From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3166 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, February 9 2003 Volume 02 : Number 3166 In this issue: Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Worley's Weekend Weeview RE: POSS (was: [CANSLIM] where is everybody?) RE: POSS (was: [CANSLIM] where is everybody?) Re: POSS (was: [CANSLIM] where is everybody?) Re: POSS (was: [CANSLIM] where is everybody?) Re: [CANSLIM] Another Sugar Oasis !!! gold (was Re: [CANSLIM] Another Sugar Oasis !!!) RE: Rankings (was: POSS (was: [CANSLIM] where is everybody?)) [CANSLIM] Europe ---------------------------------------------------------------------- Date: Sat, 8 Feb 2003 13:39:29 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Worley's Weekend Weeview Hey Tom, nice job on the economic roundup this week, and every week for that matter. On 8 Feb 2003 at 14:15, Tom Worley wrote: > ECONOMICS > ISM reports that manufacturing activity dropped o 53.9 from 55.2, still > expansion, but at a slower pace, and in line with expectations of 54. The new > orders and the production indexes also slipped, as did the employment index. The > latter moved from 48.2 to 47.6, putting further evidence that the Employment > Report on Friday is not to be trusted. - - - -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, 8 Feb 2003 18:13:09 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview it was an interesting, and busy, week for economics. My take on it was fairly negative throughout the week, so was important to me to try and put some perspective on it, especially after I saw all the market commentaries speaking of it as a good series of economic reports. I am still not convinced after reviewing it all again. - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, February 08, 2003 3:39 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Hey Tom, nice job on the economic roundup this week, and every week for that matter. On 8 Feb 2003 at 14:15, Tom Worley wrote: > ECONOMICS > ISM reports that manufacturing activity dropped o 53.9 from 55.2, still > expansion, but at a slower pace, and in line with expectations of 54. The new > orders and the production indexes also slipped, as did the employment index. The > latter moved from 48.2 to 47.6, putting further evidence that the Employment > Report on Friday is not to be trusted. - - - -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, 08 Feb 2003 20:41:27 -0500 From: Roger Tawa Subject: RE: POSS (was: [CANSLIM] where is everybody?) Hi all, This thread brings up an issue I have been thinking about for a little while related to ranks, whether rs or eps. How important is it for the rank to match ibd's definitions exactly? Isn't anyone's calculation of a rank as relevant as another's? there are quite a few websites that say they calculate these values. how important is it that msn's calculations "are not weighted as they are at IBD/DGO, so don't give quite the same info"? I would assume that the calculations are relatively similar, but might differ by weight, or time period, or stock universe. Thanks. ================================================= Roger Tawa http://tawacentral.net/ [One thing about paradigms: shift happens.] [You ain't nothing yet.] -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Saturday, February 08, 2003 10:56 AM To: canslim@lists.xmission.com Subject: RE: POSS (was: [CANSLIM] where is everybody?) Hi Jack, Thanks for the kind feedback. The short answer to your question is that I pulled this info from the database at our cwhcharts site. In general, getting access to both industry and RSRank info in one place is a natty issue. At Investors.com, if you choose a stock, you'll be able to view the top 5 RS Ranked stocks in the same industry but no view of *all* stocks in the same industry. Even the pricier DGO subscription doesn't include industry/stock info without an additional charge (though you do get info on about 2800 stocks from one of their daily reports). Free sites like MSN will give you an RS, but these are not weighted as they are at IBD/DGO, so don't give quite the same info. You could use MSN or MarketGuide to get a general idea of all stocks in the industry (though their industries are not as finely cut as IBD's) or purchase an Industry/Ticker book from IBD and then look up each stock at Investors.com, but those options both take a lot of time. Quotes Plus (and HGS) has industry and (weighted) RSRank info, but they are also a paid service. Bottom line, it takes a subscription somewhere along the line to get the info. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jack Sent: Friday, February 07, 2003 5:25 PM To: canslim@lists.xmission.com Subject: RE:POSS (was: [CANSLIM] where is everybody?) Hi Katherine, how did you arrive at this list of 50 stocks in the medical produts industry ranked in decreasing RS order? Impressive work, as usual. Thanks Jack - --- Katherine Malm wrote: > Hi Ed, > > Here's a devil's advocate point of view on POSS-- > > In reviewing the industry, I noticed that overall, > nearly 2/3 of the industry > has RS<60 and is more than 5% below the 200dMA. A > quick chart review of stocks > in the industry with Price>=6 and ADV>=30000 (see > list below) gives me a view of > an industry that has stalled out at the very least > and rolling over at worst. > Recent sink holes such as ICUI and breakdowns or > failed breakouts such as BLUD, > ANSI, OSUR or BSTE don't reflect well on the group. > It's a big industry with a > diverse group of companies, so I would be inclined > to defer to POSS's direct > competitors for a more specific view (BSX, GDT), but > nonetheless, I think > leaders such as POSS will be the last to rollover > and so would view any breakout > with suspicion. > > Katherine > > > Symbol RS > CEP 96 > POSS 96 > BSTE 96 > OSUR 95 > RTIX 95 > BSX 94 > BLUD 93 > SYNO 91 > NOVT 91 > MATK 88 > VIVO 86 > ANSI 83 > IMDC 83 > ZMH 80 > STJ 77 > CYBX 75 > SYK 72 > RMD 72 > HGR 68 > BCR 63 > MMSI 62 > KNSY 60 > ACL 58 > RESP 57 > EW 54 > BONZ 53 > MDT 51 > THOR 49 > CYTC 45 > GDT 45 > AMMD 44 > MNTR 44 > BMET 39 > SRDX 39 > GB 36 > IART 36 > KYPH 35 > MIL 32 > LCBM 31 > CRL 30 > WMGI 28 > DP 26 > PLL 26 > SERO 26 > ICUI 25 > BAX 24 > CBM 17 > CLSR 15 > THER 13 > CPTS 6 > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Edward W. Gjertsen II > Sent: Friday, February 07, 2003 11:10 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] where is everybody? > > > When the market starts to roll over a little - > there is little to talk about. > BUT - we are seeing some very interesting setups. > POSS is one. We own this at > 18.40, we are looking to add to it if it forms a > handle here. There are > probably 5-10 more stocks that we are looking at. > So, keep at your research. > > > > Looking for some help here. I participate in a > live webcast called the "Look > Ahead." It's on tonight, Friday February 7, 2003 at > 4:30PM central time. We > talk about the markets, what's reports are coming up > next week, and my favorite > part, what stocks we like. I am highlighting POSS > tonight. Your commentary > regarding the show would be greatly appreciated! You > can click on to: > > > > WebFn or MSN Money - CNBC or Fidelity.com - Videos > @ Fidelity - WebFn Live > Video News > > > > Have a great weekend everyone. > > > > > > > > Ed Gjertsen II > > ed@macktracks.com > > > > > > Confidentiality Notice: This e-mail message, > including any attachments, is for > the sole use of the intended recipient(s) and may > contain confidential and > privileged information. Any unauthorized review, > use, disclosure or > distribution is prohibited. If you are not the > intended recipient, please > contact the sender by reply e-mail and destroy all > copies of the original > message. > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of Larry Worden > Sent: Friday, February 07, 2003 9:34 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] where is everybody? > > > > Is there something wrong with my Internet or is > everybody gown? > > Larry > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Tom Worley > Sent: Wednesday, February 05, 2003 8:22 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Taking Offense > > > > maybe it is easier for me because of nearly 7 > years on the board and seeing > how much Jeff stays in the background, but Ed's > point is on target, be careful > about overreacting before you have all the facts. > Good lesson for life, even > better one for investing. > > > > Jeff already invests a lot of his time and effort, > and probably money, in > providing this forum. I am willing to bet the very > last thing he is interested > in doing is having to monitor or censor every post. > > > > ----- Original Message ----- > > > > From: NANCY POLCARO > > To: canslim > > === message truncated === ===== Jack __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now. http://mailplus.yahoo.com - - - -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, 8 Feb 2003 19:10:36 -0700 From: "Patrick Wahl" Subject: RE: POSS (was: [CANSLIM] where is everybody?) I think others here have a different opinion on this matter, but to me things don't have to match exactly. I have used Quotes Plus, and found their EPS and RS rankings fine, although they are not the same as IBD. The underlying idea to these ratings is to find the stocks that are growing earnings at a good rate and whose stock price is performing well. Then a buy decision is made based on a few other factors, such as chart pattern. I think these alternate ratings allow one to home in the usual growth stocks just as well as the IBD services. On 8 Feb 2003 at 20:41, Roger Tawa wrote: > How important is it for the rank to match ibd's definitions exactly? Isn't > anyone's calculation of a rank as relevant as another's? there are quite a few > websites that say they calculate these values. how important is it that msn's > calculations "are not weighted as they are at IBD/DGO, so don't give quite the > same info"? - - - -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, 08 Feb 2003 20:19:02 -0600 From: Gene Ricci Subject: Re: POSS (was: [CANSLIM] where is everybody?) This is a multi-part message in MIME format. - ------=_NextPart_000_0030_01C2CFAF.520D3960 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Patrick, totally agree. The ease of getting the data and ranking from = QuotesPlus just about makes their data better than IBD/DGO to say = nothing about the significant cost savings. Gene=20 ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 08, 2003 8:10 PM Subject: RE: POSS (was: [CANSLIM] where is everybody?) I think others here have a different opinion on this matter, but to me = things=20 don't have to match exactly. I have used Quotes Plus, and found their = EPS and RS rankings fine, although they are not the same as IBD. The=20 underlying idea to these ratings is to find the stocks that are = growing=20 earnings at a good rate and whose stock price is performing well. = Then a=20 buy decision is made based on a few other factors, such as chart = pattern. =20 I think these alternate ratings allow one to home in the usual growth = stocks=20 just as well as the IBD services. On 8 Feb 2003 at 20:41, Roger Tawa wrote: > How important is it for the rank to match ibd's definitions exactly? = Isn't > anyone's calculation of a rank as relevant as another's? there are = quite a few > websites that say they calculate these values. how important is it = that msn's > calculations "are not weighted as they are at IBD/DGO, so don't give = quite the > same info"? - -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_0030_01C2CFAF.520D3960 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Patrick, totally agree. The ease of = getting the=20 data and ranking from QuotesPlus just about makes their data better than = IBD/DGO=20 to say nothing about the significant cost savings.
 
Gene 
----- Original Message -----
From:=20 Patrick = Wahl=20
Sent: Saturday, February 08, = 2003 8:10=20 PM
Subject: RE: POSS (was: = [CANSLIM] where=20 is everybody?)

I think others here have a different opinion on this = matter,=20 but to me things
don't have to match exactly.  I have used = Quotes=20 Plus, and found their
EPS and RS rankings fine, although they are = not the=20 same as IBD.  The
underlying idea to these ratings is to find = the=20 stocks that are growing
earnings at a good rate and whose stock = price is=20 performing well.  Then a
buy decision is made based on a few = other=20 factors, such as chart pattern. 
I think these alternate = ratings=20 allow one to home in the usual growth stocks
just as well as the = IBD=20 services.

On 8 Feb 2003 at 20:41, Roger Tawa wrote:

> = How=20 important is it for the rank to match ibd's definitions exactly?  = Isn't
> anyone's calculation of a rank as relevant as = another's? =20 there are quite a few
> websites that say they calculate these=20 values.  how important is it that msn's
> calculations "are = not=20 weighted as they are at IBD/DGO, so don't give quite the
> same=20 info"?



-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0030_01C2CFAF.520D3960-- - - - -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, 8 Feb 2003 23:05:42 -0500 From: "Tom Worley" Subject: Re: POSS (was: [CANSLIM] where is everybody?) I never expect different systems to produce exactly the same results, unless the method of calculation is known and copied. But what I would be careful about is where one system produces an 87 ranking and another produces a 65. That's a big difference. I think the real key is to find a data source you like and are comfortable with, then stick with it once you are satisfied that you get accurate info. If you get part of the data one place, and more from another, you may end up confused. Or if you keep changing which site you use, you will have conflicting info. - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, February 08, 2003 9:10 PM Subject: RE: POSS (was: [CANSLIM] where is everybody?) I think others here have a different opinion on this matter, but to me things don't have to match exactly. I have used Quotes Plus, and found their EPS and RS rankings fine, although they are not the same as IBD. The underlying idea to these ratings is to find the stocks that are growing earnings at a good rate and whose stock price is performing well. Then a buy decision is made based on a few other factors, such as chart pattern. I think these alternate ratings allow one to home in the usual growth stocks just as well as the IBD services. On 8 Feb 2003 at 20:41, Roger Tawa wrote: > How important is it for the rank to match ibd's definitions exactly? Isn't > anyone's calculation of a rank as relevant as another's? there are quite a few > websites that say they calculate these values. how important is it that msn's > calculations "are not weighted as they are at IBD/DGO, so don't give quite the > same info"? - - - -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, 9 Feb 2003 01:03:58 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] Another Sugar Oasis !!! Tom: Why do you think Gold is near its peak? jans In a message dated 2/8/2003 12:28:56 AM Eastern Standard Time, stkguru@bellsouth.net writes: << I think gold is near a peak....>> - - - -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, 9 Feb 2003 06:01:49 -0500 From: "Tom Worley" Subject: gold (was Re: [CANSLIM] Another Sugar Oasis !!!) biggest impediment to both a market and an economic recovery is the uncertainty over war with Iraq. One way or another, that uncertainty is likely to be resolved in only weeks to months. Given a recovering market, and an improving economy as big business finally starts spending, and gold loses some of its luster, especially for those sitting with big profits. - ----- Original Message ----- From: To: Sent: Sunday, February 09, 2003 1:03 AM Subject: Re: [CANSLIM] Another Sugar Oasis !!! Tom: Why do you think Gold is near its peak? jans In a message dated 2/8/2003 12:28:56 AM Eastern Standard Time, stkguru@bellsouth.net writes: << I think gold is near a peak....>> - - - -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, 9 Feb 2003 08:53:32 -0600 From: "Katherine Malm" Subject: RE: Rankings (was: POSS (was: [CANSLIM] where is everybody?)) Hi All, I have run comparisons between IBD/DGO's and QP2's EPS Rankings and found overall inconsistencies, so I don't see them as particularly interchangeable. In general, the QP2 ranking seems to be more sensitive to recent quarters than does the IBD/DGO ranking. However, I haven't used the EPS rankings in ages, as they are a summary indicator of the raw fundamental data which is readily available these days. I think in an age where fundamental data was hard to get your hands on, this ranking was useful. But the days of waiting for the 10K's and annual reports to arrive by mail or trudging to the library to read the ValueLine, or waiting (or paying) for S&P Reports from your broker are long gone. WON clearly lays out the fundamental requirements necessary if a stock is to be considered CANSLIM material, so if one has their hands on that, they have the necessary info to evaluate the stock. I agree with you Tom that consistency of source is key, especially if the measure could potentially create notable inconsistency in rankings. I've looked at the methodology of both IBD/DGO and QP2 and the RSRank methodology itself is relatively consistent. The differences arise in their treatment of stocks with less than 1 quarter's data and in the universe of stocks that they use for rank ordering. In this case, either one is sufficient for drawing your eye to strength in the same way, though there are often significant differences in rank when there is not a full year's trading history. That aside, I view the rankings as interchangeable, as long as one uses one source or the other vs. a mix of the two. I don't agree, Roger, that an RSRank system that is "flat" is going to tell you the same thing. In other words, if the ranking system is derived by simply taking the difference in the price over a 52wk period and then ranking the stocks 99-1, the results will be wildly different and in general, inconsistent with the studies upon which the CANSLIM methodology is based. IBD/DGO (and QP2) use a weighted measure with 40% of the weight placed on the most recent quarter's change in price. That means that the Ranking methodology is very sensitive to more recent action in a stock. If the stock has been generally rising over the last year but has started to crater in the latest quarter, it is punished and placed lower in the rankings. Conversely, if the stock has done so-so over the last year, but has come on strong in the latest quarter, then it will rise significantly in the rankings. In my view, this sensitivity is a key factor in getting your eye on the right group of stocks. Once that is done, the direction of 200dMA, the direction of the comparative RS Line and the % off the 52wk high take over as a means of describing the general action of the stock over the last year. The RSLine, the 50dMA and other miscellaneous technical indicators of choice such as Patrick mentioned along with the Price/Volume action then describe the current condition of the stock. Just this weekend, I finished and posted a new tutorial on the differences between the RSRank and the RSLine and is accessible without a subscription to our site. Go to www.cwhcharts.com and choose the "Forums" menu on the left. Select the "Tutorials" forum and you'll see it listed as "RS Rank vs Comparative RS Line." Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, February 08, 2003 10:06 PM To: canslim@lists.xmission.com Subject: Re: POSS (was: [CANSLIM] where is everybody?) I never expect different systems to produce exactly the same results, unless the method of calculation is known and copied. But what I would be careful about is where one system produces an 87 ranking and another produces a 65. That's a big difference. I think the real key is to find a data source you like and are comfortable with, then stick with it once you are satisfied that you get accurate info. If you get part of the data one place, and more from another, you may end up confused. Or if you keep changing which site you use, you will have conflicting info. - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, February 08, 2003 9:10 PM Subject: RE: POSS (was: [CANSLIM] where is everybody?) I think others here have a different opinion on this matter, but to me things don't have to match exactly. I have used Quotes Plus, and found their EPS and RS rankings fine, although they are not the same as IBD. The underlying idea to these ratings is to find the stocks that are growing earnings at a good rate and whose stock price is performing well. Then a buy decision is made based on a few other factors, such as chart pattern. I think these alternate ratings allow one to home in the usual growth stocks just as well as the IBD services. On 8 Feb 2003 at 20:41, Roger Tawa wrote: > How important is it for the rank to match ibd's definitions exactly? Isn't > anyone's calculation of a rank as relevant as another's? there are quite a few > websites that say they calculate these values. how important is it that msn's > calculations "are not weighted as they are at IBD/DGO, so don't give quite the > same info"? - - - -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, 9 Feb 2003 13:52:11 -0700 From: "Patrick Wahl" Subject: [CANSLIM] Europe For those interested in what is happening in Europe, here is one economist's take - http://www.morganstanley.com/GEFdata/digests/latest-digest.html#top - - - -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 #3166 ****************************** 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.