From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #106 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Tuesday, February 3 1998 Volume 02 : Number 106 In this issue: Re: [CANSLIM] WON's Recent Picks Re: [CANSLIM] Stocks Re: [CANSLIM] THRX Re: [CANSLIM] THRX [CANSLIM] Suretrade has Briefing.com for free? [CANSLIM] Option Expiration Dates Re: [CANSLIM] WON's Recent Picks Re: [CANSLIM] Stocks Re: [CANSLIM] WON's Recent Picks Re: [CANSLIM] Tom Worley Posts. Re: [CANSLIM] Stocks Re: [CANSLIM] Stocks Re: [CANSLIM] Discount brokers [CANSLIM] Accessing the discussion canslim archives... Re: [CANSLIM] Discount brokers [CANSLIM] OMQP Re: [CANSLIM] Option Expiration Dates Re: [CANSLIM] WON's Recent Picks Re: [CANSLIM] OMQP [CANSLIM] Thank You [CANSLIM] E-Trade vs. Suretrade [CANSLIM] WON's Recent Picks [CANSLIM] Elliot Wave/Fibonacci ---------------------------------------------------------------------- Date: Mon, 2 Feb 1998 15:17:16 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] WON's Recent Picks Much of WON's paying clientele are institutional money managers. The vast majority of them want big cap stocks, altho I am sure there are also a few small cap fund mgrs among them. And the mkt, for several years now, has been primarily big cap, sometimes exclusively so. In times of uncertainty, money will almost always flow into big cap stocks and away from small caps. The danger of large institutional ownership is that (a) you don't get sizable new buying from institutionals and (b) you get enormous selling in case of a neg surprise. The trade off, however, is that you tend to get stability (and safety) so long as the co continues to do what the analysts are forecasting. You also get a lot more analysts following the company, and usually a better concensus of earnings forecasts. 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 2:08 PM 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 15:28:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Stocks All three look good (of course I am biased, my favorite is still the #1 in the group - EPIQ - I'm now up 2.5 from a 9.5 buy). Note that DSTM has an u/d ratio of 0.9, pretty weak for the stocks in this group, and also has an upcoming 2:1 split, which could lead to some short term selling. 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 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: Mon, 2 Feb 1998 13:45:55 -0800 (PST) From: Tim Fisher Subject: Re: [CANSLIM] THRX Don't know if it's a C&H yet, and if it isn't, it isn't any of WON's chart types he discusses in HTMMIS. Two ways you could have gone with this are buy on any of the successive breakouts on heavy volume last Tues through today (the most successive gaps up on heavy volume I have seen since KEG last summer), or wait until it forms a proper C&H (there is no handle yet). I bit the bullet and am in early (or late, depending on if you ignore the need for a base or not) at 49-1/2. I thank Tom again for the explanation of the new display rules; IMHO, WON is wrong about entering market orders to execute at the open, as splitting the bid/ask has saved me money (compared to buying at the market at the open) every time for me so far. Plus it's fun watching your limit order become the new bid and then the last trade! At 11:36 AM 2/2/98 -0500, you wrote: >I believe that this is one of the best C&H i've seen in a while. PE look >high. Does anyone agree?? > >Tony > > > > >Attachment Converted: C:\INCOMING\WINMAIL.DAT > P.S. I don't know if you realize this but you are sending everyone on this list your winmail.dat file; please figure out how to turn it off as a courtesy to everyone you send email to... Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish - - ------------------------------ Date: Mon, 2 Feb 1998 14:03:58 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] THRX Does anyone else get the feeling that we have resumed the next leg of the bull market ? Anindo > > Don't know if it's a C&H yet, and if it isn't, it isn't any of WON's chart > types he discusses in HTMMIS. Two ways you could have gone with this are buy > on any of the successive breakouts on heavy volume last Tues through today > (the most successive gaps up on heavy volume I have seen since KEG last > summer), or wait until it forms a proper C&H (there is no handle yet). I bit > the bullet and am in early (or late, depending on if you ignore the need for > a base or not) at 49-1/2. I thank Tom again for the explanation of the new > display rules; IMHO, WON is wrong about entering market orders to execute at > the open, as splitting the bid/ask has saved me money (compared to buying at > the market at the open) every time for me so far. Plus it's fun watching > your limit order become the new bid and then the last trade! > > At 11:36 AM 2/2/98 -0500, you wrote: > >I believe that this is one of the best C&H i've seen in a while. PE look > >high. Does anyone agree?? > > > >Tony > > > > > > > > > >Attachment Converted: C:\INCOMING\WINMAIL.DAT > > > P.S. I don't know if you realize this but you are sending everyone on this > list your winmail.dat file; please figure out how to turn it off as a > courtesy to everyone you send email to... > > Tim Fisher > tfish@spiritone.com > 1995 President - Pacific Fishery Biologists > Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page > http://www.spiritone.com/~tfish > > > - > > - - ------------------------------ Date: Mon, 2 Feb 1998 23:45:19 +0100 From: "Alex" Subject: [CANSLIM] Suretrade has Briefing.com for free? Hi! I've heard that Suretrade now has free Briefing.com online. Since it is one of my favourite sites maybe I should open up a new account with them. Is anybody currently with Suretrade and could tell me if one can access all of Briefings basic services and maybe even the professional (which includes bond and fx-data)? Thanks, _______________________________________________ Alexander Herrmann eMail: alex@who.net _______________________________________________ I want to die peacefully, in my sleep, like my grandfather, not screaming, terrified, like his passengers. - - ------------------------------ Date: Mon, 2 Feb 1998 17:58:46 -0800 From: "Robert Venchiarutti" Subject: [CANSLIM] Option Expiration Dates This is a multi-part message in MIME format. - ------=_NextPart_000_0017_01BD3004.34FF7040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Can someone refer me to a web site that details all option expiration = dates for 1998? Thanks in advance. - ------=_NextPart_000_0017_01BD3004.34FF7040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Can someone refer me to a web site that = details all=20 option expiration dates for 1998?  Thanks in=20 advance.
- ------=_NextPart_000_0017_01BD3004.34FF7040-- - - ------------------------------ Date: Tue, 03 Feb 1998 03:57:04 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] WON's Recent Picks On Mon, 2 Feb 1998 11:09:46 -0800, you wrote: :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? : I saw a list almost a year ago of the stocks that Mr. O'Neill owned PERSONALLY: BAANF BAC BGEN DURA EMC FTU MRK NKE =3D O'Neil's These are mostly not 25 million share companies. They are far larger, all of them I believe. At that time he thought these likely to do better than smaller companies. Dan - - ------------------------------ Date: Mon, 2 Feb 1998 23:21:12 EST From: SACADS@aol.com Subject: Re: [CANSLIM] Stocks So Tom on EPIQ where have you got your STOP set. Don't forget MSON! - - ------------------------------ Date: Mon, 2 Feb 1998 23:45:39 EST From: Psychfool@aol.com Subject: Re: [CANSLIM] WON's Recent Picks In a message dated 98-02-02 23:02:23 EST, you write: << I saw a list almost a year ago of the stocks that Mr. O'Neill owned PERSONALLY: BAANF BAC BGEN DURA EMC FTU MRK NKE = O'Neil's These are mostly not 25 million share companies. They are far larger, all of them I believe. At that time he thought these likely to do better than smaller companies. >> There is another advantage to the big ones, much less effort once you buy them and much less liklihood they'll sting you badly if you take a week off. - - ------------------------------ Date: Mon, 2 Feb 1998 22:52:30 -0700 (MST) From: cando@highfiber.com Subject: Re: [CANSLIM] Tom Worley Posts. >Tom, I wanted to tell you thank you for your input to the group. I enjoy >reading you stuff a lot. >Blake > Hi Blake, I always find it good to share compliments when we feel them. I second your opinion. James Coburn Albuquerque, NM - - ------------------------------ Date: Tue, 03 Feb 1998 08:09:08 -0800 From: Sam Funchess Subject: Re: [CANSLIM] Stocks That is sooo cold. Sam SACADS@aol.com wrote: > So Tom on EPIQ where have you got your STOP set. Don't forget MSON! > > - - - ------------------------------ Date: Tue, 03 Feb 1998 13:11:57 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Stocks On Tue, 03 Feb 1998 08:09:08 -0800, you wrote: :That is sooo cold. : :Sam Hey -- Tom's in Florida...he can take it! Dan :SACADS@aol.com wrote: : :> So Tom on EPIQ where have you got your STOP set. Don't forget MSON! :> :> - : : : : :- - - ------------------------------ Date: Tue, 03 Feb 1998 13:38:46 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Discount brokers On Mon, 2 Feb 1998 11:50:13 +0200, you wrote: : :-----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 = 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 : : :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 = price :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 = pivot :point. When he talks about 8%, he's assuming that you bought at the = exactly :correct time, and 8% would suggest that it's time to get out. However, = the :stock often oscillates in a normal correction period in which it's safe = to :assume 8% even if you did'nt get in at the exact right point. : :David Behdad makes a very good point. In absolute terms it doesn't matter what you payed for a stock. Person A who bought it for X and person B who bought it for X+n *should* (hopefully) exercise the same perfect judgement and sell the stock if it will go down and hold if it will go up, assuming it's going up fast enough to suit them. If you can somehow maintain that level of objectivity, I'd say you are showing the best judgement. I think all these rules and roadmaps are there because people are uncertain and looking for something to guide them. I'll just throw in that old metaphor, "keep the horse in front of the cart." It's pretty easy to say, and seems appropriate, though vague. I think the 8% rule can be viewed as a gut-check in a less than perfect situation. It's a way of giving yourself the hook when you blow it (you may as well blame yourself I suppose, but don't beat yourself up), and the point is that if you are on your game you should not be hitting that stop too often, but if you do hit it you respect it. - - ------------------------------ Date: Tue, 03 Feb 1998 08:00:05 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... >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. (BEST way) via your web browser at: ftp://ftp.xmission.com/pub/lists/canslim/ Click on either "archive" or "latest" and browse away. 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 - - ------------------------------ Date: Tue, 3 Feb 1998 07:47:30 -0700 From: carolreynolds@juno.com Subject: Re: [CANSLIM] Discount brokers Has anyone used Scottsdale Securities? How do they compare to the other online brokers? Rich > >>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 > _____________________________________________________________________ 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 Or call Juno at (800) 654-JUNO [654-5866] - - ------------------------------ Date: Mon, 02 Feb 1998 19:33:52 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] OMQP OMQP came up on my screen. Has most of the goodies, except the group is lagging. Maybe some of you who have DG will find other defects, like timeliness, etc. However, I bring it to the group because it's a Connie Mack special, in my opinion. Pull up a two month chart with 3/7/10 EMA and slow stochastics. The stoch crossed over on Friday's action, and today's action will cross the EMA. Chart look great, volume dried nicely. Looks low risk in here with a good opportunity for stop placement. TWLB showed the same characteristics just before it rocketed from under 23 to breakout above 27, and after a little rest, now over 30 today. Good luck, and thanks again Connie Mack. Those two indicators have resolved a lot of my uncertainties about entry points, etc. Jeffry White Thank you Connie Mack. - - ------------------------------ Date: Mon, 02 Feb 1998 22:21:12 -0600 (CST) From: "Jason P. Butler" Subject: Re: [CANSLIM] Option Expiration Dates Options expire the third Friday of each month Jason On Mon, 2 Feb 1998, Robert Venchiarutti wrote: > Can someone refer me to a web site that details all option expiration dates for 1998? Thanks in advance. > - - ------------------------------ Date: Tue, 3 Feb 1998 09:03:56 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] WON's Recent Picks > From: "Jerry & Tonia Joldersma" > To: > 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!) I think HD was mentioned as a more conservative investment with a steady earnings stream and good to own during bumpy market periods, like now, I think LUV was mentioned because he was in Dallas, they are in Dallas (?), and part of a leading group (airlines). I think sometimes we are all too rigid with some of these rules, especially market cap. One of his chart examples was Dell Computer, which was a very good performer over the last 12 or 18 months. I don't know the number of shares, but way past 25 million. I think the key thing is growth, and if you can find a larger company that is growing rapidly, there is no reason to ignore it just because it might have 50 or 100 million (or more) shares outstanding. - - ------------------------------ Date: Tue, 3 Feb 1998 10:07:36 -0800 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] OMQP Daily Graph #'s also look good. EPS 99, RS 90. U/D 1.4, A/D B, Timeliness B, solid to spectacular earnings growth (although growth rate is slowed down to 86% last quarter). Profit margins increased from 5.1% in 96 to 8.1% in 97 (note: the company went public in 3/97). Company has exceeded wall street estimates for earnings the last three quarters. Only problem is that group RS is 48, however, that group has been showing some strength the last couple of weeks. And as you say, the chart looks good. - -----Original Message----- From: Jeffry White <"postwhit@sover.net"@sover.net> To: canslim@mail.xmission.com Date: Tuesday, February 03, 1998 8:51 AM Subject: [CANSLIM] OMQP >OMQP came up on my screen. Has most of the goodies, except the group is >lagging. Maybe some of you who have DG will find other defects, like >timeliness, etc. However, I bring it to the group because it's a Connie >Mack special, in my opinion. > >Pull up a two month chart with 3/7/10 EMA and slow stochastics. The >stoch crossed over on Friday's action, and today's action will cross the >EMA. Chart look great, volume dried nicely. Looks low risk in here >with a good opportunity for stop placement. TWLB showed the same >characteristics just before it rocketed from under 23 to breakout above >27, and after a little rest, now over 30 today. > >Good luck, and thanks again Connie Mack. Those two indicators have >resolved a lot of my uncertainties about entry points, etc. > >Jeffry White > >Thank you Connie Mack. > > >- > > - - ------------------------------ Date: Tue, 03 Feb 1998 12:41:06 -0700 From: "Joe J." Subject: [CANSLIM] Thank You I posted the question asking for old market data and John McDonald posted back where I could get it for free on the Web. Just wanted to say thank you to John and mention that this is why this list is great to be on. Your questions get answered! Joe J. - - ------------------------------ Date: Tue, 03 Feb 1998 13:02:32 -0700 From: "Joe J." Subject: [CANSLIM] E-Trade vs. Suretrade Just had an interesting experience that I wanted to pass along. A couple of weeks ago I decided to jump from E-Trade to SureTrade. I did this since SureTrade was offering all trades for $7.95 while E-Trade ranged from $14.95 to $19.95 (NASDAQ). In addition, SureTrade was giving 100 free real time quotes per day - regardless if you made a trade or not on that day. Anyway, my transfer worksheet reached E-Trade and prompted a call from them today. They asked why I was leaving and I gave them the above reasons. About two minutes after I hung up, they called back and offered to give me 5 free trades and free real-time quotes if I would stay with them (this is my non-IRA account, I don't have a big balance in it, and really am not that active in it - so it's not like I'm a big time customer). I declined since I had already opened my SureTrade account and will probably be better off in the long run with SureTrade. However, anyone staying with E-Trade may at least want to call them and say you're thinking about leaving SureTrade for the free real quotes - I bet you can get them to give them to you for free. The person I spoke with is Anthony Lorez at 1-800-786-2575 extension 5024 (this is their general number and you have to wait on hold for them to transfer you from customer service to this extension - I waited about 5 minutes). Joe J. - - ------------------------------ Date: Tue, 03 Feb 1998 13:14:16 -0700 From: "Joe J." Subject: [CANSLIM] WON's Recent Picks - --------------7A454164D6B685E6FDA19D46 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit For those of you that were on the Yahoo Chat with WON, you will remember that he mentioned something to the effect that with the large amount of buying power of the institutions today even large stocks can make good CS candidates. Maybe this is why IBD expanded its NYSE reporting to look more like the NASDAQ reporting. I think he still prefers smaller caps but realizes that even big companies can move fast in today's marketplace. He recommended the drug stocks in that chat (middle of January) and just look at what they have done! I made some money on PFIZER so I'm happy I made it for that chat. Joe J. > 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? > - --------------7A454164D6B685E6FDA19D46 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit For those of you that were on the Yahoo Chat with WON, you will remember that he mentioned something to the effect that with the large amount of buying power of the institutions today even large stocks can make good CS candidates.  Maybe this is why IBD expanded its NYSE reporting to look more like the NASDAQ reporting.  I think he still prefers smaller caps but realizes that even big companies can move fast in  today's marketplace.  He recommended the drug stocks in that chat (middle of January) and just look at what they have done!  I made some money on PFIZER so I'm happy I made it for that chat.

Joe J. 

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?
  - --------------7A454164D6B685E6FDA19D46-- - - ------------------------------ Date: Tue, 03 Feb 1998 15:04:19 -0500 From: Connie Mack Rea Subject: [CANSLIM] Elliot Wave/Fibonacci - --------------124DD7F9532AE4865C75548E Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- For those interested in a bit of Elliot Wave theory and Fibonacci comment, you might look at this site: http://elliotwave.com/education/introwp.htm There is also a small glossary. Connie Mack - --------------124DD7F9532AE4865C75548E Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

For those interested in a bit of Elliot Wave theory and Fibonacci comment, you might look at this site:

    http://elliotwave.com/education/introwp.htm

There is also a small glossary.

Connie Mack - --------------124DD7F9532AE4865C75548E-- - - ------------------------------ End of canslim-digest V2 #106 ***************************** 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.