From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #556 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, March 17 1999 Volume 02 : Number 556 In this issue: Re: [CANSLIM] Recent Screen Re: [CANSLIM] Recent Screen -Followup Re: [CANSLIM] Marder turns bullish on 'M'--ABSOLUTELY! [CANSLIM] Searchable stock database with CANSLIM parameters Re: [CANSLIM] Growth Stock Analytics Report for March 1, 1999 Re: [CANSLIM] Marder turns bullish on 'M'--ABSOLUTELY! [CANSLIM] GM Re: [CANSLIM] Searchable stock database with CANSLIM parameters [CANSLIM] NOVL [Connie Mack] ---------------------------------------------------------------------- Date: Tue, 16 Mar 1999 08:15:37 -0500 From: "James Adams" Subject: Re: [CANSLIM] Recent Screen Tom Worley wrote: >I have not studied your criteria sufficiently to spot the >flaw, but of the five none are remotely CANSLIM according to >the RS/EPS of 80/80 or better. The first flaw I see, is that the RS & EPS numbers of MSInvestor are not the same as IBD. I need to find out the differences and how to construct a screen that will hopefully show the same. On the other hand I could renew my subscription to IBD. James Adams jadams@ntr.net jimadams@may-uky.campus.mci.net (until 2/15/99) Maysville, KY USA - - ------------------------------ Date: Tue, 16 Mar 1999 08:56:36 -0500 From: "James Adams" Subject: Re: [CANSLIM] Recent Screen -Followup Tom and others overhearing this conversation, The RS for MSINV is the same as IBD I believe: "The figure is obtained by calculating the percent price change of a stock over a particular time period and ranking it against all other stocks on a scale of 1 to 100, with 100 being best." I believe that my numbers were skewed because I screened for 3 mo RS rather than the longer time period of IBD. Please correct me if I'm wrong. MSINV also has a screening criteria-Wells Wilder" RS Index. Are you familiar with it? As to CANSLIM here are the criteria choices I have available and I would appreciate some feedback from you and the group as to which would be most valuable in each area: CA: EPS YTD/YTD; QTR/QTR; YR/YR. QTR Earnings growth above/below 5 Yr average Projected EPS growth next year / next 5 years Earnings Estimate Increased/Decreased Earnings Estimate Spread Increased/Decreased Exceeded Analysts Estimates for two previous qtrs N A variety of news/press/company releases S Market Cap, Float, ADV wk/month/qtr/year, OBV,Cash Flow L RS 3mo/6mo/12mo Relative Strength, Rel Str Index I Institutional Ownership %, Ins Own increase/decrease M A variety of criteria: from OBV to psychological indicators. Other indicators I believe would compliment the above: ROE, ROA, Profit Margins, Price to Book/Sales, DOE, % Price change for wk/mo/qtr/ytd/yr Near or at 52 Week high 10/50/200 dma having crossed (x)DMA I've been AWOL from the list for 3-4 months and trying to start back up again. Thanks James Adams jadams@ntr.net jimadams@may-uky.campus.mci.net Maysville, KY USA - - ------------------------------ Date: Tue, 16 Mar 1999 13:24:10 -0500 From: Walter Stock Subject: Re: [CANSLIM] Marder turns bullish on 'M'--ABSOLUTELY! http://cbs.marketwatch.com/news/current/marder.htx?source=3Dblq/yhoo > What he's saying is that the canny > speculator who knows how to cut his losses can make money here. There is > nothing in the article to substantiate *bullish "M"*. > > Dan Hi Dan, I beg to differ. The article is titled "And the Clouds Parted, Another Feast for the Intermediate Speculator" How much more bullish would you like? And yes, the "speculator" he talks about is us. If you go back through the Marder archives, you will see that he uses this term to describe the readers of his column, including intermediate-term traders and Canslim followers. "Speculator" may be a dirty word in the popular press, and among the masses. It isn't with Marder and William O'Neil : HTMMIS (2nd edition), p.87 : "let's define two misunderstood words. These words are Speculator and Investor. Bernard Baruch interpreted Speculator as follows: ' The word speculator comes from the Latin speculari which means to spy and observe. A speculator, therefore, is a person who observes and acts before it occurs.' Jesse Livermore, another old-time stock market legend, defined Investor this way: ' Investors are the big gamblers. They make a bet, stay with it, and if it goes wrong, they lose it all.' These definitions are a bit different than those you will read in Webster's Dictionary. But we know Baruch and Livermore on occasion made millions of dollars in the stock market. We're not sure about Webster. " I think I'll side with O'Neil, Marder, Baruch, and Livermore. When people ask me what I do for a living I tell them that I am a full-time position trader. If they call me a speculator I rather like it. At the beginning of March I went from cash to 100% invested and 100% margined. Just today I cashed in the margined profits. O'Neil and Elder make me money. So does Marder. He speaks especially to the people on our list. Walter Oakville ONT, Canada. - - ------------------------------ Date: Tue, 16 Mar 1999 21:56:55 +0100 From: Johan Van Houtven Subject: [CANSLIM] Searchable stock database with CANSLIM parameters http://www.stocktables.com/ EPS rank, RS rank, Acc/Dis, etc. Free try out registration. From the people who produce "The Pitbull Investor". (Not exactly a plus... ;^) Johan - - ------------------------------ Date: Tue, 16 Mar 1999 19:59:36 -0500 From: David Laswson Subject: Re: [CANSLIM] Growth Stock Analytics Report for March 1, 1999 Dear growth stock analytics guy, Sorry I didn't mean for you to take my message personel.As I said I wouldn't have even known about ADVP if not for your post.I hope my rudeness doesn't stop you from posting in the future. Thanks Ari P.S. sorry I didn't save your message so I don't know your name. - - ------------------------------ Date: Wed, 17 Mar 1999 01:53:05 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Marder turns bullish on 'M'--ABSOLUTELY! On Tue, 16 Mar 1999 13:24:10 -0500, you wrote: :http://cbs.marketwatch.com/news/current/marder.htx?source=3D3Dblq/yhoo : :> What he's saying is that the canny :> speculator who knows how to cut his losses can make money here. There :is :> nothing in the article to substantiate *bullish "M"*. :> :> Dan : :Hi Dan, : :I beg to differ. : :The article is titled "And the Clouds Parted, :Another Feast for the Intermediate Speculator" : :How much more bullish would you like? : :And yes, the "speculator" he talks about is us. :If you go back through the Marder archives, :you will see that he uses this term to describe the readers :of his column, including intermediate-term traders and Canslim :followers. : :"Speculator" may be a dirty word in the popular press, and :among the masses. : :It isn't with Marder and William O'Neil : : : HTMMIS (2nd edition), p.87 : "let's define two misunderstood :words. : These words are Speculator and Investor. Bernard Baruch interpreted : Speculator as follows: ' The word speculator comes from the Latin : speculari which means to spy and observe. A speculator, therefore, :is a : person who observes and acts before it occurs.' : Jesse Livermore, another old-time stock market legend, defined :Investor : this way: ' Investors are the big gamblers. They make a bet, stay :with it, : and if it goes wrong, they lose it all.' These definitions are a :bit : different than those you will read in Webster's Dictionary. But we :know : Baruch and Livermore on occasion made millions of dollars in the :stock : market. We're not sure about Webster. " : :I think I'll side with O'Neil, Marder, Baruch, and Livermore. : :When people ask me what I do for a living I tell them that I am a :full-time position trader. If they call me a speculator I rather like :it. : :At the beginning of March I went from cash to 100% invested and :100% margined. Just today I cashed in the margined profits. :O'Neil and Elder make me money. So does Marder. : :He speaks especially to the people on our list. : :Walter :Oakville ONT, Canada. : Marder says: "He (the canny speculator) realizes that now is not the time to be concerned with the shoddy breadth of the market's rally.=20 Not when so many aggressive growth stocks are acting so well." Now, my assertion is that this is not a bullish on "M" scenario, as in CANSLIM. It is a scenario in which a highly selective and careful speculator can have big gains. The aggressive growth stocks he is referring to are spearheaded by "selected Internet stocks providing leadership". These are not CANSLIM stocks, and "M" is still lousy. "M" has been lousy for over a year, if you are talking about the "M" for CANSLIM qualifying stocks, and unless you specify otherwise, that's what I have to assume. I am not arguing with Marder. I think he is absolutely right. But "bullish on 'M'" is not how I would characterize his outlook. Dan Dan - - ------------------------------ Date: Tue, 16 Mar 1999 22:03:17 -0500 From: "Dave Wood" Subject: [CANSLIM] GM Everyone, I know GM is not a canslim candidate, but I am just practicing my chart reading. GM is making a near perfect saucer with handle. It is clear on a daily chart. The saucer starts the week of 2/1/99 around 92. The decline is to about 83.5 (10%). The saucer ends 3/5/99 at 90. The handle is now seven days along. Volume acted well during the formation- declining during the flat bottom and picking up during the saucer completion and again declining during the handle. Any comments would be welcomed ! Dave - - ------------------------------ Date: Tue, 16 Mar 1999 23:14:45 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Searchable stock database with CANSLIM parameters At 09:56 PM 3/16/99 +0100, you wrote: >http://www.stocktables.com/ > >EPS rank, RS rank, Acc/Dis, etc. >Free try out registration. >From the people who produce "The Pitbull Investor". (Not exactly a plus... ;^) > >Johan > Why not a plus? I am naive about "Pitbull", as I know nothing of them. I do however like the stocktables site. Features I longed for in DGO, and it would have made the high subscription price more justified. Anyone have a read on how well the "Pit Bull" data correlates with IBD? Or if the EPS rankings are a valid methodology? Is the site updated by some kid good at html? Or is it a true database of reliable data? Will the Pitbull stop the freebie at some point? Does anyone know what they plan for a fee? I've been developing a "position trading" system using their screens and then my own nightly scans and short term timing signals. I like the results, but fear if they price me out of the Pitbull screens, I'll have done all my current research in vain. Regards, Frank Wolynski - - ------------------------------ Date: Wed, 17 Mar 1999 09:27:07 -0500 From: Connie Mack Rea Subject: [CANSLIM] NOVL [Connie Mack] I know for certain that there are six members still in NOVL. I have corresponded with them already. Should there be others, further good news is out this morning. One house [Merrill] is setting a target of 30. The past few days of trading should provide a support for further up moves. Profit is a fine transit. Connie Mack - - ------------------------------ End of canslim-digest V2 #556 ***************************** 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.