From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #353 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Sunday, August 9 1998 Volume 02 : Number 353 In this issue: [CANSLIM] canslim-digest V2 #352 - I'm out of the office Re: [CANSLIM] selling short [CANSLIM] there was this guy Re: [CANSLIM] Top 10 Group Performance - 4 Weeks Re: [CANSLIM] Top 10 Group Performance - 4 Weeks Re: [CANSLIM] Non-CANSLIM--Purists Please Skip Re: [CANSLIM] selling short Re: [CANSLIM] selling short [CANSLIM] Breadth Re: [CANSLIM] Top 10 Group Performance: Frank Re: [CANSLIM] Non-CANSLIM--Purists Please Skip Re: [CANSLIM] Top 10 Group Performance: Frank [CANSLIM] Further Group Stuff - From the bases [CANSLIM]New at DGO Re: [CANSLIM] Charting/Screening Programs Re: [CANSLIM] Charting/Screening Programs Re: [CANSLIM] Charting/Screening Programs [CANSLIM] HI-EPSRS spreadsheet Re: [CANSLIM] Charting/Screening Programs Re: [CANSLIM] Charting/Screening Programs Re: [CANSLIM] Charting/Screening Programs [CANSLIM] Noise on "M" ---------------------------------------------------------------------- Date: Sat, 08 Aug 1998 21:29:48 -0600 From: "William Couch" Subject: [CANSLIM] canslim-digest V2 #352 - I'm out of the office I am out of the office until August 24. If you need immediate assistance, = please contact Dan Herrmann or Kevin Dick. Bill - - ------------------------------ Date: Sat, 8 Aug 1998 21:09:01 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] selling short <> Kathryn Staley's book has been recommended to me, but I haven't had a chance to read it. It's something like The Art of Selling Short. Amazon has it. Perhaps other group members have run across resources you might find useful. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sat, 08 Aug 1998 21:51:32 -0700 From: Dan Cash Subject: [CANSLIM] there was this guy This mangy-lookin' guy goes into a bar and orders a drink. The bartender says, "No way. I don't think you can pay for it." The guy says, "You're right. I don't have any money, but if I show you something you haven't seen before, will you give me a drink?" The bartender says, "Only if what you show me ain't risque." "Deal!" says the guy, as he reaches into his coat pocket and pulls out a hamster. He puts the hamster on the bar and it runs to the end of the bar, down a barstool, across the room, up the piano, jumps on the key board and starts playing Gershwin songs. And the hamster is really good. The bartender says, "You're right. I've never seen anything like that before. That hamster is truly good on the piano." The guy downs the drink and asks the bartender for another. "Money or another miracle, else no drink," says the bartender. The guy reaches into his coat again and pulls out a frog. He puts the frog on the bar, and the frog starts to sing. He has a marvelous voice and great pitch, a fine singer. A stranger from the other end of the bar runs over to the guy and offers him $300 for the frog. The guy says, "It's a deal." He takes the three hundred and gives the frog to the stranger, who runs out of the bar with it. The bartender says to the guy, "Are you some kind of nut?! You sold a singing frog for $300? It must have been worth millions. You must be crazy!" "Not so," says the guy. "The hamster is also a ventriloquist!" - - ------------------------------ Date: Sun, 9 Aug 1998 04:39:05 -0700 (PDT) From: TM Subject: Re: [CANSLIM] Top 10 Group Performance - 4 Weeks Frank, I like those lists. Do you have a way of telling the top 10 in Zero performance (ie basing) for the past 8 weeks? TANNIS - ---"Frank V. Wolynski" wrote: > > I thought I would try my group exercise once again, just for fun. > > > During the past 4 weeks the following groups have gained notoriety as the > Top 10 performing groups: > > > > Best 4 Week Performance: > > 4Wk Percentage > This Week Last Week > > Rank Group Gain IBD Ranking IBD Ranking > > # 1 Computer-Mainframes 6.5% 93 95 > > # 2 Metal Ores-Non Ferrous 2.4% 158 169 > > # 3 Media-Cable TV 1.2% 2 2 > > # 4 Computer-Mini/Micro 1.2% 11 12 > > # 5 Elec-Semiconductor Mfg 1.2% 136 154 > > # 6 Elec-Semiconductor Equip 1.1% 191 190 > > # 7 Computer Software-Internet - .1% 1 1 > > # 8 Computer-Integrated System -1.2% 19 44 > > # 9 Retail-Drug Stores -1.7% 32 25 > > #10 Utility-Water Supply -1.9% 87 117 > > > Worst 4 Week Performance: > > 4Wk Percentage > This Week Last Week > > Rank Group Gain IBD Ranking IBD Ranking > > #197 Medical-Health Maint -33.5% 131 86 > > #196 Oil&Gas Intl Specialty -27.0% 193 193 > > #195 Transportation-Airline -19.5% 105 70 > > #194 Machinery-Farm -18.7% 189 194 > > #193 Transportation-Air Freight -18.5% 173 157 > > #192 Medical-Outpatient HmCare -17.3% 167 180 > > #191 Transportation-Shipping -17.0% 188 163 > > #190 Retail-Apparel/Shoe -16.7% 9 7 > > #189 Metal-Prod/Fasteners -16.2% 55 83 > > #188 Cosmetics/Personal Care -16.1% 115 47 > > > FWIW, > > Frank Wolynski > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 09 Aug 1998 08:48:31 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Top 10 Group Performance - 4 Weeks At 04:39 8/9/98 -0700, you wrote: >Frank, >I like those lists. Do you have a way of telling the top 10 in Zero >performance (ie basing) for the past 8 weeks? > >TANNIS > I do, but am still studying the data and don't know how relevant it is in regards to predictive use. I took the liberty of redefining 'Zero' performance and basing to mean a range not exceeding 10% in total price swing during the 8 weeks under scrutiny. Eliminating all groups exhibiting more than a 10% swing, that is the group has traded within a 10% window during the past 8 weeks results in the following, with the latest 8 week performance shown only. Group Current 8week perf. Retail/Wholesale-Food 3.2% Utility-Water Supply 3.2% Media-Books 2.0% Soap & Clng Preparations 1.7% Retail-Super/Mini Mkts 1.5% (pushed the limits of the 10% window) Media-Periodicals .3% Comml Servs/Misc .2% (hit the 10% window, but didn't violate it) Machinery-Const/Mining -.4% Finance-Public Td Inv Fnd -.7% Beverages-Soft Drinks -.8% Bldg-AC & Heating Prds -.8% Medical-Instruments -1.0% Banks-Foreign -1.3% Pollution Ctrl Svcs -1.5% Medical/Dental-Supplies -1.5% Banks-Midwest -1.6% Comml Svcs-Schools -1.8% (pushed the limits of the 10% window) Medical-Products -2.4% Elec-Misc Components -2.8% Comml Svcs-Printing -2.9% (rising in ranking 4 weeks in a row) Insurance-Diversified -2.9% Medical/Dental/Svcs -3.2% I have been studying this very issue, and a friend is using a 4 week basing test and we compare notes frequently. I don't know if either is helpful at this point, I haven't been doing this particular type of analysis long enough. I do find it interesting that 4 of the above groups are Medical groups. Maybe something to keep an eye on. Regards, Frank Wolynski - - ------------------------------ Date: Sun, 09 Aug 1998 10:17:53 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Non-CANSLIM--Purists Please Skip At 05:51 8/7/98 -0700, you wrote: > >...SNIPPED.... > >But whether the bottom for this particular leg has been reached or >not, the chip, chip equipment, and, possibly, disc drive stocks look >as though they may be ready to rejoin the party. KLAC has been >behaving particularly well, and APM also bears watching. Keep in mind >that stocks such as these will be held not for a couple of days, but >several months or more. > >--Db > AIQ is listing SILI/Siliconix, IDTI/Integrated Device Tech, and CPCL/CP Clare Corp as a few Elec-semi manufacturers that are a buy. In the Oils groups, PDE/Pride International, GMRK/Gulfmark Offshore, PTEN/Patterson Energy, XTO/Cross Timber Oil, TESOF/Tesco Corp, MDR/McDermott Intl, UPR/Union Pacific Resources, ATW/Atwood Oceanics Inc, NOI/Natl Oilwell are some on the list of possible buys. After looking at the fundies on some of the above, I prefer the Oils over the Silcon manufacturers, at this point anyway. Rising earnings, Profit Margins, ROE, etc... I don't believe the SE Asia mess is over. That would affect the semi's more than the Oils it seems. My oil favs today are NOI, PDE and PTEN. A semi fav is SILI, good numbers. Poor EPS. Poor chart. Also, I track the Barrons Industry Groups and the charts are much more positioned for a reasonable bounce, retrace, run.... for the Energy group. More volume interest at these prices. Semi's and technology in general look a bit tired and unconvincing. Bear trap? Who knows! Frank Wolynski - - ------------------------------ Date: Sun, 09 Aug 1998 10:36:43 -0400 From: Al French Subject: Re: [CANSLIM] selling short dbphoenix wrote: > Kathryn Staley's book has been recommended to me, but I haven't had a > chance to read it. It's something like The Art of Selling Short. I read Staley's book several years ago and threw it away. My recollection is that she recommended fundamental analysis to find stocks that were overvalued. However, this approach has the same problem as buying stocks using only fundamental analysis--you may have to wait a long time for the results and endure adverse price action in the meanwhile. Al French - - ------------------------------ Date: Sun, 9 Aug 1998 11:52:45 EDT From: Subject: Re: [CANSLIM] selling short In a message dated 8/9/98 12:11:34 AM Eastern Daylight Time, dbphoenix@yahoo.com writes: << <> Kathryn Staley's book has been recommended to me, but I haven't had a chance to read it. It's something like The Art of Selling Short. Amazon has it. Perhaps other group members have run across resources you might find useful. >> I bought this book a while back and started to read it....I returned it after the first few pages. I wouldn't say the book is bad, in fact, I think it is an exceptional piece on shorting. The problem is that Staley is mostly fundamental in her approach to shorting. This runs counter to my nature as I prefer a short term, purely technical approach to shorting. However, it is probably useful for someone interested in learning the accounting tricks that corportions use to cook the books. DCSquires - - ------------------------------ Date: Sun, 9 Aug 1998 09:43:30 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Breadth This was posted on another mailing list. This post is kind of in the middle of the thread, but I think it is clear what he is saying. - ------------------------------------------------------------------------------------- >Every bearish market technician and their brother has been in front of the >cameras with a chart of the advance- decline line showing just how "unhealthy" >this current situation is. Although big caps have certainly been outpacing >small caps, the notion that this is a dangerous situation by historical >comparison is completely false. Actually the diverging pattern between the advance-decline line and the DJ Industrial Index they were referring to, is a pattern that has preceeded many sharp price selloffs in stock market history, all the way back to the 1920's. That's why it is referred to widely by market technicians when it shows up. It's not a myth at all. The market dropped over 800 DOW points. It is an excellent technical indication of serious internal market deterioration. We have an indicator that is based on this and price that we use. It was good for detecting the impending market selloff and fired a signal on July 22, 1998 to exit the market, just prior to the several hundred point decline in the Dow. - - ------------------------------ Date: Sun, 9 Aug 1998 10:27:57 -0700 (PDT) From: TM Subject: Re: [CANSLIM] Top 10 Group Performance: Frank Frank, I'll track some groups with you if you want another person in your study group. Media books, advertising, periodicals etc, soaps and cleanings, machinery because these groups have been listed in the % of new highs in IBD recently. From funds info in IBD, I believe funds have been buying soaps and Chlorox (don't know which group Chlorox is in offhand). Tannis - ---"Frank V. Wolynski" wrote: > > At 04:39 8/9/98 -0700, you wrote: > >Frank, > >I like those lists. Do you have a way of telling the top 10 in Zero > >performance (ie basing) for the past 8 weeks? > > > >TANNIS > > > > I do, but am still studying the data and don't know how relevant it is in > regards to predictive use. > > I took the liberty of redefining 'Zero' performance and basing to mean a > range not exceeding 10% in total price swing during the 8 weeks under > scrutiny. > > Eliminating all groups exhibiting more than a 10% swing, that is the group > has traded within a 10% window during the past 8 weeks results in the > following, with the latest 8 week performance shown only. > > Group Current 8week perf. > Retail/Wholesale-Food 3.2% > Utility-Water Supply 3.2% > Media-Books 2.0% > Soap & Clng Preparations 1.7% > Retail-Super/Mini Mkts 1.5% (pushed the limits of the 10% window) > Media-Periodicals .3% > Comml Servs/Misc .2% (hit the 10% window, but didn't violate it) > Machinery-Const/Mining -.4% > Finance-Public Td Inv Fnd -.7% > Beverages-Soft Drinks -.8% > Bldg-AC & Heating Prds -.8% > Medical-Instruments -1.0% > Banks-Foreign -1.3% > Pollution Ctrl Svcs -1.5% > Medical/Dental-Supplies -1.5% > Banks-Midwest -1.6% > Comml Svcs-Schools -1.8% (pushed the limits of the 10% window) > Medical-Products -2.4% > Elec-Misc Components -2.8% > Comml Svcs-Printing -2.9% (rising in ranking 4 weeks in a row) > Insurance-Diversified -2.9% > Medical/Dental/Svcs -3.2% > > I have been studying this very issue, and a friend is using a 4 week basing > test and we compare notes frequently. I don't know if either is helpful at > this point, I haven't been doing this particular type of analysis long > enough. > > I do find it interesting that 4 of the above groups are Medical groups. > Maybe something to keep an eye on. > > Regards, > Frank Wolynski > > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 9 Aug 1998 11:21:00 -0700 (PDT) From: TM Subject: Re: [CANSLIM] Non-CANSLIM--Purists Please Skip I think there's something strange about SILI. Notice how the price has jumped a dollar or two on such low volume several times. 7/14 was the worst of it. Then for a series of 7 day periods it looks like distribution- Friday's. Might have started with that big transaction on 6/30. http://www.tradepbs.com/pbscgi/hstqtetd Interesting to watch. I'll pass on buying now. Tannis - ---"Frank V. Wolynski" wrote: > > At 05:51 8/7/98 -0700, you wrote: > > > >...SNIPPED.... > > > >But whether the bottom for this particular leg has been reached or > >not, the chip, chip equipment, and, possibly, disc drive stocks look > >as though they may be ready to rejoin the party. KLAC has been > >behaving particularly well, and APM also bears watching. Keep in mind > >that stocks such as these will be held not for a couple of days, but > >several months or more. > > > >--Db > > > > AIQ is listing SILI/Siliconix, IDTI/Integrated Device Tech, and CPCL/CP > Clare Corp as a few Elec-semi manufacturers that are a buy. > > In the Oils groups, PDE/Pride International, GMRK/Gulfmark Offshore, > PTEN/Patterson Energy, XTO/Cross Timber Oil, TESOF/Tesco Corp, > MDR/McDermott Intl, UPR/Union Pacific Resources, ATW/Atwood Oceanics Inc, > NOI/Natl Oilwell are some on the list of possible buys. > > After looking at the fundies on some of the above, I prefer the Oils over > the Silcon manufacturers, at this point anyway. Rising earnings, Profit > Margins, ROE, etc... I don't believe the SE Asia mess is over. That would > affect the semi's more than the Oils it seems. > > My oil favs today are NOI, PDE and PTEN. > > A semi fav is SILI, good numbers. Poor EPS. Poor chart. > > Also, I track the Barrons Industry Groups and the charts are much more > positioned for a reasonable bounce, retrace, run.... for the Energy group. > More volume interest at these prices. Semi's and technology in general look > a bit tired and unconvincing. Bear trap? Who knows! > > Frank Wolynski > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 09 Aug 1998 15:22:43 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Top 10 Group Performance: Frank At 10:27 8/9/98 -0700, you wrote: >Frank, > >I'll track some groups with you if you want another person in your >study group. Media books, advertising, periodicals etc, soaps and >cleanings, machinery because these groups have been listed in the % of >new highs in IBD recently. From funds info in IBD, I believe funds >have been buying soaps and Chlorox (don't know which group Chlorox is >in offhand). > >Tannis > > Clorox is in the Soap&Cleaning Preparations. Good earnings last quarter. I have had my eye on Media-Books for a while, but it has never kicked in as one would have thought based on its stability during the last two sell offs. Not really a HGS group anyway. McGraw Hill - MHP the leader, but not a buy at this time. I track all the groups using a rather complex customized database. It is still being developed and its utility is still questionable. Obviously there are times when the sympathetic moves of sister stocks in a group don't happen, IE, the last run up in July. Although my tracking of the groups showed the narrowness of the advance, (heck it didn't take tea leaves!) it did not tell me where to be in the blue chips. I had to find that using other methods. Frank Wolynski - - ------------------------------ Date: Sun, 09 Aug 1998 15:43:07 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Further Group Stuff - From the bases One of the groups I listed in the groups showing less than a 10% trading range during the past 8 weeks was: Medical-Instruments -1.0% After stating: "I do find it interesting that 4 of the above groups are Medical groups. Maybe something to keep an eye on." I have peeked a bit further and found that two of the stocks in the group are among only six highlighted at BigCharts for volume based momemtum charts, recently setting new highs. They are ADAC EPS/RS AD = 68/94 A and XOMD 65/95 C Regards, Frank Wolynski - - ------------------------------ Date: Mon, 10 Aug 1998 00:29:28 +0200 From: Johan Van Houtven Subject: [CANSLIM]New at DGO What's New in Daily Graphs Online? Starting Saturday, August 8th, the Daily Graphs Printed Product Co. Index Report of 2,800 + stocks will feature ten additional data items. These items will be presented in two new report columns on a rotating cycle as noted below: Monday - Price to Earnings Ratio, Timeliness Rank Tuesday - 52-Week High price, 52-Week Low Price Wednesday - Alpha, Beta Thursday - Market Value, 50-Day Average volume Friday - Group Relative Strength, Industry Group Name These will change each evening at approximately 8:00 p.m. PDT, and will remain until the following evening. Friday's selection will remain all weekend until Monday night. Report data can be sorted and filtered to create a custom universe of stocks based on individual investment criteria. All comments and suggestions are greatly appreciated, as they play a significant role in the ongoing development of our product. Please keep directing your comments to custserv@dailygraphs.com. Thank you! Daily Graphs Online Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Sun, 09 Aug 1998 18:05:51 PDT From: "S Menon" Subject: Re: [CANSLIM] Charting/Screening Programs Thanks everyone for the resposne. Basically what I want to search for is the stocks that are emerging from base patterns and to be able to give good quality graphs so that I don't have to do the guess work. Though CANSLIM supports only the near 52 week high stocks, I am not convinced that they are the only stocks that will give good returns. Also, how can we go a little beyond CANSLIM to find the next Amazon and Yahoo and the like. Some of my CANSLIM picks (like PURW) tanked and a few others gave me very good returns. I remember when DELL was with an EPS of 75 for quite some time. I guess what I want to find out is the stocks that will be CANSLIM candidates in a couple of months or a year. Like someone said, "When everytime I thought I got the key to Wallstreet, they changed the lock". I am a CANSLIM fan.So please don't flame me for the above statements. I am not critisizing CANSLIM. Thanks SM . >From owner-canslim@lists.xmission.com Sat Aug 8 07:53:23 1998 >Received: from domo by lists.xmission.com with local (Exim 1.82 #1) > id 0z5AMI-0004If-00; Sat, 8 Aug 1998 08:52:38 -0600 >Received: from (mtiwmhc03.worldnet.att.net) [204.127.131.38] > by lists.xmission.com with esmtp (Exim 1.82 #1) > id 0z5AMF-0004Ew-00; Sat, 8 Aug 1998 08:52:35 -0600 >Received: from pats-computer ([12.74.73.138]) by mtiwmhc03.worldnet.att.net > (InterMail v03.02.03 118 118 102) with SMTP > id <19980808145134.MRWI986@pats-computer> > for ; Sat, 8 Aug 1998 14:51:34 +0000 >From: "Patrick Wahl" >To: canslim@lists.xmission.com >Date: Sat, 8 Aug 1998 08:51:16 -0800 >MIME-Version: 1.0 >Content-type: text/plain; charset=US-ASCII >Content-transfer-encoding: 7BIT >Subject: Re: [CANSLIM] Charting/Screening Programs >In-reply-to: <19980808015900.7382.qmail@hotmail.com> >X-mailer: Pegasus Mail for Win32 (v3.01b) >Message-Id: <19980808145134.MRWI986@pats-computer> >Sender: owner-canslim@lists.xmission.com >Precedence: bulk >Reply-To: canslim@lists.xmission.com >X-No-Archive: yes > >From: "S Menon" >To: canslim@lists.xmission.com > >> Could anyone tell me what charting/screening program is good ? >> How is TC2000 ? Is Window on Wallstreet or Telescan any better ? Which >> is best for the price ? > >What do you want to do with your screening program? If you just >want charts, something like Quotes Plus might be good. If you >want fundamentals, WOW combined with Dial Data sounds good. >If you want to do a lot of technical analysis with indicators, >Metastock 6.5 would be pretty good. I use Metastock to run scans >on my stock list based on some technical criteria, its pretty handy >for that. > >I think simple is probably better - if you are new to investing, you >might try starting out with Quotes Plus. I haven't used it, but a few >members of the list recommend it. There is a demo available from >their web site. > > > >- > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Sun, 09 Aug 1998 21:22:24 -0400 From: Scott Vickery Subject: Re: [CANSLIM] Charting/Screening Programs At 10:36 AM 8/8/98 -0400, you wrote: >S Menon wrote: >> >> Group, >> Could anyone tell me what charting/screening program is good ? >> How is TC2000 ? Is Window on Wallstreet or Telescan any better ? Which >> is best for the price ? >> > > I've been using the DOS version of TC2000 for charting and >applying a good selection of indicators. Data is available by 6 pm. No >fundamental data--DG or TC2000 for Windows for that. At less than 1/2 >cent per stock per day and a cap of $1/day it is inexpensive. I've >tracked 80-100 stocks for about $10/month. > > The new TC2000 for Windows provides data on an intraday basis >for all stocks and indexes and enables fast scans of all stocks based on >a set of criteria they supply or that are designed by you. Such >criteria could be: > > --Minimum percent earnings change for each of past 4 quarters >(approximates IBD's EPS rankings). > > --Price growth rate better than X% of market (would approximate >an IBD RS ranking of X or better) > > --Volume and/or price surging -- you pick either a percent rate >or a ranking compared to all stocks; can be done during the market day) > > --Stocks in your watch list indicating oversold conditions > > --Apply any or all of the above by industry group > > --Many more criteria available > > The strength of TC2000 is that it can be easily set up to >quickly and frequently scan and sort all stocks by criteria close to >CANSLIM elements. > > TC2000 for Windows costs $2.49 per day regardless of how many >times you download during the day. A sliding scale of discounts are >available up to 25 percent. > > If you are interested in TC2000, I'd suggest their trial offer >of $29 (DOS) or $39 (Windows) which includes a $25 (2 week) usage credit >and a 30-day money back guarantee. My experience has been they are good >folks. You can trust them to fix any problems (I've had one problem in >10 years--which was my own fault), but don't expect them to hold your >hand. > >Al French > >- > > Hello there. I am coming out from lurking on a topic that I had planned to ask about anyway. TC2000 sounds pretty good from what you say. I would like to run a scan such as the LLUR scan. Can I do that with TC2000? How about Option prices and info. Does TC2000 include information on Options? Can I run a scan like: I want all stocks who are LLUR, and whose out of the money option's open interest * 100 is less than 1.5 times the average daily volume of the stock. Scott - - ------------------------------ Date: Sun, 09 Aug 1998 21:24:31 -0400 From: Scott Vickery Subject: Re: [CANSLIM] Charting/Screening Programs At 10:36 AM 8/8/98 -0400, you wrote: >S Menon wrote: >> >> Group, >> Could anyone tell me what charting/screening program is good ? >> How is TC2000 ? Is Window on Wallstreet or Telescan any better ? Which >> is best for the price ? >> > > I've been using the DOS version of TC2000 for charting and >applying a good selection of indicators. Data is available by 6 pm. No >fundamental data--DG or TC2000 for Windows for that. At less than 1/2 >cent per stock per day and a cap of $1/day it is inexpensive. I've >tracked 80-100 stocks for about $10/month. > > The new TC2000 for Windows provides data on an intraday basis >for all stocks and indexes and enables fast scans of all stocks based on >a set of criteria they supply or that are designed by you. Such >criteria could be: > > --Minimum percent earnings change for each of past 4 quarters >(approximates IBD's EPS rankings). > > --Price growth rate better than X% of market (would approximate >an IBD RS ranking of X or better) > > --Volume and/or price surging -- you pick either a percent rate >or a ranking compared to all stocks; can be done during the market day) > > --Stocks in your watch list indicating oversold conditions > > --Apply any or all of the above by industry group > > --Many more criteria available > > The strength of TC2000 is that it can be easily set up to >quickly and frequently scan and sort all stocks by criteria close to >CANSLIM elements. > > TC2000 for Windows costs $2.49 per day regardless of how many >times you download during the day. A sliding scale of discounts are >available up to 25 percent. > > If you are interested in TC2000, I'd suggest their trial offer >of $29 (DOS) or $39 (Windows) which includes a $25 (2 week) usage credit >and a 30-day money back guarantee. My experience has been they are good >folks. You can trust them to fix any problems (I've had one problem in >10 years--which was my own fault), but don't expect them to hold your >hand. > >Al French > >- > > Opps, I forgot. Does TC2000 have group ranking info? I would like to include group ranking information in my screens. Scott Vickery - - ------------------------------ Date: Sun, 09 Aug 1998 21:37:29 -0400 From: Scott Vickery Subject: [CANSLIM] HI-EPSRS spreadsheet Hey There, Anyone out there seen and/or have an opinion on the product sold at http://www.growthstockanalytics.com/ It seems to be a CANSLIM scan. Scott Vickery - - ------------------------------ Date: Sun, 09 Aug 1998 22:03:54 -0400 From: Al French Subject: Re: [CANSLIM] Charting/Screening Programs Scott Vickery wrote: > Hello there. I am coming out from lurking on a topic that I had planned to > ask about anyway. > > TC2000 sounds pretty good from what you say. > > I would like to run a scan such as the LLUR scan. Can I do that with > TC2000? > I don't know any way to scan for chart patterns. But you can get an approximation of LLUR by setting various parameters--such as percent increase 30-days, 90-days, and 52-weeks; percent above 50MA and 200MA, etc.. I just tried it in order to respond to your question and it worked fairly well the first try. With some tweaking it should work quite well. Thanks for asking! > How about Option prices and info. Does TC2000 include information on > Options? > Just stocks and indices now. They say they are thinking about doing options and mutual funds. Al French - - ------------------------------ Date: Sun, 09 Aug 1998 22:33:23 -0400 From: Al French Subject: Re: [CANSLIM] Charting/Screening Programs Scott Vickery wrote: > > > Opps, > > I forgot. Does TC2000 have group ranking info? I would like to include > group ranking information in my screens. > Yes, scans can be run on the industry groups, but you can't include group criteria in a stock screen. What you would do would be to scan the groups first and then run a scan of the stocks in your selected industry groups. It only takes a few seconds to run each scan. TC2000 has their own and also the Media General industry groups with lists of component stocks. (Media General is the service most of the web sites use). It will chart the group indices and you can put industry group relative strength comparisons on your stock charts, like IBD does with SP_500. Al French - - ------------------------------ Date: Sun, 9 Aug 1998 20:17:49 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Charting/Screening Programs <> If you want, you can write a formula in WOWS that will enable you to locate base structures. Don't know about other programs. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 10 Aug 1998 00:44:30 -0400 From: "Tom Worley" Subject: [CANSLIM] Noise on "M" For those members that don't believe "economics, Japanese leadership, currency devaluation by Japan and/or China, its effects on Latin America, Asian recession, lack of demand for crude oil by Asia, Asian demand for consumer products by US multi-national corps, etc " are a factor in the "M" evaluation of the US mkt, then please disregard this intrusion into your email system. For the rest of the members of this "CANSLIM" group, Asia is once again in the dumpster overnight, the yen has broken 146 to the upside against the US dollar, and the Japanese Nikkei 225 index is down another 195 points (1.24%). The problems of the Japanese recession is not going away under present leadership, and is likely to persist for several years or more without another change in leadership. Meanwhile the Asian flu will continue to prevent a resumption in demand for crude oil supplies, the very thing needed (along with true production cuts) to help crude prices recover, and provide stability to Latin American oil producers such as Venezuela (now down 55% so far this year). The US economy continues to be supported by US consumer demand, however that demand is being supported by borrowed money, now at record highs. Personal bankruptcies are continuing to set new records, and that's without any real pullback in the US economy, consumer sentiment, employment layoffs, etc. My level of confidence in the ability of this market to progress had steadily diminished over the past several months as earnings growth has declined. I remain fully invested on the long side, but find far fewer issues that are attractive. I called a bottom to the latest correction based on Thursday's trading, but cannot determine at this time whether we will see a quick recovery (unlikely), a consolidation at this level (more likely), or a new correction commencing (least likely). Any quick recovery needs to finally be accompanied by some mkt breadth, which was sorely lacking in the last advance. As far as I am concerned, there are some serious impediments to any legitimate or sustained rally at this point. Tom W - - ------------------------------ End of canslim-digest V2 #353 ***************************** 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.