From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #105 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Monday, February 2 1998 Volume 02 : Number 105 In this issue: Re: [CANSLIM] non-CANSLIM card trick Re: [CANSLIM] Discount brokers Re: [CANSLIM] Website for 20 DMA? [CANSLIM] NYSE Adv Vol. and Dec. Vol. Re: [CANSLIM] Discount brokers [CANSLIM] Stocks [CANSLIM] Stocks [CANSLIM] World Markets [CANSLIM] Economic Calendar Week of February 2, 1998, Part I [CANSLIM] Latin America Re: [CANSLIM] Discount brokers Re: [CANSLIM] DGO Printed vs On Screen (was Stocks) Re: [CANSLIM] Discount brokers Re: [CANSLIM] World Markets [CANSLIM] Fw: Brokers, Firms, and Me. Re: [CANSLIM] Discount brokers Re: [CANSLIM] HTMMIS (was Discount brokers) [CANSLIM] Re: non-CANSLIM card trick Re: [CANSLIM] Fw: Brokers, Firms, and Me. [CANSLIM] Sending large files to the canslim group Re: [CANSLIM] NYSE Adv Vol. and Dec. Vol. [CANSLIM] THRX Re: [CANSLIM] NYSE Adv Vol. and Dec. Vol. [CANSLIM] 8 % stop loss rule [CANSLIM] WON's Recent Picks RE: [CANSLIM] 8 % stop loss rule Re: [CANSLIM] THRX [CANSLIM] LLUR Investing Re: [CANSLIM] 8 % stop loss rule Re: [CANSLIM] 8 % stop loss rule Re: [CANSLIM] 8 % stop loss rule Re: [CANSLIM] CANSLIM (was LLUR Investing) ---------------------------------------------------------------------- Date: Sun, 1 Feb 1998 16:48:55 -0500 From: "Surindra Singh" Subject: Re: [CANSLIM] non-CANSLIM card trick Tom: Try this one: http://www.geocities.com/Hollywood/Set/6993/idiot.html Surindra - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com Date: Saturday, January 31, 1998 10:37 PM Subject: Re: [CANSLIM] non-CANSLIM card trick >At 08:18 1/31/98 -0500, you wrote: >>OK, if anyone can figure out this card trick, please let me know. It's at >>http://pw2.netcom.com/~sleight/rabbit1.html >> >>tom w >> > >Nice Tom, thanks, it was missing both my choices! >Pretty weird! > >Frank Wolynski > > >- > - - ------------------------------ Date: Sun, 01 Feb 1998 17:14:29 -0500 From: Behdad Forghani Subject: Re: [CANSLIM] Discount brokers Hi David, David S. Pinhasik wrote: > Welcome from a fellow newcomer! > > >. To avoid my mistake > >with 3COM, I want to have a stop loss on every stock I own and raise the > >limit as the price of the stock goes up > > In chapter 10 of HTMMIS, WON discourages moving up the limit. He does give a > number of conditions of when and how it may be done, however. > > David > > - I have a problem with what WON says. As Aristotle says, contradiction does not exist and A is A. A can not be A and B at the same time. Now, assume that person A has kept his stock and has made some profit and person B comes and just buys the stock. The stock falls bellow the stop loss percentage for perosn B. Selling the stock can not be wrong for person A and right for person B at the same time. Selling the stock can either be right or wrong. So, the stop loss condition must be the same for both people. Am I missing a point here? Regards, Behdad - - ------------------------------ Date: Sun, 01 Feb 1998 22:25:37 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Website for 20 DMA? Dan Musicant wrote: > > I've been using DG Online, but they only have 50 and 200 DMA. Does > anyone know of websites where you can get charts on stocks with 20 > DMA. www.investools.com works too... > > TIA, > > Dan > > - - - ------------------------------ Date: Sun, 01 Feb 1998 22:20:00 -0700 From: "Joe J." Subject: [CANSLIM] NYSE Adv Vol. and Dec. Vol. I have been trying to work with several indicators to help me confirm the "M". In doing so, I've been trying to backtest these indicators using MetaStock. I have approximately two years of data from my QuotesPlus program and some additional historic data from a CD that came with MetaStock. However, I am looking for the NYSE advancing volume and NYSE declining volume for years 1990 through 1996. Does anyone know where I can get this data for free on the Web? I already tried the NYSE site with no luck. Or, if any of you have it, would you be willing to e-mail it to me? On another point... > Behdad Forghani posted the following at the end of one of his posts: > The mystics of both schools, who preach the creed of sacrifice, are germs that > attack you through a single sore: your fear of relying on your mind. They tell > you that they posses a knowledge higher than the mind, a mode of consciousness > superior to reason - like a special pull with some bureaucrat of the universe > who gives them secret tips withheld from others. > Ayn Rand - Atlas Shrugged > Behdad Forghani - are you a fan of the music group RUSH (who based their album 2112 on the works of Ayn Rand)? Sorry for the non-CS content. It's just when I catch a glimse of anything even remotely tied to my absolute favorite band, I just have to ask. Joe J. - - ------------------------------ Date: Sun, 1 Feb 1998 22:46:16 -0700 (MST) From: cando@highfiber.com Subject: Re: [CANSLIM] Discount brokers Behdad Forghani, you wrote: >The only brokers that >accept stop loss orders are: DATEK ($9.99 commission), Suretrade >($7.95), Schwab ($29.99) and Accutrade ($30). DATEK only accepts stop >loss for NASDAQ stocks. From this, I concluded that Suretrade is the >best broker to go with, for my style of investing. I.e., for people who >do their orders after hours when markets are closed. Has anybody had >experience with Suretrade? Are they good or you recommend another >broker? > >Best Regards, >Behdad Forghani National Discount Brokers also accepts stop loss orders. $25 per trade. I place trades as you after hours with their "PowerBroker" system (touch tone phone). I have been satisfied with them with some exceptions when they had some problems with their Powerbroker system 6 months ago. They now have an online system, "NDB WebStation" @ www.ndb.com. I haven't used it but plan to. James Coburn Albuquerque, NM - - ------------------------------ Date: Sun, 1 Feb 1998 22:04:37 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Stocks Here are 3 stocks, probably all have been mentioned in the last 3 weeks here, but they look ready to pop any second, all right at the top of a base, so probably bear watching each day this week. All 3 have EPS and RS > 90. The 3 are - Compuware (CPWR), Datastream (DSTM, Robert Venchiarutta? mentioned this one, good pick), and Legato (LGTO). Also, have been using the online Daily Graphs for a couple of days, the charts look much better when you print them out than they do on the screen, for some reason the scaling and page size are a little different on paper. - - ------------------------------ Date: Sun, 1 Feb 1998 22:08:51 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Stocks Here are 3 stocks, probably all have been mentioned in the last 3 weeks here, but they look ready to pop any second, all right at the top of a base, so probably bear watching each day this week. All 3 have EPS and RS > 90. The 3 are - Compuware (CPWR), Datastream (DSTM, Robert Venchiarutta? mentioned this one, good pick), and Legato (LGTO). - - ------------------------------ Date: Mon, 2 Feb 1998 03:37:24 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets Don't know what's happening in Asia, but if the nrs are correct it's impressive. Three markets are up over 10% (Hong Kong 14.3%, Indonesia 13.3%, Thailand 11.6%) while Japan is only up 0.89% and South Korea is down 4.2%. S&P futures suggest a strong opening if they continue to hold, and too early for meaningful data from Europe. 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: Mon, 2 Feb 1998 03:34:18 -0500 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar Week of February 2, 1998, Part I I will not be at work today in memory of my wife, thus am posting only limited calendar data that I have collected so far. MONDAY Personal income and spending figures for December Treasury Dept releases its borrowing needs for Q1 NAPM for January, last was 53.1%, estimate for 53.0% TUESDAY Federal Reserve Open Market Committee (FOMC, e.g. Greenspan) begins a two day meeting, no change in Fed rates expected Index of leading indicators for December New home sales figures, for December, expected to drop 0.3% to 827,500 from the ten year high set in November. The average for the first 11 months was 804,000. The range of estimates was 845K to 815K. 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: Mon, 2 Feb 1998 03:52:10 -0500 From: "Tom Worley" Subject: [CANSLIM] Latin America Living in Miami I naturally get a lot of exposure to the Latin American markets. This weekend the local paper (Miami Herald) had an interesting article on LA commodities. For those that may have already forgotten, shortly after the Asian Flu broke out, and well before the Clinton Itch was revealed, the LA markets showed sig signs of impending crash status. Many of their bonds were either very illiquid or could only be sold with steep discounting. There was great concern over bank failures, as well as major US bank's exposure to LA debt. News of all this, even here, seems to have faded. However this article points out that three major export commodities from LA (gold, oil, copper) have fallen sharply in the past year. Gold is down from $345 to 303, oil from $20 to 17.21, and copper from $105 to 79. Venezuela is hit hardest by the drop in oil prices, while Chile is affected most by copper and Suriname by gold. Growth is still being projected at 3.5% for the LA community, down sharply from the 5.3% seen in 1997. Govt's are faced with sharp cutbacks in spending, which is always difficult, and especially in an election year (Venezuela). Without cutbacks, deficit spending and/or inflation may become a far more serious problem. And just as there are strong economic ties between the US mkt and Asia, there are similar ties between the US mkt and LA. Stay tuned, this is a "sleeper" problem that may turn into the next obstacle to overcome. Or it may go the same way as Asia resulting in a huge influx of fresh money flowing into the strongest, most stable economy and currency in the world, the US mkt and dollar. The new owners of my firm are Venezuelan, and already I am seeing some suggestion that this latter case may be happening. 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: Mon, 2 Feb 1998 04:14:03 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Discount brokers I was going to respond to this one earlier, but still wading thru email (that's what I get for taking Sunday off). I did some quick flipping thru HTMMIS without finding what I was looking for, altho it didn't hurt to reread all the selling rules in Chapter 10. From my "hands on" training from WON staffers, however, I would disagree that he discourages moving a stop up, however he does say to never, NEVER ever move it down. The general rules I was training on were: select the correct entry (pivot, breakout) point carefully use an 8% downside stop from the entry point while also examining the chart carefully for a base, support, etc. once you are up at least 15% raise the stop still maintaining an 8% stop from the then current price From seminars and other dialog, it appears WON now advocates using looser stops once you are profitable. He also encourages taking profits when you are up 20%, but only until you have established solid profits in the portfolio. At various places in HTMMIS, WON talks of holding a stock for at least 8 weeks if it moves 20% in less time. He also talks about deciding whether to hold stocks for 6 months or more, which was the holding period for a break in capital gains taxes back then. One of the most difficult things to learn as a stockbroker is that every investor is different (the "A" and "B" in the example). Some don't mind the fact that the broker makes money on every transaction, even if the client is losing money. Others don't want to sell at a loss, while others are paranoid about losing any principal and would rather sell for a 1% gain than hold on and risk losing money in anticipation of a 10 or 20% gain later. Even if every investor was using an exact 8% stop loss, then their interpretation of the correct entry point, much less their access to the marketplace, would create different entry points, thus different stop prices. The more aggressive might get in early, before a breakout is confirmed. The more cautious might wait for the breakout and try to get in on any pullback. Some investors will religiously sell when they are up 20%, others (like me) are more greedy and will hang on thru corrections. And, of course, not all investors are as wise as us and follow CANSLIM, some are value investors, others only buy what they know even if it looks terrible on the charts, etc. 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: Behdad Forghani To: canslim@lists.xmission.com Date: Sunday, February 01, 1998 6:07 PM Subject: Re: [CANSLIM] Discount brokers >Hi David, > >David S. Pinhasik wrote: > >> Welcome from a fellow newcomer! >> >> >. To avoid my mistake >> >with 3COM, I want to have a stop loss on every stock I own and raise the >> >limit as the price of the stock goes up >> >> In chapter 10 of HTMMIS, WON discourages moving up the limit. He does give a >> number of conditions of when and how it may be done, however. >> >> David >> >> - > >I have a problem with what WON says. As Aristotle says, contradiction does not >exist and A is A. A can not be A and B at the same time. Now, assume that >person A has kept his stock and has made some profit and person B comes and >just buys the stock. The stock falls bellow the stop loss percentage for perosn >B. Selling the stock can not be wrong for person A and right for person B at >the same time. Selling the stock can either be right or wrong. So, the stop >loss condition must be the same for both people. Am I missing a point here? > >Regards, >Behdad > > > > >- > - - ------------------------------ Date: Mon, 2 Feb 1998 04:21:21 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] DGO Printed vs On Screen (was Stocks) Patrick, if you increase the pixel scale being used by your monitor, you can get a better screen display closer to what your printer default is already using. That's why the difference, at least in my case, my monitor was set up to a lower scale. 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: Patrick Wahl To: canslim@mail.xmission.com Date: Monday, February 02, 1998 1:23 AM Subject: [CANSLIM] Stocks Also, have been using the online Daily Graphs for a couple of days, the charts look much better when you print them out than they do on the screen, for some reason the scaling and page size are a little different on paper. - - - - ------------------------------ Date: Mon, 2 Feb 1998 11:50:13 +0200 From: "David S. Pinhasik" Subject: Re: [CANSLIM] Discount brokers - -----Original Message----- From: Behdad Forghani To: canslim@lists.xmission.com Date: =E9=E5=ED =F9=F0=E9 02 =F4=E1=F8=E5=E0=F8 1998 01:10 Subject: Re: [CANSLIM] Discount brokers >Selling the stock can not be wrong for person A and right for person B a= t >the same time. Selling the stock can either be right or wrong. So, the s= top >loss condition must be the same for both people. Am I missing a point here? > >Regards, >Behdad Hi Behdad, Maybe you are right, but Aristotle never played the stock market. :) But seriously folks... I can see that what is bothering you is "If the pr= ice is falling and it's time to get out, then who cares about relativity and = 8% (Oh no, now Einstein is getting involved) either it's time or it is'nt." Good point and in fact WON stresses all the time to buy at the EXACT pivo= t point. When he talks about 8%, he's assuming that you bought at the exact= ly correct time, and 8% would suggest that it's time to get out. However, th= e stock often oscillates in a normal correction period in which it's safe t= o assume 8% even if you did'nt get in at the exact right point. David - - ------------------------------ Date: Mon, 2 Feb 1998 04:49:07 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] World Markets The trend, if anything, is getting stronger. Phillipines and Singapore have joined the ranks of the 10% gainers (10.1 and 13.7% respectively) while Indonesia and Thailand have gained another half percent. Quotes on Japan and S.Korea not updated so don't know what's happening there. In Europe, Germany, France and Switzerland all up over 1% while UK up an astonishing 3.1%. Both the S%P500 and NASDAQ100 futures are indicating nearly a 1% gain as well, so continues to look like a strong opening, probably up 50-60 pts once all the Dow30 are trading and trending up from there. 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: Tom Worley To: CANSLIM Date: Monday, February 02, 1998 3:42 AM Subject: [CANSLIM] World Markets >Don't know what's happening in Asia, but if the nrs are correct it's >impressive. Three markets are up over 10% (Hong Kong 14.3%, Indonesia 13.3%, >Thailand 11.6%) while Japan is only up 0.89% and South Korea is down 4.2%. > >S&P futures suggest a strong opening if they continue to hold, and too early >for meaningful data from Europe. > >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: Mon, 2 Feb 1998 06:08:16 -0500 From: "Tom Worley" Subject: [CANSLIM] Fw: Brokers, Firms, and Me. A new site I found for online brokerage firm ratings: >>Can anyone tell me about the best brokerage firms to deal with, i.e. ones >>with low fees. Would it be wise for me to join Ameritrade or a company as >>such? >> >Joe, > I recommend you check out http://www.gomezadvisors.com. They're a >consulting firm that tracks Internet brokerages and rates them on a >variety of factors. On their Web site, they regularly update their >"score card" of 'Net brokerages. - - ------------------------------ Date: Mon, 2 Feb 1998 13:27:16 +0200 From: "David S. Pinhasik" Subject: Re: [CANSLIM] Discount brokers - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: =E9=E5=ED =F9=F0=E9 02 =F4=E1=F8=E5=E0=F8 1998 11:16 Subject: Re: [CANSLIM] Discount brokers >I was going to respond to this one earlier, but still wading thru email >(that's what I get for taking Sunday off). I did some quick flipping thr= u >HTMMIS without finding what I was looking for, altho it didn't hurt to >reread all the selling rules in Chapter 10. From my "hands on" training from >WON staffers, however, I would disagree that he discourages moving a sto= p >up, however he does say to never, NEVER ever move it down. > Tom, thanks for the up-to-date information. I have been noticing more and more lately, differences between HTMMIS and information from WON's seminars or hands on info like your own. I remembe= r WON mentioned in the yahoo chat that CANSLIM has'nt changed, yet it seems= to me that it has. Don't you think it's about time for a revised edition tha= t would reflect all these points? I would'nt mind a book with an emphasis on M and chapters 9 and up, writt= en as a "...for Dummies" book filled with real life examples explained in intelligent but lay terms. David - - ------------------------------ Date: Mon, 2 Feb 1998 08:11:45 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] HTMMIS (was Discount brokers) Personally, I don't think CANSLIM itself has changed, but the application= of it to the present mkt conditions is different. In the years since this bo= ok was first written, the index nrs have grown far greater, vast amounts of money have flowed into the mkt, many investors have less experience, esp with enduring a bear mkt, there are now more mutual funds that stocks trading, and more people are doing their "savings" in the mkt than in ban= ks today. As a result, volatility has increased, the spread of information i= s far greater and faster thanks to the internet, "M" seems to me to be more sensitive both to natl and world wide events, and technology is constantl= y increasing the "N" elements as well. I have seen numerous examples of WON contradicting what he originally wro= te in HTMMIS by things said in his seminars (or the charts of stocks he favors). By and large the contradictions are not major, but just judging = by all the discussions we have had over the size of an initial stop loss percentage, when to sell, and whether to use trailing stops (and how larg= e a stop) when a stock moves up shows just how much room there is for mis-applying what WON currently advocates. Any statements or opinions are strictly my own and not that of my employe= r. 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: David S. Pinhasik To: canslim@lists.xmission.com Date: Monday, February 02, 1998 6:26 AM Subject: Re: [CANSLIM] Discount brokers - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: =E9=E5=ED =F9=F0=E9 02 =F4=E1=F8=E5=E0=F8 1998 11:16 Subject: Re: [CANSLIM] Discount brokers >I was going to respond to this one earlier, but still wading thru email >(that's what I get for taking Sunday off). I did some quick flipping thr= u >HTMMIS without finding what I was looking for, altho it didn't hurt to >reread all the selling rules in Chapter 10. From my "hands on" training from >WON staffers, however, I would disagree that he discourages moving a sto= p >up, however he does say to never, NEVER ever move it down. > Tom, thanks for the up-to-date information. I have been noticing more and more lately, differences between HTMMIS and information from WON's seminars or hands on info like your own. I remembe= r WON mentioned in the yahoo chat that CANSLIM has'nt changed, yet it seems= to me that it has. Don't you think it's about time for a revised edition tha= t would reflect all these points? I would'nt mind a book with an emphasis on M and chapters 9 and up, writt= en as a "...for Dummies" book filled with real life examples explained in intelligent but lay terms. David - - - - ------------------------------ Date: Mon, 02 Feb 1998 07:01:52 -0500 From: jferron Subject: [CANSLIM] Re: non-CANSLIM card trick As you said, it's real obvious, but only after it's been pointed out, 'cause they do a real good job of drawing your attention away from what's important. I believe professional magicians call this "misdirection". It's not unlike a whole country allowing itself to become hypnotized with a guy's sexual activities instead of the real issue - his performance as a leader. JF - - ------------------------------ Date: Mon, 2 Feb 1998 15:57:19 +0200 From: "David S. Pinhasik" Subject: Re: [CANSLIM] Fw: Brokers, Firms, and Me. Here are some more that I have found: http://www.brokerlinks.com/ http://www.cyberinvest.com/ http://tqd.advanced.org/3088/ http://www.investorguide.com/ http://www.sonic.net/~donaldj/ http://www.onlineinvestors.com/ http://www.invest-faq.com/ http://www.moneypages.com/syndicate/ David - -----Original Message----- From: Tom Worley To: CANSLIM Date: =E9=E5=ED =F9=F0=E9 02 =F4=E1=F8=E5=E0=F8 1998 13:18 Subject: [CANSLIM] Fw: Brokers, Firms, and Me. >A new site I found for online brokerage firm ratings: > >>>Can anyone tell me about the best brokerage firms to deal with, i.e. o= nes >>>with low fees. Would it be wise for me to join Ameritrade or a compan= y as >>>such? >>> >>Joe, >> I recommend you check out http://www.gomezadvisors.com. They're a >>consulting firm that tracks Internet brokerages and rates them on a >>variety of factors. On their Web site, they regularly update their >>"score card" of 'Net brokerages. > > > >- > > - - ------------------------------ Date: Mon, 02 Feb 1998 08:00:08 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Everyone, >From time to time, 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://chaos.csd.sdl.usu.edu/pub/incoming/". See ftp instructions below. 2. Send mail to me directly at "jeff.salisbury@sdl.usu.edu" 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://chaos.csd.sdl.usu.edu/pub/canslim/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://chaos.csd.sdl.usu.edu/pub/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. - - ------------------------------ Date: Mon, 2 Feb 1998 07:58:32 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] NYSE Adv Vol. and Dec. Vol. > Date: Sun, 01 Feb 1998 22:20:00 -0700 > From: "Joe J." > I have been trying to work with several indicators to help me confirm > the "M". In doing so, I've been trying to backtest these indicators > using MetaStock. I have approximately two years of data from my > QuotesPlus program and some additional historic data from a CD that came > with MetaStock. However, I am looking for the NYSE advancing volume and > NYSE declining volume for years 1990 through 1996. Does anyone know > where I can get this data for free on the Web? I already tried the NYSE > site with no luck. I have looked and don't know where to find it either, but if you dig it up somewhere, could you let me know? BTW, Larry Connors says that if the difference between a 5 day average of the advances minus the 5 day avg. of decliners gets to be +500 the market is overbought, -500 and it is oversold and due for a bounce. - - ------------------------------ Date: Mon, 2 Feb 1998 11:36:12 -0500 From: "Antista, Anthony" Subject: [CANSLIM] THRX I believe that this is one of the best C&H i've seen in a while. PE look high. Does anyone agree?? Tony begin 600 WINMAIL.DAT M>)\^(AH0`0:0" `$```````!``$``0>0!@`(````Y 0```````#H``$(@ <` M& ```$E032Y-:6-R;W-O9G0@36%I;"Y.;W1E`#$(`06 `P`.````S@<"``(` M"P`D``P``0`5`0$@@ ,`#@```,X'`@`"``L`)0`8``$`(@$!"8 !`"$```!% M,#@Q04,Q1D)%.3E$,3$Q.4,T,C P.# U1C$U,C!#-0`.!P$-@ 0``@````(` M`@`!!( !``4```!42%)8`$8!`0.0!@"L`P``&0````,`!A"^F!#K`P`'$$\` M```>``@0`0```% ```!)0D5,2456151(05142$E325-/3D5/1E1(14)%4U1# M)DA)5D53145.24Y!5TA)3$5014Q/3TM(24=(1$]%4T%.64].14%'4D5%/S]4 M3TY9``,`$! ``````P`1$ `````"`0D0`0```-P```#8````: $``$Q:1G4! MIQ&4_P`*`0\"%0*D`^0%ZP*#`% 3`U0"`&-H"L!S973N,@8`!L,"@S(#Q@<3 M`H/V,P]_$(1]"H (SPG9`H '"H$-L0M@;F1`'!Y91M"80G" M/S\*A0J%5)T"('D*CPN1%"(Q-R!6!16A`"-P'@!P``$````%````5$A26 `` M```"`7$``0```!8````!O2_Y^GR$FI+LF[H1T;3>`&",ALP8``! `#D``EU3 MK/@OO0$#`/$_"00```,`)@```````P`V```````"`4<``0```"X```!C/553 M.V$](#MP/4%45#ML/4Y%4BU-4T`/H_`0```!$` M``!!;G1I Subject: Re: [CANSLIM] NYSE Adv Vol. and Dec. Vol. At 07:58 02/02/98 -0800, you wrote: >> Date: Sun, 01 Feb 1998 22:20:00 -0700 >> From: "Joe J." > > >> I have been trying to work with several indicators to help me confirm >> the "M". In doing so, I've been trying to backtest these indicators >> using MetaStock. I have approximately two years of data from my >> QuotesPlus program and some additional historic data from a CD that came >> with MetaStock. However, I am looking for the NYSE advancing volume and >> NYSE declining volume for years 1990 through 1996. Does anyone know >> where I can get this data for free on the Web? I already tried the NYSE >> site with no luck. > >I have looked and don't know where to find it either, but if you dig >it up somewhere, could you let me know? BTW, Larry Connors says that >if the difference between a 5 day average of the advances minus the 5 >day avg. of decliners gets to be +500 the market is overbought, -500 >and it is oversold and due for a bounce. > I couldn't resist the challenge to find this stuff so I went hunting. Go to http://www.decisionpoint.com/DownloadFiles/Data1980.html and you'll find historical data that includes what you are looking for as well as data from 1980 thru 1997. It includes a dozen or more other historical data and indicators. Actually the site itself looks quite interesting: http://www.decisionpoint.com The files I found are zipped txt files that can be loaded in an Excel spreadsheet. Good luck. BTW for anyone who doesn't know about it, there is a site called www.metafind.com which calls every other search engine on the planet, so there is no need to use different seacrh engines. Try metafind, you'll never go back. John McDonald Systar Inc. Software Engineer - - ------------------------------ Date: Mon, 2 Feb 1998 09:54:02 -0800 (PST) From: Anindo Majumdar Subject: [CANSLIM] 8 % stop loss rule how do you apply the 8 % loss rule when something like anad happen ? anad looked like a buy according to canslim criteria. anindo - - ------------------------------ Date: Mon, 2 Feb 1998 11:09:46 -0800 From: "Jerry & Tonia Joldersma" Subject: [CANSLIM] WON's Recent Picks I thought WON stressed buying companies with fewer than 25 million shares, so how does Southwest Airlines or Home Depot get on his list, which was recently discussed in this group (I forgot who printed the list, but thanks!) Also, his book says not to buy "over-owned" companies, but several on the list have 60-80% institutional ownership -- sounds like "over-owned" to me..... any help? - - ------------------------------ Date: Mon, 2 Feb 1998 11:14:01 -0800 From: Mike Lucero Subject: RE: [CANSLIM] 8 % stop loss rule Perhaps a buy if it weren't 30% off it's high. Mike On Monday, February 02, 1998 9:54 AM, Anindo Majumdar [SMTP:amajumda@cisco.com] wrote: > how do you apply the 8 % loss rule when something like anad > happen ? anad looked like a buy according to canslim criteria. > > anindo > > > > - - ------------------------------ Date: Tue, 3 Feb 1998 02:15:05 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] THRX ** Reply to note from "Antista, Anthony" Mon, 2 Feb 1998 11:36:12 -0500 > I believe that this is one of the best C&H i've seen in a while. PE look > high. Does anyone agree?? WON says that the handle of a proper cup & handle should remain in the upper half of the cup. In the case of THRX, it should hold above 43 1/2. This was not the case. Maybe it will build a handle around the current levels. In the mean time, I would steer clear. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Four minus two is one and the same. - - ------------------------------ Date: Mon, 2 Feb 1998 11:27:53 -0800 From: "Jerry & Tonia Joldersma" Subject: [CANSLIM] LLUR Investing One advantage in LLUR investing appears to be that I can buy on a pull-back to the trend-line instead of on a break-out to a new high as is done with most of CANSLIM buying. Buying on a pull-back will allow much closer stops than buying on new highs, simplifying the WON 5-8% stop loss rule. Any feedback? - - ------------------------------ Date: Tue, 03 Feb 1998 03:33:23 -0800 From: Tim Fisher Subject: Re: [CANSLIM] 8 % stop loss rule At 09:54 AM 2/2/98 -0800, you wrote: > how do you apply the 8 % loss rule when something like anad >happen ? anad looked like a buy according to canslim criteria. > Look at the 5-minute chart for Anadigics (quote.com). Someone knew what was up and a huge block of about 300K shares went through on the 29th late in the day. Incredible to look at on the chart. This started a slide from over 35 to under 34 that day. If you watch your stocks like a hawk you could have gotten out before the market closed on the 29th. After that you were obviously toast. P.S. I wouldn't have called it a buy - not enough volume on the 28th, and that one block made most of that day's volume on the 29th to the downside. Don't know if WON goes into this in HTMMIS but I always look at a 1-minute or 5-minute chart of a stock that is breaking out on heavy volume to see where that heavy volume is taking place. If it ticks up on light volume but ticks back down on heavy volume or big block trades I am suspicious and I wait until the next market day to see if the breakout will hold up. Anyone else notice this pattern? - - ------------------------------ Date: Mon, 2 Feb 1998 11:38:22 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] 8 % stop loss rule > From: Anindo Majumdar > Subject: [CANSLIM] 8 % stop loss rule > how do you apply the 8 % loss rule when something like anad > happen ? anad looked like a buy according to canslim criteria. Just taking a quick glance at the chart, you should not have bought in recently - no base, no breakout - and if you have been in for a while you probably should have sold out earlier. If you own this, where did you buy, if you don't mind me asking? - - ------------------------------ Date: Mon, 2 Feb 1998 11:48:13 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] 8 % stop loss rule I don't own it. But it was in my watch list as a possible buy. I am glad I waited. > > > From: Anindo Majumdar > > Subject: [CANSLIM] 8 % stop loss rule > > > how do you apply the 8 % loss rule when something like anad > > happen ? anad looked like a buy according to canslim criteria. > > Just taking a quick glance at the chart, you should not have bought > in recently - no base, no breakout - and if you have been in for a > while you probably should have sold out earlier. If you own this, > where did you buy, if you don't mind me asking? > > > - > > - - ------------------------------ Date: Mon, 2 Feb 1998 14:58:48 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] CANSLIM (was LLUR Investing) Technically, what you are describing is not CANSLIM. With a LLUR chart, when it pulls back you still need to see if it will violate that pattern to the downside, then wait for it to resume its historic trend, thus you would still be buying at or close to its high, but without a nearby support base. If you were to buy as soon as it turns back up, but not yet at its prior high, you are trusting it to continue its pattern, and should probably keep an even tighter stop than 8%. 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: Jerry & Tonia Joldersma To: canslim@xmission.com Date: Monday, February 02, 1998 2:26 PM Subject: [CANSLIM] LLUR Investing >One advantage in LLUR investing appears to be that I can buy on a pull-back >to the trend-line instead of on a break-out to a new high as is done with >most of CANSLIM buying. Buying on a pull-back will allow much closer stops >than buying on new highs, simplifying the WON 5-8% stop loss rule. Any >feedback? > > >- > - - ------------------------------ End of canslim-digest V2 #105 ***************************** 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.