From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #100 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Wednesday, January 28 1998 Volume 02 : Number 100 In this issue: [CANSLIM] LLUR [CANSLIM] ASTSF - C/H Breakout [CANSLIM] Moving averages' convergence. Re: [CANSLIM] bob brinker's commentary Re: [CANSLIM] Economic Calendar week of January 26, 1998 Re: [CANSLIM] What group is a stock in? Re: [CANSLIM] What group is a stock in? [CANSLIM] (no subject) [CANSLIM] lurking [CANSLIM] IMHO, TIA, BTW Re: [CANSLIM] Microcaps (was Economic Calendar week of January 26, 1998) [CANSLIM] MDC [CANSLIM] Globex [CANSLIM] Obeying 8% rule Re: [CANSLIM] MDC Re: [CANSLIM] Obeying 8% rule RE: [CANSLIM] MDC RE: [CANSLIM] ASTSF - C/H Breakout [CANSLIM] NSCP - Ideas? [CANSLIM] CSCO new high but ACC/DIS = D Re: [CANSLIM] Obeying 8% rule [CANSLIM] CKR Re: [CANSLIM] Obeying 8% rule [CANSLIM] SDRC Re: [CANSLIM] Obeying 8% rule Re: [CANSLIM] ANF Re: [CANSLIM] ASTSF - C/H Breakout [CANSLIM] MCIC RE: [CANSLIM] MCIC RE: [CANSLIM] Content of group/frequency of postings. ---------------------------------------------------------------------- Date: Mon, 26 Jan 1998 09:46:26 -0600 From: "Eric Boller" Subject: [CANSLIM] LLUR This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01BD2A3F.450CB990 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable There has been a lot of talk about LLUR which is a term I had never = heard of until this list. Can someone give a detailed overview of what = this pattern is about. I thought someone talked about it being Lower = Left Upper Right, but that sounds a little simplistic. Are there = further details? Thanks Eric - ------=_NextPart_000_0015_01BD2A3F.450CB990 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

There has been a lot of talk = about LLUR=20 which is a term I had never heard of until this list. Can someone = give a=20 detailed overview of what this pattern is about. I thought someone = talked=20 about it being Lower Left Upper Right, but that sounds a little=20 simplistic. Are there further details?

Thanks

Eric

- ------=_NextPart_000_0015_01BD2A3F.450CB990-- - - - - ------------------------------ Date: Mon, 26 Jan 1998 20:44:57 -0500 From: Peter Newell Subject: [CANSLIM] ASTSF - C/H Breakout This looks like a good cup handle breakout to me the handle is short 3 days on 7x volume EPS 99 RS 99 A/D B GS 1 Float 14.4 Funds 6%. Note: the GS is real weak on this any comments on how important this is this is the best C/H I've seen since May. Peter Newell - - - - ------------------------------ Date: Mon, 26 Jan 1998 20:56:26 -0500 From: Connie Mack Rea Subject: [CANSLIM] Moving averages' convergence. - --------------1880586F9617283A5DD08F4D Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Four or five of you have discussed with me my 3/7/10 and OBV/MF indicators. I have explained to you precisely and, to the group, generally how I use them. In the February issue of Stocks & Commodities there is an article on multiple moving averages and a theory of convergence. I have said that when the 3/7/10 EMAs converge there is pressure building for a change of direction in price. Another way of expressing this building up of pressure is to say that the price is stabilizing. However, in convergence theory there is the presumption that the natural state of equilibrium is not the natural state; the natural state is disequalibrium, or price instability. By analogy, the OBV/MF is a convergence/divergence indicator. One looks for the positive convergence while knowing that the divergence cannot last; i.e., a trend will not last. I have, like a number of others have, I'm sure, dickered with multiple moving averages [e.g., the 3/7/10 or the 5/10/15 found on BigCharts]. What the article points out is that when the shorter MAs are paired with longer [30/40/50], there are "windows" of convergence, and thereby windows of entry. The article is much more useful to the members than to traders, for the points of convergence are by the nature of the MAs chosen are conservative. Too, there are no precise entry points, only a window. The author sometimes uses up to five shorter MAs and pairs them with various longer ones. For myself, I have arbitrarily settled on the 3/7/10, though 5/10/15 are but slightly less sensitive. My short MAs are gunslinger quick and, for the Canslimer, ought to be used only as a hint at a stock's direction. The trader expects to be jerked around; the only question is just how much he can mentally stand and how much money he can afford to lose. Members might set up the DOW and NASDAQ with the article's paired MAs. They'll find some interesting "windows." There are several other articles that members will find worthwhile. Connie Mack - --------------1880586F9617283A5DD08F4D Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Four or five of you have discussed with me my 3/7/10 and OBV/MF indicators. I have explained to you precisely and, to the group, generally how I use them.

In the February issue of Stocks & Commodities there is an article on multiple moving averages and a theory of convergence.

I have said that when the 3/7/10 EMAs converge there is pressure building for a change of direction in price. Another way of expressing this building up of pressure is to say that the price is stabilizing. However, in convergence theory there is the presumption that the natural state of equilibrium is not the natural state; the natural state is disequalibrium, or price instability.

By analogy, the OBV/MF is a convergence/divergence indicator. One looks for the positive convergence while knowing that the divergence cannot last; i.e., a trend will not last.

I have, like a number of others have, I'm sure, dickered with multiple moving averages [e.g., the 3/7/10 or the 5/10/15 found on BigCharts].

What the article points out is that when the shorter MAs are paired with longer [30/40/50], there are "windows" of convergence, and thereby windows of entry.

The article is much more useful to the members than to traders, for the points of convergence are by the nature of the MAs chosen are conservative. Too, there are no precise entry points, only a window.

The author sometimes uses up to five shorter MAs and pairs them with various longer ones. For myself, I have arbitrarily settled on the 3/7/10, though 5/10/15 are but slightly less sensitive. My short MAs are gunslinger quick and, for the Canslimer, ought to be used only as a hint at a stock's direction. The trader expects to be jerked around; the only question is just how much he can mentally stand and how much money he can afford to lose.

Members might set up the DOW and NASDAQ with the article's paired MAs. They'll find some interesting "windows."

There are several other articles that members will find worthwhile.

Connie Mack

- --------------1880586F9617283A5DD08F4D-- - - - - ------------------------------ Date: Wed, 28 Jan 1998 04:01:30 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] bob brinker's commentary On Tue, 27 Jan 1998 06:15:58 -0800 (PST), you wrote: :Folks -- : : :PS: Just curious: does the CANSLIM approach to the market have a place :for inputting political crises into its forecasting outlook? -- can't :remember WON mentioning Washington, D.C. in his book (except the Fed). : :Thanks, : :-- Jeremy : I attended a presentation by WON, and vividly remember his venting his spleen concerning what he viewed as Washington's lawmakers' stupidity in raising capital gains taxes and its resultant stultifying effect on entrepeneurial ambitions. Dan - - ------------------------------ Date: Tue, 27 Jan 1998 22:56:07 EST From: SACADS Subject: Re: [CANSLIM] Economic Calendar week of January 26, 1998 Thank you Tom. Hey, haven't seen you list any micro's lately! Seems the small caps are getting hammered. Have you got any good one's to list? Greg - - ------------------------------ Date: Mon, 26 Jan 1998 23:15:26 -0500 From: Chris Subject: Re: [CANSLIM] What group is a stock in? Try http://biz.yahoo.com/p/a/xxx.html where xxx is the stock symbol you want to know about. - -Chris Hyde John R. Allen wrote: > > Does anyone in this group know of a web site that I can find out what > industry group a particular stock is in. The sites I know of such as > Dreyfus have industry groups but you first have to know what group the > stock is in to look at all stocks in the group. I want to be able to > key in a stock and then find out what group it is in. Any ideas? > John R. Allen > > - - - - - ------------------------------ Date: Mon, 26 Jan 1998 23:15:26 -0500 From: Chris Subject: Re: [CANSLIM] What group is a stock in? Try http://biz.yahoo.com/p/a/xxx.html where xxx is the stock symbol you want to know about. - -Chris Hyde John R. Allen wrote: > > Does anyone in this group know of a web site that I can find out what > industry group a particular stock is in. The sites I know of such as > Dreyfus have industry groups but you first have to know what group the > stock is in to look at all stocks in the group. I want to be able to > key in a stock and then find out what group it is in. Any ideas? > John R. Allen > > - - - - - ------------------------------ Date: Sun, 25 Jan 1998 14:52:56 -0500 From: Connie Mack Rea Subject: [CANSLIM] (no subject) - --------------88C8AB3D156F0AD3122D09C2 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Have been away for a week renewing my non-trading perspective on life. A friend has been doing maintenance and some defensive buying and selling. Life can go on without TV and computers. [I did have access to a phone.] Have a pile of mail to get to. I'll get to those of you who have mailed me privately about the market first. Am a bit embarrassed that a couple of you have done better than I have. One made several thousand on AWT, a $1.37 stock that went to $1.75 on Friday. I was out at a much less opportune price. Those who have bought PACC, PTEL, and RGFC have paid the rent and bought the mistress a bauble or two. Come Monday, I will be easing out of these. They still meet my OBV/MF criteria, but a slight rise in any of them will stop me out. I'll later be looking to enter them again. Believe I also posted FPAM. I've taken my profit already here. In my trading account I still carry these stocks: AWIN BOBE ORCL [no profit here yet] SHCR CRY IMR BMRQ TTNP CVTI BCF [hunch buy] Friday I bought small lots of SYBS [another hunch] and BIORY. Scans run today met, or nearly met, OBV/MF criteria; I say nearly met, for some of you like to do a little logical cheating here and there: BDT CMBN ERAW HSTR LEN SCPP WEYS STHVY SSM FKL I will try to make buys of a couple of these on Monday. My congratulations to those of you who have done so well these last few weeks. Each of you is learning well those things that every investor must know to make money. I am grateful for your mail, especially so because you have been such good "students." Connie Mack - --------------88C8AB3D156F0AD3122D09C2 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Have been away for a week renewing my non-trading perspective on life. A friend has been doing maintenance and some defensive buying and selling. Life can go on without TV and computers. [I did have access to a phone.]

Have a pile of mail to get to. I'll get to those of you who have mailed me privately about the market first. Am a bit embarrassed that a couple of you have done better than I have. One made several thousand on AWT, a $1.37 stock that went to $1.75 on Friday. I was out at a much less opportune price.

Those who have bought PACC, PTEL, and RGFC have paid the rent and bought the mistress a bauble or two. Come Monday, I will be easing out of these. They still meet my OBV/MF criteria, but a slight rise in any of them will stop me out. I'll later be looking to enter them again.

Believe I also posted FPAM. I've taken my profit already here.

In my trading account I still carry these stocks:

AWIN BOBE ORCL [no profit here yet] SHCR CRY IMR

BMRQ TTNP CVTI BCF [hunch buy]

Friday I bought small lots of SYBS [another hunch] and BIORY.

Scans run today met, or nearly met, OBV/MF criteria; I say nearly met, for some of you like to do a little logical cheating here and there:

BDT CMBN ERAW HSTR LEN SCPP WEYS

STHVY SSM FKL

I will try to make buys of a couple of these on Monday.

My congratulations to those of you who have done so well these last few weeks. Each of you is learning well those things that every investor must know to make money.

I am grateful for your mail, especially so because you have been such good "students."

Connie Mack
- --------------88C8AB3D156F0AD3122D09C2-- - - - - ------------------------------ Date: Tue, 27 Jan 1998 23:17:06 -0600 From: infobelize@kearney.net (Elaine/Robert Urban) Subject: [CANSLIM] lurking Mid age orthopedic surgeon enjoying the canslim discussion these last 6 months. I have learned a lot. I appreciate those who make frequent comments and have the ability to articulate their position. I have tried other lists simultaneously and have abandoned them as being less valuable. I am writing now to encourage all to keep the faith if we/you are going through a down time."Ma never said it would be easy." Robert Urban (DRU) - - ------------------------------ Date: Wed, 28 Jan 1998 10:21:46 +0200 From: "David S. Pinhasik" Subject: [CANSLIM] IMHO, TIA, BTW Thought the members might like this. As soon as I see a ticker symbol in these posts I e-run to DG Online to check 'em out. As you all know, veteran emailers are accustomed to saving time by using initials for common phrases. These are just some of the symbols I almost checked in DGO: IMHO - In my humble opinion BTW - by the way TIA - Thanks in advance Oh well, I guess I'll just have to read more carefully before DGO. David - - ------------------------------ Date: Wed, 28 Jan 1998 08:15:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Microcaps (was Economic Calendar week of January 26, 1998) Been too depressed lately to spend meaningful time on the charts. Got stacks of new highs to go over, but just piling up. Hopefully will pull out of my funk and get back to business shortly. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: SACADS To: canslim@lists.xmission.com Date: Tuesday, January 27, 1998 11:07 PM Subject: Re: [CANSLIM] Economic Calendar week of January 26, 1998 >Thank you Tom. > >Hey, haven't seen you list any micro's lately! Seems the small caps are >getting hammered. Have you got any good one's to list? > >Greg > >- > - - ------------------------------ Date: Wed, 28 Jan 1998 08:26:28 -0500 From: "Tom Worley" Subject: [CANSLIM] MDC My latest buy (MDC Holdings) is starting to get ridiculous. Moved up marginally on very heavy vol yesterday, and up/down ratio (already extremely high at 5.0) moved to 7.7. Any comments on what it will take to break this puppy out and get it going?? I haven't had much experience with stocks showing such high u/d ratio and not moving. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Wed, 28 Jan 1998 14:35:11 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Globex Can someone who knows please give some explanation of how a person can interpret the Globex Prices available at: http://www.cme.com/market/gflash.html ?? The screen I pasted below looks kind of garbled. I can hardly guess what it's going to look like on other's systems. I'm therefore pasting a simple text file that is not garbled. Thanks, Dan - -------------------------------------------------------------------------= - ---- GLOBEX PRICES AS OF 01/28/98 08:25 AM TRADE DATE: 01/28/98=20 CONTRACT LAST NET CHGE CONTRACT LAST NET CHGE EURO $ MAR98 94.395 +1 MEX TIIE FEB98 80.50P - ---- JUN98 94.435 +1.5 J-YEN MAR98 8014 - -18 SEP98 94.415 +1.5 B-POUND MAR98 1.6332A - -82 DEC98 94.345 +2 D-MARK MAR98 .5555 - -48 MAR99 94.35 +2 SWISS FR MAR98 .6870 - -65 JUN99 94.30 +2 CAND $ MAR98 .6873 - -10 LIBOR FEB98 94.39 UNCH AUST $ MAR98 .6765 - -8 MAR98 94.40A +1.5 F-FRANC MAR98 .16600A - -130 S&P 500 MAR98 977.50 +380 M-PESO MAR98 .118150P - ---- E-MINI MAR98 978.25 +450 REAL FEB98 .88940P - ---- JUN98 987.25B +375 RAND FUT FEB98 .202525P - ---- NSDQ100 MAR98 1052.50 +800 KIWI FUT MAR98 .5832P - ---- GSCI FEB98 173.10P ---- BP/DM MAR98 2.9569P - ---- MEX CETE MAR98 80.60P ---- DM/JY MAR98 70.365P - ---- Click Here To Report Problems With The Flash Page=20 - - ------------------------------ Date: Wed, 28 Jan 1998 08:40:48 -0600 From: "Eric Boller" Subject: [CANSLIM] Obeying 8% rule This is a multi-part message in MIME format. - ------=_NextPart_000_0026_01BD2BC8.6E7D9760 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Easy to obey. Just put in a Good 'Til Cancelled stop 8% below your = purchase price and forget about it. Eric - ------=_NextPart_000_0026_01BD2BC8.6E7D9760 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Easy to obey. Just put in a = Good 'Til=20 Cancelled stop 8% below your purchase price and forget about = it.

Eric

- ------=_NextPart_000_0026_01BD2BC8.6E7D9760-- - - ------------------------------ Date: Wed, 28 Jan 1998 14:44:19 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MDC On Wed, 28 Jan 1998 08:26:28 -0500, you wrote: :My latest buy (MDC Holdings) is starting to get ridiculous. Moved up :marginally on very heavy vol yesterday, and up/down ratio (already = extremely :high at 5.0) moved to 7.7. Any comments on what it will take to break = this :puppy out and get it going?? I haven't had much experience with stocks :showing such high u/d ratio and not moving. Dunno Tom, but the short interest of 41.9 days +20 is either an error at Daily GO or the highest by far I've seen. Dan - - ------------------------------ Date: Wed, 28 Jan 1998 14:50:42 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Obeying 8% rule On Wed, 28 Jan 1998 08:40:48 -0600, you wrote: :Easy to obey. Just put in a Good 'Til Cancelled stop 8% below your = purchase price and forget about it. : :Eric Yeah, that would work. Or maybe you're the mental stop sort or maybe your BD won't allow a stop on the issue. In that case think of it as a cliff you are approaching and if you don't jump (or veer, if you prefer those internal cumbustion engine metaphors) you go over. :) Dan - - ------------------------------ Date: Wed, 28 Jan 1998 09:58:56 -0500 From: Peter Newell Subject: RE: [CANSLIM] MDC Tom, Sounds like distribution to me. I'd think about selling it doesn't move = soon. Also, noticed SPF did a kind of reversal yesterday and it's in = the same group. Peter Newell =20 - ---------- From: Tom Worley[SMTP:stkguru@netside.net] Sent: Wednesday, January 28, 1998 8:26 AM To: CANSLIM Subject: [CANSLIM] MDC My latest buy (MDC Holdings) is starting to get ridiculous. Moved up marginally on very heavy vol yesterday, and up/down ratio (already = extremely high at 5.0) moved to 7.7. Any comments on what it will take to break = this puppy out and get it going?? I haven't had much experience with stocks showing such high u/d ratio and not moving. Any statements or opinions are strictly my own and not that of my = employer. My comments should not be interpreted as a recommendation of any kind. I = am a licensed (inactive) broker and an active investor. All investors = should do their own research prior to any investment, especially one learned about = on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - - - ------------------------------ Date: Wed, 28 Jan 1998 09:56:04 -0500 From: Peter Newell Subject: RE: [CANSLIM] ASTSF - C/H Breakout >> Peter, What would make a good candidate for a bounce down? (I think you mean = back=20 to the pivot.) I used Quotes Plus to scan for breakouts in the last 9=20 months, and the vast majority of them dipped back toward the pivot from = the=20 high of the breakout day. And, very few fell back below the pivot. It = made=20 me feel better about buying after breakouts, but I wondered if I = shouldn't=20 wait for a bounce off the pivot. << ASTSF Gapped from 88 to 89 yesterday closed at 90 3/4 and is now @92 It does seem like half the stocks will go back down to the pivot of at = least halfway to the pivot (in terms of a trading range which is about = 87 for ASTSF since it started at 86 and closed at 88 on 8x volume) = usually the less the retracement the better. I have started selling when they drop below the pivot mainly due to the = fact that I have yet to make money on a stock that has fallen below the = pivot point and that is very close to the stop loss point. >>(I was trying to see how RS, U/D, %change on the breakout day, = %increased=20 volume on the breakout day related to how far the stock advanced. I = tried=20 graphing all these parameters with Excel, but I couldn't see many=20 relationships. I think all I could see was that RS >=3D 95 increased the = average profitability, but I thought there were too few of them. Perhaps = others have done something similar?) << I use a scan for new highs from a 6 week base (there where 5 yesterday = been 1-2 lately) and then apply the CANSLIM criteria this seems to work = well. I have noticed that the higher the RS the more chance of success. = However, failures are also quick so you need to sell fast if it doesn't = work out. Mike On Tuesday, January 27, 1998 7:26 AM, Peter Newell=20 [SMTP:pnewell@mci2000.com] wrote: > Probably a good candidate for a bounce down, see what happens. > > Peter > > ---------- > From: Dave Cameron[SMTP:dfcameron@ameritech.net] > Sent: Tuesday, January 27, 1998 9:18 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ASTSF - C/H Breakout > > Peter Newell wrote: > > > > This looks like a good cup handle breakout to me the handle is short = 3=20 days on 7x volume > > EPS 99 RS 99 A/D B GS 1 Float 14.4 Funds 6%. > > I've always thought that the handle should be longer; that this one = would=20 be a > bit risky. I realize you threw in that disclaimer - but I thought = I'd=20 add my > two cents as well. > > > > > Note: the GS is real weak on this any comments on how important this = is=20 this is the best C/H I've seen since May. > > > > Peter Newell > > > Dave Cameron > dfcameron@ameritech.net > > > - > > - > > > >=20 - - - - ------------------------------ Date: Wed, 28 Jan 1998 10:28:53 -0500 From: Tapas Banerjee Subject: [CANSLIM] NSCP - Ideas? I'm looking for ideas on what to do on NSCP(sorry it is not a CANSLIM stock)which I bought a year ago at $42. MSFT encroachment of Browser led NSCP decreasing market share a= nd the stock price also started sliding. Now NSCP announced it will freely distribute the source code of communicator(latest version of brows= er). Does the announcement will really help to boost the Stock price= in future?. Is it good idea to take the losses and get rid of it, bef= ore the price goes to 4/5 like IFMX? Or it may be a takeover target(e.= g. DEC ), hold till it's actually taken over by good(SUN ?) company. What does TA suggests on this? Thanks, - Tapas = - - ------------------------------ Date: Wed, 28 Jan 1998 18:40:51 +0100 From: Johan Van Houtven Subject: [CANSLIM] CSCO new high but ACC/DIS = D I've been following CSCO for months. I amazes me that it still has a Acc/Dis rating = D. EPS= 97 RS=82. Today at a new high. How should I interpret the D rating? Amateurs, not pro's accumulating it?? :) PS: I'm not presenting CSCO as a CANSLIM stock, just wanted to hear a possible answer as to why it still has a D rating. - - ------------------------------ Date: Wed, 28 Jan 1998 11:57:07 -0500 (EST) From: "Surindra J. Singh" Subject: Re: [CANSLIM] Obeying 8% rule Two problems: 1. My broker (Olde) will not accept limit orders on NASDAQ stocks. 2. Good till cancel orders are automatically cancelled at the end of second month or so. Looking back, I guess my choices were not that good I guess. Almost every stock I bought went down more than 8% within a short period (days), some bounced back shortly thereafter. That means I would be almost 100% cash almost all the time (of course loss of 8% with each buy). I think that 8% rule does not give you enough room with the volatility we are seeing. What is your experience? what percent of your holdings could stand this rule in last three months. If your answer is yes, I will say you are lucky. Surindra On Wed, 28 Jan 1998, Eric Boller wrote: > Easy to obey. Just put in a Good 'Til Cancelled stop 8% below your purchase price and forget about it. > > Eric > - - ------------------------------ Date: Wed, 28 Jan 1998 11:56:14 -0800 From: Mike Lucero Subject: [CANSLIM] CKR CKR broke out 7 days ago, and is now bouncing off the pivot for the second time. CKR EPS 98 RS 95 ACC A LTGR 112% QTR-2 56% QTR-1 59% FUNDS 31% U/D 1.5 (Yahoo isn't showing a 10% stock dividend on 1/8.) I just bought some. Mike - - ------------------------------ Date: Wed, 28 Jan 1998 13:51:35 +0000 From: netimken@pop.erols.com Subject: Re: [CANSLIM] Obeying 8% rule > Two problems: > > 1. My broker (Olde) will not accept limit orders on NASDAQ stocks. Try Waterhouse at http://www.waterhouse.com no extra charges for anything. > > 2. Good till cancel orders are automatically cancelled at the end of > second month or so. > Dates vary. Most cancel after 90 days. > Looking back, I guess my choices were not that good I guess. Almost every > stock I bought went down more than 8% within a short period (days), some > bounced back shortly thereafter. That means I would be almost 100% cash > almost all the time (of course loss of 8% with each buy). > > I think that 8% rule does not give you enough room with the volatility we > are seeing. What is your experience? what percent of your holdings could > stand this rule in last three months. If your answer is yes, I will say > you are lucky. > Im experiencing the same thing buying small caps. There is currently a "flight to quality" stocks such as drugs or large cap techs (i.e., INTC, MSFT, CSCO), and small caps dont appear to be holding for now. If you apply 8%, Id be taking tremendous losses on everything. Hang in there is my advice. - ------------------------ Nelson E. Timken, Esq. Queens, New York, New York Email: netimken@erols.com Home Page: http://www.geocities.com/wallstreet/5791/index.html - - ------------------------------ Date: Wed, 28 Jan 1998 12:50:01 -0600 From: Ricardo Bekin Subject: [CANSLIM] SDRC This is a multi-part message in MIME format. - ------=_NextPart_000_0004_01BD2BEB.3F1399C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is SDRC forming a C&H since Oct'97? Or is the handle forming at too low = a level? Ricardo Bekin - ------=_NextPart_000_0004_01BD2BEB.3F1399C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Is SDRC forming a C&H since = Oct'97? Or is=20 the handle forming at too low a level?

Ricardo = Bekin

- ------=_NextPart_000_0004_01BD2BEB.3F1399C0-- - - ------------------------------ Date: Wed, 28 Jan 1998 16:15:09 -0500 From: Peter Newell Subject: Re: [CANSLIM] Obeying 8% rule If you give us some examples of your buys, I'm sure some of us would be glad to add in our two cents worth. I have definitely made many mistakes in purchasing stocks and have tightened up my criteria (6 wk base, 90+ RS, EPS 80+ unless its a 95+ RS, market definitely going up, definite pivot point with good volume, if a stock gaps ie ASTSF gapped at $89 my sell point is 88 7/8 end of day) I usually sell below the pivot point (around closing unless a big drop occurs then I may sell earlier). When I am patient and wait for a good stock to break out buy at the pivot point and sell when topping 50% of my stocks never look back (SMTK and ASTSF two examples ps I like when a stock gaps open and goes up I will sell if it gaps open and is down at the close of day) 20% are sold and the other 30% go up after 10 days. I just hope I'm not jinxing myself. Hope this helps, Peter Newell > > > Looking back, I guess my choices were not that good I guess. Almost every > > stock I bought went down more than 8% within a short period (days), some > > bounced back shortly thereafter. That means I would be almost 100% cash > > almost all the time (of course loss of 8% with each buy). > > > > I think that 8% rule does not give you enough room with the volatility we > > are seeing. What is your experience? what percent of your holdings could > > stand this rule in last three months. If your answer is yes, I will say > > you are lucky. > > - - ------------------------------ Date: Wed, 28 Jan 1998 17:10:42 -0500 From: sam Subject: Re: [CANSLIM] ANF U/D does not look at volume, atleast that is my understanding. Also the u/d is only 1.0 as of today for anf.=20 Tom has stated u/d to be positive as low as .7. I on the other hand pay little attention to it. This could be a mistake on my part but I rarely look at it until Tom makes a comment about it. Sam At 12:21 PM 1/27/98 +0200, you wrote: >How high should U/D be in order to be considered worthy? > >David > >-----Original Message----- >From: sam >To: canslim@lists.xmission.com >Date: =E9=E5=ED =E7=EE=E9=F9=E9 22 =E9=F0=E5=E0=F8 1998 17:08 >Subject: Re: [CANSLIM] ANF > > >>new is concept of marketing. >> >>volume is weak. overall good cs stock. i would wait until you see some= vol. >>pick up. remember since christmas is over retail stocks may tend to slide= a >bit. >> >>sam >> >>At 03:15 PM 1/22/98 +0200, you wrote: >>>Hi All. Any comments? RS 98 EPS 99 GRS 89 Growth rate 68% with good >>>stability, 7M float, TIme A, U/D 1.4 (not high enough?), 5% off high but >>>coming close, funds 50% (too high?), apparent earnings acceleration in >last >>>2 quarters. Sales also are accelerating, but not as high a pct. is that a >>>problem? Can't find any "N". >>> >>>Best regards! >>> >>>David >>> >>> >>>- >>> >>> >> >> >>- >> >> > > >- > > - - ------------------------------ Date: Wed, 28 Jan 1998 17:20:47 -0500 From: sam Subject: Re: [CANSLIM] ASTSF - C/H Breakout How about looking at it this way.... Left hand side of cup is easy. Right hand side starts mid Dec. 15th or so. Tries to rally late Dec. but does not quite peirce the top of the handle, one might have even jumped the gun and got in a little early. Then wham around the 11 or 12th the stock breaks thru the handle on great volume and then gapped up a couple of days later. Nice 7 week handle. Perfect dry up in the handle. RS line was showing a little weakness. Had you been correct in your entry you would have been in around 72 73. It even gave us an extra day to get in and took off. You'd be up close to 20% allready. Shame we all missed it. Sam At 08:18 AM 1/27/98 -0600, you wrote: >Peter Newell wrote: >> >> This looks like a good cup handle breakout to me the handle is short 3 days on 7x volume >> EPS 99 RS 99 A/D B GS 1 Float 14.4 Funds 6%. > >I've always thought that the handle should be longer; that this one would be a >bit risky. I realize you threw in that disclaimer - but I thought I'd add my >two cents as well. > >> >> Note: the GS is real weak on this any comments on how important this is this is the best C/H I've seen since May. >> >> Peter Newell >> >Dave Cameron >dfcameron@ameritech.net > >> - > >- > > - - ------------------------------ Date: Wed, 28 Jan 1998 16:38:32 -0600 (CST) From: "Jason P. Butler" Subject: [CANSLIM] MCIC Anyone know when MCI is expected to accounce earnings? Thanks - - ------------------------------ Date: Wed, 28 Jan 1998 15:28:13 -0800 From: Mike Lucero Subject: RE: [CANSLIM] MCIC DG Online says 1/28. On Wednesday, January 28, 1998 2:39 PM, Jason P. Butler [SMTP:jbutler@cbu.edu] wrote: > Anyone know when MCI is expected to accounce earnings? > > Thanks > > > > - > > - - ------------------------------ Date: Wed, 28 Jan 1998 17:38:46 -0500 From: sam Subject: RE: [CANSLIM] Content of group/frequency of postings. I as well had many round trips last year and I am tring to reduce my number. One thing I am seriously thinking about is tring to only trade "NEW" items this year that show great promise. I persoanlly think canslim is for big gainers, but helps in reducing the total number of stocks to consider. When I say NEW things I mean things that will be benificial to many peoples lives and thus be a large driving force behind the company and future earnings. I don't think real CS stocks come along often but when they do you go big. I have also reduced my holdings at full service brokers for on line trades to save on commisions. As far as frequency of postings I too have been greatly busy and have tried to post when I see its important or requested. Another reason of the smaller number of postings is because we have kinda linked as a group and know what people like to comment on certain topics and others like to stay away from or learn what others have to say. I stay on the sidelines a majority of the times because I know someone will say something very close to what I would say. I figure there is no reason clogging up peoples email boxes for the answer repeated and repeated. If I see something that I like or don't feel that my opinion was expressed by someone else I will speak up. I too enjoy the fewer postings because of time but I do like seeing the new members ask questions because it helps me learn. SAm At 10:23 AM 1/27/98 -0800, you wrote: >I'm quiet because I haven't done all that much this year. I haven't been >below 90% cash since late last September. > >When I sat down to gather material for taxes, I found I had 38 round trips >last year. When lots of breakouts were failing at the end of '97, I'd pull >the trigger as a stock was drifting down to the purchase price, sometimes >yielding nothing more than "commission and a Coke". One New Year's res was >to pick my trades more carefully in '98. > >I sold CROS a while back for a small gain. The only long position I have >right now is LEN, another homebuilder. When I bought it, some puts 5% below >my purchase point were incredibly cheap, so I could hedge a 1000 share >position for a couple of months for $500. Almost every stock I lost to stops >last year, I lost within the first few days. > >For a number of reasons, I'm considering shorting MER, but haven't done it >yet and may not do it. > >> -----Original Message----- >> From: Craig Griffin [SMTP:cagriffin@mindspring.com] >> Sent: Tuesday, January 27, 1998 10:49 AM >> To: canslim@lists.xmission.com >> Subject: Re: [CANSLIM] Content of group/frequency of postings. >> >> Hi Dave, >> >> I have read the reduced posting frequency as a kind of maturity in the >> group. It is as though we now know what the game plan is and are helping >> each other execute it, so it is less and less necessary to talk about the >> plan. For example: we read the market as having a follow through day and >> we then had a few posts regarding what stocks were breaking out and what >> groups looked promising. This in no way covered all of the good breakouts >> or ripe looking chart patterns, of course, but there is no way we can do >> that for each other. People desiring that should purchase a service such >> as >> Brookins Buys. >> >> I personally like the reduced posting frequency ... there seems to be less >> to read and a higher quality of posts. This does not necessarily help the >> new members of our group get up to speed, and I would encourage them to >> ask >> questions (most here are glad to help as time permits, as anyone who has >> been a member for a while knows). Additionally, they can use the extra >> time >> to (re)read O'Neil's book and peruse the archives which have lots of good >> posts for learning from (and, admittedly, lots and lots of less good stuff >> to wade through as well). >> >> There will always be those who "graduate" from the group for whatever >> reason. >> >> We also do get away from Canslim quite a bit these days, but, I for one >> enjoy the varying ideas, from Connie's "TA workshops" to Tom's microcaps >> and >> "state of the economy" reports. I guess since we are a self-policing >> group, >> those who wish to, should continue to complain about that type of post >> when >> the frequency gets too high. I always appreciate any prod to refocus on >> "pure" Canslim. And I do pay the MOST attention to what I think of as the >> "more or less strictly Canslim" purists in our group like yourself, Peter >> Christians, Peter Newell, sam, Brian Nash, Mike Lucero, James Adams, >> Patrick >> Wahl, Frank Wolynski, and many others who do not come to mind at the >> moment. >> >> However, I must admit, that there are lots and lots of posts, that I skip >> altogether or give up on after a sentence or two. And strangely enough, >> this one fits that category, sorry, ;^). I am rambling. A true sin when >> bandwidth (reading time) is narrow. The less "noise" the better. >> >> Best regards, >> Craig >> >> At 08:22 AM 1/27/98 -0600, you wrote: >> >Group, >> > >> >We seem to be in a down cycle again. I am getting less messages >> >than I customarily do. I wonder if people are getting bored, or >> >not finding time, or just moving on. I've been part of this >> >discussion group since day 3, and I really think its one of the >> >best. However, we have had some down times. We've also had some >> >times where flaming went on, but they are few and far between. >> >I did contact a couple former members of the group who were active >> >at one point. One claimed he no longer had the time; another thought >> >we were getting too far away from CANSLIM and that the group wasn't >> >providing enough value for him (too bad, he(she?) provided value >> >for me!) >> > >> >Anyway, this would be a good time for some lurkers to post with >> >questions, insights, etc. given the lull in traffic. >> > >> >Dave Cameron >> >dfcameron@ameritech.net >> > >> >- >> > >> > >> >> >> - > >- > > - - ------------------------------ End of canslim-digest V2 #100 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.