From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2553 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, July 1 2002 Volume 02 : Number 2553 In this issue: RE: [CANSLIM] Earnings Confidence Re: [CANSLIM] Earnings Confidence Re: [CANSLIM] Volume [CANSLIM] Change Re: [CANSLIM] Earnings Confidence RE: [CANSLIM] Earnings Confidence RE: [CANSLIM] Earnings Confidence ---------------------------------------------------------------------- Date: Mon, 1 Jul 2002 15:35:35 -0600 From: "David Taggart" Subject: RE: [CANSLIM] Earnings Confidence My basic interpretation of GARP is the P/E should be 70% or less of the 3 year growth rate. Mark Boucher teaches some great stuff on this over at Tradingmarkets and in his book Hedge Fund Edge. HTMMIS and Hedge Fund Edge are easily in my top 5 trading books that I have read and I have read a ton. Happy Trading, David Taggart - --Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hill, Ernie Sent: Monday, July 01, 2002 2:59 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Earnings Confidence Congratulations! David you won I received your post about one second before Gene's. Sorry Gene, aren't you losing another contest too? I really hate to mention that one because I was pulling for you, but I am feeling a bit mischievous right now. E -----Original Message----- From: David Taggart [mailto:dctag@mavericktrading.com] Sent: Monday, July 01, 2002 3:43 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Earnings Confidence GARP Growth At a Reasonable Price - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Monday, July 01, 2002 2:41 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Earnings Confidence David, Excuse my ignorance, but what's GARP? Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart Sent: Monday, July 01, 2002 10:18 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Earnings Confidence I have found for about a year and a half that CANLSIM/GARP is a safe and reliable way to trade. It really cuts down on the risk yet you still get to catch a lot of the good moves such as homebuilders and REIT's. Granted it is not strict CANSLIM but you can still use a lot of the concepts WON teaches. I always thought David Ryans interview in Market Wizards made sense that after screening for eveything else go for the lowest P/E. I also wish that WON would teach more on the short side. The best gains I have had have been on the short side the past year and a half. CANSLIM criteria are discriminating enought that if you apply most of them in reverse and then throw in a ton of debt you end up with some good shorts. Oh well enough of my soapbox. David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion Sent: Monday, July 01, 2002 1:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Earnings Confidence Good post, Jans. I went to my back issues and dug out the Investor's Corner you refer to. It's the June 25th issue. I'm going to follow your lead and get more familiar with the SEC filings. In general, I've gotten more conservative, probably like most. I'm paying more attention to the P/E than I ever have in the past, preferring <20. I guess that makes me a "value" CANSLIM investor. I'm also weighting the cash flow more than I have in the past to try to establish a correlation with earnings, i.e., 20% higher than last year's EPS. -Harvey Spencer48@aol.com wrote: > Katherine: > > In a way the accounting frauds and scandals that have popped up have > been useful to me-in this way: I had never relied on SEC info before; all my > fundamental info had been gleaned from DGO. However, with earnings and even > cash-flow now being suspect-I go to the SEC page when analyzing a company's > stock that I wish to buy, to see what the company is doing and how it is > doing it. (About a week ago, IBD in Investors Corner printed a column on the > different types of statements that companies are required to file with the > SEC-so I believe that IBD believes this sort of fundamental info is important > to apprise oneself of when analyzing a stock). > > I suppose I use the "events" in a negative way to strengthen my buying > strategy, ie. if what I see on SEC seems different than what DGO prints as to > the company's earnings or even what the chart is saying, I drop that stock > from my watch-list. > > As far as selling (an exit strategy), I wouldn't buy a company in the > first place unless I felt comfortable with it. So for the exit strategy, I > generally will rely on WON's dictums regarding when to sell. > > jans > > In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time, > kmalm@earthlink.net writes: > > << I see the recent discussions of Anderson, WCOM, earnings confidence, etc. > to be of great importance in CANSLIM investing, less as a matter of "current > events" than in the sense that it impacts much of the core investing concepts > in CANSLIM. > > I'm interested in finding out if and how this change in perception of > earnings measurement will or has had any affect on your CANSLIM mining, > entry, and/or exit strategies. If it has not yet had an effect, do you > believe that it should? In other words, how will you modify your approach > based on these events? How do you use these events to strengthen your > strategies? >> > > - > -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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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, 1 Jul 2002 14:54:00 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] Earnings Confidence Hmmm... so far most of the responses to this have been to define GARP. This is all on paper, because I haven't bought an individual stock in close to a year. But, my first modification was to check to see who the auditor was; if it was Andersen, I eliminated from consideration. Since the Andersen defections are now legion, the step is largely unnecessary. As a filtering step, I've generally avoided companies with large debt (such as WCOM), so that wouldn't have affected me. Although I've learned the sector follows suit sometimes (guilt by association). In addition, I'd be taking a closer look at cash flow (which I always felt to be as important as EPS), but that's gotten trashed too.... Grrr... Not sure, Katherine. Gotta figure this one out. But, the way the market is going, there's time to do it. - --- Katherine Malm wrote: > Hi All, > > I see the recent discussions of Anderson, WCOM, earnings > confidence, etc. to be of great importance in CANSLIM investing, > less as a matter of "current events" than in the sense that it > impacts much of the core investing concepts in CANSLIM. > > I'm interested in finding out if and how this change in perception > of earnings measurement will or has had any affect on your CANSLIM > mining, entry, and/or exit strategies. If it has not yet had an > effect, do you believe that it should? In other words, how will you > modify your approach based on these events? How do you use these > events to strengthen your strategies? > > Katherine > ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.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: Mon, 1 Jul 2002 16:20:19 -0600 From: "rolf hertenstein" Subject: Re: [CANSLIM] Volume This is a multi-part message in MIME format. - ------=_NextPart_000_010F_01C2211B.314F2820 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable A quick look at YAHOO shows the NASD did almost 3.0 B shares, while the=20 nasdaq.com site shows 2.3 B. I've seen differences before. Anyone have = insight? I'm guessing the two sites count differently, e.g., YAHOO includes some = smaller guys that the nasdaq site does not. Rolf Take away Worldcom and the nasdaq volume today was just .8 B shares? = Isnt that low for a 4% drubbing? Same with the NYSE - Volume was 1.4B = for a loss of 139 points. =20 Just as we had runaway topping structures forming Jan - Mar 2000 can = we be seeing the exact opposite happening? Now if we get a "reverse = churn" - high volume - no action - would that be considered +ve? =20 Signed, Yours sadly, The Eternal Optimist. =20 - ------=_NextPart_000_010F_01C2211B.314F2820 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
A quick look at YAHOO shows the NASD = did almost 3.0=20 B shares, while the
nasdaq.com site shows 2.3 B.  I've = seen=20 differences before.  Anyone have insight?
I'm guessing the two sites count = differently, e.g.,=20 YAHOO includes some smaller
guys that the nasdaq site does = not.
 
 Rolf
Take away Worldcom and the nasdaq volume = today was=20 just .8 B shares?   Isnt that low for a 4% drubbing?  = Same with=20 the NYSE - Volume was 1.4B for a loss of 139 points. =20
Just as we had=20 runaway topping structures forming Jan - Mar 2000 can we be seeing the = exact=20 opposite happening?  Now if we get a "reverse churn" - high = volume - no=20 action - would that be considered +ve? 
 
Signed,
 
Yours=20 sadly,
The = Eternal=20 Optimist. 
- ------=_NextPart_000_010F_01C2211B.314F2820-- - - - -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, 01 Jul 2002 18:24:49 -0500 From: Gene Ricci Subject: [CANSLIM] Change This is a multi-part message in MIME format. - ------=_NextPart_000_01D2_01C2212C.95F51620 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable How's this for a positive attitude? To My V V Friends A recovering economy and financial markets are sound, and=20 intermittently obvious, parts of our lives. Coincidently, we are=20 experiencing a time of seemingly daily deliveries of appalling=20 truths. Please accept my congratulations for keeping your focus on=20 the future VALUE OF STOCKS During this time the value of stocks are heading higher. So, the=20 time is close when we will be capable of buying stock with more=20 assurance that it is worth more than we paid for it. That is the=20 name of the game in equity investing. The current game is well=20 formed for the future; is proven in the past, and should proceed with=20 gratifying potential. =20 TROUBLE ON THE HOME FRONT Although we can blame the realities of Terrorism on far away others,=20 we also need to look at ourselves and our home grown realities like=20 Enron; Arthur Andersen, The Catholic Church, Corporate Governance,=20 Wall Street, FBI, CIA, etc. All this is at least a decade's worth of=20 nastiness, but so many particulars have been presented to us in only=20 nine short months. Right on the heels of these disclosures justice=20 rides in to take action. No wonder the markets are volatile. While=20 the news of discovery and resolution are stirring, our economy is=20 recovering, and our World Wide position is at a peak of strength. I=20 am amazed and thankful for this nation's strength. =20 For the past decade or so, it was cool to stretch legal and moral=20 barriers as much as one could without being caught and sent to the=20 penalty box. There is a new way to be cool. The new-found way isn't=20 new at all. It involves integrity, honesty, and forgiveness to=20 mention a few virtues that are seeing the dust being blown off them=20 as they return to the main stream of guiding values. =20 We have new government and corporate leadership and that means=20 changes in policies and so on. Reality changes. Rumors of=20 undesirable issues give way to public disclosure. The media steps in=20 and megaphones the story to dimensions that seem planet ending. High=20 profile perpetrators are in deep stuff and process their way to=20 justice. The transition to higher standards with intrinsic values is=20 the change that we are experiencing. Justice, family, truth, and=20 fundamental ideals are returning, and it is cool for influential=20 people to lead with honorable standards. New Times This improvement is past due and worth it. The world will still=20 include jerks, but they will receive less patience, because behavior=20 without integrity is no longer cool. =20 The financial markets are sensing a new quality. I think that we=20 have experienced the extremes of a fear that will be replaced by=20 positive energy and a sense of wanting to make up for lost time. The=20 financial markets will like that a lot. The biggest contribution you are presently making to your investment=20 program is an outlay of patience while our country expunges the old=20 and embraces the new values for behavior and accountability. The=20 market is responding and its anticipated progress can contribute to=20 the improvement in standards. Why? Because financial markets can be=20 even more successful when they are more trusted. We are part of an=20 historical change for the better. In the future we will view this=20 time from a hale and hearty, more wholesome and satisfying posture,=20 and say "I am so glad that is over. Let's not go there again."=20 Regards, Daniel H. Burr Vice President-Financial Consultant - ------=_NextPart_000_01D2_01C2212C.95F51620 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
How's this for a positive = attitude?
 
 
 
To My V V Friends

A recovering = economy and=20 financial markets are sound, and
intermittently obvious, parts of = our lives.=20 Coincidently, we are
experiencing a time of seemingly daily = deliveries of=20 appalling
truths.  Please accept my congratulations for keeping = your=20 focus on
the future

VALUE OF STOCKS
During this time the = value of=20 stocks are heading higher.  So, the
time is close when we will = be=20 capable of buying stock with more
assurance that it is worth more = than we=20 paid for it.  That is the
name of the game in equity = investing. =20 The current game is well
formed for the future; is proven in the = past, and=20 should proceed with
gratifying potential. 

TROUBLE ON = THE HOME=20 FRONT
Although we can blame the realities of Terrorism on far away = others,=20
we also need to look at ourselves and our home grown  realities = like=20
Enron; Arthur Andersen, The Catholic Church, Corporate Governance, =
Wall=20 Street, FBI, CIA, etc. All this is at least a decade's worth of =
nastiness,=20 but so many particulars have been presented to us in only
nine short = months.  Right on the heels of these disclosures justice
rides = in to=20 take action.   No wonder the markets are volatile. While =
the news=20 of discovery and resolution are stirring, our economy is
recovering, = and our=20 World Wide position is at a peak of strength. I
am amazed and = thankful for=20 this nation's strength.  

For the past decade or so, = it was=20 cool to stretch legal and moral
barriers as much as one could = without being=20 caught and sent to the
penalty box.  There is a new way to be = cool. The=20 new-found way isn't
new at all. It involves integrity, honesty, and=20 forgiveness to
mention a few virtues that are seeing the dust being = blown=20 off them
as they return to the main stream of guiding = values.
 =20
We have new government and corporate leadership and that means =
changes=20 in policies and so on. Reality changes.  Rumors of
undesirable = issues=20 give way to public disclosure.  The media steps in
and = megaphones the=20 story to dimensions that seem planet ending. High
profile = perpetrators are=20 in deep stuff and process their way to
justice.  The transition = to=20 higher standards with intrinsic values is
the change that we are=20 experiencing. Justice, family, truth, and
fundamental ideals are = returning,=20 and it is cool for influential
people to lead with honorable=20 standards.

New Times
This improvement is past due and worth = it. =20 The world will still
include jerks, but they will receive less = patience,=20 because behavior
without integrity is no longer cool.  =

The=20 financial markets are sensing a new quality.  I think that we =
have=20 experienced the extremes of a fear that will be replaced by
positive = energy=20 and a sense of wanting to make up for lost time. The
financial = markets will=20 like that a lot.

The biggest contribution you are presently = making to=20 your investment
program is an outlay of patience while our country = expunges=20 the old
and embraces the new values for behavior and = accountability. =20 The
market is responding and its anticipated progress can contribute = to=20
the improvement in standards. Why? Because financial markets can be =
even=20 more successful when they are more trusted.   We are part of = an=20
historical change for the better. In the future we will view this =
time=20 from a hale and hearty, more wholesome and satisfying posture,
and = say "I am=20 so glad that is over. Let's not go there again."=20


Regards,

Daniel H. Burr
Vice President-Financial=20 Consultant


- ------=_NextPart_000_01D2_01C2212C.95F51620-- - - - -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, 1 Jul 2002 19:25:20 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Earnings Confidence David, At the risk of going off-topic again, what would you say are the other three books in your top five trading books list? PS- Not fair to mention Market Wizards or Darvas's book as they're on everyone's list.... PPS- This is not completely off topic as MW has interviews with WON and Ryan, while Darvas's system bears some similarities to CANSLIM. - ----- Original Message ----- From: "David Taggart" To: Sent: Monday, July 01, 2002 5:35 PM Subject: RE: [CANSLIM] Earnings Confidence > My basic interpretation of GARP is the P/E should be 70% or less of the 3 > year growth rate. Mark Boucher teaches some great stuff on this over at > Tradingmarkets and in his book Hedge Fund Edge. HTMMIS and Hedge Fund Edge > are easily in my top 5 trading books that I have read and I have read a ton. > > Happy Trading, > David Taggart > > > > > --Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hill, Ernie > Sent: Monday, July 01, 2002 2:59 PM > To: 'canslim@lists.xmission.com' > Subject: RE: [CANSLIM] Earnings Confidence > > > Congratulations! David you won I received your post about one second before > Gene's. > > Sorry Gene, aren't you losing another contest too? I really hate to mention > that one because I was pulling for you, but I am feeling a bit mischievous > right now. > > E > > -----Original Message----- > From: David Taggart [mailto:dctag@mavericktrading.com] > Sent: Monday, July 01, 2002 3:43 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > GARP Growth At a Reasonable Price > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons > Sent: Monday, July 01, 2002 2:41 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > David, > > Excuse my ignorance, but what's GARP? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart > Sent: Monday, July 01, 2002 10:18 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > I have found for about a year and a half that CANLSIM/GARP is a safe and > reliable way to trade. It really cuts down on the risk yet you still get to > catch a lot of the good moves such as homebuilders and REIT's. Granted it > is not strict CANSLIM but you can still use a lot of the concepts WON > teaches. I always thought David Ryans interview in Market Wizards made > sense that after screening for eveything else go for the lowest P/E. I also > wish that WON would teach more on the short side. The best gains I have had > have been on the short side the past year and a half. CANSLIM criteria are > discriminating enought that if you apply most of them in reverse and then > throw in a ton of debt you end up with some good shorts. Oh well enough of > my soapbox. > > > David Taggart > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion > Sent: Monday, July 01, 2002 1:57 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Earnings Confidence > > > Good post, Jans. I went to my back issues and dug out the Investor's Corner > you > refer to. It's the June 25th issue. I'm going to follow your lead and get > more > familiar with the SEC filings. > > In general, I've gotten more conservative, probably like most. I'm paying > more > attention to the P/E than I ever have in the past, preferring <20. I guess > that > makes me a "value" CANSLIM investor. I'm also weighting the cash flow more > than > I have in the past to try to establish a correlation with earnings, i.e., > 20% > higher than last year's EPS. -Harvey > > Spencer48@aol.com wrote: > > > Katherine: > > > > In a way the accounting frauds and scandals that have popped up have > > been useful to me-in this way: I had never relied on SEC info before; all > my > > fundamental info had been gleaned from DGO. However, with earnings and > even > > cash-flow now being suspect-I go to the SEC page when analyzing a > company's > > stock that I wish to buy, to see what the company is doing and how it is > > doing it. (About a week ago, IBD in Investors Corner printed a column on > the > > different types of statements that companies are required to file with > the > > SEC-so I believe that IBD believes this sort of fundamental info is > important > > to apprise oneself of when analyzing a stock). > > > > I suppose I use the "events" in a negative way to strengthen my > buying > > strategy, ie. if what I see on SEC seems different than what DGO prints as > to > > the company's earnings or even what the chart is saying, I drop that stock > > from my watch-list. > > > > As far as selling (an exit strategy), I wouldn't buy a company in > the > > first place unless I felt comfortable with it. So for the exit strategy, > I > > generally will rely on WON's dictums regarding when to sell. > > > > jans > > > > In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time, > > kmalm@earthlink.net writes: > > > > << I see the recent discussions of Anderson, WCOM, earnings confidence, > etc. > > to be of great importance in CANSLIM investing, less as a matter of > "current > > events" than in the sense that it impacts much of the core investing > concepts > > in CANSLIM. > > > > I'm interested in finding out if and how this change in perception of > > earnings measurement will or has had any affect on your CANSLIM mining, > > entry, and/or exit strategies. If it has not yet had an effect, do you > > believe that it should? In other words, how will you modify your approach > > based on these events? How do you use these events to strengthen your > > strategies? >> > > > > - > > -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. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > ****************************************************************** > This email and any files transmitted with it from the ElPaso > Corporation are confidential and intended solely for the > use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the > sender. > ****************************************************************** > > - > -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, 1 Jul 2002 17:47:44 -0600 From: "David Taggart" Subject: RE: [CANSLIM] Earnings Confidence Well I would have to put in Reminisces of a Stock Operator, Winning on Wall Street Zweig, Small-Cap dynamics Pradhuman, How to Trade in Stocks Livermore, Fooled by Randomness Taleb, Education of a Speculator Niederhoffer, Alchemy of Finance (the second and third time I had to re read it because I didnt reall get it) Soros, Technical Analysis from the Schwager on Futures series and Tech analysis of the Financial Markets by Murphy kinda tie for my favorite Tech analysis books, A Zebra in Lion Country Wagner. BTW I would include the market wizard books and Darvas. There are a lot of good books on the market and unfortunately a lot of useless info along with some plain old crap. I might do some book reports here when I can get to it. Happy Trading, David Taggart P.S. If you ever see a book that you deem expensive but your local Borders doesnt have it go ahead and do a special order at the bookstore. It is a little known fact that you get to browse and examine the book before you decide if you even want it. If you dont want it it doesnt cost you a cent and they keep it. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Monday, July 01, 2002 5:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Earnings Confidence David, At the risk of going off-topic again, what would you say are the other three books in your top five trading books list? PS- Not fair to mention Market Wizards or Darvas's book as they're on everyone's list.... PPS- This is not completely off topic as MW has interviews with WON and Ryan, while Darvas's system bears some similarities to CANSLIM. - ----- Original Message ----- From: "David Taggart" To: Sent: Monday, July 01, 2002 5:35 PM Subject: RE: [CANSLIM] Earnings Confidence > My basic interpretation of GARP is the P/E should be 70% or less of the 3 > year growth rate. Mark Boucher teaches some great stuff on this over at > Tradingmarkets and in his book Hedge Fund Edge. HTMMIS and Hedge Fund Edge > are easily in my top 5 trading books that I have read and I have read a ton. > > Happy Trading, > David Taggart > > > > > --Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hill, Ernie > Sent: Monday, July 01, 2002 2:59 PM > To: 'canslim@lists.xmission.com' > Subject: RE: [CANSLIM] Earnings Confidence > > > Congratulations! David you won I received your post about one second before > Gene's. > > Sorry Gene, aren't you losing another contest too? I really hate to mention > that one because I was pulling for you, but I am feeling a bit mischievous > right now. > > E > > -----Original Message----- > From: David Taggart [mailto:dctag@mavericktrading.com] > Sent: Monday, July 01, 2002 3:43 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > GARP Growth At a Reasonable Price > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons > Sent: Monday, July 01, 2002 2:41 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > David, > > Excuse my ignorance, but what's GARP? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart > Sent: Monday, July 01, 2002 10:18 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > I have found for about a year and a half that CANLSIM/GARP is a safe and > reliable way to trade. It really cuts down on the risk yet you still get to > catch a lot of the good moves such as homebuilders and REIT's. Granted it > is not strict CANSLIM but you can still use a lot of the concepts WON > teaches. I always thought David Ryans interview in Market Wizards made > sense that after screening for eveything else go for the lowest P/E. I also > wish that WON would teach more on the short side. The best gains I have had > have been on the short side the past year and a half. CANSLIM criteria are > discriminating enought that if you apply most of them in reverse and then > throw in a ton of debt you end up with some good shorts. Oh well enough of > my soapbox. > > > David Taggart > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion > Sent: Monday, July 01, 2002 1:57 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Earnings Confidence > > > Good post, Jans. I went to my back issues and dug out the Investor's Corner > you > refer to. It's the June 25th issue. I'm going to follow your lead and get > more > familiar with the SEC filings. > > In general, I've gotten more conservative, probably like most. I'm paying > more > attention to the P/E than I ever have in the past, preferring <20. I guess > that > makes me a "value" CANSLIM investor. I'm also weighting the cash flow more > than > I have in the past to try to establish a correlation with earnings, i.e., > 20% > higher than last year's EPS. -Harvey > > Spencer48@aol.com wrote: > > > Katherine: > > > > In a way the accounting frauds and scandals that have popped up have > > been useful to me-in this way: I had never relied on SEC info before; all > my > > fundamental info had been gleaned from DGO. However, with earnings and > even > > cash-flow now being suspect-I go to the SEC page when analyzing a > company's > > stock that I wish to buy, to see what the company is doing and how it is > > doing it. (About a week ago, IBD in Investors Corner printed a column on > the > > different types of statements that companies are required to file with > the > > SEC-so I believe that IBD believes this sort of fundamental info is > important > > to apprise oneself of when analyzing a stock). > > > > I suppose I use the "events" in a negative way to strengthen my > buying > > strategy, ie. if what I see on SEC seems different than what DGO prints as > to > > the company's earnings or even what the chart is saying, I drop that stock > > from my watch-list. > > > > As far as selling (an exit strategy), I wouldn't buy a company in > the > > first place unless I felt comfortable with it. So for the exit strategy, > I > > generally will rely on WON's dictums regarding when to sell. > > > > jans > > > > In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time, > > kmalm@earthlink.net writes: > > > > << I see the recent discussions of Anderson, WCOM, earnings confidence, > etc. > > to be of great importance in CANSLIM investing, less as a matter of > "current > > events" than in the sense that it impacts much of the core investing > concepts > > in CANSLIM. > > > > I'm interested in finding out if and how this change in perception of > > earnings measurement will or has had any affect on your CANSLIM mining, > > entry, and/or exit strategies. If it has not yet had an effect, do you > > believe that it should? In other words, how will you modify your approach > > based on these events? How do you use these events to strengthen your > > strategies? >> > > > > - > > -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. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > ****************************************************************** > This email and any files transmitted with it from the ElPaso > Corporation are confidential and intended solely for the > use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the > sender. > ****************************************************************** > > - > -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: Mon, 1 Jul 2002 18:58:01 -0500 From: "Hill, Ernie" Subject: RE: [CANSLIM] Earnings Confidence So, David, those are the other three books in your top five? :) E -----Original Message----- From: David Taggart [mailto:dctag@mavericktrading.com] Sent: Monday, July 01, 2002 6:48 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Earnings Confidence Well I would have to put in Reminisces of a Stock Operator, Winning on Wall Street Zweig, Small-Cap dynamics Pradhuman, How to Trade in Stocks Livermore, Fooled by Randomness Taleb, Education of a Speculator Niederhoffer, Alchemy of Finance (the second and third time I had to re read it because I didnt reall get it) Soros, Technical Analysis from the Schwager on Futures series and Tech analysis of the Financial Markets by Murphy kinda tie for my favorite Tech analysis books, A Zebra in Lion Country Wagner. BTW I would include the market wizard books and Darvas. There are a lot of good books on the market and unfortunately a lot of useless info along with some plain old crap. I might do some book reports here when I can get to it. Happy Trading, David Taggart P.S. If you ever see a book that you deem expensive but your local Borders doesnt have it go ahead and do a special order at the bookstore. It is a little known fact that you get to browse and examine the book before you decide if you even want it. If you dont want it it doesnt cost you a cent and they keep it. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Monday, July 01, 2002 5:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Earnings Confidence David, At the risk of going off-topic again, what would you say are the other three books in your top five trading books list? PS- Not fair to mention Market Wizards or Darvas's book as they're on everyone's list.... PPS- This is not completely off topic as MW has interviews with WON and Ryan, while Darvas's system bears some similarities to CANSLIM. - ----- Original Message ----- From: "David Taggart" To: Sent: Monday, July 01, 2002 5:35 PM Subject: RE: [CANSLIM] Earnings Confidence > My basic interpretation of GARP is the P/E should be 70% or less of the 3 > year growth rate. Mark Boucher teaches some great stuff on this over at > Tradingmarkets and in his book Hedge Fund Edge. HTMMIS and Hedge Fund Edge > are easily in my top 5 trading books that I have read and I have read a ton. > > Happy Trading, > David Taggart > > > > > --Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hill, Ernie > Sent: Monday, July 01, 2002 2:59 PM > To: 'canslim@lists.xmission.com' > Subject: RE: [CANSLIM] Earnings Confidence > > > Congratulations! David you won I received your post about one second before > Gene's. > > Sorry Gene, aren't you losing another contest too? I really hate to mention > that one because I was pulling for you, but I am feeling a bit mischievous > right now. > > E > > -----Original Message----- > From: David Taggart [mailto:dctag@mavericktrading.com] > Sent: Monday, July 01, 2002 3:43 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > GARP Growth At a Reasonable Price > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons > Sent: Monday, July 01, 2002 2:41 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > David, > > Excuse my ignorance, but what's GARP? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart > Sent: Monday, July 01, 2002 10:18 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > I have found for about a year and a half that CANLSIM/GARP is a safe and > reliable way to trade. It really cuts down on the risk yet you still get to > catch a lot of the good moves such as homebuilders and REIT's. Granted it > is not strict CANSLIM but you can still use a lot of the concepts WON > teaches. I always thought David Ryans interview in Market Wizards made > sense that after screening for eveything else go for the lowest P/E. I also > wish that WON would teach more on the short side. The best gains I have had > have been on the short side the past year and a half. CANSLIM criteria are > discriminating enought that if you apply most of them in reverse and then > throw in a ton of debt you end up with some good shorts. Oh well enough of > my soapbox. > > > David Taggart > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion > Sent: Monday, July 01, 2002 1:57 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Earnings Confidence > > > Good post, Jans. I went to my back issues and dug out the Investor's Corner > you > refer to. It's the June 25th issue. I'm going to follow your lead and get > more > familiar with the SEC filings. > > In general, I've gotten more conservative, probably like most. I'm paying > more > attention to the P/E than I ever have in the past, preferring <20. I guess > that > makes me a "value" CANSLIM investor. I'm also weighting the cash flow more > than > I have in the past to try to establish a correlation with earnings, i.e., > 20% > higher than last year's EPS. -Harvey > > Spencer48@aol.com wrote: > > > Katherine: > > > > In a way the accounting frauds and scandals that have popped up have > > been useful to me-in this way: I had never relied on SEC info before; all > my > > fundamental info had been gleaned from DGO. However, with earnings and > even > > cash-flow now being suspect-I go to the SEC page when analyzing a > company's > > stock that I wish to buy, to see what the company is doing and how it is > > doing it. (About a week ago, IBD in Investors Corner printed a column on > the > > different types of statements that companies are required to file with > the > > SEC-so I believe that IBD believes this sort of fundamental info is > important > > to apprise oneself of when analyzing a stock). > > > > I suppose I use the "events" in a negative way to strengthen my > buying > > strategy, ie. if what I see on SEC seems different than what DGO prints as > to > > the company's earnings or even what the chart is saying, I drop that stock > > from my watch-list. > > > > As far as selling (an exit strategy), I wouldn't buy a company in > the > > first place unless I felt comfortable with it. So for the exit strategy, > I > > generally will rely on WON's dictums regarding when to sell. > > > > jans > > > > In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time, > > kmalm@earthlink.net writes: > > > > << I see the recent discussions of Anderson, WCOM, earnings confidence, > etc. > > to be of great importance in CANSLIM investing, less as a matter of > "current > > events" than in the sense that it impacts much of the core investing > concepts > > in CANSLIM. > > > > I'm interested in finding out if and how this change in perception of > > earnings measurement will or has had any affect on your CANSLIM mining, > > entry, and/or exit strategies. If it has not yet had an effect, do you > > believe that it should? In other words, how will you modify your approach > > based on these events? How do you use these events to strengthen your > > strategies? >> > > > > - > > -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. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > ****************************************************************** > This email and any files transmitted with it from the ElPaso > Corporation are confidential and intended solely for the > use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the > sender. > ****************************************************************** > > - > -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. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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 #2553 ****************************** 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.