From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #152 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 Wednesday, March 18 1998 Volume 02 : Number 152 In this issue: [CANSLIM] Watchlist - FOSL & LUX Re: [CANSLIM] Mindspring Quarterly Report Re: [CANSLIM] Technical Questions RE: [CANSLIM] Watchlist - FOSL & LUX Re: [CANSLIM] Technical Questions RE: [CANSLIM] Watchlist - FOSL & LUX Re: [CANSLIM] off topic question Re: [CANSLIM] Technical Questions RE: [CANSLIM] Technical Questions RE: [CANSLIM] off topic question Re: [CANSLIM] Watchlist - FOSL & LUX Re: [CANSLIM] Technical Questions [CANSLIM] World Markets [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] ZOMX Re: [CANSLIM] ZOMX [CANSLIM] FTIC up on high volume Re: [CANSLIM] Technical Questions Re: [CANSLIM] ADVP, FFGI, ICN [CANSLIM] AMES appears ready to break [CANSLIM] XEIKY for watchlist [CANSLIM] CRLBF Re: [CANSLIM] AMES appears ready to break Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] NASDAQ distribution day Re: [CANSLIM] ZOMX Re: [CANSLIM] XEIKY for watchlist ---------------------------------------------------------------------- Date: Tue, 17 Mar 1998 22:44:04 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Watchlist - FOSL & LUX FOSL - Eps 83 Rs 91. DG on line states: Funds 28%, Banks 31%, Mgmt 66% that's > 100%. 4.5 mil float, 13.4 mil outstanding. 0% debt. Good trend though, sales and earnings. Would it be considered tradeable off the 20day mov? LUX - Eps 79 Rs 90. Funds 9%, Banks 11%, Mgmt 72%. 12.5 mil float. 44.9 mil outstanding. Something isn't adding up.? What a rally! I know it needs to base, but where would you look for an entry? 20 day mov or a trend line from the last two base bottoms? The group is gaining strength. Some elements I don't care for on this one. Thoughts? Frank Wolynski ( I am often wrong, plan accordingly!) - - ------------------------------ Date: Tue, 17 Mar 1998 21:11:18 -0500 From: "anthony boone" Subject: Re: [CANSLIM] Mindspring Quarterly Report Hey Frank, I would like a copy of Mindspring Quarterly Report, please anthony boonean@nwga.com - ---------- > From: Frank V. Wolynski > To: canslim@lists.xmission.com > Subject: [CANSLIM] Mindspring Quarterly Report > Date: Tuesday, March 17, 1998 9:03 PM > > Received the Quarterly EMail report from CEO Charles Brewer of Mindspring, > MSPG. > If anyone is interested I'll be glad to forward a copy to you. > > Frank Wolynski > ( I am often wrong, plan accordingly.) > > > - - - ------------------------------ Date: Tue, 17 Mar 1998 23:13:31 -0500 From: "James Adams" Subject: Re: [CANSLIM] Technical Questions From: Frank V. Wolynski > >A book titled "Investing Smart", "How to pick winning stocks with >Investor's Business Daily", foreword by William O'Neil, author Dhun H. >Sethna, puts the minimum ROE>=15% for growth companies. Page 143, he stated >that less than 15% should be viewed with concern. He also states that a >favorable ROE is one that is rising and is higher than the average for all >the companies in an industry group. Thanks for the input and especially the book recommendation. I can with MS Investor set up a screen criteria which identifies companies which have a ROE greater than their industry's average. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 17 Mar 1998 20:20:13 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Watchlist - FOSL & LUX Daily Graphs (paper version) defines Funds and Banks in terms of float, but Mgmt in terms of outstanding shares. Mike On Tuesday, March 17, 1998 7:44 PM, Frank V. Wolynski [SMTP:Wolynski@MindSpring.Com] wrote: > FOSL - Eps 83 Rs 91. > DG on line states: Funds 28%, Banks 31%, Mgmt 66% that's > 100%. > 4.5 mil float, 13.4 mil outstanding. 0% debt. > Good trend though, sales and earnings. > Would it be considered tradeable off the 20day mov? > > LUX - Eps 79 Rs 90. > Funds 9%, Banks 11%, Mgmt 72%. 12.5 mil float. 44.9 mil outstanding. > Something isn't adding up.? > What a rally! I know it needs to base, but where would you look for an > entry? 20 day mov or a trend line from the last two base bottoms? > The group is gaining strength. Some elements I don't care for on this one. > > Thoughts? > > Frank Wolynski > ( I am often wrong, plan accordingly!) > > > > - > > - - ------------------------------ Date: Tue, 17 Mar 1998 23:30:56 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Technical Questions At 23:13 3/17/98 -0500, James Adams wrote: >From: Frank V. Wolynski >> >>A book titled "Investing Smart", "How to pick winning stocks with >>Investor's Business Daily", foreword by William O'Neil, author Dhun H. >>Sethna, puts the minimum ROE>=15% for growth companies. Page 143, he stated >>that less than 15% should be viewed with concern. He also states that a >>favorable ROE is one that is rising and is higher than the average for all >>the companies in an industry group. > > >Thanks for the input and especially the book recommendation. I can with MS >Investor set up a screen criteria which identifies companies which have a >ROE greater than their industry's average. > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > Will MS Investor allow for comparisons of quarterly earnings? I'm looking for a site that will allow earnings acceleration to be scanned for. Almost exactly as detailed in IBD, pg A21, today, 3/17/98. Thanks, Frank Wolynski - - ------------------------------ Date: Tue, 17 Mar 1998 23:46:53 -0500 From: "Frank V. Wolynski" Subject: RE: [CANSLIM] Watchlist - FOSL & LUX I went back and reread your post from a few days back regarding the DG reponse to your inquiry. It just sunk in! Thanks, Frank Wolynski At 20:20 3/17/98 -0800, Mike Lucero wrote: >Daily Graphs (paper version) defines Funds and Banks in terms of float, but Mgmt in terms of outstanding shares. > >Mike > >On Tuesday, March 17, 1998 7:44 PM, Frank V. Wolynski [SMTP:Wolynski@MindSpring.Com] wrote: >> FOSL - Eps 83 Rs 91. >> DG on line states: Funds 28%, Banks 31%, Mgmt 66% that's > 100%. >> 4.5 mil float, 13.4 mil outstanding. 0% debt. >> Good trend though, sales and earnings. >> Would it be considered tradeable off the 20day mov? >> - - ------------------------------ Date: Tue, 17 Mar 1998 23:49:26 EST From: Ironheadmr Subject: Re: [CANSLIM] off topic question For a rather detailed analysis of this gentleman's techniques and a criteria of their effectiveness I recommend signing up for the free two week trial to TheStreet.Com and reading the articles in the archives written by Gary B. Smith. He did several pieces on the Cooper strategy and his results. He also writes a nice column on technical analysis. Worth the free look IMHO. << 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 23:51:26 -0500 From: "James Adams" Subject: Re: [CANSLIM] Technical Questions From: Frank V. Wolynski wrote: > >Will MS Investor allow for comparisons of quarterly earnings? >I'm looking for a site that will allow earnings acceleration to be >scanned for. Almost exactly as detailed in IBD, pg A21, today, 3/17/98. Yes, I believe so..I'll try it tonite. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 17 Mar 1998 21:12:39 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Technical Questions I'm looking at the beta of MS Investor 5, and it will compare eps for last quarter against year ago quarter, and eps for last year against the year before. It has 3, 6, and 12-month relative strength. Here's what it has: market cap shares outstanding exchange return on equity, industry avg roe, 5-yr avg roe return on investment, 5-yr avg roi return on assets, 5-yr avg roa price/book value, industry average pb rev/share book value/share pe ratios current, ind avg, s&p avg pe 1-month ago, 6 mo ago, 1 yr ago, 5-yr hi, lo, avg price/sales ratio, ind avg price/cash flow, ind avg revenue/employee income/employee, ind avg receivable turnover inventory turnover, ind avg asset turnover debt/equity ratio, ind avg current ratio, ind avg quick ratio, ind avg interest coverage leverage ratio latest dividend rate current dividend yield payout: latest fiscal year, ind avg 5-yr avg payout, dividend yield % institutional ownership beta liquidity ratio short interest shares, ratio net insider transactions adv 2 wk, month, qtr, yr 50, 200 dma obv rs 3-mo, 6, 12 growth 5-yr eps, div, rev rev growth ytd, qtr, yr eps growth ytd, qtr, yr s&p 500 avg eps growth yr/yr prev day close 52-week hi, low 5-yr hi, low % price chg week, last mo, last qtr, last 6 mo, last yr, ytd net profit margin, ind avg gross margin pre-tax margin 5-yr avg net, gross, pre-tax profit ind avg 5-yr pretax margin 5-yr operating profit 5-yr capital spending 12-mo revenue 12-mo income continuing ops, total ops 12-mo eps continuing ops, total ops latest fiscal eps current qtr, yr earnings estimate current qtr, yr growth rate next yr growth rate est recent qtr surprise % eps growth next yr, 5 yr forward yr PE mean recommendation then they have advisor FYI's based on most of the above, such as "50 dma crossed" Mike On Tuesday, March 17, 1998 8:31 PM, Frank V. Wolynski [SMTP:Wolynski@MindSpring.Com] wrote: > At 23:13 3/17/98 -0500, James Adams wrote: > >From: Frank V. Wolynski > >> > >>A book titled "Investing Smart", "How to pick winning stocks with > >>Investor's Business Daily", foreword by William O'Neil, author Dhun H. > >>Sethna, puts the minimum ROE>=15% for growth companies. Page 143, he stated > >>that less than 15% should be viewed with concern. He also states that a > >>favorable ROE is one that is rising and is higher than the average for all > >>the companies in an industry group. > > > > > >Thanks for the input and especially the book recommendation. I can with MS > >Investor set up a screen criteria which identifies companies which have a > >ROE greater than their industry's average. > > > >James Adams......................Maysville, KY USA > >http://www.cris.com/~jimadams/ > >Internet Pager 1343361@pager.mirabilis.com > > > > Will MS Investor allow for comparisons of quarterly earnings? > I'm looking for a site that will allow earnings acceleration to be > scanned for. Almost exactly as detailed in IBD, pg A21, today, 3/17/98. > > Thanks, > > Frank Wolynski > > > > - - ------------------------------ Date: Wed, 18 Mar 1998 02:24:24 -0500 From: "Surindra Singh" Subject: RE: [CANSLIM] off topic question Jeff Cooper free 5 day trial is available at: http://www.mgordonpub.com/5day/trial.htm Hope this helps. |-----Original Message----- |From: owner-canslim@lists.xmission.com |[mailto:owner-canslim@lists.xmission.com]On Behalf Of Ironheadmr |Sent: Tuesday, March 17, 1998 11:49 PM |To: canslim@lists.xmission.com |Subject: Re: [CANSLIM] off topic question | | |For a rather detailed analysis of this gentleman's techniques and a criteria |of their effectiveness I recommend signing up for the free two week trial to |TheStreet.Com and reading the articles in the archives written by Gary B. |Smith. He did several pieces on the Cooper strategy and his results. He |also writes a nice column on technical analysis. Worth the free look IMHO. | | | |<< 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: Wed, 18 Mar 1998 07:05:49 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Watchlist - FOSL & LUX I was embarrassed to publicly announce last week that I had learned something I should have known all along. DG/DGO list the management ownership as a percent of the total issue, however the funds and banks holdings are a percent of the float, not the total issue. 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@lists.xmission.com Date: Tuesday, March 17, 1998 10:41 PM Subject: [CANSLIM] Watchlist - FOSL & LUX >FOSL - Eps 83 Rs 91. >DG on line states: Funds 28%, Banks 31%, Mgmt 66% that's > 100%. >4.5 mil float, 13.4 mil outstanding. 0% debt. >Good trend though, sales and earnings. >Would it be considered tradeable off the 20day mov? > >LUX - Eps 79 Rs 90. >Funds 9%, Banks 11%, Mgmt 72%. 12.5 mil float. 44.9 mil outstanding. >Something isn't adding up.? >What a rally! I know it needs to base, but where would you look for an >entry? 20 day mov or a trend line from the last two base bottoms? >The group is gaining strength. Some elements I don't care for on this one. > >Thoughts? > >Frank Wolynski >( I am often wrong, plan accordingly!) > > > >- > - - ------------------------------ Date: Wed, 18 Mar 1998 08:29:52 EST From: DCSquires Subject: Re: [CANSLIM] Technical Questions In a message dated 98-03-17 23:32:54 EST, you write: << I'm looking for a site that will allow earnings acceleration to be scanned for. >> Go to dailystocks.com. They have compiled links to most of the good, free internet screening sites. One of their own scans is for accelerating earnings. DSquires - - ------------------------------ Date: Wed, 18 Mar 1998 08:27:36 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets Looks like a tough day to make money. Asia had a mixed, and mostly down day in the more important mkts. Europe is down pretty much across the board, with the exception of the UK, where they apparently liked the UK budget presented after their close yesterday (it's up almost 1%). Futures both suggest a down opening, likely 20-30 pts or more, with NASDAQ probably suffering more than NYSE. Good luck, tread cautiously. 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. I AM NOT RECOMMENDING ANY PARTICULAR STOCK TO ANY PARTICULAR INVESTOR, you must make your own individual decisions. tom w - - ------------------------------ Date: Wed, 18 Mar 1998 11:53:58 +0100 From: Johan Van Houtven Subject: [CANSLIM] NASDAQ distribution day Tuesday was clearly a distribution day for the NASDAQ. We closed lower on significantly higher volume than the previous day. The new high on Monday was on low volume. We have also had a few other distribution days the last 2 -3 weeks. Anyone reading the market different? - --- Johan Van Houtven - - ------------------------------ Date: Wed, 18 Mar 1998 14:53:13 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] NASDAQ distribution day On Wed, 18 Mar 1998 11:53:58 +0100, you wrote: :Tuesday was clearly a distribution day for the NASDAQ. We closed lower = on :significantly higher volume than the previous day. : :The new high on Monday was on low volume. : :We have also had a few other distribution days the last 2 -3 weeks. : :Anyone reading the market different? : : : :--- Johan Van Houtven : "We closed lower..." Johan, the DOW closed in record territory, up over 30 points. The closing tick was bullish (+187), and though a soft bond market pulled things down mid-session, the day's end was quite bullish. The Nas was down around 8 points -- not major. The *average* of the indexes (a new barometer?) was pretty flat. Advance/decline was pretty flat. I think the term "distribution day" is a little strong for this, though I feel edgy about a possible real downturn, however short it may be. Blue chips are still outperforming the small-fry. Today looks to be worse at the open, anyway. World markets were soft at best. However, the US markets have tended to not reflect the world markets in any kind of knee jerk fashion for the last few months. Is this "leadership"? Dan - - ------------------------------ Date: Wed, 18 Mar 1998 09:55:41 EST From: DCSquires Subject: Re: [CANSLIM] NASDAQ distribution day In a message dated 98-03-18 09:36:56 EST, you write: << Tuesday was clearly a distribution day for the NASDAQ. We closed lower on significantly higher volume than the previous day. The new high on Monday was on low volume. We have also had a few other distribution days the last 2 -3 weeks. Anyone reading the market different? >> The volume situation has definitly got me rattled. Sentiment is bullish. The triple which seems to complicate things a bit this week. Except for actual expiration I will consider any high volume down/unch day (vis a vis the day before)distribution no matter what the media says it is. If I was a fund manager and wanted to liquidate large postions what a great cover for it. When your an elaphant you have to sell when you can not when you want to. That said, I am a bit confused because almost all of my stocks are acting fine. The market seems a bit rotational to me. BTW, I love that 2.6 million float for ZOMX............makes it real easy to move in new high groud. DSquires - - ------------------------------ Date: Wed, 18 Mar 1998 14:57:54 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] NASDAQ distribution day Johan, Sorry, missed the obvious point that your message focused on the Nasdaq. Well, my comments were about the broader picture. My feeling (and I am not alone here) is that if you are going to take a position (or hold a position) in a technology stock (the Nasdaq is "tech heavy") it should be one without too much of the dreaded "Asian exposure." The easiest clue is to look at the chart over the last several months. Dan - - ------------------------------ Date: Wed, 18 Mar 1998 10:41:34 -0500 From: Craig Griffin Subject: Re: [CANSLIM] NASDAQ distribution day Johan, At 11:53 AM 3/18/98 +0100, you wrote: >Tuesday was clearly a distribution day for the NASDAQ. We closed lower on >significantly higher volume than the previous day. > >The new high on Monday was on low volume. > >We have also had a few other distribution days the last 2 -3 weeks. > Completely agree - Tuesday was clearly distributional. As DCSquires pointed out, stocks still acting ok. Last time we had this kind of distribution occuring (Sept-Oct?), stocks continued to act ok for several weeks after the obvious signs showed up. I remember commenting on how nicely my stocks were doing in spite of several distribution days over the prior two or three weeks (and Peter Christians was having the same experience at the time). Who knows how it will turn out this time? Market will tell us. Best regards, Craig - - ------------------------------ Date: Wed, 18 Mar 1998 16:51:28 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] NASDAQ distribution day Craig, I have indeed noticed that the 'bad' days are the best for small, strong CANSLIM stocks like APSG, ZOMX, etc. One could fantasize that because of the genreral bearish atmosphere on such a 'down' day, the small cap fund manager take advantage of this buying that day, as they hope that stockholder are more likely to sell on such a day. Just hallucianting here, not something I can prove... B^) Craig wrote: >Completely agree - Tuesday was clearly distributional. As DCSquires >pointed out, stocks still acting ok. Last time we had this kind of >distribution occuring (Sept-Oct?), stocks continued to act ok for several >weeks after the obvious signs showed up. I remember commenting on how >nicely my stocks were doing in spite of several distribution days over the >prior two or three weeks (and Peter Christians was having the same >experience at the time). > >Who knows how it will turn out this time? Market will tell us. > >Best regards, >Craig > > >- > > - --- Johan Van Houtven - - ------------------------------ Date: Wed, 18 Mar 1998 17:00:18 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] NASDAQ distribution day Hmmm, I'll have to correct a few spelling and syntax mistakes here. :) Let me try again: Craig, I have indeed noticed that the 'bad' days are the best, for small, strong CANSLIM stocks like APSG, ZOMX, etc. One could fantasize that because of the general bearish atmosphere on such a 'down' day, the small cap fund manager will take advantage of that atmosphere by buying on such a day. The logic behind that would be: They assume that the retail stockholder is more likely to sell on such a day. So that he (the fund manager) can buy at a reasonable price. Pure imagination, not something I can prove... B^) - --- Johan Van Houtven - - ------------------------------ Date: Wed, 18 Mar 1998 11:25:17 -0500 From: Ari Lawson Subject: Re: [CANSLIM] ZOMX Could someone please tell me the pivot point for ZOMX? - - ------------------------------ Date: Wed, 18 Mar 1998 11:50:56 EST From: DCSquires Subject: Re: [CANSLIM] ZOMX In a message dated 98-03-18 11:32:07 EST, you write: << Could someone please tell me the pivot point for ZOMX? >> My buy point was 15 1/8, the new high. Currently trading at 16 3/8, it is a little extended from the breakout (8%). WON says not more than 5%. It has been a hard and repetitive lesson to not buy extened stocks but I now follow this rule rigidly. DSquires - - ------------------------------ Date: Wed, 18 Mar 1998 12:59:22 -0500 From: "Bud Barton" Subject: [CANSLIM] FTIC up on high volume This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01BD526D.AC31CE20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is this on anyone elses watch list? - ------=_NextPart_000_0006_01BD526D.AC31CE20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Is this on anyone elses watch=20 list?
- ------=_NextPart_000_0006_01BD526D.AC31CE20-- - - ------------------------------ Date: Wed, 18 Mar 98 14:00:53 EST From: tinghsu@fmrco.com (Ting Hsu) Subject: Re: [CANSLIM] Technical Questions I've been using canslim with fundamental analysis for a little while now, and it's been my experience that adding good fundamentals to canslim screens out a good deal of losers. Unfortuantly, it screens out many winners too, but I have done quite a bit better than the market with the few stocks that survived both screens. Additonally, you have too look at how often you actually purchase stocks. For example, if your past trading history indicates that you are really only buying 2 stocks a month, then a screen that only produces 1-2 stocks per week is just fine. - - ------------------------------ Date: Wed, 18 Mar 1998 20:11:59 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] ADVP, FFGI, ICN >Three more for the watchlist: > >ADVP 75 88 A GRS 73 Time: A Finally breaking out.... >FFGI 74 98 B GRS 98 Time: C > >ICN 74 96 A GRS 84 Time: B - - ------------------------------ Date: Wed, 18 Mar 1998 21:20:17 +0100 From: Johan Van Houtven Subject: [CANSLIM] AMES appears ready to break AMES retail nerchandiser on the verge of breaking here @ 20 1/2+ 64 92 A GRS 97 Timeli: A ADV 350K - - ------------------------------ Date: Wed, 18 Mar 1998 22:02:00 +0100 From: Johan Van Houtven Subject: [CANSLIM] XEIKY for watchlist XEIKY digital color printing business Belgian firm, like LHSPF :-) 70 95 B GRS 65 Timel: B near high - - ------------------------------ Date: Wed, 18 Mar 1998 15:40:10 -0600 From: "Joe Scott" Subject: [CANSLIM] CRLBF This is a multi-part message in MIME format. - ------=_NextPart_000_0016_01BD5284.229E43C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members; For what its worth, one I've been looking at CRLBF, I didn't buy today, maybe tomorrow, need to look at closer. don't listen to me, don't know a thing, that's why I'm here joe - ------=_NextPart_000_0016_01BD5284.229E43C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members;
For what its worth, one I've been looking at=20 CRLBF,
I didn't buy today, maybe tomorrow, need to = look at=20 closer.
 
don't listen to me,
don't know a thing,
that's why I'm here
joe
- ------=_NextPart_000_0016_01BD5284.229E43C0-- - - ------------------------------ Date: Wed, 18 Mar 1998 17:30:50 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] AMES appears ready to break - --------------C5F3E2823906E0202D4FFAD3 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Johan likes the looks of AMES. I presume that the stock has some satisfactory Canslim numbers for him. Irrespectively, it is a stock that a trader also likes. It appeared on my scan a few days ago. That it looks good to both a trader and a member[s] is further indication that there are times in a stock's life when it has what appear to be entry characteristics for both the trader and the investor. It meets my both-or-none criteria of OBV/MF. My quick 3/7/10 EMA gave a buy near the end of February. I was at that time unsettled about the market and chose to be about 65% invested. I still can't get a feel for trading this market; I am, therefore, only 75% invested and am running some pretty tight mental and mechanical stops. I have held for no more than two points on any stock for over a month. Something--either about me or about this market--has changed. I have some of the uneasiness that I had years ago when I began trading. When a trader or an investor has this uneasiness, it is best to cut down on the number of trades, or perhaps even step away. One of the things, if learned late is learned to your sorrow, is not to think that you must trade every day. Trading is like a prostitute who lays her unfaithful head on your arm--for a price. Unlike Kennedy and Clinton, a trader must say no, and step away. AMES now looks like it is about to correct. The 3/7/10 EMA has not given its first signal; however, the Slow and Fast Stochastics and the MACD have already turned down. The stock, after a correction, is still strong and in an up trend. I am back in INTC for the third time. I hope to get out at 78.25 for a point and a half. I am scalping INTC rather than trading. Stocks that have withstood most of my screens, but not all, are AZR, DENHY, IMN, and ZNDTY. Low volume may discourage some members. However, all will make you a bit of money. I own a small lot of DENHY. Am glad to see posts from several new members. The site is made better by those learning the markets as well as those knowledgeable traders and investors already here. Connie Mack Johan Van Houtven wrote: > AMES retail nerchandiser on the verge of breaking here @ 20 1/2+ > > 64 92 A > GRS 97 > Timeli: A > > ADV 350K > > - - --------------C5F3E2823906E0202D4FFAD3 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Johan likes the looks of AMES.  I presume that the stock has some satisfactory Canslim numbers for him.

Irrespectively, it is a stock that a trader also likes.  It appeared on my scan a few days ago.  That it looks good to both a trader and a member[s] is further indication that there are times in a stock's life when it has what  appear to be entry characteristics for both the trader and the investor.

It meets my both-or-none criteria of OBV/MF.  My quick 3/7/10 EMA gave a buy near the end of February.  I was at that time unsettled about the market and chose to be about 65% invested.  I still can't get a feel for trading this market; I am, therefore, only 75% invested and am running some pretty tight mental and mechanical stops.

I have held for  no more than two points on any stock for over a month.  Something--either about me or about this market--has changed.  I have some of the uneasiness that I had years ago when I began trading.  When a trader or an investor has this uneasiness, it is best to cut down on the number of trades, or perhaps even step away.

One of the things, if learned late is learned to your sorrow, is not to think that you must trade every day.  Trading is like a prostitute who lays her unfaithful head on your arm--for a price.  Unlike Kennedy and Clinton, a trader must say no, and step away.

AMES now looks like it is about to correct.  The 3/7/10 EMA has not given its first signal; however, the Slow and Fast Stochastics and the MACD have already turned down.  The stock, after a correction, is still strong and in an up trend.

I am back in INTC for the third time.  I hope to get out at 78.25 for a point and a half.  I am scalping INTC rather than trading.

Stocks that have withstood most of my screens, but not all, are AZR, DENHY, IMN, and ZNDTY.  Low volume may discourage some members.  However, all will make you a bit of money.  I own a small lot of DENHY.

Am glad to see posts from several new members.  The site is made better by those learning the markets as well as those knowledgeable traders and investors already here.

Connie Mack
 
 
 
 

Johan Van Houtven wrote:

AMES retail nerchandiser on the verge of breaking here @ 20 1/2+

64 92 A
GRS 97
Timeli: A

ADV 350K

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   - --------------C5F3E2823906E0202D4FFAD3-- - - ------------------------------ Date: Wed, 18 Mar 1998 19:01:00 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] NASDAQ distribution day Beg to differ. If you focus only on NASDAQ, you are by definition focusing on technology and technology related stocks far more than any other exchange. And the bigger tech stocks there, as well as on NYSE, have sig Asian exposure. Even some of the smaller ones, as I discovered too late (shoulda done my due diligence!!) like SOCR have sizable Asian exposure. In some cases, they buy components there, and this may help their profits by offsetting some of the price cuts. But if their contracts called for payment in US dollars, then this won't help either. And many of them have major marketing interests in Asia. 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: Dan Musicant To: canslim@lists.xmission.com Date: Wednesday, March 18, 1998 9:56 AM Subject: Re: [CANSLIM] NASDAQ distribution day Johan, Sorry, missed the obvious point that your message focused on the Nasdaq. Well, my comments were about the broader picture. My feeling (and I am not alone here) is that if you are going to take a position (or hold a position) in a technology stock (the Nasdaq is "tech heavy") it should be one without too much of the dreaded "Asian exposure." The easiest clue is to look at the chart over the last several months. Dan - - - - ------------------------------ Date: Wed, 18 Mar 1998 19:18:19 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] NASDAQ distribution day Some quotes I read today: "Small cap and Nasdaq stocks have lagged behind the large cap mkt since the eruption of the Asian economic crisis in Oct. The initial rationale for investors' preference for larger stocks was the increased liquidity they offer, which outweighed the concept that smaller stocks have less exposure to weakened Asian markets and currencies" "But investors continue to opt for larger stocks at the expense of smaller issues, even though smaller stocks posted stronger Q4 earnings growth than large stocks, and are expected to report sig better Q1 results" "The average company in the R2000 index is expected to post Q1 earnings growth of 12.5% compared with the year earlier period, while the average S&P company is likely to report earnings growth of just 1.8%, according to Chuck Hill, director of research at First Call. In the Q4, R200 earnings rose 16.3% compared with 8.7% growth for the S&P" "Even though the impact of the Asian financial crisis is now expected to be considerably milder than originally thought, and is seen as having already been built into stock prices..." "Much of the overall stock market's recent burst of strength has been attributed to a resumption of record inflows of money into stock mutual funds" "The stock market's latest surge to all time highs is purely on money going into the large cap funds" "it's a suspect foundation" BTW, the current 1.8% growth for S&P compares to the 10.4% estimate that existed as recently as Jan. "I'm not comfortable with institutional managers putting money to work because they don't want to miss out. The recent gains are based on money (inflows), not fundamentals" If all of the above is valid, then the volume and pricing on the indexes which have been signaling distribution lately, and I agree this is the signal, may undergo radical change as soon as the major money managers quit pumping money into big caps. Keep in mind that most funds have to be nearly fully invested at the end of the qtr, so the cash flow could stop any day now if they are already close to that point. I suspect a lot of fund mgrs would rather not be buying now, but the money keeps coming in, and they are forced to put it somewhere. Naturally, they will opt for the safer, far more liquid big cap stocks. But by the last week of March, I suspect the flow will measurably diminish. Watch the upside volume, I think that will be the clue. 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: Craig Griffin To: canslim@lists.xmission.com Date: Wednesday, March 18, 1998 10:41 AM Subject: Re: [CANSLIM] NASDAQ distribution day >Johan, > >At 11:53 AM 3/18/98 +0100, you wrote: >>Tuesday was clearly a distribution day for the NASDAQ. We closed lower on >>significantly higher volume than the previous day. >> >>The new high on Monday was on low volume. >> >>We have also had a few other distribution days the last 2 -3 weeks. >> > >Completely agree - Tuesday was clearly distributional. As DCSquires >pointed out, stocks still acting ok. Last time we had this kind of >distribution occuring (Sept-Oct?), stocks continued to act ok for several >weeks after the obvious signs showed up. I remember commenting on how >nicely my stocks were doing in spite of several distribution days over the >prior two or three weeks (and Peter Christians was having the same >experience at the time). > >Who knows how it will turn out this time? Market will tell us. > >Best regards, >Craig > > >- > - - ------------------------------ Date: Wed, 18 Mar 1998 19:24:49 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ZOMX The pivot point IMHO was about 13.5, happened yesterday, when it began to break out on heavy volume from a small base. I saw it happening and was too busy right then to grab the chart and take a final look before plunging in. By the time I got back to it, about half an hour later or so, it had already moved nearly a point and vol was huge. I really hate it when my job interfers with my investing, but that's one reason why I can't have clients. 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: Ari Lawson To: canslim@lists.xmission.com Date: Wednesday, March 18, 1998 11:28 AM Subject: Re: [CANSLIM] ZOMX >Could someone please tell me the pivot point for ZOMX? > > >- > - - ------------------------------ Date: Wed, 18 Mar 1998 19:38:11 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] XEIKY for watchlist At 22:02 3/18/98 +0100, Johan Van Houtven wrote: >XEIKY digital color printing business >Belgian firm, like LHSPF :-) >70 95 B >GRS 65 >Timel: B >near high > > I can only retrieve quotes back to early 1996. It probably came public then, at least that is how I interpret the very large volume spike on the first day of the retrieved quotations. If that is the case, I wonder if any of the original investors are tickled that it is finally (after missing a heck of bull market) getting back to where they bought it? Assuming they held. Assuming either way, it is enough to make one skittish of the $20 region. Todays quote places it up 1/8 on almost 200k shares. Hmm.... I read an article in Infoworld, a computer trade weekly, that competition in this arena was very aggressive. Be careful and quick. Frank Wolynski ( I am often wrong, plan accordingly.) - - ------------------------------ End of canslim-digest V2 #152 ***************************** 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. 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