From: "George W. Gregory" Subject: [CANSLIM] Re: Several items Date: 31 Dec 1999 23:10:25 -0800 First of all, CS is not the only selection method. There are many others, but CS is very well thought out and if you apply yourself you can do extremely well. True, it will not get you into the internets because of no earnings, but you can consistently make money if you apply the principles. Take my word for it, an internet type play comes along once in a blue moon. Secondly, there are four factors that go into EPS rank; percentage earnings increase or decrease last quarter vs. a year ago, the same with the previous quarter, the stability rank last quarter and the stability rank the quarter before (ALL vs. the previous year). The maximum % increase considered is 100%, so if a stocks earnings go from $ .10 to $ .30, it's still calculated at a maximum of 100%. Third: NEVER use stops either way. Figure out some way to get prices during the day if you're unable to get prices - but NEVER use stops. If you do for some reason have to use a stop, make it a "stop limit". Fourth: Never use limit orders (except stop limits and then only if you have to". If a stock looks good at $60, it is just as good at $60 1/4 or $60 1/2. I'm sure you planned to make more than a quarter or half on it anyway. I've seen many people miss out on good profits because of that 1/4 point. Happy New Year investing, tiger49r - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Applying classic Elder to current Canslim "M" Date: 01 Jan 1999 08:17:08 -0500 Walter, I saved this message till I can finish the book. This way the posts will make a little sense to me. I am very interested in Elder's philosophy. I am up to Trend Lines. I hope to finish the book over the weekend. So far I have come to realize two things. First, your time frame for the specific trade has to be clear, of course not all trades need to be the same time frame. Second, there has to be a clear cut plan for entry and exit. So far I like CANSLIM, it seems pretty straight forward. Ian is IMO CANSLIM with more clear cut rules. I would really like to be at the knowledge people like yourself and others on the list are at. I guess it takes time. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Walter Stock > Sent: Sunday, December 27, 1998 9:44 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Applying classic Elder to current Canslim "M" > > > Hi Ronald, > > Many thanks for speeding things up and finding the material. > > I had been grinding through the earlier archive months, > but you have indeed found the meat of the series, > particularly v02-n317 and v02-320. > > Walter > > > Ronald J. Russell, Jr. wrote: > > > For those (like myself) who have been searching for the series > Walter referred to, there are some posts in v02.n291 through > v02.n294. The real meat of the series seems to be a little later > in v02.n317 through v02.n320. > > Ron > > > > - > > > > > - > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Several items Date: 01 Jan 1999 09:11:01 -0500 George, EPS is more complex than you describe, it also factors into WON's proprietary formula the five year earnings history. I disagree that earnings exceeding 100% in the two latest qtrs, or during the five years, would only count as a max of 100%. They would count at whatever growth they did, and then be ranked against all other stocks accordingly. The max value for WON's "EPS" is only 99 since this is a percentile value showing the percentage of other stocks that had lesser earnings values. It is also worth noting that the two most recent qtrs earnings are weighed more heavily than the 5 year history. I would disagree with never using limits or stops. A sell stop should always be determined at time of entry, preferably even before buying. Whether a hard stop is actually entered depends in large part on the investor's access to the mkt and his acct during the trading day as well as the investor's discipline in sticking to a mental stop. Limits also depend on an investor's access to the mkt. The ideal buy stop would also include the volume, thus permitting a two fold decision making (price and volume). Such is not possible unless you use a broker and have him enter the order only if both conditions are met. I would agree that limits are not appropriate on a highly liquid stock trading with an eighth spread. However, even here if you must enter the order before opening for execution on the open, a limit order provides protection in case the stock opens too high. In this case, it may often trade back down to your limit later in the day. Using limit orders when you trade small caps, which typically have a larger spread, makes sense, at least for me. I have frequently bot at the bid or a sixteenth higher, and sold at the offer or slightly below. Yes, at times I have missed an opportunity or had to adjust my price, but far more often than not, since the implementation of the Order Display Rules, I have been executed without the penalty of a large spread. Tom W -----Original Message----- Secondly, there are four factors that go into EPS rank; percentage earnings increase or decrease last quarter vs. a year ago, the same with the previous quarter, the stability rank last quarter and the stability rank the quarter before (ALL vs. the previous year). The maximum % increase considered is 100%, so if a stocks earnings go from $ .10 to $ .30, it's still calculated at a maximum of 100%. Third: NEVER use stops either way. Figure out some way to get prices during the day if you're unable to get prices - but NEVER use stops. If you do for some reason have to use a stop, make it a "stop limit". Fourth: Never use limit orders (except stop limits and then only if you have to". If a stock looks good at $60, it is just as good at $60 1/4 or $60 1/2. I'm sure you planned to make more than a quarter or half on it anyway. I've seen many people miss out on good profits because of that 1/4 point. Happy New Year investing, tiger49r - - ------------------------------------------------------------------------------- From: rolatzi Subject: [CANSLIM] Happy New Year Date: 01 Jan 1999 06:21:29 -0800 (PST) Hi guys, Let me add my sentiments for a happy, healthy and successful New Year. Let me be the first to add that this is the first day of the last year before we celebrate the new millennium. Ciao, rolatzi _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: RICHARD BARBITO Subject: [CANSLIM] (CANSLIM) TECH Date: 01 Jan 1999 09:43:00 -0500 I have noticed that Techne (TECH) broke out 12/18 on heavy volume. Since that day it has traded in a very tight range (heavy volume some days) and is going sideways. Any opinions? Put in a buy stop at 21 9/16? High for stock is 21 1/2, therefore if it trades higher you would get in on a breakout early. Thanks. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] (CANSLIM) TECH Date: 01 Jan 1999 09:56:09 -0500 Hi Richard, Since the breakout, it has been trading on unusually heavy volume with no further price advancement, despite the typical light volume during the holiday season. This would make me wait for further evidence of a volume driven breakout before entering any order. I also note that the latest qtr showed zero earnings growth despite a 37% gain in sales. It's possible this is a result of the acquisition of Genzyme, however if this pattern repeats in the Dec qtr just ended, it will show virtually no earnings growth for a second qtr, not a good sign for a further price gain. Despite not being in the top 5 of its group, it's CS elements are otherwise respectable. But if the Dec qtr fails to show substantial earnings growth, its EPS (currently at 86) could drop sharply and take it below 80. I also note that the concensus of analyst's forecasts is for a 5% drop in earnings year to year for the year ending June 99. This negative expectation is likely to hinder any expansion of its PE ratio even if earnings do improve (and they must improve over Q1 earnings of 17 cents or it will fall far short of even this reduced expectation). Tom W -----Original Message----- I have noticed that Techne (TECH) broke out 12/18 on heavy volume. Since that day it has traded in a very tight range (heavy volume some days) and is going sideways. Any opinions? Put in a buy stop at 21 9/16? High for stock is 21 1/2, therefore if it trades higher you would get in on a breakout early. Thanks. - - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 01 Jan 1999 08:00:02 -0700 This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] (CANSLIM) TECH Date: 01 Jan 1999 10:21:10 -0500 Would this be a High tight flag? > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Friday, January 01, 1999 9:56 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] (CANSLIM) TECH > > > Hi Richard, > > Since the breakout, it has been trading on unusually heavy volume with > no further price advancement, despite the typical light volume during > the holiday season. This would make me wait for further evidence of a > volume driven breakout before entering any order. I also note that the > latest qtr showed zero earnings growth despite a 37% gain in sales. > It's possible this is a result of the acquisition of Genzyme, however > if this pattern repeats in the Dec qtr just ended, it will show > virtually no earnings growth for a second qtr, not a good sign for a > further price gain. > > Despite not being in the top 5 of its group, it's CS elements are > otherwise respectable. But if the Dec qtr fails to show substantial > earnings growth, its EPS (currently at 86) could drop sharply and take > it below 80. > > I also note that the concensus of analyst's forecasts is for a 5% drop > in earnings year to year for the year ending June 99. This negative > expectation is likely to hinder any expansion of its PE ratio even if > earnings do improve (and they must improve over Q1 earnings of 17 > cents or it will fall far short of even this reduced expectation). > > Tom W > > -----Original Message----- > From: RICHARD BARBITO > To: canslim@xmission.com > Date: Friday, January 01, 1999 9:43 AM > Subject: [CANSLIM] (CANSLIM) TECH > > > I have noticed that Techne (TECH) broke out 12/18 on heavy volume. > Since that day it has traded in a very tight range (heavy volume some > days) and is going sideways. Any opinions? Put in a buy stop at 21 > 9/16? High for stock is 21 1/2, therefore if it trades higher you > would > get in on a breakout early. Thanks. > > - > > > > - > > - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] Re: Several items Date: 01 Jan 1999 10:14:48 -0500 > Third: NEVER use stops either way. Figure out some way to get prices >during the day if you're unable to get prices - but NEVER use stops. If you >do for some reason have to use a stop, make it a "stop limit". okay i'll bite ;^) "NEVER use..." <--- could you explain this?? - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] Re: Several items Date: 01 Jan 1999 10:24:58 -0500 >The ideal buy >stop would also include the volume, thus permitting a two fold >decision making (price and volume). Such is not possible unless you >use a broker and have him enter the order only if both conditions are >met. Do you think a time will come that orders will be able to be contingent on volume,orders, through an E*Trade, for instance?? This would solve a MAJOR issue for me...not that I'm unhappy with my performance...it just would be nice to know, in advance, that your leaving(?) the base on increased volume. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Several items Date: 01 Jan 1999 10:49:14 -0500 Thus far, I have seen no indications of the industry adapting to this type of buy stop order. I have known many brokers that couldn't handle the concept of a combo price-volume buy order, so doubtful the industry could adopt such a concept. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- >The ideal buy >stop would also include the volume, thus permitting a two fold >decision making (price and volume). Such is not possible unless you >use a broker and have him enter the order only if both conditions are >met. Do you think a time will come that orders will be able to be contingent on volume,orders, through an E*Trade, for instance?? This would solve a MAJOR issue for me...not that I'm unhappy with my performance...it just would be nice to know, in advance, that your leaving(?) the base on increased volume. - - ------------------------------------------------------------------------------- From: "Tony Austin" Subject: [CANSLIM] Re: ADVP (almost canslim) :-) Date: 01 Jan 1999 10:57:57 -0500 TC2000 doesn't have all the canslim criteria to search by, so I have created scans that come as close as I think I can get. While I have not checked all of the respective criteria, ADVP looks good with the exception of a low RS (62). While some of you will disagree with me, there are occasions where I will accept a lower RS when other conditions are in place. However, I am bringing it up (for those who wish to take a look) because yesterday it broke upward above short term resistance, and a seven month high on large volume. While the RS number is low, it rebounded very well from the October correction reaching a high of 33 1/8 on 11/3. It has consolidated nicely since breaking upward to 35 yesterday. Technicals look very positive. Next significant line of resistance is around 42, that represents a 20% window of possible opportunity prior to the next consolidation.....maybe. Don't know a thing. ______________________________ Tony email me at tony@radixinc.com send me a note via icq at 14719809 You can get icq at http://icq.com/ - ------------------------------------------------------------------------------- From: "Tony Austin" Subject: Re: [CANSLIM] Re: Several items Date: 01 Jan 1999 11:02:29 -0500 >Do you think a time will come that orders will be able to be contingent >on volume,orders, through an E*Trade, for instance?? E*Trade, the new version, has a helpful alert tool. You can set up to 25 alerts with varying different criteria, which include both volume and price conditions. While this isn't an order, it can notify you when these conditions are met to place your order. You can set it up to notify you via email, and maybe even fax. Nice tool that I just started using, have been encouraged with it's possibilities. Don't know a thing. ______________________________ Tony Austin email me at tony@radixinc.com send me a note via icq at 14719809 You can get icq at http://icq.com/ - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Re: ADVP (almost canslim) :-) Date: 01 Jan 1999 15:24:22 -0500 Tony, As a chart it looks OK (to me) but the group is Med/Dent Svcs. By CANSLIM definitions, right now there are some better groups. Last week 40 this week 40. According to Roger on HGS there is no group speed. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tony Austin > Sent: Friday, January 01, 1999 10:58 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Re: ADVP (almost canslim) :-) > > > TC2000 doesn't have all the canslim criteria to search by, so I > have created > scans that come as close as I think I can get. While I have not > checked all > of the respective criteria, ADVP looks good with the exception of a low RS > (62). While some of you will disagree with me, there are > occasions where I > will accept a lower RS when other conditions are in place. > > However, I am bringing it up (for those who wish to take a look) because > yesterday it broke upward above short term resistance, and a seven month > high on large volume. While the RS number is low, it rebounded very well > from the October correction reaching a high of 33 1/8 on 11/3. It has > consolidated nicely since breaking upward to 35 yesterday. Technicals look > very positive. Next significant line of resistance is around 42, that > represents a 20% window of possible opportunity prior to the next > consolidation.....maybe. > > Don't know a thing. > ______________________________ > Tony > email me at tony@radixinc.com > send me a note via icq at 14719809 > You can get icq at http://icq.com/ > > > > > - > - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Heavy intellectual lifting. Date: 01 Jan 1999 17:40:57 -0500 For those of you who attend to much that is not "technical" to investing, you will want to take a look at one of the best conservative policy and economic sites: http://Brookings.edu There are a couple of current articles on deflation and the euro. For some of the best conservative reading other than the content found in Brookings think tank, you will want to look at this think tank: http://aei.com The latter, the American Enterprise Institute, has absolutely some of the best conservative thought available. May all you become better investors and traders this coming year. I hope this year to have some technical-stocks that will make all of us some money. Connie Mack - ------------------------------------------------------------------------------- From: ToothDr1@aol.com Subject: [CANSLIM] Re:Trading styles Date: 01 Jan 1999 18:04:16 EST I have been on this list for quite some time and have learned much from the gray-bearded gurus for which i thank truly. I for one have never traded sucessfully until 1998 although I have tried to fully understand canslim. I now realize that there are few canslim purists, even on this board. Personal bias has to enter the picture, allowing one to develope his or her own trading style. I know at least one other member, "Dr. John A", who uses Advanced Get software for Technical analysis of the market. Connie uses his own brand of technicial analysis which works for him and his tips have helped me a great deal. I currently am more sucessful trading using the advance Get software and keeping my eyes peeled on canslim candidates which can be evaluated for winners. This works for me. The reason I am posting is to mention Dr Bill Williams and his book New Trading Dimensions. I have read the book several times and many good ideas are there for entry and exit of good candidates. I have the good fortune to have a female friend who is a professional intraday trader who manages one account of many,of a very wealthy individual. I mentioned Dr Williams and the book including his use of the alligator(a system of moving averages) the AOS and fractels etc etc to her and she told me that she attended his seminars, has his tapes and paper traded his methods extensively. Its her opionion that although much of his philosophy, as it applys to trading may be beneficial, his overall methods just plain don't work. It may be just her, and after her own personality is entered into the equation the system can't work. She has a similiar opinion of Robert M and the Dynamic Trader. She subscribed to his service, and doing careful reasearch discovered that many times he didn't enter the very trades he was recommending. I just wanted the board members to realize that this is a great group and although we seek the holy grail of trading. THERE IS NO EASY WAY. Thanks for listening to my pontification. Back to lurking Doc Jim - ------------------------------------------------------------------------------- From: "Dean Edwards" Subject: Fw: [CANSLIM] Re:Trading styles Date: 02 Jan 1999 15:45:10 +1300 Thank you for posting those interesting comments on this matter regarding trading styles. There was a recent article in Street com where the SEC was investigating bogus advertising claims made by a Day Trading firm. They were making false statements on how successful their clients were making money, day trading with this particular firm. After careful investigation it was discovered by the SEC that 75 out of a total of 76 people, were actually losing money day trading. Only one person was successfully making money day trading with this firm. Apparently he was an insider, who was actually working for the company. Caveat Emptor - Let the buyer be aware! Careful research should be mandatory. -----Original Message----- canslim-digest@lists.xmission.com Its her opionion that >although much of his philosophy, as it applys to trading may be beneficial, >his overall methods just plain don't work. It may be just her, and after her >own personality is entered into the equation the system can't work. She has a >similiar opinion of Robert M and the Dynamic Trader. She subscribed to his >service, and doing careful reasearch discovered that many times he didn't >enter the very trades he was recommending. >I just wanted the board members to realize that this is a great group and >although we seek the holy grail of trading. THERE IS NO EASY WAY. > >Thanks for listening to my pontification. Back to lurking > >Doc Jim > >- > - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Re: My memo on 1/1/99 Date: 01 Jan 1999 20:11:02 -0800 Tom: I happen to know that 100% is the maximum used in computing EPS rank. Yes, you are correct that the five year earnings are important, but, as you know, there are many new issues with only 2 or 3 years earnings history. Believe me, 100% is the maximum earnings differential taken into consideration when figuring EPS rank. I have seen many, many people get their head handed to them using stops. As you know, the minute the stock hits the stop price. the order becomes a market order. There are times trading will be halted and open far below your stop price. It sets your order off which may be 10 points lower than your stop. That is why I mentioned "stop limits" as an alternative. I realize that at times it is very difficult to keep right on top of your investments, however, there are small, hand=held units on the market which will allow you to keep closer track of your stocks. I would never buy a stock on the opening. I'd rather wait for the opening and then decide what to do. I've never known Bill O'Neil to buy (or sell) prior to the opening. I reiterate my statement about buying or selling at the market. Again, I say that if it's worth 60, it's worth 60 1/4 or 60 1/2. You mention thinly traded stocks. If you're dealing in these, you be the judge. When IBD institutes several new groups, it will be interesting to see what happens. One will be Internet-E*Commerce, another Internet-ISP's and so on. I don't know that it will make a big difference because none of the internet stocks are earning money. That does away with C and A. Happy New Year to all. tiger49er - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Happy New Year, and small caps KICK BUTT Date: 02 Jan 1999 05:14:34 GMT On Thu, 31 Dec 1998 16:38:39 -0500, you wrote: :Don't have the final figures yet, but I sure like the way the Russell :2000 finished the year. Looks like a 2.5% gain for New Year's Eve, :again beating the rest of the indexes. My only regret is not being :more aggressive with my #1 buy, would have made me over 10% today :alone. : :At this point, appears that R2000 is passing thru resistance and ready :to strive for new records early in 1999, which would fit with the :models. : :Tom W : Unfortunately, it's only one day's performance and I don't think it can be considered a trend yet. The R2000, if I'm not mistaken, was the only index to show a loss (-3%) for 1998. Midcaps did OK Thursday too.=20 What models are you referring to, Tom? Dan - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] Heavy intellectual lifting. Date: 02 Jan 1999 05:34:42 -0500 > http://Brookings.edu > >There are a couple of current articles on deflation and the euro. I love to read anything on deflation!...had to add the www to the url > http://aei.com > >The latter, the American Enterprise Institute, has absolutely some of >the best conservative thought available. This url brought me to Advanced Energy (?)....that's power conversion.....for AEI, it's http://www.aei.org Thank you for the lifting, Connie! A prosperous new year to you!! - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: My memo on 1/1/99 Date: 02 Jan 1999 07:04:51 -0500 George, Can you share your source on the 100% aspect? I realize WON uses a proprietary formula for the EPS ranking, however this is the first I've heard of this in nearly 8 years of using CANSLIM and several years of working with and being trained by WON staffers. I do agree with you on the issue of using sell stop limits vs simpler sell stops. In running a back office and executing all trades for a securities firm, I have seen occasions in which the brokers had entered substantial sell stop orders on a NYSE stock, only to see the mkt (or floor specialist) drop the mkt sharply, take out their sell orders, then rally right back up. And their sell price (since they didn't use a limit) was several pts below their stop price. Even on a Naz stock, where there isn't a single "floor specialist" who can see all stop orders, there are enough investors, including institutionals, that look at charts and determine a similar sell point that you can hit a critical price where an avalanche of sell orders can occur. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Tom: I happen to know that 100% is the maximum used in computing EPS rank. Yes, you are correct that the five year earnings are important, but, as you know, there are many new issues with only 2 or 3 years earnings history. Believe me, 100% is the maximum earnings differential taken into consideration when figuring EPS rank. I have seen many, many people get their head handed to them using stops. As you know, the minute the stock hits the stop price. the order becomes a market order. There are times trading will be halted and open far below your stop price. It sets your order off which may be 10 points lower than your stop. That is why I mentioned "stop limits" as an alternative - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO New Highs Date: 02 Jan 1999 07:08:03 -0500 Don't know if I will be able to post the weekly list as DGO apparently has a glich and the programmer is working on it. The list there shows as the new list, but is actually from the prior week. They are aware of the problem and working on it, but can't say when it will be fixed. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Happy New Year, and small caps KICK BUTT Date: 02 Jan 1999 07:24:30 -0500 Hi Dan, It's more than just a day actually, for the week the Dow was down 0.3%; Nasdaq was up 1.3%; and the Russell 2000 was up 4.0%. S&P 100 and 500 were down 1.0% and up 0.2% respectively. I agree that the small caps continued their under performance throughout 1998, however my experience (and historical patterns) has been that the January/February period is often favorable to them. When the new bull mkt started (or bull rally in a bear mkt) late in the year, the R2000 failed to move back to the highs set back in July, unlike the rest of the indexes. This continued the pattern we have seen for a number of years now. Liquidity, not earnings, has been the calling card for the institutional players for a long time. But as I read "M", CANSLIM, economics, and a bunch of other stuff, a stable mkt without high volatility (note that VIX once again moving back up, a plus 15.1% last week to 25.41 which is not a good sign) could result in more favorable conditions for the small caps. For that to succeed, they needed to break thru resistance at 420. They did that Friday, and however 1999 fares, it was a positive way to end the year even if holiday lightened trading means the trend can't be trusted. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- On Thu, 31 Dec 1998 16:38:39 -0500, you wrote: :Don't have the final figures yet, but I sure like the way the Russell :2000 finished the year. Looks like a 2.5% gain for New Year's Eve, :again beating the rest of the indexes. My only regret is not being :more aggressive with my #1 buy, would have made me over 10% today :alone. : :At this point, appears that R2000 is passing thru resistance and ready :to strive for new records early in 1999, which would fit with the :models. : :Tom W : Unfortunately, it's only one day's performance and I don't think it can be considered a trend yet. The R2000, if I'm not mistaken, was the only index to show a loss (-3%) for 1998. Midcaps did OK Thursday too. What models are you referring to, Tom? Dan - - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] Heavy intellectual lifting. Date: 02 Jan 1999 07:39:50 -0500 James-- Thanks for correcting the AEI site. Connie Mack james sullivan wrote: > > http://Brookings.edu > > > >There are a couple of current articles on deflation and the euro. > > I love to read anything on deflation!...had to add the www to > the url > > > http://aei.com > > > >The latter, the American Enterprise Institute, has absolutely some of > >the best conservative thought available. > > This url brought me to Advanced Energy (?)....that's > power conversion.....for AEI, it's http://www.aei.org > > Thank you for the lifting, Connie! A prosperous > new year to you!! > > - - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Date: 02 Jan 1999 08:00:02 -0700 Everyone, There are times when you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ If you need some help doing this step, there are ftp instructions below. 2. Send mail to me directly at "owner-canslim@xmission.com" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://ftp.xmission.com/pub/users/m/mcjathan/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] More heavy lifting [Connie Mack] Date: 02 Jan 1999 10:12:57 -0500 Am surprised how many members have told me that they do like heavy intellectual lifting. Here is an essay on Adam Smith's "invisible hand" and the stock market. http://www.intellectualcapital.com/issues/98/1224/icbusiness3.asp If you're interested in other mainly conservative "think tanks," try this site: http://www.libertymatters.org/think.htm Almost every site will have a financial section. A couple of members have asked me if there is a way to avoid having to copy every URL manually. There is. Any URL window can be copied and pasted. E.g., once you have an address in the URL, you can click on it until becomes selected [turns blue]. Go to the Edit button and click Copy. From there you can paste this URL anywhere you like. With the "http://" prefix included, anyone can just click and the site will appear. The pasted URL will not appear on your screen as selected [blue], but it will on anyone whom you sent it to. You can see if everything is as you want it by sending a copy to yourself. The copy you receive should appear as selected. Connie Mack - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Happy New Year Date: 02 Jan 1999 05:20:18 GMT On Fri, 1 Jan 1999 06:21:29 -0800 (PST), you wrote: :Hi guys, : :Let me add my sentiments for a happy, healthy and successful New Year. : Let me be the first to add that this is the first day of the last :year before we celebrate the new millennium. :Ciao, :rolatzi Well, I think you can start celebrating now ("any excuse to party!"). Interesting thing I heard today is that there is some controversy when the next millenium starts. You see 1/1/2000 is not really the start of the next millenium, but rather 1/1/2001 is! So, you will spend the whole year 1/1/2000 to 12/31/2000 wondering whether you should indeed be waiting another year before popping the corks, etc., etc. Hell, may as well start a year early a year early. The infamous Y2K zero hour WILL be a year early. Computers are dumb, aren't they? Happy New Year all! Dan - ------------------------------------------------------------------------------- From: rolatzi Subject: [CANSLIM] State of the Market Date: 02 Jan 1999 07:41:07 -0800 (PST) Index,Date, Close, Hi, Lo, Vol, MACD !DJ30,12/01/1998,9214.66,8934.52,9133.54,104.50,130.54 !DJ30,12/02/1998,9154.40,8922.94,9064.54, 92.35,130.31 !DJ30,12/03/1998,9112.69,8839.78,8879.68, 78.46,126.69 !DJ30,12/04/1998,9078.70,8873.76,9016.14, 69.61,125.37 !DJ30,12/07/1998,9146.93,8946.11,9070.47, 53.31,124.77 !DJ30,12/08/1998,9153.63,8903.37,9027.98, 79.24,123.21,Reversal !DJ30,12/09/1998,9138.18,8881.23,9009.19, 80.31,121.15,Compress !DJ30,12/10/1998,9034.42,8795.24,8841.58, 76.63,116.17 !DJ30,12/11/1998,8916.24,8680.41,8821.76, 71.70,111.00 !DJ30,12/14/1998,8868.10,8610.63,8695.60, 71.52,103.90 !DJ30,12/15/1998,8878.40,8614.75,8823.30, 77.34, 99.29 !DJ30,12/16/1998,8922.94,8675.52,8790.60, 70.31, 94.29 !DJ30,12/17/1998,8959.76,8725.21,8875.82, 71.75, 90.92 !DJ30,12/18/1998,9012.28,8789.31,8903.63, 95.15, 88.07 !DJ30,12/21/1998,9150.54,8874.28,8988.85, 77.84, 86.66 !DJ30,12/22/1998,9122.99,8909.29,9044.46, 58.51, 86.08 !DJ30,12/23/1998,9255.84,9022.58,9202.03, 58.32, 87.95 !DJ30,12/24/1998,9289.57,9146.42,9217.99, 20.21, 89.69 !DJ30,12/28/1998,9330.50,9133.54,9226.75, 45.91, 91.16 !DJ30,12/29/1998,9375.30,9152.34,9320.98, 51.15, 93.83 !DJ30,12/30/1998,9326.39,9268.20,9274.64, 54.82, 95.23,Compress !DJ30,12/31/1998,9342.61,9107.28,9181.43, 61.97, 94.67,Reversal !NYA ,12/01/1998,573.74,564.56,573.33, 7.88, 7.10 !NYA ,12/02/1998,573.33,566.29,571.79, 7.30, 7.20 !NYA ,12/03/1998,573.84,563.14,563.45, 8.03, 7.14,Reversal !NYA ,12/04/1998,573.64,563.45,573.49, 7.12, 7.23 !NYA ,12/07/1998,577.72,573.19,577.33, 6.60, 7.37 !NYA ,12/08/1998,579.36,571.38,574.92, 7.28, 7.43,Reversal !NYA ,12/09/1998,575.94,572.30,574.79, 7.00, 7.47 !NYA ,12/10/1998,574.79,565.35,566.08, 7.53, 7.34,Compress !NYA ,12/11/1998,566.08,559.72,564.82, 6.88, 7.19 !NYA ,12/14/1998,564.82,552.83,554.53, 7.02, 6.85,Compress !NYA ,12/15/1998,562.74,554.53,562.74, 7.81, 6.67,Up 1% wVol !NYA ,12/16/1998,564.31,559.95,562.89, 7.36, 6.49 !NYA ,12/17/1998,570.16,562.84,570.15, 7.44, 6.44,Up 1% wVol !NYA ,12/18/1998,572.54,568.77,572.07, 8.42, 6.40 !NYA ,12/21/1998,581.01,571.79,577.70, 7.45, 6.45 !NYA ,12/22/1998,580.82,574.13,578.75, 7.45, 6.49 !NYA ,12/23/1998,589.58,578.66,588.95, 6.88, 6.68 !NYA ,12/24/1998,589.94,587.82,589.07, 2.47, 6.84 !NYA ,12/28/1998,591.05,587.18,589.01, 5.33, 6.97,Reversal !NYA ,12/29/1998,597.05,587.32,597.05, 5.89, 7.20,Up 1% wVol !NYA ,12/30/1998,597.86,593.68,594.27, 6.00, 7.35,Reversal !NYA ,12/31/1998,597.82,592.70,595.81, 7.55, 7.49 !COMP,12/01/1998,2003.80,1924.10,2003.70, 1.03, 33.77 !COMP,12/02/1998,2005.70,1973.20,1995.20, 0.99, 35.23 !COMP,12/03/1998,2012.70,1954.30,1954.30, 1.05, 35.79,Reversal !COMP,12/04/1998,2003.10,1975.00,2003.10, 0.89, 37.03 !COMP,12/07/1998,2040.80,2007.30,2040.60, 0.81, 38.70 !COMP,12/08/1998,2060.98,2018.16,2034.75, 0.92, 40.02,Reversal !COMP,12/09/1998,2052.70,2031.80,2050.40, 0.86, 41.39 !COMP,12/10/1998,2058.38,2015.73,2015.96, 0.87, 41.95,Reversal !COMP,12/11/1998,2035.00,2004.90,2029.30, 0.79, 42.57 !COMP,12/14/1998,2029.30,1962.00,1966.90, 0.75, 41.98 !COMP,12/15/1998,2012.60,1981.20,2012.60, 0.77, 42.10,Up 1% wVol !COMP,12/16/1998,2027.10,1996.80,2009.30, 0.85, 42.05,Reversal !COMP,12/17/1998,2043.80,2014.70,2043.80, 0.80, 42.46 !COMP,12/18/1998,2086.10,2055.80,2086.10, 0.91, 43.43,Up 1% wVol !COMP,12/21/1998,2143.80,2104.10,2138.00, 0.96, 45.07,Up 1% wVol !COMP,12/22/1998,2144.60,2105.50,2120.90, 0.91, 46.15 !COMP,12/23/1998,2172.50,2134.20,2172.50, 0.97, 47.87,Up 1% wVol !COMP,12/24/1998,2171.30,2162.60,2163.00, 0.45, 49.15 !COMP,12/28/1998,2190.10,2163.00,2180.30, 0.87, 50.47 !COMP,12/29/1998,2186.10,2161.80,2181.70, 0.92, 51.55 !COMP,12/30/1998,2196.60,2160.90,2166.90, 0.93, 52.15,Reversal !COMP,12/31/1998,2200.63,2165.74,2192.69, 0.89, 52.97 !DJ20,12/01/1998,3089.36,2977.77,3047.84, 14.07, 42.32 !DJ20,12/02/1998,3119.46,3022.43,3101.95, 13.25, 45.32 !DJ20,12/03/1998,3123.87,3022.15,3039.15, 11.73, 46.96 !DJ20,12/04/1998,3116.61,3028.64,3052.25, 9.19, 48.62 !DJ20,12/07/1998,3189.79,3051.11,3115.83,15.82, 51.13,Up 1% wVol !DJ20,12/08/1998,3187.45,3066.52,3105.45, 14.62, 53.18 !DJ20,12/09/1998,3131.14,3024.87,3063.80, 11.45, 54.28 !DJ20,12/10/1998,3091.18,2993.09,3012.55, 8.75, 54.34 !DJ20,12/11/1998,3010.99,2886.43,2929.51, 15.30, 52.92,Compress !DJ20,12/14/1998,2949.15,2835.31,2858.66, 10.93, 50.37 !DJ20,12/15/1998,2919.65,2815.33,2883.32, 11.94, 48.39 !DJ20,12/16/1998,2933.40,2840.24,2869.82, 11.77, 46.28 !DJ20,12/17/1998,3003.47,2862.30,2970.64,15.34, 46.00,Up 1% wVol !DJ20,12/18/1998,3045.80,2934.96,3009.04, 14.69, 46.32 !DJ20,12/21/1998,3088.06,2987.90,3025.52, 11.66, 46.82 !DJ20,12/22/1998,3084.69,2950.79,3036.16, 12.18, 47.39 !DJ20,12/23/1998,3102.85,2999.05,3054.59, 9.39, 48.14 !DJ20,12/24/1998,3081.06,3020.59,3044.08, 3.09, 48.58 !DJ20,12/28/1998,3098.70,3005.28,3040.83, 8.44, 48.85,Reversal !DJ20,12/29/1998,3098.18,3012.55,3066.39, 7.19, 49.45 !DJ20,12/30/1998,3130.10,3065.36,3129.84,11.32, 50.98,Up 1% wVol !DJ20,12/31/1998,3200.94,3082.09,3149.30, 9.06, 52.62 _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Re: My memo on 1/1/99 Date: 02 Jan 1999 08:50:12 -0800 That doesn't make any sense statistically, since all co's doing better than 100% SQLY will be bunched up at rank 99. Makes comparisons between them meaningless. IBD's rank is a nonparametric percentile ranking statistic where the best number gets a 100 and the worst gets a zero. It doesn't matter what the actual earnings # is, i.e. the worst could be -500% and the best could be +400%, they still get a 0 and 100 score respectively. It's not impossible to get 5-yr earnings on 2 or 3 year old co's; I do it all the time. In many cases data from before they went public is available; in other cases when this is not avalable use you can use what you have and just have less data points in the trend. After all it's just a fitted regression and all you need for that is two data points (which of course I don't recommend doing). At 08:11 PM 1/1/99 -0800, you wrote: >Tom: > > I happen to know that 100% is the maximum used in computing EPS rank. Yes, >you are correct that the five year earnings are important, but, as you know, >there are many new issues with only 2 or 3 years earnings history. Believe >me, 100% is the maximum earnings differential taken into consideration when >figuring EPS rank. > I have seen many, many people get their head handed to them using stops. >As you know, the minute the stock hits the stop price. the order becomes a >market order. There are times trading will be halted and open far below your >stop price. It sets your order off which may be 10 points lower than your >stop. That is why I mentioned "stop limits" as an alternative. I realize >that at times it is very difficult to keep right on top of your investments, >however, there are small, hand=held units on the market which will allow you >to keep closer track of your stocks. > I would never buy a stock on the opening. I'd rather wait for the opening >and then decide what to do. I've never known Bill O'Neil to buy (or sell) >prior to the opening. I reiterate my statement about buying or selling at >the market. Again, I say that if it's worth 60, it's worth 60 1/4 or 60 1/2. >You mention thinly traded stocks. If you're dealing in these, you be the >judge. > When IBD institutes several new groups, it will be interesting to see what >happens. One will be Internet-E*Commerce, another Internet-ISP's and so on. >I don't know that it will make a big difference because none of the internet >stocks are earning money. That does away with C and A. > Happy New Year to all. > >tiger49er > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: David Reid Subject: Re: [CANSLIM] Happy New Year, and small caps KICK BUTT Date: 02 Jan 1999 12:56:51 -0800 some small caps have been kicking butt since october. I bought a small cap mutual fund that was pretty beat up on Oct 12. and as of yesterday it is up 36%. I consider that to be kicking butt. David Tom Worley wrote: > Hi Dan, > > It's more than just a day actually, for the week the Dow was down > 0.3%; Nasdaq was up 1.3%; and the Russell 2000 was up 4.0%. S&P > 100 and 500 were down 1.0% and up 0.2% respectively. > > I agree that the small caps continued their under performance > throughout 1998, however my experience (and historical patterns) > has been that the January/February period is often favorable to > them. When the new bull mkt started (or bull rally in a bear mkt) > late in the year, the R2000 failed to move back to the highs set > back in July, unlike the rest of the indexes. This continued the > pattern we have seen for a number of years now. Liquidity, not > earnings, has been the calling card for the institutional players > for a long time. > > But as I read "M", CANSLIM, economics, and a bunch of other > stuff, a stable mkt without high volatility (note that VIX once > again moving back up, a plus 15.1% last week to 25.41 which is > not a good sign) could result in more favorable conditions for > the small caps. For that to succeed, they needed to break thru > resistance at 420. They did that Friday, and however 1999 fares, > it was a positive way to end the year even if holiday lightened > trading means the trend can't be trusted. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Dan Musicant > To: canslim@lists.xmission.com > Date: Saturday, January 02, 1999 12:15 AM > Subject: Re: [CANSLIM] Happy New Year, and small caps KICK BUTT > > On Thu, 31 Dec 1998 16:38:39 -0500, you wrote: > > :Don't have the final figures yet, but I sure like the way the > Russell > :2000 finished the year. Looks like a 2.5% gain for New Year's > Eve, > :again beating the rest of the indexes. My only regret is not > being > :more aggressive with my #1 buy, would have made me over 10% > today > :alone. > : > :At this point, appears that R2000 is passing thru resistance and > ready > :to strive for new records early in 1999, which would fit with > the > :models. > : > :Tom W > : > Unfortunately, it's only one day's performance and I don't think > it can > be considered a trend yet. The R2000, if I'm not mistaken, was > the only > index to show a loss (-3%) for 1998. Midcaps did OK Thursday too. > > What models are you referring to, Tom? > > Dan > > - > > - - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Happy New Year, and small caps KICK BUTT Date: 02 Jan 1999 15:07:40 -0500 At 12:56 PM 1/2/99 -0800, you wrote: >some small caps have been kicking butt since october. >I bought a small cap mutual fund that was pretty beat up on Oct 12. >and as of yesterday it is up 36%. >I consider that to be kicking butt. In the time frame since October 12th: the large cap industrials (S&P500 up 25%) have been lagging the small caps (Russell 2000 up 28%) which have been lagging the large cap technology/growth (NASDAQ up 41%). Your fund is doing quite well relative to its benchmark (the Russell 2000) in the time frame you specified, but it has not kept up with the NASDAQ. This is not to say that the NASDAQ will continue to lead, the Russell 2000 advance looks powerful this week. But only time will tell if it is sustainable. - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] short sales Date: 02 Jan 1999 15:43:29 -0500 Hi, Does anyone know of any books that describe the proper way to short. Thanks Charlie - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] My Breakout Watchlist Date: 02 Jan 1999 15:48:49 -0500 Hello All, On my breakout watchlist for monday are; APEX, CELL, FYII, TCPS, BSYS, MMGR, RCGI, UNBC, LM, SSW, PPDI. Will consider a buy on high volume price advance. Any comments on these? Thanks, Mark - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] My Breakout Watchlist Date: 02 Jan 1999 15:48:49 -0500 Hello All, On my breakout watchlist for monday are; APEX, CELL, FYII, TCPS, BSYS, MMGR, RCGI, UNBC, LM, SSW, PPDI. Will consider a buy on high volume price advance. Any comments on these? Thanks, Mark - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] short sales Date: 02 Jan 1999 20:52:18 GMT On Sat, 2 Jan 1999 15:43:29 -0500, you wrote: :Hi, :Does anyone know of any books that describe the proper way to short. :Thanks :Charlie : You can try Stan Weinstein's "How to Profit in Bull and Bear Markets".=20 Dan - ------------------------------------------------------------------------------- From: "Brooke Besser" Subject: [CANSLIM] Brooke Besser introduction Date: 02 Jan 1999 14:46:53 PST Hello, My name is Brooke Besser and I live in Denver, CO. I started reading William O'neil's book several years ago and have recently picked it back up. My biggest question at this point is where can you find data on the internet to support the CANSLIM methodology? I would like to be looking at this data as I read through the book. Thanks ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] some non-canslim stocks Date: 02 Jan 1999 17:09:14 -0800 Here are two lists from a couple of sources. I scanned a list of about 300+ charts that were the result of a Quotes Plus scan, this first list are the ones I thought looked constructive out of those 300, either immediate buys or worth watching for the next few weeks - Amtran (AMTR) Aspect ASDV Alza Cybex CBXC Check Point CHKPF Ford F Imax IMAXF Breakout from excellent C&H formation Ionay Lafarge LAF Telecom-TCI LBTYA Neomagic NMGC Office Depot ODP Peregrine PRGN List 2 is from a couple of year end business shows I saw this weekend, picks from some of the guests for 1999. Probably suitable for longer term conservative type accounts. CPQ Staples SPLS mentioned by several Ford AOL Citigroup Rite Aid Kansas City Southern AMAT Nationwide Financial EDS Carnival Cruise Dollar General T Rowe Price BMCS - ------------------------------------------------------------------------------- From: "anthony boone" Subject: [CANSLIM] OFF TOPIC - WARRANTS Date: 02 Jan 1999 19:25:05 -0500 Hi, I am considering 'warrants" as an investment. If you guys know something, have had experiences with warrants, have an opinion, anything? please respond. Thanks anthony boone boonean@nwga.com - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re: [CANSLIM] Brooke Besser introduction Date: 02 Jan 1999 17:46:10 -0800 (PST) <> If you mean data that will help you use canslim, check the Mailbag at my website and use the Find function on your Edit menu or [Ctrl+F] with "source" or "resource" (without the quotes) and you'll get a number of places on the Net that will help you, as well as books, journals, newspapers, etc. Answers to any other questions you may have about stops or charts or whatever can be found using the same functions. Other pages, including the Journal (accessible through the Workshop), also have links. If you have any trouble, just let me know. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: carolreynolds@juno.com Subject: [CANSLIM] Stop-limit Date: 02 Jan 1999 18:53:45 -0700 Would someone explain what a stop-limit sell order is? ___________________________________________________________________ You don't need to buy Internet access to use free Internet e-mail. Get completely free e-mail from Juno at http://www.juno.com/getjuno.html or call Juno at (800) 654-JUNO [654-5866] - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Brooke Besser introduction Date: 02 Jan 1999 22:14:28 -0500 Hi, Welcome to the list. This page refers to a lot of other pages. Hope it helps. http://www.investorama.com/canslim.html Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Brooke Besser > Sent: Saturday, January 02, 1999 5:47 PM > To: canslim@xmission.com > Subject: [CANSLIM] Brooke Besser introduction > > > Hello, > > My name is Brooke Besser and I live in Denver, CO. I started reading > William O'neil's book several years ago and have recently picked it back > up. My biggest question at this point is where can you find data on the > internet to support the CANSLIM methodology? I would like to be looking > at this data as I read through the book. > > Thanks > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com > > > > - > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Stop-limit Date: 02 Jan 1999 22:20:44 -0500 Hi, Dont know if this is what you need but I copied this from the E-Trade instruction page. Stop Limit Order The stop limit order can be used to buy or sell. It is a regular stop order that becomes a limit order rather than a market order when the stock hits the stop price. With the stop limit order, an investor is trying to be even more precise about what price is acceptable. In the E*TRADE system you must place your stop and your limit at the same price. Thus, a sell stop limit order in the sell limit example for Disney above would be placed as "sell Disney at 88 stop, 88 limit" meaning: "I want out at 88 and not less than 88". Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > carolreynolds@juno.com > Sent: Saturday, January 02, 1999 8:54 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Stop-limit > > > Would someone explain what a stop-limit sell order is? > ___________________________________________________________________ > You don't need to buy Internet access to use free Internet e-mail. > Get completely free e-mail from Juno at http://www.juno.com/getjuno.html > or call Juno at (800) 654-JUNO [654-5866] > > - > > - ------------------------------------------------------------------------------- From: "Joe Scott" Subject: Re: [CANSLIM] Stop-limit Date: 02 Jan 1999 22:32:05 -0500 From the Schwab site;; Stop Limit A Stop Limit order instructs Schwab to buy or sell a security at a specific price or better (the stop limit price) but only after a given stop price has been reached or passed. To enter a sell Stop Limit order, you must enter a price below the current bid price and the limit price must be less than or equal to the stop price. If the security drops to or below the stop price, Schwab will enter a limit order for the security at the limit price. To enter a buy Stop Limit order, you must enter a price above the current ask price and the limit price must be above or equal to the stop price. If the price moves to or above the stop price, Schwab will enter a limit order to buy the security at the limit price. For example, if you enter a Sell Stop Limit order at 25 when the stock is at 30 and the stock price dropped to 25, a Limit order to sell at 25 would be entered. This means that your stock would not be sold for less than 25. joe - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] OFF TOPIC - WARRANTS Date: 03 Jan 1999 07:04:55 -0500 Hi Anthony, I am assuming you understand warrants and how they work. For those that don't, here's a quick sketch. Warrarts are similar to long term options. Typically they were created when a company went public, usually a lower priced stock tho not always. A warrant has a finite life, usually five years, and permits an exchange of the warrants and a specified amount of cash for shares in the same company. The actual exchange rate varys from warrant to warrant of different cos, thus you need to know the exchange rate to determine fair value. In addition, the warrant can be called by the co under specified terms, usually the price of the underlying stock. When the stock is trading below the exercise price of the warrant, then the trading price of the warrant represents pure premium, e.g. no intrinsic value, representing the time value remaining and the speculation that the stock price will go higher. As a warrant holder you are not a shareholder and thus have little if any rights or voting power unless you convert the warrants into shares. A co will issue warrants as they are a cheap way to raise future additional capital, assuming the stock price goes up and allows them to call the warrants. This feature, however, also means that the "investment" quality of a warrant is dubious as your potential gain can be capped at the company's choosing by calling the warrant. And when a warrant is called, the time value immediately drops to near zero, and it trades on only intrinsic value. To top this off, typically there are some holders of both stocks and warrants but without the cash to exercise the called warrants. Common practice is to sell the stock to raise the cash to exercise the warrants, thus depressing the stock price and the intrinsic value in the warrant. In addition, there will be some holders of warrants not able or willing to pump in the cash to exercise, and they will sell their warrants rather than let them expire. So you get a double downward pressure on the price of the warrants. Warrants "in the money" must be counted in the fully diluted total nr of shares for purposes of calculating earnings per share. Because a warrant can potentially expire out of the money, and thus worthless, I would not consider it to be an "investment" as I understand that word. They are a speculation on the future pricing of the stock, but unlike a call option, can be called by the company and their value capped. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Hi, I am considering 'warrants" as an investment. If you guys know something, have had experiences with warrants, have an opinion, anything? please respond. Thanks anthony boone boonean@nwga.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Stop-limit Date: 03 Jan 1999 07:13:02 -0500 Hello Carol, Of the two responses posted so far, the Schwab explanation is far better. However, even there one restriction is a "house rule", that of requiring the limit to be the same as or higher (for a buy) or lower (for a sale) than the stop. Some firms impose this, others do not. The key to remember is that you want a particular action taken (buy, buy limit, sell, sell limit) ONLY IF a particular price (the stop) is traded. Entering a stop limit simply means that the action taken will be a limit order rather than a market order, ensuring that if execution occurs it will be at your limit price or better. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Would someone explain what a stop-limit sell order is? _________________________________________________________________ __ You don't need to buy Internet access to use free Internet e-mail. Get completely free e-mail from Juno at http://www.juno.com/getjuno.html or call Juno at (800) 654-JUNO [654-5866] - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Brooke Besser introduction Date: 03 Jan 1999 07:14:39 -0500 Welcome to the group, Brooke. The best source of CANSLIM data online for me is the Daily Graphs Online (DGO) site, which is a commercial site costing currently $530 per year. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Hello, My name is Brooke Besser and I live in Denver, CO. I started reading William O'neil's book several years ago and have recently picked it back up. My biggest question at this point is where can you find data on the internet to support the CANSLIM methodology? I would like to be looking at this data as I read through the book. Thanks ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO New Highs Date: 03 Jan 1999 07:56:20 -0500 Good morning, and Happy New Year for all (go Dolphins!!) Great weekend for football lovers, don't know how much time I'll get for studying charts, but did finally get the list of new highs in the Daily Graphs books. The total for last week, despite only 4 trading days, was 424, of these 213 had both RS and EPS of 80 or better. Worth noting as well that a whooping 131 of these hit a high on Thursday alone. Some of this may be due to the thin trading last week, however volume was quite high on 12/31. Nasdaq did 886 million shares, NYSE 754 mil, and R2000 did 388 million. In each case this was approx equal to the current ADV. In looking over this list, there are still a surprisingly large nr of big name, big cap stocks making the 80/80 cut. I also noted that last week was, I believe, the first time since this rally started several months ago that the 10 day average of new highs solidly broke thru 100 on both NYSE and NASDAQ. Here goes in chronological order: DELL, MHP, IBM, YHOO, RAIL, SCH, LEVL, NOKA, BBK, ORLY, ESRX, DDDDF, GISX, TAGS, TSFW, OVRL, NETA, CTEA, IONAY, FISV, ORBKF, IPG, ORCL, PVN, ELK, KROG, TYC, WMT, PEGS, T, ECL, NTRS, GPS, NSIT, FDS, GE, CEBC, LU, SWY, EL, MYG, AEG, AFL, MDT, PBI, XRX, SDG, RCCK, ALSI, HH, MNMD, NVR, FITB, ASND, FSR, DV, DY, CRFT, COST, LIN, PRGX, KRON, SLR, PGR, INTV, PDX, ANF, KNGT, WCOM, LOW, CNMD, CTX, PZZA, JP, OCLI, EAGL, IBI, HD, AMWD, KRB, FRE, SBC, Here's where 12/31 starts: CREE, CMRO, BBBY, OXE, PLT, CPRT, FDO, SYKE, MMS, PRGN, EXAC, IPL, ATI, BMET, SEC, PHCC, METZ, BDY, DHR, JEC, APCC, SBL, BK, WSM, RLC, RESM, BHW, HDI, TMPW, CRDT, CTS, PFGC, SWD, MELI, BBC, RGIS, MEGA, CLFY, POS, KR, ABCW, BJ, JJSF, SANM, SGA, KING, FPIC, AIB, LGTO, PLCE, JWA, LLTC, TJX, KSS, FCBK, ACS, DTEK, NDN, OK, MYE, CYN, CCRD, DH, SALT, SNPS, FMY, TGO, AXA, IMAXF, PFE, MNC, LXK, MHK, MCRL, ASO, ICUI, WAT, SYK, CTAS, CCL, INF, RX, MLM, WHIT, PRY, CINRF, CGO, SNRZ, CAH, AHO, RAD, BEBE, AEH, WPI, CTL, AMSY, FM, IDGB, CGX, JWB, INSS, VCI, MEDQ, OMC, ZION, GENZ, EWB, BELFB, ALTR, CSGS, HHS, CTXS, FLEX, ACXM, CPS, CEFT, PPDI, FORR, RI, BVEW, TSAI, BSYS, CBXC, CBUK, SNSR, BOBJY, PSDI, CPWR, NCOG, ITGI, XLSW. Happy hunting. As always, you're on your own from here for research or typos. I can only say these stocks meet basic RS/EPS criteria, haven't looked at the charts, and many (most?) probably don't meet the traditional size requirements. I have also not looked at prices, so some may be under $12/share. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] More heavy lifting [Connie Mack] Date: 03 Jan 1999 08:25:58 -0500 >Am surprised how many members have told me that they do like heavy >intellectual lifting. I feel this type of reading is essential to having a better "grip" on Market(past, present, and/or future), Industry(where/how/when the particular industry will benefit), and New. New is one, that I've been focusing on lately. It helps me to evaluate my view, which facilitates better results/returns. Reading various points of views permits me to more easily accept when I'm wrong. Accepting the wrong ("chewing and swallowing") and moving on is VERY important for me, it allows me to stick with winners. Coupled with margin and options, when appropriate, "intellectual lifting" makes CANSLIM a very valuable tool. >http://www.intellectualcapital.com/issues/98/1224/icbusiness3.asp >http://www.libertymatters.org/think.htm Thanking you again, Connie!! BTW...anyone have thoughts/comments on IMAX?? - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... Date: 03 Jan 1999 08:00:02 -0700 From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: http://www.xmission.com/~mcjathan/cgi/lwgate.cgi/CANSLIM/ You can do simple key-word searches on the archive by going to: http://www.xmission.com/~mcjathan/canslim/search.html 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - ------------------------------------------------------------------------------- From: FBNAirPlt@aol.com Subject: [CANSLIM] Acc-Dis Numbers Date: 03 Jan 1999 14:48:14 EST Here are the newest Acc/Dis Numbers: Date A B C D E A+B/A:E %E 12/1/98 1413 3049 1240 789 256 66% 4% 12/2/98 1276 3063 1283 838 274 64% 4% 12/3/98 1252 3050 1295 823 290 64% 4% 12/4/98 1239 3035 1256 848 318 64% 5% 12/7/98 1185 2994 1278 881 345 63% 5% 12/8/98 1212 3023 1250 871 330 63% 5% 12/9/98 1241 2983 1260 874 323 63% 5% 12/10/98 1213 2978 1279 884 329 63% 5% 12/11/98 1204 2959 1279 898 341 62% 5% 12/14/98 1140 2914 1304 948 357 61% 5% 12/15/98 1093 2896 1304 1016 355 60% 5% 12/16/98 1019 2757 1342 1089 405 57% 6% 12/17/98 1009 2790 1347 1054 420 57% 6% 12/18/98 1009 2797 1326 1057 417 58% 6% 12/21/98 1030 2819 1315 1034 410 58% 6% 12/22/98 1085 2804 1304 1024 495 58% 7% 12/23/98 1126 2748 1297 1025 393 59% 6% 12/24/98 1094 2744 1303 1025 407 58% 6% 12/28/98 1126 2774 1290 1005 390 59% 6% 12/29/98 1148 2776 1307 992 381 59% 6% 12/30/98 1160 2740 1269 1035 391 59% 6% 12/31/98 1186 2730 1278 1016 390 59% 6% 1/4/99 1163 2797 1267 1002 377 60% 6% Spreed sheet version: Date,A,B,C,D,E,A+B/A:E,%E 12/1/98,1413,3049,1240,789,256,66%,4% 12/2/98,1276,3063,1283,838,274,64%,4% 12/3/98,1252,3050,1295,823,290,64%,4% 12/4/98,1239,3035,1256,848,318,64%,5% 12/7/98,1185,2994,1278,881,345,63%,5% 12/8/98,1212,3023,1250,871,330,63%,5% 12/9/98,1241,2983,1260,874,323,63%,5% 12/10/98,1213,2978,1279,884,329,63%,5% 12/11/98,1204,2959,1279,898,341,62%,5% 12/14/98,1140,2914,1304,948,357,61%,5% 12/15/98,1093,2896,1304,1016,355,60%,5% 12/16/98,1019,2757,1342,1089,405,57%,6% 12/17/98,1009,2790,1347,1054,420,57%,6% 12/18/98,1009,2797,1326,1057,417,58%,6% 12/21/98,1030,2819,1315,1034,410,58%,6% 12/22/98,1085,2804,1304,1024,495,58%,7% 12/23/98,1126,2748,1297,1025,393,59%,6% 12/24/98,1094,2744,1303,1025,407,58%,6% 12/28/98,1126,2774,1290,1005,390,59%,6% 12/29/98,1148,2776,1307,992,381,59%,6% 12/30/98,1160,2740,1269,1035,391,59%,6% 12/31/98,1186,2730,1278,1016,390,59%,6% 1/4/99,1163,2797,1267,1002,377,60%,6% Robert - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] SEEK Date: 03 Jan 1999 16:23:30 -0500 I have been working on a decision on the fate of SEEK. I purchased it wrong. I put in a limit order for 50 when the stock was slightly below 50. That got snapped up fast. The 17 day EMA is around 47. The stock is just short of 50. I put my stop at 44. I have been reading and trying to teach myself charting. Conclusions: No mater if it is weekly or daily in early Dec. the trend line got steeper. Still an up trend however. It broke below the trend line on Dec 28th. I have been trying to use trend type indicators to see what is happening. All the indicators I use MACD/histogram, ADX among others indicate to me that this stock is on thin ice. As Dr. Elder points out, emotion has to be out of it. I think it is I would like to keep the stock but I now have reservations. I had considered putting the stop at 46.50 and Buy Short at 46.00. Of course the problem is that if I am not at my computer to put the stop for the short back at about 47 I get whammed. I think I will pass on this complicated maneuver. ETrade would make more on that than I do even if it works. Guess I will wait till tomorrow morning to make my decision what to do. Suggestions are welcome. Thanks Charlie - ------------------------------------------------------------------------------- From: "Joe Scott" Subject: Re: [CANSLIM] SEEK Date: 03 Jan 1999 16:29:25 -0500 First good base, support is down at about 35.00.. I wouldn't be surprised that you get stopped out, especially with a hard stop.. Your right you couldn't have bought it at a worse time.. It was overbought and way extended,, look for it to pull back, put in a small base then if it continues with this three month uptrend that it is in, it may go on to new highs.. First few days of Dec,, that was the time to buy for that ride.. just my thoughts on strong trending stocks joe - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] My Breakout Watchlist Date: 03 Jan 1999 20:16:23 -0800 > APEX, CELL, FYII, TCPS, BSYS, MMGR, RCGI, UNBC, LM, SSW, PPDI. > Will consider a buy on high volume price advance. > Any comments on these? MMGR broke out on Wednesday, but the volume wasn't very impressive. I don't know if this can attibuted to a slower week or not. However, I overall like the stock, very good ROE. - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - 12/31/98 Date: 03 Jan 1999 23:48:55 -0500 All, Moved up a few to 223 this week. Happy New Year! Ron Symbol EPS RS GRS ERG A/D Close 30 ADV ACS 93 92 95 280 B $ 45.000 108,820 ACXM 94 89 95 278 A $ 31.000 533,913 ADCT 94 90 74 258 A $ 34.750 1,433,650 AEOS 76 98 91 265 A $ 66.630 345,927 AGN 86 90 89 265 B $ 64.750 264,870 AGPH 75 96 86 257 A $ 58.750 603,003 AHAA 76 99 84 259 A $ 36.000 194,447 AIT 77 85 64 226 A $ 63.380 1,212,427 ALTR 82 96 84 262 A $ 60.880 1,968,097 AMGN 87 94 86 267 A $ 104.560 3,070,393 ANF 99 97 91 287 A $ 70.750 477,633 AOL 76 99 99 274 A $ 155.130 17,053,108 APCC 90 93 78 261 A $ 48.440 601,913 APCO 96 90 92 278 A $ 11.750 78,497 ASMLF 76 88 79 243 A $ 30.500 711,520 ASND 91 96 87 274 A $ 65.750 4,655,510 AT 78 86 64 228 A $ 59.810 664,417 AVEI 99 93 90 282 A $ 52.500 1,955,347 AXNT 72 94 89 255 A $ 30.560 362,637 AZA 72 85 78 235 A $ 52.250 708,127 BBBY 96 92 80 268 A $ 34.130 1,271,607 BBOX 88 86 94 268 A $ 37.880 79,687 BBRC 83 86 84 253 B $ 23.440 219,040 BGEN 74 94 86 254 A $ 83.000 1,814,683 BJ 89 86 82 257 B $ 46.310 126,783 BK 83 89 66 238 A $ 40.250 1,362,430 BMET 83 86 90 259 A $ 40.250 630,917 BMY 76 85 77 238 A $ 133.810 1,577,743 BOOL 92 88 93 273 A $ 29.440 347,810 BPI 80 87 67 234 A $ 20.130 156,807 BRL 88 88 85 261 A $ 48.000 112,803 BSYS 85 87 95 267 A $ 51.630 152,480 CAKE 85 94 67 246 B $ 29.660 182,470 CBSI 97 86 95 278 A $ 33.880 250,060 CBUK 98 94 79 271 A $ 37.250 85,940 CBXC 97 97 78 272 A $ 29.380 108,147 CCL 91 94 66 251 A $ 48.000 2,562,083 CDWC 97 96 86 279 A $ 95.940 124,507 CEFT 98 97 67 262 A $ 42.380 787,327 CEN 79 86 95 260 B $ 69.810 331,217 CHCS 79 98 91 268 A $ 23.380 100,513 CHKPF 99 96 89 284 A $ 45.810 1,056,173 CINRF 96 86 61 243 B $ 25.380 92,597 CLFY 87 98 93 278 B $ 24.440 296,790 CLX 85 88 73 246 A $ 116.810 354,133 CMED 97 96 90 283 A $ 13.250 209,727 CMGI 77 99 92 268 A $ 106.500 1,301,763 CMVT 97 94 74 265 A $ 71.000 715,023 CNMD 93 88 81 262 A $ 33.000 86,997 COF 91 88 67 246 A $ 115.000 416,077 CPWR 98 96 93 287 A $ 78.130 2,776,856 CREE 99 99 84 282 A $ 47.880 378,430 CSCO 97 97 87 281 A $ 92.810 13,365,058 CTAS 90 92 94 276 A $ 70.440 275,150 CTL 87 93 91 271 A $ 67.500 243,640 CTXS 98 95 93 286 A $ 97.060 692,510 CUBE 89 92 83 264 B $ 27.130 914,837 DCTM 99 90 93 282 A $ 53.440 155,030 DDDDF 99 97 93 289 A $ 48.130 129,953 DELL 99 97 93 289 A $ 73.190 16,108,964 DH 84 89 82 255 B $ 54.250 2,257,813 DL 80 87 61 228 B $ 28.880 447,223 DLTR 98 86 80 264 A $ 43.690 442,780 DMMC 73 95 94 262 B $ 19.000 134,350 DRTE 76 94 88 258 B $ 24.970 301,187 DSP 98 95 84 277 A $ 15.310 387,077 DTPI 73 91 92 256 A $ 19.130 111,157 DV 87 94 63 244 A $ 30.630 129,453 EAII 99 85 93 277 A $ 54.000 238,603 ECILF 93 86 74 253 A $ 35.630 484,063 EDMC 99 90 63 252 A $ 23.630 172,067 EL 88 92 61 241 B $ 85.500 187,767 EMC 96 98 83 277 A $ 85.000 2,902,314 ERTS 88 87 81 256 A $ 56.130 754,147 ESRX 95 96 98 289 A $ 67.130 115,890 ETEC 91 85 79 255 A $ 40.000 459,913 FFTI 88 85 95 268 A $ 11.060 87,560 FISV 90 85 95 270 A $ 51.440 360,803 FLEX 98 98 84 280 A $ 85.630 957,413 FM 96 88 67 251 A $ 22.060 150,080 FMY 90 91 92 273 A $ 60.250 713,163 GDT 98 94 89 281 A $ 110.000 637,573 GENZ 90 95 86 271 B $ 49.750 969,767 GEOC 72 98 93 263 A $ 37.250 235,330 GILTF 96 92 74 262 A $ 55.130 146,470 GML 74 95 94 263 A $ 23.380 114,387 GPS 96 96 91 283 A $ 56.130 1,962,375 HLI 87 85 65 237 A $ 58.250 83,810 HLYW 83 98 80 261 B $ 27.250 629,787 HMK 99 87 68 254 A $ 37.630 139,110 IBM 85 94 99 278 B $ 184.380 3,118,820 IMAXF 97 90 61 248 A $ 31.630 170,273 INSS 99 98 95 292 A $ 66.500 255,127 INTL 94 92 74 260 B $ 23.380 167,280 IONAY 96 94 93 283 A $ 38.000 144,160 IPG 89 92 68 249 A $ 79.750 300,630 ITWO 99 94 93 286 A $ 30.380 830,573 JKHY 99 90 75 264 A $ 49.750 114,033 JP 84 85 65 234 B $ 75.000 171,963 JVLN 76 94 75 245 B $ 15.000 75,707 KROG 80 97 72 249 A $ 39.440 98,283 LAF 93 86 73 252 A $ 40.500 105,600 LEVL 98 95 84 277 A $ 35.500 956,217 LGTO 99 97 93 289 A $ 65.940 582,570 LLTC 89 94 84 267 A $ 89.560 912,127 LSON 93 90 92 275 A $ 58.190 216,573 LU 97 96 74 267 A $ 109.940 5,851,763 LXK 97 97 78 272 A $ 100.500 441,570 MAST 98 86 95 279 A $ 28.630 223,843 MBRS 82 91 92 265 B $ 29.500 84,233 MCD 75 86 67 228 A $ 76.810 1,599,020 MCHP 70 92 83 245 A $ 37.000 758,203 MCRL 98 96 84 278 A $ 55.000 261,860 MCSC 98 95 76 269 B $ 24.630 86,083 MDT 80 86 90 256 A $ 74.280 1,705,840 MEDQ 95 95 92 282 B $ 39.500 247,393 MELI 94 96 74 264 A $ 21.000 80,983 MERQ 72 98 93 263 A $ 63.250 197,617 METG 96 90 95 281 A $ 29.750 102,950 METZ 99 93 92 284 A $ 48.690 544,130 MHP 83 85 96 264 B $ 101.880 281,387 MLM 85 90 73 248 A $ 62.190 127,100 MMGR 98 89 88 275 A $ 31.380 144,947 MMS 87 86 92 265 A $ 37.000 165,847 MNMD 98 98 89 285 B $ 104.750 115,723 MNTR 84 88 81 253 B $ 23.440 170,837 MRX 93 90 78 261 A $ 59.880 114,363 MSFT 97 92 90 279 A $ 138.690 13,229,827 MTP 82 92 88 262 B $ 56.560 196,750 MTRS 97 89 67 253 A $ 50.310 397,610 MXIM 95 90 84 269 A $ 43.690 1,317,387 MXWL 70 96 60 226 B $ 40.250 92,580 MYG 95 88 74 257 A $ 62.250 465,330 NCOG 98 96 92 286 A $ 45.000 161,777 NDC 96 90 95 281 A $ 48.690 181,090 NEG 85 86 88 259 B $ 56.500 151,720 NETA 99 97 89 285 A $ 66.250 2,248,053 NFS 72 86 65 223 B $ 51.690 114,660 NLCS 88 94 93 275 B $ 37.000 162,853 NSIT 98 98 86 282 B $ 50.880 293,000 NSOL 84 99 95 278 A $ 130.880 781,500 NTAP 99 98 83 280 A $ 44.840 905,290 ODP 90 92 76 258 B $ 37.060 1,282,827 OMC 91 87 68 246 A $ 58.000 425,660 ORBKF 90 91 79 260 A $ 47.380 136,077 ORCL 97 96 93 286 A $ 43.130 8,062,484 OSI 72 93 68 233 B $ 30.000 340,147 OSSI 90 86 67 243 A $ 39.880 420,287 OSTE 70 98 89 257 A $ 46.500 124,720 PAYX 97 85 92 274 A $ 51.440 902,010 PBI 84 86 69 239 A $ 66.060 434,933 PE 78 91 88 257 B $ 41.750 601,613 PFE 87 86 78 251 A $ 125.000 2,705,130 PLCE 94 99 91 284 A $ 25.130 217,063 PLXS 91 96 84 271 B $ 33.880 133,437 PMS 90 90 75 255 B $ 50.500 174,320 PPD 97 89 67 253 A $ 33.000 129,310 PPDI 87 90 70 247 B $ 30.060 280,780 PRGS 78 93 93 264 B $ 33.750 146,563 PRGX 90 93 92 275 A $ 37.440 122,560 PSEM 87 97 84 268 B $ 10.810 159,147 PSSI 95 85 81 261 B $ 23.000 392,430 PVN 96 96 67 259 A $ 75.000 842,500 PZZA 99 85 67 251 A $ 44.130 168,627 RCL 89 87 66 242 A $ 37.000 516,367 RDHS 93 86 67 246 A $ 23.500 111,267 RESM 97 98 89 284 A $ 45.380 236,370 RGIS 85 89 80 254 B $ 40.000 87,300 RMBS 84 96 84 264 A $ 96.250 653,153 RX 90 87 95 272 A $ 75.440 440,980 SAI 95 93 67 255 A $ 82.000 838,533 SALT 99 98 74 271 A $ 25.630 79,747 SANM 97 97 84 278 A $ 62.500 1,068,317 SAPE 99 95 93 287 A $ 56.000 289,157 SBUX 97 88 67 252 B $ 56.130 1,070,400 SCAI 96 88 77 261 A $ 29.250 129,243 SCH 91 98 84 273 A $ 56.190 1,837,038 SDG 86 92 90 268 A $ 121.750 215,920 SDS 92 89 95 276 A $ 39.690 382,530 SDTI 71 92 78 241 B $ 23.000 1,913,363 SE 95 88 95 278 A $ 45.000 846,867 SEBL 99 92 93 284 A $ 33.940 1,184,653 SERO 92 90 70 252 A $ 30.000 109,150 SIPX 72 91 84 247 A $ 35.130 214,133 SLR 93 98 85 276 A $ 92.940 1,046,270 SLVN 97 85 63 245 A $ 30.500 908,603 SNPS 93 95 93 281 A $ 54.250 587,487 SNRZ 84 89 62 235 B $ 51.880 225,450 SONC 86 86 67 239 A $ 24.880 80,520 SORC 74 97 92 263 A $ 11.630 124,603 SPLS 98 96 76 270 B $ 43.690 2,288,643 SUIT 94 89 91 274 B $ 31.750 188,437 SUNW 94 97 93 284 A $ 85.630 7,474,854 SWY 95 92 92 279 A $ 60.940 1,358,333 SYK 88 90 90 268 A $ 55.060 164,833 SYKE 99 95 92 286 B $ 30.500 268,093 TGO 90 95 91 276 B $ 36.000 352,630 THQI 99 95 81 275 A $ 28.000 265,680 TIER 98 90 95 283 A $ 17.250 78,737 TJX 92 92 91 275 B $ 29.000 1,118,650 TLAB 98 88 74 260 A $ 68.560 2,957,943 TMPW 84 92 68 244 B $ 42.000 307,927 TOM 99 86 79 264 A $ 60.000 415,047 TSAI 96 89 77 262 A $ 50.000 148,353 TSG 70 90 66 226 A $ 44.500 96,810 UVSGA 93 92 83 268 A $ 23.630 131,473 VISX 78 98 71 247 A $ 87.440 315,433 VRTS 99 90 93 282 A $ 59.940 634,120 VSIO 98 86 93 277 A $ 36.560 302,163 VTSS 97 98 84 279 A $ 45.630 1,258,447 WAG 85 93 97 275 B $ 58.560 871,713 WCOM 81 95 91 267 B $ 71.750 10,045,600 WHIT 97 94 95 286 A $ 27.630 405,947 WMT 87 93 82 262 B $ 81.440 2,757,524 WPI 93 92 85 270 A $ 62.880 302,790 WSM 91 95 94 280 A $ 40.310 190,090 WTSLA 89 85 91 265 A $ 30.190 139,160 XIRC 76 98 87 261 A $ 34.000 516,507 XLSW 98 95 74 267 A $ 38.000 159,750 XOMD 99 93 90 282 B $ 32.000 107,315 XRX 87 86 69 242 B $ 118.000 945,443 YHOO 84 99 99 282 B $ 236.940 7,187,791 ZQK 95 95 79 269 B $ 30.000 102,647 - ------------------------------------------------------------------------------- From: "Oli" Subject: [CANSLIM] cogif & ibi. Date: 04 Jan 1999 01:53:49 -0500 Greetings. Here are a couple of stocks that are showing signs of breakout. Their canslim stats (a few days old) as per IBD (last letter is sponsorship) ibi 85 80 a a b b=20 cogif 93 98 a a a=20 I guess we are waiting for ibi to break through the 30 mark on volume. I am not sure how to interpret the minicup that has been forming in december, I do not think it qualifies as a handle (due to price & volume action). I guess however, it must be a bullish sign that at the bottom of that cup the volume is small compared to the right hand side of that cup. cogif is a small cap, which has been a handycap, but is emerging from a nice cup - NO HANDLE YET. I seem to recall WON always mentioning cups and handles are bases, never just cups. Am I correct on this..... ? Obviously the CANSLIM stats for these guys look very good, so what do you chart experts out there think about the charts ? Are these guys, from a charting standpoint, buys if we see a positive increase of a volume increase of 50% ? Oli. - ------------------------------------------------------------------------------- From: "Oli" Subject: [CANSLIM] chkpf : bogus or valid base ? Date: 04 Jan 1999 01:56:34 -0500 Greetings again. CHKPF was mentioned on this list the other day. It is a stock I have been watching for a while. It appears to have done some sort of a breakout thursday, with a 14% rise. However, I can not justify that the price pattern over the last months constitutes a valid base, at least not accoring to my reading of HTMMIS. The correction/bear market of late fall did of course affect the base formation; it probably made it look more v shape than otherwise would have happened. Do members take the correction into account when reading bases these days, and if so does CHKPF present a valid cup formation (again no handle), or is the pattern that CHKPF is exhibiting a non constructive base (I personally have a problem with the steep linear advance since the stock bottomed)...... Any comments welcome.... Oli. - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] SEEK Date: 04 Jan 1999 05:25:29 -0500 Final decision on SEEK. I was reading Elder's triple screen in the middle of the night. I have decided that I am out at 47.50. I put a stop sell. I also put a short sell limit order at 47.375. It is a limit order so if it is executed it will be at my price. If not it wont be. I purchased this stock on a purely internet emotional basis. As a result had to spend about half of Sunday deciding what to do about what I already bought instead of working on what I can buy. Had I used CANSLIM to start with I would not have been in that position. I like the triple screen and intend to use it as confirmation on CANSLIM purchases in the future. Hope this works. Charlie - ------------------------------------------------------------------------------- From: mglieske@us.ibm.com Subject: RE: [CANSLIM] Brooke Besser introduction Date: 03 Jan 1999 09:01:05 -0600 Welcome-- I am also a new subscriber and learning about CANSLIM. I asked the same question when I joined. So, I cut and pasted the great response I got back from DB. DB, I hope you do not mind me sharing this info. It was useful to me and thought I save you the time. Also, I just found the below internet site. Worth taking look. "http://www.growthstockanalytics.com/canslim.html" ======= Previous posting from DB ================ For financial information, go to http://www.stocksite.com/. If you select "Financials", you'll receive up to three years' earnings--basic, diluted and before charges (if you click "Income Statement"). The usual information such as institutional sponsorship, etc., is provided under Profile, Estimates, etc. If you want SQLY and/or rolling quarter percentage increases, you can easily set up formula blocks in a spreadsheet to do this for you. For screening, select Advanced Screening at http://www.dailystocks.com/. This is the only site I know of that allows you to screen not only for earnings increases but earnings acceleration as well. For RS, EPS, GRS, A/D and other information, go to http://members.aol.com/RANord/ All the EPS, RS, GRS, etc. numbers are there and it's all downloadable to Excel. You can sort and rearrange and track to your hearts' content. He updates the list once a week. or http://www.delphi.com/invest/ Regarding the latter, you must register, but it's free. Select Investor's Forum or "forum", then go to the CANSLIM list (this comprises the bulk of the discussion). Select the "Weekly Stock List" or "Top ERG List" or "Box 7 List" for stocks, or the "Weekly IBD Calculated Group RS List" for groups. http://www1.FreeEDGAR.com/home.htm This is like EDGAR, but faster, easier, and friendlier. If you've avoided SEC filings in the past, give it one more try. For charts, for percentage gainers in price and volume, and for stocks reaching new highs and lows (among other things), go to BigCharts (http://www.bigcharts.com/). If you're an intermediate-term investor, as I am, use the following settings: Time: YTD (then six-month and three-month, if you like) Frequency: Daily (or Weekly, if you prefer) Moving Averages: EMA(3-Line). Type in 17 or 20, 50, 200. Upper Indicators: None Lower Indicators: Volume+ Chart Style: Change "Chart Size" to "large". If you want it even larger, select "Print Chart" and "OK". Then you can print or not, as you prefer. Make these your defaults. You can change your settings, such as Time, as you wish, but as long as you don't save the changes, the default settings will remain as they are. What to do with all this information is the trick, but, at a minimum, all you need to know is contained within these sites. For keeping up with news, upgrades/downgrades, price movement, etc., you can't do better than a Yahoo portfolio, which is also free. But setting that up is a whole 'nother post, and the instructions at Yahoo are pretty clear. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ ========= End previous posting from DB ============== Regards, Mike L. ____________________________________________________________________ Michael G. Lieske / IBM Field Applications Engineer (847) 981-6458 t/l 788 - 6458 e-mail: mglieske@us.ibm.com ____________________________________________________________________ - ------------------------------------------------------------------------------- From: "Peter Newell" Subject: Re: [CANSLIM] chkpf : bogus or valid base ? Date: 04 Jan 1999 09:51:33 -0800 There is significant volume dry up but, I agree its going up to fast from a canslim point of view I'd wait for a valid base to form, note it may be short this stock is 99 94 AAA and a leader in the internet firewall group and ont the DOT index it's also a small cap. Peter Newell -----Original Message----- >Greetings again. >CHKPF was mentioned on this list the other day. It is a stock I have >been watching for a while. It appears to have done some sort of a breakout >thursday, with a 14% >rise. However, I can not >justify that the price pattern over the last months constitutes a valid >base, at least not >accoring to my reading of HTMMIS. The correction/bear market of late >fall did of course >affect the base formation; it probably made it look more v shape than >otherwise would have >happened. Do members take the correction into account when reading >bases these days, and if >so does CHKPF present a valid cup formation (again no handle), or is the >pattern that CHKPF is >exhibiting a non constructive base (I personally have a problem with the >steep linear advance since >the stock bottomed)...... Any comments welcome.... > >Oli. > > > > >- > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] WOW! Some impressive shakeouts Date: 04 Jan 1999 14:25:07 -0800 Boy did I get burned on some shakeouts today. I guess time will tell if they're true breakout failures but INSS and AEOS turned over and died today, at least intraday for INSS. Looks to me like a pettern is developing wherein my stops are just a hair too high on these "movements" - guess the VectorVest stop is being used by too many investors and that is becoming a target for the MM's with big institutional clients looking for cheap shares. If you don't believe this theory look at the 1-day chart for INSS and notice the huge spike in volume at the intraday low of 60, which is just below the VV stop. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: rolatzi Subject: Re: [CANSLIM] WOW! Some impressive shakeouts Date: 04 Jan 1999 16:04:16 -0800 (PST) Tim: What's the VV stop? Thanks? Ciao, Rolatzi ---Tim Fisher wrote: > > Boy did I get burned on some shakeouts today. I guess time will tell if they're > true breakout failures but INSS and AEOS turned over and died today, at least > intraday for INSS. Looks to me like a pettern is developing wherein my stops > are just a hair too high on these "movements" - guess the VectorVest stop is > being used by too many investors and that is becoming a target for the MM's > with big institutional clients looking for cheap shares. If you don't believe > this theory look at the 1-day chart for INSS and notice the huge spike in > volume at the intraday low of 60, which is just below the VV stop. > > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "anthony boone" Subject: [CANSLIM] 90 90 90 A A A Date: 05 Jan 1999 00:14:14 -0500 I saw the phrase "90 90 90 A A A" in a recent CANSLIM email. Anyone, care to explain what that should mean to a CANSLIMer? Anthony - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SEEK Date: 05 Jan 1999 05:22:42 GMT On Sun, 3 Jan 1999 16:23:30 -0500, you wrote: : I have been working on a decision on the fate of SEEK. I purchased it :wrong. I put in a limit order for 50 when the stock was slightly below = 50. :That got snapped up fast. : The 17 day EMA is around 47. The stock is just short of 50. I put my = stop :at 44. I have been reading and trying to teach myself charting. : Conclusions: No mater if it is weekly or daily in early Dec. the trend = line :got steeper. Still an up trend however. It broke below the trend line on= Dec :28th. I have been trying to use trend type indicators to see what is :happening. All the indicators I use MACD/histogram, ADX among others :indicate to me that this stock is on thin ice. : As Dr. Elder points out, emotion has to be out of it. I think it is I = would :like to keep the stock but I now have reservations. : I had considered putting the stop at 46.50 and Buy Short at 46.00. Of :course the problem is that if I am not at my computer to put the stop = for :the short back at about 47 I get whammed. I think I will pass on this :complicated maneuver. ETrade would make more on that than I do even if = it :works. : Guess I will wait till tomorrow morning to make my decision what to do. : Suggestions are welcome. : :Thanks :Charlie : InfoSEEK is almost controlled by Disney now, who have around a 40 - 45% ownership of shares. I think that Disney put in an offer of $50/share for SEEK, but I don't have the news story. SEEK had a long 6 months plus base from which it broke out in December pretty powerfully. If you are not out of SEEK now, I'd watch it closely and sell if it violates the 20 DMA on a closing basis. Personally, I think it's more likely to advance than decline at this point. A lot depends on the general condition on the markets, however. Dan - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] SEEK Date: 05 Jan 1999 05:11:48 -0500 Dan, I did get stopped out yesterday. I had the stop at the 17 day EMA. I too think this one is headed down a few more points. I am trying the short experiment. Probably will get my lunch eaten again. I like Dr. Elders entering and exit strategy (triple screen). I feel it is totally compatible with CANSLIM. Of course writing a good book is one thing. Having it work is another. Still it sounds reasonable so I am giving it a try. I believe the strategy is generally correct. Of course SEEK may not have read the book. Wish me luck Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Musicant > Sent: Tuesday, January 05, 1999 12:23 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] SEEK > > > On Sun, 3 Jan 1999 16:23:30 -0500, you wrote: > > : I have been working on a decision on the fate of SEEK. I > purchased it > :wrong. I put in a limit order for 50 when the stock was slightly > below 50. > :That got snapped up fast. > : The 17 day EMA is around 47. The stock is just short of 50. > I put my stop > :at 44. I have been reading and trying to teach myself charting. > : Conclusions: No mater if it is weekly or daily in early > Dec. the trend line > :got steeper. Still an up trend however. It broke below the trend > line on Dec > :28th. I have been trying to use trend type indicators to see what is > :happening. All the indicators I use MACD/histogram, ADX among others > :indicate to me that this stock is on thin ice. > : As Dr. Elder points out, emotion has to be out of it. I > think it is I would > :like to keep the stock but I now have reservations. > : I had considered putting the stop at 46.50 and Buy Short at > 46.00. Of > :course the problem is that if I am not at my computer to put the stop for > :the short back at about 47 I get whammed. I think I will pass on this > :complicated maneuver. ETrade would make more on that than I do even if it > :works. > : Guess I will wait till tomorrow morning to make my decision > what to do. > : Suggestions are welcome. > : > :Thanks > :Charlie > : > > InfoSEEK is almost controlled by Disney now, who have around a 40 - 45% > ownership of shares. I think that Disney put in an offer of $50/share > for SEEK, but I don't have the news story. SEEK had a long 6 months plus > base from which it broke out in December pretty powerfully. If you are > not out of SEEK now, I'd watch it closely and sell if it violates the 20 > DMA on a closing basis. Personally, I think it's more likely to advance > than decline at this point. A lot depends on the general condition on > the markets, however. > > Dan > > > - > > - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] SEEK Date: 05 Jan 1999 06:56:26 -0500 Hi Charlie, Assuming an intermediate-term investing horizon, Elder's Triple Screen would have had you start looking to exit SEEK back in November, with a clear sell signal in the fourth week of December. I combine Elder with Canslim. I go long Canslim stocks that are also good technical buys according to triple screen, and the other technical analysis that Elder goes through (most of it classic TA). Be careful shorting this one. You are shorting internet. I would not short a stock because of Triple Screen alone. Walter Charles Cangialosi wrote: > Dan, > I did get stopped out yesterday. I had the stop at the 17 day EMA. I too > think this one is headed down a few more points. I am trying the short > experiment. Probably will get my lunch eaten again. > I like Dr. Elders entering and exit strategy (triple screen). I feel it is > totally compatible with CANSLIM. Of course writing a good book is one thing. > Having it work is another. Still it sounds reasonable so I am giving it a > try. I believe the strategy is generally correct. Of course SEEK may not > have read the book. > > Wish me luck > Charlie - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] My CANSLIM subscription was terminated?? Date: 05 Jan 1999 05:29:16 GMT Hi Jeff, I have been subscribed to the CANSLIM list for almost 2 years. I stopped getting posts on 1/2/99, and have no idea why. I did not cancel or send anything to the server. I attempted to get a list of the subscribers today but failed (I haven't looked into why), but figured it might be easiest to resubscribe, which is what I did. Obviously, this shouldn't be necessary. Can you tell me what may have happened. Thanks. Dan Musicant - ------------------------------------------------------------------------------- From: "Jeff Salisbury" Subject: Re: [CANSLIM] My CANSLIM subscription was terminated?? Date: 05 Jan 1999 06:06:37 -0700 Dan, I don't know what happened... What commonly happens is that subscribers' addresses begin bouncing (a large percentage of my time is spent dealing with bouncing email). When this happens, I remove the address from the canslim list and put it on a temporary "bounces" list. People on this list receive a notice once a day for 90 days before they are removed from the bounces list. I keep track of anyone who has ever been on the bounces list. There is no record of you being put on the bounce list. So, I don't know what happened. Please let me know if you get unsubscribed again. Jeff - ------------------------------------------------------------------------------- From: "Thomas A. Moulton" Subject: Re: [CANSLIM] SEEK Date: 05 Jan 1999 08:33:12 -0500 Also remember that many brokerage houses have reduced the margin allowed for Internet stocks. Some have moved from 100% down to 25% and others are not marginable at all due t high volatility. This varies from house to house. tom m -----Original Message----- >Hi Charlie, > >Assuming an intermediate-term investing horizon, Elder's Triple Screen >would have had you start looking to exit SEEK back in November, with >a clear sell signal in the fourth week of December. > >I combine Elder with Canslim. I go long Canslim stocks that are also good >technical buys according to triple screen, and the other technical analysis that >Elder goes through (most of it classic TA). > >Be careful shorting this one. You are shorting internet. I would not >short a stock because of Triple Screen alone. > >Walter > > >Charles Cangialosi wrote: > >> Dan, >> I did get stopped out yesterday. I had the stop at the 17 day EMA. I too >> think this one is headed down a few more points. I am trying the short >> experiment. Probably will get my lunch eaten again. >> I like Dr. Elders entering and exit strategy (triple screen). I feel it is >> totally compatible with CANSLIM. Of course writing a good book is one thing. >> Having it work is another. Still it sounds reasonable so I am giving it a >> try. I believe the strategy is generally correct. Of course SEEK may not >> have read the book. >> >> Wish me luck >> Charlie > > > > >- - ------------------------------------------------------------------------------- From: dbphoenix Subject: RE: [CANSLIM] Brooke Besser introduction Date: 05 Jan 1999 05:47:03 -0800 (PST) <> Not at all. I had forgotten about it. I'm glad you found it useful. I should file it away somewhere. One of the delphi contributors, Ron Russell, now provides his spreadsheet to us directly, so that saves some time. Otherwise, the information is still all good. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] My CANSLIM subscription was terminated?? Date: 05 Jan 1999 15:21:36 GMT On Tue, 5 Jan 1999 06:06:37 -0700, you wrote: :Dan, : :I don't know what happened... What commonly happens is that = subscribers' :addresses begin bouncing (a large percentage of my time is spent dealing :with bouncing email). When this happens, I remove the address from the=20 :canslim list and put it on a temporary "bounces" list. People on this = list :receive a notice once a day for 90 days before they are removed from the :bounces list. I keep track of anyone who has ever been on the bounces = list. :There is no record of you being put on the bounce list. So, I don't :know what happened. Please let me know if you get unsubscribed again. : :Jeff : All I can think of, Jeff, is that I subscribed my cousin Mark a couple of months ago and he may have unsubscribed. His address is: musicant@silcom.com I wouldn't think that would get me unsubscribed though. Well, I'm OK now, presumably because I subscribed again. Thanks for the reply, the help, and the great list! Good success and happiness to you in the new year! Dan - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] WOW! Some impressive shakeouts Date: 04 Jan 1999 22:05:44 -0800 VectorVest.com. They give out free analysis which includes the only free stop reccomendations I can find on the net. I even lowered my stop from their reccomended level on INSS to be about halfway to the 30d EMA but to no avail. Anyway it's just sour grapes cause I took a 20% profit and WON says to never let a 20% profit turn into a loss. So with this rule I would be out anyway. Intraday that is. AEOS did close at my stop so I would have had to sell it tomorrow morning anyway even if I had a soft stop. I lost 10% on that one. What I was looking for is a reaction to today's market which seemed like compression to me esp. in recent breakouts. Guess this list is dead except for you and me today. At 04:04 PM 1/4/99 -0800, you wrote: >Tim: > >What's the VV stop? Thanks? >Ciao, >Rolatzi > >---Tim Fisher wrote: >> >> Boy did I get burned on some shakeouts today. I guess time will tell >if they're >> true breakout failures but INSS and AEOS turned over and died today, >at least >> intraday for INSS. Looks to me like a pettern is developing wherein >my stops >> are just a hair too high on these "movements" - guess the VectorVest >stop is >> being used by too many investors and that is becoming a target for >the MM's >> with big institutional clients looking for cheap shares. If you >don't believe >> this theory look at the 1-day chart for INSS and notice the huge >spike in >> volume at the intraday low of 60, which is just below the VV stop. >> >> >> Tim Fisher >> Ore-Rock-On and Pacific Fishery Biologists WWW Sites >> >> Tim@OreRockOn.com >> WWW: http://OreRockOn.com >> See naked fish and rocks! >> >> - >> >> > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] SEEK Date: 05 Jan 1999 12:04:45 -0500 Walt, I know I missed the boat on this one. I just purchased it wrong. Fortunately the loss was minimal, another tuition payment. I am nervous about the short too. I have a tight buy to cover stop on it if it goes against me. It is lower today, I am thinking it is churning around, going through distribution. It seems to be going counter to the other internet stocks. In my totally limited experience I think CANSLIM and Elder's triple screen are a perfect match as far as validating what I might think is happening with a stock. Of course WON would point out what I think or what I may want does not matter to the market. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Walter Stock > Sent: Tuesday, January 05, 1999 6:56 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] SEEK > > > Hi Charlie, > > Assuming an intermediate-term investing horizon, Elder's Triple Screen > would have had you start looking to exit SEEK back in November, with > a clear sell signal in the fourth week of December. > > I combine Elder with Canslim. I go long Canslim stocks that are also good > technical buys according to triple screen, and the other > technical analysis that > Elder goes through (most of it classic TA). > > Be careful shorting this one. You are shorting internet. I would not > short a stock because of Triple Screen alone. > > Walter > > > Charles Cangialosi wrote: > > > Dan, > > I did get stopped out yesterday. I had the stop at the > 17 day EMA. I too > > think this one is headed down a few more points. I am trying the short > > experiment. Probably will get my lunch eaten again. > > I like Dr. Elders entering and exit strategy (triple > screen). I feel it is > > totally compatible with CANSLIM. Of course writing a good book > is one thing. > > Having it work is another. Still it sounds reasonable so I am > giving it a > > try. I believe the strategy is generally correct. Of course SEEK may not > > have read the book. > > > > Wish me luck > > Charlie > > > > > - > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: Calculating EPS percentile ranking Date: 05 Jan 1999 21:09:36 -0500 From WON's Daily Graphs Online - the straight scoop. Guess this is a protection against enormous percentage gains on stocks just entering profitability. Doesn't seem fair, but what can you do? Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Hi Tom, Thank you for your recent email to Daily Graphs Online. In response to your question, our head programmer informed me that the statement made to you is NOT true. He indicated that there is a limit of 100% increase if either quarter is less than .11, otherwise, the cap is 300% if both quarters are greater than or equal to .11. I hope that this answers your question. Please let me know if you require additional clarification. Best regards, Dan Daily Graphs Online -----Original Message----- Sent: Saturday, January 02, 1999 3:56 AM Good morning, Got a technical question to ask. I realize that the calculation of the EPS rank percentile is a proprietary formula, so I am not asking you for the actual formula. However, one member of my online CANSLIM discussion group is stating to the members that in performing this calculation, only earnings growth of 100% max year to year are taken into account. In other words, a company with earnings growth of 110% year to year and another with growth of 300% would be each treated in the formula calculations as if the growth was only 100%. Can you confirm or deny this?? If true, it's news to me, and if false would like to inform the 700 or so members so they don't take it as correct info. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: Eatstock@aol.com Subject: Re: [CANSLIM] Index - Calculating Date: 05 Jan 1999 22:23:32 EST Could some one please help me with this question? are indexes weighted based on outstanding shares? I mean, the DOW for example, if a stock splits does that price drop (not taking into account twice as many shares) show in the dow or is it adjusted for the shares, and therefore the Index goes unchanged. If someone knows the logistics, that would be much appreciated Something I have been toying with.. Thanks Chris - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Index - Calculating Date: 05 Jan 1999 22:58:12 -0500 At 22:23 1/5/99 EST, Eatstock@aol.com wrote: >Could some one please help me with this question? > >are indexes weighted based on outstanding shares? Yes. > I mean, the DOW for >example, if a stock splits does that price drop (not taking into account twice >as many shares) show in the dow or is it adjusted for the shares, and >therefore the Index goes unchanged. The Index goes unchanged as the divisor is recomputed based on the new distributions of capitalization. When this happens, Barrons weekly publishes the new divisor. Other publications may also publish the new divisor, I can't say which ones. The current published divisors are 0.24275214, 0.24084679, 2.0859524 and 1.2674905 for the DJ Industrials, Transportation, Utility and Composite averages. > If someone knows the logistics, that >would be much appreciated > >Something I have been toying with.. > >Thanks >Chris > Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Index - Calculating Date: 05 Jan 1999 21:01:57 -0800 Date sent: Tue, 5 Jan 1999 22:23:32 EST > are indexes weighted based on outstanding shares? I mean, the DOW for > example, if a stock splits does that price drop (not taking into account twice I know very little about this, except that the Dow is price weighted, and the S&P is cap weighted. If a stock splits, there is a multiplier for the Dow calculation that is used, and it is adjusted. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] market predections Date: 05 Jan 1999 21:04:08 -0800 Someone who uses cycles in a pretty sophisticated manner has a market analysis at - http://www.sciapp.com/tradelab/fft.html - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Technical Stuff [Connie Mack] Date: 06 Jan 1999 08:54:17 -0500 For those still holding MU, you would not be remiss to take some margin of your profit. I sold 1/3 of my position at yesterday's close. I will sell another 1/3 if MU reaches its most recent high, which is now its overhead resistance. I will, however, be ready to re-buy MU after I have seen its first 30 minute action. There is not much distance between yesterday's close and the recent high. Trade carefully. The most difficult move for a trader is to repurchase a position sold only a few hours earlier. I will be looking closely at AMD. Its MF is not positively divergent, but nevertheless strong; OBV is, however, positively divergent. AMD is one of those stocks on which I am relaxing my OBV/MF criteria. I have traded the stock for the past three months and just have a feel for its action. Be careful about entering market orders. You can receive a flat-line surprise at elevated fills. Too, I have been watching ADPT and will try to initiate a modest position. Remember that the most sophisticated trader/investor usually does not make his move until he has looked at the opening minutes of trading. Greed is the superlative leveller. Don't concern yourself about getting in at the bottom or out at the top, which is a metaphor for don't be greedy. The real money is made by taking pieces out of the wide middle. Now is an opportune time to look at those stocks that haven't performed as you had hoped. Ease out of them and look for better rides even if you've none in mind. Have some cash on hand. Connie - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re: [CANSLIM] SEEK Date: 06 Jan 1999 06:33:57 -0800 (PST) <> SEEK is a good example of why I believe Elder must be combined with overall pattern in order to get the best out of the trade (I went into all this last spring during the triple screen discussion). There were several places to buy in Sept/Oct (that were also very non-CS), but when the MACD-H crossed the 0 line, it was worth noting that the stock was riding its 17d. On my site and elsewhere, I've suggested using the 17d or a 10-15% drop (whichever is less) as a stop on profitable trades. Applied here, that would have kept one in the stock until it rolled over in December. At that time, it not only declined more than 15%, but also broke below its 17d. It may recover, but that's beside the point. If one adopts these rules, he sells and asks questions later. I've used the MACDw for a long time, but if the pattern's not there, I don't buy on the basis of MACD alone. Demand and supply still rule. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 12:05:03 -0500 As I said I blew it on the purchase on this one. I tried to short it so if it went down a little I could get a little money back. Guess what. I just got to make another tuition payment. This was not a very financially devastating deal. I had tight stops and practiced good asset management (means I loss less then I could have). I dont know if this is so, I read your Demand/Supply again last night and got very suspicious about SEEK as far as accumulation. I will post on your sight regarding that. What really bothers me is that I have not been a very big participant in this bull market or phase. Just like the guy in "How I made 2M in Stocks" He made the comment at the beginning that he came out of the biggest bull market in history with next to nothing. If the market is never wrong. So far I am always wrong. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of dbphoenix > Sent: Wednesday, January 06, 1999 9:34 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] SEEK > > > > > < would have had you start looking to exit SEEK back in November, with > a clear sell signal in the fourth week of December. > > I combine Elder with Canslim. I go long Canslim stocks that are also > good > technical buys according to triple screen, and the other technical > analysis that Elder goes through (most of it classic TA).>> > > SEEK is a good example of why I believe Elder must be combined with > overall pattern in order to get the best out of the trade (I went into > all this last spring during the triple screen discussion). There were > several places to buy in Sept/Oct (that were also very non-CS), but > when the MACD-H crossed the 0 line, it was worth noting that the stock > was riding its 17d. On my site and elsewhere, I've suggested using > the 17d or a 10-15% drop (whichever is less) as a stop on profitable > trades. Applied here, that would have kept one in the stock until it > rolled over in December. At that time, it not only declined more than > 15%, but also broke below its 17d. It may recover, but that's beside > the point. If one adopts these rules, he sells and asks questions > later. > > I've used the MACDw for a long time, but if the pattern's not there, I > don't buy on the basis of MACD alone. Demand and supply still rule. > > --Db > > > == > > "Lessons are repeated until they are learned." > http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: Quan Tran Subject: [CANSLIM] Newbie question Date: 06 Jan 1999 10:06:44 -0800 Hi all, I am new to CANSLIM and also new to this list. The reason I am lurking on this list is wanting to learn more about CANSLIM. Please, excuse the very newbie question. I see many thread refer to Dr. Elder's Triple Screen and his book. Searching for Elder on Amazon show a book titled "Trading for a Living : Psychology, Trading Tactics, Money Management" ISBN 0471592242 Is this THE book? Regards, Quan Tran qt@qware.com - ------------------------------------------------------------------------------- From: David Reid Subject: Re: [CANSLIM] SEEK Date: 06 Jan 1999 13:28:43 -0800 charles that is the reason I leave the vast majority of my money in mutual funds.That way I wont miss the big moves of the market . I use a little play money to trade with. Charles Cangialosi wrote: > As I said I blew it on the purchase on this one. I tried to short it so if > it went down a little I could get a little money back. Guess what. I just > got to make another tuition payment. This was not a very financially > devastating deal. I had tight stops and practiced good asset management > (means I loss less then I could have). > I dont know if this is so, I read your Demand/Supply again last night and > got very suspicious about SEEK as far as accumulation. I will post on your > sight regarding that. > What really bothers me is that I have not been a very big participant in > this bull market or phase. Just like the guy in "How I made 2M in Stocks" > He made the comment at the beginning that he came out of the biggest bull > market in history with next to nothing. > If the market is never wrong. So far I am always wrong. > > Charlie > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of dbphoenix > > Sent: Wednesday, January 06, 1999 9:34 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] SEEK > > > > > > > > > > < > would have had you start looking to exit SEEK back in November, with > > a clear sell signal in the fourth week of December. > > > > I combine Elder with Canslim. I go long Canslim stocks that are also > > good > > technical buys according to triple screen, and the other technical > > analysis that Elder goes through (most of it classic TA).>> > > > > SEEK is a good example of why I believe Elder must be combined with > > overall pattern in order to get the best out of the trade (I went into > > all this last spring during the triple screen discussion). There were > > several places to buy in Sept/Oct (that were also very non-CS), but > > when the MACD-H crossed the 0 line, it was worth noting that the stock > > was riding its 17d. On my site and elsewhere, I've suggested using > > the 17d or a 10-15% drop (whichever is less) as a stop on profitable > > trades. Applied here, that would have kept one in the stock until it > > rolled over in December. At that time, it not only declined more than > > 15%, but also broke below its 17d. It may recover, but that's beside > > the point. If one adopts these rules, he sells and asks questions > > later. > > > > I've used the MACDw for a long time, but if the pattern's not there, I > > don't buy on the basis of MACD alone. Demand and supply still rule. > > > > --Db > > > > > > == > > > > "Lessons are repeated until they are learned." > > > http://home.talkcity.com//MoneySt/dbphoenix/ > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - > > - - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] Newbie question Date: 06 Jan 1999 11:43:29 -0700 > -----Original Message----- > From: Quan Tran [SMTP:qt@qware.com] > Sent: Wednesday, January 06, 1999 11:07 AM > I am new to CANSLIM and also new to this list. The reason I am > lurking on this list is wanting to learn more about CANSLIM. > Please, excuse the very newbie question. > > I see many thread refer to Dr. Elder's Triple Screen and his book. > Searching for Elder on Amazon show a book titled "Trading for a > Living : Psychology, Trading Tactics, Money Management" > ISBN 0471592242 > > Is this THE book? > [Wahl, Patrick] THat is the book everyone is referring to, but I think there are other books you should read first. A few I would read first are - How to make money in stocks - w. o'neil How I made 2 million dollars in the stock market - Nicholas Darvas One up on Wall Street - Peter Lynch Reminiscences of a Stock Operator - Edwin Lefevre - ------------------------------------------------------------------------------- From: Craig Griffin Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 14:05:45 -0500 Charlie, A couple of lessons I have learned (the hard way) struck me in your post. 1. Don't get emotionally attached to a stock. Just because you entered it and lost money ... or made money ... don't get attached. Learn how to develop "fresh eyes". Look at the stock new - as though it is a different chart for a new company. Now what would you do? 2. Don't ever try to make back money lost, whether in the same stock or another. Also - don't worry about lost opportunities (ie. not participating to the level you think you should in the profits of this market, or missing a breakout, or selling on a stop and then seeing the stock turn and run back up). None of those things matter. Easy for me to say, right? But, seriously, they don't. I look at it as: look at all of the opportunities I missed over the last 10 years. Heck if I had owned the very best stocks and bought them all at the very best moment and held them for the optimum number of years, I would have a bazillion dollars. So forget it. Start fresh. Get into the Zen of the market. Start trying to hit some singles. That is, learn the system and try to execute your trades exactly right. When one of them doesn't work try to look back and see what you did wrong by marking your buy and sell on a chart a few weeks later. Did you buy close to the pivot point? Did you sell at your stop or did you get shaken out on a pullback that never came close to your stop because it was fast or sudden? Did you sell too early without giving the stock enough room to breath? Now to your specific trading errors on SEEK (ala CANSLIM - if daytrading, you are in a whole other ballgame - and for most people, the wrong one because it is so hard to do successfully - Connie and Johan being exceptions). So - to review SEEK. The buy point (pivot point) is at 39 1/4 (highest point in the handle was 39 1/8). If you do not see the handle on the chart, you are not ready yet and need more chart reading experience. Here is the base: * begins 04/16/98 at the old high of 45. * bases for months with resistance showing up at about 39 (see the dates 06/18, 07/02, 07/03, 07/06, 11/09, 11/10, 11/18, 11/30). * net stocks are VERY volatile so whereas a normal base is 20-40% from top to bottom with a handle (if there is one) of no more than 10% top to bottom, SEEK's base is 100% with a handle of 20% top to bottom. * SEEK's "handle" begins on 11/09 and ends on 12/07. * I know it ends on 12/07 because the next day it breaks out - you had to be watching it and catch it that day to buy it correctly. If you do not buy correctly, then all of the other rules and safeguards of CANSLIM go out the window and you are uncharted water. Stocks rarely drop more than 8% from your buy point when bought correctly and this protects you. This is another way of saying that stocks rarely dip back into the base by more than 3 or 4% after a valid breakout. So - if you buy the stock within 5% of the top of the base you are pretty safe. This means that with the pivot point for SEEK at 39 1/4 (the top of the handle). Ideally you must buy within 5% of that number (max 10%). 39.25 X 1.05 = 41.21 and 39.25 X 1.10 = 43.175. So even if you wanted to stretch it 43 1/4 is your highest buy. If you did stretch it and set your stop at the top of the handle (39 1/4) on a closing basis, then your max loss is 10%. But wait a minute you say, the stock advanced 22% or so on the breakout day. How could I catch it within 10%? Answer: 1) have a watch list of 10 stocks with good bases that you want to own and which have good CS characteristics, 2) watch them by checking quotes 3 times daily or have a paging service such as http://www.datalink.net/ notify you (about $35 monthly) or get an email service to do it or use a broker that accepts buy stop orders for NASDAQ stocks and NYSE, 3) wait for a pullback, often they do give you a second chance to buy (just as those who chased it too high are getting stopped out - look at SEEK after the breakout to see this happening on the chart - 12/10, 12/11, and 12/14). If you bought SEEK higher than 43 1/4 then you are almost assured of failure. You MUST be able to read the chart and see that this is the buy point by second nature. Also note, without the volume on 12/08 - you do not have a valid breakout (and buying on pullbacks is very dangerous). Remember, each day you can look at a base that is longer than 8 weeks and point out to yourself where the stock must go to breakout. If you had been watching SEEK on 10/23/98 to choose a date and only had the chart up till then, you would have said to yourself, "the chart is not yet fleshed out, but I can see that to breakout SEEK will need to trade in the area somewhere between 39 and 45". You could also predict that there would probably be some price action close to or within this area for at least a week or two before the actual breakout occurred. A month later on 11/23 it was pretty clear that 39 was resistance and that a breach of that level on good volume (150%+ of ADV) would be the trigger. As to shorting SEEK, a few don'ts: 1) don't short stocks in a bull market 2) don't short stocks in an uptrend (with the 50dma pointing up) 3) don't short stocks based on valuation (leaders generally seem too expensive by traditional measures). Best Regards, Craig PS. Take your time. Find some good bases on stocks with good CS fundamentals. Put them on a watch list. Buy some of one on a breakout at the right point. Then sit with it a few days. Once you are ahead and get the feeling that the stock is doing ok, maybe buy another one. Keep a wary eye on the market for any sell signals. Plan on holding your stocks for 20-30% gains and assume it could take months, and then decide whether to take some (and let the rest ride through the basing period as a long term hold) or all of your profits. That is Canslim. Fast money in the internets has got a lot of people's vision out of whack. Don't daytrade. Don't overtrade. Don't get attached. Look for the best of the best. - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SEEK Date: 06 Jan 1999 19:11:40 GMT On Wed, 6 Jan 1999 12:05:03 -0500, you wrote: : :As I said I blew it on the purchase on this one. I tried to short it so = if :it went down a little I could get a little money back. Guess what. I = just :got to make another tuition payment. This was not a very financially :devastating deal. I had tight stops and practiced good asset management :(means I loss less then I could have). :I dont know if this is so, I read your Demand/Supply again last night = and :got very suspicious about SEEK as far as accumulation. I will post on = your :sight regarding that. :What really bothers me is that I have not been a very big participant in :this bull market or phase. Just like the guy in "How I made 2M in = Stocks" :He made the comment at the beginning that he came out of the biggest = bull :market in history with next to nothing. :If the market is never wrong. So far I am always wrong. : :Charlie Hang in there, Charlie. I know the feeling, believe me.=20 Dan : :> -----Original Message----- :> From: owner-canslim@lists.xmission.com :> [mailto:owner-canslim@lists.xmission.com]On Behalf Of dbphoenix :> Sent: Wednesday, January 06, 1999 9:34 AM :> To: canslim@lists.xmission.com :> Subject: Re: [CANSLIM] SEEK :> :> :> :> :> < would have had you start looking to exit SEEK back in November, with :> a clear sell signal in the fourth week of December. :> :> I combine Elder with Canslim. I go long Canslim stocks that are also :> good :> technical buys according to triple screen, and the other technical :> analysis that Elder goes through (most of it classic TA).>> :> :> SEEK is a good example of why I believe Elder must be combined with :> overall pattern in order to get the best out of the trade (I went into :> all this last spring during the triple screen discussion). There were :> several places to buy in Sept/Oct (that were also very non-CS), but :> when the MACD-H crossed the 0 line, it was worth noting that the stock :> was riding its 17d. On my site and elsewhere, I've suggested using :> the 17d or a 10-15% drop (whichever is less) as a stop on profitable :> trades. Applied here, that would have kept one in the stock until it :> rolled over in December. At that time, it not only declined more than :> 15%, but also broke below its 17d. It may recover, but that's beside :> the point. If one adopts these rules, he sells and asks questions :> later. :> :> I've used the MACDw for a long time, but if the pattern's not there, I :> don't buy on the basis of MACD alone. Demand and supply still rule. :> :> --Db :> :> :> =3D=3D :> :> "Lessons are repeated until they are learned." :> :http://home.talkcity.com//MoneySt/dbphoenix/ : : : :_________________________________________________________ :DO YOU YAHOO!? :Get your free @yahoo.com address at http://mail.yahoo.com : : :- : : : :- - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 14:36:43 -0500 Craig, That was a great response. If there are any other less vocal newbies out there, read it. This is print out and study material. I fully intend to go back through each date you outlined and look it over. Thanks again for the help. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Craig Griffin > Sent: Wednesday, January 06, 1999 2:06 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] SEEK > > > Charlie, > > A couple of lessons I have learned (the hard way) struck me in your post. > > 1. Don't get emotionally attached to a stock. Just because you entered it > and lost money ... or made money ... don't get attached. Learn how to > develop "fresh eyes". Look at the stock new - as though it is a different > chart for a new company. Now what would you do? > > 2. Don't ever try to make back money lost, whether in the same stock or > another. Also - don't worry about lost opportunities (ie. not > participating to the level you think you should in the profits of this > market, or missing a breakout, or selling on a stop and then seeing the > stock turn and run back up). None of those things matter. Easy for me to > say, right? But, seriously, they don't. I look at it as: look at all of > the opportunities I missed over the last 10 years. Heck if I had > owned the > very best stocks and bought them all at the very best moment and held them > for the optimum number of years, I would have a bazillion dollars. So > forget it. Start fresh. Get into the Zen of the market. > > Start trying to hit some singles. That is, learn the system and try to > execute your trades exactly right. When one of them doesn't work try to > look back and see what you did wrong by marking your buy and sell on a > chart a few weeks later. Did you buy close to the pivot point? Did you > sell at your stop or did you get shaken out on a pullback that never came > close to your stop because it was fast or sudden? Did you sell too early > without giving the stock enough room to breath? > > Now to your specific trading errors on SEEK (ala CANSLIM - if daytrading, > you are in a whole other ballgame - and for most people, the wrong one > because it is so hard to do successfully - Connie and Johan being > exceptions). > > So - to review SEEK. The buy point (pivot point) is at 39 1/4 (highest > point in the handle was 39 1/8). If you do not see the handle on the > chart, you are not ready yet and need more chart reading experience. Here > is the base: > * begins 04/16/98 at the old high of 45. > * bases for months with resistance showing up at about 39 > (see the dates 06/18, 07/02, 07/03, 07/06, 11/09, 11/10, 11/18, 11/30). > * net stocks are VERY volatile so whereas a normal base is 20-40% from top > to bottom with a handle (if there is one) of no more than 10% top to > bottom, SEEK's base is 100% with a handle of 20% top to bottom. > * SEEK's "handle" begins on 11/09 and ends on 12/07. > * I know it ends on 12/07 because the next day it breaks out - you had to > be watching it and catch it that day to buy it correctly. If you do not > buy correctly, then all of the other rules and safeguards of > CANSLIM go out > the window and you are uncharted water. Stocks rarely drop more than 8% > from your buy point when bought correctly and this protects you. This is > another way of saying that stocks rarely dip back into the base by more > than 3 or 4% after a valid breakout. So - if you buy the stock within 5% > of the top of the base you are pretty safe. This means that with > the pivot > point for SEEK at 39 1/4 (the top of the handle). Ideally you must buy > within 5% of that number (max 10%). 39.25 X 1.05 = 41.21 and 39.25 X 1.10 > = 43.175. So even if you wanted to stretch it 43 1/4 is your highest buy. > If you did stretch it and set your stop at the top of the handle (39 1/4) > on a closing basis, then your max loss is 10%. > > But wait a minute you say, the stock advanced 22% or so on the breakout > day. How could I catch it within 10%? > Answer: 1) have a watch list of 10 stocks with good bases that you want to > own and which have good CS characteristics, > 2) watch them by checking quotes 3 times daily or have a paging service > such as http://www.datalink.net/ notify you (about $35 monthly) or get an > email service to do it or use a broker that accepts buy stop orders for > NASDAQ stocks and NYSE, > 3) wait for a pullback, often they do give you a second chance to > buy (just > as those who chased it too high are getting stopped out - look at SEEK > after the breakout to see this happening on the chart - 12/10, 12/11, and > 12/14). > > If you bought SEEK higher than 43 1/4 then you are almost assured of > failure. You MUST be able to read the chart and see that this is the buy > point by second nature. Also note, without the volume on 12/08 - > you do not > have a valid breakout (and buying on pullbacks is very dangerous). > > Remember, each day you can look at a base that is longer than 8 weeks and > point out to yourself where the stock must go to breakout. If > you had been > watching SEEK on 10/23/98 to choose a date and only had the chart up till > then, you would have said to yourself, "the chart is not yet fleshed out, > but I can see that to breakout SEEK will need to trade in the area > somewhere between 39 and 45". You could also predict that there would > probably be some price action close to or within this area for at least a > week or two before the actual breakout occurred. A month later > on 11/23 it > was pretty clear that 39 was resistance and that a breach of that level on > good volume (150%+ of ADV) would be the trigger. > > As to shorting SEEK, a few don'ts: > 1) don't short stocks in a bull market > 2) don't short stocks in an uptrend (with the 50dma pointing up) > 3) don't short stocks based on valuation (leaders generally seem too > expensive by traditional measures). > > Best Regards, > Craig > > PS. Take your time. Find some good bases on stocks with good CS > fundamentals. Put them on a watch list. Buy some of one on a breakout at > the right point. Then sit with it a few days. Once you are ahead and get > the feeling that the stock is doing ok, maybe buy another one. > Keep a wary > eye on the market for any sell signals. Plan on holding your stocks for > 20-30% gains and assume it could take months, and then decide whether to > take some (and let the rest ride through the basing period as a long term > hold) or all of your profits. That is Canslim. Fast money in the > internets has got a lot of people's vision out of whack. Don't daytrade. > Don't overtrade. Don't get attached. Look for the best of the best. > > > - > - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 20:38:40 +0100 Charlie, Craig wrote: >3) don't short stocks based on valuation (leaders generally seem too >expensive by traditional measures). Prime example: AMZN. Herds of shorters getting killed by AMZN(s) time and time again. Johan - ------------------------------------------------------------------------------- From: "Tony Austin" Subject: Re: [CANSLIM] SEEK Date: 06 Jan 1999 14:43:35 -0500 >>3) don't short stocks based on valuation (leaders generally seem too >>expensive by traditional measures). >Prime example: AMZN. >Herds of shorters getting killed by AMZN(s) time and time again. >Johan In general, it is good practice to short with the market. The particulars of an issue are important, of course, but when the market decides to correct, thats the time to short. You seldom win trying to argue with the market. ______________________________ Tony Austin email me at tony@radixinc.com send me a note via icq at 14719809 You can get icq at http://icq.com/ > >>3) don't short stocks based on valuation (leaders generally seem too >>expensive by traditional measures). > >Prime example: AMZN. > >Herds of shorters getting killed by AMZN(s) time and time again. > > > >Johan > > > > > > >- > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 14:50:45 -0500 It was a failed experiment. Lesson learned Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Johan Van Houtven > Sent: Wednesday, January 06, 1999 2:39 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] SEEK > > > Charlie, > > Craig wrote: > > >3) don't short stocks based on valuation (leaders generally seem too > >expensive by traditional measures). > > Prime example: AMZN. > > Herds of shorters getting killed by AMZN(s) time and time again. > > > > Johan > > > > > > > - > > - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] -[Off Topic] Internet stocks Date: 06 Jan 1999 17:46:56 -0500 Yes, they are too volatile. Yes, they have no earnings (mostly). Certainly, not Canslim in its pure form with C and A. But, they are Leaders. So one should be aware and perhaps participate ... With that in mind, here is a summary of ideas by Steve Harmon. At the same time, beware of "tulip mania" ;^) http://isdex.yahoo.com/isdex/morning.html - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] AMZN Lemonade Stand Analysis Date: 06 Jan 1999 18:05:51 -0500 This was posted on Misc.Invest.Stocks by someone named alex@cts.com (Stev= e Alexander). =20 Common Stock 15,810 million shares at $124.50 =3D $19.7 billion market = cap FOR THE PERIOD NINE MONTHS ENDED SEPTEMBER 30, 1998, and prior years 1998 1997 1996 = 1995 OPERATIONS: Net sales........................ 153,698 147,758 15,746 511 Cost of sales............... 118,823 118,945 12,287 409 Gross profit............. 34,875 28,813 3,459 102 Operating expenses: 76,381 58,022 9,438 406 Loss from operations... (41,506) (29,209) (5,979) (304) Interest income.......... 4,754 1,898 202 = 1 Interest expense.......... (8,419) (279) -- = --=20 Net loss.................. (45,171) (27,590) (5,777) (303) Total assets........... 619,714 149,006 8,271 1,084 Total debt.............. 439,847 78,202 -- -- Lemonade stand analysis (omit the zeros): Your friend offers to sell you = his lemonade stand for $19,700. The stand, cups, pitcher and stuff is worth $= 619, and the business owes $439 to creditors, so if you bought it and sold all= that stuff, you=92d have $180 cash. He has been running this stand for 4 years= and he has lost money every year. He sold $153 worth of lemonade (for a loss of $45) in the first 9 months this year. You have been to this lemonade stand quite a few times and it is a great place. The business seems to be growing fast. Your friends say lemonade stands are the hot thing right now. Many of the= m are buying lemonade stands. The price of lemonade stands is skyrocketing! Why= , only four months ago, you could have bought this very same stand for only abou= t $7,000. If you had done that you could sell it now for more than twice your investment. Would you pay $19,700 for this lemonade stand? This lemonade stand is Amazon.com - (figures from SEC - Edgar site) - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] CELL Date: 06 Jan 1999 19:15:41 -0500 I see +'s and -'s in this one. V bottom from July to mid Nov. and then formed a six week handle. Volume dried up in mid to end of Dec. Then the volume really picked up. The price did not do much so I wonder if that could have been some distribution. There is overhead resistance, 52 week high is around 21. The resistance looks like around 17 which up till May was support. Broke above resistance today on good volume. Crossed above the 17 day EMA and 200 day EMA, the 50 is turning up still a little low due to recent overhead. The institutional ownership is 80 percent according to QP2. That and the overhead is what I dont like. Any opinions. I just want to know if I am looking at this properly. Charlie - ------------------------------------------------------------------------------- From: TM Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 16:13:30 -0800 (PST) Thanks for the great post, Craig. I've printed out and made notes on the chart. You write, "3) wait for a pullback, often they do give you a second chance to buy (just as those who chased it too high are getting stopped out - look at SEEK after the breakout to see this happening on the chart - 12/10, 12/11, and12/14)." How at the time will I be able to tell these are second chances vs. false breakouts. TM ---Craig Griffin wrote: > > Charlie, > > A couple of lessons I have learned (the hard way) struck me in your post. > > 1. Don't get emotionally attached to a stock. Just because you entered it > and lost money ... or made money ... don't get attached. Learn how to > develop "fresh eyes". Look at the stock new - as though it is a different > chart for a new company. Now what would you do? > > 2. Don't ever try to make back money lost, whether in the same stock or > another. Also - don't worry about lost opportunities (ie. not > participating to the level you think you should in the profits of this > market, or missing a breakout, or selling on a stop and then seeing the > stock turn and run back up). None of those things matter. Easy for me to > say, right? But, seriously, they don't. I look at it as: look at all of > the opportunities I missed over the last 10 years. Heck if I had owned the > very best stocks and bought them all at the very best moment and held them > for the optimum number of years, I would have a bazillion dollars. So > forget it. Start fresh. Get into the Zen of the market. > > Start trying to hit some singles. That is, learn the system and try to > execute your trades exactly right. When one of them doesn't work try to > look back and see what you did wrong by marking your buy and sell on a > chart a few weeks later. Did you buy close to the pivot point? Did you > sell at your stop or did you get shaken out on a pullback that never came > close to your stop because it was fast or sudden? Did you sell too early > without giving the stock enough room to breath? > > Now to your specific trading errors on SEEK (ala CANSLIM - if daytrading, > you are in a whole other ballgame - and for most people, the wrong one > because it is so hard to do successfully - Connie and Johan being exceptions). > > So - to review SEEK. The buy point (pivot point) is at 39 1/4 (highest > point in the handle was 39 1/8). If you do not see the handle on the > chart, you are not ready yet and need more chart reading experience. Here > is the base: > * begins 04/16/98 at the old high of 45. > * bases for months with resistance showing up at about 39 > (see the dates 06/18, 07/02, 07/03, 07/06, 11/09, 11/10, 11/18, 11/30). > * net stocks are VERY volatile so whereas a normal base is 20-40% from top > to bottom with a handle (if there is one) of no more than 10% top to > bottom, SEEK's base is 100% with a handle of 20% top to bottom. > * SEEK's "handle" begins on 11/09 and ends on 12/07. > * I know it ends on 12/07 because the next day it breaks out - you had to > be watching it and catch it that day to buy it correctly. If you do not > buy correctly, then all of the other rules and safeguards of CANSLIM go out > the window and you are uncharted water. Stocks rarely drop more than 8% > from your buy point when bought correctly and this protects you. This is > another way of saying that stocks rarely dip back into the base by more > than 3 or 4% after a valid breakout. So - if you buy the stock within 5% > of the top of the base you are pretty safe. This means that with the pivot > point for SEEK at 39 1/4 (the top of the handle). Ideally you must buy > within 5% of that number (max 10%). 39.25 X 1.05 = 41.21 and 39.25 X 1.10 > = 43.175. So even if you wanted to stretch it 43 1/4 is your highest buy. > If you did stretch it and set your stop at the top of the handle (39 1/4) > on a closing basis, then your max loss is 10%. > > But wait a minute you say, the stock advanced 22% or so on the breakout > day. How could I catch it within 10%? > Answer: 1) have a watch list of 10 stocks with good bases that you want to > own and which have good CS characteristics, > 2) watch them by checking quotes 3 times daily or have a paging service > such as http://www.datalink.net/ notify you (about $35 monthly) or get an > email service to do it or use a broker that accepts buy stop orders for > NASDAQ stocks and NYSE, > 3) wait for a pullback, often they do give you a second chance to buy (just > as those who chased it too high are getting stopped out - look at SEEK > after the breakout to see this happening on the chart - 12/10, 12/11, and > 12/14). > > If you bought SEEK higher than 43 1/4 then you are almost assured of > failure. You MUST be able to read the chart and see that this is the buy > point by second nature. Also note, without the volume on 12/08 - you do not > have a valid breakout (and buying on pullbacks is very dangerous). > > Remember, each day you can look at a base that is longer than 8 weeks and > point out to yourself where the stock must go to breakout. If you had been > watching SEEK on 10/23/98 to choose a date and only had the chart up till > then, you would have said to yourself, "the chart is not yet fleshed out, > but I can see that to breakout SEEK will need to trade in the area > somewhere between 39 and 45". You could also predict that there would > probably be some price action close to or within this area for at least a > week or two before the actual breakout occurred. A month later on 11/23 it > was pretty clear that 39 was resistance and that a breach of that level on > good volume (150%+ of ADV) would be the trigger. > > As to shorting SEEK, a few don'ts: > 1) don't short stocks in a bull market > 2) don't short stocks in an uptrend (with the 50dma pointing up) > 3) don't short stocks based on valuation (leaders generally seem too > expensive by traditional measures). > > Best Regards, > Craig > > PS. Take your time. Find some good bases on stocks with good CS > fundamentals. Put them on a watch list. Buy some of one on a breakout at > the right point. Then sit with it a few days. Once you are ahead and get > the feeling that the stock is doing ok, maybe buy another one. Keep a wary > eye on the market for any sell signals. Plan on holding your stocks for > 20-30% gains and assume it could take months, and then decide whether to > take some (and let the rest ride through the basing period as a long term > hold) or all of your profits. That is Canslim. Fast money in the > internets has got a lot of people's vision out of whack. Don't daytrade. > Don't overtrade. Don't get attached. Look for the best of the best. > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Craig Griffin Subject: RE: [CANSLIM] SEEK Date: 06 Jan 1999 20:23:43 -0500 TM wrote: >How at the time will I be able to tell these are second >chances vs. false breakouts. There is no way to be sure of course. They are frightening things to those who are long (especially at higher prices), as well as to those who wish to establish a new postion. Generally, look for price and volume clues or, just hold your nose and jump (and set your stop just as you would on the breakout). If the pullback is on lower volume than the breakout, that is promising (but sometimes high volume pullbacks are just shakeouts). If the down and up days seem to be positive from a volume standpoint (down days on lower volume than up days, preferably "significantly" lower), then that helps. Let's look at the specific case of SEEK: On 12/8 there is the breakout on very high volume and a 15% gain. The pullback on 12/9 is not unusual after such a big gain. The volume is a reasonable amount lower. Lots of buyers out there on the pullback or it would have fallen even further and faster. If the pullback had retraced the greater majority (say 80%) of the prior days gains, then the warning flag is out. In this case it was not nearly that dramatic ... so ok, so far. On 12/10 it gapped down on much lower volume (good sign) and never traded below the pivot point (39 1/4). However, it gave up almost all of 12/08's gains in two days (not too hot, but it happens more than you might guess). Closed at 40. The 10% buying range is from 39 1/4 to 43 1/4, but I would not be ready to buy yet (although I might have taken a very small position). At this point (12/10), the next day's action might be telling. There are about 5 scenarios for 12/11 that come to mind, most of which are decisive: 1) it might gap up or trade up quickly up from 40 to 42 in which case I would probably buy at 41 1/4 to 42, at least a starting position. Later in the day if it was still trading ok (above 41 1/2 say) and still less than 43 1/4, I might add to my position. 2) it might gap up or trade up quickly and I might miss it as it rocketed through 43 1/4 (no position established). 3) it might trade up quickly and then pull back quickly below 40 (like in #1 above, but in this case I might have gotten "suckered" into buying just before it dives). I would simply follow my Canslim stop as though I had bought on the breakout day. I have established the position and we will see what develops. I will refuse to be shaken out by the volatility. But the warning flag will be out and I will have a tight stop (I would probrably sell it, no questions asked, if it closed below 39 in this case, a bit tighter than 8%, but definitely back in the base. Sometimes they do this and then collapse the next day. Sometimes they do this and rocket back out the next day - I hate it when that happens ;0 ). 4) it might gap down or trade down quickly back into the base and not look back as it drops below support (in which case forget it, unless it comes back out of there on strong volume a day or two later). 5) it might gap down or trade down quickly back into the base and then reverse and come back up through today's close (40). If it does that, as it passes say 40 1/2, if the volume looks decent, I would probably take a partial position. And if it continues up to say 41 1/2 towards the end of the day, I might buy a bit more. Once again, using a standard 8% stop. Obviously, 12/11 developed exactly as scenario 5 which was the best possible outcome. This is not only a chance to establish a new position, but a chance to pyramid (add to your original position a little bit) if you are already in. On 12/12 you had to sweat through a fairly volatile down day, but your stop from any position established in the 10% buying zone would not have been threatened. But 12/12 was the last chance for gutsy buyers, because it gapped up the next day and never looked back. Basicly, if you were a "hold the nose and jump" type of buyer you could have bought anytime it was in the 10% range, or even better, within the 5% range near the pivot. Otherwise, your only real chance to buy on a "signal" of some sort would have been on 12/11 based on one of the "good" scenarios (#1 or #5) working out. That is the way I would have approached it: let it "tell" me it still wants to go up, and that this is "unlikely" to be a failed breakout. Aside from all of that, more food for thought: I might argue that you could also add to a position in SEEK on 12/15 based on the extremely high volume and the fact that the action from 12/08 to 12/14 looks like it created a "high handle" on the chart with a pivot at about $46. This corresponds with the left side of the base at $45 back in 04/98. This is a much more risky buy point, however, especially given the volatility in the "high handle" of 15%. If the handle had a nice smooth droop down of about 8% over 5 or 6 days, buying more on 12/15 would feel less risky. Paradoxically, a buy on that day would never have been threated with an 8% stop. Well, out of time for tonight. Thanks for asking. Best Regards, Craig - ------------------------------------------------------------------------------- From: Carter Diggs Subject: [CANSLIM] Craig and Db on SEEK in #493 Date: 07 Jan 1999 10:29:55 -0500 I second Charlie's response to your answers on SEEK! Very helpful to newbies, Gentlemen. I will study them carefully. Thank you very much. Carter. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Newbie question Date: 06 Jan 1999 23:06:16 -0500 Tran, while this is a CANSLIM board, many topics get posted that are not pure CANSLIM, or even vaguely CANSLIM. While Elder's system isn't that far astray, it's still not Wm O'Neil's CANSLIM. If you are trying to focus, concentrate, and improve your skills and understanding of CANSLIM, then it's too early for you to be distracted by other trading approaches and theories. It's sometimes difficult here to recognize what is and is not CANSLIM, for example all the recent posts on SEEK ignore the fact that this was never a valid CANSLIM stock with an EPS of 49, it's another volatile internet stock. Read Wm O'Neil's "How To Make Money In Stocks" (HTMMIS) like a novel, then go back and read each chapter like a college textbook. Feel free to make many margin notes and highlight stuff. Then start actually studying it. Read it again every few months after you have either paper traded, or traded with real money. Try to apply as fully as possible all the rules, it's most difficult. Eventually you will start finding the "style" of CANSLIM that meets most of the rules, and still fits your personality. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Hi all, I am new to CANSLIM and also new to this list. The reason I am lurking on this list is wanting to learn more about CANSLIM. Please, excuse the very newbie question. I see many thread refer to Dr. Elder's Triple Screen and his book. Searching for Elder on Amazon show a book titled "Trading for a Living : Psychology, Trading Tactics, Money Management" ISBN 0471592242 Is this THE book? Regards, Quan Tran qt@qware.com - - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] AMZN Lemonade Stand Analysis Date: 06 Jan 1999 23:36:50 -0500 At 18:05 1/6/99 -0500, Craig Griffin wrote: > >Would you pay $19,700 for this lemonade stand? > > I would have to say that all depends on the location of the stand! Is the comparison to tulips fair? I know alot are doing so, but I think this trivializes the Internet as a fad. You and I both know how fundamentally different our lives are due to technological advances of late. We can also measure the differences in terms of time saved, or information gained, as fast as it is happening. Our lives are affected immensely due to our participation, for good or bad. I don't believe such parallels exist with the tulip craze. The Net is here to stay. It will only get bigger, better, faster, simpler and cheaper. ( Cable Modems, ADSL, Fiber Optics, Wireless Internet, yadda, yadda...) I'm not ready to call an end to the mania, and I agree it appears to be just that, based at least on the fundamentals. But the market isn't as smart as I am and it just doesn't know any better. In October of 1987 when the markets lost over 30% in one day, my boss asked me what I was buying. I said Microsoft. He liked IBM cause it had a track record and earnings. Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] AMZN Lemonade Stand Analysis Date: 06 Jan 1999 23:36:50 -0500 At 18:05 1/6/99 -0500, Craig Griffin wrote: > >Would you pay $19,700 for this lemonade stand? > > I would have to say that all depends on the location of the stand! Is the comparison to tulips fair? I know alot are doing so, but I think this trivializes the Internet as a fad. You and I both know how fundamentally different our lives are due to technological advances of late. We can also measure the differences in terms of time saved, or information gained, as fast as it is happening. Our lives are affected immensely due to our participation, for good or bad. I don't believe such parallels exist with the tulip craze. The Net is here to stay. It will only get bigger, better, faster, simpler and cheaper. ( Cable Modems, ADSL, Fiber Optics, Wireless Internet, yadda, yadda...) I'm not ready to call an end to the mania, and I agree it appears to be just that, based at least on the fundamentals. But the market isn't as smart as I am and it just doesn't know any better. In October of 1987 when the markets lost over 30% in one day, my boss asked me what I was buying. I said Microsoft. He liked IBM cause it had a track record and earnings. Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CELL Date: 06 Jan 1999 23:36:49 -0500 Hi Charlie, The basic CANSLIM stuff looks good (RS 95, EPS 99, A/D B, Timeliness B, Up/Down 1.6, GRS 86). On the other hand, it's not in the top 5 of its group, ROE is only 17%, Funds already own 30% while management only own 7% so they're not voting with their holdings. Chart wise a decent case can be made for a cup and handle, certainly today's huge volume argues a breakout. Earnings have been stagnant for the past 4 qtrs, and sales for 3 of the past 4 qtrs. To me it's not a top candidate, and the underlying "fundies" and technicals would concern me. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I see +'s and -'s in this one. V bottom from July to mid Nov. and then formed a six week handle. Volume dried up in mid to end of Dec. Then the volume really picked up. The price did not do much so I wonder if that could have been some distribution. There is overhead resistance, 52 week high is around 21. The resistance looks like around 17 which up till May was support. Broke above resistance today on good volume. Crossed above the 17 day EMA and 200 day EMA, the 50 is turning up still a little low due to recent overhead. The institutional ownership is 80 percent according to QP2. That and the overhead is what I dont like. Any opinions. I just want to know if I am looking at this properly. Charlie - - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] CELL Date: 07 Jan 1999 04:42:20 -0500 QP2 gives a different picture of institutional holdings they say 80 percent. Wonder why there is such a difference. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Wednesday, January 06, 1999 11:37 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] CELL > > > Hi Charlie, > > The basic CANSLIM stuff looks good (RS 95, EPS 99, A/D B, > Timeliness B, Up/Down 1.6, GRS 86). On the other hand, it's > not in the top 5 of its group, ROE is only 17%, Funds > already own 30% while management only own 7% so they're not > voting with their holdings. Chart wise a decent case can be > made for a cup and handle, certainly today's huge volume > argues a breakout. > > Earnings have been stagnant for the past 4 qtrs, and sales > for 3 of the past 4 qtrs. > > To me it's not a top candidate, and the underlying "fundies" > and technicals would concern me. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Charles Cangialosi > To: canslim > Date: Wednesday, January 06, 1999 7:13 PM > Subject: [CANSLIM] CELL > > > I see +'s and -'s in this one. V bottom from July to mid > Nov. and then > formed a six week handle. Volume dried up in mid to end of > Dec. Then the > volume really picked up. The price did not do much so I > wonder if that could > have been some distribution. There is overhead resistance, > 52 week high is > around 21. The resistance looks like around 17 which up till > May was > support. Broke above resistance today on good volume. > Crossed above the 17 > day EMA and 200 day EMA, the 50 is turning up still a little > low due to > recent overhead. The institutional ownership is 80 percent > according to QP2. > That and the overhead is what I dont like. > Any opinions. I just want to know if I am looking at this > properly. > Charlie > > > - > > > > - > > - ------------------------------------------------------------------------------- From: mckeener@ix.netcom.com Subject: [CANSLIM] SEEK Date: 07 Jan 1999 07:44:41 -0600 (CST) Craig, Your analysis of the above stock in response to Charlie's message was just superb. I've printed it, and will follow each point with the chart. I don't always see cup with handles, in fact, I find that pattern the hardest to spot. This is very helpful. Thanks, Mary - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] AMZN Lemonade Stand Analysis Date: 07 Jan 1999 09:03:58 -0500 Frank, I was simply presenting an interesting alternate perspective (from my concurrent post (Internet Stocsk) with a link to an article. Actually, I do think the recent run-up (a triple in a couple of months) is overdone. But, I do not think AMZN's business model is anything like a lemonade stand. The market is discounting the next 3-5 years of growth IMHO. It is a very extended and risky stock. Eventually it will have another 30-40% correction, and I would not particularly like to join the fray just before that happens, but would, of course, wait for a new base and breakout if I was looking to establish a new position. Someone else posted in reply to the lemonade message, something like " your perspective would change if that lemonade stand just happened to be on a motherlode of gold ". And indeed, AMZN is not trading at these lofty valuations because of the lemonade (books) that it sells, but because the brand name and software development that it has already give it a huge lead in its attempt to become the "Walmart of the Internet" (general store) and to capture huge amounts of the internet's retail revenue in the future. It's current revenue growth rate is truely astonishing - and so is its valuation. But, to paraphrase what I said in a recent post, never short based on valuation (only), the leaders often appear overvalued by traditional measures. And AMZN is certainly a hold, for any current owners with a long term pserspective. Best Regards, Craig At 11:36 PM 1/6/99 -0500, you wrote: >At 18:05 1/6/99 -0500, Craig Griffin wrote: >> >>Would you pay $19,700 for this lemonade stand? >> >> > >I would have to say that all depends on the location of the stand! > >Is the comparison to tulips fair? I know alot are doing so, but I think >this trivializes the Internet as a fad. You and I both know how >fundamentally different our lives are due to technological advances of late. >We can also measure the differences in terms of time saved, or information >gained, as fast as it is happening. Our lives are affected immensely due to >our participation, for good or bad. I don't believe such parallels exist >with the tulip craze. > >The Net is here to stay. It will only get bigger, better, faster, simpler >and cheaper. ( Cable Modems, ADSL, Fiber Optics, Wireless Internet, yadda, >yadda...) >I'm not ready to call an end to the mania, and I agree it appears to be >just that, based at least on the fundamentals. But the market isn't as >smart as I am and it just doesn't know any better. >In October of 1987 when the markets lost over 30% in one day, my boss asked >me what I was buying. I said Microsoft. He liked IBM cause it had a track >record and earnings. > >Regards, >Frank Wolynski > > >- > > - ------------------------------------------------------------------------------- From: dbphoenix Subject: [CANSLIM] Re: Craig and SEEK Date: 07 Jan 1999 06:01:33 -0800 (PST) If there are any newcomers out there who haven't started a Craig folder yet, now's as good a time as any. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Re: Delivery failure Date: 07 Jan 1999 09:29:40 -0500 > > > Yesterday was a most profitable day for those who have been making a > living on MU. > > As a probably course mentioned yesterday, I did buy back into MU at > 54.25 [open price]. Too, I left over a point on the table because I > sold 1/3 of my position the day before. I again sold 1/3 of my position > at yesterday's close. From the looks of things this morning, I should > have sold more. > > But remember that greed and sleepless nights are inbred relatives that > produce genetic mutations [in traders and investors]. > > As I mentioned yesterday, I took positions in ADPT for a nice gain. > This morning there appears to be a big up gap in the opening. That it > is going to be a fairly juicy up gap is not the result of my being smart > or prescient of some external news. I do not know what might have > caused the gap, nor do I particularly care. I bought the stock on pure > technical indicators; I will sell it using the same criteria. > > AMD wobbled about. I am down a quarter point. Yesterday's close > indicated some strength. However, the 3/7/10 EMA broke down. I won't > take more than another 3/8th loss. > > Connie - ------------------------------------------------------------------------------- From: dbphoenix Subject: [CANSLIM] Little Green Men Date: 07 Jan 1999 07:54:24 -0800 (PST) I'm becoming concerned. I hadn't visited the Success series for a while and just finished catching up. In HTMMIS, O'N pooh-poohs PEs for a variety of reasons, yet he now advocates using them as a source of sell signals. He has also repeatedly pooh-poohed the use of moving averages and trendlines, yet he now suggests that one pay close attention to them. Clearly, O'N is a victim of alien abduction, and the person who is now providing all this advice is not O'N, but an alien impostor. If you doubt this, I heard that there's an article in IBD stating that the best way to make money in this market is to buy HTFs. Enough said. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Little Green Men Date: 07 Jan 1999 16:29:54 GMT On Thu, 7 Jan 1999 07:54:24 -0800 (PST), you wrote: : : :I'm becoming concerned. : :I hadn't visited the Success series for a while and just finished :catching up. In HTMMIS, O'N pooh-poohs PEs for a variety of reasons, :yet he now advocates using them as a source of sell signals. He has :also repeatedly pooh-poohed the use of moving averages and trendlines, :yet he now suggests that one pay close attention to them. : :Clearly, O'N is a victim of alien abduction, and the person who is now :providing all this advice is not O'N, but an alien impostor. : :If you doubt this, I heard that there's an article in IBD stating that :the best way to make money in this market is to buy HTFs. : :Enough said. : :--Db Umm, not quite "enough", Db. What's HTF's? Dan : :"Lessons are repeated until they are learned." : :http://home.talkcity.com//MoneySt/dbphoenix/ : : : :_________________________________________________________ :DO YOU YAHOO!? :Get your free @yahoo.com address at http://mail.yahoo.com : : :- - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Big/Mid/Small Cap. Date: 07 Jan 1999 15:55:07 -0500 This is just an observation. It seems to me that I have not done to well with the mid and smaller cap stuff the gains I have had have been on gorillas like AOL and INTC. Also I keep hearing and reading about how larger stocks are doing better now. It has occurred to me that when you consider "M", it is nice to consider where the "M" is and where "M" isn't. I am sure that this must change but for now I am thinking that missing the boat=not being in the larger cap tech stocks. I am a little reluctant to get in at this point but probably will anyway. Charlie - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Little Green Men Date: 07 Jan 1999 19:31:22 -0800 > :If you doubt this, I heard that there's an article in IBD stating that > :the best way to make money in this market is to buy HTFs. > : > :Enough said. > : > :--Db > > > Umm, not quite "enough", Db. What's HTF's? High Tight Flags, I'm guessing. - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Big/Mid/Small Cap. Date: 07 Jan 1999 18:47:33 -0800 My mid- and small- caps are also sucking rocks lately and over the long run. Since June 97 my large caps have had a 34% IRR while my small caps have done a lousy 1%. No reason not to get in now. There has been no significant sell signal for a while, while plenty of signs that the uptrend is continuing are being generated. At 03:55 PM 1/7/99 -0500, you wrote: > > This is just an observation. It seems to me that I have not done to well >with the mid and smaller cap stuff the gains I have had have been on >gorillas like AOL and INTC. Also I keep hearing and reading about how larger >stocks are doing better now. > It has occurred to me that when you consider "M", it is nice to consider >where the "M" is and where "M" isn't. I am sure that this must change but >for now I am thinking that missing the boat=not being in the larger cap tech >stocks. > I am a little reluctant to get in at this point but probably will anyway. > >Charlie > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] M - Dow Cup w/Handle b/o Weds Date: 08 Jan 1999 08:50:41 -0500 The DJIA broke out of a large cup w/handle formation on Wednesday, 01/06/99, on big volume. The cup runs from 07/17/98 to 11/24/98 on the chart. The handle runs from 11/24/98 to 01/05/99 on the chart. The handle on the big cup is also a smaller cup w/handle. The cup runs from 11/24/98 to 12/30/98 on the chart. And the little handle runs from 12/30/98 to 01/05/99. This big cup w/handle with the big handle also forming a cup w/handle is also a fairly common formation found on individual issues. This market showed amazing weakness to drop so far so fast in September. But it also showed amazing power to come back so quickly. Now all three major indexes have formed up cup w/handles and broken out one after the other (the DOW being the last to breakout). And the volume on the breakout for the DOW was very large. This bodes well for the continued strength of this bull move (although there are no guarantees in this business). Yesterdays attempt to sell off with profit taking and quick recovery also bodes well. One day at a time of course, but so far, one word best describes it: "powerful". PS. Russell 2000 continues to be the laggard (fourth index), which says to me, stay with the larger and mid-sized companies for now. - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Another Second Chance Buy Example Date: 08 Jan 1999 08:48:36 -0500 Another second chance buy example: AAPL gave a second chance buy on the pullback on Weds (it ran counter to the market that day, bigtime). Then relaunched yesterday. It had a much riskier look to it than SEEK in our discussions yesterday because in one day it retraced all the way to the top of the base. Then when it recovered yesterday, the second chance buy signal was at 42 3/8's. I love it when they do this and recover because it makes the stock look great on a weekly chart. The retracement day gets masked out (as it should) and all you see is the strong spike up with big volume. The retracement day's volume simply contributes to the weeks big up volume. When you think about it all of the brave souls buying that big volume as it pulled back turned out to be 1) right so far, and 2) strong holders of the stock (vs weak holders) and thus, on that day, even though it was a down day, the stock was moving into strong hands. If something was wrong the stock would have continued to pullback well into its base and they would have all been going "oh, no!". But, if it was just a shakeout, the action on Thursday is one of several possible results (another is a dribbling few days along the top of the base before moving back up). Thursday's recovery on equally big volume is the best possible response, of course. Once again, the stock was moving counter to the market most of the day Thursday. AAPL is a turnaround in more ways than one ;^). - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] M Date: 08 Jan 1999 09:46:53 -0500 I am trying to get back into the market. My stock picking prowess leaves me 100% in cash while all of my great picks that I was stopped out of are out of the blue and into the black. OK so if you dont use CANSLIM principles on the way in your stops cant be CANSLIM either. Got that one figured out at last. I would love to buy ATT (T) today it took off two points at the open. I also like MSFT. Only up one. I dont want to buy when the market first opens according to some reading I have been doing it is best to let the day settle in. We will see how that works today. Charlie - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] M - Charlie Date: 08 Jan 1999 10:22:21 -0500 Charlie, If you are buying these stocks, NON-Canslim, so to speak. You need very clear goals / purpose in your head. Is this a long term, no matter what hold? In which case - stuff them in a mattress and check on them in 5 years? Is this daytrading, but you haven't told yourself yet? - very dangerous if that is the case. Is this a vague, I'll participate, make some money and then we'll see? If so, odds are you will not make money, quite the reverse. Many stocks are extended now. Monday could as easily advance another percent or two as pullback a percent or two. If it pulls back a percent or two, what you buy today could pullback 5%. Don't be in too much of a rush. Missed profits are better than losses. There are more breakouts happening daily (for example MSPG, AAPL, and many others broke out in the last 2 or 3 days). Buy the breakouts and stick with Canslim /OR/ put your money in a mutual fund and keep out 10% to practice Canslim with. Your problem is not that there are no breakouts left, there will be many many more over the coming days and weeks if the market continues up. Your problem is finding the good bases and catching them in a timely fashion (on the breakout day or on a pullback bounce). Learn to find the bases. Someone else asked me about this recently. I do not have a formal system for doing it. I keep a watchlist of about 200 good candidates selected from RS / EPS rankings, or things that I have read about the company, and other sources and go from there. It is a long laborious process that I need to improve on. Here are some methods that work: 1) (Hard work) Look at Friday's IBD and each week keep all of the symbols from "Your Weekend Review" in a list. That is the 150 to 200 stocks you should probably be interested in. Then review all of those charts each weekend (flip through with Quotes Plus or TC2000 - the web is probably too slow). Ignore all the extended stocks and just keep a list of the stocks with the best bases (try to limit your list to say 30 candidates). Of those 30, look up the CANSLI fundamentals and choose the really best 10 or 15. Then watch those 10 or 15 for a breakout that week. Next weekend, do the same thing. Throw out some of the 10 or 15 that broke out or broke down or which just are not as fundamentally good as the new list you get the next week. After a week or two you will have 25 to 30 stocks that you have researched well and would like to own. Then you just have to watch them for breakouts. Most of the stocks will repeat in the Friday review each week, only 5%-20% will be replaced each week. That simplifies your list making. You just have to compare last weeks list to the new list in the newspaper and throw out the dropped issues and add in the new ones. Time consuming, yes, maybe 2-4 hours each weekend, just to review the list and another 2 hours to look up the best stocks out of your list. 2) (Excellent/Easy) Here is a simpler way to get candidates. It will not be exactly the same list, but it is just as good: subscribe to Ron Russell's weekly email of Canslim stocks (the number of stocks that pass his filters rise and fall each week based on market action - but you usually will have about 200 candidates to look through - and no typing - he updates it for you - no charge. ) And the spreadsheet he sends contains all kinds of cool fundamental data. I am a long time subscriber (did I mention it is free). THANK YOU RON! Then do the same with Ron's list. Go through looking for good bases with QP or TC2000 or any stock database/charting package (they all will accept lists of stock symbols as input and you can simply page through them, clickly click, same as in #1, just no typing of symbols required to build the list). 3) Use a scan/charting program such as TC2000 or QP2 or WOW. There is a public domain scan for QP2, for example, that will roughly reproduce the Friday list from IBD by scanning the QP2 database. You could do this every night if you wanted to and page through the 200 or so stocks output looking at bases (clicky clik). Or just do like above, look through each weekend, and build a 10-25 stock watchlist. Simple. 4) Use DG separately or in conjunction with all of the above. Tom Worley does this along with several others on the list and maybe they will speak to their methodology. I am a sometimes (monthly) subscriber to the paper copy of the NASDAQ and use it to look up fundamental data and to scan for bases (occassionally). Others use the DG Online as thier everything. Prices vary, but the cheapist system for time and money is probably either QP2 or TC2000 at about $17 monthly (which includes a charting package and scan capability), perhaps combined with Ron Russell's list. You can buy IBD weekly on the newsstand and just get Friday's paper or go to the library if you want to add that element cheaply. You can try DG Online for $60 for one month (it is cheaper by the year). You can try the print DG weekly for 5 weeks for about $40. Finding and buying one good breakout at the right time will pay for any of these subscriptions. But the important thing is to build a system that works for you. And don't go overboard with data sources. Any one of these will work just fine. You will never catch all of the best breakouts. But just catching a few each year properly is all you need. Get with the program. Hope this helps. Best Regards, Craig At 09:46 AM 1/8/99 -0500, you wrote: > > I am trying to get back into the market. My stock picking prowess leaves me >100% in cash while all of my great picks that I was stopped out of are out >of the blue and into the black. OK so if you dont use CANSLIM principles on >the way in your stops cant be CANSLIM either. Got that one figured out at >last. > I would love to buy ATT (T) today it took off two points at the open. I >also like MSFT. Only up one. I dont want to buy when the market first opens >according to some reading I have been doing it is best to let the day settle >in. We will see how that works today. > >Charlie > > >- > > - ------------------------------------------------------------------------------- From: Jerry Hickman Subject: [CANSLIM] Current M Date: 08 Jan 1999 10:24:45 -0500 Hi all, The current state of M is, at least, confusing to me. Some of the negatives I see is: according to IBD, the bullish Advisor Sentiment is at a new high (contrarian, therefore bearish), and the Adv/Dec line has been essentially flat since early last November, even with an uptrending S&P, DJIA, and NASDAQ. What does that say for the "broader market"? Some others--the VIX is inching back up, the ABCDE numbers posted here on this list are slowly eroding. I don't want to sound like I am screaming "the sky is falling" but would be interested in what others are seeing in these indicators. Jerry Hickman Midland, MI - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Little Green Men Date: 08 Jan 1999 15:27:32 GMT On Thu, 7 Jan 1999 19:31:22 -0800, you wrote: :From: musicant@autobahn.org (Dan Musicant) :To: canslim@lists.xmission.com : :> :If you doubt this, I heard that there's an article in IBD stating = that :> :the best way to make money in this market is to buy HTFs. :> : :> :Enough said. :> : :> :--Db :>=20 :>=20 :> Umm, not quite "enough", Db. What's HTF's? : :High Tight Flags, I'm guessing. : Yeah, that finally came to me...=20 - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Current M Date: 08 Jan 1999 10:48:44 -0500 Jerry, I don't know. But all of the issues you point out are certainly concerns. This market not only is powerful, it is also frothy (Turkeys are flying, and people are jumping on anything that moves and says ".com"). Lots of stocks have advanced 35% in 3 or 4 days. It seems nuts and we are overdue a consolidation at least. But, the DJIA, S&P500, and NASDAQ have positive chart patterns and the new/high low ratio continues to improve, and many, if not most breakouts are working. So, my theory: the green light is on for now (could change any day). Ride breakouts as always when in "bull mode". Keep a wary eye out for distribution days and other signs of a top. Even as the DJIA was breaking out, I saw two toppy signs in the NASDAQ: 1) gap up two days ago - looked like the top of a climax run to me, 2) big distribution type of day yesterday, but not exactly. Today looks like it may be another and more definite distribution day followed by some backing and filling over the next week or two. (We gapped up about 40 pts- 2% - on the NASDAQ today and here we are at 10:30, only up 12 pts). But one never knows - it could still end up 2% for today. One day at the time. I will continue to buy nice looking breakouts as cash permits (so not right now), until we get a couple more days of distribution at least, or until the breakouts start failing on me. My point in the earlier post about the "powerful" M was not that every day will be up or that we are not (over)-due a consolidation. Only that, I would be very surprised if we had a major correction here. I would expect the cup w/handle bases that the indexes have formed to offer support at the top of the base or slightly below it. A pullback of 5-8% in rapid fashion would be no surprise at any time. A retracing of the years gains would probably work to scare out a lot of folks and hurt plenty of Johnie Come Lately's. And the market does work overtime to hurt you, unfortunately. Best Regards, Craig At 10:24 AM 1/8/99 -0500, you wrote: >Hi all, > >The current state of M is, at least, confusing to me. Some of the >negatives I see is: according to IBD, the bullish Advisor Sentiment is at >a new high (contrarian, therefore bearish), and the Adv/Dec line has been >essentially flat since early last November, even with an uptrending S&P, >DJIA, and NASDAQ. What does that say for the "broader market"? > >Some others--the VIX is inching back up, the ABCDE numbers posted here on >this list are slowly eroding. > >I don't want to sound like I am screaming "the sky is falling" but would be >interested in what others are seeing in these indicators. > >Jerry Hickman >Midland, MI > > >- > > - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Current M Date: 08 Jan 1999 16:31:52 GMT On Fri, 08 Jan 1999 10:24:45 -0500, you wrote: :Hi all, : :The current state of M is, at least, confusing to me. Some of the :negatives I see is: according to IBD, the bullish Advisor Sentiment is = at :a new high (contrarian, therefore bearish), and the Adv/Dec line has = been :essentially flat since early last November, even with an uptrending S&P, :DJIA, and NASDAQ. What does that say for the "broader market"? : :Some others--the VIX is inching back up, the ABCDE numbers posted here = on :this list are slowly eroding. : :I don't want to sound like I am screaming "the sky is falling" but would= be :interested in what others are seeing in these indicators. : :Jerry Hickman :Midland, MI Given the way things have been going my feeling is that the VIX is not going to go where you would like to see it for CANSLIM techniques to be most effective, in the parlance of Tom Worley. I think you will see it hanging around 25. That's my guess. However, they say that a good January means a good year 90% of the time. So far Jan. has been a boomer, and I don't expect that to deteriorate. The sky is not falling. Dan - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] M - Charlie Date: 08 Jan 1999 11:59:03 -0500 Craig, Thank you for the reply, its another print out for me. As always you are on the money. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Craig Griffin > Sent: Friday, January 08, 1999 10:22 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] M - Charlie > > > Charlie, > > If you are buying these stocks, NON-Canslim, so to speak. You need very > clear goals / purpose in your head. Is this a long term, no matter what > hold? In which case - stuff them in a mattress and check on them in 5 > years? Is this daytrading, but you haven't told yourself yet? - very > dangerous if that is the case. Is this a vague, I'll participate, make > some money and then we'll see? If so, odds are you will not make money, > quite the reverse. Many stocks are extended now. Monday could as easily > advance another percent or two as pullback a percent or two. If it pulls > back a percent or two, what you buy today could pullback 5%. Don't be in > too much of a rush. Missed profits are better than losses. > > There are more breakouts happening daily (for example MSPG, AAPL, and many > others broke out in the last 2 or 3 days). Buy the breakouts and stick > with Canslim /OR/ put your money in a mutual fund and keep out 10% to > practice Canslim with. Your problem is not that there are no breakouts > left, there will be many many more over the coming days and weeks if the > market continues up. Your problem is finding the good bases and catching > them in a timely fashion (on the breakout day or on a pullback bounce). > > Learn to find the bases. Someone else asked me about this recently. I do > not have a formal system for doing it. I keep a watchlist of about 200 > good candidates selected from RS / EPS rankings, or things that I have > read about the company, and other sources and go from there. It is a long > laborious process that I need to improve on. > > Here are some methods that work: > > 1) (Hard work) Look at Friday's IBD and each week keep all of the symbols > from "Your Weekend Review" in a list. That is the 150 to 200 stocks you > should probably be interested in. Then review all of those charts each > weekend (flip through with Quotes Plus or TC2000 - the web is probably too > slow). Ignore all the extended stocks and just keep a list of the stocks > with the best bases (try to limit your list to say 30 candidates). Of > those 30, look up the CANSLI fundamentals and choose the really best 10 or > 15. Then watch those 10 or 15 for a breakout that week. Next weekend, do > the same thing. Throw out some of the 10 or 15 that broke out or broke > down or which just are not as fundamentally good as the new list you get > the next week. After a week or two you will have 25 to 30 stocks that you > have researched well and would like to own. Then you just have to watch > them for breakouts. Most of the stocks will repeat in the Friday review > each week, only 5%-20% will be replaced each week. That simplifies your > list making. You just have to compare last weeks list to the new list in > the newspaper and throw out the dropped issues and add in the new ones. > Time consuming, yes, maybe 2-4 hours each weekend, just to review the list > and another 2 hours to look up the best stocks out of your list. > > 2) (Excellent/Easy) Here is a simpler way to get candidates. It will not > be exactly the same list, but it is just as good: subscribe to Ron > Russell's weekly email of Canslim stocks (the number of stocks that pass > his filters rise and fall each week based on market action - but you > usually will have about 200 candidates to look through - and no > typing - he > updates it for you - no charge. ) And the spreadsheet he sends contains > all kinds of cool fundamental data. I am a long time subscriber (did I > mention it is free). THANK YOU RON! Then do the same with Ron's > list. Go > through looking for good bases with QP or TC2000 or any stock > database/charting package (they all will accept lists of stock symbols as > input and you can simply page through them, clickly click, same as in #1, > just no typing of symbols required to build the list). > > 3) Use a scan/charting program such as TC2000 or QP2 or WOW. There is a > public domain scan for QP2, for example, that will roughly reproduce the > Friday list from IBD by scanning the QP2 database. You could do > this every > night if you wanted to and page through the 200 or so stocks > output looking > at bases (clicky clik). Or just do like above, look through each weekend, > and build a 10-25 stock watchlist. Simple. > > 4) Use DG separately or in conjunction with all of the above. Tom Worley > does this along with several others on the list and maybe they will speak > to their methodology. I am a sometimes (monthly) subscriber to the paper > copy of the NASDAQ and use it to look up fundamental data and to scan for > bases (occassionally). Others use the DG Online as thier everything. > > Prices vary, but the cheapist system for time and money is probably either > QP2 or TC2000 at about $17 monthly (which includes a charting package and > scan capability), perhaps combined with Ron Russell's list. You can buy > IBD weekly on the newsstand and just get Friday's paper or go to the > library if you want to add that element cheaply. You can try DG > Online for > $60 for one month (it is cheaper by the year). You can try the print DG > weekly for 5 weeks for about $40. > > Finding and buying one good breakout at the right time will pay for any of > these subscriptions. But the important thing is to build a system that > works for you. And don't go overboard with data sources. Any > one of these > will work just fine. You will never catch all of the best breakouts. But > just catching a few each year properly is all you need. > > Get with the program. > > Hope this helps. > > Best Regards, > Craig > > At 09:46 AM 1/8/99 -0500, you wrote: > > > > I am trying to get back into the market. My stock picking > prowess leaves me > >100% in cash while all of my great picks that I was stopped out > of are out > >of the blue and into the black. OK so if you dont use CANSLIM > principles on > >the way in your stops cant be CANSLIM either. Got that one figured out at > >last. > > I would love to buy ATT (T) today it took off two points at > the open. I > >also like MSFT. Only up one. I dont want to buy when the market > first opens > >according to some reading I have been doing it is best to let > the day settle > >in. We will see how that works today. > > > >Charlie > > > > > >- > > > > > > - > - ------------------------------------------------------------------------------- From: "Joe J." Subject: [CANSLIM] little green men Date: 08 Jan 1999 11:34:46 -0700 [CANSLIM] Little Green Men Excellent post Db. I think this speaks right to the concerns Tom W. about sticking with "pure" canslim. Just look at WON's comments in his book about investing in smaller float stocks so you can get more bang for you're buck. About a year ago I heard him comment to someone questioning him about his investment in Pfizer. He indicated that with the size of institutional investors today they could move even a large cap company significantly - thus implying that perhaps float wasn't so important after all. Maybe this also implies that current institutional ownership is also not that important - they can always buy more right? Thus, over time I realized that even WON changes and evolves with changing conditions. Heck, I bet he even owns a few shares in AOL and AMZN right now! If we can learn anything from this, it should be that we need to also change and evolve over time. No, the internets don't meet pure CANSLIM but so what? Wasn't the whole purpose and goal of WON's quest to find "tomorrow's big winners"? If you recognize the risk, buy off a proper chart formation (i.e., a base) and set a stop to limit your risk why shouldn't you be part of this tulip/non-tulip mania? Did WON's system catch DELL at the beginning of its move? If not, why not? Can you learn something from this? Maybe trailing earnings growth is just not working in today's market conditions as well as it did in the days when WON developed his system? Should we be looking more at revenue growth instead? Or, should the RS become more heavily weighted in our analysis? The exact term escapes me right now, but for those of you who read books on Technical Analysis or even the magazine Technical Analysis of Stocks and Commodities, you may recall hearing that when developing a trading/investing system that it should be able to still work as market conditions change (meaning that the system is dynamic). Is pure CANSLIM, the way WON wrote about it so many years ago, still working in today's conditions? Wasn't the whole idea behind CANSLIM to find the DELL's and the AOL's and the AMZN's early on? There are those (mostly Tom W.) who are very concerned that newbies won't be able to figure out what is and what isn't CS if we keep discussing "other methods" that may or may not help improve our results. My personal opinion on that is that this is not just a list for newbies this is a list for experienced traders and investors who are already familiar with WON's concepts. If you are a newbie and you are just trading based on some comments made by myself or anyone else without fully understanding what you are doing, you deserve exactly what you end up with. I just don't think people are that naive myself! Thus, I propose that we use this list to attempt to "rebuild" CS to allow it to work in today's conditions. Let's find a version of CS that allows us to trade "today's big winners". Therefore, keep the posts coming on the trading of SEEK, interpreting the proper base, pivot points, etc. I think it is all valid and it belongs on this list! Good trading, Joe J. - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: [CANSLIM] RCGI Date: 08 Jan 1999 12:47:56 -0700 RCGI seems to be breaking out on heavy volume. Any comments on this one? - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Volume Date: 08 Jan 1999 14:44:11 -0500 I have been looking at various stocks today. Two things struck me. First ATT (T). Massive volume and its up. This would indicate, I guess, a lot of people are interested in the stock. Though it is not clear if there is a lot of selling into it going on. Then there is AOL, half the normal volume and it is just floating around, if fact the bears are slightly ahead right not. Is this what is considered distribution into the stock. Charlie - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] RCGI Date: 08 Jan 1999 15:03:03 -0500 Hi, The volume, as you indicated is up there almost 3x's normal. It appears to have be in a trading range for a while, OTOH, 30 looks like resistance and it is about through that. Fundies look OK 95 75 BAB in IBD. If you get a chance look at QTRN. It has been doing the same thing forever. If I had more nerve and more money I would sell it short at 52 cover at 42 buy it long at 42 and sell it again at 52. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of PWahl@sysinn.com > Sent: Friday, January 08, 1999 2:48 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] RCGI > > > RCGI seems to be breaking out on heavy volume. Any comments on this > one? > > - > > - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] little green men Date: 08 Jan 1999 21:10:06 +0100 Joe wrote: >Let's find a version of CS that >allows us to trade "today's big winners". I currently think that you have to adapt to what the market is telling you. Currently is (or was) - dot.com and anything else even slightly related with the internet - big cap gorilla's - momentum trading Some rules however almost always apply IMHO. To name a few: - 'M' market. What is it doing? Most important. - Buy only from proper bases (for your major buys anyway). - Practice strict money management. Limit your losses and hold your winners. (I have to learn this myself. Example: I was going to hold PFE for years, but sold a few days ago, when my very short term trader 'self' said sell now.) - Buy companies that have at least a few CANSLIM characteristics like 'being a leader' in a strong group, new product, new service or whatever else new. Anyway, I agree with Craig and others that this is sheer madness, but I love it. When I looked at LCOS this morning I reset my RT quote program 2 times to see if it wasn't decieving me. Up 28% in less than a trading day. Not like BCST but good enough for me. FWIW I'm 90% cash now. As Forest Gump would say "For no particular reason". Have to let the excitement wear off during the weekend. Johan - ------------------------------------------------------------------------------- From: DS Subject: Re: [CANSLIM] little green men Date: 08 Jan 1999 14:09:43 -0600 Hi Joe, Excellent post! I believe you nailed it.....CS must be adaptive in order to remain the method of finding big winners. Most of the time "S" matters but at times when a large cap stock like DELL or CPWR or WLA or PFE hits an incredible earnings stream massive fund flows allow them to act like they have a small float. They end up having a small float RELATIVE to the demand. MOST of the time earnings are essential for CS but sometimes "N" is more important. This, of course, is the case with the internet and was the case with AMGN and biotech in the early 90's. Most of the time a new high breakout is a must but when a stock forms a nice base 20-30 % off its all time high the breakout is not a new high. MOST the time annual earnings are a must but when you have a stock ramping up its current earnings so fast that they are accelerating 30-50 % quarter over quarter (ASND and USRX et al. in 1995) is it not a CS stock?? CS is vague and will remain so because there is a large subjective component in finding huge winners before everyone else does. All of the more experience CS'ers here have learned the subjectivity the hard way and no amount of pigeon holing CS will change that for the newbies. Ok, my rant is over! Great post Joe. DCSquires - ------------------------------------------------------------------------------- From: "dave" Subject: Re: [CANSLIM] RCGI Date: 08 Jan 1999 12:08:09 -0800 > RCGI seems to be breaking out on heavy volume. Any comments on this > one? Fundamentals seem good, except very high institutional ownership. Technically, I don't know what to think. RCGI gapped down after last earnings report, which beat estimates, and has traded pretty much sideways since then. I bought on Monday (1/4/99) on what I thought was a breakout. I hope todays breakout is for real. Dave Farthing Gordian Design Services Wanna be blacklisted by our spam filter? mailto: aablme@gordian.com - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] RCGI Date: 08 Jan 1999 13:29:28 -0700 > -----Original Message----- > From: Charles Cangialosi [SMTP:chcng@worldnet.att.net] > Sent: Friday, January 08, 1999 1:03 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] RCGI > > Hi, > The volume, as you indicated is up there almost 3x's normal. It > appears to > have be in a trading range for a while, OTOH, 30 looks like resistance > and > it is about through that. Fundies look OK 95 75 BAB in IBD. > If you get a chance look at QTRN. It has been doing the same thing > forever. > [Wahl, Patrick] RS under 80 was the only negative I could see, plus a possibly overbought market. I day or two of upward movement in RCGI would get that RS up there though. - ------------------------------------------------------------------------------- From: DS Subject: Re: [CANSLIM] Volume Date: 08 Jan 1999 14:52:34 -0600 >>Then there is AOL, half the normal volume and it is just floating around, if fact the bears are slightly ahead right not. Is this what is considered distribution into the stock.<< Hi Charlie, I would not consider this distribution. This stock is trying to hold a High Tight Flag.....a very bullish patterm. My read on the volume situation is convictionless selling. What you have (IMO) is institutional buyers on the bid slowly taking stock from the weak holders that are scared of losing thier profits as the stock bounces around. This is farily heathly action for a stock that has moved so far. Another thing that hints at consolidation is the realatively small range the stock has traded in and that it has held yesterdays low. In order for this to be distribution I would want to see very heavy volume with a "high tail" day and the close lower or the same as the open. This would show that the stock ran higher after the open and then could not hold the high prices as the bears took over. Keep in mind that this stock is trending very stongly. That being said I wouldn't buy AOL until it proves itself buy trading above 153 on heavy volume. With the looks of the internets today (blow-off top likely) that might not happen. Good Luck, DSquires - ------------------------------------------------------------------------------- From: "dave" Subject: Re: [CANSLIM] RCGI Date: 08 Jan 1999 12:08:09 -0800 > RCGI seems to be breaking out on heavy volume. Any comments on this > one? Fundamentals seem good, except very high institutional ownership. Technically, I don't know what to think. RCGI gapped down after last earnings report, which beat estimates, and has traded pretty much sideways since then. I bought on Monday (1/4/99) on what I thought was a breakout. I hope todays breakout is for real. Dave Farthing Gordian Design Services Wanna be blacklisted by our spam filter? mailto: aablme@gordian.com - ------------------------------------------------------------------------------- From: DS Subject: [CANSLIM] little green men Date: 08 Jan 1999 15:06:14 -0600 Hi Joe, Excellent post! I believe you nailed it.....CS must be adaptive in order to remain the method of finding big winners. Most of the time "S" matters but at times when a large cap stock like DELL or CPWR or WLA or PFE hits an incredible earnings stream massive fund flows allow them to act like they have a small float. They end up having a small float RELATIVE to the demand. MOST of the time earnings are essential for CS but sometimes "N" is more important. This, of course, is the case with the internet and was the case with AMGN and biotech in the early 90's. Most of the time a new high breakout is a must but when a stock forms a nice base 20-30 % off its all time high the breakout is not a new high. MOST the time annual earnings are a must but when you have a stock ramping up its current earnings so fast that they are accelerating 30-50 % quarter over quarter (ASND and USRX et al. in 1995) is it not a CS stock?? CS is vague and will remain so because there is a large subjective component in finding huge winners before everyone else does. All of the more experience CS'ers here have learned the subjectivity the hard way and no amount of pigeon holing CS will change that for the newbies. Ok, my rant is over! Great post Joe. DCSquires - ------------------------------------------------------------------------------- From: DS Subject: Re: [CANSLIM] little green men Date: 08 Jan 1999 14:09:43 -0600 Hi Joe, Excellent post! I believe you nailed it.....CS must be adaptive in order to remain the method of finding big winners. Most of the time "S" matters but at times when a large cap stock like DELL or CPWR or WLA or PFE hits an incredible earnings stream massive fund flows allow them to act like they have a small float. They end up having a small float RELATIVE to the demand. MOST of the time earnings are essential for CS but sometimes "N" is more important. This, of course, is the case with the internet and was the case with AMGN and biotech in the early 90's. Most of the time a new high breakout is a must but when a stock forms a nice base 20-30 % off its all time high the breakout is not a new high. MOST the time annual earnings are a must but when you have a stock ramping up its current earnings so fast that they are accelerating 30-50 % quarter over quarter (ASND and USRX et al. in 1995) is it not a CS stock?? CS is vague and will remain so because there is a large subjective component in finding huge winners before everyone else does. All of the more experience CS'ers here have learned the subjectivity the hard way and no amount of pigeon holing CS will change that for the newbies. Ok, my rant is over! Great post Joe. DCSquires - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Volume Date: 08 Jan 1999 16:24:48 -0500 I almost bought it and I almost bought ATT but I held off because I felt rushed and wanted to look things over on the weekend. Charlie PS Car was broke today so I was stuck at the computer. > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of DS > Sent: Friday, January 08, 1999 3:53 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Volume > > > >>Then there is AOL, half the normal volume and it is just > floating around, if > fact the bears are slightly ahead right not. Is this what is considered > distribution into the stock.<< > > Hi Charlie, > > I would not consider this distribution. This stock is trying to hold a > High Tight Flag.....a very bullish patterm. My read on the volume > situation is convictionless selling. What you have (IMO) is > institutional buyers on the bid slowly taking stock from the weak > holders that are scared of losing thier profits as the stock bounces > around. This is farily heathly action for a stock that has moved so far. > Another thing that hints at consolidation is the realatively small range > the stock has traded in and that it has held yesterdays low. In order > for this to be distribution I would want to see very heavy volume with a > "high tail" day and the close lower or the same as the open. This would > show that the stock ran higher after the open and then could not hold > the high prices as the bears took over. Keep in mind that this stock is > trending very stongly. That being said I wouldn't buy AOL until it > proves itself buy trading above 153 on heavy volume. With the looks of > the internets today (blow-off top likely) that might not happen. > > Good Luck, > DSquires > > - > > - ------------------------------------------------------------------------------- From: "M Sims" Subject: [CANSLIM] importing list Date: 08 Jan 1999 14:35:14 -0800 I could use a little help if someone would please... I have WOW ver7 and I am trying to import Mr. Russell's list of stocks into my quote list. I have saved the list to excel then saved it as a csv file. Now I go to wow bring up a blank quote list and go to securities to import the file. When I select the file it tells me "unable to interpret" What might I be doing wrong? Thanks for any help... Mike - ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] off topic, non-CANSLIM, YHOO, ZD and Softbank Date: 08 Jan 1999 17:40:22 -0600 For anyone thinking about buying internut stocks, a very sobering piece! http://www.thestreet.com/comment/keyhole/597589.html JAFO Ricardo - ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] off-topic, YHOO, ZD and Softbank Date: 08 Jan 1999 17:51:43 -0600 If you are unable to read the story at TheStreet.com, it is also available at http://www.observer.com/ under "Business & Real Estate" Ricardo - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] M - Charlie Date: 09 Jan 1999 00:13:22 -0500 Charlie, Craig already made the point that I was going to make, both T and MSFT have great, and I mean GREAT, CANSLIM elements. But what they BOTH lack is a good base for setting up a breakout. That aspect (a base leading to a breakout) is a fundamental part of CANSLIM as developed by WON. Of course, neither meet the criteria for "S" or "I" in CANSLIM either, but WON has been wobbling on that for the past several years. CANSLIM is not only about finding the stocks with high RS and/or high EPS, it's also about timing your entry, and for that you must study charts. Craig is correct, I am lost without Daily Graphs. Have had the paper books for many years now, along with many other WON pubs and sources. Grew addicted to DGO (Daily Graphs Online) while it was in beta, and loved it because it gives me a basic CANSLIM chart of every stock, not just those in the books. Excellent resource if the cost works for you. After changing jobs (read it as being fired before I could quit, still best thing ever happened to me), I lost the paper version, but continued online even after I had to start paying. Without the ability to understand charts, I seriously doubt I could make money with CANSLIM. I do also use BigCharts for technical analysis, which I added to my "skills" portfolio in the past year or so. But my starting point always remains CANSLIM elements as I see them at DGO. I only use BigCharts for helping time my entry, exit and hold decisions. I manually screen stocks hitting new highs, as well as constantly reviewing those stocks I have already added to my "watch list" looking first at their CS elements, then using BigCharts at their technical aspects. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- 4) Use DG separately or in conjunction with all of the above. Tom Worley does this along with several others on the list and maybe they will speak to their methodology. I am a sometimes (monthly) subscriber to the paper copy of the NASDAQ and use it to look up fundamental data and to scan for bases (occassionally). Others use the DG Online as thier everything. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Current M Date: 09 Jan 1999 00:37:18 -0500 Hi Jerry, Mostly I second Craig's comments, but would also add that we are in more of a global economy, and global stock market, than ever before. I used to be a totally domestic (that is, USA based) investor and largely ignored whatever was happening elsewhere. Over the past several years, I have returned to some of my roots of economics and int'l relations/politics, and believe that the USA mkt is far more affected by global events and economies than ever before. Thus, while I rarely invest outside of the USA ( I chose not to add currency risk to investing risk), I still pay attention to what's happening around the globe. I expected at least a 1% spike on the open today, based on global mkts and the futures. It opened stronger than I anticipated, so was not surprised that it eventually gave back all its gains. I was also not surprised that the sheer strength of this mkt, along with other factors like a strong dollar rebound after the intro of the Euro, Brazil's dangerous flirtation with recession and collapse, Japan's failure to enact meaningful change and continued flirtation with new 12 year lows, etc would finally lead to a nice closing gain for the day. The underpinings of today's US mkt are the economics, despite the steadily contraction of mfr activity (7th straight month of downtrend and now in a meaningful contraction); growing inventories; rising unemployment (steady monthly record nrs of bankruptcy filings, good for one of my stocks); and so forth. But the bottom line remains: despite all this, the US economy still is managing to grow several percent (or more a year); Greenspan has his thumb on the process and intends to continue micromanaging the economy to whatever degree he must; the USA remains in the midst of the healthiest and longest economic expansion it likely has ever enjoyed; and finally despite Zippergate and impeachment the USA economy appears to still be #1 in the globe. Flight to safety continues, tho at a lesser and healthier pace. Meanwhile, money continues to flow into 401 plans at record levels. That money must be put somewhere, and the institutional money managers will continue to park it in liquid (e.g. big cap) stocks. Charts on virtually every index I study look healthy and positive (yes, including Russell 2000), and all I need to be able to declare total war on the bears is to see the Transportation index pick up some. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Jerry, I don't know. But all of the issues you point out are certainly concerns. This market not only is powerful, it is also frothy (Turkeys are flying, and people are jumping on anything that moves and says ".com"). Lots of stocks have advanced 35% in 3 or 4 days. It seems nuts and we are overdue a consolidation at least. But, the DJIA, S&P500, and NASDAQ have positive chart patterns and the new/high low ratio continues to improve, and many, if not most breakouts are working. So, my theory: the green light is on for now (could change any day). Ride breakouts as always when in "bull mode". Keep a wary eye out for distribution days and other signs of a top. Even as the DJIA was breaking out, I saw two toppy signs in the NASDAQ: 1) gap up two days ago - looked like the top of a climax run to me, 2) big distribution type of day yesterday, but not exactly. Today looks like it may be another and more definite distribution day followed by some backing and filling over the next week or two. (We gapped up about 40 pts- 2% - on the NASDAQ today and here we are at 10:30, only up 12 pts). But one never knows - it could still end up 2% for today. One day at the time. I will continue to buy nice looking breakouts as cash permits (so not right now), until we get a couple more days of distribution at least, or until the breakouts start failing on me. My point in the earlier post about the "powerful" M was not that every day will be up or that we are not (over)-due a consolidation. Only that, I would be very surprised if we had a major correction here. I would expect the cup w/handle bases that the indexes have formed to offer support at the top of the base or slightly below it. A pullback of 5-8% in rapid fashion would be no surprise at any time. A retracing of the years gains would probably work to scare out a lot of folks and hurt plenty of Johnie Come Lately's. And the market does work overtime to hurt you, unfortunately. Best Regards, Craig At 10:24 AM 1/8/99 -0500, you wrote: >Hi all, > >The current state of M is, at least, confusing to me. Some of the >negatives I see is: according to IBD, the bullish Advisor Sentiment is at >a new high (contrarian, therefore bearish), and the Adv/Dec line has been >essentially flat since early last November, even with an uptrending S&P, >DJIA, and NASDAQ. What does that say for the "broader market"? > >Some others--the VIX is inching back up, the ABCDE numbers posted here on >this list are slowly eroding. > >I don't want to sound like I am screaming "the sky is falling" but would be >interested in what others are seeing in these indicators. > >Jerry Hickman >Midland, MI > > >- > > - - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Mkt & EPS Rank Factors Date: 08 Jan 1999 21:59:46 -0800 CS Members: I'm glad the EPS computation situation was finally resolved. Yes, the e mail you got from Dan at Dailygraphs Online was correct. I talked to Dan and he forwarded an e mail he had received from one of the programmers. Under $ .11, earnings for the quarter are treated differently than earnings over $ .11. However, there is a maximum cap percentagewise. Also, the one factor not mentioned was the stability factor. I understand the stability factor will be in the IBD "How to Read" soon. The "How to Read Page" for Datagraphs (the institutional service O'Neil provides to funds, investment advisors, etc.) reads as follows; EPS Rank is a proprietary formula weighting four different factors: percent increase/decrease in the most recent quarter versus the same quarter a year ago, percentage increase/decrease in the prior quarter versus the same quarter a year ago, the 5-year growth rate and stability (however, the longer term growth rate may have been altered some 'cause the are so many company's with no long tem history). The result is ranked on a scale of 1 to 99. A rank of 70 means the company had a better earnings record than 70% of all companies in our database. In looking at the Dow the last couple of days, it is a classic cup and handle. The S&P and NASDAQ could also be stretched to be called a cup and handle, or saucer and handle (S&P more than the NASDAQ). Also, today might be considered a "follow through" day, with the market up 1% or more on increased volume. Will have to check the market more closely on that. Sorry about the misunderstanding and sorry someone had to call Dailygraphs. tiger49er - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] little green men Date: 09 Jan 1999 01:14:01 -0500 At the risk of invoking another flaming war, and after my third day of working 13 or so hours, I will respond, Joe. This board was developed by Jeff Salisbury as a place for those trying to improve their CANSLIM skills. I thank Jeff for providing that opportunity. I am grateful, as it has helped me, both by challenging my understanding of CANSLIM, by adjusting to changing market conditions, and by many posts on internet resources that weren't necessarily "CANSLIM", but are free and most useful. The past few years of seminars and stuff by WON as well as Ryan has clearly shown a trend towards big cap stocks. I don't argue with this, that's where the cash flow is occurring. But I also do not believe WON is as reactive to changing mkt conditions as you are, or suggest this group should be. This group includes a wide variety of members ranging from true investors putting their money at risk for the long haul to those that are day trading to those earning a living from trading the mkt for a qtr pt gain or so. Nothing about CANSLIM says you must be constantly invested on either the long or short side. Only a true "trader" or someone making a living off the mkt will subscribe to that. For the CANSLIMer, there should be periods when it makes more sense to just sit on cash. Granted, in an extended bull mkt, it's hard to see that period, but that doesn't mean it's not there. I thought this was a pretty universal group, where everyone from newbies to experieced traders might have the opportunity to learn. That's been one of my premises in continuing to participate. If it's to be changed into one of only saavy, experienced, momentum based "traders", then it's changing in a way I can't support. One of the charms of this group has been its uniqueness in the internet. I hate to see it become just like so many other "net" "discussion" groups. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- [CANSLIM] Little Green Men Excellent post Db. I think this speaks right to the concerns Tom W. about sticking with "pure" canslim. Just look at WON's comments in his book about investing in smaller float stocks so you can get more bang for you're buck. There are those (mostly Tom W.) who are very concerned that newbies won't be able to figure out what is and what isn't CS if we keep discussing "other methods" that may or may not help improve our results. My personal opinion on that is that this is not just a list for newbies this is a list for experienced traders and investors who are already familiar with WON's concepts. If you are a newbie and you are just trading based on some comments made by myself or anyone else without fully understanding what you are doing, you deserve exactly what you end up with. I just don't think people are that naive myself! Thus, I propose that we use this list to attempt to "rebuild" CS to allow it to work in today's conditions. Let's find a version of CS that allows us to trade "today's big winners". Therefore, keep the posts coming on the trading of SEEK, interpreting the proper base, pivot points, etc. I think it is all valid and it belongs on this list! Good trading, Joe J. - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] RCGI Date: 09 Jan 1999 01:21:14 -0500 Patrick, you could add to that an ROE of 15%, and the funds owning better than three times the shares that management owns, so guess who ultimately controls the price of the stock, and the likelihood of funds going in and buying more shares. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- > -----Original Message----- > From: Charles Cangialosi [SMTP:chcng@worldnet.att.net] > Sent: Friday, January 08, 1999 1:03 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] RCGI > > Hi, > The volume, as you indicated is up there almost 3x's normal. It > appears to > have be in a trading range for a while, OTOH, 30 looks like resistance > and > it is about through that. Fundies look OK 95 75 BAB in IBD. > If you get a chance look at QTRN. It has been doing the same thing > forever. > [Wahl, Patrick] RS under 80 was the only negative I could see, plus a possibly overbought market. I day or two of upward movement in RCGI would get that RS up there though. - - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] M - Charlie Date: 09 Jan 1999 04:09:38 -0500 Tom, What you are doing is what I would like to be doing. I'm still on the short end of the learning curve. However, I am going to take Craig's (yours and others) suggestions and look hard for stocks with the correct entry point. That has been the biggest challenge so it is the part I need to work on the most. I am using QP2. It's good and definitely useful and will probably be more so as I get better at it. DGO is probably a year or so away for me. The expense at the moment is more than want to manage. I want to gain a little more experience first. I really like this list and hope it continues. One day I may be able to contribute something to some newbie to repay the help I and other newbies have received. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Saturday, January 09, 1999 12:13 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] M - Charlie > > > Charlie, > > Craig already made the point that I was going to make, both > T and MSFT have great, and I mean GREAT, CANSLIM elements. > But what they BOTH lack is a good base for setting up a > breakout. That aspect (a base leading to a breakout) is a > fundamental part of CANSLIM as developed by WON. Of course, > neither meet the criteria for "S" or "I" in CANSLIM either, > but WON has been wobbling on that for the past several > years. CANSLIM is not only about finding the stocks with > high RS and/or high EPS, it's also about timing your entry, > and for that you must study charts. > > Craig is correct, I am lost without Daily Graphs. Have had > the paper books for many years now, along with many other > WON pubs and sources. Grew addicted to DGO (Daily Graphs > Online) while it was in beta, and loved it because it gives > me a basic CANSLIM chart of every stock, not just those in > the books. Excellent resource if the cost works for you. > After changing jobs (read it as being fired before I could > quit, still best thing ever happened to me), I lost the > paper version, but continued online even after I had to > start paying. > > Without the ability to understand charts, I seriously doubt > I could make money with CANSLIM. I do also use BigCharts > for technical analysis, which I added to my "skills" > portfolio in the past year or so. But my starting point > always remains CANSLIM elements as I see them at DGO. I only > use BigCharts for helping time my entry, exit and hold > decisions. I manually screen stocks hitting new highs, as > well as constantly reviewing those stocks I have already > added to my "watch list" looking first at their CS elements, > then using BigCharts at their technical aspects. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Craig Griffin > To: canslim@lists.xmission.com > Date: Friday, January 08, 1999 10:23 AM > Subject: Re: [CANSLIM] M - Charlie > > > > 4) Use DG separately or in conjunction with all of the > above. Tom Worley > does this along with several others on the list and maybe > they will speak > to their methodology. I am a sometimes (monthly) subscriber > to the paper > copy of the NASDAQ and use it to look up fundamental data > and to scan for > bases (occassionally). Others use the DG Online as thier > everything. > > > > > - > > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Charts Date: 09 Jan 1999 09:59:32 -0500 I have gone back to HTMMIS to review the chart patters WON gives towards the back of the book. He has a lot of chart patterns back there that he calls CWH and double bottoms which look pretty much like just flat bases to me. Some of the CWH dont look like a CWH to me. I guess I have a long way to go in chart recognition. Charlie - ------------------------------------------------------------------------------- From: David Reid Subject: Re: [CANSLIM] Current M (and a question) Date: 09 Jan 1999 10:32:47 -0800 I want to ask if the fact that more people want to own stocks than ever before in history, is causing a shortage in some stocks thus driving up the whole stock market?? Also do you think that as long as the pension money keeps flowing in, what is gonna stop this Bull from running? I own three stocks at the present and two out of three have broken out this past week on heavy volume, so I guess you cant fight the tape. David Tom Worley wrote: > Hi Jerry, > > Mostly I second Craig's comments, but would also add that we > are in more of a global economy, and global stock market, > than ever before. I used to be a totally domestic (that is, > USA based) investor and largely ignored whatever was > happening elsewhere. Over the past several years, I have > returned to some of my roots of economics and int'l > relations/politics, and believe that the USA mkt is far more > affected by global events and economies than ever before. > Thus, while I rarely invest outside of the USA ( I chose not > to add currency risk to investing risk), I still pay > attention to what's happening around the globe. I expected > at least a 1% spike on the open today, based on global mkts > and the futures. It opened stronger than I anticipated, so > was not surprised that it eventually gave back all its > gains. I was also not surprised that the sheer strength of > this mkt, along with other factors like a strong dollar > rebound after the intro of the Euro, Brazil's dangerous > flirtation with recession and collapse, Japan's failure to > enact meaningful change and continued flirtation with new 12 > year lows, etc would finally lead to a nice closing gain for > the day. The underpinings of today's US mkt are the > economics, despite the steadily contraction of mfr activity > (7th straight month of downtrend and now in a meaningful > contraction); growing inventories; rising unemployment > (steady monthly record nrs of bankruptcy filings, good for > one of my stocks); and so forth. But the bottom line > remains: despite all this, the US economy still is managing > to grow several percent (or more a year); Greenspan has his > thumb on the process and intends to continue micromanaging > the economy to whatever degree he must; the USA remains in > the midst of the healthiest and longest economic expansion > it likely has ever enjoyed; and finally despite Zippergate > and impeachment the USA economy appears to still be #1 in > the globe. > > Flight to safety continues, tho at a lesser and healthier > pace. Meanwhile, money continues to flow into 401 plans at > record levels. That money must be put somewhere, and the > institutional money managers will continue to park it in > liquid (e.g. big cap) stocks. Charts on virtually every > index I study look healthy and positive (yes, including > Russell 2000), and all I need to be able to declare total > war on the bears is to see the Transportation index pick up > some. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Craig Griffin > To: canslim@lists.xmission.com > Date: Friday, January 08, 1999 10:49 AM > Subject: Re: [CANSLIM] Current M > > Jerry, > > I don't know. But all of the issues you point out are > certainly concerns. > This market not only is powerful, it is also frothy (Turkeys > are flying, > and people are jumping on anything that moves and says > ".com"). Lots of > stocks have advanced 35% in 3 or 4 days. It seems nuts and > we are overdue > a consolidation at least. > > But, the DJIA, S&P500, and NASDAQ have positive chart > patterns and the > new/high low ratio continues to improve, and many, if not > most breakouts > are working. So, my theory: the green light is on for now > (could change > any day). Ride breakouts as always when in "bull mode". > Keep a wary eye > out for distribution days and other signs of a top. > > Even as the DJIA was breaking out, I saw two toppy signs in > the NASDAQ: 1) > gap up two days ago - looked like the top of a climax run to > me, 2) big > distribution type of day yesterday, but not exactly. Today > looks like it > may be another and more definite distribution day followed > by some backing > and filling over the next week or two. (We gapped up about > 40 pts- 2% - on > the NASDAQ today and here we are at 10:30, only up 12 pts). > But one never > knows - it could still end up 2% for today. One day at the > time. I will > continue to buy nice looking breakouts as cash permits (so > not right now), > until we get a couple more days of distribution at least, or > until the > breakouts start failing on me. > > My point in the earlier post about the "powerful" M was not > that every day > will be up or that we are not (over)-due a consolidation. > Only that, I > would be very surprised if we had a major correction here. > I would expect > the cup w/handle bases that the indexes have formed to offer > support at the > top of the base or slightly below it. A pullback of 5-8% in > rapid fashion > would be no surprise at any time. A retracing of the years > gains would > probably work to scare out a lot of folks and hurt plenty of > Johnie Come > Lately's. And the market does work overtime to hurt you, > unfortunately. > > Best Regards, > Craig > > At 10:24 AM 1/8/99 -0500, you wrote: > >Hi all, > > > >The current state of M is, at least, confusing to me. Some > of the > >negatives I see is: according to IBD, the bullish Advisor > Sentiment is at > >a new high (contrarian, therefore bearish), and the Adv/Dec > line has been > >essentially flat since early last November, even with an > uptrending S&P, > >DJIA, and NASDAQ. What does that say for the "broader > market"? > > > >Some others--the VIX is inching back up, the ABCDE numbers > posted here on > >this list are slowly eroding. > > > >I don't want to sound like I am screaming "the sky is > falling" but would be > >interested in what others are seeing in these indicators. > > > >Jerry Hickman > >Midland, MI > > > > > >- > > > > > > - > > - - ------------------------------------------------------------------------------- From: dbphoenix Subject: [CANSLIM] importing list Date: 09 Jan 1999 07:37:34 -0800 (PST) <> Once you have your symbol list (saved as text), create a group in Security Maintenance, then click "Read ASCII Symbol file" on the lower right-hand corner of the Edit Groups page. Once you've found the file, open it and save it to the group you created. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: ToothDr1@aol.com Subject: [CANSLIM] Sector lists Date: 09 Jan 1999 10:59:29 EST I really appreciate Naples-Jan P&F sector updates, Thanks Jan Can anyone tell me where I can find and print the list of the 197 IBD sectors and listings of some of the stocks contained in these sectors. As an example ,Oil field services: containing SLB and HAL Thanks in advance: Jim Kiser - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Charts Date: 09 Jan 1999 11:09:12 -0500 At 09:59 AM 1/9/99 -0500, you wrote: > > I have gone back to HTMMIS to review the chart patters WON gives towards >the back of the book. He has a lot of chart patterns back there that he >calls CWH and double bottoms which look pretty much like just flat bases to >me. Some of the CWH dont look like a CWH to me. I guess I have a long way to >go in chart recognition. > >Charlie Here are some samples: http://home.att.net/~pwahl/ This is a web page by Canslim list member Patrick Wahl. Lots of good stuff here. http://www.accessone.com/~logical/farm98.htm When you get to this page, scroll down to the "Stock Farmer Collection" bullet and look at those links. Like Patrick's page, has nice base pattern examples. Also - Take a look at Investors Business Daily "Guide to the Markets" book pages 128-135. Maybe just browse it at the store or check it out from the library. For some reason O'Neil likes to use weekly patterns in his books, which makes it harder to follow, since you end up using daily charts for stock selection for the most part. Weekly patterns do have their place. I use them everyday - especially to look at up vs. down volume weekly in a stock, and once in a while the base is more obvious with a weekly chart. But, 90% of what I look at is a daily semi-log chart. Weekly charts are not very useful in identifying the pivot point either. - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Chart Scans for QP2 and WOW Date: 09 Jan 1999 11:12:27 -0500 The following website has both QP2 and WOW / Metastock chart scans in the public domain - http://members.aol.com/taornotta/index.htm When you get there select the "Formulas" link. This will take you to a page with two kinds of chart database scans: 1) Metastock and Windows on Wallstreet Scans 2) QP Scans There are probably 50 scans of various sorts in each group. When you initially get to the Formulas page the scans shown are for WOW. To see the QP scans, select the "Quotes Plus Scans" option at the top of the page. One of these scans may suit your needs, or, using these scans as an example you should be able to reproduce the IBD Weekend Review more or less (or even a better scan of some sort). IBD's weekend review says it is "all stocks above $7, within 15% of 12 mos high, and with EPS rank and Relative Strength of 85 or more". The only tough part is simulating EPS rank and RS of 85 or more (but check on the "EPS/QRS" scans for help). You also might want to skip all stocks with an average daily volume of less than say 30,000 shares or perhaps 15,000 shares. You also might want to skip all stocks with less than 1 million shares in the float or more than 200 million (or whatever). One thing about this type of scan: within 15% of old high is going to find lots of extended stocks that broke out days or weeks ago and have been hitting new highs for a while now. These are not what you are looking for, of course, but they are hard to weed out automatically. In addition, mixed in among all those extended stocks, will be stocks that are just approaching the top of their base and have not yet broken out into new high ground. These are the ones you are looking for (and it will be easy to see them as you page through the chart patterns). There are also scans to look for breakouts and bases and even one called "Canslim" by a (current/former?) member of this list, Mike Artobello. Also take a look at the Brookins and Brotnov scans (they practice Canslim variations). There are of course, lots of scans having to do with Stochastics, MACD and other technical indicators that some in our group use in conjunction with Canslim. You probably would want to keep it simple for a while (just get a scan that does a reasonably good job of helping you finding bases) and then expand from there if you find it necessary. - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Sector lists Date: 09 Jan 1999 11:19:20 -0500 Jim, IBD sell this listing in book for for 35. I have it if you have specific questions let me know I will look them up for you. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of ToothDr1@aol.com > Sent: Saturday, January 09, 1999 10:59 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Sector lists > > > I really appreciate Naples-Jan P&F sector updates, Thanks Jan > Can anyone tell me where I can find and print the list of the 197 > IBD sectors > and listings of some of the stocks contained in these sectors. > As an example ,Oil field services: containing SLB and HAL > > Thanks in advance: > > Jim Kiser > > - > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] M - Charlie Date: 09 Jan 1999 11:45:21 -0500 What may come as a surprise to some investors is that it's far more difficult to find a "correct" entry point in the kind of mkt we are currently enjoying. And there's a danger in that, since the majority of stocks are moving up, you can throw darts and likely make money, so you don't get your decisions challenged. In this mkt, it's very difficult to find stocks with good CS elements that are also basing for more than a week or two, much less the desirable 6-8 weeks. I find I do better with my lists of stocks hitting new highs on moderately down days, as the "quiet ones" have a chance to prove themselves. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Tom, What you are doing is what I would like to be doing. I'm still on the short end of the learning curve. However, I am going to take Craig's (yours and others) suggestions and look hard for stocks with the correct entry point. That has been the biggest challenge so it is the part I need to work on the most. I am using QP2. It's good and definitely useful and will probably be more so as I get better at it. DGO is probably a year or so away for me. The expense at the moment is more than want to manage. I want to gain a little more experience first. I really like this list and hope it continues. One day I may be able to contribute something to some newbie to repay the help I and other newbies have received. Charlie - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Charts Date: 09 Jan 1999 11:50:32 -0500 Charlie, HTMMIS is so far out of date with regard to chart studying, I wouldn't spend much time on it. I found it confused me more than helped me when I first read it almost a decade ago. I think you would gain more from studying the charts in IBD and using their weekend review, along with some "non CANSLIM" texts on chart reading. Yeah, I know, this sounds like heresy, but frankly the mkt conditions, as well as WON, have changed a lot in the past decade. And I find it's important to read charts in the context of the present (e.g. a year or so up to about 3) and the charts in HTMMIS are simply too outdated to be good examples. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I have gone back to HTMMIS to review the chart patters WON gives towards the back of the book. He has a lot of chart patterns back there that he calls CWH and double bottoms which look pretty much like just flat bases to me. Some of the CWH dont look like a CWH to me. I guess I have a long way to go in chart recognition. Charlie - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Current M (and a question) Date: 09 Jan 1999 12:02:19 -0500 David, the continual inflow of money from IRAs, 401s, and the like, along with the steady infusion of money from investors using the stock mkt as their favored "savings account" (hey, who wants to get 2.5% or so in a real bank account??) means that the institutional money managers will likely always have cash to work with. A corrolary is the continued high level of stocks shorted. At some time, this short position means potential buying power as well. Does this mean this market can never sustain a true, long term, bear market?? No, emphatically not. But I do believe that so long as the economy remains healthy and growing, even at a 1 or 2% level, and employment remains at current levels, there will continue to be a net positive inflow of money to the stock market, it's the best game in town. Is there a shortage of shares of stocks to be owned? Not really, tho I do believe that the big caps have benefited in part from a trend towards this as all the institutionals plugged their money into the most liquid of stocks, thus drying up the excess supply despite the lack of earnings growth. But as this occurs, you see far more IPOs and stock splits, which increases the "supply" side of shares trading. And as prices rise, you see higher volume as investors take profits (or shorts cover) also increasing liquidity. Offsetting this in part is the increased merger and acquisition activity, which in some cases (cash buyout) reduces the nr of shares available. But most M&A deals lately are for stock swaps, so there's shares still available, just of a different company. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I want to ask if the fact that more people want to own stocks than ever before in history, is causing a shortage in some stocks thus driving up the whole stock market?? Also do you think that as long as the pension money keeps flowing in, what is gonna stop this Bull from running? I own three stocks at the present and two out of three have broken out this past week on heavy volume, so I guess you cant fight the tape. David Tom Worley wrote: > Hi Jerry, > > Mostly I second Craig's comments, but would also add that we > are in more of a global economy, and global stock market, > than ever before. I used to be a totally domestic (that is, > USA based) investor and largely ignored whatever was > happening elsewhere. Over the past several years, I have > returned to some of my roots of economics and int'l > relations/politics, and believe that the USA mkt is far more > affected by global events and economies than ever before. > Thus, while I rarely invest outside of the USA ( I chose not > to add currency risk to investing risk), I still pay > attention to what's happening around the globe. I expected > at least a 1% spike on the open today, based on global mkts > and the futures. It opened stronger than I anticipated, so > was not surprised that it eventually gave back all its > gains. I was also not surprised that the sheer strength of > this mkt, along with other factors like a strong dollar > rebound after the intro of the Euro, Brazil's dangerous > flirtation with recession and collapse, Japan's failure to > enact meaningful change and continued flirtation with new 12 > year lows, etc would finally lead to a nice closing gain for > the day. The underpinings of today's US mkt are the > economics, despite the steadily contraction of mfr activity > (7th straight month of downtrend and now in a meaningful > contraction); growing inventories; rising unemployment > (steady monthly record nrs of bankruptcy filings, good for > one of my stocks); and so forth. But the bottom line > remains: despite all this, the US economy still is managing > to grow several percent (or more a year); Greenspan has his > thumb on the process and intends to continue micromanaging > the economy to whatever degree he must; the USA remains in > the midst of the healthiest and longest economic expansion > it likely has ever enjoyed; and finally despite Zippergate > and impeachment the USA economy appears to still be #1 in > the globe. > > Flight to safety continues, tho at a lesser and healthier > pace. Meanwhile, money continues to flow into 401 plans at > record levels. That money must be put somewhere, and the > institutional money managers will continue to park it in > liquid (e.g. big cap) stocks. Charts on virtually every > index I study look healthy and positive (yes, including > Russell 2000), and all I need to be able to declare total > war on the bears is to see the Transportation index pick up > some. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Craig Griffin > To: canslim@lists.xmission.com > Date: Friday, January 08, 1999 10:49 AM > Subject: Re: [CANSLIM] Current M > > Jerry, > > I don't know. But all of the issues you point out are > certainly concerns. > This market not only is powerful, it is also frothy (Turkeys > are flying, > and people are jumping on anything that moves and says > ".com"). Lots of > stocks have advanced 35% in 3 or 4 days. It seems nuts and > we are overdue > a consolidation at least. > > But, the DJIA, S&P500, and NASDAQ have positive chart > patterns and the > new/high low ratio continues to improve, and many, if not > most breakouts > are working. So, my theory: the green light is on for now > (could change > any day). Ride breakouts as always when in "bull mode". > Keep a wary eye > out for distribution days and other signs of a top. > > Even as the DJIA was breaking out, I saw two toppy signs in > the NASDAQ: 1) > gap up two days ago - looked like the top of a climax run to > me, 2) big > distribution type of day yesterday, but not exactly. Today > looks like it > may be another and more definite distribution day followed > by some backing > and filling over the next week or two. (We gapped up about > 40 pts- 2% - on > the NASDAQ today and here we are at 10:30, only up 12 pts). > But one never > knows - it could still end up 2% for today. One day at the > time. I will > continue to buy nice looking breakouts as cash permits (so > not right now), > until we get a couple more days of distribution at least, or > until the > breakouts start failing on me. > > My point in the earlier post about the "powerful" M was not > that every day > will be up or that we are not (over)-due a consolidation. > Only that, I > would be very surprised if we had a major correction here. > I would expect > the cup w/handle bases that the indexes have formed to offer > support at the > top of the base or slightly below it. A pullback of 5-8% in > rapid fashion > would be no surprise at any time. A retracing of the years > gains would > probably work to scare out a lot of folks and hurt plenty of > Johnie Come > Lately's. And the market does work overtime to hurt you, > unfortunately. > > Best Regards, > Craig > > At 10:24 AM 1/8/99 -0500, you wrote: > >Hi all, > > > >The current state of M is, at least, confusing to me. Some > of the > >negatives I see is: according to IBD, the bullish Advisor > Sentiment is at > >a new high (contrarian, therefore bearish), and the Adv/Dec > line has been > >essentially flat since early last November, even with an > uptrending S&P, > >DJIA, and NASDAQ. What does that say for the "broader > market"? > > > >Some others--the VIX is inching back up, the ABCDE numbers > posted here on > >this list are slowly eroding. > > > >I don't want to sound like I am screaming "the sky is > falling" but would be > >interested in what others are seeing in these indicators. > > > >Jerry Hickman > >Midland, MI > > > > > >- > > > > > > - > > - - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Charts Date: 09 Jan 1999 12:07:55 -0500 Craig, Of all the resources I have ever had access to, the best was WON's "red books" (actually maroon) which were 11"X17" books produced for institutionals. The charts were five year weekly charts on a log scale. Spotting c&h patterns and flat bases etc were really easy on them compared to daily one year charts. Unfortunately, it cost then about $150,000/year to get the books, a little over my budget now. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- For some reason O'Neil likes to use weekly patterns in his books, which makes it harder to follow, since you end up using daily charts for stock selection for the most part. Weekly patterns do have their place. I use them everyday - especially to look at up vs. down volume weekly in a stock, and once in a while the base is more obvious with a weekly chart. But, 90% of what I look at is a daily semi-log chart. Weekly charts are not very useful in identifying the pivot point either. - - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] M - Charlie Date: 09 Jan 1999 12:52:28 -0500 Craig, Wow! I'm honored to receive such favorable commentary from the Zen Master himself . The list is free and always will be (I'd probably have just a few legal problems charging for it anyway). The primary reason I put this together is for my own trading. I decided to offer it to the various lists, boards and email groups I have benefited from as my way of saying thanks and giving something back. I do this with one big caveat - I make no guarantees that I will produce it on any standard schedule or that I will do so each and every week. Sometimes (Many times) life just gets in the way. That having been said, I do my best to put the list out every weekend, usually on Sunday nights. With this understanding in mind, if anyone would like to be added to my distribution list, just drop me a private email (no need to clutter up the list) at ronrussell@home.com. Ron 2) (Excellent/Easy) Here is a simpler way to get candidates. It will not be exactly the same list, but it is just as good: subscribe to Ron Russell's weekly email of Canslim stocks (the number of stocks that pass his filters rise and fall each week based on market action - but you usually will have about 200 candidates to look through - and no typing - he updates it for you - no charge. ) And the spreadsheet he sends contains all kinds of cool fundamental data. I am a long time subscriber (did I mention it is free). THANK YOU RON! Then do the same with Ron's list. Go through looking for good bases with QP or TC2000 or any stock database/charting package (they all will accept lists of stock symbols as input and you can simply page through them, clickly click, same as in #1, just no typing of symbols required to build the list). - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - Help Needed Date: 09 Jan 1999 13:13:31 -0500 All, OK, I messed up and somehow managed to loose some of this week's data. If anyone else is downloading and saving the DGO data, I need the "Daily Graphs Printed Product Co. Index" from Monday (P/E and Timeliness) and Wednesday (Alpha and Beta). I still can and will produce the list without these files, the data will just be a little worn. Thanks, Ron - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - Help Needed Date: 09 Jan 1999 12:41:23 -0500 All, OK, I messed up and somehow managed to loose some of this week's data. If anyone else is downloading and saving the DGO data, I need the "Daily Graphs Printed Product Co. Index" from Monday (P/E and Timeliness) and Wednesday (Alpha and Beta). I still can and will produce the list without these files, the data will just be a little worn. Thanks, Ron - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Charts Date: 09 Jan 1999 13:47:18 -0500 I'm glad to hear that it is not totally me that cant see some of the patterns. I ordered, Investors Business Daily "Guide to the Markets", WON is a money making machine. Also I am single handedly going to solve amazons profitability problem. Hope I live long enough to read all the stuff I have ordered. I am spending the weekend with the weekend review and Ron's last list. Amazing how most of the same stocks end up on both. Picking the pivot point has been a difficult thing for me. I think I have learned a lot in this past week. Maybe one day I can even make a little money with it. Does it seem reasonable to use CANSLIM to pick stocks, breakouts, pivot points etc. and to use Elder's triple screen as confirmation? It seems a reasonable approach. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Saturday, January 09, 1999 11:51 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Charts > > > Charlie, HTMMIS is so far out of date with regard to chart > studying, I wouldn't spend much time on it. I found it > confused me more than helped me when I first read it almost > a decade ago. I think you would gain more from studying the > charts in IBD and using their weekend review, along with > some "non CANSLIM" texts on chart reading. > > Yeah, I know, this sounds like heresy, but frankly the mkt > conditions, as well as WON, have changed a lot in the past > decade. And I find it's important to read charts in the > context of the present (e.g. a year or so up to about 3) and > the charts in HTMMIS are simply too outdated to be good > examples. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Charles Cangialosi > To: canslim > Date: Saturday, January 09, 1999 9:58 AM > Subject: [CANSLIM] Charts > > > > I have gone back to HTMMIS to review the chart patters WON > gives towards > the back of the book. He has a lot of chart patterns back > there that he > calls CWH and double bottoms which look pretty much like > just flat bases to > me. Some of the CWH dont look like a CWH to me. I guess I > have a long way to > go in chart recognition. > > Charlie > > > - > > > > - > - ------------------------------------------------------------------------------- From: "M Sims" Subject: [CANSLIM] Thanks Db Date: 09 Jan 1999 14:30:30 -0800 Thanks Db...it worked like a charm Mike > Once you have your symbol list (saved as text), create a group in > Security Maintenance, then click "Read ASCII Symbol file" on the lower > right-hand corner of the Edit Groups page. Once you've found the > file, open it and save it to the group you created. > > --Db > > > > > == > > "Lessons are repeated until they are learned." > http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: Jeffry White Subject: [CANSLIM] AOL Date: 09 Jan 1999 18:09:19 -0500 AOL - HTF, watching Connie Mack's 3,7,10 EMA and slow stochs for entry. Volume draw down is compelling...watching the higher lows for a sign of failure. IMAXF - Nice break out from long C&H base, group sucks, looking for entry on CM's indicators as above. Volume draw down in progress. "M" - Humbling....seemingly as dangerous as I've seen it, but so compelling to the greedy... Happy New Year to the Group. Jeffry - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] little green men Date: 09 Jan 1999 19:51:15 -0800 > I thought this was a pretty universal group, where everyone > from newbies to experieced traders might have the > opportunity to learn. That's been one of my premises in > continuing to participate. If it's to be changed into one of > only saavy, experienced, momentum based "traders", then it's > changing in a way I can't support. One of the charms of this > group has been its uniqueness in the internet. I hate to see > it become just like so many other "net" "discussion" groups. I think you are close to jumping the gun a bit. I think if you are looking at the responses to Charles questions, you see a lot of helpful posts that follow the Canslim doctrine. I think we are still pretty far from being a bunch of strictly momentum people. Actually, I wish someone had been adamant about buying Amazon a few months ago, I'd be in fat city right now. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] little green men Date: 09 Jan 1999 19:51:15 -0800 Date sent: Fri, 08 Jan 1999 11:34:46 -0700 > Thus, I propose that we use this list to attempt to "rebuild" CS to > allow it to work in today's conditions. Let's find a version of CS that > allows us to trade "today's big winners". Therefore, keep the posts > coming on the trading of SEEK, interpreting the proper base, pivot > points, etc. I think it is all valid and it belongs on this list! Good post, I think I agree with most of what you are saying. Any system that would have you out of the internet stocks completely, one of the hottest groups of the last 20 years, probably needs a bit of tweaking. What that group was missing was C and A, but what it had in a very big way was the N and the L. Probably the only thing that needs to be rethought a bit is how much weight should N be given. Clearly, when something is as revolutionary as the internet is (supposed to be at least, I think it will be) you probably have to try to make an evaluation of how much potential something has and invest on that basis and not on how much something has earned in the past. This is probably riskier however because there is nothing tangible to base valuations on. If you do start making exceptions though, I think you need well though out reasons for doing so, not just that stock xyz is going up. James Cramer had a good point on CNBC this week when talking about the internet stocks and making a comparison to some spreadsheet companies of a few years ago. He said he wouldn't have minded buying Visicalc, Lotus, and Microsoft, and losing on 2 out of the 3 stocks. The third one more than makes up for the other two. He feels that way now about the internet stocks - you might not know which ones will work out, but some of them will. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] imaxf Date: 09 Jan 1999 19:51:15 -0800 While I was slapping some new charts together for my page, I noticed that Imaxf looks quite a bit like Micrel did right after it broke out. Might be a low risk trade here, where you can buy imax and bail out if the price pulls back into the handle. If anyone wants to see what I am talking about, I am going to put the chart of imaxf up on my page. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] SEEK Date: 09 Jan 1999 19:51:15 -0800 Date sent: Thu, 7 Jan 1999 07:44:41 -0600 (CST) > I don't always see cup with handles, > in fact, I find that pattern the hardest > to spot. This is very helpful. I suspect you aren't the only one, today I put several more examples of C&H at my page, plus a definition of sorts, so see if that helps you out. Of course, the C&H pattern is a bit subjective, so some people might not even agree that one of the charts I put up is a c&h, but anyway, hopefully you will find it helpful. At - http://home.att.net/~pwahl - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] little green men Date: 09 Jan 1999 21:00:12 -0800 >>Heck, I bet he even owns a few shares in AOL and AMZN right now! << In this comming Mondays 26 week series (the last btw), he makes a reference to owning a few shares of Yahoo. Guess it's hard to pass up pure momentum plays. - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Graphic Displays Date: 09 Jan 1999 22:47:14 -0800 The graphs used by Bill O'Neil are weekly graphs and are on a log scale, whereas DailyGraphs are daily and on an arithmetic scale. The difference in the look of these graphs on the same company can by look drastically different. On the industry groups. there will be a number of changes very shorly. If you buy on of the industry group books, make sure it's the most up-to-date. For example, there will be 4 internet groups (e*commerce, ISP's, etc.) The Engineering R&D, etc. will disappear. The changes should take place very shortly. Best regards, George G. - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] Little Green Men Date: 10 Jan 1999 03:09:11 -0500 Hi Db, The alien abductions are spreading. Long time IBD staffers are now suspect : Fasciocco, and Jeffry's favorite (Fleckenstein), have been spotted with antennae. Traces of unknown green TA left everywhere. The article you mention Db, is from last Thursday's IBD and discusses buying Amazon, Ebay, Network Solutions, and Beyond.com using Flags, Triangles, and Pennants, and nothing else. This is a real eye-opener article for canslimmers. If I had access to a working scanner, I would post the article for the group. Friday's IBD had an all-technical analysis article on the Dow with interesting comments on Top formations. In Saturday's IBD WON column, he mentions that he has owned Yahoo for some time. All of this kinda makes HTMMIS seem a little musty. No flame-mail for this remark please, I still think the book is a must-read. It just seems like the book is graying rapidly and oughta spend its winters in Florida.... ;-) (Sorry Tom, nothing personal... I've shovelled the driveway five times in the last seven days and I'm envious). Walter Oakville ON, Canada dbphoenix wrote: > I'm becoming concerned. > > I hadn't visited the Success series for a while and just finished > catching up. In HTMMIS, O'N pooh-poohs PEs for a variety of reasons, > yet he now advocates using them as a source of sell signals. He has > also repeatedly pooh-poohed the use of moving averages and trendlines, > yet he now suggests that one pay close attention to them. > > Clearly, O'N is a victim of alien abduction, and the person who is now > providing all this advice is not O'N, but an alien impostor. > > If you doubt this, I heard that there's an article in IBD stating that > the best way to make money in this market is to buy HTFs. > > Enough said. > > --Db - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] SEEK?CHICO Date: 10 Jan 1999 05:39:33 -0800 (PST) Patrick, I looked at CHICO's C&H big picture. In early June did we see a climax run (up alot on big volume) and in late June distribution (heavy volume, not much price movement)? TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Little Green Men Date: 10 Jan 1999 08:59:53 -0500 That's ok, Walter, I think HTMMIS is a must read also, but is going gray even faster than I (and I had to blow the snow off a very long driveway 7 days a week for my four years in Sault Ste Marie, MI, that's one reason I am now where it's in the mid 60s in January, tho raining so can't do my yardwork today, drat!). As a general response to all the comments on CANSLIM vs missing out on the internet stocks, I still don't see why CANSLIM needs to be reinvented. There are many investment strategies that allowed participation in momentum based stocks lacking earnings, just find one of them that works for you and use it as well, or instead of, CANSLIM. The philosophy designed by Wm O'Neil was never intended to fit all investors, nor all investing situations. To do so would mean it would have to be even more generalized and vague than it already is. CANSLIM is actually designed for a relatively narrow group of stocks, with accelerating earnings (or at least rapidly decreasing losses) being one of the factors. Not all stocks will ever fit into CANSLIM, no matter how you "tweak" it. And what happens the next time some other sector or industry group or whatever doesn't fit into the "round hole"? You can still use CANSLIM rules and principles on stocks that don't meet all CS criteria, most investors using CANSLIM do it all the time. But at least you are making a conscious decision to ignore some part of CANSLIM. During my years as a retail broker, I frequently had clients ask me about a particular stock. I would first assess it against a CANSLIM criteria, then brief the client on its strengths and weaknesses and any news that pertained. Just because the stock might not measure up on CS basis didn't mean that there weren't reasons for the stock to succeed, I just had to be aware of other factors like increasing volume, moving averages, activity within its industry group, sales and earnings trends, etc. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Hi Db, The alien abductions are spreading. Long time IBD staffers are now suspect : Fasciocco, and Jeffry's favorite (Fleckenstein), have been spotted with antennae. Traces of unknown green TA left everywhere. The article you mention Db, is from last Thursday's IBD and discusses buying Amazon, Ebay, Network Solutions, and Beyond.com using Flags, Triangles, and Pennants, and nothing else. This is a real eye-opener article for canslimmers. If I had access to a working scanner, I would post the article for the group. Friday's IBD had an all-technical analysis article on the Dow with interesting comments on Top formations. In Saturday's IBD WON column, he mentions that he has owned Yahoo for some time. All of this kinda makes HTMMIS seem a little musty. No flame-mail for this remark please, I still think the book is a must-read. It just seems like the book is graying rapidly and oughta spend its winters in Florida.... ;-) (Sorry Tom, nothing personal... I've shovelled the driveway five times in the last seven days and I'm envious). Walter Oakville ON, Canada dbphoenix wrote: > I'm becoming concerned. > > I hadn't visited the Success series for a while and just finished > catching up. In HTMMIS, O'N pooh-poohs PEs for a variety of reasons, > yet he now advocates using them as a source of sell signals. He has > also repeatedly pooh-poohed the use of moving averages and trendlines, > yet he now suggests that one pay close attention to them. > > Clearly, O'N is a victim of alien abduction, and the person who is now > providing all this advice is not O'N, but an alien impostor. > > If you doubt this, I heard that there's an article in IBD stating that > the best way to make money in this market is to buy HTFs. > > Enough said. > > --Db - - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] Little Green Men Date: 10 Jan 1999 06:04:00 -0800 (PST) "In Saturday's IBD WON column, he mentions that he has owned Yahoo for some time." WON mentioned this at a teleconference as well. He said he, "just knew" that Yahoo would be good (IBD was spending big bucks advertising). In my mind, this leans toward Lynch and using judgement and buying what you know. WON must have gotten results with Yahoo advertising or he wouldn't have continued. This makes sense to me, I "just knew" Walmart was doing fine and Sears wasn't, there was a line waiting to get into the parking lot over the holidays. The Sears store was basically empty. You know, I was so into Canslim that I took guests to the teleconference with me. Their attitude, yes there are some great things about Canslim, but WON is selling newspapers. I thought they were just being closed minded. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO New Highs Date: 10 Jan 1999 09:23:56 -0500 Despite having a fifth trading day, the total nr of stocks hitting new highs in the Daily Graph books only increased slightly to 437 (from 424), and the nr meeting the basic test of RS/EPS of 80/80 dropped from 213 to 182. Here's the survivors: OMC, TSAI, URS, XEIKY, VMC, NLCS, MNC, BELFB, CTX, NDN, BBC, MAST, DTEK, GVA, SWY, CCRD, RX, NCOG, CTL, JWB, LIN, BK, CRFT, SGP, PRY, FM, OCLI, XOMD, AEH, OK, PROX, BHW, BOBJY, JWA, FCBK, FIC, IMAXF, FORR, ICUI, EWB, CBXC, JEC, BEBE, LMTR, PSDI, CPRT, ALSI, SPLS, SERO, ELK, UFS, LSTR, GILTF, RGA, WCOM, GE, SUNW, PVN, KSS, SNPS, THQI, DNEX, ATI, SEIC, ARX, MINI, SONC, AIB, MCRL, FTEN, GAC, APCC, MCSC, HGR, ALTR, IBM, PLXS, NOKA, CNMD, ACS, ODP, XLSW, TJX, TGO, ORBKF, OVRL, HMK, PLT, VSVR, EDMC, VOD, ORLY, AHO, LLTC, MXIM, PBI, SEC, AEG, AXA, SAH, ORCL, MHP, WMT, NSIT, HLYW, GPS, LEVL, PPDI, WHIT, ESRX, SEH, SAPE, FPIC, IBI, EAGL, CDWC, MWHS, ECILF, TIF, PDX, TSS, YNR, SWFT, AVEI, GDT, CHKPF, GNSSF, MSFT, RAD, CREE, EBAY, VTSS, LU, PEGS, CMVT, AIG, USM, GENZ, ARMHY, T, VF, CGX, LM, RMBS, SEBL, CEN, INSS, YHOO, ASND, EMC, TMPW, SDS, GLC, VRTS, SKYW, SDLI, GUC, NITE, DELL, FDS, AMGN, PSEM, LOW, LXK, CSCO, MMS, CTAS, COMR, TCAT, XRX, NTAP, LUV, SANM, GNTX, FISV, AAII, SBC, AFS, UTX, NSOL, PJAM, PRGN. Happy hunting. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Dean Edwards" Subject: Fw: [CANSLIM] little green men Date: 11 Jan 1999 03:35:09 +1300 Nothing in life is more exciting and rewarding than the sudden flash of insight that leaves you a changed person - not only changed, but for the better. ~ Arthur Gordon ~ I have lots of questions. Like when would have WON bought YAHOO? Forgetting for the moment, about the questionable earnings of this company. That a Japanse company indirectly owns a big chuck of Yahoo and is propping up the advertising revenues. My interest is purely with the EPS rank for Yahoo, because it would not have met the strict CANSLIM criteria until 1-2 months ago. There was a interesting discussion in this CANSLIM forum not so long ago, regarding this internet stock (YAHOO) whether it did meet the EPS rank of over 80 or not. If I am led to believe that WON was in cash during the Bear market correction last year and bought Yahoo only at the start of the October bull market rallly, then my analysis tells me that YAHOO would have had an EPS rank < than 80 at that point in time. Unless someone can correct me, I am positive that YAHOO would have only met the EPS > 80 rank until much later. Does anyone have any ideal when WON would have bought YAHOO? It was my own observation that Yahoo was a market leader, as it was one of the first internet stocks to advance significantly in the October rally last year! Does WON break his own rules and buy stocks with an EPS rank < 80 and perhaps RS < 80 as well? YAHOO currently has a market cap of $34 billion and is one of the few Internet stocks that meet the strict CANSLIM criteria. In October it would have have had a market cap of $10 billion. Because it now meets the EPS rank > 80 criteria it is now alright to jump aboard YAHOO! On another note; like many others I question his comments in that 26 Weeks To Successful Investing series. I am cyncial enough to believe it has been ghost written by someone else. In an interview around late 1997 or in early 1998 WON did mention those internet stocks: William O'Neil: Our model book book studies of all the outstanding stocks show the most important criteria was that they had big increases in earnings already behind them. Why mess around with maybes? Recent Internet IPOs --- where he would consider investing in a company that hadn't yet published a profit. William ONeil: AOL has shown earnings in the last few years. They ran through a short period of problems, but they showed 4 cents in 90, 4c in 91, 5c in 92, 6c in 93 up to 24c in 1995. They had a problem in 1997, but they should come out of it this year.If a new company had never shown a profit, I would not buy it. So with a Yahoo at its IPO and Amazon at present... William O'Neil: That does not mean it will not eventually be successful, but we are playing probabilities. Why guess with something that has not been profitable yet. Our approach dictates waiting until profitability. -----Original Message----- >>>Heck, I bet he even owns a few shares in AOL and >AMZN right now! << > >In this comming Mondays 26 week series (the last btw), he makes a reference >to owning a few shares of Yahoo. Guess it's hard to pass up pure momentum >plays. - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Technical stuff [Connie Mack] Date: 10 Jan 1999 10:06:05 -0500 I ran my first OBV/MF scan in three days. I let them slide because I have been trading MU. It has been a profitable ride; but as so often with trading, those who bought and held have done better than I have. Had I shorted MU more [did so only a couple of times in three months] and had been successful, I could have done better than buy and hold. I am neither so deft nor adroit. But I am not "sleepless in Winter Haven." One of my students asked me if I wished that I were smarter. Obviously. But if Schroedinger were right and one can't "reverse the clock," then one need not savage himself for what cannot be. Because I am not smarter, I do not about disparaging my parents and the random ordering of DNA. My point is this. If smarter, I might have been both long and short MU in the months past and therefore have done better than those who bought and held. A trader/investor ought not disparage himself for not taking the last cent off the board. Determine your limits and take what they will give. Don't worry about intelligent errors of trading. Last year I was wrong more than 30% of the time but still made money. I took away just a bit more than 67% of MU's gain for the last three months. In consequence, I do not intend to disparage my parents nor shoot myself for the 33% that will never be mine. Limits. Limits. Limits. Know them and take what they give. For those who have quizzed me about MU these last few days, I say again that I have no plan beyond the next 5-minute screen. The technicals still look good. However, the wider the distance between the 3 and 7 EMA, the greater will be the correction. The MACD is solid. But I have not forgotten the negative divergence of MF; the divergence makes me ever cautious. My position in NOVL [19.5] has gone no where, but the technicals are still intact. I'll comment later on a couple of stocks from today's scan. Connie - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] (no subject) Date: 10 Jan 1999 10:54:04 -0500 MLI, NRES, CMSB, and NCBC survived my OBV/MF scan of Friday's stocks. MLI has a nice positive divergence. However, you have missed by seven or eight days the entry given by the 3/7/10 EMA. Same for the MACD. The gap up Friday implies there is some juice left. For those paying attention to candlestick reading, note that there were no tails on the marker--hence a sign of strength. The positive volume for the last few days looks good. Twenty-four is a resistance area. A break from there would indicate a further move up. NRES has some promise: MACD, 3/7/10 EMA, and Slo-Sto look good. Lot of resistance at 22.25-50. CMSB took out several months of resistance at 16. 3/7/10 EMA is buy. First day buy on MACD. Closed above 50 EMA. If you like ascending triangles, you've one. Watch the spread; volume is fairly modest. Parabolic is four days old. You might try your technical reading on NCBC. Connie - ------------------------------------------------------------------------------- From: Ssingh@aol.com Subject: Re: [CANSLIM] little green men Date: 10 Jan 1999 11:09:35 EST In a message dated 1/9/99 9:49:22 PM Eastern Standard Time, pwahl@postoffice.worldnet.att.net writes: << I wish someone had been adamant about buying Amazon a few months ago, I'd be in fat city right now. >> Not too late Patrick for amzn.com.... It will go higher and higher as I heard mutual funds are buying this now..... More demand, less supply... - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] little green men Date: 10 Jan 1999 12:05:17 -0500 At 11:09 AM 1/10/99 EST, you wrote: >Not too late Patrick for amzn.com.... It will go higher and higher as I heard >mutual funds are buying this now..... More demand, less supply... > I know Patrick will take this statement for what it is worth - your opinion only. But hope that no newbies will trade on this !%@# RUMOR you are sharing with us. As long as we are throwing around opinions, mine would be that odds are good that both AMZN and YHOO have seen their recent highs (Friday) and that it is downhill from here for the next couple of months. By the way ... never trade on someone's opinion (or a rumor), especially mine, and not even your own ;^) - use fundamentals and chart patterns (technicals) along with the other elements of CANSLIM. AMZN is EXTENDED and should not be purchased at this time (needs to form a base first). Looks like there is some support on the chart at 110-120 area and if it breaks below 100, could dip into the mid 70's. Then again it might double again shortly ... but my bet (if I was a gambling man) would be for it to see $100 long before it ever sees $200/share. By the way, as long as I am way, way off topic - - - If you want to throw candlestick charting into the mix ... the NASDAQ and SP500 both look like a Hanging Man on Friday. (possible "Bearish reversal pattern, look for confirmation"). Yahoo looks like a Doji Star, also a potential bearish reversal pattern. AMZN simply looks like the top of a climax run - major distribution day after a gap up. I would be fairly certain if the volume had topped 50 million. I mean we are talking a double in 16 trading days as of Friday's close, right? and a triple in about twice that, say oh 35 trading days? Maybe time to review O'Neil's selling rules in HTMMIS if you haven't already done so. And now I am seeing the doubters convinced, folks saying "Don't short it, its too dangerous" who were saying a month ago "short it, there is no way it can go much higher". Some of the big doubters are even talking about buying it now (how can you miss with a stock that has advanced 2000% in a year?) ... it smells to me like it is all done. As I said, my opinion only, and LIKELY WRONG, but I wouldn't bet the farm on it either way ... Be careful out there. OK, I'll get off my soapbox, sorry, now back to your regularly scheduled programming (CANSLIM) ... - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] little green men Date: 10 Jan 1999 12:23:36 -0500 Ooops. I just re-read my response on this thread and it seems way too harsh and way too opinionated and way too far off-topic. Sometimes things don't come out in print the way you intend them. I feel I must apologize to the group and especially to Ssingh for any offense that was perceived. Certainly none was intended. My wording was beyond indelicate and I apologize. Best Regards, Craig - ------------------------------------------------------------------------------- From: "Dan Sutton" Subject: [CANSLIM] COGIF Date: 10 Jan 1999 12:03:31 -0700 If this one has been discussed, sorry to waste your time. Most of the following information came from TELESCAN and may not coincide exactly with those from IBD, but they are close. COGIF EPS rank - 98 RS rank - 93 Group rank - 92 Next qtr projected EPS - .24 Current quarter EPS projection - .22 Last qtr EPS - .30 2 qtrs ago EPS - .18 2 qtrs ago EPS - .11 4 qtrs ago EPS - .07 5 qtrs ago EPS - .03 Zacks shows that it has 3 analysts following it, all recommending a strong buy In the Comp-Software group, Zacks has it rated number 2 out of 286 ROE is reported on some sites at 8.2 and some sites at 16.9 Profit margin 14.3% 1 year sales increase - 305% Currently at 96% of its 52 week high Currently in a handle of the C&H pattern (cup began in May, handle started about 8 days ago) Volume is dropping in handle Has had 4 positive earnings surprises in the last 4 quarters Friday it finished at 100% of its daily range It has traded higher for the last two days If you read Vic Sperandeo's "Principles of Professional Speculation" (page 254)- COGIF scored a 7 on Friday It doesn't trade very heavily, only about 56,000 shares per day Any comments? - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] canslim Date: 10 Jan 1999 14:07:00 -0500 I have picked out about 22 stocks to follow. I must have looked at a lot of charts. I have not completed Rons list, nor did I get past the first 4 or 5 groups in IBD's weekend review. They are mostly extended to far out but could return. I cant say if it would be worth it if they did. I also looked at some of Ian's box 7. The fundies are less good on some of those but there are a couple of possible entry points. I am seriously looking at MSFT, AOL and T for tomorrow. I am in 100% cash. I started my diary the beginning of the year and plan to continue it. I can do this. It has occurred to me that canslim probably works best in certain environment. Start of a bull market for example. However as we have seen there has to be a bit of flexibility as well. I missed the internet stocks. I would like to have caught them. Of course this is in hindsight. Each day I could have gotten in but was to scared that they would crash the next day. At least I did not loose money during the last few months, I probably deserved to when I consider the number of bone head moves I made. I dont think it would be to sacrilegious to use canslim principles and use some other method for confirmation. I like the triple screen thing a lot. It seems safe enough as long as you start with a good stock and dont try to fight the tape. Trying to short an internet stock because it turned down a little in a bull market was probably the bone headedist thing I did, I had a tight stop so it did not work out to bad. This list is great, I really like the differing views and the willingness of the "graybeards" to help. Charlie - ------------------------------------------------------------------------------- From: FBNAirPlt@aol.com Subject: [CANSLIM] Acc/Dis Numbers Date: 10 Jan 1999 14:20:21 EST Her are the latest Acc/Dis numbers: Date A B C D E AB/A:E %E 1/4/99 1163 2797 1267 1002 377 60% 6% 1/5/99 1281 2939 1226 891 309 63% 5% 1/6/99 1217 3019 1269 871 295 63% 4% 1/7/99 1270 3020 1253 858 292 64% 4% 1/8/99 1409 3050 1149 827 279 66% 4% 1/11/99 1399 3022 1171 835 290 66% 4% Spreedsheet version: Date,A,B,C,D,E,AB/A:E,%E 1/4/99,1163,2797,1267,1002,377,60%,6% 1/5/99,1281,2939,1226,891,309,63%,5% 1/6/99,1217,3019,1269,871,295,63%,4% 1/7/99,1270,3020,1253,858,292,64%,4% 1/8/99,1409,3050,1149,827,279,66%,4% 1/11/99,1399,3022,1171,835,290,66%,4% Robert - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Little Green Men Date: 10 Jan 1999 14:29:00 -0500 At 07:54 1/7/99 -0800, dbphoenix wrote: > >Clearly, O'N is a victim of alien abduction, and the person who is now >providing all this advice is not O'N, but an alien impostor. > >If you doubt this, I heard that there's an article in IBD stating that >the best way to make money in this market is to buy HTFs. > >Enough said. > >--Db > IBD, Thursday, January 7, 1999. "Flags, Pennants Get Aggressive Investor's Attention". Haven't read it yet, too busy. Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: Re: [CANSLIM] COGIF Date: 10 Jan 1999 14:49:44 -0500 The only thing that kept COGIF off my Breakout Watchlist is the lack of any real base. Mark - ------------------------------------------------------------------------------- From: mckeener@ix.netcom.com Subject: [CANSLIM] Little Green Men Date: 10 Jan 1999 18:37:06 -0600 (CST) Hi Walter, "Now that I know what you say, tell me what you do", asked Jim Rodgers of an analyst touting some sector a few months back. At a June seminar, O'Neil said he would invest in Yahoo. It has been featured twice in the New America section. The article you referred to regarding flags and pennants just shows that an investment method needs to adapt. I was rather pleased to see that article because it's time O'Neil addresses what is happening in the market. No matter what method(s) you follow, ultimately, you refine it to suit your tolerance, risk, income and personality. Yahoo, mspg, aol are CANSLIM stocks as far as I read them. Mary - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] NonCanslim, Tom Date: 10 Jan 1999 16:47:36 -0800 (PST) Tom, I have heard on this board and elsewhere that the market discounts/incorporates news into the stock prices. The last few days, pollution related stocks have had a substantial run up. I had planned on following them closely if Al Gore were ever to become president since his presidency should be good for environmental regulation etc. Since you are politically as well as economically astute, is the market telling us that Al Gore will become President soon :)? TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NonCanslim, Tom Date: 10 Jan 1999 20:37:24 -0500 I don't think one has anything to do with the other, esp since Gore has been mostly a total zero for the environment for the past six plus years. What little he has been associated with was mostly forced on him, and he is perceived, by me at least, as having simply not tried. Nor do I expect any better "environmentally concerned" attitude out of him should he become prez now or in two years. As for the likelihood of him succeeding Slick Willy in two years, that's probably a given at this time, with a healthy economy, high employment, windfall profits in the stock mkt, low inflation, low interest rates, etc. Voters cynically vote first on what's best for themselves, the country's interest at best comes in second or third (pretty much a reflection of our politicians). I see no viable candidate within the Republican or Libertarian parties that could pose a serious challenge to Gore at this time. Do I expect Gore to take over before the next election? No, unless Queen Hilary gets tired of all his affairs and kicks him out of the "House". Course then, she likely would have to move out as well, so not likely. Could be an interesting legal question tho, if they separated, who gets to keep the house while he's still in office?? Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Tom, I have heard on this board and elsewhere that the market discounts/incorporates news into the stock prices. The last few days, pollution related stocks have had a substantial run up. I had planned on following them closely if Al Gore were ever to become president since his presidency should be good for environmental regulation etc. Since you are politically as well as economically astute, is the market telling us that Al Gore will become President soon :)? TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: "Peter D. Christiansen" Subject: Re: [CANSLIM] COGIF Date: 11 Jan 1999 08:46:52 +0700 It is on my list. I look at it as having built a year long cup. and if the what appears to be a handle in the making tightens up, and it breaks out, it would be worth a shot. WON states that normally a stock shouldn't drop more than 50% from the top of the cup to the bottom, but he allows for exceptions to this rule. They have beat earnings estimates for the past four quarters. Peter The Jacksons wrote: > The only thing that kept COGIF off my Breakout Watchlist is the lack of any > real base. Mark > > - -- Peter Christiansen Chiang Mai - Thailand * ...when all government... in little as in great things, shall be drawn to Washington as the centre of all power, it will render powerless the checks provided of one government on another and will become as venal and oppressive as the government from which we separated. -- Thomas Jefferson, 1821 * - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Little Green Men Date: 10 Jan 1999 21:14:18 -0500 At 08:59 1/10/99 -0500, Tom Worley wrote: >As a general response to all the comments on CANSLIM vs >missing out on the internet stocks, I still don't see why >CANSLIM needs to be reinvented. There are many investment >strategies that allowed participation in momentum based >stocks lacking earnings, just find one of them that works >for you and use it as well, or instead of, CANSLIM. The >philosophy designed by Wm O'Neil was never intended to fit >all investors, nor all investing situations. To do so would >mean it would have to be even more generalized and vague >than it already is. CANSLIM is actually designed for a >relatively narrow group of stocks, with accelerating >earnings (or at least rapidly decreasing losses) being one >of the factors. Not all stocks will ever fit into CANSLIM, >no matter how you "tweak" it. And what happens the next time >some other sector or industry group or whatever doesn't fit >into the "round hole"? > I always thought of CANSLIM as more of an observation than a designed system. That is to say WON has stated that the best performers in a 50 year period all had the same qualities in common. Those qualities were best described by application of the individual principles in CANSLIM. The Internet fire has potential to change some of the data that is manifested currently, but I think WON's original observations may be intact. In fact the potential to solidify those principles could be just a Internet stock crash ahead. Thus leaving only those with sustainable earnings power and market position in the drivers seat. At that point perhaps the CANSLIM elements could easily be disected and categorized. The rush of institutionals into the hottest industry group to come along in years is better compared to sharks in a feeding frenzy. Where anything is bitten, even the hull of a boat or the steel of a cage. I don't need CANSLIM to define or categorize the action of the Internets, I need CANSLIM to find candidates for the best performing stocks and it will do so. Even when the sharks have had their fill. Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: "Charles Bentley" Subject: [CANSLIM] Interesting observation from Worden Brothers (TC2000) Date: 10 Jan 1999 20:45:44 -600 TIPS & HINTS (Friday, January 8, 1999, 4:00 P.M., ET) We saw a quote today by Scott Bleier, chief investment strategist at Prime Charter Ltd.: "There are two markets going on. The old-world market and the new-age market. The new-age market is anything related to the Internet. People are literally saying 'why should I buy Sara Lee [SLE] or Gillette [G]? Why should I follow what Warren Buffett says? His stocks don't go up 40 points every day.' People that have been in the business for 40 years have never seen anything like this. Ever. It's just beyond the scope of wildness." We can sympathize with him. Most old timers find this market surrealistic. Nevertheless, we can attest to the fact that anybody who has been in the market 40 years has seen many manias that flew in the face of all experience. Manias that persisted and persisted - long enough to drive Carry Nation to drink. But we have never seen a mania that didn't come to a bad end. Generally when least expected. The nuttiest mania we can remember - we can't even remember exactly when it was - involved a public stampede into treasury bonds. Life savings were put on the line. Widows and orphans were ushered to the head of the line (right behind the dentists, that is, who are always the most fearless plungers). It seems that somebody had learned that these "riskless" instruments could be financed at the local bank. Ten percent, even five percent, equity was common, depending on how much your banker liked you. Well, of course, bonds do fluctuate, and downward fluctuations of five or ten percent would be enough to turn your friendly banker into your worst enemy, as you find out your life savings have been wiped out - along with the last vestiges of your dear old mother's wealth. And that's how it turned out for thousands of investors involving hundreds of millions of dollars. The sorrow of a few who experienced truly heart-wrenching tragedies was perhaps mitigated by compassionate descriptions of their plights in feature articles on the front page of the Wall Street Journal. The Internet stocks embody all the necessary attributes of the most wanton mania. It isn't that we don't know much about them. We know quite a lot. We know that most of the companies don't make any money. We know that many of them never will. We know that many of them will disappear. We know there will be a handful of long-term winners, and we know that we don't know their names. We know this mania will end, and we know that we don't know when. The main thing we don't know is, when the dominoes start to fall, how much collateral damage will be wrought on the market as a whole and on innocent civilians standing around watching. 1 1 ========================================================== Charles Bentley Solution Group Voice (713) 827-8133 PO Box 31400 FAX (713) 827-8232 Houston, Texas 77231-1400 - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] General Comments Date: 10 Jan 1999 19:56:52 -0800 Someone said that the CS method was outdated. Let me assure all of you that WON discovered this 35 years ago and has been using it ever since. Yes, he continues to refine his theorys and if he were to write HTMIS today, it would not be exactly the same as the original. Another person said we haven't seen a market like this (internet stocks) for 20 years. I'll carry that one step further and say no one has ever seen a craze like the one in internet. Yes, the future is all in front of the internet, but some stocks are not only discounting the future, but the hereafter. It is very easy to fault CS for missing the internets, but stick with CS and you will do well; WON has. He has built a newspaper from scratch on profits from CS and has 800+ employees to show for it. The salespeople at WON+Co. follow CS and they attempt to convince their institutional clients to use CS. Not all will, of course, but the whole company has been and is built on CS. By the way, the maroon books (2 volumes, 11" X 17") don't run anywhere near $150,000, even on a weekly basis. Most are sold monthly. Happy New Year, tiger49er - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] SEEK?CHICO Date: 10 Jan 1999 21:26:34 -0800 Date sent: Sun, 10 Jan 1999 05:39:33 -0800 (PST) > I looked at CHICO's C&H big picture. In early June did we see a > climax run (up alot on big volume) and in late June distribution > (heavy volume, not much price movement)? I don't think that was a climax run. I think you see some gaps on those climax tops. There may have been a bit of selling in there, but volume was lower than during the price rise. Its normal after a price runup to see a consolidation period, even some profit taking and a small price decline. - ------------------------------------------------------------------------------- From: "sboone" Subject: [CANSLIM] how to cancel canslim Date: 10 Jan 1999 23:31:01 -0500 how does one get off the canslim list - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] Little Green Men Date: 10 Jan 1999 23:32:07 -0500 >As a general response to all the comments on CANSLIM vs >missing out on the internet stocks, I still don't see why >CANSLIM needs to be reinvented. Neither do I; there are plenty of methods/indicators that would have triggered a buy in I-net stock. >You can still use CANSLIM rules and principles on stocks >that don't meet all CS criteria, most investors using >CANSLIM do it all the time. ALL the time...I don't think I have ever traded a stock that has met all the CANSLIM critieria, but yet, I more than doubled my account last year. I accomplished that using IBD, CANSLIM, and the Internet (trading,research,etc). I don't think that I have ever traded an Internet stock. They didn't pass basic EPS. Would I have liked to own one or two I-net's and make out like a bandit? Of course, but I know I won't own them until they meet a few more requirements. I admit that they present a problem. I assume that the people on this list understand the implications of the Internet equal to/more than most. Couple that assumption with the knowledge of CANSLIM trading, and that problem becomes self evident: How to trade this "revolution" profitably? My resolve is to look at the companies utilizing and/or benefiting networking/I-net. Regarding WON....I'm surprised that a story refering to YAHOO ownership has caused such a stir. If all the info WON had to offer was CANSLIM-related, IBD would be a much thinner paper. Why are there sections on IPO's? Why list the worst stocks? Why does WON tempt us with advertisments of other trading systems? He sells info, that's why. CANSLIM can be a good system and stocks with bad EPS ratings can be good buys....the two just don't mix. Have a good week and watch out for those LGM ;^) - ------------------------------------------------------------------------------- From: Eatstock@aol.com Subject: Re: [CANSLIM] Oneil Screen Date: 10 Jan 1999 23:58:40 EST Dont know if this has been mentioned, but Suretrade provides a WON screen as a free service for subscribers. You dont have to have a balance to open the account and use the features. It might be a good tool for some of us. Chris - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] ITX Date: 11 Jan 1999 00:00:04 -0500 For those with DGO (don't know how it will show on other sites) I must admit I am impressed with the level of insider buying on IT Group. CANSLIM data looks good as well (RS 91, EPS 77, A/D of A, Timeliness of C, GRS 43 in the Pollution Control - Svcs group). Debt is huge at 192% and ROE well below standards at 5%, but does have a nice base set up. Mostly I am intrigued by the insider buying. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Interesting observation from Worden Brothers (TC2000) Date: 10 Jan 1999 21:42:09 -0800 >>But we have never seen a mania that didn't come to a bad end. Generally when least expected. << How 'bout this from todays LA Sunday Times business section: The 'Must-Own" Techs - of 1968 Fairchild Camera - 1968 high of $102.00 1970 low of $18.00 P/E at high 443 Teledyne - 72.00 13.00 42 Control Data - 163.00 28.00 54 Mohawk Data - 111.00 18.00 285 Electronic Data - 162.00 24.00 352 Optical Scanning - 146.00 16.00 200 Itek - 172.00 17.00 71 University Computing - 186.00 13.00 118 I think this is very relevent for today. Many folks made a lot of money on these using canslim type rules. ie, stop out at 8 percent loss, watch for volume changes, days of distribution etc. The buy and hold crowd, well... The more things change, the more they stay the same! Bill Triffet 1 1 ========================================================== Charles Bentley Solution Group Voice (713) 827-8133 PO Box 31400 FAX (713) 827-8232 Houston, Texas 77231-1400 - - ------------------------------------------------------------------------------- From: "M Sims" Subject: [CANSLIM] DSP COMM Date: 10 Jan 1999 22:21:54 -0800 This is a test so please correct me were needed.....I am trying to put this all together... DSP has EPS 98 R/S 93 GRS A S/PM/ROE A A/D A VOL% +44 Spon/Rank D (dont like this) Oustanding shares 38,255,000 Shares held 63% (a tad high) According to chart last high was 5/26/98 of 20 1/16. On 1/8/99 it had a high of 17.5 just over 10% from the old high. Am I correct in seeing that a handle started on 12/8/98 with a high of 17 1/8. Since then the vol has been drying up. So this would make the pivot point at 17 1/4 with strong vol. Would the 1/8/99 have been that day to of entered this buy? Again any help would be appreciated.... Mike - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] DSP COMM Date: 11 Jan 1999 03:51:26 -0500 I am not sure if it is a CWH on the daily chart. It looks really good on the weekly chart. I have been looking at charts all weekend and this one looks about as close to a break out as I have found. Caution, I am not experienced at all. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of M Sims > Sent: Monday, January 11, 1999 1:22 AM > To: Canslim > Subject: [CANSLIM] DSP COMM > > > This is a test so please correct me were needed.....I am trying > to put this > all together... > > DSP has > > EPS 98 > R/S 93 > GRS A > S/PM/ROE A > A/D A > VOL% +44 > Spon/Rank D (dont like this) > Oustanding shares 38,255,000 > Shares held 63% (a tad high) > > According to chart last high was 5/26/98 of 20 1/16. On 1/8/99 it > had a high > of 17.5 just over 10% from the old high. > > Am I correct in seeing that a handle started on 12/8/98 with a high of 17 > 1/8. Since then the vol has been drying up. So this would make the pivot > point at 17 1/4 with strong vol. Would the 1/8/99 have been that > day to of > entered this buy? > > Again any help would be appreciated.... > > Mike > > > - > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Oneil Screen Date: 11 Jan 1999 04:13:16 -0500 I did not find the WON screen. I did not look for long though. Do you use Suretrade? If so how do you like it? On the surface it looks better than E-Trade for half the price. The free real-time quotes at E-Trade are for those who make 30 trades a quarter. It is 19.95 for NASDAQ trades same for stop's. Research is OK but nothing special. Trade execution is great though. > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Eatstock@aol.com > Sent: Sunday, January 10, 1999 11:59 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Oneil Screen > > > Dont know if this has been mentioned, but Suretrade provides a > WON screen as a > free service for subscribers. You dont have to have a balance to open the > account and use the features. > > It might be a good tool for some of us. > > Chris > > - > > - ------------------------------------------------------------------------------- From: mckeener@ix.netcom.com Subject: [CANSLIM] Little Green Men Date: 11 Jan 1999 06:22:22 -0600 (CST) Hi Dean, 80 rank until much later. Does anyone have ideal when WON would have bought YAHOO?. A number of months ago, I posted regarding YAHOO being a CANSLIM stock, and there was some discussion about that. I don't know when O'Neil bought YAHOO, but I would say most probably before it became more CANSLIM with 80 80 ratings. Is O'Neil deceptive? Is he following his teachings? Is he primarily selling newspapers, books and charts? What are his motives? I never viewed him as totally altruistic just a successful, bright man who is in business for himself. He has many, many good ideas and a system that can work. That doesn't mean I need to follow it completely and totally. I can use what is right for me after I've given it a decent try, gained experience and a "feel" for the market that comes only with time. Aren't investors independent? Ultimately, the decision to buy and sell is a solitary one. O'Neil, Lynch, Elder and others help. They don't make and lose money for anyone. Individuals do that themselves. I don't know. I think we need to take what's helpful, what works for us and go on from there. Mary - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DSP COMM Date: 11 Jan 1999 07:51:06 -0500 Mike, The DGO chart looks, to me, like the cup started late August at 15 (left edge), bottomed about 5.5 in early October, started forming the handle again at 15 in late Nov, then tried to break out in early Dec before falling back to the base at 15. DGO shows 34 mil of the 40 mil issue in the float, with funds holding 18%, high but not terrible. It also shows ROE at 17%, a little lower than the desirable 20%+. A/D and Timeliness are both A. RS is 94, EPS 98, and GRS 99 (Elec-Semiconductor mfg). Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- This is a test so please correct me were needed.....I am trying to put this all together... DSP has EPS 98 R/S 93 GRS A S/PM/ROE A A/D A VOL% +44 Spon/Rank D (dont like this) Oustanding shares 38,255,000 Shares held 63% (a tad high) According to chart last high was 5/26/98 of 20 1/16. On 1/8/99 it had a high of 17.5 just over 10% from the old high. Am I correct in seeing that a handle started on 12/8/98 with a high of 17 1/8. Since then the vol has been drying up. So this would make the pivot point at 17 1/4 with strong vol. Would the 1/8/99 have been that day to of entered this buy? Again any help would be appreciated.... Mike - - ------------------------------------------------------------------------------- From: dbphoenix Subject: [CANSLIM] Why Not? Date: 11 Jan 1999 05:32:45 -0800 (PST) Friday January 8, 5:43 pm Eastern Time Company Press Release Internet Stock Review Announces MonkeyDex BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 8, 1999--The Internet Stock Review announced MonkeyDex, the first index of publicly traded stocks selected by a Chimpanzee. MonkeyDex is an index of 10 Internet related companies selected by Raven ``Thorogood III.'' Raven, a 5-year-old chimpanzee, has starred in three feature films, several TV specials and numerous commercials. On Thursday, January 7, Raven threw 10 darts (not including numerous misses) at a dartboard of 133 Internet related companies. Both Roland Perry, editor of the Internet Stock Review and David Allsberry, animal trainer with Boone's Animal For Hollywood in Castaic, Calif., were on hand for the dart throwing. ``As Raven did not have prior knowledge of how any particular Internet related companies have been performing, we took his ten picks and dated the prices back to the beginning of the year to provide easier year-to-date comparisons with the more traditional market indexes such as Standard & Poor's 500,'' stated Roland Perry. ``It was a pleasure working with Raven,'' he added. ``He has talents far beyond what we ever dreamed possible and we feel certain that his picks will surprise many on Wall Street. We will launch a special Web site, www.monkeydex.com, in the near future to monitor the progress of his picks. Only time will tell how his picks pan out, but this much we can say -- he is storming right out of the gate with picks like CMGI, which is up 95% in six trading days (... way to go, Raven).'' The Internet Stock Review will issue a streaming audio and video news release through AV Newswire next week so everyone can see Raven in his full dart-throwing glory. To see the news release, visit http://www.avnewswire.com. The MonkeyDex index will be created and maintained by Nordby International. Nordby is a Colorado-based financial information provider specialzing in intraday stock tables for regional and industry specific indices. To visit the Nordby International site, go to: http://www.nordby.com Raven's Picks: AudioHighway (Nasdaq:AHWY - news) CMGI (Nasdaq:CMGI - news) iMall (Nasdaq:IMAL - news) Inktomi (Nasdaq:INKT - news) Kushner-Locke (Nasdaq:KLOC - news) ISSX Group (Nasdaq:ISSX - news) Lycos (Nasdaq:LCOS - news) NetSpeak (Nasdaq:NSPK - news) OnSale (Nasdaq:ONSL - news) OzEmail (Nasdaq:OZEMY - news) == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] Technical Stuff [Connie Mack] Date: 11 Jan 1999 07:30:17 -0800 (PST) I've been intrigued by your recent comments on the absolute distance between the 3,7,10 MA lines. Would your system have you buying T on 12/7/98 and holding yet? I am looking at the node that formed on 12/4, also slight upward turn in MF and OBV. I have been looking for a perfect example. Quantitatively with QP, I can get values for indicators. I am wondering if you use slight increases and decreases in MF and OBV as long as they are progressing upward or do you want the slope up to be great enough so the naked eyeball doesn't miss it. Also is CHV in the first buying opportunity now according to your method and IP was on 1/8? Thank you for your comments. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: Fw: [CANSLIM] little green men Date: 11 Jan 1999 15:58:22 GMT On Mon, 11 Jan 1999 03:35:09 +1300, you wrote: :Nothing in life is more exciting and rewarding than the sudden flash :of insight that leaves you a changed person - not only changed, :but for the better. ~ Arthur Gordon ~ I won't argue with this. Sounds great to me! : :I have lots of questions. Like when would have WON bought YAHOO? :Forgetting for the moment, about the questionable earnings of this = company. :That a Japanse company indirectly owns a big chuck of Yahoo and is = propping :up the advertising revenues. I don't believe that this is a valid question. A valid question (obviously) would be when DID WON buy his YHOO, inasmuch as it is documented that he did. It is giving the man too much credit to think that his *system* as documented in his book and presentations, and online appearances and much discussed in this forum would dictate a precise entry point in this (or actually any other) issue. Dan - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Re: Reply to TM on Technical stuff [Connie Mack] Date: 11 Jan 1999 11:30:34 -0500 Morning TM-- The absolute distances between/among the 3/7/10 EMA are pretty much subjective. That, however, does not diminish their usefulness. E.g., your question about the purchase of T on 12-7 is a clear cut "yes." First and Second Level buys occurred almost simultaneously. That entrance would have put you in at about 63 and kept you in. This buy was never in jeopardy, i.e., there was not a single instance when the 3/7/10 gave even a First Level sell. Whether for a trader [if you can consider T a trader's stock] or for an investor, the entrance was clean and the ride uneventful for $20 plus. The nodule at 12-10 never diminished into even a First Level sell signal. Rather, it merely indicated an innocuous price dip. Presently, there is a separation between the 3/7 EMA that implies, for this stock, a slight correction. Look back to see if by chance there is a previous resistance at this level. If so, you might expect a bit of lather before a further move up appears. You can also see similar separation on the MACD. There is, perhaps, more clarity--but not necessarily more validity--in the EMA. About the OBV/MF. These are customarily gross indicators, though I use them occasionally on intraday charts for trading. I also use the 3/7/10 on intraday charts, especially one day charts. Always couple a Time & Sales chart with the 3/7/10 one day chart, whether for trading or just for an entry for investing. About CHV. OBV/MF show nice positive divergence, perhaps even stronger than nice. The 3/7/10 EMA gave a First and Second Level buy about the 30th and 31st of December. There then appeared a few days of congestion with a slight upturn in the 3 EMA. The MACD pretty much mirrors the same period and is giving a buy signal. Were I to do what the OBV/MF implies, I would begin taking small positions. If you look back six months, you'll see a lot of congestion at 27. Make the stock do what you expect when approaching resistance. Thanks for the note. Connie TM wrote: > I've been intrigued by your recent comments on the absolute distance > between the 3,7,10 MA lines. Would your system have you buying T on > 12/7/98 and holding yet? I am looking at the node that formed on 12/4, > also slight upward turn in MF and OBV. I have been looking for a > perfect example. Quantitatively with QP, I can get values for > indicators. I am wondering if you use slight increases and decreases > in MF and OBV as long as they are progressing upward or do you want > the slope up to be great enough so the naked eyeball doesn't miss it. > > Also is CHV in the first buying opportunity now according to your > method and IP was on 1/8? > > Thank you for your comments. > > TM > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - 1/8/1999 - Condensed Version Date: 10 Jan 1999 23:26:24 -0500 Hi All, Thanks to a suggestion from Marguerite all of the data is current. She directed me to the owner of a site mentioned here earlier, http://members.aol.com/RANord, and he was able to provide the data. He is doing some neat stuff and his site is well worth a visit. Next, largely thanks to Craig's mention on the CANSLIM list, I must have received over thirty new requests to be added to my list today! I think I've got you all added. Finally, we dropped back to an even 200 this week. Considering the indexes are hitting new highs, I consider this to be a little surprising. My totally un-researched guess is that stocks may be dropping off the list because they are falling from "A" and "B" on A/D to "C" and maybe lower. If so, this could be an early warning sign. Trade well, Ron Symbol EPS RS GRS ERG A/D Close 30 ADV ACS 93 89 91 273 B $ 43.810 145,647 ADCT 94 92 88 274 A $ 39.880 1,627,363 AEOS 77 97 85 259 A $ 64.500 327,893 AGN 86 89 90 265 B $ 64.880 251,270 AGPH 76 94 93 263 A $ 56.690 590,770 AHAA 76 99 99 274 A $ 38.000 246,180 AIT 77 87 68 232 A $ 64.750 1,307,520 ALTR 82 95 99 276 A $ 62.810 2,002,847 AMGN 88 94 93 275 A $ 110.810 2,971,009 ANF 99 93 85 277 A $ 65.000 466,410 AOL 77 99 99 275 A $ 146.500 15,281,731 APCC 90 92 87 269 A $ 51.880 681,387 APCO 96 90 90 276 A $ 11.560 92,310 ARX 84 95 73 252 B $ 16.250 94,213 ASMLF 76 95 98 269 A $ 42.130 1,319,710 ASND 91 95 97 283 A $ 71.440 4,950,899 AT 78 88 68 234 A $ 63.000 652,147 ATI 95 92 81 268 B $ 79.000 2,822,514 AVEI 99 91 80 270 A $ 53.310 1,867,910 AXNT 72 92 93 257 A $ 30.880 357,793 BBBY 96 87 84 267 A $ 32.940 1,193,680 BBRC 83 87 99 269 B $ 26.590 212,690 BBY 76 97 89 262 B $ 69.810 1,441,803 BGEN 73 92 93 258 A $ 82.500 1,936,453 BPI 80 85 61 226 A $ 20.130 191,860 BVF 96 88 83 267 A $ 40.380 122,260 CAKE 85 87 67 239 B $ 28.130 174,607 CBSI 97 85 91 273 A $ 32.130 265,603 CBUK 98 89 76 263 A $ 34.000 82,520 CBXC 97 95 87 279 A $ 26.250 120,903 CCL 91 91 60 242 A $ 46.000 2,728,194 CCU 73 86 73 232 B $ 59.750 1,320,840 CDWC 97 97 96 290 A $ 107.940 152,210 CEFT 98 96 61 255 A $ 40.560 881,847 CELL 99 92 96 287 A $ 18.000 1,574,147 CEN 80 87 91 258 B $ 72.250 329,827 CHCS 79 98 85 262 A $ 27.310 112,927 CHKPF 99 95 93 287 A $ 46.880 1,042,350 CLFY 87 97 92 276 B $ 22.750 268,153 CMED 97 92 80 269 A $ 11.940 232,697 CMGI 78 99 90 267 A $ 200.250 1,572,523 CMVT 97 97 88 282 A $ 79.250 723,357 CNMD 93 87 70 250 A $ 32.940 100,467 COF 91 93 61 245 A $ 127.310 424,610 CPWR 98 92 92 282 A $ 72.380 3,318,973 CREE 99 99 99 297 A $ 52.630 283,660 CSCO 97 97 97 291 A $ 106.690 14,215,559 CTAS 90 90 81 261 A $ 72.000 300,187 CTL 86 92 88 266 A $ 68.500 250,557 CTS 93 90 96 279 A $ 42.690 96,977 CTXS 98 91 92 281 A $ 89.380 740,117 CUBE 89 92 98 279 B $ 28.690 917,730 DANB 97 85 67 249 B $ 23.750 87,630 DDDDF 99 96 92 287 A $ 45.880 129,033 DELL 99 96 94 289 A $ 77.810 15,636,374 DH 78 87 72 237 B $ 55.690 2,228,960 DLTR 98 89 70 257 A $ 45.380 533,993 DMMC 73 89 95 257 B $ 15.750 142,177 DRTE 77 92 82 251 B $ 26.250 345,810 DSP 98 94 99 291 A $ 17.380 309,563 DTPI 80 87 90 257 A $ 22.940 110,170 DY 96 95 66 257 A $ 36.940 243,750 EAII 99 90 92 281 A $ 58.750 244,663 EAT 74 90 67 231 B $ 26.880 327,907 ECILF 94 92 88 274 A $ 41.130 578,863 EMC 96 97 98 291 A $ 93.560 3,239,210 EQ 71 85 64 220 B $ 66.880 551,183 ESRX 95 96 86 277 A $ 71.380 113,980 ETEC 91 91 98 280 A $ 49.560 378,400 FDC 71 86 61 218 B $ 35.750 1,695,117 FLEX 98 97 99 294 A $ 82.880 464,667 FM 96 86 67 249 A $ 21.690 170,320 FMY 90 85 74 249 A $ 56.130 766,663 GDT 98 91 90 279 A $ 107.000 656,473 GENZ 90 93 93 276 B $ 50.130 1,033,300 GEOC 72 97 92 261 A $ 33.500 244,390 GILTF 96 93 88 277 A $ 57.250 117,707 GML 75 93 95 263 A $ 21.810 109,347 GPS 97 95 85 277 A $ 61.190 1,947,713 GUC 80 95 85 260 A $ 74.880 634,250 HLYW 83 98 84 265 B $ 33.310 665,290 HMK 99 87 79 265 A $ 37.750 141,530 HS 96 94 96 286 B $ 19.130 479,390 IBI 85 88 85 258 A $ 32.440 756,030 IBM 85 92 95 272 B $ 187.560 3,320,566 INSS 99 98 91 288 A $ 68.250 238,233 INTL 95 95 88 278 B $ 26.500 173,093 IONAY 96 93 92 281 A $ 38.000 108,937 IPG 89 88 79 256 A $ 76.750 346,780 JKHY 99 85 85 269 A $ 46.500 93,987 JVLN 77 94 85 256 B $ 15.750 109,633 KROG 80 95 76 251 A $ 35.810 111,280 LEVL 98 92 99 289 A $ 37.440 842,010 LGTO 99 95 92 286 A $ 58.630 648,473 LHSG 82 86 90 258 A $ 58.000 182,353 LLTC 90 93 99 282 A $ 92.500 935,413 LSON 93 89 90 272 A $ 57.060 201,883 LU 97 95 88 280 A $ 115.250 5,877,414 LXK 98 96 87 281 A $ 100.560 467,490 MARG 96 98 90 284 A $ 11.440 180,490 MCHP 71 94 98 263 A $ 40.750 724,993 MCRL 98 95 99 292 A $ 56.000 226,173 MCSC 98 95 75 268 B $ 28.000 86,953 MEDQ 95 92 90 277 B $ 37.500 255,430 MELI 94 96 88 278 A $ 20.690 97,830 MERQ 72 96 92 260 A $ 62.500 199,903 METZ 99 90 90 279 A $ 47.130 337,433 MHP 83 86 89 258 B $ 107.940 279,760 MLM 86 85 65 236 A $ 57.880 151,967 MMS 87 86 90 263 A $ 37.500 171,960 MNMD 98 96 90 284 B $ 94.000 126,670 MRX 94 90 83 267 A $ 63.630 114,820 MSFT 97 93 97 287 A $ 149.880 12,869,274 MTP 82 89 68 239 B $ 53.440 164,627 MXIM 95 92 99 286 A $ 48.130 1,343,320 MXWL 71 92 72 235 B $ 37.940 102,080 MYG 95 88 79 262 A $ 64.000 481,180 NCOG 98 91 90 279 A $ 40.000 165,057 NETA 99 92 93 284 A $ 58.000 3,048,154 NLCS 88 91 92 271 B $ 37.000 170,140 NSIT 98 98 96 292 B $ 56.440 267,713 NSOL 84 99 91 274 A $ 238.250 934,030 NT 95 87 88 270 B $ 55.750 1,810,603 NTAP 99 98 98 295 A $ 47.750 866,150 ODP 91 89 75 255 B $ 36.380 1,264,497 ORBKF 90 93 98 281 A $ 47.250 127,783 ORCL 97 96 92 285 A $ 46.250 8,299,240 OSI 72 89 79 240 B $ 28.880 396,563 OSTE 71 96 90 257 A $ 43.250 138,327 PCLE 77 85 71 233 A $ 35.250 99,863 PE 77 86 68 231 B $ 39.250 640,017 PGEX 99 88 88 275 A $ 45.690 242,200 PHCC 97 94 86 277 B $ 34.250 105,197 PLCE 95 99 85 279 A $ 26.750 232,207 PMS 90 90 85 265 B $ 52.500 164,677 POS 90 86 79 255 A $ 66.630 75,310 POWI 73 98 73 244 B $ 29.500 257,923 PPDI 87 89 69 245 B $ 29.940 302,107 PRGS 78 91 92 261 B $ 34.130 157,177 PRGX 90 90 90 270 A $ 35.130 164,103 PSEM 87 98 99 284 B $ 13.500 183,393 PVN 96 95 61 252 A $ 76.940 843,207 PVSW 77 97 92 266 B $ 20.380 82,420 RCL 89 85 60 234 A $ 38.310 499,243 RESM 97 97 90 284 A $ 41.940 233,667 RMBS 84 95 99 278 A $ 102.880 546,790 SALT 99 97 79 275 A $ 23.690 84,670 SANM 97 97 99 293 A $ 67.880 1,053,117 SAPE 99 94 92 285 A $ 64.380 316,070 SBC 83 88 68 239 A $ 57.690 2,375,933 SCAI 96 85 86 267 A $ 29.500 137,073 SCH 91 98 78 267 A $ 60.880 2,033,600 SDG 86 90 80 256 A $ 118.190 200,327 SDTI 71 96 87 254 B $ 27.130 2,080,080 SEBL 99 92 92 283 A $ 36.630 1,256,283 SERO 93 86 69 248 A $ 28.380 95,533 SIPX 72 85 99 256 A $ 31.940 223,033 SLI 98 91 96 285 A $ 26.750 77,560 SLR 94 96 96 286 A $ 89.630 1,268,053 SNPS 93 91 92 276 A $ 56.130 591,060 SONC 87 86 67 240 A $ 24.750 93,203 SORC 75 96 90 261 A $ 11.250 120,507 SPLS 98 94 75 267 B $ 43.000 2,602,097 SUNW 94 97 94 285 A $ 90.880 7,396,974 SWY 95 91 74 260 A $ 59.880 1,386,127 SYK 88 88 80 256 A $ 53.190 188,610 SYKE 99 92 90 281 B $ 28.750 313,327 T 85 87 88 260 B $ 85.060 6,393,339 TAGS 97 98 76 271 A $ 37.880 84,980 TCAT 80 89 94 263 A $ 37.630 164,010 TGO 90 95 88 273 B $ 36.310 326,723 THQI 99 95 78 272 A $ 28.750 249,157 TIER 98 86 91 275 A $ 18.060 87,553 TIF 87 94 67 248 B $ 62.630 264,993 TJX 92 86 85 263 B $ 28.500 962,963 TLAB 98 89 88 275 A $ 74.310 3,207,444 TMPW 84 90 79 253 B $ 41.000 409,120 TOM 99 85 76 260 A $ 59.380 387,667 TSAI 96 86 86 268 A $ 49.630 149,410 TSG 70 88 60 218 A $ 44.880 96,847 TSRI 99 85 91 275 A $ 12.880 79,380 TYC 97 89 60 246 A $ 76.060 1,965,393 UVSGA 93 93 73 259 A $ 26.000 141,363 VISX 78 98 92 268 A $ 95.560 316,107 VOD 96 94 81 271 A $ 173.130 246,890 VRTS 99 95 92 286 A $ 69.940 646,257 VTSS 97 96 99 292 A $ 45.940 1,399,753 WAG 85 86 77 248 B $ 54.000 999,433 WAT 97 91 64 252 A $ 81.500 112,293 WCOM 81 94 88 263 B $ 75.000 12,198,640 WHIT 97 86 91 274 A $ 27.250 356,367 WMT 87 91 72 250 B $ 83.500 2,873,713 WPI 93 85 75 253 A $ 54.690 310,880 WSM 92 90 95 277 A $ 36.250 217,750 WTSLA 89 86 85 260 A $ 32.380 145,577 XIRC 77 98 97 272 A $ 38.500 394,407 XLSW 98 92 88 278 A $ 33.250 135,460 XOMD 99 91 80 270 B $ 32.500 99,137 YHOO 84 99 99 282 B $ 343.630 6,461,541 ZQK 95 93 76 264 B $ 29.250 135,740 - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re:[CANSLIM] DSP COMM Date: 11 Jan 1999 09:46:18 -0800 (PST) <> The longer-term pattern you refer to is not so much a cup as it is a V-bottom or funnel. It has few of the volume characteristics of a cup. Arguably, it has none. What you're calling a handle is actually closer to a cup in terms of the requisite volume pattern. In any event, there are three places to buy. One is the breakout from the bottom of the cup, which in this case more closely resembles a flat base. Second is the point at which it surpasses the most recent high of 17. Third, if the stock forms a handle here, is to buy the breakout from the handle. If you're not sure what I mean by the volume pattern of a cup, check my website. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 11 Jan 1999 09:45:40 -0800 (PST) Again, much appreciated. These confirm what I've been seeing in volume for advancing and declining issues. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Walter Stock Subject: [CANSLIM] Re: Little Green Men Date: 11 Jan 1999 13:05:59 -0500 Here is a copy of the IBD article that Db had mentioned and that I commented on. It was kindly made available and sent to me privately (by email) by a reader of our list. Walter > > ------------------------------------------------------------------------ > > If there's one thing an aggressive stock investor likes to do, it's to get on board a highflier. > > It's not a strategy for the faint of heart. But catching a chunk of a big move in top-performing stocks like Amazon.com, Ebay or Network Solutions is well worth the trouble. > > I N V E S T O R ' S C O R N E R > > > > Some people think getting a big winner is luck. Perhaps, it is to some degree. The stampede of buying into a fast- rising stock often carries its price well beyond its fundamental value. Still, it's an opportunity to make big money. > > Many times fast-moving stocks don't trade on fundamentals, but on perceptions. So a look into reported earnings and revenues isn't the key. Instead, you often need to rely on reading the technical pattern of both the stock and its industry. > > To play a fast-moving stock, you must identify the stock, find an entry point and know when to exit. > > A ''flag'' or ''pennant'' is one good technical pattern that signals a strong stock. > > The names given to chart patterns of stocks by technicians simply express the picture they see. A flag or pennant pattern is one in which a stock runs straight up 80% or more in a brief time (flag pole). The stock then goes sideways for no more than four or five weeks. The sideways pattern, or base, takes on the look of a rectangle (flag) or sometimes a triangle (pennant). > > The unique power of this technical formation is that if the stock breaks out of the flag or pennant pattern, it has the power to make about the same percentage gain as the prior surge. > > Amazon.com is a good example of a successful flag pattern. The stock ran up from 42 on Nov. 16 to 77 by Nov. 24. That's a gain of 83% in just a week and a half. > > You might have thought that was it for Amazon.com. But the stock blew out of the flag formation on Dec. 15. It surged from 74 to 138, an 86% advance in three weeks. > > Amazon isn't the only recent flag. > > Ebay surged 75% from Nov. 6 to Nov. 10, peaking at 140. It made a one-week pennant formation, broke out and soared to 234 in a week. That's a sensational gain of 109% from the trough in the pennant to the peak. It's since traded as high as 311. > > Network Solutions shot ahead from 58 3/4 to 120 3/4 in just a week and a half in December, paused for a few days, then spurted to 172. > > Beyond.com was pretty. It rose from 6 1/2 in late October to 20 1/4 in two weeks. The stock then set up a two-week flag and broke out climbing to 32 in just one week. > > To identify potential fliers, find a stock that has run up sharply. Second, watch its basing formation closely. If it breaks out in less than four weeks, that could be the entry point. The potential move should be roughly the same distance as the prior run-up in percentage terms. > > The flag or pennant is usually a ''continuation pattern'' of an uptrend, says Fred Meissner, technical analyst at Robinson-Humphrey Inc. of Atlanta. > > > > ''What I like to see after a sharp run-up is a triangle (pennant) where the bottom is flat and top is sloping down with volume contracting,'' Meissner said. ''In my research, I've found a pennant seems to be an early tip-off that the pattern will be a continuation of the uptrend. A flag pattern leaves some doubt because the highs are proving to be a near-term resistance area.'' > > > > One of the things that tells you that you are in a dangerous situation is if the stock pops out of a flag or pennant and then reverses the entire gain the next day, Meissner says. > > If a stock with a pennant or flag is part of a strong industry group, your chances of picking a winner are much greater, Meissner adds. ''You want to have good fundamentals, but that is not always possible,'' he said. ''The important thing for investors to do is keep good risk management.'' > > > > Failing flags and pennants are no time to cheat on your own sell rules. > > Andrew Addison, editor of the Addison report of Franklin, Mass., also looks for flags and pennants. He notes that when a stock breaks out of its base, the move should come with expanding volume. After it peaks and starts to form a pennant or flag, volume should contract. > > He calls that a ''turtle consolidation.'' That's because the stock seems to be pulling in its ''arms and legs.'' It doesn't give back much of its gain. There is not much profit taking. > > Addison believes flag and pennant technical formations are valid with major indexes like the S&P 500 and Nasdaq composite. Of course, they do not move up as much as a stock, in terms of percentage. However, his work suggests the S&P 500, for example, has the potential to climb to 1400 from its current level near 1270. > > > > //////////////////////////////////////////////////////////// > > Copyright (c) 1999 Investors Business Daily, All rights reserved. > > Investor's Business Daily - Investor's Corner (01/07/99) > > Flags, Pennants Get Aggressive Investors' Attention > > By Leo Fasciocco > > 1/7/99 11:47 PM - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re:[CANSLIM] DSP COMM Date: 11 Jan 1999 11:09:23 -0800 Was trading at 18-13/16 @ 20 minutes ago - up 8% on 1x ADV so far. Interesting that it just showed up on my filter of Russel's list on Sunday. Must have had some improved fundies in my Zack's database for Dec. On 09:46 AM 1/11/99 , dbphoenix Said: > ><a high of 17 1/8. Since then the vol has been drying up. So this would >make the pivot point at 17 1/4 with strong vol. Would the 1/8/99 have >been >that day to of entered this buy?>> > >The longer-term pattern you refer to is not so much a cup as it is a >V-bottom or funnel. It has few of the volume characteristics of a >cup. Arguably, it has none. What you're calling a handle is actually >closer to a cup in terms of the requisite volume pattern. > >In any event, there are three places to buy. One is the breakout from >the bottom of the cup, which in this case more closely resembles a >flat base. Second is the point at which it surpasses the most recent >high of 17. Third, if the stock forms a handle here, is to buy the >breakout from the handle. > >If you're not sure what I mean by the volume pattern of a cup, check >my website. > >--Db > > > > >== > >"Lessons are repeated until they are learned." > >http://home.talkcity.com//MoneySt/dbphoenix/ > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "John Nogueira" Subject: Re: [CANSLIM] COGIF Date: 11 Jan 1999 14:38:43 -0500 Dan Sutton wrote: >It doesn't trade very heavily, only about 56,000 shares per day If you're following COGIF, you may also be interested in its Canadian listing: COG on the Toronto Stock Exchange. As you may know, foreign-based companies traded on Nasdaq are denoted with an "F" in the fifth letter of their symbols as is the case here. J o h n N o g u e i r a L o n d o n O n t a r i o C a n a d a - ------------------------------------------------------------------------------- From: DS Subject: [CANSLIM] 26-week series Date: 11 Jan 1999 13:39:39 -0600 Hi all, Could someone post a link to O'neil's 26-week investment series. Thanks, DSquires - ------------------------------------------------------------------------------- From: "Joe Scott" Subject: Re: [CANSLIM] 26-week series Date: 11 Jan 1999 15:19:57 -0500 http://ibd.infostreet.com/won/ - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] entry points Date: 11 Jan 1999 16:17:04 -0500 I am 100% cash. There is a lot of buying going on out there. I cant seem to get the one I feel good about. No point in worrying about should of's and could of's. I think T is going to be it for me. Charlie - ------------------------------------------------------------------------------- From: Ari Lawson Subject: Re: [CANSLIM] little green men Date: 11 Jan 1999 19:32:44 -0500 YHOO is canslim. Ari Bill Triffet wrote: > >>Heck, I bet he even owns a few shares in AOL and > AMZN right now! << > > In this comming Mondays 26 week series (the last btw), he makes a reference > to owning a few shares of Yahoo. Guess it's hard to pass up pure momentum > plays. > > - - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Background Date: 11 Jan 1999 22:49:25 -0800 Fellow CS Members: Tom W. suggested I give a little background on myself as a somewhat new member of the group. First off, I have been in the brokerage business for a number of years. At one time, I had my own firm (members of the Pacific Stk Exch). and sold my interest to my partner. I made money - he went bankrupt. Up until 1984, I was the Treasurer and some retail sales for a L.A. based NYSE member firm. In August of 1984, I went with William O'Neil + Co. as a Vice President in the Institutional Services Dept. In 1987, I took a detour at Bill O'Neil's request and took over as Advertising Director at Investor's Business Daily for 2 1/2 years. Then back to O'Neil. and was with them until last month, when I retired. I made a post a couple of days ago and in case I missed it on the Digest, it is worth repeating. Someone said that the CS method was outdated. Let me assure all of you that WON discovered this 35 years ago and has been using it ever since. Yes, he continues to refine his theorys and if he were to write HTMIS today, it would not be exactly the same as the original. Another person said we haven't seen a market like this (internet stocks) for 20 years. I'll carry that one step further and say no one has ever seen a craze like the one in internet. Yes, the future is all in front of the internet, but some stocks are not only discounting the future, but the hereafter. It is very easy to fault CS for missing the internets, but stick with CS and you will do well; WON has. He has built a newspaper from scratch on profits from CS and has 800+ employees to show for it. The salespeople at WON+Co. follow CS and they attempt to convince their institutional clients to use CS. Not all will, of course, but the whole company has been and is built on CS. By the way, the maroon books (2 volumes, 11" X 17") don't run anywhere near $150,000, even on a weekly basis. Most are sold monthly. The whole organization is very upbeat and everyone without exception was a pleasure to work with. I feel that the past 14 years have been the best. Let me say that when I went with WON, it took me 2-3 years to unlearn everything I ever knew about stock selection. Even now I find myself falling back into old habits (low priced stocks, rumors, etc.). But I know CS works. Apply yourself and if you haven't got the time to study the theory, either make time or follow CS not quite as closely. I'll chime in from time to time but try not to make a pest of myself. tiger49er - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO Subscribers Date: 12 Jan 1999 08:07:25 -0500 Discovered something last night I didn't know. Stocks can "make the books" during the week. One of mine was previously in the books and was dropped some weeks ago. As of this weekend it still was not in the books, thus no f4 screen. As of last night, it was back in the books. Don't know if this is another value added feature, or I just never noticed it before. Not yet up to CANSLIM standards, but a promising change. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] NonCanslim, Tom Date: 12 Jan 1999 21:15:30 GMT On Sun, 10 Jan 1999 20:37:24 -0500, you wrote: :I don't think one has anything to do with the other, esp :since Gore has been mostly a total zero for the environment :for the past six plus years. What little he has been :associated with was mostly forced on him, and he is :perceived, by me at least, as having simply not tried. Nor :do I expect any better "environmentally concerned" attitude :out of him should he become prez now or in two years. : :As for the likelihood of him succeeding Slick Willy in two :years, that's probably a given at this time, with a healthy :economy, high employment, windfall profits in the stock mkt, :low inflation, low interest rates, etc. Voters cynically :vote first on what's best for themselves, the country's :interest at best comes in second or third (pretty much a :reflection of our politicians). I see no viable candidate :within the Republican or Libertarian parties that could pose :a serious challenge to Gore at this time. : :Do I expect Gore to take over before the next election? No, :unless Queen Hilary gets tired of all his affairs and kicks :him out of the "House". Course then, she likely would have :to move out as well, so not likely. Could be an interesting :legal question tho, if they separated, who gets to keep the :house while he's still in office?? : :Tom W Are you kidding, Tom? If she decided that she and Bill gotta split up, she's going to be house hunting. Dan :stkguru@netside.net :ICQ # 5568838 : :-----Original Message----- :From: TM :To: canslim@lists.xmission.com :Date: Sunday, January 10, 1999 7:47 PM :Subject: Re: [CANSLIM] NonCanslim, Tom : : : :Tom, :I have heard on this board and elsewhere that the market :discounts/incorporates news into the stock prices. : :The last few days, pollution related stocks have had a :substantial run :up. I had planned on following them closely if Al Gore were :ever to :become president since his presidency should be good for :environmental :regulation etc. : :Since you are politically as well as economically astute, is :the :market telling us that Al Gore will become President soon ::)? : : :TM : : : : : : : : :_________________________________________________________ :DO YOU YAHOO!? :Get your free @yahoo.com address at http://mail.yahoo.com : : :- : : : :- - ------------------------------------------------------------------------------- From: "Joe J." Subject: [CANSLIM] canslim - outdated? Date: 12 Jan 1999 14:58:39 -0700 > Someone said that the CS method was outdated. Let me assure all of you > that WON discovered this 35 years ago and has been using it ever since. Yes, > he continues to refine his theorys and if he were to write HTMIS today, it > would not be exactly the same as the original. > Isn't this precisely my point? The fact is WON has not rewritten HTMIS. That is what I was trying to suggest that we, as a group, do. Just look at the quote from IBD: > The stampede of buying into a fast- rising stock often carries its price well beyond its fundamental value. Still, it's an opportunity to make big money. > > > Many times fast-moving stocks don't trade on fundamentals, but on perceptions. So a look into reported earnings and revenues isn't the key. Instead, you often need to rely on reading the technical pattern of both the stock and its industry. > > > To play a fast-moving stock, you must identify the stock, find an entry point and know when to exit. > That was my point and at least the writer of this IBD article seems to agree. Thus, for those placing an equal emphasis on EPS growth, institutional ownership, and float maximums relative to the other elements of CS, you might want to at least give some thoughts as to whether these are really all that important? Joe J. - ------------------------------------------------------------------------------- From: Jeffry White Subject: [CANSLIM] tiger49er Date: 12 Jan 1999 17:53:38 -0500 Welcome tiger49er. Look forward to your comments on CS. Jeffry - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] tiger49er Date: 12 Jan 1999 18:34:46 -0500 Welcome Tiger. I have to admit I am not really suprised that some things have changed since HTMMIS was written. I was looking at the dates when I first got it and wondered why there was not something a little more recent. However based on comments from long timers on this list and others it appears the basic tenants are in tact. It just happens, in my opinion anyway, that some stocks that did not appear to fit the mold turned out to be rockets. The lucky people caught them the rest of us got to think about what could have been. I got some T and ASND today. I decided since I could not find a good spot to get in that I would go the mattress stuffer route. I dont intend to get shaken out to easily. I am using weekly as opposed to daily charts so I am in for the longer time frame. With what is left of my brokerage account I am still hunting CANSLIM candidates. For the record I have some mutual funds that I contribute regularly to in my retirement account. That is one piece of advice that I believe WON is right about, I'm just going to leave them alone. They did OK, with the exception of a small cap fund. No supprise there but the fund manager did way worse, no way way worse than the RUT. He is fired tomorrow. I am getting out of his fund. Cant wait to find out what tomorrow will bring. Charlie - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] tiger49er Date: 12 Jan 1999 18:34:46 -0500 Welcome Tiger. I have to admit I am not really suprised that some things have changed since HTMMIS was written. I was looking at the dates when I first got it and wondered why there was not something a little more recent. However based on comments from long timers on this list and others it appears the basic tenants are in tact. It just happens, in my opinion anyway, that some stocks that did not appear to fit the mold turned out to be rockets. The lucky people caught them the rest of us got to think about what could have been. I got some T and ASND today. I decided since I could not find a good spot to get in that I would go the mattress stuffer route. I dont intend to get shaken out to easily. I am using weekly as opposed to daily charts so I am in for the longer time frame. With what is left of my brokerage account I am still hunting CANSLIM candidates. For the record I have some mutual funds that I contribute regularly to in my retirement account. That is one piece of advice that I believe WON is right about, I'm just going to leave them alone. They did OK, with the exception of a small cap fund. No supprise there but the fund manager did way worse, no way way worse than the RUT. He is fired tomorrow. I am getting out of his fund. Cant wait to find out what tomorrow will bring. Charlie - ------------------------------------------------------------------------------- From: Tim Fisher Subject: RE: [CANSLIM] ASND Date: 12 Jan 1999 16:52:33 -0800 I make it a policy never to buy anything which is being bought out. ASND jumped on the news that LU was talking to them, and if the deal falls through, so does the stock. If it goes through, you'll wind up with LU shares. Which may not be a bad thing, but the possibility that the deal may fall through is too much risk for my taste. On 03:34 PM 1/12/99 , Charles Cangialosi Said: > > > Welcome Tiger. > I have to admit I am not really suprised that some things have changed >since HTMMIS was written. I was looking at the dates when I first got it and >wondered why there was not something a little more recent. However based on >comments from long timers on this list and others it appears the basic >tenants are in tact. > It just happens, in my opinion anyway, that some stocks that did not appear >to fit the mold turned out to be rockets. The lucky people caught them the >rest of us got to think about what could have been. > I got some T and ASND today. I decided since I could not find a good spot >to get in that I would go the mattress stuffer route. I dont intend to get >shaken out to easily. I am using weekly as opposed to daily charts so I am >in for the longer time frame. With what is left of my brokerage account I am >still hunting CANSLIM candidates. For the record I have some mutual funds >that I contribute regularly to in my retirement account. That is one piece >of advice that I believe WON is right about, I'm just going to leave them >alone. They did OK, with the exception of a small cap fund. No supprise >there but the fund manager did way worse, no way way worse than the RUT. He >is fired tomorrow. I am getting out of his fund. > Cant wait to find out what tomorrow will bring. > >Charlie > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economics 101 Date: 12 Jan 1999 22:07:48 -0500 PPI report due tomorrow, forecasts call for some strong inflationary numbers, watch out for the media commentary. CPI reported on Thursday and Industrial Production on Friday, so all in all a lot for the commentators to talk about. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] tiger49er Date: 12 Jan 1999 22:35:52 -0500 Charlie, FWIW, I am exclusively STILL invested in small cap stocks. Any small cap fund manager who has not outperformed the R2000 deserves to be fired. For the past 18 months or so, my small cap portfolio has consistently outperformed the R2000, and mostly stayed even or better with the big cap indexes, so it can be done even on a part time basis. Thus far in January, I am up about 14%, as an example, and without a single internet stock! The Russell 2000 without a doubt contains a lot of dogs. The trick to small caps is finding the better performers, or at least the ones with the better potential of sharp earnings growth rates. CANSLIM and DGO continues to do that for my portfolios. Any institutional manager who can't show at least that much judgement is spending too much time on the links and not enough time doing his homework. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- canslim@mail.xmission.com Welcome Tiger. I have to admit I am not really suprised that some things have changed since HTMMIS was written. I was looking at the dates when I first got it and wondered why there was not something a little more recent. However based on comments from long timers on this list and others it appears the basic tenants are in tact. It just happens, in my opinion anyway, that some stocks that did not appear to fit the mold turned out to be rockets. The lucky people caught them the rest of us got to think about what could have been. I got some T and ASND today. I decided since I could not find a good spot to get in that I would go the mattress stuffer route. I dont intend to get shaken out to easily. I am using weekly as opposed to daily charts so I am in for the longer time frame. With what is left of my brokerage account I am still hunting CANSLIM candidates. For the record I have some mutual funds that I contribute regularly to in my retirement account. That is one piece of advice that I believe WON is right about, I'm just going to leave them alone. They did OK, with the exception of a small cap fund. No supprise there but the fund manager did way worse, no way way worse than the RUT. He is fired tomorrow. I am getting out of his fund. Cant wait to find out what tomorrow will bring. Charlie - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economics 102 Date: 12 Jan 1999 22:44:12 -0500 I love it, the Japanese government just can't stand to sit by and avoid intervening in the foreign currency markets. This time, they're intervening on behalf of the US DOLLAR!! Seems the yen is getting too strong, and that's hurting exports. Last time they lost their shirts thru intervention, they were buying yen. Didn't work then, and buying dollars now isn't expected to work now. Can't they at least find more creative ways to lose the tax dollars of their citizens?? Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Background Date: 12 Jan 1999 23:03:54 -0500 Thanks for the introduction George, pleased to have you in our group. Your background sounds as though you have had an interesting career to say the least. Anyway, don't worry about being a pest. Any and all contributions are welcome. Regards, Frank Wolynski (Often wrong, plan accordingly!) At 22:49 1/11/99 -0800, George W. Gregory wrote: >Fellow CS Members: > > Tom W. suggested I give a little background on myself as a somewhat new >member of the group. ...snipped..... >I'll chime in from time to time but try not to make a pest of myself. > > tiger49er > - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Economics 102 Date: 12 Jan 1999 23:10:08 -0500 South America took it on the chin today, haven't caught the news lately, but I figured it was about time to start dipping into the old 'bad news' bucket and dragging out the budgetary problems in Brazil, Oil stagnation for the rest of S.A., or did I miss something else entirely? Regards, Frank Wolynski At 22:44 1/12/99 -0500, you wrote: >I love it, the Japanese government just can't stand to sit >by and avoid intervening in the foreign currency markets. >This time, they're intervening on behalf of the US DOLLAR!! >Seems the yen is getting too strong, and that's hurting >exports. Last time they lost their shirts thru intervention, >they were buying yen. Didn't work then, and buying dollars >now isn't expected to work now. Can't they at least find >more creative ways to lose the tax dollars of their >citizens?? > >Tom W >stkguru@netside.net >ICQ # 5568838 > > > >- > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economics 102 Date: 12 Jan 1999 23:16:34 -0500 The most immediate factor is in Brazil, where several days ago one province "decided" that it would "withhold" its payment of tax dollars to the central govt. That in turn has once again lit off all the speculation over currency devaluation, chances of enacting meanful economic reforms, IMF withholding its bailout dollars, etc. I still do not believe that IMF and the USA will allow Brazil to buckle and fail, but the cost is clearly increasing. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- South America took it on the chin today, haven't caught the news lately, but I figured it was about time to start dipping into the old 'bad news' bucket and dragging out the budgetary problems in Brazil, Oil stagnation for the rest of S.A., or did I miss something else entirely? Regards, Frank Wolynski At 22:44 1/12/99 -0500, you wrote: >I love it, the Japanese government just can't stand to sit >by and avoid intervening in the foreign currency markets. >This time, they're intervening on behalf of the US DOLLAR!! >Seems the yen is getting too strong, and that's hurting >exports. Last time they lost their shirts thru intervention, >they were buying yen. Didn't work then, and buying dollars >now isn't expected to work now. Can't they at least find >more creative ways to lose the tax dollars of their >citizens?? > >Tom W >stkguru@netside.net >ICQ # 5568838 > > > >- > > - - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Economics 101 Date: 12 Jan 1999 21:29:44 -0800 > PPI report due tomorrow, forecasts call for some strong > inflationary numbers, watch out for the media commentary. > CPI reported on Thursday and Industrial Production on > Friday, so all in all a lot for the commentators to talk > about. Don't know if you caught the news since you posted this, but the PPI was accidentally leaked on the internet this afternoon, not a good number, bonds may struggle tomorrow. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economics 101 Date: 12 Jan 1999 23:39:02 -0500 Hadn't heard about the leak, what are the numbers?? From one site, the expectation is for up 0.3% on overall PPI vs last's month's decline of 0.2%; and up a whooping plus 0.6% for the core vs last months rise of only 0.1%. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- > PPI report due tomorrow, forecasts call for some strong > inflationary numbers, watch out for the media commentary. > CPI reported on Thursday and Industrial Production on > Friday, so all in all a lot for the commentators to talk > about. Don't know if you caught the news since you posted this, but the PPI was accidentally leaked on the internet this afternoon, not a good number, bonds may struggle tomorrow. - - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Economics 101 Date: 13 Jan 1999 00:42:02 -0500 PPI climbs higher - Jan. 12, 1999 (CNNfn) Summary: 13, 1998 Department of Labor NEW YORK (CNNfn) - The producer price index climbed 0.4 percent last month, well ahead of estimates, but economists say the number does not necessarily paint an accurate picture of price performance. Excluding the volatile food and energy sectors, the index advanced fully 1 percent, well ahead of the 0.6 percent estimates. Here's a link: http://cnnfn.com:80/hotstories/economy/9901/12/ppi/ Frank At 23:39 1/12/99 -0500, you wrote: >Hadn't heard about the leak, what are the numbers?? > >From one site, the expectation is for up 0.3% on overall PPI >vs last's month's decline of 0.2%; and up a whooping plus >0.6% for the core vs last months rise of only 0.1%. > >Tom W >stkguru@netside.net >ICQ # 5568838 > >-----Original Message----- >From: Patrick Wahl >To: canslim@lists.xmission.com >Date: Tuesday, January 12, 1999 11:26 PM >Subject: Re: [CANSLIM] Economics 101 > > >From: "Tom Worley" >To: "CANSLIM" > >> PPI report due tomorrow, forecasts call for some strong >> inflationary numbers, watch out for the media commentary. >> CPI reported on Thursday and Industrial Production on >> Friday, so all in all a lot for the commentators to talk >> about. > >Don't know if you caught the news since you posted this, but >the >PPI was accidentally leaked on the internet this afternoon, >not a >good number, bonds may struggle tomorrow. > > > >- > > > >- > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economics 101 Date: 13 Jan 1999 07:30:49 -0500 Nothing to panic over, tho the headlines are a real grabber. But when you follow the link to the whole story, you discover that the cause of such "inflationary" numbers is the 31% hike in cigarette prices put in place last month to pay for the litigation settlement. So only those of us still hooked on tobacco are paying for the billions to settle the lawsuits, and we were also the only ones to suffer inflation. The core number would have been down 0.1% without the contribution from tobacco. But I'm sure the media will still have fun with this. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- PPI climbs higher - Jan. 12, 1999 (CNNfn) Summary: 13, 1998 Department of Labor NEW YORK (CNNfn) - The producer price index climbed 0.4 percent last month, well ahead of estimates, but economists say the number does not necessarily paint an accurate picture of price performance. Excluding the volatile food and energy sectors, the index advanced fully 1 percent, well ahead of the 0.6 percent estimates. Here's a link: http://cnnfn.com:80/hotstories/economy/9901/12/ppi/ Frank At 23:39 1/12/99 -0500, you wrote: >Hadn't heard about the leak, what are the numbers?? > >From one site, the expectation is for up 0.3% on overall PPI >vs last's month's decline of 0.2%; and up a whooping plus >0.6% for the core vs last months rise of only 0.1%. > >Tom W >stkguru@netside.net >ICQ # 5568838 > >-----Original Message----- >From: Patrick Wahl >To: canslim@lists.xmission.com >Date: Tuesday, January 12, 1999 11:26 PM >Subject: Re: [CANSLIM] Economics 101 > > >From: "Tom Worley" >To: "CANSLIM" > >> PPI report due tomorrow, forecasts call for some strong >> inflationary numbers, watch out for the media commentary. >> CPI reported on Thursday and Industrial Production on >> Friday, so all in all a lot for the commentators to talk >> about. > >Don't know if you caught the news since you posted this, but >the >PPI was accidentally leaked on the internet this afternoon, >not a >good number, bonds may struggle tomorrow. > > > >- > > > >- > > - - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] Economics 101 Date: 13 Jan 1999 08:06:06 -0500 >Don't know if you caught the news since you posted this, but the >PPI was accidentally leaked on the internet this afternoon, not a >good number, bonds may struggle tomorrow. Just happened to catch CNBC with their news flashes....first, it was the mistaken release of the report; then it was that the figures were wrong; then it was that they were right....sensatonal broadcasting at it's best ;^) - ------------------------------------------------------------------------------- From: Quan Tran Subject: Re: [CANSLIM] how to cancel canslim Date: 12 Jan 1999 21:47:41 -0800 Email to: majordomo@xmission.com In body of message: unsubscribe canslim At 11:31 PM 1/10/99 -0500, you wrote: >how does one get off the canslim list > > >- - ------------------------------------------------------------------------------- From: FBNAirPlt@aol.com Subject: [CANSLIM] Acc/Dis Numbers Date: 13 Jan 1999 22:34:49 EST Here are the latest Acc/Dis numbers Date A B C D E AB/A:E %E 1/4/99 1163 2797 1267 1002 377 60% 6% 1/5/99 1281 2939 1226 891 309 63% 5% 1/6/99 1217 3019 1269 871 295 63% 4% 1/7/99 1270 3020 1253 858 292 64% 4% 1/8/99 1409 3050 1149 827 279 66% 4% 1/11/99 1399 3022 1171 835 290 66% 4% 1/12/99 1431 3047 1149 831 290 66% 4% 1/13/99 1447 2939 1203 860 309 65% 5% Spreadsheet Numbers: Date,A,B,C,D,E,AB/A:E,%E 1/4/99,1163,2797,1267,1002,377,60%,6% 1/5/99,1281,2939,1226,891,309,63%,5% 1/6/99,1217,3019,1269,871,295,63%,4% 1/7/99,1270,3020,1253,858,292,64%,4% 1/8/99,1409,3050,1149,827,279,66%,4% 1/11/99,1399,3022,1171,835,290,66%,4% 1/12/99,1431,3047,1149,831,290,66%,4% 1/13/99,1447,2939,1203,860,309,65%,5% - ------------------------------------------------------------------------------- From: Jeffry White Subject: [CANSLIM] tiger49er Date: 14 Jan 1999 06:34:00 -0500 > FWIW, I am exclusively STILL invested in small cap stocks. > Any small cap fund manager who has not outperformed the > R2000 deserves to be fired. For the past 18 months or so, my > small cap portfolio has consistently outperformed the R2000, > and mostly stayed even or better with the big cap indexes, > so it can be done even on a part time basis. Thus far in > January, I am up about 14%, as an example, and without a > single internet stock! Tom W. Unless you are running 100 million or more, do you really think this is a fair comment concerning small cap portfolior managers? Jeffry P.S. Excuse me if your portfolio equals or exceeds 100 million.... ;) - ------------------------------------------------------------------------------- From: "Russell, Ron" Subject: RE: [CANSLIM] Acc/Dis Numbers Date: 14 Jan 1999 08:32:25 -0500 Has anyone done any correlation between these numbers and the occurrence of corrections? Ron -----Original Message----- From: FBNAirPlt@aol.com [mailto:FBNAirPlt@aol.com] Sent: Wednesday, January 13, 1999 10:35 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Acc/Dis Numbers Here are the latest Acc/Dis numbers Date A B C D E AB/A:E %E 1/4/99 1163 2797 1267 1002 377 60% 6% 1/5/99 1281 2939 1226 891 309 63% 5% 1/6/99 1217 3019 1269 871 295 63% 4% 1/7/99 1270 3020 1253 858 292 64% 4% 1/8/99 1409 3050 1149 827 279 66% 4% 1/11/99 1399 3022 1171 835 290 66% 4% 1/12/99 1431 3047 1149 831 290 66% 4% 1/13/99 1447 2939 1203 860 309 65% 5% Spreadsheet Numbers: Date,A,B,C,D,E,AB/A:E,%E 1/4/99,1163,2797,1267,1002,377,60%,6% 1/5/99,1281,2939,1226,891,309,63%,5% 1/6/99,1217,3019,1269,871,295,63%,4% 1/7/99,1270,3020,1253,858,292,64%,4% 1/8/99,1409,3050,1149,827,279,66%,4% 1/11/99,1399,3022,1171,835,290,66%,4% 1/12/99,1431,3047,1149,831,290,66%,4% 1/13/99,1447,2939,1203,860,309,65%,5% - - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re:[CANSLIM] canslim - outdated? Date: 14 Jan 1999 06:32:49 -0800 (PST) Seems to me that all the debate about whether or not CS ought to be updated is moot. It HAS been updated. That was what the 26-week series was all about. And for anyone to claim that one must defer to HTMMIS because it's precedent and that WON himself has no right to alter his own work is idiotic. <> WON himself says that IS and float levels are no longer as important as they once were. And one can debate with him if one wants to. But it's his system. He can do what he wants with it. If we think he's incompetent to do so, what good can his system be? What many CSers overlook is that a high level of institutional sponsorship in a high float stock can create a practical low float, i.e., the number of shares available for trade. One of the reasons for the extraordinary intraday volatility in the Internet stocks is that the floats are getting smaller and smaller due to institutional buying. And the volatility will continue until the stocks have split enough or issued enough secondaries to satisfy demand. As far as earnings go, this, to me, is the only element of CS which is open to debate, but even here I see no reason why one must choose. Given the range of numbers which WON has always provided for most of the CS elements, one has had the freedom to lean toward a value approach or a momentum approach, though most people don't recognize the value aspects of CS (and I'm not referring to the "value" investing strategy). The only alteration that to me is open to debate is whether or not one should make earnings optional for the short-termer and mandatory for the intermediate to long-termer. But even here, one could argue that such a modification is not necessary. There aren't many Internet stocks that fit CS criteria (depending on how stringent one wants to be in the application of each and on how one defines "earnings"), but there are a few. And have been. If one had limited himself to them, he would have done just fine. And slept better too. When it comes to earnings, however, one must often do a little extra work, particularly when it comes to a young company. An EPS rank does not equal earnings any more than an RS rank equals relative strength. A young company can have excellent earnings and earnings prospects yet have a fair to middling EPS rank because of the way the EPS rank is calculated. Thus the investor has to put in some research time. The application of intelligence and common sense is also a great help, particularly when differentiating between a young company with a high concept and no earnings as compared to another young company which is raking in the revenues as fast as it can but is putting all those revenues to work rather than puff up a balance sheet. The vast majority of Internet stocks are not CS stocks not because they have no earnings but because they don't have the moxie that CS stocks are supposed to have. If one gets past all the nit-picking trivia of CS and focuses on its essence, there are a handful - and only a handful - of Internet stocks that are true CS stocks. And I can't think of a single reason why a CSer shouldn't buy them. At least, CS isn't preventing him from doing so. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Off-Topic Streaming Video Stock Info Date: 14 Jan 1999 09:44:55 -0500 http://www.nightlybusiness.org/nbrvideo.htm Nice interviews with CSCO's CEO & AOL's CEO ... CSCO's CEO says he thinks in a couple of years, voice telco will be free and we will be paying for the high bandwith stuff like video. - ------------------------------------------------------------------------------- From: "Jeff Salisbury" Subject: [CANSLIM] (Fwd) RS Vs. EPS Date: 14 Jan 1999 08:40:49 -0700 --- Forwarded mail from Coolcat895@aol.com Delivered-To: jeff@csd.sdl.usu.edu X-Mailer: AOL 3.0.1 for Mac sub 61 The bottom line is that, for intermediate period investors (2-6 months, off less when the stocks run away from you), RS is much more important than EPS. To use Canslim limitations on EPS is to eliminate some of the best-performing stocks from consideration. You have to ask yourself: what is more important, how my stock LOOKS or how my STOCK acts? A stock with high EPS that doesn't go up isn't a good stock; a stock with low EPS that does go up is. Pure and simple. A good analogy for football fans is found in QBs Ryan Leaf and Doug Flutie. Leaf is 6-5 and has a big arm, the "ideal" quarterback who floundered in his rookie season. Flutie, meanwhile, is so short he has to jump up sometimes to see over his line, but he throws TDs and wins games. Kevin Kennedy Coolcat Explosive Small Cap Growth Stock Report www.coolcatreport.com ---End of forwarded mail from Coolcat895@aol.com - ------------------------------------------------------------------------------- From: "Jeff Salisbury" Subject: [CANSLIM] (Fwd) WebEntry Confirmation for Task #794 Date: 14 Jan 1999 08:41:03 -0700 --- Forwarded mail from "WebEntry Response System" Delivered-To: jeff@csd.sdl.usu.edu Reply-To: "WebEntry Response System" Your request titled: Convert Patch to fix "control-bit" problem has been been logged into the system as task #794. If you have any questions or problems regarding your request, please refer to this number and contact Ron Berrett. ---End of forwarded mail from "WebEntry Response System" - ------------------------------------------------------------------------------- From: "Jeff Salisbury" Subject: [CANSLIM] (Fwd) Darvas and CNBC Date: 14 Jan 1999 08:43:13 -0700 --- Forwarded mail from Coolcat895@aol.com Delivered-To: jeff@csd.sdl.usu.edu X-Mailer: AOL 3.0.1 for Mac sub 61 <<<> Darvas wouldn't have wanted CNBC blaring in his brain. It would have cluttered his mind and given him thoughts on stocks outside his focus, which was the 6-7 best-performing stocks in the 4-5 best industries. Kevin Kennedy Coolcat Explosive Small Cap Growth Stock Report www.coolcatreport.com ---End of forwarded mail from Coolcat895@aol.com - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Re: Cancellation of CS Messages Date: 13 Jan 1999 22:54:26 -0800 I don't know why anyone would want to cancel the transmission of CS info. There are a lot of people with some good ideas. This is a follow-up on Quan Tran asking how to get off the list. The name of the game is ideas, ideas, ideas. That is what the good money managers are constantly looking for-ideas. There are approx. 11,000 stocks in the WON database and if someone can screen through and give others names to look at, so much the better. In my years in the business (especially the last 10 or 12), a good indicator has been the direction of long term interest rates. Let's face it, the money has to go someplace and with interest rates at the lowest levels in many years, the only place left is the stock market. Another interesting fact is that many money managers don't try too hard to beat the averages; they just want to stay even with the indexes. I really don't think that a number of portfolio managers are very sharp. When they do become a little smarter, they subscribe to WON services. As far as I'm concerned, mutual funds are fine, but I do want one that will out perform the S&P. CS would have allowed some internet stocks in, such as AOL. Most of them would have been screened out with no earnings. I see where AOL have a 76 RS today, which is O.K. Continue to buy the strongest stocks in the strongest groups, as long as they have CS characteristics. I seem to rambling here so will sign off. tiger49er - ------------------------------------------------------------------------------- From: Coolcat895@aol.com Subject: [CANSLIM] Re: canslim-digest V2 #500 Date: 14 Jan 1999 08:04:05 EST The bottom line is that, for intermediate period investors (2-6 months, off less when the stocks run away from you), RS is much more important than EPS. To use Canslim limitations on EPS is to eliminate some of the best-performing stocks from consideration. You have to ask yourself: what is more important, how my stock LOOKS or how my STOCK acts? A stock with high EPS that doesn't go up isn't a good stock; a stock with low EPS that does go up is. Pure and simple. A good analogy for football fans is found in QBs Ryan Leaf and Doug Flutie. Leaf is 6-5 and has a big arm, the "ideal" quarterback who floundered in his rookie season. Flutie, meanwhile, is so short he has to jump up sometimes to see over his line, but he throws TDs and wins games. Kevin Kennedy Coolcat Explosive Small Cap Growth Stock Report www.coolcatreport.com - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] DGO news Date: 14 Jan 1999 20:35:24 +0100 We would like to alert our subscribers that next Friday, January 22, 1999, William O'Neil & Company is updating its 197 Industry Groups. The number of groups (197) will remain the same. The changes are as follows: -Computer-Mini/Micro and Computer-Mainframes will be merged into Computer-Manufacturers. -Containers-Paper/Plastic and Containers-Metal/Glass will be merged into Containers. -Metal-Steel Pipe & Tube will be merged into Metal Processing & Fabrication. -Commercial Svc-Engineering/R&D will be merged into Commercial Services-Misc. -The Finance-Public Traded Investment Funds group will be split into two groups: bond and equity. The following groups are being added: -Internet-Software -Internet-E*Commerce -Internet-Network Security/Solutions -Internet-ISP/Content We hope you are all enjoying our service. Happy New Year! Daily Graphs Online --------------------- end of quoted forwarded message ------------------- Since all the groups that are being added are internet related, I wonder why... ;^) Johan - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] COGIF breakout Date: 14 Jan 1999 20:50:06 +0100 COGIF Breakout on 3.5 x av daily volume (ADV) in face of a negative market. Solid CS credentials: 98 92 A GRS:92 6.5M float Earnings acceleration 3 last Qs: 400%, 567%, 600% Earnings due: 4/2 Breakout point is 23 and ADV(30)=59603 current volume = 274000 Johan - ------------------------------------------------------------------------------- From: mikelu Subject: [CANSLIM] Darvas box/ trailing stops Date: 14 Jan 1999 12:53:39 -0800 I've been using hard stops on all my stocks this time, to be less emotional. I've been trying to put them below the bottom of the Darvas box as the stocks move up, but this latest dip in the market has pointed out a hole in my strategy. When the stock breaks out of the old box to make a new high (new box top), then reacts to make the new higher low (which will be the new bottom of the box), there's a period of time when I'm still using the old box's bottom for a stop. It seems like I'm risking more profit than I need to. I believe Darvas mentioned selling some "weak" stocks before they fell out the bottom of the box, but that seems to put the emotion back in. Does anyone have a good "solution" to this? Thanks, Mike - ------------------------------------------------------------------------------- From: "John Adair" Subject: Re: [CANSLIM] Darvas box/ trailing stops Date: 14 Jan 1999 15:34:40 -0800 solution Dont use hard stops. I recently read about a ploy used by market makers - They sell one share of a stock at a price say 15%less than the market. This then sets the low and triggers off all the stops and the rush will bring the market down. John -----Original Message----- >I've been using hard stops on all my stocks this time, to be less >emotional. I've been trying to put them below the bottom of the Darvas box >as the stocks move up, but this latest dip in the market has pointed out a >hole in my strategy. > >When the stock breaks out of the old box to make a new high (new box top), >then reacts to make the new higher low (which will be the new bottom of the >box), there's a period of time when I'm still using the old box's bottom >for a stop. It seems like I'm risking more profit than I need to. > >I believe Darvas mentioned selling some "weak" stocks before they fell out >the bottom of the box, but that seems to put the emotion back in. > >Does anyone have a good "solution" to this? > >Thanks, > >Mike > > >- > > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Darvas box/ trailing stops Date: 14 Jan 1999 17:16:53 -0500 Mike, I really liked his book. I dont know the answer to your question. On one hand if the stop is to tight you get bounced out, that has happened to me a lot. On the other hand if you loosen up the stop you stand to loose more. I got tired of getting stopped out, I might add that the reason I did was because I got in wrong, the system is fine but operator error is a factor. I got some stocks that I am holding for a longer time frame. I used the weekly chart as opposed to the daily so to set stops I put them where I thought they should be on a weekly chart and if the stock drops some I feel like it will come back in the longer run. I have one other stock that is almost canslim but (according to Ian) has "stubbed it's toe" I purchased puts, so the max I can loose on the transaction is 6.5, which is too high, of my brokerage account I dont think it will come to that, but its the worst case scenario. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of mikelu > Sent: Thursday, January 14, 1999 3:54 PM > To: 'canslim@lists.xmission.com' > Subject: [CANSLIM] Darvas box/ trailing stops > > > I've been using hard stops on all my stocks this time, to be less > emotional. I've been trying to put them below the bottom of the > Darvas box > as the stocks move up, but this latest dip in the market has > pointed out a > hole in my strategy. > > When the stock breaks out of the old box to make a new high (new > box top), > then reacts to make the new higher low (which will be the new > bottom of the > box), there's a period of time when I'm still using the old box's bottom > for a stop. It seems like I'm risking more profit than I need to. > > I believe Darvas mentioned selling some "weak" stocks before they > fell out > the bottom of the box, but that seems to put the emotion back in. > > Does anyone have a good "solution" to this? > > Thanks, > > Mike > > > - > - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: RE: [CANSLIM] Acc/Dis Numbers Date: 14 Jan 1999 18:30:47 -0500 At 08:32 AM 1/14/99 -0500, you wrote: >Has anyone done any correlation between these numbers and the occurrence of >corrections? >Ron > Ian Woodward has done work in this area. He has targets and ranges for peaks and troughs. It isn't absolute and is subjective in terms of what the values mean. I do believe Ian has some definitive and very learned opinions on the readings of the numbers, but I'm not aware specifically what those are. He has a Web site though. http://www.wallstreetcity.com/talk/roundtables.htm Then select the High Growth Stock Corner Forum. Another individual on AOL used to set a target level for a ratio of the A+B/Total and the D+E/Total and call the target level the trigger for getting in and out. He had a limited amount of data available, however. It seemed a bit inadequate to me. I haven't checked in there for a long time and can't remember the exact figures he was using, but he admitted it was a work in progress. I do however go to the bother of tracking it. It appears as timely as the number of stocks above or below their 200 day moving average. Not really for timing, but for confirming trends and defining range. My take on it anyway. I graph the raw data and apply the ratio to a graph on my web site if you'd like to see it. http://home1.gte.net/wolynski/index.htm ( About half way down the left margin menu to the "IBD A/D Raw / Ratios" selection.) Regards, Frank Wolynski P.S. If you go there please disregard my opening page journal. Also are you the Ron Russell ( ronrussell@home.com ) that sends out the Weekly Stock List? If so, thank you for your efforts and fine work. I really appreciate your hard work! - ------------------------------------------------------------------------------- From: "anthony boone" Subject: [CANSLIM] CPQ -breakout 12/4/98 Yes/No ? Date: 14 Jan 1999 19:16:56 -0500 I need help from a CANSLIMer. I have been trying to understand how to identify a breakout, a real confirmed breakout and buy point.. When I analyze the price action on CPQ, I see that it closed at a new 52 week high on above average volume, and the volume and price remained strong for 3 days. Previous High: 8/18/98 37 1/2 35 1/2 38 11/16 35 3/8 28,501,000 New High: 12/04/98 38 11/16 37 5/8 38 3/4 37 24,441,700 next day:12/07/98 41 11/16 39 5/32 41 15/16 38 5/8 30,051,300 next day:12/08/98 41 7/16 41 3/4 43 3/16 40 1/4 27,195,000 today:1/14/99 44 9/16 46 5/16 46 3/8 44 1/2 9,051,700 MY QUESTION: Is this the classic pattern, if not what am i missing? Thanks, Anthony Boone - ------------------------------------------------------------------------------- From: rolatzi Subject: Re: [CANSLIM] Darvas box/ trailing stops Date: 14 Jan 1999 17:19:04 -0800 (PST) Why not use the top of the previous box as the stop when the stock jumps into its next higher box? Ciao, rolatzi ---mikelu wrote: > > I've been using hard stops on all my stocks this time, to be less > emotional. I've been trying to put them below the bottom of the Darvas box > as the stocks move up, but this latest dip in the market has pointed out a > hole in my strategy. > > When the stock breaks out of the old box to make a new high (new box top), > then reacts to make the new higher low (which will be the new bottom of the > box), there's a period of time when I'm still using the old box's bottom > for a stop. It seems like I'm risking more profit than I need to. > > I believe Darvas mentioned selling some "weak" stocks before they fell out > the bottom of the box, but that seems to put the emotion back in. > > Does anyone have a good "solution" to this? > > Thanks, > > Mike > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: DS Subject: Re: [CANSLIM] CPQ -breakout 12/4/98 Yes/No ? Date: 14 Jan 1999 20:58:21 -0600 Hi Anthony, Good Job! Your definitely on your way to identifying sound base structures. Unfortunately, CPQ is a poor example of a Cup & Handle pattern. It's actual more like Db's now famous Funnel with a handle pattern. Here's what I see. First, a new high is important but not as important as buying a stock right when it comes out of the basing area. You have the breakout time correct for the new high but CPQ came out of its base on 12/2/98. Look at the tight trading area from 11/11/98 to 12/1/98. This is the handle or consolidation just before the stock broke out. You want to see this kind of resting action before a stock moves into new high ground. Also, notice that towards the end of the consolidation area the volume got very light. This is ideal as it shows general investor apathy and convictionless selling. 12/2/98 was the correct and safe day to buy this stock. The stock cleared its handle at 35 1/8 and this would have been a good entry point assuming that the volume was really there. Since this was not a new high you could have made your volume requirements more stringent to be sure the stock had enough power to get through the old high(However, large cap stocks can have valid breakouts without the 100 % average daily volume requirement. It's the price breakout that matters with large cap issues more than the volume breakout). It would have been more ideal for this breakout to come with a new high. However, if you bought the new high your stop loss risk would have been nearly 20% assuming you put your stop under the low of 11/30/98. I hope this helps. If you don't see it email me and I will send you a chart so you can see it clearly. Good Trading, Dave Squires >>>I need help from a CANSLIMer. I have been trying to understand how to identify a breakout, a real confirmed breakout and buy point.. When I analyze the price action on CPQ, I see that it closed at a new 52 week high on above average volume, and the volume and price remained strong for 3 days. Previous High: 8/18/98 37 1/2 35 1/2 38 11/16 35 3/8 28,501,000 New High: 12/04/98 38 11/16 37 5/8 38 3/4 37 24,441,700 next day:12/07/98 41 11/16 39 5/32 41 15/16 38 5/8 30,051,300 next day:12/08/98 41 7/16 41 3/4 43 3/16 40 1/4 27,195,000 today:1/14/99 44 9/16 46 5/16 46 3/8 44 1/2 9,051,700 MY QUESTION: Is this the classic pattern, if not what am i missing<< - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] CPQ -breakout 12/4/98 Yes/No ? Date: 14 Jan 1999 20:48:13 -0800 > I need help from a CANSLIMer. I have been trying to understand how to > identify a breakout, a real confirmed breakout and buy point.. > > Previous High: 8/18/98 37 1/2 35 1/2 38 11/16 35 3/8 > 28,501,000 > New High: 12/04/98 38 11/16 37 5/8 38 3/4 37 > 24,441,700 > next day:12/07/98 41 11/16 39 5/32 41 15/16 38 5/8 > 30,051,300 > next day:12/08/98 41 7/16 41 3/4 43 3/16 40 1/4 > 27,195,000 > today:1/14/99 44 9/16 46 5/16 46 3/8 44 1/2 9,051,700 > > > MY QUESTION: Is this the classic pattern, if not what am i missing? This is probably what Db has dubbed the funnel with handle, that is, an abbreviated cup and handle, thus the funnel part. I think if you did want to buy out of this, the buy point would be when it spiked out of the flat base that formed throughout the middle of November, and not wait for the new high. New highs are good if you form the handle around the old highs. CPQ had already risen about 5 points by the time it made a new high, a bit extended from its most recent base of around 34-35. - ------------------------------------------------------------------------------- From: Eatstock@aol.com Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 14 Jan 1999 23:18:50 EST Thanks for the numbers...I am trying to figure out what exactly to do with them. Do you keep a running track and plot it? any ideas would be helpful....what does the AB/A:E mean? thanks chris - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Acc/Dis Numbers Date: 14 Jan 1999 23:46:54 -0500 Frank, Thanks for the response. I did vaguely recall that Ian had covered this, but I too can't remember the specifics. Maybe somone else can chime in. It has been a long while since I've visited Ian's site. That is mostly due to his unfortunate (IMHO) association with Telescan with whom I have had very negative experiences. I'll cruise by your site and take a look around. Finally, yes, I am the same Ron Russell who sends out the Weekly Stock List. I sent my first note from my office. Ron -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Frank V. Wolynski Sent: Thursday, January 14, 1999 6:31 PM At 08:32 AM 1/14/99 -0500, you wrote: >Has anyone done any correlation between these numbers and the occurrence of >corrections? >Ron > Ian Woodward has done work in this area. He has targets and ranges for peaks and troughs. It isn't absolute and is subjective in terms of what the values mean. I do believe Ian has some definitive and very learned opinions on the readings of the numbers, but I'm not aware specifically what those are. He has a Web site though. http://www.wallstreetcity.com/talk/roundtables.htm Then select the High Growth Stock Corner Forum. Another individual on AOL used to set a target level for a ratio of the A+B/Total and the D+E/Total and call the target level the trigger for getting in and out. He had a limited amount of data available, however. It seemed a bit inadequate to me. I haven't checked in there for a long time and can't remember the exact figures he was using, but he admitted it was a work in progress. I do however go to the bother of tracking it. It appears as timely as the number of stocks above or below their 200 day moving average. Not really for timing, but for confirming trends and defining range. My take on it anyway. I graph the raw data and apply the ratio to a graph on my web site if you'd like to see it. http://home1.gte.net/wolynski/index.htm ( About half way down the left margin menu to the "IBD A/D Raw / Ratios" selection.) Regards, Frank Wolynski P.S. If you go there please disregard my opening page journal. Also are you the Ron Russell ( ronrussell@home.com ) that sends out the Weekly Stock List? If so, thank you for your efforts and fine work. I really appreciate your hard work! - - ------------------------------------------------------------------------------- From: mikelu Subject: RE: [CANSLIM] Darvas box/ trailing stops Date: 14 Jan 1999 22:30:23 -0800 The boxes can overlap, so you could be getting stopped out too often. What you're supposed to do is wait for the top to be made (high not exceeded for 3 days), then wait for the new bottom (low not exceeded for 3 days). Mike -----Original Message----- Sent: Thursday, January 14, 1999 5:19 PM Why not use the top of the previous box as the stop when the stock jumps into its next higher box? Ciao, rolatzi ---mikelu wrote: > > I've been using hard stops on all my stocks this time, to be less > emotional. I've been trying to put them below the bottom of the Darvas box > as the stocks move up, but this latest dip in the market has pointed out a > hole in my strategy. > > When the stock breaks out of the old box to make a new high (new box top), > then reacts to make the new higher low (which will be the new bottom of the > box), there's a period of time when I'm still using the old box's bottom > for a stop. It seems like I'm risking more profit than I need to. > > I believe Darvas mentioned selling some "weak" stocks before they fell out > the bottom of the box, but that seems to put the emotion back in. > > Does anyone have a good "solution" to this? > > Thanks, > > Mike > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 15 Jan 1999 08:00:01 -0700 This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] Not Canslim - Bigcharts Tricks Frank Date: 15 Jan 1999 07:05:52 -0800 (PST) Frank, I've been saving up questions to ask you about your work and am prompted to write after your site reference yesterday. The information on your page is impressive (and the links are fast on my computer). I have been collecting some data from the General Market sectors and earnings pages in IBD and have it in very raw form right now. I better see some things to do with it after looking at your page. I have several questions based on my work with groups. The IBD universe is 6000 stocks, your universe is less because you are more selective in screening, I am assuming. Do you know what the definition of the IBD universe is? I screened QP2 for stocks with prices over $2 today(I found that figure somewhere in the IBD- microcaps area) and got 8693 stocks in the 3 exchanges so that's not it. Is your universe all of the stocks from the 197 groups in the Industry Group Book that you follow screened for price and volume? I looked at bigcharts highs and lows on the exchanges; there are more in bigcharts than in the IBD for today;... two different universes? You were working on more current A,B,C,D,E. Did you work it out? Lastly (for today), I saved this attached message from some time ago. I think the links have changed, new http://www.bigcharts.com/reports/bigpics/money-movers.asp?exch=nasdaq&start=1 In the old link, we could change dates to see previous days as you described. Is it obvious to you how to do it with this new link? Thanks, TM ---"Frank V. Wolynski" wrote: > > Discovered something this morning that may be of use to some of you. > I was looking for a means to research the apparent follow through day, > 6/23/98. > > If you click on the available links at Bigcharts for the Charts Report of > the biggest volume changes with recent new highs, you will receive the > little mini charts of all stocks meeting their qualifications. > > While on that page, if you edit the URL (in the browser address window) and > replace todays date with a date you wish to see the data for, you'll be > rewarded with that days page! Not all the charts are there, but the Tickers > and the Names are. I suspect their cache directory is updated daily. > Interesting though, the charts will be their for the stocks continuing to > meet their qualifications! > > Here a sample from the follow through day: > http://www.bigcharts.com/reports/bigpics/volume-change/nasdaq/19980623/all_d > ata.asp > > Same thing applies for the New High List from the opening homepage. > > Sample: > http://www.bigcharts.com/reports/bigmovers/52wk-high/nasdaq/19980623/all_dat > a.asp > > I don't know how far back they go, but I was collecting screens using > Adobe's Acrobat Writer, as far back as 6/17. I would also assume that any > of the other reports are also available. > > Frank Wolynski > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] BBOX Date: 15 Jan 1999 10:55:41 -0500 Hello All, Is BBOX on anyone's breakout watch list?? The chart looks great to me, although the cup is a little deep (50%), eps and rs in the upper 80's. Group strength (computer networks) in the upper 90's. Earnings met estimates. Any comments?? Mark - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Cree News Link Date: 15 Jan 1999 10:59:56 -0500 For any holders of CREE -- CREE announced several news items today. I assume the dilution as a result of issuing additional shares is hurting the stock price today. You can read all of the news releases on Yahoo, of course. For a local newspaper article on CREE's news today, go here http://news-observer.com/biz/ - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 15 Jan 1999 08:03:44 -0800 (PST) Good thing I kept this. --Db ..................................... This is a copy of a post made by a friend of mine last January. He also researched the levels of ABCDE one should look for. --Db <> .................................... This is Ian Woodward's response to a question on the subject. It's based on the aforementioned research. <10%. On each occasion, the resulting drop of A+B to the Total below 62%, fell to around 45%, with the market broken. It hovered at these levels for a few weeks before retracing back up quickly to above 62%, the entire drop to retrace to this level taking approximately 4 weeks. With the number currently at 53%, the market is still weak and in a state of flux. It needs to get above 62% before you can feel comfortable that there is sufficient strength and breadth in the market. This implies that the number for A+B should be around 4500 total. It has another 700 to go, so it still has a fair amount of repair ahead. You should also understand that as the market gets trashed the number of stocks (>$5) goes down, and vice versa. So the current number of 7198 will rise and fall with the strength or weakness of the market. For example, at its peak at the end of October, this total number was about 7570. Likewise, the % of "E" will also give you a clue. Currently, this is 515/7198 = 7.15% - that's bad! For a stable and meaningful market, this number should stay below 4%. As you would expect, the "E" chart pattern is the reverse of the A+B/Total. It hit a peak of between 8 to 10% on the same three occasions mentioned above, and retraced down to the 4% or below level after 4 weeks. You want to watch the # of "E's" come down below 300 for you to be comfortable that the market has repaired. The steady state is between 1.5 to 4% or 100 to 300 stocks in category "E". Likewise, when it gets as low as 1.5 to 2%, you should be on the look out that the market is overextended (over-rich), and is due for a correction. If you put this stuff in a spreadsheet, you can watch the changes and graph the results. With trendlines, you can anticipate when a market is about to break or about to repair!>> == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] BBOX Date: 15 Jan 1999 11:52:43 -0500 At 10:55 AM 1/15/99 -0500, you wrote: > >Hello All, >Is BBOX on anyone's breakout watch list?? The chart looks great to me, >although the cup is a little deep (50%), eps and rs in the upper 80's. >Group strength (computer networks) in the upper 90's. Earnings met >estimates. >Any comments?? Mark > It isn't on my watch list. A breakout (New high -above $41.00) would be necessitated and more volume than it looks like it is capable of generating. It hasn't exactly been storming the gates in relative strength either. Is there a compelling "N" or "C" that is irresistable with the company? The weekly chart is not particularly inspiring. JMTC, you asked for comments. Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] BBOX Date: 15 Jan 1999 09:55:39 -0800 It's on mine. I got it from Ron Russel's list. Chartwise it could be a very sloppy C&H but notice how it has bounced off the low side of 38 like a ping pong ball the last few weeks? I'd call that a pivot point. It couldn't get through it on earnings or an S&P tout either, and I'm frankly surprised, with today's strong market, that it still can't get up there. I suggest you read their earnings release closely - either no one is paying attention to BBOX or there is something buried in there that is making people flinch. P.S. They are in a merger so maybe that's why the price isn't reacting to earnings. It is scheduled to be completed this month. At 10:55 AM 1/15/99 -0500, you wrote: > >Hello All, >Is BBOX on anyone's breakout watch list?? The chart looks great to me, >although the cup is a little deep (50%), eps and rs in the upper 80's. >Group strength (computer networks) in the upper 90's. Earnings met >estimates. >Any comments?? Mark > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Joe J." Subject: [CANSLIM] hard stops...to use or not to use??? Date: 15 Jan 1999 11:53:21 -0700 > solution Dont use hard stops. I recently read about a ploy used by market > makers - They sell one share of a stock at a price say 15%less than the > market. This then sets the low and triggers off all the stops and the > rush will bring the market down. > John > A solution to this problem is to say away from thinly traded stocks. While I agree that MM'ers can and do use this practice, it is obviously much more difficult to accomplish this in a very liquid market. When I run scans for stocks, I will look for average volume of at least 500,000 shares per day. I will occasionally trade trade stocks which have a lower average volume if I really like the stock. I think we have put to rest that float doesn't matter elsewhere so we don't have to worry about high volume stock having too large of a float. This issue of hard stops is a tough one. Certainly if you are sitting in front of your real time steaming quotes screen with instant trading features, hard stops are not necessary. However, what if you're not? I have been burned a few times on stocks that gap down on negative news or a poor market (i.e., this past Wednesday morning). Sometimes the hard stops serve to be towards the low range of the day and sometimes they are not. My feeling is that the cardinal rule in trading is to preserve capital as to be able to stay in the game. Thus, I would rather be stopped out prematurely then risk getting severely burned on a position that continues to decline past where I placed that "mental stop" but wasn't there to watch it. Therefore, I never have a position open for which I don't have a hard stop in. Good trading, Joe J. - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] BBOX Date: 15 Jan 1999 11:06:24 -0800 (PST) I saw a cup and handle, but thought that the handle failed on 1/12/99. Anywhay the way I interpret 3,7,10 MAverages (still learning); 3 crossed the 7 giving a first level buy that day and it has gone down every day since. It has closed in the lower third of its range 3 days in a row which is below its 20 day MA. I wouldn't buy right now. TM > > Hello All, > Is BBOX on anyone's breakout watch list?? The chart looks great to me, > although the cup is a little deep (50%), eps and rs in the upper 80's. > Group strength (computer networks) in the upper 90's. Earnings met > estimates. > Any comments?? Mark > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Not Canslim - Bigcharts Tricks Frank Date: 15 Jan 1999 16:12:55 -0500 At 07:05 AM 1/15/99 -0800, you wrote: >Frank, > >I have several questions based on my work with groups. The IBD >universe is 6000 stocks, your universe is less because you are more >selective in screening, I am assuming. > >Do you know what the definition of the IBD universe is? I screened >QP2 for stocks with prices over $2 today(I found that figure somewhere >in the IBD- microcaps area) and got 8693 stocks in the 3 exchanges so >that's not it. Is your universe all of the stocks from the 197 groups >in the Industry Group Book that you follow screened for price and >volume? I really don't know how IBD defines it's universe. I purchased the "Industry Groups Guide", but have found in some groups that some really cheap and illiquid stocks are listed. My universe is less. I started with the "Companies in the News" tables. There you'll find up to 24 stocks in a group listed by EPS/RS. I believe the stocks are ranked by EPS+RS top down. I don't have the paper with me. This gave me quite a few of the groups and some good stocks, however IBD is not the greatest in timely highlighting of an appropriate "In The News" group. I then bought the "Industry Group Guide" and added the rest of the groups using the top stocks in each group. To keep my universe current, I check the Weekend in Review, Ron Russell's "Weekly Stock List", Rogers HGS Mumbo Jumbo site, IBD new highs list, Tom's list of NH's and this listserv, Individual Investors quarterly Top 500 update, Big Charts for breakouts, then go around the circle again. All in all a neverending task. I envy DB's more focused approach, but the A--- Retentive natured engineer in me demands my universe be complete and the only way for "relative" to have meaning to me is to know the complete universe, bad and good. So, therefore my universe contains all the groups. (Minus, mining gems and two others. I mean there is hope for me afterall.) Even this is not enough. I've often wanted to move the IBD groups into sectors and look at broader swatches of the markets. Since this has not been done by IBD or WON, I've been hesitant to do it. Besides I have another means to fill that particular void. Many years ago in a Galaxy far far away I used Metastock and tracked the Dow Jones Sectors/Groups by manually entering the data weekly. They are a more liquid group and represent the large and mid caps, Institutional favorites. If I'm going to run around in the jungle trying not to get eaten, I might as well know where the elephants are stomping, or at least know their "paths of least resistance". It works for me. > >I looked at bigcharts highs and lows on the exchanges; there are more >in bigcharts than in the IBD for today;... two different universes? I'm sure of it, but can't help in eithers definition. I do trust the IBD's universe more. Some basic RS/EPS and Group focus is a must for my interest to be ignited. > >You were working on more current A,B,C,D,E. Did you work it out? > Not that I could say mirrored IBD's approach. I found something in Wilders RSI that works for me. I count the numbers of stocks in certain ranges, in regards to the WRSI and graph the result. My interest in IBD's ABCDE is restricted to just tallying the numbers. I have control of my own Mumbo-Jumbo and am comfortable with it. We usually are with the things we understand. As long as WON's ABCDE A/D numbers are proprietary and confidential, I would never have confidence in them. Again the engineer that demands to know how it works controls that area of my life. > >Lastly (for today), I saved this attached message from some time ago. >I think the links have changed, new >http://www.bigcharts.com/reports/bigpics/money-movers.asp?exch=nasdaq&start=1 > >In the old link, we could change dates to see previous days as you >described. Is it obvious to you how to do it with this new link? > They've changed server software. The old system was updated by publishing a new html document to the directory (folder) that contained all the particular charts. The old documents were date named and you could simply change the address and see yesterdays document. The new server is apparently generating the pages dynamically. Takes less human effort on their part with the new method. In short, I couldn't find a way to see yesterdays because yesterday was never on the server as a file, it was generated as "now" and always will be. So any reference to time or date is irrelevant. Can't do it. It is created as you log in each time and day. I hope this has helped. Regards, Frank Wolynski - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com Subject: [CANSLIM] Your message to canslim was too big... Date: 15 Jan 1999 16:44:34 -0700 This is an automatic message sent to: canslim@lists.xmission.com Your message sent to the canslim group with the subject of: canslim-digest V2 #501 and sent on the date/time of: Fri, 15 Jan 1999 08:02:21 -0700 was received. However, it has not yet been forwarded to the group. The reason for the delay was that your message exceeds the list's automatic threshold and will require approval before it is posted to the group. The reason this threshold exists is to: 1. Prevent people from quoting vast portions of someone else's message. canslim members are encouraged to trim down quotations as much as possible. 2. Prevent people from unknowingly quoting the entire digest. New digest subscribers are vulnerable to this mistake. 3. Prevent people from sending large data or graphics files through the list. However, you may have just sent a message that was long. This is OK and your message will not be rejected because of its length. In the future, you do not need to seek permission for long postings. I do not want to discourage long, on-topic, original messages. If this is the case with your message, please accept my apologies for this dely. Your message will be forwarded to the group without editing within 24 hours (usually within a few minutes). Consequently, please do not fix and resend your message without contacting me first as this may cause your message to be posted twice (once by me and once by you). Best Regards, Jeff Salisbury - canslim owner/admin - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] hard stops...to use or not to use??? Date: 15 Jan 1999 19:28:10 -0500 If anyone can cite chapter and verse (e.g. the date, at least approx; the stock; the price traded and the then current bid and ask; and if possible the firm) that traded that phantom one share of stock 15% below (or above) the market so as to manipulate the mkt into triggering and executing a basket of stop orders, I will be happy to follow up with the SEC (they're only six blocks from my office and I know people there). Personally, while I have seen such blatant attempts at price manipulation, I have only seen it very rarely, and it took a LOT more than one share to achieve the goal. On the other hand, I have seen many occasions where there was a bad "print", usually later corrected. Of course, they don't report single shares, only lots of 100 so this may not explain it. This may have given some investors the false impression of such a scenario. But since I can't prove this transaction of a single share 15% off market, I welcome anyone educating me, and in return will attempt to get an SEC investigation initiated. You can respond via the group address, or directly to me at stkguru@netside.net and I will keep you informed on any results. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- > solution Dont use hard stops. I recently read about a ploy used by market > makers - They sell one share of a stock at a price say 15%less than the > market. This then sets the low and triggers off all the stops and the > rush will bring the market down. > John > A solution to this problem is to say away from thinly traded stocks. While I agree that MM'ers can and do use this practice, it is obviously much more difficult to accomplish this in a very liquid market - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] hard stops...to use or not to use??? Date: 16 Jan 1999 04:23:34 -0500 Tom, I dont know anything about one share of stock but according to Searandeo, traders legally manipulate prices all the time. He makes the point and I agree that it is not illegal to work within the limits of the rules to try to get the best price. It was really interesting reading, as I have no concept of what happens when an order is placed or how the system actually works. Dr. Elders mentions the "them vrs us" mentality of floor traders and I didn't really understand what he was referring to till just yesterday when I read that section of "Trader Vic". The part that really blew me away was how program trading is done. I had not known that part of the game was avoiding being trampled by elephants. What should be interesting in the years to come now that everyone is on line with a e-trade or ameritrade or something, is how will that change things. Will chart patterns change now that a gazillion people are out here all with our own separate strategies. It's interesting reading. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Friday, January 15, 1999 7:28 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] hard stops...to use or not to use??? > > > If anyone can cite chapter and verse (e.g. the date, at > least approx; the stock; the price traded and the then > current bid and ask; and if possible the firm) that traded > that phantom one share of stock 15% below (or above) the > market so as to manipulate the mkt into triggering and > executing a basket of stop orders, I will be happy to follow > up with the SEC (they're only six blocks from my office and > I know people there). Personally, while I have seen such > blatant attempts at price manipulation, I have only seen it > very rarely, and it took a LOT more than one share to > achieve the goal. > > On the other hand, I have seen many occasions where there > was a bad "print", usually later corrected. Of course, they > don't report single shares, only lots of 100 so this may not > explain it. This may have given some investors the false > impression of such a scenario. But since I can't prove this > transaction of a single share 15% off market, I welcome > anyone educating me, and in return will attempt to get an > SEC investigation initiated. > > You can respond via the group address, or directly to me at > stkguru@netside.net and I will keep you informed on any > results. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Joe J. > To: canslim@lists.xmission.com > Date: Friday, January 15, 1999 1:43 PM > Subject: [CANSLIM] hard stops...to use or not to use??? > > > > solution Dont use hard stops. I recently read about a > ploy used by market > > makers - They sell one share of a stock at a price say > 15%less than the > > market. This then sets the low and triggers off all the > stops and the > > rush will bring the market down. > > John > > > A solution to this problem is to say away from thinly traded > stocks. > While I agree that MM'ers can and do use this practice, it > is obviously > much more difficult to accomplish this in a very liquid > market > > > - > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Week's performance Date: 16 Jan 1999 08:14:15 -0500 Hello members, It's been a while since I posted my complete watch list of small cap stocks. Some members don't want it, and while I was not being faithful to my system I felt uncomfortable in sharing unless it was requested privately. I don't intend to make this a regular post, but did want to respond to one member's response to my comment on small cap fund manager's performance. Small cap stocks are certainly not suitable for many (maybe most in today's volatile mkts) investors, but they do work for me. I've been slowly trying to make the time to resume my discipline, and it's paying off. Now only up 12.8% for January, but the ones I'm trying to buy but miss are taking off, thus building my confidence factor. Led to me getting too aggressive on one (DTEK) out of frustration of missing several others. Oh well, you gotta crack some eggs to make an omelet. I chose not to respond to the comment that I was being unfair to small cap fund mgrs unless I too was working with $100 million to invest. With the expansion of the definition of "small cap", as well as the current liquidity (most on my list have ADV of 100,000 or better), I find no justification for a small cap mgr not soundly beating the R2000 and at least staying even, if not better, than the Naz Comp index. My weekly reports generally look just like this list. If I had the capital to just buy everything on my list, I would usually beat most indexes. And now that I am back to some discipline and effort, by being selective and using MACD for timing, I would easily blow away most indexes (except possibly the internet one). Anyway, here's what I've been doing: Switched two losers to my IRA to hold longer term and for tax writeoff to shelter profits (Scan Optics and Misonix). Will hold Misonix long term due fundies, sell Scan on signal from MACD. Neither are currently CANSLIM. Added to my Timberline and Elec. Processing (12.875 and 10 respectively). Profitable on original shares and nicely profitable on new shares. Tried to buy Healthdyne and Overland as they came out of short bases, both got away. Frustrated, bot Display Tech at 6.875 on a pullback after it got away as well, now paying the price for ignoring MACD on this one. Still negative and may pull the plug next week. Tried to buy Take Two, another miss, gotta get more aggressive, or quicker, with these small floats. Tried to buy Rimage but so far no pullback, and after the experience with Display, will likely cancel the order this weekend. Biggest lesson learned for 1998 - gotta stay focused and disciplined. If I can't do this for personal or emotional reasons, or day job workload simply doesn't permit the time to be focused, better cashing out for awhile and take a vacation. Here's the latest week's results with major index comparisons: Security Close 52 Wk High 52 Wk Low PE Ratio Week Chge Best Software Inc 23 5/8 28 1/2 9 3/4 +8.0% Delphi Information Sys 8 1/8 9 1/8 2 7/8 +4.8% Display Technologies 5 3/4 7 13/16 2 5/8 17 -9.8% Electronic Processing 12 5/8 20 8 1/16 45 +7.4% Exactech Inc 10 1/2 13 5/8 5 26 -3.4% Healthdyne Info Ent 9 5/8 9 1/2 1 7/16 +13.2% Invivo Corporation 15 1/2 17 8 1/4 23 +0.8% MDC Corp 20 1/4 24 13 10 -2.7% Miami Computer Supply 27.68 29 3/4 8 7/8 48 -1.1% Misonix Inc 5 9/16 8 3/4 4 1/4 9 +5.9% Overland Data Inc 9 15/16 11 5/8 3 3/8 25 +13.5% Polycom Inc 25 3/4 26 1/2 5 50 +2.2% Rimage Corporation 17 17 1/4 3 3/8 19 +21.4% Scan-Optics Inc. 4 31/32 10 1/8 3 11 +5.9% Secure Computer 25 15/16 26 1/8 6 3/8 +16.9% Take-Two Interactive Software11 1/8 12 3/8 4 3/4 29 +7.8% Timberline Software 16 3/4 20 5/8 8 1/8 25 +4.6% Unify Corporation 9 5/8 10 1/2 1 3/4 48 +21.2% Composite NASDAQ 2,348.20 +0.1% Dow Jones 30 Industrials -3.1% Russell 2000 Index -0.9% Standard & Poor's 100 Index -3.0% Standard & Poor's 500 Index -2.4% Vix Market Volitility Index 29.75 +24.5% Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Market Manipulation (was Re: [CANSLIM] hard stops...to use or not to use???) Date: 16 Jan 1999 08:39:14 -0500 Hi Charlie, It's important to understand first that a floor trader is just that, not an investor, but rather a trader. He (or she, I think there are now a few) make their money on sixteenths and eighths, not on home runs or even base hits that guys like us trading hundreds or thousands of shares need. They are also doing it for a living, it's their job and how they pay themselves. This is also true of the independent "traders" like Connie, who make a living day trading. For most, it's a very intense occupation, and they want to close the day flat (neither long nor short) so they can start the next day from scratch. If they hold a position overnight, they are usually thinking in terms of only holding for a few days, not weeks or months of "mattress stuffing". Second, it's also important to realize that much that has been written about market manipulation by market makers was regarding Nasdaq stocks, and preceded the massive lawsuit now settled for over $100 million by a number of large firms. This led directly to the implementation of the new Order Display rules designed to prevent past abuses and allow individual investors full access to the markets. The NYSE and AMEX have long been auction systems, with these new rules NASDAQ comes much closer to an auction system as well. And with the merger of AMEX and NASDAQ, I expect this process to continue. Third, since "odd lots" are not printed (and a single share certainly would be an odd lot) I don't believe it would achieve the desired effect of printing a trade away from the market for purposes of triggering stops. The same is true of a very large transaction executed off market (e.g. a mutual fund that wants to buy or sell a qtr or half million shares). Sometimes these large "off market" blocks are reported and affect the high or low of the day, but often the high or low is subsequently corrected to exclude these off mkt transactions. I don't question that there will always be some mkt manipulation, heck I've done it myself as an individual investor, as well as while operating the trading desk for a broker dealer. It's part of the business, and the traders I was dealing with were well aware of it, just as they would try to manipulate me. But we were dealing with fractional parts of a dollar, not something 15% off current mkt quotes (example would be I've got a mkt buy order for 5000 shares in front of me, I talk to a market maker who wants to execute it at the offer, I convince him that we need the order done an eighth better, within the spread). However, a 15% difference would be pretty blatant, which is why I offered to take any documented cases to the SEC, as I know they would be interested in any cases that actually occurred that their audits and mkt surveillance systems may have somehow missed. (and their systems are quite good, tho often slow to act without a lengthy investigation) Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Tom, I dont know anything about one share of stock but according to Searandeo, traders legally manipulate prices all the time. He makes the point and I agree that it is not illegal to work within the limits of the rules to try to get the best price. It was really interesting reading, as I have no concept of what happens when an order is placed or how the system actually works. Dr. Elders mentions the "them vrs us" mentality of floor traders and I didn't really understand what he was referring to till just yesterday when I read that section of "Trader Vic". The part that really blew me away was how program trading is done. I had not known that part of the game was avoiding being trampled by elephants. What should be interesting in the years to come now that everyone is on line with a e-trade or ameritrade or something, is how will that change things. Will chart patterns change now that a gazillion people are out here all with our own separate strategies. It's interesting reading. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Friday, January 15, 1999 7:28 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] hard stops...to use or not to use??? > > > If anyone can cite chapter and verse (e.g. the date, at > least approx; the stock; the price traded and the then > current bid and ask; and if possible the firm) that traded > that phantom one share of stock 15% below (or above) the > market so as to manipulate the mkt into triggering and > executing a basket of stop orders, I will be happy to follow > up with the SEC (they're only six blocks from my office and > I know people there). Personally, while I have seen such > blatant attempts at price manipulation, I have only seen it > very rarely, and it took a LOT more than one share to > achieve the goal. > > On the other hand, I have seen many occasions where there > was a bad "print", usually later corrected. Of course, they > don't report single shares, only lots of 100 so this may not > explain it. This may have given some investors the false > impression of such a scenario. But since I can't prove this > transaction of a single share 15% off market, I welcome > anyone educating me, and in return will attempt to get an > SEC investigation initiated. > > You can respond via the group address, or directly to me at > stkguru@netside.net and I will keep you informed on any > results. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > -----Original Message----- > From: Joe J. > To: canslim@lists.xmission.com > Date: Friday, January 15, 1999 1:43 PM > Subject: [CANSLIM] hard stops...to use or not to use??? > > > > solution Dont use hard stops. I recently read about a > ploy used by market > > makers - They sell one share of a stock at a price say > 15%less than the > > market. This then sets the low and triggers off all the > stops and the > > rush will bring the market down. > > John > > > A solution to this problem is to say away from thinly traded > stocks. > While I agree that MM'ers can and do use this practice, it > is obviously > much more difficult to accomplish this in a very liquid > market > > > - > > - - ------------------------------------------------------------------------------- From: Jeffry White Subject: [CANSLIM] Week's performance Date: 16 Jan 1999 09:18:23 -0500 > I chose not to respond to the comment that I was being > unfair to small cap fund mgrs unless I too was working with > $100 million to invest. With the expansion of the definition > of "small cap", as well as the current liquidity (most on my > list have ADV of 100,000 or better), I find no justification > for a small cap mgr not soundly beating the R2000 and at > least staying even, if not better, than the Naz Comp index. Tom W. Obviously, I failed to consider your extraordinarily thin skin when I questioned the fairness of your criticism of small cap fund managers. Again, I've offended you. Just a simple question to a fairly emboldened comment, I thought. If my point was not obvious, let me be more direct. Last week, I took one account with a measly $700 in it (yes, just two zeroes) up five fold in one small cap stock (using options only, and more than one trade in both directions). Now, wouldn't it be unfair for criticize all small cap fund managers who didn't do as well as I last week? If I can do it, why can't they? You don't really believe that you could quietly slip 100 million into and out of a handful of stocks as easily as you're slipping a few thousand bucks into those same few issues, do you? Perhaps I missed your point, but isn't it the 100 million folks buying activity that is making you the profit on your few hundred shares? Really not trying to insult you, argue with you, or silence your participation in the group. Just found the comment kind of humorous, unexplained, and hard to understand. Respectfully, Jeff - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Week's performance Date: 16 Jan 1999 09:38:52 -0500 Hello, Jeffry, I hope my response has now answered your "simple question" and its no longer "unexplained, and hard to understand". While many small cap funds are not working with as much as $100 million at any time (much less trying to "slip 100 million into and out of a handful of stocks"), I do believe there are sufficient opportunities and liquidity for any small cap fund manager to be selective, if he is willing to invest the time and effort to do his job, and thus pick more of the top performing small cap stocks and easily beat the R2000 index performance. Frankly, ANY fund manager that can't be selective enough to beat any unmanaged index should be fired, assuming that "his" portfolio is supposed to be compared to a specific index. If he can't beat an unmanaged index, who needs him? Sorry if this offends you, but I have felt this way for a long time. Frankly, I am not impressed with most funds managers, and don't think they earn their salaries, bonuses, or other compensations. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- > I chose not to respond to the comment that I was being > unfair to small cap fund mgrs unless I too was working with > $100 million to invest. With the expansion of the definition > of "small cap", as well as the current liquidity (most on my > list have ADV of 100,000 or better), I find no justification > for a small cap mgr not soundly beating the R2000 and at > least staying even, if not better, than the Naz Comp index. Tom W. Obviously, I failed to consider your extraordinarily thin skin when I questioned the fairness of your criticism of small cap fund managers. Again, I've offended you. Just a simple question to a fairly emboldened comment, I thought. If my point was not obvious, let me be more direct. Last week, I took one account with a measly $700 in it (yes, just two zeroes) up five fold in one small cap stock (using options only, and more than one trade in both directions). Now, wouldn't it be unfair for criticize all small cap fund managers who didn't do as well as I last week? If I can do it, why can't they? You don't really believe that you could quietly slip 100 million into and out of a handful of stocks as easily as you're slipping a few thousand bucks into those same few issues, do you? Perhaps I missed your point, but isn't it the 100 million folks buying activity that is making you the profit on your few hundred shares? Really not trying to insult you, argue with you, or silence your participation in the group. Just found the comment kind of humorous, unexplained, and hard to understand. Respectfully, Jeff - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO New Highs Date: 16 Jan 1999 09:53:54 -0500 No surprise, the numbers are down sharply this week. Most of the new highs came early in the week, or on Friday (which tells me a lot of top performers never backed off that much, and were positioned to break new highs on Friday's rally, 23 in all, despite the drop of the two prior days). Overall, 277 of the stocks in the Daily Graphs books hit a new high last week, and of this number 97 meet the basic CANSLIM test of RS/ESP of 80/80 or better. Here's the survivors: PLXS, EAGL, PROX, ORCL, CGX, CLKB, CREE, ADMS, CACS, CMVT, MYG, GNSSF, INSS, GDT, TIF, ECILF, DELL, ADCT, IMTR, ARMHY, LXK, CTL, LOW, YHOO, T, SALT, VRTS, USM, SYKE, NITE, ZOMX, BEBE, AVTC, MRX, KROG, OVRL, INTC, PGR, CVD, AHO, ITII, FPIC, PLCE, NTAP, COF, CHKPF, YNR, MMS, SCOR, EWB, SUNW, HLYW, GENZ, AXTI, CDWC, FDS, SDLI, ATSI, ABE, MDCC, SAPE, FM, MXIM, VCI, MELI, PTI, AAII, ARX, UVSGA, LLTC, ISTN, SWFT, ACAI, LEVL, TCAT, MWHS, TECH, PSDI, ITP, ASND, WHIT, PRGN, SANM, FORR, MHP, SEBL, TLTN, APEX, OCLI, ALTR, COGIF, ATI, ORLY, AAS, AGN, EMC, CPN. As always, I haven't done any reviews of these so don't know if any of them may be valid buys. Nor do I guarantee against any typos. You're on your own from here. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: rolatzi Date: 16 Jan 1999 07:46:37 -0800 (PST) !DJ30,12/16/1998,8922.94,8675.52,8790.60, 70.31, 94.30 !DJ30,12/17/1998,8959.76,8725.21,8875.82, 71.75, 90.92 !DJ30,12/18/1998,9012.28,8789.31,8903.63, 95.15, 88.07 !DJ30,12/21/1998,9150.54,8874.28,8988.85, 77.84, 86.67 !DJ30,12/22/1998,9122.99,8909.29,9044.46, 58.51, 86.09 !DJ30,12/23/1998,9255.84,9022.58,9202.03, 58.32, 87.96 !DJ30,12/24/1998,9289.57,9146.42,9217.99, 20.21, 89.69 !DJ30,12/28/1998,9330.50,9133.54,9226.75, 45.91, 91.17 !DJ30,12/29/1998,9375.30,9152.34,9320.98, 51.15, 93.84 !DJ30,12/30/1998,9390.75,9211.30,9274.64, 48.25, 95.24 !DJ30,12/31/1998,9343.64,9106.77,9181.43, 53.40, 94.67,Compress !DJ30,01/04/1999,9393.84,9089.00,9184.27, 89.41, 93.94 !DJ30,01/05/1999,9389.46,9137.66,9311.19, 79.86, 95.13 !DJ30,01/06/1999,9608.05,9315.42,9544.97, 10.34, 99.86 !DJ30,01/07/1999,9616.29,9369.12,9537.76, 88.29,103.76,Reversal !DJ30,01/08/1999,9759.44,9447.91,9643.32,103.25,108.78 !DJ30,01/11/1999,9751.46,9446.36,9619.89, 98.72,112.65 !DJ30,01/12/1999,9680.40,9394.87,9474.68, 95.68,113.41 !DJ30,01/13/1999,9485.24,9134.06,9349.56,109.06,111.67,Compress !DJ30,01/14/1999,9359.08,9087.72,9120.93, 92.77,105.92 !DJ30,01/15/1999,9381.74,9124.02,9340.55, 80.77,104.05 !NYA ,12/16/1998,564.31,559.95,562.89, 7.36, 6.49 !NYA ,12/17/1998,570.16,562.84,570.15, 7.44, 6.44 !NYA ,12/18/1998,572.54,568.77,572.07, 8.42, 6.40 !NYA ,12/21/1998,581.01,571.79,577.70, 7.45, 6.45 !NYA ,12/22/1998,580.82,574.13,578.75, 7.45, 6.49 !NYA ,12/23/1998,589.58,578.66,588.95, 6.88, 6.68 !NYA ,12/24/1998,589.94,587.82,589.07, 2.47, 6.84 !NYA ,12/28/1998,591.05,587.18,589.01, 5.33, 6.97,Reversal !NYA ,12/29/1998,597.05,587.32,597.05, 5.89, 7.20 !NYA ,12/30/1998,597.86,593.68,594.27, 6.00, 7.35,Reversal !NYA ,12/31/1998,597.82,592.70,595.81, 7.55, 7.49 !NYA ,01/04/1999,602.83,590.47,594.12, 8.85, 7.57,Reversal !NYA ,01/05/1999,600.24,594.00,599.91, 7.81, 7.72 !NYA ,01/06/1999,611.05,599.88,611.01, 7.84, 8.02 !NYA ,01/07/1999,611.01,604.47,609.19, 8.59, 8.24,Compress !NYA ,01/08/1999,612.20,605.86,611.06, 9.42, 8.45 !NYA ,01/11/1999,611.06,600.06,604.04, 8.17, 8.50 !NYA ,01/12/1999,604.04,593.61,594.59, 7.96, 8.36 !NYA ,01/13/1999,595.50,579.76,590.72, 9.34, 8.15,Compress !NYA ,01/14/1999,591.56,579.71,581.07, 7.97, 7.77 !NYA ,01/15/1999,593.40,581.07,593.39, 7.98, 7.61 !COMP,12/16/1998,2027.10,1996.80,2009.30, 0.85, 42.05,Reversal !COMP,12/17/1998,2043.80,2014.70,2043.80, 0.80, 42.46 !COMP,12/18/1998,2086.10,2055.80,2086.10, 0.91, 43.43 !COMP,12/21/1998,2143.80,2104.10,2138.00, 0.96, 45.07 !COMP,12/22/1998,2144.60,2105.50,2120.90, 0.91, 46.15 !COMP,12/23/1998,2172.50,2134.20,2172.50, 0.97, 47.88 Symbol,Date, Hi, Lo, Close, Vol MACD, Action !COMP,12/24/1998,2171.30,2162.60,2163.00, 0.45, 49.15 !COMP,12/28/1998,2190.10,2163.00,2180.30, 0.87, 50.47 !COMP,12/29/1998,2186.10,2161.80,2181.70, 0.92, 51.55 !COMP,12/30/1998,2196.60,2160.90,2166.90, 0.93, 52.15,Reversal !COMP,12/31/1998,2200.60,2165.70,2192.60, 0.89, 52.97 !COMP,01/04/1999,2233.50,2192.60,2208.00, 0.94, 53.83 !COMP,01/05/1999,2251.70,2206.40,2251.20, 0.95, 55.18 !COMP,01/06/1999,2320.90,2286.10,2320.80, 1.26, 57.42 !COMP,01/07/1999,2333.70,2284.20,2326.00, 1.21, 59.38 !COMP,01/08/1999,2369.50,2314.90,2344.40, 1.29, 61.31 !COMP,01/11/1999,2384.70,2348.20,2384.50, 1.15, 63.55 !COMP,01/12/1999,2396.30,2320.20,2320.70, 1.11, 64.34 !COMP,01/13/1999,2353.30,2205.60,2316.80, 1.20, 64.81,Compress !COMP,01/14/1999,2338.20,2276.30,2276.80, 1.02, 64.37 !COMP,01/15/1999,2348.72,2276.82,2348.20, 1.01, 64.98 _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "mdor" Subject: [CANSLIM] Fast Stochastic and Slow Stochastic Formula Request Date: 16 Jan 1999 12:45:06 -0600 Hello Group: I have periodically requested information on formulas for a number of indicators. I am currently preparing myself to program the Slow Stochastic and Fast Stochastic in my visual basic program. However, I can only find one formula between the slow and fast stochastic indicator. Could someone shed some light on the difference between the slow stochastic and the fast stochastic? Also, could you provide the formulas for both stochastics so that I can compare them and analyze them for my program? If you have technical analysis programs that provide the formulas in your help section of the program, I would appreciate this information. Thanks so much for your time and effort. Michael Doroshenko - ------------------------------------------------------------------------------- From: "Jeff Salisbury" Subject: [CANSLIM] (Fwd) New Industry Groups Date: 16 Jan 1999 13:53:33 -0700 --- Forwarded mail from "George W. Gregory" Delivered-To: jeff@csd.sdl.usu.edu X-Mailer: Microsoft Outlook Express for Macintosh - 4.01 (295) X-Priority: 3 In answer to Johan wondering why the new additions are Internet related, I believe you all know the answer. Since developing the industry group list was one of my last projects before I left WON, I felt that this is where the growth will be. Don't be terribly surprised to find more changes of this kind in the future. The manufacturing industries are not real growth situations. In fact, if anyone has ideas for new industries, let me know. I may be able to pass it on. Our objective was to change the list every 6 months, but due to demands on programmers time (Y2K, etc.) this has not been accomplished. The last real change (other than additions of stocks to existing groups) was last March. IBD intends to publish the list every 6 months, however, whether there have been changes or not. WON + Co. will changer when necessary, or when the new groups are ready. tiger49er ---End of forwarded mail from "George W. Gregory" - ------------------------------------------------------------------------------- From: "bamend" Subject: [CANSLIM] [Canslim] YHOO Date: 16 Jan 1999 07:53:44 -0500 What's going on with this stock? - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] [Canslim] YHOO Date: 16 Jan 1999 13:26:57 -0800 At 07:53 AM 1/16/99 -0500, you wrote: >What's going on with this stock? > Even though I don't "dabble" in the 'nets too often except for AOL and recently SDTI (I love this little guy!) my mom does and I am helping her to prepare for the inevitable correction of the ridiculous high-flyers, which seems to be under way. (BTW she had an IRR of 87% for 1998 and I only half-jokingly suggested she open up www.fishertrader.com and charge for her picks ;) Looking at the charts of her 'net stocks, YHOO, AMZN, EBAY, CMGI, there's a fairly consistent base of support for these puppies that formed between Dec 5 and Dec 19. The charts are remarkably similar for this period, although the day each one "took off" varies. These bases form strong support (IMHO) and depending on when you pulled the trigger, you could be in at the "right" time to preserve profits or the wrong time. For YHOO I'd put the support at 180-190. If it trades down through this base I'd say it was in trouble. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] BBOX Date: 16 Jan 1999 17:17:11 -0500 I thought something else was odd concerning the BBOX question. It is not in the IBD Computer Networks group. It may be in Market Guides or Telescans, but it is in IBD's "Retail-Mail Order Direct" group. Still a strong group, #6. My two cents after having purchased a sizeable amount of computer, networking hardware during the past 3 years sez that BBOX is a very expensive reseller of networking/computer hardware. I get their catalogs every month and have yet to order a single item from them. Comparitively speaking they are very pricey in hardware costs. They have some specialty devices like digital/analog encoders/decoders and hardware protocol converters you don't see from the more popular outlets but it is hard to imagine there is sufficient energy in those specialty applications to warrant optimism in increased sales. Could be wrong, often am, plan accordingly. Regards, Frank Wolynski At 11:06 AM 1/15/99 -0800, you wrote: > >I saw a cup and handle, but thought that the handle failed on 1/12/99. > Anywhay the way I interpret 3,7,10 MAverages (still learning); 3 >crossed the 7 giving a first level buy that day and it has gone down >every day since. It has closed in the lower third of its range 3 days >in a row which is below its 20 day MA. I wouldn't buy right now. > >TM >> >> Hello All, >> Is BBOX on anyone's breakout watch list?? The chart looks great to >me, >> although the cup is a little deep (50%), eps and rs in the upper >80's. >> Group strength (computer networks) in the upper 90's. Earnings met >> estimates. >> Any comments?? Mark >> - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] [Canslim] YHOO Date: 16 Jan 1999 17:55:49 -0500 While I think it's unlikely, it's possible that some investors at the institutional level are starting to worry about a stock with a market cap even now of over $30 billion that did less than $200 million in revenue in the past 12 months. Even assuming a continuation of growth at the same rate (which is certainly possible, given its history and market positioning), it is still unlikely to break one billion in sales in 1999, and a mkt cap ratio of 30 is extremely high. I suspect as YHOO and some of the other net stocks grow and prosper, more traditional valuation models will be applied. And most will fail those models, partially because those models are not suitable for measuring the true value to the investor's expectations for growth. As long as they had no earnings, and relatively low sales figures, most ignored models. But as they gain respectability and acceptance into such arenas as the S&P500 index, models will likely be applied more often. I think it may still be too early for this to be much of a problem for YHOO, more likely the recent slide is nothing more than some wise profit taking for the short term. I doubt the run is completely over, but profits at this point should still be protected and charts studied. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- What's going on with this stock? - - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Today's Digest (Jan 16) Date: 16 Jan 1999 16:59:55 -0800 WON does have the 197 industry groups funneling down to 92 sector groups and in turn funneling down to 11 sectors. However, the sector groups and the sectors themselves are only used by WON+Co., not Dailygraphs or IBD. They are used in institutional services. Secondly, when I left WON (Dec. 7th), our database consisted of over 11,000 stocks. The Industry Group Guide from last year doesn't contain many of the stocks that were issued last year, and we had been running at a rate of 500/700 new issues a year. A few of the 10,000 are BB stocks, which don't really count at all. Many more (and this list keeps growing very rapidly) are ADR's and ADS's. Common stocks that we would be interested in total almost 10,000. tiger49er - ------------------------------------------------------------------------------- From: Eatstock@aol.com Subject: Re: [CANSLIM] New Era of Trading Date: 16 Jan 1999 20:42:04 EST Charlie made a mention about new chart formations now that there is the new breed of traders (myself) which use the internet. This is something that I have been thinking about too, and has lead me to one support as to why the float is less immportant as in the past The one stock that sticks in my head is Amazon, and we all ask ourselves, why is it so high. Well, think about how many people use it, and figure that many of them say, 'This is a company I would like to own'. So lets say the market gets a million shareholders which own between 25-1000 shares. That is a lot of shares just sitting around. Now, a lot of people call this their golden egg. THE BIG ONE. They dont have their life savings in it, but they have a small stake, but dont mind loosing it for the upside potential. I believe this drives the supply and demand curve of the market and just lets the stock stagnate or increase in value. I really think it will take something catastropic to get the sucker to fall. People are using the market to get rich quick and only have small positions which they can recoupe if they loose it all. As for new chart patterns...cant really venture onto that one - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] More on BBOX Date: 16 Jan 1999 17:47:56 -0800 (PST) BBOX starred in ValueLines Expanded Edition as expected to outperform; Valueline has them under Telecom Equip. BBOX featured in Monday's IBD. 7th in MailOrder by EPS and RS. Mail order group. It closed at its high yesterday. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Dean Edwards" Subject: [CANSLIM] Sector Analysis Date: 17 Jan 1999 15:50:32 +1300 Here is a useful site: It can show you in a glance, what sector is leading the market. http://www.wallstreetalert.com/sector.cgi Each stock in an industry index is drawn from the S&P 500, and here are the 24 industry sectors: 1. Aerospace & Defense 2. Automotive 3. Banks 4. Chemicals 5. Conglomerates 6. Consumer Products 7. Containers & Packaging 8. Discount & Fashion Retailing 9. Electrical & Electronics 10. Food 11. Fuel 12. Health Care 13. Housing & Real Estate 14. Leisure time Industries 15. Manufacturing 16. Metals & Mining 17. Nonbank Financial 18. Office Equipment & Computers 19. Paper & Forest Products 20. Publishing & Broadcasting 21. Service industries 22. Telecommunications 23. Transportation 24. Utilities - ------------------------------------------------------------------------------- From: "Dean Edwards" Subject: [CANSLIM] M Date: 17 Jan 1999 17:39:02 +1300 I thought you might be interested in reading this article. This is an outsider's perspective on the US economy. This is a repected global investment manager from NZ. He believes the US economy is now overheating. * the star is my comments. Restraint bet Policy for Now - By Frank Pearson When Alan Greenspan, quelled financial panic last year by lowering short term interest rates, he merely bought some time for the underlying concer= ns to be addressed. This was highlighted by the past week=92s South American upset. Despite re-electing a reformist president and obtaining IMF support, Braz= il=92 s inability to pass tough budgetary legislation has essentially wasted th= e past 6 months respite. Similarly, neither Russia nor more importanly Japa= n, have picked up their act. At the same time, US consumers have started counting their chickens by spending up some of their sharemarket gains, the US savings rate going negative for the first time since the late 1920s. Speculative excess is evidenced by Internet mania. The =93tech heavy=94 N= ASDAQ composite index has used the months since October=92s interest rate cuts = to rise a 1,000 points (1400-2400). Last year, according to Goldman Sachs, t= he average internet Internet stock climbed 225%. New issue Internet stock gained an average of 38% on their first day of trading. According to the Wall Street Journal, America Online=92s capitalisation reprsents a histor= ic PE of 418. Were earnings to grow at 50% pa compounded over the next 5 yea= rs, the stock would still then be on a PE of 55. Auction house eBay with a recent market value of US$11 billion had third quarter revenue (not profits!) of only US12.9 million. Going public at US= $18 in September, by year end the stock traded at more than $240 and less tha= n a year after joining the company CEO Margaret Whitman=92s own holdings were worth $US500 million. Economic policy errors agravated the 1930s setback. Relief at the compete= nce of Greenspan and Chinese economic czar Zhu Rongji was manifest during the recent market recovery. However, the longer investors are made to wait fo= r positive reinforcement from inevitably politically tough fiscal/trade/regulatory decisions around the world, the weaker becomes th= e soothing balme of lower interest rates. *(This has not worked in Japan, I think interest rates for the bank of Ja= pan are/were at .5 percent, to try and simulate the economy) The months subsequent to the three interest rate cuts have not been encouraging. Too little too late has been the story from Brazil, Russia a= nd Japan, while too much too quickly has characterised US securities markets. Prudent investing now must assume the American equity market is an accide= nt waiting to happen. Japan is unlikely to pick up any time soon and China i= s far from sound shape. *(It has evident now, that the official Chinese statistics may not be totally accurate. Official have been cooking the books to paint a brighte= r outlook) It is time for restaint for percentages in equities especially US, and fo= r comtemplating defensive attractions. - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Today's Digest (Jan 16) Date: 17 Jan 1999 02:08:21 -0500 Holy Rotational Sector theory Batman, 92 Sectors? I can't even begin to imagine. Needless to say, most on this listserv would acknowledge there are a few of us that would short Amazon for a peak at those tables! I could envision having 11 sectors, although having only been exposed to the S&P & the DJ Sectors, my vision is limited. Now...., how does one become an institution? :-) Thanks for clarifying, it certainly seemed an unthinkable hole existed in WON's approach, but in a simple 2 paragraph email, you have restored my faith and uncovered the gauntlet I must now transverse. Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ At 16:59 1/16/99 -0800, you wrote: > WON does have the 197 industry groups funneling down to 92 sector groups >and in turn funneling down to 11 sectors. However, the sector groups and the >sectors themselves are only used by WON+Co., not Dailygraphs or IBD. They >are used in institutional services. > Secondly, when I left WON (Dec. 7th), our database consisted of over >11,000 stocks. The Industry Group Guide from last year doesn't contain many >of the stocks that were issued last year, and we had been running at a rate >of 500/700 new issues a year. A few of the 10,000 are BB stocks, which don't >really count at all. Many more (and this list keeps growing very rapidly) >are ADR's and ADS's. Common stocks that we would be interested in total >almost 10,000. > >tiger49er > >- > > - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] More on BBOX Date: 17 Jan 1999 02:11:44 -0500 The group chart looks exceptional also. My personal experience and earlier email should be viewed with skepticism, even by myself. (The toughest task of the two.) Frank Wolynski Often wrong, plan accordingly. At 17:47 1/16/99 -0800, you wrote: > >BBOX starred in ValueLines Expanded Edition as expected to outperform; > Valueline has them under Telecom Equip. > >BBOX featured in Monday's IBD. 7th in MailOrder by EPS and RS. Mail >order group. > >It closed at its high yesterday. > >TM - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] M Date: 17 Jan 1999 07:52:16 -0500 Hi Dean, Interestingly, the author of this article fails to note that fully two thirds of the US GDP comes from domestic spending, which continues unabated, possibly aided in part by market profits, but certainly supported to date by strong employment. Abby Cohen was on CNN a few days ago, and pointed out that exports account for only 14% of GDP. Obviously, exports to LATAM comprise a smaller percentage, and to Brazil it's only something like 1.4%. Thus a slowdown in Brazil, even a total stoppage, of our exports only has a minor hiccup in the GDP picture. Likewise, if Brazil takes down the entire region and moves all the LATAM countries (except possibly Mexico) into recession, the damage to the GDP is still only slight even if exports went to zero, which is highly unlikely. Certainly the volatility and extreme valuations placed on net stocks in the past year are a little scary to anyone trying to value them by any rational valuation models. On the other hand, they have generated enormous wealth for many, and haven't really crushed that many (so far). I suspect one of the reasons for their huge success is the high percentage of the US population involved with the internet in one way or the other (at work, at home, or both). Even the children are exposed to it at school, and can come home and tell their non-net literate parents all about the experience. Thus most everyone is exposed to a still emerging technology and retailing medium. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I thought you might be interested in reading this article. This is an outsider's perspective on the US economy. This is a repected global investment manager from NZ. He believes the US economy is now overheating. * the star is my comments. Restraint bet Policy for Now - By Frank Pearson When Alan Greenspan, quelled financial panic last year by lowering short term interest rates, he merely bought some time for the underlying concerns to be addressed. This was highlighted by the past week=92s South American upset. Despite re-electing a reformist president and obtaining IMF support, Brazil=92 s inability to pass tough budgetary legislation has essentially wasted the past 6 months respite. Similarly, neither Russia nor more importanly Japan, have picked up their act. At the same time, US consumers have started counting their chickens by spending up some of their sharemarket gains, the US savings rate going negative for the first time since the late 1920s. Speculative excess is evidenced by Internet mania. The =93tech heavy=94 NASDAQ composite index has used the months since October=92s interest rate cuts to rise a 1,000 points (1400-2400). Last year, according to Goldman Sachs, the average internet Internet stock climbed 225%. New issue Internet stock gained an average of 38% on their first day of trading. According to the Wall Street Journal, America Online=92s capitalisation reprsents a historic PE of 418. Were earnings to grow at 50% pa compounded over the next 5 years, the stock would still then be on a PE of 55. Auction house eBay with a recent market value of US$11 billion had third quarter revenue (not profits!) of only US12.9 million. Going public at US$18 in September, by year end the stock traded at more than $240 and less than a year after joining the company CEO Margaret Whitman=92s own holdings were worth $US500 million. Economic policy errors agravated the 1930s setback. Relief at the competence of Greenspan and Chinese economic czar Zhu Rongji was manifest during the recent market recovery. However, the longer investors are made to wait for positive reinforcement from inevitably politically tough fiscal/trade/regulatory decisions around the world, the weaker becomes the soothing balme of lower interest rates. *(This has not worked in Japan, I think interest rates for the bank of Japan are/were at .5 percent, to try and simulate the economy) The months subsequent to the three interest rate cuts have not been encouraging. Too little too late has been the story from Brazil, Russia and Japan, while too much too quickly has characterised US securities markets. Prudent investing now must assume the American equity market is an accident waiting to happen. Japan is unlikely to pick up any time soon and China is far from sound shape. *(It has evident now, that the official Chinese statistics may not be totally accurate. Official have been cooking the books to paint a brighter outlook) It is time for restaint for percentages in equities especially US, and for comtemplating defensive attractions. - - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Shock and Dismay Date: 17 Jan 1999 10:35:17 -0500 Today I found out why it is important to keep accurate records as you go. I started on 98 tax. If a good capital loss is good news then the news was great. OK, I got hammered on a few before CANSLIM, most notably FLC, PAP, BOST and IASCA. FLC I bought 3 times I averaged down (easy folks, this was actually recommend to me by my broker). I did not know about sectors and that they could go out of favor. That one was the worst. PAP, sounded good then there was a revolution in Indonesia-end of my foreign sector career. Next was BOST, I just knew it was coming back and it was cheep. Chapter 11 or whatever they call it. Of course IASCA my little antenna company that was going to revolutionize the communications world. Then came the CANSLIM era, actually the last few months. I had two winners and 7 losers, they about offset. Hammering home the "get in at the right place or you will be stopped out instantly" scenario. I was thinking I was only loosing a little, which is essentially true, but a lot of littles equals a lot in the end. I am not upset or dissuaded. The good thing about recognizing that you act like a dumb ass is that you get to learn from mistakes and grow. No guts no glory. A hard lesson still. Charlie in Port Orange Florida, looser capital of the world. - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Shock and Dismay Date: 17 Jan 1999 11:28:18 -0500 At 10:35 1/17/99 -0500, you wrote: > . I did not know about sectors and >that they could go out of favor. That one was the worst. > I am not upset or dissuaded. The good thing about recognizing that you act >like a dumb ass is that you get to learn from mistakes and grow. No guts no >glory. A hard lesson still. > >Charlie in Port Orange Florida, looser capital of the world. > > In late 1990, I bought a Texas S&L. The group had been hammered, from a group index value of $2500 to approx $500. Sure thing, couldn't go lower. They stopped the trading on the issue while the company announced bankruptcy. I only had 200 shares, and got them at a steal! Or was it the S&L that did the stealing? I had a great tax year in 1990. Expensive tuition! I couldn't believe it when I read WON was buying new highs. Every broker I had ever run into was pushing value investing and bottom fishing. They pined that with the market being "over-valued" it was a more prudent approach! After reading HTMMIS and the IBD, I stumbled upon Cisco Systems. I asked one broker about it. He said, "Who"? I asked another and he said it was "rediculously over extended, couldn't possibly keep up the growth!" I told him it was going up 3000% in the next 9 years and also the Dow would tag on a 1000 points a year for the next 9 years! He blew coffee out his nostrils and kicked me out! (I may be remembering this part a little differently than it really happened!) :-) Where is Port Orange? What's it near? I'm in Brandon, outside Tampa. Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Shock and Dismay Date: 17 Jan 1999 11:37:15 -0500 Frank, I dont think I am quite up to picking the next CSCO but maybe someday. Port Orange is outside of Daytona Beach. I have been to Brandon many times. My other hobby is long distance running. When they were having the Brandon marathon I used to go there. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Frank V. Wolynski > Sent: Sunday, January 17, 1999 11:28 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Shock and Dismay > > > At 10:35 1/17/99 -0500, you wrote: > > > . I did not know about sectors and > >that they could go out of favor. That one was the worst. > > I am not upset or dissuaded. The good thing about > recognizing that you act > >like a dumb ass is that you get to learn from mistakes and grow. > No guts no > >glory. A hard lesson still. > > > >Charlie in Port Orange Florida, looser capital of the world. > > > > > > In late 1990, I bought a Texas S&L. The group had been hammered, from a > group index value of $2500 to approx $500. > Sure thing, couldn't go lower. > They stopped the trading on the issue while the company announced > bankruptcy. I only had 200 shares, and got them at a steal! Or was it the > S&L that did the stealing? > I had a great tax year in 1990. Expensive tuition! > > I couldn't believe it when I read WON was buying new highs. Every broker I > had ever run into was pushing value investing and bottom fishing. They > pined that with the market being "over-valued" it was a more prudent > approach! > > After reading HTMMIS and the IBD, I stumbled upon Cisco Systems. I asked > one broker about it. He said, "Who"? I asked another and he said it was > "rediculously over extended, couldn't possibly keep up the growth!" > > I told him it was going up 3000% in the next 9 years and also the > Dow would > tag on a 1000 points a year for the next 9 years! He blew coffee out his > nostrils and kicked me out! > (I may be remembering this part a little differently than it really > happened!) :-) > > Where is Port Orange? What's it near? > I'm in Brandon, outside Tampa. > > Regards, > Frank Wolynski > wolynski@mindspring.com > http://wolynski.home.mindspring.com/ > > > > - > > - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Trading and Canslim [Connie Mack] Date: 17 Jan 1999 12:22:49 -0500 From some of the anecdotal comments of several members, it seems that too many are trading and investing without having had enough experience. Charlie was the last to calculate the beauty of tax losses. Not an infallible axiom, but nevertheless of considerable truth, is this one: If you can't make money in an up market, you'll not make money in a down market. There are several underlying reasons for the axiom. First, one can make mistakes in an up-trending market and be saved by the trend; the obverse corollary is also axiomatic, minus the resurrection. Second, no more than 5-10 percent of those in the market short the market. And of those, even fewer use shorts as a consistent and uniform trading or investing practice. These latter shorters are a different animal. And none of these animals started trading and investing until they had paid their dues with an understanding of the technical side. For those of us who are not members of the shorters (and I include myself, for I have never thought that I was capable of shorting over a long period), they, too, learned the technical side before moving to other market strategies. One can look at technical indicators through a metaphor of speech. Technically, there are no organs of speech. There are only organs that are incidentally useful for producing speech sounds. The lungs, the larynx, the palate, the nose, the tongue, the teeth, and the lips are so utilized, but they are no more to be thought of as organs of speech than are the fingers to be considered as essentially organs of piano playing or the knees as organs of prayer. The random walk theory is a market specie of the metaphor. Every trader wishes that his intention and achievement were counterparts as alike as the seal and its impression, or, said another way, that his intention and his indicators were so connected that every position produced a profit. The criteria of CANSLIM are predisposed such that any technical indicators [primarily their volatility] of the trader are suppressed or filtered. Otherwise, would "M" or breakouts hold such a sacred place. All market strategies carry a bit of preposterous enthusiasm for preciseness. For me to think that my technical indicators [or my reading of them] carries more than above average preciseness would be as silly as my congratulating my alarm clock for going off as prescribed. And so for CANSLIM. Learn the technical side of the market before you undertake any other. No barber shaves so close nor any investor invest so wisely but that another finds work. Connie Mack - ------------------------------------------------------------------------------- From: Ssingh@aol.com Subject: [CANSLIM] test Date: 18 Jan 1999 22:24:26 EST - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: [CANSLIM] Institutional Inquiries Date: 19 Jan 1999 00:25:42 -0500 I seem to have lost some links and wonder if somebody either has links for institutional % held or the numbers for LVCI, NTAP and OVRL. Thanks, Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] Interesting statistics re: large/small caps Date: 18 Jan 1999 14:06:48 +0100 Quote from http://www.bull-market.com/bmr-archives.htm. Copyright 1999, The Bull Market Report It was a great year by any standard, but if you weren=92t in the market leaders you had a tough time. Salomon Smith Barney did some research and found that stocks with market caps of $20 billion+ were up 26% while the mid-caps, with market caps of $2-5 billion were down 6%. The smallest stocks, the micro-caps (less than $250 million) fell 24%. Another stat they uncovered was that 72% of all stocks were trailing the S&P 500 by more than 15%. Furthermore, two thirds of all US stocks fell last year. This is brutal news. The reason is that the S&P 500 is capitalization weighted, so that the big boys have the most weight. Microsoft, for example, accounted for 8% of the 27% increase in the S&P. The other statistic we find so hard to fathom is that 95% of ALL mutual funds couldn=92t beat the S&P 500.=20 -- Johan Van Houtven - ------------------------------------------------------------------------------- From: TM Subject: [CANSLIM] Re: [NonCANSLIM] : IBD 1/19/99 Date: 19 Jan 1999 04:53:12 -0800 (PST) Today's IBD has a comprehensive report/interpretation of "Nirvana the 90's". Year by year, month by month. Very detailed and comprehensive lots of graphs - technology, bonds, interest, stocks, commodities etc. Looks like a keeper. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Russell, Ron" Subject: RE: [CANSLIM] Institutional Inquiries Date: 19 Jan 1999 08:04:22 -0500 Frank, According to DGO: LVCI - Funds = 9%, Banks = 2%, Management = 27% NTAP - Funds = 27%, Banks = 4%, Management = 10% OVRL - Funds = 3%, Banks = 1%, Management = 30% Ron -----Original Message----- From: Frank V. Wolynski [mailto:Wolynski@MindSpring.Com] Sent: Tuesday, January 19, 1999 12:26 AM To: canslim@mail.xmission.com Subject: [CANSLIM] Institutional Inquiries I seem to have lost some links and wonder if somebody either has links for institutional % held or the numbers for LVCI, NTAP and OVRL. Thanks, Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - January 15, 1999 - Condensed Version Date: 18 Jan 1999 20:49:20 -0500 All, We dropped twenty this past week to end up at an even 180. No real surprise there I guess. Trade well, Ron Symbol EPS RS GRS ERG A/D Close 30 ADV AAS 91 86 81 258 B $ 79.500 85,613 ACS 93 85 91 269 B $ 41.500 150,347 ADCT 94 91 89 274 A $ 39.440 1,674,407 AEOS 76 96 85 257 A $ 62.810 329,760 AGN 86 89 90 265 B $ 67.940 268,723 AGPH 76 94 94 264 A $ 58.000 615,130 AHAA 71 97 98 266 A $ 37.000 288,063 AIT 77 87 63 227 A $ 64.250 1,419,580 ALTR 82 94 98 274 A $ 64.440 2,117,380 AMGN 88 94 94 276 A $ 108.880 3,000,190 ANF 99 93 85 277 A $ 66.810 482,960 AOL 76 99 99 274 A $ 146.500 16,028,529 APCC 90 92 88 270 A $ 50.880 692,373 APCO 96 90 91 277 A $ 11.690 92,940 ARX 84 93 74 251 B $ 16.880 117,247 ASMLF 76 93 98 267 A $ 43.250 1,486,947 ASND 91 96 97 284 A $ 86.190 6,962,967 AT 78 89 63 230 A $ 62.560 641,717 ATI 95 93 80 268 B $ 83.380 3,212,900 AVEI 99 93 78 270 A $ 53.250 1,263,490 AXNT 72 95 92 259 A $ 38.000 419,987 BBBY 96 86 76 258 A $ 32.560 1,065,727 BBY 75 97 92 264 B $ 78.000 1,403,837 CBSI 97 86 91 274 A $ 32.500 256,373 CBXC 97 96 88 281 A $ 31.130 122,840 CCL 91 89 65 245 A $ 45.060 2,832,297 CCU 73 85 74 232 B $ 60.440 1,381,387 CD 90 87 97 274 A $ 20.750 6,307,166 CDWC 97 97 96 290 A $ 116.130 152,857 CEFT 98 95 75 268 A $ 38.940 894,860 CHCS 79 98 85 262 A $ 27.500 104,720 CHKPF 99 96 92 287 A $ 51.250 1,002,997 CLFY 87 96 93 276 B $ 22.630 289,480 CMED 97 93 78 268 A $ 11.880 239,630 CMGI 76 99 91 266 A $ 96.380 4,012,024 CMVT 97 94 89 280 A $ 75.940 688,083 CNMD 93 85 69 247 A $ 31.910 117,460 COF 91 90 75 256 A $ 130.440 462,580 COGIF 98 95 93 286 A $ 24.250 79,630 CPWR 98 91 93 282 A $ 73.560 3,490,450 CREE 99 97 98 294 A $ 42.500 297,343 CSCO 97 96 97 290 A $ 101.690 15,972,796 CTAS 90 89 84 263 A $ 70.690 332,693 CTL 87 89 85 261 A $ 64.250 261,217 CTS 93 89 96 278 A $ 43.380 111,153 CTXS 98 92 93 283 A $ 95.310 760,853 CUBE 89 92 99 280 B $ 28.500 768,987 DDDDF 99 96 93 288 A $ 46.000 121,047 DELL 99 96 89 284 A $ 79.000 14,733,538 DH 78 85 68 231 B $ 56.940 2,101,247 DRTE 76 89 87 252 B $ 26.380 403,217 DSP 96 89 98 283 A $ 16.130 337,170 DTPI 80 86 91 257 A $ 24.500 118,820 DV 87 88 63 238 A $ 27.000 133,463 DY 97 93 66 256 A $ 34.380 243,127 EAII 99 86 93 278 A $ 60.380 225,333 EAT 74 88 70 232 B $ 27.060 340,857 ECILF 94 87 89 270 A $ 38.630 616,683 EDMC 99 89 63 251 A $ 24.130 137,717 EL 88 85 62 235 B $ 80.630 181,950 EMC 96 97 99 292 A $ 100.060 3,639,887 ESRX 95 95 81 271 A $ 72.000 126,093 ETEC 91 89 98 278 A $ 50.880 417,363 FDC 71 85 75 231 B $ 35.000 1,889,403 FLEX 98 97 98 293 A $ 44.630 939,323 FM 96 91 70 257 A $ 23.060 157,717 FMY 90 86 72 248 A $ 57.690 821,017 GDT 98 92 90 280 A $ 109.500 737,607 GENZ 90 94 94 278 B $ 53.500 1,309,163 GEOC 72 97 93 262 A $ 34.940 253,053 GILTF 96 94 89 279 A $ 58.500 121,900 GML 74 90 97 261 A $ 20.190 107,477 GPS 97 93 85 275 A $ 57.500 1,887,460 GUC 80 95 85 260 A $ 72.630 834,303 HLYW 83 98 76 257 B $ 34.500 535,740 IBM 85 91 94 270 B $ 184.940 3,556,596 INSS 99 97 91 287 A $ 69.130 233,727 INTC 84 94 98 276 A $ 135.380 15,659,714 INTL 95 90 89 274 B $ 25.250 166,667 IPG 89 87 77 253 A $ 75.000 368,707 JVLN 76 93 86 255 B $ 15.000 121,943 KROG 80 95 73 248 A $ 37.190 142,253 LEVL 98 90 98 286 A $ 38.630 822,683 LGTO 99 94 93 286 A $ 63.130 678,217 LLTC 82 92 98 272 A $ 98.130 1,102,240 LSON 93 85 91 269 A $ 55.380 191,837 LU 97 93 89 279 A $ 110.250 7,046,370 LXK 98 94 88 280 A $ 98.060 479,487 MARG 96 99 91 286 A $ 15.880 235,593 MCHP 79 85 99 263 B $ 35.130 842,147 MCRL 98 93 98 289 A $ 54.250 236,583 MCSC 98 94 70 262 B $ 27.690 87,373 MEDQ 95 88 91 274 B $ 34.630 264,693 MELI 94 95 89 278 A $ 20.880 87,067 MERQ 72 95 93 260 A $ 58.250 233,907 METZ 99 89 91 279 A $ 47.000 326,537 MHP 83 86 87 256 B $ 108.000 306,673 MMCN 76 93 98 267 B $ 21.060 408,473 MMS 87 85 91 263 A $ 37.500 174,680 MNMD 98 95 90 283 B $ 96.810 132,080 MRX 94 90 83 267 A $ 65.130 125,387 MSFT 97 92 95 284 A $ 149.750 12,933,589 MTP 82 87 67 236 B $ 50.630 164,943 MTZ 83 88 66 237 A $ 30.060 95,080 MXIM 95 92 98 285 A $ 51.940 1,447,750 MXWL 70 90 68 228 B $ 37.940 113,287 MYG 95 89 81 265 A $ 64.250 489,523 NCOG 98 91 91 280 A $ 39.280 138,860 NETA 99 89 92 280 A $ 55.250 2,960,734 NLCS 88 88 93 269 B $ 33.880 165,157 NSIT 98 96 96 290 B $ 54.500 247,223 NSOL 84 99 91 274 A $ 190.000 990,680 NTAP 99 98 99 296 A $ 52.750 914,930 ORBKF 90 91 98 279 A $ 43.750 132,743 ORCL 97 95 93 285 A $ 47.130 8,839,038 OSI 72 86 77 235 B $ 28.500 422,720 OSTE 70 96 90 256 A $ 44.750 136,380 PDX 96 89 60 245 A $ 60.000 86,157 PE 78 87 67 232 B $ 38.560 712,217 PHCC 95 92 81 268 B $ 32.500 119,867 PLCE 95 99 85 279 A $ 26.250 198,337 PMS 90 88 86 264 B $ 53.380 167,390 POWI 72 97 74 243 B $ 28.000 250,663 PPDI 87 88 71 246 B $ 30.130 301,337 PRGS 78 93 93 264 B $ 34.250 157,520 PRGX 90 86 91 267 A $ 32.880 196,757 PSDI 96 97 93 286 A $ 39.500 79,357 PSEM 82 96 98 276 A $ 12.130 177,483 PVN 96 94 75 265 A $ 78.130 849,043 PVSW 76 98 93 267 B $ 21.000 83,707 RESM 97 97 90 284 A $ 44.750 231,007 RGIS 86 86 76 248 B $ 38.500 95,097 SALT 99 97 81 277 A $ 23.500 98,257 SANM 97 97 98 292 A $ 75.560 998,653 SAPE 99 94 93 286 A $ 77.250 366,090 SBC 82 88 63 233 A $ 55.940 2,573,484 SCH 91 97 90 278 A $ 59.750 2,139,318 SDG 86 90 78 254 A $ 117.000 198,247 SDTI 71 93 88 252 B $ 27.500 1,798,040 SEBL 99 91 93 283 A $ 38.310 1,207,720 SLR 94 95 96 285 A $ 87.500 1,360,927 SNPS 93 92 93 278 A $ 59.000 574,323 SORC 75 96 91 262 A $ 12.190 127,140 SPLS 98 93 70 261 B $ 41.560 2,965,257 SPNSF 76 93 93 262 A $ 10.130 267,390 SUNW 94 97 89 280 A $ 100.440 6,927,414 SWY 95 88 72 255 A $ 55.750 1,502,167 SYKE 99 89 91 279 A $ 28.130 376,500 T 85 87 85 257 B $ 84.250 7,300,870 TAGS 97 98 79 274 A $ 39.130 91,080 TCAT 80 91 93 264 A $ 38.500 261,487 TECH 87 87 94 268 A $ 21.630 132,017 TGO 90 93 85 268 B $ 35.940 338,000 THQI 99 94 84 277 A $ 28.940 214,750 TIER 98 89 91 278 A $ 19.130 96,720 TIF 87 91 61 239 A $ 57.750 298,660 TJX 92 85 85 262 A $ 28.750 969,363 TLAB 98 91 89 278 A $ 85.940 3,400,086 TMBS 98 85 82 265 A $ 16.750 89,303 TMPW 84 92 77 253 B $ 42.380 430,183 TOM 99 86 79 264 A $ 62.880 397,437 TSAI 97 88 82 267 A $ 49.380 156,470 TSG 70 86 65 221 A $ 46.250 108,603 UVSGA 93 97 74 264 A $ 30.500 165,897 VISX 77 98 95 270 A $ 58.500 690,280 VOD 96 93 80 269 A $ 176.000 318,743 VRTS 99 95 93 287 A $ 73.000 659,040 VSIO 98 88 93 279 A $ 40.880 344,180 VTSS 97 94 98 289 A $ 47.310 1,453,520 WAG 84 88 73 245 B $ 57.000 1,161,227 WCOM 81 94 85 260 B $ 75.060 12,670,775 WHIT 99 90 91 280 A $ 29.410 352,453 WMT 87 88 68 243 B $ 80.130 3,081,544 WPI 93 85 78 256 A $ 56.500 345,677 WTSLA 89 91 85 265 A $ 36.000 159,410 XIRC 76 98 97 271 A $ 39.880 322,820 XLSW 98 94 89 281 A $ 35.250 138,933 XOMD 99 91 78 268 B $ 31.130 118,337 YHOO 84 99 99 282 B $ 317.000 7,005,471 ZQK 95 93 79 267 B $ 29.380 139,313 - ------------------------------------------------------------------------------- From: Chris Thornlow Subject: RE: [CANSLIM] Institutional Inquiries Date: 19 Jan 1999 09:57:31 -0800 (PST) Is there a site on the net that will give average investors (read "non-institutional" investors) numbers for institutional ownership as well as mgmt ownership? I really on the numbers provided in IBD but only when the stock appears in the minigraphs section . thanx in advance (new to the board/mail list) CT _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Chris Thornlow Subject: Re: [CANSLIM] Weekly Stock List - January 15, 1999 - Condensed Version Date: 19 Jan 1999 10:00:42 -0800 (PST) I am new to the mail list. What is this Weekly Stock List? thanx in advance ct _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "James H. Coburn" Subject: [CANSLIM] Quotes Plus 2 telephone numbers Date: 19 Jan 1999 12:25:29 -0700 Hi, Are there any QP2 (QPII?) users out there that could pass on their main telephone number? I didn't see ads in the IBDs that I went through recently. Thanks. James Coburn PS If you are a user, do you like it, it is so-so, or does it have "fatal" flaws? - ------------------------------------------------------------------------------- From: "Jose O. Perez" Subject: [CANSLIM] www.TradeHard.com Date: 19 Jan 1999 12:47:50 -0700 This site just came on line. They seem to have a few good things for CANSLIM'ers. Like Cup&Handle searches, RS,New Highs, momentum stocks and some good trading training. http://www.tradehard.com Enjoy, Jose' - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Quotes Plus 2 telephone numbers Date: 19 Jan 1999 15:05:28 -0500 http://qp2.com/ Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of James H. Coburn > Sent: Tuesday, January 19, 1999 2:25 PM > To: CAN SLIM > Subject: [CANSLIM] Quotes Plus 2 telephone numbers > > > Hi, > > Are there any QP2 (QPII?) users out there that could pass on their main > telephone number? I didn't see ads in the IBDs that I went through > recently. > > Thanks. > > James Coburn > > PS If you are a user, do you like it, it is so-so, or does it > have "fatal" > flaws? > > > > - > > - ------------------------------------------------------------------------------- From: Quan Tran Subject: Re: [CANSLIM] Quotes Plus 2 telephone numbers Date: 19 Jan 1999 15:20:43 -0800 At 12:25 PM 1/19/99 -0700, you wrote: >Hi, > >Are there any QP2 (QPII?) users out there that could pass on their main >telephone number? I didn't see ads in the IBDs that I went through >recently. > >Thanks. > >James Coburn > >PS If you are a user, do you like it, it is so-so, or does it have "fatal" >flaws? > There website is at http://www.qp2.com I am a new user (only using it for about two weeks), so far so good. I called order on the phone, the two CDs (program and data) showed up at the door a few days later. There's no problem so far with the software running on Win98 or Win95. The user's manual is very thin, you'll find more info in their online help file. One of the component mentioned in the manual, the 'virtual setup', is not on the CD. I had to download it from their website. If you use MetaStock, which I do, the Virtual is very nice. So far, I like three features: (1) All updates, such as symbols change, splits, ... are automatic. (2) The virtual directory feature. (3) the database scaning. The only flaw I can think of is that the download data are incremental starting from the date they cut the data CD. And they only keep the incremental data for short period of time on the server. So you really have to backup your downloaded directory. Otherwise, it is difficult to restore/download historical data later down the road if you have a hard disk crash. The manual mentions that you can order new/more current data CD if you ever run into this mishap. I am a new and happy camper, however not in anyway affiliated with QP2. Hope this help. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Quotes Plus 2 telephone numbers Date: 19 Jan 1999 17:29:13 -0800 > PS If you are a user, do you like it, it is so-so, or does it have "fatal" > flaws? I've been using it for two months now, like it quite a bit. Has some good scanning capablities - you can pretty closely approximate a canslim scan by using an earnings growth function in lieu of the EPS rank, and QP has their own RS ranking. I think its a great deal. - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: RE: [CANSLIM] Institutional Inquiries Date: 19 Jan 1999 19:58:50 -0500 Welcome to the list CT, and I am not aware of any. I had some good links at one time, but recently lost them. I've never seen what you are asking for. Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ At 09:57 AM 1/19/99 -0800, you wrote: > >Is there a site on the net that will give average investors (read >"non-institutional" investors) numbers for institutional ownership as >well as mgmt ownership? I really on the numbers provided in IBD but >only when the stock appears in the minigraphs section . > >thanx in advance (new to the board/mail list) > >CT >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Quotes Plus 2 telephone numbers Date: 19 Jan 1999 19:55:25 -0500 I like qp2 also. I am waiting for the IRL package to arrive. It should be good for doing groups. If we are going to do top down. Doing groups is going to be one of the things I will want to do. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Quan Tran > Sent: Tuesday, January 19, 1999 6:21 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Quotes Plus 2 telephone numbers > > > At 12:25 PM 1/19/99 -0700, you wrote: > >Hi, > > > >Are there any QP2 (QPII?) users out there that could pass on their main > >telephone number? I didn't see ads in the IBDs that I went through > >recently. > > > >Thanks. > > > >James Coburn > > > >PS If you are a user, do you like it, it is so-so, or does it > have "fatal" > >flaws? > > > > There website is at http://www.qp2.com > > I am a new user (only using it for about two weeks), so far so > good. I called order on the phone, the two CDs (program and data) > showed up at the door a few days later. There's no problem so far > with the software running on Win98 or Win95. > > The user's manual is very thin, you'll find more info in their > online help file. One of the component mentioned in the manual, > the 'virtual setup', is not on the CD. I had to download it > from their website. If you use MetaStock, which I do, the Virtual > is very nice. > > So far, I like three features: (1) All updates, such as symbols > change, splits, ... are automatic. (2) The virtual directory > feature. (3) the database scaning. > > The only flaw I can think of is that the download data are > incremental starting from the date they cut the data CD. And they > only keep the incremental data for short period of time on the > server. So you really have to backup your downloaded directory. > Otherwise, it is difficult to restore/download historical data later > down the road if you have a hard disk crash. The manual mentions > that you can order new/more current data CD if you ever run into > this mishap. > > I am a new and happy camper, however not in anyway affiliated with > QP2. Hope this help. > > > - > > - ------------------------------------------------------------------------------- From: Eatstock@aol.com Subject: Re: [CANSLIM] Institutional Inquiries Date: 19 Jan 1999 21:16:53 EST www.stockselector.com I believe has some management and inst. holding percentages. I THINK - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Weekly Stock List - January 15, 1999 - Condensed Version Date: 19 Jan 1999 22:42:54 -0500 Chris, It is a list of stocks meeting the following criteria that I put together each week. EPS > 69 RS > 84 GRS > 59 A/D = "A" or "B" CLOSE > 10.00 30 Day ADV > 75,000 I posted a message on 1/9/1999 under the subject "RE: [CANSLIM] M - Charlie" that explains things a little more. You should be able to find it in the archives. Ron -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Chris Thornlow Sent: Tuesday, January 19, 1999 1:01 PM Version I am new to the mail list. What is this Weekly Stock List? thanx in advance ct _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Institutional Inquiries Date: 19 Jan 1999 23:35:24 -0500 It does offer the Institutional Holdings and Insiders percentages owned, but I don't think the data is very accurate. I only looked up one I was researching earlier and it listed both categories as N/A. Incorrect according to other sources. http://www.stockselector.com/fundamentals.asp?symbol=OVRL Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ At 21:16 1/19/99 EST, you wrote: >www.stockselector.com I believe has some management and inst. holding >percentages. > >I THINK > >- > > - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] wed. market Date: 19 Jan 1999 22:34:02 -0800 For what this is worth, after the market closed, MSFT reported earnings that really clobbered the estimates, 14 cents ahead of estimates. Kinda surprising that a company as widely followed as msft can beat the estimates by such a wide margin, shows you how much stock (no pun intended) you can put in those earnings estimates. Anyway, presumably as a consequence of that report, the nasdaq futures are up 31 points, S&P up 8+ at around 12:30 am eastern time. Also after the close, CPWR reported earnings that beat estimates by 3 cents, if anyone is watching that one, .48 actual vs. .45 forecast. - ------------------------------------------------------------------------------- From: "Joe J." Subject: [CANSLIM] Ron's weekly scan - scanned Date: 19 Jan 1999 23:47:47 -0700 I have posted before to this list on the Bill Williams' methods that I have been using. Tonight, I took Ron's weekly scan posted to this list and ran my own Williams' scan on those stocks. Two looked interesting - CMED and PRGS. I would wait for a trade above 35 (the fractal) for PRGS and above 12 5/8 for CMED (also the fractal). Both are in a "base" as defined by Williams' 3 moving averages coming together. The only negative I see from my standpoint is that they both have average trading volumes of around 150k per day which is a bit light for my taste. Nonetheless, I will trade them as the charts look very good on both. Good Trading, Joe J. - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] wed. market Date: 20 Jan 1999 04:28:22 -0500 I have been watching CPWR but have been gotten into it. Probably the best time recently (in retrospect) to enter would have been on the 15th, when it bounced off of 67 1/4. Someone once mentioned that they never buy stock within 2 weeks one way or the other of earnings announcement. I dont know if that is good advice or not. Certainly the earnings announcements impact the price. As a technical question. Would this be considered a flag formation? What may be a little disturbing is the volume. It seems to close down on a little higher volume, the only day lately it closed up was on a little less the recent average volume. So it looks like some distribution to me. So Pat, this is why I have not bought it. It is giving me conflicting signals. Probably be selling for 150 tomorrow. Does anyone know of any book that really goes into volume patterns. Something tells me that volume is a thing watching. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl > Sent: Wednesday, January 20, 1999 1:34 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] wed. market > > > For what this is worth, after the market closed, MSFT reported > earnings that really clobbered the estimates, 14 cents ahead of > estimates. Kinda surprising that a company as widely followed as > msft can beat the estimates by such a wide margin, shows you > how much stock (no pun intended) you can put in those earnings > estimates. Anyway, presumably as a consequence of that report, > the nasdaq futures are up 31 points, S&P up 8+ at around 12:30 > am eastern time. > > Also after the close, CPWR reported earnings that beat estimates > by 3 cents, if anyone is watching that one, .48 actual vs. .45 > forecast. > > > > - > > - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] IBD Ratios Date: 20 Jan 1999 05:59:26 -0800 (PST) I am looking at the IBD A/D Ratio on your site http://wolynski.home.mindspring.com/, roughly the accumulation is 0.6. In the IBD B- is shown. I'm trying to correlate letters and numbers. Is the yellow line approximately the C level of accumulation as defined by IBD? Thanks, TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: CHUCKCBM@aol.com Subject: Re: [CANSLIM] Hardware for QP2, etc. Date: 20 Jan 1999 10:20:10 EST I am a new list member beginning to learn the system. I now have a Power Mac. What are the specs for a PC needed to run the programs most people use? Thank you, Chuck Mercer - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] wed. market Date: 20 Jan 1999 09:39:55 -0700 > -----Original Message----- > From: Charles Cangialosi [SMTP:chcng@worldnet.att.net] > Sent: Wednesday, January 20, 1999 2:28 AM > > I have been watching CPWR but have been gotten into it. Probably > the best > time recently (in retrospect) to enter would have been on the 15th, > when it > bounced off of 67 1/4. > Someone once mentioned that they never buy stock within 2 weeks > one way or > the other of earnings announcement. I dont know if that is good advice > or > not. Certainly the earnings announcements impact the price. [Wahl, Patrick] That doesn't seem like a good idea - if you do that, there are 16 weeks a year where you are can't buy a stock. Maybe a few days ahead of earnings it is a good idea to avoid a stock - see CPWR, which beat estimates and is down quite a bit today. I think you are correct about CPWR and its volume patterns, and those patterns probably anticipated what is happening today. - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] Hardware for QP2, etc. Date: 20 Jan 1999 09:42:48 -0700 > -----Original Message----- > From: CHUCKCBM@aol.com [SMTP:CHUCKCBM@aol.com] > Sent: Wednesday, January 20, 1999 8:20 AM > > I am a new list member beginning to learn the system. I now have a > Power Mac. > What are the specs for a PC needed to run the programs most people > use? > Thank you, > [Wahl, Patrick] I think about any sub $1000 pc would probably handle QP2, I run it on a computer with about a half to a third of the processing power of the minimum computer you can buy today, and it works, although scans can take a while to run, as does the nightly update. > - - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] IBD Ratios Date: 20 Jan 1999 12:09:47 -0500 At 05:59 AM 1/20/99 -0800, you wrote: > >I am looking at the IBD A/D Ratio on your site >http://wolynski.home.mindspring.com/, roughly the accumulation is 0.6. > In the IBD B- is shown. I'm trying to correlate letters and numbers. > Is the yellow line approximately the C level of accumulation as >defined by IBD? > >Thanks, >TM > The yellow line is the 50% point. Any move above that means the balance of the scales just tipped towards accumulation in a majority of the stocks in the IBD 6000. Any dip beneath the line means the balance was just tipped with the majority now weighing in on the distribution side. Since IBD uses a rating system of ABCDE, I think it is probably reasonable to assume the C rating would mean 50%, or the yellow line. However, I do not know how the ratings at IBD are constructed. Just that your observation does seem to offer some correlation. Have you studied the RAW data chart much? Sometimes I stare at it and it is amazing how last spring the rising numbers of stocks in the D's group were foretelling of some peril ahead. Then the A's couldn't confirm the July high and the drain opened as the prices starting catching up with the underlying breadth. Amazing. Great breadth tool. Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: "Dave Wood" Subject: [CANSLIM] market leaders Date: 20 Jan 1999 12:23:33 -0500 Hi Everyone, I haven't posted any messages for a few weeks - sickness in the family. WON stresses ' knowing the leadership' of a bull rally. Today, I compiled a list of what I think are this market's leaders. I started by running a qp2 scan for stocks that were up in price more than 40% in the last 75 days ( this rally). It came up with 538 companies that had a price of at $15 to start with. Then, I simply looked at each chart to see if it was a leader or simply rebounding from a very oversold condition. I came up with the list below. I am curoius how this compares with other's 'leaders 'lists. Dave ABF ACS ADBE ADCT ADI ADSK AEG AEH AEOS AFL AFS AGPH AGRPA AKS ALK ALNT ALSI ALTR AMAT AMGN AMP AMSY AMZN ANF ANN ANSR AOL ARMHY ASMLF ASND ATHM ATI AXA AXNT AZO BBBY BBY BELFA BHW BID BOL BRCM CA CCL CCRD CDWC CEFT CGO CGX CHKPF CHTT CMCSA CMVT CNMD COGNF COST CPN CPQ CSCO CSGS CTAS CTYA DDDDF DH DHR DISH DKWD DNEX DY EAGL EBAY EGRP EL ELNK EMC ESRX EXDS F FDS FLEX FM FPIC FSR GBLX GDT GENZ GIC GILTF GLIA GNET GPS HD HDI HTCH IBI IBM ICOS IMNX INSS INTC INTU IPG ISSX ITGI JBL JCOR JEC JOINA JWa KROG LCOS LEVL LGTO LXK MACR MCRL MCSC MERQ MFNX MHP MLNM MNMD MRCY MRX MSFT MSPG MU MWHS MXIM MYG NCOG NCR NDN NEON NOKA NSCP NSIT NSOL NTAP NVLS OCLI ORCL OSTE PERC PKN PLT PLXS PMCS PVN QLGC RESM RFMD ROV SAH SANM SCH SCI SLR SMTC SNPS SNRZ SPLS SUNW SWFT T TAGS TWX TXN VCI VISX WCOM WMT XLNX YHOO ZQK - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] IBI, MMGR Date: 20 Jan 1999 12:33:50 -0500 Hello all, Anyone have any comments on IBI, or MMGR? Both are making new highs today on high volume. thanks, Mark - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] IBI, MMGR Date: 20 Jan 1999 10:52:56 -0700 > -----Original Message----- > From: The Jacksons [SMTP:southerner@technonet.com] > Sent: Wednesday, January 20, 1999 10:34 AM > Anyone have any comments on IBI, or MMGR? > Both are making new highs today on high volume. > [Wahl, Patrick] I was just going to mention MMGR. I pointed it out on this list a few weeks ago, looks like a good one, sales growth has been accelerating for the last few quarters, settled a lawsuit recently, has formed a nice base, from everything I can see, it looks good. - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] wed. market Date: 20 Jan 1999 09:57:07 -0800 And CPWR is getting punished to the tune of 10%, downgraded, and dissed on the forward-looking part of the report, while MSFT is getting rewarded. I got out of CPWR and that is one stop that I am now thanking for getting me ourt with a small profit. The other one is JKHY. Look at what's happened to them after a not-so-rosy earnings report. The behavior of the stock just before the report is sometimes a good clue as to the content of the report - CPWR and JKHY have looked fairly sick for at least a week before reporting. MSFT OTOH has looked very strong going into the report. P.S. MSFT today looks like a a bona-fide breakout. DELL has got the price move but not the volume yet. On 10:34 PM 1/19/99 , Patrick Wahl Said: >For what this is worth, after the market closed, MSFT reported >earnings that really clobbered the estimates, 14 cents ahead of >estimates. Kinda surprising that a company as widely followed as >msft can beat the estimates by such a wide margin, shows you >how much stock (no pun intended) you can put in those earnings >estimates. Anyway, presumably as a consequence of that report, >the nasdaq futures are up 31 points, S&P up 8+ at around 12:30 >am eastern time. > >Also after the close, CPWR reported earnings that beat estimates >by 3 cents, if anyone is watching that one, .48 actual vs. .45 >forecast. > > > >- > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] market leaders Date: 20 Jan 1999 10:17:01 -0800 (PST) Glad the health situation is better. I am doing a study of Computers- Peripheral Networks in QP2. I sorted the components by SIC codes and picked those that we rising the most within each component. These are not scanned for Canslim characterics at this point. I'm very interested in your list. Hardware MMCN Telephone/Teleg Appar FIBR Comm Equipment AEC Software-prepkg NOVL, OTEXF Peripheral XIRC, ASND, ANCR Pr. Circuit Brds PTIX Measure Elect. MTST CompIntSys VNWK News Syndication DGIT SemiCond SMSC TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: mikelu Subject: RE: [CANSLIM] IBI, MMGR Date: 20 Jan 1999 12:33:36 -0800 DGO has MMGR reporting earnings on 2/6. IBI 2/17. Mike -----Original Message----- Sent: Wednesday, January 20, 1999 9:34 AM Hello all, Anyone have any comments on IBI, or MMGR? Both are making new highs today on high volume. thanks, Mark - - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] 'M' Date: 20 Jan 1999 22:01:49 +0100 Nice disribution day with Internet leaders selling off. Damn hard to short these stocks correctly (intraday) like YHOO at the right point. Probably to much competion from professional daytrader with top notch equipment and trade execution systems. Johan - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] M Date: 20 Jan 1999 16:35:22 -0500 What is to be made of today's chart. Looks like a camels hump. You just cant help wondering if it is not time for a little profit. Around lunch time today would have been even better. I believe I am going to tighten up my stops. Charlie - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Elder Triple Screen. Date: 20 Jan 1999 16:41:19 -0500 Does anyone have any experience with using this as a safety measure. Elder feels that using this methods helps to filter out bad trades. I dont see much as far as finding good trades, but if you find one you like possibly his method would be helpful if you are on the fence. Thanks Charlie - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Stops Date: 20 Jan 1999 18:11:27 -0500 I wonder if this is the part where the weak holder like myself gets stomped again. Market goes down, blows through a bazillion stops, extra supply on the market for the gorillas to get cheap. Charlie - ------------------------------------------------------------------------------- From: CHUCKCBM@aol.com Subject: Re: RE: [CANSLIM] Hardware for QP2, etc. Date: 20 Jan 1999 17:29:34 EST Thanks for the help. Best, Chuck - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] BigCharts [Connie Mack] Date: 20 Jan 1999 19:22:50 -0500 Here are a couple of tricks for cross examining BigCharts. [1] URL. The URL is the window where you enter the site you want the server to bring up. If you wish to edit the URL, you may, in most instances, add and delete just as you would in, say, Word or with your Composer. You must know, or guess, what part you want to edit. Sometimes the URL is longer than the URL window; therefore, you can't get in through the window to see what else is there. Try this. [1] High light [select] the URL with the mouse. [2] Click Edit/Copy. [3] Open an E-mail composition and Paste. [4] Edit the URL and send it to yourself. [5] When it comes back, it will be high lighted. You can click and be taken to the edited URL. You won't be able to edit the URL once it comes back high lighted, for clicking on it will take you to the site. Notice that you can use part of the procedure [1, 2, and 3] when you want to put a URL into your E-mail to other members. When the member, or the group, receives the mail, it will be high lighted and enabled with just a mouse click. It might be useful to know how to edit BC such that back-dated screens could be brought up. BC might, however, block the procedure. Connie Mack - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] 2 more helpful sites Date: 20 Jan 1999 19:19:59 -0800 (PST) http://www.taguru.com/quotes/ http://www.easystock.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Joe Scott" Subject: Re: [CANSLIM] BigCharts [Connie Mack] Date: 21 Jan 1999 00:44:07 -0500 If your using using Explorer 4.0 simply click on the mail icon in the toolbar and select "send a link", it will automatically paste the "URL" or "link" that is visible in your browser directly into a new message.. No fuss, no muss, no copy, no paste.. joe - ------------------------------------------------------------------------------- From: "David S. Pinhasik" Subject: [CANSLIM] imaxf breakout Date: 21 Jan 1999 09:41:02 +0200 May be another (or continuing) break out. Up 4.5% on 2.5X volume. I got in last week at 30 1/4, now at 32. Cheers. ============================================= Accomplishing the impossible means only the boss will add it to your regular duties ============================================= David S. Pinhasik Tadiran Information Systems Sheba Medical Center/Tel Hashomer, Israel 03-530-2261 dsap@shani.net ICQ# 28834558 - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] 2 more helpful sites Date: 21 Jan 1999 09:28:56 -0500 TM-- These are nice sites. My faculty group will appreciate them. Connie Mack TM wrote: > http://www.taguru.com/quotes/ > > http://www.easystock.com > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - ------------------------------------------------------------------------------- From: Walter Stock Subject: [CANSLIM] Elder Triple Screen and Nouveau Canslim Date: 21 Jan 1999 10:49:32 -0500 Hi Charlie, What I do is use Triple Screen (and other Elder TA material) with Canslim stocks. This past year, a year I am very happy with, I invested almost entirely in big-caps with only a few mid-caps thrown into the pot. So my definition of a Canslim stock is very much from the revised rules published in the 26 part IBD series that I call "Nouveau Canslim". This is distinct from "Canslim Classique" from HTMMIS. (As a bilingual Canadian, I reserve the right to use as much French as I want.) :-) This means that Leader big-caps are "en vogue" and that I also look at such things as ROE now. A good place to start is with IBD's weekly stock screen called Weekend Review on the last page of the Friday paper. WON mentions doing this in his series. You would be shocked at how many leading technicians and investors (including some famous ones) quietly use this page as a first screen. I manually copy the top 90 stocks into my PC. This is less work than it sounds because the same stocks get featured over and over. Then I start combing. Shortcut : visit Frank Wolynski's outstanding web site. Every week Frank tracks the top 50 IBD stocks from the Weekend Review and tells you which old ones have been dropped by IBD, and which new ones have been added. (Only about 6 changes last week.) These 50 or 90 elite stocks bring your palette down to a manageable level. Bon appetit ! Walter Stock Oakville ON, Canada - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] Just Spotted: flying turkey TRK Date: 21 Jan 1999 12:46:18 -0500 Hello all,, A marginal canslim stock with a good looking chart, TRK, is approaching a price breakout on 3x average daily volume. It's group strength (leisure services) is low. Mark - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] Just Spotted: flying turkey TRK Date: 21 Jan 1999 12:46:18 -0500 Hello all,, A marginal canslim stock with a good looking chart, TRK, is approaching a price breakout on 3x average daily volume. It's group strength (leisure services) is low. Mark - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Elder Triple Screen and Nouveau Canslim Date: 21 Jan 1999 13:05:23 -0500 Walter, Thanks, this had occured to me. I think Elder is a good confirmation on a trade. I am still flip flopping on stocks but have had the most success with larger ones. Someone posted a zip file with the entire 26 weeks on it. If you read this could you send it again. I did not use it because it was still on the web sight. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Walter Stock > Sent: Thursday, January 21, 1999 10:50 AM > To: Canslim Group > Subject: [CANSLIM] Elder Triple Screen and Nouveau Canslim > > > Hi Charlie, > > What I do is use Triple Screen (and other Elder TA material) with > Canslim stocks. This past year, a year I am very happy with, > I invested almost entirely in big-caps with only a few mid-caps thrown > into the pot. > > So my definition of a Canslim stock is very much from the > revised rules published in the 26 part IBD series that I call > "Nouveau Canslim". This is distinct from "Canslim Classique" > from HTMMIS. > (As a bilingual Canadian, I reserve the right to use > as much French as I want.) :-) > > This means that Leader big-caps are "en vogue" and that I also look > at such things as ROE now. > > A good place to start is with IBD's weekly stock screen called > Weekend Review on the last page of the Friday paper. > WON mentions doing this in his series. > You would be shocked at how many leading technicians > and investors (including some famous ones) quietly use this page > as a first screen. I manually copy the top 90 stocks into my PC. > This is less work than it sounds because the same stocks get > featured over and over. Then I start combing. > > Shortcut : visit Frank Wolynski's outstanding web site. > Every week Frank tracks the top 50 IBD stocks from > the Weekend Review and tells you which old ones > have been dropped by IBD, and which new > ones have been added. (Only about 6 changes last week.) > > These 50 or 90 elite stocks bring your palette down > to a manageable level. > > Bon appetit ! > > Walter Stock > Oakville ON, Canada > > > - > > - ------------------------------------------------------------------------------- From: FBNAirPlt@aol.com Subject: [CANSLIM] Acc/Dis Numbers Date: 21 Jan 1999 13:57:20 EST Here are the latest Acc/Dis numbers: Date A B C D E AB/A:E %E 1/11/99 1399 3022 1171 835 290 66% 4% 1/12/99 1431 3047 1149 831 290 66% 4% 1/13/99 1447 2939 1203 860 309 65% 5% 1/14/99 1380 2890 1231 909 329 63% 5% 1/15/99 1277 2819 1256 1005 361 61% 5% 1/18/99 1224 2776 1286 1059 388 59% 6% 1/20/99 1301 2836 1245 1012 365 61% 5% 1/21/99 1352 2808 1231 993 392 61% 6% Spreadsheet numbers: Date,A,B,C,D,E,AB/A:E,%E 1/11/99,1399,3022,1171,835,290,66%,4% 1/12/99,1431,3047,1149,831,290,66%,4% 1/13/99,1447,2939,1203,860,309,65%,5% 1/14/99,1380,2890,1231,909,329,63%,5% 1/15/99,1277,2819,1256,1005,361,61%,5% 1/18/99,1224,2776,1286,1059,388,59%,6% 1/20/99,1301,2836,1245,1012,365,61%,5% 1/21/99,1352,2808,1231,993,392,61%,6% Robert - ------------------------------------------------------------------------------- From: rolatzi Subject: Re: [CANSLIM] Elder Triple Screen and Nouveau Canslim Date: 21 Jan 1999 11:34:05 -0800 (PST) Walter, Could you post Frank's web site. Thanks, Ciao, Rolatzi ---Walter Stock wrote: > > Hi Charlie, > > What I do is use Triple Screen (and other Elder TA material) with > Canslim stocks. This past year, a year I am very happy with, > I invested almost entirely in big-caps with only a few mid-caps thrown > into the pot. > > So my definition of a Canslim stock is very much from the > revised rules published in the 26 part IBD series that I call > "Nouveau Canslim". This is distinct from "Canslim Classique" > from HTMMIS. > (As a bilingual Canadian, I reserve the right to use > as much French as I want.) :-) > > This means that Leader big-caps are "en vogue" and that I also look > at such things as ROE now. > > A good place to start is with IBD's weekly stock screen called > Weekend Review on the last page of the Friday paper. > WON mentions doing this in his series. > You would be shocked at how many leading technicians > and investors (including some famous ones) quietly use this page > as a first screen. I manually copy the top 90 stocks into my PC. > This is less work than it sounds because the same stocks get > featured over and over. Then I start combing. > > Shortcut : visit Frank Wolynski's outstanding web site. > Every week Frank tracks the top 50 IBD stocks from > the Weekend Review and tells you which old ones > have been dropped by IBD, and which new > ones have been added. (Only about 6 changes last week.) > > These 50 or 90 elite stocks bring your palette down > to a manageable level. > > Bon appetit ! > > Walter Stock > Oakville ON, Canada > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Chris Thornlow Subject: Re: [CANSLIM] Acc/Dis Numbers Date: 21 Jan 1999 17:49:07 -0800 (PST) Are these numbers supposed to represent the action in the market (60+ percent buying/accumulation), indicating a buying market? ct _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] On Manias & Bear Market (Sooner or Later) Date: 21 Jan 1999 23:37:55 -0500 The following is quoted material - seemed like interesting reading, maybe slightly off subject. I have retained the links to be fair to the originator. By the way, for those of you thinking about shorting the web stocks now, be careful - its too obvious at the moment, they are about set up to bounce. YHOO looks like a "hammer" candlestick today (possible reversal of downtrend). They could go down another 20% tomorrow, but they could bounce that much in a day or two as well. I would wait for a clear buy or sell signal before doing anything new there. Before I get to the quoted material, here is a link to some more mania information you might want to look at http://taguru.com/internet-stock-mania/ The links under "New Articles" are the only ones I read on this page. One of the links is broken (LA Times article) but the rest were all fascinating reading (to me). Best Regards, Craig Here is the quoted part: " The INVESTools Advisory, January 19-22, 1999 A Free Digest Of Trusted Investment Advice ...... 4. The Great Internet Mania (DELL) Thursday, January 21, 1999 Market timer John Bollinger on the state of the current market: "A cameraman at CNBC laments not acting on that hot Ebay tip he got; the local cybercafe is all abuzz with e- traders; the brokers next door report that clients are heating up their phones; clients want to know why they don't own DBC; Brazil breaks the market and Internet stocks get the first bid. In short, we are fully engaged in an Internet mania." Saying manias "are as old as mankind," Bollinger recalls such past manias as gold and oil in 1980, "stocks ending in x" (computer stocks) in the mid-'60s, the nifty-fifty of the early '70s, and bowling stocks in the early '60s. "What's important is not the manias themselves, but their consequences," Bollinger says, as they all lead to panics, routs and bear markets. "The larger the mania, the greater the consequences," Bollinger says, adding the current Internet mania is "large by any standard and has yet to serve notice of its passing." Bollinger says he is not bearish yet and remains fully invested with a 60% allocation in US stocks, including Dell Computer (DELL), Compaq (CPQ), Fannie Mae (FNM), Capstead Mortgage (CMO) and Wild Oats Markets (OATS), 20% in international stocks and 20% in bonds. But he's keeping his eyes peeled and is ready to exit on a moment's notice. "One thing is certain, the events will run further, longer, or perhaps both, than anticipated -- no matter how careful the observation and analysis," he says. "To think that we can out-think the crowd is hubris." For more on John Bollinger's recommendation see "Capital Growth Letter," January 15, 1999, Capital Growth Letter. Market timer John Bollinger's Bollinger Bands, driven by volatility, decipher market activity and predict market behavior. http://investools.com/cgi-bin/server.pl/Newsletters/GROW/1208 For a 30-day free trial go to: http://www.investools.com/cgi-bin/offer1/GROW/ADVI-growmail ......" - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] On Manias & Bear Market (Sooner or Later) Date: 22 Jan 1999 11:23:17 +0100 At 11:37 PM 21/01/99 -0500, you wrote: >The following is quoted material - seemed like interesting reading, maybe >slightly off subject. I have retained the links to be fair to the >originator. By the way, for those of you thinking about shorting the web >stocks now, be careful - its too obvious at the moment, they are about set >up to bounce. YHOO looks like a "hammer" candlestick today (possible >reversal of downtrend). They could go down another 20% tomorrow, but they >could bounce that much in a day or two as well. I would wait for a clear >buy or sell signal before doing anything new there. I mostly agree with Craig here. Yesterday YHOO, which I followed closely the last 2 days, found (intraday) support in the 250-270 support area (near the 12/21/98 - 01/05/99 congestion area). Fairly obvious to 'feel' the shorters cover and the "near-the-50-MA bounce players" buy. Exciting action, definately not for the fainth of heart. Many intraday situations occured where a 1000 share player could gain or loose $ 3K in less than a minute or so. And for the non-daytrader, I'd say there is a 50% chance that tommorow will be up and 50% chance that it will go down IMHO. Bad odds. So one has to sit and wait for a better opportunity. -- Johan Van Houtven - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] On Manias & Bear Market (Sooner or Later) Date: 22 Jan 1999 10:38:28 -0500 Along those same lines, here is an analysis of the situation from one of the best know Internet stock gurus: http://www.news.com/Perspectives/Column/0,176,293,00.html?st.ne.per.gif.a - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] On Manias & Bear Market (Sooner or Later) Date: 22 Jan 1999 11:59:02 -0500 Interesting article. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Craig Griffin > Sent: Friday, January 22, 1999 10:38 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] On Manias & Bear Market (Sooner or Later) > > > Along those same lines, here is an analysis of the situation from one of > the best know Internet stock gurus: > > http://www.news.com/Perspectives/Column/0,176,293,00.html?st.ne.per.gif.a > > - > > - ------------------------------------------------------------------------------- From: "Charles Bentley" Subject: [CANSLIM] C.I.C. to offer Research and Investor Resources on Selected Equi Date: 22 Jan 1999 14:11:04 -600 I found this on E*Trade - FYI AUSTIN, Texas--(BUSINESS WIRE)--Jan. 22, 1999--The Center for Internet Commerce, in response to investor's requests to supply a broader base of information in regard to widely held publicly traded companies, has expanded their free services to cover more publicly held equities. "We're now prepared to offer some pretty powerful tools to investors in some of the largest companies out there," said spokesman Zeke Matters. "We're proud to be able to offer completely free access to Real Time Quotes, Research Reports and other imperative data essential to investors." The C.I.C. also provides one of the Internet's most comprehensive sites for information in regard to Internet equities and the red hot e-tail companies at their free site located at www.e-tail.org. "We've received so many requests to broaden our scope and offer the same great features on larger companies," said Matters. "So we did just that and can now provide investor essentials that every investor must have. We're becoming a lot of investors' homepage." ========================================================== Charles Bentley Solution Group Voice (713) 827-8133 PO Box 31400 FAX (713) 827-8232 Houston, Texas 77231-1400 - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] Elder Triple Screen and Nouveau Canslim Date: 22 Jan 1999 17:13:03 -0500 Hi Rolatzi, Here is Frank's web site: http://wolynski.home.mindspring.com/ Walter >Walter, >Could you post Frank's web site. Thanks, >Ciao, >Rolatzi - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] gtw Date: 22 Jan 1999 23:00:48 -0800 Gateway spiked up from a sort of base type area on heavy volume on Friday. I don't have any EPS or RS numbers since my local store sold out of IBD's, but I know that GTW beat earning estimates and was upgraded by a few people. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] gtw Date: 23 Jan 1999 05:48:47 -0500 Patrick, RS 82, EPS 95, A/D A, Timeliness B, GRS 92 (Computer - Mini/Micro). Most significant to Gateway's success on Friday (volume was better than 2.5X ADV) was the top line results, up 17% from Q4 of prior year in sharp contrast to IBM's anemic 6% growth in sales. This was a half billion dollar jump over the preceding quarter, a new record high for sales, and soundly bested the year prior quarter, which was the previously best quarter. IBM also beat earnings estimates, but failed to show any basis for earnings growth thru sales, rather achieved it thru share buyback and cost containment, and I'm sure you noticed Friday's "reward". Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Gateway spiked up from a sort of base type area on heavy volume on Friday. I don't have any EPS or RS numbers since my local store sold out of IBD's, but I know that GTW beat earning estimates and was upgraded by a few people. - - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] IBD chart interpretation, Frank Date: 23 Jan 1999 02:59:06 -0800 (PST) Frank, I am at your site again with more IBD chart questions. http://wolynski.home.mindspring.com/ On the "Number of IBD stocks in .....trends" graph. I see the Up and Down groups trending roughly toward the mean on the chart. I guess it could mean that the UP groups are in transition to Down and vice versa-- that's what the crossover would seem to indicate, right? Adding the ups and downs gives roughly 3500 which leaves about 1000. Or do you consider these 1000 or so to be trending sideways? Thanks. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO New Highs, "M", Economics, etc Date: 23 Jan 1999 07:16:15 -0500 Good morning, all. It's a warm, windy, and slightly overcast day in Miami. Cold front approaching so likely that weather will deteriorate this weekend, just as the stock market did late in the week. No surprise, the list of new highs is not robust this week, tho still slightly ahead of last week. The total was 303, with 129 meeting the RS/EPS basic test of 80/80. However, I also noted that the vast majority of stocks hitting their new high early in the week finished the week down 10% or more from the high, many down upwards of 20%. The ones hitting a new high on Thursday or Friday appeared to be more robust, tho granted they had fewer trading hours to give back their gains to profit taking and generalized fears. Greenspan spoke this week, and for once, despite comments on the high valuations of the stock market, was a non event. The impeachment trial continues, and seems to be even more of a non event. Economic reports were mostly a no-show. VIX suggests that the CANSLIM climate continues to deteriorate. The internet stocks showed they can lose money, tho showed strength again on Friday. Down volume on NYSE continues to grow, and on Nasdaq is beginning to swamp the up volume. New highs continues dismally on NYSE, and showing early signs of shifting to the negative on Naz. I'm seeing increased evidence of merger and acquisition activity on the dotcom companies, no surprise. Process could take a year or more to complete, with the strongest stocks surviving. After that, and with all the non recurring charges for good will, research in process, layoffs, yada yada yada behind them, the remaining stocks will be easier to valuate on a CANSLIM premise. LATAM was the topic of the week, with first Brazil floating its real, then Argentina announcing it would convert its currency over to the US dollar. The latter may place an addl strain on the already weak US dollar, along with the new influence of a new major currency, the Euro. The Swiss franc, along with the Euro, seems to be the new "safe haven" now that the German Mark is no longer realisticly available. With the Brazilian real having lost over 20% against the US dollar, the Brazil stock market soared 33% in a single day as the world breathed a sigh of relief that they would not be using up their US dollar reserves to support the currency. And all the commentary out of Brazil supported this, statements like "allow it to trade freely" etc from Brazil govt officials. Then on Friday, just to confuse and concern everyone, the central bank goes and spends $100 million (US) in supporting the real. Effort failed, it's now down 30% for the week against the US dollar. Once again, not only damaging credibility, but demonstrating the futility of govt intervention to support a weak currency. China appears to be the next in line to devalue, despite all its claims to the contrary, which will hurt the entire Asian economy, Japan in particular, which has been showing surprising support in the Nikkei led largely by support in the banking sector despite a lack of improvement in conditions there. Anyway, enough noise, on to the new highs from DGO: NTAP, HLYW, CHKP, ATYTF, PSDI, RCCK, OCLI, APEX, INSS, UNPH, VMC, FORR, KING, MWHS, SBL, CTXS, CHUX, GENZ, ITP, SAPE, AGN, MINI, WHIT, MRX, GNSSF, VRTS, ALTR, UNSGA, ZLC, TSFW, AMGN, COGIF, SKYW, AXTI, TCAT, SEH, MXIM, USM, WCOM, BEBE, MHP, LEVL, MELI, ATI, PFGC, ITGI, GENX, CMVT, JAKK, AVDL, TSS, SNPS, DELL, CTS, FOSL, ARMHY, LXK, DDDDF, SUNW, MSFT, GILTF, NOKA, RFMD, SYKE, FDPC, ORCL, RCGI, ISTN, AAS, INTC, SALT, TIF, ASND, AHO, FLEX, VTSS, VOD, CSCO, GLC, EMC, NDC, IBM, HDI, SBC, COF, ORLY, TGO, KRON, SDLI, PRGN, IONAY, TECH, EFII, AMWD, GIB, KARE, TSCO, EWB, CGX, IBI, OMC, AIB, FM, UTX, JEC, JCI, RESM, XOMD, ELK, PLXS, MTNT, T, CTAS, RARE, ADMS, PPDI, KRB, MNMD, MMS, RCII, CRDT, CTSH, MMGR, FDS, MDCC, ACS, FIC, CPN, PVN. Happy hunting. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] DGO New Highs, "M", Economics, etc Date: 23 Jan 1999 08:32:19 -0500 Tom Great synopsis of the week. Thanks for the DGO stocks for the week. I am trying to make a watch list and a lot of these are definite candidates to watch. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Saturday, January 23, 1999 7:16 AM > To: CANSLIM > Subject: [CANSLIM] DGO New Highs, "M", Economics, etc > > > Good morning, all. It's a warm, windy, and slightly overcast > day in Miami. Cold front approaching so likely that weather > will deteriorate this weekend, just as the stock market did > late in the week. > > No surprise, the list of new highs is not robust this week, > tho still slightly ahead of last week. The total was 303, > with 129 meeting the RS/EPS basic test of 80/80. However, I > also noted that the vast majority of stocks hitting their > new high early in the week finished the week down 10% or > more from the high, many down upwards of 20%. The ones > hitting a new high on Thursday or Friday appeared to be more > robust, tho granted they had fewer trading hours to give > back their gains to profit taking and generalized fears. > > Greenspan spoke this week, and for once, despite comments on > the high valuations of the stock market, was a non event. > The impeachment trial continues, and seems to be even more > of a non event. Economic reports were mostly a no-show. > > VIX suggests that the CANSLIM climate continues to > deteriorate. The internet stocks showed they can lose money, > tho showed strength again on Friday. Down volume on NYSE > continues to grow, and on Nasdaq is beginning to swamp the > up volume. New highs continues dismally on NYSE, and showing > early signs of shifting to the negative on Naz. I'm seeing > increased evidence of merger and acquisition activity on the > dotcom companies, no surprise. Process could take a year or > more to complete, with the strongest stocks surviving. After > that, and with all the non recurring charges for good will, > research in process, layoffs, yada yada yada behind them, > the remaining stocks will be easier to valuate on a CANSLIM > premise. > > LATAM was the topic of the week, with first Brazil floating > its real, then Argentina announcing it would convert its > currency over to the US dollar. The latter may place an addl > strain on the already weak US dollar, along with the new > influence of a new major currency, the Euro. The Swiss > franc, along with the Euro, seems to be the new "safe haven" > now that the German Mark is no longer realisticly available. > With the Brazilian real having lost over 20% against the US > dollar, the Brazil stock market soared 33% in a single day > as the world breathed a sigh of relief that they would not > be using up their US dollar reserves to support the > currency. And all the commentary out of Brazil supported > this, statements like "allow it to trade freely" etc from > Brazil govt officials. Then on Friday, just to confuse and > concern everyone, the central bank goes and spends $100 > million (US) in supporting the real. Effort failed, it's now > down 30% for the week against the US dollar. Once again, not > only damaging credibility, but demonstrating the futility of > govt intervention to support a weak currency. China appears > to be the next in line to devalue, despite all its claims to > the contrary, which will hurt the entire Asian economy, > Japan in particular, which has been showing surprising > support in the Nikkei led largely by support in the banking > sector despite a lack of improvement in conditions there. > > Anyway, enough noise, on to the new highs from DGO: > > NTAP, HLYW, CHKP, ATYTF, PSDI, RCCK, OCLI, APEX, INSS, UNPH, > VMC, FORR, KING, MWHS, SBL, CTXS, CHUX, GENZ, ITP, SAPE, > AGN, MINI, WHIT, MRX, GNSSF, VRTS, ALTR, UNSGA, ZLC, TSFW, > AMGN, COGIF, SKYW, AXTI, TCAT, SEH, MXIM, USM, WCOM, BEBE, > MHP, LEVL, MELI, ATI, PFGC, ITGI, GENX, CMVT, JAKK, AVDL, > TSS, SNPS, DELL, CTS, FOSL, ARMHY, LXK, DDDDF, SUNW, MSFT, > GILTF, NOKA, RFMD, SYKE, FDPC, ORCL, RCGI, ISTN, AAS, INTC, > SALT, TIF, ASND, AHO, FLEX, VTSS, VOD, CSCO, GLC, EMC, NDC, > IBM, HDI, SBC, COF, ORLY, TGO, KRON, SDLI, PRGN, IONAY, > TECH, EFII, AMWD, GIB, KARE, TSCO, EWB, CGX, IBI, OMC, AIB, > FM, UTX, JEC, JCI, RESM, XOMD, ELK, PLXS, MTNT, T, CTAS, > RARE, ADMS, PPDI, KRB, MNMD, MMS, RCII, CRDT, CTSH, MMGR, > FDS, MDCC, ACS, FIC, CPN, PVN. > > Happy hunting. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > > > > - > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] DGO New Highs, "M", Economics, etc Date: 23 Jan 1999 08:32:19 -0500 Tom Great synopsis of the week. Thanks for the DGO stocks for the week. I am trying to make a watch list and a lot of these are definite candidates to watch. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Saturday, January 23, 1999 7:16 AM > To: CANSLIM > Subject: [CANSLIM] DGO New Highs, "M", Economics, etc > > > Good morning, all. It's a warm, windy, and slightly overcast > day in Miami. Cold front approaching so likely that weather > will deteriorate this weekend, just as the stock market did > late in the week. > > No surprise, the list of new highs is not robust this week, > tho still slightly ahead of last week. The total was 303, > with 129 meeting the RS/EPS basic test of 80/80. However, I > also noted that the vast majority of stocks hitting their > new high early in the week finished the week down 10% or > more from the high, many down upwards of 20%. The ones > hitting a new high on Thursday or Friday appeared to be more > robust, tho granted they had fewer trading hours to give > back their gains to profit taking and generalized fears. > > Greenspan spoke this week, and for once, despite comments on > the high valuations of the stock market, was a non event. > The impeachment trial continues, and seems to be even more > of a non event. Economic reports were mostly a no-show. > > VIX suggests that the CANSLIM climate continues to > deteriorate. The internet stocks showed they can lose money, > tho showed strength again on Friday. Down volume on NYSE > continues to grow, and on Nasdaq is beginning to swamp the > up volume. New highs continues dismally on NYSE, and showing > early signs of shifting to the negative on Naz. I'm seeing > increased evidence of merger and acquisition activity on the > dotcom companies, no surprise. Process could take a year or > more to complete, with the strongest stocks surviving. After > that, and with all the non recurring charges for good will, > research in process, layoffs, yada yada yada behind them, > the remaining stocks will be easier to valuate on a CANSLIM > premise. > > LATAM was the topic of the week, with first Brazil floating > its real, then Argentina announcing it would convert its > currency over to the US dollar. The latter may place an addl > strain on the already weak US dollar, along with the new > influence of a new major currency, the Euro. The Swiss > franc, along with the Euro, seems to be the new "safe haven" > now that the German Mark is no longer realisticly available. > With the Brazilian real having lost over 20% against the US > dollar, the Brazil stock market soared 33% in a single day > as the world breathed a sigh of relief that they would not > be using up their US dollar reserves to support the > currency. And all the commentary out of Brazil supported > this, statements like "allow it to trade freely" etc from > Brazil govt officials. Then on Friday, just to confuse and > concern everyone, the central bank goes and spends $100 > million (US) in supporting the real. Effort failed, it's now > down 30% for the week against the US dollar. Once again, not > only damaging credibility, but demonstrating the futility of > govt intervention to support a weak currency. China appears > to be the next in line to devalue, despite all its claims to > the contrary, which will hurt the entire Asian economy, > Japan in particular, which has been showing surprising > support in the Nikkei led largely by support in the banking > sector despite a lack of improvement in conditions there. > > Anyway, enough noise, on to the new highs from DGO: > > NTAP, HLYW, CHKP, ATYTF, PSDI, RCCK, OCLI, APEX, INSS, UNPH, > VMC, FORR, KING, MWHS, SBL, CTXS, CHUX, GENZ, ITP, SAPE, > AGN, MINI, WHIT, MRX, GNSSF, VRTS, ALTR, UNSGA, ZLC, TSFW, > AMGN, COGIF, SKYW, AXTI, TCAT, SEH, MXIM, USM, WCOM, BEBE, > MHP, LEVL, MELI, ATI, PFGC, ITGI, GENX, CMVT, JAKK, AVDL, > TSS, SNPS, DELL, CTS, FOSL, ARMHY, LXK, DDDDF, SUNW, MSFT, > GILTF, NOKA, RFMD, SYKE, FDPC, ORCL, RCGI, ISTN, AAS, INTC, > SALT, TIF, ASND, AHO, FLEX, VTSS, VOD, CSCO, GLC, EMC, NDC, > IBM, HDI, SBC, COF, ORLY, TGO, KRON, SDLI, PRGN, IONAY, > TECH, EFII, AMWD, GIB, KARE, TSCO, EWB, CGX, IBI, OMC, AIB, > FM, UTX, JEC, JCI, RESM, XOMD, ELK, PLXS, MTNT, T, CTAS, > RARE, ADMS, PPDI, KRB, MNMD, MMS, RCII, CRDT, CTSH, MMGR, > FDS, MDCC, ACS, FIC, CPN, PVN. > > Happy hunting. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > > > > - > - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Technical stufff [Connie Mack] Date: 23 Jan 1999 10:08:12 -0500 Drugs can make bacteria more dangerous because a weak dose may kill only the weaker bacteria; surviving ones start a new, stronger line. Thus one can poison himself by taking too little of a drug. Don't take too little of the 3/7/10 EMA. Put it to a chart in October and see what a benefactor it was. Don't get too sophisticated with your indicators. The 3/7/10 EMA is talking again. Connie Mack - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Technical stufff [Connie Mack] Date: 23 Jan 1999 16:41:32 GMT On Sat, 23 Jan 1999 10:08:12 -0500, you wrote: :Drugs can make bacteria more dangerous because a weak dose may kill only :the weaker bacteria; surviving ones start a new, stronger line. Thus :one can poison himself by taking too little of a drug. : :Don't take too little of the 3/7/10 EMA. Put it to a chart in October :and see what a benefactor it was. Don't get too sophisticated with your :indicators. : :The 3/7/10 EMA is talking again. : :Connie Mack At BigCharts, what are the settings you like with this? Time frame, upper indicators, lower indicators, frequency? Dan - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] IBD chart interpretation, Frank Date: 23 Jan 1999 11:55:59 -0500 At 02:59 1/23/99 -0800, you wrote: > >Frank, I am at your site again with more IBD chart questions. >http://wolynski.home.mindspring.com/ On the "Number of IBD stocks >in .....trends" graph. I see the Up and Down groups trending roughly >toward the mean on the chart. I guess it could mean that the UP >groups are in transition to Down and vice versa-- that's what the >crossover would seem to indicate, right? Adding the ups and downs >gives roughly 3500 which leaves about 1000. Or do you consider these >1000 or so to be trending sideways? > >Thanks. >TM Ah, the art of interpretation. Let me take off my engineers hat and take a stab at it. I think your assessment is a fair one, however the count is of stocks not of groups. Transition is a good interpretation, but the question remains, transition to what? I use the chart also for helping resolve divergence issues. Take for example the July 98 juncture of the chart. The S&P (light yellow line) made a new high, but the underlying stocks had weakened where there were less in a 3,7,10ma condition. (The 3sma above the 7sma, which is above the 10sma.) Not all divergences lead to anything, take for example the late November divergence in the 3710sma's and the S&P. The market moved higher. So how do we tell the difference? You have to move to other tea leaves, err indicators of breadth and momemtum. The IBD A/D ratios are good or simply the # of New Highs. It is rare for a thrust to simply set a new high point and the entire market cave in at that point. The divergences that scare the dickens out of technicians are not sufficient and any retreat to a supporting ma or price point is usually met with renewed buying (late arrivals to the party). It is this secondary thrust where divergences are then capable of being created. ( Or not!) The current state of the 3710sma count is confirming. That is the oscillator is in agreement with the S&P index. There are exceptions, however this does imply another leg up. At least to me. Others may see current conditions differently. The bullish sentiment sure screams a contrarians song! How I am interpreting the current market is one setting the stage for a rotation into other groups/sectors. I don't of course know that, but it looks to be unfolding in that manner. So I will not concentrate so much on the performers who have pulled back a bit, but rather look for stocks that have sound bases as described by WON in HTMMIS and looking to break out. Best Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] IBD chart interpretation, Frank Date: 23 Jan 1999 11:58:39 -0500 At 02:59 1/23/99 -0800, you wrote: > >Frank, I am at your site again with more IBD chart questions. >http://wolynski.home.mindspring.com/ On the "Number of IBD stocks >in .....trends" graph. I see the Up and Down groups trending roughly >toward the mean on the chart. I guess it could mean that the UP >groups are in transition to Down and vice versa-- that's what the >crossover would seem to indicate, right? Adding the ups and downs >gives roughly 3500 which leaves about 1000. Or do you consider these >1000 or so to be trending sideways? > >Thanks. >TM > I realized I did not answer your question. The remaining 1000 or so, would be caught in some other condition rather than the two trends indicated on the graph. That of course could be short term sideways or transitioning from Up to down or visa versa. Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Technical stufff [Connie Mack] Date: 24 Jan 1999 00:35:55 -0500 Connie Mack, As a relative new comer, I assume you have posted your use of the 3/7/10 EMA on this list in the past. I tried use the archive search engine but got far too many hits to be of any practical use. Could you help me narrow my search down to when you might have elaborated on your methods? Thanks, Ron -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea Sent: Saturday, January 23, 1999 10:08 AM Drugs can make bacteria more dangerous because a weak dose may kill only the weaker bacteria; surviving ones start a new, stronger line. Thus one can poison himself by taking too little of a drug. Don't take too little of the 3/7/10 EMA. Put it to a chart in October and see what a benefactor it was. Don't get too sophisticated with your indicators. The 3/7/10 EMA is talking again. Connie Mack - - ------------------------------------------------------------------------------- From: "anthony boone" Subject: Re: [CANSLIM] Technical stufff [Connie Mack] Date: 23 Jan 1999 23:32:48 -0500 What is the key factor to look for in 3/7/10 EMA? (I know what 3/7/10 EMA is; the generic definiton.) thanks in advance Anthony ---------- > From: Connie Mack Rea > To: canslim > Subject: [CANSLIM] Technical stufff [Connie Mack] > Date: Saturday, January 23, 1999 10:08 AM > > Drugs can make bacteria more dangerous because a weak dose may kill only > the weaker bacteria; surviving ones start a new, stronger line. Thus > one can poison himself by taking too little of a drug. > > Don't take too little of the 3/7/10 EMA. Put it to a chart in October > and see what a benefactor it was. Don't get too sophisticated with your > indicators. > > The 3/7/10 EMA is talking again. > > Connie Mack > > > - - ------------------------------------------------------------------------------- From: Dan Cash Subject: Re: [CANSLIM] Technical stufff [Connie Mack] Date: 23 Jan 1999 22:04:14 -0800 Ron, If you go back to August 12, 1997 and begin perusing the archives, you will find a wealth of info. Dan "Ronald J. Russell, Jr." wrote: > Connie Mack, > As a relative new comer, I assume you have posted your use of the 3/7/10 EMA > on this list in the past. I tried use the archive search engine but got far > too many hits to be of any practical use. Could you help me narrow my > search down to when you might have elaborated on your methods? > Thanks, > Ron > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea > Sent: Saturday, January 23, 1999 10:08 AM > To: canslim > Subject: [CANSLIM] Technical stufff [Connie Mack] > > Drugs can make bacteria more dangerous because a weak dose may kill only > the weaker bacteria; surviving ones start a new, stronger line. Thus > one can poison himself by taking too little of a drug. > > Don't take too little of the 3/7/10 EMA. Put it to a chart in October > and see what a benefactor it was. Don't get too sophisticated with your > indicators. > > The 3/7/10 EMA is talking again. > > Connie Mack > > - > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Connie's 3/7/10 EMA Date: 24 Jan 1999 01:14:26 -0500 For those members wanting more detail on Connie's use of the 3/7/10 EMA, as well as other TA indicators he uses, I have forwarded a repost of his email from April 15, 1998 (auspicious date that that was). Unfortunately it is hung up at majordomo due its length. I'm sure it will magically appear later on today, but for those too anxious to wait, try checking the archives around that date as well. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] Technical stufff [Connie Mack] Date: 24 Jan 1999 10:23:10 -0500 Morning Don-- Don is a veteran investor and knows pretty much what I do with technical indicators. But for those less knowledgeable, let me add few things that come to mind while I also answer Don. Definitions of BC's indicators are available by clicking on the small print text between the indicator windows. Also see: http://www.equis.com/free/taaz/index.html The 3-line EMA is just one of the built-in EMAs available in BC. Unhappy with only three lines, you may set, I think, up to ten. I use the 3/7/10 and usually add a 50/100 because my primary screening indicator, volume increase, carries an inherent bias for stocks correcting or turning around. BC has its own "Stocks with Volume Increase" and is more than adequate for increased volume screens. Too, it has several other screens on its "Big Reports" window. You move between this window and its other technical indicator window by clicking the BC icon in the upper left. In the "Upper Indicators" (where all the indicators are selected), you can put in any number of EMAs you want up to 10. Go to the right/left arrows directly below the "Interactive Charting" side and click once on the right arrow, which will move the very small window of the EMAs enough so you can insert your cursor. I don't recall what the default EMAs are, but you may delete them as you would delete elsewhere. Put your cursor as far left as you can and hit whatever key you use to delete right. Once emptied, you enter your EMAs. You may use a comma with no spaces, or you may use a space and no comma. You may have trouble saving these, and other settings, if you leave BC. I also use the Parabolic SAR as another of the upper settings. It will not interfere with the EMAs. To get a feel for gross support levels, you may put in a "Volume by Price" indicator. There are several other indicators available. Before I use my 3/7/10 EMA (mine only in the sense that I have used it for 15 years), I run a Money Flow and On Balance Volume [MF/OBV] scan on the stocks that my "Increase in Volume" scan has produced. [I use a couple of other volume scans. Both have been written by members of my faculty stock group, but they don't produce more than 5 per cent more than BC.] Other than a few stocks that I day trade and swing trade (MU, e.g.), I limit my scan from $10 to $30. I trade other stocks, but they are stocks that are in a sense "trading" stocks (volatile with high liquidity and small spread; some traders, however, prefer higher spreads). I arbitrarily choose these stocks because, to trade for 1/8 to 1/2 increments of profit, you must buy several hundred shares. After I have scanned BC's volume list, I visually look at the charts. First, I put either MF or OBV in the lower window. It doesn't matter which because a stock must have both MF and OBV Positive Divergence. I make only about a 5 per cent exception to this rule. The stocks surviving are then examined by the 3/7/10 EMA. The MF/OBV are gross indicators. The 3/7/10 is much more precise. Remember that an EMA with these numbers is a rocket indicator and used precisely for entry and exits. The 3/7/10 EMA is useful for the Canslimer as an entry and exit counter to the much slower bias that Canslim has. This is not to disparage Canslim, for Canslim is purposely built to smooth the very volatility that a 3/7/10 offers. The usefulness of the 3/7/10 EMA for Canslim is to gather in some of the money that would be left on the table when using the entries and exits of Canslim. Not quite an axiom for me is my requirement that the 3/7/10 must be giving either a First Level Buy [3 line through the 7], a Second Level Buy [3 line through the 10], or a Third Level Buy [7 line through the 10], and that the MACD and SlowStochastic is also in a buy area. If you wish to relax the criteria, there are several permutations. You can relax the 3/7/10 by requiring a Third Level Buy. You can relax the MACD by deciding where you want the crossover to take place (above or below the marker line). Same for the SloSto. For further permutations, you can use any two indicators, or all three. But don't get too cute. I do my first MF/OBV scan on a 3-month chart. I seldom turn up more than six stocks. After completing my list of stocks to exam further [those meeting 3/7/10, MACD, and SloSto criteria] , I take a look at 6- and 12-month charts for support/resistance levels. I may look at a 1-month chart if the 3/7/10 is congested on a 3-month. Sooner or later I will look at a 5- and 1-day chart for some intraday support/resitance and the "Volume+" indicator [Lower Indicators]. Always, I look at the previous day's 1-day chart. I still have my 3/7/10, MACD, and SloSto on the screen. Irrespective that my faculty group math boys tell me that, from a mathematical view, my applying an already rocket EMA to an intraday chart is like going out three more decimals in refining the pi. No matter. I do it, and I do it while day trading. I also find a Time & Sales chart invaluable. One of my faculty group has tied me in to one of his pieces of software. You don't want to know the legality of it all. Add 5- and 10-minute charts and you're ready to rock and roll. The same faculty member has me tied to real time charts. Connie Mack - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] Connie's 3/7/10 EMA Date: 24 Jan 1999 10:39:23 -0500 Tom may have edited some of my 3/7/10 stuff, as he implies in today's mail. Tom knows more about the overall market [especially from the retail side and the CS side] than anyone I know. Also, he has been at work on some technical/CS stuff for several months. Maybe someone can pry loose his secrets. Thanks for the help, Tom. I'll try to answer any questions left dangling after after members have looked at the archives, at Tom's post, and at my post this morning. My thanks to Dan Cash, too. Connie Mack Tom Worley wrote: > For those members wanting more detail on Connie's use of the > 3/7/10 EMA, as well as other TA indicators he uses, I have > forwarded a repost of his email from April 15, 1998 > (auspicious date that that was). Unfortunately it is hung up > at majordomo due its length. I'm sure it will magically > appear later on today, but for those too anxious to wait, > try checking the archives around that date as well. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > - - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] Technical stufff [Connie Mack] Date: 24 Jan 1999 10:41:35 -0500 Morning Ron-- I have some files of several months ago that I cobbled together. They lack any clear thread of contituity because most were just comments to members. They do, however, comment on my use of several indicators. Once you have them, you can edit them, for some of fairly long. Tell me if you wish for me to send them. Connie Mack Ronald J. Russell, Jr. wrote: > Connie Mack, > As a relative new comer, I assume you have posted your use of the 3/7/10 EMA > on this list in the past. I tried use the archive search engine but got far > too many hits to be of any practical use. Could you help me narrow my > search down to when you might have elaborated on your methods? > Thanks, > Ron > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea > Sent: Saturday, January 23, 1999 10:08 AM > To: canslim > Subject: [CANSLIM] Technical stufff [Connie Mack] > > Drugs can make bacteria more dangerous because a weak dose may kill only > the weaker bacteria; surviving ones start a new, stronger line. Thus > one can poison himself by taking too little of a drug. > > Don't take too little of the 3/7/10 EMA. Put it to a chart in October > and see what a benefactor it was. Don't get too sophisticated with your > indicators. > > The 3/7/10 EMA is talking again. > > Connie Mack > > - > > - - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Technical stufff [Connie Mack] Date: 24 Jan 1999 10:53:21 -0500 Yes, absolutely. Please send on the material. Thanks to you and Tom and Dan and Don etc. for the prompt and helpful responses. Ron -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea Sent: Sunday, January 24, 1999 10:42 AM Morning Ron-- I have some files of several months ago that I cobbled together. They lack any clear thread of contiguity because most were just comments to members. They do, however, comment on my use of several indicators. Once you have them, you can edit them, for some of fairly long. Tell me if you wish for me to send them. Connie Mack Ronald J. Russell, Jr. wrote: > Connie Mack, > As a relative new comer, I assume you have posted your use of the 3/7/10 EMA > on this list in the past. I tried use the archive search engine but got far > too many hits to be of any practical use. Could you help me narrow my > search down to when you might have elaborated on your methods? > Thanks, > Ron > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea > Sent: Saturday, January 23, 1999 10:08 AM > To: canslim > Subject: [CANSLIM] Technical stufff [Connie Mack] > > Drugs can make bacteria more dangerous because a weak dose may kill only > the weaker bacteria; surviving ones start a new, stronger line. Thus > one can poison himself by taking too little of a drug. > > Don't take too little of the 3/7/10 EMA. Put it to a chart in October > and see what a benefactor it was. Don't get too sophisticated with your > indicators. > > The 3/7/10 EMA is talking again. > > Connie Mack > > - > > - - - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Technical stuff stuck in my Bookmarks over the past year. [Connie Mack] Date: 24 Jan 1999 11:18:17 -0500 Here are some sites that have accumulated in my Bookmarks over this past year. No warrantee about their usefulness: http://www.iqc.com/ http://www.e-analytics.com/index.htm http://www.stocks.com/ http://www.wsrn.com/home/NewsSearch/index.html http://www.doh.com/sp_top.shtml http://www.stocksmart.com/ows-bin/owa/ssd?pg=industrys http://www.decisionpoint.com/ http://www.equitytrader.com/ http://www.hardrightedge.com/ http://www.elitebiz.com/stocks/cgi-bin/Ultimate.cgi?action=intro http://www.allstocks.com/ http://www.askresearch.com/cgi-bin/chart http://www.dailystocks.com/cgi-bin/dailystocks/build_list?Ticker=DELL&FindSymbol=Search&amp;Type=2 http://www.mrci.com/lbr/index.htm http://www.trillions.com/tech.html http://www.trading-ideas.com/mflow.htm http://sosadvisors.com/ians3.htm http://www.investorama.com/director.html http://www.stocksites.net/ http://www.clearstation.com/cgi-bin/bbs/Individual_Stocks/GLM/Discuss/?Cmd=post&point=12 http://members.aol.com/ranord/ http://www.alphachart.com/ http://www.earningswhispers.com/stocks.asp?symbol=novl Connie Mack - ------------------------------------------------------------------------------- From: baker Subject: Re: [CANSLIM] Technical stufff [Connie Mack] Date: 24 Jan 1999 12:03:58 -0500 connie: please send them frank Connie Mack Rea wrote: > Morning Ron-- > > I have some files of several months ago that I cobbled together. They lack any > clear thread of contituity because most were just comments to members. They do, > however, comment on my use of several indicators. > > Once you have them, you can edit them, for some of fairly long. > > Tell me if you wish for me to send them. > > Connie Mack > > Ronald J. Russell, Jr. wrote: > > > Connie Mack, > > As a relative new comer, I assume you have posted your use of the 3/7/10 EMA > > on this list in the past. I tried use the archive search engine but got far > > too many hits to be of any practical use. Could you help me narrow my > > search down to when you might have elaborated on your methods? > > Thanks, > > Ron > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea > > Sent: Saturday, January 23, 1999 10:08 AM > > To: canslim > > Subject: [CANSLIM] Technical stufff [Connie Mack] > > > > Drugs can make bacteria more dangerous because a weak dose may kill only > > the weaker bacteria; surviving ones start a new, stronger line. Thus > > one can poison himself by taking too little of a drug. > > > > Don't take too little of the 3/7/10 EMA. Put it to a chart in October > > and see what a benefactor it was. Don't get too sophisticated with your > > indicators. > > > > The 3/7/10 EMA is talking again. > > > > Connie Mack > > > > - > > > > - > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: The 3/7/10 EMA (was Fw: [CANSLIM] Entry & Exix Points) Date: 24 Jan 1999 01:01:47 -0500 For those members searching for some of Connie's "classics" on EMA, here's one I kept, you could try searching the archives around this date for others. If I find any more on this topic, will post them as well since we seem to be pretty slow these days. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- David-- Glad to help. Go to this address: http://bigcharts.com BigCharts has two main screens. One brings up the charts. The other has numerical data on stocks. Click in the upper left corner on BigCharts to change screens. In the left frame, under the "Draw Chart" button, click "Indicators." Under "Moving Averages," there are SMA [simple moving average] and EMA [exponential moving average]. Click the EMA [3-line]. At the top of the chart you will see EMA 5, EMA 10, and EMA 15. These are BC's default numbers. On the stock price will be three colored lines representing the the EMAs. To alter the default settings, deselect the 5, which is visible, by clicking on it, as if you were selecting it. If the 5 turns blue, you have deselected it. Enter this sequence minus the brackets: [3,7,10]. Now you have the new 3-number EMA. To see a comment on any indicator, click on the text above any window. E.g., clicking on "Moving Averages" will bring up a screen from which you can read a comment. In the window below "Lower Indicators," click on the arrow. You may have to move the arrow pointing to the right to see the other arrow. Clicking on the arrow brings up a series of indicators and other information. Click on MoneyFlow and then on "Draw Chart" to see a MF chart at the bottom of the screen under the price chart. The OBV [On Balance Volume] is on the same list as MF. Click OBV, and you're in business. Thanks for the mail, David. Connie Mack hoseco7@concentric.net wrote: > This was a great post thank you very much Connie. > Just one thing for us rookies. > Please, if you dont mind, explain "OBV and MF" > Also the three number EMA. > This part went right over my head . > > thanks David > -----Original Message----- > From: Connie Mack Rea > To: canslim > Date: Wednesday, April 15, 1998 1:19 PM > Subject: [CANSLIM] Entry & Exix Points > > >Members-- > > > >Several members have said privately what I see mentioned to the > entire > >group: I am late getting in and slow getting out. > > > >May I suggest what I have said privately. As most of you know, I am > not > >a follower of Canslim but rather a day/swing trader who has been made > > >welcome--despite his failure to have seen the Canslim light. > > > >My criteria for buying are probably more restrictive than most > traders; > >too, they are different in that my initial screening is based on my > >reading of OBV and MF. Though I have separate software for these > >readings, I have found that readings from BigCharts are so little > >different that you will not err if you use only BC. > > > >Because Canslim rules are arbitrarily conservative, you must expect > to > >miss initial moves. E.g., the cup and handle configuration is > powerful; > >and it is conservative. Its very shape absolutely requires that a > stock > >passes from some arbitrary level, to a lower lever, and back to the > >original level. Beyond that, the figure requires a sifting out > period > >[the handle]. > > > >When the stock breaks out from the handle [or any flat period], you > must > >be prepared for a return to the break out point--irrespective of > >volume. I have noticed comments about a breakout [and frequently > false > >breaks] giving a nice gain that was lost when the stock fell back, > often > >to a place below the handle. Not only was the gain erased, but a > loss > >resulted. > > > >From just a casual look at several Canslim choices, I see that a > stock > >with Canslim prospects could be bought earlier. E.g., once you find > a > >good prospect, consider making an entry [1] before the cup is > completed > >or, if not then, [2] before the handle completes. > > > >You could let the chart pattern dictate your entry point. You could > >elect to use an EMA indicator as your guide. BigCharts lets you set > >your three number EMA. I use a 3/7/10, which is pretty quick, > perhaps > >too quick for most. I have suggested a 5/10/15 as an EMA more > >conservative; however, there is not much different between the two. > A > >10/15/20 EMA would be quite safe in most instances, especially if > you > >wait until the 15 lines passes through the 20. The larger the EMA, > the > >later your entry. It is best to back test each of these. > > > >The more Canslim requirements, the later your entry. One member > asked > >recently if anyone had ever seen a pure Canslim stock; he thought he > had > >not. To me, this suggests that either there are too many > requirements > >or that there should be permitted qualifying amendments. Other > members > >suggest that there is not sufficient clarity as to when each > requirement > >is met. > > > >Tom probably knows as much about Canslim as any member; yet he often > >must offer up opinion rather than dictum about when rules are met. > >Too, different sources may give different numbers. From my > >conversations with Tom, I believe it is fair to say that he does not > >unequivocally adhere to Canslim rules. I would not expect someone > with > >his experience to do otherwise. Tom has spoken to the group about is > > >own occasional day trading. > > > >Experienced traders and investors are like pilots who on a good VFR > day > >just fly by the seat of their pants when they know the territory. I > >have good radios and VFR/IFR maps, but some days I just like to fly. > > > >Experienced traders and investors don't forsake all the rules, but > >sometimes the rules are set aside. But neither gets careless--like > the > >destroyer captain who wrongly set his depth charges and blew up the > >boat. > > > >One way to avoid getting non-plussed about meeting all the Canslim > rules > >is to set a weight to each principle such that they total, say, 100. > >E.g., I heavily weight my OBV/MF indicator such that if both > criterion > >are not met, I don't buy [except when I take a flyer and fly by the > seat > >of my pants]. If the OBV/MF indicator is go, then I use the 3/7/10 > EMA > >to find an entry point. Without a buy from the EMA, I don't take a > >position. I just watch. > > > >If you will set a weight to each Canslim requirement [and Tom could > help > >here] and then arbitrarily set a cumulative base number, say, to 85, > or > >whatever number you chose, you will avoid missing some of the early > rise > >in the stock price. The larger the number, the later your entry. In > > >some instances, you might have a base number high enough such that > one > >of the Canslim requirements might be ignored. > > > >If you're uneasy about a stock that sits on your base number or > nearby, > >follow this sequence: [1] choose a 3-number EMA to determine an entry > > >point; and you can use the EMA for exit also; [2] look at both the > >SlowStochastic and FastStochastic [recall that when you call up the > >SlowStochastic there is within that indicator two lines, one fast and > > >one slow; same is true of the FastStochastic]; [3] check the MACD; > this > >can give give a buy or sell signal, but I use it only for a general > >confirmation; this is a lagging indicator. These are my arbitrary > >choices; if you've others, look at them. But don't let the addition > of > >further indicators again make you non-plussed. > > > >Always remember not to get too cute with indicators. Some software > I've > >had offered over 50. I look at six or seven at most, but I never > lose > >sight of the weight I put in my OBV/MF and 3/7/10. I buy all the > >groceries and pay the rent with just these few. > > > >I see some of you attend to the standard moving averages. A 10 EMA > is > >really jerky. The 40 and 50 EMAs are smoother and are used by > >everyone. Then come the conservative 100 and 200. But if you let > these > >carry weight, you have further complicated the significance of your > >weighted Canslim base number. I have a friend who makes spending > money > >by trading long and short off the 20 EMA. Whatever works for you is > >what you must learn to give weight to. Vary from that strategy and > you > >are inviting problems. > > > >You can believe with 100 percent assurance that O'Neill does not > follow > >his principles without fail. Surely no one is naive enough to > believe > >that the information he gives to institutions and wealthy individuals > > >comes from his books and writings. And to believe that this > information > >would be what you and I would receive is to play at ducks and geese. > > > >You ought to look at all paid-for market information as a punitive > >expedition against naive and amateur market players. To believe > >otherwise is to believe that prices ought to break out on all three > >sides of a triangle before you take a position. > > > >It's better to be punished for original sin than not to have your > >indicators weighted and orderly--and not to believe in yourself. > > > >Connie Mack > > > > > > > >- > > > > > > - - - ------------------------------------------------------------------------------- From: rolatzi Subject: [CANSLIM] State of the Market Date: 24 Jan 1999 09:31:48 -0800 (PST) The following is my weekly scan of the market data. The DJ30 is noticeably weaker than the other indices. It showed a reversal and compression on the last three days of trading. In addition, the Elder MACD histogram hit a maximum on 1/12/99 and has been declining since. Neither the NYSE or NASDAQ showed reversals on increased volume last week. With regard to the Elder MACD histogram the NYSE it a maximum on 1/11/99 and NASDAQ hit a maximum on 1/20/99. This suggests a possible correction on the NASDAQ. Ciao, Rolatzi Symbol, Date, Hi, Low, Close, Vol, MACD !DJ30,12/22/1998,9122.99,8909.29,9044.46, 58.51, 86.09 !DJ30,12/23/1998,9255.84,9022.58,9202.03, 58.32, 87.96 !DJ30,12/24/1998,9289.57,9146.42,9217.99, 20.21, 89.70 !DJ30,12/28/1998,9330.50,9133.54,9226.75, 45.91, 91.17 !DJ30,12/29/1998,9375.30,9152.34,9320.98, 51.15, 93.85 !DJ30,12/30/1998,9390.75,9211.30,9274.64, 48.25, 95.24 !DJ30,12/31/1998,9343.64,9106.77,9181.43, 53.40, 94.68,Compress !DJ30,01/04/1999,9393.84,9089.00,9184.27, 89.41, 93.95 !DJ30,01/05/1999,9389.46,9137.66,9311.19, 79.86, 95.14 !DJ30,01/06/1999,9608.05,9315.42,9544.97, 10.34, 99.87 !DJ30,01/07/1999,9616.29,9369.12,9537.76, 88.29,103.77,Reversal !DJ30,01/08/1999,9759.44,9447.91,9643.32,103.25,108.79 !DJ30,01/11/1999,9751.46,9446.36,9619.89, 98.72,112.65 !DJ30,01/12/1999,9680.40,9394.87,9474.68, 95.68,113.41 !DJ30,01/13/1999,9485.24,9134.06,9349.56,109.06,111.67,Compress !DJ30,01/14/1999,9380.20,9052.44,9120.93, 90.51,105.93 !DJ30,01/15/1999,9381.74,9124.02,9340.55, 79.44,104.06 !DJ30,01/19/1999,9499.14,9165.73,9355.22, 76.36,102.28 !DJ30,01/20/1999,9552.44,9230.35,9335.91,105.22,100.03,Reversal !DJ30,01/21/1999,9377.36,9228.55,9264.08,106.80, 96.46,Compress !DJ30,01/22/1999,9289.31,8998.89,9120.67,104.63, 90.50 !NYA ,12/22/1998,580.82,574.13,578.75, 7.45, 6.49 !NYA ,12/23/1998,589.58,578.66,588.95, 6.88, 6.68 !NYA ,12/24/1998,589.94,587.82,589.07, 2.47, 6.84 !NYA ,12/28/1998,591.05,587.18,589.01, 5.33, 6.97,Reversal !NYA ,12/29/1998,597.05,587.32,597.05, 5.89, 7.20 !NYA ,12/30/1998,597.86,593.68,594.27, 6.00, 7.35,Reversal !NYA ,12/31/1998,597.82,592.70,595.81, 7.55, 7.49 !NYA ,01/04/1999,602.83,590.47,594.12, 8.85, 7.57,Reversal !NYA ,01/05/1999,600.24,594.00,599.91, 7.81, 7.72 !NYA ,01/06/1999,611.05,599.88,611.01, 7.84, 8.02 !NYA ,01/07/1999,611.01,604.47,609.19, 8.59, 8.24,Compress !NYA ,01/08/1999,612.20,605.86,611.06, 9.42, 8.45 !NYA ,01/11/1999,611.06,600.06,604.04, 8.17, 8.50 !NYA ,01/12/1999,604.04,593.61,594.59, 7.96, 8.36 !NYA ,01/13/1999,595.50,579.76,590.72, 9.34, 8.15,Compress !NYA ,01/14/1999,591.56,579.71,581.07, 7.97, 7.77 !NYA ,01/15/1999,593.40,581.07,593.39, 7.98, 7.61 !NYA ,01/19/1999,596.86,588.34,594.83, 7.88, 7.46 !NYA ,01/20/1999,602.11,593.07,596.09, 9.11, 7.33 !NYA ,01/21/1999,596.45,586.57,588.03, 8.73, 7.06 !NYA ,01/22/1999,588.03,580.73,583.75, 7.80, 6.71 !COMP,12/22/1998,2144.60,2105.50,2120.90, 0.91, 46.15 !COMP,12/23/1998,2172.50,2134.20,2172.50, 0.97, 47.88 !COMP,12/24/1998,2171.30,2162.60,2163.00, 0.45, 49.15 !COMP,12/28/1998,2190.10,2163.00,2180.30, 0.87, 50.47 !COMP,12/29/1998,2186.10,2161.80,2181.70, 0.92, 51.56 !COMP,12/30/1998,2196.60,2160.90,2166.90, 0.93, 52.15,Reversal !COMP,12/31/1998,2200.60,2165.70,2192.60, 0.89, 52.97 !COMP,01/04/1999,2233.50,2192.60,2208.00, 0.94, 53.83 !COMP,01/05/1999,2251.70,2206.40,2251.20, 0.95, 55.18 !COMP,01/06/1999,2320.90,2286.10,2320.80, 1.26, 57.42 !COMP,01/07/1999,2333.70,2284.20,2326.00, 1.21, 59.38 !COMP,01/08/1999,2369.50,2314.90,2344.40, 1.29, 61.31 !COMP,01/11/1999,2384.70,2348.20,2384.50, 1.15, 63.55 !COMP,01/12/1999,2396.30,2320.20,2320.70, 1.11, 64.34 !COMP,01/13/1999,2353.30,2205.60,2316.80, 1.20, 64.81,Compress !COMP,01/14/1999,2338.20,2276.30,2276.80, 1.02, 64.38 !COMP,01/15/1999,2348.70,2276.80,2348.20, 1.01, 64.98 !COMP,01/19/1999,2408.40,2348.20,2408.10, 1.07, 66.35 !COMP,01/20/1999,2474.30,2414.80,2415.40, 1.29, 67.51 !COMP,01/21/1999,2403.50,2335.70,2344.70, 1.09, 67.18 !COMP,01/22/1999,2365.11,2303.82,2338.88, 1.02, 66.58 _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Carter Diggs Subject: [CANSLIM] Newbie M watch Date: 24 Jan 1999 15:49:21 -0500 I have been studying CANSLIM for about 9 months now and have posted occasionally and communicated privately with a few members. I have done a total of 9 trades and have yet to make money (although on two occasions I was up 17-19% at one point before the breakouts failed). I'm now trying to regroup and study my shortcomings and am becoming a little braver about posting. So just quiet me down if I am cluttering up the list too much! Today's question: WON says to stand aside if M is not favorable. In this market this seems to me to change very frequently. The IBD "Big Picture" section implies (to my inexperienced ears) that last week's DJII decline 3 days in a row with an A/D rating of D is nothing to worry about since "pullbacks on receding volume are a sign of a normal market". But what does this mean if I had a breakout of a stock on my watch list on Friday? Should I pass it up until M resumes it upward trend? A second (somewhat related) question has to do with ordering over the weekend. A recent post advised one should never do it, but rather wait to see what happens on opening on Monday. This is hard for me since I have a day job and am engaged in it when the market opens, Any advice will be appreciated! Carter. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Newbie M watch Date: 24 Jan 1999 20:38:56 -0500 Hello Carter, First, and this goes for all members and esp the other newbies to the market and/or CANSLIM, as well as all the lurkers: the only dumb question is the one you didn't ask before entering the trade. After that, you're often dealing with damage control, not making money. And any On Topic (e.g. CANSLIM) question or post is hardly "cluttering up" this forum, esp lately. Evaluating "M" is considered by most to be the hardest part of CANSLIM. Part of this difficulty is that it is so subjective, but a bigger part lies in establishing what represents the "part" of the market you are concerned with. Altho the Dow30 remains the most highly watched and mentioned "index" of the market, it hardly represents any breadth of the market consisting solely of 30 very large corps. It has been a decade or more since I considered this index in any decision making other than "sentiment". It is important psychologically, and that's it IMHO. The NYSE Composite is a much broader measure of mkt conditions, and has been looking pretty ugly for a while, RS in particular continues a several month long down trend. Looking at the S&P500 can give you a better picture of a popular index with more breadth. And while the Nasdaq Composite index is probably the best looking one of the most widely followed, it is important to recognize that much of its "leadership" and price improvement came from the net stocks that, for the most part, lack earnings and are way overvalued by most standards. Thus far in January, I believe the Dow 30 and the NYSE Composite are down for the year, while the S&P500 and Russell 2000 are at a breakeven, and Naz Comp is holding onto about a 4.5% gain. If I were to judge solely by this, I would likely be mostly or totally in cash, instead I am still fully invested with only small and micro cap stocks, and I am still up about 12%. I don't judge "M" solely on indexes, rather since I am a long term investor, I include lots of other stuff including economics both domestically and globally; currency exchange rates; bonds and interest rates; international events, etc. Because of my background and experience, I am able to absorb all this into what, ultimately, becomes mostly a "gut feel" for "M". Most investors can't do this, and need to develop their own system for what works for them. Bottom line on "M" for me is to pay attention to each individual stock. If a stock is performing weakly in a strong market (per whatever indexes you use), then be careful, esp if it is approaching a 50 or 200 dma, or your stop loss point, or you just want to protect paper profits. "M" for me is part of an overall, very broad, background within which I try to judge each individual stock on its own merits and weaknesses. As for entering orders (buy or sell) over the weekend, I never do it. I spend about 1-2 hours every morning examining what is happening and anticipate what the mkt may do that day. In particular, I check what the Asian mkts did the prior night (and usually have watched their opening as well for comparison of the overnight trend); what is Europe doing halfway or so thru their day; what is happening in the currency mkts; and the futures for NY and Nasdaq. This only takes 10 minutes or so max. This gives me some clues to how the US mkts will open. I also check the latest up/down volume ratio on every stock I own (at DGO) as well as check each stock I own and ones on my "hot" list at BigCharts for tech indicators. If I am contemplating either a buy or sell that day, then this review will "flavor" what I do, may lead to entering a limit order well off the mkt, or just doing nothing and hoping that I will have the time during the day to check the mkt. But rarely will I enter any mkt order unless I am able to watch the mkt and get real time quotes at the same time. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I have been studying CANSLIM for about 9 months now and have posted occasionally and communicated privately with a few members. I have done a total of 9 trades and have yet to make money (although on two occasions I was up 17-19% at one point before the breakouts failed). I'm now trying to regroup and study my shortcomings and am becoming a little braver about posting. So just quiet me down if I am cluttering up the list too much! Today's question: WON says to stand aside if M is not favorable. In this market this seems to me to change very frequently. The IBD "Big Picture" section implies (to my inexperienced ears) that last week's DJII decline 3 days in a row with an A/D rating of D is nothing to worry about since "pullbacks on receding volume are a sign of a normal market". But what does this mean if I had a breakout of a stock on my watch list on Friday? Should I pass it up until M resumes it upward trend? A second (somewhat related) question has to do with ordering over the weekend. A recent post advised one should never do it, but rather wait to see what happens on opening on Monday. This is hard for me since I have a day job and am engaged in it when the market opens, Any advice will be appreciated! Carter. - - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - January 22, 1999 - Condensed Version Date: 24 Jan 1999 21:10:58 -0500 Evening All, We added a few back up to 189 this week. Trade well, Ron Symbol EPS RS GRS ERG A/D Close 30 ADV AAS 90 87 82 259 B $ 80.690 90,507 ABTE 77 92 89 258 A $ 10.250 551,250 ACS 94 88 92 274 B $ 46.190 164,530 ACSC 99 90 68 257 A $ 14.060 83,590 ADCT 94 91 88 273 A $ 35.750 1,751,217 AEOS 77 97 86 260 A $ 61.380 306,390 AGN 86 90 90 266 B $ 69.750 274,367 AGPH 76 93 94 263 A $ 53.630 612,743 AHAA 71 98 98 267 A $ 37.250 278,703 ALTR 88 93 98 279 A $ 60.060 2,257,717 AMGN 88 95 94 277 A $ 114.630 2,849,180 AMXX 73 93 96 262 B $ 11.940 82,483 ANF 99 96 86 281 A $ 69.750 466,523 AOL 77 99 99 275 A $ 140.440 16,324,533 APCC 90 88 90 268 A $ 45.810 702,587 APCO 96 91 91 278 A $ 13.500 115,577 ARX 85 94 81 260 B $ 17.440 122,603 ASMLF 77 93 99 269 A $ 43.940 1,473,140 ASND 97 96 97 290 A $ 79.190 7,568,214 ATI 95 95 85 275 B $ 93.880 4,394,597 AVEI 99 94 76 269 A $ 52.000 1,162,640 AXNT 72 94 95 261 A $ 36.500 432,647 BBBY 96 89 78 263 A $ 32.750 1,114,107 BBRC 84 85 98 267 B $ 25.750 150,310 BBY 76 97 91 264 B $ 79.250 1,358,587 BRL 91 85 80 256 A $ 43.630 123,340 CAH 91 85 82 258 B $ 73.060 649,623 CBXC 97 97 90 284 A $ 31.880 125,950 CCL 92 88 65 245 A $ 42.630 2,822,980 CDWC 98 92 94 284 A $ 90.000 203,220 CEFT 98 94 77 269 A $ 37.630 860,060 CHCS 79 98 86 263 A $ 27.750 97,543 CHKPF 98 92 95 285 A $ 40.880 1,085,733 CLFY 88 94 93 275 B $ 22.000 270,027 CMED 97 93 76 266 A $ 11.810 220,453 CMGI 77 99 91 267 A $ 94.630 4,211,294 CMVT 97 96 88 281 A $ 78.880 685,187 CNMD 93 85 66 244 A $ 30.500 118,407 COF 87 91 77 255 A $ 128.690 461,137 COGIF 98 94 93 285 A $ 24.000 110,137 CPWR 98 88 93 279 A $ 65.810 4,344,296 CREE 99 97 98 294 A $ 42.000 328,247 CSCO 97 96 97 290 A $ 102.810 16,663,127 CTAS 91 91 84 266 A $ 73.000 339,633 CTL 87 91 89 267 A $ 65.060 266,367 CTS 93 91 96 280 A $ 45.630 126,343 CTXS 97 91 93 281 A $ 87.250 964,867 DDDDF 99 97 93 289 A $ 48.000 111,167 DELL 99 96 92 287 A $ 83.000 15,060,909 DH 78 90 70 238 B $ 59.940 2,061,460 DMMC 73 85 93 251 B $ 17.940 162,233 DRTE 77 91 87 255 B $ 26.940 380,510 DSP 96 93 98 287 A $ 19.500 364,187 DV 90 91 62 243 A $ 28.880 124,823 DY 96 96 65 257 A $ 38.250 217,005 ECILF 93 88 88 269 A $ 39.630 627,063 EDMC 99 86 62 247 A $ 23.060 167,257 EFII 82 96 93 271 A $ 36.690 1,080,530 EMC 96 97 98 291 A $ 98.500 3,714,097 ESRX 96 95 82 273 A $ 66.060 128,560 ETEC 91 85 99 275 A $ 50.630 407,527 FLEX 98 96 98 292 A $ 40.000 716,140 FM 96 91 71 258 A $ 23.940 193,030 GDT 98 93 90 281 A $ 107.130 715,847 GENZ 90 93 94 277 B $ 49.250 1,429,417 GEOC 84 98 93 275 A $ 38.310 291,127 GILTF 96 92 88 276 A $ 55.500 129,677 GPS 97 95 86 278 A $ 59.440 1,778,473 GUC 80 95 86 261 A $ 72.880 929,500 HD 93 91 66 250 A $ 55.940 4,149,454 HLYW 83 98 78 259 B $ 32.880 479,427 IBI 84 92 86 262 A $ 35.880 690,787 IBM 90 91 89 270 B $ 179.750 4,448,420 INSS 99 96 92 287 A $ 62.500 217,607 INTC 84 92 98 274 A $ 128.880 15,301,844 INTL 95 87 88 270 B $ 24.000 163,370 IONAY 98 95 93 286 A $ 43.880 144,660 IPG 88 89 85 262 A $ 75.440 395,150 ITWO 99 85 93 277 A $ 29.500 866,700 JEF 81 92 82 255 B $ 53.500 100,790 JNY 93 87 84 264 A $ 28.500 595,337 JVLN 77 89 83 249 A $ 13.000 138,017 KRB 95 85 77 257 A $ 27.630 4,471,447 KROG 80 96 73 249 A $ 40.880 135,850 LEVL 88 92 98 278 A $ 39.940 754,523 LGTO 99 96 93 288 A $ 59.940 728,270 LLTC 82 92 98 272 A $ 98.940 965,327 LOW 92 94 66 252 B $ 52.810 1,496,027 LSON 93 90 91 274 A $ 59.500 168,493 LU 95 91 88 274 A $ 103.310 7,353,436 LXK 98 95 90 283 A $ 99.250 471,493 MARG 94 98 91 283 A $ 14.060 252,837 MBRS 82 87 91 260 B $ 35.630 96,837 MCRL 98 94 98 290 A $ 53.880 195,697 MCSC 98 94 61 253 B $ 25.190 88,857 MEDQ 95 93 91 279 B $ 35.500 284,710 MELI 94 95 88 277 A $ 20.500 98,703 MERQ 72 89 93 254 A $ 50.750 309,543 METZ 99 86 91 276 A $ 43.250 293,693 MHP 83 89 88 260 B $ 113.310 334,317 MMGR 98 86 87 271 A $ 34.250 166,017 MMS 88 88 91 267 A $ 38.380 174,410 MNMD 98 97 90 285 B $ 108.630 139,220 MRX 98 90 78 266 A $ 63.190 119,677 MSFT 99 93 97 289 A $ 156.250 13,995,186 MTP 82 90 62 234 B $ 52.190 166,880 MXIM 95 91 98 284 A $ 51.440 1,405,047 MXWL 71 89 68 228 B $ 37.000 102,617 MYG 95 89 79 263 A $ 63.630 437,007 NCOG 98 92 91 281 A $ 39.500 106,727 NDC 96 87 92 275 A $ 50.250 221,277 NLCS 89 93 93 275 B $ 37.130 163,390 NSIT 97 95 94 286 B $ 50.440 282,300 NSOL 84 99 92 275 A $ 178.000 1,004,767 NTAP 99 98 98 295 A $ 48.000 909,370 ODP 91 86 61 238 B $ 34.630 1,379,047 ORBKF 90 87 99 276 A $ 40.880 106,443 ORCL 97 97 93 287 A $ 49.880 9,819,101 OSI 72 87 85 244 B $ 27.940 410,267 OSTE 72 96 90 258 A $ 46.750 151,210 PDX 96 90 68 254 A $ 59.880 89,553 PE 78 88 62 228 B $ 38.190 679,907 PHCC 96 93 82 271 B $ 34.130 143,437 PLCE 95 98 86 279 A $ 24.630 183,603 PLXS 96 96 98 290 B $ 38.500 140,173 POS 88 88 85 261 A $ 68.380 97,593 POWI 71 98 81 250 B $ 31.380 299,323 PPDI 87 87 75 249 B $ 31.750 335,437 PRGS 78 94 93 265 B $ 34.250 160,010 PRGX 91 88 91 270 A $ 33.810 201,337 PSDI 93 93 93 279 A $ 30.940 90,067 PSEM 82 94 98 274 A $ 10.560 153,613 PVN 98 97 77 272 A $ 89.630 877,685 PVSW 76 96 93 265 A $ 18.880 104,130 QLGC 98 98 98 294 A $ 139.500 148,120 RCL 89 85 65 239 A $ 37.000 469,410 RESM 98 98 90 286 A $ 49.500 212,840 RFMD 80 99 96 275 A $ 65.130 524,360 RGIS 86 87 78 251 B $ 38.310 93,117 RX 90 89 92 271 A $ 38.310 950,237 SALT 99 97 79 275 A $ 25.250 100,837 SANM 97 95 98 290 A $ 66.750 996,553 SAPE 99 94 93 286 A $ 70.750 391,963 SCH 93 97 82 272 A $ 57.500 2,332,222 SCI 77 89 96 262 B $ 53.190 531,350 SDG 86 89 76 251 A $ 112.000 183,850 SDTI 71 95 90 256 B $ 25.810 1,712,660 SEBL 99 92 93 284 A $ 34.750 1,194,190 SLR 94 95 96 285 A $ 85.130 1,491,823 SNPS 95 91 93 279 A $ 55.130 582,510 SONC 87 87 71 245 A $ 24.880 95,123 SORC 75 96 91 262 A $ 11.500 129,497 SPLS 98 93 61 252 B $ 39.940 3,114,300 SPNSF 77 92 93 262 A $ 10.440 290,440 SUNW 94 97 92 283 A $ 98.000 8,286,217 SWY 95 87 67 249 A $ 54.000 1,558,903 SYKE 99 92 91 282 A $ 29.380 500,937 T 85 89 89 263 B $ 88.250 7,826,464 TAGS 97 98 84 279 A $ 39.630 97,893 TCAT 80 90 96 266 A $ 38.280 343,957 TECH 87 88 94 269 A $ 23.000 152,503 TGO 90 95 89 274 B $ 40.310 341,283 THQI 99 91 77 267 A $ 25.810 210,287 TIF 88 92 69 249 A $ 60.060 307,840 TJX 92 89 86 267 B $ 29.190 1,006,757 TLAB 98 86 88 272 A $ 79.630 3,288,253 TMPW 85 93 85 263 B $ 43.910 523,843 TOM 99 90 84 273 A $ 66.880 401,760 UNPH 91 92 88 271 A $ 72.810 666,423 USM 81 85 85 251 B $ 43.500 132,833 UVSGA 93 95 75 263 A $ 28.250 179,583 VISX 77 99 95 271 A $ 56.630 699,193 VOD 96 94 85 275 A $ 187.380 650,333 VRTS 99 96 93 288 A $ 77.000 749,803 VTSS 97 95 98 290 A $ 48.750 1,250,243 WAG 85 90 74 249 B $ 58.440 1,232,190 WAT 97 90 70 257 A $ 82.500 130,933 WCOM 81 93 89 263 B $ 74.880 13,480,523 WHIT 99 92 92 283 A $ 30.880 411,370 WMT 88 91 70 249 B $ 82.000 3,075,234 WPI 93 86 80 259 A $ 56.060 361,063 WSM 92 89 93 274 A $ 34.880 267,983 WTSLA 89 85 86 260 A $ 33.440 149,990 XIRC 77 98 97 272 A $ 42.000 336,867 XLNX 79 96 98 273 A $ 78.190 2,222,820 XLSW 98 93 88 279 A $ 32.750 133,227 XOMD 99 92 76 267 B $ 33.560 162,197 YHOO 84 99 99 282 B $ 286.000 7,079,974 ZQK 95 94 84 273 A $ 30.440 142,230 - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Newbie M watch Date: 24 Jan 1999 21:08:13 -0800 Date sent: Sun, 24 Jan 1999 15:49:21 -0500 > Today's question: WON says to stand aside if M is not favorable. In > this market this seems to me to change very frequently. The IBD "Big > Picture" section implies (to my inexperienced ears) that last week's > DJII decline 3 days in a row with an A/D rating of D is nothing to worry > about since "pullbacks on receding volume are a sign of a normal > market". But what does this mean if I had a breakout of a stock on my > watch list on Friday? Should I pass it up until M resumes it upward > trend? If the market acts ok on Monday, probably ok to make a new commitment. If it is down, I wouldn't buy regardless of what the stock I had my eye on on Friday was doing. > > A second (somewhat related) question has to do with ordering over the > weekend. A recent post advised one should never do it, but rather wait > to see what happens on opening on Monday. This is hard for me since I > have a day job and am engaged in it when the market opens, There are plenty of exceptions, but I think generally speaking, avoiding the market completely during the first hour of trading is a good idea, and entering a blind order for the open without knowing what the market will do is probably a bad idea. I especially think the first hour of trading should be avoided if you are long stocks and the market looks to be opening on a down note. Frequently there is a knee jerk downward spike in all stocks on such days, followed by a gradual recovery through the day, and if you sell into that morning panic, you are selling at the lows of the days. If something is down at your sell threshold, say a few percent loss, you should still give it some time to find its balance in the morning, if it doesn't seem to want to recover, then exit. As far as your job, seems like most brokers have some sort of automated quote system via phone, you should try to set that up, then take a mid-morning break and check your watchlist. BTW, this can change significantly before tomorrow, but early Globex trading of index futures here on Sunday night indicates a weak opening tomorrow. - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Newbie M watch Date: 25 Jan 1999 03:52:26 -0500 Carter, The few times I did try to trade early in the day I was sorry I did. Last Friday was the last time I will ever try that. I too am finding this somewhat more formidable than I had anticipated. However I wont give up. I have less experience that you do but Tom sounds like he is giving us some good advice. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Carter Diggs > Sent: Sunday, January 24, 1999 3:49 PM > To: canslim-digest@lists.xmission.com > Subject: [CANSLIM] Newbie M watch > > > I have been studying CANSLIM for about 9 months now and have posted > occasionally and communicated privately with a few members. I have done > a total of 9 trades and have yet to make money (although on two > occasions I was up 17-19% at one point before the breakouts failed). I'm > now trying to regroup and study my shortcomings and am becoming a little > braver about posting. So just quiet me down if I am cluttering up the > list too much! > > Today's question: WON says to stand aside if M is not favorable. In > this market this seems to me to change very frequently. The IBD "Big > Picture" section implies (to my inexperienced ears) that last week's > DJII decline 3 days in a row with an A/D rating of D is nothing to worry > about since "pullbacks on receding volume are a sign of a normal > market". But what does this mean if I had a breakout of a stock on my > watch list on Friday? Should I pass it up until M resumes it upward > trend? > > A second (somewhat related) question has to do with ordering over the > weekend. A recent post advised one should never do it, but rather wait > to see what happens on opening on Monday. This is hard for me since I > have a day job and am engaged in it when the market opens, > > Any advice will be appreciated! > > Carter. > > > - > - ------------------------------------------------------------------------------- From: "Dave Wood" Subject: [CANSLIM] leadership Date: 25 Jan 1999 09:35:43 -0500 Hi everyone, A note of caution! Of the 15 best performing IRLs (qp2) since the market bottomed in October, 9 have experienced key reversal weeks sometime over the last three weeks. Two others experienced KRW earlier, and only four have not. - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] leadership Date: 25 Jan 1999 13:54:36 -0500 Dave, Nice post. I found the information useful. The market does seem to be spinning its wheels here. A couple of questions: 1. How did you identify the data in qp2? IE. How did you identify the best performing IRLs 2. How do you identify a KRW? What makes it a "key reversal"? Thanks again for the post. Best Regards, Craig PS. If you have the time, could you also list the leading IRL's symbols or names? At 09:35 AM 1/25/99 -0500, you wrote: >Hi everyone, > A note of caution! Of the 15 best performing IRLs (qp2) since the market >bottomed in October, 9 have experienced key reversal weeks sometime over the >last three weeks. Two others experienced KRW earlier, and only four have >not. - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] leadership Date: 25 Jan 1999 12:38:57 -0700 > -----Original Message----- > From: Craig Griffin [SMTP:cagriffin@mindspring.com] > Sent: Monday, January 25, 1999 11:55 AM > 2. How do you identify a KRW? What makes it a "key reversal"? > [Wahl, Patrick] A Key Reversal occurs when a stock makes a new intraday high, but then closes lower than the previous day's close (or week in the case discussed here). - ------------------------------------------------------------------------------- From: Carter Diggs Subject: [CANSLIM] Thanks, Tom & Patrick Date: 25 Jan 1999 23:55:46 -0500 Thanks so much for your comprehensive and thoughtful responses; I will save them for careful and frequent study. And hang in there Charlie! We'll learn this thing yet!! - ------------------------------------------------------------------------------- From: "David S. Pinhasik" Subject: [CANSLIM] imaxf - help! Date: 26 Jan 1999 09:52:42 +0200 I'm totally depressed. Goldman Sachs axed imaxf from their list and it fell over 6 points on like 20X volume. (suretrade does not allow stops on small caps) Besides a stiff drink, what do you folks think would be the proper behavior? I have seen rebounds before, but the canslim philosophy would probably say GET OUT quickly. Any advice? Down in the Dumps David - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] imaxf - help! Date: 26 Jan 1999 06:55:52 -0500 >I'm totally depressed. Goldman Sachs axed imaxf from their list and it fell >over 6 points on like 20X volume. (suretrade does not allow stops on small >caps) > >Besides a stiff drink, what do you folks think would be the proper behavior? >I have seen rebounds before, but the canslim philosophy would probably say >GET OUT quickly. Any advice? use a broker who allow stops (ie e*trade) get out and move on two stiff drinks...and make 'em big whilst you're at it ) - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] imaxf - help! Date: 26 Jan 1999 07:40:38 -0500 Sorry David, but looks like you're in Damage Control mode now. BTW, I wouldn't call this a small cap, it had a market cap of nearly a billion dollars before yesterday. The fall took it way thru the closest support, the 50 DMA, and nearly thru the 200 DMA. It stopped at the next logical support, and could rebound from there, but the damage is done. Don't know where the RS was before, but is now 67. Management has only a small stake in its price (10% ownership) while funds had (and I emphasize the past tense) a 21% ownership of the float. I suspect some of that volume yesterday was one of more funds dumping. Even with the drop, the PE trailing is still high at 48, and the earnings and sales lack consistency so difficult to say how solid the projected PE may be. I also note very high (200%) debt. Before I paniced completely, I would try to learn why it was downgraded. Had it simply met a price target, or was there a perception of negative change in its fundamentals (e.g. lower profit margins, slowing sales, etc). Once I knew this, I would be able to make a better decision on whether to bail immediately; hold for a few days and see if it rebounds at all; sell some covered calls on it; etc (for me it wouldn't be a long term hold at this stage, just short term to see if some of the damage can be undone). Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I'm totally depressed. Goldman Sachs axed imaxf from their list and it fell over 6 points on like 20X volume. (suretrade does not allow stops on small caps) Besides a stiff drink, what do you folks think would be the proper behavior? I have seen rebounds before, but the canslim philosophy would probably say GET OUT quickly. Any advice? Down in the Dumps David - - ------------------------------------------------------------------------------- From: "David S. Pinhasik" Subject: Re: [CANSLIM] imaxf - help! Date: 26 Jan 1999 15:28:30 +0200 >Before I paniced completely, I would try to learn why it was >downgraded. Had it simply met a price target, or was there a >perception of negative change in its fundamentals (e.g. >lower profit margins, slowing sales, etc). Thanks, Tom. The following is the reasoning behind the downgrade as found in CBS Marketwatch: "Simon now rates the shares "market outperformer." In a research note, Simon said the stock has jumped 50 percent since January 1998, compared to a 26-percent increase in the S&P 500. He also said the company's "transition" to a "more commercial" mix of theaters will "add additional variables and risk" to Imax's 1999 earnings picture." On one hand, it seems that it simply met the price target that you mentioned. On the other hand, Simon is considering possible earnings risks. >Once I knew this, >I would be able to make a better decision on whether to bail >immediately; hold for a few days and see if it rebounds at >all; sell some covered calls on it; etc (for me it wouldn't >be a long term hold at this stage, just short term to see if >some of the damage can be undone). I agree with you - I want to part with this one ASAP. However, my gut feeling is since the main reason was market outperformance, some bargain shoppers will not be able to resist. If that is true, do you think they will grab immediately, or wait to see if more panic-ridden investors will continue to bail out? How long should I wait and see? David. (not drunk enough) >Tom W >stkguru@netside.net >ICQ # 5568838 > > >-----Original Message----- >From: David S. Pinhasik >To: canslim@lists.xmission.com >Date: Tuesday, January 26, 1999 2:56 AM >Subject: [CANSLIM] imaxf - help! > > >I'm totally depressed. Goldman Sachs axed imaxf from their >list and it fell >over 6 points on like 20X volume. (suretrade does not allow >stops on small >caps) > >Besides a stiff drink, what do you folks think would be the >proper behavior? >I have seen rebounds before, but the canslim philosophy >would probably say >GET OUT quickly. Any advice? > >Down in the Dumps David > > >- > > > >- > - ------------------------------------------------------------------------------- From: DS Subject: Re: [CANSLIM] imaxf - help! Date: 26 Jan 1999 07:57:50 -0600 "David S. Pinhasik" wrote: > > I'm totally depressed. Goldman Sachs axed imaxf from their list and it fell > over 6 points on like 20X volume. (suretrade does not allow stops on small > caps) > > Besides a stiff drink, what do you folks think would be the proper behavior? > I have seen rebounds before, but the canslim philosophy would probably say > GET OUT quickly. Any advice? > > Down in the Dumps David > > - David, I'm sorry to here about your situation. Most of us in this group can sympathize with you because it has happen to many of us. In these instanstances the chart doesn't "tell all" because the only way the market can factor in the new infomation is abruptly. You are now in a emotionally charged situation involving money. This is the worse situation a trader can be in! The only thing you SHOULD do is sell the stock AT MARKET this MORNING. You must save your capital from an even greater loss so you can live to trade another day. The most important thing for you to do is DEFINE your loss and put it behind you. It doesn't matter where the stock goes now your 8% CS loss rule has now been triggered. You bought a strong stock with good CS characteristics and it has not worked out. Look on the bright side......Assuming you bought the high and get out this morning on the open around 26 your loss is only 24%. This is not a devastating loss. Sell it and move on to the next one. Good Luck, DSquires - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] imaxf - help! Date: 26 Jan 1999 08:42:58 -0700 > -----Original Message----- > From: David S. Pinhasik [SMTP:dsap@shani.net] > Sent: Tuesday, January 26, 1999 12:53 AM > Besides a stiff drink, what do you folks think would be the proper > behavior? > I have seen rebounds before, but the canslim philosophy would probably > say > GET OUT quickly. Any advice? > > I am a fellow imaxf sufferer, fortunately I caught the drop mid-day and bailed out without even trying to figure out what was wrong. I agree with what others have said. You might look for a rebound in the next day or two, but don't turn this into a hold until you are even situation, just move on to the next stock. - ------------------------------------------------------------------------------- From: "David S. Pinhasik" Subject: [CANSLIM] imaxf - GOOD NEWS Date: 26 Jan 1999 17:32:18 +0200 This is really TOO good to be true. I'll spare you all the long gory details. When I entered my sell order now, it was rejected. Why? Because, due to a form that they claim I never signed, my original order never went through!! (i.e. I never made any money, I never lost any money!!!) They sent me an order confirmation, but they never send an actual execution confirmation. They said I am supposed to check my executions screen, which I never did, assuming it just went through. I still cannot believe this!!! Thanks to all for your comments. I learned a lot (possibly, NOT to be using Suretrade) David - ------------------------------------------------------------------------------- From: "Dave Wood" Subject: [CANSLIM] kEY REVERSALS Date: 26 Jan 1999 10:37:44 -0500 Craig, For me, the best feature of qp2 is the 'scan'. All I did was set a start date which I chose as 10/9/98 - the day the Dow set its bottom ( this was 71 trading days). Then I told the program to scan only the IRLs - it's that simple. Here is the output - at least the top fifty. a KRW occurs when a stock or index makes a new high during the week, but closes unchanged or down for the week. Dave Daily index report. 71 day performance. Created 01/26/1999 Percent 01/22/99 10/09/98 Change Price Price 1 !ID047 Comp-Internet 181.907 1027.50 364.48 2 !ID167 Retail-Mail Ord 147.554 285.73 115.42 3 !ID069 Elec-Semi Equip 130.368 143.45 62.27 4 !ID063 Elec-Lasers Sys 109.519 158.04 75.43 5 !ID173 Retail/Whl-Cmput 106.526 176.91 85.66 6 !ID161 Retail-Cnsm Elct 97.637 366.22 185.30 7 !ID070 Elec-Semi Mfg 96.874 173.82 88.29 8 !ID048 Comp-Local Nets 95.049 125.28 64.23 9 !ID050 Comp-Mem Devices 91.748 147.09 76.71 10 !ID077 Fncl-Invest Bkrs 80.484 234.81 130.10 11 !ID181 Telecomm-Cellulr 77.612 240.93 135.65 12 !ID169 Retail-Misc 73.461 206.80 119.22 13 !ID129 Media-Cable TV 72.983 326.38 188.68 14 !ID066 Elec-Misc Parts 72.493 143.29 83.07 15 !ID055 Comp-Software 70.565 168.16 98.59 16 !ID183 Telecomm-Svcs 63.202 195.50 119.79 17 !ID182 Telecomm-Equip 63.102 150.07 92.01 18 !ID029 BusSvc-Adver 61.817 223.21 137.94 19 !ID035 BusSvc-Misc 61.088 184.14 114.31 20 !ID054 Comp-Services 58.943 160.85 101.20 21 !ID042 Comp-Educ/Entert 56.548 148.83 95.07 22 !ID163 Retail-Discount 55.595 233.33 149.96 23 !ID046 Comp-Intgr Sys 54.661 156.13 100.95 24 !ID051 Comp-Mini/Micro 54.606 294.54 190.51 25 !ID175 Retail/Whl-Jewel 54.183 138.95 90.12 26 !ID075 Fncl-Cnsumr Loan 54.129 123.38 80.05 27 !ID079 Fncl-Misc Svc 53.399 173.51 113.11 28 !ID044 Comp-Graphics 52.760 109.04 71.38 29 !ID043 Comp-Financial 52.659 163.36 107.01 30 !ID103 Hlth-Products 51.621 144.95 95.60 31 !ID078 Fncl-Invest Mgmt 50.820 160.97 106.73 32 !ID067 Elec-Misc Prduct 50.738 132.74 88.06 33 !ID160 Retail-Apprl/Sho 50.694 197.59 131.12 34 !ID131 Media-Periodical 50.006 130.19 86.79 35 !ID106 Hsehld-Appliance 49.642 150.33 100.46 36 !ID093 Hlth-Biomed/Gen 49.429 150.55 100.75 37 !ID008 Auto-Mfg U.S. 49.407 202.85 135.77 38 !ID132 Media-Radio/TV 49.296 185.65 124.35 39 !ID118 Leisur-Movies 49.168 156.88 105.17 40 !ID121 Leisur-Services 47.768 165.53 112.02 41 !ID058 Cnsumr-Misc Prd 47.527 148.53 100.68 42 !ID193 Transpt-Svcs 47.198 119.26 81.02 43 !ID184 Textile-Apparel 47.002 147.34 100.23 44 !ID188 Transpt-Airlne 45.866 169.38 116.12 45 !ID053 Comp-Peripheral 44.075 130.95 90.89 46 !ID111 Insur-Acc/Health 42.898 119.92 83.92 47 !ID122 Leisur-Toy/Game 41.965 165.02 116.24 48 !ID100 Hlth-Instruments 41.407 144.97 102.52 49 !ID037 BusSvc-Tmp Help 40.996 129.11 91.57 50 !ID166 Retail-Home Furn 40.500 179.98 128.10 - ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] imaxf - GOOD NEWS Date: 26 Jan 1999 10:39:04 -0500 I use two accounts online DLJ Direct and Datek. DLJ is 20 while Datek is 10. Service is exceptional at DLJ and poor at Datek. I requested a check from Datek one time and never received it, they credited my account as soon as I faxed them a letter saying I never received check, made me wonder if it was ever sent. DLJ sent me a check dated the same day of my request. DLJ has a decent stock evaluator/screen if you choose to use one. DLJ web site is pretty user friendly and appealing for those who care about those things. Sam David S. Pinhasik wrote: > This is really TOO good to be true. I'll spare you all the long gory > details. When I entered my sell order now, it was rejected. Why? Because, > due to a form that they claim I never signed, my original order never went > through!! (i.e. I never made any money, I never lost any money!!!) They sent > me an order confirmation, but they never send an actual execution > confirmation. They said I am supposed to check my executions screen, which I > never did, assuming it just went through. > > I still cannot believe this!!! > > Thanks to all for your comments. I learned a lot (possibly, NOT to be using > Suretrade) > > David > > - - ------------------------------------------------------------------------------- From: "The Jacksons" Subject: [CANSLIM] PRGS Date: 26 Jan 1999 09:28:35 -0500 Hello all,, Any comments on PRGS? Is the chart a high tight (loose?) flag?? A base on top of base?? thanks, Mark - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Time & Sales [Connie Mack] Date: 26 Jan 1999 11:40:55 -0500 Several have asked me about where to get Time & Sales numbers. Short of buying a service that has T&S included, you can see 15 minute delayed number below: http://www.allstocks.com/markets/9quotecom.htm Check out the bottons at the top. There are indicators available and other market info. Connie - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] kEY REVERSALS Date: 26 Jan 1999 12:00:55 -0500 Dave and Patrick, Thanks for the information! Best Regards, Craig - ------------------------------------------------------------------------------- From: Quan Tran Subject: [CANSLIM] LSON, a cup? Date: 26 Jan 1999 11:26:48 -0800 List members, I've been watching LSON for about a week now, it's trading around 64 1/2 right now. It looks like it's completing the cup pattern (started around 12/30/98). As a newbie learning to read C&H chart pattern, I would appreciate if someone would like to comment. Quan Tran qt@qware.com - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] LSON, a cup? Date: 26 Jan 1999 14:46:00 -0500 I am inexperienced too, but I have been watching this one too. I thought it was in a trading range going up and down, till yesterday of course when it popped up. I dont see a CWH, but dont listen to me I am practicaly a contrarian indicator lately. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Quan Tran > Sent: Tuesday, January 26, 1999 2:27 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] LSON, a cup? > > > List members, > > I've been watching LSON for about a week now, it's trading around > 64 1/2 right now. It looks like it's completing the cup pattern > (started around 12/30/98). As a newbie learning to read C&H chart > pattern, I would appreciate if someone would like to comment. > > Quan Tran > qt@qware.com > > > - > > - ------------------------------------------------------------------------------- From: rolatzi Subject: Re: [CANSLIM] LSON, a cup? Date: 26 Jan 1999 12:39:34 -0800 (PST) To my eye, LSON is breaking out from a C&H but a rather loose one. I was fooled by this one in November and lost a small amount of money when it dropped back. It looks to me like it will not have a large enough increase in volume in this breakout so it remains suspect in my eyes. It is just above its daily volume at 3:30 with only a half hour of trading left. Ciao, Rolatzi ---Quan Tran wrote: > > List members, > > I've been watching LSON for about a week now, it's trading around > 64 1/2 right now. It looks like it's completing the cup pattern > (started around 12/30/98). As a newbie learning to read C&H chart > pattern, I would appreciate if someone would like to comment. > > Quan Tran > qt@qware.com > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: mckeen@ix.netcom.com Subject: [CANSLIM] imaxf - GOOD News Date: 26 Jan 1999 15:01:47 -0600 (CST) David, Happy for you because I know how you felt, and I was starting to have that feeling all over again. You're lucky! Just make sure you remember this because I still have this sinking feeling each time I recall that one stock I bought early in the morning that fell to the tune of a $6,000 loss in a few hours. I held on "hoping" it would rebound a bit. Never did and I finally sold it at a great loss. A valuable lesson, nevertheless. Keep that luck, Mary - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Canslim Candidates/Elder Date: 26 Jan 1999 16:15:12 -0500 Hi Everyone; The market keeps on moving along. I cant seem to catch an entry point in the tech sector. Many are extended, to scary for me. I found out the hard way you can get hammered. I like ITWO, on the weekly chart it is a great CWH, on the daily it is a rectangle (I think). The trouble is I wont get into it till I see which way it is going up or down. There are a few others I am looking at but cant seem to find a conformable either. I know it is better to not trade than bad trade, just the same I would love to get back in About a month ago someone posted that in the archives there is a thread on the 3 chart system by Dr. Elder. I really like this guy's book. I have no idea if his system works, it does appear to me that using his suggestions you can filter out a portion of bad trades. He is very conservative, I need conservative as my personality type leans towards the aggressive trade = I loose money. Thanks Charlie - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] imaxf - GOOD News Date: 26 Jan 1999 16:24:43 -0500 Thought I would jump in here. I am happy for you too. Just Friday morning I had the opportunity to find out that I am not a day trader. It was a tough lesson. As DB always writes, Lessons are repeated till learned. This one is learned. I'm happy you were saved. I wont uses Suretrade. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > mckeen@ix.netcom.com > Sent: Tuesday, January 26, 1999 4:02 PM > To: canslim@xmission.com > Subject: [CANSLIM] imaxf - GOOD News > > > David, > > Happy for you because I know how you felt, > and I was starting to have that feeling > all over again. You're lucky! Just make > sure you remember this because I still > have this sinking feeling each time I recall > that one stock I bought early in the morning > that fell to the tune of a $6,000 loss in a > few hours. I held on "hoping" it would rebound > a bit. Never did and I finally sold it at a > great loss. A valuable lesson, nevertheless. > > Keep that luck, > Mary > > > > > - > > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] imaxf - GOOD News Date: 26 Jan 1999 16:29:20 -0500 Mary, Sorry you got hammered so hard. I dont know how long ago that was. Mine was not nearly as bad but it hurt just the same. I was positive the market was going down. I put in my stop. Then put a short sale order a tick below it. I was going to get my money back no matter what. What I did was get whipsawed. I found out that you need to have better software than E-Trade if you plan to day trade. By the time I could cover the stock was up six points from where I sold short. Being a hard head does not work in the market. I got it this time. What is really getting me is that I cant even make money in a bull market. That is really sad. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > mckeen@ix.netcom.com > Sent: Tuesday, January 26, 1999 4:02 PM > To: canslim@xmission.com > Subject: [CANSLIM] imaxf - GOOD News > > > David, > > Happy for you because I know how you felt, > and I was starting to have that feeling > all over again. You're lucky! Just make > sure you remember this because I still > have this sinking feeling each time I recall > that one stock I bought early in the morning > that fell to the tune of a $6,000 loss in a > few hours. I held on "hoping" it would rebound > a bit. Never did and I finally sold it at a > great loss. A valuable lesson, nevertheless. > > Keep that luck, > Mary > > > > > - > > - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] imaxf - GOOD NEWS Date: 26 Jan 1999 17:22:50 -0500 >I still cannot believe this!!! > >Thanks to all for your comments. I learned a lot (possibly, NOT to be using >Suretrade) David, i hope you view this as a unique learning opportunity....a chance to truly experience a trade going bad without the lose of money ( a paper trade with a kick )....congratulations....i do believe you should examine your broker affiliation, and whether you change it or not, understand it....aspire to record completed trades ASAP....it's your money, preserve it and utilize it accordingly....i'm happy that it worked out for you....jim - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: [CANSLIM] New IBD Industry Groups Date: 26 Jan 1999 21:26:12 -0500 For any of you Group Guru's out there, todays IBD contains the breakdown and stocks in the new I-Net Industry Groups. Also a combining of four old groups into 2. Specifically the Computer-Mainframes and Computer-Mini/Micro were combined into Computer-Manufacturers. Also Containers-Metal/Glass & Paper/Plastic have been combined into just Containers! Also created a new one, "Fin-Pub Trd Inv Fd-Eqt" group. As I rebuild a couple of my group charts and reload my database, I have noticed that alot of the Internet-E*Commerce stocks came from the group Retail-Mail Order/Direct. They had previously been pigeon holed there. Then a bunch in the Internet-ISP/Content group came from Computer Services. For those of you who can't get the IBD, I'll be posting the groups and stocks in the groups on my web site within the next day or two. ( Clickety Click goes my keyboard ) Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] LSON, a cup? Date: 26 Jan 1999 21:25:56 -0800 Date sent: Tue, 26 Jan 1999 11:26:48 -0800 > I've been watching LSON for about a week now, it's trading around > 64 1/2 right now. It looks like it's completing the cup pattern > (started around 12/30/98). As a newbie learning to read C&H chart > pattern, I would appreciate if someone would like to comment. Not a cup, too short. The overall process is a base, sort of a loose one, but a base. Recent activity is good, where the pattern tightened up. If you wanted to make a cup out of this thing, you need to start at around 11/26/98, where the previous high is. I posted a definition at http://home.att.net/~pwahl, along with some examples that might be helpful in this area. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] LSON, a cup? Date: 27 Jan 1999 01:25:39 -0500 Hello Tran, I agree with Patrick, not a Cup and Handle. It has broken thru a sloppy trading range without ever establishing a decent base, which makes it difficult to determine where the real support and/or resistance lies. ROE is only 10%; funds already own 23% of the float (so don't count on them for much more buying) while management owns only 15% of the issue. Fundies generally look real good, however not in the top five of its group. There was just a change in top management, but looks like the top dog is only relinquishing some of his duties, but still retaining the CEO slot, better if there was new blood in that position usually. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- List members, I've been watching LSON for about a week now, it's trading around 64 1/2 right now. It looks like it's completing the cup pattern (started around 12/30/98). As a newbie learning to read C&H chart pattern, I would appreciate if someone would like to comment. Quan Tran qt@qware.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] PRGS Date: 27 Jan 1999 01:38:41 -0500 Hi Mark, Aside from the negative 6% growth rate over the past five years, and a ROE of 9%, both likely due to the bad year in 1996, as well as the non-standard fiscal year (ends Nov, just in time for year 2000, maybe they know something we don't??), the chart and fundies look good. Not to be too much of a pessimist, but finding such a tight base already entering its sixth week in what has been an extremely volatile mkt makes me suspicious. But like I said, the chart and fundies do look attractive. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Hello all,, Any comments on PRGS? Is the chart a high tight (loose?) flag?? A base on top of base?? thanks, Mark - - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] Global Markets Site Date: 27 Jan 1999 05:04:03 -0800 (PST) Much market information packed into this site including International. http://www.peicommerce.com/Quotes/HIGH/STKPGSO.HTM TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: TM Subject: Re: [CANSLIM] Tom, Do you know if Date: 27 Jan 1999 15:31:07 -0800 (PST) prefab or premanufactured housing is included with housing starts? And another question about interpreting http://www.amgdata.com/, a site which details where money flows weekly. Actually, several questions while I try to get my head on straight (and these are really basic, I'm sure). I am guessing the growth stocks would be the Jr. and Sr. growth stocks and others like them as listed in the IBD, is that correct? Also, roughly 30 of the top 50 NAZ stocks are 5 digits. Is buying something like ERICY, which is listed in the IBD considered international investing? If not, where are the funds that are being invested internationally going? Thanks, again. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: FBNAirPlt@aol.com Subject: [CANSLIM] Acc/Dis Numbers Date: 27 Jan 1999 20:55:28 EST Here are the latest Acc/Dis Numbers Date A B C D E AB/A:E %E 1/15/99 1277 2819 1256 1005 361 61% 5% 1/18/99 1224 2776 1286 1059 388 59% 6% 1/20/99 1301 2836 1245 1012 365 61% 5% 1/21/99 1352 2808 1231 993 392 61% 6% 1/22/99 1352 2808 1231 993 392 61% 6% 1/25/99 1296 2757 1234 1053 424 60% 6% 1/26/99 1260 2748 1236 1083 427 59% 6% 1/27/99 1256 2741 1247 1089 414 59% 6% Spreadsheet version: Date,A,B,C,D,E,AB/A:E,%E 1/18/99,1224,2776,1286,1059,388,59%,6% 1/20/99,1301,2836,1245,1012,365,61%,5% 1/21/99,1352,2808,1231,993,392,61%,6% 1/22/99,1352,2808,1231,993,392,61%,6% 1/25/99,1296,2757,1234,1053,424,60%,6% 1/26/99,1260,2748,1236,1083,427,59%,6% 1/27/99,1256,2741,1247,1089,414,59%,6% Robert - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Tom, Do you know if Date: 27 Jan 1999 23:04:34 -0500 Hi Ed, To the best of my knowledge, the govt stats on housing are only for permanent dwellings. However, a lot of the "prefab" housing units are considered permanent, just because they are prefabbed off-site shouldn't change this. I hope you're wrong about 30 of the 50 top Naz stocks being five letters, unless a lot of the 30 end with an "A" or "B", indicating a different class of a US company, rather than a foreign company. The "Y" means foreign, and usually European. A "F" would also mean foreign, usually Canadian or Israeli, altho could be some other countries as well (it's just that these two countries like to like on Naz). In my reviews, I have not been encountering very many foreign stocks, regardless or national origin. Maybe one out of 25 or 30 would pop up on my radar. From personal experience, I just won't consider Canadian cos, their regulators (or regulations) are just too lax, and too many turn out to be total scams. Likewise, I will rarely consider any other "F" ending five letter symbols, tho Israel is really a heavy tech country. But they also have a heavy nr of bio and biotech corps, which I stay away from. I did give in and trade a couple "Y" stocks in 1998 quite successfully, my first foreign stocks in a number of years. But generally I just am not interested in taking on the added risk of currency exchange changes on top of all the other risks already inherent in the US stock mkt. At least with a domestic co, I can keep up with the politics, economy, tax law change, industry trends etc. Far tougher to do this with a foreign co. Most "international" funds will actually be buying shares on the foreign exchanges in the native currencies, rather than buying the ADR versions listed here (typically on NYSE for bigger cos, and Naz for smaller ones). This means they also have to calculate the entry point in terms of currency exchange rates, but can sometimes pay extra dividends. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- prefab or premanufactured housing is included with housing starts? And another question about interpreting http://www.amgdata.com/, a site which details where money flows weekly. Actually, several questions while I try to get my head on straight (and these are really basic, I'm sure). I am guessing the growth stocks would be the Jr. and Sr. growth stocks and others like them as listed in the IBD, is that correct? Also, roughly 30 of the top 50 NAZ stocks are 5 digits. Is buying something like ERICY, which is listed in the IBD considered international investing? If not, where are the funds that are being invested internationally going? Thanks, again. TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Industry Groups Date: 27 Jan 1999 20:24:00 -0800 Not that anyone really cares, but there always has been a "Public Trd Inv Fds" group. However, Bill O'Neil wanted it broken down into two seperate groups. So now, there is one for equities and one for debt, or fixed income. tiger49er - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Timberline Software (TMBS) Date: 27 Jan 1999 23:55:55 -0500 Has anybody in the group got the "official" First Call estimates for this one?? They just reported 28 cents a share, which looks good and is reported several days early, and supposedly is a penny a share better than estimates, but I don't know the source of the estimate. Better still, anyone heard any "whispers"??? Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Timberline Software (TMBS) Date: 27 Jan 1999 22:02:51 -0800 > Has anybody in the group got the "official" First Call > estimates for this one?? They just reported 28 cents a > share, which looks good and is reported several days early, > and supposedly is a penny a share better than estimates, but > I don't know the source of the estimate. Better still, > anyone heard any "whispers"??? I can give you Zacks' number, if that is of any use - they say 27 cents per share, so a penny ahead by at least one estimate. - ------------------------------------------------------------------------------- From: "James H. Coburn" Subject: Thanks re: Re: [CANSLIM] Quotes Plus 2 telephone numbers Date: 27 Jan 1999 22:41:19 -0700 Hi Patrick! Thank you very much for your reply below to my request for QP2 info. I ordered the program and it just arrived today. Someone told me that they liked the personal programming / scanning capabilities, so I'm going to work with setting up some scans that will hopefully guide me toward CAN SLIM stocks. Anyway, thanks again. Hope your stock picks are all winners. James Coburn Albuquerque, NM (soon to be Burbank, CA) -----Original Message----- > PS If you are a user, do you like it, it is so-so, or does it have "fatal" > flaws? I've been using it for two months now, like it quite a bit. Has some good scanning capablities - you can pretty closely approximate a canslim scan by using an earnings growth function in lieu of the EPS rank, and QP has their own RS ranking. I think its a great deal. - - ------------------------------------------------------------------------------- From: Quan Tran Subject: Re: [CANSLIM] Timberline Software (TMBS) Date: 27 Jan 1999 23:31:44 -0800 At 11:55 PM 1/27/99 -0500, you wrote: >Has anybody in the group got the "official" First Call >estimates for this one?? They just reported 28 cents a >share, which looks good and is reported several days early, >and supposedly is a penny a share better than estimates, but >I don't know the source of the estimate. Better still, >anyone heard any "whispers"??? > >Tom W >stkguru@netside.net >ICQ # 5568838 > Found .27 for estimate from these URLs: http://mw.dbc.com/baseline/TMBS/P2A.GIF http://wwwo.zacks.com/ows-bin/owa/zbrc?tick=tmbs&comp_id=main&search=2 The report is scheduled for 01/29/1999. Where do you see the report? Looks like they're 2-day early. Quan Tran qt@qware.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Timberline Software (TMBS) Date: 28 Jan 1999 07:55:03 -0500 Thanks Quan, I read the story on Yahoo, as well as several other sites. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- At 11:55 PM 1/27/99 -0500, you wrote: >Has anybody in the group got the "official" First Call >estimates for this one?? They just reported 28 cents a >share, which looks good and is reported several days early, >and supposedly is a penny a share better than estimates, but >I don't know the source of the estimate. Better still, >anyone heard any "whispers"??? > >Tom W >stkguru@netside.net >ICQ # 5568838 > Found .27 for estimate from these URLs: http://mw.dbc.com/baseline/TMBS/P2A.GIF http://wwwo.zacks.com/ows-bin/owa/zbrc?tick=tmbs&comp_id=mai n&search=2 The report is scheduled for 01/29/1999. Where do you see the report? Looks like they're 2-day early. Quan Tran qt@qware.com - - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] A bit on charting [Connie Mack] Date: 28 Jan 1999 09:07:41 -0500 MHX is a nice chart to examine; it gives a chance to test the prospect of several indicators. [1] Draw trendlines across the tops and bottoms for the last two months. You should have a slightly descending triangle. [2] Draw what is now both a resistance and support line across the tops of late November and about a week into January. This should give a very slight inclining line. The line is both support and resistance because price has very slightly broken the line intraday but settled back on the line at the close. [3] Yesterday's rise went through both the 50 and 100 day EMA. [4] Yesterday's rise was on high volume. [5] The 3/7/10 EMA gave a First and Second Level buy. [6] The SloSto gave a buy on the 22nd. [7] With any rise today, the MACD will give a buy below the marker [zero] line. A crossing of the two MACD lines above the marker line is considered a safer [some say stronger] buy. However, if you're right, a buy below promises greater profit. [8] There is no major resistance before you reach the 22 high of a few weeks ago. [9] Momentum is rising. [I don't pay attention to momentum.] From a technical side, MHX is a promising stock. It has several indicators--in fact, all that I give serious weight to--that indicate a move upward. It is wise not to act, unless you have access to real time indicators, before 10:00 or so. Give the pile up of orders accumulated before the open a chance to have their affect, whatever it is. I will try to buy some MHX this morning a little below or a little above the close. I will not use a market order. I will not chase the stock. I am still trading NOVL, rather heavily, and MU less so. I like the looks of NOVL's chart. The MF/OBV looks good, along with other technical indicators. I still don't like the looks of the INDU as seen through the 3/7/10. I will not hesitate to take any profits. Connie Mack - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] AOL near breakout of 5 week base Date: 28 Jan 1999 12:26:08 +0100 Is it fair to call the 5 week 20% range a base? Closed up and near the intraday high for the last 3 days on increasing volume. Looks bullish to me. Earnings out yesterday after the close: .22/share and .17/share after extraordinary stuff. First Call concensus est. was: .14 So AOL handsomely beat the consensus est. by 21%. Compared to earnings of .05/share same Q last year: (.17 - .5 ) / .5 = 240% increase in earnings So we have 3 Qs of accelerating earnings in a row: +200% + 225% and now +240% While revenue is decelerating (slightly): +67%, +65%, +62% The +62% revenue increase comes from: 960M vs 592M in same Q last year. CS numbers: 77 99 B not bad, not outstanding, but good for an internet co. AOL also announced a 2/1 split. Lately a split announcement like this in a "hot" stock has resulted in a run-up of the share price. If AOL breaks 167, it's all time high, (closed @ 165.5 wednesday) it breaks out of the rectangular 20% base. Crystal ball gazing and wishfull-thinking: if it breaks out, the first stop is around the upper resistance trendline in the 178 - 180 area. But with the announced 2/1 split it might not pause there for too long. Disclaimer: I'm in. -- Johan Van Houtven - ------------------------------------------------------------------------------- From: "Robert Miller" Subject: Re: [CANSLIM] AOL near breakout of 5 week base Date: 28 Jan 1999 10:14:40 -0500 On page 106 of HTMMIS, 2nd edition, the 34th sell rule is "Some stocks can be sold when they are 70% to 100% above the 200-day moving average price line." AOL is approximately 140% above its 200 dma. Does anyone know what WON means by "some stocks"? Rob -----Original Message----- >Is it fair to call the 5 week 20% range a base? > >Closed up and near the intraday high for the last 3 days on increasing >volume. Looks bullish to me. > >Earnings out yesterday after the close: .22/share and .17/share after >extraordinary stuff. > >First Call concensus est. was: .14 So AOL handsomely beat the consensus >est. by 21%. > >Compared to earnings of .05/share same Q last year: > >(.17 - .5 ) / .5 = 240% increase in earnings > >So we have 3 Qs of accelerating earnings in a row: +200% + 225% and now +240% > >While revenue is decelerating (slightly): +67%, +65%, +62% > >The +62% revenue increase comes from: 960M vs 592M in same Q last year. > >CS numbers: 77 99 B not bad, not outstanding, but good for an internet co. > >AOL also announced a 2/1 split. Lately a split announcement like this in a >"hot" stock has resulted in a run-up of the share price. > >If AOL breaks 167, it's all time high, (closed @ 165.5 wednesday) it breaks >out of the rectangular 20% base. > >Crystal ball gazing and wishfull-thinking: if it breaks out, the first stop >is around the upper resistance trendline in the 178 - 180 area. But with >the announced 2/1 split it might not pause there for too long. > >Disclaimer: I'm in. > > > >-- Johan Van Houtven > > > >- > > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] AOL near breakout of 5 week base Date: 28 Jan 1999 07:20:17 -0800 Ditto, I waited until I thought I saw the bottom of the base & got back in (3rd time around for AOL). I ranked Ian's Mattress Stuffer list on CANSLIM criteria and it is near the top. Briefly here they are in order of 5-yr EPS growth: *DELL *AOL *LU *CSCO *MSFT **SWY *INTC **HD **COST *PFE KO G MRK PG **WMT I am using most of my trading money to buy into this list; only about 20% is now going to CANSLIM picks. * means I am in; ** means I want in when I get some more cash. At 12:26 PM 1/28/99 +0100, you wrote: >Is it fair to call the 5 week 20% range a base? > >Closed up and near the intraday high for the last 3 days on increasing >volume. Looks bullish to me. > >Earnings out yesterday after the close: .22/share and .17/share after >extraordinary stuff. > >First Call concensus est. was: .14 So AOL handsomely beat the consensus >est. by 21%. > >Compared to earnings of .05/share same Q last year: > >(.17 - .5 ) / .5 = 240% increase in earnings > >So we have 3 Qs of accelerating earnings in a row: +200% + 225% and now +240% > >While revenue is decelerating (slightly): +67%, +65%, +62% > >The +62% revenue increase comes from: 960M vs 592M in same Q last year. > >CS numbers: 77 99 B not bad, not outstanding, but good for an internet co. > >AOL also announced a 2/1 split. Lately a split announcement like this in a >"hot" stock has resulted in a run-up of the share price. > >If AOL breaks 167, it's all time high, (closed @ 165.5 wednesday) it breaks >out of the rectangular 20% base. > >Crystal ball gazing and wishfull-thinking: if it breaks out, the first stop >is around the upper resistance trendline in the 178 - 180 area. But with >the announced 2/1 split it might not pause there for too long. > >Disclaimer: I'm in. > > > >-- Johan Van Houtven > > > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] Schwab ethics Date: 28 Jan 1999 07:29:50 -0800 OK I am soliciting input on a situation which I perceive to be very unfair to institutional customers of Schwab. Basically I have a 401k through Diversified Investment Advisors which offer a Personal Choice Retirement Account or PCRA through Schwab. I can transfer my contributions to my 401k over to Schwab and do what I want with them. When I opened this account in late '97 I was told by Schwab that institutional customers were not eligible for the $29.95 web trading discount commissions. Fine, I'll accept $44 commissions if that's what I can get. Now another guy where I work just opened a PCRA and he gets this flyer from Schwab that says as of 1/15/98 they have offered $29.95 web trades if he promises not to bother their brokers over the phone. I tell him that it's a mistake, yadda yadda, so he buys some AMZN (dumb, dumb, dumb) and lo and behold he gets a commission of $29.95. So I call Schwab and after 45 minutes on hold they offer to "adjust" my commissions for the past 2 months. Of course I say what about the other 11 months and they say no dice, won't even give me the name of someone I can call in Schwab, blame it on Diversified for not offeriong me the $29.95. I smell a rat so I call Diversified and they of course blame Schwab. So my question is, should Schwab have mailed all their institutional customers last Jan and told them of the $29.95 offer? They say they have no obligation to tell us anything and that it's all Diversified's responsibility. Diversified says how the heck should we know what Schwab chharges and I am inclined to agree with them. I told Schwab to try again and of course they will continue to try to blow me off, but this isn't a few bucks I'm talking about being ripped off of, it's more like a few hundred. Is a class action suit possible? I think they have more than just one company signed up for this PCRA and I bet there are many other pissed-off people out there besides myself. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] AOL near breakout of 5 week base Date: 28 Jan 1999 10:44:34 -0500 Rob, You wrote: >On page 106 of HTMMIS, 2nd edition, the 34th sell rule is "Some stocks can >be sold when they are 70% to 100% above the 200-day moving average price >line." AOL is approximately 140% above its 200 dma. Does anyone know what >WON means by "some stocks"? I think he means "it all depends". It depends on lots of things including the group the stock is in, what the rest of the chart looks like, how the stock acted to get there, what your goals were in the first place, what you know about the company, the state of the market, etc. In addition, WON says that in general, 2 or 3 of the selling rules should be in effect to sell a stock, sometimes more. If your goal was 40% and out on a stock and in 4 months, you have a 35% profit, but it is 100% of the 200 dma, and the market just gave its second sell signal, then maybe this would be one to cut loose. That kind of thing. I have seen some stocks (recently) track their 200 dma from a position approximately 100% above it for several months! Exceptions certainly. My guess is that if you asked WON about this he would say it is a "judgement thing" or some words to that effect. Unfortunately, the stock market cannot be completely reduced to hard and fast rules (as you know), which is one reason WON's book is so difficult to make sense of in places (as in your example, where he says "some stocks"). Might be worth asking him how he makes this judgement if anyone goes to a seminar anytime soon (of course he might give different answers at different times depending on what occurs to him at the moment, and both answers might be valid and functional). I feel like I am beginning to talk with cotton in my mouth, so I will let it rest there. Good question. Best Regards, Craig - ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Marder's Yellow Light Date: 28 Jan 1999 10:52:49 -0500 A new article by Kevin Marder today - very worthwhile, very cansliM. http://cbs.marketwatch.com/news/current/marder.htx?source=blq/yhoo - ------------------------------------------------------------------------------- From: dbphoenix Subject: [CANSLIM] The Zen of Investing Date: 28 Jan 1999 08:31:14 -0800 (PST) http://cbs.marketwatch.com/news/current/superstar.htx?source=htx/http2_mw This is an outstanding piece. It should be at the very front of everyone's journal. It should be read every morning at breakfast. It should be on the nightstand. I'd suggest tatooing if it weren't too long. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Schwab ethics Date: 28 Jan 1999 11:37:51 -0500 I am willing to bet if you write a strong letter and copy the right people that they will give in. You can only go so far on the phone. Tim Fisher wrote: > OK I am soliciting input on a situation which I perceive to be very unfair > to institutional customers of Schwab. Basically I have a 401k through > Diversified Investment Advisors which offer a Personal Choice Retirement > Account or PCRA through Schwab. I can transfer my contributions to my 401k > over to Schwab and do what I want with them. When I opened this account in > late '97 I was told by Schwab that institutional customers were not > eligible for the $29.95 web trading discount commissions. Fine, I'll accept > $44 commissions if that's what I can get. > > Now another guy where I work just opened a PCRA and he gets this flyer from > Schwab that says as of 1/15/98 they have offered $29.95 web trades if he > promises not to bother their brokers over the phone. I tell him that it's a > mistake, yadda yadda, so he buys some AMZN (dumb, dumb, dumb) and lo and > behold he gets a commission of $29.95. So I call Schwab and after 45 > minutes on hold they offer to "adjust" my commissions for the past 2 > months. Of course I say what about the other 11 months and they say no > dice, won't even give me the name of someone I can call in Schwab, blame it > on Diversified for not offeriong me the $29.95. I smell a rat so I call > Diversified and they of course blame Schwab. > > So my question is, should Schwab have mailed all their institutional > customers last Jan and told them of the $29.95 offer? They say they have no > obligation to tell us anything and that it's all Diversified's > responsibility. Diversified says how the heck should we know what Schwab > chharges and I am inclined to agree with them. I told Schwab to try again > and of course they will continue to try to blow me off, but this isn't a > few bucks I'm talking about being ripped off of, it's more like a few hundred. > > Is a class action suit possible? I think they have more than just one > company signed up for this PCRA and I bet there are many other pissed-off > people out there besides myself. > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > - - ------------------------------------------------------------------------------- From: "Peter Newell" Subject: Re: [CANSLIM] Schwab ethics Date: 28 Jan 1999 12:04:27 -0800 Tim, Ask them when they went to 29.95 commisions I beleive it was in Jan but they should rollback that far. Write a letter to Charles if customer service won't help. I've had good luck with them although it can take a couple of times. Peter - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Schwab ethics Date: 26 Jan 1999 09:25:54 -0800 1/15/98 was the date. I was told at the time that I was not eligible for the discounted commissions since I was an institutional customer. On 12:04 PM 1/28/99 , Peter Newell Said: >Tim, > >Ask them when they went to 29.95 commisions I beleive it was in Jan but they >should rollback that far. Write a letter to Charles if customer service >won't help. I've had good luck with them although it can take a couple of >times. > >Peter > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] The Zen of Investing Date: 28 Jan 1999 19:12:07 +0100 Db, Why are you so negative on this article? I kinda liked it! At 08:31 AM 28-01-99 -0800, you wrote: > > >http://cbs.marketwatch.com/news/current/superstar.htx?source=htx/http2_mw > >This is an outstanding piece. It should be at the very front of >everyone's journal. It should be read every morning at breakfast. It >should be on the nightstand. I'd suggest tatooing if it weren't too >long. > >--Db ;^) Indeed, this article is a must read and a keeper. Johan - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] The Zen of Investing Date: 28 Jan 1999 19:56:33 +0100 I love this part: --- cut --- It depends on neural linguistic programmers more than neural network programmers. In the future, financial success will demand a highly disciplined training in the new psycho-technologies in order to activate a super-charged inner winner. Today, investors must be on the cutting edge of this new focus on psychology, in order to predict mass market behavior as well as achieve peak performance and maximize profitability on a personal basis. --- cut --- NLP: Neuro-Linguistic Programming. Wrote a few posts about this a few months ago. Thread was stopped because of various reasons, one of them being that several had had "enough of this psychology crap already". And that won't change any time soon, I'm sure. We'll likely have to wait until WON proclaims it a necessary part of succesful CANSLIM investing before we will be able to talk freely about all of this on this list. Besides, talking or writing about this doesn't do you much good. It's about things you have to DO, to EXPERIENCE, before you can appreciate this stuff. (Sic: Yes, I know that WON does know about modelling and other NLP related technology. He alluded to it in one of the final lessons in his 26 week course recently. It was in Week 22 if I remember correctly.) At 08:31 AM 28-01-99 -0800, you wrote: > > >http://cbs.marketwatch.com/news/current/superstar.htx?source=htx/http2_mw > >This is an outstanding piece. It should be at the very front of >everyone's journal. It should be read every morning at breakfast. It >should be on the nightstand. I'd suggest tatooing if it weren't too >long. > >--Db >== > >"Lessons are repeated until they are learned." > >http://home.talkcity.com//MoneySt/dbphoenix/ > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > Johan - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Limit Orders Date: 28 Jan 1999 16:36:24 -0500 I know WON does not recommend limit orders. However I had a stock all staked out ITWO. I just wanted it to break out a little which it did, right on cue. Unfortunately by the time I got to a computer today it was gone, and I am not chasing them up any more. So it is gone. If the limit order was the only consideration that would be a no brainier. The other thing is that I am nervous about having an order in at opening. Though when I think about it, if it is a limit order and it executes it will do it at the price I want. It is just that I think it is better to see what is happening first. Is this a realistic fear? Is there a solution. Charlie - ------------------------------------------------------------------------------- From: "Joe Jungbluth" Subject: [CANSLIM] Gennum Corporation Date: 28 Jan 1999 16:38:31 -0500 Hi Walter, I'm e-mailing you directly instead of the list since this post isn't strictly CANSLIM. I thought you might find this company interesting. I was researching a vendor's parts list and came across a company called Gennum (Toronto: GND) that seems to be performing well in a strong group, Semi Manf. Their products include low voltage audio electronic amplifiers and analog signal processing circuitry supplied to the world hearing instrument industry; video signal distribution and processing components sold to the professional video and broadcast television markets; and user specific integrated circuits for a wide variety of specific applications where information is being conditioned, transmitted or interpreted. This is PC and HDTV stuff. They've had annual and quarter last year revenue increases of 36% and 41% respectively. Net income increased 36% annually and 52% quarter last year. I haven't check with my brokers to see if I can trade on the Toronto and maybe don't want to deal with the currency exchange rate hassles so it all might be moot. Yet I'd still like to see a chart, but I can't find one. Do you have a suggestion for Web-based Canadian exchange charts? Thanks, Joe Jungbluth Germantown, MD USA - ------------------------------------------------------------------------------- From: "Joe Jungbluth" Subject: Re: [CANSLIM] Gennum Corporation Date: 28 Jan 1999 16:41:40 -0500 Guess that didn't work, huh? :) - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] The Zen of Investing Date: 28 Jan 1999 20:50:01 -0500 Okay I give, what the heck are you two talking about? I went to the link and got: 'Boring' hybrid funds for the long term Seven funds offer a break from Internet mania By Dr. Paul B. Farrell, Did they change the page before I could read it? Regards, Frank Wolynski At 07:56 PM 1/28/99 +0100, you wrote: >I love this part: > >--- cut --- > >It depends on neural linguistic programmers more than neural network >programmers. > http://cbs.marketwatch.com/news/current/superstar.htx?source=htx/http2_mw >>This is an outstanding piece. It should be at the very front of >>everyone's journal. It should be read every morning at breakfast. It >>should be on the nightstand. I'd suggest tatooing if it weren't too >>long. >> >>--Db >>== - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] misc thoughts Date: 28 Jan 1999 21:07:13 -0800 Not to sound like chicken little, but is the way the advance/decline line continuing to lag the market bothering anyone else? I looked at the cummulative a/d chart that QP2 has, and I noticed that it is now lower than it was on Nov. 3. This wasn't worrying me in December, I expected the broader market to eventually catch up to the narrower advance of the strongest stock, but now, 2 months later, it hasn't happened. I am wondering if this lack of participation by the broader range of stocks will eventually stall things and lead to a longer period of stagnation. Meanwhile, of course, market is in a very strong uptrend, so that is the way to play things.... If the airline stocks ever get moving, one that has a fairly good looking chart is ACAI. With the low price of crude, I would think that would mean lower fuel costs and higher operating margins and therefore higher earnings. So far however this hasn't seemed like enough to move the sector higher. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] Off topic IRA query Date: 28 Jan 1999 21:07:13 -0800 This is a bit off topic, but we have a lot of investing know how on the list, just had a quick question about IRA vs. Roth IRA. If I understand things correctly, with a Roth IRA you cannot deduct the initial contribution from your taxes, but after that it grows tax free just like a normal IRA, but when you withdraw the funds at retirment time, you are not taxed on the gain since the opening of the Roth IRA. Is this correct? If so, seems like a Roth IRA is much better option than a regular IRA. Also, has anyone figured out under what cirumstances it is advantageous to convert an existing IRA to a Roth IRA? Thanks in advance for any help on this. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Limit Orders Date: 28 Jan 1999 23:10:20 -0500 Charlie, The type of a "limit" order that you are talking about is really a "buy stop" or buy stop limit" order. In other words, you wanted to buy the stock if it traded thru a certain price (e.g. a breakout), and possibly wanted to pay no more than $XX. Looking at the chart, a buy stop of 32 would have put you into the stock on Wed around that price (e.g. the stop triggered and converted into a mkt buy at that time as it broke a new high). You might have even bot it cheaper using a buy stop limit of, say, 31.75; either way Thursday's trading would have put you into a nice one day profit situation. The disadvantage of a stop order is that they don't allow for the volume parameter. This is a failure of the "system". I don't know if there may be a "great conspiracy" to not adapt, since the only alternative to a normal stop order aside from watching the mkt yourself (which is tough on the day job) is to use a full service broker, and give him instructions to buy (or sell) ONLY IF both the price and volume thresholds are met. BTW, some comments on the data and chart I find at DGO: first, either the float (shown as 27.7 mil shares) or the management percentage ownership of the issue (shown as 84%); or the total issue (shown as 71.2 mil shares) must be wrong as they don't add up mathematically. I have notified DGO staff of this. I also note that the ROE is a lousy 7%, and they have only had good years, so I can't excuse this on the basis of one or two bad years throwing off the formula. Otherwise, the chart and fundies look fine from CANSLIM. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I know WON does not recommend limit orders. However I had a stock all staked out ITWO. I just wanted it to break out a little which it did, right on cue. Unfortunately by the time I got to a computer today it was gone, and I am not chasing them up any more. So it is gone. If the limit order was the only consideration that would be a no brainier. The other thing is that I am nervous about having an order in at opening. Though when I think about it, if it is a limit order and it executes it will do it at the price I want. It is just that I think it is better to see what is happening first. Is this a realistic fear? Is there a solution. Charlie - - ------------------------------------------------------------------------------- From: "M Sims" Subject: RE: [CANSLIM] Off topic IRA query Date: 28 Jan 1999 20:23:26 -0800 Patrick ... You are correct in your understanding. It is a good way to go. Not to sound like someone who doesn't trust anybody especially our government...but my question has always been...what prevents the government from changing there minds in 15 to 20 years when there will be billions of tax free dollars sitting there. I can't find an answer to that thought. Mike > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl > Sent: Thursday, January 28, 1999 9:07 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Off topic IRA query > > > This is a bit off topic, but we have a lot of investing know how on > the list, just had a quick question about IRA vs. Roth IRA. > > If I understand things correctly, with a Roth IRA you cannot deduct > the initial contribution from your taxes, but after that it grows tax > free just like a normal IRA, but when you withdraw the funds at > retirment time, you are not taxed on the gain since the opening of > the Roth IRA. Is this correct? If so, seems like a Roth IRA is > much better option than a regular IRA. > > Also, has anyone figured out under what cirumstances it is > advantageous to convert an existing IRA to a Roth IRA? Thanks in > advance for any help on this. > > > > - > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Gennum Corporation Date: 28 Jan 1999 23:26:24 -0500 Sorry Joe, All messages sent to the group go first to majordomo (the msg handler) who retransmits back automatically to the group. Thus, clicking on "Reply to Author" responds to majordomo, who bounces it back to the group. I use IE, but I think Netscape and other browsers are similar. I have a choice of "Reply to Author"; "Reply to All"; or "Forward". For private mail, the easiest to use is to click on either reply to author, or forward, (if the former then click on the "To" line and hit backspace which should delete the "CANSLIM@xmission" address in one keystroke), then scroll down to the imbedded address of the true "original" author (assuming you are set up to include the original post as part of your reply) and cut and paste that address into the "To" line. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Guess that didn't work, huh? :) - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off topic IRA query Date: 28 Jan 1999 23:48:06 -0500 Patrick and Mike, Like anything else with investing, there is no simple answer, or one that works for all. The best features of the Roth IRA apply to the younger investors, who can not only continue to contribute for many years, but also presumably enjoy many years of tax sheltered growth of not only the initial contribution, but of each subsequent year's addition. It's not only the "initial" contribution that is not deductible from your taxable income, it's all subsequent contributions as well. But you are correct, gains in the account are not subject to taxes, nor are withdrawals past the age of eligibility taxed even when they include capital gains. One of the benefits of converting an existing IRA to a Roth was that you could pay the taxes that would become due over a five year span (the money being removed from an existing IRA were never taxed, thus when you convert you must first pay tax on them since contributions to a Roth are "after tax"). This option ended 28 days ago. Now if you convert, the taxes are immediately due. Thus the "rollover amount" could be substantially reduced. However, you are not hit with the 10% tax penalty on the total amount that would normally occur for an early withdrawal. An alternative is to simply continue the existing IRA, but make no further contributions. Instead open a Roth and make all contributions there. Granted you have the hassle of dealing with two accounts instead of one, but you don't get hit with the big tax problem. Wait until you are in a low tax bracket to either begin withdrawing from the IRA (assuming you are over 59.5 years old) or to convert it into a Roth. That way your tax bill may be less. As for the govt changing the rules in the future, all bets are off. However, historically, there is usually either a grandfather clause, or else a "transition period" in which the old rules would still apply before the new rules take affect. And also given the bureaucracy of government, generally a lengthy discussion period before change is actually implemented. Thus, there could be a window of opportunity to make changes under present rules. I don't claim to be a full expert on the Roth rules. As an "old fart", I investigated this "newfangled critter" only far enough to figure out it likely wasn't any benefit to me, then quit reading. So don't nobody nohow make any foolish decisions based in any way on this opinionated and uneducated comment from a self declared non-expert. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Patrick ... You are correct in your understanding. It is a good way to go. Not to sound like someone who doesn't trust anybody especially our government...but my question has always been...what prevents the government from changing there minds in 15 to 20 years when there will be billions of tax free dollars sitting there. I can't find an answer to that thought. Mike > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl > Sent: Thursday, January 28, 1999 9:07 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Off topic IRA query > > > This is a bit off topic, but we have a lot of investing know how on > the list, just had a quick question about IRA vs. Roth IRA. > > If I understand things correctly, with a Roth IRA you cannot deduct > the initial contribution from your taxes, but after that it grows tax > free just like a normal IRA, but when you withdraw the funds at > retirment time, you are not taxed on the gain since the opening of > the Roth IRA. Is this correct? If so, seems like a Roth IRA is > much better option than a regular IRA. > > Also, has anyone figured out under what cirumstances it is > advantageous to convert an existing IRA to a Roth IRA? Thanks in > advance for any help on this. > > > > - > - - ------------------------------------------------------------------------------- From: xchen@raptor.mti.sgi.com (Xiang Chen) Subject: Re: [CANSLIM] Off topic IRA query Date: 28 Jan 1999 20:53:34 -0800 (PST) I am not a expert on this, and I myself is also trying to see whether it is justifiable to open an IRA account. So please correct me if I am wrong. The following words comes to us from Patrick Wahl: > This is a bit off topic, but we have a lot of investing know how on > the list, just had a quick question about IRA vs. Roth IRA. > Not everybody can contribute to a Roth IRA. There are different limits on your adjusted gross income (AGI) depending on your filing status. If you are married and filing jointly, the limit is $160,000, if I remember correctly, and the amount that you can contribute starts to phase out from $150,000. Simmilarly, the contribution to the traditional IRA may not be deductable if your AGI is beyond the limit. > If I understand things correctly, with a Roth IRA you cannot deduct > the initial contribution from your taxes, but after that it grows tax > free just like a normal IRA, but when you withdraw the funds at Traditional IRA is tax-deferred, not tax-free. you still have to pay tax when you withdraw money from the account. However, Roth IRA is tax-free. > retirment time, you are not taxed on the gain since the opening of > the Roth IRA. Is this correct? If so, seems like a Roth IRA is > much better option than a regular IRA. > > Also, has anyone figured out under what cirumstances it is > advantageous to convert an existing IRA to a Roth IRA? Thanks in > advance for any help on this. > > > > - > Actually I have one question too. Does it make sense to contribute to a traditional IRA if it is not tax deductable? The earning is tax deferred, but one needs to keep that money in IRA until 65 years old. -- Xiang Feng Chen xchen@mti.sgi.com - ------------------------------------------------------------------------------- From: "Robert Miller" Subject: [CANSLIM] DELL Date: 28 Jan 1999 23:53:06 -0500 I have a question concerning Dell's price/volume pattern. The stock is trending up, while the volume is in a solid downtrend. I would view this as a warning sign in a smaller stock, but am unsure how to interpret it in this case. As a general rule, volume leads price, but these big stocks don't seem to follow any rules. Are volume patterns irrelevant for big cap stocks? I mostly invest in small-mid caps, but some of these big caps are too good to pass up lately. Any suggestions on how to interpret this? Thanks in advance, Rob - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] misc thoughts Date: 29 Jan 1999 00:01:01 -0500 Patrick, I have commented several times on the poor performance of the NYSE Composite, including the fact that its RS line has been in a steady downtrend compared to the S&P500 for some six months now. Not a healthy sign. I have also made mention of the lack of the new highs/lows ratio reaching what I would perceive to be "normal" levels for this kind of "rally". And I put "rally" in quotes, as I firmly believe that our "aging bull" really did meet its demise in 1998, and we are now left in a never never land of deciding on "M" as to it being a consolidation between a bull and bear mkt; continuation of the former bull mkt; rally in an otherwise new bear mkt; new bull mkt that started after a record short bear mkt; etc. While a few weeks ago new highs (which has some relationship to the advance/decline trends) started hitting numbers more normal for such a trend in the mkt, this has now reversed and is looking at best anemic. At best, this is once again a "big cap" and "internet related" driven market, and we have some recent examples of how that can go. Either you are in the "momentum" groups, or you suffer. And lacking solid earnings growth rates in the internet sector, that "leadership" is prone to failure, and to far higher risks. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Not to sound like chicken little, but is the way the advance/decline line continuing to lag the market bothering anyone else? I looked at the cummulative a/d chart that QP2 has, and I noticed that it is now lower than it was on Nov. 3. This wasn't worrying me in December, I expected the broader market to eventually catch up to the narrower advance of the strongest stock, but now, 2 months later, it hasn't happened. I am wondering if this lack of participation by the broader range of stocks will eventually stall things and lead to a longer period of stagnation. Meanwhile, of course, market is in a very strong uptrend, so that is the way to play things.... If the airline stocks ever get moving, one that has a fairly good looking chart is ACAI. With the low price of crude, I would think that would mean lower fuel costs and higher operating margins and therefore higher earnings. So far however this hasn't seemed like enough to move the sector higher. - ------------------------------------------------------------------------------- From: dbphoenix Subject: [CANSLIM] Re: Zen of Investing Date: 28 Jan 1999 21:10:12 -0800 (PST) <> Looks like they did, Frank. At the bottom of the piece you got, there's a link for "more editorials". Click that, then select "Zen Psychology + Killer Instinct . . .". And Johan, you're welcome to talk psychology as much as you like on my message board or on the Yahoo CANSLIM Club board. People will catch up eventually. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 00:13:39 -0500 You can begin withdrawals from a tax sheltered account at age 59.5 without incurring the 10% additional tax on the gross withdrawal. If from a traditional IRA, then the amount of the withdrawal is treated as ordinary income, and taxed according to your then current tax bracket. Contributions to a normal IRA even if the contributions would not result in a reduction of your taxable income would still be able to grow tax deferred, thus preventing your already high tax bracket from going even higher had you invested that same money in a non-sheltered account. Not a tax expert, just knowledgable. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Actually I have one question too. Does it make sense to contribute to a traditional IRA if it is not tax deductable? The earning is tax deferred, but one needs to keep that money in IRA until 65 years old. - ------------------------------------------------------------------------------- From: mikelu Subject: RE: [CANSLIM] Limit Orders Date: 28 Jan 1999 21:17:08 -0800 Quote.com shows a high in July around 42, so it hasn't yet broken out to new highs. It broke out to a 40 day high Wednesday, though, so you could have bought it then as you said you were watching it. If you still want it, you can wait for the pullback, which usually happens. I'm pretty happy with using stop orders to buy and sell, though they're not perfect. (I sold out of MSFT on 1/13, and might not have been happy buying AMGN on 12/21.) They do help with removing emotion from the process. Mike -----Original Message----- Sent: Thursday, January 28, 1999 1:36 PM I know WON does not recommend limit orders. However I had a stock all staked out ITWO. I just wanted it to break out a little which it did, right on cue. Unfortunately by the time I got to a computer today it was gone, and I am not chasing them up any more. So it is gone. If the limit order was the only consideration that would be a no brainier. The other thing is that I am nervous about having an order in at opening. Though when I think about it, if it is a limit order and it executes it will do it at the price I want. It is just that I think it is better to see what is happening first. Is this a realistic fear? Is there a solution. Charlie - - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] Gennum Corporation Date: 29 Jan 1999 00:26:02 -0500 Hi Joe, You can use BigCharts Canada for Web-based Canadian exchange charts. Go to: http://www.canada.bigcharts.com I looked at GND(Toronto) and it came up fine. BTW, an unusual chart - it reminds me of our weather up here. A deceptively calm December before the wild storms in January . You will have to check with your broker to see if he will place an order on the Toronto exchange for you. The exchange rate is a hassle to say the least. After imploding in '98, the Canadian dollar seems to have settled into a trading range in the 64 to 65 cent area (US cents). Right now it is participating in the usual January mini-rally, taking it to the top of this range. Hope this helps, Walter - ------------------------------------------------------------------------------- From: "Joe J." Subject: [CANSLIM] limit orders Date: 28 Jan 1999 22:57:52 -0700 I know WON does not recommend limit orders. However I had a stock all > staked out ITWO. I just wanted it to break out a little which it did, right > on cue. Unfortunately by the time I got to a computer today it was gone, and > I am not chasing them up any more. So it is gone. > If the limit order was the only consideration that would be a no brainier. > The other thing is that I am nervous about having an order in at opening. > Though when I think about it, if it is a limit order and it executes it will > do it at the price I want. It is just that I think it is better to see what > is happening first. Is this a realistic fear? Is there a solution. > > Charlie > Charlie: I like to buy breakouts too but I can't always be watching my computer screen to see when they happen. I use buy stop limit orders for these types of plays. Set the price at your breakout price. If and when your price is hit, your order becomes a "limit" order at that price. The stop limit orders have two nice features. First, you won't buy until your breakout price is hit (i.e., the stop feature) and then it becomes a limit order so if you should have a gap open that goes through your price you won't come back later only to find that you paid $2 bucks more per share than you wanted to. Obviously if you do gap open and never look back, you will not be in the trade, but I, like you, don't chase them once they take off without me - I move on. Good trading, Joe J. - ------------------------------------------------------------------------------- From: TM Subject: RE: [CANSLIM] Darvas box/ trailing stops Date: 28 Jan 1999 23:59:27 -0800 (PST) Mike, Would you say Zolt is in a Darvas Box right now? Also, is using Bollinger Bands as they constrict a good way to pick out a Darvas BOX? Thanks, TM ---mikelu wrote: > > The boxes can overlap, so you could be getting stopped out too often. What > you're supposed to do is wait for the top to be made (high not exceeded for > 3 days), then wait for the new bottom (low not exceeded for 3 days). > > Mike > > -----Original Message----- > From: rolatzi [SMTP:rolatzi@yahoo.com] > Sent: Thursday, January 14, 1999 5:19 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Darvas box/ trailing stops > > Why not use the top of the previous box as the stop when the stock > jumps into its next higher box? > Ciao, > rolatzi > > > ---mikelu wrote: > > > > I've been using hard stops on all my stocks this time, to be less > > emotional. I've been trying to put them below the bottom of the > Darvas box > > as the stocks move up, but this latest dip in the market has pointed > out a > > hole in my strategy. > > > > When the stock breaks out of the old box to make a new high (new box > top), > > then reacts to make the new higher low (which will be the new bottom > of the > > box), there's a period of time when I'm still using the old box's > bottom > > for a stop. It seems like I'm risking more profit than I need to. > > > > I believe Darvas mentioned selling some "weak" stocks before they > fell out > > the bottom of the box, but that seems to put the emotion back in. > > > > Does anyone have a good "solution" to this? > > > > Thanks, > > > > Mike > > > > > > - > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: mikelu Subject: RE: [CANSLIM] Darvas box/ trailing stops Date: 29 Jan 1999 01:12:34 -0800 Darvas bought stocks as they broke out to all-time highs from a base. You would consider the top and bottom of the base as the first box. After the breakout, the stock will make the top of it's new box, then the bottom. You want to own the stock as long as it doesn't break through the bottom of it's current box. I guess the stock is always in a box, but just after a breakout, it's not apparent where the top and bottom are. I think finding stocks near their 52 week highs would be a start, then the narrowing Bollinger bands may indicate that the stock should move soon. Mike -----Original Message----- Sent: Thursday, January 28, 1999 11:59 PM Mike, Would you say Zolt is in a Darvas Box right now? Also, is using Bollinger Bands as they constrict a good way to pick out a Darvas BOX? Thanks, TM ---mikelu wrote: > > The boxes can overlap, so you could be getting stopped out too often. What > you're supposed to do is wait for the top to be made (high not exceeded for > 3 days), then wait for the new bottom (low not exceeded for 3 days). > > Mike > > -----Original Message----- > From: rolatzi [SMTP:rolatzi@yahoo.com] > Sent: Thursday, January 14, 1999 5:19 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Darvas box/ trailing stops > > Why not use the top of the previous box as the stop when the stock > jumps into its next higher box? > Ciao, > rolatzi > > > ---mikelu wrote: > > > > I've been using hard stops on all my stocks this time, to be less > > emotional. I've been trying to put them below the bottom of the > Darvas box > > as the stocks move up, but this latest dip in the market has pointed > out a > > hole in my strategy. > > > > When the stock breaks out of the old box to make a new high (new box > top), > > then reacts to make the new higher low (which will be the new bottom > of the > > box), there's a period of time when I'm still using the old box's > bottom > > for a stop. It seems like I'm risking more profit than I need to. > > > > I believe Darvas mentioned selling some "weak" stocks before they > fell out > > the bottom of the box, but that seems to put the emotion back in. > > > > Does anyone have a good "solution" to this? > > > > Thanks, > > > > Mike > > > > > > - > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 04:14:40 -0500 This is correct. IMO a younger person gets an extra benefit from the roth. Having more time to compound is a good thing. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Xiang Chen > Sent: Thursday, January 28, 1999 11:54 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Off topic IRA query > > > > I am not a expert on this, and I myself is also trying to see > whether it is justifiable to open an IRA account. So please > correct me if I am wrong. > > The following words comes to us from Patrick Wahl: > > This is a bit off topic, but we have a lot of investing know how on > > the list, just had a quick question about IRA vs. Roth IRA. > > > > Not everybody can contribute to a Roth IRA. There are different > limits on your adjusted gross income (AGI) depending on your filing > status. If you are married and filing jointly, the limit > is $160,000, > if I remember correctly, and the amount that you can > contribute starts > to phase out from $150,000. Simmilarly, the contribution to the > traditional IRA may not be deductable if your AGI is beyond > the limit. > > > If I understand things correctly, with a Roth IRA you cannot deduct > > the initial contribution from your taxes, but after that it grows tax > > free just like a normal IRA, but when you withdraw the funds at > > Traditional IRA is tax-deferred, not tax-free. you still > have to pay > tax when you withdraw money from the account. However, Roth IRA is > tax-free. > > > retirment time, you are not taxed on the gain since the opening of > > the Roth IRA. Is this correct? If so, seems like a Roth IRA is > > much better option than a regular IRA. > > > > Also, has anyone figured out under what cirumstances it is > > advantageous to convert an existing IRA to a Roth IRA? Thanks in > > advance for any help on this. > > > > > > > > - > > > > Actually I have one question too. Does it make sense to > contribute to > a traditional IRA if it is not tax deductable? The earning is tax > deferred, but one needs to keep that money in IRA until 65 > years old. > > -- > Xiang Feng Chen > xchen@mti.sgi.com > > - > > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Limit Orders Date: 29 Jan 1999 04:30:37 -0500 Thanks for the replies. I guess there is no choice but to place the order in the morning. Elder recommends against that. However the reality is that if I dont I can almost never get in at the point that I want. If this one (ITWO) pulls back I may be able to get in then. Thanks Charlie - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] misc thoughts Date: 29 Jan 1999 06:24:14 -0500 My models show the OTC as having substantially achieved its objective. (Prior hi to low difference plus prior high.) My target is for 2500'ish. ( See Journal chart on my web site. My opinion of course.) Nothing wrong with setting objectives, targets, meeting them, then scrambling for cover. If you're wrong, look for it, spot it, adapt, come out and play. What, you're suppose to have 'cojones' in this game too? CRB's new lows, Energy stocks drilling on down for a run at new lows. I do feel much better after China has now stated on World television that they will not devalue the yuan. Based solely on the prior records of World leaders, I'd say devaluation is now a certainty. But they can't really tell everyone that though can they? Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ At 21:07 1/28/99 -0800, you wrote: >Not to sound like chicken little, but is the way the advance/decline >line continuing to lag the market bothering anyone else? I looked >at the cummulative a/d chart that QP2 has, and I noticed that it is >now lower than it was on Nov. 3. This wasn't worrying me in >December, I expected the broader market to eventually catch up to >the narrower advance of the strongest stock, but now, 2 months >later, it hasn't happened. I am wondering if this lack of participation >by the broader range of stocks will eventually stall things and lead >to a longer period of stagnation. Meanwhile, of course, market is in >a very strong uptrend, so that is the way to play things.... > >If the airline stocks ever get moving, one that has a fairly good >looking chart is ACAI. With the low price of crude, I would think >that would mean lower fuel costs and higher operating margins and >therefore higher earnings. So far however this hasn't seemed like >enough to move the sector higher. > > > >- > > - ------------------------------------------------------------------------------- From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 06:24:32 -0500 >An alternative is to simply continue the existing IRA, but >make no further contributions. Instead open a Roth and make >all contributions there. Granted you have the hassle of >dealing with two accounts instead of one, but you don't get >hit with the big tax problem. Wait until you are in a low >tax bracket to either begin withdrawing from the IRA >(assuming you are over 59.5 years old) or to convert it into >a Roth. That way your tax bill may be less. This is a question that came up on a local radio show (central fla) and you can spread your tax problem associated with converting a regular ira to roth by doing it a little at a time... tom - ------------------------------------------------------------------------------- From: rolatzi Subject: RE: [CANSLIM] Darvas box/ trailing stops Date: 29 Jan 1999 03:53:43 -0800 (PST) It seems to me that the idea of narrowing Bolinger bands is exactly analagous to Bill Williams concept of the sleeping alligator which looks at the relationship between three moving averages (5, 8,13d) [however lagged by 3, 5 and 8 d] forming a tight pattern, followed by a breakout above a local maximum which he calls a fractal. This might also be simlilar to Connie's concept of looking for a ribbon. Each of these techniques would probably be useful for spotting brek ups above the bottom of the cup or stocks coming off a flat base. Gotta run. Ciao, rolatzi ---mikelu wrote: > > Darvas bought stocks as they broke out to all-time highs from a base. You > would consider the top and bottom of the base as the first box. After the > breakout, the stock will make the top of it's new box, then the bottom. You > want to own the stock as long as it doesn't break through the bottom of > it's current box. > > I guess the stock is always in a box, but just after a breakout, it's not > apparent where the top and bottom are. > > I think finding stocks near their 52 week highs would be a start, then the > narrowing Bollinger bands may indicate that the stock should move soon. > > Mike > > -----Original Message----- > From: TM [SMTP:edmalone@yahoo.com] > Sent: Thursday, January 28, 1999 11:59 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Darvas box/ trailing stops > > > > Mike, > > Would you say Zolt is in a Darvas Box right now? Also, is using > Bollinger Bands as they constrict a good way to pick out a Darvas BOX? > > Thanks, > > TM > > > > > ---mikelu wrote: > > > > The boxes can overlap, so you could be getting stopped out too > often. What > > you're supposed to do is wait for the top to be made (high not > exceeded for > > 3 days), then wait for the new bottom (low not exceeded for 3 days). > > > > Mike > > > > -----Original Message----- > > From: rolatzi [SMTP:rolatzi@yahoo.com] > > Sent: Thursday, January 14, 1999 5:19 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Darvas box/ trailing stops > > > > Why not use the top of the previous box as the stop when the stock > > jumps into its next higher box? > > Ciao, > > rolatzi > > > > > > ---mikelu wrote: > > > > > > I've been using hard stops on all my stocks this time, to be less > > > emotional. I've been trying to put them below the bottom of the > > Darvas box > > > as the stocks move up, but this latest dip in the market has pointed > > out a > > > hole in my strategy. > > > > > > When the stock breaks out of the old box to make a new high (new box > > top), > > > then reacts to make the new higher low (which will be the new bottom > > of the > > > box), there's a period of time when I'm still using the old box's > > bottom > > > for a stop. It seems like I'm risking more profit than I need to. > > > > > > I believe Darvas mentioned selling some "weak" stocks before they > > fell out > > > the bottom of the box, but that seems to put the emotion back in. > > > > > > Does anyone have a good "solution" to this? > > > > > > Thanks, > > > > > > Mike > > > > > > > > > - > > > > > > > > > > _________________________________________________________ > > DO YOU YAHOO!? > > Get your free @yahoo.com address at http://mail.yahoo.com > > > > > > - > > > > > > > > - > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] misc thoughts Date: 29 Jan 1999 07:11:22 -0500 Frank, To quote another world famous leader, "I have not had sex with that woman!" Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I do feel much better after China has now stated on World television that they will not devalue the yuan. Based solely on the prior records of World leaders, I'd say devaluation is now a certainty. But they can't really tell everyone that though can they? Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Darvas box/ trailing stops Date: 29 Jan 1999 07:36:34 -0500 I just started the first book by Bill Williams. He has not gotten into any detail yet and I think there is a second book. In any case I would like to hear any opinions on it. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of rolatzi > Sent: Friday, January 29, 1999 6:54 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Darvas box/ trailing stops > > > > It seems to me that the idea of narrowing Bolinger bands is exactly > analagous to Bill Williams concept of the sleeping alligator which > looks at the relationship between three moving averages (5, 8,13d) > [however lagged by 3, 5 and 8 d] forming a tight pattern, followed by > a breakout above a local maximum which he calls a fractal. This might > also be simlilar to Connie's concept of looking for a ribbon. Each of > these techniques would probably be useful for spotting brek ups above > the bottom of the cup or stocks coming off a flat base. Gotta run. > Ciao, > rolatzi > > > > ---mikelu wrote: > > > > Darvas bought stocks as they broke out to all-time highs from a > base. You > > would consider the top and bottom of the base as the first box. > After the > > breakout, the stock will make the top of it's new box, then the > bottom. You > > want to own the stock as long as it doesn't break through the bottom > of > > it's current box. > > > > I guess the stock is always in a box, but just after a breakout, > it's not > > apparent where the top and bottom are. > > > > I think finding stocks near their 52 week highs would be a start, > then the > > narrowing Bollinger bands may indicate that the stock should move > soon. > > > > Mike > > > > -----Original Message----- > > From: TM [SMTP:edmalone@yahoo.com] > > Sent: Thursday, January 28, 1999 11:59 PM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Darvas box/ trailing stops > > > > > > > > Mike, > > > > Would you say Zolt is in a Darvas Box right now? Also, is using > > Bollinger Bands as they constrict a good way to pick out a Darvas BOX? > > > > Thanks, > > > > TM > > > > > > > > > > ---mikelu wrote: > > > > > > The boxes can overlap, so you could be getting stopped out too > > often. What > > > you're supposed to do is wait for the top to be made (high not > > exceeded for > > > 3 days), then wait for the new bottom (low not exceeded for 3 days). > > > > > > Mike > > > > > > -----Original Message----- > > > From: rolatzi [SMTP:rolatzi@yahoo.com] > > > Sent: Thursday, January 14, 1999 5:19 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Darvas box/ trailing stops > > > > > > Why not use the top of the previous box as the stop when the stock > > > jumps into its next higher box? > > > Ciao, > > > rolatzi > > > > > > > > > ---mikelu wrote: > > > > > > > > I've been using hard stops on all my stocks this time, to be less > > > > emotional. I've been trying to put them below the bottom of the > > > Darvas box > > > > as the stocks move up, but this latest dip in the market has > pointed > > > out a > > > > hole in my strategy. > > > > > > > > When the stock breaks out of the old box to make a new high (new > box > > > top), > > > > then reacts to make the new higher low (which will be the new > bottom > > > of the > > > > box), there's a period of time when I'm still using the old box's > > > bottom > > > > for a stop. It seems like I'm risking more profit than I need to. > > > > > > > > I believe Darvas mentioned selling some "weak" stocks before they > > > fell out > > > > the bottom of the box, but that seems to put the emotion back in. > > > > > > > > Does anyone have a good "solution" to this? > > > > > > > > Thanks, > > > > > > > > Mike > > > > > > > > > > > > - > > > > > > > > > > > > > > _________________________________________________________ > > > DO YOU YAHOO!? > > > Get your free @yahoo.com address at http://mail.yahoo.com > > > > > > > > > - > > > > > > > > > > > > - > > > > > > > > > > _________________________________________________________ > > DO YOU YAHOO!? > > Get your free @yahoo.com address at http://mail.yahoo.com > > > > > > - > > > > > > > > - > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] Elder Date: 29 Jan 1999 07:38:11 -0500 I would love to hear any opinions on the triple screen system. I like it as a confirmation of a buy or sell. Can email off the list if this seems inappropriate. Thanks Charlie - ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 06:47:36 -0500 On Fri, 29 Jan 1999 00:13:39 -0500, Tom Worley wrote: >You can begin withdrawals from a tax sheltered account at >age 59.5 without incurring the 10% additional tax on the >gross withdrawal. If from a traditional IRA, then the amount >of the withdrawal is treated as ordinary income, and taxed >according to your then current tax bracket. This ignores the real possibilitiy of withdrawals prior to age 59 1/2 without penalty. The IRS rules on IRAs in Pub 590 state that withdrawals can begin at ANY age, and will be free of any penalty taxes, IF, 1. withdrawals happen at least once per year. 2. withdrawals must be approx same in size (ie.e like annuity payouts) 3. withdrawals meet the guidelines for minimum distributions (Table is in Pub 590, same table used for age 70 1/2 required distribution, and goes down to age 25, at age 110, we must take 100% out of our IRAs) 4. withdrawals must continue for at least 5 years or until age 59 1/2 is reached, whichever is LONGER. The popular press and media appear to not understand this feature of the IRA rules, it seems to never be discussed. OTOH, they are also implicitly assuming that we will all work to near age 65 or older, not needing IRA funds for support. Robert - ------------------------------------------------------------------------------- From: mckeen@ix.netcom.com Subject: [CANSLIM] Schwab ethics Date: 29 Jan 1999 06:54:00 -0600 (CST) Tim, I agree with Tom's suggestion. Don't give up. Hound them. Your money is worth the time. There must be someplace you can lodge a complaint where pressure will be placed. I'm thinking of the Attorney General's office, for example, if relevant here. Good luck, Mary - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 07:54:55 -0500 Good point, Robert, I overlooked this feature. However, I have yet to meet anyone who has used it until they were approaching retirement. Like a good mutual fund, the longer you leave the money in, the more you should have later. On the other hand, you could use this feature to move the move gradually from the IRA into a Roth, just be disciplined and not go spend it. And better still, budget to pay the income taxes that will be due upon withdrawal from the IRA out of your income, not from the money taken out of the IRA, otherwise it's just like a very expensive front end loaded mutual fund. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- On Fri, 29 Jan 1999 00:13:39 -0500, Tom Worley wrote: >You can begin withdrawals from a tax sheltered account at >age 59.5 without incurring the 10% additional tax on the >gross withdrawal. If from a traditional IRA, then the amount >of the withdrawal is treated as ordinary income, and taxed >according to your then current tax bracket. This ignores the real possibilitiy of withdrawals prior to age 59 1/2 without penalty. The IRS rules on IRAs in Pub 590 state that withdrawals can begin at ANY age, and will be free of any penalty taxes, IF, 1. withdrawals happen at least once per year. 2. withdrawals must be approx same in size (ie.e like annuity payouts) 3. withdrawals meet the guidelines for minimum distributions (Table is in Pub 590, same table used for age 70 1/2 required distribution, and goes down to age 25, at age 110, we must take 100% out of our IRAs) 4. withdrawals must continue for at least 5 years or until age 59 1/2 is reached, whichever is LONGER. The popular press and media appear to not understand this feature of the IRA rules, it seems to never be discussed. OTOH, they are also implicitly assuming that we will all work to near age 65 or older, not needing IRA funds for support. Robert - - ------------------------------------------------------------------------------- From: mckeen@ix.netcom.com Subject: [CANSLIM] The Zen of Investing Date: 29 Jan 1999 07:00:14 -0600 (CST) Frank, Johan and Db, For a time there, I thought I was losing my mind because I read what Frank did, and couldn't understand what Johan and Db were discussing. So, what did you guys read that I didn't? Regards, Mary - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re: [CANSLIM] DELL Date: 29 Jan 1999 05:53:36 -0800 (PST) <> Actually, demand determines price, not volume, though volume must play a role eventually. Once a stock is in a steady uptrend, not much volume is required to keep it in that trend as long as the demand is there. DELL, on the other hand, is more than 150% of its 200d EMA, and its angle of ascent has steepened. If you're an intermediate-term investor and you don't mind giving it 10% down to its 17/20d EMA, leave it alone. If you're a short-term investor, you may want to exit as soon as it breaks through its 9d or even its 4d. There are a variety of strategies you can follow depending on your timeframe and what sort of "indicators" you pay attention to, if any. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 06:23:22 -0800 According to Intuit's web site I have until 4/15 to convert. Is that not true? At 11:48 PM 1/28/99 -0500, you wrote: >Patrick and Mike, > >One of the benefits of converting an existing IRA to a Roth >was that you could pay the taxes that would become due over >a five year span (the money being removed from an existing >IRA were never taxed, thus when you convert you must first >pay tax on them since contributions to a Roth are "after >tax"). This option ended 28 days ago. Now if you convert, >the taxes are immediately due. Thus the "rollover amount" >could be substantially reduced. However, you are not hit >with the 10% tax penalty on the total amount that would >normally occur for an early withdrawal. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] The Zen of Investing Date: 29 Jan 1999 11:13:47 +0100 At 08:50 PM 28/01/99 -0500, you wrote: >Okay I give, what the heck are you two talking about? >I went to the link and got: >'Boring' hybrid funds for the long term > Seven funds offer a break from Internet mania > By Dr. Paul B. Farrell, > >Did they change the page before I could read it? > >Regards, >Frank Wolynski Frank, I have the article archived at home (am at work now). If you do not find it by market close today, email me and I will gladly forward the file (a HTML page) to you. Best regards, -- Johan Van Houtven - ------------------------------------------------------------------------------- From: rolatzi Subject: RE: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 06:28:04 -0800 (PST) In addition, for married couples you have to have less than $100,000 adjusted gross income to qualify for a Roth IRA conversion. I imagine that might block a number of people. Ciao, rolatzi ---Charles Cangialosi wrote: > > This is correct. > IMO a younger person gets an extra benefit from the roth. Having more time > to compound is a good thing. > Charlie > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Xiang Chen > > Sent: Thursday, January 28, 1999 11:54 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Off topic IRA query > > > > > > > > I am not a expert on this, and I myself is also trying to see > > whether it is justifiable to open an IRA account. So please > > correct me if I am wrong. > > > > The following words comes to us from Patrick Wahl: > > > This is a bit off topic, but we have a lot of investing know how on > > > the list, just had a quick question about IRA vs. Roth IRA. > > > > > > > Not everybody can contribute to a Roth IRA. There are different > > limits on your adjusted gross income (AGI) depending on your filing > > status. If you are married and filing jointly, the limit > > is $160,000, > > if I remember correctly, and the amount that you can > > contribute starts > > to phase out from $150,000. Simmilarly, the contribution to the > > traditional IRA may not be deductable if your AGI is beyond > > the limit. > > > > > If I understand things correctly, with a Roth IRA you cannot deduct > > > the initial contribution from your taxes, but after that it grows tax > > > free just like a normal IRA, but when you withdraw the funds at > > > > Traditional IRA is tax-deferred, not tax-free. you still > > have to pay > > tax when you withdraw money from the account. However, Roth IRA is > > tax-free. > > > > > retirment time, you are not taxed on the gain since the opening of > > > the Roth IRA. Is this correct? If so, seems like a Roth IRA is > > > much better option than a regular IRA. > > > > > > Also, has anyone figured out under what cirumstances it is > > > advantageous to convert an existing IRA to a Roth IRA? Thanks in > > > advance for any help on this. > > > > > > > > > > > > - > > > > > > > Actually I have one question too. Does it make sense to > > contribute to > > a traditional IRA if it is not tax deductable? The earning is tax > > deferred, but one needs to keep that money in IRA until 65 > > years old. > > > > -- > > Xiang Feng Chen > > xchen@mti.sgi.com > > > > - > > > > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] DELL Date: 29 Jan 1999 06:36:38 -0800 I have followed and traded Dell for over a year now, and I see the current price/volume pattern as encouraging. Look at the previous periods of tremendous gains for the stock. Is the gain accompanied by a surge in volume? The volume comes when Dell has topped and is basing. It did this the last two months, and again in March, May, Aug, ansd Sept-Oct. Dell is a little tricky that way but the pattern holds up for as long as I have data for the stock, back to 1/98. I have almost totally traded out of my small caps because of the false breakouts on volume followed by even higher volume shakeouts of the past few months. For another example of this pattern look at LU, the volume comes when it tries to drop out of the base, only occasionally on the advances, yet each advance holds. If ya can't beat em, join em. P.S. this doesn't hold true for even close relatives of the above techs like MSFT and AOL, which show fairly consistent volume advances followed by quiet bases. I guess the moral is you have to look at the pattern of price/vol on each stock before deciding what to look for. At 11:53 PM 1/28/99 -0500, you wrote: >I have a question concerning Dell's price/volume pattern. The stock is >trending up, while the volume is in a solid downtrend. I would view this as >a warning sign in a smaller stock, but am unsure how to interpret it in this >case. As a general rule, volume leads price, but these big stocks don't >seem to follow any rules. Are volume patterns irrelevant for big cap >stocks? I mostly invest in small-mid caps, but some of these big caps are >too good to pass up lately. Any suggestions on how to interpret this? > >Thanks in advance, >Rob > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Schwab ethics Date: 29 Jan 1999 06:52:12 -0800 I don't think it's relevant, I think it's just a matter of fairness. I'm sure if you burrow into the fine print of the agreement there will be something that absolves them of all cuplpability for everything including bad trades, mis-executed orders, system crashes, and blowing all your money in a hare-brained hedge fund and going belly-up. At 06:54 AM 1/29/99 -0600, you wrote: >Tim, > >I agree with Tom's suggestion. Don't give up. Hound >them. Your money is worth the time. There must be >someplace you can lodge a complaint where pressure >will be placed. I'm thinking of the Attorney General's >office, for example, if relevant here. > >Good luck, >Mary > > > > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Mabbs@aol.com Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 10:13:22 EST The contributions going in are after tax but the growth is tax free. Depending how much time you have before and what you expect your tax bracket to be at retirement, will determine if ROTH is better than Trad. IRA. Hope this helps JIM - ------------------------------------------------------------------------------- From: Quan Tran Subject: [CANSLIM] What is a Darvas box? Date: 29 Jan 1999 08:02:21 -0800 List members, What is a Darvas box being referred in the last few posts? Sorry if this question had been discussed in the past. I try, but have not luck with the list archive. Anyway, can we search the archive? I don't see search on http://www.xmission.com/~mcjathan/canslim/canslim.htm Quan Tran qt@qware.com - ------------------------------------------------------------------------------- From: PWahl@sysinn.com Subject: RE: [CANSLIM] What is a Darvas box? Date: 29 Jan 1999 09:27:36 -0700 > -----Original Message----- > From: Quan Tran [SMTP:qt@qware.com] > Sent: Friday, January 29, 1999 9:02 AM > > What is a Darvas box being referred in the last few posts? > > Essentially, it is just a flat base. When a stock is basing, it will trade in a certain range, and you can draw a rectangle around this range. This is a Darvas box. - ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] Gillette Date: 29 Jan 1999 11:19:14 -0500 > For those who prefer larger companies with a good chart look at Gillette > "G" It has formed a strong undeniable in my opinion cup with a perfect > handle and it is on a break out passing ADV by 11 AM. Can also be > related to a double bottom but the C&H looks perfect to me. Dried up > volume in the handle and breaking out of the handle today. It is not CS > because of size. Hope this helps some people. > > SAm > > > End of returned message - ------------------------------------------------------------------------------- From: Jerry Hickman Subject: [CANSLIM] TMBS Whisper Numbers Date: 29 Jan 1999 11:05:58 -0500 Tom, Whisper numbers are posted (are they REALLY whipsers if they are posted on the Internet?) at http://www.earningswhispers.com/ and I checked. They say whisper numbers are not usually posted until 3 or 4 weeks prior to the report date. The next report date for TMBS is 4-28-99. Don't have any idea what the whispers were for the just past qtr. Jerry Hickman Midland, MI - ------------------------------------------------------------------------------- From: "John Nogueira" Subject: Re: [CANSLIM] Gillette Date: 29 Jan 1999 11:48:54 -0500 >> For those who prefer larger companies with a good chart look at Gillette >> "G" It has formed a strong undeniable in my opinion cup with a perfect >> handle and it is on a break out passing ADV by 11 AM. Three upgrades on Gillette today: Bear Stearns from Neutral to Buy DLJ from Buy to Top Pick PaineWebber from Neutral to Attractive J o h n N o g u e i r a L o n d o n O n t a r i o C a n a d a - ------------------------------------------------------------------------------- From: "Thomas A. Moulton" Subject: [CANSLIM] Bear Market? (historical question) Date: 29 Jan 1999 12:48:52 -0500 I was listening to the aforementioned radio show and they said that they had William O'Neil on the show yesterday and that he said we were in 13 weeks of a New Bull market. 20% drop for only about 8 weeks... was that a Bear? - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] DELL Date: 27 Jan 1999 10:44:33 -0800 If you're waiting for a volume breakout, this is as close as you're going to get. 24M now; ADV=17M. Warning: Dell has had trouble with staying above 100 before, and I wouldn't be surprised in the least to see it drift back down to the mid-80s if the market weakens. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] DELL Date: 29 Jan 1999 19:55:01 +0100 For the newbies (like me) let's add that we do have a volume breakout but is not from a constructive pattern as WON defines them. So it is not a WON type of buy. Just making sure that no one jumps on the bandwagon fro the "wrong" reasons. At 10:44 AM 27-01-99 -0800, you wrote: >If you're waiting for a volume breakout, this is as close as you're going >to get. 24M now; ADV=17M. Warning: Dell has had trouble with staying above >100 before, and I wouldn't be surprised in the least to see it drift back >down to the mid-80s if the market weakens. > > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > >- > > Johan - ------------------------------------------------------------------------------- From: Mabbs@aol.com Subject: Re: [CANSLIM] Limit Orders Date: 29 Jan 1999 13:59:16 EST Consider using a full service broker who will discount his fees significantly ($50 per trade) - they're out there. He will place your stock on a watch list and when a breakout occurs with volumn requirements - it's bought. Plus you get the advantage of additional research. It works for me. JIM - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] DELL Date: 27 Jan 1999 11:09:19 -0800 I'd call it a second stage breakout from a FWH as defined by db. The CANSLIM numbers are very strong and have been for quite some time. If I were buying it (already in, have been for months) I'd not hesitate to pick it up here. So while not a pretty WON textbook chart, it is nonetheless a pretty chart, has abundant "N", and it surely is a CANSLIM buy according to most interpretations of the strategy. On 10:55 AM 1/29/99 , Johan Van Houtven Said: >For the newbies (like me) let's add that we do have a volume breakout but >is not from a constructive pattern as WON defines them. So it is not a WON >type of buy. > >Just making sure that no one jumps on the bandwagon fro the "wrong" reasons. > > >At 10:44 AM 27-01-99 -0800, you wrote: >>If you're waiting for a volume breakout, this is as close as you're going >>to get. 24M now; ADV=17M. Warning: Dell has had trouble with staying above >>100 before, and I wouldn't be surprised in the least to see it drift back >>down to the mid-80s if the market weakens. >> >> >>Tim Fisher >>Ore-Rock-On and Pacific Fishery Biologists WWW Sites >> >>Tim@OreRockOn.com >>WWW: http://OreRockOn.com >>See naked fish and rocks! >> >>- >> >> > >Johan > > > > > > >- > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "James H. Coburn" Subject: Re: [CANSLIM] What is a Darvas box? Date: 29 Jan 1999 12:13:00 -0700 Quan, Darvas boxes are explained and referred to in Nicholas Darvas' book, How I Made $2,000,000 in the Stock Market (1960). WON mentions this book from time to time when asked about what other books to read. James Coburn Albuquerque, NM (soon to be Burbank, CA) -----Original Message----- > > >> -----Original Message----- >> From: Quan Tran [SMTP:qt@qware.com] >> Sent: Friday, January 29, 1999 9:02 AM >> >> What is a Darvas box being referred in the last few posts? >> >> > Essentially, it is just a flat base. When a stock is basing, it >will trade in a certain range, and you can draw a rectangle around this >range. This is a Darvas box. > >- > > - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com Subject: [CANSLIM] How to post via ftp for canslim Date: 29 Jan 1999 13:10:51 -0700 Everyone, There are times when you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ See ftp instructions below. 2. Send mail to me directly at "owner-canslim@xmission.com" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the public directory where people will be able to download your file. 3. After I notify you that the file has been moved to the public directory (and provide you with the file's URL), you should send an email to the group describing your file, and its URL. Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury - canslim owner/admin =================================================================== FTP Instructions: 1. Using Netscape, go to the URL: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - ------------------------------------------------------------------------------- From: owner-canslim@lists.xmission.com Subject: [CANSLIM] Your canslim message will not be forwarded... Date: 29 Jan 1999 13:10:51 -0700 This is an automatic message sent to: canslim@lists.xmission.com Your message sent to the canslim group with the subject of: Fwd: [CANSLIM] Limit Orders and sent on the date/time of: Fri, 29 Jan 1999 15:08:58 EST was received. However, it has not yet been forwarded to the group. The message you sent has been returned to you (included below) and will not be forwarded to the list. Your message contained non-text information (HTML, RTF, vcard, binary attachment, etc.). The canslim list is configured to prevent non text postings to the group because these non-text formats are incompatible with the digest version of canslim. You have two options: 1. Reformat your email into plain text and resend it. 2. Distribute your non-text information via canslim's ftp site. This option is terrific for distributing graphs, tables, pictures, etc. to the group. A second email will follow this email explaining how to share ftp files with the canslim group. If you have any problems or questions, feel free to contact me. Best Regards, Jeff Salisbury - canslim owner/admin ---------------- Your Original Message ---------------- From Mabbs@aol.com Fri Jan 29 13:10:36 1999 Received: from [198.81.17.9] (helo=imo19.mx.aol.com) by lists.xmission.com with esmtp (Exim 2.05 #1) id 106KFP-0002lt-00 for canslim@lists.xmission.com; Fri, 29 Jan 1999 13:10:35 -0700 Received: from Mabbs@aol.com by imo19.mx.aol.com (IMOv18.1) id HQXUa20087 for ; Fri, 29 Jan 1999 15:08:58 -0500 (EST) Message-ID: Mime-Version: 1.0 Content-type: multipart/mixed; boundary="part0_917640531_boundary" X-Mailer: AOL 3.0 for Windows 95 sub 64 This is a multi-part message in MIME format. --part0_917640531_boundary Content-ID: <0_917640531@inet_out.mail.aol.com.1> Content-type: text/plain; charset=US-ASCII In a message dated 99-01-29 14:03:13 EST, Mabbs@aol.com writes: << canslim@lists.xmission.com >> --part0_917640531_boundary Content-ID: <0_917640531@inet_out.mail.aol.com.2> Content-type: message/rfc822 Content-transfer-encoding: 7bit Content-disposition: inline Return-Path: Received: from rly-za02.mx.aol.com (rly-za02.mail.aol.com [172.31.36.98]) by air-za01.mail.aol.com (v57.6) with SMTP; Fri, 29 Jan 1999 14:03:13 -0500 Received: from lists.xmission.com (lists.xmission.com [198.60.22.7]) by rly-za02.mx.aol.com (8.8.8/8.8.5/AOL-4.0.0) with ESMTP id OAA25097; Fri, 29 Jan 1999 14:03:08 -0500 (EST) Received: from domo by lists.xmission.com with local (Exim 2.05 #1) id 106JBO-0006X9-00 for canslim-goout@lists.xmission.com; Fri, 29 Jan 1999 12:02:22 -0700 Received: from [198.81.17.8] (helo=imo18.mx.aol.com) by lists.xmission.com with esmtp (Exim 2.05 #1) id 106JBL-0006WV-00 for canslim@lists.xmission.com; Fri, 29 Jan 1999 12:02:19 -0700 Received: from Mabbs@aol.com by imo18.mx.aol.com (IMOv18.1) id TOIJa20554 for ; Fri, 29 Jan 1999 13:59:16 -0500 (EST) Message-ID: <1b08c90.36b20504@aol.com> X-Mailer: AOL 3.0 for Windows 95 sub 64 Sender: owner-canslim@lists.xmission.com Precedence: bulk Reply-To: canslim@lists.xmission.com X-No-Archive: yes Mime-Version: 1.0 Content-type: text/plain; charset=US-ASCII Content-transfer-encoding: 7bit Consider using a full service broker who will discount his fees significantly ($50 per trade) - they're out there. He will place your stock on a watch list and when a breakout occurs with volumn requirements - it's bought. Plus you get the advantage of additional research. It works for me. JIM - --part0_917640531_boundary-- ---------------- End of Your Original Message ---------------- - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 18:29:34 -0800 > Patrick and Mike, > > Like anything else with investing, there is no simple > answer, or one that works for all. The best features of the > Roth IRA apply to the younger investors, who can not only Tom, and others who responded, thanks for the answer, I had a feeling you knew something about the subject. Also, for anyone like me who might be thinking of opening some form of ira this year, I was told that Vanguard now offers accounts where you can have the option of investing in Vanguard funds, a few other funds from other mutual fund families, and buying stock, so seems like lots of alternatives. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Off topic IRA query Date: 29 Jan 1999 22:29:08 -0500 Tim, As I said, I'm a declared "non expert" on all the details, but my understanding is that the option to amortize the tax bill over five years expired 12/31/98 for those that had not already elected to switch their IRA to a ROTH. Perhaps you may want to check with the IRS website for a more definite (maybe more reliable) answer. If the IRS site appears to give you till 4/15, I would suggest you download and/or print their guidance as future defense just in case their interpretation may change. Same goes for any other site. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- According to Intuit's web site I have until 4/15 to convert. Is that not true? At 11:48 PM 1/28/99 -0500, you wrote: >Patrick and Mike, > >One of the benefits of converting an existing IRA to a Roth >was that you could pay the taxes that would become due over >a five year span (the money being removed from an existing >IRA were never taxed, thus when you convert you must first >pay tax on them since contributions to a Roth are "after >tax"). This option ended 28 days ago. Now if you convert, >the taxes are immediately due. Thus the "rollover amount" >could be substantially reduced. However, you are not hit >with the 10% tax penalty on the total amount that would >normally occur for an early withdrawal. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] TMBS Whisper Numbers Date: 29 Jan 1999 22:39:36 -0500 Thanks Jerry, I think I remember this address being posted before, but couldn't find it. Oh well, maybe next time, at least TMBS so far (knock on the timber) didn't tank on good news. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Tom, Whisper numbers are posted (are they REALLY whipsers if they are posted on the Internet?) at http://www.earningswhispers.com/ and I checked. They say whisper numbers are not usually posted until 3 or 4 weeks prior to the report date. The next report date for TMBS is 4-28-99. Don't have any idea what the whispers were for the just past qtr. Jerry Hickman Midland, MI - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: ITWO - I TWO Technologies Date: 29 Jan 1999 22:41:10 -0500 Oops, looks like another math error. Anyway, self explanatory. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Tom, The 71.2 mil capitalization is correct, and the float being 39% of that is correct. We are adjusting our % owned by management to be 61%. Thanks, Daily Graphs Online -----Original Message----- Sent: Thursday, January 28, 1999 8:17 PM Spotted another problem with the database data. Chart shows issue of 71.2 million shares, with management owning 84%. This should leave a float of around 10 million shares unless my math is failing me badly. However, the f4 chart shows a float of 27.7 million shares, something more than a slight difference. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Bear Market? (historical question) Date: 29 Jan 1999 22:48:42 -0500 Eight weeks was certainly enough to barbeque the bull, tho not sure it's enough to call it a bear mkt. On the other hand, tho I'm glad to hear WON declare this a new bull mkt, I'm not convinced (my Dow Theorist, and my economist nature prevailing here). So long as the Trans Index looks so poorly, I am not convinced that this economy, even as the #1 in the globe, is yet healthy enough with all the global winds buffeting it to sustain a true bull mkt. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I was listening to the aforementioned radio show and they said that they had William O'Neil on the show yesterday and that he said we were in 13 weeks of a New Bull market. 20% drop for only about 8 weeks... was that a Bear? - - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: [CANSLIM] Superlative Sites - Smart Money Economic Indicators Date: 30 Jan 1999 00:27:03 -0500 This is one very nice development in regards to understanding economic indicators, leading and lagging. Tom often speaks of these issues and I read like a scout, but can only wish I had his understanding, expertise and experience. Smartmoney just gave dummies like me the ability to grasp it. http://www.smartmoney.com/smt/markets/economy/ It is worth the trip, if you have the least bit of interest in the economy as a whole. Regards, Frank Wolynski wolynski@mindspring.com http://wolynski.home.mindspring.com/ - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] NLP & Zen psychology + killer instinct = getting Date: 30 Jan 1999 13:35:21 +0100 Here's the link to the original article that Db first mentioned: The formula for successful investing Zen psychology + killer instinct = getting rich! http://cbs.marketwatch.com/archive/19990127/news/current/superstar.htx Basically it says: Now that anyone (on the net) has practically the same tools and information as the pro's, what is left is your mind set, your ability to control your own mind. If you do not learn to control your own mind your chances of becomming a very succesful trader/investor are significantly slimmer. For those who want to learn to "drive their own bus (mind)" here is a nice introduction to a tool/method that does just that: NLP (Neuro-Linguistic Programming): http://www.idea-seminars.com/whatsnlp.html Johan - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Bear Market? (historical question) Date: 30 Jan 1999 06:09:13 -0800 Like you I am suspicious but nonetheless caved in to the tape and put my 15% cash pile back on the table. Picked up some "defensives" (for me anyway) from the Mattress Stuffer list - COST and WMT. Wish I had looked at G before I did that. Oh well, got them cheap first thing and they closed in the money for me - a rare occasion! At 10:48 PM 1/29/99 -0500, you wrote: >Eight weeks was certainly enough to barbeque the bull, tho >not sure it's enough to call it a bear mkt. On the other >hand, tho I'm glad to hear WON declare this a new bull mkt, >I'm not convinced (my Dow Theorist, and my economist nature >prevailing here). So long as the Trans Index looks so >poorly, I am not convinced that this economy, even as the #1 >in the globe, is yet healthy enough with all the global >winds buffeting it to sustain a true bull mkt. > >Tom W >stkguru@netside.net >ICQ # 5568838 > > >-----Original Message----- >From: Thomas A. Moulton >To: canslim@lists.xmission.com >Date: Friday, January 29, 1999 12:44 PM >Subject: [CANSLIM] Bear Market? (historical question) > > >I was listening to the aforementioned radio show and they >said that they >had William O'Neil on the show >yesterday and that he said we were in 13 weeks of a New Bull >market. > >20% drop for only about 8 weeks... was that a Bear? > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO New Highs Date: 30 Jan 1999 09:16:40 -0500 Despite the impressive new highs in Nasdaq this past week, it's not reflected so much in this list. Problem is, it's much of the same stocks hitting the new highs, breadth is quite poor. The total for the week is only 280, of which 139 meet the basic RS/EPS test of 80/80. And of these 139, 87 hit at least one of their new highs on Friday, 1/29/99. If you were not in the right stocks last week, it may not have been so rosy. Still, I must admit that it is somewhat comforting to see some of the usually boring big cap blue chips still able to make this list. You will find ones like Eli Lilly, Microsoft (actually that's not that much of a surprise), United Technologies, Dell (again, no surprise), General Electric, Clorox!!!!, Pitney Bowes, and Xerox. Anyway, happy hunting, here's the entire list. SWD, GUC, AMWD, XOMD, RESM, CTSH, SDLI, ALSI, ITII, KARE, BSYS, AXTI, GIB, PLXS, LSON, MSS, EMPI, ACSC, CGX, DY, VRTS, CAO, ORLY, MMS, SEH, CAER, IBI, TAGS, RFMD, ETEK, CTAS, MTNT, FIC, SODK, ESI, PLCE, SEIC, AGN, CLFY, GKSRA, ATK, EWB, MOBI, AVEI, PVN, MMGR, HDI, WHIT, FOSL, VOD, BHW, BGG, WAG, ATYTF, PPDI, ACTN, ZQK, LLY, BOBJY, OMC, BJICA, ECILF, TOM, AUD, TSFW, CRFT, MNC, MSFT, RGIS, CRDT, ANF, UTX, FYII, METZ, SCH, CMVT, TMPW, CTS, KSS, CSCO, SWFT, ORCL, CHRW, NEON, WAT, DELL, GILTF, MRX, UNPH, ACCOB, NLCS, PFGC, SALT, CVD, GENZ, ACS, GE, JAKK, ADVS, AVS, CLX, SEBL, AMGN, CCL, EDMC, PBI, RYAN, EAGL, CSN, FMY, BELFB, CPN, DNEX, MDCC, GDT, COST, VTSS, UFS, ECL, RCII, OCLI, LOW, KR, GTW, ARMHY, PDX, WMT, EMC, VMC, GLC, LXK, YNR, MDT, CGO, FDS, CHD, XRX, GPS, and finally KRB. Tom W stkguru@netside.net ICQ # 5568838 - ------------------------------------------------------------------------------- From: "Dan Sutton" Subject: [CANSLIM] Why G is not exciting Date: 30 Jan 1999 07:49:26 -0700 I have obviously missed something in the discussion group over the past couple of days concerning Gillette. According to a few analyst's opinion, it suddenly appears to be a great candidate so I went back into my TELESCAN files to see what the story is and why I might have missed it....and still decided I wouldn't touch G with 10 foot pole. Either the TELESCAN numbers are way off (which is not out of the question), or the only thing driving the stock are a few analyst's upgrades. Based on a scan I run every night, following are some of the numbers for Gillette: TELESCAN EPS rank: 77 (once in a while this roughly corresponds to the IBD EPS rank) 1 year projected earnings growth rate: .7 # of qtrs over the last 5 years that earnings have increased: 16 # of qtrs over the past 5 years that dividends have increased: 15 EPS stability: 87.4 Projected earnings change this qtr: -4.9 ROE: 22.1 1 year sales increase: -.09 # of positive earnings surprises over the last 4 qtrs: 0 Price / Sales ratio : 6.7 Approximate Projected price using earnings times projected increase times Benchmark PE - $47 7/8 Out of all the categories I looked at, G ranks poorly in each one. Of the 107 candidates returned by last night's Telescan run, Gillette ranked 106th. Based on size and history, we know G is not a good momentum stock, we know it isn't a CANSLIM candidate, we know it isn't a good HGS candidate so all that is left is a long term Value candidate...but based on value criteria it is a poor investment choice as well. To me this appears to be a case of a few brokerage companies attempting to drum up some business. - ------------------------------------------------------------------------------- From: dbphoenix Subject: Re: [CANSLIM] Elder Date: 30 Jan 1999 06:59:05 -0800 (PST) <> I use a triple screen of sorts as I described it last spring during all that discussion and more or less as I describe the zeroing-in process this week at the site in reference to EFII and FLEX. But I'm not all that enthusiastic about Elder's triple screen because it requires a shorter-term mindset than I'm comfortable with and because it's too much momentum-based. After studying this at length, I've concluded that an uptick in some indicator or other is just not enough to provide the level of confidence in an entry that I require. But strength in an indicator, whether it be the MACD histogram or the MACD itself or a stochastic or the RSI or whatever, IN COMBINATION WITH the right pattern, whether it be a handle base or rectangular base or flat base or MA or price support bounce etc., is a virtually unbeatable combination. Buying something for no other reason than that some indicator tells you to is not the best course for most people. Doing so encourages the disconnectedness which most people feel toward their investing anyway. --Db == "Lessons are repeated until they are learned." http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] Elder Date: 30 Jan 1999 10:08:51 -0500 DB, I agree with you completely. I dont know about momentum but I think Elder is a good confirmation when you find something that interests you. My goal is to filter out the majority of bad trades. As I see it the best way to do that is to find a decent company in a decent group, then use whatever confirmation method seems appropriate. Thanks Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of dbphoenix > Sent: Saturday, January 30, 1999 9:59 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Elder > > > > < like it as a confirmation of a buy or sell.>> > > I use a triple screen of sorts as I described it last spring during > all that discussion and more or less as I describe the zeroing-in > process this week at the site in reference to EFII and FLEX. But I'm > not all that enthusiastic about Elder's triple screen because it > requires a shorter-term mindset than I'm comfortable with and because > it's too much momentum-based. > > After studying this at length, I've concluded that an uptick in some > indicator or other is just not enough to provide the level of > confidence in an entry that I require. But strength in an indicator, > whether it be the MACD histogram or the MACD itself or a stochastic or > the RSI or whatever, IN COMBINATION WITH the right pattern, whether it > be a handle base or rectangular base or flat base or MA or price > support bounce etc., is a virtually unbeatable combination. > > Buying something for no other reason than that some indicator tells > you to is not the best course for most people. Doing so encourages > the disconnectedness which most people feel toward their investing > anyway. > > --Db > > > > == > > "Lessons are repeated until they are learned." > http://home.talkcity.com//MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Why G is not exciting Date: 30 Jan 1999 10:28:47 -0500 Dan, From a CANSLIM perspective, I pretty much totally agree with you. However, many analysts have never even heard of CANSLIM, much less have the foggiest idea of how to invest or manage/mangle a portfolio. A lot of analysts are defensive in nature, and value oriented (e.g. the least risk in a stock the less risk they take in their occupation). And while most of G is not CANSLIM, their growth in earnings and dividends over the past five years makes them a "safe" and "defensive" (esp with all the high valuations lately) recommendation. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- I have obviously missed something in the discussion group over the past couple of days concerning Gillette. According to a few analyst's opinion, it suddenly appears to be a great candidate so I went back into my TELESCAN files to see what the story is and why I might have missed it....and still decided I wouldn't touch G with 10 foot pole. Either the TELESCAN numbers are way off (which is not out of the question), or the only thing driving the stock are a few analyst's upgrades. Based on a scan I run every night, following are some of the numbers for Gillette: TELESCAN EPS rank: 77 (once in a while this roughly corresponds to the IBD EPS rank) 1 year projected earnings growth rate: .7 # of qtrs over the last 5 years that earnings have increased: 16 # of qtrs over the past 5 years that dividends have increased: 15 EPS stability: 87.4 Projected earnings change this qtr: -4.9 ROE: 22.1 1 year sales increase: -.09 # of positive earnings surprises over the last 4 qtrs: 0 Price / Sales ratio : 6.7 Approximate Projected price using earnings times projected increase times Benchmark PE - $47 7/8 Out of all the categories I looked at, G ranks poorly in each one. Of the 107 candidates returned by last night's Telescan run, Gillette ranked 106th. Based on size and history, we know G is not a good momentum stock, we know it isn't a CANSLIM candidate, we know it isn't a good HGS candidate so all that is left is a long term Value candidate...but based on value criteria it is a poor investment choice as well. To me this appears to be a case of a few brokerage companies attempting to drum up some business. - - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Why G is not exciting Date: 30 Jan 1999 08:13:39 -0800 Add Ian Woodward to your list then; he has it on his Mattress Stuffer list along with some lofty company. At 07:49 AM 1/30/99 -0700, you wrote: >I have obviously missed something in the discussion group over the past >couple of days concerning Gillette. According to a few analyst's opinion, it >suddenly appears to be a great candidate so I went back into my TELESCAN >files to see what the story is and why I might have missed it....and still >decided I wouldn't touch G with 10 foot pole. Either the TELESCAN numbers >are way off (which is not out of the question), or the only thing driving >the stock are a few analyst's upgrades. Based on a scan I run every night, >following are some of the numbers for Gillette: > >TELESCAN EPS rank: 77 (once in a while this roughly corresponds to the IBD >EPS rank) >1 year projected earnings growth rate: .7 ># of qtrs over the last 5 years that earnings have increased: 16 ># of qtrs over the past 5 years that dividends have increased: 15 >EPS stability: 87.4 >Projected earnings change this qtr: -4.9 >ROE: 22.1 >1 year sales increase: -.09 ># of positive earnings surprises over the last 4 qtrs: 0 >Price / Sales ratio : 6.7 >Approximate Projected price using earnings times projected increase times >Benchmark PE - $47 7/8 > >Out of all the categories I looked at, G ranks poorly in each one. Of the >107 candidates returned by last night's Telescan run, Gillette ranked 106th. > >Based on size and history, we know G is not a good momentum stock, we know >it isn't a CANSLIM candidate, we know it isn't a good HGS candidate so all >that is left is a long term Value candidate...but based on value criteria it >is a poor investment choice as well. > >To me this appears to be a case of a few brokerage companies attempting to >drum up some business. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Candlesticks [Connie Mack] Date: 30 Jan 1999 12:13:02 -0500 Interested in Candlestick charting? Can get 30-day free access to premium service without giving up a credit card number: http://www.litwick.com/books.html Connie Mack - ------------------------------------------------------------------------------- From: "Dan Sutton" Subject: [CANSLIM] Anyone using Trade Station? Date: 30 Jan 1999 11:36:37 -0700 If there is anyone on the list who is using TradeStation, and would be willing to input a formula for me (in Easy Language), please email me at : dsutton1@cris.com I am using Supercharts v4, but unfortunately can't access the Power Editor. Thanks Dan - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] HD Date: 30 Jan 1999 18:01:29 -0500 Does anyone think that HD is going into the handle of a CWH. I dont know if you would consider 4 weeks in a cup enough time. HD has been strong in the past, perhaps this is a little consolidation and it my go again. I am thinking just below or at 62 should be the spot. I dont know at this point if the earnings are due. I need to check that. There is something a little disquieting about getting into a stock that is about to release earnings. Humph. Charlie - ------------------------------------------------------------------------------- From: Chris Thornlow Subject: [CANSLIM] GPSI Date: 30 Jan 1999 15:16:11 -0800 (PST) Been looking at Great Plains Software. I'm realtively new at this so bear with me. GPSI - 96 89 AAB Ann EPS - +53 LQ EPS - +33% v (down arrow) PQ EPS - +36% ^ (up arrow) LQ Sales - +59 v Mgmt Owns 40 % ROE 21.6% v Sponsor D The chart (my weakest part of CANSLIM) looks like a CWH with the cup between late Sep and late Dec, with the handle near a finish now. 50 and 100 SMA in an upward trend. Since I'm new, this looks like a break out point at 49 1/2. Now the tough part for me has been the reading of the volume against the formation of the CWH. Any takers on this one? GPSI is in the ERP software business. ct == LCDR Chris Thornlow, USN nimaio@yahoo.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] HD Date: 30 Jan 1999 18:21:36 -0500 Charlie, their fiscal year and fourth quarter ends this weekend, and they are due to report on 2/24. I would view this more as a normal and healthy consolidation of the recent move from 45 to 60 rather than a cup and handle. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Does anyone think that HD is going into the handle of a CWH. I dont know if you would consider 4 weeks in a cup enough time. HD has been strong in the past, perhaps this is a little consolidation and it my go again. I am thinking just below or at 62 should be the spot. I dont know at this point if the earnings are due. I need to check that. There is something a little disquieting about getting into a stock that is about to release earnings. Humph. Charlie - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] GPSI Date: 30 Jan 1999 18:35:12 -0500 Hi Chris, from one sailor to another, even if you're a flyboy You don't mention where you get your data, but since Daily Graphs has slightly different data, I will include that. First, as to your basic question on volume and the chart, I would see this as a cup and handle with the left rim of the cup back in late Sep when it hit 49 7/8. The right rim was set in mid December when it entered a trading range roughly 45 to 47.5. Volume more recently has dropped, and the handle smoothed out at 45 then moved up slightly to the 47-48 level. Worth watching, pay attention to volume driven breakout. DGO shows the basic data as RS 90, EPS 96, GRS at 86, GPSI is #2 in the group. Management owns 40% of the issue, funds own 21% of the float. 5 year earnings growth rate is 84% while ROE is 22%. Accum/dist is B while Timeliness is A. There is a small short position (1.5 days at an ADV of 61,900). Up/down ratio is 1.3, this should strengthen if it breaks out, tho may not give a warning in time. Semper Paratus Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Been looking at Great Plains Software. I'm realtively new at this so bear with me. GPSI - 96 89 AAB Ann EPS - +53 LQ EPS - +33% v (down arrow) PQ EPS - +36% ^ (up arrow) LQ Sales - +59 v Mgmt Owns 40 % ROE 21.6% v Sponsor D The chart (my weakest part of CANSLIM) looks like a CWH with the cup between late Sep and late Dec, with the handle near a finish now. 50 and 100 SMA in an upward trend. Since I'm new, this looks like a break out point at 49 1/2. Now the tough part for me has been the reading of the volume against the formation of the CWH. Any takers on this one? GPSI is in the ERP software business. ct == LCDR Chris Thornlow, USN nimaio@yahoo.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] HD Date: 30 Jan 1999 16:34:10 -0800 I wouldn't worry about where to buy HD. It's not likely to breakout in CANSLIM fashion. I'd buy it wherever it happens to be and hold onto it intermediate-long term. It's one of 2 that I am planning on buying when I can raise the cash. The other is Safeway. At 06:01 PM 1/30/99 -0500, you wrote: > > Does anyone think that HD is going into the handle of a CWH. I dont know if >you would consider 4 weeks in a cup enough time. HD has been strong in the >past, perhaps this is a little consolidation and it my go again. I am >thinking just below or at 62 should be the spot. I dont know at this point >if the earnings are due. I need to check that. There is something a little >disquieting about getting into a stock that is about to release earnings. >Humph. > >Charlie > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: Weekly Economic Update Date: 30 Jan 1999 18:16:57 -0500 For members interested in economics, as well as those trying to gauge "M", the US economy continues to surprise to the upside. This past week's data clearly showed stronger than expected spending and growth, while showing a tightening labor market and lowering inflationary pressure. The best of all possible worlds, and it's been going on for years now. I agree with the author of the report below that the Feds will not change rates at the upcoming meeting, and more likely will shift the bias towards a future rate hike. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- WELCOME - Vol. 4 No. 6 TIMELY INVESTMENT INFORMATION - Weekly Economic Update ====================================================== Welcome ! For new and old subscribers, there is an Archive Section for your convenience. It lists the original copy of each of our research reports, updates to those reports, and articles that we have published. Both Gillette and First Data reported fourth quarter earnings so we have posted updates for both companies. http://www.stockresearch.com/archive.html Archive ============================================================ ==== WEEKLY UPDATE FOR: January 30, 1999 Prior Week in Review: Financial Market Highlights: ============================ 1/29/99 1/22/99 %Change S&P 500 1,279.64 1,225.19 +4.44% Dow Jones 9,358.83 9,120.67 +2.61% NASD Comp 2,505.89 2,338.88 +7.14% Russell 2000 427.22 422.44 +1.13% SOX Index 420.45 392.76 +7.05% Value Line 431.10 431.47 -.09% MS Growth 554.46 534.35 +3.76% MS Cyclical 470.20 467.65 +.57% T - Bill 4.36% 4.25% +11 BP Long Bond 5.09% 5.08% +1 BP Gold - Oz-Near Month $286.20 $286.80 -$.60 Silver - Oz-Near Month $5.24 $5.10 +$.14 Economic News: ============== Fourth Quarter Economic Growth Way Above Trend at 5.6% No Chance for Rate Reduction at FOMC Meeting But, Asymmetric Policy May Be Reinstated *Existing Home Sales in December rose +3.1% to Annualized Rate of 5.03 million - A Record *Consumer Confidence rose to 127.6 in January from 126.7 *Employment Cost Index only up +.7% in Fourth Quarter *Jobless Claims drop -15,000 to 301,000 - Four Week Moving Average falls -17,750 to 333,250 - See Below *December Durable Goods Orders rose +1.9% - Core Rate Without Volatile Transportation Sector rose +2.8% *Fourth Quarter Gross Domestic Product (GDP) grew at +5.6% Led by personal spending *Chicago Purchasing Managers' Index falls to 47.1 in January From December's 51.1 - December's gain was a stretch *Univ. of Michigan Consumer Sentiment Index rises to 103.9 For January from 100.5 in December As longer term readers know, we have been more positive on the economy than most. But, even we were truly surprised by the fourth quarter growth rate. We had been expecting above trend, but not more than twice trendline growth. It truly was a great quarter - fantastic growth, and inflationary pressure eases as documented in the Employment Cost Index. What more could one ask for? Because monetary policy operates with a lag, clearly we were correct that the recent rate cuts were not necessary. But, for that very same reason the FRB should now be concerned that the stimulus could "kick in" and turn already above trend growth into the beginning of the buildup of inflationary pressures. Certainly the economic data to date implies that the first quarter growth rate will also be very strong. The jobless claims data was revised sharply lower, so we were right that the seasonal adjustment process simply couldn't cope, and the labor markets remain strong - although we will get additional data this week. The point here is that because we believe in the "income effect" we are fairly confident that consumer spending will hold up. In addition, consumer confidence rose in both the major surveys, even as the impeachment trial was getting under way, and the stock market was correcting from recent highs. And, we have noted many times that as long as consumers have both the confidence and the income, it is highly likely they will spend - as they did in the fourth quarter. What is somewhat surprising is the continuing strength in durable goods orders - gains in six of the last seven months. And, this in the face of the Asian Crisis and more recently Brazil. In other words, softness in the manufacturing sector has yet to materialize. Combined with the strong trends in consumer spending, the result is a robust economy, that so far has generated zero inflationary pressure. But, the FRB must be worried. First, Chairman Greenspan implied that the Philips Curve (the trade off between lower levels of unemployment and higher inflation) may no longer have the relevance it did. And, as we noted last week, there were a lot of comments about asset values recently, even though the FRB claims not to be targeting them. So, where's the game plan? Our view is that the FRB will return to the simple model of weighing the risks of action against inaction. In this context, they will certainly not lower rates at the upcoming meeting, and given the fragility of the situation in Brazil, an increase seems like a long shot bet, particularly as there is no political cover whatsoever as there are no inflationary blips on the radar screen. But, they could send a somewhat delayed message by adopting an asymmetric policy with a bias toward raising rates. Then, depending upon how Brazil unfolds, they could either "pre-announce" their minutes in different speeches, or simply wait until the formal minutes are released after the next meeting. In our view it is an option that would fit their "risk assessment model", and document that they are alert to the potential inflationary threat of continued above trend economic growth. It would also have the side "benefit" of putting the possibility of a rate increase back on investors' radar screens, as we suggested last week. If so, it would help deflate the asset bubble that the FRB seems so worried about. Clearly not a sure bet, but a reasonable option for the FOMC. Unfortunately we won't know for a while, unless they "pre-announce" quickly, but in any case the added uncertainty should keep volatility high. Stay tuned ! Current Weekly Calendar of Economic Data: ========================================= Monday: Personal Income/Spending, Construction Spending, National Purchasing Managers' Index Tuesday: Federal Reserve Open Market Committee (FOMC) Meeting, New Home Sales, Leading Indicators Wednesday: FOMC Meeting Concludes Thursday: Jobless Claims, Factory Orders, FOMC December Meeting Minutes Friday: Labor Department Report, Consumer Credit ************************************************************ ****** As we continue to build both our Newsletter and our Website, we welcome your feedback, so please feel free to e-mail me at: mailto:bobbose@stockresearch.com To UNSUBSCRIBE, just send an e-mail to: timely-invest-off@mail-list.com Be sure to use the e-mail address from which you subscribed. To SUBSCRIBE, just send an e-mail to: timely-invest-on@mail-list.com To CHANGE, put either your new or old e-mail address in the subject line and the other address in the from line and send to: timely-invest-change@mail-list.com DISCLAIMER: =========== The foregoing has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. It does not purport to be a complete description of the securities, markets, or developments referred to in the material. All expressions of opinion are subject to change without notice. The information is obtained from internal and external sources which we consider reliable but we have not independently verified such information and we do not guarantee that it is accurate or complete. We do not undertake to advise you to any changes in figures or our views. We, our employees, clients, and or officers and directors, may from time to time have a long or short position in the securities mentioned and may sell or buy such securities. -- Bob Bose Green Mtn. Asset Mgt. Corp., 139 Bank Street, Burlington, VT 05401 FREE Investment Newsletter - http://www.stockresearch.com FREE Trial Investor's Business Daily http://www.stockresearch.com/ibdform.html 800 - 385- 2673 / 802 - 658 - 7806 ------------------ To unsubscribe, please send a blank message to timely-invest-off@mail-list.com - ------------------------------------------------------------------------------- From: Chris Thornlow Subject: Re: [CANSLIM] GPSI Date: 30 Jan 1999 18:28:18 -0800 (PST) Thanx for the info from DGO. I don't subscribe to it but got my data from IDB. Info was from last week in one of the IDBs. Group strength I don't see in IDB. One of my weknesses in getting the right info is that many times I am hindered to find the EPS info and the like unless the stock shows up in the small stock chart areas in wither the NASDAQ or NYSE pages and then I can pull the info down. I'm not real thrilled with the idea that I would have to subscribe to DGO to get the rest of the info. It's a little pricey. I wish IDB was available on line to do data searches and screens. I think WON would make a killing. I'm looking at GPSI; if the price moves past 49 1/2 on strong volume, this would be my buy point, correct? Not asking for anyone to tell me to buy, just trying to understand the principles of CS better. Thanx in advance. ct Not a flyboy, an intel type. == LCDR Chris Thornlow, USN nimaio@yahoo.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Randy Harmelink" Subject: [CANSLIM] Re: Darvas Boxes Date: 30 Jan 1999 22:26:52 -0600 Although I have found value in Darvas Boxes, supposedly his books are works of fiction. For what it's worth, my understanding of the situation is that: -- Darvas' book was on the best seller list of New York for over 6 months when published in 1960. -- In July of 1960, the state of NY passed laws against forms of deceptive investment advertising. -- The Attorney General of New York State filed a suit to prohibit sale of the book and demanded financial records, claiming the actual profit was $216,000 on 30 collateral loans totaling over $1 million. -- Financial records were never produced and Darvas stayed in Paris outside of US law. -- By 1962, the case was settled on the basis that it was a fictional autobiography. > From: James H. Coburn[SMTP:cando@highfiber.com] > Sent: Friday, January 29, 1999 1:13 PM > > Darvas boxes are explained and referred to in Nicholas Darvas' book, How I > Made $2,000,000 in the Stock Market (1960). WON mentions this book from > time to time when asked about what other books to read. - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] The Zen of Investing Date: 31 Jan 1999 05:16:59 GMT On Thu, 28 Jan 1999 19:12:07 +0100, you wrote: :Db, : :Why are you so negative on this article? I kinda liked it! : :At 08:31 AM 28-01-99 -0800, you wrote: :> :> :>http://cbs.marketwatch.com/news/current/superstar.htx?source=3Dhtx/http= 2_mw :> :>This is an outstanding piece. It should be at the very front of :>everyone's journal. It should be read every morning at breakfast. It :>should be on the nightstand. I'd suggest tatooing if it weren't too :>long. :> :>--Db=20 : : :;^) Indeed, this article is a must read and a keeper. <-----!!! : I went to this address today, but it's been supplanted by a newer article dated 1/29/99. Could someone post the original article to this list of forward a copy of it direcly to me (I'm assuming that somebody kept this keeper!)?? Thanks! Dan : :Johan : : : : : : :- : - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] TOM, GLC Date: 30 Jan 1999 22:22:12 -0800 Two stocks that broke out to new highs on similar looking charts are Tommy Hilfiger (TOM), and Galileo Internation GLC). I can't really say exactly what the chart patterns are, maybe cups without handles, so possibly suspect. I know that TOM this week reported earnings that were 7 cents ahead of estimates. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] GPSI Date: 30 Jan 1999 22:29:45 -0800 Date sent: Sat, 30 Jan 1999 18:28:18 -0800 (PST) > I'm looking at GPSI; if the price moves past 49 1/2 on strong volume, > this would be my buy point, correct? Not asking for anyone to tell me > to buy, just trying to understand the principles of CS better. Yes, I'd say you have correctly identified the buy point. Only thing about this chart that I find a bit bothersome is that hole on or near Jan. 5, and also the drop from 47 to 31 in about a 6 day period in early October. If I'm worried it probably will double in price, just that stocks with a history of sharp price drops/price swings tend to continue those trading characteristics in the future. You may have to be pretty attentive to this one if you buy. - ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: Zen of Investing Date: 31 Jan 1999 05:44:33 GMT On Thu, 28 Jan 1999 21:10:12 -0800 (PST), you wrote: :<> : :Looks like they did, Frank. At the bottom of the piece you got, :there's a link for "more editorials". Click that, then select "Zen :Psychology + Killer Instinct . . .". : :And Johan, you're welcome to talk psychology as much as you like on my :message board or on the Yahoo CANSLIM Club board. People will catch :up eventually. : :--Db I found the article, and the link is as described above. I'd quote a portion of the article but I fear that some on this board or possibly elsewhere think this may be inadvisable. It is not important. The point I want to address here is the question that is often brought up of why the fund managers cannot, in up to 80% of instances, beat indexes. I believe that the answer is quite simply that the individual investor has a great advantage over a fund manager. While such managers do have access to powerful tools that the individual investor does not, such as streaming real-time quotes, WON's expensive corporate investment services, etc., the fund manager develops a modis operandi that precludes many of the strategies that can work for the individual investor. A fundie, for example, is not apt to dump half of his holdings (or all of his holdings!) in a heartbeat, or suddenly invest half his equity on a surging stock. When you manage 8 billion dollars in assets your strategies and basic view and sense of what the game consists of is much different. Individual investors have a great deal more freedom, if less information than a fund manager, and can react quicker to changes in market conditions.=20 Suppose a market top is reached. Is the manager going to sell everything in 15 minutes? No. He's going to decrease his exposure to equity markets by 10% and reallocate funds to fixed income securities, and it will probably take him some time to do this.=20 If anyone wishes to comment on or contend this, please feel free. Dan - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] GPSI Date: 31 Jan 1999 04:49:26 -0500 Hi Chris, I was an intel/law enforcement staffer for about half my years, the experience helps me today in being logical and analytical with my investing. You are correct IMO on the breakout point, 49.5 on strong volume. With this one, it wouldn't surprise me tho if it moved without the preceding heavy volume, which could make it tricky. You may not know for sure if it's a true breakout or not. Also you don't have a solid tight support base to help set a stop loss area. Tom W stkguru@netside.net ICQ # 5568838 -----Original Message----- Thanx for the info from DGO. I don't subscribe to it but got my data from IDB. Info was from last week in one of the IDBs. Group strength I don't see in IDB. I'm looking at GPSI; if the price moves past 49 1/2 on strong volume, this would be my buy point, correct? Not asking for anyone to tell me to buy, just trying to understand the principles of CS better. Thanx in advance. ct Not a flyboy, an intel type. == LCDR Chris Thornlow, USN nimaio@yahoo.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: [CANSLIM] ORCL Date: 31 Jan 1999 09:13:32 -0500 Hi, I notice on the ORCL chart there was a gap on 1/19. I checked for news there was some favorable news about some new business affiliations. Could this have caused this. I also notice the gap got filled on the 21st. If this were a true breakaway gap it should not have filled, correct? There was a good amount of volume between the 19th and 21st. Would this be considered an exhaustion gap. I really dont think so but I am not sure. I am debating between HD and ORCL at this point for possible position tomorrow. Oracle's next earnings statement is in march. Thanks Charlie - ------------------------------------------------------------------------------- From: Chris Thornlow Subject: Re: [CANSLIM] GPSI Date: 31 Jan 1999 08:44:05 -0800 (PST) Thanx for the info and 'advice.' As with anything, If I take the plunge on this one, it'll be becuase I decide to do it based on DD and research. That way, if it tanks, I blame myself. A life in the Intel business does give one the fundamental tools to be able to do all-source "fusion" analysis and not rely on just one source of info. In fact, when my days are done in the Navy, I'm looking forward to a career as a broker. Or something very close to it. Once again, thanx for the constructive comments. Love this board. ct == LCDR Chris Thornlow, USN nimaio@yahoo.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: DS Subject: Re: [CANSLIM] ORCL Date: 31 Jan 1999 11:06:43 -0600 Hi Charles, I would not consider this a breakaway gap. A breakaway gap comes after a basing area and gets its name because the stock is "breaking away" from its base. If you want to see a classic example of this look at a graph of NTAP on 11/5/98. I would consider ORCL's gap as an exhaustion gap that simply failed because of the insane momentum in the market for large cap tech. Furthermore, I would be careful with entering ORCL anytime soon unless you have long-term intentions. This stock is extremely extended at the moment. HD, on the other hand, has built a nice one month base and is MUCH safer for a buy. That said they are both risky in the short-term because there is a large amount of market risk right now with sentiment at dizzying heights and most of the major averages extended. DSquires Charles Cangialosi wrote: > > Hi, > I notice on the ORCL chart there was a gap on 1/19. I checked for news > there was some favorable news about some new business affiliations. Could > this have caused this. I also notice the gap got filled on the 21st. > If this were a true breakaway gap it should not have filled, correct? > There was a good amount of volume between the 19th and 21st. Would this be > considered an exhaustion gap. I really dont think so but I am not sure. > I am debating between HD and ORCL at this point for possible position > tomorrow. Oracle's next earnings statement is in march. > > Thanks > Charlie > > - - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] ORCL Date: 31 Jan 1999 12:22:38 -0500 I was leaning in the direction you suggest. Check out AVEI on 11/27 that is another example of a breakaway gap. I believe you are correct on ORCL. I keep thinking about market psychology and the psychological factors in IBD. About the time the least informed of the masses start feeling bullish, watch out. I am not all that informed. So I am using myself as a contrary indicator. All this time I was thinking market is going to cave in any day and it didn't now that I think it won't it just might. All things considered HD may be the better choice unless I can come up with something else. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of DS > Sent: Sunday, January 31, 1999 12:07 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ORCL > > > Hi Charles, > > I would not consider this a breakaway gap. A breakaway gap comes after a > basing area and gets its name because the stock is "breaking away" from > its base. If you want to see a classic example of this look at a graph > of NTAP on 11/5/98. I would consider ORCL's gap as an exhaustion gap > that simply failed because of the insane momentum in the market for > large cap tech. Furthermore, I would be careful with entering ORCL > anytime soon unless you have long-term intentions. This stock is > extremely extended at the moment. HD, on the other hand, has built a > nice one month base and is MUCH safer for a buy. That said they are both > risky in the short-term because there is a large amount of market risk > right now with sentiment at dizzying heights and most of the major > averages extended. > > DSquires > > > > > > > > > > > > Charles Cangialosi wrote: > > > > Hi, > > I notice on the ORCL chart there was a gap on 1/19. I > checked for news > > there was some favorable news about some new business > affiliations. Could > > this have caused this. I also notice the gap got filled on the 21st. > > If this were a true breakaway gap it should not have > filled, correct? > > There was a good amount of volume between the 19th and 21st. > Would this be > > considered an exhaustion gap. I really dont think so but I am not sure. > > I am debating between HD and ORCL at this point for > possible position > > tomorrow. Oracle's next earnings statement is in march. > > > > Thanks > > Charlie > > > > - > > - > > - ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] ORCL and 'M' Date: 31 Jan 1999 19:55:18 +0100 Dave wrote: >That said they are both >risky in the short-term because there is a large amount of market risk >right now with sentiment at dizzying heights and most of the major >averages extended. > >DSquires Charles, I think Dave just gave you the best advice anyone could give you. Sentiment is EXTREMELY positive and has been that positive for way to long now. Indexes have enjoyed a big run since October. Yes we can still go higher, but the chances of a correction are increasing day by day now. Why? Because almost everyone is almost fully invested by now. Who is left to buy and push prices higher? Personally, I went to 90% cash Friday and will almost certainly only daytrade until after we have had a correction. I'm not looking into entering any long positions. Not even for the short term. Only holding CSCO as a breakout play (making a fast few percent in a day or 2, hopefully). Of course this advice is worth what you paid for it... Johan - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] ORCL and 'M' Date: 31 Jan 1999 15:05:47 -0500 Thanks, I am 98% cash. I am reluctant to commit at this point. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Johan Van Houtven > Sent: Sunday, January 31, 1999 1:55 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ORCL and 'M' > > > Dave wrote: > >That said they are both > >risky in the short-term because there is a large amount of market risk > >right now with sentiment at dizzying heights and most of the major > >averages extended. > > > >DSquires > > > Charles, > > I think Dave just gave you the best advice anyone could give you. > Sentiment > is EXTREMELY positive and has been that positive for way to long now. > Indexes have enjoyed a big run since October. > > Yes we can still go higher, but the chances of a correction are increasing > day by day now. Why? Because almost everyone is almost fully invested by > now. Who is left to buy and push prices higher? > > Personally, I went to 90% cash Friday and will almost certainly only > daytrade until after we have had a correction. I'm not looking into > entering any long positions. Not even for the short term. Only > holding CSCO > as a breakout play (making a fast few percent in a day or 2, hopefully). > > Of course this advice is worth what you paid for it... > > > > > > Johan > > > > > > > - > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: RE: [CANSLIM] ORCL and 'M' Date: 31 Jan 1999 12:25:42 -0800 Am I missing something here? We are in the misdt of a huge leg up in all the major indices save the RUT. I have had a 23% run in my accounts since 10/98, approx. the start of this leg up, during which the NAZ, DJI, and SPX have returned a combined 27%. For me the best part of CANSLIM during this narrow, big-cap & tech rally is the market timing system. By my count you should be 80-100% invested by following WON's indicators. Several on this list have now stated that they have gone to cash. If you aren't in for the big runs up, and aren't in for the corrections, when are you planning to get in? Not trying to be argumentative here, just want to learn. At 03:05 PM 1/31/99 -0500, you wrote: >Thanks, > I am 98% cash. I am reluctant to commit at this point. > >Charlie > > >> -----Original Message----- >> From: owner-canslim@lists.xmission.com >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Johan Van Houtven >> Sent: Sunday, January 31, 1999 1:55 PM >> To: canslim@lists.xmission.com >> Subject: Re: [CANSLIM] ORCL and 'M' >> >> >> Dave wrote: >> >That said they are both >> >risky in the short-term because there is a large amount of market risk >> >right now with sentiment at dizzying heights and most of the major >> >averages extended. >> > >> >DSquires >> >> >> Charles, >> >> I think Dave just gave you the best advice anyone could give you. >> Sentiment >> is EXTREMELY positive and has been that positive for way to long now. >> Indexes have enjoyed a big run since October. >> >> Yes we can still go higher, but the chances of a correction are increasing >> day by day now. Why? Because almost everyone is almost fully invested by >> now. Who is left to buy and push prices higher? >> >> Personally, I went to 90% cash Friday and will almost certainly only >> daytrade until after we have had a correction. I'm not looking into >> entering any long positions. Not even for the short term. Only >> holding CSCO >> as a breakout play (making a fast few percent in a day or 2, hopefully). >> >> Of course this advice is worth what you paid for it... >> >> >> >> >> >> Johan >> Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: "Charles Cangialosi" Subject: RE: [CANSLIM] ORCL and 'M' Date: 31 Jan 1999 16:09:30 -0500 Tim, Not argumentative at all. The differing views are what I am here for. I dont have a lot of experience and am having a hard time of it at the moment. This is the learning curve. Thus far I have made every error I can think and a bunch I did not think of, as a result I am in conservative mode. I would love to get back in but I guess this is where the bulls and the bears differ. Thanks for your comments, maybe there is hope after all. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher > Sent: Sunday, January 31, 1999 3:26 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] ORCL and 'M' > > > Am I missing something here? We are in the misdt of a huge leg up > in all the > major indices save the RUT. I have had a 23% run in my accounts > since 10/98, > approx. the start of this leg up, during which the NAZ, DJI, and SPX have > returned a combined 27%. For me the best part of CANSLIM during > this narrow, > big-cap & tech rally is the market timing system. By my count you > should be > 80-100% invested by following WON's indicators. Several on this > list have now > stated that they have gone to cash. If you aren't in for the big > runs up, and > aren't in for the corrections, when are you planning to get in? > Not trying to > be argumentative here, just want to learn. > > At 03:05 PM 1/31/99 -0500, you wrote: > >Thanks, > > I am 98% cash. I am reluctant to commit at this point. > > > >Charlie > > > > > >> -----Original Message----- > >> From: owner-canslim@lists.xmission.com > >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Johan Van Houtven > >> Sent: Sunday, January 31, 1999 1:55 PM > >> To: canslim@lists.xmission.com > >> Subject: Re: [CANSLIM] ORCL and 'M' > >> > >> > >> Dave wrote: > >> >That said they are both > >> >risky in the short-term because there is a large amount of market risk > >> >right now with sentiment at dizzying heights and most of the major > >> >averages extended. > >> > > >> >DSquires > >> > >> > >> Charles, > >> > >> I think Dave just gave you the best advice anyone could give you. > >> Sentiment > >> is EXTREMELY positive and has been that positive for way to long now. > >> Indexes have enjoyed a big run since October. > >> > >> Yes we can still go higher, but the chances of a correction > are increasing > >> day by day now. Why? Because almost everyone is almost fully > invested by > >> now. Who is left to buy and push prices higher? > >> > >> Personally, I went to 90% cash Friday and will almost certainly only > >> daytrade until after we have had a correction. I'm not looking into > >> entering any long positions. Not even for the short term. Only > >> holding CSCO > >> as a breakout play (making a fast few percent in a day or 2, > hopefully). > >> > >> Of course this advice is worth what you paid for it... > >> > >> > >> > >> > >> > >> Johan > >> > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > - > > - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Technical stufff [Connie Mack] Date: 31 Jan 1999 17:23:53 -0500 Connie Mack, Having had the chance to digest your comments and play around with "your" 3/7/10 EMA's, I do have some questions. I have interspersed those below. Snip Before I use my 3/7/10 EMA (mine only in the sense that I have used it for 15 years), I run a Money Flow and On Balance Volume [MF/OBV] scan on the stocks that my "Increase in Volume" scan has produced. [I use a couple of other volume scans. Both have been written by members of my faculty stock group, but they don't produce more than 5 per cent more than BC.] Could you please elaborate on your MF and OBV scans? Snip After I have scanned BC's volume list, I visually look at the charts. First, I put either MF or OBV in the lower window. It doesn't matter which because a stock must have both MF and OBV Positive Divergence. I make only about a 5 per cent exception to this rule. How does this positive divergence differ from the scans mentioned above. Snip Not quite an axiom for me is my requirement that the 3/7/10 must be giving either a First Level Buy [3 line through the 7], a Second Level Buy [3 line through the 10], or a Third Level Buy [7 line through the 10], and that the MACD and SlowStochastic is also in a buy area. If you wish to relax the criteria, there are several permutations. You can relax the 3/7/10 by requiring a Third Level Buy. You can relax the MACD by deciding where you want the crossover to take place (above or below the marker line). Same for the SloSto. For further permutations, you can use any two indicators, or all three. But don't get too cute. A few points here: 1) Perhaps getting into picky semantics but it would seem that requiring a third level buy signal is TIGHTENING not relaxing. 2) What do you consider the buy area for the MACD and SloSto and what parameters are you using for these indicators? 3) Do you use equivalent crossovers for sell signals (i.e. 3 EMA down through 7 EMA etc.)? Snip Next, from your recent MHX example - I am not sure we are looking at the same stock. First is the obvious fact that MHX is not even remotely a CANSLIM stock. Putting that aside, I can't figure out point 2: [2] Draw what is now both a resistance and support line across the tops of late November and about a week into January. This should give a very slight inclining line. The line is both support and resistance because price has very slightly broken the line intra-day but settled back on the line at the close. MHX made a series of higher highs in the middle of December than it did in either late November or early January so I can't really see where to draw this line. Next is point 8: [8] There is no major resistance before you reach the 22 high of a few weeks ago. The last time MHX hit 22 was way back on August 3 when it gapped down to that level. Since then it moved below 20 and pretty much stayed there with only one or two minor and very brief excursions to only a fraction above 20. Finally, the 3/7/10 EMA gives many false signals when a stock is basing or moving sideways. I don't see how legitimate signals are being filtered out from all of the chaff. Perhaps your MF and OBV scans along with the MACD and SloSto requirements are filtering these out? I am in no way trying to be contentious. I am just trying to clarify my understanding of what you have presented. Thank you, Ron - - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Technical stufff [Connie Mack] Date: 31 Jan 1999 18:00:09 -0500 Somehow my formating was lost when I uploaded this. If this is too confusing, I'll try again - just ask. Ron -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Ronald J. Russell, Jr. Sent: Sunday, January 31, 1999 5:24 PM Connie Mack, Having had the chance to digest your comments and play around with "your" 3/7/10 EMA's, I do have some questions. I have interspersed those below. Snip Before I use my 3/7/10 EMA (mine only in the sense that I have used it for 15 years), I run a Money Flow and On Balance Volume [MF/OBV] scan on the stocks that my "Increase in Volume" scan has produced. [I use a couple of other volume scans. Both have been written by members of my faculty stock group, but they don't produce more than 5 per cent more than BC.] Could you please elaborate on your MF and OBV scans? Snip After I have scanned BC's volume list, I visually look at the charts. First, I put either MF or OBV in the lower window. It doesn't matter which because a stock must have both MF and OBV Positive Divergence. I make only about a 5 per cent exception to this rule. How does this positive divergence differ from the scans mentioned above. Snip Not quite an axiom for me is my requirement that the 3/7/10 must be giving either a First Level Buy [3 line through the 7], a Second Level Buy [3 line through the 10], or a Third Level Buy [7 line through the 10], and that the MACD and SlowStochastic is also in a buy area. If you wish to relax the criteria, there are several permutations. You can relax the 3/7/10 by requiring a Third Level Buy. You can relax the MACD by deciding where you want the crossover to take place (above or below the marker line). Same for the SloSto. For further permutations, you can use any two indicators, or all three. But don't get too cute. A few points here: 1) Perhaps getting into picky semantics but it would seem that requiring a third level buy signal is TIGHTENING not relaxing. 2) What do you consider the buy area for the MACD and SloSto and what parameters are you using for these indicators? 3) Do you use equivalent crossovers for sell signals (i.e. 3 EMA down through 7 EMA etc.)? Snip Next, from your recent MHX example - I am not sure we are looking at the same stock. First is the obvious fact that MHX is not even remotely a CANSLIM stock. Putting that aside, I can't figure out point 2: [2] Draw what is now both a resistance and support line across the tops of late November and about a week into January. This should give a very slight inclining line. The line is both support and resistance because price has very slightly broken the line intra-day but settled back on the line at the close. MHX made a series of higher highs in the middle of December than it did in either late November or early January so I can't really see where to draw this line. Next is point 8: [8] There is no major resistance before you reach the 22 high of a few weeks ago. The last time MHX hit 22 was way back on August 3 when it gapped down to that level. Since then it moved below 20 and pretty much stayed there with only one or two minor and very brief excursions to only a fraction above 20. Finally, the 3/7/10 EMA gives many false signals when a stock is basing or moving sideways. I don't see how legitimate signals are being filtered out from all of the chaff. Perhaps your MF and OBV scans along with the MACD and SloSto requirements are filtering these out? I am in no way trying to be contentious. I am just trying to clarify my understanding of what you have presented. Thank you, Ron - - - ------------------------------------------------------------------------------- From: "George W. Gregory" Subject: [CANSLIM] Regarding the IBD info on-line Date: 31 Jan 1999 16:48:25 -0800 Chris: The info in IBD (and a lot more) is available on-line only to institutions. To be considered an institution you must be registered as an Investment Advisor with the SEC. That in itself is not difficult, but the cost of the screening services is too much for individuals and many institutions. WON is not about to give up that income for the sake of making money in a public (non-institutional) service. Not only that, he wants as many readers of IBD as he can get. More circulation means more advertising revenue. tiger49er - ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Re: Ron's post on Technical stuff [Connie Mack] Date: 31 Jan 1999 22:29:49 -0500 Ron-- One of your comments tells me that you're expecting something of me that I can't give: "First is the obvious fact that MHX is not even remotely a CANSLIM stock." Ron, I wouldn't know a CS stock if I saw one. I am a day/swing trader, entirely a technical trader. You seem, on one hand, to want me to account for my presence in a CS group and yet, on the other, to wish to understand my technical bent. Most, perhaps all, of what you ask about is archived. Or I have a set of several disorderly files that cover most questions. Connie Mack - ------------------------------------------------------------------------------- From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] Re: Ron's post on Technical stuff [Connie Mack] Date: 31 Jan 1999 22:40:59 -0500 Connie Mack, You misunderstand me. I am not asking for you to account for anything least of all your presence. I believe I stated that I was willing to forget about the lack of CANSLIM qualities or words to that effect. All I am looking for is understanding. Your posts have intrigued me and I am seeking clarity. I have tried the archives but you are very prolific making a search there very laborious. You offered to send on a collection of your posts/writings a week or so ago and I would be glad to have that. I am unconcerned about it being disorderly. Thanks, Ron -----Original Message----- [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea Sent: Sunday, January 31, 1999 10:30 PM Ron-- One of your comments tells me that you're expecting something of me that I can't give: "First is the obvious fact that MHX is not even remotely a CANSLIM stock." Ron, I wouldn't know a CS stock if I saw one. I am a day/swing trader, entirely a technical trader. You seem, on one hand, to want me to account for my presence in a CS group and yet, on the other, to wish to understand my technical bent. Most, perhaps all, of what you ask about is archived. Or I have a set of several disorderly files that cover most questions. Connie Mack - - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] The Zen of Investing Date: 31 Jan 1999 20:47:21 -0800 > I went to this address today, but it's been supplanted by a newer > article dated 1/29/99. Could someone post the original article to this > list of forward a copy of it direcly to me (I'm assuming that somebody > kept this keeper!)?? Thanks! If you go to the CBS Marketwatch page, then go to Farrell on Funds, a regular link in the left hand column, and then from there you should see another link to Zen etc, near the top of that page. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: RE: [CANSLIM] ORCL Date: 31 Jan 1999 20:47:21 -0800 > I was leaning in the direction you suggest. Check out AVEI on 11/27 that is > another example of a breakaway gap. No, thats what it looks like when a company is being bought out by another - the stock jumps to the buyout price. - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: RE: [CANSLIM] ORCL and 'M' Date: 31 Jan 1999 20:47:21 -0800 > Thus far I have made every error I can think and a bunch I did not think > of, as a result I am in conservative mode. I would love to get back in but I > guess this is where the bulls and the bears differ. I have a couple of probably very obvious comments - If you see any stocks that are basing, that you have done your homework on and think look good, and then they breakout, you should buy them if the market environment is positive. Don't get too hung up on analysing the market, and don't try to be too clever and look for some sort of hidden factors that are going to cause a market drop a week from now. Very simply, the market is moving higher every week, you can't make a bearish case out of that no matter how hard you try. Also, I don't know why you are now in cash, maybe stopped out, but if you were in stocks previously that you had a profit in, you should stay in them if they are moving up. Don't try to anticipate a market decline and bail out early. Taking partial profits is ok, but try to hang in there when the market is going your way. (I need work on this point as well.) Regarding another comment from you on Oracle, it is very extended, I think it is hard to justify buying here. More prone to a correction here, you are more likely to be stopped out on a minor correction in an overall uptrend. Lastly, way to go Broncos, woohoo. - ------------------------------------------------------------------------------- From: Eatstock@aol.com Subject: [CANSLIM] Online TC2000 Formulas - OFF TOPIC Date: 31 Jan 1999 23:45:11 EST please respond to eatstock@aol.com ----- Was there a site in which people had posted their screening functions for various software packages? Preferably TC2000 Additionally I am still lokking for some comment regarding peoples experiences with the different software packages Thanks!!! Chris -