From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #159 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 Sunday, March 22 1998 Volume 02 : Number 159 In this issue: Re: [CANSLIM] ZOMX Re: [CANSLIM] Money Flow Overwhelms Funds (was NASDAQ distribution day) [CANSLIM] EPIQ [Connie Mack] Re: [CANSLIM] Pivot Point (2 of 2) - Repost from Feb 2 1997 [CANSLIM] Possible market top? Re: [CANSLIM] Stops (was Money Flow Overwhelms Funds (was NASDAQ distribution day) Re: [CANSLIM] EPIQ [Connie Mack] [CANSLIM] Oil Sector [CANSLIM] Oil Sector Re: [CANSLIM] EPIQ [Connie Mack] Re: [CANSLIM] Possible market top? Re: [CANSLIM] ZOMX Re: [CANSLIM] Breakouts - KDN MIKL TSCP Re: [CANSLIM] BLDPF AVEI , APSG, PSIX, PPOD [CANSLIM] Quotes Plus Re: [CANSLIM] (noncanslim) NOVL - Novell [CANSLIM] OBV/MF Comparison Re: [CANSLIM] Free Research Site ---------------------------------------------------------------------- Date: Sun, 22 Mar 1998 12:55:36 -0500 From: Bill Subject: Re: [CANSLIM] ZOMX Tom, what does "it corrected back to around 13" mean? Does it infer that 14.5 is not a correct price but, why then, did it close at 17 on 3/20 and not at the correct price of 13? Is this another example of a CANSLIM oxymoron? :-) Bill-->> - ------------------------------------------- At 8:37 PM -0500 3/18/98, Tom Worley wrote: > I noted that back in early Feb, it jumped from about 11.5 to 13 on heavy vol. >Subsequently, in early March, after a gradual move up to about 14.5, it >corrected back to around 13, but on lighter vol than it had been showing. snip... - - ------------------------------ Date: Sun, 22 Mar 1998 13:06:04 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] Money Flow Overwhelms Funds (was NASDAQ distribution day) This is a multi-part message in MIME format. - ------=_NextPart_000_006A_01BD5593.451995A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom I agree, but find myself also close to fully in.=20 I wondered if you might tell us how you handle your protective stops, = especially at a time like this, where I as well like to be in that 5% = neighborhood. =20 Do you use stop orders, or do you use mental stops and place orders as = required? joe - ------=_NextPart_000_006A_01BD5593.451995A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Tom I agree, but find myself also close to = fully in.=20

I wondered if you might tell us how you = handle your=20 protective stops, especially at a time like this, where I as well like = to be in=20 that 5% neighborhood.

Do you use stop orders, or do you use mental = stops and=20 place orders as required?

joe

- ------=_NextPart_000_006A_01BD5593.451995A0-- - - ------------------------------ Date: Sun, 22 Mar 1998 14:29:22 -0500 From: Connie Mack Rea Subject: [CANSLIM] EPIQ [Connie Mack] - --------------9D85809EC706590469EAC542 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Against my better judgement, I am going to comment on EPIQ. Three of you have been civilly insistent on asking my opinion on the stock though I have resisted in the past. I posted earlier that Tom and I had talked about EPIQ. I spoke with Tom because he is a professional who, if my comments on the stock turned out to be wrong, would not, in a sense, hold me "personally accountable." I.e., we would both know that this trading/investing thing is a crap shoot, but, like a crap shoot, there are odds. It is those odds that traders/investors, but especially traders, make money. By "personally accountable," I meant only that Tom wouldn't curse me in his prayers or think me less knowledgeable about the market [unless I repeatedly gave him bad readings]. I've cooled a couple of relationships with friends, not because I had been wrong about a stock but that they had not exited when I suggested. Their greed kept them in when, in my opinion, they should have taken nice profits and got out. They held through their profits and finally sold at pretty sizeable losses. In retrospect, I don't think they held me personally accountable for telling them to sell, but that I didn't force them to sell against their greedy judgement. They expected me to say, "Dammit, sell!" I think that Tom left some money on the table, but I don't think that he curses me. He took some nice profits and moved on. Recently, I see questions about getting back into EPIQ. And in the last two days, three of you have quizzed me further. I have corresponded off and on with the three almost since I made my first post--and a couple of members gave me a modestly unfriendly welcome because I was a trader, and an intruder. I am grateful to Tom, and others, who at that time welcomed me though I was an "outsider." I am always aware that I am more of a guest than a member of the group. I try never to wear out my welcome by posting too often. My comments today are, therefore, given reluctantly and willingly [though this may seem illogical]. I will comment for my three friends and for others who still hold or may wish to re-hold the stock. Pull up a 6-mos chart on BigCharts. There is a period from the early part of December to the latter part of january in which the MoneyFlow was negatively divergent. In February there was again a negative divergence that lasted three or four days. Though the price was volatile, the MF has tracked the price right down to Friday's big hit. The OnBalanceVolume reasonably tracked the price for months, though, visually, the OBV didn't rise quite as much as the price hinted at. For a week or so this month the OBV held level while the price declined. Nothing of more than modest concern, but both instances would have called for a written note on my chart. The MACD gave a sell the first of March and has been in a steep decline. The 3/7/10 EMA got humpity and began to give ambiguous signals starting about the 9th of this month. Then late last week it took a unambiguous dive. Now go to a 1-mos chart. The MF took a deep dive on March 2, recovered, and stayed relatively level through the 13th, but all the while the price was unresponsive. The MF rose a bit further on the 16th but went down thereafter. The OBV on the 4th was at 229 thousands and the stock at 17 and a small fraction. On March 16th the OBV was again at 229 thousands and the stock was at 16. Then came the real downturn and the stock closes at 13.75. Pull up a 5-day hourly chart. Notice how changing time frames can alter chart perspective, often radically. The OBV, by 3:00 on the 16th dipped slightly but had declined still more by the end of the day; it has never recovered. MF resisted--even became positively divergent--from 11:00 to 3:00 on the 16th. It resisted through the 17 and the early hours of the 18th. The buyers couldn't turn the stock and by 3:00 the downturn began that still is in force. Notice that big bearish candlestick at 3:00 on Friday. Between 3:00 and 4:00 on the 18th, the 3/7/10 turned to a sell and has been a sell ever since. The 3/7/10 EMA lines are separating further and hint that there is more damage to come. The SAR reversed at 3:30 on the 16th and has remained so. The MACD is in decline. The SlowStochastic is making a bearing downward crossover--and at an extremely low level. The MACD and the SS are more double-bad news. I have seen some posts that wondered if it were time to get back in--only if you have a Freudian death wish. I have not discussed most of this comment with Tom because he and I talked maybe 10 days to two weeks ago and much damage has occurred since then. But even then my advice was to take some profits and watch the rest like a hawk. I hold six modest positions with small profits in three, small losses in two, and even in one. I hope to close out the small gains on Monday or soon thereafter. I will not be unhappy if I am out of all my positions in the next day or so either with a modest gain or loss. Even having said this, the DOW looks as if it has more to go. I.e., I'm selling into some strength. Thanks to my three EPIQ friends [I hope we're still friends] and others who have sent me mail. Connie Mack - --------------9D85809EC706590469EAC542 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Against my better judgement, I am going to comment on EPIQ. Three of you have been civilly insistent on asking my opinion on the stock though I have resisted in the past.

I posted earlier that Tom and I had talked about EPIQ. I spoke with Tom because he is a professional who, if my comments on the stock turned out to be wrong, would not, in a sense, hold me "personally accountable." I.e., we would both know that this trading/investing thing is a crap shoot, but, like a crap shoot, there are odds. It is those odds that traders/investors, but especially traders, make money.

By "personally accountable," I meant only that Tom wouldn't curse me in his prayers or think me less knowledgeable about the market [unless I repeatedly gave him bad readings]. I've cooled a couple of relationships with friends, not because I had been wrong about a stock but that they had not exited when I suggested. Their greed kept them in when, in my opinion, they should have taken nice profits and got out.

They held through their profits and finally sold at pretty sizeable losses. In retrospect, I don't think they held me personally accountable for telling them to sell, but that I didn't force them to sell against their greedy judgement. They expected me to say, "Dammit, sell!"

I think that Tom left some money on the table, but I don't think that he curses me. He took some nice profits and moved on. Recently, I see questions about getting back into EPIQ. And in the last two days, three of you have quizzed me further. I have corresponded off and on with the three almost since I made my first post--and a couple of members gave me a modestly unfriendly welcome because I was a trader, and an intruder.

I am grateful to Tom, and others, who at that time welcomed me though I was an "outsider." I am always aware that I am more of a guest than a member of the group. I try never to wear out my welcome by posting too often.

My comments today are, therefore, given reluctantly and willingly [though this may seem illogical]. I will comment for my three friends and for others who still hold or may wish to re-hold the stock.

Pull up a 6-mos chart on BigCharts. There is a period from the early part of December to the latter part of january in which the MoneyFlow was negatively divergent. In February there was again a negative divergence that lasted three or four days. Though the price was volatile, the MF has tracked the price right down to Friday's big hit.

The OnBalanceVolume reasonably tracked the price for months, though, visually, the OBV didn't rise quite as much as the price hinted at. For a week or so this month the OBV held level while the price declined. Nothing of more than modest concern, but both instances would have called for a written note on my chart.

The MACD gave a sell the first of March and has been in a steep decline.

The 3/7/10 EMA got humpity and began to give ambiguous signals starting about the 9th of this month. Then late last week it took a unambiguous dive.

Now go to a 1-mos chart. The MF took a deep dive on March 2, recovered, and stayed relatively level through the 13th, but all the while the price was unresponsive. The MF rose a bit further on the 16th but went down thereafter.

The OBV on the 4th was at 229 thousands and the stock at 17 and a small fraction. On March 16th the OBV was again at 229 thousands and the stock was at 16. Then came the real downturn and the stock closes at 13.75.

Pull up a 5-day hourly chart. Notice how changing time frames can alter chart perspective, often radically. The OBV, by 3:00 on the 16th dipped slightly but had declined still more by the end of the day; it has never recovered.

MF resisted--even became positively divergent--from 11:00 to 3:00 on the 16th. It resisted through the 17 and the early hours of the 18th. The buyers couldn't turn the stock and by 3:00 the downturn began that still is in force. Notice that big bearish candlestick at 3:00 on Friday.

Between 3:00 and 4:00 on the 18th, the 3/7/10 turned to a sell and has been a sell ever since. The 3/7/10 EMA lines are separating further and hint that there is more damage to come.

The SAR reversed at 3:30 on the 16th and has remained so.

The MACD is in decline.

The SlowStochastic is making a bearing downward crossover--and at an extremely low level. The MACD and the SS are more double-bad news.

I have seen some posts that wondered if it were time to get back in--only if you have a Freudian death wish.

I have not discussed most of this comment with Tom because he and I talked maybe 10 days to two weeks ago and much damage has occurred since then. But even then my advice was to take some profits and watch the rest like a hawk.

I hold six modest positions with small profits in three, small losses in two, and even in one. I hope to close out the small gains on Monday or soon thereafter. I will not be unhappy if I am out of all my positions in the next day or so either with a modest gain or loss.

Even having said this, the DOW looks as if it has more to go. I.e., I'm selling into some strength.

Thanks to my three EPIQ friends [I hope we're still friends] and others who have sent me mail.

Connie Mack - --------------9D85809EC706590469EAC542-- - - ------------------------------ Date: Sun, 22 Mar 1998 14:01:56 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] Pivot Point (2 of 2) - Repost from Feb 2 1997 This is a multi-part message in MIME format. - ------=_NextPart_000_0074_01BD559B.13663880 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Excellent info, and very helpful as usual, thx Craig. Its a privilege to have the opportunity to "pick the brains" of = investors/traders like yourself, and others that regularly post here. = Its a tremendous benefit for newcomers to this game, like myself.=20 (less than a year trading equities) This group has been more help to me than any of the newsletters, and = other publications that I have subscribed to and read, and the CANSLIM = approach has made me more regimented in my buying and selling. Or at = least in my buying, "selling" is still the tuff part for me.=20 Was lucky enough to get in on INFM at 17 7/8, also LGTO last Friday at = 52., EQNX last Thursday at 20. Not as lucky have been WATR two weeks ago at 23 5/8, GEOC for a tiny = gain after 2 weeks, GSMS bot at 38.50 and friday volume dropped, and it = lost 3/4. =20 MISI a couple weeks ago, (bot to late), sold for small loss. Remember, = Tom?, and btw, you were right on TLC (still holding it). On my watch list are; EFTC, CBXC, AMWD, CORE, ITSW don't know a thing but still tryin joe =20 - ------=_NextPart_000_0074_01BD559B.13663880 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Excellent info, and very helpful as usual, = thx=20 Craig.

Its a privilege to have the opportunity to = "pick=20 the brains" of investors/traders like yourself, and others = that=20 regularly post here. Its a tremendous benefit for newcomers = to this=20 game, like myself.

(less than a year trading = equities)

This group has been more help to me than any = of the=20 newsletters, and other publications that I have subscribed to and read, = and the=20 CANSLIM approach has made me more regimented in my buying and = selling. Or=20 at least in my buying, "selling" is still the tuff part for = me.=20

Was lucky enough to get in on INFM at 17 7/8, = also LGTO=20 last Friday at 52., EQNX last Thursday at 20.

Not as lucky have been WATR two weeks ago at = 23 5/8,=20 GEOC for a tiny gain after 2 weeks, GSMS bot at 38.50 and friday volume = dropped,=20 and it lost 3/4.

MISI a couple weeks ago, (bot to late), sold = for small=20 loss. Remember, Tom?, and btw, you were right on TLC (still = holding=20 it).

On my watch list are; EFTC, CBXC, AMWD, = CORE,=20 ITSW

don't know a thing

but still tryin

joe

- ------=_NextPart_000_0074_01BD559B.13663880-- - - ------------------------------ Date: Sun, 22 Mar 1998 15:01:04 PST From: "Charles Morgan" Subject: [CANSLIM] Possible market top? I noticed that on Friday that three of the top market sector indexes were the utility index, defensive index, and senior growth index. The utility and defensive indexes were up well over 1%. Also I noticed that groups of stocks making new highs, the electrical utilities were at 39%. Is this an indication,as WON states in his book, of the "smart money" moving into a more defensive posture? Or is this just movement of money into another sector? I noticed the same thing around October and November of 1997, but it was more pronounced(i.e. market leaders becoming laggards, etc.). Also on CNBC's Squawkbox last week a guest host was talking about the Asian "flu". To sum up his comments, he felt that many people are under the wrong impression that Asia will be able to export their way out of their problems. The numbers are showing their exports are down because most companies' inability of receiving credit or any amount of cash. This means they cannot purchase the raw materials to make their products. If what he was saying is true and many U.S. companies need components from these Asian companies, how will this affect U.S. companies' earnings? Is this a reason for the "smart money" moving? I would like the group's opinion. Chuck Morgan ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Sun, 22 Mar 1998 18:34:10 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Stops (was Money Flow Overwhelms Funds (was NASDAQ distribution day) I rarely use actual (hard) stops since I work in the industry, have live quotes, and have a variety of limit minders on my PC at work. If I leave the industry in the pursuit of a better job, then this may change. In deciding on a stop value, my first move is to study the chart, not determine percentages. I try to judge where the stock, in isolation, would cause be concern (either at giving up profits or creating greater losses). Then I apply this to my reading of overall mkt conditions. Because of this last factor, it becomes very subjective. I have held stocks past my mental stop point because of "M", and I have sold them sooner as well ("M" doing well, stock deteriorating more). Example: I bot MDLK at 16.625, it closed Friday at 17.5 bid, 17.875 offered. If I see it start sliding on Monday, I may sell right away to preserve a small profit. If next week it slips under 17 bid, I'm selling for a very small profit. And if it gaps down, frankly don't know what I will do. Likewise, I may sell it if I see something else more compelling. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Joe Scott To: canslim@lists.xmission.com Date: Sunday, March 22, 1998 2:08 PM Subject: Re: [CANSLIM] Money Flow Overwhelms Funds (was NASDAQ distribution day) Tom I agree, but find myself also close to fully in. I wondered if you might tell us how you handle your protective stops, especially at a time like this, where I as well like to be in that 5% neighborhood. Do you use stop orders, or do you use mental stops and place orders as required? joe - - ------------------------------ Date: Sun, 22 Mar 1998 18:56:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] EPIQ [Connie Mack] Connie, thanks for an excellent review. Your comments confirm my view on this stock, which led me to wait on it even after it came back into my 14-14.5 target for a fresh buy. The float is very small, thus the stock is very volatile. At the time I sold (the Friday prior to Anan's visit to Iraq) your opinion was that it could go even higher. I elected to take my profits then, rather than live with the risks of bad news from Baghdad. Should have jumped right back in on the following Monday to pick up another several points, but didn't. Missed a second opportunity at a "bounce". I will continue to watch EPIQ as I feel it has a nice niche in a growing industry (software for bankruptcy processing). If the economy ever softens, then bankruptcy filings will likely skyrocket in time, and the mkt will look for companies that benefit. Should EPIQ dramatically drop, I may also try to play it for a short term bounce, but it will be just that, short term, and gamble that it will bounce. Having broken the support I have previously mentioned in the 14 - 14.5 range, it could conceivably break 10 to the downside. I have seen this happen before on stocks that got way too far ahead of themselves, too many investors rushing in at the last minute chasing momentum, then not bailing out quickly when it doesn't work. Ultimately, the stock gets punished even if it's not it's fault. I blame only Sad-am Insane for my decision to pull out from EPIQ when I did. Connie's view at the time that there was more room to go was correct, and I suspect his current view is also correct. I have been busy working as moderator for about 200 shareholders to try and bring some resolution of a scam to closure. Thus, I have been spending very little time in doing my own research at Bigcharts. I recognize that Connie is a trader, thus many of his "picks" don't fit my investment strategy. Nonetheless, I still look at them realizing that most are not CANSLIM candidates. I have learned from his posts, and try to use BigCharts to fine tune my entry and exit points, as well as to better guage how a stock is doing once I own it. In this regard, Connie's experience and willingness to share his knowledge is valuable to any investor, regardless of the strategy followed. 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: Connie Mack Rea To: canslim Date: Sunday, March 22, 1998 2:28 PM Subject: [CANSLIM] EPIQ [Connie Mack] >Members-- > >Against my better judgement, I am going to comment on EPIQ. >I posted earlier that Tom and I had talked about EPIQ. I spoke with Tom >because he is a professional who, if my comments on the stock turned out >to be wrong, would not, in a sense, hold me "personally accountable." >I.e., we would both know that this trading/investing thing is a crap >shoot, but, like a crap shoot, there are odds. It is those odds that >traders/investors, but especially traders, make money. > >I think that Tom left some money on the table, but I don't think that he >curses me. He took some nice profits and moved on - - ------------------------------ Date: Sun, 22 Mar 1998 19:17:29 -0500 From: "Surindra Singh" Subject: [CANSLIM] Oil Sector Everyone probably knows by now. The gas prices at the pumps will be 5% up soon. Harlen.......Where are you? Oil sector is going upupandaway!!! http://www.moneynet.com/home/MONEYNET/pages/NavFrame.asp?PAGE=/content/MONEY NET/quotes/qtquote.asp%3Fsymbol%3Dkeg Surindra - - ------------------------------ Date: Sun, 22 Mar 1998 19:17:29 -0500 From: "Surindra Singh" Subject: [CANSLIM] Oil Sector Everyone probably knows by now. The gas prices at the pumps will be 5% up soon. Harlen.......Where are you? Oil sector is going upupandaway!!! http://www.moneynet.com/home/MONEYNET/pages/NavFrame.asp?PAGE=/content/MONEY NET/quotes/qtquote.asp%3Fsymbol%3Dkeg Surindra - - ------------------------------ Date: Sun, 22 Mar 1998 19:35:10 -0500 From: Joan Sherman Subject: Re: [CANSLIM] EPIQ [Connie Mack] guage how a stock is doing once I own it. In this regard, Connie's >experience and willingness to share his knowledge is valuable to any >investor, regardless of the strategy followed. I couldn't agree more. JPS Joan Sherman /\~~~/\ /\~~~/\ /\~~~/\ /\~/\ /\~/\ and the gang ** ** ** ** ** Support Animal Rescue - - ------------------------------ Date: Sun, 22 Mar 1998 19:49:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Possible market top? I think money flow into defensive positions is further confirmation of what I have been saying, the funds have to put the money somewhere, however unwilling they are, by the end of the qtr. 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: Charles Morgan To: canslim@xmission.com Date: Sunday, March 22, 1998 6:00 PM Subject: [CANSLIM] Possible market top? >I noticed that on Friday that three of the top market sector indexes >were the utility index, defensive index, and senior growth index. The >utility and defensive indexes were up well over 1%. Also I noticed that >groups of stocks making new highs, the electrical utilities were at 39%. >Is this an indication,as WON states in his book, of the "smart money" >moving into a more defensive posture? Or is this just movement of money >into another sector? I noticed the same thing around October and >November of 1997, but it was more pronounced(i.e. market leaders >becoming laggards, etc.). > >Also on CNBC's Squawkbox last week a guest host was talking about the >Asian "flu". To sum up his comments, he felt that many people are under >the wrong impression that Asia will be able to export their way out of >their problems. The numbers are showing their exports are down because >most companies' inability of receiving credit or any amount of cash. >This means they cannot purchase the raw materials to make their >products. >If what he was saying is true and many U.S. companies need components >from these Asian companies, how will this affect U.S. companies' >earnings? Is this a reason for the "smart money" moving? > >I would like the group's opinion. > >Chuck Morgan > >______________________________________________________ >Get Your Private, Free Email at http://www.hotmail.com > >- > - - ------------------------------ Date: Sun, 22 Mar 1998 20:00:53 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ZOMX The price where a stock is trading is ALWAYS the correct price, for the market sets value based on expectations and appearances, at that time. ZOMX corrected back to 13 from 14.5 because, at that time, the mkt decided it was overvalued. This may have been due to the company itself, market conditions, excessive profits, something better coming along, etc. But the bottom line is that the mkt sets value. Now, the "market" consists of a wide variety of investors, both institutional and individual. These investors apply a wide variety of "value measures" including trailing or projected PE, cash flow, ROE, book value, new highs, CANSLIM elements, etc. A stock that was once perceived as undervalued by one measure may break out and be viewed as overvalued by a different, or the same, measure. $13 was obviously the correct price in early March, just as $17 was correct on 3/20. 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: Bill To: canslim@lists.xmission.com Date: Sunday, March 22, 1998 12:54 PM Subject: Re: [CANSLIM] ZOMX >Tom, what does "it corrected back to around 13" mean? Does it infer that >14.5 is not a correct price but, why then, did it close at 17 on 3/20 and >not at the correct price of 13? Is this another example of a CANSLIM >oxymoron? :-) > >Bill-->> >------------------------------------------- >At 8:37 PM -0500 3/18/98, Tom Worley wrote: > >> I noted that back in early Feb, it jumped from about 11.5 to 13 on heavy vol. >>Subsequently, in early March, after a gradual move up to about 14.5, it >>corrected back to around 13, but on lighter vol than it had been showing. > >snip... > > > >- > - - ------------------------------ Date: Sun, 22 Mar 1998 20:07:06 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Breakouts - KDN MIKL TSCP Thanks Peter, TSCP just went on my watch list. 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: Peter Christiansen To: CANSLIM Date: Saturday, March 21, 1998 3:42 AM Subject: [CANSLIM] Breakouts - KDN MIKL TSCP >KDN, MIKL, & TSCP are three issues from my watch list that broke out >Friday. I like the looks of all of them; especially TSCP due to the >relative strength and huge volume on up days. I may take a position on >Monday. >-- >Peter Christiansen >Chiang Mai, Thailand > >- > - - ------------------------------ Date: Sun, 22 Mar 1998 20:23:01 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] BLDPF AVEI , APSG, PSIX, PPOD BLDPF - what, a mkt cap of about $2.5 billion on annual sales of less than $30 million suggests it's overvalued?? How about 30X book?? Or maybe forecasts showing substantially increasing losses?? And I'm not even bashing it because it's Canadian! Then again, the mkt sets its own valuation, and obviously some group of investors out there thinks it's worth $116 a share, maybe on expectation of new technology on its fuel cells. It's certainly not CANSLIM with an EPS of 9, however. I was watching APSG, missed it at the pivot off a short base at 16, too extended at 19 for a new buy, altho might be acceptable to add to an existing position. PPOD appears to be trading (recovering) on expectations of decreasing future losses. Like PSIX, internet stocks are not, for the most part, trading on earnings, they are trading on expectations of growth in mkt share. The related groups have rallied primarily due to the cuts in prices on PCs, since this will lead to even more users on the net. Due to the lack of earnings, most will not meet CS criteria. 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: Anindo Majumdar To: canslim@lists.xmission.com Date: Thursday, March 19, 1998 1:36 PM Subject: [CANSLIM] BLDPF AVEI , APSG, PSIX, PPOD > What do folks think of BLDPF AVEI, APSG, PSIX and PPOD ? Group strength for >internet stocks is very favourable. They probably don't qualify on earnings >basis as CANLIM stocks. What about BLDPF ? How can anyone justify its >valuation? > >Anindo > >- > - - ------------------------------ Date: Sun, 22 Mar 1998 19:43:25 -0600 From: "Joe Scott" Subject: [CANSLIM] Quotes Plus This is a multi-part message in MIME format. - ------=_NextPart_000_0109_01BD55CA.C7C6EF20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, I'm trying "Quotes Plus" to screen stocks for CANSLIM candidates, anyone = using this service that might be able to help a dummy with some tips on = defining a scan using this product? =20 I don't want to look for "breaking out" stocks, but ones that are in a 4 = week or better tight base. Relative Strength, earnings? Can it be done = with Quotes Plus? Needing some encouragement to delve deeper into this = Users Manual. don't know a thing, but still trying joe - ------=_NextPart_000_0109_01BD55CA.C7C6EF20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Members,

I'm trying "Quotes Plus" to screen stocks for CANSLIM = candidates,=20 anyone using this service that might be able to help a dummy with some = tips on=20 defining a scan using this product?

I don't want to look for "breaking out" stocks, but ones = that are=20 in a 4 week or better tight base. Relative Strength, earnings? Can = it be=20 done with Quotes Plus? Needing some encouragement to delve deeper = into=20 this Users Manual.

don't know a thing,
but still=20 trying
joe

- ------=_NextPart_000_0109_01BD55CA.C7C6EF20-- - - ------------------------------ Date: Sun, 22 Mar 1998 19:51:32 -0600 (CST) From: John Subject: Re: [CANSLIM] (noncanslim) NOVL - Novell I hear Novel has worked out some new products and is recovering from the hit it tok with nt. I like the chart pattern and plan to watch it closely. xjadair At 08:25 PM 2/2/98 -0500, you wrote: >I believe someone in the group had mentioned trading NOVL at one time or >the other, therefore this post. I realize Novell is not a canslim >candidate, but as a devoted Novell user ( I never have to reboot my 4 >Novell servers, which I have to do to my 1 NT(yes Version4.0) server at >least bimonthly.) I couldn't resist the technical display being put on by >the stock. > >It is putting on an interesting display and certainly is giving off all the >signs of a turnaround. > >This first interesting technical development is the double bottom formation. >1st bottom - June-July 97 >2nd bottom - January 98 > >The second interesting phenomenon that is apparently rare is a diamond >formation between the bottoms. It shows up more clearly on a weekly chart. >According to the Feb 1998 issue of Stocks & Commodities, it is a double top >contained within the double bottom. However I can almost describe 3 tops, a >triple. I don't know the rarity of such an event. The rally in late >November was the assault on the third top, however it never touched the >resistance, therefore I don't know if it counts. > >The rally in early March clearly broke through resistance and has held up >for 3 weeks now. It is currently testing the support of the breakout and >according to money flow, which is diverging from the retrace of the price >back to support, it should hold. > >I would place my first target price at $14 presuming it gets a pop. >( I'm paper trading, by the way! I don't under any circumstances consider >this a recommendation, just an observation!) > >Frank wolynski >( I am often wrong, plan accordingly.) > > >- > > > - - ------------------------------ Date: Sun, 22 Mar 1998 21:08:21 -0500 From: Bill Subject: [CANSLIM] OBV/MF Comparison Connie, thanks for the lesson. Q1: Is there a way to display both OBV and MF on the same display at BigCharts to observe the divergence for your examples? I would assume that you are using something other than BigCharts to do your tracking. Q2: What is your definition of 'positive divergence?' Could this also be described as 'convergence?' Bill-->> - ------------------------------------------------ At 11:56 AM -0500 3/20/98, Connie Mack Rea wrote: >MF is the MoneyFlow indicator in BigCharts.=A0 - - ------------------------------ Date: Sun, 22 Mar 1998 21:08:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Free Research Site Thanks, Bud. Looks like a lot of info there, I expect I will use it more once I lose DG Online. It's now bookmarked. 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: Sunday, March 15, 1998 11:41 AM Subject: [CANSLIM] Free Research Site I am not sure if everyone knows about this sit but I have found it useful. http://www.rapidresearch.com/ - - ------------------------------ End of canslim-digest V2 #159 ***************************** 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.