From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #123 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Saturday, February 21 1998 Volume 02 : Number 123 In this issue: [CANSLIM] CKR [CANSLIM] DELL [CANSLIM] Relationship between break-outs and Money Flow? RE: [CANSLIM] Relationship between break-outs and Money Flow? Re: [CANSLIM] Relationship between break-outs and Money Flow? [CANSLIM] World Markets [CANSLIM] World Mkts, Part II Re: [CANSLIM] Relationship between break-outs and Money Flow? Re: [CANSLIM] Relationship between break-outs and Money Flow? Re: [CANSLIM] Reat-time quotes / break-outs Re: [CANSLIM] DELL [CANSLIM] Disclosure - EPIQ, MDC Re: [CANSLIM] Reat-time quotes / break-outs Re: [CANSLIM] CKR Re: [CANSLIM] Reat-time quotes / break-outs [CANSLIM] Oil Sector Re: [CANSLIM] Oil Sector Re: [CANSLIM] Oil Sector [CANSLIM] Reat-time quotes / break-outs Re: [CANSLIM] Oil Sector Re: [CANSLIM] THQI (was Reat-time quotes / break-outs) Re: [CANSLIM] Oil Sector [CANSLIM] Book [CANSLIM] SecureTax ---------------------------------------------------------------------- Date: Thu, 19 Feb 1998 22:51:47 -0800 From: Mike Lucero Subject: [CANSLIM] CKR I was stopped out of CKR yesterday, which then turned around and went back up above the pivot. Since I bought 4% above the pivot, I had my stop 4% below the pivot. WON says the reason for the 7-8% stop is that rarely will a stock dip 7-8% below the pivot. His protege David Ryan also says to sell 1/2 if you go below the pivot. (I'm not clear if you go below the pivot at all, or close below the pivot.) I guess I need to decide whether to place a hard stop 8% below the pivot, or just (1%?) below the pivot, or a stop for half the position at each. I believe WON says to treat each breakout as a separate event, and today wasn't a strong day (compared to 50-day average volume), but I sure feel pulled to buy this stock back. Is CKR a bad stock now? Can one no longer trust the pivot? Thanks, Mike - - ------------------------------ Date: Thu, 19 Feb 1998 23:18:33 -0800 From: Mike Lucero Subject: [CANSLIM] DELL DELL just split in July, making this coming split the second within a 1-year period. I was sure that was a selling rule, but I couldn't find it. Mike - - ------------------------------ Date: Fri, 20 Feb 1998 10:40:17 +0100 From: Johan Van Houtven Subject: [CANSLIM] Relationship between break-outs and Money Flow? Wanted to let the group know that I have found no consistent relationship between (1) the valitity of a breakout or the potential for an upcomming breakout and (2) rising Money Flow. For the study I use the Money Flow indicator from www.bigcharts.com. I looked at numerous charts of the following types: - - 5-day intraday, 5-minutes - - 6 month, daily - - 2 years, weekly Henry Brookins, a break-out expert I might say, confirmed my findings. The only reliable potential break-out tip-off is a 'volume footprint'. Do some of you scan for volume footprints in stocks that are basing? - --- Johan Van Houtven - - ------------------------------ Date: Fri, 20 Feb 1998 02:29:45 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Relationship between break-outs and Money Flow? One of the things I scan for nightly is a crossover of the volume oscillator. But I don't do anything special with charts I find that way. If they look good, they all go onto the same watch list. Mike On Friday, February 20, 1998 1:40 AM, Johan Van Houtven [SMTP:Johan.VanHoutven@ping.be] wrote: > Wanted to let the group know that I have found no consistent relationship > between (1) the valitity of a breakout or the potential for an upcomming > breakout and (2) rising Money Flow. > > For the study I use the Money Flow indicator from www.bigcharts.com. > > I looked at numerous charts of the following types: > > - 5-day intraday, 5-minutes > - 6 month, daily > - 2 years, weekly > > Henry Brookins, a break-out expert I might say, confirmed my findings. The > only reliable potential break-out tip-off is a 'volume footprint'. > > Do some of you scan for volume footprints in stocks that are basing? > > > > --- Johan Van Houtven > > > > - > > - - ------------------------------ Date: Fri, 20 Feb 1998 06:20:26 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Relationship between break-outs and Money Flow? I note the avg daily vol on any stock I add to my watch list, and set a limit minder at 150% of this nr. I try to review the list at least once a week, and update this limit at least weekly. I don't use volume in any searching I do for candidates for the watch list. 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: Johan Van Houtven To: canslim@lists.xmission.com Date: Friday, February 20, 1998 5:05 AM Subject: [CANSLIM] Relationship between break-outs and Money Flow? > >Do some of you scan for volume footprints in stocks that are basing? > > > >--- Johan Van Houtven > > > >- > - - ------------------------------ Date: Fri, 20 Feb 1998 06:37:03 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets So far, intl mkts looking somewhat like yesterday, with some exceptions. In Japan, the mkt was initially down 0.66% in early trading, but reversed to close up 0.84%. Don't know if this was a reaction to the latest proposal for economic stimulus, or just a reaction to being oversold. Several other important Asian mkts also closed well. Reaction in Europe so far appears to be mostly neutral to slightly positive biased. On futures overnight, the S&P500 has remained just slightly negative, while the NASDAQ 100 went from a minus 4 last night to minus 0.5 this morning. Considering the price was falling in the last hour of trading on Thursday, I take this as a signal we may open slightly down, but could move higher by mid morning. Looks like the dollar is strengthening against the yen, again this may be an early indication of response to latest economic proposals. 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: Fri, 20 Feb 1998 08:19:58 -0500 From: "Tom Worley" Subject: [CANSLIM] World Mkts, Part II If the current trend continues, we should be opening up with a positive bias from there. At this point, futures show both the S&P500 (now up a pt) and NASDAQ100 (now up a solid 4 pts) showing strength. And in Europe, both Germany and France are now positive. 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: Fri, 20 Feb 1998 08:53:30 -0500 From: Peter Newell Subject: Re: [CANSLIM] Relationship between break-outs and Money Flow? Johan, What does Henry Brookins look for. I have started scanning for high volume like 500% increases. But my previous research says this can ebb and flow until a huge breakout occurs months later. Thanks, Peter Newell - ---------- > From: Johan Van Houtven > To: canslim@lists.xmission.com > Subject: [CANSLIM] Relationship between break-outs and Money Flow? > Date: Friday, February 20, 1998 4:40 AM > > Wanted to let the group know that I have found no consistent relationship > between (1) the valitity of a breakout or the potential for an upcomming > breakout and (2) rising Money Flow. > > For the study I use the Money Flow indicator from www.bigcharts.com. > > I looked at numerous charts of the following types: > > - 5-day intraday, 5-minutes > - 6 month, daily > - 2 years, weekly > > Henry Brookins, a break-out expert I might say, confirmed my findings. The > only reliable potential break-out tip-off is a 'volume footprint'. > > Do some of you scan for volume footprints in stocks that are basing? > > > > --- Johan Van Houtven > > > > - - - ------------------------------ Date: Fri, 20 Feb 1998 15:28:08 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Relationship between break-outs and Money Flow? >What does Henry Brookins look for. Volume footprints. If you want more details, may be you can ask him at : Henry Brookins But I assume he will not let go of his scanning routines that easily... ;^) - --- Johan Van Houtven - - ------------------------------ Date: Fri, 20 Feb 1998 08:53:45 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Reat-time quotes / break-outs Komkit Tukovinit wrote: > > Real-time quotes are available for free at www.money.com (50 quotes / > day), although you have to give some information away. > Certain on-line brokers give you nearly unlimited real-time quotes. I am with BCL (www.bclnet.com) who charges $13/trade. I have received great execution, and I get lots of free quotes (real-time) which I hardly ever use.. Dave Cameron - - ------------------------------ Date: Fri, 20 Feb 1998 10:12:09 -0500 From: Craig Griffin Subject: Re: [CANSLIM] DELL O'Neil says something like "too many splits in a short period of time frequently creates an oversupply of stock and signals the end of an advance". But, like many "rules", this one often depends quite a bit on the stock. He also warns that after a split, stocks sometimes run up quickly and have a climax top (blowoff). He furthermore warns that sometimes after a split, the extra float will make the stock weak for a while and sometimes cause the start of a new base or extend the current base. So he basicly says that splits change the equation and one must observe a stock with an announced split or a recent split carefully and watch for other danger signs. Dell's split is for 03/09 if I am not mistaken. O'Neil says that stocks will often run up into a split and then sell off after the split takes place. Between now and March 9th may be a good time for short term holders of DELL to consider selling. It also looks like it could be headed into a climax run. I would be alert to a possible buying climax and consider selling into that if it seems to be occurring (an extremely high volume day, possibly the highest since the advance began two years ago, where the stock closes more than halfway down from its high for the day). (PS. I would not short DELL until it is below its 50dma). Long term holders should probably use the top of the base and/or the 200dma as a yardstick at this point. If it were to pull back into its base or close on a weekly basis below the 200dma (whichever came first), I would sell were I in it for the long term. In this case it looks like the bigger danger is the climax run (lookout if it gets to a price that is 2 times its 200dma and shows other signs of climactic behavior). Right now the 200dma is at about 83, so 2x would be about 160 - a ways off. On the other hand - earnings are excellent. It just broke out of a nice base. If I was in it, I would be happy. It might continue to do well for another year or two. Just got to stay alert to major topping activity. Here is a history of Dell splits: 04/10/92 - 3 for 2 10/30/95 - 2 for 1 12/09/96 - 2 for 1 07/28/97 - 2 for 1 03/09/98 - 2 for 1 So this will be about the third 2 for 1 split in two years! Sounds a bit frothy. But one never knows, CSCO did the same thing in 1992, 1993, 1994. And if you were a long term holder until now, you would be happy. So, it just depends on lots of other factors and is one "warning sign". Best regards, Craig At 11:18 PM 2/19/98 -0800, you wrote: >DELL just split in July, making this coming split the second within a >1-year period. I was sure that was a selling rule, but I couldn't find it. > >Mike > >- > > - - ------------------------------ Date: Fri, 20 Feb 1998 11:06:53 -0500 From: "Tom Worley" Subject: [CANSLIM] Disclosure - EPIQ, MDC Despite extremely strong charts, I have sold my EPIQ at 16.375 after hitting another new high today on heavy volume, and have a partial fill on MDC at 18.375. Am selling to protect profits and due my own personal fear of a mkt correction pending, combined with potential of severe mkt action due to the Iraqi crises. Both stocks extremely extended, and I was simply not comfortable taking further risks with the profits. Without the threat of Iraq, I would have continued to hold them. (it was also important for me psychologically to make a good decision on these two after nearly being shook out on EPIQ for a considerably less profit and on MDC for a loss). Net results: EPIQ for a 69.9% gain after about 7 weeks, and MDC somewhere around 12.6% after about 4 weeks depending on the balance of the fill. I am continuing to hold SOCR, MSON and PURW primarily due low PE and at least a short base at current prices. Selling MDC will put me at about 75% equity in my margin acct and selling EPIQ will put me in all cash in my IRA. I plan either today or Monday to sell both funds in my 401 as well. 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: Fri, 20 Feb 1998 11:51:26 -0500 From: averil@legendcomm.com (Averil Strauss) Subject: Re: [CANSLIM] Reat-time quotes / break-outs How does AYE look to people? Sold CTI at a minor profit, chief concern was volume. Still think the company looks good, but the stoc ASND seems to be moving tortoisely up, FYI. Averil Strauss averil@legendcomm.com 800-668-7077 - - ------------------------------ Date: Fri, 20 Feb 1998 09:38:41 -0700 (MST) From: Craig Hogan Subject: Re: [CANSLIM] CKR > > I believe WON says to treat each breakout as a separate event, and today > wasn't a strong day (compared to 50-day average volume), but I sure feel > pulled to buy this stock back. Is CKR a bad stock now? Can one no longer > trust the pivot? > I'm new at this, but it seems to me like CKR is showing some head-and-shoulders type topping out. Craig - -- ..................................................................... [ Craig Hogan ! Cure TAB archive, live Cure recordings: ] [ chogan@primenet.com ! http://www.primenet.com/~chogan/index.html ] [ Software Engineer ! "Smear this man across the wall" ] ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: - - ------------------------------ Date: Fri, 20 Feb 1998 11:52:23 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Reat-time quotes / break-outs Averil, I've seen very few periods when utilities stocks showed decent CANSLIM characteristics, and those were periods I was more likely to be shorting tech stocks than going long anything. AYE is no different, its RS 53 and EPS 64 would keep it off my watch list. ASND also doesn't show good CS elements, but does have a few positives aside from a decent chart, including A/D A and u/d 2.2. RS is currently only 33, but has been rising, Timeliness at D will likely improve in time. EPS only 56 but a stock liked off and on by the institutionals. 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: Averil Strauss To: canslim@lists.xmission.com Date: Friday, February 20, 1998 11:30 AM Subject: Re: [CANSLIM] Reat-time quotes / break-outs >How does AYE look to people? > >Sold CTI at a minor profit, chief concern was volume. Still think the >company looks good, but the stoc > >ASND seems to be moving tortoisely up, FYI. > >Averil Strauss >averil@legendcomm.com >800-668-7077 > > > >- > - - ------------------------------ Date: Fri, 20 Feb 1998 12:22:13 -0500 From: "Tom Worley" Subject: [CANSLIM] Oil Sector For those that missed the story, the Justice Dept announced that they are suing three major oil producers (AN, RD, SC, BR, DD) along with ten other cos for underreporting the quantity of oil from Federal and Indian land, thus underpaying royalties. Actual underpayment estimated at hundreds of millions of dollars, with damages and other penalties expected to take the total to about $5 billion. Even if Iraq's oil production capacity is bombed out of existence in the next several weeks (currently one million barrels a day), it has already been offset by a high inventory due to a 14% drop in demand for winter heating oil (thanks to El Nino), as well as a 300,000 barrel a day drop in demand from Asia due their economic problems and increased production by OPEC estimated at 600,000 barrels a day. The good news is that estimates are for automotive gas at the pump to drop another ten cents. 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: Fri, 20 Feb 1998 11:41:53 -0600 From: Chong Chi Subject: Re: [CANSLIM] Oil Sector Concering oil sectors, I bought KEG at 26 back in Sep/97 when it had good cs numbers. I saw it went to 38 3/8(should have sold it but greedy kept me doing it) and tumbled to 16. Now it is around 18. It still has good cs numbers and characteristics. Any ideas? Why it is not going up? What should I do? Thanks. Regards, Chong Tom Worley wrote: > > For those that missed the story, the Justice Dept announced that they are > suing three major oil producers (AN, RD, SC, BR, DD) along with ten other > cos for underreporting the quantity of oil from Federal and Indian land, > thus underpaying royalties. Actual underpayment estimated at hundreds of > millions of dollars, with damages and other penalties expected to take the > total to about $5 billion. > > Even if Iraq's oil production capacity is bombed out of existence in the > next several weeks (currently one million barrels a day), it has already > been offset by a high inventory due to a 14% drop in demand for winter > heating oil (thanks to El Nino), as well as a 300,000 barrel a day drop in > demand from Asia due their economic problems and increased production by > OPEC estimated at 600,000 barrels a day. > > The good news is that estimates are for automotive gas at the pump to drop > another ten cents. > > 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: Fri, 20 Feb 1998 13:28:00 -0500 From: Douglas Dame Subject: Re: [CANSLIM] Oil Sector At 11:41 AM 2/20/98, Chong Chi wrote: > Concering oil sectors, I bought KEG at 26 back in Sep/97 when it had > good cs numbers. I saw it went to 38 3/8(should have sold it but greedy > kept me doing it) and tumbled to 16. Now it is around 18. It still > has good cs numbers and characteristics. Any ideas? Why it is not going > up? What should I do? ________________________________________________ Are you asking (1) What should I do about KEG ? or (2) What should I do about not having/following a disciplined portfolio stragegy approach to risk management/stop losses? #1 is a (partial) tuition expense that should help you appreciate the value of #2. The reason you (we all) need a risk management strategy is simple: you're dealing with future uncertainties in a sometimes chaotic situation. Sometimes we mis-read the situation, and sometimes weird stuff happens; either way, a big key to making money over the long-haul is not having to dig yourself out of deep holes on the 20% to 60% of the time that things don't pan out as you'd expected. Re-read/re-listen to WOM's discussion along the lines of "home insurance - do you feel gypped when you've paid for it and your house DIDN'T burn down?" KEG didn't crash overnight to its current levels ... if you'd have set a 10% stop when you'd purchased it, you'd have been out at +/- 23.4, even if you'd have never raised the stoploss as KEG climbed. > Now it is around 18. It still > has good cs numbers and characteristics. Wrong. I haven't looked at KEG, but the reality is that as an individual, you made an assessment that KEG fit the criteria of a good CS stock (a process we all do), but the market (for unknown reasons) has decided otherwise. This is like baseball; despite what you may see on instant replay, the umpires' decisions on judgement calls are not appealable. Your relevant investment question is "Are the $$$ I now have in KEG best used by staying in KEG, or being instead invested in something else?" (Bearing in mind commissions, the possible tax effects of selling a short-term loss, etc.) Consider also that KEG has just proven to you that it's not (currently) a well-behaved, predictable canslim stock ... my experience is that optimism alone isn't enough to make one of these guys behave better, even if I give it "a second chance." HTH Douglas Dame ---> dougdame@hpe.ufl.edu - - ------------------------------ Date: Fri, 20 Feb 1998 15:27:23 -0500 From: "Antista, Anthony" Subject: [CANSLIM] Reat-time quotes / break-outs Tom, regarding THQI, I REALLY disagree with "inconsistency of earnings and revenue". Remember what this company does... "develops and publishes interactive entertainment software for hardware platforms (Nintendo, Sony and Sega)". so most of their revenue will show during the 4th qtr, right before Holiday season or when a New Hot game is published. To get the full story on THQI go to the follwing sites http://home.earthlink.net/~tr8rvic/ http://www.thq.com/about/invest.html Earnings come out this week for THQI and they will beat estimates!! Tony You wrote: Low RS, as well as mediocre EPS, on ERTS and MEMCF would make me leary (remember even laggards can rise in a bull trend). The inconsistency of earnings and revenues on THQI doesn't look so hot. DCTM has possibilities. begin 600 WINMAIL.DAT M>)\^(CL4`0:0" `$```````!``$``0>0!@`(````Y 0```````#H``$(@ <` M& ```$E032Y-:6-R;W-O9G0@36%I;"Y.;W1E`#$(`06 `P`.````S@<"`!0` M#P`;`!<`!0`Q`0$@@ ,`#@```,X'`@`4``\`' `Z``4`50$!"8 !`"$````S M04$Q0SL"@P!0$P-4`@!C: K ;YT'X&0(<1ZQ+K$@-""!B'%TS,D %0!Y@!X GP 0@?2XC1 [RX0-I UY ;P; /P'K$`D T8(',E M?#&@=' Z+W8O+_ '@"XAT2" )V!N2&LN;A(`+WXQ,#B@0(2'O)7P=\"3!)7Q9"& @4 -@E1@@ M.B5\3# !4E,>(+\RX$#A+[%'P0> 'I!O!0`9($!%4$>1,P%%4E2#!? B8DU% M34-&(%!M"&!L(H `P&L@0#1Q;/4AT7D*A2@94"-E(K)+0/\@`!YB)%$#D040 M$? GP3.A[F(V0C$P*\$I-6$PL2#./PJ%(=\BX00@-N8D\FXG>P5 &.!O02 N M`2_P/D @\$1#5$TJ,32Q+D `D/YB`Q @< B0)2 E? K[$O+/'<%6#PN1%5(Q M-R5F&'$"`%H0'@!P``$````>````4F5A="UT:6UE('%U;W1E`/H_ M`0```!$```!!;G1I;F5R+6US9S Q+FYE87-T+FUC8V%W+F-O;3X``#FO ` end - - ------------------------------ Date: Fri, 20 Feb 1998 16:09:38 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Oil Sector Great answer, Douglas, wish I could be as smooth tongued and diplomatic, and still say so much in so few words. I still keep KEG on my monitor, mostly out of sentimentality and because I still have room. But I doubt it will perform (RS 31, altho u/d 1.1), unless there is a mkt reaction to a strike on Iraq. At this point I would likely hold it till the Mideast situation is determined. If the US attacks, and there is substantial damage to Iraq's oil fields or distribution/pipeline, and you get a spike, then act accordingly. If no attack, or no spike, then find a better use for the capital. Sadly, KEG is an excellent example for using trailing stops. Using a trailing stop of 15% once you are up 15% from your entry point would mean you sold better than 32 for a 6 pt gain, rather than still holding for an 8 pt loss. For me, reading "M" is far easier than being disciplined on selling rules (witness the fact I still own SOCR and MSON, altho I have short term traded addl shares). 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: Douglas Dame To: canslim@lists.xmission.com Date: Friday, February 20, 1998 1:47 PM Subject: Re: [CANSLIM] Oil Sector >At 11:41 AM 2/20/98, Chong Chi wrote: > >> Concering oil sectors, I bought KEG at 26 back in Sep/97 when it had >> good cs numbers. I saw it went to 38 3/8(should have sold it but greedy >> kept me doing it) and tumbled to 16. Now it is around 18. It still >> has good cs numbers and characteristics. Any ideas? Why it is not going >> up? What should I do? >________________________________________________ > > >Are you asking > > (1) What should I do about KEG ? > >or > > (2) What should I do about not having/following a disciplined portfolio >stragegy approach to risk management/stop losses? > > >#1 is a (partial) tuition expense that should help you appreciate the value >of #2. > > >KEG didn't crash overnight to its current levels ... if you'd have set a 10% >stop when you'd purchased it, you'd have been out at +/- 23.4, even if >you'd have never raised the stoploss as KEG climbed. > > >> Now it is around 18. It still >> has good cs numbers and characteristics. > >Wrong. I haven't looked at KEG, but the reality is that as an individual, >you made an assessment that KEG fit the criteria of a good CS stock (a - - ------------------------------ Date: Fri, 20 Feb 1998 16:24:49 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] THQI (was Reat-time quotes / break-outs) As an example of what I mean by "inconsistency of earnings and revenues", in fact their Q3 was the best for EPS for the past two years and their Q4 was the best for revenues. I generally expect these two items to go hand in hand, with earnings increasing faster than revenues as a percentage of sales and on a year to year basis (due cost efficiencies). Despite being by nature a fundamentalist, since I started using CANSLIM I do a lot less research and "due diligence" into a company today (which is why I ended up owning SOCR without realizing it had major Asian exposure, esp for a small cap). With so many cos to chose from, and limited capital, once I spot a few flaws and my "fear factor" kicks in, I look elsewhere for a co with equal or better CS elements that doesn't kick start my "fear factor". 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: Antista, Anthony To: 'CANSLIM' Date: Friday, February 20, 1998 3:26 PM Subject: [CANSLIM] Reat-time quotes / break-outs >Tom, regarding THQI, I REALLY disagree with "inconsistency of earnings and >revenue". Remember what this company does... > >"develops and publishes interactive entertainment software for hardware >platforms (Nintendo, Sony and Sega)". > >so most of their revenue will show during the 4th qtr, right before Holiday >season or when a New Hot game is published. To get the full story on THQI >go to the follwing sites > >http://home.earthlink.net/~tr8rvic/ >http://www.thq.com/about/invest.html > >Earnings come out this week for THQI and they will beat estimates!! > >Tony > >You wrote: > >Low RS, as well as mediocre EPS, on ERTS and MEMCF would make me leary >(remember even laggards can rise in a bull trend). The inconsistency of >earnings and revenues on THQI doesn't look so hot. DCTM has possibilities. > > > > > > - - ------------------------------ Date: Fri, 20 Feb 1998 17:18:23 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Oil Sector At 01:28 PM 2/20/98 -0500, you wrote: >At 11:41 AM 2/20/98, Chong Chi wrote: ...SNIPPED... >> Any ideas? Why it is not going >> up? What should I do? >________________________________________________ > > > >> Now it is around 18. It still >> has good cs numbers and characteristics. > RS has to be failing so "good cs numbers" is wishful thinking. Reassessment time! >Your relevant investment question is "Are the $$$ I now have in KEG best >used by staying in KEG, or being instead invested in something else?" The math is simple: Multiply the number of shares you currently hold times the current market value per share. Now subtract commissions for trading that many shares. If you had that cash, would you buy KEG with it? If yes, then buy more... If no then how can you possibly justify holding a stock you don't feel is worth the cash it represents? Frank Wolynski - - ------------------------------ Date: Fri, 20 Feb 1998 15:16:56 -0800 From: "Robert Venchiarutti" Subject: [CANSLIM] Book This is a multi-part message in MIME format. - ------=_NextPart_000_00F8_01BD3E12.94C95D80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Can someone recommend a good book(s) on interest rates, monetary policy, = yield curve, inflation and currency relationships? Particularly one = that gave some historical analysis of these relationships, and how they = effected stock and bond prices. Thanks. - ------=_NextPart_000_00F8_01BD3E12.94C95D80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Can someone recommend a = good book(s)=20 on interest rates, monetary policy, yield curve, inflation and currency=20 relationships?  Particularly one that gave some historical analysis = of=20 these relationships, and how they effected stock and bond prices. =20 Thanks.
- ------=_NextPart_000_00F8_01BD3E12.94C95D80-- - - ------------------------------ Date: Sat, 21 Feb 1998 12:35:03 -0800 From: "Charles A. Wilmot" Subject: [CANSLIM] SecureTax Has anyone had experience filing with SecureTax? How about the security concerning the use of your credit card in payment of same? Chuck Wilmot Charles A. Wilmot cwilmot@azstarnet.com - - ------------------------------ End of canslim-digest V2 #123 ***************************** 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.