From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2651 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 Tuesday, July 23 2002 Volume 02 : Number 2651 In this issue: RE: [CANSLIM] Updated CANSLIM hunting list Re: [CANSLIM] Market psychology Re: [CANSLIM] Market psychology Re: [CANSLIM] Updated CANSLIM hunting list Re: [CANSLIM] Updated CANSLIM hunting list RE: [CANSLIM] Updated CANSLIM hunting list ---------------------------------------------------------------------- Date: Tue, 23 Jul 2002 18:35:25 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Updated CANSLIM hunting list This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01C23277.B902A310 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Katherine: Great points. May I add a reminder for us all that's clearly to your point? When I attended my first WON Seminar, the term "tech stocks" did not exist!! The concept of "dynamic" watch lists, as laborious as it sounds, is bang on. I mentioned once before how frustrated I am at the fact my favorites are here today gone tomorrow; that I for all intents and purposes don't have much of a list at this time for that reason. Dynamic it is...so let's get rollin'! Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, July 23, 2002 4:37 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Updated CANSLIM hunting list Hi jans, I suppose that I'll have to refer back to something I mentioned on the list late last year, and that is, I still believe that we are in for 10-15 years of sideways market, similar to the '64-'80 period. If that is so, then we are in for a period of upwaves and downwaves, with little progress being made in the market averages overall during those years. But I believe that history proves that the stocks that go up are those with the core CANSLIM characteristics of sustainable growth and superior fundamentals. The difference between what we saw in the Great Bull market of the 90's and what we'll see upcoming, however, is that, because equities will not be the best investments based on *average* returns, there will be less money in the equities markets and therefore it will tend to rotate from one winner to the next more quickly. For that, CANSLIM gives us excellent and simple tools to find what is working *at the moment*, then gives us disciplined rules to follow for exit when the move is over. Bottom line is that you will never be able to create an uber-list of stocks that will give you more than an intermediate-term ride, but instead, will always have to refresh that list with new blood. Even during the Big Bear, there have been countless examples of stocks with growth characteristics that have done very well during the upwaves, but fear, ennui, lack of discipline, etc. have kept investors from taking advantage of those moves. Bottom line? Our mining techniques have to be dynamic, lists must be constantly refreshed, and technicals should always lead the way to the winners. Something that I think often gets lost in the noise of CANSLIM is that fundamentals will always lag technicals, and so, in my mind, carry far less weight in the initial mining, and for the most part carry no weight in entry/exit points. That may seem like I'm contradicting what I said earlier about selecting stocks with sustainable growth and superior fundamentals and it isn't intended that way. Instead, I'm simply saying that we should not *start* with fundamentals to find good quality candidates. Lastly, as we've discussed before on th list, its highly likely that the kinds of companies that will demonstrate growth characteristics in the upcoming years may be mundane businesses, so best to have mining techniques that don't focus you exclusively on tech stocks. Katherine PS....best way to take advantage of a sideways market is to trade only in the direction of the prevailing wave and complement your long strategy with a good shorting strategy (for cash accounts) for downwaves (or use Rydex contra-funds in tax advantaged accounts). Hopefully, everybody has been using the last few years to perfect those shorting strategies. Of course, that's not CANSLIM, so can't be discussed here! - ----- Original Message ----- From: Spencer48@aol.com To: canslim@lists.xmission.com Sent: Tuesday, July 23, 2002 3:09 PM Subject: Re: [CANSLIM] Updated CANSLIM hunting list Ernie & Katherine: Ernie, I'm sorry to see you leave the list. However, I understand why you intend to be not even a "lurker". Canslim is not for shorts, and its formula relies on the Market being a bull before buying stocks. And if the Market.-according to your calculations-won't rally till March/03.... But I do want to thank you for your responses when I had Elliot Wave queries. I appreciate the replies, and I did re-learn and learn things about Wave analysis which I had forgotten or neglected to take to heart. Katherine, I know WON says to make a shopping list of stocks that look good during bear markets-but this bear has been going on nearly 3 years. Moreover, how can anyone trust the earning, sales, and cash-flow figures on which EPS and RS are based (not to mention trust annual and quarterly earnings and sales) until at least after August 14th (when CEOs and CFOs must certify their figures or face jail time). I've had a shopping list for nearly 3 years, and the stocks in the list keep changing (I've removed from my list charts that show stocks which have fallen below their 200 DMA; or charts whose earnings in the current quarters are less than WON-ish; or charts whose RS's are plummeting). As an example of my less than sanguine attitude: IBD's screen today includes stocks that have increased earnings the last few quarters. No doubt, some of those stocks will be deleted next quarter-and the quarter after that, and the quarter...etc. Excuse my rant, I know your right: Compiling a shopping list of nice stocks now is a good idea. I'll not only know what stocks to look at (when the Bull wakes up), but during this interim, looking at those stock's charts gives me the opportunity to hone my technical skills. But the passage: "When Mr. M is ready to shine..." was just too much. jans In a message dated 7/23/2002 10:45:03 AM Eastern Daylight Time, kmalm@earthlink.net writes: << Now's the best time of all to get your shopping lists ready. With so few stocks to evaluate, you can use your time for effective due diligence. When Mr. M is ready to shine, you'll be ready with your short list. At the market bottom in '98, very few stocks made the cut, among them? AOL and YHOO, both of which had great runs over the next couple of years. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0008_01C23277.B902A310 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Katherine:
 
Great = points.  May I=20 add a=20 reminder for us all that's clearly to your point?  When I = attended my=20 first WON Seminar, the term "tech stocks" did not exist!! =20
 
The concept of = "dynamic"=20 watch lists, as laborious as it sounds, is bang on.  I mentioned = once=20 before how frustrated I am at the fact my favorites are here today gone=20 tomorrow; that I for all intents and purposes don't have much of a list = at this=20 time for that reason.
 
Dynamic it = is...so let's=20 get rollin'!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Tuesday, July 23, = 2002 4:37=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Updated CANSLIM hunting list

Hi jans,
 
I suppose that I'll have to refer back to something I mentioned = on the=20 list late last year, and that is, I still believe that we are in for = 10-15=20 years of sideways market, similar to the '64-'80 period. If that is = so, then=20 we are in for a period of upwaves and downwaves, with little progress = being=20 made in the market averages overall during those years. But I believe = that=20 history proves that the stocks that go up are those with the core = CANSLIM=20 characteristics of sustainable growth and superior fundamentals. The=20 difference between what we saw in the Great Bull market of the 90's = and what=20 we'll see upcoming, however, is that, because equities will not be the = best=20 investments based on *average* returns, there will be less money in = the=20 equities markets and therefore it will tend to rotate from one winner = to the=20 next more quickly. For that, CANSLIM gives us excellent and simple = tools to=20 find what is working *at the moment*, then gives us disciplined rules = to=20 follow for exit when the move is over. Bottom line is that you will = never be=20 able to create an uber-list of stocks that will give you more than an=20 intermediate-term ride, but instead, will always have to refresh that = list=20 with new blood. Even during the Big Bear, there have been countless = examples=20 of stocks with growth characteristics that have done very well during = the=20 upwaves, but fear, ennui, lack of discipline, etc. have kept investors = from=20 taking advantage of those moves. Bottom line? Our mining techniques = have to be=20 dynamic, lists must be constantly refreshed, and technicals should = always lead=20 the way to the winners. Something that I think often gets lost in the = noise of=20 CANSLIM is that fundamentals will always lag technicals, and so, in my = mind,=20 carry far less weight in the initial mining, and for the most part = carry no=20 weight in entry/exit points. That may seem like I'm contradicting what = I said=20 earlier about selecting stocks with sustainable growth and superior=20 fundamentals and it isn't intended that way. Instead, I'm simply = saying that=20 we should not *start* with fundamentals to find good quality = candidates.=20 Lastly, as we've discussed before on th list, its highly likely that = the kinds=20 of companies that will demonstrate growth characteristics in the = upcoming=20 years may be mundane businesses, so best to have mining techniques = that don't=20 focus you exclusively on tech stocks.
 
Katherine
 
PS....best way to take advantage of a sideways market is to trade = only in=20 the direction of the prevailing wave and complement your long strategy = with a=20 good shorting strategy (for cash accounts)  for downwaves (or use = Rydex=20 contra-funds in tax advantaged accounts). Hopefully, everybody has = been using=20 the last few years to perfect those shorting strategies. Of course, = that's not=20 CANSLIM, so can't be discussed here!
----- Original Message -----
From:=20 Spencer48@aol.com
To: canslim@lists.xmission.com= =20
Sent: Tuesday, July 23, 2002 = 3:09=20 PM
Subject: Re: [CANSLIM] = Updated CANSLIM=20 hunting list

Ernie & = Katherine:

     Ernie,=20 I'm sorry to see you leave the list.  However, I understand why =
you=20 intend to be not even a "lurker".  Canslim is not for shorts, = and its=20
formula relies on the Market being a bull before buying = stocks. =20 And if the
Market.-according to your calculations-won't  = rally till=20 March/03.... 
     But I do want to = thank you=20 for your responses when I had Elliot Wave
queries.  I = appreciate=20 the replies, and I did re-learn and learn things about
Wave = analysis=20 which I had forgotten or neglected to take to heart.  =20

      Katherine, I know WON says to = make a=20 shopping list of stocks that look
good during bear markets-but = this bear=20 has been going on nearly 3 years. 
     = Moreover, how can anyone trust the earning, sales, and cash-flow = figures=20
on which EPS and RS are based (not to mention trust annual and = quarterly=20
earnings and sales) until at least after  August 14th (when = CEOs=20 and CFOs
must certify their figures or face jail=20 time).
     I've had a shopping list for = nearly 3=20 years, and the stocks in the list
keep changing (I've removed = from my=20 list charts that show stocks which have
fallen below their 200 = DMA; or=20 charts whose earnings in the current quarters
are less than = WON-ish; or=20 charts whose RS's are plummeting).  =
     As an=20 example of my less than sanguine attitude: IBD's screen today =
includes=20 stocks that have increased earnings the last few quarters.  No=20
doubt, some of those stocks will be deleted next quarter-and the = quarter=20
after that, and the quarter...etc.  =
    =20 Excuse my rant, I know your right:  Compiling a shopping list = of nice=20
stocks now is a good idea.  I'll not only know what stocks = to look=20 at (when
the Bull wakes up), but during this interim, looking at = those=20 stock's charts
gives me the opportunity to hone my technical=20 skills.  But the passage: 
"When Mr. M is ready to = shine..."=20 was just too much.

jans


In a message dated = 7/23/2002=20 10:45:03 AM Eastern Daylight Time,
kmalm@earthlink.net=20 writes:

<< Now's the best time of all to get your = shopping=20 lists ready. With so few
stocks to evaluate, you can use your = time for=20 effective due diligence. When
Mr. M is ready to shine, you'll be = ready=20 with your short list. At the market
bottom in '98, very few = stocks made=20 the cut, among them? AOL and YHOO, both
of which had great runs = over the=20 next couple of years. >>

-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
- ------=_NextPart_000_0008_01C23277.B902A310-- - - - -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: Tue, 23 Jul 2002 16:41:56 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Market psychology I think you are referring to John Bollinger, anyway, he did say this on CNBC on Monday as a result of looking at a number of market turning points this century, I think he is ok as an analyst. On 23 Jul 2002 at 16:26, William King wrote: > I was watching an interview on one of the financial shows the other day - > can't remember who or where - but the "expert" said he had looked at history > and concluded the bottoming process could take from 3 to 7 months of > consolidation. - - - -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: Tue, 23 Jul 2002 15:52:01 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Market psychology Katherine, You beat me to the phrase,"The market can scare you out or wear you out". I guess this time it will wear us out (did for me - been out for several months now). Also, the element of the secondary contrarian indicators signaling a bottom was brought up in today's IBD backpage editorial. To paraphrase: "If everyone's a contrarian, where are we left"? Everyone's quick to jump on each move of the put-call ratio. Also made note of the fact that fund managers have had a hard time liquidating the huge numbers of stock shares in this market. They kill every new rally trying to dump a few million more shares. Maybe the last bull made too many canslimers of us. Perhaps we need some to convert to "value" selection to take the ball for a while? - -Bill - ----- Original Message ----- From: "Katherine Malm" To: Sent: Tuesday, July 23, 2002 1:44 PM Subject: Re: [CANSLIM] Market psychology Interesting perspective, isn't it Jon? While history doesn't always repeat verbatim, little changes in human behavior. I think those two significant Bears ended once everybody was bored to tears with the market. What is the saying?.... "sometimes the Market just wears you out...." :)) Add that to Bill K's comment about needing several months to find a bottom and you've got the makings of new Market "potential." Katherine ----- Original Message ----- From: J. Lobatto To: canslim@lists.xmission.com Sent: Tuesday, July 23, 2002 3:14 PM Subject: Re: [CANSLIM] Market psychology Katherine, Thanks for that reply. Very interesting to note that the two most sustained bears of the century did not end on obvious capitulation. Jon ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Tuesday, July 23, 2002 4:11 PM Subject: Re: [CANSLIM] Market psychology Hi Jon, Here's a point of view on the notion of capitulation from an excellent technician and market veteran, John Mendelson. It's awfully hard to say how the market will find its bottom, and it's very possible that we may get some "false" FTD's. But I do know with certainty that there will be no sustainable upturn *without* a FTD. Katherine ========= Weekly Market Analysis John A. Mendelson July 23, 2002 A View Of The Market Some Recent Questions From Clients: Do you expect to see a capitulation by investors before this decline ends? The prospect of capitulation, or a climatic downward trading spike that exhausts the selling, appears to be very much on the minds of many, particularly the financial press. The "need" for this has been mentioned in numerous articles. First of all, nobody knows for sure if this event will occur. We have clearly seen an acceleration of selling in the last two weeks that has moved the market to an extreme extended or "oversold" position. In this regard, 99% of the stocks in the S&P 500 (SPX - 820) are below their ten-week average, a higher percentage than September 2001 or October 1987. Furthermore, actions reflecting investor sentiment such as the CBOE Put/Call Ratio, the ten-day average of the Arms Index (TRIN - 1.67) and the NASDAQ Trin (TRINNASD - 0.62), measures of buying and selling pressure on the market, and my proprietary "Diaper Indicator" all are at or near historically extreme levels, as is the CBOE OEX Volatility Index (VIX - 48.23). Furthermore, NYSE short interest is now the highest in history and the dividend yield on the S&P 500 is higher than that of six-month U.S. Treasury bills, a most unusual event in modern times. My point is that one might say we have already had a "capitulation." I would also note that the 1973-1974 bear market, the worst I ever saw, ended on October 3, 1974 with a "whimper, not a bang" after twenty-one months of slow death on low volume.there was no capitulation. In addition, the 1929-1932 bear market bottomed on July 8, 1932 on volume well below many days in the prior two months. Who knows? . my personal view is that investor capitulation is not "needed" to form a bottom and that many sentiment indicators are at more extreme levels than at previous historic lows. ----- Original Message ----- From: J. Lobatto To: canslim@lists.xmission.com Sent: Tuesday, July 23, 2002 2:59 PM Subject: [CANSLIM] Market psychology All the professionals are looking for a massive capitulation day to mark the termination of this bear market (i.e. an obvious panic day when they can start pouring money in). Using the fact that the market rarely satisfies the majority of participants, I suspect that the professionals may not get their wish. As such, one other scenario comes to mind: The market continues this relentless water torture for an indeterminate amount of time and finally the bear market ends at some point with a whimper barely noticed by anyone, that is a new low is made on a fairly "normal" day and the market starts climbing back up the next day, either A) explosively or perhaps B) gently and imperceptibly and basically doesn't look back from that day on. Any other non-capitulation scenarios that any of you can come up with? The reason I ask is that with my "B"scenario, we may not get the FTD day that will ring the bell for us either. Jon - - - -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: Tue, 23 Jul 2002 21:09:39 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Updated CANSLIM hunting list This is a multi-part message in MIME format. - ------=_NextPart_000_00A3_01C2328D.41CE1E80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHi Duke, Since we have had so many members ask to be unsubscribed by posting to = the group instead of just looking at the trailer that accompanies each = of our posts, I doubt that many save Jeff's intro in order to refer back = later. I thought of that as well, but don't have confidence it would do = much good, altho wouldn't hurt to try either. Don't look to me to post any "favorites" right now, I am totally shell = shocked and numb. - ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 12:51 PM Subject: RE: [CANSLIM] Updated CANSLIM hunting list What a great thing to do for us, Katherine. Thanks very much. It's my hope, after viewing this list, that we, as a group, look hard at = these and our own lists. Then lets put our favorites on the table so we = can openly examine the candidates. If you've been on this list more = than a week, you know how quick members are to jump on an issue. =20 Also, would it be a good idea if Jeff Salisbury included the FAQ when = confirming new members to the list? That way, if just by a slight = chance someone should ask (for the umpteenth time), "What's LLUR", a = gentle reminder from any of us, "See the FAQ," would save hours of = wasted effort. =20 With the Intraday charts once again looking everything like the rugged = terrain of Afghanistan, I say have a nice day one and all. Duke =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, July 23, 2002 10:39 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Updated CANSLIM hunting list Hi All, I've uploaded an updated CANSLIM Hunting list to the CANSLIM list = site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip This is a zipped Excel spreadsheet. If you don't have a copy of Excel, = you can download a free viewer at: = http://office.microsoft.com/downloads/default.aspx?Product=3DExcel&Versio= n=3D95|97|98|2000|2002&Type=3DConverter|Viewer I've taken a slightly different approach this time, limiting the list = to only those stocks that are technically healthy. That means only about = 200 stocks make the grade. Now's the best time of all to get your = shopping lists ready. With so few stocks to evaluate, you can use your = time for effective due diligence. When Mr. M is ready to shine, you'll = be ready with your short list. At the market bottom in '98, very few = stocks made the cut, among them? AOL and YHOO, both of which had great = runs over the next couple of years. In order to make it to the current hunting list, the stock had to have = a forward growth of at least 15%, Price at least 6, Avg Daily Vol at = least 30K, RS at least 60, no more than 15% below the 50 day MA, and at = or above the 200 day MA. Occasionally I will not have data for a stock and it will slip onto = the list even though the minimum technicals will not actually be met. Prices current as of market close 7/22/02. Katherine - ------=_NextPart_000_00A3_01C2328D.41CE1E80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Hi Duke,
 
Since we have had so many members ask to be = unsubscribed=20 by posting to the group instead of just looking at the trailer that = accompanies=20 each of our posts, I doubt that many save Jeff's intro in order to refer = back=20 later. I thought of that as well, but don't have confidence it would do = much=20 good, altho wouldn't hurt to try either.
 
Don't look to me to post any "favorites" right = now, I am=20 totally shell shocked and numb.
 
----- Original Message -----=20
From: Duke=20 Miller
Sent: Tuesday, July 23, 2002 12:51 PM
Subject: RE: [CANSLIM] Updated CANSLIM hunting = list

What a great = thing to do=20 for us, Katherine.  Thanks very much.
 
It's my hope, = after viewing=20 this list, that we, as a group, look hard at these and our own = lists.  Then=20 lets put our favorites on the table so we can openly examine the=20 candidates.  If you've been on this list more than a week, you know = how=20 quick members are to jump on an issue.  
 
Also, would it = be a good=20 idea if Jeff Salisbury included the FAQ when confirming new members = to the=20 list?  That way, if just by a slight chance someone should ask = (for=20 the umpteenth time), "What's LLUR", a gentle reminder from any of us, = "See the=20 FAQ," would save hours of wasted effort.  
 
With the = Intraday charts=20 once again looking everything like the rugged terrain of Afghanistan, I = say have=20 a nice day one and all.
 
Duke  =20
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Tuesday, July 23, = 2002=20 10:39 AM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Updated CANSLIM hunting list

Hi All,
 
I've uploaded an updated CANSLIM Hunting list to the CANSLIM list = site:
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
This is a zipped Excel spreadsheet. If you don't have a copy of = Excel,=20 you can download a free viewer at:
http://of= fice.microsoft.com/downloads/default.aspx?Product=3DExcel&Version=3D9= 5|97|98|2000|2002&Type=3DConverter|Viewer
 
I've taken a slightly different approach this time, limiting the = list to=20 only those stocks that are technically healthy. That means only about = 200=20 stocks make the grade. Now's the best time of all to get your shopping = lists=20 ready. With so few stocks to evaluate, you can use your time for = effective due=20 diligence. When Mr. M is ready to shine, you'll be ready with your = short list.=20 At the market bottom in '98, very few stocks made the cut, among them? = AOL and=20 YHOO, both of which had great runs over the next couple of = years.
 
In order to make it to the current hunting list, the stock had to = have a=20 forward growth of at least 15%, Price at least 6, Avg Daily Vol at = least 30K,=20 RS at least 60, no more than 15% below the 50 day MA, and at or above = the 200=20 day MA.
 
Occasionally I will not have data for a stock and it will slip = onto the=20 list even though the minimum technicals will not actually be = met.
 
Prices current as of market close 7/22/02.
 
Katherine
- ------=_NextPart_000_00A3_01C2328D.41CE1E80-- - - - -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: Tue, 23 Jul 2002 21:14:44 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Updated CANSLIM hunting list jans, don't rely too much on the Aug 14 certification date, as it only involves about 1,000 of the top (I presume this means biggest) companies. For the rest of the 8,000 or so companies, you either rely on what they are reporting now, or don't, or do your own investigation of their SEC filings. I also got the impression that the certification is something of a voluntary thing ("SEC has requested") rather than totally mandatory, so any red flags will be just those either now restating past reports significantly, or not certifying by the deadline. - ----- Original Message ----- From: To: Sent: Tuesday, July 23, 2002 4:09 PM Subject: Re: [CANSLIM] Updated CANSLIM hunting list Ernie & Katherine: Ernie, I'm sorry to see you leave the list. However, I understand why you intend to be not even a "lurker". Canslim is not for shorts, and its formula relies on the Market being a bull before buying stocks. And if the Market.-according to your calculations-won't rally till March/03.... But I do want to thank you for your responses when I had Elliot Wave queries. I appreciate the replies, and I did re-learn and learn things about Wave analysis which I had forgotten or neglected to take to heart. Katherine, I know WON says to make a shopping list of stocks that look good during bear markets-but this bear has been going on nearly 3 years. Moreover, how can anyone trust the earning, sales, and cash-flow figures on which EPS and RS are based (not to mention trust annual and quarterly earnings and sales) until at least after August 14th (when CEOs and CFOs must certify their figures or face jail time). I've had a shopping list for nearly 3 years, and the stocks in the list keep changing (I've removed from my list charts that show stocks which have fallen below their 200 DMA; or charts whose earnings in the current quarters are less than WON-ish; or charts whose RS's are plummeting). As an example of my less than sanguine attitude: IBD's screen today includes stocks that have increased earnings the last few quarters. No doubt, some of those stocks will be deleted next quarter-and the quarter after that, and the quarter...etc. Excuse my rant, I know your right: Compiling a shopping list of nice stocks now is a good idea. I'll not only know what stocks to look at (when the Bull wakes up), but during this interim, looking at those stock's charts gives me the opportunity to hone my technical skills. But the passage: "When Mr. M is ready to shine..." was just too much. jans In a message dated 7/23/2002 10:45:03 AM Eastern Daylight Time, kmalm@earthlink.net writes: << Now's the best time of all to get your shopping lists ready. With so few stocks to evaluate, you can use your time for effective due diligence. When Mr. M is ready to shine, you'll be ready with your short list. At the market bottom in '98, very few stocks made the cut, among them? AOL and YHOO, both of which had great runs over the next couple of years. >> - - - -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: Tue, 23 Jul 2002 22:16:23 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Updated CANSLIM hunting list This is a multi-part message in MIME format. - ------=_NextPart_000_0019_01C23296.979BAB80 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Tom, You know, I don't have any "favorites" right now, either. But I intend to find some. I guess the point is: Somewhere, out there, 'neath the sky so blue, some...where, out...there... Heard that song before!! Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Tuesday, July 23, 2002 9:10 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Updated CANSLIM hunting list Hi Duke, Since we have had so many members ask to be unsubscribed by posting to the group instead of just looking at the trailer that accompanies each of our posts, I doubt that many save Jeff's intro in order to refer back later. I thought of that as well, but don't have confidence it would do much good, altho wouldn't hurt to try either. Don't look to me to post any "favorites" right now, I am totally shell shocked and numb. - ----- Original Message ----- From: Duke Miller To: canslim@lists.xmission.com Sent: Tuesday, July 23, 2002 12:51 PM Subject: RE: [CANSLIM] Updated CANSLIM hunting list What a great thing to do for us, Katherine. Thanks very much. It's my hope, after viewing this list, that we, as a group, look hard at these and our own lists. Then lets put our favorites on the table so we can openly examine the candidates. If you've been on this list more than a week, you know how quick members are to jump on an issue. Also, would it be a good idea if Jeff Salisbury included the FAQ when confirming new members to the list? That way, if just by a slight chance someone should ask (for the umpteenth time), "What's LLUR", a gentle reminder from any of us, "See the FAQ," would save hours of wasted effort. With the Intraday charts once again looking everything like the rugged terrain of Afghanistan, I say have a nice day one and all. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, July 23, 2002 10:39 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Updated CANSLIM hunting list Hi All, I've uploaded an updated CANSLIM Hunting list to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip This is a zipped Excel spreadsheet. If you don't have a copy of Excel, you can download a free viewer at: http://office.microsoft.com/downloads/default.aspx?Product=Excel &Version=95|97|98|2000|2002&Type=Converter|Viewer I've taken a slightly different approach this time, limiting the list to only those stocks that are technically healthy. That means only about 200 stocks make the grade. Now's the best time of all to get your shopping lists ready. With so few stocks to evaluate, you can use your time for effective due diligence. When Mr. M is ready to shine, you'll be ready with your short list. At the market bottom in '98, very few stocks made the cut, among them? AOL and YHOO, both of which had great runs over the next couple of years. In order to make it to the current hunting list, the stock had to have a forward growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 day MA, and at or above the 200 day MA. Occasionally I will not have data for a stock and it will slip onto the list even though the minimum technicals will not actually be met. Prices current as of market close 7/22/02. Katherine - ------=_NextPart_000_0019_01C23296.979BAB80 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Tom,
 
You know, I = don't have any=20 "favorites" right now, either.  But I intend to find some.  I = guess=20 the point is:  Somewhere, out there, 'neath the sky so blue, = some...where,=20 out...there...
 
Heard that song = before!!
 
Duke
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Tuesday, July 23, 2002 = 9:10=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Updated CANSLIM hunting list

Hi Duke,
 
Since we have had so many members ask to be = unsubscribed=20 by posting to the group instead of just looking at the trailer that=20 accompanies each of our posts, I doubt that many save Jeff's intro in = order to=20 refer back later. I thought of that as well, but don't have confidence = it=20 would do much good, altho wouldn't hurt to try either.
 
Don't look to me to post any "favorites" right = now, I am=20 totally shell shocked and numb.
 
----- Original Message -----=20
From: Duke=20 Miller
Sent: Tuesday, July 23, 2002 12:51 PM
Subject: RE: [CANSLIM] Updated CANSLIM hunting = list

What a great = thing to do=20 for us, Katherine.  Thanks very much.
 
It's my hope, = after=20 viewing this list, that we, as a group, look hard at these and our own = lists.  Then lets put our favorites on the table so we can openly = examine=20 the candidates.  If you've been on this list more than a week, = you know=20 how quick members are to jump on an = issue.  
 
Also, would = it be a good=20 idea if Jeff Salisbury included the FAQ when confirming new = members to=20 the list?  That way, if just by a slight chance someone = should ask=20 (for the umpteenth time), "What's LLUR", a gentle reminder from any of = us,=20 "See the FAQ," would save hours of wasted=20 effort.  
 
With the = Intraday charts=20 once again looking everything like the rugged terrain of Afghanistan, = I say=20 have a nice day one and all.
 
Duke  =20
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine Malm
Sent: Tuesday, July 23, = 2002=20 10:39 AM
To: canslim@lists.xmission.com
Subject: = [CANSLIM] Updated CANSLIM hunting list

Hi All,
 
I've uploaded an updated CANSLIM Hunting list to the CANSLIM = list=20 site:
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
This is a zipped Excel spreadsheet. If you don't have a copy of = Excel,=20 you can download a free viewer at:
http://of= fice.microsoft.com/downloads/default.aspx?Product=3DExcel&Version=3D9= 5|97|98|2000|2002&Type=3DConverter|Viewer
 
I've taken a slightly different approach this time, limiting = the list=20 to only those stocks that are technically healthy. That means only = about 200=20 stocks make the grade. Now's the best time of all to get your = shopping lists=20 ready. With so few stocks to evaluate, you can use your time for = effective=20 due diligence. When Mr. M is ready to shine, you'll be ready with = your short=20 list. At the market bottom in '98, very few stocks made the cut, = among them?=20 AOL and YHOO, both of which had great runs over the next couple of=20 years.
 
In order to make it to the current hunting list, the stock had = to have=20 a forward growth of at least 15%, Price at least 6, Avg Daily Vol at = least=20 30K, RS at least 60, no more than 15% below the 50 day MA, and at or = above=20 the 200 day MA.
 
Occasionally I will not have data for a stock and it will slip = onto the=20 list even though the minimum technicals will not actually be = met.
 
Prices current as of market close 7/22/02.
 
Katherine
- ------=_NextPart_000_0019_01C23296.979BAB80-- - - - -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 #2651 ****************************** 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.