From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #108 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Thursday, February 5 1998 Volume 02 : Number 108 In this issue: [CANSLIM] THRX Re: [CANSLIM] Waaco (was Copy of Canslim returns letter.) [CANSLIM] Software? Re: [CANSLIM] Waaco (was Copy of Canslim returns letter.) Re: [CANSLIM] OMQP Re: [CANSLIM] Breakouts - GX & HCFP [CANSLIM] Trading stocks Re: [CANSLIM] Breakouts - GX & HCFP Re: [CANSLIM] CSCO [CANSLIM] NRVH - what happened? [CANSLIM] Free real time quotes Re: [CANSLIM] CSCO Re: [CANSLIM] NRVH - what happened? [CANSLIM] Stop loss/stop limit Re: [CANSLIM] Software? Re: [CANSLIM] Software? Re: [CANSLIM] Stop loss/stop limit [CANSLIM] MWL - Mailwell [CANSLIM] FYI: MetaStock for Java ---------------------------------------------------------------------- Date: Tue, 03 Feb 1998 23:53:48 -0800 From: Dan Cash Subject: [CANSLIM] THRX The following is excerpted from a news group digest, that I unfortunately have found benefit in receiving for the forseeable future. The news group is dedicated to the decimination of information on prostate cancer and the use of radioactive seeds implanted in the prostate to tread PC. This company is a/the major supplier of this product as best I understand The following quote is from a MD who uses this product. - ----------------------------------------------------------------------- We have typically had about a 2 month wait for Pd-103 seeds in recent cases. It is about twice that and worsening for I-125 seeds. For that reason, the majority of our recent patients have been implanted with Pd-103 seeds. There is a second producer of I-125 seeds (North American Scientific) on the horizon but I personally know of nobody that has actually implanted any of their seeds. The seed manufacturers appear to have underestimated the demand for this procedure terribly, leading to the current waiting situation. They simply do not have the current capacity to produce enough seeds to meet the demand. I am not sure whether this will improve or not. I personally see the procedure growing about five-fold in volume during the next few years, based on the triple whammy of its growing popularity, its ever strengthening track record against cancer and the demographic trend of aging baby boomer prostates. I don't know whether the seed manufacturers have the same future vision or not. - ---------------------------------------------------------------------- Regards Dan Cash Men: Do you know your PSA value Women: Do the significant men in your life know their PSA value? - - ------------------------------ Date: Wed, 4 Feb 1998 07:42:26 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Waaco (was Copy of Canslim returns letter.) Members, just a word of caution on Waaco's stock forum. As one who ended up being badly scammed by a totally fraudulent company hyped on their site, I would encourage all to do their homework on anything obtained there. They have made a lot of changes to at least appear to be a legitimate center, however it still is a "trader's forum" not a CANSLIM site. And they never admitted any responsibility for the damage done to myself or other investors who listened to their hype. 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: Surindra Singh To: canslim@mail.xmission.com Date: Tuesday, February 03, 1998 10:24 PM Subject: [CANSLIM] Copy of Canslim returns letter. Subject: 51 / CANSLIM Returns! Welcome back, Chuck.... From: Northone@aol.com Date: Tue, 3 Feb 1998 15:30:37 EST To: capmark@idt.net Subject: CANSLIM Waaco, The following were added to the active CANSLIM board today. Chuck ***************************************************************** Co-editors contributions to the Waaco Kid's Forum (WKF) should be - - ------------------------------ Date: Tue, 03 Feb 1998 22:36:08 -0800 From: Douglas Motsenbocker Subject: [CANSLIM] Software? Can anyone recommend some good software for tracking stocks. I have the Power Investor from Investor's Alliance, which has served me well. It's fair, but their data is often in error. And Internet downloading is too slow. I want 1. Daily updates on the Internet. 2. Screening capabilities for most of the CANSLIM categories (earnings, etc.) 3. Reasonable price. What are you currently using, and does it meet your needs? Doug =============================================== Douglas Motsenbocker Porterville, California dmots@cheerful.com - - ------------------------------ Date: Wed, 4 Feb 1998 08:12:35 -0500 (EST) From: "Surindra J. Singh" Subject: Re: [CANSLIM] Waaco (was Copy of Canslim returns letter.) Tom: I do not know how this landed in my mailbox, but this was the first one I received and forwarded a copy to the group without any comments of my own. I am so glad you knew and have enlighted us about Waaco (rather you everything related to stock market I can imagine). Please keep up the great job of educating us with your clear concepts. I know everyone appreciates your thoughts and sharing with this group. Surindra On Wed, 4 Feb 1998, Tom Worley wrote: > Members, just a word of caution on Waaco's stock forum. As one who ended up > being badly scammed by a totally fraudulent company hyped on their site, I > would encourage all to do their homework on anything obtained there. They > have made a lot of changes to at least appear to be a legitimate center, > however it still is a "trader's forum" not a CANSLIM site. And they never > admitted any responsibility for the damage done to myself or other investors > who listened to their hype. > > 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: Surindra Singh > To: canslim@mail.xmission.com > Date: Tuesday, February 03, 1998 10:24 PM > Subject: [CANSLIM] Copy of Canslim returns letter. > > > Subject: 51 / CANSLIM Returns! > > Welcome back, Chuck.... > > From: Northone@aol.com > Date: Tue, 3 Feb 1998 15:30:37 EST > To: capmark@idt.net > Subject: CANSLIM > > Waaco, > The following were added to the active CANSLIM board today. > Chuck > > > > ***************************************************************** > Co-editors contributions to the Waaco Kid's Forum (WKF) should be > > > > - > > - - ------------------------------ Date: Wed, 04 Feb 1998 07:10:47 -0600 From: Dave Cameron Subject: Re: [CANSLIM] OMQP Jeffry White wrote: > > 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. Its interesting how we can look at these things differently. As Connie indicates frequently, he is not a CANSLIM-er, but a day trader. However, there is some overlap in the indicators we use. I would not buy OMQP because there is, at best, a 2-week base. This is at a level which it hit back in June and was unable to go higher for longer than a couple days. I wish you luck. Dave Cameron > > 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: Wed, 04 Feb 1998 07:16:44 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Breakouts - GX & HCFP Peter Christiansen wrote: > > GX and HCFP are a couple of interesting stocks from my watchlist that broke out last night. > Both have "A" timeliness rankings from DG. Now these are the kind of charts I like to see! Nice catch, Peter Dave Cameron - - ------------------------------ Date: Wed, 04 Feb 1998 08:18:05 -0500 From: Connie Mack Rea Subject: [CANSLIM] Trading stocks - --------------40E71CC1B05D95DEF3D2A638 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- I have a couple of stocks that meet my OBV/MF trading criteria: DGIC BLCA ATRM I will not be buying these stocks for my own account. I am uneasy about the Russian comment this morning that an attack on Iraq might expand to a much larger engagement. I have only one stock down in my trading account, two with modest gains, and the rest with gains such that I will probably stop them out today. I hope to be half in cash by the end of the day. After that, I will further increase cash to 75 percent. If there is some non-fireball settlement with Iraq, I will move back a fully invested position. I hold these stocks: AWIN [my losing stock]. I will get out of this stock irrespective of its action today]. BIORY BOBE FPAM IMR ORCL PACC SYBS TTNP CVTI BCF But for the Russian comment, I would hold all of these [except AWIN] and make buys in DGIC, ATRM, and BLCA. Am glad to see so many lurkers making themselves known. Believe that you will find that this is one of the most congenial and knowledgeable sites anyway. I have found it so. Should any of you not know, I am a guest that Tom and others have made feel at home though I am a day trader and short term trader. My comment on stocks is made from a trader's viewpoint. I am glad that some of you have made short term money along with your Canslim picks. Connie Mack - --------------40E71CC1B05D95DEF3D2A638 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

I have a couple of stocks that meet my OBV/MF trading criteria:

    DGIC    BLCA    ATRM

I will not be buying these stocks for my own account.  I am uneasy about the Russian comment this morning that an attack on Iraq might expand to a much larger engagement.

I have only one stock down in my trading account, two with modest gains, and the rest with gains such that I will probably stop them out today.  I hope to be half in cash by the end of the day.  After that, I will further increase cash to 75 percent.

If there is some non-fireball settlement with Iraq, I will move back a fully invested position.

I hold these stocks:

AWIN [my losing stock].  I will get out of this stock irrespective of its action today].

BIORY    BOBE    FPAM    IMR    ORCL    PACC    SYBS    TTNP

CVTI    BCF

But for the Russian comment, I would hold all of these [except AWIN] and make buys in DGIC, ATRM, and BLCA.

Am glad to see so many lurkers making themselves known. Believe that you will find that this is one of the most congenial and knowledgeable sites anyway.  I have found it so.

Should any of you not know, I am a guest that Tom and others have made feel at home though I am a day trader and short term trader.  My comment on stocks is made from a trader's viewpoint.

I am glad that some of you have made short term money along with your Canslim picks.

Connie Mack - --------------40E71CC1B05D95DEF3D2A638-- - - ------------------------------ Date: Wed, 4 Feb 1998 20:51:57 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Breakouts - GX & HCFP ** Reply to note from Dave Cameron Wed, 04 Feb 1998 07:16:44 -0600 > > GX and HCFP are a couple of interesting stocks from my watchlist that broke out last night. > > Both have "A" timeliness rankings from DG. > > Now these are the kind of charts I like to see! Nice catch, Peter Thanks Dave. Unfortunately I have no spare cash to put to work. If I did, I wouldn't hesitate to give either one of these issues a try at current price levels. Cheers, Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ DOWN WITH EXCLAMATION POINTS!!!! - - ------------------------------ Date: Wed, 04 Feb 1998 10:57:15 -0600 From: Bill Daniels Subject: Re: [CANSLIM] CSCO Though it might negatively affect Cisco's (CSCO) numbers as a CANSLIM stock, I'm not that surprised to see decelerating growth from a company that has transitioned to a large cap stock. I don't think that it is reasonable to expect continued percentage gains due to the compounding effects. Before long their sales would exceed GDP, ie. Amway-ish mlm schemes. CSCO has huge sales on huge market share and sales continue to grow. It probably remains a solid company for a long-term portfolio. Your mileage may vary. I don't own CSCO except through mutual funds. Bill Daniels Patrick Wahl wrote: > I think Tom mentioned CSCO earnings (my computer crashed, cleaned > out my last download of canslim mail). I looked at sales figures, > something like fourth straight quarter of deccelerating sales, this > quarter up 26% - if I figured right - last quarter up 30%, previous > quarter 37%, etc. > > - - - ------------------------------ Date: Thu, 05 Feb 1998 02:58:41 -0800 From: Tim Fisher Subject: [CANSLIM] NRVH - what happened? As I write this NRVH is off 4-1/8 after reporting an estimate-crushing quarter. Can anyone figure this one out? - - ------------------------------ Date: Wed, 04 Feb 1998 14:56:24 -0700 From: Kirby Benson Subject: [CANSLIM] Free real time quotes Dear CANSLIMers, Found a site that offers 50 free real time quotes per day. http://rtq.newscorp.com/fox/index.sht Kirby - - ------------------------------ Date: Wed, 4 Feb 1998 20:04:55 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] CSCO Looks like the mkt agreed with you, up 1 9/16 on very heavy vol. 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: Bill Daniels To: canslim@lists.xmission.com Date: Wednesday, February 04, 1998 11:55 AM Subject: Re: [CANSLIM] CSCO >Though it might negatively affect Cisco's (CSCO) numbers as a CANSLIM >stock, I'm not that surprised to see decelerating growth from a company >that has transitioned to a large cap stock. I don't think that it is >reasonable to expect continued percentage gains due to the compounding >effects. Before long their sales would exceed GDP, ie. Amway-ish mlm >schemes. CSCO has huge sales on huge market share and sales continue to >grow. It probably remains a solid company for a long-term portfolio. - - ------------------------------ Date: Wed, 04 Feb 1998 20:27:23 -0500 From: Craig Griffin Subject: Re: [CANSLIM] NRVH - what happened? Tim, Strangely enough, I am not surprised. Big run from about $15 a year ago. Big move yesterday on the earnings, but a selloff at the end of the day. Yesterday's volume was the biggest in over a year (today was higher). O'Neil says that the end of a move often comes on the highest volume day since the move began. This is less frequently true when the volume is associated with a breakout as opposed to a continuation move like NRVH's yesterday. The stock has doubled in the previous 15 weeks (climax run, perhaps?) and it was up about 30% from the base in 3 weeks as of yesterday. One would expect to find some profit takers at these levels, regardless of the PE and growth prospects. It was also trading at 2 times its 200 dma ($21 * 2 = $42) which is often a place to consider taking profits (and many others will do so at that point as well). NRVH may do ok over the next few weeks or months, but looks like it wants to rest here. My guess would be for a longer rest than the 6 week bases it has been springing from recently. It also came off of a 4th stage base of only 6 weeks duration on the last b/o with a pivot of around $34. So a 30% move from that base is around (you guessed it) $44/share. And Canslim says "beware 3rd and 4th stage bases". And many Canslim'rs take profits at 20%, 25%, and 30%. It all adds up to some kind of top, either short or long term, who knows. The earnings were simply an opportunity for the "smart money" to get out at a high price (yesterday) and the slower money to get out today (like mine). Whether the sellers will still look smart in 5 months or 5 weeks is another question. I was in this one and considered selling yesterday on the pullback for some of the reasons outlined above, but didn't do a good analysis of the chart and waited for today. Today's action got my attention and I really thought it through (per the above). Decided to jump out with a meager profit and go find something else. There is always the possibility that this is simply a one day or one week shakeout and that there will be a bounce or strong rally tomorrow or next week. But my thinking was "do I want to still be holding this stock in three weeks and would I buy it today?". And the answer based on today's action was "no - the chart looks badly hurt here". As Frank says ... "I am often wrong, so plan accordingly". Best Regards, Craig At 02:58 AM 2/5/98 -0800, you wrote: >As I write this NRVH is off 4-1/8 after reporting an estimate-crushing >quarter. Can anyone figure this one out? > - - ------------------------------ Date: Wed, 04 Feb 1998 17:47:01 -0800 From: "John R. Allen" Subject: [CANSLIM] Stop loss/stop limit A question on stop loss and stop limit, I have used sell stop at my etrade account, what happens is that when the price of my stock declines to the stop loss point, it becomes a market order and executes. Question is, can I have both a sell stop and stop limit on the same stock? If so, does the stock sell once it hits the sell stop as long as its above the sell stop limit? And if it declines below the stop limit and then rises to above the limit but below the sell stop will it still execute? One more, I have seen some posts here regarding buy stop orders that are below the current ask price on various stops. Is that possible, Etrade doesn't permit buy stop orders unless they are above the current ask. TIA John R. Allen - - ------------------------------ Date: Wed, 04 Feb 1998 21:04:51 -0500 From: Chris Subject: Re: [CANSLIM] Software? Doug, I'd suggest you look at Quotes-Plus. Powerfull scanning of both fundimental data and technical analysis, a not bad charting package built in, and if you want more power, buy metastock. Chris Hyde Douglas Motsenbocker wrote: > > Can anyone recommend some good software for tracking stocks. I have the > Power Investor from Investor's Alliance, which has served me well. It's > fair, but their data is > often in error. And Internet downloading is too slow. I want > 1. Daily updates on the Internet. > 2. Screening capabilities for most of the CANSLIM categories (earnings, > etc.) > 3. Reasonable price. > > What are you currently using, and does it meet your needs? > > Doug > > =============================================== > Douglas Motsenbocker > Porterville, California > dmots@cheerful.com > > - - - ------------------------------ Date: Wed, 04 Feb 1998 21:04:51 -0500 From: Chris Subject: Re: [CANSLIM] Software? Doug, I'd suggest you look at Quotes-Plus. Powerfull scanning of both fundimental data and technical analysis, a not bad charting package built in, and if you want more power, buy metastock. Chris Hyde Douglas Motsenbocker wrote: > > Can anyone recommend some good software for tracking stocks. I have the > Power Investor from Investor's Alliance, which has served me well. It's > fair, but their data is > often in error. And Internet downloading is too slow. I want > 1. Daily updates on the Internet. > 2. Screening capabilities for most of the CANSLIM categories (earnings, > etc.) > 3. Reasonable price. > > What are you currently using, and does it meet your needs? > > Doug > > =============================================== > Douglas Motsenbocker > Porterville, California > dmots@cheerful.com > > - - - ------------------------------ Date: Wed, 4 Feb 1998 21:15:50 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Stop loss/stop limit Let me see if I can explain stops without getting too confusing. If I fail, ask for clarification during the questions period below. A stop order (buy or sell) is used to create an order that only goes into effect under a set of circumstances. A sell stop is used to create a sell order (mkt or limit) should the stock trade at or below a preset price. Likewise a buy stop is used to create a buy order should the stock trade at or above a preset price. In both cases, the "preset price" is "away from the mkt", that is, below the mkt on a sell stop and above on a buy stop. In both cases (buy and sell stops) a limit can also be used. What happens is in two stages (note that both are normally used with a GTC type order - good till cancelled, which is apparently good for differing time periods depending on which BD you use). First your stop limit must be triggered. At that time, the order becomes a day order for either market or limit, depending on what you use. If you use a limit and it is not met that day, then the order should revert to its prior form (e.g. a GTC stop limit to either buy or sell). Example: You want to protect a position of 100 ABC, so you enter a stop loss order at $32.125 (stock currently at $35 with a base at 32.25 at its lowest). If the stock gaps down to 28, then continues south from there, your stop loss is triggered and becomes a mkt sell, and you are executed somewhere around 28. Had you used a stop limit of stop 32.125 limit 31.875, your stop would have been triggered but the limit not reached. You can also set the limit nr higher than the stop nr. Works the same way on a buy stop. Contrast this to a simple limit order. XYZ is trading at 45, and you see the base 42 to 42.5. You are willing to buy, but don't want to pay more than 43.25, so you enter a buy order (day or GTC) at that price. Or, similiarly, you own MNO at 38 and are content with a 20% profit, so you enter a sell order (day or GTC) at 45 7/8. In either case should the mkt move to your simple limit, you are represented and may be executed. There is only one stage to this, a buy or a sell, at a preset limit or better. With a stop order, you have the earlier, triggering, stage which establishes the buy or sell order. Questions?? Then class dismissed. 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: John R. Allen To: canslim discussion grp Date: Wednesday, February 04, 1998 8:48 PM Subject: [CANSLIM] Stop loss/stop limit >A question on stop loss and stop limit, I have used sell stop at my >etrade account, what happens is that when the price of my stock declines >to the stop loss point, it becomes a market order and executes. >Question is, can I have both a sell stop and stop limit on the same >stock? If so, does the stock sell once it hits the sell stop as long as >its above the sell stop limit? And if it declines below the stop limit >and then rises to above the limit but below the sell stop will it still >execute? >One more, I have seen some posts here regarding buy stop orders that are >below the current ask price on various stops. Is that possible, Etrade >doesn't permit buy stop orders unless they are above the current ask. >TIA >John R. Allen > >- > - - ------------------------------ Date: Wed, 04 Feb 1998 23:01:00 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] MWL - Mailwell MWL - Mailwell. Looks like it is finished building a nice base in the 36-40 range. Approx 8 weeks long. EPS 95 PE 26 ( 1.0 x SP) ROE 15% RS 97 Acc./Dis B Sponsor Rank B 12.4 Mil Float Group RS 45 (kinda low) Debt 173% (did they add more to buy Rono Graphic Comm?) Funds own 40% Banks 2% Management 18% Up/Dwn Vol Ratio 1.1 Technically: Very strong Money Flow. Connie Mac 3/5/9 is settling down (tightening) and is correct phase (crossed over). May dip one more time to an intraday $39, but unlikely. Looks very good technically which is the only reason I mention them. After looking over the fundamentals I don't like it much. But, technically it is one of the best charts I've seen in a while, daily & weekly. Point & figure flattening out however. Hmm.... I dunno... Probably better ones out there, sorry I wasted the bandwidth. Anyone like the leisures? ccl, fgci, rcl, rvr, stnrf? Ranking looks good, (where I like 'em anyway....) The cruise companies are sure advertising alot lately. Frank Wolynski ( I am often wrong, plan accordingly. ) P.S. This message actually has been in my trash three times. What a day! Must be the job stress getting to me! - - ------------------------------ Date: Thu, 5 Feb 1998 01:22:29 -0800 From: Mike Lucero Subject: [CANSLIM] FYI: MetaStock for Java For those interested in looking at indicators for free: http://www.equis.com/java/ms4java800.html Mike - - ------------------------------ End of canslim-digest V2 #108 ***************************** 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.