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Re: Building Blocks - Narrowing the Universe of Potential Stocks



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<DIV><FONT color=#000000 size=2>John, </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; I 
don't mind using funny data as long as it works &lt;G&gt;.&nbsp; Yes the CANSLIM 
strategy will work on any size stock.&nbsp; However, it the choice comes down to 
a higher cap stock and a lower cap stock, the odds over the long haul favor the 
lower cap for a higher overall return.&nbsp; Saying market cap as low as 
possible gives one ranking criteria.&nbsp; Microsoft Investor (and Telescan 
before it) will combine those relative indicators to come up with a formula to 
rank the stocks that have passed the absolute criteria requirements.&nbsp; Then 
I normally only view the top 20.&nbsp; Since QP2 doesn't use relative ranking, 
I'll have to come up with some other idea for searches with QP2. </FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; The relative strength in Telescan was 
relative to the whole market.&nbsp; All stocks they followed were ranked in 
percentiles from 0 to 99.&nbsp; I assume Microsoft Investor does the same but 
I,m not sure.&nbsp; I'm not sure what the RSI is in QP2, it may just be the 
internal stock RSI.&nbsp; Prices as low as possible is another of the relative 
criteria.&nbsp; Like I described above, It's combined with all other relative 
criteria in a formula that ranks results of stocks that passed the absolute 
criteria screen.&nbsp; Yes, I sometimes do add or delete criteria on the 
fly.&nbsp; I like to use the debt/equity as an absolute requirement less than 1, 
but sometimes only get a few stocks or none at all when I include it.&nbsp; When 
that happens, it means I have to loosen my absolute criteria to get more stocks 
to pass the screen.&nbsp; </FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; I don't think there is a problem with 
posting my picks effecting the fills on large volume stocks that trade 
actively.&nbsp; However, I have been concerned about the Christmas Special type 
picks.&nbsp; I've noticed on some of them that you can usually get a better fill 
about an hour after the open.&nbsp; I probably should say something about that 
in my next weekly pick If I don't forget it &lt;G&gt;.</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>John Manasco &lt;<A 
    href="mailto:jmanasco@xxxxxxxxx";>jmanasco@xxxxxxxxx</A>&gt;<BR><B>To: </B><A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Monday, November 23, 1998 3:09 PM<BR><B>Subject: </B>Re: Building Blocks 
    - Narrowing the Universe of Potential Stocks<BR><BR></DIV></FONT>Heretic! 
    How can you possibly discuss using funnymental data on a 
    TA<BR>list?<BR><BR>Having vented myself I will say that I believe in using 
    every available<BR>resource to give me an edge in the market.<BR><BR>In your 
    CANSLIM scan you state that you look for stocks with a market<BR>cap as low 
    as possible. Why and how low do you go? Does the CANSLIM<BR>strategy not 
    work on large cap stocks?<BR><BR>In the BotFish scan you ask for stocks with 
    a 3 month relative strength<BR>to be as high as possible. Relative to what? 
    An industry group? You also<BR>state that you want price/sales to be as low 
    as possible and may or may<BR>no use debt/equity requirement. This seems 
    rather subjective. Do you<BR>dynamically alter your parameters to suit 
    different market conditions?<BR><BR>On a different subject do you think that 
    posting your weekly picks could<BR>have an adverse effect on your fills? I 
    guess I worry that if too many<BR>people start blindly following&nbsp; your 
    picks someone is going to get a<BR>fill at a significantly higher price that 
    expected.<BR><BR>I haven't used Schwab of Microsoft. Do you like their 
    fundamental data<BR>and screening abilities? What about pricing?<BR><BR>Have 
    fun<BR><BR>John Manasco</BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 26 01:21:57 1998
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Message-ID: <008101be174d$afc50d40$78c2fdd0@xxxx>
From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: investor sentiment
Date: Mon, 23 Nov 1998 20:42:19 -0500
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<DIV><FONT color=#000000 size=2>Jeff,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; 
Please do.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Jeff Walker &lt;<A 
    href="mailto:jwalker@xxxxxxxxxxx";>jwalker@xxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>metastock@xxxxxxxxxxxxx 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Monday, November 23, 1998 12:17 PM<BR><B>Subject: </B>investor 
    sentiment<BR><BR></DIV></FONT>Last week I mentioned the weekly sentiment 
    report that I put out. I got a<BR>few favorable messages about it. I publish 
    this weekly to the realtraders<BR>list and it has been well received. I 
    throught I would post it here once to<BR>see what people thought. If there 
    is interest I can post here on a weekly<BR>basis, so let me know what you 
    think.<BR><BR>good 
    trading,<BR>Jeff<BR><BR><BR>----------------------------------------------<BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
    LOWRISK.COM <BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
    INVESTOR SENTIMENT 
    SURVEY<BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
    11 / 23 / 98<BR><BR><BR>&nbsp;&nbsp;&nbsp;&nbsp; brought to you by 
    Investormap.com<BR>the biggest directory of investing sites on the 
    net.<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <A 
    href="http://www.investormap.com";>http://www.investormap.com</A><BR><BR>------------------------------------------------<BR><BR>Below 
    are the results of our weekly &quot;Guess the Dow&quot; sentiment survey. 
    The<BR>survey was taken from 11/16 through 11/22 on our web site. 
    <BR><BR>Number of participants: 329<BR><BR>30 day outlook:<BR><BR>52% 
    bullish,&nbsp; 45% last week<BR>28% bearish,&nbsp; 29% last week<BR>21% 
    neutral,&nbsp; 26% last week<BR><BR>(percentages may not sum to 100 due to 
    rounding)<BR><BR>Median guess for the DJIA closing value on Friday, 11/26: 
    9124&nbsp;&nbsp; (it was<BR>8948 last week). More complete sentiment data is 
    available at<BR>&lt;<A 
    href="http://www.lowrisk.com/sentiment.htm";>http://www.lowrisk.com/sentiment.htm</A>&gt; 
    .<BR><BR>Bullish sentiment rose 7% last week to end at 52%. This was too be 
    expected<BR>since the DJIA rose 240+ points last week. The bulls gain came 
    primarily<BR>from the neutral camp, as bearish sentiment was almost 
    unchanged. The bears<BR>dropped by 1% to end at 28%. It is difficult to draw 
    much conclusion from<BR>this week's sentiment data. Bullish sentiment is 
    high, but it isn't quite<BR>at the level that would sound alarm bells for 
    the bulls.<BR><BR>Please stop by to take part in this weeks survey at:<BR><A 
    href="http://www.lowrisk.com/guess.htm";>http://www.lowrisk.com/guess.htm</A><BR>More 
    sentiment data is at: <A 
    href="http://www.lowrisk.com/sentiment.htm";>http://www.lowrisk.com/sentiment.htm</A><BR><BR>best 
    regards,<BR>Jeff Walker<BR><BR>-----------------------------<BR>To subscribe 
    to the email distribution of this report send<BR><A 
    href="mailto:wml-request@xxxxxxxxxxxx";>mailto:wml-request@xxxxxxxxxxxx</A> 
    with the word &quot;subscribe&quot; in the body of<BR>the 
    message.<BR><BR><BR><A 
    href="mailto:jwalker@xxxxxxxxxxx";>jwalker@xxxxxxxxxxx</A><BR><BR>InvestorMap.com 
    - THE financial and investing directory -<BR><A 
    href="http://investormap.com";>http://investormap.com</A><BR>Lowrisk.com - 
    making sense of the market - <A 
    href="http://www.lowrisk.com";>http://www.lowrisk.com</A></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 26 01:21:59 1998
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Off topic - how to use mail program
Date: Mon, 23 Nov 1998 20:44:56 -0500
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<DIV><FONT color=#000000 size=2>John,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; I 
don't use NetScape, but I'd be very surprised if it doesn't have a 
&quot;File&quot; &quot; Save As&quot; option.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>John Manasco &lt;<A 
    href="mailto:jmanasco@xxxxxxxxx";>jmanasco@xxxxxxxxx</A>&gt;<BR><B>To: 
    </B>Metastock List &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Monday, November 23, 1998 3:21 PM<BR><B>Subject: </B>Off topic - how to 
    use mail program<BR><BR></DIV></FONT>I know this is off topic but this is 
    the only group that I correspond<BR>with that might know the answer. 
    <BR><BR>I want to change the subject of a mail message I have received 
    before I<BR>move it to a permanent folder. For example if I get a message 
    whose<BR>subject is &quot;off topic&quot; but contains some neat little 
    formula that I want<BR>to remember can I change the topic and move it to one 
    of my archive<BR>folders? I like to keep many of the messages from this 
    group but the<BR>subject description does not always coincide with the 
    content, or the<BR>reason I want to save it.<BR><BR>FWIW I use Netscape 
    4.5.<BR><BR>Regards<BR><BR>John Manasco</BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 26 01:22:04 1998
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From: "Lionel and Gail Issen" <lissen@xxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Off topic: Canute
Date: Mon, 23 Nov 1998 15:39:15 -0600
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Rajeessh:

I dont know the context of your question.

Canute ( correct spelling would be Knute as in Knute Rockne) was a king of
Denmark and England. There is  a story  that his entourage was so
nausiatingly sycophantic flattering that he decided to teach them a lesson.
He set up his chair (throne) on a beach at low tide. When his sycophants
started telling him how great and powerful he was.  He asked them if he was
indeed powerful enough to stop the tide.  They assured him that he was.  He
then sat on his throne and ordered the tide to stop.  Of course the tide
continued. After his feet got wet, Canute told his entourage that anyone who
continued with this stupid flattery would be punished.  Since both King
Canute and Knute Rockne were capable, sensible and intelligent, I would
consider Canute or Knute a compliment.  However our language changes so
rapidly that it can mean anything now.

I hope I got the story straight.  Its been more than a decade or two since I
was in grade school.

Lionel
-----Original Message-----
From: Rajesh <demon@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, November 23, 1998 3:12 PM
Subject: Off topic: Canute


>Could someone tell me is "Canute" an a compliment or an insult?
>
>Rajesh
>
>