From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1469 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 Sunday, June 10 2001 Volume 02 : Number 1469 In this issue: Re: [CANSLIM] ICON Breakout? Re: [CANSLIM] ICON Breakout? RE: [CANSLIM] IPAR - 85 86 B RE: [CANSLIM] Real Time? Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info Re: [CANSLIM] Fw: Your big list Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info RE: [CANSLIM] IPAR - 85 86 B Re: [CANSLIM] IPAR - 85 86 B ---------------------------------------------------------------------- Date: Sat, 09 Jun 2001 22:32:09 -0600 From: esetser Subject: Re: [CANSLIM] ICON Breakout? Whoops, ICON PLC ADR is the company, and the symbol is ICLR. At 04:24 PM 6/9/01 -0700, you wrote: >bad symbol, did you typo? > >Kent > >--- esetser wrote: >> I'm looking through my list just now, and it looks >> to me like ICON broke >> out of a cup base on Friday on 2x ADV. Comments on >> this one??? >> >> - >__________________________________________________ >Do You Yahoo!? >Get personalized email addresses from Yahoo! Mail - only $35 >a year! http://personal.mail.yahoo.com/ > >- >-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: Sun, 10 Jun 2001 07:08:47 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ICON Breakout? Very sloppy looking cup. If you are treating the past two weeks as the handle, then the trend upward in the handle makes it more prone to failure. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: esetser To: Sent: Sunday, June 10, 2001 12:32 AM Subject: Re: [CANSLIM] ICON Breakout? Whoops, ICON PLC ADR is the company, and the symbol is ICLR. At 04:24 PM 6/9/01 -0700, you wrote: >bad symbol, did you typo? > >Kent > >--- esetser wrote: >> I'm looking through my list just now, and it looks >> to me like ICON broke >> out of a cup base on Friday on 2x ADV. Comments on >> this one??? >> >> - >__________________________________________________ >Do You Yahoo!? >Get personalized email addresses from Yahoo! Mail - only $35 >a year! http://personal.mail.yahoo.com/ > >- >-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. - - - -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: Sun, 10 Jun 2001 07:47:34 -0400 From: "Jonathan Lien" Subject: RE: [CANSLIM] IPAR - 85 86 B This is a multi-part message in MIME format. - ------=_NextPart_000_0003_01C0F181.9C8F0DF0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Tom, You are right. I do miss some great opportunties witch stocks trading under 250K. I just like to trade mid and large cap stocks. I like the stocks to be very liquid. Don't you have a minimum ADV? - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Saturday, June 09, 2001 11:50 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] IPAR - 85 86 B That seems awfully high a standard, and unnecessary unless you are buying 10 to 20 thousand shares at a time. With a standard like that, you never gave yourself a chance at even part of EPIQ's 480% gain in 14 months. Likewise on many, many other good CANSLIM stocks. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Jonathan Lien To: canslim@lists.xmission.com Sent: Saturday, June 09, 2001 6:16 PM Subject: RE: [CANSLIM] IPAR - 85 86 B I don't look at stocks will ADV less than 250K. What does WON have to say about minimum ADV? - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Friday, June 08, 2001 12:22 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] IPAR - 85 86 B Hi Ian, I dropped this one from my watch list a few weeks ago, just couldn't get up enough interest. And I don't trust the perfume industry, I have seen too many pure plays that were doing things "fast and loose", once it was revealed the stock price collapsed. I might point out, even tho I like management having a significant stake in the company, 84% is just too extreme. That is why average volume is so low (4,200) as the 11.6 million issue only has 1.8 million shares in the float. Valuations of shares of a subsidiary are often very subjective. Even where the subsidiary is publicly traded, a large holding is unlikely to be liquid at current market. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Friday, June 08, 2001 12:21 PM Subject: [CANSLIM] IPAR - 85 86 B Volume precludes this from being a full-blown CANSLIM stock. But their numbers, growth and outlook are CANSLIM. I noticed a volume alert on May 31 (I look for deltas in volume, not absolute volume level). They are also a value stock, as they own $155,000,000 in shares of their Parisian subsidiary, have $30,000,000 in cash and have a market cap around $165,000,000. (Some details in their latest Q PR: http://biz.yahoo.com/bw/010508/2758.html) I understand that this is definitely not for everyone, but I thought some might want to do some dd here. They are close to taking out their 52-week high, and volume/bid size is increasing today. The chart is less meaningful on something totally illiquid like this. Much more risk getting out than almost any other stock I know of. Ian - ------=_NextPart_000_0003_01C0F181.9C8F0DF0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Tom,
 
You are=20 right. I do miss some great opportunties witch stocks trading under = 250K. I just=20 like to trade mid and large cap stocks. I like the stocks to = be very=20 liquid.
 
Don't you=20 have a minimum ADV?
 
-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On=20 Behalf Of Tom Worley
Sent: Saturday, June 09, 2001 11:50=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 IPAR - 85 86 B

That seems awfully high a standard, and = unnecessary unless=20 you are buying 10 to 20 thousand shares at a time.
 
With a standard like that, you never gave yourself = a chance=20 at even part of EPIQ's 480% gain in 14 months. Likewise on many, many = other=20 good CANSLIM stocks.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Jonathan Lien
Sent: Saturday, June 09, 2001 = 6:16=20 PM
Subject: RE: [CANSLIM] IPAR - = 85 86=20 B

I don't=20 look at stocks will ADV less than 250K. What does WON have to say = about=20 minimum ADV?
-----Original Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lis= ts.xmission.com]=20 On Behalf Of Tom Worley
Sent: Friday, June 08, = 2001 12:22=20 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] IPAR - 85 86 B

Hi Ian,
 
I dropped this one from my watch list a few = weeks ago,=20 just couldn't get up enough interest. And I don't trust the = perfume=20 industry, I have seen too many pure plays that were doing things = "fast and=20 loose", once it was revealed the stock price = collapsed.
 
I might point out, even tho I like management = having a=20 significant stake in the company, 84% is just too extreme. That is = why=20 average volume is so low (4,200) as the 11.6 million issue only = has 1.8=20 million shares in the float.
 
Valuations of shares of a subsidiary are often = very=20 subjective. Even where the subsidiary is publicly traded, a large = holding=20 is unlikely to be liquid at current market.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Ian
To: canslim@lists.xmission.com= =20
Sent: Friday, June 08, = 2001 12:21=20 PM
Subject: [CANSLIM] IPAR - = 85 86=20 B

Volume precludes this from being a = full-blown CANSLIM=20 stock. But their numbers, growth and outlook are CANSLIM. I = noticed a=20 volume alert on May 31 (I look for deltas in volume, not = absolute volume=20 level).
 
They are also a value stock, as they own = $155,000,000=20 in shares of their Parisian subsidiary, have $30,000,000 in cash = and=20 have a market cap around $165,000,000. (Some details in = their=20 latest Q PR: http://biz.yahoo.com/bw= /010508/2758.html)
 
I understand that this is definitely not for = everyone,=20 but I thought some might want to do some dd here. They are close = to=20 taking out their 52-week high, and volume/bid size is increasing = today.
 
The chart is less meaningful on something = totally=20 illiquid like this. Much more risk getting out than almost any = other=20 stock I know of.
 
 
Ian
- ------=_NextPart_000_0003_01C0F181.9C8F0DF0-- - - - -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: Sun, 10 Jun 2001 08:07:00 -0400 From: "Jonathan Lien" Subject: RE: [CANSLIM] Real Time? Even when I am away from my desk, I can still access the Internet using my Pocket PC. A Pocket PC is like a Palm PDA, but much better. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of esetser Sent: Saturday, June 09, 2001 4:02 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Real Time? Yes, I can sometimes trade during hours and I like to check the action just after I get to work (about 30 minutes after open). As an engineer, I have a job with a computer and internet access. Then, I also travel, attend many meetings, and get involved in equipment testing. In these cases, I can't get to a computer for a day or more at a time, so it varies. At 09:08 PM 6/8/01 -0700, you wrote: >I'm confused as to the number of people who need real-time quotes, >trade actively during market hours, etc... > >As someone who has held down a full-time job for the past 14 years - >requiring me to be at work during the entire time the market is open >- I've never had a need for real time quotes because I couldn't act >on them anyway. I'm beginning to feel like a minority here. > >Would people be willing to volunteer if they are able to trade during >hours when the market is open - and if so, is it a function of a desk >job with a computer - or you have made the decision to make trading a >major source of your income. > >Thanks, > >Dave > > >===== >Dave Cameron >dfcameron@yahoo.com > - - - -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: Sun, 10 Jun 2001 07:21:43 -0500 From: "Norman" Subject: Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info I agree with Tom about the cup, lots of vol spikes in both directions. There was a recent short discussion about not wanting distribution days on the right side of the cup. I don't mind the ragged look of the cup too much but those distribution days..... And, could the cup be 5/18-5/30? Looks like the vol looks more like a cup in this time frame. Only 37.2K ADV, maybe this explains the vol spikes? In any case, the stock appears in this weeks Weekend Review in the print edition of IBD and is highly ranked (5/64., 94 94 A B B) in the Medical/Dental/Services group (group rank #10, #28 last Friday). And, it's RS line reached a new 52 wk high before the price did. Good enough for my watch list. Norm - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, June 10, 2001 6:08 AM Subject: Re: [CANSLIM] ICON Breakout? > Very sloppy looking cup. > > If you are treating the past two weeks as the handle, then the > trend upward in the handle makes it more prone to failure. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: esetser > To: > Sent: Sunday, June 10, 2001 12:32 AM > Subject: Re: [CANSLIM] ICON Breakout? > > > Whoops, ICON PLC ADR is the company, and the symbol is ICLR. > > At 04:24 PM 6/9/01 -0700, you wrote: > >bad symbol, did you typo? > > > >Kent > > > >--- esetser wrote: > >> I'm looking through my list just now, and it looks > >> to me like ICON broke > >> out of a cup base on Friday on 2x ADV. Comments on > >> this one??? > >> > >> - > >__________________________________________________ > >Do You Yahoo!? > >Get personalized email addresses from Yahoo! Mail - only $35 > >a year! http://personal.mail.yahoo.com/ > > > >- > >-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. > > > > - > -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: Sun, 10 Jun 2001 07:32:00 -0500 From: "Norman" Subject: Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info Oops, I meant to ask "Could the HANDLE be 5/18-5/30". norm - ----- Original Message ----- From: "Norman" To: Sent: Sunday, June 10, 2001 7:21 AM Subject: Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info > I agree with Tom about the cup, lots of vol spikes in both directions. > There was a recent short discussion about not wanting distribution days on > the right side of the cup. I don't mind the ragged look of the cup too much > but those distribution days..... And, could the cup be 5/18-5/30? Looks > like the vol looks more like a cup in this time frame. Only 37.2K ADV, > maybe this explains the vol spikes? In any case, the stock appears in this > weeks Weekend Review in the print edition of IBD and is highly ranked > (5/64., 94 94 A B B) in the Medical/Dental/Services group (group rank #10, > #28 last Friday). And, it's RS line reached a new 52 wk high before the > price did. Good enough for my watch list. > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Sunday, June 10, 2001 6:08 AM > Subject: Re: [CANSLIM] ICON Breakout? > > > > Very sloppy looking cup. > > > > If you are treating the past two weeks as the handle, then the > > trend upward in the handle makes it more prone to failure. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: esetser > > To: > > Sent: Sunday, June 10, 2001 12:32 AM > > Subject: Re: [CANSLIM] ICON Breakout? > > > > > > Whoops, ICON PLC ADR is the company, and the symbol is ICLR. > > > > At 04:24 PM 6/9/01 -0700, you wrote: > > >bad symbol, did you typo? > > > > > >Kent > > > > > >--- esetser wrote: > > >> I'm looking through my list just now, and it looks > > >> to me like ICON broke > > >> out of a cup base on Friday on 2x ADV. Comments on > > >> this one??? > > >> > > >> - > > >__________________________________________________ > > >Do You Yahoo!? > > >Get personalized email addresses from Yahoo! Mail - only $35 > > >a year! http://personal.mail.yahoo.com/ > > > > > >- > > >-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. > > > > > > > > - > > -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. > > - - - -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: Sun, 10 Jun 2001 09:19:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Fw: Your big list I am attempting to set up a new acct at hotmail, but getting errors suggesting their email server is down. If it works, then I will just forward any blocked emails there, and resend. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: can slim To: Sent: Saturday, June 09, 2001 3:18 PM Subject: Re: [CANSLIM] Fw: Your big list well tom: since your isp is blocked by several other isps, i will suggest you use other e-mail addresses by so many free services available. A few I know of are hotmail.com, yahoo.com, hotpop.com, sify.com, crosswinds.net offer e-mail services you can configure with the e-mail programs like outlook, outlook express, edora etc. You may find these superior to netside.net.. just my 3 cents (canadian). >From: "Tom Worley" >Reply-To: canslim@lists.xmission.com >To: "CANSLIM" >Subject: [CANSLIM] Fw: Your big list >Date: Thu, 7 Jun 2001 15:00:13 -0400 > >Sorry, Tim, looks like your ISP is another one blocking mine. > >Tom Worley >stkguru@netside.net >AIM: TexWorley > - - - -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: Sun, 10 Jun 2001 07:23:01 -0600 From: DougC Subject: Re: [CANSLIM] ICLR (ICON) Breakout? + IBD info This one got on my watch list this weekend. I agree the vol picture is not as would be preferable. The u/d is only .9. Shares outstanding are less than 12mil. DGO doesnt show the float but mgmt owns 53%. Is it possible that this low float and the fact that the co is based in Ireland have something to do with the way the stock is acting? Is it not getting good exposure? I'm not jumping in until I see a pullback from 30 to not lower than 26 over the next two weeks. This could coincide with a general market pullback. I'll be looking for a surge in vol. at the turn up from the pullback then will consider getting in before the actual b/o above 30. Or I might end up just going for something better. At 07:21 AM 6/10/01 -0500, you wrote: >I agree with Tom about the cup, lots of vol spikes in both directions. >There was a recent short discussion about not wanting distribution days on >the right side of the cup. I don't mind the ragged look of the cup too much >but those distribution days..... And, could the cup be 5/18-5/30? Looks >like the vol looks more like a cup in this time frame. Only 37.2K ADV, >maybe this explains the vol spikes? In any case, the stock appears in this >weeks Weekend Review in the print edition of IBD and is highly ranked >(5/64., 94 94 A B B) in the Medical/Dental/Services group (group rank #10, >#28 last Friday). And, it's RS line reached a new 52 wk high before the >price did. Good enough for my watch list. > >Norm >----- Original Message ----- >From: "Tom Worley" >To: >Sent: Sunday, June 10, 2001 6:08 AM >Subject: Re: [CANSLIM] ICON Breakout? > > > > Very sloppy looking cup. > > > > If you are treating the past two weeks as the handle, then the > > trend upward in the handle makes it more prone to failure. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: esetser > > To: > > Sent: Sunday, June 10, 2001 12:32 AM > > Subject: Re: [CANSLIM] ICON Breakout? > > > > > > Whoops, ICON PLC ADR is the company, and the symbol is ICLR. > > > > At 04:24 PM 6/9/01 -0700, you wrote: > > >bad symbol, did you typo? > > > > > >Kent > > > > > >--- esetser wrote: > > >> I'm looking through my list just now, and it looks > > >> to me like ICON broke > > >> out of a cup base on Friday on 2x ADV. Comments on > > >> this one??? > > >> > > >> - > > >__________________________________________________ > > >Do You Yahoo!? > > >Get personalized email addresses from Yahoo! Mail - only $35 > > >a year! http://personal.mail.yahoo.com/ > > > > > >- > > >-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. > > > > > > > > - > > -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. - - - -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: Sun, 10 Jun 2001 07:54:27 -0600 From: esetser Subject: RE: [CANSLIM] IPAR - 85 86 B Personally, I try to use an average daily volume in $. This allows me to look at the number of dollars traded each day and make sure the average is very large compared to my investment. I size all of my investments in $, so why would I use ADV in shares to pick a minimum size? I use $500K as an absolute minimum for screening purposes (if a stock is at $499K, it doesn't make my list) but prefer stocks at least 2-3 times higher in average trading. As far as WON, he suggests a minimum number of shares to make sure a stock is liquid enough for funds to get interested. I think I've seen a couple of different numbers for this. Here is an answer from Ask Bill O'Neil: Q - "You advise to avoid stocks with average daily volume of less than 200,000 shares. Yet, a majority of the stocks in a recent 'Stocks In The News' didn't meet this criterion. Why were these stocks highlighted? " A - Good question. Over the last few years, we've been in a market that favored big caps over small caps. Over the last few months, the market has started to favor small caps. Due to this shift, it is OK to buy a stock that trades fewer than 200,000 shares average daily volume, as long as the base is sound and the fundamentals are strong. Keep in mind that such stocks tend to be more volatile and that many institutions will shy away from such stocks because they cannot buy adequate amounts of shares. Also note that slippage will be more of a factor when buying thin names. By slippage we mean the amount the price slips when you buy or sell. If you are buying 5,000 shares of a stock that trades 100,000 shares a day, you may find the price slips 1%-2% as you try to buy or sell your position. > ----- Original Message ----- From: Jonathan Lien To: >canslim@lists.xmission.com Sent: Saturday, June 09, 2001 6:16 > PM Subject: RE: [CANSLIM] IPAR - 85 86 B > I don't look at stocks will ADV less than 250K. What does WON >have to say about minimum ADV? - - - -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: Sun, 10 Jun 2001 07:17:34 -0700 From: "Ian" Subject: Re: [CANSLIM] IPAR - 85 86 B This is a multi-part message in MIME format. - ------=_NextPart_000_0082_01C0F17D.6B8CCED0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageYou've got that right. I don't think that I have ever started = buying a stock with a 3-month 250k ADV. Personally, I think that = guarantees that you miss out on the first 100-150% gains of most stocks = basing in the $11-$15 range - where nearly all of my big gains/winners = have come from.=20 I am far more concerned with a sustained delta in trading volume than = ADV. IMHO, a fundamental CANSLIM stock that goes from 20,000 ADV to = 80,000 ADV coming out of a good base is a dream candiate. Since I am = typically only buying 4000 - 8000 share positions, this is enough = liquidity for me. Cheers, Ian ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, June 09, 2001 8:50 PM Subject: Re: [CANSLIM] IPAR - 85 86 B That seems awfully high a standard, and unnecessary unless you are = buying 10 to 20 thousand shares at a time. With a standard like that, you never gave yourself a chance at even = part of EPIQ's 480% gain in 14 months. Likewise on many, many other good = CANSLIM stocks. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Jonathan Lien=20 To: canslim@lists.xmission.com=20 Sent: Saturday, June 09, 2001 6:16 PM Subject: RE: [CANSLIM] IPAR - 85 86 B I don't look at stocks will ADV less than 250K. What does WON have = to say about minimum ADV? -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Friday, June 08, 2001 12:22 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] IPAR - 85 86 B Hi Ian, I dropped this one from my watch list a few weeks ago, just = couldn't get up enough interest. And I don't trust the perfume industry, = I have seen too many pure plays that were doing things "fast and loose", = once it was revealed the stock price collapsed. I might point out, even tho I like management having a significant = stake in the company, 84% is just too extreme. That is why average = volume is so low (4,200) as the 11.6 million issue only has 1.8 million = shares in the float. Valuations of shares of a subsidiary are often very subjective. = Even where the subsidiary is publicly traded, a large holding is = unlikely to be liquid at current market. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Friday, June 08, 2001 12:21 PM Subject: [CANSLIM] IPAR - 85 86 B Volume precludes this from being a full-blown CANSLIM stock. But = their numbers, growth and outlook are CANSLIM. I noticed a volume alert = on May 31 (I look for deltas in volume, not absolute volume level). They are also a value stock, as they own $155,000,000 in shares = of their Parisian subsidiary, have $30,000,000 in cash and have a market = cap around $165,000,000. (Some details in their latest Q PR: = http://biz.yahoo.com/bw/010508/2758.html) I understand that this is definitely not for everyone, but I = thought some might want to do some dd here. They are close to taking out = their 52-week high, and volume/bid size is increasing today. The chart is less meaningful on something totally illiquid like = this. Much more risk getting out than almost any other stock I know of. Ian - ------=_NextPart_000_0082_01C0F17D.6B8CCED0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
You've got that right. I don't think that I have = ever started=20 buying a stock with a 3-month 250k ADV.  Personally, I think that=20 guarantees that you miss out on the first 100-150% gains of most stocks = basing=20 in the $11-$15 range - where nearly all of my big gains/winners have = come from.=20
 
I am far more concerned with a sustained delta in = trading=20 volume than ADV. IMHO, a fundamental CANSLIM stock that goes from = 20,000=20 ADV to 80,000 ADV coming out of a good base is a dream candiate. Since I = am=20 typically only buying 4000 - 8000 share positions, this is enough = liquidity for=20 me.
 
Cheers,
 
Ian
 
 
----- Original Message -----
From:=20 Tom = Worley=20
To: canslim@lists.xmission.com =
Sent: Saturday, June 09, 2001 = 8:50=20 PM
Subject: Re: [CANSLIM] IPAR - = 85 86=20 B

That seems awfully high a standard, and = unnecessary unless=20 you are buying 10 to 20 thousand shares at a time.
 
With a standard like that, you never gave yourself = a chance=20 at even part of EPIQ's 480% gain in 14 months. Likewise on many, many = other=20 good CANSLIM stocks.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Jonathan Lien
To: canslim@lists.xmission.com =
Sent: Saturday, June 09, 2001 = 6:16=20 PM
Subject: RE: [CANSLIM] IPAR - = 85 86=20 B

I don't=20 look at stocks will ADV less than 250K. What does WON have to say = about=20 minimum ADV?
-----Original Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lis= ts.xmission.com]=20 On Behalf Of Tom Worley
Sent: Friday, June 08, = 2001 12:22=20 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] IPAR - 85 86 B

Hi Ian,
 
I dropped this one from my watch list a few = weeks ago,=20 just couldn't get up enough interest. And I don't trust the = perfume=20 industry, I have seen too many pure plays that were doing things = "fast and=20 loose", once it was revealed the stock price = collapsed.
 
I might point out, even tho I like management = having a=20 significant stake in the company, 84% is just too extreme. That is = why=20 average volume is so low (4,200) as the 11.6 million issue only = has 1.8=20 million shares in the float.
 
Valuations of shares of a subsidiary are often = very=20 subjective. Even where the subsidiary is publicly traded, a large = holding=20 is unlikely to be liquid at current market.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Ian
To: canslim@lists.xmission.com
Sent: Friday, June 08, = 2001 12:21=20 PM
Subject: [CANSLIM] IPAR - = 85 86=20 B

Volume precludes this from being a = full-blown CANSLIM=20 stock. But their numbers, growth and outlook are CANSLIM. I = noticed a=20 volume alert on May 31 (I look for deltas in volume, not = absolute volume=20 level).
 
They are also a value stock, as they own = $155,000,000=20 in shares of their Parisian subsidiary, have $30,000,000 in cash = and=20 have a market cap around $165,000,000. (Some details in = their=20 latest Q PR: http://biz.yahoo.com/bw= /010508/2758.html)
 
I understand that this is definitely not for = everyone,=20 but I thought some might want to do some dd here. They are close = to=20 taking out their 52-week high, and volume/bid size is increasing = today.
 
The chart is less meaningful on something = totally=20 illiquid like this. Much more risk getting out than almost any = other=20 stock I know of.
 
 
Ian
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