ajaskey
Well-known member
- Messages
- 281
- Likes
- 12
Paul_H said:
It should work. It may work better because there will not be thousands of traders front-running the best breakouts. I imagine CANSLIM in the UK will be a lot like CANSLIM in the US before the internet allowed everyone to be a trader.
I've considered trading some outside of the US markets but I can't find the same fundamental data for stocks listed only outside the US. It may exist, but I can't find it easily on the internet. If you find some screenable fundie data please let me know.
Andy
I am unable to find quarterly EPS which is one of the key pieces of data,
I have found annual EPS,
(http://www.digitallook.com and http://www.hemscott.net)
Is it law that companies have to submit quarterly earnings in the US as i do not believe this is the case in the uk and where the problem may be.
I have found annual EPS,
(http://www.digitallook.com and http://www.hemscott.net)
Is it law that companies have to submit quarterly earnings in the US as i do not believe this is the case in the uk and where the problem may be.
This is also the case in Australia. The ASX only requires companies to submit half yearly financial reports, and screening information services seem to only supple yearly eps. It is possible to troll through a companies financial reports to get a more detailed breakdown of the info but this does still only provide half yearly at best - and of course is very labour intensive. All other important indicators are locatable, including Qr $sales reports in the companies quarterly activities reports.
There seems to be no easy solution. If anyone knows anything for info outside the US could they pass it on. Cheers.
Thehunya.
There seems to be no easy solution. If anyone knows anything for info outside the US could they pass it on. Cheers.
Thehunya.
In your experience how important is the quarterly eps other than providing a more recent indications, is the system possible using only yearly eps growth?
Also has anyone read o'neils book on shorting stocks as all seem to be similar just selling IBD and saying how good he is mainly... The two books I have purchase and read were basically just about CANSLIM and I dont want to purchase the shorting book if all it details is the opposite of CANSLIM ie look for companies with a fall in eps.....
Also has anyone read o'neils book on shorting stocks as all seem to be similar just selling IBD and saying how good he is mainly... The two books I have purchase and read were basically just about CANSLIM and I dont want to purchase the shorting book if all it details is the opposite of CANSLIM ie look for companies with a fall in eps.....
ajaskey
Well-known member
- Messages
- 281
- Likes
- 12
Paul_H said:
Paul,
Quarterly EPS is important here in the US because companies report on a quarterly basis. It may be easier to trade the charts if companies only report once a year. You may want to think about if you want to hold thru earnings because it could be disaster if the company misses estimates by a mile - with quarterly reports there would be more warning - or a slow drip to the final annual miss. The downside of quarterly reporting is that traders try to game only the reporting season and can mess with the price/charts of low float stocks. These games four times a year don't help CANSLIM at all.
If you only have annual earnings look for annual increases for the past 3-5 years over 20-25%. If the company breaks down the reports by quarter in the annual reports you can look to see if the company's growth has been increase more recently. The company should be on the upswing of growth and not a top or a downswing. Quarterly growth can help see this. Some of CANSLIM is intuitive with the "N" criteria. You may find five companies that meet all the CANSLIM criteria and have good charts - you then need to make a "guess" which company is in the best industry and is positioned to actually double/triple/more the size of the company in the next few years.
Andy
Paul,
As with Canslim and MR Oneil's ethos, the emphasis is on growth, sustained growth, sustanable growth, and of course the acceleration of such growth. Healthy stock selection cna still be achieved based on yeary + half yearly financial reports. I have done this myself. It takes a little extra work and you need to be a little more aware of the industry sector you are investing into. And of course your charting needs to be A1 with your entry and exit points.
In order to prove this viability to yourself, I suggest that you examine some of the IBD or champion canslim stocks based only on the criteria of information you have in the UK. Would you still have selected these winners based only on the UK criteria? Once again quarterly enrnings comparisons are a specific acceletory guide, and interpreted correctly, give you a better indication of the stock's past performance and potention to continue. Of course the market is still king and no amount of your belief will imply that the market reacts the same way. But this can still be achieved with Half yearly and End of Financial Year reports.
Hope this helps.
Hunya.
As with Canslim and MR Oneil's ethos, the emphasis is on growth, sustained growth, sustanable growth, and of course the acceleration of such growth. Healthy stock selection cna still be achieved based on yeary + half yearly financial reports. I have done this myself. It takes a little extra work and you need to be a little more aware of the industry sector you are investing into. And of course your charting needs to be A1 with your entry and exit points.
In order to prove this viability to yourself, I suggest that you examine some of the IBD or champion canslim stocks based only on the criteria of information you have in the UK. Would you still have selected these winners based only on the UK criteria? Once again quarterly enrnings comparisons are a specific acceletory guide, and interpreted correctly, give you a better indication of the stock's past performance and potention to continue. Of course the market is still king and no amount of your belief will imply that the market reacts the same way. But this can still be achieved with Half yearly and End of Financial Year reports.
Hope this helps.
Hunya.
nunrgguy
Established member
- Messages
- 682
- Likes
- 126
Hi I'm new on the board and in the UK, currently studying the CANSLIM methodology. Due to the different nature of UK reporting etc I've been looking into combining earnings reports with analyst estimates, in particular analyst estimate revisions a-la Zacks as they (in theory at least) are something reasonable to consider. However it's not something that can be done reliably on small caps as on a LOT of UK stocks there are us no analyst coverage...
