From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1343 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 Monday, May 7 2001 Volume 02 : Number 1343 In this issue: Re: [CANSLIM] CANSLIM candidates at a market bottom Re: [CANSLIM] Question about 'float' Re: [CANSLIM] DGO List - Part One Re: [CANSLIM] Question about 'float' Re: [CANSLIM] Question about 'float' Re: [CANSLIM] Question about 'float' Re: [CANSLIM] Question about 'float' [CANSLIM] Re: AAS- Short interest Re: [CANSLIM] Question about 'float' [CANSLIM] WON's Open Letter [CANSLIM] IBD's 20 Rules scan Re: [CANSLIM] WON's Open Letter [CANSLIM] earningswhispers.com Re: [CANSLIM] IBD's 20 Rules scan ---------------------------------------------------------------------- Date: Sun, 06 May 2001 07:45:01 -0700 From: Dan Subject: Re: [CANSLIM] CANSLIM candidates at a market bottom Tracie, My primary software is Metastock. On Balance Volume is one of many indicators that is included with it. I have symbols in subdirecories that I scan for various indicators. I add and delete symbols all the time for viewing and scanning. My source for symbols is varied , this list is one. Much of what I look for for indication of internal, technical strength or weakness is not addressed by CANSLIM per se. Dan Tracie Oken wrote: > Dan, > > How are you scanning for some of the key indicators you mentioned below? I > use DGO and haven't found a report that has these elements. > > Thanks, I would love to scan on these items myself! > > Tracie > > ----- Original Message ----- > From: "Kent Norman" > To: > Sent: Sunday, May 06, 2001 1:27 AM > Subject: Re: [CANSLIM] CANSLIM candidates at a market bottom > > > Now that we can look back SHFL & NVR did really well. > > 2 out of 6 were fantastic (RLRN nearly 50%) and all > > are positive. > > > > Good Work > > > > Kent Norman > > > > --- DougC wrote: > > > If we are at or near a market bottom in any of the > > > averages I don't think > > > it's going to make much difference to a CANSLIM > > > follower anytime soon. Even > > > if we get a rip roaring followtru this week. I went > > > through the 2855 in > > > this weeks DGOindex with six succesive scans. > > > > > > 1st Scan GRS>60 EPS>80 RS>80 > > > Result 283 stocks > > > > > > 2nd Scan Fund <16 Debt < 50 > > > Result 66 stocks > > > > > > 3rd Scan GwthRate > 15 Last Qtr > 15 > > > Result 33 stocks > > > > > > 4th Scan Earnings Stability < 25 > > > Result 23 stocks > > > > > > 5th Scan ROE >17 > > > Result 13 stocks > > > > > > 6th Scan '01 Annual Earnings Est. >15% > > > Result 6 stocks > > > > > > The six stocks are: > > > ALSI CHIC NVR NYCB SHFL WAG > > > > > > Not much to get me too excited. I think I'll try > > > swing trading for the next > > > three to six months. With options. Using only 10% of > > > my funds of course. At > > > least it will give me something to do. ;) > > > > > > - > > > -To subscribe/unsubscribe, email > > > "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > > > __________________________________________________ > > Do You Yahoo!? > > Yahoo! Auctions - buy the things you want at great prices > > http://auctions.yahoo.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 6 May 2001 10:49:09 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Question about 'float' Tom: Thanks. And thanks for adding comments on Treasury Stock and fully diluted shares. In a message dated 5/6/2001 4:06:23 AM Eastern Daylight Time, stkguru@netside.net writes: << Not correct by DGO's definition. Shares outstanding is the total number of shares issued, less any Treasury stock. DGO reports management ownership as a percent of this number. Shares outstanding is not the same as fully diluted shares, which is used for reporting earnings per share. Fully diluted will add to shares outstanding those shares represented by "in the money" employee stock options, convertible bonds or preferred shares, etc.... >> - - - -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: Sun, 6 May 2001 10:52:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DGO List - Part One This is a multi-part message in MIME format. - ------=_NextPart_000_000C_01C0D61A.A6C07B60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable It was on the full list from DGO, but the chart didn't grab me, so I = didn't include it. It declined the past two days, but on well under ADV. So if you own it, = you are likely still ok, but should watch it closely. Remember that when I do this review, I am only looking at the chart, not = the symbol or the fundies. And usually only the latest six months of the = chart. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Jeremy Kaufman=20 To: canslim@lists.xmission.com=20 Sent: Sunday, May 06, 2001 3:18 AM Subject: Re: [CANSLIM] DGO List - Part One Tom - I notice that there is no message of HOTT. Please advise as to = how this stock looks. Thanks ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Saturday, May 05, 2001 6:43 AM Subject: [CANSLIM] DGO List - Part One Full list totals 264, up slightly from last week's 245 and less than = I was expecting. Prior to that it was 195 and 171. It consists of those stocks in the Daily Graphs books (roughly = 2,800) that as of Friday had both RS and EPS of 80 or better. = Additionally, they must have been at or within 5% of the 12 month high = during the prior week. In my review of this overall list, I am only = focusing on the recent chart patterns.=20 This review of the overall list is solely intended to identify = stocks with good CANSLIM qualities, using authentic WON sourced data, = that are showing some kind of constructive chart formation. The idea is = to present some candidates for member's watch list, not to suggest they = are presently a "buy" candidate. No due diligence has been done. My own = personal bias against certain industries is ignored in the review. =20 As always, my shorthand notation is Bx where "B" means a "B"ase of = "x" weeks, IMO. LLUR =3D Lower Left Upper Right, a non-CANSLIM pattern that can work = with CANSLIM using the trend as the base line =20 SKX - HTF??, vol declining ACF - ready to resume the staircase? SDRX - another staircase BZH - b/o Fri on better than 2X ADV from a high handle cup, nice = formation, so much for the Bldg-Resident/Commercial group in a decline? STRC - B1, vol dropping LEN - moving back to the pivot from a B2 on Fri, another = Bldg-Resident/Comm stock USLB - B3, vol dropping RYL - b/o Fri on 2.5X ADV, another Bldg-Resident/Comm group, is = there a pattern here? IGT - B4 UCBH - decent c&h forming, a little unusual for a bank ESI - B2+, base trending up RJR - b/o Fri on 1.4X ADV QUIX - sloppy B4 DME - LLUR PLB - resuming a handle on a flat saucer SIB - LLUR SERO - b/o Fri from a high handle on huge vol MKT - B3+, tight range, vol dropping BWS - uncertain B8, this stock can't make up its mind where it's = headed AAS - B4 below the high STRA - B1+, vol down CORS - B5, below avg volume NFB - B4 EME - B3 Tom Worley stkguru@netside.net =20 - ------=_NextPart_000_000C_01C0D61A.A6C07B60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
It was on the full list from DGO, but the chart = didn't grab=20 me, so I didn't include it.
 
It declined the past two days, but on well under = ADV. So if=20 you own it, you are likely still ok, but should watch it = closely.
 
Remember that when I do this review, I am only = looking at the=20 chart, not the symbol or the fundies. And usually only the latest six = months of=20 the chart.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 Jeremy=20 Kaufman
To: canslim@lists.xmission.com =
Sent: Sunday, May 06, 2001 3:18 = AM
Subject: Re: [CANSLIM] DGO List = - - Part=20 One

Tom - I notice that there is no = message of=20 HOTT.  Please advise as to how this stock looks. =20 Thanks
----- Original Message -----
From:=20 Tom=20 Worley
To: CANSLIM=20
Sent: Saturday, May 05, 2001 = 6:43=20 AM
Subject: [CANSLIM] DGO List - = Part=20 One

Full list totals 264, up slightly from last = week's 245 and=20 less than I was expecting. Prior to that it was 195 and = 171.
 
It consists of those stocks in = the Daily=20 Graphs books (roughly 2,800) that as of Friday had both RS and EPS = of 80 or=20 better.  Additionally, they must have been at or within 5% of = the 12=20 month high during the prior week. In my review of this overall list, = I am=20 only focusing on the recent chart patterns.=20
 
This review of the overall list is solely = intended to=20 identify stocks with good CANSLIM qualities, using authentic WON = sourced=20 data, that are showing some kind of constructive chart = formation. The=20 idea is to present some candidates for member's watch list, not to = suggest=20 they are presently a "buy" candidate. No due diligence has been = done. My own=20 personal bias against certain industries is ignored = in the=20 review.
 
As always, my shorthand notation = is Bx where=20 "B" means a "B"ase of "x" weeks, IMO.
 
LLUR =3D Lower Left Upper Right, a non-CANSLIM pattern that can = work with=20 CANSLIM using the trend as the base line
 
SKX - HTF??, vol declining
ACF - ready to resume the = staircase?
SDRX - another staircase
BZH - b/o Fri on better than 2X ADV from a high = handle=20 cup, nice formation, so much for the Bldg-Resident/Commercial group = in a=20 decline?
STRC - B1, vol dropping
LEN - moving back to the pivot from a B2 on Fri, = another=20 Bldg-Resident/Comm stock
USLB - B3, vol dropping
RYL - b/o Fri on 2.5X ADV, another = Bldg-Resident/Comm=20 group, is there a pattern here?
IGT - B4
UCBH - decent c&h forming, a little unusual = for a=20 bank
ESI - B2+, base trending up
RJR - b/o Fri on 1.4X ADV
QUIX - sloppy B4
DME - LLUR
PLB - resuming a handle on a flat = saucer
SIB - LLUR
SERO - b/o Fri from a high handle on huge = vol
MKT  - B3+, tight range, vol = dropping
BWS - uncertain B8, this stock can't make up its = mind=20 where it's headed
AAS - B4 below the high
STRA - B1+, vol down
CORS - B5, below avg volume
NFB - B4
EME - B3
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_000C_01C0D61A.A6C07B60-- - - - -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: Sun, 6 May 2001 11:10:56 -0500 From: "The Curry's" Subject: Re: [CANSLIM] Question about 'float' Thank you, Mike, Jans and Tom for your helpful info. I still can't see how institutions can own more than 100% of the float. In the case of EME it said 200%. How am I to interpret this? Also, how much institutional ownership is too much? Thanks, Patti - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, May 06, 2001 3:20 AM Subject: Re: [CANSLIM] Question about 'float' > My spell checker didn't like the second repetition of "000" and > truncated the numbers, so reposting the example with corrections. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Tom Worley > To: > Sent: Sunday, May 06, 2001 4:01 AM > Subject: Re: [CANSLIM] Question about 'float' > > > Hypothetical Example: > 10,000,000 issued - this is shares outstanding > Management owns 5,000,000 shares, thus management ownership > reported as 50% > This leaves 5,000,000 in the float > Funds own 2,500,000 shares, thus funds ownership reported as 50% > (meaning 50% of the float) > This still leaves 2,500,000 shares available for other > institutional buyers, people like us, venture capitalists, etc. > > Tom Worley > stkguru@netside.net > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 6 May 2001 12:51:29 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Question about 'float' Hi Patti, Obviously, no one, institutionals included, can own more than 100% of the float. I must assume that Yahoo is counting the unissued shares that would be issued in the future if the convertible bonds were converted into common stock. As I said, this would be double counting, as these shares are unissued as of yet, and thus not a part of the countable float. As for a desirable percentage ownership by "institutionals", I cannot give you an answer as institutionals covers a wide range of entities, including not only mutual funds, but also pension funds, venture capitalists, insurance companies, banks, and high net worth individual investors. I only consider mutual funds, as that is a quantified number at DGO even if the data is stale, and only like 0-10% ownership of the float. Lately I have started using companysleuth to examine the rest of the institutional ownership, and tend to favor those stocks where I find a venture capitalist with a large position that I have already found present in numerous other stocks I like. As to how to interpret Yahoo's claim of 200% ownership by institutionals, I would suggest either disregarding it or writing Yahoo and pointing out how stupid their figure is. Tom Worley stkguru@netside.net - ----- Original Message ----- From: The Curry's To: Sent: Sunday, May 06, 2001 12:10 PM Subject: Re: [CANSLIM] Question about 'float' Thank you, Mike, Jans and Tom for your helpful info. I still can't see how institutions can own more than 100% of the float. In the case of EME it said 200%. How am I to interpret this? Also, how much institutional ownership is too much? Thanks, Patti - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, May 06, 2001 3:20 AM Subject: Re: [CANSLIM] Question about 'float' > My spell checker didn't like the second repetition of "000" and > truncated the numbers, so reposting the example with corrections. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Tom Worley > To: > Sent: Sunday, May 06, 2001 4:01 AM > Subject: Re: [CANSLIM] Question about 'float' > > > Hypothetical Example: > 10,000,000 issued - this is shares outstanding > Management owns 5,000,000 shares, thus management ownership > reported as 50% > This leaves 5,000,000 in the float > Funds own 2,500,000 shares, thus funds ownership reported as 50% > (meaning 50% of the float) > This still leaves 2,500,000 shares available for other > institutional buyers, people like us, venture capitalists, etc. > > Tom Worley > stkguru@netside.net > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Sun, 6 May 2001 12:35:42 -0700 From: "Jay Oken" Subject: Re: [CANSLIM] Question about 'float' I also recently saw a stock, on DG's datablock, where the ownership was about 150% when you added up institutions, banks and management. As Tom mentions this is obviously wrong. - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, May 06, 2001 9:51 AM Subject: Re: [CANSLIM] Question about 'float' > Hi Patti, > > Obviously, no one, institutionals included, can own more than > 100% of the float. I must assume that Yahoo is counting the > unissued shares that would be issued in the future if the > convertible bonds were converted into common stock. As I said, > this would be double counting, as these shares are unissued as of > yet, and thus not a part of the countable float. > > As for a desirable percentage ownership by "institutionals", I > cannot give you an answer as institutionals covers a wide range > of entities, including not only mutual funds, but also pension > funds, venture capitalists, insurance companies, banks, and high > net worth individual investors. I only consider mutual funds, as > that is a quantified number at DGO even if the data is stale, and > only like 0-10% ownership of the float. > > Lately I have started using companysleuth to examine the rest of > the institutional ownership, and tend to favor those stocks where > I find a venture capitalist with a large position that I have > already found present in numerous other stocks I like. > > As to how to interpret Yahoo's claim of 200% ownership by > institutionals, I would suggest either disregarding it or writing > Yahoo and pointing out how stupid their figure is. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: The Curry's > To: > Sent: Sunday, May 06, 2001 12:10 PM > Subject: Re: [CANSLIM] Question about 'float' > > > Thank you, Mike, Jans and Tom for your helpful info. I still > can't see > how institutions can own more than 100% of the float. In the > case of EME it > said 200%. How am I to interpret this? Also, how much > institutional > ownership is too much? > > Thanks, Patti > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Sunday, May 06, 2001 3:20 AM > Subject: Re: [CANSLIM] Question about 'float' > > > > My spell checker didn't like the second repetition of "000" and > > truncated the numbers, so reposting the example with > corrections. > > > > Tom Worley > > stkguru@netside.net > > > > > > ----- Original Message ----- > > From: Tom Worley > > To: > > Sent: Sunday, May 06, 2001 4:01 AM > > Subject: Re: [CANSLIM] Question about 'float' > > > > > > Hypothetical Example: > > 10,000,000 issued - this is shares outstanding > > Management owns 5,000,000 shares, thus management ownership > > reported as 50% > > This leaves 5,000,000 in the float > > Funds own 2,500,000 shares, thus funds ownership reported as > 50% > > (meaning 50% of the float) > > This still leaves 2,500,000 shares available for other > > institutional buyers, people like us, venture capitalists, etc. > > > > Tom Worley > > stkguru@netside.net > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 6 May 2001 16:04:46 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Question about 'float' Jay: As I understand the whole float/shares-outstanding issue: Shares outstanding takes in the shares held by insiders/management. Meanwhile float takes in the shares held by funds, banks, and individuals (who are not management). Thus, the funds that hold, hold a percentage of the float (this figure is given in DG-Online). The same goes for banks. The remaining % of the float is held by individuals. What DG-Online gives as the percentage of management that holds the stock, comes from the shares outstanding, not from the float. That's why it seems that more than 100% of the stock is being sold: The funds, banks and individuals who are not management have a % of the Float; the management, though, has a % of Shares Outstanding. For exp: a stock has 100 Million Shares outstanding, and a 75 Million float. DG-Online says funds compose 25% of the float, and banks compose another 25% of the float. That means that together they own 50% of the float (or 37.5 Million shares). Therefore, individuals must own the other 37.5 Million shares of the float (or 50% of the float). Meanwhile, DG-Online says management (I understand this to mean "insiders") owns 25%-this 25% is taken as a percent of the shares outstanding, not the float. Thus, this ='s 25 Million shares. Together funds+ banks+individuals+management own 100% of the shares (or 100 Million Shares). If only the float were considered, then it would look like 125% had been sold. jans In a message dated 5/6/2001 3:36:00 PM Eastern Daylight Time, imjoken@mindspring.com writes: << I also recently saw a stock, on DG's datablock, where the ownership was about 150% when you added up institutions, banks and management. As Tom mentions this is obviously wrong. >> - - - -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: Sun, 6 May 2001 21:18:44 EDT From: SACADS@aol.com Subject: [CANSLIM] Re: AAS- Short interest Anyone know if WON talks or has an opinion on short interest? Though I realize that many issues have "heavy" short interests is there some type of limit I should be looking for. Still trying to find that "perfect" candidate. - - - -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: Sun, 6 May 2001 18:36:14 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] Question about 'float' How about this one - Since funds are slow to report ownership, sometimes many weeks- perhaps at that time they had that many share that have since passed to others. Thus the apparent 150%. Just guessing Kent Norman - --- The Curry's wrote: > Thank you, Mike, Jans and Tom for your helpful info. > I still can't see > how institutions can own more than 100% of the > float. In the case of EME it > said 200%. How am I to interpret this? Also, how > much institutional > ownership is too much? > > Thanks, Patti > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Sunday, May 06, 2001 3:20 AM > Subject: Re: [CANSLIM] Question about 'float' > > > > My spell checker didn't like the second repetition > of "000" and > > truncated the numbers, so reposting the example > with corrections. > > > > Tom Worley > > stkguru@netside.net > > > > > > ----- Original Message ----- > > From: Tom Worley > > To: > > Sent: Sunday, May 06, 2001 4:01 AM > > Subject: Re: [CANSLIM] Question about 'float' > > > > > > Hypothetical Example: > > 10,000,000 issued - this is shares outstanding > > Management owns 5,000,000 shares, thus management > ownership > > reported as 50% > > This leaves 5,000,000 in the float > > Funds own 2,500,000 shares, thus funds ownership > reported as 50% > > (meaning 50% of the float) > > This still leaves 2,500,000 shares available for > other > > institutional buyers, people like us, venture > capitalists, etc. > > > > Tom Worley > > stkguru@netside.net > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 6 May 2001 20:50:51 -0500 From: "Mark Fenner" Subject: [CANSLIM] WON's Open Letter I'm a lurker for a year or so now, so I'm familiar enough with the group to be surprised no one has commented on Billy J's letter on page A9 of IBD's May 7 edition. Is this his official "the bear market's over" column, that he plans to take credit for later? Sure seems like it. I also noticed his Return On Equity (ROE) requirement in Rule 1 has dropped from "20% to 50%" in my edition of 24 Lessons to the 17%+ in Monday's column. Finally, IBD's website now offers both daily and weekly charts for stocks, which is pretty darned nice. Is anyone considering dropping DGO and going strictly with IBD's charts? Mark Fenner - ----- Original Message ----- From: To: Sent: Sunday, May 06, 2001 8:18 PM Subject: [CANSLIM] Re: AAS- Short interest > Anyone know if WON talks or has an opinion on short interest? Though I > realize that many issues have "heavy" short interests is there some type of > limit I should be looking for. > > Still trying to find that "perfect" candidate. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 7 May 2001 01:03:40 -0400 From: "Barry Marx" Subject: [CANSLIM] IBD's 20 Rules scan At the bottom of the page below WON's recent open letter is presented IBD's 20 Rules for Stock Market Success. The first three rules are paraphrased below: 1. Choose stocks with each of the last 3 years' earnings up 25% or more, return on equity of 17%+ and recent earnings and sales accelerating. 2. Recent quarter earnings and sales should be up 25% of more 3. Avoid cheap stocks. Buy stock selling for at least $15 a share. I've attempted to incorporate the above rules into a Quotes Plus scan, and have included the most important lines below to give an indication of how I approached it - ---------------------------------------------------------------------------- - ------------------ I'm posting this to the CANSLIM list rather than the Quotes Plus list, because my question has to do with whether I'm correctly interpreting the above 3 rules. - ---------------------------------------------------------------------------- - ------------------ WARNING: Non-proprammers may want to skip to the bottom of the post if you just want to see the result of the scan, and skip the gory details. - ---------------------------------------------------------------------------- - ------------------ Note: qtreps() is function the returns the EPS for a particular quarter, with 0 as an argument for the most recent quarter, -1 for the next most recent quarter, and so on. The qtrrev() function works the same way for the companies revenue values. // These four variable were set up just to store each of the last four years total earnings yr0eps := qtreps(0) + qtreps(-1) + qtreps(-2) + qtreps(-3); yr1eps := qtreps(-4) + qtreps(-5) + qtreps(-6) + qtreps(-7); yr2eps := qtreps(-8) + qtreps(-9) + qtreps(-10) + qtreps(-11); yr3eps := qtreps(-12) + qtreps(-13) + qtreps(-14) + qtreps(-15); // price at least $15 a share If (close(0) >= 15) then // last 3 years' earnings up 25% or more if (yr0eps >= 1.25*yr1eps) and (yr1eps >= 1.25*yr2eps) and (yr2eps >= 1.25*yr3eps) // recent quarterly earnings and sales up 25% or more and (qtreps(0)/qtreps(-4) >= 1.25) and (qtrrev(0)/qtrrev(-4) >= 1.25) // recent quarterly earnings and sales accelerating and qtreps(0)/qtreps(-4) > qtreps(-1)/qtreps(-5) and qtreps(-1)/qtreps(-5) > qtreps(-2)/qtreps(-6) and qtrrev(0)/qtrrev(-4) > qtrrev(-1)/qtrrev(-5) and qtrrev(-1)/qtrrev(-5) > qtrrev(-2)/qtrrev(-6) // return on equity at least 17% and (roe > 17) then println symbol, ", ", description:-30, ", ",IndustryGroup:8 endif; endif; For the programmers in the group, does the above code seem to match the intent of the first 3 rules listed above? If not, any comments would be appreciated. As written above, the scan returns only ten stock from the QP database. They are: ACF, AMERICREDIT CORP COM , Fin-Consum/Bus Loans ACRT, ACTRADE FINL TECHNOLOGIES LT COM, Fin-Misc Services* BA, BOEING CO COM , Aerospace-Defense CHKP, CHECK POINT SOFTWARE TECH LT ORD, Comp-Security* CPN, CALPINE CORP COM , Energy-Alternatives MND, MITCHELL ENERGY & DEV CORP CL A, Oil/Gas-U S Explo/Prod+ RYL, RYLAND GROUP INC COM , Bldg-Resident/Commrcl+ SKX, SKECHERS U S A INC CL A , Retail-Apparel/Shoe* SPF, STANDARD PAC CORP NEW COM , Bldg-Resident/Commrcl+ TARO, TARO PHARMACEUTICAL INDS LTD ORD PAR IL 100, Health-Drugs Generic* Thanks for your comments, Barry - - - -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: Sun, 6 May 2001 23:05:58 -0700 From: "Perry Stanfield" Subject: Re: [CANSLIM] WON's Open Letter I don't get the weekly charts that are new. They appear to cover more than a week but it is hard to tell. Pretty hard for me to use a weekly chart. what would one do with it? Perry - ----- Original Message ----- From: "Mark Fenner" To: Sent: Sunday, May 06, 2001 6:50 PM Subject: [CANSLIM] WON's Open Letter > I'm a lurker for a year or so now, so I'm familiar enough with the group to > be surprised no one has commented on Billy J's letter on page A9 of IBD's > May 7 edition. Is this his official "the bear market's over" column, that he > plans to take credit for later? Sure seems like it. > > I also noticed his Return On Equity (ROE) requirement in Rule 1 has dropped > from "20% to 50%" in my edition of 24 Lessons to the 17%+ in Monday's > column. > > Finally, IBD's website now offers both daily and weekly charts for stocks, > which is pretty darned nice. Is anyone considering dropping DGO and going > strictly with IBD's charts? > > Mark Fenner > > > ----- Original Message ----- > From: > To: > Sent: Sunday, May 06, 2001 8:18 PM > Subject: [CANSLIM] Re: AAS- Short interest > > > > Anyone know if WON talks or has an opinion on short interest? Though I > > realize that many issues have "heavy" short interests is there some type > of > > limit I should be looking for. > > > > Still trying to find that "perfect" candidate. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Mon, 7 May 2001 07:16:38 -0500 From: "Norman" Subject: [CANSLIM] earningswhispers.com In the past the web site earningswhispers.com has been mentioned in this list. There is an informative article about this site and how it develops the earnings whisper numbers. You can read the article at http://cbs.marketwatch.com/news/story.asp?guid=%7BFD1D0434%2DC74C%2D4A0F%2D8 F0F%2D7D8BEAAAF515%7D&siteid=mktw Norman Boyd theboyd@tisd.net - - - -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: Mon, 7 May 2001 08:22:02 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] IBD's 20 Rules scan I have QP, I can't see anything wrong with it. Personally I think the 3 year requirement is going to screen out too many stocks, but you can write other scans that get stocks with a shorter earnings history (I'm thinking of stuff like JNPR and BRCD during the last leg up in 1999). On 7 May 01, at 1:03, Barry Marx wrote: > At the bottom of the page below WON's recent open letter is presented IBD's > 20 Rules for Stock Market Success. The first three rules are paraphrased > below: > > 1. Choose stocks with each of the last 3 years' earnings up 25% or more, > return on equity of 17%+ and recent earnings and sales accelerating. > 2. Recent quarter earnings and sales should be up 25% of more > 3. Avoid cheap stocks. Buy stock selling for at least $15 a share. > > I've attempted to incorporate the above rules into a Quotes Plus scan, and > have included the most important lines below to give an indication of how I > approached it > > ---------------------------------------------------------------------------- > ------------------ > I'm posting this to the CANSLIM list rather than the Quotes Plus list, > because my question has to do with whether I'm correctly interpreting the > above 3 rules. > ---------------------------------------------------------------------------- > ------------------ > WARNING: Non-proprammers may want to skip to the bottom of the post if you > just want to see the result of the scan, and skip the gory details. > ---------------------------------------------------------------------------- > ------------------ > > Note: qtreps() is function the returns the EPS for a particular quarter, > with 0 as an argument for the most recent quarter, -1 for the next most > recent quarter, and so on. The qtrrev() function works the same way for the > companies revenue values. > > // These four variable were set up just to store each of the last four years > total earnings > yr0eps := qtreps(0) + qtreps(-1) + qtreps(-2) + qtreps(-3); > yr1eps := qtreps(-4) + qtreps(-5) + qtreps(-6) + qtreps(-7); > yr2eps := qtreps(-8) + qtreps(-9) + qtreps(-10) + qtreps(-11); > yr3eps := qtreps(-12) + qtreps(-13) + qtreps(-14) + qtreps(-15); > > // price at least $15 a share > If (close(0) >= 15) then > > // last 3 years' earnings up 25% or more > if (yr0eps >= 1.25*yr1eps) and (yr1eps >= 1.25*yr2eps) and (yr2eps >= > 1.25*yr3eps) > > // recent quarterly earnings and sales up 25% or more > and (qtreps(0)/qtreps(-4) >= 1.25) > and (qtrrev(0)/qtrrev(-4) >= 1.25) > > // recent quarterly earnings and sales accelerating > and qtreps(0)/qtreps(-4) > qtreps(-1)/qtreps(-5) > and qtreps(-1)/qtreps(-5) > qtreps(-2)/qtreps(-6) > and qtrrev(0)/qtrrev(-4) > qtrrev(-1)/qtrrev(-5) > and qtrrev(-1)/qtrrev(-5) > qtrrev(-2)/qtrrev(-6) > > // return on equity at least 17% > and (roe > 17) > then > println symbol, ", ", description:-30, ", ",IndustryGroup:8 > endif; > endif; > > For the programmers in the group, does the above code seem to match the > intent of the first 3 rules listed above? If not, any comments would be > appreciated. > > As written above, the scan returns only ten stock from the QP database. > They are: > > ACF, AMERICREDIT CORP COM , Fin-Consum/Bus Loans > ACRT, ACTRADE FINL TECHNOLOGIES LT COM, Fin-Misc Services* > BA, BOEING CO COM , Aerospace-Defense > CHKP, CHECK POINT SOFTWARE TECH LT ORD, Comp-Security* > CPN, CALPINE CORP COM , Energy-Alternatives > MND, MITCHELL ENERGY & DEV CORP CL A, Oil/Gas-U S Explo/Prod+ > RYL, RYLAND GROUP INC COM , Bldg-Resident/Commrcl+ > SKX, SKECHERS U S A INC CL A , Retail-Apparel/Shoe* > SPF, STANDARD PAC CORP NEW COM , Bldg-Resident/Commrcl+ > TARO, TARO PHARMACEUTICAL INDS LTD ORD PAR IL 100, Health-Drugs Generic* > > > Thanks for your comments, > Barry > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1343 ****************************** 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.