From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3098 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 Sunday, December 22 2002 Volume 02 : Number 3098 In this issue: Re: [CANSLIM] confusion with after-hours trading - CEDC Re: [CANSLIM] confusion with after-hours trading - CEDC Re: [CANSLIM] OK Show me BIG MONEY ---------------------------------------------------------------------- Date: Sat, 21 Dec 2002 21:37:06 -0700 From: "rolf hertenstein" Subject: Re: [CANSLIM] confusion with after-hours trading - CEDC Thanks, Tom, I didn't consider the inaccurate data possibility. And the 'anything can happen' explains why I sometimes see (on various stocks) bid 0.01 ask 2000. when I get a YAHOO quote after hours. Rolf > Rolf, > > Even tho it is nasdaq.com, the data could be inaccurate, or could be a late > report. With it so far out of the day's trading range, I suspect the former. > That said, anything can happen in after hours trading, just depends on how > badly someone wants to sell or buy. > > ----- Original Message ----- > From: "rolf hertenstein" > To: > Sent: Saturday, December 21, 2002 10:50 AM > Subject: [CANSLIM] confusion with after-hours trading - CEDC > > > First, I have no intention of after-hours trading, I'm just trying to > understand what went on. > > That said, the other day CEDC ran up over $20, then closed above $18 > in regular trading. I then noticed on nasdaq.com that several trades, > totalling a few thousand shares, seemed to be executed between $12.60 > and about $16.50, with the last trade or two happening at the higher > number. By the next morning, CEDC opened near its previous day's > regular trading close. > > Can someone explain what's going on? Seems like some folks got shares > cheap, while others sold 'em quite cheap. > > Rolf > > > > - > -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: Sat, 21 Dec 2002 23:59:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] confusion with after-hours trading - CEDC the reason you get quotes like that after hours is that most / all market makers have withdrawn their quotes. - ----- Original Message ----- From: "rolf hertenstein" To: Sent: Saturday, December 21, 2002 11:37 PM Subject: Re: [CANSLIM] confusion with after-hours trading - CEDC Thanks, Tom, I didn't consider the inaccurate data possibility. And the 'anything can happen' explains why I sometimes see (on various stocks) bid 0.01 ask 2000. when I get a YAHOO quote after hours. Rolf > Rolf, > > Even tho it is nasdaq.com, the data could be inaccurate, or could be a late > report. With it so far out of the day's trading range, I suspect the former. > That said, anything can happen in after hours trading, just depends on how > badly someone wants to sell or buy. > > ----- Original Message ----- > From: "rolf hertenstein" > To: > Sent: Saturday, December 21, 2002 10:50 AM > Subject: [CANSLIM] confusion with after-hours trading - CEDC > > > First, I have no intention of after-hours trading, I'm just trying to > understand what went on. > > That said, the other day CEDC ran up over $20, then closed above $18 > in regular trading. I then noticed on nasdaq.com that several trades, > totalling a few thousand shares, seemed to be executed between $12.60 > and about $16.50, with the last trade or two happening at the higher > number. By the next morning, CEDC opened near its previous day's > regular trading close. > > Can someone explain what's going on? Seems like some folks got shares > cheap, while others sold 'em quite cheap. > > Rolf > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 22 Dec 2002 10:37:14 -0800 From: "John Calkins" Subject: Re: [CANSLIM] OK Show me BIG MONEY This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01C2A9A6.175559D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine,=20 I have made a huge change in my approach to screening for stocks using = IBD. After more than 4 years of following the data almost exclusively in = IBD, as you say driving me and my family nuts, I canceled my = subscription to the paper. The main reason was they were unable to = deliver it to me before I left for work each day. I would use some of my = free time at work to keep up. As you suggest, I have decided to look at = the paper (once each week) to confirm my screens rather than use it for = my stock selection. I decided to do this because my local cable company = recently offered the high-speed cable. I have for years fiddled around = with some of the free screens on Yahoo and MSN but was so disappointed = in the time it took just to set up a few simple screens, that I simply = gave up because of the slow results. That now has all changed. I = certainly would not have even considered making this change until I = could justify my time to try another method.=20 I agree with you in keeping the screens simple and applicable to what I = have learned so far. Being that I started my search in the paper with = the stocks making big volume moves, I have started my search (for now) = using the simple screens that are on MSN's Deluxe screener and Multex's = Simple Screening. The MSN Deluxe Screener (MSN DS) has some preset screens. The first one = I'm looking at is Advisor FYI, Trading & Volume, Price Up on Heavy = Volume and its description: Trading volume for this company was triple its 13-week average, and its = price was up by at least 5%. A jump in price on big volume is generally = considered a bullish indicator because it suggests that the stock is = under accumulation. This screen gave me an alphabetical list on 113 companies. Using the Multex Screen Criterion Builder (Mult SCB) and looking at the = available variables, I am unable to replicate the MSN DS screen. Looking = for the increase percentage in volume is not included in the variables. So my first question is, knowing that I'm trying to replicate the IBD = volume moves, do you see a way to use one of these screens to do so? Thanks JC=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, November 24, 2002 12:25 PM Subject: Re: [CANSLIM] OK Show me BIG MONEY Hi John, =20 I think the issue you address is a very important one for many CANSLIM = investors. That is, at what point to you make a choice to use sources = other than the IBD itself for your candidate mining? For the newest of = CANSLIM investors, the best place to mine is the IBD itself, because = their canned mining strategies lead you to strength in many different = ways. It's the best way to learn and to fully understand the application = of the underlying CANSLIM principles. But, at some point, if you have a = portfolio of size, if you are frustrated by the time it takes to do the = job manually, or you just prefer a more personal methodology, it becomes = necessary to branch out. Despite the fact that the IBD says that you can = do what it takes in 15 minutes or less a day, I think that's an = understatement. I'd like to see a hedge fund manager manage their = portfolio on 15 minutes a day!=20 =20 It's interesting to me that Investors.com has come on so strong with = electronic content, because as late as June of 2000 when I attended my = last IBD seminar, WON was firmly stating that he would not put the paper = on the web. There's certainly an advantage in forcing folks to either = pay up for the proprietary data or in forcing them to manually extract = it, but as they obviously figured out, it's not necessarily the smartest = way to engender loyalty to the proprietary indicators and the WON = products or to expand market share. So, let's say that a person was = ready to move on to other means of mining for their candidates. The IBD = then becomes a different and important tool as a means for continuing = education, keeping up on current news, interpreting the market, = researching up and coming companies, etc. =20 I made the leap away from the IBD for mining shortly after adopting = CANSLIM as my preferred style because I'd much rather be having dinner = with my husband than highlighting stocks in the = must-have-a-magnifying-glass-to-read-it stock tables or re-entering = stock data into a spreadsheet manually. (Something I did, by the way, = for long enough that it made me crazy.) As I see it, there are 3 primary = issues in making a choice as to how to go about this: =20 (1) If you're currently relying on items such as "Where the Big = Money's Flowing," "Weekend Review" and "Screen of the Day" to find = candidates, what's behind the numbers? How would I go about finding = strength if I were doing it myself? How do I know if a stock is a = "CANSLIM candidate" and how do I find them? (2) What is more important when looking for strength, fundamentals = or technicals? When is it more appropriate to use one vs the other? What = emphasis should I place on each of them when mining? When sorting and/or = whittling down a list of potential candidates? (3) What tools can I use once I figure that out? Should they be = free or paid tools and what is the advantage/disadvantage to each of = them? =20 As you well know, mining for candidates and keeping a pulse on the ebb = and flow of the market is only a small part of the CANSLIM process, but = it nonetheless one of the most critical if you're to generate consistent = returns over long periods of time. =20 I'll post some additional detail on each of the 3 items I outlined = when I have some additional time. In the meantime, I thought I'd include = the criteria for 3 of IBD's mining features as a lead in to item (1). = Notice that each of them has a very specific set of criteria for finding = strength and also notice that if you had tools to do this mining = yourself, you wouldn't necessarily need to extract the info manually = from the paper or download it to an individual spreadsheet as with the = Screen of the Day. =20 Current Screen of the Day: Up/Down Volume Leaders--These stocks have the highest up/down volume = ratio, which indicates buying volume has exceeded selling volume in = recent weeks. Stocks shown have an EPS Rating and Relative Price = Strength Rating of at least 80 along an Accumulation/Distribution Rating = of at least B-. The qualification criteria for listing in 'Where The Big Money's = Flowing Now:'=20 Stocks that show on the list are moving up or down in price with daily = volume at a significant percentage of the average daily volume. a.. Stocks must trade on the Nasdaq or New York Stock Exchange.=20 b.. Stock price must be at least $20.00 ($16.00 for Nasdaq).=20 c.. Stocks must have a price change of 1/2 point or more.=20 d.. 50-day Average Volume must be a minimum of 60,000 shares.=20 e.. For stocks up in price only, the Earnings Per Share (EPS) and = Relative Price Strength (RS) Ratings must each be a minimum of 70, = Accumulation/Distribution Rating must be D+ or better and next year's = earnings estimate must be 15% or higher from the previous year's = earnings. (Stocks without earnings estimates are included.)=20 The qualification criteria for the Weekend Review (Friday's IBD): All stocks above $10, within 15% of 12-month high, EPS Rating and RS = Rating of 85 or more and average daily volume of 10,0000 or more are = shown in order of Industry Group RS Rating. =20 =20 --Katherine ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 22, 2002 8:10 AM Subject: Re: [CANSLIM] OK Show me BIG MONEY Hi Katherine,=20 It really is good to hear from you! You somehow bring things into = perspective.=20 I understand the piling up of the papers and the hours of manual = mining. I must say I have learned as much from you and this group as I = have from the paper in a fraction of the time.=20 I used to run a large computer user club back in the early 80's. I = have for years gone door to door helping my family, friends, neighbors, = co-workers and computer enthusiasts discover a better way to use their = computers. My employers have tapped my talents many times, and all along = I have enjoyed it tremendously. I got interested in individual stock = investing when these great retired people would fill my head with = investing terms as I replaced a hard drive for them in their home....no = cost...just because I liked to visit and it became a trade that they = knew I accepted. They would talk about The Dow Theory and show me some = graphs, or some Ameritrade software before the internet was called WWW = or Dog of the Dow. Then someone asked me about IBD and I have been = absolutely absorbed in it ever since. I do believe I need to move on and = use my time more wisely though. I now have a base to start from, much as = you have said in the past. I believe that everyone truly interested in = stock investing at some point should take out a subscription at least = long enough to get to the next level or maybe know how to measure there = success.=20 I can really appreciate your involvement in this group. It's your = ability to teach others and at the some time add knowledge to enhance = your own understanding that is what is so compelling here. I truly = appreciate your input to this group. Katherine, I would have a difficult time without IBD right now. Like = you say, The Big Picture is worth the cost of the paper at least for a = while longer. I pin it up in front of my Nordic-Trac for 40 min each = morning, killing two birds. I am having a hard time understanding just = how you actually start your lists. Maybe I need to re-read your posts = some more, but IBD's screens at least have sorted lists following = CANSLIM. I have seen their screens printed Forbes. I see your references = to BIG MONEY, but without using IBD's Big Money screens, how do you get = started with a manageable list? I guess I still feel that I need some = hand holding here.=20 I have stopped recording all the mini chart symbols, I saw the = correlation and bias such as you say. Now All I record is all the Big = Money on both exchanges and use and excel sheet macro that one of the = members came up with to sort the Screen of the Day. I just use the = "Number of Times" appeared in the Big Money to sort my list then head = straight for the charts when the market looks better simply starting at = the top of the list and spending most of my time reading charts from = Investors.com. Like everyone else, this group is becoming and index for = me to decide if I want to run the screen. I then use The Screen of the = Day and Stock Checkup to double check after I look at the chart But if there is an easier way to find the big money, I guess I = haven't understood it quite yet, or maybe if I put the paper down long = enough and try some of these sites you and others suggest, I might see = the light. I just want to try to correlate the data online to what is = showing with the IBD data. For those who don't really understand The Big Money, it simply is = IBD's proprietary screen of high quality stocks that institutional = investors might be buying with high Relative Price Strength and high IBD = Earnings Ratings that might be climbing the right side of the cup, = indicating that the chart should be looked at. JC ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, November 17, 2002 9:02 PM Subject: Re: [CANSLIM] OK Show me BIG MONEY Hi John, I think the use of the IBD vs other free or paid services is more = than anything a matter of style and preference. There are many here on = the CANSLIM list who use the IBD exclusively for finding investment = candidates, others who practice the CANSLIM and or growth style of = investing but use other tools, and still others who use the IBD and/or = DGO in combination with other paid services. I still read the IBD's Big = Picture via the web each day and utilize the numerous educational = features they provide, but I let the papers pile up for about a month = before I read them these days, as all of my day to day mining and news = monitoring is done via other free and paid services. I personally found = the IBD too time consuming to use as a methodical mining tool and it = didn't allow me to track the ebb and flow of the market without being = influenced by their editorial bias. It's amazing how much information is = available for free on the web these days, so it's entirely possible to = mine and track good quality growth/CANSLIM candidates even without paid = tools. Regardless of the choice, I still think the real secret to = successful investing is using a disciplined approach and a = methodical/consistent methodology. I think most would be hard pressed to = argue any one tool was "better" than another, just "better for you." Katherine ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Sunday, November 17, 2002 10:17 PM Subject: [CANSLIM] OK Show me BIG MONEY OK! Some say IBD is invaluable. Others say it BS. So show me = how I can find Where The Big Moneys Flow......OOps, I mean Going with out = using the screen in the paper and without buying some other service. JC - -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_000B_01C2A9A6.175559D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Katherine,

I have made a huge change in my approach to screening for stocks = using IBD.=20 After more than 4 years of following the data almost exclusively in IBD, = as you=20 say driving me and my family nuts, I canceled my subscription to the = paper. The=20 main reason was they were unable to deliver it to me before I left for = work each=20 day. I would use some of my free time at work to keep up. As you = suggest, I have=20 decided to look at the paper (once each week) to confirm my screens = rather than=20 use it for my stock selection. I decided to do this because my local = cable=20 company recently offered the high-speed cable. I have for years fiddled = around=20 with some of the free screens on Yahoo and MSN but was so disappointed = in the=20 time it took just to set up a few simple screens, that I simply gave up = because=20 of the slow results. That now has all changed. I certainly would not = have even=20 considered making this change until I could justify my time to try = another=20 method.

I agree with you in keeping the screens simple and applicable to what = I have=20 learned so far. Being that I started my search in the paper with the = stocks=20 making big volume moves, I have started my search (for now) using the = simple=20 screens that are on MSN=92s Deluxe screener and Multex=92s Simple = Screening.

The MSN Deluxe Screener (MSN DS) has some preset screens. The first = one I=92m=20 looking at is Advisor FYI, Trading & Volume, Price Up on Heavy = Volume and=20 its description:

Trading volume for this company was triple its 13-week average, and = its price=20 was up by at least 5%. A jump in price on big volume is generally = considered a=20 bullish indicator because it suggests that the stock is under = accumulation.

This screen gave me an alphabetical list on 113 = companies.

Using the Multex Screen Criterion Builder (Mult SCB) and looking at = the=20 available variables, I am unable to replicate the MSN DS screen. Looking = for the=20 increase percentage in volume is not included in the variables.

So my first question is, knowing that I=92m trying to replicate the = IBD volume=20 moves, do you see a way to use one of these screens to do so?

Thanks

JC

 

----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Sunday, November 24, 2002 = 12:25=20 PM
Subject: Re: [CANSLIM] OK Show = me BIG=20 MONEY

Hi John,

 

I think the issue = you address=20 is a very important one for many CANSLIM investors. That is, at what = point to=20 you make a choice to use sources other than the IBD itself for your = candidate=20 mining? For the newest of CANSLIM investors, the best place to = mine is=20 the IBD itself, because their canned mining strategies lead you to = strength in=20 many different ways. It=92s the best way to learn and to fully = understand the=20 application of the underlying CANSLIM principles. But, at some point, = if you=20 have a portfolio of size, if you are frustrated by the time it takes = to do the=20 job manually, or you just prefer a more personal methodology, it = becomes=20 necessary to branch out. Despite the fact that the IBD says that you = can do=20 what it takes in 15 minutes or less a day, I think that=92s an = understatement.=20 I=92d like to see a hedge fund manager manage their portfolio on 15 = minutes a=20 day!

 

It=92s interesting = to me that=20 Investors.com has come on so strong with electronic content, because = as late=20 as June of 2000 when I attended my last IBD seminar, WON was firmly = stating=20 that he would not put the paper on the web. There=92s certainly an = advantage in=20 forcing folks to either pay up for the proprietary data or in forcing = them to=20 manually extract it, but as they obviously figured out, it=92s not = necessarily=20 the smartest way to engender loyalty to the proprietary indicators and = the WON=20 products or to expand market share. So, let=92s say that a person was = ready to=20 move on to other means of mining for their candidates. The IBD then = becomes a=20 different and important tool as a means for continuing education, = keeping up=20 on current news, interpreting the market, researching up and coming = companies,=20 etc.

 

I made the leap = away from the=20 IBD for mining shortly after adopting CANSLIM as my preferred style = because=20 I=92d much rather be having dinner with my husband than highlighting = stocks in=20 the must-have-a-magnifying-glass-to-read-it stock tables or = re-entering stock=20 data into a spreadsheet manually. (Something I did, by the way, for = long=20 enough that it made me crazy.) As I see it, there are 3 primary issues = in=20 making a choice as to how to go about this:

 

(1)   If you=92re = currently=20 relying on items such as =93Where the Big Money=92s Flowing,=94 = =93Weekend Review=94 and=20 =93Screen of the Day=94 to find candidates, what=92s behind the = numbers? How=20 would I go about finding strength if I were doing it myself? How do I = know if=20 a stock is a =93CANSLIM candidate=94 and how do I find them?

(2)   What is more = important=20 when looking for strength, fundamentals or technicals? When is it more = appropriate to use one vs the other? What emphasis should I place on = each of=20 them when mining? When sorting and/or whittling down a list of = potential=20 candidates?

(3)    What tools can  I use once I figure that = out? Should=20 they be free or paid tools and what is the advantage/disadvantage to = each of=20 them?

 

As you well know, = mining for=20 candidates and keeping a pulse on the ebb and flow of the market is = only a=20 small part of the CANSLIM process, but it nonetheless one of the most = critical=20 if you=92re to generate consistent returns over long periods of = time.

 

I=92ll post some = additional=20 detail on each of the 3 items I outlined when I have some additional = time. In=20 the meantime, I thought I=92d include the criteria for 3 of IBD=92s = mining=20 features as a lead in to item (1). Notice that each of them has a very = specific set of criteria for finding strength and also notice that if = you had=20 tools to do this mining yourself, you wouldn=92t necessarily need to = extract the=20 info manually from the paper or download it to an individual = spreadsheet as=20 with the Screen of the Day.

 

Current Screen of = the Day:

Up/Down Volume = Leaders--These=20 stocks have the highest up/down volume ratio, which = indicates buying=20 volume has exceeded selling volume in recent weeks. Stocks shown have = an EPS Rating and Relative Price Strength Rating of = at least=20 80 along an Accumulation/Distribution Rating = of at least=20 B-.

The qualification criteria for listing in 'Where The Big Money's = Flowing=20 Now:'

Stocks that show on the list are moving up or down in price with = daily=20 volume at a significant percentage of the average daily volume.

  • Stocks = must trade on the Nasdaq or New York Stock Exchange.=20
  • Stock=20 price must be at least $20.00 ($16.00 for Nasdaq).=20
  • Stocks = must have a price change of 1/2 point or more.=20
  • 50-day = Average Volume must be a minimum of 60,000 shares.=20
  • For=20 stocks up in price only, the Earnings Per Share (EPS) and Relative = Price=20 Strength (RS) Ratings must each be a minimum of 70,=20 Accumulation/Distribution Rating must be D+ or better and next = year's=20 earnings estimate must be 15% or higher from the previous year's = earnings.=20 (Stocks without earnings estimates are included.)

The qualification = criteria for=20 the Weekend Review (Friday's IBD):

All stocks above = $10, within=20 15% of 12-month high, EPS Rating and RS Rating of 85 or more and = average daily=20 volume of 10,0000 or more are shown in order of Industry Group RS = Rating.

 

 

--Katherine

----- Original Message -----
From:=20 John=20 Calkins
Sent: Friday, November 22, = 2002 8:10=20 AM
Subject: Re: [CANSLIM] OK = Show me BIG=20 MONEY

Hi Katherine,

It really is good to hear from you! You somehow bring things into = perspective.

I understand the piling up of the papers and the hours of manual = mining.=20 I must say I have learned as much from you and this group as I have = from the=20 paper in a fraction of the time.

I used to run a large computer user club back in the early 80's. = I have=20 for years gone door to door helping my family, friends, neighbors,=20 co-workers and computer enthusiasts discover a better way to use = their=20 computers. My employers have tapped my talents many times, and all = along I=20 have enjoyed it tremendously. I got interested in individual stock = investing=20 when these great retired people would fill my head with investing = terms as I=20 replaced a hard drive for them in their home....no cost...just = because I=20 liked to visit and it became a trade that they knew I accepted. They = would=20 talk about The Dow Theory and show me some graphs, or some = Ameritrade=20 software before the internet was called WWW or Dog of the Dow. Then = someone=20 asked me about IBD and I have been absolutely absorbed in it ever = since. I=20 do believe I need to move on and use my time more wisely though. I = now have=20 a base to start from, much as you have said in the past. I believe = that=20 everyone truly interested in stock investing at some point should = take out a=20 subscription at least long enough to get to the next level or maybe = know how=20 to measure there success.

I can really appreciate your involvement in this group. It's your = ability=20 to teach others and at the some time add knowledge to enhance your = own=20 understanding that is what is so compelling here. I truly appreciate = your=20 input to this group.

Katherine, I would have a difficult time without IBD right now. = Like you=20 say, The Big Picture is worth the cost of the paper at least for a = while=20 longer. I pin it up in front of my Nordic-Trac for 40 min each = morning,=20 killing two birds. I am having a hard time understanding just how = you=20 actually start your lists. Maybe I need to re-read your posts some = more, but=20 IBD=92s screens at least have sorted lists following CANSLIM. I have = seen=20 their screens printed Forbes. I see your references to BIG MONEY, = but=20 without using IBD=92s Big Money screens, how do you get started with = a=20 manageable list? I guess I still feel that I need some hand holding = here.=20

I have stopped recording all the mini chart symbols, I saw the=20 correlation and bias such as you say. Now All I record is all the = Big Money=20 on both exchanges and use and excel sheet macro that one of the = members came=20 up with to sort the Screen of the Day. I just use the "Number of = Times"=20 appeared in the Big Money to sort my list then head straight for the = charts=20 when the market looks better simply starting at the top of the list = and=20 spending most of my time reading charts from Investors.com. Like = everyone=20 else, this group is becoming and index for me to decide if I want to = run the=20 screen. I then use The Screen of the Day and Stock Checkup to double = check=20 after I look at the chart

But if there is an easier way to find the big money, I guess I = haven't=20 understood it quite yet, or maybe if I put the paper down long = enough and=20 try some of these sites you and others suggest, I might see the = light. I=20 just want to try to correlate the data online to what is showing = with the=20 IBD data.

For those who don=92t really understand The Big Money, it simply = is IBD=92s=20 proprietary screen of high quality stocks that institutional = investors might=20 be buying with high Relative Price Strength and high IBD Earnings = Ratings=20 that might be climbing the right side of the cup, indicating that = the chart=20 should be looked at.

JC

----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Sunday, November 17, = 2002 9:02=20 PM
Subject: Re: [CANSLIM] OK = Show me BIG=20 MONEY

Hi John,
 
I think the use of the IBD vs other free or paid services is = more=20 than anything a matter of style and preference. There are many = here on the=20 CANSLIM list who use the IBD exclusively for finding investment=20 candidates, others who practice the CANSLIM and or growth style of = investing but use other tools, and still others who use the IBD = and/or DGO=20 in combination with other paid services. I still read the IBD's = Big=20 Picture via the web each day and utilize the numerous educational = features=20 they provide, but I let the papers pile up for about a month = before I read=20 them these days, as all of my day to day mining and news = monitoring is=20 done via other free and paid services. I personally found the IBD = too time=20 consuming to use as a methodical mining tool and it didn't allow = me to=20 track the ebb and flow of the market without being influenced by = their=20 editorial bias. It's amazing how much information is available for = free on=20 the web these days, so it's entirely possible to mine and track = good=20 quality growth/CANSLIM candidates even without paid tools. = Regardless of=20 the choice, I still think the real secret to successful investing = is using=20 a disciplined approach and a methodical/consistent methodology. I = think=20 most would be hard pressed to argue any one tool was "better" than = another, just "better for you."
 
Katherine
----- Original Message ----- =
From:=20 John=20 Calkins
To: canslim@lists.xmission.com= =20
Sent: Sunday, November = 17, 2002=20 10:17 PM
Subject: [CANSLIM] OK = Show me BIG=20 MONEY

OK!  Some say IBD is invaluable.  = Others say it=20 BS.  So show me how I can
find Where The Big Moneys=20 Flow......OOps,  I mean Going with out using the
screen = in the=20 paper and without buying some other=20 service.

JC


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