From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1550 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 Friday, July 6 2001 Volume 02 : Number 1550 In this issue: Re: [CANSLIM] DG versus PQ+ and IRL [CANSLIM] Intro Re: [CANSLIM] HGS Investor vs. IBD Re: [CANSLIM] DG versus PQ+ and IRL ---------------------------------------------------------------------- Date: Fri, 6 Jul 2001 17:37:29 -0700 From: "Jay Oken" Subject: Re: [CANSLIM] DG versus PQ+ and IRL This is a multi-part message in MIME format. - ------=_NextPart_000_0365_01C10642.54744A00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, As I understand it, CANSLIM is as follows: C - Current earnings growth A - Annual earnings growth N - New product, new management, new highs S - Supply & demand L - Leader or Laggard I - Institutional sponsorship M - Market To which one of these items has WON developed the only valid data? = Earnings growth? Supply and demand? Market direction? WON states that = CANSLIM works because most great winning stocks have these features. = Where you obtain the data, and how you interpret it, is obviously a = point of discussion.=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 05, 2001 10:37 PM Subject: Re: [CANSLIM] DG versus PQ+ and IRL I disagree, Jay, Gene's premise is valid if you are trying to practice = CANSLIM. If you do not work with valid data, calculated according to the = formula's that WON has developed over the past 4 decades or so, then you = have biased your results from the start, and possibly in an = unpredictable way. You do have a valid point, tho, if you are trying to examine whether = CANSLIM works better than some other system. From that standpoint, you = should use data valid to those other systems you are considering. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Jay Oken=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 05, 2001 9:52 PM Subject: Re: [CANSLIM] DG versus PQ+ and IRL You have stated the flaw in your analysis at the very beginning. You = are assuming that IBD is the benchmark. That is like saying that a Ford = Explorer is better than a Chevy Blazer because the Chevy is not made by = Ford. The real question is SHOULD IBD be considered the benchmark. For = example, did the 12 industry groups that did not show up on QP perform = better or worse than the 12 that were different on IBD. That is the real = question. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 04, 2001 10:37 AM Subject: [CANSLIM] DG versus PQ+ and IRL Eric, 2 items: 1. DGO subscription - call DGO and they will allow you to change = your current subscription to the combo of a paper edition and online = edition for the $535 per year. They'll give you a credit for your = current subscription and/or apply it to your new one. The only 'catch' = is the requirement for a one year combo subscription. I've attached a short analysis of work I did comparing the data = from IRL/QuotesPlus/IBD(DGO). This was done in April. Based on this and = other work done by several friends, we decided you get what you pay for = ....... Gene (Dallas). =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Sent: Thursday, April 12, 2001 4:52 PM Subject: DG versus PQ+ and IRL These are my preliminary findings: QuotesPlus is certainly cheaper and has some nice sorting features = BUT it's not WON data. I did a comparison of industries using DG, = QuotesPlus and IRL data: Assuming that the Top 50 Industries are of importance!!! I also assumed that the IBD was the benchmark! QuotesPlus had 38 of the 50 IBD industries in their Top 50 ranking = ! 76% correlation???? IRL (uses QuotesPlus data with a few wrinkles) had 32 of the 50 = IBD industries in their Top 50 ranking! 64% correlation???? The combo of QuotesPlus and IRL is cheaper than DGO........ but so = what? Guess the only way to enjoy being cheaper is to get an exact = offering from both and then look at the price......... otherwise???? Do you have any data? regards, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 04, 2001 11:49 AM Subject: Re: [CANSLIM] HGS list attached Hi Eric, While I have not kept records, from info posted by members using QP2 data, I believe there has often been large differences in EPS and GRS numbers when compared to DGO. There has also been occasional differences on RS. While I carry the nickname Tex, I live in Miami, FL, so unlikely that I will be able to make it to a meeting. But thanks for the invite, anyhow. Would have been nice to dig into a rare 32 oz porterhouse. I am at the HGS site right now, doing the slide show. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message ----- From: Eric Daviscourt To: Sent: Wednesday, July 04, 2001 11:02 AM Subject: Re: [CANSLIM] HGS list attached Tom, I received DGO before joining this discussion group and paid the full ride. I went to their site yesterday and saw no mention of discounts but have seen the messages in the past regarding how to obtain the discounted rate. The data feed used in the software comes from Quotes Plus and is "end of day". I was not aware that QP2 doesnot supply valid CANSLIM data. I consider valid data very necessary. The San Antonio user group and the people I have encountered at the seminar/workshops are mostly CANSLIMmer's and the topic of invalid CANSLIM data has never been presented to me until now. I have found the data to be reliable, the charting gives me more options than DGO and I can screen the data directly from the software without having to go to excel. If you live close to San Antonio I would like to invite you to one of our user group meetings. We meet the first Thursday of each month. Tomorrow is the next meeting. At the very least, if you have not tried or used the HGS software, I would encourage you to go for the 30 day trial. Visit www.highgrowthstock.com and check it out for yourself. Eric Daviscourt - ------=_NextPart_000_0365_01C10642.54744A00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
As I understand it, CANSLIM is as=20 follows:
 
C - Current earnings = growth
A - Annual earnings growth
N - New product, new management, new=20 highs
S - Supply & demand
L - Leader or Laggard
I - Institutional = sponsorship
M - Market
 
To which one of these items has WON = developed the=20 only valid data? Earnings growth? Supply and demand? Market = direction? WON=20 states that CANSLIM works because most great winning stocks = have these=20 features. Where you obtain the data, and how you interpret it, is = obviously a=20 point of discussion.
 
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Thursday, July 05, 2001 = 10:37=20 PM
Subject: Re: [CANSLIM] DG = versus PQ+ and=20 IRL

I disagree, Jay, Gene's premise is valid if you = are trying=20 to practice CANSLIM. If you do not work with valid data, calculated = according=20 to the formula's that WON has developed over the past 4 decades or so, = then=20 you have biased your results from the start, and possibly in an = unpredictable=20 way.
 
You do have a valid point, tho, if you are trying = to examine=20 whether CANSLIM works better than some other system. From that = standpoint, you=20 should use data valid to those other systems you are = considering.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Jay=20 Oken
Sent: Thursday, July 05, 2001 = 9:52=20 PM
Subject: Re: [CANSLIM] DG = versus PQ+=20 and IRL

You have stated the flaw in your = analysis at=20 the very beginning. You are assuming that IBD is the benchmark. That = is like=20 saying that a Ford Explorer is better than a Chevy Blazer because = the Chevy=20 is not made by Ford. The real question is SHOULD IBD be considered = the=20 benchmark. For example, did the 12 industry groups that did not show = up on=20 QP perform better or worse than the 12 that were different on IBD. = That is=20 the real question.
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 04, = 2001 10:37=20 AM
Subject: [CANSLIM] DG = versus PQ+ and=20 IRL

Eric, 2 items:
 
1. DGO subscription - call DGO = and they=20 will allow you to change your current subscription to the combo of = a paper=20 edition and online edition for the $535 per year. They'll give you = a=20 credit for your current subscription and/or apply it to your new = one. The=20 only 'catch' is the requirement for a one year combo=20 subscription.
 
I've attached a short analysis = of work I=20 did comparing the data from IRL/QuotesPlus/IBD(DGO). This was done = in=20 April.  Based on this and other work done by several friends, = we=20 decided you get what you pay for ....... Gene = (Dallas).
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
Sent: Thursday, April 12, 2001 4:52 PM
Subject: DG versus PQ+ and IRL

These are my preliminary=20 findings:

QuotesPlus is certainly cheaper = and has=20 some nice sorting features BUT = it's not=20 WON data. I did a comparison of industries using DG, QuotesPlus and IRL data:
 
Assuming that the Top 50 = Industries are=20 of importance!!!
 
I also assumed that the IBD was = the=20 benchmark!
 
QuotesPlus had 38 of the 50 IBD = industries=20 in their Top 50 ranking ! 76% correlation????
 
IRL (uses QuotesPlus data with a = few=20 wrinkles) had 32 of the 50 IBD industries in their Top 50 ranking! = 64%=20 correlation????
 
The combo of QuotesPlus and IRL = is cheaper=20 than DGO........ but so what?
 
Guess the only way to enjoy = being cheaper=20 is to get an exact offering from both and then look at the = price.........=20 otherwise????
 
Do you have any = data?
 
regards,
Gene
 
 
----- Original Message -----=20
From: = Tom Worley=20
Sent: Wednesday, July 04, 2001 11:49 AM
Subject: Re: [CANSLIM] HGS list attached

Hi Eric,

While I have not kept records, from = info=20 posted by members using
QP2 data, I believe there has often = been large=20 differences in EPS
and GRS numbers when compared to DGO. There = has also=20 been
occasional differences on RS.

While I carry the = nickname=20 Tex, I live in Miami, FL, so unlikely
that I will be able to = make it to=20 a meeting. But thanks for the
invite, anyhow. Would have been = nice to=20 dig into a rare 32 oz
porterhouse.

I am at the HGS site = right=20 now, doing the slide show.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----
From: Eric = Daviscourt=20 <edaviscourt@hotmail.com>To:=20 <canslim@lists.xmission.com= >
Sent:=20 Wednesday, July 04, 2001 11:02 AM
Subject: Re: [CANSLIM] HGS = list=20 attached


Tom,

I received DGO before joining this = discussion group and paid the
full ride.
I went to their = site=20 yesterday and saw no mention of discounts
but have seen
the = messages=20 in the past regarding how to obtain the = discounted
rate.

The=20 data feed used in the software comes from Quotes Plus and = is
"end=20 of
day".  I was not aware that QP2 doesnot supply valid=20 CANSLIM
data. I
consider valid data very necessary.  = The San=20 Antonio user group
and the
people I have encountered at the=20 seminar/workshops are mostly
CANSLIMmer's
and the topic of = invalid=20 CANSLIM data has never been presented to
me until
now.  = I have=20 found the data to be reliable, the charting gives = me
more
options=20 than DGO and I can screen the data directly from=20 the
software
without having to go to excel.

If you = live close=20 to San Antonio I would like to invite you to
one of our
user = group=20 meetings.  We meet the first Thursday of each = month.
Tomorrow=20 is
the next meeting.

At the very least, if you have not = tried or=20 used the HGS
software, I would
encourage you to go for the = 30 day=20 trial.  Visit
www.highgrowthstock.com=20 and
check it out for yourself.

Eric=20 = Daviscourt
= - ------=_NextPart_000_0365_01C10642.54744A00-- - - - -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: Fri, 6 Jul 2001 22:48:29 EDT From: Jwpowers1@aol.com Subject: [CANSLIM] Intro - --part1_79.172e3a1d.2877d27d_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit TOM: Thank your for taking the time to reply to me regarding changes that O'Neil has gone through over the last 10 years. I appreciate the interchange. I started CANSLIM in 1988 and had some good winners. (LA Gear and ST Jude Medical) were my biggest at that time. However, I just didn't have the time to keep up with it. I used to cut the charts out of the paper, go to the library to do reasearch, ask for a chart from my broker (Waterhouse at the time). I caught few if any breakouts so I mostly bought dips back toward the pivot. I would buy if it got within 8% of the latest "swing low". I also didn't have enough capital to make it worth the time. So I went mostly to mutual funds. However, once or twice a year, I would look for and buy a good stock. Did ok, but again time was a problem. I was out of the country or otherwise unavailable for most of the '99 run, but made good money in agressive growth funds. But sure wish I'd had the time back then! In FEB 00, I started taking profits and paring back, mostly for capital preservation reasons, as I still didn't have the time. Thanks to "Popular Delusions and the Madness of Crowds". It was a big BUBBLE and lasted a lot longer than I thought possible. In April, I decided to become more active and without using DGO, started doing stock scans and finding what I thought were "under valued" growth stocks. Bought BFCI now CHBS. Bought DFXI, OCA, LENS and a number of others. Did ok. In September, I sold almost everything. Started shorting for the first time in my life (except for some oex puts back in the late 80's.) Called the top on JNPR (the October triple top), CSCO, GLW, BEAS, and others. Didn't make nearly as much money as I should have because I took small positions and didn't let my profits run. In September '00, I also went to part time consulting with the rest of the time spent on personal matters and then getting back into stock "trading" (won't call it investing). I also subscribed to a number of newletters last year with the only one that didn't get killed being "Wall Street Winners" by Courtney Smith. I learned a lot from that. The "best 10+ year" newsletter guys rode their stocks almost all the way down. Not me! At least I knew money management. Read all my old books and a few new ones. In January, I went to the Advanced IBD seminar in Miami. Learned a little there. Decided to concentrate on CANSLIM althought the market wasn't really right then. However, went long starting about 1/10 and again 4/8? Made a little money, but a couple of my picks crashed back the same day or the next day. ESA and ALSI (NOW RLRN). Made money on DFXI, CHBS and a few others. Had TARO at $35, but got shaken out and stayed out. Tried to Hold positions, but ended up taking profits on any pullback of 10%-15% from highs. I've been weak on trade review so I am going over all trades for the last 6 months to see how I could have done better. I've also been doing swing trading long and short. I've learned some of the best shorts are CANSLIM breakouts that fail. And in fact, got a shorting system from another trader - - keep a list of all RS=99 and A/D = A. Short when it falls to 98B. I would like to stick strictly with CANSLIM, but fear a multiyear bear could be upon us. As such, I am do systems testing work on buying at other than breakouts. Pullbacks on strong trends, moves back over 50 day or 200 day - only for "CANSLIM" quality stocks with no bad news. Too many "good" CANSLIM stocks are falling way back and then making huge runs back up to breakouts and failing shortly after breakout. All the specialty retailers from Nov/Dec. Now if I could hit enough of those 50% gainers with strict CANSLIM, I would forget the rest. But I'm not there yet. My goal is to beat the S&P by at least 15% a year in which case, I'll just keep doing the part time work. Otherwise, it's back to a day job!! (ggg) thanks again Joe - --part1_79.172e3a1d.2877d27d_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit TOM:

Thank your for taking the time to reply to me regarding changes that O'Neil
has gone through over the last 10 years.  I appreciate the interchange.

I started CANSLIM in 1988 and had some good winners.  (LA Gear and ST Jude
Medical) were my biggest at that time.  However, I just didn't have the time
to keep up with it.  I used to cut the charts out of the paper, go to the
library to do reasearch, ask for a chart from my broker (Waterhouse at the
time).  I caught few if any breakouts so I mostly bought dips back toward the
pivot.  I would buy if it got within 8% of the latest "swing low".  I also
didn't have enough capital to make it worth the time.  So I went mostly to
mutual funds.  However, once or twice a year, I would look for and buy a good
stock.  Did ok, but again time was a problem.  

I was out of the country or otherwise unavailable for most of the '99 run,
but made good money in agressive growth funds.  But sure wish I'd had the
time back then!  In FEB 00, I started taking profits and paring back, mostly
for capital preservation reasons, as I still didn't have the time.  Thanks to
"Popular Delusions and the Madness of Crowds".  It was a big BUBBLE and
lasted a lot longer than I thought possible.

In April, I decided to become more active and without using DGO, started
doing stock scans and finding what I thought were "under valued" growth
stocks.  Bought BFCI now CHBS.  Bought DFXI, OCA, LENS and a number of
others.  Did ok.  In September, I sold almost everything.  Started shorting
for the first time in my life (except for some oex puts back in the late
80's.)  Called the top on JNPR (the October triple top), CSCO, GLW, BEAS, and
others.  Didn't make nearly as much money as I should have because I took
small positions and didn't let my profits run.

In September '00, I also went to part time consulting with the rest of the
time spent on personal matters and then getting back into stock "trading"
(won't call it investing).  I also subscribed to a number of newletters last
year with the only one that didn't get killed being "Wall Street Winners" by
Courtney Smith.  I learned a lot from that.  The "best 10+ year" newsletter
guys rode their stocks almost all the way down.  Not me!  At least I knew
money management. Read all my old books and a few new ones.

In January, I went to the Advanced IBD seminar in Miami.  Learned a little
there.  Decided to concentrate on CANSLIM althought the market wasn't really
right then.  However, went long starting about 1/10 and again 4/8?  Made a
little money, but a couple of my picks crashed back the same day or the next
day.  ESA and ALSI (NOW RLRN).  Made money on DFXI, CHBS and a few others.  
Had TARO at $35, but got shaken out and stayed out.  Tried to Hold positions,
but ended up taking profits on any pullback of 10%-15% from highs.

I've been weak on trade review so I am going over all trades for the last 6
months to see how I could have done better.  I've also been doing swing
trading long and short. I've learned some of the best shorts are CANSLIM
breakouts that fail.  And in fact, got a shorting system from another trader
- keep a list of all RS=99 and A/D = A.  Short when it falls to 98B.

I would like to stick strictly with CANSLIM, but fear a multiyear bear could
be upon us.  As such, I am do systems testing work on buying at other than
breakouts.  Pullbacks on strong trends, moves back over 50 day or 200 day -
only for "CANSLIM" quality stocks with no bad news.  Too many "good" CANSLIM
stocks are falling way back and then making huge runs back up to breakouts
and failing shortly after breakout.  All the specialty retailers from
Nov/Dec.  

Now if I could hit enough of those 50% gainers with strict CANSLIM, I would
forget the rest.  But I'm not there yet.

My goal is to beat the S&P by at least 15% a year in which case, I'll just
keep doing the part time work.  Otherwise, it's back to a day job!! (ggg)

thanks again
Joe - --part1_79.172e3a1d.2877d27d_boundary-- - - - -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: Fri, 6 Jul 2001 22:48:27 EDT From: Jwpowers1@aol.com Subject: Re: [CANSLIM] HGS Investor vs. IBD - --part1_11a.14cf4b1.2877d27b_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Those that are satisfied with DGO should keep using it. End of discussion. I have used DGO and Excel for 6 months. It just takes too much time and it's easy to miss something. So I'm going to try HGSI as my quick review shows that it has far more power that DGO/Excel. The main reason that I wanted to use DGO was to be using the same data as the insititutions. But guess what, these guys don't really buy breakouts. In this market, they buy the 50 day or 200 day and then sell to us when it breaks out. Then they buy back later. I don't have a problem with them doing that, but it's a fact right now. Using Marketguide scanners gives me an almost identical watch list in far less time than trying to scan it in DGO/Excel. DGO does not have a weekly chart which has caused me to miss breakouts when I didn't check the weekly. This is my fault of course, but If I could see the weekly and then the daily easily this wouldn't happen. DGO does not have a sector chart or view so that you can see sectors moving. And today they are moving fast. Some move 25-50 rs points in 2-3 weeks. So for me, it's about "time". Can I find good stocks faster or not. Best to all. Joe - --part1_11a.14cf4b1.2877d27b_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Those that are satisfied with DGO should keep using it.  End of discussion.

I have used DGO and Excel for 6 months.  It just takes too much time and it's
easy to miss something.  So I'm going to try HGSI as my quick review shows
that it has far more power that DGO/Excel.

The main reason that I wanted to use DGO was to be using the same data as the
insititutions.  But guess what, these guys don't really buy breakouts.  In
this market, they buy the 50 day or 200 day and then sell to us when it
breaks out.  Then they buy back later.  I don't have a problem with them
doing that, but it's a fact right now.

Using Marketguide scanners gives me an almost identical watch list in far
less time than trying to scan it in DGO/Excel.  

DGO does not have a weekly chart which has caused me to miss breakouts when I
didn't check the weekly.  This is my fault of course, but If I could see the
weekly and then the daily easily this wouldn't happen.

DGO does not have a sector chart or view so that you can see sectors moving.  
And today they are moving fast.  Some move 25-50 rs points in 2-3 weeks.

So for me, it's about "time".  Can I find good stocks faster or not.

Best to all.

Joe
- --part1_11a.14cf4b1.2877d27b_boundary-- - - - -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: Fri, 6 Jul 2001 23:12:47 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DG versus PQ+ and IRL This is a multi-part message in MIME format. - ------=_NextPart_000_0010_01C10671.2C3DC000 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jay, over the years, a lot of people have tried to imitate, or back = engineer, the proprietary formulas that WON developed over the past 4+ = decades. Yes, CANSLIM is the seven letters you mention. But it is far = more than that, it is the numerical or letter ratings of those letters. = And that comes from formulas developed by Wm O'Neil. If you think that = RS is the same anywhere, or every site has the same ADV, or GRS, or EPS, = then you have a lot to learn. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Jay Oken=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 06, 2001 8:37 PM Subject: Re: [CANSLIM] DG versus PQ+ and IRL Tom, =20 As I understand it, CANSLIM is as follows: =20 C - Current earnings growth A - Annual earnings growth N - New product, new management, new highs S - Supply & demand L - Leader or Laggard I - Institutional sponsorship M - Market =20 To which one of these items has WON developed the only valid data? = Earnings growth? Supply and demand? Market direction? WON states that = CANSLIM works because most great winning stocks have these features. = Where you obtain the data, and how you interpret it, is obviously a = point of discussion.=20 =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 05, 2001 10:37 PM Subject: Re: [CANSLIM] DG versus PQ+ and IRL I disagree, Jay, Gene's premise is valid if you are trying to = practice CANSLIM. If you do not work with valid data, calculated = according to the formula's that WON has developed over the past 4 = decades or so, then you have biased your results from the start, and = possibly in an unpredictable way. =20 You do have a valid point, tho, if you are trying to examine whether = CANSLIM works better than some other system. From that standpoint, you = should use data valid to those other systems you are considering. =20 Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Jay Oken=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 05, 2001 9:52 PM Subject: Re: [CANSLIM] DG versus PQ+ and IRL You have stated the flaw in your analysis at the very beginning. = You are assuming that IBD is the benchmark. That is like saying that a = Ford Explorer is better than a Chevy Blazer because the Chevy is not = made by Ford. The real question is SHOULD IBD be considered the = benchmark. For example, did the 12 industry groups that did not show up = on QP perform better or worse than the 12 that were different on IBD. = That is the real question. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 04, 2001 10:37 AM Subject: [CANSLIM] DG versus PQ+ and IRL Eric, 2 items: =20 1. DGO subscription - call DGO and they will allow you to change = your current subscription to the combo of a paper edition and online = edition for the $535 per year. They'll give you a credit for your = current subscription and/or apply it to your new one. The only 'catch' = is the requirement for a one year combo subscription. =20 I've attached a short analysis of work I did comparing the data = from IRL/QuotesPlus/IBD(DGO). This was done in April. Based on this and = other work done by several friends, we decided you get what you pay for = ....... Gene (Dallas). =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D Sent: Thursday, April 12, 2001 4:52 PM Subject: DG versus PQ+ and IRL These are my preliminary findings: QuotesPlus is certainly cheaper and has some nice sorting = features BUT it's not WON data. I did a comparison of industries using = DG, QuotesPlus and IRL data: =20 Assuming that the Top 50 Industries are of importance!!! =20 I also assumed that the IBD was the benchmark! =20 QuotesPlus had 38 of the 50 IBD industries in their Top 50 = ranking ! 76% correlation???? =20 IRL (uses QuotesPlus data with a few wrinkles) had 32 of the 50 = IBD industries in their Top 50 ranking! 64% correlation???? =20 The combo of QuotesPlus and IRL is cheaper than DGO........ but = so what? =20 Guess the only way to enjoy being cheaper is to get an exact = offering from both and then look at the price......... otherwise???? =20 Do you have any data? =20 regards, Gene =20 =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 04, 2001 11:49 AM Subject: Re: [CANSLIM] HGS list attached Hi Eric, While I have not kept records, from info posted by members using QP2 data, I believe there has often been large differences in = EPS and GRS numbers when compared to DGO. There has also been occasional differences on RS. While I carry the nickname Tex, I live in Miami, FL, so unlikely that I will be able to make it to a meeting. But thanks for the invite, anyhow. Would have been nice to dig into a rare 32 oz porterhouse. I am at the HGS site right now, doing the slide show. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message ----- From: Eric Daviscourt To: Sent: Wednesday, July 04, 2001 11:02 AM Subject: Re: [CANSLIM] HGS list attached Tom, I received DGO before joining this discussion group and paid the full ride. I went to their site yesterday and saw no mention of discounts but have seen the messages in the past regarding how to obtain the discounted rate. The data feed used in the software comes from Quotes Plus and is "end of day". I was not aware that QP2 doesnot supply valid CANSLIM data. I consider valid data very necessary. The San Antonio user group and the people I have encountered at the seminar/workshops are mostly CANSLIMmer's and the topic of invalid CANSLIM data has never been presented = to me until now. I have found the data to be reliable, the charting gives = me more options than DGO and I can screen the data directly from the software without having to go to excel. If you live close to San Antonio I would like to invite you to one of our user group meetings. We meet the first Thursday of each month. Tomorrow is the next meeting. At the very least, if you have not tried or used the HGS software, I would encourage you to go for the 30 day trial. Visit www.highgrowthstock.com and check it out for yourself. Eric Daviscourt - ------=_NextPart_000_0010_01C10671.2C3DC000 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jay, over the years, a lot of people have tried to = imitate, or=20 back engineer, the proprietary formulas that WON developed over the past = 4+=20 decades. Yes, CANSLIM is the seven letters you mention. But it is far = more than=20 that, it is the numerical or letter ratings of those letters. And that = comes=20 from formulas developed by Wm O'Neil. If you think that RS is the same = anywhere,=20 or every site has the same ADV, or GRS, or EPS, then you have a lot to=20 learn.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Jay=20 Oken
To: canslim@lists.xmission.com =
Sent: Friday, July 06, 2001 = 8:37 PM
Subject: Re: [CANSLIM] DG = versus PQ+ and=20 IRL

Tom,
 
As I understand it, CANSLIM is as=20 follows:
 
C - Current earnings = growth
A - Annual earnings = growth
N - New product, new management, new=20 highs
S - Supply & demand
L - Leader or Laggard
I - Institutional = sponsorship
M - Market
 
To which one of these items has WON = developed the=20 only valid data? Earnings growth? Supply and demand? Market=20 direction? WON states that CANSLIM works because most = great=20 winning stocks have these features. Where you obtain the data, and how = you=20 interpret it, is obviously a point of discussion.
 
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com =
Sent: Thursday, July 05, 2001 = 10:37=20 PM
Subject: Re: [CANSLIM] DG = versus PQ+=20 and IRL

I disagree, Jay, Gene's premise is valid if you = are trying=20 to practice CANSLIM. If you do not work with valid data, calculated=20 according to the formula's that WON has developed over the past 4 = decades or=20 so, then you have biased your results from the start, and possibly = in an=20 unpredictable way.
 
You do have a valid point, tho, if you are = trying to=20 examine whether CANSLIM works better than some other system. From = that=20 standpoint, you should use data valid to those other systems you are = considering.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Jay=20 Oken
To: canslim@lists.xmission.com =
Sent: Thursday, July 05, = 2001 9:52=20 PM
Subject: Re: [CANSLIM] DG = versus PQ+=20 and IRL

You have stated the flaw in your = analysis at=20 the very beginning. You are assuming that IBD is the benchmark. = That is=20 like saying that a Ford Explorer is better than a Chevy Blazer = because the=20 Chevy is not made by Ford. The real question is SHOULD IBD be = considered=20 the benchmark. For example, did the 12 industry groups that did = not show=20 up on QP perform better or worse than the 12 that were different = on IBD.=20 That is the real question.
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com
Sent: Wednesday, July 04, = 2001=20 10:37 AM
Subject: [CANSLIM] DG = versus PQ+=20 and IRL

Eric, 2 items:
 
1. DGO subscription - call DGO = and they=20 will allow you to change your current subscription to the combo = of a=20 paper edition and online edition for the $535 per year. They'll = give you=20 a credit for your current subscription and/or apply it to your = new one.=20 The only 'catch' is the requirement for a one year combo=20 subscription.
 
I've attached a short analysis = of work I=20 did comparing the data from IRL/QuotesPlus/IBD(DGO). This was = done in=20 April.  Based on this and other work done by several = friends, we=20 decided you get what you pay for ....... Gene = (Dallas).
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
Sent: Thursday, April 12, 2001 4:52 PM
Subject: DG versus PQ+ and IRL

These are my preliminary=20 findings:

QuotesPlus is certainly = cheaper and has=20 some nice sorting features BUT it's=20 not WON data. I did a comparison of industries using = DG, QuotesPlus and IRL data:
 
Assuming that the Top 50 = Industries=20 are of importance!!!
 
I also assumed that the IBD = was the=20 benchmark!
 
QuotesPlus had 38 of the 50 = IBD=20 industries in their Top 50 ranking ! 76% = correlation????
 
IRL (uses QuotesPlus data with = a few=20 wrinkles) had 32 of the 50 IBD industries in their Top 50 = ranking! 64%=20 correlation????
 
The combo of QuotesPlus and = IRL is=20 cheaper than DGO........ but so what?
 
Guess the only way to enjoy = being=20 cheaper is to get an exact offering from both and then look at = the=20 price......... otherwise????
 
Do you have any = data?
 
regards,
Gene
 
 
----- Original Message -----=20
From: Tom=20 Worley
Sent: Wednesday, July 04, 2001 11:49 AM
Subject: Re: [CANSLIM] HGS list attached

Hi Eric,

While I have not kept records, = from info=20 posted by members using
QP2 data, I believe there has often = been=20 large differences in EPS
and GRS numbers when compared to = DGO. There=20 has also been
occasional differences on RS.

While I = carry the=20 nickname Tex, I live in Miami, FL, so unlikely
that I will be = able to=20 make it to a meeting. But thanks for the
invite, anyhow. = Would have=20 been nice to dig into a rare 32 oz
porterhouse.

I am = at the=20 HGS site right now, doing the slide show.

Tom = Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----
From: Eric = Daviscourt=20 <edaviscourt@hotmail.com>To:=20 <canslim@lists.xmission.com= >
Sent:=20 Wednesday, July 04, 2001 11:02 AM
Subject: Re: [CANSLIM] HGS = list=20 attached


Tom,

I received DGO before joining = this=20 discussion group and paid the
full ride.
I went to their = site=20 yesterday and saw no mention of discounts
but have = seen
the=20 messages in the past regarding how to obtain the=20 discounted
rate.

The data feed used in the software = comes from=20 Quotes Plus and is
"end of
day".  I was not aware = that QP2=20 doesnot supply valid CANSLIM
data. I
consider valid data = very=20 necessary.  The San Antonio user group
and the
people = I have=20 encountered at the seminar/workshops are = mostly
CANSLIMmer's
and=20 the topic of invalid CANSLIM data has never been presented = to
me=20 until
now.  I have found the data to be reliable, the = charting=20 gives me
more
options than DGO and I can screen the data = directly=20 from the
software
without having to go to excel.

If = you=20 live close to San Antonio I would like to invite you to
one = of=20 our
user group meetings.  We meet the first Thursday of = each=20 month.
Tomorrow is
the next meeting.

At the very = least, if=20 you have not tried or used the HGS
software, I = would
encourage you=20 to go for the 30 day trial.  Visit
www.highgrowthstock.com=20 and
check it out for yourself.

Eric=20 = Daviscourt
- ------=_NextPart_000_0010_01C10671.2C3DC000-- - - - -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 #1550 ****************************** 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.