From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #132 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Monday, March 2 1998 Volume 02 : Number 132 In this issue: [CANSLIM] Real time price & volume reports Re: [CANSLIM] Real time price & volume reports [CANSLIM] Selling for 20% profit capture or Buy more? Re: [CANSLIM] EPIQ Re: [CANSLIM] Elder's Triple Screen Re: [CANSLIM] Elder's Triple Screen [CANSLIM] Elder's Triple Screen [CANSLIM] THQI Re: [CANSLIM] EPIQ [CANSLIM] De-lurking: Question on Industry Comparison [CANSLIM] Stocks Re: [CANSLIM] Selling for 20% profit capture or Buy more? Re: [CANSLIM] De-lurking: Question on Industry Comparison [CANSLIM] quiet times ---------------------------------------------------------------------- Date: Sun, 01 Mar 98 11:35:44 -0500 From: alfrench@erols.com Subject: [CANSLIM] Real time price & volume reports Are there any web sites that post reports on unusual price and/or volume activity during the trading day rather than for the previous day? Currently, I am setting up a portfolio on Lycos for breakout candidates, but that requires comparing the day's volume with the ADV manually. It would be nice to have a lazier way to do it. Thanks for any suggestions. Al French - -- - ----------------------------------------------------------- Created by MR/2 and OS/2 from 100% recycled electrons alfrench@erols.com - ----------------------------------------------------------- - - ------------------------------ Date: Sun, 01 Mar 1998 09:12:55 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Real time price & volume reports At 11:35 AM 3/1/98 -0500, you wrote: > Are there any web sites that post reports on unusual price and/or >volume activity during the trading day rather than for the previous day? > > Currently, I am setting up a portfolio on Lycos for breakout >candidates, but that requires comparing the day's volume with the ADV >manually. It would be nice to have a lazier way to do it. > Depends on what you mean by "manually". You can set up a portfolio on Yahoo that shows the days' volume (20 min. delayed) and the ADV on the same screen for all stocks in your portfolio. If you have breakout candidates you can put them all in one portfolio then use the format which shows both numbers. I don't recall which format that is; I have set up my own format (nice feature) which shows all the numbers I want to see (i.e. prev. close, open, bid, ask, vol, adv, change, %change, my notes, etc.) and none of the fluff like P/E or market cap. 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: Sun, 01 Mar 1998 13:41:47 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Selling for 20% profit capture or Buy more? I seem to be a bit confused about the issues regarding selling. I have read numerous comments by many regarding capturing profits at 20%, twice the 200 day MOV, when large volume does not move the price, etc... I have some of my own pet peeves about selling, but was curious if any in the group had a particular favorite set of conditions they would like to share. Also, under what conditions would you buy more of a winner? Having reviewed countless charts by moving back to a year ago and trying to determine technically (with various indicators ) what was a good buy and sell point and I find no consistency whatsoever in the technical aspect of chart analysis, except as WON describes. That is New Highs, higher volume. I know some of the sell strategy has to be determined by the target term of the investment, or how long you are tolerant of holding the position, but it can't help but cause you a little bit of that gut sick feeling when the position you liquidated goes on to double or even triple. ( If I had a 20% gain on every position I liquidated based on an 8% stop loss, just to watch the stock double. Geez.... some days.) I have since become accustomed to buying it back and forgetting my decision from two days ago. At least on paper. Hope I can do that when real money is on the line. At least an opinion on when you would buy more would be appreciated. TIA, Frank Wolynski - - ------------------------------ Date: Sun, 1 Mar 1998 11:49:47 -0700 (MST) From: cando@highfiber.com Subject: Re: [CANSLIM] EPIQ Connie Mack, I have two questions re what you wrote re EPIQ. You wrote: >Pull up BigC and set the lower window indicator to MF for >both 3 and 6 month charts. WHAT IS BIGC? >Too, for those of you who do not discount candlestick indicators, there >is a further hint. WHAT DID YOU SEE IN THE CANDLESTICK INDICATORS? PRIOR TO THE LAST TWO BIG DOWN DAYS, THE CANDLESTICK INDICATORS SHOW 13 OUT OF 14 DAYS CLOSING UP ON MOSTLY INCREASING VOLUME. THANKS. James Coburn Albuquerque, NM - - ------------------------------ Date: Sun, 01 Mar 1998 13:52:56 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Elder's Triple Screen At 07:33 3/1/98 -0500, Jeffry White wrote: >News is a negative to me because it makes the stock "too obvious" and, >thus, prone to failure. When a stock breaks out on colossal volume for >no apparent reason at all, the signal is clear: some folks want it bad >NOW because of what's to come, not because of what everybody knows. >When everybody knows, most often it's time to take profits (witness EPIQ >and SYNT). > One year after going Public, Cisco had a 1800% earnings qtr. Everybody knew it, it was popping 2-3 bucks a day. Today, $66.50, then approx. $ 00.25 (split many times, thus the cost adjusted price.) There are many of these examples. >The SI thread, Motley Fool, AOL, YAHOO individual investors often miss >the stocks that are telling stories before the news, and the charts >reflect that. I find the "non-obvious" breakouts behave the best, allow >reasonable entry points, stop loss placement and less chance for failure >than those that are catching the headlines (even in IBD). I'm such a >fanatic about avoid the obvious stocks that I monitor SI, YAHOO, etc. to >avoid the stocks with too much "noise". If it's obvious, it's probably >not going to work in a manageable way. > >THQI's earnings report was so huge, that I'm willing to give it a >chance. However, it will probably not behave in a way that makes me >comfortable. It's too obvious! > >Jeffry > Sometimes they run when "Fire" is shouted, sometimes not. Sometimes there is a real "Fire". Still some run, some don't. How do you tell the difference? Although I also mostly lean toward a contrarian view, I am often wrong. So it seems to me to be my most perplexing question. How do I handle it when I'm wrong? Frank Wolynski - - ------------------------------ Date: Sun, 01 Mar 1998 13:52:56 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Elder's Triple Screen At 07:33 3/1/98 -0500, Jeffry White wrote: >News is a negative to me because it makes the stock "too obvious" and, >thus, prone to failure. When a stock breaks out on colossal volume for >no apparent reason at all, the signal is clear: some folks want it bad >NOW because of what's to come, not because of what everybody knows. >When everybody knows, most often it's time to take profits (witness EPIQ >and SYNT). > One year after going Public, Cisco had a 1800% earnings qtr. Everybody knew it, it was popping 2-3 bucks a day. Today, $66.50, then approx. $ 00.25 (split many times, thus the cost adjusted price.) There are many of these examples. >The SI thread, Motley Fool, AOL, YAHOO individual investors often miss >the stocks that are telling stories before the news, and the charts >reflect that. I find the "non-obvious" breakouts behave the best, allow >reasonable entry points, stop loss placement and less chance for failure >than those that are catching the headlines (even in IBD). I'm such a >fanatic about avoid the obvious stocks that I monitor SI, YAHOO, etc. to >avoid the stocks with too much "noise". If it's obvious, it's probably >not going to work in a manageable way. > >THQI's earnings report was so huge, that I'm willing to give it a >chance. However, it will probably not behave in a way that makes me >comfortable. It's too obvious! > >Jeffry > Sometimes they run when "Fire" is shouted, sometimes not. Sometimes there is a real "Fire". Still some run, some don't. How do you tell the difference? Although I also mostly lean toward a contrarian view, I am often wrong. So it seems to me to be my most perplexing question. How do I handle it when I'm wrong? Frank Wolynski - - ------------------------------ Date: Sun, 01 Mar 1998 13:59:13 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Elder's Triple Screen Tom, you wrote: > ate: Sun, 1 Mar 1998 07:49:20 -0500 > From: "Tom Worley" > Subject: Re: [CANSLIM] Elder's Triple Screen > > While a stock that is being "hyped" on the internet, whether at SI, Yahoo, > or some little heard of site, is certainly a candidate to avoid, a stock > that breaks out on solidly positive news is still buyable even if "everyone" > knows. Many of those fresh buys are ones that were held until that "positive > news" could confirm something, rather than buying earlier when it was just > rumor. I do agree that a stock that breaks out on news is prone to more > failure, as many of those new buyers simply reacted to the news without > doing their homework, and thus may have false expectations. If the stock > fails to continue moving up, then many are equally quick to exit the stock. > In fact, the day trader that sub-leases space from my office ONLY trades > (short or long) on news and his interpretation of it. > > I'm not sure I understand your ref to EPIQ, it neither broke out or > corrected on news as I recall. I guess I mixed my points here, although I think they are related: they are "obvious." First, I try not to buy a stock which is "obvious". EPIQ became obvious and it climaxed. You can't have a "cheap" stock light up IBD day after day with 99/99 A ranking and not get tons of attention from the Fool, AOL, SI, etc. Don't like the cheap ones, generally, anyway. They feed the greed bug, in my view. Second, I also avoid news created breakouts because the likelihood of those issues providing low risk entry points seems remote. I am more inclined to track the breakouts created by earnings' surprises, but I remain cautious. Too obvious. Third, I always check to sse how loud the "noise" on SI, AOL, etc. is on the stocks that screen out for me. Don't want crowds around, they seem distort the chart. I'd rather get there before they do. Don't get me wrong, I like the obvious when I already own it!! Jeffry - - ------------------------------ Date: Sun, 01 Mar 1998 14:12:01 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] THQI Zoran, you wrote: > assume these indicators do not include volume in their calculations, > so that would be one of the reasons I wouldn't use them for my trades. > To me volume is a big part of the picture, and a significant actor in > the story for the particular stock. Also I don't believe that a rigid > set of parameters (such as 3/7/10 EMA and the look-back time windows > in the slow stochastics) would actually give me THE BEST entry > point for EVERY stock I am viewing. Until I get the proper tools > to build my own charting screens, I will continue simply viewing charts > and train my own neural network to pick on details that can often be > overlooked by the plethora of off-the-shelf indicators out there. > However I'd like to hear more details as to how you (and Connie) > exactly use them. Private email (zmitrov@ee.rochester.edu) would > also do. > > > THQI is on my watch list for this type of entry point, along with > > several others. The only thing I don't like about THQI is that it broke > > out on news (which to me is automatically a cautionary signal). > > > > I would also mention that these indicators work extremely well on LLUR > > stocks, such as WFMI, but not as well on stocks that are still in the > > "handle", such as OMQP (but TWLB suggests it's not to be totally > > ignored). > > > > Thanks for you thoughts about entry point, which, next to the "M", is > > the most critical and most difficult point of the game, in my opinion. > > Thanks for your comments as well. > > > Jeffry > > Zoran I'm not using the stochastics or EMA crossovers in lieu of volume, only to confirm that we are ready to turn, or in fact have turned after we are all washed out. Volume remains key for me in trying to determine an entry point following a massive breakout. As an example, let's track THQI. Initially, pull up a 3 month chart, or shorter. If you'd been stalking this thing, like some who've posted here before the breakout, those two indicators (along with the volume spike) gave you a clear, low risk entry point on February 18 to buy after the opening the following day. Now, let's watch the volume dry up after this breakout and see where the stochastics and 3/7/10 EMA are at the point where you would ordinarily be inclined to take an initial position. I find that using volume alone, I was often early or wrong. These indicators help avoid a bit of the guessing, but it still comes down to using one's "neural network", as you say. Jeffry - - ------------------------------ Date: Sun, 01 Mar 1998 14:39:11 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] EPIQ - --------------44FE60C4B89E129F0D2D9F8F Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Afternoon Cando-- BigC is BigCharts [http://BigCharts.com] Our charts seems to differ quite a bit. I show since the first of the month seven up days. Six of those seven show candlesticks in the the close were in the middle of at the bottom of the candle. These candles [closes] are indicative of no more average strength. Thanks for the mail. Connie Mack cando@highfiber.com wrote: > Connie Mack, > > I have two questions re what you wrote re EPIQ. You wrote: > > >Pull up BigC and set the lower window indicator to MF for > >both 3 and 6 month charts. > > WHAT IS BIGC? > > >Too, for those of you who do not discount candlestick indicators, > there > >is a further hint. > > WHAT DID YOU SEE IN THE CANDLESTICK INDICATORS? PRIOR TO THE LAST TWO > BIG > DOWN DAYS, THE CANDLESTICK INDICATORS SHOW 13 OUT OF 14 DAYS CLOSING > UP ON > MOSTLY INCREASING VOLUME. > > THANKS. > > James Coburn > Albuquerque, NM > > - - --------------44FE60C4B89E129F0D2D9F8F Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Afternoon Cando--

BigC is BigCharts [http://BigCharts.com]

Our charts seems to differ quite a bit.  I show since the first of the month seven up days.  Six of those seven show candlesticks in the the close were in the middle of at the bottom of the candle.  These candles [closes] are indicative of no more average strength.

Thanks for the mail.

Connie Mack
 
 

cando@highfiber.com wrote:

Connie Mack,

I have two questions re what you wrote re EPIQ.  You wrote:

>Pull up BigC and set the lower window indicator to MF for
>both 3 and 6 month charts.

WHAT IS BIGC?

>Too, for those of you who do not discount candlestick indicators, there
>is a further hint.

WHAT DID YOU SEE IN THE CANDLESTICK INDICATORS?  PRIOR TO THE LAST TWO BIG
DOWN DAYS, THE CANDLESTICK INDICATORS SHOW 13 OUT OF 14 DAYS CLOSING UP ON
MOSTLY INCREASING VOLUME.

THANKS.

James Coburn
Albuquerque, NM

-

   - --------------44FE60C4B89E129F0D2D9F8F-- - - ------------------------------ Date: Sun, 01 Mar 1998 13:21:34 -0800 From: "Timothy A. Budd" Subject: [CANSLIM] De-lurking: Question on Industry Comparison I am very new to the CANSLIM method (and investing in general) and find it to be a comfortable framework under which to select stocks (although the buying at new highs will take a bit getting used to!). In fact, I am getting ready to open my first account with an on-line broker. First, a little somthing about me, I am 28, an attorney (currently practicing construction defect lit, but hoping to move into the corporate realm). My desire to open a brokerage account stems from my frustration with my firm's 401(k). I find it difficult to handle the fact that the Agressive Growth Fund offered by my 401(k) provider, returned about 5% last year! I am fairly sure I can do better than that on my own. Although I will still contribute, I want to expand my horizons. Sorry about the long winded introduction, but now onto my question: I have a quick question on the "L" of CANSLIM. I have been scouring the web to find a good web site for something simliar to IBD's "Industry Group Focus". I think this is one of the best ways to determine whether or not a company is a Leader or Laggard. I think it was earlier this week that I happened upon a software focus that turned me on to TMBS. Any ideas on good industry analysis web sites? Thanks. Tim __________________________________________________________________________ "I can picture in my mind a world without war, a world without hate. And I can picture us attacking that world, because they'd never expect it." J.Handey - - ------------------------------ Date: Sun, 1 Mar 1998 14:49:22 -0800 From: Komkit Tukovinit Subject: [CANSLIM] Stocks Hi Tom, I rechecked DGOL, saving ANLY and DLGC, all seem to have RS and GRS above 80. ANLY and DLGC has RS above 80 but the GRS doesn't look so great. I haven't solidified my rule against investing in stocks with low GRS yet, so I look at any that has EPS and RS ranking above 80. I posted those stocks because they appear to have good fundamentals and their charts appear to be forming C&H, potentially breaking out of bases. All the stocks posted, except, MANU, were reported as "breaking out of base" by IBD-OL. Of course, all the stocks reported by IBDOL as breaking out are not worth investing in, but some do merit a look, which I thought these stocks were. The scan that I use (with marketplayer) looks for significant movement around the 100, 50, 20, 10 average lines (and of course, after the 52 week high). This doesn't yield any stocks that can be immediately invested in yet, but it yields a few stocks to watch and stocks that are still extending aggressively. The scan would miss your pick, EPIQ, consistently since EPIQ doesn't seem to be in their database. Out of this group, I did buy into BVF despite its chart's shallow C&H and short base. I rechecked their latest earning report (after I bought---a bad trait). Here's a summary I sent to other people (http://biz.yahoo.com/bw/980225/biovail_co_1.html) - - Both income and revenue doubled for the quarter - - 80% gross margin improving from 77% - same at the yearly level - - 14% sale, marketing, and adminstrative expense increasing from 10% - I haven't seen a company with a marketing budget less than R&D, leaving alone marketing + adminstrative - - 17% R&D from 16% - - 53.6% operating margin, improving from 46% For the year, 45% from 35% The tax that they seem to be paying is <= 5% of their income. Who said Canadians pay lots of tax!!! - - 50% net margin, improving from 47% For the year, 42% from 35% - - 1997 has account receivable of 33.1 million, or 40% of revenue, having a collecting problem???, or next year is going to be another killing year, with all the backlog in revenue. I can't believe the margin of this company, and it's still improving!!! Date: Thu, 26 Feb 1998 21:03:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Stocks Date: Thu, 26 Feb 1998 21:03:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Stocks Guess I just don't understand the post. Several of these have relatively low RS, and they are from different groups. Are you screening for a particular set of criteria? 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: Komkit Tukovinit To: 'CANSLIM' Date: Thursday, February 26, 1998 2:06 PM Subject: [CANSLIM] Stocks >Here's what I thought was getting close: > >MANU > >Here's what IBD On Line reported: >BVF >AATT >ANLY >NCBC >MSM >DLGC > >All seem to have good RS and EPS ranking although only one (BVF) seems >to have a substantial follow-thru. > >kom - - ------------------------------ Date: Sun, 1 Mar 1998 19:38:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Selling for 20% profit capture or Buy more? Frank, I usually buy a minimum of 500 shares on any position, and rarely buy it other than a single trade. This is mostly a limitation of investing capital, as I want some diversification at all times, and can only spend so much for one stock. Rarely will I buy this position in multiple trades. If I am not certain of my entry point, then I wait. I have missed a number of good trades by this, but that's me. As to when to sell, I have never agreed with a 20% rule, other than how I understand WON to express it, that is, use it as a way of building up portfolio profits and confidence. Once you have achieved that, then start letting the stock tell you when to sell. I do have one virtually inviolate rule, and that is to sell at least half anytime I have a double. The only time I recall violating this was when the stock tripled the same day I bot it, and then I still sold half. If I had sold EPIQ for a 20% gain, I would have been pretty unhappy unless I had bot it right back. Currently I am up about 28% on PURW, and am actively looking for an exit point. This is because it's big move was on a nice news story rather than fundamentals. I sold EPIQ when I did because of news (the Iraq crises), not because of how the stock was trading. Had I not done so, I likely would have gained about 100% instead. On the other hand, some of the biggest mistakes I have made is letting a profit turn into a loss. This is unforgivable, but a lesson I am learning still and hopefully won't make too many more times. I'm old fashioned, and tend to stick to my ways. For the most part, the general formula I follow is what I was originally taught by WON staffers, select your entry (pivot) point very carefully; use an 8% stop down from that price (with only minor adjustments for the chart pattern, support, base, and if you were off in the timing of your entry); once you are up at least 15% start moving your stop loss up to protect profits (I was taught to still use an 8% stop from the latest high once I moved it up); and NEVER EVER lower your stop. Assuming your position size and trading costs are reasonable, once you have first moved your stop up, then you should never end up with a loss barring the stock gapping down on you. I rarely, if ever, use an actual stop since I work in the securities industry. Should this change, then I would. But I do establish a mental stop at the time I open a position, and set a limit minder to this number. With thinly traded microcaps, I usually use a stop more in the 15% level to give them some room to roam. With highly liquid stocks, esp ones with tight bases, I would set the stop just under the base even if this is less than 8%. 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 To: canslim@lists.xmission.com Date: Sunday, March 01, 1998 1:38 PM Subject: [CANSLIM] Selling for 20% profit capture or Buy more? >I seem to be a bit confused about the issues regarding selling. >I have read numerous comments by many regarding capturing profits at 20%, >twice the 200 day MOV, when large volume does not move the price, etc... > >I have some of my own pet peeves about selling, but was curious if any >in the group had a particular favorite set of conditions they would like >to share. > >Also, under what conditions would you buy more of a winner? > >Having reviewed countless charts by moving back to a year ago and >trying to determine technically (with various indicators ) what was >a good buy and sell point and I find no consistency whatsoever in the >technical aspect of chart analysis, except as WON describes. That is >New Highs, higher volume. > >I know some of the sell strategy has to be determined by the target >term of the investment, or how long you are tolerant of holding the >position, but it can't help but cause you a little bit of that gut sick >feeling when the position you liquidated goes on to double or even triple. >( If I had a 20% gain on every position I liquidated based on an 8% stop >loss, just to watch the stock double. Geez.... some days.) I have since >become accustomed to buying it back and forgetting my decision from two >days ago. At least on paper. Hope I can do that when real money is on the >line. > >At least an opinion on when you would buy more would be appreciated. > >TIA, > >Frank Wolynski > > >- > - - ------------------------------ Date: Sun, 1 Mar 1998 20:02:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] De-lurking: Question on Industry Comparison Timothy, for shame, you call yourself a lawyer and consider that to be a "long winded introduction"?? You didn't even cover your tenth of an hour!! Anyway, enough lawyer bashing, welcome to the group. As to your 401, I agree and share your frustration. I have seen to date few 401 plans that manage to even compare neutrally with mkt conditions. I think the basic problem is the administrators are so conservative in protecting the capital. The worst of these are the "private" ones where it takes them nearly the full qtr to tell you how you did the prior qtr, and then barely have time to make any decisions for the next qtr. The best are the ones that use publicly traded mutual funds, and allow you to change your investments on a daily basis. But even there you are limited to the funds offered by the plan, and they're not always the best. I do encourage people nonetheless to use their 401 plan, esp if there is any corp matching. This can often offset the poor performance of the funds available. As to sites where you can identify the leaders in a group, I am still using WON's Daily Graphs for this, however it is likely to go commercial any day and I will have to start checking out free sites online that have been suggested here. These include www.wallstreetcity.com, www.biz.yahoo.com/p/a/xxx.html (where xxx is the stock symbol), and www.investorama.com. I haven't tried these to date, so don't know how they compare with IBD industry groups, esp after WON just reorganized the industry groups. 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: Timothy A. Budd To: canslim@lists.xmission.com Date: Sunday, March 01, 1998 4:18 PM Subject: [CANSLIM] De-lurking: Question on Industry Comparison >I am very new to the CANSLIM method (and investing in general) and find it >to be a comfortable framework under which to select stocks (although the >buying at new highs will take a bit getting used to!). In fact, I am >getting ready to open my first account with an on-line broker. First, a >little somthing about me, I am 28, an attorney (currently practicing >construction defect lit, but hoping to move into the corporate realm). My >desire to open a brokerage account stems from my frustration with my firm's >401(k). I find it difficult to handle the fact that the Agressive Growth >Fund offered by my 401(k) provider, returned about 5% last year! I am >fairly sure I can do better than that on my own. Although I will still >contribute, I want to expand my horizons. Sorry about the long winded >introduction, but now onto my question: > >I have a quick question on the "L" of CANSLIM. I have been scouring the >web to find a good web site for something simliar to IBD's "Industry Group >Focus". I think this is one of the best ways to determine whether or not a >company is a Leader or Laggard. I think it was earlier this week that I >happened upon a software focus that turned me on to TMBS. Any ideas on >good industry analysis web sites? Thanks. > >Tim >__________________________________________________________________________ >"I can picture in my mind a world without war, a world without hate. And I >can picture us attacking that world, because they'd never expect it." J.Handey > >- > - - ------------------------------ Date: Mon, 02 Mar 1998 00:31:21 -0600 From: infobelize@kearney.net (Elaine/Robert Urban) Subject: [CANSLIM] quiet times Zoran, Would you or someone give a reference as to Elder's ?book on the "Triple Screen"? Also, is the "quiet retracement an intraday or day on day phenomenon? What makes these events "quiet"? When you talk about past precedence and especially support/resistance are you referring to trend lines day on day with ?closing prices or ? Which moving average(s) do you prefer in this instance? How much high volume in relation to what? Is the "something wrong point" referring to the possibility of breaking through the support level in the underlining trend line? What calls your attention to such a stock? screen? Thanks for your info in advance. I have been following the discussions for 6 mos. and have learned a lot. I would appreciate any comments others might have. Robert Urban - - ------------------------------ End of canslim-digest V2 #132 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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