From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #125
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk


canslim-digest        Monday, February 23 1998        Volume 02 : Number 125



In this issue:

       Re: [CANSLIM] Furon (FCY)
       Re: [CANSLIM] tmbs
       Re: [CANSLIM] Re: canslim-digest V2 #123
       [CANSLIM] Results of Iraq survey
       Re: [CANSLIM] Fw: Weekly Economic Update
       Re: [CANSLIM] WSTF (was Fw: Weekly Economic Update)
       [CANSLIM] Elder's Triple Screen
       Re: [CANSLIM] tmbs
       [CANSLIM] Book<Virus checked>
       Re: [CANSLIM] Results of Iraq survey
       Re: [CANSLIM] Elder's Triple Screen
       Re: [CANSLIM] Results of Iraq survey
       Re: [CANSLIM] tmbs
       Re: [CANSLIM] Results of Iraq survey
       RE: [CANSLIM] Elder's Triple Screen
       [CANSLIM] "As-of-date?" for Digital shareholders.
       Re: [CANSLIM] tmbs
       [CANSLIM] World Markets
       [CANSLIM] Airlines
       Re: [CANSLIM] OPEC Increased Production (was Results of Iraq survey)
       Re: [CANSLIM] Airlines

----------------------------------------------------------------------

Date: Sun, 22 Feb 1998 18:26:46 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Furon (FCY)

I'll take a slightly more optimistic view than Rich did, David. From a CS
standpoint, the elements are decent: RS 87 and ascending; earnings growth
25%; not overpriced with a trailing PE of 19 and earnings forecast of up 23%
for 1998; a/d B. With the fiscal year having ended Jan, you are not likely
to get Q4 results before expiration, so you don't have that in your favor.
The price is rising, you are now in the money, so the options won't rise as
fast as the stock, and as Rich pointed out, you are losing time value, altho
the worst of this will come in the last week or two.  Chart wise, the rising
price doesn't appear to be confirmed by volume, and you may have resistance
in the 21.75 to 22 range. Should it break thru that, then it could well move
sig higher. I would watch the stock action as it encounters that level.

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: David w Markle <dmarkle@juno.com>
To: canslim@xmission.com <canslim@xmission.com>
Date: Sunday, February 22, 1998 10:19 AM
Subject: [CANSLIM] Furon (FCY)


>Furon (FCY)  has been on in and outof this discussion group , so some of
>you are probably familiar with it. I own some MAR 20 call options on
>Furon and would like some TA/CANSLIM advice on what price/date to sell.
>Please remember I already own the options. The time frame is the next
>month (March 20th)
>
>Thanks a ton
>
>David Markle
>
>_____________________________________________________________________
>You don't need to buy Internet access to use free Internet e-mail.
>Get completely free e-mail from Juno at http://www.juno.com
>Or call Juno at (800) 654-JUNO [654-5866]
>
>
>-
>


- -

------------------------------

Date: Sun, 22 Feb 1998 16:38:56 -0700
From: Kirby Benson <kbenson@zianet.com>
Subject: Re: [CANSLIM] tmbs

I am also in at 15.81, watching it closely.  It closed above it's low for the
day on friday if that is any indication that it probably isn't ready for a
reversal yet.  But as Tom says, watch it closely.

Kirby Benson

David S. Pinhasik wrote:

> Need help here. It broke out at about 15 less than 2 weeks ago. Went
> steadily up till Friday, closed down on 2.5X ADV.  I was in at about 16 and
> now is going for 17 3/8  down 9/16. That makes it 16% above the b/o and 8.5%
> for me.  Should I get out now, or is this just short term profit taking?
>
> David
>
> -

 

- --
Visit The Great White Trout Studios: http://www.zianet.com/kbenson/trout.html
 


- -

------------------------------

Date: Sun, 22 Feb 1998 18:37:34 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Re: canslim-digest V2 #123

OSTE
earnings for 1998 forecasted up only 16%, u/d ratio at 0.9. There are better
candidates.

CMSX
pivot point was at about 20.5, now basing at 24.375, thus extended.
Certainly wouldn't act on it till shows evidence of another breakout. Volume
pretty erratic, but u/d ratio 7.1. Big problem I saw is earnings growth rate
decellerating - 5 year is plus 58% but 1998 is only 16%. Trailing PE is high
(39) and not much better on projected level, and RS only 86, thus could be
hurt in any mkt correction. A/D and Timeliness both A.

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: snl1@pipeline.com <snl1@pipeline.com>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Sunday, February 22, 1998 6:17 PM
Subject: [CANSLIM] Re: canslim-digest V2 #123


>Can anyone tell me their opinion on these; on my "watch list"?:
>
>OSTE
>CMSX
>
>Thanks,
>
>Steven
>
>
>-
>


- -

------------------------------

Date: Sun, 22 Feb 1998 19:01:33 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Results of Iraq survey

Well, had hoped for more responses, but still got 26. Of this total, only 2
definitely do not expect the US to attack Iraq, one because Insane will give
up and one thinks it's all a bluff. Several of the yes answers were also
qualified on Insane not backing down.

As to the time frame, most expect it over the next several weeks. The
earliest would be after the Olympics end (today) and UN Secretary Annan out
of Iraq (late Monday or early Tuesday). BTW, he returns to NY sometime on
Tuesday and briefs the Security Council on Wednesday, so I doubt any action
before then. Worth noting that the darkest night of the month is Thursday.

As to the expectation/awareness of the respondent's circle of friends and
acquintances, the responses ranged from "no clue", no attack expected, no
idea, etc to 50/50 chance of attack, to fully expecting an attack.  The
majority however seemed to either not expect an attack or are just not
thinking about it.

The bulk of the responses came from the CANSLIM group, however at least
three (mine included) came from persons with military and Vietnam era
background (and mine comes from a parent who had a son on the front lines
for Desert Storm). Most of the responses came from persons in the USA,
however one response was from Europe and one from Israel. A number of
responses noted that this may be a way for Slick Willie to take some media
heat off Dategate and focus on world affairs (instead of domestic ones, heh,
heh, heh).

Personally, I think the level of complacency is high enough that any attack
will have a sudden, and negative, effect on the mkt. While I don't expect
institutional managers to panic, they may be under some pressure to cover
mutual fund sell orders if their cash position isn't high enough. Latest I
have read is that any attack will be a continuous four day assault, not the
hit and wait for Insane's response approach talked about several weeks ago.
If so, and as time drags on (unless there is significant successes), more
investors may become concerned, esp if the mkt is dropping.

The downside of any attack is that if there is significant loss of US or
allied life, Clinton will be under greater pressure to win a clearcut
victory, and that's not likely to happen no matter what (unless we catch
Insane out in the open). There have been stories that much of the biological
agents have been moved into the Basra area near the Kuwaiti border with
Iraq. Thus any attack there will disperse the agents into Kuwait and allied
forces via the prevailing winds. Thus wind conditions may be a factor in
timing if these facilities are an intended target.

I hate to say it, since I feel Hussein has given the US little option but to
attack, but I don't see an attack achieving much more than face saving for
the USA, and likely only bolstering Saddam's position of power.

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: Sun, 22 Feb 1998 19:36:56 EST
From: CA011667@aol.com
Subject: Re: [CANSLIM] Fw: Weekly Economic Update

Dear Tom,

I wrote to you several days ago about the possible reversal in the airline
group. Action since then seems to only confirm suspicions, although friday's
expiration of options may have clouded the action a bit. Was wondering if you
had taken a more extensive look at the group action and have any thoughts.
Personally I think this could be similar to the oil stock run ups although not
as dramatic, and I may sell on a bounce if we should get one early this week.
Also, on an off note, you may want to glance at Western Staff  (WSTF). Broke
out at 18 3/8 on nice volume 2 weeks ago and is acted well since. Good CANSLIM
elements, last 2 quarters +6%, +25%, and will report later this week expecting
+55%. Group has beeen strong for several months, I have a position and have
added since. Hope to hear from you soon.God bless. Chris.

- -

------------------------------

Date: Sun, 22 Feb 1998 20:03:31 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] WSTF (was Fw: Weekly Economic Update)

Haven't looked since at the airline group, other than to note that Pan Am
(PAA) was the gambler's play of the week (one of my former clients picked up
3000 shares at 3/8, closed at 1 1/8 on Friday). I'm kicking myself as I
almost did the same thing for more shares, but my resolution is to stick to
basics and stop gambling.

I'm not expecting to do any fresh buys now that I am solidly in cash till
the Iraq crises is resolved. Looking at WSTF however, I note the same thing
I saw on one I commented on earlier, earnings appear to be slowing overall,
altho it seems to be a "turnaround candidate" at the moment. For the past 4
qtrs, earnings were neg 39%, neg 13%, plus 6%, and plus 25%. It finished the
year essentially unchanged compared to the prior year. This compares poorly
to its five year growth rate of 67% altho the forecast for 1998 is up 24%
(it's easier to look good against a bad year than a good year). Volume is
volatile, however U/D is a strong 9.3.

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: CA011667@aol.com <CA011667@aol.com>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Sunday, February 22, 1998 7:36 PM
Subject: Re: [CANSLIM] Fw: Weekly Economic Update


>Dear Tom,
>
>I wrote to you several days ago about the possible reversal in the airline
>group. Action since then seems to only confirm suspicions, although
friday's
>expiration of options may have clouded the action a bit. Was wondering if
you
>had taken a more extensive look at the group action and have any thoughts.
>Personally I think this could be similar to the oil stock run ups although
not
>as dramatic, and I may sell on a bounce if we should get one early this
week.
>Also, on an off note, you may want to glance at Western Staff  (WSTF).
Broke
>out at 18 3/8 on nice volume 2 weeks ago and is acted well since. Good
CANSLIM
>elements, last 2 quarters +6%, +25%, and will report later this week
expecting
>+55%. Group has beeen strong for several months, I have a position and have
>added since. Hope to hear from you soon.God bless. Chris.
>
>-
>



- -

------------------------------

Date: Sun, 22 Feb 1998 17:24:39 -0800
From: Mike Lucero <mikelu@foxinternet.net>
Subject: [CANSLIM] Elder's Triple Screen

I just finished Alex Elder's Trading for a Living, and am very excited 
about the Triple Screen. I see it as giving clearer buy and sell signals, 
limiting risk better, and (hopefully) I can spend less time maintaining my 
watch list.

I have some questions for anyone who's using it:

I was wondering how to combine it with CANSLIM. The simplest way would seem 
to be to choose stocks with high EPS and RS numbers. Would one still wait 
for basing-pattern breakouts? Does it help predict breakouts?
Does it work better with high ADV stocks? higher priced stocks?
Can anyone explain pyramiding - as in if it's better that putting money in 
more stocks, and how to figure out how much to add to positions.

I'm thinking of using weekly MACD and stochastics for the buy candidates, 
then screen for a down day. Is it simpler to just use 2-day-average of the 
Force index for 2nd and 3rd screen combined? Also, 13 day EMA turndown for 
selling.

I'd appreciate any other pointers you may have.

Thanks,

Mike Lucero

- -

------------------------------

Date: Sun, 22 Feb 1998 17:29:25 -0700
From: Tim Fisher <tfish@spiritone.com>
Subject: Re: [CANSLIM] tmbs

FWIW my stop is at 15-3/8, from VectorVest.

At 04:38 PM 2/22/98 -0700, you wrote:
>I am also in at 15.81, watching it closely.=A0 It closed above it's low for=
 the
>day on friday if that is any indication that it probably isn't ready for a
>reversal yet.=A0 But as Tom says, watch it closely.
>
>Kirby Benson
>
>David S. Pinhasik wrote:
>
>> Need help here. It broke out at about 15 less than 2 weeks ago. Went
>> steadily up till Friday, closed down on 2.5X ADV.=A0 I was in at about 16=
 and
>> now is going for 17 3/8=A0 down 9/16. That makes it 16% above the b/o and=
 8.5%
>> for me.=A0 Should I get out now, or is this just short term profit=
 taking?
>>
>> David

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: 23 Feb 98 13:31:02
From: WNEX01/StatisticsNZExternal/NZ <WNEX01/StatisticsNZExternal/NZ@stats.govt.nz>
Subject: [CANSLIM] Book<Virus checked>

This is the preamble of an RFC-1341 encoded, mixed message.

- ---- next item ----
Content-Type: Text/Plain

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.



- ---- next item ----
Content-Type:Text/Plain; Name="ATT01"

<!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>

<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.71.1712.3"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 face=Arial size=2>Can someone recommend a good book(s) 
on interest rates, monetary policy, yield curve, inflation and currency 
relationships?&nbsp; Particularly one that gave some historical analysis of 
these relationships, and how they effected stock and bond prices.&nbsp; 
Thanks.</FONT></DIV></BODY></HTML>



- ---- next item ------



- -

------------------------------

Date: Sun, 22 Feb 1998 17:58:15 -0800
From: "Patrick Wahl" <pwahl@postoffice.worldnet.att.net>
Subject: Re: [CANSLIM] Results of Iraq survey

> From:          "Tom Worley" <stkguru@netside.net>
> To:            "CANSLIM" <canslim@lists.xmission.com>

> Personally, I think the level of complacency is high enough that any attack
> will have a sudden, and negative, effect on the mkt. While I don't expect
> institutional managers to panic, they may be under some pressure to cover
> mutual fund sell orders if their cash position isn't high enough. Latest I
> have read is that any attack will be a continuous four day assault, not the
> hit and wait for Insane's response approach talked about several weeks ago.
> If so, and as time drags on (unless there is significant successes), more
> investors may become concerned, esp if the mkt is dropping.

The news tonight seems to indicate a settlement of some sort was 
reached, but I don't trust that weasel to stick to any sort of 
agreement, so I am skeptical of this until I see inspectors back in 
the country.  If an attack does come, I don't see why it should mean 
very much to the market.  This is an isolated episode with a country 
that is economically not part of the world.  They are also not 
selling oil, or at least not very much, so no disruption there.  Any 
sell off would probably be a buying opportunity.

- -

------------------------------

Date: Sun, 22 Feb 1998 19:11:59 -0800 (PST)
From: Rolatzi <rolatzi@yahoo.com>
Subject: Re: [CANSLIM] Elder's Triple Screen

Mike,

Could you summarize his ideas.  What is a triple screen? How does it
give buy and sell signals.  Any method which would give me a better
way to sell stocks would be most appreciated.  I have no trouble
initiating positions, only getting out of them.

Thanks,
Rich



- ---Mike Lucero <mikelu@foxinternet.net> wrote:
>
> I just finished Alex Elder's Trading for a Living, and am very
excited 
> about the Triple Screen. I see it as giving clearer buy and sell
signals, 
> limiting risk better, and (hopefully) I can spend less time
maintaining my 
> watch list.
> 
> I have some questions for anyone who's using it:
> 
> I was wondering how to combine it with CANSLIM. The simplest way
would seem 
> to be to choose stocks with high EPS and RS numbers. Would one still
wait 
> for basing-pattern breakouts? Does it help predict breakouts?
> Does it work better with high ADV stocks? higher priced stocks?
> Can anyone explain pyramiding - as in if it's better that putting
money in 
> more stocks, and how to figure out how much to add to positions.
> 
> I'm thinking of using weekly MACD and stochastics for the buy
candidates, 
> then screen for a down day. Is it simpler to just use 2-day-average
of the 
> Force index for 2nd and 3rd screen combined? Also, 13 day EMA
turndown for 
> selling.
> 
> I'd appreciate any other pointers you may have.
> 
> Thanks,
> 
> Mike Lucero
> 
> -
> 
> 

_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Sun, 22 Feb 1998 23:30:26 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Results of Iraq survey

Assuming the US accepts the deal that Annan struck (and from the few details
I heard tonight I find it difficult to believe they will have any choice but
to accept), then the next test will come when the UN inspectors are back in
place and start pulling no notice inspections, esp of the presidential
palaces. If that goes well over the next week or two, then I would expect
the US to start withdrawing some of its forces.

And Saddam will undoubtedly claim victory, that now Iraq can be inspected
with dignity (and of course proven to be a peaceful nation).

Any statements or opinions are strictly my own and not that of my employer.
My comments should not be interpreted as a recommendation of any kind. I am
a licensed (inactive) broker and an active investor. All investors should do
their own research prior to any investment, especially one learned about on
the Internet. Hopefully my comments will better inform and educate all
investors.
tom w
- -----Original Message-----
From: Patrick Wahl <pwahl@postoffice.worldnet.att.net>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Sunday, February 22, 1998 8:56 PM
Subject: Re: [CANSLIM] Results of Iraq survey


> From:          "Tom Worley" <stkguru@netside.net>
> To:            "CANSLIM" <canslim@lists.xmission.com>

> Personally, I think the level of complacency is high enough that any
attack
> will have a sudden, and negative, effect on the mkt. While I don't expect
> institutional managers to panic, they may be under some pressure to cover
> mutual fund sell orders if their cash position isn't high enough. Latest I
> have read is that any attack will be a continuous four day assault, not
the
> hit and wait for Insane's response approach talked about several weeks
ago.
> If so, and as time drags on (unless there is significant successes), more
> investors may become concerned, esp if the mkt is dropping.

The news tonight seems to indicate a settlement of some sort was
reached, but I don't trust that weasel to stick to any sort of
agreement, so I am skeptical of this until I see inspectors back in
the country.  If an attack does come, I don't see why it should mean
very much to the market.  This is an isolated episode with a country
that is economically not part of the world.  They are also not
selling oil, or at least not very much, so no disruption there.  Any
sell off would probably be a buying opportunity.

- -



- -

------------------------------

Date: Sun, 22 Feb 1998 20:37:40 -0800
From: Komkit Tukovinit <ktukovinit@aptia.com>
Subject: Re: [CANSLIM] tmbs

TMBS, if it was I who had the stock, I would hold, but again, I held too
many stocks for too long.  A curious side note given some discussions on
MF recently: TMBS MF is decisively in the negative territory since the
end of December.  

kom

David,
CANSLIM elements are fine, RS 98, EPS 99, a/d A, Timeliness A, u/d 4.1.
ADV is now 118,900 per DGO, so Friday's vol only about 1.5X ADV.
Trailing PE is only 27, so hardly high priced for its rate of earnings
growth of 53%.
Looks to me more likely to be short term profit taking, possibly because
it was a Friday and double witching, with the added uncertainty of Iraq.
Would watch it closely, tho.

- -

------------------------------

Date: Sun, 22 Feb 1998 22:00:23 -0800
From: Bob Gibson <bgibson@wvi.com>
Subject: Re: [CANSLIM] Results of Iraq survey

At 05:58 PM 2/22/1998 -0800, you wrote:
>> From:          "Tom Worley" <stkguru@netside.net>
>> To:            "CANSLIM" <canslim@lists.xmission.com>
>
>> Personally, I think the level of complacency is high enough that any attack
>> will have a sudden, and negative, effect on the mkt. While I don't expect
>> institutional managers to panic, they may be under some pressure to cover
>> mutual fund sell orders if their cash position isn't high enough. Latest I
>> have read is that any attack will be a continuous four day assault, not the
>> hit and wait for Insane's response approach talked about several weeks ago.
>> If so, and as time drags on (unless there is significant successes), more
>> investors may become concerned, esp if the mkt is dropping.

Patrick Wahl wrote:
>The news tonight seems to indicate a settlement of some sort was 
>reached, but I don't trust that weasel to stick to any sort of 
>agreement, so I am skeptical of this until I see inspectors back in 
>the country.  If an attack does come, I don't see why it should mean 
>very much to the market.  This is an isolated episode with a country 
>that is economically not part of the world.  They are also not 
>selling oil, or at least not very much, so no disruption there.  Any 
>sell off would probably be a buying opportunity.
>
>-
Yes, the news reports said there is an agreement but didn't give any
details.  The UN head has to present it to, and get an OK, from the UN.
Very briefly mentioned recently was an OK from the UN for Iraq to double
its oil output.  He's winning as usual.
Another item I haven't heard any comments on.  Why did OPEC push for higher
oil production, causing the price to drop drastically, with El Nino
forecasting predicting a warm winter and low demand for heating oil?
Bob


- -

------------------------------

Date: Sun, 22 Feb 1998 22:41:32 -0800
From: Mike Lucero <mikelu@foxinternet.net>
Subject: RE: [CANSLIM] Elder's Triple Screen

As I understand it, the Triple Screen system uses 2 timeframes to pick a 
trade.

Say you want buy a stock that you want to hold for an intermediate term 
(weeks). First, use a weekly screen to find stocks in an uptrend. Examples 
from the book are weekly MACD-histogram rising or 13-day EMA rising. 
Secondly, use a daily screen to find stocks that are buyable. For example, 
daily stochastic less than 30. Thirdly, you need to pick an entry point. A 
buy signal is generated when the daily screen declines. Then, use a 
trailing buy-stop a tick above the high of the day. If the stock goes up 
the next day, you're stopped in, and you place a stop-loss a tick below the 
lowest low of the previous two days.

You'd sell when the weekly screen turns down.

Mike

On Sunday, February 22, 1998 7:12 PM, Rolatzi [SMTP:rolatzi@yahoo.com] 
wrote:
> Mike,
>
> Could you summarize his ideas.  What is a triple screen? How does it
> give buy and sell signals.  Any method which would give me a better
> way to sell stocks would be most appreciated.  I have no trouble
> initiating positions, only getting out of them.
>
> Thanks,
> Rich
>
>
>
> ---Mike Lucero <mikelu@foxinternet.net> wrote:
> >
> > I just finished Alex Elder's Trading for a Living, and am very
> excited
> > about the Triple Screen. I see it as giving clearer buy and sell
> signals,
> > limiting risk better, and (hopefully) I can spend less time
> maintaining my
> > watch list.
> >
> > I have some questions for anyone who's using it:
> >
> > I was wondering how to combine it with CANSLIM. The simplest way
> would seem
> > to be to choose stocks with high EPS and RS numbers. Would one still
> wait
> > for basing-pattern breakouts? Does it help predict breakouts?
> > Does it work better with high ADV stocks? higher priced stocks?
> > Can anyone explain pyramiding - as in if it's better that putting
> money in
> > more stocks, and how to figure out how much to add to positions.
> >
> > I'm thinking of using weekly MACD and stochastics for the buy
> candidates,
> > then screen for a down day. Is it simpler to just use 2-day-average
> of the
> > Force index for 2nd and 3rd screen combined? Also, 13 day EMA
> turndown for
> > selling.
> >
> > I'd appreciate any other pointers you may have.
> >
> > Thanks,
> >
> > Mike Lucero
> >
> > -
> >
> >
>
> _________________________________________________________
> DO YOU YAHOO!?
> Get your free @yahoo.com address at http://mail.yahoo.com
>
>
>
> 

- -

------------------------------

Date: Mon, 23 Feb 1998 01:16:53 -0700 (MST)
From: cando@highfiber.com
Subject: [CANSLIM] "As-of-date?" for Digital shareholders.

Does anyone know what the offical "as-of-date" is that those owning Digital
stock will then receive their cash and Compaq stock settlement?  I never
saw it mentioned in the news stories I read in Dow Jones.

Thanks.

James Coburn
Albuquerque, NM



- -

------------------------------

Date: Mon, 23 Feb 1998 08:27:23 -0800
From: Tim Fisher <tfish@spiritone.com>
Subject: Re: [CANSLIM] tmbs

At 08:37 PM 2/22/98 -0800, you wrote:
>TMBS, if it was I who had the stock, I would hold, but again, I held too
>many stocks for too long.  A curious side note given some discussions on
>MF recently: TMBS MF is decisively in the negative territory since the
>end of December.  
>
I'd view that as a positive signal.


Tim Fisher / tfish@spiritone.com
Ore-Rock-On and Pacific Fishery Biologists WWW Sites:
http://www.spiritone.com/~tfish
See naked fish and rocks!

- -

------------------------------

Date: Mon, 23 Feb 1998 08:20:23 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] World Markets

No real surprise, mostly positive reaction worldwide to the news of a UN
settlement with Iraq, esp in Europe. Asia was more mixed, with Japan
noteably down. I suspect local economic problems there are more of a factor.

I would expect an opening 40 to 50 pts up, and strong from there at least
thru late morning. NASDAQ appears stronger on the futures mkt than S&P500,
however both up over half a percent. Annan is in Paris today, and returns to
the UN tomorrow for a briefing to the Security Council on Wednesday. After
that, hopefully, more details of the deal will be available.

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, 23 Feb 1998 07:23:47 -0500
From: "Frank V. Wolynski" <Wolynski@MindSpring.Com>
Subject: [CANSLIM] Airlines

At 19:36 2/22/98 EST, CA011667@aol.com wrote:
>Dear Tom,
>
>I wrote to you several days ago about the possible reversal in the airline
>group. Action since then seems to only confirm suspicions, although friday's
>expiration of options may have clouded the action a bit. Was wondering if you
>had taken a more extensive look at the group action and have any thoughts.
>Personally I think this could be similar to the oil stock run ups although
not
>as dramatic, and I may sell on a bounce if we should get one early this week.

No less than 11 officers of Alaska Air sold positions on 2/4/98 according
to this weeks Barrons which cites SEC Form 144 sells. The S&P group index
for Airlines is up at approx 94%. They don't get much higher except in
speculative frenzies. My group tracking graded Airlines as a sell last week. 

Frank Wolynski
I am often wrong, please plan accordingly.


- -

------------------------------

Date: Mon, 23 Feb 1998 07:22:07 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] OPEC Increased Production (was Results of Iraq survey)

Simple, cash flow. OPEC countries are used to a certain style of living and
economics. With the crude oil prices already down, they were getting less
revenues, so they increase production to offset the lower price. Of course,
increased production lowers the price more, so they may want to increase
again, esp if they are forced to permit Iraq to go to 2 mil barrels/day from
the present 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: Bob Gibson <bgibson@wvi.com>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Monday, February 23, 1998 12:59 AM
Subject: Re: [CANSLIM] Results of Iraq survey


>At 05:58 PM 2/22/1998 -0800, you wrote:
>Patrick Wahl wrote:
>>very much to the market.  This is an isolated episode with a country
>>that is economically not part of the world.  They are also not
>>selling oil, or at least not very much, so no disruption there.  Any
>Very briefly mentioned recently was an OK from the UN for Iraq to double
>its oil output.  He's winning as usual.
>Another item I haven't heard any comments on.  Why did OPEC push for higher
>oil production, causing the price to drop drastically, with El Nino
>forecasting predicting a warm winter and low demand for heating oil?
>Bob
>
>
>-
>


- -

------------------------------

Date: Mon, 23 Feb 1998 20:51:15 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Airlines

When insiders sell on a deteriorating stock, I worry about what they know.
When they sell on a strongly performing stock, I don't begrudge them their
added profits  (compensation in many cases) (ok, maybe I'm a little
jealous), but have found it to more often than not be a contrarian signal
(e.g. the stock is going higher). Keep in mind that the right time for
insiders to sell is when there is demand for the stock. Also many cos limit
the "window of opportunity" for their insiders to sell as they want some
time separation between any major news such as earnings.

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: Frank V. Wolynski <Wolynski@MindSpring.Com>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>;
canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Monday, February 23, 1998 4:05 PM
Subject: [CANSLIM] Airlines


>At 19:36 2/22/98 EST, CA011667@aol.com wrote:
>>Dear Tom,
>>
>>I wrote to you several days ago about the possible reversal in the airline
>>group. Action since then seems to only confirm suspicions, although
friday's
>
>No less than 11 officers of Alaska Air sold positions on 2/4/98 according
>to this weeks Barrons which cites SEC Form 144 sells. The S&P group index
>for Airlines is up at approx 94%. They don't get much higher except in
>speculative frenzies. My group tracking graded Airlines as a sell last
week.
>
>Frank Wolynski
>I am often wrong, please plan accordingly.
>
>
>-
>


- -

------------------------------

End of canslim-digest V2 #125
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