From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #113 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Tuesday, February 10 1998 Volume 02 : Number 113 In this issue: RE: [CANSLIM] Dividend Re: [CANSLIM] SFSK action [CANSLIM] Site for "M" watchers [CANSLIM] 1997 Tax Forms;& Index Funds Re: [CANSLIM] SFSK action [CANSLIM] Bethlehem Steel Re: [CANSLIM] SFSK action Re: [CANSLIM] Site for "M" watchers Re: [CANSLIM] Bethlehem Steel Re: [CANSLIM] Site for "M" watchers Re: [CANSLIM] Breakouts - GX & HCFP Re: [CANSLIM] Bethlehem Steel Re: [CANSLIM] Bethlehem Steel Re: [CANSLIM] Bethlehem Steel [CANSLIM] broken three-day protect period? [CANSLIM] Possible Trades? Re: [CANSLIM] Bethlehem Steel Re: [CANSLIM] Breakouts - GX & HCFP Re: [CANSLIM] 1997 Tax Forms;& Index Funds [CANSLIM] Economic Calendar Week of February 9, 1998 Re: [CANSLIM] Site for "M" watchers [CANSLIM] Digests for November 1997 [CANSLIM] Bid size and ask size ---------------------------------------------------------------------- Date: Mon, 9 Feb 1998 15:08:17 -0600 From: Michael Ziegler Subject: RE: [CANSLIM] Dividend My understanding is that you must actually settle the stock (T+3) in order to be the holder of record on the sixth. So, I don't think you'd be the stockholder of record after only one day. Mike Z - -----Original Message----- From: Alex Herrmann [SMTP:alex@who.net] Sent: Thursday, February 05, 1998 3:33 PM To: canslim@lists.xmission.com 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: Mon, 09 Feb 1998 13:52:21 -0800 From: Tim Fisher Subject: Re: [CANSLIM] SFSK action At 12:29 PM 2/9/98 -0800, you wrote: >SFSK has been at 60 all day. I feel like that's a bad thing, although it >looks like some big money is supporting it there. Does it look about to >break down? > >Thanks, > >Mike Lucero Mike, it's been shooting up so fast after basing the last few weeks that it is bound to fall a bit and consolidate. Remember that the devaluation of theThai baht (short of a total collapse of the Thai economy) is *great* news for Safeskin. Seems like the herd is just now figuring that out. - - ------------------------------ Date: Mon, 09 Feb 1998 13:36:01 -0800 (PST) From: Chip Anderson Subject: [CANSLIM] Site for "M" watchers I've created a totally free, non-commercial site with charts and analysis of the major US markets and economic sectors. I developed the site to help me keep the "M" in CANSLIM in mind. "M = Market Direction" and it is easy to forget about. My site uses simple, solid technical analysis techniques such as support/resistance, trends, and common moving averages to help visitors see the tide, waves and ripples that make up the market movements. I update all of the charts on the site twice a week (Tues/Fri). Please take a peek at http://coolhistory.com/ChipsCharts and let me know what you think. Thanks, Chip Wireless in Seattle via MCOM Ricochet _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 09 Feb 1998 20:02:07 -0500 From: Connie Mack Rea Subject: [CANSLIM] 1997 Tax Forms;& Index Funds - --------------84EE11D72DBB869AB76D9E39 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- For 1997 tax forms , see: http://www.1040.com U.S. News & World Report has one page article on some of the vagaries of index funds. Connie Mack - --------------84EE11D72DBB869AB76D9E39 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

For 1997 tax forms , see:

    http://www.1040.com

U.S. News & World Report has one page article on some of the vagaries of index funds.

Connie Mack - --------------84EE11D72DBB869AB76D9E39-- - - ------------------------------ Date: Mon, 9 Feb 1998 19:56:25 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] SFSK action The breakout appears to have stalled on very heavy volume, today being no exception. Earnings are due 2/20. RS line also shows a small downtrend for past several days. Closed today near its low of the day on nearly twice avg daily vol. Funds have 44%, and PE trailing is 50. Support and 50 dma line both around 55, so looks to have about a $5 downside from here, having already given up $5 of the breakout. If I owned it close to the base of 55, I would probably hang on and try to weather out the selling pressure (then again I still own SOCR and MSON, so what does that tell you?? However, I also still own EPIQ as well despite being up 32% so far!). If I had bot it as it was breaking out of the base at 55, say at 57 or 58, I would be more likely to heed the high PE and recent trading trend, and watch it carefully tomorrow. Any further erosion in that case and I would likely be history on this one. 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: Mike Lucero To: 'canslim@lists.xmission.com' Date: Monday, February 09, 1998 3:52 PM Subject: [CANSLIM] SFSK action >SFSK has been at 60 all day. I feel like that's a bad thing, although it >looks like some big money is supporting it there. Does it look about to >break down? > >Thanks, > >Mike Lucero > >- > - - ------------------------------ Date: Mon, 9 Feb 1998 20:19:17 -0500 From: "James Adams" Subject: [CANSLIM] Bethlehem Steel BS has been mentioned here before as a stock to watch. The #s: 86/40 A/D= A; The chart seems to indicate a a cup, starting in the first week of December 97 and the handle forming over the past week or so. Any thoughts? James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 10 Feb 1998 08:25:14 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] SFSK action ** Reply to note from Tim Fisher Mon, 09 Feb 1998 13:52:21 -0800 > Mike, it's been shooting up so fast after basing the last few weeks that it > is bound to fall a bit and consolidate. Remember that the devaluation of > theThai baht (short of a total collapse of the Thai economy) is *great* > news for Safeskin. Seems like the herd is just now figuring that out. In the past week, the Thai Baht has started to appreciate against the dollar. In two years, SFSK has gone from $9 to $66. I wonder if the herd figured it out a long time ago. If it pulls back into the base, I would be out of there. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ "Suicide Hotline...please hold." - - ------------------------------ Date: Mon, 9 Feb 1998 20:25:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Site for "M" watchers Chip, recent action in the Transportation sector, particularly today, argues against us being in a contraction. Utilities action tends to move in lockstep with Treasuries, which have been sig skewed by the "flight to quality and safety" particularly out of Asia. The improvement in up/down volume on NASDAQ speaks well of technology, which was hammered by the Asian flu on top of everything else. And the financials have been a leading sector early on as well as recently. My bottom line: this aging bull is aging real well, and at times I would swear it's getting even younger! Trying to apply historic models is an excellent learning experience and a good test of current reality, however I have less confidence today than I did a year ago in making such applications. I'm not entirely convinced we need to throw out most of the economic models of past years, but I do believe there are many new factors at work today which may require massive revision to past models and theories. Nice job on the website, I'll be back to visit. 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: Chip Anderson To: canslim@xmission.com Date: Monday, February 09, 1998 6:30 PM Subject: [CANSLIM] Site for "M" watchers > > >I've created a totally free, non-commercial site with charts and >analysis of the major US markets and economic sectors. I developed >the site to help me keep the "M" in CANSLIM in mind. "M = Market >Direction" and it is easy to forget about. My site uses simple, solid >technical analysis techniques such as support/resistance, trends, and >common moving averages to help visitors see the tide, waves and >ripples that make up the market movements. I update all of the charts >on the site twice a week (Tues/Fri). > >Please take a peek at http://coolhistory.com/ChipsCharts and let me >know what you think. > >Thanks, >Chip >Wireless in Seattle via MCOM Ricochet > > > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > > >- > - - ------------------------------ Date: Tue, 10 Feb 1998 08:39:02 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Bethlehem Steel ** Reply to note from "James Adams" Mon, 9 Feb 1998 20:19:17 -0500 > BS has been mentioned here before as a stock to watch. > The #s: 86/40 A/D= A; > The chart seems to indicate a a cup, starting in the first week of December > 97 and the handle forming over the past week or so. Any thoughts? A stock must have a prior uptrend to build a cup & handle. In two years, BS has gone from 14 to its present 9. It is running into resistance at its 150 ma, which is trending down. So.. I would say that it remains in a downtrend. Even if you decide to call it a cup, it is a very wide and loose pattern; something to be avoided, in my opinion. RS is just mediocre; not CANSLIM material. TWLB is a good example of a stock with a cup and nice tight handle. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Energizer Bunny Arrested! Charged with battery. - - ------------------------------ Date: Mon, 9 Feb 1998 18:05:06 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Site for "M" watchers > Date: Mon, 09 Feb 1998 13:36:01 -0800 (PST) > From: Chip Anderson > Please take a peek at http://coolhistory.com/ChipsCharts and let me > know what you think. Nice job, good to be reminded of the big picture once in a while. - - ------------------------------ Date: Mon, 09 Feb 1998 21:07:13 -0500 From: Neil Himber 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. > > Peter Christiansen > Chiang Mai, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > _____________________________________________________________________________________ > > Taco Bell is not the Mexican phone company! > > - Hi Pete: Several months ago you said that you thought Superior Telecom was about to breakout. I've been watching it since and it has done nothing. Do you have any idea why? Neil - - ------------------------------ Date: Mon, 9 Feb 1998 21:06:50 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Bethlehem Steel I successfully traded BS for a moderate profit, but exited after I saw signs of the entire group deteriorating. Today its CS elements are just not that good, and I note in particular the GRS of 7, along with the RS of 35. 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: Peter Christiansen To: canslim@lists.xmission.com Date: Monday, February 09, 1998 8:34 PM Subject: Re: [CANSLIM] Bethlehem Steel >** Reply to note from "James Adams" Mon, 9 Feb 1998 20:19:17 -0500 > > >> BS has been mentioned here before as a stock to watch. >> The #s: 86/40 A/D= A; >> The chart seems to indicate a a cup, starting in the first week of December >> 97 and the handle forming over the past week or so. Any thoughts? > >A stock must have a prior uptrend to build a cup & handle. In two years, BS has gone from >14 to its present 9. It is running into resistance at its 150 ma, which is trending down. >So.. I would say that it remains in a downtrend. Even if you decide to call it a >cup, it is a very wide and loose pattern; something to be avoided, in my opinion. RS is just >mediocre; not CANSLIM material. > >TWLB is a good example of a stock with a cup and nice tight handle. > >Peter Christiansen >Chiang Mai, Thailand > >Connected with OS/2 Warp 3.0 & The Post Road Mailer >___________________________________________________________________________ __________ > >Energizer Bunny Arrested! Charged with battery. > >- > - - ------------------------------ Date: Mon, 9 Feb 1998 18:44:10 -0800 From: "John Iding" Subject: Re: [CANSLIM] Bethlehem Steel Let's hope you are right .... I'm in at 27.6 and waiting ... John >TWLB is a good example of a stock with a cup and nice tight handle. > >Peter Christiansen >Chiang Mai, Thailand - - ------------------------------ Date: Mon, 9 Feb 1998 22:00:06 -0500 From: "James Adams" Subject: Re: [CANSLIM] Bethlehem Steel Peter wrote to Jim Adams: >A stock must have a prior uptrend to build a cup & handle. I wasn't aware of this. Thanks for the info. >It is running into resistance at its 150 ma, which is trending down. >So.. I would say that it remains in a downtrend. I agree. The other CANSLIM #s are pretty lousy. I wouldn't have mentioned it here except that I know it was a topic of discussion in the late fall '97. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Mon, 9 Feb 1998 23:17:34 -0500 From: "anthony boone" Subject: [CANSLIM] broken three-day protect period? Hi, Can someone explain the meaning of the phase "broken three-day protect period"?. below you will find the context where i encountered it: "The Company mailed to Warrantholders notice of the redemption on January 16, 1998 and set the date fixed for redemption (the "Redemption Date") for February 18, 1998, which will give Warrantholders until 5:00 p.m. New York Time February 17, 1998 to exercise the Warrants or they will expire and be redeemed. The Company has established a broken three-day protect period." This is an extraction from a Press Release by Deswell Ind.(DSWLF) calling the redemption of warrants. Thanks in advance, anthony - - ------------------------------ Date: Mon, 9 Feb 1998 20:19:08 -0800 From: "Jerry & Tonia Joldersma" Subject: [CANSLIM] Possible Trades? APCO and GETTY made new highs today on high volume; both have good CANSLIM numbers. Feedback? Connie, ARBR is a possible short tomorrow morning -- pattern plus climax volume surge plus hunch ..... - -- Jerry - - ------------------------------ Date: Tue, 10 Feb 1998 12:29:24 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Bethlehem Steel ** Reply to note from "James Adams" Mon, 9 Feb 1998 22:00:06 -0500 > >A stock must have a prior uptrend to build a cup & handle. > > I wasn't aware of this. Thanks for the info. This was something that WON stressed pretty strongly in the Investment Workshop that I attended several years ago. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ "640K ought to be enough for anybody." - Bill Gates, 1981. - - ------------------------------ Date: Tue, 10 Feb 1998 12:29:21 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Breakouts - GX & HCFP ** Reply to note from Neil Himber Mon, 09 Feb 1998 21:07:13 -0500 > Several months ago you said that you thought Superior Telecom was about > to breakout. I've been watching it since and it has done nothing. Do > you have any idea why? It did break out on 2/2, but the breakout appears to be failing. If I had bought on the breakout, I would be selling on any further weakness. As for why it is failing... I haven't a clue, and don't really care. I just let the price action tell me what to do. Trying to come up with a rational explanation for a stock's price movement is an exercise in futility. IMHO Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Sex is like a bridge game: If you don't have a good partner, you better have a good hand. - - ------------------------------ Date: Tue, 10 Feb 1998 06:34:21 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] 1997 Tax Forms;& Index Funds On Mon, 09 Feb 1998 20:02:07 -0500, you wrote: :Members-- : :For 1997 tax forms , see: : : http://www.1040.com : :U.S. News & World Report has one page article on some of the vagaries of :index funds. : :Connie Mack Thanks for the form site. My library didn't have any Schedule D's. Do I need a booklet in addition, or is all the info in my 1040 *magazine*? Dan - - ------------------------------ Date: Tue, 10 Feb 1998 07:36:37 -0500 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar Week of February 9, 1998 TUESDAY Nonfarm Productivity, for Q4, last was up 4.1%, estimate for up 0.5% THURSDAY Retail Sales, for Dec, last was up 0.7%, estimate for up 0.3% Initial Jobless Claims, week to 2/7, last was 303,000, estimate for 308,000 Money Supply (M2), week to 2/2, last was up $5.3 billion, estimate for up $2.8 billion FRIDAY Import Prices, for Jan, last was down 0.6%, estimate for down 0.4% Export Prices, for Jan, last was down 0.4%, estimate for unchanged Business Inventories, for Dec, last was up 0.4%, estimate for up 0.3% With retail sales perceived as slowing, and business inventories steadily increasing, something has to give. Either economic growth must accelerate (not good) or the labor force is likely to start seeing some layoffs. Early reports have already indicated this was happening in January. An easing of the "tight labor pool" will take some pressure off the Feds, however I am wondering what it will do to the productivity figures which have helped sustain this "inflationless" growth. Will workers work harder if they see fellow employees being laid off, or will their morale be hurt? I also note the expectation that export prices will be unchanged. I would have expected a small decline due to the continued strong dollar and weak foreign economies. 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, 09 Feb 1998 18:40:08 -0800 (PST) From: Chip Anderson Subject: Re: [CANSLIM] Site for "M" watchers Hi Tom, thanks for the feedback! I've enjoyed your previous posts to this list. Re: Sector Charts. You might want to check out the last couple of entries in the "What's New" section of the site to see how I've also noticed several sectors (include Technology and Finance) improving over the past couple of weeks. I agree with you that the "Conclusion" is probably a trailing indication of the actual economy - but it's semi-objectively derived and certainly faster than the NBER indications. Since October, when I started actively tracking these indices, they have provided me with very interesting data points and helped me focus my CANSLIM and Technical Analysis screens. For instance, based on these charts I started tracking transportation and technology stocks much more closely at the start of the year - so far with profitable results. Finally, like you say, if the world has changed and historical economic cycles no longer apply, we should see more and more divergences from Stovall's model. I, for one, will be watching closely! If anyone is interested in being notified when these charts are updated, just send me a quick email. Chip http://coolhistory.com/ChipsCharts - ---Tom Worley wrote: > > Chip, recent action in the Transportation sector, particularly today, argues > against us being in a contraction. Utilities action tends to move in > lockstep with Treasuries, which have been sig skewed by the "flight to > quality and safety" particularly out of Asia. > > The improvement in up/down volume on NASDAQ speaks well of technology, which > was hammered by the Asian flu on top of everything else. And the financials > have been a leading sector early on as well as recently. > > My bottom line: this aging bull is aging real well, and at times I would > swear it's getting even younger! Trying to apply historic models is an > excellent learning experience and a good test of current reality, however I > have less confidence today than I did a year ago in making such > applications. I'm not entirely convinced we need to throw out most of the > economic models of past years, but I do believe there are many new factors > at work today which may require massive revision to past models and > theories. > > Nice job on the website, I'll be back to visit. > > 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 _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 10 Feb 1998 13:29:13 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Digests for November 1997 Fellow Canslimers, Back in November, the canslim list's ISP (Xmission) suffered a conspiracy of errors that ultimately caused the loss of November's canslim archives. We would like to restore these archives if possible. I am wondering if any of you digest subscribers have the November digests saved. If so, please contact me at: jeff.salisbury@sdl.usu.edu Best Regards, Jeff - canslim list owner/admin - - ------------------------------ Date: Tue, 10 Feb 1998 13:27:48 -0800 From: Arthur Hsiao Subject: [CANSLIM] Bid size and ask size When I check the bid/ask sizes, are they the ones that have been processed? What is the indication if they are equal or (one is bigger than the other)? Is there a place that I can check how many shares have been sold and purchased for some certain stocks everyday? Thanks - - ------------------------------ End of canslim-digest V2 #113 ***************************** 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.