From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #139 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Sunday, March 8 1998 Volume 02 : Number 139 In this issue: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about... Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) [CANSLIM] Market Leaders Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) [CANSLIM] Reading HEPC Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) [CANSLIM] DSTM [CANSLIM] Watchlist [CANSLIM] I ? [CANSLIM] DOSE Re: [CANSLIM] Watchlist Re: [CANSLIM] DOSE Re: [CANSLIM] DSTM HBCCA WATR TMBS Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Re: [CANSLIM] DOSE Re: [CANSLIM] DSTM HBCCA WATR TMBS [CANSLIM] DG Online rumor control (was: I am 100% cash and looking for which stocks to put on watch list.....) Re: [CANSLIM] I ? [CANSLIM] my piddly scan Re: [CANSLIM] my piddly scan ---------------------------------------------------------------------- Date: Sun, 08 Mar 1998 17:03:25 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) I wrote: >IMO we have had a few days of distribution on the NASDAQ lately. So one >should be 20 to 25% in cash now. On the other hand, the S&P500 and Russell 2000 closed at a new high Friday. Doing more research to prepare for next trading week... - - ------------------------------ Date: Sun, 8 Mar 1998 11:00:33 EST From: DCSquires Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about... In a message dated 98-03-08 10:43:21 EST, you write: << What do you guys consider the current Leaders? DELL (not really a just a *current* leader, is it?), IMRS, LHSPF, ... ? >> David Ryan says to look at the "Top 100 RS stocks" in the front of Daily Graphs to identify the leaders. I did raise cash when I saw the distribution and the market started not acting right but there are an extremly large number of favorable chart patterns out there right now. I can't remember a time when so many healthy patterns lead to a down leg. Don't get me wrong, if we continually get warnings I think things could change and sentiment is not on our side. AAII, Consensus, and Market Vain are all in the bull camp but Investors Intelligence isn't, nor are the option ratios. DSquires - - ------------------------------ Date: Sun, 08 Mar 1998 17:06:55 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) I wrote: >On the other hand, the S&P500 and Russell 2000 closed at a new high Friday. Euh, the S&P 500 made a new high. The Russell 2000 is close to it, but not there yet. >Doing more research to prepare for next trading week... Maybe I should you and rest a bit, before I post anymore of these mistakes. ;^) - - ------------------------------ Date: Sun, 08 Mar 1998 11:21:01 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Market Leaders Johan, you wrote: > O'Neil also says you should "Follow the Leaders for Market Clues" (p. 58) > > What do you guys consider the current Leaders? DELL (not really a just a > *current* leader, is it?), IMRS, LHSPF, ... ? > > IMRS and LHSPF are among the leaders, I think. One way I try to keep track of the leaders (other than trying to own them ;)) is by keeping a list of the stocks which have 99 RS and Acc/Dist ranking of "A". This is easy to do with Daily Graphs online. Punch a button and there you are. This doesn't catch all of the true leaders, of course, but it keeps you oriented and allows you to pinpoint other leadership stocks in the strongest groups. When they start to break down, it's one sign of a short term, or longer, top as you mention. Currently, those stocks are holding up remarkably well. So far, no help there. But I have found it useful at times. I also keep track of this category because it is a great source of short candidates, believe it or not. If your interested, seek out the Pitbull Short System. The PB Long system has been oft criticized in this forum, although I find it a nice way to screen for stocks. It has it's problems and doesn't produce much for the pure CANSLIM trader, at least not in a very old bull market. The short system is a far different story, however. I never would have believed that you could make money shorting the strongest stocks in the market, but think back to the run that ended in October. Remember the leaders with the 99/A rankings? Where did those oils and semis (since bouncing back) go? Like I mentioned before, I am cautious here. A failed rally seems a possibility in the next few trading days. I notice that the sentiment upticked again on Thursday, but we are still off 52 week peaks and valleys in those numbers. We could also follow through from the recent lows which would definitely put the sentiment numbers in more perilous territory after the next run up. Can't wait to find out what happens, as long as it doesn't cost too much to find out. Jeffry - - ------------------------------ Date: Sun, 08 Mar 1998 16:28:26 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) On Sun, 08 Mar 1998 17:06:55 +0100, you wrote: :I wrote: :>On the other hand, the S&P500 and Russell 2000 closed at a new high = Friday. : :Euh, the S&P 500 made a new high. The Russell 2000 is close to it, but = not :there yet. : :>Doing more research to prepare for next trading week... : :Maybe I should you and rest a bit, before I post anymore of these = mistakes. :;^) The Russell 2000 had been approaching a new high but didn't quite reach it as several other indexes were almost daily topping theirs the last few weeks (e.g. DJI, Nasdaq, S&P 500). It has done a bit better relative to the other indexes lately, but hasn't assumed leadership. It's been underperforming. Dan - - ------------------------------ Date: Sun, 08 Mar 1998 11:37:06 -0500 From: Connie Mack Rea Subject: [CANSLIM] Reading HEPC - --------------FD17F600EA18DF372541CB5A Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Some have asked me for a reading of a stock that I intend to buy, or think worth buying. From Friday's scan I came up with two stocks: IMKTA and HEPC. I'll comment only on HEPC. I am reading from http://BigCharts. com. I usually read from a 3-month chart first when I scan OBV/MF. Stocks that meet that criteria are looked at from a 1-year and a 6-mos chart to get different perspectives. Stocks can look drastically different from different scan times. Finally I look at a 1-mos chart to be sure that I can see precisely where the 5/10/15 EMA gives buy signals. I depend more on my own quicker 3/7/10 EMAs for buys. Because BC doesn't allow the 3/7/10 EMAs, I'll use its 5/10/15. I chose HEPC because there is an aberrant divergence between OBV and MF, one that would ordinarily make me discard the stock. Pull up a 3-mos OBV chart. About 2-5 HEPC takes a gap hit of nearly a 1/2 point. Previous to this hit, the OBV has been uniformly steady while the stock has a modest downward bias. I consider this a positive, but modest divergence. After the hit OBV tracks the price. This is read as a positive, but not a positive divergence, for there is no divergence; there is only a parallel tracking of OBV and price. Look at MF; it is as uniform as OBV. At the precise point that OBV dropped almost vertically, MF rose vertically, which is in direct and positive divergence with price. This MF and price divergence is rarely seen and is to be read as a powerful counter trend to what the price is doing. It is this positive divergence that permits me to keep the stock alive against the negative divergence of OBV. In March, the MF and price track each other. The 5/10/15 EMA has given a preliminary buy on the 1-mos chart. The 5 EMA has crossed the 10 EMA. You can wait for further confirmation by holding off until the 5 MA passes throught the15. Still more, you can wait until the 10 EMA crosses the 15 EMA. Go to the SlowStochastics. From 2-1 to the latter part of February, the SS has a positive divergence from price. The closer any divergence is, positive or negative, the sooner the probability that the divergence will take effect. The SS [both indicator lines] for the last couple of days is strong. Go to MACD. From the middle of February to the present there is a positive divergence. This reading comes from looking at the black vertical lines that BC calls divergence. The divergence is lessening [lines are getting shorter and shorter as the divergence approaches the horizontal line] while the price is declining. For the first time in over a month there is a vertical line above the center line. The stock is strengthening. What is more important is that there is a crossing of the 9 EMA through the 12-26 EMA. This is to be read as a buy signal. Equally important, perhaps even more so, is the fact that the crossing occurs near the bottom of the chart. A crossing here implies that there is much room for a rise in the MACD and, therefore, in the price. Had the crossing taken place at the center line [.0123], it would be read as positive but a positive with less room to rise. Finally, the SAR has given its first buy in over a month. Unless the stock has a big breakdown, the SAR has much room to rise. For some reason the SAR reads a bit differently on a 3-mos chart than it does on a 1-mos chart. The candle stick readers will recognize this last figure as a strong one because the price closes on its high. And for the gap readers, there is the good prospect that the stock will rise on Monday. The volume is modest but not prohibitive. You must watch the spread. The more volume there is, the closer the spread [probably]. Watch for a changing spread during the day. Were it not for the OBV negative divergence, HEPC would be an unexceptioned buy. However, I consider the other indicators to overwhelm the negative OBV. I will try to buy HEPC on Monday. Should it gap up, I will not pay more than an 1/8 over the close. There are several other stocks that I have in my watch list. Some, but not all, have met OBV/MF criteria recently. They are: AAII ACOL AHG AKS AMD AMES AMIE BDT CACI CAIR CATA CCRD CVTI DMMA DSWLF EFTC ENGL ERAW FMAX HSKA HSTR IBSF KRSL MDWY NSCI PFP RPC SDII SRCL STER STHVY TAVI TFG TOC Several of these stocks I have traded, and four I still own. I have day-traded INTC with about a one point gain. I have a second position in INTC with 1 1/2 point gain. I don't feel at ease when I trade a stock for the first time and have to go by charts alone. E.g., I said months ago that NOVL and KM are old friends whom I have traded dozens of times; I have a feel for them. I have not traded them recently but do hold modest positions in them for my non-trading account. One of the faculty in our investors' club gave me, and the other members, a profitable hint. If El Nino was going to make for a warm winter, then retail stocks ought to do well. And so they have. The club members are doing well, but they have not yet suffered the pangs of a serious correction. They are a bit drunk on success for the past six months. The loss of capital will sober up the drunkest drunk. And the drunkest academic. Connie Mack - --------------FD17F600EA18DF372541CB5A Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Some have asked me for a reading of a stock that I intend to buy, or think worth buying.  From Friday's scan I came up with two stocks: IMKTA and HEPC.  I'll comment only on HEPC.

I am reading from http://BigCharts. com.

I usually read from a 3-month chart first when I scan OBV/MF.  Stocks that meet that criteria are looked at from a 1-year and a 6-mos chart to get different perspectives.  Stocks can look drastically different from different scan times.  Finally I look at a 1-mos chart to be sure that I can see precisely where the 5/10/15 EMA gives buy signals.  I depend more on my own quicker 3/7/10 EMAs for buys.  Because BC doesn't allow the 3/7/10 EMAs, I'll use its 5/10/15.

I chose HEPC because there is an aberrant divergence between OBV and MF, one that would ordinarily make me discard the stock.  Pull up a 3-mos OBV chart.  About 2-5 HEPC takes a gap hit of nearly a 1/2 point.  Previous to this hit, the OBV has been uniformly steady while the stock has a modest downward bias.  I consider this a positive, but modest divergence.

After the hit OBV tracks the price.  This is read as a positive, but not a positive divergence, for there is no divergence; there is only a parallel tracking of OBV and price.

Look at MF; it is as uniform as OBV.  At the precise point that OBV dropped almost vertically, MF rose vertically, which is in direct and positive divergence with price.  This MF and price divergence is rarely seen and is to be read as a powerful counter trend to what the price is doing.  It is this positive divergence that permits me to keep the stock alive against the negative divergence of OBV.  In March, the MF and price track each other.

The 5/10/15 EMA has given a preliminary buy on the 1-mos chart.  The 5 EMA has crossed the 10 EMA.  You can wait for further confirmation by holding off until the 5 MA passes throught the15.  Still more, you can wait until the 10 EMA crosses the 15 EMA.

Go to the SlowStochastics.  From 2-1 to the latter part of February, the SS has a positive divergence from price.  The closer any divergence is, positive or negative, the sooner the probability that the divergence will take effect.  The SS [both indicator lines] for the last
couple of days is strong.

Go to MACD.  From the middle of February to the present there is a positive divergence.  This reading comes from looking at the black vertical lines that BC calls divergence.  The divergence is lessening [lines are getting shorter and shorter as the divergence approaches the horizontal line]  while the price is declining.  For the first time in over a month there is a vertical line above the center line.  The stock is strengthening.

What is more important is that there is a crossing of the 9 EMA through the 12-26 EMA.  This is to be read as a buy signal.  Equally important, perhaps even more so, is the fact that the crossing occurs near the bottom of the chart.  A crossing here implies that there is much room for a rise in the MACD and, therefore, in the price.  Had the crossing taken place at the center line [.0123], it would be read as positive but a positive with less room to rise.

Finally, the SAR has given its first buy in over a month.  Unless the stock has a big breakdown, the SAR has much room to rise.  For some reason the SAR reads a bit differently on a 3-mos chart than it does on  a 1-mos chart.

The candle stick readers will recognize this last figure as a strong one because the price closes on its high.  And for the gap readers, there is the good prospect that the stock will rise on Monday.

The volume is modest but not prohibitive.  You must watch the spread.  The more volume there is, the closer the spread [probably].  Watch for a changing spread during the day.

Were it not for the OBV negative divergence, HEPC would be an unexceptioned buy.  However, I consider the other indicators to overwhelm the negative OBV.  I will try to buy HEPC on Monday.  Should it gap up, I will not pay more than an 1/8 over the close.

There are several other stocks that I have in my watch list.  Some, but not all, have met  OBV/MF criteria recently.  They are:

    AAII  ACOL  AHG  AKS  AMD  AMES  AMIE  BDT  CACI  CAIR  CATA CCRD

    CVTI  DMMA  DSWLF  EFTC  ENGL  ERAW  FMAX  HSKA  HSTR  IBSF  KRSL

    MDWY  NSCI  PFP  RPC  SDII  SRCL  STER  STHVY  TAVI  TFG  TOC

Several of these stocks I have traded, and four I still own.

I have day-traded INTC with about a one point gain.  I have a second position in INTC with 1 1/2 point gain.  I don't feel at ease when I trade a stock for the first time and have to go by charts alone.  E.g., I said months ago that NOVL and KM are old friends whom I have traded dozens of times; I have a feel for them.  I have not traded them recently but do hold modest positions in them for my non-trading account.

One of the faculty in our investors' club gave me, and the other members, a profitable hint.  If El Nino was going to make for a warm winter, then retail stocks ought to do well.  And so they have.  The club members are doing well, but they have not yet suffered the pangs of a serious correction. They are a bit drunk on success for the past six months.  The loss of capital will sober up the drunkest drunk.  And the drunkest academic.

Connie Mack - --------------FD17F600EA18DF372541CB5A-- - - ------------------------------ Date: Sun, 8 Mar 1998 09:20:11 -0800 (PST) From: Chip Anderson Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Everyone can see the exact market action and basic technical analysis at http://coolhistory.com/ChipsCharts in the "Markets" and "Market Internals" pages. I hope the site helps people keep track of the "M" in CANSLIM. Chip - ---Dan Musicant wrote: > > On Sun, 08 Mar 1998 17:06:55 +0100, you wrote: > > :I wrote: > :>On the other hand, the S&P500 and Russell 2000 closed at a new high Friday. > : > :Euh, the S&P 500 made a new high. The Russell 2000 is close to it, but not > :there yet. > : > :>Doing more research to prepare for next trading week... > : > :Maybe I should you and rest a bit, before I post anymore of these mistakes. > :;^) > The Russell 2000 had been approaching a new high but didn't quite > reach it as several other indexes were almost daily topping theirs the > last few weeks (e.g. DJI, Nasdaq, S&P 500). It has done a bit better > relative to the other indexes lately, but hasn't assumed leadership. > It's been underperforming. > > Dan > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 8 Mar 1998 09:20:11 -0800 (PST) From: Chip Anderson Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Everyone can see the exact market action and basic technical analysis at http://coolhistory.com/ChipsCharts in the "Markets" and "Market Internals" pages. I hope the site helps people keep track of the "M" in CANSLIM. Chip - ---Dan Musicant wrote: > > On Sun, 08 Mar 1998 17:06:55 +0100, you wrote: > > :I wrote: > :>On the other hand, the S&P500 and Russell 2000 closed at a new high Friday. > : > :Euh, the S&P 500 made a new high. The Russell 2000 is close to it, but not > :there yet. > : > :>Doing more research to prepare for next trading week... > : > :Maybe I should you and rest a bit, before I post anymore of these mistakes. > :;^) > The Russell 2000 had been approaching a new high but didn't quite > reach it as several other indexes were almost daily topping theirs the > last few weeks (e.g. DJI, Nasdaq, S&P 500). It has done a bit better > relative to the other indexes lately, but hasn't assumed leadership. > It's been underperforming. > > Dan > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 08 Mar 1998 09:42:23 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) At 04:30 PM 3/8/98 +0100, you wrote: > >O'Neil also says you should "Follow the Leaders for Market Clues" (p. 58) > >What do you guys consider the current Leaders? DELL (not really a just a >*current* leader, is it?), IMRS, LHSPF, ... ? > You should *own* the market leaders! The current behavior of my favorites is a lot like it was in early Oct. They are reaching blow-off tops and turning down. One difference I have noticed is that they recover somewhere around the level of my stop, whereas before they felll off the edge of a cliff (i.e. the oils, contract circuit board mfgrs, PC retail, etc.). I have been stopped out of about 1/3 and have been dangerously close on another 1/3. The other 1/3 are basing on low volume. 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, 8 Mar 1998 13:28:43 -0500 From: "Bud Barton" Subject: [CANSLIM] DSTM This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01BD4A96.1D8D6F00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable During My scan of IBD this stock met my criteria Nasdaq DSTM. Is this = stock in anyones portfolio on on anyone elses list? - ------=_NextPart_000_000A_01BD4A96.1D8D6F00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

During My scan of IBD this stock met = my criteria=20 Nasdaq DSTM.  Is this stock in anyones portfolio on on anyone elses = list?
- ------=_NextPart_000_000A_01BD4A96.1D8D6F00-- - - ------------------------------ Date: Sun, 08 Mar 1998 20:13:32 +0100 From: Johan Van Houtven Subject: [CANSLIM] Watchlist New watchlist candidates: Symbol EPS RS Acc/Dis GRS HBCCA: 78 95 A 95 INFM: 73 93 A 97 FSFH: 74 92 A 87 USAI: 74 91 A 95 METZ: 74 91 A 90 MAPX: 72 91 A 88 SMMT: 74 87 B 88 breakout last Fri TSRI: 98 98 A 96 CMSX: 97 89 A 96 - - ------------------------------ Date: Sun, 8 Mar 1998 13:15:19 -0600 From: "Joe Scott" Subject: [CANSLIM] I ? This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01BD4A94.3E6D2F00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, Could use some help, but what else is new.. When following the "I" in CANSLIM, should Bank ownership be added in as = well as fund ownership?=20 Anyone have any ideas on when to sell GM, I've owned it through these = past couple of months, and would hate to lose the gain its run up. Past = few days its had heavy volume, think its a sign of peak for this run? = News hasn't been good on it. joe - ------=_NextPart_000_0032_01BD4A94.3E6D2F00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members,
 
Could use some help, but what else = is=20 new..
When following the "I" in = CANSLIM,=20 should Bank ownership be added in as well as fund ownership? =
 
Anyone have any ideas on when to sell GM, I've owned = it=20 through these past couple of months, and would hate to lose the gain its = run up.=20 Past few days its had heavy volume, think its a sign of peak for this = run? News=20 hasn't been good on it.
 
joe
- ------=_NextPart_000_0032_01BD4A94.3E6D2F00-- - - ------------------------------ Date: Sun, 8 Mar 1998 13:31:29 -0800 From: jmsmith@juno.com Subject: [CANSLIM] DOSE Haven't seen this stock mentioned on the board. I am actively seeking the thoughts and opinions on DOSE from the members of the CANSLIM list. Thanks for any replies! Best Regards, Jay _____________________________________________________________________ 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, 08 Mar 1998 11:33:18 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Watchlist At 08:13 PM 3/8/98 +0100, you wrote: >New watchlist candidates: > >Symbol EPS RS Acc/Dis GRS > > >HBCCA: 78 95 A 95 <---- HUGE debt. It scared me off. > 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, 08 Mar 1998 11:48:15 -0700 From: Tim Fisher Subject: Re: [CANSLIM] DOSE At 01:31 PM 3/8/98 -0800, you wrote: >Haven't seen this stock mentioned on the board. I am actively seeking >the thoughts and opinions on DOSE from the members of the CANSLIM list. > >Thanks for any replies! > 24wk % Q0/-4 Q-1/-5 Q-2/-6 Q-3/-7 SALES P/E ROI D/Equity 8.33 -29.41 83.33 200 250 50.20 33.33 4.95 19.13 The consistently decelerating earnings take this one out of CANSLIM territory, IMHO. 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, 08 Mar 1998 12:10:34 -0700 From: Tim Fisher Subject: Re: [CANSLIM] DSTM HBCCA WATR TMBS It has been discussed here, recently. Tom, reply since you know all there is to know about it. It's on my watch list, passes my scans, I like the chart, I'd consider buying it if M was right and it broke out of the current base, BUT it's under $20. Support is around $15 so I'd call it extended plus that one day where it bounced off its support on 6X ADV is scary. HBCCA - checked another source and my data for debt looks screwy. Anyone have the IBD number? WATR - curiously amid all the ups on Friday I see only one legit breakout on my watch list. This one broke up 5% off of a very long base on huge vol. Comments? TMBS - cofounders announced their retirement from the co. This could be the end of the runup. At 01:28 PM 3/8/98 -0500, you wrote: >During My scan of IBD this stock met my criteria Nasdaq DSTM. Is this stock in anyones portfolio on on anyone elses list? 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, 8 Mar 1998 15:11:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) I would expect NASDAQ, and possibly R2000, to be held back on Monday because of CPQ's news on Friday. The extent of the damage may not be that great as CPQ had already rolled over even before Intel warning of weak PC demand. The 2.5 pt selloff in aftermkt trading on Friday is a clue, looks to me more like MOT's pre-announcement rather than Intel's. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Sunday, March 08, 1998 10:59 AM Subject: Re: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) >I wrote: > >>IMO we have had a few days of distribution on the NASDAQ lately. So one >>should be 20 to 25% in cash now. > >On the other hand, the S&P500 and Russell 2000 closed at a new high Friday. > >Doing more research to prepare for next trading week... > > > > > > > >- > - - ------------------------------ Date: Sun, 8 Mar 1998 15:38:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] DOSE This one was mentioned some time back in the group. At this time, both the RS (74) and the EPS (74) would give me cause to avoid it. It had a nice ascending base, however Friday's close left it too pricy to be a fresh buy. If I had already bot it for some reason, tho, I would hold it here. 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: jmsmith@juno.com To: canslim@xmission.com Date: Sunday, March 08, 1998 2:31 PM Subject: [CANSLIM] DOSE >Haven't seen this stock mentioned on the board. I am actively seeking >the thoughts and opinions on DOSE from the members of the CANSLIM list. > >Thanks for any replies! > >Best Regards, >Jay > >_____________________________________________________________________ >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, 8 Mar 1998 15:34:24 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] DSTM HBCCA WATR TMBS DSTM - I'm no expert on this one, haven't traded it altho some of the brokers in my office did so, mostly shook out at small losses. Chart and CS elements look good, however this one could break either way. The B/B ratings don't help clarify, vol drying up, short base, trailing PE on the higher risk side, not in the top 5 of its group. HBCCA - this is a limited, niche mkt. Judging by its two most recent qtrs, as well as the earnings forecast for 1998, it may have already reached saturation, with further growth limited to population growth and cost cutting. Worth noting, a local Latin TV station just took took ratings over ABC, NBC, CBS and Fox. However, with the Latins pretty well split between ex-Mayor Carolla and non-Mayor Suarez, the Anglos will apparently decide who the next Cuban mayor of Miami will be!! WATR - PE exceeds growth rate, which exceeds the earnings growth forecast for next two years TMBS - seems to be everyone's darling, the industry it supports is growing well, earnings are strong, hard to think this one can't succeed for the long term. I am considering buying some now that it has pulled back a little. 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: Tim Fisher To: canslim@lists.xmission.com Date: Sunday, March 08, 1998 3:09 PM Subject: Re: [CANSLIM] DSTM HBCCA WATR TMBS >It has been discussed here, recently. Tom, reply since you know all there is >to know about it. It's on my watch list, passes my scans, I like the chart, >I'd consider buying it if M was right and it broke out of the current base, >BUT it's under $20. Support is around $15 so I'd call it extended plus that >one day where it bounced off its support on 6X ADV is scary. > >HBCCA - checked another source and my data for debt looks screwy. Anyone >have the IBD number? > >WATR - curiously amid all the ups on Friday I see only one legit breakout on >my watch list. This one broke up 5% off of a very long base on huge vol. >Comments? > >TMBS - cofounders announced their retirement from the co. This could be the >end of the runup. > >At 01:28 PM 3/8/98 -0500, you wrote: >>During My scan of IBD this stock met my criteria Nasdaq DSTM. Is this >stock in anyones portfolio on on anyone elses list? > >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, 8 Mar 1998 12:43:36 -0800 From: Joseph Vaughn-Perling Subject: [CANSLIM] DG Online rumor control (was: I am 100% cash and looking for which stocks to put on watch list.....) DG Online was developed according to specs from the DG staff and is made to resemple the paper product as closely as possible. Almost all the programmers are long-tome staff of WON & Co. It is basically a scaled down version of their institional investor level product which is a Bloomberg type full service investment analysis package. In the software industry Beta period length tends to have alot more to do with business concerns than it does with whether the software has bugs. All useful software has bugs. Programmers have a saying: "The last bug is fixed only when the last user is dead." in response to musicant@autobahn.org (Dan Musicant) I certainly don't know the answer to this. I have been using DG Online Beta for a few months and do like it. It's easy to use, the charts are pretty graphic and have a lot of info. The downside is the lack of customization available. You cannot do any scanning based on criteria. My impression is that the software was developed with certain criteria in mind...those of the people who "ordered" it, Bill O'Neill and the staff at IBD and perhaps the staff of Daily Graphs. It looks to me like this is not the brain child of programmers, but rather the response of hired programmers to their clients' requirements. I often wonder about the very protracted beta period for this software, which seems pretty uncomplicated, from the user's standpoint. You choose a stock and you have 2 choices: Graph and Data Block. It seems pretty elementary. Being pretty used to applications that are at least a little interactive, I find it a bit disconcerting that I cannot enter any data into this program other than stock symbols. - - ------------------------------ Date: Sun, 8 Mar 1998 15:42:10 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] I ? I generally look only at Funds and Management ownership as I have found bank and insurance co ownership to be both unreliable and widely changing. GM is still in favor with the institutionals despite relatively weak RS and EPS (including a '98 decline in earnings) and other bad news. The chart does not give you a reason to sell unless you have reached your target and don't get greedy. I see nothing technical that argues in favor of selling otherwise. 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: Joe Scott To: CANSLIM Date: Sunday, March 08, 1998 2:14 PM Subject: [CANSLIM] I ? Members, Could use some help, but what else is new.. When following the "I" in CANSLIM, should Bank ownership be added in as well as fund ownership? Anyone have any ideas on when to sell GM, I've owned it through these past couple of months, and would hate to lose the gain its run up. Past few days its had heavy volume, think its a sign of peak for this run? News hasn't been good on it. joe - - ------------------------------ Date: Sun, 8 Mar 1998 15:36:06 -0600 From: "Joe Scott" Subject: [CANSLIM] my piddly scan This is a multi-part message in MIME format. - ------=_NextPart_000_00A1_01BD4AA7.E9180020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, well, after these hours of "hunting and gathering", I'm down to one that = looks promising for Monday (depending on M).. Someone please find a problem with it (MISI) that I haven't seen so I = don't have to concern myself with buying anything on Monday.=20 Oh, and Tom, thxs for the info on GM. joe - ------=_NextPart_000_00A1_01BD4AA7.E9180020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members,
well, after these hours of = "hunting and=20 gathering", I'm down to one that looks promising for Monday = (depending on=20 M)..
Someone please find a problem with = it (MISI)=20 that I haven't seen so I don't have to concern myself with buying = anything on=20 Monday.
Oh, and Tom, thxs for the info on=20 GM.
joe
 
- ------=_NextPart_000_00A1_01BD4AA7.E9180020-- - - ------------------------------ Date: Sun, 08 Mar 1998 14:10:04 -0700 From: Tim Fisher Subject: Re: [CANSLIM] my piddly scan At 03:36 PM 3/8/98 -0600, you wrote: >Members, >well, after these hours of "hunting and gathering", I'm down to one that looks promising for Monday (depending on M).. >Someone please find a problem with it (MISI) that I haven't seen so I don't have to concern myself with buying anything on Monday. >Oh, and Tom, thxs for the info on GM. >joe > OK, earnings growth looks excellent, but it's 68% owned by insiders. Don't see any instituitional holdings, but that may just be the fault of the Zacks free database. My scan would kick it out because of the high insider holdings. 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! - - ------------------------------ End of canslim-digest V2 #139 ***************************** 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.