dabum, (and all), re POSSIBLE CANSLIM FIND
I just bought O'Neil's book, and I'm starting to work with some CANSLIM-type parameters. I'm using the screener at Multex -- multexinvestor.com -- which is, IMDO, by far the best freebie screener out there. (Note: Multex requires one to register to use their screener, but no paid membership is required -- just the ability to tolerate some ads and a spare email address to soak up the spam. -ng- )
Here is my first screen effort, with explainations as necessary.
# Name # of companies fitting
01 US Companies 8911
02 {EPS%ChgPYQ}>40% 1055
03 {EPS%ChgTTM}>=25% 548
04 {EPS%ChgA}>=25% 301
05 {EPS3YCGr%}>=25% 113
06 {EPS5YCGr%}>=20% 66
07 {Sales%ChgPYQ}>=25% 38
08 {Sales%ChgTTM}>=20% 37
09 {Sales%ChgA}>=18% 34
10 {Sales3YCGr%}>=15% 33
11 {Sales5YCGr%}>=10% 32
12 {Float}<=100 26
13 {#Institution}>=10 23
14 {InstNetPurch}>=.25 10
15 {Inst%Own}<=75 6
Explainations:
02 {EPS%ChgPYQ}>40% % Change this Q vs same Q last yr
03 {EPS%ChgTTM}>=25% % Ch recent 12 mo v prev 12 mo
04 {EPS%ChgA}>=25% % Ch most recent full yr vs prev
05 {EPS3YCGr%}>=25% Avg % ch last 3 yrs
06 {EPS5YCGr%}>=20% last 5 yrs
07, 08, 09, 10, 11 = same, except sales instead of earnings
12 {Float}<=100 in millions of shares
14 {InstNetPurch}>=.25 in millions of shares
15 {Inst%Own}<=75 % of outstanding stock owned by institutions
My first effort yielded 6 stocks, of which one -- BDY (Bradley Pharma) -- looks pretty promising, but for one proviso. That proviso being that I'm good at reading charts but lousy at reading financials. I'm hoping somebody will take a look at tell me what they think. (:
Here's a link to my iHub post giving my take on the financial picture, plus a couple charts which show that BDY may be painting a Cup n' Handle on the weekly. (I have to admit that this has me rather excited because of my understanding that the Cup n Handle is pretty much the meat and potatos of CANSLIM.)
investorshub.com |
