From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3487 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 Thursday, August 7 2003 Volume 02 : Number 3487 In this issue: [CANSLIM] Sending large or non-text files to the canslim group Re: [CANSLIM] stock software Re: [CANSLIM] filter [CANSLIM] CANSLIM Notes [CANSLIM] PDII Re: [CANSLIM] stock software ---------------------------------------------------------------------- Date: Thu, 7 Aug 2003 10:51:15 -0500 From: "Katherine Malm" Subject: [CANSLIM] Sending large or non-text files to the canslim group From: "Jeff Salisbury" To: Sent: Sunday, December 02, 2001 10:00 AM Subject: [CANSLIM] Sending large or non-text files to the canslim group | Everyone, | | There are times when you may wish to share large or non-text files with | our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured | to reject all files over 80K. You can attach files under this threshold | to your email posting. | | While files under this 80K threshold are delivered by the canslim list | software, receiving mail servers often reject files over 40K. This means | that while your file was delivered by the canslim mail server, many users | will not have received it because their mail server rejected it... | | This does not mean you cannot share large files with the group. Rather, | the BEST way to share large files with the group (even those under 80K) | is to place the file at an ftp site, and then refer to the link in your | canslim posting. This way, the reader can read your posting, click on | the link, and instantly see what you are talking about. If you have your | own ftp site, feel free to use it. | | If you do not have access to your own ftp site, we have provided an | anonymous ftp site. To provide your file to the group, please follow | these instructions: | | 1. Send your file to: | | "ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/". | | If you don't know how to ftp a file, you can use the ftp instructions | at the bottom of this message. | | 2. After not more than 15 minutes, your file will be available for | everyone at the URL of: | | http://WallStreet-LLC.com/canslim/your_file_name | | where "your_file_name" is the exact name of the file you uploaded. | This file name should NOT have spaces or other strange characters. | Letter, numbers, and "." are always good, i.e. "canslim_25.gif". | | 3. Before posting your message to the group, test the URL of your file by | copying the web address: | | http://WallStreet-LLC.com/canslim/your_file_name | | into your browser and seeing if your browser displays the file properly. | | 4. 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Do not use quotes in your email. ------------------------------ Date: Thu, 7 Aug 2003 11:02:59 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] stock software For spacejock, it is typically used with EOD data, although you can set it up to work with Quotetracker for intraday, but I have not done that. So for data, you can use just about any source you want. In fact, there is a built in downloader, so that once you enter the stocks that you want to track, it can download all the data you want from Yahoo. Contact me offline if you need more assistance. Mike P.S. You can get the Pro version, for around $50, which I did. I adds some more functionality, but I used the free one for quite a while. Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Gene Ricci" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] stock software ission.com 08/07/2003 10:39 AM Please respond to canslim Hi Mike, the spacejock.com site looks interesting. If you use, what data source do you use? Thanks for the heads-up, Gene ----- Original Message ----- From: michael_niemotka@baxter.com To: canslim@lists.xmission.com Sent: Thursday, August 07, 2003 8:06 AM Subject: Re: [CANSLIM] stock software Jeff, Two free ones I would recommend are FECharts which can be found at spacejock.com. It is a charting program, and you can annotate charts, and also do custom indicators and backtesting. The second is QuoteTracker, which can be found at quotetracker.com. It is a price tracker, and depending on what data stream you have access to, it could be real time. You can have alerts set up on price, volume, etc. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Jeff Henderson" To: Canslim < canslim@lists.xmission.com> Sent by: cc: owner-canslim@lists.xm Subject: [CANSLIM] stock software ission.com 08/06/2003 01:57 PM Please respond to canslim 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. - -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: Thu, 7 Aug 2003 08:59:14 -0700 (PDT) From: Fanus Subject: Re: [CANSLIM] filter What you list below is the easy part. This is just an easy filter, or screen to get a list of stocks. Creating and running a filter IS easy. But having a filter is not investing, or trading. The rest you mentioned almost as an afterthought is the difficult part. You still have to decide on entry and exit points, money management, discipline to stay with your decisions, etc. Maybe it is easy for you after doing it a couple of years, but investing/trading is not easy for most people. If it was, everyone would be doing it for a few years and then retire on an island somewhere. - - Fanus - --- Mark Crisp wrote: > Look, > > I think many of you are making CANSLIM much more > complicated that it really is. > > This is how I have been trading very successfully > for a number of years. > > RS 80+ > E.P.S. 70+ (annual) > 1 Year high (5 y/h preferred) > Price >$10 <$50 > Volume% inc: >250% (this tells me an institution > has bought) > Average volume: >250,000 per day (not interested in > illiquid stocks) > Cap: <2.0bn (small cap stocks) > > Viola... I usually get one or two stocks per week > that I then chart and concentrate on "trading" > > At the end of the day it is about position > sizing, money management and having the correct > trading psychology. > > READ Darvases book. you'll get the picture. > > Mark > ----- Original Message ----- > From: DMC197807 > To: canslim@lists.xmission.com > Sent: Wednesday, August 06, 2003 8:08 PM > 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: > > > < can't 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: > > < are 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 for 1 or 2 names > a week on which to carefully place our hopes. >> > > DMC > ----- Original Message ----- > From: Jeff Henderson > To: canslim@lists.xmission.com > Sent: Wednesday, August 06, 2003 11:40 AM > Subject: RE: [CANSLIM] filter > > > 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)>=70%, annual earnings per > share over the past 5 years, >= 24% compounded, > shares outstanding<25,000,000, relative strength> > 80%. > > > > -----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 > > > > Jeff, > > > > 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? > > > > If C = 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%. > > > > 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. > > > > DMC > > > > > > ----- Original Message ----- > > From: Jeff Henderson > > To: Canslim > > Sent: Wednesday, August 06, 2003 9:02 AM > > Subject: [CANSLIM] filter > > > > After reading O'Neil's book I decided to use > the filter C>=70, A>=5, 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? > __________________________________ 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: Thu, 7 Aug 2003 11:01:43 -0500 From: "Gene Ricci" Subject: [CANSLIM] CANSLIM Notes This is a multi-part message in MIME format. - ------=_NextPart_000_03E8_01C35CD3.4977F900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable For copies of the work that we (Dallas VectorVest Group) did studying = CANSLIM last summer. Please do two things to facilitate this process: 1. send your request offline to genr@swbell.net 2. provide an email address that will accept large email (Yahoo doesn't) Since many of the files are quite large I will send them after market = hours. Gene - ------=_NextPart_000_03E8_01C35CD3.4977F900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
For copies of the work that we (Dallas = VectorVest Group) did studying CANSLIM last summer. Please do two things = to=20 facilitate this process:
 
1. send your request offline to genr@swbell.net
2. provide an email address that will = accept=20 large email (Yahoo doesn't)
 
Since many of the files are quite = large I will=20 send them after market hours.
 
Gene
- ------=_NextPart_000_03E8_01C35CD3.4977F900-- - - - -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: Thu, 7 Aug 2003 12:19:00 -0400 (EDT) From: Yien T Lung Subject: [CANSLIM] PDII Hi ppls PDII is making some big moves today. What is your take on the stock. Yien - - - -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: Thu, 7 Aug 2003 10:41:53 -0700 From: "DMC197807" Subject: Re: [CANSLIM] stock software This is a multi-part message in MIME format. - ------=_NextPart_000_0045_01C35CD0.84347850 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jeff, Those are 3 good books. Only about 50 more to go! I actually think that Van Tharp's book and Stan Weinstein's book are the = first pillars of wisdom here, both well-written and logical. Van & = Stan, sounds like a car dealership. Here is a basic list I made up for a young man (college boy) who wanted = to learn about TA and trading. It's about 1/3 the books I have (I find = Farley, Pring and Dorsey to be harder slogging in the initial rounds, so = put them off to later--by that time you'll be able to choose your own = books) and I'm sure that others may vote for different books in the = intial cut, but that's what makes a market, even in books: E=3D Elder, Trading for a Living IBD=3D Investors Business Daily M=3D Murphy, Technical Analysis of the Financial Markets Ma=3D Moving Averages Simplified (Drokes) Mc=3DMcMillan, Options as a Strategic Investment Mo=3D Morris, Candlestick Charting Explained Ni=3D Nison, Beyond Candlesticks Vt=3D Van Tharp, Trade Your Way to Financial Freedom=20 Ta=3D Technical Analysis of Stocks & Commodities (magazine) W=3D Weinstein, Secrets of Profiting in Bull & Bear Markets Things I don't find helpful in the early stages of learning are: Gann, = Fibonacci and Bulkowski's chart analysis. DMC ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 1:02 PM Subject: RE: [CANSLIM] stock software I read How to Make Money in Stocks: A Winning System in Good Times or = Bad by William O'Neill and Trade Your Way to Financial Freedom by K. = Tharp and Nicholas Darvas's book How I Made 2,000,000 in the Stock = Market =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807 Sent: Wednesday, August 06, 2003 2:56 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] stock software =20 Jeff, =20 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). =20 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. =20 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." =20 Which 3 stock books did you read? =20 DMC ----- Original Message -----=20 From: Jeff Henderson=20 To: Canslim=20 Sent: Wednesday, August 06, 2003 11:57 AM Subject: [CANSLIM] stock software =20 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. =20 Thanks, Jeff H. - ------=_NextPart_000_0045_01C35CD0.84347850 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jeff,
 
Those are 3 good books.  Only = about 50 more to=20 go!
 
I actually think that Van Tharp's book = and Stan=20 Weinstein's book are the first pillars of wisdom here, both well-written = and=20 logical.  Van & Stan, sounds like a car = dealership.
 
Here is a basic list I made up for a = young man=20 (college boy) who wanted to learn about TA and trading.  It's about = 1/3 the=20 books I have (I find Farley, Pring and Dorsey to be harder slogging in = the=20 initial rounds, so put them off to later--by that time you'll be able to = choose=20 your own books) and I'm sure that others may vote for different books in = the=20 intial cut, but that's what makes a market, even in books:
 
E=3D Elder, Trading for a = Living
IBD=3D =20 Investors Business Daily
M=3D Murphy, Technical Analysis of the = Financial=20 Markets
Ma=3D  Moving Averages Simplified = (Drokes)
Mc=3DMcMillan, Options=20 as a Strategic Investment
Mo=3D Morris, Candlestick Charting = Explained
Ni=3D=20 Nison,  Beyond Candlesticks
Vt=3D  Van Tharp, Trade Your = Way to=20 Financial Freedom
Ta=3D Technical Analysis of Stocks = & Commodities=20 (magazine)
W=3D Weinstein, Secrets of Profiting in Bull & Bear=20 Markets
 
Things I don't find helpful in the = early stages of=20 learning are:  Gann, Fibonacci and Bulkowski's chart = analysis.
 
DMC
 
----- Original Message -----
From:=20 Jeff = Henderson=20
Sent: Wednesday, August 06, = 2003 1:02=20 PM
Subject: RE: [CANSLIM] stock=20 software

I read=20 How to Make Money in = Stocks: A Winning=20 System in Good Times or Bad by William O=92Neill and = Trade Your Way to Financial = Freedom by  K. Tharp = and=20 Nicholas Darvas=92s book How I Made 2,000,000 in the = Stock=20 Market

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of = DMC197807
Sent: Wednesday, August 06,=20 2003 = 2:56=20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] stock=20 software

 

Jeff,

 

If you are a college = student then=20 I suggest you spend zero dollars for software.  You no doubt have = access=20 to high speed internet access (aka the Big Pipe).  You should be = able to=20 utilize a lot of free sites (including this one) to get some = education. =20 I'd suggest using the MSN site for scanning, the free section of=20 stockcharts.com for charting (and education) and the library for = borrowing=20 books.  You can lurk at a number of for-pay investment sites (SI = comes to=20 mind) and learn from a number of very wise people.  Most = investment sites=20 have an extensive education spot (check out stockcharts, Bernie=20 Schaefer).

 

If you're going to = college in or=20 near a big city, I'd suggest signing up for free = presentations/seminars=20 offered by TC2K, Metastock, 21st Century Investor Educ. Center = (options),=20 etc.  If your college has a business school you might look for a = finance=20 course, if it's Univ of Penna, you might hang out at the=20 Wharton=20 School,=20 etc.  Also, check to see if your school has an investment=20 club/group/etc.  These can be very sophisticated, although they = almost=20 always are enamored of an FA = approach.

 

Btw, "I just got = finished reading=20 3 stock books and I=92m getting anxious about trading" is a dangerous = sentence=20 to read.  The market stands ready, willing and able to separate = you from=20 your brokerage account.  I'm not saying "don't tread," but = rather, "tread=20 very carefully."

 

Which 3 stock books did = you=20 read?

 

DMC

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

From: Jeff = Henderson=20

To: Canslim=20

Sent:=20 Wednesday, August=20 06, 2003 = 11:57=20 AM

Subject:=20 [CANSLIM] stock software

 

Does anybody have any=20 recommendations for stock software? =20 I=92m looking for getting the most for my $ plus I=92m a = college student=20 so, I really don=92t have to much money to spend (<$100).  Sorry if I=92m asking too = many=20 questions but it=92s my first day and I just got finished reading 3 = stock=20 books and I=92m getting anxious about = trading.

 

Thanks,

Jeff=20 = H.

- ------=_NextPart_000_0045_01C35CD0.84347850-- - - - -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 #3487 ****************************** 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.