From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3510 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, August 12 2003 Volume 02 : Number 3510 In this issue: RE: [CANSLIM] filter RE: Fine tuning system (was: [CANSLIM] elder and triple screens) ---------------------------------------------------------------------- Date: Tue, 12 Aug 2003 11:02:59 -0500 From: "Jeff Henderson" Subject: RE: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_0022_01C360C1.4AA8FFD0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Do most of you look through IBD to pick out stocks? Do any of you use MSN? If so, do you usually get the same 4-5 stocks a day? That's what I get. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mark Crisp Sent: Thursday, August 07, 2003 4:46 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter 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: <> 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? - ------=_NextPart_000_0022_01C360C1.4AA8FFD0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Do most of you look through IBD to = pick out stocks?  Do any of you = use MSN?  If so, do you usually get the = same 4-5 stocks a day?  That’s what I = get.

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mark Crisp
Sent: = Thursday, August 07, = 2003 4:46 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = filter

 

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

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:

 

 

<<Good, that's a bunch of information = that you 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:

<<M is for the market and the market trend.  We 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 = - -----

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)>=3D70%, annual = earnings per share over the past 5 years, >=3D 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 =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%.

 

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:<= /font> 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>=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_0022_01C360C1.4AA8FFD0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Aug 2003 11:09:14 -0500 From: "Katherine Malm" Subject: RE: Fine tuning system (was: [CANSLIM] elder and triple screens) This is a multi-part message in MIME format. - ------=_NextPart_000_0083_01C360C2.2A02BBD0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit MessageHi Jeff, When you state "I'm trying to fine tune my system" are you using Excel as a portfolio tracker, a back testing tool, or a stock selection tool? Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson Sent: Tuesday, August 12, 2003 10:37 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] elder and triple screens Right now I'm trying to fine tune my system using excel. Is this a good approach to take or should I try one of those stock simulators? I know doing it through excel doesn't account for slippage. How do you know when you're ready to trade? Is it just a trial and error process? - ------=_NextPart_000_0083_01C360C2.2A02BBD0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message=
Hi Jeff,
 
When you state "I'm trying to fine = tune my=20 system" are you using Excel as a portfolio tracker, a back testing = tool, or=20 a stock selection tool?
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff=20 Henderson
Sent: Tuesday, August 12, 2003 10:37 = AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] elder and = triple=20 screens

Right now = I’m trying=20 to fine tune my system using excel.  Is this a good approach to = take or=20 should I try one of those stock simulators?  I know doing it through = excel doesn’t=20 account for slippage.  = How do you=20 know when you’re ready to trade? =20 Is it just a trial and error = process?

 

- ------=_NextPart_000_0083_01C360C2.2A02BBD0-- - - - -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 #3510 ****************************** 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.