From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2862 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, August 25 2002 Volume 02 : Number 2862 In this issue: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 RE: [CANSLIM] CANSLIM Hunting List 08/23/02 Re: [CANSLIM] Breakout Blues ---------------------------------------------------------------------- Date: Sun, 25 Aug 2002 16:16:50 -0500 From: "Lin Wells" Subject: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 This is a multi-part message in MIME format. - ------=_NextPart_000_0026_01C24C52.D19271E0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, Thanks for this hunting list and the time you and others put in here. Sometimes a man just has to overwhelmed with gratitude. I read WON's book probably eight yrs ago and thought it was a great book but never did anything with it. I left my IRA's to the funds which didn't work out so well. I've been lurking here off and on for a couple of years, but just got serious a couple of months ago. This list is giving me the practical information I need to apply WON and making it possible to make great leaps in knowledge and understanding that would take many months otherwise. I actually think I might be ready to go before this mkt turns around. The willingness of this group to share their knowledge, resources and time (and for free), is far above the norm, David Taggart snagging a free three month trial to tradingmkts, Mike Gibbons providing a backdoor and five free picks a day. I'm leaving out many others. Someday I hope to be able to make a contribution. And doggone it Tom, I like your list too, I don't care what Herman says. Lin - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Saturday, August 24, 2002 7:36 PM To: canslim@lists.xmission.com Subject: [CANSLIM] CANSLIM Hunting List 08/23/02 Hi All, I've uploaded an updated CANSLIM hunting list to: http://WallStreet-LLC.com/canslim/ CANSLIMHunting082302.xls ( a bit slow to load) or http://WallStreet-LLC.com/canslim/ CANSLIMHunting082302.zip ( a zipped version which you can download, somewhat faster) In order to make it to the list, the stock had to have a forward growth rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 day SMA, and at or above the 200 day SMA. This is what I consider to be "bare bones" requirements for CANSLIM quality stocks. Since the version of the hunting list I uploaded last month on 7/22, the list has expanded substantially. Last month, just prior to the current market low, there were only 210 stocks meeting these same criteria. This month the list has expanded to 459 names. I see that as an indication that the market for CANSLIM stocks is getting healthier. This, plus other evidence, leads me to believe that the market status for CANSLIMers is "OK-but proceed with caution." While many breakouts have pulled back, most have done so in an orderly fashion. I'd like to see more breakouts day to day and more breakouts that do not pull back before I would consider this an "all systems go" Market. In the meantime, following all the buy and sell rules will keep us out of trouble on long positions. Of the list of 459 stocks this month, 152 are repeats, 307 are new names. 58 names dropped from last month's list. You can see which names were dropped or added by taking a look at this month's spreadsheet. Other information included is industry name (slightly different than DGO's names, but close enough!), price, avg vol, and links to graphs and due diligence sites on the internet. If you'd like to look at last month's hunting list, you will find it at: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls Happy Hunting! Katherine PS These files are created with the PC version of Excel 2000. Occasionally I will not have data for a stock and it will slip onto the list even though the minimum technicals will not actually be met. Prices current as of market close 8/23/02. - ------=_NextPart_000_0026_01C24C52.D19271E0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

 

 

Katherine,

 

Thanks for this hunting list and = the time you and others put in here.  Sometimes a man just has to = overwhelmed with gratitude.  I read WON’s book probably eight yrs ago and = thought it was a great book but never did anything with it.  I left my = IRA’s to the funds which didn’t work out so well.  I’ve been = lurking here off and on for a couple of years, but just got serious a couple of = months ago.  This list is giving me the practical information I need to = apply WON and making it possible to make great leaps in knowledge and = understanding that would take many months otherwise.  I actually think I might be = ready to go before this mkt turns around.  The willingness of this group to = share their knowledge, resources and time (and for free), is far above the = norm, David Taggart snagging a free three month trial to tradingmkts, Mike = Gibbons providing a backdoor and five free picks a day.  I’m leaving = out many others.  Someday I hope to be able to make a = contribution.  And doggone it Tom, I like your list too, I don’t care what Herman = says.

 

Lin

 

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Saturday, August = 24, 2002 7:36 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] = CANSLIM Hunting List 08/23/02

 

Hi All,

 

I've uploaded an updated CANSLIM hunting list = to:

 

ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.zip ( a zipped version which you can download, somewhat = faster)

 

In order to make it to the list, the stock = had to have a forward growth rate of at least 15%, Price at least 6, Avg Daily Vol = at least 30K, RS at least 60, no more than 15% below the 50 day SMA, and at or = above the 200 day SMA. This is what I consider to be "bare bones" = requirements for CANSLIM quality stocks.

 

Since the version of the hunting list I = uploaded last month on 7/22, the list has expanded substantially. Last month, just = prior to the current market low, there were only 210 stocks meeting these same = criteria. This month the list has expanded to 459 names. I see that as an = indication that the market for CANSLIM stocks is getting healthier. This, plus other = evidence, leads me to believe that the market status for CANSLIMers is = "OK-but proceed with caution." While many breakouts have pulled back, most = have done so in an orderly fashion. I'd like to see more breakouts day to day = and more breakouts that do not pull back before I would consider this an = "all systems go" Market. In the meantime, following all the buy and sell rules will = keep us out of trouble on long positions.

 

Of the list of 459 stocks this month, 152 are = repeats, 307 are new names. 58 names dropped from last month's list. You can see = which names were dropped or added by taking a look at this month's = spreadsheet. Other information included is industry name (slightly different than = DGO's names, but close enough!), price, avg vol, and  links to graphs and = due diligence sites on the internet. If you'd like to look at last month's = hunting list, you will find it at:

 

 

Happy Hunting!

Katherine

 

PS

These files are created with the PC version = of Excel 2000.

Occasionally I will not have data for a stock = and it will slip onto the list even though the minimum technicals will not = actually be met.

Prices current as of market close = 8/23/02.

- ------=_NextPart_000_0026_01C24C52.D19271E0-- - - - -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, 25 Aug 2002 11:49:15 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 This is a multi-part message in MIME format. - ------=_NextPart_000_001A_01C24C2D.70329E40 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable X-MIME-Autoconverted: from 8bit to quoted-printable by pluto.wwwnexus.com id g7PN3X425351 Hi Lin, I get a lot from the list in terms of expanding my knowledge - providing = the back door(s) is a way of returning something of what I take a way. Your expression of gratutude is appreciated :-) Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmis= sion.com]On Behalf Of Lin Wells Sent: Sunday, August 25, 2002 11:17 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CANSLIM Hunting List 08/23/02 Katherine, Thanks for this hunting list and the time you and others put in here. = Sometimes a man just has to overwhelmed with gratitude. I read WON=92s book probably eight yrs ago and thought it was a great book = but never did anything with it. I left my IRA=92s to the funds which didn=92t work out so well. I=92ve been lurking here off and on for= a couple of years, but just got serious a couple of months ago. This list is giving me the practical information I need to apply WO= N and making it possible to make great leaps in knowledge and understanding that would take many months otherwise. I actually thin= k I might be ready to go before this mkt turns around. The willingness of this group to share their knowledge, resources and time (a= nd for free), is far above the norm, David Taggart snagging a free three month trial to tradingmkts, Mike Gibbons providing a backdoo= r and five free picks a day. I=92m leaving out many others. Someday I hope to be able to make a contribution. And doggone it Tom, I = like your list too, I don=92t care what Herman says. Lin -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmis= sion.com] On Behalf Of Katherine Malm Sent: Saturday, August 24, 2002 7:36 PM To: canslim@lists.xmission.com Subject: [CANSLIM] CANSLIM Hunting List 08/23/02 Hi All, I've uploaded an updated CANSLIM hunting list to: http://WallStreet-LLC.com/canslim/CANSLIMHunting082302.xls ( a bit slow= to load) or http://WallStreet-LLC.com/canslim/CANSLIMHunting082302.zip ( a zipped v= ersion which you can download, somewhat faster) In order to make it to the list, the stock had to have a forward growth= rate of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 day SMA, and at = or above the 200 day SMA. This is what I consider to be "bare bones" requirements for CANSLIM quality stocks. Since the version of the hunting list I uploaded last month on 7/22, th= e list has expanded substantially. Last month, just prior to the current market low, there were only 210 stocks meeting these same = criteria. This month the list has expanded to 459 names. I see that as an indication that the market for CANSLIM stocks is getting h= ealthier. This, plus other evidence, leads me to believe that the market status for CANSLIMers is "OK-but proceed with caution." W= hile many breakouts have pulled back, most have done so in an orderly fashion. I'd like to see more breakouts day to day and more br= eakouts that do not pull back before I would consider this an "all systems go" Market. In the meantime, following all the buy and se= ll rules will keep us out of trouble on long positions. Of the list of 459 stocks this month, 152 are repeats, 307 are new name= s. 58 names dropped from last month's list. You can see which names were dropped or added by taking a look at this month's spread= sheet. Other information included is industry name (slightly different than DGO's names, but close enough!), price, avg vol,= and links to graphs and due diligence sites on the internet. If you'd like to look at last month's hunting list, you will fi= nd it at: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls Happy Hunting! Katherine PS These files are created with the PC version of Excel 2000. Occasionally I will not have data for a stock and it will slip onto the= list even though the minimum technicals will not actually be met. Prices current as of market close 8/23/02. - ------=_NextPart_000_001A_01C24C2D.70329E40 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Hi=20 Lin,
 
I get=20 a lot from the list in terms of expanding my knowledge - providing = the back=20 door(s) is a way of returning something of what I take a way. Your = expression of=20 gratutude is appreciated :-)
 
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 Lin=20 Wells
Sent: Sunday, August 25, 2002 11:17 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] CANSLIM = Hunting=20 List 08/23/02

 

 

Katherine,

 

Thanks for = this=20 hunting list and the time you and others put in here.  Sometimes = a man=20 just has to overwhelmed with gratitude.  I read WON=92s book = probably eight=20 yrs ago and thought it was a great book but never did anything with = it. =20 I left my IRA=92s to the funds which didn=92t work out so well.  = I=92ve been=20 lurking here off and on for a couple of years, but just got serious a = couple=20 of months ago.  This list is giving me the practical information = I need=20 to apply WON and making it possible to make great leaps in knowledge = and=20 understanding that would take many months otherwise.  I actually = think I=20 might be ready to go before this mkt turns around.  The = willingness of=20 this group to share their knowledge, resources and time (and for = free), is far=20 above the norm, David Taggart snagging a free three month trial to=20 tradingmkts, Mike Gibbons providing a backdoor and five free picks a=20 day.  I=92m leaving out many others.  Someday I hope to be = able to=20 make a contribution.  And doggone it Tom, I like your list too, I = don=92t=20 care what Herman says.

 

Lin

 

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine = Malm
Sent: = Saturday, August=20 24, 2002 7:36 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] CANSLIM = Hunting List=20 08/23/02

 

Hi = All,

 

I've uploaded an updated = CANSLIM hunting=20 list to:

 

ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.xls (=20 a bit slow to load)  or

ht= tp://WallStreet-LLC.com/canslim/C= ANSLIMHunting082302.zip=20 ( a zipped version which you can download, somewhat=20 faster)

 

In order to make it to the = list, the=20 stock had to have a forward growth rate of at least 15%, Price at = least 6, Avg=20 Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 = day SMA,=20 and at or above the 200 day SMA. This is what I consider to be "bare = bones"=20 requirements for CANSLIM quality stocks.

 

Since the version of the = hunting list I=20 uploaded last month on 7/22, the list has expanded substantially. Last = month,=20 just prior to the current market low, there were only 210 stocks = meeting these=20 same criteria. This month the list has expanded to 459 names. I see = that as an=20 indication that the market for CANSLIM stocks is getting healthier. = This, plus=20 other evidence, leads me to believe that the market status for = CANSLIMers is=20 "OK-but proceed with caution." While many breakouts have pulled back, = most=20 have done so in an orderly fashion. I'd like to see more breakouts day = to day=20 and more breakouts that do not pull back before I would consider this = an "all=20 systems go" Market. In the meantime, following all the buy and sell rules = will keep us=20 out of trouble on long positions.

 

Of the list of 459 stocks = this month, 152=20 are repeats, 307 are new names. 58 names dropped from last month's = list. You=20 can see which names were dropped or added by taking a look at = this=20 month's spreadsheet. Other information included is industry name = (slightly=20 different than DGO's names, but close enough!), price, avg vol, and=20  links to graphs and due diligence sites on the internet. If = you'd like=20 to look at last month's hunting list, you will find it=20 at:

 

http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.xls

 

Happy = Hunting!

Katherine

 

PS

These files are created with = the PC=20 version of Excel 2000.

Occasionally I will not have = data for a=20 stock and it will slip onto the list even though the minimum = technicals will=20 not actually be met.

Prices current as of market = close=20 8/23/02.

- ------=_NextPart_000_001A_01C24C2D.70329E40-- - - - -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, 25 Aug 2002 17:31:54 -0500 From: "Norman" Subject: Re: [CANSLIM] Breakout Blues I had no trouble reading it with Lookout Express. Look great. Hermann, which mail client are you using? Norm - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Sunday, August 25, 2002 4:01 PM Subject: RE: [CANSLIM] Breakout Blues > Hi All, > > Hermann has advised me off list that my posting of recent breakouts was not easily readable yesterday. > > In case anyone else had a problem with it (it was in html format) the source material is available here: > > http://www.cwhcharts.com/WON_brkouts.html > http://www.cwhcharts.com/HIGH_brkouts.html > > 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 Mike Gibbons > Sent: Saturday, August 24, 2002 9:31 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Breakout Blues > > > Thought I'd just chip in with some anecdotal evidence of breakouts from CwH formations that I've identified since the July 24 low > and how they've fared through market close yesterday. A breakout is a stock that closed above its pivot on the breakout date with at > least 150% ADV. > > The evidence shows that breakouts are mostly either failing or not sustaining their gains in a significant way. The number of > stocks in the sample is too small to draw any scientific conclusions from, but are interesting nevertheless. > > The first table is of breakouts from a CwH formation with a minimum 5 day handle and within 15% of their left cup high. As of > yesterday all but one of them was still above the pivot, but only just, and were substantially down from their high water mark. > > Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at > Date Price Close Volume Price Volume % Intraday High > 8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11% > 8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29% > 8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29% > 8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12% > 8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90% > > > The second table is of breakouts from a minimum two day handle and within 22% of the left cup high. In this group only two are > above water, which appears to confirm that breakouts from short handles are more suspect. Interestingly, INTL had a 5 day handle > when it broke out. However, the potential gain from this group was greater for the swing trader. Greater risk, but greater potential > return? > > Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at > Date Price Close Volume Price Volume % Intraday High > 8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38% > 8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87% > 8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53% > 8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81% > 8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75% > 7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04% > > > As I said, there are too few stocks here to draw any conclusions from, but the results are anecdotally interesting. > > > 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 Norman > Sent: Saturday, August 24, 2002 5:43 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Breakout Blues > > > I think CAN SLIM is working great. If we are following the rules then we > have very limited exposure to the M right now. Sure we have seen some > confirmation days but are we seeing good numbers of leading > industries/companies breaking out of sound bases? Not for my tastes. > Sitting in cash because the rules say so is a positive position, IMO. As we > say in science; if you have a measurement of zero, that is as good as any > other non-zero measurement, it is still what was observed in the sample. > Not having any exposure to a M because some of the CAN SLIM rules keep you > out is not to say the method isn't working. > > Just my $0.02. > > Norm > > ----- Original Message ----- > From: "Dan Forant" > To: > Sent: Saturday, August 24, 2002 4:55 AM > Subject: Re: [CANSLIM] Breakout Blues > > > > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > > will not be successful as advertised. It's been awhile since CANSLIM has > > dusted itself off and worked. This market action could go on for a year or > > more. When CANSLIM does get it's chance it will shine. I still say it's a > > simple concept to practice. If you put it under a microscope it can get > > blurred. > > > > DanF > > > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Friday, August 23, 2002 11:07 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > > I disagree. Over the many years I have been using CANSLIM, and the past > > six > > > participating in this "niche" investing group, I have seen too many > people > > > that "thought" they knew CANSLIM and how to apply it. In some cases, > they > > > had not even read HTMMIS once, much less studied it. If I multiply the > > > membership of this group by some unknown factor to represent the > > population > > > of investors that got a free two week subscription to IBD and now > "think" > > > they have the hang of CANSLIM, but never were a member here, then I > think > > > there are likely millions of potential investors that will lose money on > > the > > > basis of their perception of CANSLIM, and thereby condemn the system > > rather > > > than their lack of knowledge or effort to learn. > > > > > > ----- Original Message ----- > > > From: "David Thompson" > > > To: > > > Sent: Friday, August 23, 2002 1:13 PM > > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > > > > Tom and Robert > > > > > > One of the concerns that I've had is that one of the principles of > > > investing is that once a very large group of people start following a > > > certain investment style it generally stops working. It seems that WON > > > has kept the C&H style of selecting stocks "fresh" by more and more > > > carefully defining what's likely to work and likely to not. However, I > > > suspect that significant growth in IBD (and they say it's growing > > > quickly, they're certainly giving away a lot of copies) will eventually > > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > > > David Thompson > > > > > > > > > > > > - > > > -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. ------------------------------ End of canslim-digest V2 #2862 ****************************** 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.