encouraging. Most stocks are so beaten down right now =
it will=20
take time to see the same on the 10 day new highs / lows=20
numbers.
There are still corporate accounting =
problems coming=20
out of the woodwork, just read an article on Halliburton (Dick =
Cheney was=20
VP there in 2000), and more calls for SEC investigation of Bush =
and his=20
Cabinet. Disclosure by the House that they believe the Board of =
Directors=20
of Enron knew for several years of what was going on is also =
leading to=20
more politically inspired calls for reforms, and investigations of =
Bush.=20
So the politics, if not actual news, will keep this issue in the =
forefront=20
for some time.
As I mentioned yesterday or Friday, the =
rally on=20
Friday was primarily a relief rally that there was no major =
terrorist=20
attack over the holiday (and now thru the weekend). That certainly =
could=20
inspire a day or two of frenzied buying, by value shoppers, by =
sidelined=20
cash that wants to be in the market, and by the shorters having to =
cover.=20
I have less confidence that it could lead to a sustained rally on=20
fundamentals and economics, even tho that would be legitimate as I =
see=20
these factors.
----- Original Message -----=20
Sent: Sunday, July 07, 2002 12:43 PM
Subject: [CANSLIM] Screening
Ok, wake =
up out=20
there!!
Could it =
be that=20
things might possibly by some mere stretch of the =
imagination...start=20
looking up? Is it time to proceed with some early-on=20
mining?
To that =
end, I went=20
back through my CAN SLIM Keepers folder...you know, where I put =
stuff my=20
50-something mind needs to be refreshed upon because it's =
meaningful, and=20
I'm prone to forgetting. (See anecdote at end of this =
message; if it=20
rings a bell, so to speak, you need your own CAN SLIM Keepers=20
Folder!).
Katherine Malm=20
is in the "from" line in my Keeper folder more than =
anyone else=20
(wonder why?), so I'm using her as the catapult for my =
query. =20
At the same time, I'm asking others to chime in, PLEASE. =20
On April =
29,=20
Katherine, you summarized your screening tactics in an email, =
subject:=20
"How are you choosing your stocks." To=20
paraphrase:
RS>=3D60
Price>=3D200dma
Price>=3D50 dma=20
-15%
A/D =
=3D A, B, or=20
C
EPS =
Rating=20
=3D>50
Meeting =
or exceeding=20
these criteria, you flip through the charts to see which are =
setting up,=20
then proceed to additional scrutiny. The following is =
quoting=20
directly from your email:(hilite is mine):
With respect to annual and =
quarterly=20
growth, ROE, D/E, cashflow etc., again, I look at these things in =
total,=20
knowing that accounting rules often =
obfuscate the=20
"real" story. For that reason, I like to skim the recent =
SEC=20
filings if a stock makes my short due diligence list, rather than=20
eliminating stocks entirely just because ROE is 14.6 vs 15% for =
example.=20
At the =
risk of=20
interrupting Katherine's summer reading program, my question =
for the=20
week:
Now that the=20
market has dipped this far, what screen changes, if any, are =
you=20
contemplating to narrow down your selections? =
I've stated=20
before that my feeling is the stocks that have not succumbed as =
much=20
lately (RS above 90, for instance) will be huge winners;=20
they are passing "obfuscated 'real' story" scrutiny. =20
Or will=20
they? Are they more havens than performers, with the =
prospect of=20
giving way to other types of issues destined to surface into the =
winners'=20
pool?
Duke
>Senior=20
Moment:
>An elderly couple had dinner =
at=20
another couple's house, and after
>eating, the wives left the table and went =
into the=20
kitchen. The two
>elderly gentlemen were talking, and one =
said, "Last=20
night we went out
>to a new restaurant, and it was really =
great. I would=20
recommend it
>very highly."
>
>The other man said, "What is the name of the =
restaurant?" The first man
>thought and thought and finally said, "What =
is the=20
name of that flower
>you give to someone you love? You know... =
the one that=20
is red and has
>thorns.
>
>"Do you mean a rose?"
>
>"Yes," the man said. He turned toward the =
kitchen and=20
yelled, "Hey
>Rose, =
what's the name=20
of that restaurant we went to last night?"
>
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