From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #149 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Tuesday, March 17 1998 Volume 02 : Number 149 In this issue: Re: [CANSLIM] WCOM Re: [CANSLIM] WCOM RE: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Re: [CANSLIM] WCOM RE: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) [CANSLIM] EPIQ was this the start of a breakout or something else.... Re: [CANSLIM] WCOM Re: [CANSLIM] WCOM Re: [CANSLIM] WCOM Re: [CANSLIM] EPIQ was this the start of a breakout or something else.... Re: [CANSLIM] WCOM Re: [CANSLIM] EESI Re: [CANSLIM] WCOM Re: [CANSLIM] EESI Re: [CANSLIM] EESI [CANSLIM] Technical Questions Re: [CANSLIM] EPIQ - Who bought today? Re: [CANSLIM] WCOM [CANSLIM] Re: Volume? [CANSLIM] Screen Results Re: [CANSLIM] Re: Volume? [CANSLIM] off topic question [CANSLIM] Economic Calendar week of March 16, 1998; "M" [CANSLIM] Fw: Finance - Full Closing Bell @ 03/16/98 (1 stories) Re: [CANSLIM] WCOM ---------------------------------------------------------------------- Date: Mon, 16 Mar 1998 11:02:54 -0800 From: Tim Fisher Subject: Re: [CANSLIM] WCOM Unfortunately they are nowhere near a CANSLIM stock. Let's try to limit the discussion to possible CANSLIM picks. How about these: THRX - Split announced (2:1 on 4/15), up 5 on 3x ADV RXSD - News release re: explosive growth, +1-1/8 on 0.8 ADV puts them fractions from another new high COO - someone saw something they didn't like in the SEC 10-Q filing, off 1-7/16 on 1.75x ADV At 09:58 AM 3/16/98 -0800, you wrote: > WCOM is breaking out as I right this on two times ADV. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Mon, 16 Mar 1998 11:39:45 -0800 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] WCOM Correct to some extent. EPS Rank is only 6 (WCOM took a beating earnings wise last year, nevertheles stock price appreciated substantially), RS is a fairly healthy 78. GRS is 99, however. U/D ratio is 2.3, funds only own 19% of shares. Looking at earnings estimates for the next two years, earnings are expected to grow over 100% annually. Debt is zero. But what I like most about the stock is it's chart pattern. I see a cup from October to February, with a nice handle for the last 5-6 weeks. Also, this company has been an outstanding performer for the past several years. Basically, my read is that this is an excellent large cap growth stock in an outstanding industry, whose earnings are about to turn around, and which has just come out of what loks like a cup and handle pattern on tremendous volume. That's why I bought some this morning. We'll see what happens. BTW, you are right - this is a CANSLIM list. Personally, I am not fond of LLUR stocks. But I appreciate everyone's input because it keeps me on top of the markets, and I continue to learn from this list. Please be careful of the tone of your responses. - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Monday, March 16, 1998 11:03 AM Subject: Re: [CANSLIM] WCOM >Unfortunately they are nowhere near a CANSLIM stock. Let's try to limit the >discussion to possible CANSLIM picks. How about these: > >THRX - Split announced (2:1 on 4/15), up 5 on 3x ADV >RXSD - News release re: explosive growth, +1-1/8 on 0.8 ADV puts them >fractions from another new high >COO - someone saw something they didn't like in the SEC 10-Q filing, off >1-7/16 on 1.75x ADV > >At 09:58 AM 3/16/98 -0800, you wrote: >> WCOM is breaking out as I right this on two times ADV. > > >Tim Fisher / tfish@spiritone.com >Ore-Rock-On and Pacific Fishery Biologists WWW Sites: >http://www.spiritone.com/~tfish >See naked fish and rocks! > >- > > - - ------------------------------ Date: Mon, 16 Mar 1998 11:41:18 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Over what period of time would you be counting the four days of distribution? Does this seem right to you: last week, DJ30 had 4 bad days, NYSE 0, S&P500 1, and Nasdaq 2? Looking at the Dow, I should be really worried. I know WON likes to use the Dow to look for distribution days, but it seems to not be agreeing very well with the larger indices. It didn't agree that the market had turned up on 1/16 either. Mike On Sunday, March 08, 1998 7:30 AM, Johan Van Houtven [SMTP:Johan.VanHoutven@ping.be] wrote: > Tim wrote: > > >IMHO you should let your stops do the selling for you. > > Partly. > > You should also look at what the market is telling you. > > O' Neil says you should sell 1 or 2 of your stocks, the worst performing > ones, after you notice a few days (4) of distribution. You'd then be approx > 20 to 25% in cash. Then sell another stock after the first rally failure. Etc. > > Ref: Craig Griffin's excellent post: "Reading a Mkt Downtrend (O'Neil's > Chart). > > IMO we have had a few days of distribution on the NASDAQ lately. So one > should be 20 to 25% in cash now. > > >You missed a nice run > >on Friday during which I and I suspect many others erased the losses of the > >prior week. I had one of the top 10 days since I started investing in stocks. > > See email. I did not sell on Thursday as you assumed. I sold near market > close Friday. Still own 50% op my position in my best performing stocks. > > BTW, did anyone study the market top in October 1997? > > It gave only 2 sell signals before the low was put in. First you had a few > days of distribution near the top. That would be the first sell signal. > Then you had a rally failure on the 3rd (or 4th) day of the attempted > ralley. That constitutes the second sell signal per O'Neil's technique. > After that the low was put in, and your stops should have saved your butt. > There were no 3rd or 4rd sell signals as described in the May/June 1997 > example. > > 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, ... ? > > > > > > > > - - ------------------------------ Date: Mon, 16 Mar 1998 12:23:37 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] WCOM I think THRX is too extended from its base. I would wait for THRX to consolidate before picking it up. Of course it might keep going up some more without consolidating. WCOM on the other hand is just breaking out. Anindo > > Unfortunately they are nowhere near a CANSLIM stock. Let's try to limit the > discussion to possible CANSLIM picks. How about these: > > THRX - Split announced (2:1 on 4/15), up 5 on 3x ADV > RXSD - News release re: explosive growth, +1-1/8 on 0.8 ADV puts them > fractions from another new high > COO - someone saw something they didn't like in the SEC 10-Q filing, off > 1-7/16 on 1.75x ADV > > At 09:58 AM 3/16/98 -0800, you wrote: > > WCOM is breaking out as I right this on two times ADV. > > > Tim Fisher / tfish@spiritone.com > Ore-Rock-On and Pacific Fishery Biologists WWW Sites: > http://www.spiritone.com/~tfish > See naked fish and rocks! > > - > > - - ------------------------------ Date: Mon, 16 Mar 1998 21:26:33 +0100 From: Johan Van Houtven Subject: RE: [CANSLIM] Selling: Stops & Comments about the Market (was: Question about SPF) Mike, You wrote: >Over what period of time would you be counting the four days of >distribution? Does this seem right to you: last week, DJ30 had 4 bad days, >NYSE 0, S&P500 1, and Nasdaq 2? Looking at the Dow, I should be really >worried. I'm not worrying anymore. We have been going up (NASDAQ) for a few days now, and today we will probably have a 1% up day (at least on the DJIA). Hopefully volume is bigger that previous market day. We'll start counting again later, when necessary. :) - - ------------------------------ Date: Mon, 16 Mar 1998 15:52:53 -0500 From: "Bud Barton" Subject: [CANSLIM] EPIQ was this the start of a breakout or something else.... This is a multi-part message in MIME format. - ------=_NextPart_000_0028_01BD50F3.946D2DA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Would some of the Veterans please explain how they view todays action in = EPIQ. Is it now extended from 14.5? Where is the pivot point? If it = is still a viable candidate for new positions then under what = conditions? When a stock we are following breaks out how do you place the order? a = limit order or market if the spread is close? - ------=_NextPart_000_0028_01BD50F3.946D2DA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Would some of the Veterans please explain how they = view todays=20 action in EPIQ.  Is it now extended from 14.5?  Where is the = pivot=20 point?  If it is still a viable candidate for new positions then = under what=20 conditions?
 
When a stock we are following breaks out how do you = place the=20 order?  a limit order or market if the spread is=20 close?
- ------=_NextPart_000_0028_01BD50F3.946D2DA0-- - - ------------------------------ Date: Mon, 16 Mar 1998 13:23:46 -0800 From: Tim Fisher Subject: Re: [CANSLIM] WCOM No "tone" was intended. WCOM clearly does not qualify as a CANSLIM stock even under a liberal interpretation of HTMMIS because 1) the long term and last 2 quarters EPS are not anywhere near 18%+ growth (lost over a billion last year!) and 2) the 900M shares out and 34B market cap clearly put it out of the range of any stocks discussed in HTMMIS. All that I mentioned in my post, including all LLURs that I have mentioned in the past, _do_ qualify as CANSLIM stocks under a moderately strict interpretation of HTMMIS. So I stand by my request, that obviously _not_ CANSLIM stocks be discussed somewhere esle. P.S. GART, UVSGA, and SFSK moving again (finally) although on relatively light volume. EPS At 11:39 AM 3/16/98 -0800, you wrote: >Correct to some extent. EPS Rank is only 6 (WCOM took a beating earnings >wise last year, nevertheles stock price appreciated substantially), RS is a >fairly healthy 78. GRS is 99, however. U/D ratio is 2.3, funds only own >19% of shares. Looking at earnings estimates for the next two years, >earnings are expected to grow over 100% annually. Debt is zero. But what I >like most about the stock is it's chart pattern. I see a cup from October >to February, with a nice handle for the last 5-6 weeks. Also, this company >has been an outstanding performer for the past several years. Basically, my >read is that this is an excellent large cap growth stock in an outstanding >industry, whose earnings are about to turn around, and which has just come >out of what loks like a cup and handle pattern on tremendous volume. That's >why I bought some this morning. We'll see what happens. > >BTW, you are right - this is a CANSLIM list. Personally, I am not fond of >LLUR stocks. But I appreciate everyone's input because it keeps me on top >of the markets, and I continue to learn from this list. Please be careful >of the tone of your responses. > >-----Original Message----- >From: Tim Fisher >To: canslim@lists.xmission.com >Date: Monday, March 16, 1998 11:03 AM >Subject: Re: [CANSLIM] WCOM > > >>Unfortunately they are nowhere near a CANSLIM stock. Let's try to limit the >>discussion to possible CANSLIM picks. How about these: >> >>THRX - Split announced (2:1 on 4/15), up 5 on 3x ADV >>RXSD - News release re: explosive growth, +1-1/8 on 0.8 ADV puts them >>fractions from another new high >>COO - someone saw something they didn't like in the SEC 10-Q filing, off >>1-7/16 on 1.75x ADV >> >>At 09:58 AM 3/16/98 -0800, you wrote: >>> WCOM is breaking out as I right this on two times ADV. >> Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Mon, 16 Mar 1998 13:35:23 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] WCOM WCOM won't have earnings for some time. Currently they are spending all their money in aquisitions, buildout of the network infrastructure. By the time they actually start showing earnings it might be too late to get into the stock. Look at stocks like YHOO, AMZN and the valuations they are trading now , all on the premise of future earnings growth. If you wait around for these companies to display earnings you are missing the major part of the runup. Anindo > > No "tone" was intended. WCOM clearly does not qualify as a CANSLIM stock > even under a liberal interpretation of HTMMIS because 1) the long term and > last 2 quarters EPS are not anywhere near 18%+ growth (lost over a billion > last year!) and 2) the 900M shares out and 34B market cap clearly put it > out of the range of any stocks discussed in HTMMIS. All that I mentioned in > my post, including all LLURs that I have mentioned in the past, _do_ > qualify as CANSLIM stocks under a moderately strict interpretation of > HTMMIS. So I stand by my request, that obviously _not_ CANSLIM stocks be > discussed somewhere esle. > > P.S. GART, UVSGA, and SFSK moving again (finally) although on relatively > light volume. > > EPS At 11:39 AM 3/16/98 -0800, you wrote: > >Correct to some extent. EPS Rank is only 6 (WCOM took a beating earnings > >wise last year, nevertheles stock price appreciated substantially), RS is a > >fairly healthy 78. GRS is 99, however. U/D ratio is 2.3, funds only own > >19% of shares. Looking at earnings estimates for the next two years, > >earnings are expected to grow over 100% annually. Debt is zero. But what I > >like most about the stock is it's chart pattern. I see a cup from October > >to February, with a nice handle for the last 5-6 weeks. Also, this company > >has been an outstanding performer for the past several years. Basically, my > >read is that this is an excellent large cap growth stock in an outstanding > >industry, whose earnings are about to turn around, and which has just come > >out of what loks like a cup and handle pattern on tremendous volume. That's > >why I bought some this morning. We'll see what happens. > > > >BTW, you are right - this is a CANSLIM list. Personally, I am not fond of > >LLUR stocks. But I appreciate everyone's input because it keeps me on top > >of the markets, and I continue to learn from this list. Please be careful > >of the tone of your responses. > > > >-----Original Message----- > >From: Tim Fisher > >To: canslim@lists.xmission.com > >Date: Monday, March 16, 1998 11:03 AM > >Subject: Re: [CANSLIM] WCOM > > > > > >>Unfortunately they are nowhere near a CANSLIM stock. Let's try to limit the > >>discussion to possible CANSLIM picks. How about these: > >> > >>THRX - Split announced (2:1 on 4/15), up 5 on 3x ADV > >>RXSD - News release re: explosive growth, +1-1/8 on 0.8 ADV puts them > >>fractions from another new high > >>COO - someone saw something they didn't like in the SEC 10-Q filing, off > >>1-7/16 on 1.75x ADV > >> > >>At 09:58 AM 3/16/98 -0800, you wrote: > >>> WCOM is breaking out as I right this on two times ADV. > >> > > Tim Fisher / tfish@spiritone.com > Ore-Rock-On and Pacific Fishery Biologists WWW Sites: > http://www.spiritone.com/~tfish > See naked fish and rocks! > > - > > - - ------------------------------ Date: Mon, 16 Mar 1998 18:48:36 EST From: DCSquires Subject: Re: [CANSLIM] WCOM In a message dated 98-03-16 16:24:50 EST, you write: << 2) the 900M shares out and 34B market cap clearly put it out of the range of any stocks discussed in HTMMIS >> These conflicts happen all the time and the only solution is for WON to stop touring the country trying to sell papers and update his book. In the seminars I have been to he has back tracked on the "S" somewhat. Last year when he was touting CIEN he caught all kinds of flack from hardcore CS'ers. In the Atlanta seminar he actually said that in the age of huge mutual funds "S" has become less important. The funny thing is, he went through the usual CS definitions and then showed four examples. Two of the four were DELL(652mill ) and HBOC(210mill). This just leds me to believe that he is more of a momentum player( some one on the AOL CS board that gets WON's institutional service said they were recomending RMBS( pure momentum, IMHO) before it had any earnings) then he will ever admit or maybe he is just trying to update his book through the seminars? No "tone" intended here just a comment. DSquires - - ------------------------------ Date: Mon, 16 Mar 1998 18:51:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] EPIQ was this the start of a breakout or something else.... Bud, the base had been shaping up very nicely along the 15 line, and I would consider that to be the basic support level, with some addl support back down to the low 14 level. I missed it again, with it up already at the open. Only the next several days will determine if it is the start of a new run or just an attempted rally that may go nowhere. However, today's vol was nearly 2X ADV, and heaviest in the past nine trading days. 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: Bud Barton To: canslim Date: Monday, March 16, 1998 3:52 PM Subject: [CANSLIM] EPIQ was this the start of a breakout or something else.... Would some of the Veterans please explain how they view todays action in EPIQ. Is it now extended from 14.5? Where is the pivot point? If it is still a viable candidate for new positions then under what conditions? When a stock we are following breaks out how do you place the order? a limit order or market if the spread is close? - - ------------------------------ Date: Mon, 16 Mar 1998 18:58:34 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] WCOM If I could make a suggestion, I personally don't have a problem with the occasional stock being mentioned that doesn't fully meet all seven elements, plus the chart, of CANSLIM. But for those attempting to only consider those stocks that do fully meet CANSLIM, it would help to point out the CANSLIM deficiencies in the post. I agree with all the comments, including Tim's, that WCOM is not fully "on topic". However, certain of the CANSLIM criteria were applied, and frankly in the Telecom industry it's tough to find any stock that will meet the EPS requirements, just as with the internet groups of stocks. 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: Robert Venchiarutti To: canslim@lists.xmission.com Date: Monday, March 16, 1998 2:38 PM Subject: Re: [CANSLIM] WCOM >Correct to some extent. EPS Rank is only 6 (WCOM took a beating earnings >wise last year, nevertheles stock price appreciated substantially), RS is a >fairly healthy 78. GRS is 99, however. U/D ratio is 2.3, funds only own >19% of shares. Looking at earnings estimates for the next two years, >earnings are expected to grow over 100% annually. Debt is zero. But what I >like most about the stock is it's chart pattern. I see a cup from - - ------------------------------ Date: Mon, 16 Mar 1998 19:29:36 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] EESI The inconsistency between revenues and earnings bothers me. Example: Q4 they earned 14 cents on 18.1 mil in rev, Q1 this year they earned 12 cents on 38.9 mil, and Q2 they earned 15 cents on 39.1 mil revenues. Hard to know what to expect in Q3, where they will be comparing to 14 cents and 20.2 mil in rev. Addl CS stuff: EPS 70, RS 88 (not in top 5), projected PE over 40 even with a forecast of 65 cents (up 51%), while trailing PE is 48, u/d is 1.2, GRS 49. 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: DCSquires To: canslim@lists.xmission.com Date: Monday, March 16, 1998 9:54 AM Subject: [CANSLIM] EESI >Hi all, > >EESI is a stock I own that appears to be coming out of a nice long base today. >This stock is in the pollution control group, which has purked up with the >recent consolidation. > >DSquires > >- > - - ------------------------------ Date: Mon, 16 Mar 1998 17:45:37 -0800 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] WCOM I shall make best efforts in the future, as I have in the past, to point out all favorable or unfavorable CANSLIM characteristics in my posts. This morning, I didn't have the time. Just wanted to alert anyone interested to the breakout. I am curious, however, about how others interpret the chart pattern. EPS rank aside, I feel that this stock meets all other CANSLIM characteristics. (I'm only giving my interpretation of the numbers for better or for worse, and do not claim to be right in my analysis.) But I must admit, the primary reason I bought this stock was the chart pattern, which, as I explained in my earlier post, looked like a nice cup and handle. Tom, when you say WCOM didn't meet all CANSLIM elements, are you referring to the EPS deficiency and # of shares outstanding, or are you including the chart pattern. I am keenly interested in this subject, and welcome any comments. Finally, we have many people who post to this list regularly who do not follow or apply CANSLIM rigidly, or at all for that matter. But I think this is a great list becuase I continue to learn from it. This is due to of the diversity and quality of opinion, but in no small measure, it is also due to the civility of the discourse. I do not intend to irritate or offend anyone with my posts, but if you will permit, I will continue to post occasionally with stocks I feel meet CANSLIM criteria. - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Monday, March 16, 1998 4:05 PM Subject: Re: [CANSLIM] WCOM >If I could make a suggestion, I personally don't have a problem with the >occasional stock being mentioned that doesn't fully meet all seven elements, >plus the chart, of CANSLIM. But for those attempting to only consider those >stocks that do fully meet CANSLIM, it would help to point out the CANSLIM >deficiencies in the post. I agree with all the comments, including Tim's, >that WCOM is not fully "on topic". However, certain of the CANSLIM criteria >were applied, and frankly in the Telecom industry it's tough to find any >stock that will meet the EPS requirements, just as with the internet groups >of stocks. > >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: Robert Venchiarutti >To: canslim@lists.xmission.com >Date: Monday, March 16, 1998 2:38 PM >Subject: Re: [CANSLIM] WCOM > > >>Correct to some extent. EPS Rank is only 6 (WCOM took a beating earnings >>wise last year, nevertheles stock price appreciated substantially), RS is a >>fairly healthy 78. GRS is 99, however. U/D ratio is 2.3, funds only own >>19% of shares. Looking at earnings estimates for the next two years, >>earnings are expected to grow over 100% annually. Debt is zero. But what >I >>like most about the stock is it's chart pattern. I see a cup from > > >- > > - - ------------------------------ Date: Mon, 16 Mar 1998 20:50:33 EST From: DCSquires Subject: Re: [CANSLIM] EESI In a message dated 98-03-16 19:34:36 EST, you write: << The inconsistency between revenues and earnings bothers me. Example: Q4 they earned 14 cents on 18.1 mil in rev, Q1 this year they earned 12 cents on 38.9 mil, and Q2 they earned 15 cents on 39.1 mil revenues. Hard to know what to expect in Q3, where they will be comparing to 14 cents and 20.2 mil in rev. >> I hear all the way on this. I - - ------------------------------ Date: Mon, 16 Mar 1998 21:02:28 EST From: DCSquires Subject: Re: [CANSLIM] EESI In a message dated 98-03-16 19:34:36 EST, you write: << The inconsistency between revenues and earnings bothers me. Example: Q4 they earned 14 cents on 18.1 mil in rev, Q1 this year they earned 12 cents on 38.9 mil, and Q2 they earned 15 cents on 39.1 mil revenues. Hard to know what to expect in Q3, where they will be comparing to 14 cents and 20.2 mil in rev. >> Sorry about that last e-mail. I must admit that I am more of a chartist than a fundementalist. For me, EESI falls into WON's "nail a few down as you go along" comments as I am only looking for 15-25 % on these type of trades, which is usually not that difficult to achieve with a valid breakout. I don't really like how the stock traded today to either. It has had considerable selling presure at the new high and I was hoping this move to actual new high ground would reverse this problem but that did not occur today. If it falls back into its base I will move on. DSquires - - ------------------------------ Date: Mon, 16 Mar 1998 21:41:51 -0500 From: "James Adams" Subject: [CANSLIM] Technical Questions I'm building a CANSLIM screen for the Microsoft Investor screening utility. I would like some suggestions from some here on what criteria would be desired for the following items: Price to Book Price to Sales Price to Cash Flow Liquidity Ratio Interest Coverage Leverage Ratio Short Interest Ratio Short Interest Shares TIA James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Mon, 16 Mar 1998 18:59:13 -0800 From: " Richard T." Subject: Re: [CANSLIM] EPIQ - Who bought today? This is a multi-part message in MIME format. - ------=_NextPart_000_008D_01BD510D.9C3537C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I bought Thur. @ 14 3/4. Go baby go! - ------=_NextPart_000_008D_01BD510D.9C3537C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I bought Thur. @ 14 3/4. Go baby=20 go!
- ------=_NextPart_000_008D_01BD510D.9C3537C0-- - - ------------------------------ Date: Mon, 16 Mar 1998 19:13:14 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] WCOM > From: "Robert Venchiarutti" > To: > I am curious, however, about how others interpret the chart pattern. EPS > rank aside, I feel that this stock meets all other CANSLIM characteristics. > (I'm only giving my interpretation of the numbers for better or for worse, > and do not claim to be right in my analysis.) But I must admit, the > primary reason I bought this stock was the chart pattern, which, as I > explained in my earlier post, looked like a nice cup and handle. Tom, when Just looked at the chart, it does look as you say, like a cup and handle, just the sort of chart pattern we should all be looking for. Take a look at SDII, looks quite similar, it also spiked up today. - - ------------------------------ Date: Mon, 16 Mar 1998 22:28:35 EST From: DCSquires Subject: [CANSLIM] Re: Volume? Hi all, Is anyone disturbed by the lack of decisive volume on the Naz and NYSE today. IMO, the Naz should have hit new highs on 800+ and the NYSE should confirm with 650+. To me this has been a forced rally all along, mainly because the new high/ new low list has not responded like it does with a really broad bull and what seems like off and on distribution on the way up. Anyone? DSquires - - ------------------------------ Date: Mon, 16 Mar 1998 22:02:08 -0500 From: "James Adams" Subject: [CANSLIM] Screen Results I ran the following criteria thru the MS Investor Screen: 1) Earnings Estimates Increased in the last 30days 2) Proj EPS for Next Year >25% 3) EPS Growth YTD >25% 4) EPS Growth Qtr to Qtr >25% 5) ROE >10% 6) Current Price < $20.00 I then checked these with today's IBD looking for EPS>90 REL>90 A/D A or B I ended up with these as the top four: IMRS Information Mgmt Re SAVLY Saville Sys PLC SFSK Safeskin Corp JDAS JDA Software Grp Any comments appreciated greatly about the screen and any of the stocks. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Mon, 16 Mar 1998 20:01:06 -0800 (PST) From: Chip Anderson Subject: Re: [CANSLIM] Re: Volume? On our "Market Internals" page - http://coolhistory.com/ChipsCharts/CCInternals.html, you can see a six-month chart of both the NYSE and the NASDAQ Advance-Decline lines. The NASDAQ's A-D line has not been confirming the index's price action for quite some time now. Chip - ---DCSquires wrote: > > Hi all, > > Is anyone disturbed by the lack of decisive volume on the Naz and NYSE today. > IMO, the Naz should have hit new highs on 800+ and the NYSE should confirm > with 650+. To me this has been a forced rally all along, mainly because the > new high/ new low list has not responded like it does with a really broad bull > and what seems like off and on distribution on the way up. Anyone? > > DSquires > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 16 Mar 1998 21:37:38 -0800 From: "Patrick Wahl" Subject: [CANSLIM] off topic question Has anyone had any success using the setups from the book "Hit & Run Trading" by Jeff Cooper? I've programmed a few in the Metastock Explorer, but so far don't know how they pan out. - - ------------------------------ Date: Tue, 17 Mar 1998 06:37:35 -0500 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar week of March 16, 1998; "M" TUESDAY Housing Starts, for Feb, last was 1.53 million, estimate for 1.56 mil Industrial Production, for Feb, last was no change and the same is expected (see further comments below) THURSDAY Consumer Prices, for Feb, last was no change, expected is up 0.1%. I am expecting this number to be 0.2 or even 0.3% considering the core nrs on the PPI and some other trends I have been seeing. Trade Balance, for Jan, last was a minus $10.8 billion, estimate for a further decline to 11.5 billion (keep in mind this report for January, I expect the Feb report due out in a month to show a much stronger drop due to the Asian economy). Initial Jobless Claims, for week to 3/14, last was 298,000, estimate is to grow to 305,000, however lately we have not been seeing the predicted increases, so don't be surprised by a lower nr. Money Supply (M2), for week to 3/9, last was up $9.7 billion, estimate for a drop of $2.0 billion. M2 has been steadily growing, and lately there has been some chatter about the Feds needing to raise short term lending rates to slow this growth. Any results in the low single digits, or better still to the negative, is a benefit right now (at least to the degree that I have ever comprehended M1, M2 and M3). FRIDAY Treasury Budget Balance, for Feb, last was minus $44.0 billion, estimate for minus $40.0 billion. On the Industrial Production (IP) report due out today and its associated report on Industrial Capacity Utilization (CU): This report is important in several respects. First the IP/CU nrs have been at traditional inflation causing levels for longer than I can now remember, yet without creating inflation. Second, despite increasing inventory and the slowing of the Asian economy, this report has stayed at very high nrs. Third, a slowing in this arena could translate into layoffs and a loosening of the "tight labor market". That none of these things have yet happened is being credited to continued, and increased, consumer demand along with low interest rates, increased affluence from stock mkt profits, high employment, productivity, and continued low inflation. What hasn't been factored into the market is the human psychology factor if industrial production starts slowing sharply and leads to significant layoffs and increased jobless claims and overall unemployment. Job insecurity may increase, and help slow some of the recent creep in labor costs. However, the personal economic confidence factor may also slow the cash flow into mutual funds. Major purchases, such as houses and cars, may also slow, with a further ripple effect in the economy. No, I am not anticipating a recession, the economy and its related factors are just too strong and healthy. Nor do I believe that any slowdown of the economy will last for long. But with the mkts setting new highs on virtually a daily basis with no news and despite some important earnings disappointments, I do believe if the IP/CU nrs drop significantly, we may begin to see several months of turmoil in the mkt. Below are the comparisons for the past three months results: FEB JAN DEC NOV IP (est) unch +0.4% +0.6% +0.5% IP (actual) ?? unch +0.4% +0.7% CU (est) 82.8% 83.6% 83.4% 83.1% CU (actual) ?? 83.0% 83.3% 83.2% Note that in November the analysts were on the low side, while in both Dec and Jan they were on the high side. The forecasted drops for Feb in both reports are sizable, and may be close to on target. But if they are still too high, then we may finally be seeing the slowing of economic growth that has been predicted for months (and which the market seems to be ignoring). Remember that a slowing of the rate of economic growth is not the same thing as sliding into recession, altho if we do get serious slowing, you will undoubtedly start hearing more new chatter about recession. The monthly IP/CU report is always important as an economic barometer, this month it may be far more important than usual as it may portend an inportant short tem shift, along with the PPI last week and the CPI on Thursday. Stay tuned, 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: Tue, 17 Mar 1998 06:47:48 -0500 From: "Tom Worley" Subject: [CANSLIM] Fw: Finance - Full Closing Bell @ 03/16/98 (1 stories) After you read my comments on the bottom of my Economic Calendar, I suggest you also read this brief commentary from Final Bell on Monday's trading. 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 - ---------------------------------------------------------------------------- > MARKET NEWS : The Dow powered to a record close above 8700 for the first time on Monday as investors bet that the robust U.S. economy will keep company earnings rosy despite Asia's woes. The Dow closed up 116 points at 8718. The S&P500 index closed up 11 points at 1079, its sixth record high close this month. Advances on the NYSE led declines by 17 to 11 on volume of 551 million, the lowest since February 23. The Nasdaq ended up 16 points at 1788, beating the previous record close of 1777 set on February 26. The 30-year Treasury bond, a bellwether of long-term interest rates, gained 14/32 to yield 5.86 percent. - - ------------------------------ Date: Tue, 17 Mar 1998 06:41:46 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] WCOM By all means, Robert, you have my vote to keep posting. We don't have enough active members willing to share their opinions as it is (hint, hint lurkers, I know at least some of you have some good ideas and comments!). My comment on WCOM deficiencies was on the EPS and nr of shares primarily. I recognize in the Telecom group very few cos have decent EPS nrs, so tend to ignore the nr and look at the trends in the last 4 qtrs for both earnings and revenues. 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: Robert Venchiarutti To: canslim@lists.xmission.com Date: Monday, March 16, 1998 8:44 PM Subject: Re: [CANSLIM] WCOM Tom, when >you say WCOM didn't meet all CANSLIM elements, are you referring to the EPS >deficiency and # of shares outstanding, or are you including the chart >pattern. I am keenly interested in this subject, and welcome any comments. > >Finally, we have many people who post to this list regularly who do not >follow or apply CANSLIM rigidly, or at all for that matter. But I think >this is a great list becuase I continue to learn from it. This is due to of >the diversity and quality of opinion, but in no small measure, it is also >due to the civility of the discourse. I do not intend to irritate or offend >anyone with my posts, but if you will permit, I will continue to post >occasionally with stocks I feel meet CANSLIM criteria. > - - ------------------------------ End of canslim-digest V2 #149 ***************************** 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.