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2003-08-05
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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #3471
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk
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X-No-Archive: yes
canslim-digest Wednesday, August 6 2003 Volume 02 : Number 3471
In this issue:
[CANSLIM] Hi,
Re: [CANSLIM] filter
Re: [CANSLIM] filter
----------------------------------------------------------------------
Date: Wed, 6 Aug 2003 15:28:22 -0400
From: "Mark Kerson" <mkerson@dplus.net>
Subject: [CANSLIM] Hi,
This is a multi-part message in MIME format.
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I=92m looking at NWRE.=20
=20
Its grades are mediocre. I am not looking at buying it.=20
=20
But I=92m interested in the chart.
=20
It is forming a handle and as it approaches the 50 day line the volume
has dropped to =BC of the average volume. (466k vs. currently around =
140k)
=20
I think I remember reading in IBD this was an indication that shares
available for sale were drying up. Which in turn would drive the price
higher? It also seems significant that it is doing this as it approaches
the 50 day line.=20
=20
I would appreciate any insights or thoughts about this chart pattern. =20
=20
Thank you,
=20
Mark=20
=20
=20
=20
=20
=20
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<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>I’m =
looking at
NWRE. </span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>Its grades =
are mediocre.
I am not looking at buying it. </span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>But I’m =
interested
in the chart.</span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>It is forming =
a handle
and as it approaches the 50 day line the volume has dropped to =BC of =
the average
volume. (466k vs. currently around 140k) =A0</span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>I think I =
remember
reading in IBD this was an indication that shares available for sale =
were
drying up. =A0Which in turn would drive the price higher? It also seems =
significant
that it is doing this as it approaches the 50 day line. =
</span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>I would =
appreciate any
insights or thoughts about this chart pattern. =A0</span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>Thank =
you,</span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
=
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'>Mark</span></f=
ont><font
color=3D"#333333" face=3DArial><span =
style=3D'font-family:Arial;color:#333333'> </span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'><img =
width=3D64
height=3D64 =
src=3D"cid:image001.gif@01C35C2F.5F15FA40"></span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 color=3D"#333333" face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial;color:#333333'> </span><=
/font></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:
12.0pt'> </span></font></p>
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------------------------------
Date: Wed, 6 Aug 2003 14:31:11 -0500
From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] filter
This is a multi-part message in MIME format.
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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
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
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:
<<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 -----=20
From: Jeff Henderson=20
To: canslim@lists.xmission.com=20
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%.
=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?
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bgColor=3Dwhite>
<DIV><FONT face=3D"Comic Sans MS">Hi Katherine, I'm pretty sure that the =
RS ranks=20
are not based over the prior 52 weeks.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">And, I have found the MSN screener to =
be very=20
effective. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 2:21=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D281181619-06082003>Hi Jeff,</SPAN></DIV>
<DIV><SPAN class=3D281181619-06082003></SPAN> </DIV>
<DIV><SPAN class=3D281181619-06082003>I might add a note of caution on =
using the=20
MSN screener. That is, their RS ranks are based on a flat change in =
price over=20
the prior 52 weeks. This is significantly different than IBD's RS =
ranks, which=20
are weighted so that the price action in the most recent quarter =
carries more=20
weight (40%), while previous quarter's each carry 20% weight. The =
other=20
difference in RS ranks is that the database over which they are =
determined is=20
very different. RS ranks for the IBD are based on a universe of stocks =
which=20
includes *only* common stocks on the major US (NASDAQ,=20
NYSE, AMEX) and Canadian exchanges, plus closed end bond and =
equity=20
funds. From what I remember, MSN RS ranks are calculated across all =
equities=20
in the US markets, including warrants and preferreds. While the RS =
ranks at=20
MSN are indeed useful, you would not be emulating the IBD rankings for =
purposes of filtering your stocks.</SPAN></DIV>
<DIV><SPAN class=3D281181619-06082003></SPAN> </DIV>
<DIV><SPAN class=3D281181619-06082003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
</B>DMC197807<BR><B>Sent:</B> Wednesday, August 06, 2003 2:08=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
filter<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Jeff,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>If you're using a free scanner, why =
don't you=20
use the one Gene posted a couple of days ago (I'll repost his post) =
and play=20
with the criteria there. If I adjust relative strength to 80 =
or above=20
it spits out 15 names.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>As for CANSLIM criteria, after M =
one supposes=20
they are all important, and my descending order is no better (could =
be a lot=20
worse) than anyone else's. However, you are asking a question =
that I=20
answered 2 days ago, at least from my perspective. This is =
from my=20
note on 8/4 to Yien:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><<Good, that's a bunch of information that you can't =
use. =20
Now, for some you<BR>can. There are only 3 numbers which =
matter, when=20
all the dust is settled.<BR>They are NOT p/e, d/e, current ratio, =
PEG,=20
profit margin or inventory<BR>turnover.<BR><BR>THEY ARE: Price =
paid=20
for shares, Price received for shares, Time held.<BR><BR>Now, =
MILSCAN=20
(Canslim to some of you) is a very interesting approach, and<BR>can=20
possibly, with strong position and money management systems, help =
you=20
to<BR>buy low and sell high in a timely timeframe.<BR><BR>Here's how =
I think=20
of these factors, in descending order of =
importance:<BR><BR><<M is for=20
the market and the market trend. We are at an inflection=20
point<BR>here, so it's lookout below, or perhaps lookout =
above.<BR><BR>N is=20
for new highs in the stock, breaking out above the pivot =
point<BR><BR>L is=20
for an relative strength rating of 70 or better<BR><BR>A is for =
annual=20
earnings growth (this is for additional comfort)<BR><BR>C is for =
current=20
quarterly earnings (this is for additional comfort)<BR><BR>I is for=20
institutional sponsorship (this is a timing issue--I think I=20
trust<BR>the chart over this, for some reason)<BR><BR>S is for =
supply of=20
stock (looking for a relatively low no. of shares--here I<BR>want to =
exclude=20
the over-issued monsters like CSCO and INTC where it will<BR>take a =
ton of=20
momentum to move the billions of shares outstanding).<BR><BR>In =
closing,=20
using TA and FA together is a good idea, but when in =
conflict,<BR>trust the=20
TA. Remember, out of 7000 stocks we are looking for 1 or 2 =
names<BR>a=20
week on which to carefully place our hopes. >></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DJHend746@cox.net href=3D"mailto:JHend746@cox.net">Jeff=20
Henderson</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003=20
11:40 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Sorry =
about the=20
misunderstanding I was using the CANSLIM acronym. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I=92ll explain my filter =
again.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>First off I use MSN as =
my filter=20
source. <SPAN style=3D"mso-spacerun: yes"> </SPAN>Here is my =
filter=20
that I use: current earnings per share (the same quarter a year=20
ago)>=3D70%, annual earnings per share over the past 5 years, =
>=3D 24%=20
compounded, shares outstanding<25,000,000, relative =
strength>=20
80%.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of=20
</SPAN></B>DMC197807<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
</SPAN></FONT><st1:date=20
Year=3D"2003" Day=3D"6" Month=3D"8"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Wednesday, August =
06,=20
2003</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Minute=3D"23" Hour=3D"11"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">11:23=20
AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM]=20
filter</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Jeff,</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I =
don't=20
understand which filter/scan you are using, or what all your =
variables=20
mean. If you're using a public scan or stockcharts, maybe =
you can=20
put in a link here?</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">If C =
=3D=20
capitalization and you are using only the top 30% of stocks you've =
filtered out way too many stocks already. In capitalization =
I only=20
filter out the very top stocks, but that's just me. I don't =
know=20
what your S is. For relative strength I use the top 40% of =
the=20
market, that is, stocks outperforming=20
60%.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I'm =
willing to=20
let some other names in because after this scan gives me names, =
I'm happy=20
to look through charts to find appropriate=20
patterns.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">DMC</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">----- Original Message =
- -----=20
<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; =
BORDER-TOP: medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: =
5pt 0in 5pt 3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none">
<DIV style=3D"font-color: black">
<P class=3DMsoNormal=20
style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial"> <A=20
title=3DJHend746@cox.net href=3D"mailto:JHend746@cox.net">Jeff =
Henderson</A>=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">Canslim</A>=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
</SPAN></FONT><st1:date Year=3D"2003" Day=3D"6" =
Month=3D"8"><FONT face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Wednesday,=20
August 06, 2003</SPAN></FONT></st1:date><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> =
</SPAN></FONT><st1:time=20
Minute=3D"2" Hour=3D"9"><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">9:02=20
AM</SPAN></FONT></st1:time><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
[CANSLIM] filter<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">After reading=20
O=92Neil=92s book I decided to use the filter C>=3D70, =
A>=3D5,=20
S<25,000,000, relative strength>80 and last volume 1.5 =
average=20
quarterly volume.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>To my=20
dismay, no stocks popped up.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>How would you alter this=20
=
filter?<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></DIV></BLOCKQUOTE></BLO=
CKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_07A8_01C35C27.62355C50--
- -
- -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 14:43:04 -0500
From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] filter
This is a multi-part message in MIME format.
- ------=_NextPart_000_07CC_01C35C29.0AF44120
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
MSN's Relative strength is defined as follows:
Measures the price performance of a stock in comparison to all other =
stocks. Many analysts believe that stocks with strong and improving =
relative strength tend to continue to outperform all other stocks, all =
other things being equal.=20
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. Stocks that are =
ranked from 70 to 100 are considered to have good relative strength, =
while stocks ranked less than 50 are considered to have poor relative =
strength.
They allow 3 time periods:
3-month relative strength
6-month relative strength
12-month relative strength
And, the best part is being able to compare time periods to see if it's =
improving or not.
Gene
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 06, 2003 2:31 PM
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
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
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:
<<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 -----=20
From: Jeff Henderson=20
To: canslim@lists.xmission.com=20
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%.
=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?
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<DIV>
<P><FONT face=3D"Comic Sans MS">MSN's Relative strength is defined as=20
follows:</FONT>
<P>Measures the price performance of a stock in comparison to all other =
stocks.=20
Many analysts believe that stocks with strong and improving relative =
strength=20
tend to continue to outperform all other stocks, all other things being =
equal.=20
<P>
<P>The figure is obtained by calculating the percent price change of a =
stock=20
over a particular time period and ranking it against all other stocks on =
a scale=20
of 1 to 100, with 100 being best. Stocks that are ranked from 70 to 100 =
are=20
considered to have good relative strength, while stocks ranked less than =
50 are=20
considered to have poor relative strength.</P>
<P><FONT face=3D"Comic Sans MS">They allow 3 time periods:</FONT></P>
<P><FONT face=3D"Comic Sans MS">3-month relative strength</FONT></P>
<P><FONT face=3D"Comic Sans MS">6-month relative strength</FONT></P>
<P><FONT face=3D"Comic Sans MS">12-month relative strength</FONT></P>
<P><FONT face=3D"Comic Sans MS">And, the best part is being able to =
compare time=20
periods to see if it's improving or not.</FONT></P>
<P><FONT face=3D"Comic Sans MS">Gene</FONT></P>
<P><FONT face=3D"Comic Sans MS"></FONT> </P></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 2:31=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Hi Katherine, I'm pretty sure that =
the RS=20
ranks are not based over the prior 52 weeks.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">And, I have found the MSN screener =
to be very=20
effective. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 2:21=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D281181619-06082003>Hi Jeff,</SPAN></DIV>
<DIV><SPAN class=3D281181619-06082003></SPAN> </DIV>
<DIV><SPAN class=3D281181619-06082003>I might add a note of caution =
on using=20
the MSN screener. That is, their RS ranks are based on a flat change =
in=20
price over the prior 52 weeks. This is significantly different than =
IBD's RS=20
ranks, which are weighted so that the price action in the most =
recent=20
quarter carries more weight (40%), while previous quarter's each =
carry 20%=20
weight. The other difference in RS ranks is that the database over =
which=20
they are determined is very different. RS ranks for the IBD are =
based on a=20
universe of stocks which includes *only* common stocks on the major =
US=20
(NASDAQ, NYSE, AMEX) and Canadian exchanges, plus closed =
end bond=20
and equity funds. From what I remember, MSN RS ranks are calculated =
across=20
all equities in the US markets, including warrants and preferreds. =
While the=20
RS ranks at MSN are indeed useful, you would not be emulating the =
IBD=20
rankings for purposes of filtering your stocks.</SPAN></DIV>
<DIV><SPAN class=3D281181619-06082003></SPAN> </DIV>
<DIV><SPAN class=3D281181619-06082003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
</B>DMC197807<BR><B>Sent:</B> Wednesday, August 06, 2003 2:08=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM] filter<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Jeff,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>If you're using a free scanner, =
why don't you=20
use the one Gene posted a couple of days ago (I'll repost his =
post) and=20
play with the criteria there. If I adjust relative strength =
to 80 or=20
above it spits out 15 names.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>As for CANSLIM criteria, after M =
one supposes=20
they are all important, and my descending order is no better =
(could be a=20
lot worse) than anyone else's. However, you are asking a =
question=20
that I answered 2 days ago, at least from my perspective. =
This is=20
from my note on 8/4 to Yien:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><<Good, that's a bunch of information that you can't =
use. =20
Now, for some you<BR>can. There are only 3 numbers which =
matter,=20
when all the dust is settled.<BR>They are NOT p/e, d/e, current =
ratio,=20
PEG, profit margin or inventory<BR>turnover.<BR><BR>THEY =
ARE: Price=20
paid for shares, Price received for shares, Time held.<BR><BR>Now, =
MILSCAN=20
(Canslim to some of you) is a very interesting approach, =
and<BR>can=20
possibly, with strong position and money management systems, help =
you=20
to<BR>buy low and sell high in a timely timeframe.<BR><BR>Here's =
how I=20
think of these factors, in descending order of=20
importance:<BR><BR><<M is for the market and the market =
trend. =20
We are at an inflection point<BR>here, so it's lookout below, or =
perhaps=20
lookout above.<BR><BR>N is for new highs in the stock, breaking =
out above=20
the pivot point<BR><BR>L is for an relative strength rating of 70 =
or=20
better<BR><BR>A is for annual earnings growth (this is for =
additional=20
comfort)<BR><BR>C is for current quarterly earnings (this is for=20
additional comfort)<BR><BR>I is for institutional =
sponsorship (this=20
is a timing issue--I think I trust<BR>the chart over this, for =
some=20
reason)<BR><BR>S is for supply of stock (looking for a relatively =
low no.=20
of shares--here I<BR>want to exclude the over-issued monsters like =
CSCO=20
and INTC where it will<BR>take a ton of momentum to move the =
billions of=20
shares outstanding).<BR><BR>In closing, using TA and FA together =
is a good=20
idea, but when in conflict,<BR>trust the TA. Remember, out =
of 7000=20
stocks we are looking for 1 or 2 names<BR>a week on which to =
carefully=20
place our hopes. >></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DJHend746@cox.net =
href=3D"mailto:JHend746@cox.net">Jeff=20
Henderson</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August =
06, 2003=20
11:40 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
filter</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Sorry =
about the=20
misunderstanding I was using the CANSLIM acronym. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I=92ll explain my =
filter=20
again.<SPAN style=3D"mso-spacerun: yes"> </SPAN>First off =
I use MSN=20
as my filter source. <SPAN style=3D"mso-spacerun: =
yes"> </SPAN>Here=20
is my filter that I use: current earnings per share (the same =
quarter a=20
year ago)>=3D70%, annual earnings per share over the past 5 =
years,=20
>=3D 24% compounded, shares outstanding<25,000,000, =
relative=20
strength> 80%.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com] <B><SPAN=20
style=3D"FONT-WEIGHT: bold">On Behalf Of =
</SPAN></B>DMC197807<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
</SPAN></FONT><st1:date=20
Month=3D"8" Day=3D"6" Year=3D"2003"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Wednesday, August =
06,=20
2003</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Hour=3D"11" Minute=3D"23"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">11:23=20
AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM]=20
filter</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Jeff,</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I =
don't=20
understand which filter/scan you are using, or what all your =
variables=20
mean. If you're using a public scan or stockcharts, maybe =
you can=20
put in a link here?</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">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 only=20
filter out the very top stocks, but that's just me. I =
don't know=20
what your S is. For relative strength I use the top 40% of =
the=20
market, that is, stocks outperforming=20
60%.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I'm =
willing to=20
let some other names in because after this scan gives me names, =
I'm=20
happy to look through charts to find appropriate=20
patterns.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">DMC</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN style=3D"FONT-SIZE: =
12pt">-----=20
Original Message ----- <o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; =
BORDER-TOP: medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: =
5pt 0in 5pt 3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none">
<DIV style=3D"font-color: black">
<P class=3DMsoNormal=20
style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
<A title=3DJHend746@cox.net =
href=3D"mailto:JHend746@cox.net">Jeff=20
Henderson</A> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
<A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">Canslim</A>=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"6" =
Year=3D"2003"><FONT face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Wednesday,=20
August 06, 2003</SPAN></FONT></st1:date><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> =
</SPAN></FONT><st1:time=20
Hour=3D"9" Minute=3D"2"><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">9:02=20
AM</SPAN></FONT></st1:time><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; =
FONT-FAMILY: Arial">=20
[CANSLIM] filter<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">After reading=20
O=92Neil=92s book I decided to use the filter C>=3D70, =
A>=3D5,=20
S<25,000,000, relative strength>80 and last volume 1.5 =
average=20
quarterly volume.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>To my=20
dismay, no stocks popped up.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>How would you alter this=20
=
filter?<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></DIV></BLOCKQUOTE></BLO=
CKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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