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Registered User
Joined: 8/29/2005
Posts: 16
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I remember surfing the internet and coming across a web page for users of TC2000 where in one of the sections someone had outlined the code to obtain stocks that meet William O'Neil's fundamental criteria (IBD).
Would you know of the website or the filter if you are familiar with his criteria?
Thank you,
Antonio
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Check this out: CANSLIM
- Craig
Here to Help!
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Registered User
Joined: 8/29/2005
Posts: 16
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Yes those are the rules but can you help me put it into the scan? I am bit confused as to how to put it togehter.
Thank you,
Antonio
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Check out the thread again. I give criteria to use in EasyScan under each rule.
If you are not familiar with EasyScans or PCFs, check these videos out first:
Using EasyScan to find stocks that meet your own criteria
Create your own stock rankings using WatchLists and Sort conditions
- Craig
Here to Help!
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Registered User
Joined: 8/29/2005
Posts: 16
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I have the EPS of >18 up but I need to get the following:
1) Sales for the current quater up 25% from same quarter last year or three quarter of improving sales.
2) Return on equity greater or equal to 17 percent
3) cash flow per share is 20% greater than actual EPS. not sure if for the current quarter or the year.
Thanks,
Antonio
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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We don't have Sales by quarter. You can use any of these:
Earnings as a percent of Sales 1-Yr
This is an indication of profit margin. Weak profit margins are often a sign of hidden vulnerability in a stock that appears to have high earnings. Be careful of companies that pay high dividends while having low profit margins. Within industries, the companies with the highest profit margins are usually the leaders. It is a sign of good management. This reads in percentage.
Sales Growth Rate 5-Yr
This is the compound annual revenue per share growth over the last 5 years. This is an indication of growing market share (especially in issues with over 15.93% since the average compound inflation rate for five years in the USA is 15.93%). Never forget, it takes revenue to produce earnings.
Return on Equity information is not available in TeleChart.
We don't have cash slor per share but we do have:
Operating Cash Flow 1-Yr
The sum of net profit, depreciation, change in accruals, and change in accounts payable, minus change in accounts receivable, minus change in inventories.
- Craig
Here to Help!
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Registered User
Joined: 8/29/2005
Posts: 16
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How would I set the operating Cash Flow 1 yr to be equal to or greater than 120% of EPS for One year? Once I did this would it stay set on the calendar year or be based on the year counting back from last quarter?
Thank you,
Antonio
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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QUOTEHow would I set the operating Cash Flow 1 yr to be equal to or greater than 120% of EPS for One year?
There is no way to automate this in TeleChart. They would not be comparable at any rate (one is per share, the other is not)
- Craig
Here to Help!
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Registered User
Joined: 8/29/2005
Posts: 16
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Sorry, How would I set the scan to show those stocks where the cash flow is 1.20 times net income?
Also how would I set the Beta so it shows me stocks greater than the market...Should I use rank?
Thank you,
Antonio
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Rank allows you to compare a stocks value to the values of all the stocks in the market.
There is no way in TeleChart to compare two seperate fundamental conditions to each other in an EasyScan.
- Craig
Here to Help!
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