From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1389 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, May 22 2001 Volume 02 : Number 1389 In this issue: RE: [CANSLIM] DGO List Re: [CANSLIM] MNTG [CANSLIM] Omega Radarscreen Re: [CANSLIM] chic? Re: [CANSLIM] chic? DNB (was Re: [CANSLIM] DGO List) Analyst up/downgrades (formerly[CANSLIM] chic?) Re: [CANSLIM] The Right Software Tools ---------------------------------------------------------------------- Date: Tue, 22 May 2001 13:24:01 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] DGO List This is a multi-part message in MIME format. - ------=_NextPart_000_006A_01C0E2C2.76D6DF20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, I understand how you screened this list (RS and EPS of 80 or better). = However, if you look at a stock like DNB which has falling sales and = declining earnings, would this cause you to reject it even though the = chart has a nice base and it breaks out? Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, May 19, 2001 6:20 PM To: CANSLIM Subject: [CANSLIM] DGO List Total list this Friday at 279, up from 253. Prior weeks it totaled 264 = and 245. It consists of those stocks in the Daily Graphs books (roughly 2,800) = that as of Friday had both RS and EPS of 80 or better. Additionally, = they must have been at or within 5% of the 12 month high during the = prior week. In my review of this overall list, I am only focusing on the = recent chart patterns.=20 This review of the overall list is solely intended to identify stocks = with good CANSLIM qualities, using authentic WON sourced data, that are = showing some kind of constructive chart formation. The idea is to = present some candidates for member's watch list, not to suggest they are = presently a "buy" candidate. No due diligence has been done. My own = personal bias against certain industries is largely ignored in the = review. As always, my shorthand notation is Bx where "B" means a "B"ase of "x" = weeks, IMO.=20 LLUR =3D Lower Left Upper Right SKX - volatile B3 after an unfilled gap up NVR - LLUR MTH - B2 NYCB - B3 AEOS - B2, ragged c&h, weak double bottom? FCFS - B3 PNM - B3 RJR - B3 UCBH - B3 handle on a cup, volume declining PLB - B3 handle on a very shallow cup, at the pivot on declining vol SJT - B4 SYMC - B3, trying to break higher but on light vol DCOM - B3 FIC - B2 EFDS - looks like a young LLUR, with the entry at or close to the 50 = DMA, earnings estimate this year 153% and 41% next year SVRN - B2+ FNFG - B2 FRED - B3+ FLM - B4 MAXS - B2+ CORS - B7 URS - B3 RBNC - B2+, vol below ADV ATK - B3+, wedging down, vol past week mostly below avg DNB - B4 PTV - B3 handle on cup, tried to break the pivot ACAI - B6 FHCC - B3 LLL - double bottom BCF - B3, vol down ICBC - LUR BBX - B3 FFIC OMI - B3+ ZQK - B3 BANR - B2 MTB - B5, lots of insider selling NAUT - B3 Lots of stocks didn't make the list because they were already way = extended. Gains of 20-30% in the past month were common. Several cups = nicely formed just shot right on by the right rim without even = considering the need for a handle. Saw a number of gap ups that were not = filled thus far. Conclusion: there is a considerable need for some = consolidation of the best performing stocks. Tom Worley stkguru@netside.net - ------=_NextPart_000_006A_01C0E2C2.76D6DF20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
I understand how you screened this list (RS and = EPS of 80=20 or better).  However, if you look at a stock like DNB which has = falling=20 sales and declining earnings, would this cause you to reject it even = though the=20 chart has a nice base and it breaks out?
 
Rick
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Saturday, May 19, 2001 6:20 PM
To:=20 CANSLIM
Subject: [CANSLIM] DGO List

Total list this Friday at 279, up from 253. Prior = weeks it=20 totaled 264 and 245.
 
It consists of those = stocks in the=20 Daily Graphs books (roughly 2,800) that as of Friday had both RS and = EPS of 80=20 or better.  Additionally, they must have been at or within 5% of = the 12=20 month high during the prior week. In my review of this overall list, I = am only=20 focusing on the recent chart patterns.=20
 
This review of the overall list is solely intended = to=20 identify stocks with good CANSLIM qualities, using authentic WON = sourced data,=20 that are showing some kind of constructive chart formation. The = idea is=20 to present some candidates for member's watch list, not to suggest = they are=20 presently a "buy" candidate. No due diligence has been done. My own = personal=20 bias against certain industries is largely ignored in = the=20 review.
 
As always, my shorthand notation is = Bx where=20 "B" means a "B"ase of "x" weeks, IMO.
LLUR =3D Lower Left Upper=20 Right
 
SKX - volatile B3 after an unfilled gap = up
NVR - LLUR
MTH - B2
NYCB - B3
AEOS - B2, ragged c&h, weak double = bottom?
FCFS - B3
PNM - B3
RJR - B3
UCBH - B3 handle on a cup, volume = declining
PLB - B3 handle on a very shallow cup, at the = pivot on=20 declining vol
SJT - B4
SYMC - B3, trying to break higher but on light=20 vol
DCOM - B3
FIC - B2
EFDS - looks like a young LLUR, with the entry at = or close=20 to the 50 DMA, earnings estimate this year 153% and 41% next = year
SVRN - B2+
FNFG - B2
FRED - B3+
FLM - B4
MAXS - B2+
CORS - B7
URS - B3
RBNC - B2+, vol below ADV
ATK - B3+, wedging down, vol past week mostly = below=20 avg
DNB - B4
PTV - B3 handle on cup, tried to break the=20 pivot
ACAI - B6
FHCC - B3
LLL - double bottom
BCF - B3, vol down
ICBC - LUR
BBX - B3
FFIC
OMI - B3+
ZQK - B3
BANR - B2
MTB - B5, lots of insider selling
NAUT - B3
 
Lots of stocks didn't make the list because they = were=20 already way extended. Gains of 20-30% in the past month were common. = Several=20 cups nicely formed just shot right on by the right rim without even=20 considering the need for a handle. Saw a number of gap ups that were = not=20 filled thus far. Conclusion: there is a considerable need for some=20 consolidation of the best performing stocks.
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_006A_01C0E2C2.76D6DF20-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 15:02:25 -0400 From: "jsteff" Subject: Re: [CANSLIM] MNTG Hi Ian, How did you choose $10.20 to get in? Was it because it finally hit $10? Thanks Steff - ----- Original Message ----- From: "Ian" To: Sent: Tuesday, May 22, 2001 12:53 PM Subject: [CANSLIM] MNTG > I finally found it under the '$10 NAZ Stocks' list in IBD. 97 97 and an 'A' > Acc/Dist rating. > > I am in here around $10.20. I really like the way that it is being bought > today. And they have a strong 'N' coming up with the wager being upped from > $2 to $5 in their West VIrginia slots: > http://biz.yahoo.com/bw/010502/2114.html > > Ian > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 12:08:37 -0400 From: Joseph Light Subject: [CANSLIM] Omega Radarscreen Rick, There is a very active list that discusses the good & bad aspects of Omega products. List members would be responsive to your questions. You may subscribe by sending request to omega-digest-request@eskimo.com & typing subscribe in the subject line. I'm an Omega product user, but not familiar with Radarscreen. Joseph Light "Anyone familiar with Omega's Radarscreen? Very expensive but seems to be a very powerful realtime screening program. It uses the powerful EasyLanguage." - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 18:10:45 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] chic? Anna: IBD mentioned CHIC and AMSGA BO yesterday. Both plummeted today. I have a feeling that the institutions sell upon hearing the favorable news in IBD, and then-if they still believe the stock is strong-will buy it back once the weak hands sell out. Notice: Both CHIC and AMSGA (also mentioned in IBD's "General Mkt. Section") have made a strong run-up. So there are lots of weak hands [I surmise] wanting to take profits-this, I believe, is what is happening. For evidence of my belief, look at the volume in the subsequent days. It should become lower, and the stock should trade-after a day or two-in a tight range). That's one indication that the institutions-those who haven't sold-still like it. jans In a message dated 5/22/2001 11:42:48 AM Eastern Daylight Time, asosis@ca.ibm.com writes: << What is going with CHIC? Anna >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 18:24:33 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] chic? Anna: I agree with Tim. The 1st rule of WON (or any good market guru) is to CONSERVE CAPITAL. I believe the institutions are dumping to aquire some profits, and to scare off weak hands; however, I could be wrong. If I am right, you can always buy later (when the volume dwindles and CHIC's range tightens). However, if I am wrong.... Also, stick with the rules you came in with. Don't overanalyze. Keep your capital. There's always another bus. Just my suggestion. jans In a message dated 5/22/2001 12:15:58 PM Eastern Daylight Time, asosis@ca.ibm.com writes: << I feel fear. Lots of it. My cost is about 33.80, I had a stop loss below the low of the last pullback @ 32.37. The stock has gone up over 15% so in theory I should not take a loss on it (per WON). On the other hand: My initial stop loss has not been triggered. I cannot find why the stock got downgraded (valuations, reduced earnings? Btw, do you know where I can find this kind of info?) The average trade size is about 380 shares - lots of small people damping. Thompon's site shows institutional buying. The fall happened so fast that at some point it has to rebound (even if for a short while). Decision time... Again, do you know where/how I can find the reasons for downgrade? Anna Tim Fisher @lists.xmission.com on 05/22/2001 12:04:59 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: Re: [CANSLIM] chic? You should do what you feel is right. What does WON say? Is there a reason to sell? Is distribution on about avg vol a reason to sell? If I was you, which I am not, I would let my stop do the talking. On 08:44 AM 5/22/01, asosis@ca.ibm.com Said: >Oh, I got it - it got downgraded. >So the question now is: what should one do? This seems like an over reactio >to me, but should I argue with M and hold or should I damp NOW? > > >Anna > > > >Anna Sosis/Toronto/IBM@IBMCA@lists.xmission.com on 05/22/2001 11:39:54 AM > >Please respond to canslim@lists.xmission.com > >Sent by: owner-canslim@lists.xmission.com > > >To: canslim@lists.xmission.com >cc: >Subject: Re: [CANSLIM] chic? > > > >What is going with CHIC? > >Anna > >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 18:32:37 -0400 From: "Tom Worley" Subject: DNB (was Re: [CANSLIM] DGO List) This is a multi-part message in MIME format. - ------=_NextPart_000_007D_01C0E2ED.94243020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't screen the list, per se. It is already a "screened list" = available at DGO. All I do is look at the recent chart formation, and = mention those I think have a constructive pattern making them worth = watching. I emphasize that I am not doing any due diligence on the = stocks I post. In the case of DNB, I would agree that sales growth is essentially zero, = but earnings are not declining. DGO shows the last four qtrs as up 21%, = 12%, 16% and 12%. While that is not bad for a big cap stock (market cap = is 2.25 billion), it is not a good sign that it can continue since it is = being done without sales growth. It is ahead of this year's forecast of = 10% growth, suggesting that it will slow further. More significantly it = is well under its 5 year history of 72%. I don't even consider a stock for my watch list unless it is either = forecast for, or has shown a history of, a minimum of 20% earnings = growth. And it's most recent history must show me that any forecast is = realistic and achievable. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Rick Parsons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, May 22, 2001 1:24 PM Subject: RE: [CANSLIM] DGO List Tom, I understand how you screened this list (RS and EPS of 80 or better). = However, if you look at a stock like DNB which has falling sales and = declining earnings, would this cause you to reject it even though the = chart has a nice base and it breaks out? Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, May 19, 2001 6:20 PM To: CANSLIM Subject: [CANSLIM] DGO List Total list this Friday at 279, up from 253. Prior weeks it totaled = 264 and 245. It consists of those stocks in the Daily Graphs books (roughly = 2,800) that as of Friday had both RS and EPS of 80 or better. = Additionally, they must have been at or within 5% of the 12 month high = during the prior week. In my review of this overall list, I am only = focusing on the recent chart patterns.=20 This review of the overall list is solely intended to identify = stocks with good CANSLIM qualities, using authentic WON sourced data, = that are showing some kind of constructive chart formation. The idea is = to present some candidates for member's watch list, not to suggest they = are presently a "buy" candidate. No due diligence has been done. My own = personal bias against certain industries is largely ignored in the = review. As always, my shorthand notation is Bx where "B" means a "B"ase of = "x" weeks, IMO.=20 LLUR =3D Lower Left Upper Right =20 SKX - volatile B3 after an unfilled gap up NVR - LLUR MTH - B2 NYCB - B3 AEOS - B2, ragged c&h, weak double bottom? FCFS - B3 PNM - B3 RJR - B3 UCBH - B3 handle on a cup, volume declining PLB - B3 handle on a very shallow cup, at the pivot on declining vol SJT - B4 SYMC - B3, trying to break higher but on light vol DCOM - B3 FIC - B2 EFDS - looks like a young LLUR, with the entry at or close to the 50 = DMA, earnings estimate this year 153% and 41% next year SVRN - B2+ FNFG - B2 FRED - B3+ FLM - B4 MAXS - B2+ CORS - B7 URS - B3 RBNC - B2+, vol below ADV ATK - B3+, wedging down, vol past week mostly below avg DNB - B4 PTV - B3 handle on cup, tried to break the pivot ACAI - B6 FHCC - B3 LLL - double bottom BCF - B3, vol down ICBC - LUR BBX - B3 FFIC OMI - B3+ ZQK - B3 BANR - B2 MTB - B5, lots of insider selling NAUT - B3 Lots of stocks didn't make the list because they were already way = extended. Gains of 20-30% in the past month were common. Several cups = nicely formed just shot right on by the right rim without even = considering the need for a handle. Saw a number of gap ups that were not = filled thus far. Conclusion: there is a considerable need for some = consolidation of the best performing stocks. Tom Worley stkguru@netside.net =20 - ------=_NextPart_000_007D_01C0E2ED.94243020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't screen the list, per se. It is already a = "screened=20 list" available at DGO. All I do is look at the recent chart formation, = and=20 mention those I think have a constructive pattern making them worth = watching. I=20 emphasize that I am not doing any due diligence on the stocks I=20 post.
 
In the case of DNB, I would agree that sales growth = is=20 essentially zero, but earnings are not declining. DGO shows the last = four qtrs=20 as up 21%, 12%, 16% and 12%. While that is not bad for a big cap stock = (market=20 cap is 2.25 billion), it is not a good sign that it can continue since = it is=20 being done without sales growth. It is ahead of this year's forecast of = 10%=20 growth, suggesting that it will slow further. More significantly it is = well=20 under its 5 year history of 72%.
 
I don't even consider a stock for my watch list = unless it is=20 either forecast for, or has shown a history of, a minimum of 20% = earnings=20 growth. And it's most recent history must show me that any forecast is = realistic=20 and achievable.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 Rick Parsons
To: canslim@lists.xmission.com =
Sent: Tuesday, May 22, 2001 = 1:24 PM
Subject: RE: [CANSLIM] DGO = List

Tom,
I understand how you screened this = list (RS and=20 EPS of 80 or better).  However, if you look at a stock like DNB = which has=20 falling sales and declining earnings, would this cause you to reject = it even=20 though the chart has a nice base and it breaks=20 out?
 
Rick
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Tom Worley
Sent: Saturday, May 19, 2001 6:20 = PM
To: CANSLIM
Subject: [CANSLIM] DGO=20 List

Total list this Friday at 279, up from 253. = Prior weeks it=20 totaled 264 and 245.
 
It consists of = those stocks in=20 the Daily Graphs books (roughly 2,800) that as of Friday had both RS = and EPS=20 of 80 or better.  Additionally, they must have been at or = within 5% of=20 the 12 month high during the prior week. In my review of this = overall list,=20 I am only focusing on the recent chart patterns.=20
 
This review of the overall list is solely = intended to=20 identify stocks with good CANSLIM qualities, using authentic WON = sourced=20 data, that are showing some kind of constructive chart = formation. The=20 idea is to present some candidates for member's watch list, not to = suggest=20 they are presently a "buy" candidate. No due diligence has been = done. My own=20 personal bias against certain industries is largely = ignored in=20 the review.
 
As always, my shorthand notation = is Bx where=20 "B" means a "B"ase of "x" weeks, IMO.
LLUR =3D Lower Left Upper=20 Right
 
SKX - volatile B3 after an unfilled gap = up
NVR - LLUR
MTH - B2
NYCB - B3
AEOS - B2, ragged c&h, weak double=20 bottom?
FCFS - B3
PNM - B3
RJR - B3
UCBH - B3 handle on a cup, volume = declining
PLB - B3 handle on a very shallow cup, at the = pivot on=20 declining vol
SJT - B4
SYMC - B3, trying to break higher but on light=20 vol
DCOM - B3
FIC - B2
EFDS - looks like a young LLUR, with the entry = at or close=20 to the 50 DMA, earnings estimate this year 153% and 41% next=20 year
SVRN - B2+
FNFG - B2
FRED - B3+
FLM - B4
MAXS - B2+
CORS - B7
URS - B3
RBNC - B2+, vol below ADV
ATK - B3+, wedging down, vol past week mostly = below=20 avg
DNB - B4
PTV - B3 handle on cup, tried to break the=20 pivot
ACAI - B6
FHCC - B3
LLL - double bottom
BCF - B3, vol down
ICBC - LUR
BBX - B3
FFIC
OMI - B3+
ZQK - B3
BANR - B2
MTB - B5, lots of insider selling
NAUT - B3
 
Lots of stocks didn't make the list because they = were=20 already way extended. Gains of 20-30% in the past month were common. = Several=20 cups nicely formed just shot right on by the right rim without even=20 considering the need for a handle. Saw a number of gap ups that were = not=20 filled thus far. Conclusion: there is a considerable need for some=20 consolidation of the best performing stocks.
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_007D_01C0E2ED.94243020-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 17:49:42 -0500 From: "The Curry's" Subject: Analyst up/downgrades (formerly[CANSLIM] chic?) Patrick, I feel the same way. I don't think analysts are taken seriously for the most part. After all, they usually have a vested interest in the stock they are analyzing. They can make a profit either way - on an upgrade or downgrade. Anyone else have thoughts on this? - --Patti - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Tuesday, May 22, 2001 11:51 AM Subject: Re: [CANSLIM] chic? > On 22 May 01, at 12:14, asosis@ca.ibm.com wrote: > Decision time... Again, do you know where/how I can find the reasons for > > downgrade? > > I wouldn't advise you on whether or not to sell, but - a downgrade is > no reason to sell, an upgrade is no reason to buy. I've watched > those analyst guys at work for years and I've decided the best thing > to do is ignore them as much as possible. I've posted an analyst > bashing article or two here before. If you want your eyes opened a > bit, find the issue of Fortune magazine from the last few weeks > which had an analyst on the cover (forget her name) who covered > the internet stocks. Not a pretty picture. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 22 May 2001 19:01:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] The Right Software Tools This is a multi-part message in MIME format. - ------=_NextPart_000_0098_01C0E2F1.98BEA300 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Rick, Over the years, I have found that very few people are truly suited for = sitting in front of a monitor all day long, day after day. I did it for = over 7 years and, while I enjoyed it, I would not want to be doing that = again. When I am off for a day or two, I will do so. But I got 2 weeks = vacation starting next week, and intend to go sailing every day if Ma = Nature permits. I had three hours of meetings today, the first started for one hour at = 9:30 AM, just as the market opened and EPIQ had news that would = undoubtedly knock it down. I had already read the news well before the = opening, and adjusted my stop limit up again to less than 2% trailing = for what proved to be a last time. Exited a quarter position over $8 = higher than when I began to use hard stops, and more than 30% higher = than my original recent target price. Did it while I was in a meeting = with management. That is one answer for how to handle trading stocks = without sitting in front of a monitor. You can do the same thing on the = buy side, and only have to trust that the volume will accompany a move = thru the pivot. Because I do not have the time at work to watch stocks on my "hot" list, = I usually cheat and buy them while they are still basing. I usually get = them below the pivot as a result, altho some never break out either. I = also use a buy limit around the pivot, or lower, after I see them break = out on volume. Some back up a little and fill my order (last week one = filled, one wouldn't budge so I raised the limit 20 cents, and filled 10 = cents under my new limit, still don't understand that good fortune, but = both in the money this week). I usually have 15-20 stocks on my active watch list, but rarely is more = than one or two poised for an imminent breakout. If I happen to be off = work, or at work but it is slow, I try to watch them using = FreeRealTime.com. I have always found that the Mark 1 Mod 0 human brain, = when hyperlinked up with the same version of the human eyeball, is = better than any software package. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Rick Parsons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, May 22, 2001 1:10 PM Subject: RE: [CANSLIM] The Right Software Tools Steve, Actually my "job" is investing my nest egg from my home. So I have = the time to monitor the market. Many times I see comments posted on this board stating that a stock = shot thru the pivot point and it was too far extended to catch it. So = it seems as if we would need some good realtime alerts. =20 If my message troubles you, then the reverse is true for me: Your = message seems to indicate that you can find and buy CANLIM stocks on a = timely basis (near the pivot point) without fancy software or monitoring = the market all day. How do you do it? =20 Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of SKutney@aol.com Sent: Tuesday, May 22, 2001 11:04 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] The Right Software Tools Your message troubles me because I don't feel that you need any of = these=20 tools to buy stocks using CANSLIM. I use investors.com along with a = once and=20 while subscription to Daily Graphs. How can these other software = packages be=20 useful if you need to work all day on a regular type job?=20 Steve=20 - ------=_NextPart_000_0098_01C0E2F1.98BEA300 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Rick,
 
Over the years, I have found that very few people = are truly=20 suited for sitting in front of a monitor all day long, day after day. I = did it=20 for over 7 years and, while I enjoyed it, I would not want to be doing = that=20 again. When I am off for a day or two, I will do so. But I got 2 weeks = vacation=20 starting next week, and intend to go sailing every day if Ma Nature=20 permits.
 
I had three hours of meetings today, the first = started for one=20 hour at 9:30 AM, just as the market opened and EPIQ had news that would=20 undoubtedly knock it down. I had already read the news well before the = opening,=20 and adjusted my stop limit up again to less than 2% trailing for what = proved to=20 be a last time. Exited a quarter position over $8 higher than when I = began to=20 use hard stops, and more than 30% higher than my original recent target = price.=20 Did it while I was in a meeting with management.  That is one = answer for=20 how to handle trading stocks without sitting in front of a = monitor.  You=20 can do the same thing on the buy side, and only have to trust that the = volume=20 will accompany a move thru the pivot.
 
Because I do not have the time at work to watch = stocks on my=20 "hot" list, I usually cheat and buy them while they are still basing. I = usually=20 get them below the pivot as a result, altho some never break out = either.  I=20 also use a buy limit around the pivot, or lower, after I see them break = out on=20 volume. Some back up a little and fill my order (last week one filled, = one=20 wouldn't budge so I raised the limit 20 cents, and filled 10 cents under = my new=20 limit, still don't understand that good fortune, but both in the money = this=20 week).
 
I usually have 15-20 stocks on my active watch list, = but=20 rarely is more than one or two poised for an imminent breakout. If I = happen to=20 be off work, or at work but it is slow, I try to watch them using=20 FreeRealTime.com. I have always found that the Mark 1 Mod 0 = human brain,=20 when hyperlinked up with the same version of the human eyeball, is = better than=20 any software package.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 Rick Parsons
To: canslim@lists.xmission.com =
Sent: Tuesday, May 22, 2001 = 1:10 PM
Subject: RE: [CANSLIM] The = Right Software=20 Tools

Steve,
Actually my "job" is investing my nest = egg from my=20 home.  So I have the time to monitor the=20 market.
Many times I see comments posted on = this board=20 stating that a stock shot thru the pivot point and it was too=20 far extended to catch it.  So it seems as if we would need = some good=20 realtime alerts.
 
If my message troubles you, then the reverse is true = for=20 me:  Your message seems to indicate that you can find and buy = CANLIM=20 stocks on a timely basis (near the pivot point) without fancy software = or=20 monitoring the market all day.  How do you do=20 it?
 
Rick
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 SKutney@aol.com
Sent: Tuesday, May 22, 2001 11:04=20 AM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 The Right Software Tools

Your message troubles me = because I don't=20 feel that you need any of these
tools to buy stocks using = CANSLIM. I use=20 investors.com along with a once and
while subscription to Daily = Graphs.=20 How can these other software packages be
useful if you need to = work all=20 day on a regular type job?

Steve=20
- ------=_NextPart_000_0098_01C0E2F1.98BEA300-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1389 ****************************** 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.