From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #109 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Friday, February 6 1998 Volume 02 : Number 109 In this issue: [CANSLIM] Dumb luck and other money-maker indicators. [CANSLIM] World Markets [CANSLIM] SSC [CANSLIM] Some picks.... [CANSLIM] new high, MINI [CANSLIM] TXI, RS [CANSLIM] Dividend [CANSLIM] QCOM aftermarket [CANSLIM] Bond Market selloff today [CANSLIM] Intro + Stocks Re: [CANSLIM] Intro + Stocks Re: [CANSLIM] TXI, RS Re: [CANSLIM] Some picks.... [CANSLIM] TMBS Re: [CANSLIM] TXI, RS Re: [CANSLIM] new high, MINI Re: [CANSLIM] OMQP Re: [CANSLIM] Intro + Stocks Re: [CANSLIM] MDC (was Some picks....) [CANSLIM] DSWLF warrants Re: [CANSLIM] Some picks.... Re: [CANSLIM] QCOM aftermarket [CANSLIM] stops etc Re: [CANSLIM] QCOM aftermarket Re: [CANSLIM] Intro + Stocks Re: [CANSLIM] OMQP Re: [CANSLIM] Some picks.... ---------------------------------------------------------------------- Date: Thu, 05 Feb 1998 07:58:20 -0500 From: Connie Mack Rea Subject: [CANSLIM] Dumb luck and other money-maker indicators. - --------------609830DB6247F4414462DCAC Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- I hoped to have a new OBV/MF stock or two, but my site is not updated yet this morning. I'll post if it gets organized. I posted earlier of a magazine article that spoke about simultaneously using a long string of MAs. One series used as many as ten [5/10/15/20/25 and 35/45/55/65/75; I may have these last five different from the article's last five, but I've found that the results are nominal.] Each of us has probably played with similar strings. They are, of course, of no use for trading. However, I did run several stocks through these long strings. You read the conjunction [bunching] of all the MAs as a point of significance: There is building up a pressure either to give a rise or fall in the price. I always have a little dumb money that I play with for any fool reason. A stock [then around a dollar two months ago] had all the MAs bunched in a near single strand. Paying no attention to what kind of stock it was, I bought a few shares of SSC. Yesterday I see that it received an inexplicable bump. Not smart enough to see that Buffet was buying silver and that my play stock was a silver stock, I dumb-lucked into a few dollars. How embarrassing. Why waste time at the university? One member pointed out to me that not all of my suggestions yesterday [DGIC, ATRM, and BLCA] met acceptable volume numbers. He's quite right. I pulled the stocks without looking at the numbers because I was intent upon getting at least 50% into cash rather than buying. However, both ATRM and BLCA had nice moves; DGIC was unchanged. It still looks intact. Yesterday was a good example of the rule for waiting for 20-30 minutes at the opening to see what is happening. Yeltsin's comment about an expanding war if we bomb Iraq seemed to be a reason for the market to fall. I intended to be 50 percent cash by the end of the day and almost put in some market orders for the open. However, waiting to see what the open looked like not only saved some money but allowed me to get a few partial points before selling into the rally. I will try to raise still more cash today. I've a queasy feeling that I can't get rid of. Connie Mack - --------------609830DB6247F4414462DCAC Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

I hoped to have a new OBV/MF stock or two, but my site is not updated yet this morning. I'll post if it gets organized.

I posted earlier of a magazine article that spoke about simultaneously using a long string of MAs. One series used as many as ten [5/10/15/20/25 and 35/45/55/65/75; I may have these last five different from the article's last five, but I've found that the results are nominal.]

Each of us has probably played with similar strings. They are, of course, of no use for trading. However, I did run several stocks through these long strings. You read the conjunction [bunching] of all the MAs as a point of significance: There is building up a pressure either to give a rise or fall in the price.

I always have a little dumb money that I play with for any fool reason. A stock [then around a dollar two months ago] had all the MAs bunched in a near single strand. Paying no attention to what kind of stock it was, I bought a few shares of SSC.

Yesterday I see that it received an inexplicable bump. Not smart enough to see that Buffet was buying silver and that my play stock was a silver stock, I dumb-lucked into a few dollars. How embarrassing. Why waste time at the university?

One member pointed out to me that not all of my suggestions yesterday [DGIC, ATRM, and BLCA] met acceptable volume numbers. He's quite right. I pulled the stocks without looking at the numbers because I was intent upon getting at least 50% into cash rather than buying.

However, both ATRM and BLCA had nice moves; DGIC was unchanged. It still looks intact.

Yesterday was a good example of the rule for waiting for 20-30 minutes at the opening to see what is happening. Yeltsin's comment about an expanding war if we bomb Iraq seemed to be a reason for the market to fall. I intended to be 50 percent cash by the end of the day and almost put in some market orders for the open.

However, waiting to see what the open looked like not only saved some money but allowed me to get a few partial points before selling into the rally. I will try to raise still more cash today. I've a queasy feeling that I can't get rid of.

Connie Mack - --------------609830DB6247F4414462DCAC-- - - ------------------------------ Date: Thu, 5 Feb 1998 08:21:54 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets Things look pretty settled in Asia, mostly positive, and Europe appears to having a quiet but positive day with the exception of UK. Futures suggest a positive opening, maybe up 30 pts on the Dow with the NASDAQ considerably stronger, maybe up 1%. Should give Connie his opportunity, hope his "queasy feeling" is just heartburn! BTW, lately the NASDAQ appears to be starting to outperform NYSE, maybe attempting to catch up to the S&P500, which has been setting records. I've been offline more than I choose as my ISP recovers from power outages and equipment failure from power surges. Hopefully all is now back to normal. Factory orders for Dec are to be reported today at 10AM, latest revision is for a drop of 3.2%, first drop in seven months. Major cause is a drop in durable goods orders, primarily aircraft, which tends to be volatile on a month to month basis. Biggest cause: Asian airline cos cancelling or delaying orders. Also expected to contribute: cars, household appliances, and furniture. 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: Thu, 05 Feb 1998 10:46:37 -0500 From: Connie Mack Rea Subject: [CANSLIM] SSC - --------------A009780F012E6BF426F351EC Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Two members have asked why I thought SSC was going to breakout to the upside. If you will look at BigCharts and bring up MoneyFlow, you'll see that for over two months the indicator has been on a steady rise. OBV, too, has had a slight upward bias. These two indicators, plus the multiple MAs I posted about today, said the odds were for an upside move. Then, yesterday, CNBC announces that Warren Buffett has been buying silver. My two primary indicators [OBV/MF], without knowing who or why they were rising, nevertheless, did indicate there was steady buying. As I've said, I frequently own stocks that I've no idea what they do or who they are. I trade 95% on mechanics [and hunches]. That SSC was a silver stock, I had no idea. The usually rationale for trading only mechanics is that whatever else one can look at is already built into the stock price. My stock source site is still down and have not been able to filter any new stocks. Connie Mack P.S. Tom: It's 10:40. The quease [not a word] is still with me. Won't be at all put out if I'm wrong. May all the members thereby prosper. - --------------A009780F012E6BF426F351EC Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Two members have asked why I thought SSC was going to breakout to the upside.

If you will look at BigCharts and bring up MoneyFlow, you'll see that for over two months the indicator has been on a steady rise.

OBV, too, has had a slight upward bias. These two indicators, plus the multiple MAs I posted about today, said the odds were for an upside move.

Then, yesterday, CNBC announces that Warren Buffett has been buying silver. My two primary indicators [OBV/MF], without knowing who or why they were rising, nevertheless, did indicate there was steady buying.

As I've said, I frequently own stocks that I've no idea what they do or who they are. I trade 95% on mechanics [and hunches]. That SSC was a silver stock, I had no idea.

The usually rationale for trading only mechanics is that whatever else one can look at is already built into the stock price.

My stock source site is still down and have not been able to filter any new stocks.

Connie Mack

P.S. Tom: It's 10:40. The quease [not a word] is still with me. Won't be at all put out if I'm wrong. May all the members thereby prosper. - --------------A009780F012E6BF426F351EC-- - - ------------------------------ Date: Thu, 05 Feb 1998 10:07:57 -0700 From: "Jose O. Perez" Subject: [CANSLIM] Some picks.... Hey group, I would like some input on this grouping. They came out of my Zacks canslim search. The Group #'s are not the greatest but they all meet the criteria. Tick / EPS/RS/ud thqi /65/98/1.4 nbty/82/98/3.3 mdc/91/95/5.9 cbr/99/92/2.1 cacoa/79/98/0.9 air/91/89/1.8 nct/90/94/1.7 They all had breakouts from a 9 day base yesterday. Thanks for any suggestions given, Jose' - - ------------------------------ Date: Wed, 04 Feb 1998 20:13:48 -0500 From: Jacksons Subject: [CANSLIM] new high, MINI This is a multi-part message in MIME format. - ------=_NextPart_000_0024_01BD31A9.679E3EE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, Of the day's 16 or so new highs with EPS 80 or greater, under $25, MINI = looked the best. Any Opinions? =20 Can someone please explain the significance of a "basing" period. I = read that some members prefer to buy after a certain number of weeks = basing. =20 thank you, Mark Johnson - ------=_NextPart_000_0024_01BD31A9.679E3EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Members,

Of the day's 16 or so new highs with = EPS 80 or=20 greater, under $25, MINI looked the best. Any Opinions? =20

Can someone please explain the = significance of a=20 "basing" period. I read that some members prefer to buy = after a=20 certain number of weeks basing.

thank you, Mark=20 Johnson

- ------=_NextPart_000_0024_01BD31A9.679E3EE0-- - - ------------------------------ Date: Thu, 5 Feb 1998 12:47:35 -0800 From: "Robert Venchiarutti" Subject: [CANSLIM] TXI, RS This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01BD3234.3BDA6AA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Any comments on these two stocks. They both have very good CANSLIM = no.'s, except for group strength (they both are basically steel = producer's). Charts look good. TXI looks like its making a new high = today on 150% avg daily volume, but still buyable. - ------=_NextPart_000_0006_01BD3234.3BDA6AA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Any comments on these two stocks. = They both=20 have very good CANSLIM no.'s, except for group strength (they both are = basically=20 steel producer's). Charts look good. TXI looks like its = making a new=20 high today on 150% avg daily volume, but still=20 buyable.

- ------=_NextPart_000_0006_01BD3234.3BDA6AA0-- - - ------------------------------ Date: Thu, 5 Feb 1998 22:32:41 +0100 From: "Alex Herrmann" Subject: [CANSLIM] Dividend Hi there, I've a question about dividends: In the press release it says "to stockholders of record on Feb. 6, 1998" so if I buy the stock tomorrow do I still get the dividend or is it too late??? Thanx, _______________________________________________ Alexander Herrmann eMail: alex@who.net _______________________________________________ - - ------------------------------ Date: Thu, 5 Feb 1998 19:12:21 -0500 From: "Tom Worley" Subject: [CANSLIM] QCOM aftermarket Hopefully no members are holding a long position in Qualcom. After the close they reported effects of Asia and preannounced the impact on earnings. Basically several S. Korean cos cancelled or postponed orders on the Q phone, and sales will be below plan. Stock was trading at 44 and change in aftermarket action, down about 12 from the close. Needless to say it will gap down on the open, after that who knows, looks like lowest support is 45, so below that all bets are off. 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: Thu, 5 Feb 1998 21:15:57 -0500 From: "Tom Worley" Subject: [CANSLIM] Bond Market selloff today For those watching, the sharp selloff on bonds was credited to a rumor that the Special Prosecutor had struck an immunity deal with Lawinsky. Suddenly, political uncertainty created new fear in the mkt. The good news is that a similiar selloff was likely if tomorrow's employment report was adverse, now the feeling is that the profit taking is out of the way, so a bad report will have little effect and a good report could stabilize or move the mkt up. 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: Thu, 05 Feb 1998 21:54:04 -0500 From: oli josefsson Subject: [CANSLIM] Intro + Stocks Allright, another lurker comes clean. I have been reading posts for a while and not spoken up until now. I started to get serious about managing my own money early last year. From many previous posts I gather that my experience last year was not unique: I was up around 40% late summer and during late fall I took a bath along with most small cap investors. I rode stocks that were up 80% down to almost break even. I was following more of a value approach and waiting to sell until the P/E ratio approaches the growth of the company. (People both use calculated growth based on earning projections [Motley Fool Peg Ratio] or some people use past growth). Well, when investors fled to "quality" they fled "undervalued" as well as "overvalued" small caps as I learned.... My lesson from all of this was that I had to factor in market conditions into my actions. Perhaps looking back a few years from now the termporary glitch of the last few months may not seem very signigicant but I have decided that I can not live with such volatility in my portfolio. I have therefore decided to adopt WONs approach to selling for gains and loss cutting - even though his rules for selling a stock that goes up more than 20% in less than 8 weeks are somewhat muddy. So I guess I am a canslimmer that still likes to buy stocks that are at least not grosely overvalued per the measurement above. In addition to the canslim criteria I like to see little debt and decent net margin (at least 6-7%). Another lesson during the tough months of November and December that I learned was the investing is a lot about ones own psychology and I have become a firm believer (like someone that posted a while back)in having firm (written) rules that can help guide one through tough times and prevent one from making BAD desicions. I read HTMMIS recently and have several issues/questions after reading the book that I would like to get feedback on later on.... I thought that I would post a few stocks that are on my radar screen currently. These are interesting from a price and volume standpoint, that is about all I know at this point - plan to spend the rest of the night doing further research. Here they are: tmbs bke abdr pm tnl bsys rop shoo omqp Comments - does anybody know any of these? How I wished I could just type in these on my keyboard and get all the CANSLIM info... Regards, Oli Josefsson. - - ------------------------------ Date: Thu, 5 Feb 1998 22:04:48 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Intro + Stocks Welcome to the group, Oli Currently WON's Daily Graphs is online and in beta (free) stage, altho this may change and become commercial any day. It will be expensive, like $700/year, but covers all stocks on NYSE, AMEX and NASDAQ and provides RS, EPS, Accumulation/Distribution, up to eight qtrs of earnings and revenues, a graph, 50 and 200 dma, up to five years of annual earnings plus any forecasts, funds percent ownership, shares issued, and for most stocks other CANSLIM data like Timeliness, up/down ratio, etc. Software is at www.dailygraphs.com, after which you need to register. Last word I had is that they are not yet charging, and won't do so once commercial without notifying the users first. You can also take a trial subscription to the paper version of Daily Graphs and/or Investor's Business Daily as other sources of pure "WON" CANSLIM data. Will take a look at the stocks you mentioned either later tonight or tomorrow and give you some feedback if someone hasn't beaten me to it. 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: oli josefsson To: canslim@lists.xmission.com Date: Thursday, February 05, 1998 9:45 PM Subject: [CANSLIM] Intro + Stocks >Allright, another lurker comes clean. >I have been reading posts for a while and not spoken up until now. >I started to get serious about managing my own money early last year. >this point - plan to spend the rest of the night doing further research. >Here they are: >tmbs >bke >abdr >pm >tnl >bsys >rop >shoo >omqp > >Comments - does anybody know any of these? >How I wished I could just type in these on my keyboard and get all the >CANSLIM info... >Regards, >Oli Josefsson. > >- > - - ------------------------------ Date: Fri, 06 Feb 1998 03:30:46 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] TXI, RS On Thu, 5 Feb 1998 12:47:35 -0800, you wrote: :Any comments on these two stocks. They both have very good CANSLIM = no.'s, except for group strength :(they both are basically steel producer's). Charts look good. TXI = looks like its making a new high :today on 150% avg daily volume, but still buyable. RS is very thinly traded: 18.8 million/12.4 million float. Today only 2,800 shares were reported traded, ADV =3D 43.7 K if you believe Yahoo, 19.5 k if you believe DG Online. Company is showing slow and fairly steady growth. TXI's chart looks pretty fabulous to me. Thanks, Robert. I think it looks very buyable. Anybody else?? Dan - - ------------------------------ Date: Thu, 05 Feb 1998 19:34:03 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Some picks.... At 10:07 AM 2/5/98 -0700, you wrote: >Hey group, > >I would like some input on this grouping. They came out of my >Zacks canslim search. The Group #'s are not the greatest but >they all meet the criteria. > >Tick / EPS/RS/ud >thqi /65/98/1.4 >nbty/82/98/3.3 >mdc/91/95/5.9 <---- Right on top of my Zacks LLUR scan. Wish I had some cash for it! >cbr/99/92/2.1 >cacoa/79/98/0.9 >air/91/89/1.8 >nct/90/94/1.7 > >They all had breakouts from a 9 day base yesterday. > >Thanks for any suggestions given, > >Jose' > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Thu, 5 Feb 1998 22:53:41 -0500 From: "Tom Worley" Subject: [CANSLIM] TMBS Anyone looking for a software co and not liking the thin trading of EPIQ should take a look at Timberline Software. Current RS 97, EPS 99, A/D at a D however up/down at 1.3 and chart suggests a decent base with a possible breakout today on over 5X avg daily 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 - - ------------------------------ Date: Thu, 5 Feb 1998 23:15:11 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TXI, RS Dan, both charts do look good, and all CS elements appear strong. I do not regreting taking a moderate profit in BS (Bethlehem Steel) and exiting the steel producing group about $2 higher than it is now trading. TXI may be benefiting from being in the "Diversified Operations" group with a GRS of 54 vs the pure steel producers like BS where the GRS is only 7. Not sure what group RS is in, but its aluminum side should be helping, that industry group has been much stronger than steel. 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: Dan Musicant To: canslim@lists.xmission.com Date: Thursday, February 05, 1998 10:28 PM Subject: Re: [CANSLIM] TXI, RS On Thu, 5 Feb 1998 12:47:35 -0800, you wrote: :Any comments on these two stocks. They both have very good CANSLIM no.'s, except for group strength :(they both are basically steel producer's). Charts look good. TXI looks like its making a new high :today on 150% avg daily volume, but still buyable. RS is very thinly traded: 18.8 million/12.4 million float. Today only 2,800 shares were reported traded, ADV = 43.7 K if you believe Yahoo, 19.5 k if you believe DG Online. Company is showing slow and fairly steady growth. TXI's chart looks pretty fabulous to me. Thanks, Robert. I think it looks very buyable. Anybody else?? Dan - - - - ------------------------------ Date: Thu, 5 Feb 1998 23:20:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] new high, MINI It's too extended (over 30%) for a new buy, revenue growth is shaky at best and certainly too inconsistent to make any good forecasts from it, and debt at 231% would be cause for close research and review. On bases, under CANSLIM guidance, look for a base of 6-8 weeks. Anything less weakens the potential of a legitimate breakout. 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: Jacksons To: canslim@mail.xmission.com Date: Thursday, February 05, 1998 1:45 PM Subject: [CANSLIM] new high, MINI Members, Of the day's 16 or so new highs with EPS 80 or greater, under $25, MINI looked the best. Any Opinions? Can someone please explain the significance of a "basing" period. I read that some members prefer to buy after a certain number of weeks basing. thank you, Mark Johnson - - ------------------------------ Date: Thu, 5 Feb 1998 23:26:17 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] OMQP My major problem with Omniquip would be the lack of a base. 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: Jeffry White <"postwhit@sover.net"@sover.net> To: canslim@mail.xmission.com Date: Tuesday, February 03, 1998 12:02 PM 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 - - ------------------------------ Date: Fri, 06 Feb 1998 04:36:23 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Intro + Stocks On Thu, 05 Feb 1998 21:54:04 -0500, you wrote: . . . :In addition to the canslim criteria I like to see little debt and=20 :decent net margin (at least 6-7%). Oli, What is "decent net margin". Not familiar with the concept. : :Another lesson during the tough months of November and December :that I learned was the investing is a lot about ones own psychology :and I have become a firm believer (like someone that posted a while :back)in having firm (written) rules that can help guide one through :tough times and prevent one from making BAD desicions. =20 I too have been feeling the need to follow some well prepared rules. :I read HTMMIS recently and have several issues/questions after reading :the book :that I would like to get feedback on later on....=20 I'm curious to hear any such ideas. I'm sure others are too. =20 :I thought that I would post a few stocks that are on my radar screen :currently. :These are interesting from a price and volume standpoint, that is about :all I know at :this point - plan to spend the rest of the night doing further research. :Here they are: :tmbs :bke :abdr :pm :tnl :bsys :rop :shoo :omqp : :Comments - does anybody know any of these? :How I wished I could just type in these on my keyboard and get all the :CANSLIM info... :Regards, :Oli Josefsson. : Honestly, at 5 minutes before closing today, I was trying to connect to my online brokerage with half a mind to open a good-sized position in omqp, which I think looks very good right now. I don't like to do such things with half a mind, though. :) Been burned too many times for that. Chart looks very impressive, not unlike a number of other stocks whose RS line trend has reversed lately. I've been trying to get an idea of what this company does, but only have a vague notion. This is the basic characterization that one gets: "OmniQuip is manufactures telescopic material handlers, a line of skid steer loaders, and other material handling equipment."=20 What this means, I don't know. Can someone demystify this? - - - - - - - - - Tmbs =3D Timerline Software which I believe has been mentioned on this board for some time. Jumped 10% today on 5 times ADV and looks like it could keep going up. 99/97 stock with GRS =3D 77, u/d =3D 1.3, debt =3D 0 - - - - - - - - - PM, ABDR, BKE, BSYS all are breaking out on good volume. TNL, also looks good, but the u/d is only 1.0 and with all these and others like them, you can be picky at the moment. BSYS has slowing earnings growth, not what you'd prefer to see. ROP was 3-4 times ADV today, but not much price progress. Worth watching too, as the RS line for it has reversed as well. Shoo looks like it may be turning around, with the last quarter earnings jumping. It's got to break through that $8 barrier. Where do you get these, Oli? What powers your "radar"?? =20 Dan - - ------------------------------ Date: Thu, 5 Feb 1998 23:37:55 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MDC (was Some picks....) MDC has been a tough stock for me to own so far, tremendous u/d ratio, yet couldn't seem to make me any money. Nearly shook me out two days ago under 16 for a minor loss, decided to stick to my mental stop limit and now glad I did. For a stock with an u/d ratio of 6.0 and likely higher after today's trading, is a slow mover but I like the prospects for the current year. Trailing PE isn't impressive, but seems reasonable for the group. At least for the moment, glad I made the cash available, even tho had to postpone paying some bills. 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: Tim Fisher To: canslim@lists.xmission.com Date: Thursday, February 05, 1998 10:31 PM Subject: Re: [CANSLIM] Some picks.... >At 10:07 AM 2/5/98 -0700, you wrote: >>Hey group, >> >>I would like some input on this grouping. They came out of my >>Zacks canslim search. The Group #'s are not the greatest but >>they all meet the criteria. >> >>Tick / EPS/RS/ud >>mdc/91/95/5.9 <---- Right on top of my Zacks LLUR scan. Wish I had some >cash for it! - - ------------------------------ Date: Thu, 5 Feb 1998 23:51:35 -0500 From: "anthony boone" Subject: [CANSLIM] DSWLF warrants I am sorry is this is off topic. Anybody, Should I expect that DSWLF price to go lower as the DSWWF warrant expiration date (2/18/98) draws near? Anybody hear follow Warrants. thanks in advance anthony - - ------------------------------ Date: Fri, 06 Feb 1998 05:38:00 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Some picks.... On Thu, 05 Feb 1998 10:07:57 -0700, you wrote: :Hey group, : :I would like some input on this grouping. They came out of my :Zacks canslim search. The Group #'s are not the greatest but :they all meet the criteria. : :Tick / EPS/RS/ud :thqi /65/98/1.4 :nbty/82/98/3.3 :mdc/91/95/5.9 :cbr/99/92/2.1 :cacoa/79/98/0.9 :air/91/89/1.8 :nct/90/94/1.7 : :They all had breakouts from a 9 day base yesterday. : :Thanks for any suggestions given, : :Jose' : THQI -- Looks good, but today didn't follow through. NBTY -- I still have scars from this stock. I don't know what's powering the rally of the last 2 months in which they've doubled. They had overhead supply at 24 for a couple of years, but that appears to be history. This too seems to have stalled today, but did move up. Be careful with "the Bounty", though. I've seen it tank. MDC -- followed through today, but vol. was light. GRS is 98, u/d is 6! Good size insider holdings. Short interest of 37 days. Can anyone comment on that? Does that have anything to do with convertibles? PE is 12. I think the chart looks powerful. A/D =3D A, Timeliness =3D A. CACOA -- extended. AIR -- looks strong. Failed today but looks like it will resume upward trend.=20 NCT -- same can be said for this as AIR. However, what sticks out to me is the ADV of 130 k vs. shares outstanding 130 million. u/d =3D 2.6. Yesterday's jump was on the earnings report. Dan - - ------------------------------ Date: Fri, 06 Feb 1998 05:55:14 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] QCOM aftermarket On Thu, 5 Feb 1998 19:12:21 -0500, you wrote: :Hopefully no members are holding a long position in Qualcom. After the = close :they reported effects of Asia and preannounced the impact on earnings. :Basically several S. Korean cos cancelled or postponed orders on the Q :phone, and sales will be below plan. Stock was trading at 44 and change = in :aftermarket action, down about 12 from the close. Needless to say it = will :gap down on the open, after that who knows, looks like lowest support is= 45, :so below that all bets are off. : :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 : : Saw a documentary recently on the San Diego economy in general and Qualcomm featured prominently. They have taken over the niche of General Dynamics (I think that's the name of the company) which used to be the biggest employer in San Diego by a large margin. When GD went down, the economy of the region suffered greatly. Qualcomm has filled that niche rather poorly in comparison, and has relied heavily on temporary personnel. I'm not surprised to hear of troubles for the company. Much of the technical work in the region is farmed out over the border where the labor is El Cheapo. Dan - - ------------------------------ Date: Fri, 06 Feb 1998 01:13:15 -0600 From: infobelize@kearney.net (Elaine/Robert Urban) Subject: [CANSLIM] stops etc Thanks to Tom for the basic explanation re: stops. Let me see if I have it straight. I think I understand the "simple" limit with the preset price-representation-execution at that price. Could a limit price be skipped? E.g. limit set to sell at 45, stock goes from 44 15/16 to 45 1/16 or so bypassing your limit position of 45 as no one takes the buy position of 45 opposite you. Whereas with the stop order you need the triggering price. In this case, if you had a stop sell at 45, when the price hits 45, your position is now presented to the market and the next price is what you get. In this case, when 45 is reached, you could theoretically sell at any next price unless your order was stop with limit. Is there any time when you could pick up a stock for much less (vice versa) for that matter, in a case where there is volatility, a stock hits a price and you enter a ridiculously low price and close because you were the "next" price? Should one not put stops in whole numbers? With program trading, when it is taking place, is there a predictable pattern that one can profit from? Thanx for your patience and valuable input to all of us. dru - - ------------------------------ Date: Thu, 5 Feb 1998 23:28:46 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] QCOM aftermarket > From: musicant@autobahn.org (Dan Musicant) > To: canslim@lists.xmission.com > Saw a documentary recently on the San Diego economy in general and > Qualcomm featured prominently. They have taken over the niche of > General Dynamics (I think that's the name of the company) which used > to be the biggest employer in San Diego by a large margin. When GD > went down, the economy of the region suffered greatly. Qualcomm has > filled that niche rather poorly in comparison, and has relied heavily > on temporary personnel. I'm not surprised to hear of troubles for the > company. Much of the technical work in the region is farmed out over > the border where the labor is El Cheapo. Not so sure of that, QCOM is always hiring like crazy here in San Diego. Their financial problems are because something like 40 or 50% of their revenue comes from S. Korea. - - ------------------------------ Date: Thu, 5 Feb 1998 23:28:46 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Intro + Stocks > Date: Thu, 05 Feb 1998 21:54:04 -0500 > From: oli josefsson > Here they are: > tmbs > bke > abdr > pm > tnl > bsys > rop > shoo > omqp > > Comments - does anybody know any of these? Just taking a quick look at them tonight, they mostly look very good, a few seemed to have breakouts today. They all seemed to have CASNLIM type numbers, and are in bases - nice picks. - - ------------------------------ Date: Thu, 5 Feb 1998 23:28:46 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] OMQP > From: "Tom Worley" > To: > My major problem with Omniquip would be the lack of a base. Isn't that big thing from July to January a C&H? (I know you think we see too many of these things, but this one sure seems to fit the description.) Left side formed in July, underwent a 25% correction through the fall, climbed back to the old highs of July in January, had a little decline in last 8 or 10 days of January (Handle), and seemed to break out last few days. These things are clearer on the charts at http://www.tscn.com/wsc/corporate_Snapshot.html/ than they are on the DG charts. - - ------------------------------ Date: Fri, 06 Feb 1998 00:26:04 -0700 From: "Jose O. Perez" Subject: Re: [CANSLIM] Some picks.... Thanks for the input Dan... Jose' > : > THQI -- Looks good, but today didn't follow through. > NBTY -- I still have scars from this stock. I don't know what's > powering the rally of the last 2 months in which they've doubled. They > had overhead supply at 24 for a couple of years, but that appears to > be history. This too seems to have stalled today, but did move up. Be > careful with "the Bounty", though. I've seen it tank. > MDC -- followed through today, but vol. was light. GRS is 98, u/d > is 6! Good size insider holdings. Short interest of 37 days. Can > anyone comment on that? Does that have anything to do with > convertibles? PE is 12. I think the chart looks powerful. A/D = A, > Timeliness = A. > CACOA -- extended. > AIR -- looks strong. Failed today but looks like it will resume > upward trend. > NCT -- same can be said for this as AIR. However, what sticks out > to me is the ADV of 130 k vs. shares outstanding 130 million. u/d = > 2.6. Yesterday's jump was on the earnings report. > > Dan > > - - - ------------------------------ End of canslim-digest V2 #109 ***************************** 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.