From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2578 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 Sunday, July 7 2002 Volume 02 : Number 2578 In this issue: Re: [CANSLIM] Screening Re: [CANSLIM] Screening ---------------------------------------------------------------------- Date: Sun, 7 Jul 2002 21:51:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Screening This is a multi-part message in MIME format. - ------=_NextPart_000_024D_01C22600.75B8DC60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI would take it a step further, since campaign reforms have yet = to eliminate the requirement for major financing. I think a lot of = politicians are thinking beyond their term of office, and making sure = they are well connected when they return to the "private" world. - ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 9:49 PM Subject: RE: [CANSLIM] Screening Hold it! Do you suppose, just maybe the reason they are "like a magnet = to big money," is because....because....because without a lot of money = they won't win the election? -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons Sent: Sunday, July 07, 2002 9:37 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Screening Perhaps its an old saw, but a cynic recently observed to me that our = government is "of the money, by the money, for the money". 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 Tom Worley Sent: Sunday, July 07, 2002 3:26 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Screening Not Democrat or Republican bashing, truth is most major corps have = been cuddling up to politicians for decades, if not centuries. Doesn't = matter which party is in power, they are like a magnet to big money. = Special interests have carried far too much influence for far too many = years, and it's measured in how much money can be donated quietly, how = many staffers can leave govt and land a fat salary in corporate America, = how many politicians can end up on a Board of Directors with stock = options. ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 9:23 PM Subject: Re: [CANSLIM] Screening Not Democrat Bashing. Where were all the articles and SEC during = the last Administration. Before Martha gets swallowed whole, she better = visit Jenny Craig. DanF ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 8:54 PM Subject: Re: [CANSLIM] Screening Good article on FREE REAL TIME.COM today. Compares what President = Bush did when he was director of Harden Oil and sold 850,000.00 worth of = stock right before they disclosed how much debt the company had been = hiding , to the Enron problems. Was in the Wall Street Journal. Said he = may have gotten off because his dad was president. NOT REPUBLICAN = BASHING!!! Just noting how hard it is to get meaningful change in our = political system because everyone(on both sides) has too much to gain by = leaving things the way the are. I guess swallowing Martha Stewart whole = will have to satisfy our appetites for justice. Lets just hope it = satisfies the markets also, especially those of the European investors = who are pulling more and more money out every day. ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 1:47 PM Subject: Re: [CANSLIM] Screening tom-would be interested in reading the article on halliburton if = you can tell me where to find it. Article in L.A. Times business section = on pennystocks. Said they are becoming more popular because people are = feeling like if they are gambling on stocks may as well be cheap ones. = Noted WCOM went up 376% last week after new CEO came out and said it was = to big and important a company to go under. not so much canslim note as = M note. zillagirl ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 9:56 AM Subject: Re: [CANSLIM] Screening Duke, aside from raising my upper price limit to $20 from $18 = and market cap from $500 million to $650 million some months ago = (partially because of greater buying power thanks to early profits), I = have made little change in screening. I have been far less restrictive = on RS on stocks I already hold so long as fundamentals are holding up to = my expectations. I do think there is the potential for market improvement next = week, noticed that the 10 day moving average for up / down volume had = picked up on most indexes, even turned positive on some, so that is = encouraging. Most stocks are so beaten down right now it will take time = to see the same on the 10 day new highs / lows numbers. There are still corporate accounting problems coming out of = the woodwork, just read an article on Halliburton (Dick Cheney was VP = there in 2000), and more calls for SEC investigation of Bush and his = Cabinet. Disclosure by the House that they believe the Board of = Directors of Enron knew for several years of what was going on is also = leading to more politically inspired calls for reforms, and = investigations of Bush. So the politics, if not actual news, will keep = this issue in the forefront for some time. As I mentioned yesterday or Friday, the rally on Friday was = primarily a relief rally that there was no major terrorist attack over = the holiday (and now thru the weekend). That certainly could inspire a = day or two of frenzied buying, by value shoppers, by sidelined cash that = wants to be in the market, and by the shorters having to cover. I have = less confidence that it could lead to a sustained rally on fundamentals = and economics, even tho that would be legitimate as I see these factors. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Sunday, July 07, 2002 12:43 PM Subject: [CANSLIM] Screening Ok, wake up out there!! =20 Could it be that things might possibly by some mere stretch of = the imagination...start looking up? Is it time to proceed with some = early-on mining? To that end, I went back through my CAN SLIM Keepers = folder...you know, where I put stuff my 50-something mind needs to be = refreshed upon because it's meaningful, and I'm prone to forgetting. = (See anecdote at end of this message; if it rings a bell, so to speak, = you need your own CAN SLIM Keepers Folder!). Katherine Malm is in the "from" line in my Keeper folder more = than anyone else (wonder why?), so I'm using her as the catapult for my = query. At the same time, I'm asking others to chime in, PLEASE. =20 On April 29, Katherine, you summarized your screening tactics = in an email, subject: "How are you choosing your stocks." To = paraphrase: RS>=3D60 Price>=3D200dma Price>=3D50 dma -15% A/D =3D A, B, or C EPS Rating =3D>50 Meeting or exceeding these criteria, you flip through the = charts to see which are setting up, then proceed to additional scrutiny. = The following is quoting directly from your email:(hilite is mine): With respect to annual and quarterly growth, ROE, D/E, = cashflow etc., again, I look at these things in total, knowing that = accounting rules often obfuscate the "real" story. For that reason, I = like to skim the recent SEC filings if a stock makes my short due = diligence list, rather than eliminating stocks entirely just because ROE = is 14.6 vs 15% for example.=20 At the risk of interrupting Katherine's summer reading = program, my question for the week:=20 Now that the market has dipped this far, what screen changes, = if any, are you contemplating to narrow down your selections? =20 I've stated before that my feeling is the stocks that have not = succumbed as much lately (RS above 90, for instance) will be huge = winners; they are passing "obfuscated 'real' story" scrutiny. =20 Or will they? Are they more havens than performers, with the = prospect of giving way to other types of issues destined to surface into = the winners' pool? Duke >Senior Moment: >An elderly couple had dinner at another couple's house, and = after >eating, the wives left the table and went into the kitchen. = The two=20 >elderly gentlemen were talking, and one said, "Last night we = went out=20 >to a new restaurant, and it was really great. I would = recommend it=20 >very highly." > >The other man said, "What is the name of the restaurant?" The = first man >thought and thought and finally said, "What is the name of = that flower=20 >you give to someone you love? You know... the one that is red = and has=20 >thorns. > >"Do you mean a rose?" > >"Yes," the man said. He turned toward the kitchen and yelled, = "Hey >Rose, what's the name of that restaurant we went to last = night?" > - ------=_NextPart_000_024D_01C22600.75B8DC60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I would take it a step further, since campaign = reforms=20 have yet to eliminate the requirement for major financing. I think a lot = of=20 politicians are thinking beyond their term of office, and making sure = they are=20 well connected when they return to the "private" world.
 
----- Original Message -----=20
From: Duke=20 Miller
To: canslim@lists.xmission.com=
Sent: Sunday, July 07, 2002 9:49 PM
Subject: RE: [CANSLIM] Screening

Hold it!  = Do you=20 suppose, just maybe the reason they are "like a magnet to big money," is = because....because....because without a lot of money they won't win the=20 election?
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike=20 Gibbons
Sent: Sunday, July 07, 2002 9:37 PM
To: canslim@lists.xmission.com=
Subject:=20 RE: [CANSLIM] Screening

Perhaps its an old saw, but a cynic recently observed to = me that=20 our government is "of the money, by the money, for the=20 money".
 
Aloha,
 
Mike Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Sunday, July 07, 2002 3:26 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 Screening

Not Democrat or Republican bashing, truth is = most=20 major corps have been cuddling up to politicians for decades, if not = centuries. Doesn't matter which party is in power, they are like a = magnet to=20 big money. Special interests have carried far too much influence for = far too=20 many years, and it's measured in how much money can be donated = quietly, how=20 many staffers can leave govt and land a fat salary in corporate = America, how=20 many politicians can end up on a Board of Directors with stock=20 options.
 
----- Original Message -----=20
From: = Dan=20 Forant
Sent: Sunday, July 07, 2002 9:23 PM
Subject: Re: [CANSLIM] Screening

    Not Democrat = Bashing. Where=20 were all the articles and SEC during the last Administration. Before = Martha=20 gets swallowed whole, she better visit Jenny Craig.
 
DanF
 
----- Original Message -----
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Sunday, July 07, 2002 = 8:54=20 PM
Subject: Re: [CANSLIM]=20 Screening

Good article on FREE REAL = TIME.COM today.=20 Compares what President Bush did when he was director of Harden = Oil and=20 sold 850,000.00 worth of stock right before they disclosed how = much debt=20 the company had been hiding , to the Enron problems. Was in the = Wall=20 Street Journal.  Said he may have gotten off because his dad = was=20 president.  NOT REPUBLICAN BASHING!!!  Just noting how = hard it=20 is to get meaningful change in our political system because = everyone(on=20 both sides) has too much to gain by leaving things the way = the=20 are.  I guess swallowing Martha Stewart whole will have to = satisfy=20 our appetites for justice. Lets just hope it satisfies the markets =  also, especially those of the European investors who are = pulling=20 more and more money out every day.
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Sunday, July 07, = 2002 1:47=20 PM
Subject: Re: [CANSLIM]=20 Screening

tom-would be interested in = reading the=20 article on halliburton if you can tell me where to find it. = Article in=20 L.A. Times business section on pennystocks. Said they are = becoming more=20 popular because people are feeling like if they are gambling on = stocks=20 may as well be cheap ones. Noted WCOM went up 376% last week = after new=20 CEO came out and said it was to big and important a company to = go under.=20 not so much canslim note as M note. zillagirl
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, July 07, = 2002 9:56=20 AM
Subject: Re: [CANSLIM]=20 Screening

Duke, aside from raising my upper = price limit to=20 $20 from $18 and market cap from $500 million to $650 million = some=20 months ago (partially because of greater buying power thanks = to early=20 profits), I have made little change in screening. I have been = far less=20 restrictive on RS on stocks I already hold so long as = fundamentals are=20 holding up to my expectations.
 
I do think there is the potential for = market=20 improvement next week, noticed that the 10 day moving average = for up /=20 down volume had picked up on most indexes, even turned = positive on=20 some, so that is encouraging. Most stocks are so beaten down = right now=20 it will take time to see the same on the 10 day new highs / = lows=20 numbers.
 
There are still corporate accounting = problems=20 coming out of the woodwork, just read an article on = Halliburton (Dick=20 Cheney was VP there in 2000), and more calls for SEC = investigation of=20 Bush and his Cabinet. Disclosure by the House that they = believe the=20 Board of Directors of Enron knew for several years of what was = going=20 on is also leading to more politically inspired calls for = reforms, and=20 investigations of Bush. So the politics, if not actual news, = will keep=20 this issue in the forefront for some time.
 
As I mentioned yesterday or Friday, = the rally on=20 Friday was primarily a relief rally that there was no major = terrorist=20 attack over the holiday (and now thru the weekend). That = certainly=20 could inspire a day or two of frenzied buying, by value = shoppers, by=20 sidelined cash that wants to be in the market, and by the = shorters=20 having to cover. I have less confidence that it could lead to = a=20 sustained rally on fundamentals and economics, even tho that = would be=20 legitimate as I see these factors.
 
----- Original Message -----=20
From: Duke Miller =
To: CANSLIM
Sent: Sunday, July 07, 2002 12:43 PM
Subject: [CANSLIM] Screening

 
Ok, = wake up out=20 there!! 
 
Could = it be that=20 things might possibly by some mere stretch of the = imagination...start=20 looking up?  Is it time to proceed with some early-on=20 mining?
 
To = that end, I=20 went back through my CAN SLIM Keepers folder...you know, where = I put=20 stuff my 50-something mind needs to be refreshed upon because = it's=20 meaningful, and I'm prone to forgetting.  (See anecdote = at end of=20 this message; if it rings a bell, so to speak, you need your = own CAN=20 SLIM Keepers Folder!).
 
Katherine Malm is in the "from" line in = my Keeper=20 folder more than anyone else (wonder why?), so I'm = using her=20 as the catapult for my query.  At the same time, I'm = asking=20 others to chime in, PLEASE. 
 
On = April 29,=20 Katherine, you summarized your screening tactics in an email, = subject:=20 "How are you choosing your stocks."   To=20 paraphrase:
 
RS>=3D60
Price>=3D200dma
Price>=3D50 dma=20 -15%
A/D = =3D  A, B,=20 or C
EPS = Rating=20 =3D>50
Meeting or=20 exceeding these criteria, you flip through the charts to see = which are=20 setting up, then proceed to additional scrutiny.  The = following=20 is quoting directly from your email:(hilite is=20 mine):
 
With respect to annual = and=20 quarterly growth, ROE, D/E, cashflow etc., again, I look at = these=20 things in total, knowing that accounting = rules=20 often obfuscate the "real" story. For that reason, I = like to=20 skim the recent SEC filings if a stock makes my short due = diligence=20 list, rather than eliminating stocks entirely just because ROE = is 14.6=20 vs 15% for example.

At the = risk of=20 interrupting Katherine's summer reading program, my = question for=20 the week:

Now that=20 the market has dipped this far, what screen changes, if = any, are=20 you contemplating to narrow down your selections? =20

I've=20 stated before that my feeling is the stocks that have not = succumbed as=20 much lately (RS above 90, for instance) will be huge = winners;=20 they are passing "obfuscated 'real' story" = scrutiny. =20

Or will=20 they?  Are they more havens than performers, with the = prospect of=20 giving way to other types of issues destined to surface into = the=20 winners' pool?

Duke

>Senior=20 Moment:

>An elderly couple had = dinner at=20 another couple's house, and after

>eating, the wives left the table and = went into the=20 kitchen. The two

>elderly gentlemen were talking, and one = said,=20 "Last night we went out

>to a new restaurant, and it was really = great. I=20 would recommend it

>very highly."

>

>The other man said, "What is the name of = the=20 restaurant?" The first man

>thought and thought and finally said, = "What is the=20 name of that flower

>you give to someone you love? You = know... the one=20 that is red and has

>thorns.

>

>"Do you mean a rose?"

>

>"Yes," the man said. He turned toward = the kitchen=20 and yelled, "Hey

>Rose, = what's the=20 name of that restaurant we went to last = night?"

>

- ------=_NextPart_000_024D_01C22600.75B8DC60-- - - - -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, 7 Jul 2002 19:07:28 -0700 From: "zillagirl" Subject: Re: [CANSLIM] Screening This is a multi-part message in MIME format. - ------=_NextPart_000_0030_01C225E9.89C51F00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Messagehi Dan-I guess because I don't know as much about canslim as most = of you do(sometimes I read the emails and it astounds me how so many = systems are worked out for all of you) I don't have as much input as the = rest. Slowly I am reading and learning though. If I read an article on a = democrat that I thought affected the markets I be putting that out too, = without a second thought. I tried to stress that in the email. I believe = right is right and wrong is wrong-not so much democrat or republican. It = would be bad if this whole group fell apart because of a few facts being = pointed out, so Ill will try to refrain from comments on the M also and = just try to keep learning so I can make more money when the M turns. = good luck in your investing also Nancy ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 6:23 PM Subject: Re: [CANSLIM] Screening Not Democrat Bashing. Where were all the articles and SEC during = the last Administration. Before Martha gets swallowed whole, she better = visit Jenny Craig. DanF ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 8:54 PM Subject: Re: [CANSLIM] Screening Good article on FREE REAL TIME.COM today. Compares what President = Bush did when he was director of Harden Oil and sold 850,000.00 worth of = stock right before they disclosed how much debt the company had been = hiding , to the Enron problems. Was in the Wall Street Journal. Said he = may have gotten off because his dad was president. NOT REPUBLICAN = BASHING!!! Just noting how hard it is to get meaningful change in our = political system because everyone(on both sides) has too much to gain by = leaving things the way the are. I guess swallowing Martha Stewart whole = will have to satisfy our appetites for justice. Lets just hope it = satisfies the markets also, especially those of the European investors = who are pulling more and more money out every day. ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 1:47 PM Subject: Re: [CANSLIM] Screening tom-would be interested in reading the article on halliburton if = you can tell me where to find it. Article in L.A. Times business section = on pennystocks. Said they are becoming more popular because people are = feeling like if they are gambling on stocks may as well be cheap ones. = Noted WCOM went up 376% last week after new CEO came out and said it was = to big and important a company to go under. not so much canslim note as = M note. zillagirl ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 07, 2002 9:56 AM Subject: Re: [CANSLIM] Screening Duke, aside from raising my upper price limit to $20 from $18 = and market cap from $500 million to $650 million some months ago = (partially because of greater buying power thanks to early profits), I = have made little change in screening. I have been far less restrictive = on RS on stocks I already hold so long as fundamentals are holding up to = my expectations. I do think there is the potential for market improvement next = week, noticed that the 10 day moving average for up / down volume had = picked up on most indexes, even turned positive on some, so that is = encouraging. Most stocks are so beaten down right now it will take time = to see the same on the 10 day new highs / lows numbers. There are still corporate accounting problems coming out of the = woodwork, just read an article on Halliburton (Dick Cheney was VP there = in 2000), and more calls for SEC investigation of Bush and his Cabinet. = Disclosure by the House that they believe the Board of Directors of = Enron knew for several years of what was going on is also leading to = more politically inspired calls for reforms, and investigations of Bush. = So the politics, if not actual news, will keep this issue in the = forefront for some time. As I mentioned yesterday or Friday, the rally on Friday was = primarily a relief rally that there was no major terrorist attack over = the holiday (and now thru the weekend). That certainly could inspire a = day or two of frenzied buying, by value shoppers, by sidelined cash that = wants to be in the market, and by the shorters having to cover. I have = less confidence that it could lead to a sustained rally on fundamentals = and economics, even tho that would be legitimate as I see these factors. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Sunday, July 07, 2002 12:43 PM Subject: [CANSLIM] Screening Ok, wake up out there!! =20 Could it be that things might possibly by some mere stretch of = the imagination...start looking up? Is it time to proceed with some = early-on mining? To that end, I went back through my CAN SLIM Keepers = folder...you know, where I put stuff my 50-something mind needs to be = refreshed upon because it's meaningful, and I'm prone to forgetting. = (See anecdote at end of this message; if it rings a bell, so to speak, = you need your own CAN SLIM Keepers Folder!). Katherine Malm is in the "from" line in my Keeper folder more = than anyone else (wonder why?), so I'm using her as the catapult for my = query. At the same time, I'm asking others to chime in, PLEASE. =20 On April 29, Katherine, you summarized your screening tactics in = an email, subject: "How are you choosing your stocks." To paraphrase: RS>=3D60 Price>=3D200dma Price>=3D50 dma -15% A/D =3D A, B, or C EPS Rating =3D>50 Meeting or exceeding these criteria, you flip through the charts = to see which are setting up, then proceed to additional scrutiny. The = following is quoting directly from your email:(hilite is mine): With respect to annual and quarterly growth, ROE, D/E, cashflow = etc., again, I look at these things in total, knowing that accounting = rules often obfuscate the "real" story. For that reason, I like to skim = the recent SEC filings if a stock makes my short due diligence list, = rather than eliminating stocks entirely just because ROE is 14.6 vs 15% = for example.=20 At the risk of interrupting Katherine's summer reading program, = my question for the week:=20 Now that the market has dipped this far, what screen changes, if = any, are you contemplating to narrow down your selections? =20 I've stated before that my feeling is the stocks that have not = succumbed as much lately (RS above 90, for instance) will be huge = winners; they are passing "obfuscated 'real' story" scrutiny. =20 Or will they? Are they more havens than performers, with the = prospect of giving way to other types of issues destined to surface into = the winners' pool? Duke >Senior Moment: >An elderly couple had dinner at another couple's house, and = after >eating, the wives left the table and went into the kitchen. The = two=20 >elderly gentlemen were talking, and one said, "Last night we = went out=20 >to a new restaurant, and it was really great. I would recommend = it=20 >very highly." > >The other man said, "What is the name of the restaurant?" The = first man >thought and thought and finally said, "What is the name of that = flower=20 >you give to someone you love? You know... the one that is red = and has=20 >thorns. > >"Do you mean a rose?" > >"Yes," the man said. He turned toward the kitchen and yelled, = "Hey >Rose, what's the name of that restaurant we went to last = night?" > - ------=_NextPart_000_0030_01C225E9.89C51F00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
hi Dan-I guess because I don't know as = much about=20 canslim as most of you do(sometimes I read the emails and it astounds me = how so=20 many systems are worked out for all of you) I don't have as much input = as the=20 rest. Slowly I am reading and learning though. If I read an article on a = democrat that I thought affected the markets I be putting that out too, = without=20 a second thought. I tried to stress that in the email. I believe = right is=20 right and wrong is wrong-not so much democrat or republican. It would be = bad if=20 this whole group fell apart because of a few facts being pointed out, so = Ill=20 will try to refrain from comments on the M also and just try to keep = learning so=20 I can make more money when the M turns.  good luck in your = investing also=20 Nancy
----- Original Message -----
From:=20 Dan=20 Forant
To: canslim@lists.xmission.com=
Sent: Sunday, July 07, 2002 = 6:23 PM
Subject: Re: [CANSLIM] = Screening

    Not Democrat = Bashing. Where=20 were all the articles and SEC during the last Administration. Before = Martha=20 gets swallowed whole, she better visit Jenny Craig.
 
DanF
 
----- Original Message -----
From:=20 zillagirl
Sent: Sunday, July 07, 2002 = 8:54=20 PM
Subject: Re: [CANSLIM] = Screening

Good article on FREE REAL TIME.COM = today.=20 Compares what President Bush did when he was director of Harden Oil = and sold=20 850,000.00 worth of stock right before they disclosed how much debt = the=20 company had been hiding , to the Enron problems. Was in the Wall = Street=20 Journal.  Said he may have gotten off because his dad was=20 president.  NOT REPUBLICAN BASHING!!!  Just noting how = hard it is=20 to get meaningful change in our political system because everyone(on = both=20 sides) has too much to gain by leaving things the way the = are.  I=20 guess swallowing Martha Stewart whole will have to satisfy our = appetites for=20 justice. Lets just hope it satisfies the markets  also, = especially=20 those of the European investors who are pulling more and more money = out=20 every day.
----- Original Message ----- =
From:=20 zillagirl
To: canslim@lists.xmission.com= =20
Sent: Sunday, July 07, 2002 = 1:47=20 PM
Subject: Re: [CANSLIM]=20 Screening

tom-would be interested in = reading the=20 article on halliburton if you can tell me where to find it. = Article in=20 L.A. Times business section on pennystocks. Said they are becoming = more=20 popular because people are feeling like if they are gambling on = stocks may=20 as well be cheap ones. Noted WCOM went up 376% last week after new = CEO=20 came out and said it was to big and important a company to go = under. not=20 so much canslim note as M note. zillagirl
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Sunday, July 07, = 2002 9:56=20 AM
Subject: Re: [CANSLIM]=20 Screening

Duke, aside from raising my upper price = limit to=20 $20 from $18 and market cap from $500 million to $650 million = some=20 months ago (partially because of greater buying power thanks to = early=20 profits), I have made little change in screening. I have been = far less=20 restrictive on RS on stocks I already hold so long as = fundamentals are=20 holding up to my expectations.
 
I do think there is the potential for = market=20 improvement next week, noticed that the 10 day moving average = for up /=20 down volume had picked up on most indexes, even turned positive = on some,=20 so that is encouraging. Most stocks are so beaten down right now = it will=20 take time to see the same on the 10 day new highs / lows=20 numbers.
 
There are still corporate accounting = problems=20 coming out of the woodwork, just read an article on Halliburton = (Dick=20 Cheney was VP there in 2000), and more calls for SEC = investigation of=20 Bush and his Cabinet. Disclosure by the House that they believe = the=20 Board of Directors of Enron knew for several years of what was = going on=20 is also leading to more politically inspired calls for reforms, = and=20 investigations of Bush. So the politics, if not actual news, = will keep=20 this issue in the forefront for some time.
 
As I mentioned yesterday or Friday, the = rally on=20 Friday was primarily a relief rally that there was no major = terrorist=20 attack over the holiday (and now thru the weekend). That = certainly could=20 inspire a day or two of frenzied buying, by value shoppers, by = sidelined=20 cash that wants to be in the market, and by the shorters having = to=20 cover. I have less confidence that it could lead to a sustained = rally on=20 fundamentals and economics, even tho that would be legitimate as = I see=20 these factors.
 
----- Original Message -----=20
From: Duke Miller
To: CANSLIM
Sent: Sunday, July 07, 2002 12:43 PM
Subject: [CANSLIM] Screening

 
Ok, = wake up out=20 there!! 
 
Could = it be that=20 things might possibly by some mere stretch of the = imagination...start=20 looking up?  Is it time to proceed with some early-on=20 mining?
 
To that = end, I went=20 back through my CAN SLIM Keepers folder...you know, where I put = stuff my=20 50-something mind needs to be refreshed upon because it's = meaningful,=20 and I'm prone to forgetting.  (See anecdote at end of this = message;=20 if it rings a bell, so to speak, you need your own CAN SLIM = Keepers=20 Folder!).
 
Katherine Malm=20 is in the "from" line in my Keeper folder more than=20 anyone else (wonder why?), so I'm using her as the = catapult=20 for my query.  At the same time, I'm asking others to chime = in,=20 PLEASE. 
 
On = April 29,=20 Katherine, you summarized your screening tactics in an email, = subject:=20 "How are you choosing your stocks."   To=20 paraphrase:
 
RS>=3D60
Price>=3D200dma
Price>=3D50 dma=20 -15%
A/D = =3D  A, B,=20 or C
EPS = Rating=20 =3D>50
Meeting = or=20 exceeding these criteria, you flip through the charts to see = which are=20 setting up, then proceed to additional scrutiny.  The = following is=20 quoting directly from your email:(hilite is = mine):
 
With respect to annual and = quarterly=20 growth, ROE, D/E, cashflow etc., again, I look at these things = in total,=20 knowing that accounting rules often = obfuscate the=20 "real" story. For that reason, I like to skim the recent = SEC=20 filings if a stock makes my short due diligence list, rather = than=20 eliminating stocks entirely just because ROE is 14.6 vs 15% for = example.=20

At the = risk of=20 interrupting Katherine's summer reading program, my = question for=20 the week:

Now that=20 the market has dipped this far, what screen changes, if = any, are=20 you contemplating to narrow down your selections? =20

I've=20 stated before that my feeling is the stocks that have not = succumbed as=20 much lately (RS above 90, for instance) will be huge = winners;=20 they are passing "obfuscated 'real' story" scrutiny. =20

Or will=20 they?  Are they more havens than performers, with the = prospect of=20 giving way to other types of issues destined to surface into the = winners' pool?

Duke

>Senior=20 Moment:

>An elderly couple had = dinner at=20 another couple's house, and after

>eating, the wives left the table and went = into the=20 kitchen. The two

>elderly gentlemen were talking, and one = said, "Last=20 night we went out

>to a new restaurant, and it was really = great. I=20 would recommend it

>very highly."

>

>The other man said, "What is the name of = the=20 restaurant?" The first man

>thought and thought and finally said, = "What is the=20 name of that flower

>you give to someone you love? You know... = the one=20 that is red and has

>thorns.

>

>"Do you mean a rose?"

>

>"Yes," the man said. He turned toward the = kitchen=20 and yelled, "Hey

>Rose, = what's the name=20 of that restaurant we went to last night?"

>

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