From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3481 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 Wednesday, August 6 2003 Volume 02 : Number 3481 In this issue: RE: [CANSLIM] filter RE: [CANSLIM] stock software Re: [CANSLIM] filter ---------------------------------------------------------------------- Date: Wed, 6 Aug 2003 15:34:59 -0700 (PDT) From: Fanus Subject: RE: [CANSLIM] filter Jeff As you can see from the other replies, you have several of your criteria wrong even though you thought that you use the EXACT recommendations. Can I respectfully suggest that you reread HTMMIS. You probably have misunderstood several other things also. I have read it several times and each time find something new, or something I just forget about already. It is dangerous to start investing using a specific style if you do not clearly understand everything. I can understand that the excitement can run high when you want to start with something, but believe me, this can fade quickly once you start losing money and that would be easy then to give up on CANSLIM because it "doesn't work", but the real reason is that you didn't really understand it. Regards - - Fanus - --- Jeff Henderson wrote: > Ok, for the sake of organization here is a link to > my filter: > http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1 > QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116M > ZF116Z00F102Z04L10Z > 1QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116 > MZF116Z00F102Z04L10Z&Name=o%27neal&Tickers=25> > &Name=o%27neal&Tickers=25 > > As I mentioned earlier I am using the EXACT > recommendations from > O'Neil's book but I am getting NO query results. > Why is this? Are > WON's standards too high? What fundamentals should > I be using? I > assume we all can agree on the CANSLIM methods but I > guess there is > disagreement in the specific numbers to be used. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of Katherine Malm > Sent: Wednesday, August 06, 2003 2:46 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] filter > > Hi Gene, > > Please see my follow up clarification post on the > comment on "the prior > 52 weeks." > > I did not state nor intend to imply that MSN > screeners weren't > effective, but that they would not produce the same > results as those you > would get when using DGO/IBD RSRanks. It's worth > noting for those that > are unaware that the RS values at free screening > sites such as MSN are > *not* the same as those from IBD/DGO. The same is > true of industry > ranks, etc., as the methdologies are quite > different. > > It does leave a particular question, however, as to > why you would find > it necessary to use free MSN screeners when you use > several different > subscription services (HGSI and Vectorvest) and also > use Metastock for > screening (though I realize you probably use the QP2 > data from the HGSI > feed). HGSI, in particular, closely mirrors the > IBD/DGO RSranks and > includes EPS ranks as well. They also have a > particularly comprehensive > set of tools for performing analysis of a stock's > technicals and > fundamentals. Why use so many different tools? > > Katherine > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Gene Ricci > Sent: Wednesday, August 06, 2003 2:31 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] filter > Hi Katherine, I'm pretty sure that the RS ranks are > not based over the > prior 52 weeks. > And, I have found the MSN screener to be very > effective. > > Gene > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Wednesday, August 06, 2003 2:21 PM > Subject: RE: [CANSLIM] filter > > Hi Jeff, > > I might add a note of caution on using the MSN > screener. That is, their > RS ranks are based on a flat change in price over > the prior 52 weeks. > This is significantly different than IBD's RS ranks, > which are weighted > so that the price action in the most recent quarter > carries more weight > (40%), while previous quarter's each carry 20% > weight. The other > difference in RS ranks is that the database over > which they are > determined is very different. RS ranks for the IBD > are based on a > universe of stocks which includes *only* common > stocks on the major US > (NASDAQ, NYSE, AMEX) and Canadian exchanges, plus > closed end bond and > equity funds. From what I remember, MSN RS ranks are > calculated across > all equities in the US markets, including warrants > and preferreds. While > the RS ranks at MSN are indeed useful, you would not > be emulating the > IBD rankings for purposes of filtering your stocks. > > Katherine > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of DMC197807 > Sent: Wednesday, August 06, 2003 2:08 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] filter > Jeff, > > If you're using a free scanner, why don't you use > the one Gene posted a > couple of days ago (I'll repost his post) and play > with the criteria > there. If I adjust relative strength to 80 or above > it spits out 15 > names. > > As for CANSLIM criteria, after M one supposes they > are all important, > and my descending order is no better (could be a lot > worse) than anyone > else's. However, you are asking a question that I > answered 2 days ago, > at least from my perspective. This is from my note > on 8/4 to Yien: > > > < use. Now, for some > you > can. There are only 3 numbers which matter, when > all the dust is > settled. > They are NOT p/e, d/e, current ratio, PEG, profit > margin or inventory > turnover. > > THEY ARE: Price paid for shares, Price received for > shares, Time held. > > Now, MILSCAN (Canslim to some of you) is a very > interesting approach, > and > can possibly, with strong position and money > management systems, help > you to > buy low and sell high in a timely timeframe. > > Here's how I think of these factors, in descending > order of importance: > > < at an inflection > point > here, so it's lookout below, or perhaps lookout > above. > > N is for new highs in the stock, breaking out above > the pivot point > > L is for an relative strength rating of 70 or better > > A is for annual earnings growth (this is for > additional comfort) > > C is for current quarterly earnings (this is for > additional comfort) > > I is for institutional sponsorship (this is a > timing issue--I think I > trust > the chart over this, for some reason) > > S is for supply of stock (looking for a relatively > low no. of > shares--here I > want to exclude the over-issued monsters like CSCO > and INTC where it > will > take a ton of momentum to move the billions of > shares outstanding). > > In closing, using TA and FA together is a good idea, > but when in > conflict, > trust the TA. Remember, out of 7000 stocks we are > looking === message truncated === __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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. ------------------------------ Date: Wed, 6 Aug 2003 20:20:07 -0700 From: "Sally" Subject: RE: [CANSLIM] stock software This is a multi-part message in MIME format. - ------=_NextPart_000_0001_01C35C58.214D0900 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit You mentioned SI as a pay for investment site. What is SI? Thanks- Sally - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807 Sent: Wednesday, August 06, 2003 12:56 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] stock software Jeff, If you are a college student then I suggest you spend zero dollars for software. You no doubt have access to high speed internet access (aka the Big Pipe). You should be able to utilize a lot of free sites (including this one) to get some education. I'd suggest using the MSN site for scanning, the free section of stockcharts.com for charting (and education) and the library for borrowing books. You can lurk at a number of for-pay investment sites (SI comes to mind) and learn from a number of very wise people. Most investment sites have an extensive education spot (check out stockcharts, Bernie Schaefer). If you're going to college in or near a big city, I'd suggest signing up for free presentations/seminars offered by TC2K, Metastock, 21st Century Investor Educ. Center (options), etc. If your college has a business school you might look for a finance course, if it's Univ of Penna, you might hang out at the Wharton School, etc. Also, check to see if your school has an investment club/group/etc. These can be very sophisticated, although they almost always are enamored of an FA approach. Btw, "I just got finished reading 3 stock books and I'm getting anxious about trading" is a dangerous sentence to read. The market stands ready, willing and able to separate you from your brokerage account. I'm not saying "don't tread," but rather, "tread very carefully." Which 3 stock books did you read? DMC - ----- Original Message ----- From: Jeff Henderson To: Canslim Sent: Wednesday, August 06, 2003 11:57 AM Subject: [CANSLIM] stock software Does anybody have any recommendations for stock software? I'm looking for getting the most for my $ plus I'm a college student so, I really don't have to much money to spend (<$100). Sorry if I'm asking too many questions but it's my first day and I just got finished reading 3 stock books and I'm getting anxious about trading. Thanks, Jeff H. - ------=_NextPart_000_0001_01C35C58.214D0900 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

You mentioned SI as a pay for = investment site.  What is SI?  Thanks- = Sally

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: = Wednesday, August 06, = 2003 12:56 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = stock software

 

Jeff,

 

If you are a college = student then I suggest you spend zero dollars for software.  You no doubt have = access to high speed internet access (aka the Big Pipe).  You should be able = to utilize a lot of free sites (including this one) to get some = education.  I'd suggest using the MSN site for scanning, the free section of stockcharts.com for charting (and education) and the library for = borrowing books.  You can lurk at a number of for-pay investment sites (SI = comes to mind) and learn from a number of very wise people.  Most investment = sites have an extensive education spot (check out stockcharts, Bernie = Schaefer).

 

If you're going to college = in or near a big city, I'd suggest signing up for free presentations/seminars = offered by TC2K, Metastock, 21st Century Investor Educ. Center (options), = etc.  If your college has a business school you might look for a finance course, = if it's Univ of Penna, you might hang out at the = Wharton = School, etc.  Also, check to see if your school has an investment = club/group/etc.  These can be very sophisticated, although they almost always are enamored of = an FA approach.

 

Btw, "I just got = finished reading 3 stock books and I’m getting anxious about trading" = is a dangerous sentence to read.  The market stands ready, willing and = able to separate you from your brokerage account.  I'm not saying = "don't tread," but rather, "tread very = carefully."

 

Which 3 stock books did you = read?

 

DMC=

----- Original Message = - -----

To:<= /font> Canslim

Sent: Wednesday, August 06, = 2003 11:57 AM

Subject: [CANSLIM] stock software

 

Does anybody have any recommendations for stock software?  I’m looking for getting the most for my $ plus I’m a = college student so, I really don’t have to much money to spend = (<$100).  Sorry if I’m asking too = many questions but it’s my first day and I just got finished reading 3 stock = books and I’m getting anxious about trading.

 

Thanks,

Jeff = H.

- ------=_NextPart_000_0001_01C35C58.214D0900-- - - - -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: Wed, 6 Aug 2003 22:26:24 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01C35C69.C5029C70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jeff, I have some CANSLIM material that we (Dallas folks) pulled = together over a 2-month period (last summer) and I'll make it available = to you if you wish.... let me know. Whatever you do, take DMC's advice, keep your money in your jeans... = you'll be surprised at how good the free information really is....=20 Gene ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 4:11 PM Subject: RE: [CANSLIM] filter Gene, =20 I'm sorry I don't understand what you are saying. =20 Jeff =20 =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Wednesday, August 06, 2003 3:53 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter =20 Jeff, =20 I would start with the EPS growth rate qtr vs qtr...=20 =20 Gene =20 ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 3:41 PM Subject: RE: [CANSLIM] filter =20 Ok, for the sake of organization here is a link to my filter: = http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=3DSV= 1QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116M= ZF116Z00F102Z04L10Z&Name=3Do%27neal&Tickers=3D25 =20 As I mentioned earlier I am using the EXACT recommendations from = O'Neil's book but I am getting NO query results. Why is this? Are = WON's standards too high? What fundamentals should I be using? I = assume we all can agree on the CANSLIM methods but I guess there is = disagreement in the specific numbers to be used. =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Wednesday, August 06, 2003 2:46 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] filter =20 Hi Gene, =20 Please see my follow up clarification post on the comment on "the = prior 52 weeks." =20 I did not state nor intend to imply that MSN screeners weren't = effective, but that they would not produce the same results as those you = would get when using DGO/IBD RSRanks. It's worth noting for those that = are unaware that the RS values at free screening sites such as MSN are = *not* the same as those from IBD/DGO. The same is true of industry = ranks, etc., as the methdologies are quite different. =20 It does leave a particular question, however, as to why you would = find it necessary to use free MSN screeners when you use several = different subscription services (HGSI and Vectorvest) and also use = Metastock for screening (though I realize you probably use the QP2 data = from the HGSI feed). HGSI, in particular, closely mirrors the IBD/DGO = RSranks and includes EPS ranks as well. They also have a particularly = comprehensive set of tools for performing analysis of a stock's = technicals and fundamentals. Why use so many different tools?=20 =20 Katherine =20 =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci Sent: Wednesday, August 06, 2003 2:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter Hi Katherine, I'm pretty sure that the RS ranks are not based over = the prior 52 weeks. And, I have found the MSN screener to be very effective.=20 =20 Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 2:21 PM Subject: RE: [CANSLIM] filter =20 Hi Jeff, =20 I might add a note of caution on using the MSN screener. That = is, their RS ranks are based on a flat change in price over the prior 52 = weeks. This is significantly different than IBD's RS ranks, which are = weighted so that the price action in the most recent quarter carries = more weight (40%), while previous quarter's each carry 20% weight. The = other difference in RS ranks is that the database over which they are = determined is very different. RS ranks for the IBD are based on a = universe of stocks which includes *only* common stocks on the major US = (NASDAQ, NYSE, AMEX) and Canadian exchanges, plus closed end bond and = equity funds. From what I remember, MSN RS ranks are calculated across = all equities in the US markets, including warrants and preferreds. While = the RS ranks at MSN are indeed useful, you would not be emulating the = IBD rankings for purposes of filtering your stocks. =20 Katherine -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807 Sent: Wednesday, August 06, 2003 2:08 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter Jeff, =20 If you're using a free scanner, why don't you use the one Gene = posted a couple of days ago (I'll repost his post) and play with the = criteria there. If I adjust relative strength to 80 or above it spits = out 15 names. =20 As for CANSLIM criteria, after M one supposes they are all = important, and my descending order is no better (could be a lot worse) = than anyone else's. However, you are asking a question that I answered = 2 days ago, at least from my perspective. This is from my note on 8/4 = to Yien: =20 =20 <> =20 DMC ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 11:40 AM Subject: RE: [CANSLIM] filter =20 Sorry about the misunderstanding I was using the CANSLIM = acronym. I'll explain my filter again. First off I use MSN as my = filter source. Here is my filter that I use: current earnings per share = (the same quarter a year ago)>=3D70%, annual earnings per share over the = past 5 years, >=3D 24% compounded, shares outstanding<25,000,000, = relative strength> 80%. =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807 Sent: Wednesday, August 06, 2003 11:23 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter =20 Jeff, =20 I don't understand which filter/scan you are using, or what = all your variables mean. If you're using a public scan or stockcharts, = maybe you can put in a link here? =20 If C =3D capitalization and you are using only the top 30% = of stocks you've filtered out way too many stocks already. In = capitalization I only filter out the very top stocks, but that's just = me. I don't know what your S is. For relative strength I use the top = 40% of the market, that is, stocks outperforming 60%. =20 I'm willing to let some other names in because after this = scan gives me names, I'm happy to look through charts to find = appropriate patterns. =20 DMC =20 =20 ----- Original Message -----=20 From: Jeff Henderson=20 To: Canslim=20 Sent: Wednesday, August 06, 2003 9:02 AM Subject: [CANSLIM] filter =20 After reading O'Neil's book I decided to use the filter = C>=3D70, A>=3D5, S<25,000,000, relative strength>80 and last volume 1.5 = average quarterly volume. To my dismay, no stocks popped up. How would = you alter this filter? - ------=_NextPart_000_0032_01C35C69.C5029C70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Jeff, I have some CANSLIM material = that we=20 (Dallas folks) pulled together over a 2-month period (last summer) and = I'll make=20 it available to you if you wish.... let me know.
 
Whatever you do, take DMC's advice, = keep your=20 money in your jeans... you'll be surprised at how good the free = information=20 really is....
 
Gene
----- Original Message -----
From:=20 Jeff = Henderson=20
Sent: Wednesday, August 06, = 2003 4:11=20 PM
Subject: RE: [CANSLIM] = filter

Gene,

 

I=92m sorry = I don=92t=20 understand what you are saying.

 

Jeff

 

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene = Ricci
Sent: Wednesday, August 06,=20 2003 = 3:53=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM]=20 filter

 

Jeff,

 

I would=20 start with the EPS growth rate qtr vs qtr...=20

 

Gene

 

----- Original Message = - -----=20

From: Jeff = Henderson=20

To: canslim@lists.xmission.com= =20

Sent:=20 Wednesday, August=20 06, 2003 = 3:41=20 PM

Subject: RE:=20 [CANSLIM] filter

 

Ok,=20 for the sake of organization here is a link to my filter:=20 http://= moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=3DSV1QF153Z= 04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116MZF116Z0= 0F102Z04L10Z&Name=3Do%27neal&Tickers=3D25

 

As I mentioned earlier = I am=20 using the EXACT recommendations from O=92Neil=92s book but I am = getting NO query=20 results.  Why is = this?  Are WON=92s standards too = high?  What fundamentals should I = be=20 using?  I assume we = all can=20 agree on the CANSLIM methods but I guess there is disagreement in = the=20 specific numbers to be used.

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of = Katherine=20 Malm
Sent:=20 Wednesday, August=20 06, 2003 = 2:46=20 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 filter

 

Hi=20 Gene,

 

Please see my follow = up=20 clarification post on the comment on "the prior 52=20 weeks."

 

I did not state nor = intend to=20 imply that MSN screeners weren't effective, but that they would not = produce=20 the same results as those you would get when using DGO/IBD RSRanks. = It's=20 worth noting for those that are unaware that the RS values at free = screening=20 sites such as MSN are *not* the same as those from IBD/DGO. The same = is true=20 of industry ranks, etc., as the methdologies are quite=20 different.

 

It does leave a = particular=20 question, however, as to why you would find it necessary to use free = MSN=20 screeners when you use several different subscription services (HGSI = and=20 Vectorvest) and also use Metastock for screening (though I realize = you=20 probably use the QP2 data from the HGSI feed). HGSI, in particular, = closely=20 mirrors the IBD/DGO RSranks and includes EPS ranks as well. They = also have a=20 particularly comprehensive set of tools for performing analysis of a = stock's=20 technicals and fundamentals. Why use so many different tools?=20

 

Katherine

 

 

 -----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene = Ricci
Sent: Wednesday, August 06, = 2003 = 2:31=20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 filter

Hi=20 Katherine, I'm pretty sure that the RS ranks are not based over = the prior=20 52 weeks.

And, I=20 have found the MSN screener to be very effective.=20

 

Gene

----- Original=20 Message -----

From: Katherine=20 Malm

To: canslim@lists.xmission.com= =20

Sent:=20 Wednesday,=20 August 06, 2003 = 2:21=20 PM

Subject: RE:=20 [CANSLIM] filter

 

Hi=20 Jeff,

 

I might add a note of = caution on=20 using the MSN screener. That is, their RS ranks are based on a = flat=20 change in price over the prior 52 weeks. This is significantly = different=20 than IBD's RS ranks, which are weighted so that the price action = in the=20 most recent quarter carries more weight (40%), while previous = quarter's=20 each carry 20% weight. The other difference in RS ranks is that = the=20 database over which they are determined is very different. RS = ranks for=20 the IBD are based on a universe of stocks which includes *only* = common=20 stocks on the major=20 = US=20 (NASDAQ, NYSE, AMEX) and Canadian exchanges, plus = closed end=20 bond and equity funds. From what I remember, MSN RS ranks are = calculated=20 across all equities in the=20 = US=20 markets, including warrants and preferreds. While the RS ranks = at MSN=20 are indeed useful, you would not be emulating the IBD rankings = for=20 purposes of filtering your stocks.

 

Katherine

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 DMC197807
Sent: = Wednesday, = August 06,=20 2003 = 2:08=20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 filter

Jeff,

 

If you're=20 using a free scanner, why don't you use the one Gene posted a = couple=20 of days ago (I'll repost his post) and play with the criteria=20 there.  If I adjust relative strength to 80 or above it = spits out=20 15 names.

 

As for=20 CANSLIM criteria, after M one supposes they are all important, = and my=20 descending order is no better (could be a lot worse) than = anyone=20 else's.  However, you are asking a question that I = answered 2=20 days ago, at least from my perspective.  This is from my = note on=20 8/4 to Yien:

 

 

<<Good, that's a bunch of = information=20 that you can't use.  Now, for some you
can.  = There are=20 only 3 numbers which matter, when all the dust is = settled.
They are=20 NOT p/e, d/e, current ratio, PEG, profit margin or=20 inventory
turnover.

THEY ARE:  Price paid for = shares,=20 Price received for shares, Time held.

Now, MILSCAN = (Canslim to=20 some of you) is a very interesting approach, and
can = possibly, with=20 strong position and money management systems, help you = to
buy low=20 and sell high in a timely timeframe.

Here's how I think = of=20 these factors, in descending order of = importance:

<<M is=20 for the market and the market trend.  We are at an = inflection=20 point
here, so it's lookout below, or perhaps lookout=20 above.

N is for new highs in the stock, breaking out = above the=20 pivot point

L is for an relative strength rating of 70 = or=20 better

A is for annual earnings growth (this is for = additional=20 comfort)

C is for current quarterly earnings (this is = for=20 additional comfort)

I is for institutional = sponsorship =20 (this is a timing issue--I think I trust
the chart over = this, for=20 some reason)

S is for supply of stock (looking for a = relatively=20 low no. of shares--here I
want to exclude the over-issued = monsters=20 like CSCO and INTC where it will
take a ton of momentum to = move the=20 billions of shares outstanding).

In closing, using TA = and FA=20 together is a good idea, but when in conflict,
trust the = TA. =20 Remember, out of 7000 stocks we are looking for 1 or 2 = names
a week=20 on which to carefully place our=20 hopes. >>

 

DMC

-----=20 Original Message -----

Sent:=20 Wednesday, = August 06,=20 2003 = 11:40=20 AM

Subject:=20 RE: [CANSLIM] filter

 

Sorry about=20 the misunderstanding I was using the CANSLIM acronym.  I=92ll explain my = filter=20 again.  First = off I use=20 MSN as my filter source. =20 Here is my filter that I use: current earnings per = share (the=20 same quarter a year ago)>=3D70%, annual earnings per = share over the=20 past 5 years, >=3D 24% compounded, shares=20 outstanding<25,000,000, relative strength>=20 80%.

 

-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of=20 DMC197807
Sent: = Wednesday, = August 06,=20 2003=20 11:23=20 AM
To:=20 canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 filter

 

Jeff,

 

I don't=20 understand which filter/scan you are using, or what all your = variables mean.  If you're using a public scan or = stockcharts,=20 maybe you can put in a link = here?

 

If C =3D=20 capitalization and you are using only the top 30% of stocks = you've=20 filtered out way too many stocks already.  In = capitalization I=20 only filter out the very top stocks, but that's just = me.  I=20 don't know what your S is.  For relative strength I use = the top=20 40% of the market, that is, stocks outperforming=20 60%.

 

I'm willing=20 to let some other names in because after this scan gives me = names,=20 I'm happy to look through charts to find appropriate=20 patterns.

 

DMC

 

 

-----=20 Original Message -----

From: Jeff=20 Henderson

To: Canslim=20

Sent:=20 Wednesday, = August 06,=20 2003=20 9:02=20 AM

Subject: [CANSLIM]=20 filter

 

After=20 reading O=92Neil=92s book I decided to use the filter = C>=3D70,=20 A>=3D5, S<25,000,000, relative strength>80 and = last volume=20 1.5 average quarterly volume.  To my dismay, no = stocks=20 popped up.  = How would=20 you alter this=20 = filter?

- ------=_NextPart_000_0032_01C35C69.C5029C70-- - - - -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 #3481 ****************************** 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.