Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TA-Quote Plus Version 2.0 -- Ignore unavailable to you. Want to Upgrade?

To: Michael Quarne who wrote (35)	4/4/1998 11:19:00 PM
From: Bob Jagow	Read Replies (2) \| Respond to of 85

Mike, I see that Brooke answered on the other thread--thought I'd elaborate here to avoid irritating the QP1 troops. The [largely ignored] point of R2, as Andy and/or Richard stressed, is to use the fundamentals; the CANSLIM scan is an ideal place to start. All 'marto' could scan for with R1 was Close >= $10 Earnings per share > 0 Relative Strength >= 80 Average daily volume > 30,000 Close within 15% of 52 week high Briefly, CANSLIM is, Current quarterly earnings--major % increase vs yr ago and accelerating. Annual earnings increase--15-50% annual growth rate stable for 5 yrs. New products, New management, New Highs Shares of common--smaller is better. Leader or Laggard--RS and RS within group. Institutional ownership--not too much. Market Direction--watch out for tops. So can add indicators for all but M, especially for earnings--the R2 version of earnings exclude extraord items as CANSLIM want s. Bob