From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #141 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Tuesday, March 10 1998 Volume 02 : Number 141 In this issue: Re: [CANSLIM] ADVP, FFGI, ICN [CANSLIM] MISI Re: [CANSLIM] MISI [CANSLIM] TLC [CANSLIM] ICN [CANSLIM] Re: BigChart - EMA [CANSLIM] David Ryan speaks Re: [CANSLIM] TLC [CANSLIM] Gap Sites Anyone? Re: [CANSLIM] Re: canslim-digest V2 #139wu Re: [CANSLIM] MISI Re: [CANSLIM] TLC Re: [CANSLIM] David Ryan speaks [CANSLIM] Pitbull Shorting [CANSLIM] Pitbull Shorting Re: [CANSLIM] Pitbull Shorting Re: [CANSLIM] Re: canslim-digest V2 #139wu Re: [CANSLIM] MISI [CANSLIM] EPIQ Re: [CANSLIM] EPIQ [CANSLIM] Crude Oil and the Airline Industry [CANSLIM] Economic Calendar week of March 9, 1998 Re: [CANSLIM] Sports Clubs - SCY [CANSLIM] Asian Markets [CANSLIM] Toms Posts Re: [CANSLIM] Sports Clubs - SCY RE: [CANSLIM] Friday was a classic distribution day [CANSLIM] Evaluation of Pairgain"pair" ---------------------------------------------------------------------- Date: Mon, 09 Mar 1998 17:15:49 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] ADVP, FFGI, ICN Tom wrote: >Added FFGI to my list (I hate medical stocks, so the other two had no chance >altho ICN does look attractive). ICN breakout as I write. Already 2x ADV and we are only 1.5 hours into the trading day. - - ------------------------------ Date: Mon, 09 Mar 1998 10:25:20 -0800 From: Harlan Subject: [CANSLIM] MISI Some one wrote that they felt this issue was extended too far from a base and that got me thinking. I own this issue and have added to my position when it broke out of that consolidation that went between 32.25ish and 35ish. 1st off youre right it is extended from the base (29ish was the breakout) going forward from here you could look at it a few ways. 1st- If you own it already you'll notice that this issue tends to trade off of the 20day moving ave. As long as this issue stays above it I'd stay with the stock ( The trend is your friend isnt that right?) In this case its currently at 33.90 2ndly if you dont own it and are considering doing so well then set your stop on a closing basis of any break below the 20day moving ave. and then let it ride. Those of you who like the issue and are saying to yourself "I'll buy it when it pulls back" I've got a few things to say: What if the issue never does? How many of you've said that only to see an issue that youre interested in never pullback and go on to double without you. Do you truthfully know that this issue or that issue is gonna pullback? Some will and some wont the best dont. Lastly, remember this the Mkts the boss it doesnt care what you think, it doesnt care what you want the truth is its gonna do what it want reguardless. Harlan - - ------------------------------ Date: Mon, 9 Mar 1998 10:40:23 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] MISI Harlan I did buy it this morning @ 35 1/2,, found it over the weekend looking thru charts and asked the group what they thought. Looked good to me, read all the info I could find, wish they would jazz up there web site a bit, but other than that looked great to me. So anyway I'm in. joe also got into GEOC, and TLC this morning as well. joe - - ------------------------------ Date: Mon, 9 Mar 1998 10:51:29 -0600 From: "Joe Scott" Subject: [CANSLIM] TLC This is a multi-part message in MIME format. - ------=_NextPart_000_0024_01BD4B49.50F57000 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'll probably get flogged to death for buying this one, violates = evrything on CANSLIM joe - ------=_NextPart_000_0024_01BD4B49.50F57000 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'll probably get flogged to death = for buying=20 this one, violates evrything on CANSLIM
joe
- ------=_NextPart_000_0024_01BD4B49.50F57000-- - - ------------------------------ Date: Mon, 09 Mar 1998 11:57:32 -0600 From: Dave Cameron Subject: [CANSLIM] ICN Whoever mentioned ICN (Johan?); I hope you got in. I commented that I'd like it better if it popped above 60. Well... it has - strongly. Its at 63 as I type. Dave Cameron - - ------------------------------ Date: Mon, 09 Mar 1998 13:12:40 -0500 From: Connie Mack Rea Subject: [CANSLIM] Re: BigChart - EMA - --------------A6F384CE461E4C86CB403106 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Klaus Simonic told me that, after playing around with BigCharts, he found a way to program the "Indicator" window. Use the cursor to erase any numbers in the 3-EMA window. By entering 3,7,10 [use the commas with no spaces], you will bring up my fast buy indicator on the stock screen. The 5/10/15 EMA is still pretty quick, an EMA used by traders. If you enter only one number in the 3-EMA window, say 4, BC will automatically give a 4/8/12 EMA. My thanks to Klaus. Connie Mack Klaus M. Simonic, DI PhD wrote: > Good afternoon, > > >Thanks for the note. BC won't precisely give a 3/7/10 EMA, for if > you > >enter >3/7/10 [or just 3] in the EMA box you'll automatically get > >3/6/9. Entering a >4, you'll get 4/8/12. > > No, please try it! If you enter "3,7,10" you get the desired > indicators. > Used BC for several month, then read your post (CANSLIM) about > technical > indicators and tried diverse inputs. Separate the numbers by commas > (no > spaces) and it will work. > > >For the members, probably a 5/10/15 is the safer EMA though there is > not > >much >difference among the three entries. > > Right, so sent you a private email. > > >How's the market treating you? Doing any trading? > > Well, doing a mix of CANSLIM-like investment and day-trading. > > Yours Klaus > > /------------------------------------------------------\ > | Klaus M. Simonic, Dipl.-Ing. PhD | > | Dept. of Med. Informatics, Graz University | > | Auenbruggerplatz 9, A-8036 Graz, Austria | > | Phone: +43.316.385.3206, Fax: +43.316.385.3207 | > | email: simonic@email.kfunigraz.ac.at | > \------------------------------------------------------/ - --------------A6F384CE461E4C86CB403106 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Klaus Simonic told me that, after playing around with BigCharts, he found a way to program the "Indicator" window.

Use the cursor to erase any numbers in the 3-EMA window.  By entering 3,7,10 [use the commas with no spaces], you will bring up my fast buy indicator on the stock screen.  The 5/10/15 EMA is still pretty quick, an EMA used by traders.

If you enter only one number in the 3-EMA window, say 4, BC will automatically give a 4/8/12 EMA.

My thanks to Klaus.

Connie Mack
 
 
 

Klaus M. Simonic, DI PhD wrote:

Good afternoon,

>Thanks for the note.   BC won't precisely give a 3/7/10 EMA, for if you
>enter  >3/7/10 [or just 3]  in the EMA box you'll automatically get
>3/6/9.  Entering a >4, you'll get 4/8/12.

No, please try it! If you enter "3,7,10" you get the desired indicators.
Used BC for several month, then read your post (CANSLIM) about technical
indicators and tried diverse inputs. Separate the numbers by commas (no
spaces) and it will work.

>For the members, probably a 5/10/15 is the safer EMA though there is not
>much >difference among the three entries.

Right, so sent you a private email.

>How's the market treating you?  Doing any trading?

Well, doing a mix of CANSLIM-like investment and day-trading.

Yours Klaus

   /------------------------------------------------------\
   |           Klaus M. Simonic, Dipl.-Ing. PhD           |
   |      Dept. of Med. Informatics, Graz University      |
   |       Auenbruggerplatz 9, A-8036 Graz, Austria       |
   |    Phone: +43.316.385.3206, Fax: +43.316.385.3207    |
   |       email: simonic@email.kfunigraz.ac.at           |
   \------------------------------------------------------/

   - --------------A6F384CE461E4C86CB403106-- - - ------------------------------ Date: Mon, 09 Mar 1998 20:17:19 +0100 From: Johan Van Houtven Subject: [CANSLIM] David Ryan speaks Thought some of you might like to know what david Ryan has to say about 'M': We're closer to a correction than a tremendous run to the upside," said David Ryan, senior vice president at William O'Neil + Co. "This is because we've rallied for five or six weeks. When the market corrects, I think the pullback will be very shallow. A lot of the stocks that have had real nice runs will have to put in some time forming [sideways] bases for four or five weeks before you can get another run again. "As for leadership, the Intels and Compaqs might be dead in the water for a while," Ryan said. "Even Dell had such an exaggerated run that I wouldn't be surprised to see it bounce around for a while and put in some time basing. I think you've got a cap in that stock, especially since it traded such huge volume on the downside recently." http://cbs.marketwatch.com/news/current/snapshot.htx?source=htx/http2_mw - - ------------------------------ Date: Mon, 09 Mar 1998 15:50:45 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] TLC - --------------90E2EB3BAECD2E615EA74AD2 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Joe-- May be need to beat you at all. If 19 holds, I think you like TLC. Have traded it a couple times last month. Someone is protecting 19. If he leaves town, you'll need to take a taxi too. Connie Mack Joe Scott wrote: > I'll probably get flogged to death for buying this one, violates > evrything on CANSLIMjoe - --------------90E2EB3BAECD2E615EA74AD2 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Joe--

May be need to beat you at all.

If 19 holds, I think you like TLC.

Have traded it a couple times last month.  Someone is protecting 19.  If he leaves town, you'll need to take a taxi too.

Connie Mack
 
 
 

Joe Scott wrote:

 I'll probably get flogged to death for buying this one, violates evrything on CANSLIMjoe
  - --------------90E2EB3BAECD2E615EA74AD2-- - - ------------------------------ Date: Mon, 09 Mar 1998 15:10:44 -0700 From: "Joe J." Subject: [CANSLIM] Gap Sites Anyone? Does anyone know of a Web site (preferably free) where I can get a listing of all stocks that gapped up on the open? I can do this at night, after the close, on my QuotesPlus software but, I would really like to have this information during the same day's trading. I have tried to search for such a site but, have come up empty handed so far (even using Metafind - as someone on this list pointed out to me). BTW, does anyone currently use gap ups as part of their searches for CANSLIM breakouts during the day? Joe J. - - ------------------------------ Date: Mon, 9 Mar 1998 19:04:21 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Re: canslim-digest V2 #139wu This was an extremely long email which appeared to consist of both the digest version of this group as well as stuff pasted in from Silicon Investor. After awhile, I got bored trying to sort thru all the lengthy headers to find two or three lines of text most of which had little to do with CANSLIM or this group. A lot was on INTC, which does not and has not recently been meeting CS criteria. If there was a CANSLIM point to this post, I couldn't find it. If so, please snip out the less pertinent parts (and all those lengthy headers!) and report what counts. Thanks 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: Rita Wu To: canslim@lists.xmission.com Date: Monday, March 09, 1998 9:54 AM Subject: [CANSLIM] Re: canslim-digest V2 #139wu >canslim-digest writes: >>From cchang@ucla.edu Tue Mar 3 16:50:13 1998 >Received: from t2.cray.com (t2-fddi [128.162.8.101]) by ironwood.cray.com (8.8.4/CRI-ironwood-news-1.0) with ESMTP id EXTREMELY BORING AND LENGTHY HEADER ROUTING INSTRUCTIONS SNIPPED - MANY TIMES!! >Sorry I'm late on the 3 day results... haven't mastered this format yet >! > >Winners Are : > >Paul - 9% >Bruce- 8.17% > >Next Monday , we'll have a one week contest... that will put us even >with the 4 week contest. Following the end of those 2 contests, we miles more snipped after this - - ------------------------------ Date: Mon, 9 Mar 1998 19:12:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MISI All that said, Harlan, I feel I should point out that this is still supposed to be a CANSLIM site, and CANSLIM has certain rules including not chasing an extended stock. Other investment strategies, particularly that of momentum players, permit this, but CANSLIM doesn't. This stock might double, you could be correct, however buying it for that reason doesn't guarantee that outcome any more than buying a stock appearing to be breaking out of a tight eight week base on heavy volume guarantees it will keep going, it just increases the odds of success and lowers the odds of getting hurt. 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: Harlan To: canslim@xmission.com Date: Monday, March 09, 1998 11:19 AM Subject: [CANSLIM] MISI >Some one wrote that they felt this issue was extended too far from a >base and that got me thinking. > >I own this issue and have added to my position when it broke out of that >consolidation that went between 32.25ish and 35ish. > >1st off youre right it is extended from the base (29ish was the >breakout) going forward from here you could look at it a few ways. > >1st- If you own it already you'll notice that this issue tends to trade >off of the 20day moving ave. As long as this issue stays above it I'd >stay with the stock ( The trend is your friend isnt that right?) In this >case its currently at 33.90 > >2ndly if you dont own it and are considering doing so well then set your >stop on a closing basis of any break below the 20day moving ave. and >then let it ride. > >Those of you who like the issue and are saying to yourself "I'll buy it >when it pulls back" I've got a few things to say: What if the issue >never does? How many of you've said that only to see an issue that youre >interested in never pullback and go on to double without you. > >Do you truthfully know that this issue or that issue is gonna pullback? >Some will and some wont the best dont. > >Lastly, remember this the Mkts the boss it doesnt care what you think, >it doesnt care what you want the truth is its gonna do what it want >reguardless. > >Harlan > >- > - - ------------------------------ Date: Mon, 9 Mar 1998 19:19:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TLC Sorry, Joe, no flogging allowed here. You got to go the the S&M sister site for that! Actually, except for the huge non-recurring charge, and apparently a recurring one as well, booked in the Q4 (thus destroying the EPS) this one might not look bad. It is #1 in its group, and GRS is 83. Looking back on the 5 yr earnings history, I see they had a prior write off like this, plus are acquiring another co. Don't know if one has anything to do with the other. 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: Monday, March 09, 1998 11:49 AM Subject: [CANSLIM] TLC I'll probably get flogged to death for buying this one, violates evrything on CANSLIM joe - - ------------------------------ Date: Mon, 9 Mar 1998 19:26:58 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] David Ryan speaks Thanks, Johan. Printed and going to work with me tomorrow. 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: Monday, March 09, 1998 2:14 PM Subject: [CANSLIM] David Ryan speaks >Thought some of you might like to know what david Ryan has to say about 'M': > > > We're closer to a correction than a tremendous run to > the upside," said David Ryan, senior vice president at > William O'Neil + Co. "This is because we've rallied - - ------------------------------ Date: Mon, 9 Mar 1998 20:01:22 EST From: FBNAirPlt Subject: [CANSLIM] Pitbull Shorting Jeffrey you wrote 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? The Pitbull shorting system is good for giving you a list of possible stocks to short however, if you try and do many trades with it you end up getting profits one time then losses equal to or greater than your profits. Myself and about 10 others are trying to see if there is a way to reduce the chance of losses while keeping the winners. Over the course of 2 years shorting every stock they recommended you ended up right back where you started with almost no profit. Yes, you can find good shorts with it, but be very selective. Robert Jacques - - ------------------------------ Date: Mon, 9 Mar 1998 20:03:43 EST From: FBNAirPlt Subject: [CANSLIM] Pitbull Shorting Jeffrey you wrote 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? The Pitbull shorting system is good for giving you a list of possible stocks to short however, if you try and do many trades with it you end up getting profits one time then losses equal to or greater than your profits. Myself and about 10 others are trying to see if there is a way to reduce the chance of losses while keeping the winners. Over the course of 2 years shorting every stock they recommended you ended up right back where you started with almost no profit. Yes, you can find good shorts with it, but be very selective. Robert Jacques - - ------------------------------ Date: Mon, 09 Mar 1998 17:14:52 -0800 (PST) From: Rolatzi Subject: Re: [CANSLIM] Pitbull Shorting Robert, I have shorted using PitBull strategies and have come out ahead. It requires however a lot of attention to be sure to cut your losses. I would be interested in any additional ideas to help find the best short candidates. Please keep me informed and if there is some sort of mailing group, please subscribe me. When the market is extended like this, i feel more comfortable having some shorts in my portfolio. Thanks, Rich - ---FBNAirPlt wrote: > > Jeffrey you wrote > > 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? > > The Pitbull shorting system is good for giving you a list of possible stocks > to short however, if you try and do many trades with it you end up getting > profits one time then losses equal to or greater than your profits. Myself > and about 10 others are trying to see if there is a way to reduce the chance > of losses while keeping the winners. Over the course of 2 years shorting > every stock they recommended you ended up right back where you started with > almost no profit. > Yes, you can find good shorts with it, but be very selective. > Robert Jacques > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 9 Mar 1998 20:27:54 -0500 (EST) From: "Surindra J. Singh" Subject: Re: [CANSLIM] Re: canslim-digest V2 #139wu Dear Rita: Could you please post what you really wanted to. I did not understad nothing. Surindra - - ------------------------------ Date: Mon, 9 Mar 1998 21:09:19 EST From: DCSquires Subject: Re: [CANSLIM] MISI In a message dated 98-03-09 19:23:27 EST, you write: << This stock might double, you could be correct, however buying it for that reason doesn't guarantee that outcome any more than buying a stock appearing to be breaking out of a tight eight week base on heavy volume guarantees it will keep going, it just increases the odds of success and lowers the odds of getting hurt. >> This comment was what I had in mind when I wrote that MISI was extended. A 2 week base is great for a decreasing dollar amount pyramid point but I don't like to open new positions off a 2 week base, even if the stock is CBSL. I should have clarified might point. DSquires - - ------------------------------ Date: Mon, 9 Mar 1998 21:51:11 -0500 From: "bamend" Subject: [CANSLIM] EPIQ Tom, What did you ever do with EPIQ? Are you planning to get back in? Bob Amend - - ------------------------------ Date: Mon, 9 Mar 1998 22:05:50 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] EPIQ Still gritting my teeth over my failure to be more decisive and jump back in for a quick 3 pt gain in two trading days, and watching. I am expecting it to continue to show reduced trading volume, and finally give me another cheap entry point where I may have to hold for a longer period of time, but still bet a good return. Since I am now expecting to have to hold longer, I want a cheaper price. Thus still have done nothing altho pleased by today's shakeout (and also worried that this could be the final shakeout, and I will miss it again!!). I am watching it closely, my "ideal" would be a gap down on the open tomorrow taking it down into the 12.5 to 13 range on little volume, then a reversal where I could jump in for a quick move back into paper profits in the mid to upper teens. 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: bamend To: Canslim xmission Date: Monday, March 09, 1998 9:49 PM Subject: [CANSLIM] EPIQ >Tom, > >What did you ever do with EPIQ? Are you planning to get back in? > >Bob Amend > > >- > - - ------------------------------ Date: Mon, 9 Mar 1998 22:25:59 -0500 From: "Tom Worley" Subject: [CANSLIM] Crude Oil and the Airline Industry For those trying to stay on top of these two recently volatile industry groups, I pass on the following snipped article from the Dow Jones News Service: (remember that fuel prices are a significant, and highly variable, factor in airline profit margins, well up in importance with capacity load factors). "Nymex Close: Crude Falls As OPEC Not Seen Supporting Prices" "Crude oil and product futures plunged at the New York Mercantile Exchange Monday as energy markets discounted the possibility that OPEC would act soon to support oil prices. Saudi Arabia, OPEC's most influential member and the world's largest oil producer, said Monday that it wouldn't attend March OPEC committee talks in Vienna and reiterated its position that it wouldn't alone cut oil production. The decision, which comes a week after Venezuela's oil minister Erwin Arrieta declined his invitation to attend the talks, (note: remember my prior post on the problems being created for VZ due to the fall in crude prices??) obliterated any chance the Vienna gathering would become a higher-level emergency meeting, where output cuts could be considered." "Riyadh's decision was first hinted at Sunday when Saudi oil minister Ali Naimi said in an interview with his country's press agency that it will be 'difficult indeed' for OPEC to reach collective action on cutting output because 'some countries, especially those which exceed their quotas, indicate that they aren't prepared to reduce their production." This sentiment helped lead the April crude oil contracts down 76 cents to $14.15, the lowest since April 1994. April heating oil also hit a nine year low of 40.40 cents, while April gasoline hit a four year low of 45.70 cents (don't you wish you could buy it at the pump for that, thank you, Uncle Sam and the states, for taxation at the federal and state level!! - rats, there goes my libertarian personality again, and I thought I had it under control with Prozac). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Mon, 9 Mar 1998 22:48:11 -0500 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar week of March 9, 1998 Another in the never ending series of my boring economic posts, but I remain optimistic that it is helping some to anticipate future events. This week the only two reports that matter are coming on Thursday and Friday and may well be overshadowed by other news and events as we have been seeing lately. TUESDAY Nonfarm Productivity, for Q4 (revised), last was up 2.0%, estimate for up 1.7% (not an encouraging trend direction) THURSDAY Retail Sales (one of the two sig reports of the week), for Feb, last was up 0.1%, estimate for up 0.5% Current Acct Balance, for Q4, last was down $42.2 billion, estimate is for down $40.5 billion (what's a few missing billion dollars among politicians after all??) Initial Jobless Claims, for week to 3/7, last was 304,000, expected is 305,000 Money Supply (M2), for week to 3/2, last was up $14.9 billion, expected is up $5.0 billion (again, what's a few odd billion dollars among politicians, a couple of late filed expense claims should account for this!!) Producer Prices (the biggie for the week), for Feb, last was down 0.7%, expected is down 0.2% (I tend to agree with the forecast, but can only wonder how much longer tight competition and cheap imports can keep forcing producers and their suppliers to cut prices in the face of continuing increases in labor costs, and what this will do to longer term earnings forecasts). Business Inventories, for Jan, last was up 0.4%, estimate for up 0.3% Once again, as always, thanks again to the Dow Jones News Svc for providing this (less the editorial comments). For those that already read it in WSJ, it's old news. For those that didn't (or don't subscribe) I can only hope it helps you plan your week better. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Mon, 9 Mar 1998 23:05:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Sports Clubs - SCY Frank, Great CS primary elements (RS 93, EPS 87) and a good looking chart to boot. Nice long tight base. I see only two major problems: lack of liquidity (ADV is only 4600 shares); and it trades AMEX. My opinion of AMEX has been expressed many times before here, and far more often talking to CEO's of publicly traded cos. Basically, I have seen too many legitimate cos listed there, and ignored. Reverting back to NASDAQ, or "graduating" to NYSE, has invariably helped both liquidity and price. I am also surprised with the low ADV considering an issue of over 11 million shares. DG Online doesn't have a full chart of it (it didn't make the cut for the books) so don't know what the actual float is. 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@mail.xmission.com Date: Sunday, March 08, 1998 10:43 PM Subject: [CANSLIM] Sports Clubs - SCY >A little microcap located in Southern California. >SCY - operates sports/fitness centers. >EPS/RS 87/93. 11.3 million shares. >Sales and earnings accelerating. >In the Leisure/Services group. >Teasing close to a breakout. Not until > $9.5 though. Currently $9.12. >No ownership data available on DG online. Didn't check anywhere else. > >Also on my watch, TCOMA, HBOC (was a breakout on Friday from a 6 week base.) > >Frank Wolynski > > >- > - - ------------------------------ Date: Mon, 9 Mar 1998 23:24:12 -0500 From: "Tom Worley" Subject: [CANSLIM] Asian Markets OK, I promise, this will be my last post. As soon as I'm done I'll go fix some dinner and read until I can go to sleep. No obsessiveness here!! On the other hand, for those following economic news you may have noticed that there is a "feud" developing between the IMF (Intl Monetary Fund) and Indonesia. Previously IMF agreed to a major ($40 billion plus) bailout of Indonesia in return for some concessions. Now, Indonesia is claiming it can't eliminate the govt owned, family and friends infested, monopolistic corps as it is "unconstitutional". As a result, IMF has decided not to pay the next tranche of funding of about $4 billion due 3/11, and hold this payment until early April at the soonest. Meanwhile, Indonesia is talking about creating its own Currency Board which would likely peg its currency to one or more foeign currency rates. Many doubt they have the foreign curency reserves to do this, and thus "go it alone". Currently, Japan's economy still seems to be the dominant factor in Asia. But I wouldn't want to take any bets on a major landmine exploding, and setting off another "Asian Flu" domino effect. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Mon, 9 Mar 1998 23:14:25 -0600 From: "Joe Scott" Subject: [CANSLIM] Toms Posts This is a multi-part message in MIME format. - ------=_NextPart_000_0013_01BD4BB1.1A1F5EC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members I've only been in this group for a few days, but I have to say its = helped me already, I'm going to try to discipline myself more, that has = been my problem in trading. (or at least one of them) Hoping the CANSLIM = method will help that.=20 Following you guys will help, and hopefully I can bring something to = this group as well. btw Tom, I look forward to your "boring economic posts". Keep up the = good work, I need all the help I can get. joe =20 - ------=_NextPart_000_0013_01BD4BB1.1A1F5EC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members
I've only been in this group for a few days, = but I have=20 to say its helped me already,  I'm going to try to discipline = myself more,=20 that has been my problem in trading. (or at least one of them) Hoping = the=20 CANSLIM method will help that.
Following you guys will help, and hopefully I = can bring=20 something to this group as well.
btw Tom, I look forward to your "boring = economic=20 posts".  Keep up the good work, I need all the help I can=20 get.
joe 
- ------=_NextPart_000_0013_01BD4BB1.1A1F5EC0-- - - ------------------------------ Date: Tue, 10 Mar 1998 00:33:05 EST From: DCSquires Subject: Re: [CANSLIM] Sports Clubs - SCY In a message dated 98-03-09 23:09:40 EST, you write: << Basically, I have seen too many legitimate cos listed there, and ignored. Reverting back to NASDAQ, or "graduating" to NYSE, has invariably helped both liquidity and price. >> I have ignored AMEX stocks for liquidity reasons(read excess risk) as well, but I have a question for you that has often run through my mind each time shrug off an AMEX stock. The markets have become very efficient; doesn't this tendency for most people to ignore AMEX stocks offer us a chance to make excess returns? DSquires - - ------------------------------ Date: Tue, 10 Mar 1998 00:04:52 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Friday was a classic distribution day I have been watching for NYSE New Highs to get too high as they did in August and October. So, I haven't been too worried, yet. Mike On Saturday, March 07, 1998 5:34 AM, Jeffry White [SMTP:"postwhit@sover.net"@sover.net] wrote: > Peter Newell, > > I'm not sure what days you are referring to, and I don't think > distribution days require a 1% price move. There were a number of > distribution days on the way up in the Nasdaq. This is common, but > Friday 2/27 (?) was a bit different, in my opinion. Sentiment had > gotten quite bullish, and it made me cautious. Wednesday's rally to > close virtually unchanged was the type of short term bottom from which I > count for follow through, but Thursday's lower low started the clock > again. > > Although Friday 3/6 was a remarkable recovery, I would be leary here of > a "failed rally attempt". I'm off margin and holding only the strongest > in my portfolio (WFMI, NBTY and PAYX) and will be in cash 100% with the > first sign of failure. Could come as early as Monday. > > I think the Nasdaq chart in early October is worth a look. We had a > pretty clear failed rally back around the middle of the month after a > distribution day very similar in kind to 2/27 (?). I made it to cash > once the rally failed, about a week before the crash. Hope to be so > lucky this time, but would prefer no failure at all, of course. > > Good luck to you. > > Jeffry > > > - - ------------------------------ Date: Tue, 10 Mar 1998 04:26:09 -0600 From: JOHN ENGLAND Subject: [CANSLIM] Evaluation of Pairgain"pair" Hello to all, like the some of the others I am to a newbie to the stock market. I waswondering if i could get a evaluation of Pairgain (pair) I would like to see if I'm on the right track on choosing stocks. Thanks for any help.. Tom Worley wrote: > All that said, Harlan, I feel I should point out that this is still supposed > to be a CANSLIM site, and CANSLIM has certain rules including not chasing an > extended stock. Other investment strategies, particularly that of momentum > players, permit this, but CANSLIM doesn't. This stock might double, you > could be correct, however buying it for that reason doesn't guarantee that > outcome any more than buying a stock appearing to be breaking out of a tight > eight week base on heavy volume guarantees it will keep going, it just > increases the odds of success and lowers the odds of getting hurt. > > 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: Harlan > To: canslim@xmission.com > Date: Monday, March 09, 1998 11:19 AM > Subject: [CANSLIM] MISI > > >Some one wrote that they felt this issue was extended too far from a > >base and that got me thinking. > > > >I own this issue and have added to my position when it broke out of that > >consolidation that went between 32.25ish and 35ish. > > > >1st off youre right it is extended from the base (29ish was the > >breakout) going forward from here you could look at it a few ways. > > > >1st- If you own it already you'll notice that this issue tends to trade > >off of the 20day moving ave. As long as this issue stays above it I'd > >stay with the stock ( The trend is your friend isnt that right?) In this > >case its currently at 33.90 > > > >2ndly if you dont own it and are considering doing so well then set your > >stop on a closing basis of any break below the 20day moving ave. and > >then let it ride. > > > >Those of you who like the issue and are saying to yourself "I'll buy it > >when it pulls back" I've got a few things to say: What if the issue > >never does? How many of you've said that only to see an issue that youre > >interested in never pullback and go on to double without you. > > > >Do you truthfully know that this issue or that issue is gonna pullback? > >Some will and some wont the best dont. > > > >Lastly, remember this the Mkts the boss it doesnt care what you think, > >it doesnt care what you want the truth is its gonna do what it want > >reguardless. > > > >Harlan > > > >- > > > > - - - ------------------------------ End of canslim-digest V2 #141 ***************************** 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.