From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #168 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 Monday, March 30 1998 Volume 02 : Number 168 In this issue: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR RE: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR RE: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR [CANSLIM] Canslim intro. Evelyn@ctaz.com [CANSLIM] Re: CROS and Shorting Re: [CANSLIM] Head Count [CANSLIM] Market Tops [CANSLIM] Market Direction Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com [CANSLIM] Watchlist - Micro-Caps [CANSLIM] Additional Watch List Candidates [CANSLIM] Candies Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com Re: [CANSLIM] Re: CROS and Shorting Re: [CANSLIM] Watchlist - Micro-Caps Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com Re: [CANSLIM] Market Direction Re: [CANSLIM] Market Direction [CANSLIM] Test Msg - Please Delete! Re: [CANSLIM] Stock Charts and Relative Strength [CANSLIM] Re: canslim-digest V2 #167 [CANSLIM] Nice CANSLIM Candidates [CANSLIM] Trader looks at Canslim stock Re: [CANSLIM] MDLK (was Canslim intro. Evelyn@ctaz.com) ---------------------------------------------------------------------- Date: Sun, 29 Mar 1998 10:45:59 -0500 From: "Bud Barton" Subject: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01BD5AFF.DC772CC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable CS Veterans and Veteran "Traders" This is my watch list. I would appreciate any comments especially = negative ones. =20 I am currently holding ZOMX and EPIQ, ZOMX I am comfortable holding but = not sure about EPIQ so comments on EPIQ would be appreciated as well. Bud Barton - ------=_NextPart_000_0006_01BD5AFF.DC772CC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

CS Veterans and Veteran=20 "Traders"

This is my watch list. I would = appreciate=20 any comments especially negative ones.

I am currently holding ZOMX and = EPIQ, ZOMX I am=20 comfortable holding but not sure about EPIQ so comments on EPIQ would be = appreciated as well.

Bud = Barton

- ------=_NextPart_000_0006_01BD5AFF.DC772CC0-- - - ------------------------------ Date: Sun, 29 Mar 1998 11:24:27 -0500 From: "Surindra Singh" Subject: RE: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01BD5B05.3C9C9220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit CS Veterans and Veteran "Traders": I am neither one. So my comments may not be pertinent. I think EPIQ has good concept, but not good income at this time although RS and EPS looks good. Stya away from it as it seems to be heading south. Surindra -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bud Barton Sent: Sunday, March 29, 1998 10:46 AM To: canslim Subject: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR CS Veterans and Veteran "Traders" This is my watch list. I would appreciate any comments especially negative ones. I am currently holding ZOMX and EPIQ, ZOMX I am comfortable holding but not sure about EPIQ so comments on EPIQ would be appreciated as well. Bud Barton - ------=_NextPart_000_0008_01BD5B05.3C9C9220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

CS Veterans and Veteran = "Traders":=20

&nbs= p; = ; = &= nbsp; &n= bsp; =20 I am neither one. So my comments may not be pertinent. I think EPIQ has = good=20 concept, but not good income at this time although RS and EPS looks = good. Stya=20 away from it as it seems to be heading south.

Surindra

-----Original=20 Message-----
From: owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bud=20 Barton
Sent: Sunday, March 29, 1998 10:46 AM
To: = canslim
Subject: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, = XETA,=20 MAIR

CS Veterans and Veteran=20 "Traders"

This is my watch list. I = would=20 appreciate any comments especially negative ones. =

I am currently holding ZOMX and = EPIQ, ZOMX I=20 am comfortable holding but not sure about EPIQ so comments on EPIQ = would be=20 appreciated as well.

Bud=20 Barton

- ------=_NextPart_000_0008_01BD5B05.3C9C9220-- - - ------------------------------ Date: Sun, 29 Mar 1998 11:24:27 -0500 From: "Surindra Singh" Subject: RE: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01BD5B05.3C9C9220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit CS Veterans and Veteran "Traders": I am neither one. So my comments may not be pertinent. I think EPIQ has good concept, but not good income at this time although RS and EPS looks good. Stya away from it as it seems to be heading south. Surindra -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bud Barton Sent: Sunday, March 29, 1998 10:46 AM To: canslim Subject: [CANSLIM] ATMI, GLBL, JKHY, USNA, ROSE, XETA, MAIR CS Veterans and Veteran "Traders" This is my watch list. I would appreciate any comments especially negative ones. I am currently holding ZOMX and EPIQ, ZOMX I am comfortable holding but not sure about EPIQ so comments on EPIQ would be appreciated as well. Bud Barton - ------=_NextPart_000_0008_01BD5B05.3C9C9220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

CS Veterans and Veteran = "Traders":=20

Surindra

CS Veterans and Veteran=20 "Traders"

This is my watch list. I = would=20 appreciate any comments especially negative ones. =

I am currently holding ZOMX and = EPIQ, ZOMX I=20 am comfortable holding but not sure about EPIQ so comments on EPIQ = would be=20 appreciated as well.

Bud=20 Barton

- ------=_NextPart_000_0008_01BD5B05.3C9C9220-- - - ------------------------------ Date: Sun, 29 Mar 1998 10:50:22 -0700 From: Evelyn Fedele Subject: [CANSLIM] Canslim intro. Evelyn@ctaz.com Intro Hi, My name is Evelyn Fedele and I subscribed to this list about a week ago. I find it very interesting and educational. I am a retired Nurse from the State of New York, transplanted to Arizona with my husband Joe. We have 3 adult daughters and 2 adult sons. I have been interested in investing for a long time. Ihave been the Presiding Partner of an Investment Club following the NAIC policy, and I remain a member of that club. I have an online account and have only invested in stocks. I have WON's book HTMMIS and am reading it now. Also went to his seminar in Las Vegas and I receive the IBD via the mail. I am new to the CANSLIM method of investing and hope to be more of a participant on the list, as I gain the knowledge. Looking forward to learning the CANSLIM method and enjoying this list and investing. Thank you. Evelyn F - - ------------------------------ Date: Sun, 29 Mar 1998 10:02:32 -0800 (PST) From: db phoenix Subject: [CANSLIM] Re: CROS and Shorting <> Friday could be interpreted as a day of weakness, but note that the stock closed higher than it opened, which is not a good sign for shorting. Also note that you have price support at 27.5 and a 17d at 28. Therefore, your downside, unless the stock truly collapses, is only a couple of points. Since the stock had a relatively gradual rise (as compared to something like SYNT or SCTR) and is only approaching over-extendedness, I wouldn't consider it a short candidate at all. But, as with everything else, this has to do with my time horizon and the risk/reward ratio I look for. I won't get into a lengthy monologue about shorting techniques right here, but I will say that I avoided the subject for a very long time because I had been told that shorting was only for those who were very adept at buying on the long side. After becoming reasonably competent at buying long, I decided to learn the short side and discovered that this was all a load. I can't think of any single technique that is more helpful in learning to buy long than is learning to sell short, even if you never do it. Learning to look at every trade from the perspectives of both a buyer and a seller is a boon to objectivity and the discipline we all strive for. If what, to you, is weakness and a shorting opportunity is to someone else profit-taking and an opportunity to enter or add to a position, there is obviously cause for further analysis. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 29 Mar 1998 10:11:36 -0800 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] Head Count Count me in too. - -----Original Message----- From: John To: canslim@lists.xmission.com Date: Saturday, March 28, 1998 7:16 PM Subject: Re: [CANSLIM] Head Count > >count me in. >John Adair >At 11:29 PM 3/27/98 -0700, you wrote: >>>Who is counting? I am interested ... John >>>>We need a head count of members of this group that would definitely >>> >sign up for one year of DG Online at $99/each (regardless of whether >>> >you are taking any other WON product). >> >> >>I'd go for it. >> >>James Coburn >>Albuquerque, NM >> >> >> >>- >> >> >> > > >- > > - - ------------------------------ Date: Sun, 29 Mar 1998 13:14:38 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Market Tops > Date: Sat, 28 Mar 1998 17:10:00 EST > From: Eccless > Subject: [CANSLIM] Market Tops, Distribution Day et al. > > I agree with those who have pegged the recent market action as a top. But the > big question is: Is this a major top or just a minor top? If this is a major > correction then it might be advisable to get out of the market. If this is > just a minor wiggle then it would be best to hang on. But the question is, what is your strategy in the event this is a "major top", "minor top", etc.? JW - - ------------------------------ Date: Sun, 29 Mar 1998 13:20:52 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Market Direction > Date: Sun, 29 Mar 1998 10:14:51 -0500 > From: Ari Lawson > Subject: Re: [CANSLIM] Market Direction > > Good point Jeff, I just reread that part of won's book for about the > hundereth time. > Read it twice this weekend alone. Something new every time. Here's one I have overlooked for a while: "Market tops, whether intermediate (usually 8% to 12% declines) or primary bull market peaks, occasionally occur six to seven months after the last major buy point in leading stocks and in the averages." Anyone want to interpret this one with me? My read: new leadership emerged in late January this year. So, that would mean short term top, or something other than "primary bull market peak"? Is there such a thing as a secondary bull market peak? Haven't we been in a bull market so long, this comment is difficult to use? Help! Jeffry - - ------------------------------ Date: Sun, 29 Mar 1998 13:43:28 -0500 From: "Nelson E. Timken, Esq." Subject: Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com This is a multi-part message in MIME format. - ------=_NextPart_000_0081_01BD5B18.A79A6C60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Ihave been the Presiding Partner of an Investment Club >following the NAIC policy, and I >remain a member of that club. I have an online account and have only >invested in stocks. Welcome Evelyn. I too am an NAIC member, although I no longer am on their online mailing list. This is a great list. Tom Worley's analyses and commentaries are extremely worthwhile. The level of expertise and knowledge far outranks NAIC, IMHO, without all the backpatting and personal nonsense. I think you will like it here- I have. - ------=_NextPart_000_0081_01BD5B18.A79A6C60 Content-Type: text/x-vcard; name="Nelson E. Timken, Esq..vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nelson E. Timken, Esq..vcf" BEGIN:VCARD VERSION:2.1 N:Timken, Esq.;Nelson;E. FN:Nelson E. Timken, Esq. ORG:JN Financial TITLE:Member TEL;WORK;VOICE:(718) 776-0084 TEL;WORK;FAX:(718) 776-0084 ADR;WORK:;;80-41 230th Street;Bellerose Manor;NY;11427-2105;USA LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor, NY 11427-2105=3D0D=3D0AUSA EMAIL;PREF;INTERNET:netimken@erols.com REV:19980329T184328Z END:VCARD - ------=_NextPart_000_0081_01BD5B18.A79A6C60-- - - ------------------------------ Date: Sun, 29 Mar 1998 14:04:34 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Watchlist - Micro-Caps Added: CDWI - CD Warehouse Eps/RS 98/96 - U/D 4.8 - Institutions hold 0%. BWN - Bowlin Out Adv_Travel 83/96 - U/D 3.5 - Instits hold 1%. Both microcaps. Frank Wolynski (Wrong alot, beware!) - - ------------------------------ Date: Sun, 29 Mar 1998 14:42:06 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Additional Watch List Candidates TWMC is basing nicely. EPS/RS 67/99. One I don't think has been mentioned is: MINI - Mobile Mini Inc EPS/RS 92/98. Grp 45. U/D 3.4 Instits hold 3%. 4.2mil float. Mgmt own 37%. - - ------------------------------ Date: Sun, 29 Mar 1998 12:59:50 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Candies Tom, you may find this one interesting - Candies (CAND), a low priced stock that seemed to break out. Some guy on NBR recommended it on Friday. - - ------------------------------ Date: Sun, 29 Mar 1998 17:44:42 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com Welcome to the group, Evelyn. Feel free to ask questions or offer your "picks" for comments. 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: Evelyn Fedele To: canslim@xmission.com Date: Sunday, March 29, 1998 1:00 PM Subject: [CANSLIM] Canslim intro. Evelyn@ctaz.com >Intro > >Hi, My name is Evelyn Fedele and I subscribed to this list about a week >ago. I find it very interesting >and educational. I am a retired Nurse from the State of New York, >transplanted to Arizona with my > > - - ------------------------------ Date: Sun, 29 Mar 1998 17:48:34 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Re: CROS and Shorting Shorting is for highly experienced investors/traders with high risk tolerance because the potential loss is infinite. This can be reduced by buying puts rather than actually shorting. For the inexperienced, play shorts on paper and stay in cash. 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: db phoenix To: canslim@lists.xmission.com Date: Sunday, March 29, 1998 1:01 PM Subject: [CANSLIM] Re: CROS and Shorting > >I won't get into a lengthy monologue about shorting techniques right >here, but I will say that I avoided the subject for a very long time >because I had been told that shorting was only for those who were very >adept at buying on the long side. After becoming reasonably competent >at buying long, I decided to learn the short side and discovered that >this was all a load. I can't think of any single technique that is >more helpful in learning to buy long than is learning to sell short, >even if you never do it. Learning to look at every trade from the >perspectives of both a buyer and a seller is a boon to objectivity and >the discipline we all strive for. If what, to you, is weakness and a >shorting opportunity is to someone else profit-taking and an >opportunity to enter or add to a position, there is obviously cause >for further analysis. > >--Db > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ Date: Sun, 29 Mar 1998 17:56:43 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Watchlist - Micro-Caps Frank, Both already extended, but with such small floats, may still be a play there, at least with CDWI. I don't like the last (Q3) rev or earnings on BWN, but the chart suggests the mkt is expecting better nrs to be reported any day for Q4. 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: Sunday, March 29, 1998 2:06 PM Subject: [CANSLIM] Watchlist - Micro-Caps >Added: >CDWI - CD Warehouse Eps/RS 98/96 - U/D 4.8 - Institutions hold 0%. >BWN - Bowlin Out Adv_Travel 83/96 - U/D 3.5 - Instits hold 1%. > >Both microcaps. > >Frank Wolynski >(Wrong alot, beware!) > > >- > - - ------------------------------ Date: Sun, 29 Mar 1998 18:18:17 -0500 From: Ari Lawson Subject: Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com Dear Tom, I'm David.You'll have to excuse me.I'm new to this.However i have read HTMMIS.If you could refer to page 97 of WON'S book it would make it easy.If you can't he says"one important exception was made in the "sell at +20% rule." If the stock was so strong that it vaulted 20% in less than eight weeks,the stock had to be held at least eight weeks.Then it would be analyzed etc. I respect your opinion,otherwise i wouldn't own this security(purchased at 16.785 at your recomendation+ my research).It seems to me this stock(MDLK)still has alot of potential. I'm with Joe,I don't know a hell of a lot! P.S I don't know were you find the time to do what you do!You must have some expertise in typing!!! - - ------------------------------ Date: Sun, 29 Mar 1998 22:03:40 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Market Direction At 13:20 3/29/98 -0500, Jeffry White wrote: > "Market tops, whether intermediate (usually 8% to 12% declines) or >primary bull market peaks, occasionally occur six to seven months after >the last major buy point in leading stocks and in the averages." > >Anyone want to interpret this one with me? My read: new leadership >emerged in late January this year. So, that would mean short term top, >or something other than "primary bull market peak"? Is there such a >thing as a secondary bull market peak? Haven't we been in a bull market >so long, this comment is difficult to use? >Help! >Jeffry > Last summer it was the Semis & Techs, then by Oct Oils. Banks ran on into December and then Home construction and Airlines took over. Even a period during Oct-Dec the Utilities really shined. Once the market took off, the poor performers took over, Automobile manufacturers then Steel. Now it seems it Precious metals and Oils again, at least the Field Maintenance/Support groups. I would agree that the bull has been running in this market for quite some time! No pun intended, and I too have difficulty concluding a secondary peak or that it is a peak at all. Kens remark from Friday, that not all stocks went down in the '87 decline is absolutely true and the basis for my opinion that you can always be in the market. You just need to be in the right place! Yeah, Duh! During Oct-Dec, many may have concluded it was a horrible market, but hindsight finds the Banking groups, Home construction and Airlines did very well. (Atlantic Coast Airlines up over 60%!) On paper, I was in all three groups and except for poor timing in Home Construction, did quite well. On paper anyway. Soon I'll see how well that translates to real $$$$. Anyway I think leadership has changed so many times since the market got my attention back in October, it is hard to keep score! Stay "agile" is the word that comes to mind. My inquiries regarding the market are placed to help me decypher action taking place in the markets, both real and imaginary. I too often put my blinders on and find I have replaced the normally opaque side panels with transparent glass! I let all kinds of stuff leak in to my senses! Elders book "Trading For A Living" is helping with the phychological aspects of the money part. I don't know what to do about the noise, it does affect me! I still let my skeptical side dominate, however. With the valuations so high, I can't help but think all the action in the lower tier stocks is the end of quarter window dressing Tom mentioned. I know the relative strength of the Russell 2000 is improving and the NASDAQ held up quite well, and I am arguing with the market! Maybe I'm right, maybe I'm wrong. Either way, I have a reasonable plan that I am comfortable with. I can sleep at night! Frank Wolynski ( It's my constitutional right to be wrong, which I often am, plan accordingly!) P.S. Anyone hear any news that accounts for the solid recovery of the Steel groups? Metal Proc&Fabrication is really moving up stong in ranking and many charts look very good! Strong divergence in Price/Money Flow with GNRL - - General Bearing. I believe it was spotlighted in IBD a month or so ago. Others doing well in the group: ALGI, RS, KDN, LIND. - - ------------------------------ Date: Sun, 29 Mar 1998 22:03:40 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Market Direction At 13:20 3/29/98 -0500, Jeffry White wrote: > "Market tops, whether intermediate (usually 8% to 12% declines) or >primary bull market peaks, occasionally occur six to seven months after >the last major buy point in leading stocks and in the averages." > >Anyone want to interpret this one with me? My read: new leadership >emerged in late January this year. So, that would mean short term top, >or something other than "primary bull market peak"? Is there such a >thing as a secondary bull market peak? Haven't we been in a bull market >so long, this comment is difficult to use? >Help! >Jeffry > Last summer it was the Semis & Techs, then by Oct Oils. Banks ran on into December and then Home construction and Airlines took over. Even a period during Oct-Dec the Utilities really shined. Once the market took off, the poor performers took over, Automobile manufacturers then Steel. Now it seems it Precious metals and Oils again, at least the Field Maintenance/Support groups. I would agree that the bull has been running in this market for quite some time! No pun intended, and I too have difficulty concluding a secondary peak or that it is a peak at all. Kens remark from Friday, that not all stocks went down in the '87 decline is absolutely true and the basis for my opinion that you can always be in the market. You just need to be in the right place! Yeah, Duh! During Oct-Dec, many may have concluded it was a horrible market, but hindsight finds the Banking groups, Home construction and Airlines did very well. (Atlantic Coast Airlines up over 60%!) On paper, I was in all three groups and except for poor timing in Home Construction, did quite well. On paper anyway. Soon I'll see how well that translates to real $$$$. Anyway I think leadership has changed so many times since the market got my attention back in October, it is hard to keep score! Stay "agile" is the word that comes to mind. My inquiries regarding the market are placed to help me decypher action taking place in the markets, both real and imaginary. I too often put my blinders on and find I have replaced the normally opaque side panels with transparent glass! I let all kinds of stuff leak in to my senses! Elders book "Trading For A Living" is helping with the phychological aspects of the money part. I don't know what to do about the noise, it does affect me! I still let my skeptical side dominate, however. With the valuations so high, I can't help but think all the action in the lower tier stocks is the end of quarter window dressing Tom mentioned. I know the relative strength of the Russell 2000 is improving and the NASDAQ held up quite well, and I am arguing with the market! Maybe I'm right, maybe I'm wrong. Either way, I have a reasonable plan that I am comfortable with. I can sleep at night! Frank Wolynski ( It's my constitutional right to be wrong, which I often am, plan accordingly!) P.S. Anyone hear any news that accounts for the solid recovery of the Steel groups? Metal Proc&Fabrication is really moving up stong in ranking and many charts look very good! Strong divergence in Price/Money Flow with GNRL - - General Bearing. I believe it was spotlighted in IBD a month or so ago. Others doing well in the group: ALGI, RS, KDN, LIND. - - ------------------------------ Date: Sun, 29 Mar 1998 22:21:12 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Test Msg - Please Delete! Please Ignore, this is a test. Double messages have been arriving. I believe because the mail server has been auto forwarding from the address I used (canslim@lists.xmission.com) to (canslim@mail.xmission.com). Frank Wolynski - - ------------------------------ Date: Sun, 29 Mar 1998 19:33:25 -0800 From: Bob Gibson Subject: Re: [CANSLIM] Stock Charts and Relative Strength At 08:22 PM 3/27/1998 -0500, you wrote: >At 18:57 3/27/98 -0500, Tom Worley wrote: >>We need a head count of members of this group that would definitely >>sign up for one year of DG Online at $99/each (regardless of whether >>you are taking any other WON product). > >Count this head as a definite, if the price were $99!!! > >Frank Wolynski Count me in at that price. Bob Gibson - - ------------------------------ Date: Sun, 29 Mar 1998 20:01:11 -0800 From: ladypi Subject: [CANSLIM] Re: canslim-digest V2 #167 canslim: I would purchase the annual signup from DailyGraphs if the price were either $79 or $99.00 Just started using it after hearing everyone rage over its contribution to ones ability to learn. I can easily see my learning curve will go up faster w/ this type of quality info. Judy - - ------------------------------ Date: Sun, 29 Mar 1998 23:25:21 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Nice CANSLIM Candidates AWRD - Award Software Inc EPS/RS 96/82 - U/D 2.7 - Instits=10% - Float 3.5mil ARSC - Aris Corporation EPS/RS 99/78 - U/D 1.2 - Instits=20% - Float 3.7mil AWRD - approx $12 Group=Computer/Software-Enterprise ARSC - approx $28 Group=Computer-Services I freely admit pilfering these finds from the AOL canslim message board. Don't toss me out of the group for using AOL! It is part of my job! The AOL canslim group seems mostly comprised of name callers and finger pointers, but they have a monthly canslim contest and each contestant has to justify his contest entry! Sometimes interesting reading. Frank Wolynski (Wrong lots!) - - ------------------------------ Date: Mon, 30 Mar 1998 01:14:59 -0500 From: Connie Mack Rea Subject: [CANSLIM] Trader looks at Canslim stock Members-- Frank mentioned two stocks that I presume are Canslim candidates: AWRD and ARSC. May I offer a couple of comments about the stocks through a trader's eyes. Were I to make a list of questions sent to me publicly and privately, first would be questions about when to sell; second, when to buy; third, what is positive divergence when related to OBV/MF. Let me speak first to ARSC, for it is the most interesting--to me. What I wish to point out is that ARSC is an instance of a stock that a trader, a swing trader, and a Canslimer might wish to buy. It does not meet the stringent positive divergence for my OBV/MF, but, otherwise, it is a sound buy. Pull up a 1-mos chart on BigCharts; put MoneyFlow in the lower window; and put a 3/7/10 EMA on the price chart. Draw a trend line across the top of price, using the 3-line of the EMA as your guide. You should then have begun a trend line at about the 11th and used the 18th or 19th as your other point; extend the line all the way to the right of the chart. On the MF window, draw a trend line from 0, through the tops at the 10th or 11th, and on through the tops of the 16th and 17th. Extend the line out to the right edge. The two trend lines provide an example of positive divergence: the trend line on price is declining; the trend line on MF is inclining. The MF line is not a buy/sell line; it only speaks to the trend, and, in this instance, a quite short trend. Four points are relevant about the upper chart. First: The SAR has reversed and has given a first day buy after the little correction down to 25 or so. Second: If you've drawn the trend line correctly, it should have intersected the EMAs on Thursday; thus a second buy was given. In my own interpretation, the latter is more important than the former. Remember I used the 3-EMA as my guide for the trend line; most would use the stock price. Third: the 3/7/10 EMA gave a buy on the 26th. Fourth, and most important for me: Notice that there is an internal positive divergence inside the longer one running from about the 5th, where I began the trend line in the MF window and extended it out to the right edge. This internal positive divergence runs from about the 16th to the 24th: the price is declining and the MF is rising. After the 24th the MF tracks price. Of further significance are the gap openings of the last days and their higher closes. These gaps are not to be taken lightly, for they, too, are powerful indicators. For candle readers, the candle's close on the 26th indicates that buyers and sellers were at a stand off. The opening on the 27th hints that the buying pressure is easing, for the stock opens at the previous day's close. The stock closes higher, but the candle [the box] shows a close below the day's high. Therefore, still reading candles, we might expect a flat to down opening on Monday. Nothing to worry about, for the 3/7/10 EMA and the SAR are signalling to buy. The OBV does not show a positive divergence, but it does not show a negative divergence either; it tracks price. The MACD looks good and will probably give a buy on Monday with just a little increase in price. The SlowStochastic gave a buy on the 24th, though you couldn't be sure until the 25th. Momentum and RSI look okay. Notice that on the Volume+ screen that there is a big negative volume accompanied by a slight increase in price. Without trying to explain this counterintuitive action, you may read it as a positive divergence. The following three days were strongly up. On the Volume+ chart, note that the volume dried up on Friday, a further hint that Monday might be a down day, but not one to worry about because the 3/7/10 EMA and SAR buys are intact. Monday might be a chance to buy on any correction. AWRD is a decently strong stock but of no interest to me. Too much has happened; too much juice has been squeezed. The OBV/MF track nicely, but not in positive divergence. My 3/7/10 EMA buy signal occurred back on the 10th or 11th. The SAR occurred even earlier on the 5th. Technically, the chart shows that there is still more to make in the stock. Remember that I am indifferent to group strengths and all other value-picking judgements. I trade only on the technical side. However, what Canslimers hold valuable does not necessarily conflict with trader and technical principles. The one place where we sometimes cross interests--most important interests--is the entry and exit point. One member noted that my gut feeling about the market and my technical indicators have been giving diametric signals. Consequently, while Canslimers ought to have been heavy-long in the market, I have been light-long. I have been able to pay the rent and have bought a good bottle of wine for my labors. For the first time in quite a while, my technical indicators hint at a rolling over in the DOW. The NASDAQ looks less weak. Am glad to see so many lurkers exposing themselves--no offence to you Clinton folks. You'll find the members extraordinarily congenial and helpful. Connie Mack - - ------------------------------ Date: Mon, 30 Mar 1998 06:09:54 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MDLK (was Canslim intro. Evelyn@ctaz.com) Ari, Please let me make something very clear one more time. I DO NOT MAKE RECOMMENDATIONS. I do express my own opinion, apparently too often for some, but they are just that: my opinion, and based on what works for me, is suitable to my finances, and my risk tolerance. I am trying to build up the equity in both my IRA and my cash acct. Unfortunately, so far my best winners have been in the IRA while I need the cash in the trading acct to pay bills. Oh well, least I don't have to pay taxes unless I take the money out. I agree that MDLK still looks strong, I still have it on my monitor and may well buy it back at some point. I sold simply to protect the profit I had, to guard against a short pullback on a very extended stock, and from concern over the rapidly decreasing volume. Despite the drop in vol, however, it continues to hold at its highs, which is a strong positive to me. One of my biggest failures has been my selling discipline, and all too often I have held longer than I should in a pollyanna kind of thinking that it would keep going up, or recover from a moderate correction (witness MSON and SOCR). With EPIQ, I did attempt to hold for 8 full weeks as per WON, finally gave in to concerns over the Iraq situation and sold after 7 weeks for a 70% net gain. I agree with WON's stance on selling when you have a 20% profit only as he qualifies it, that is, to build up some profits and gain personal confidence that you know what you are doing. After that, however, the stock should tell you when to sell, not the percentage gain. I had one stock triple on me the same day I bot it, and only sold half the position. I have held stocks for over a year for over 100% gains. Once I started listening to the stock instead of arguing with it, I started doing better overall. 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 Cc: mdlk@smtp1.erols.com Date: Sunday, March 29, 1998 6:17 PM Subject: Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com >Dear Tom, > I'm David.You'll have to excuse me.I'm new to this.However i have read >HTMMIS.If you could refer to page 97 of WON'S book it would make it >easy.If you can't he says"one important exception was made in the "sell >at +20% rule." If the stock was so strong that it vaulted 20% in less >than eight weeks,the stock had to be held at least eight weeks.Then it >would be analyzed etc. > I respect your opinion,otherwise i wouldn't own this >security(purchased at 16.785 at your recomendation+ my research).It >seems to me this stock(MDLK)still has alot of potential. > > I'm with Joe,I don't know a hell of a lot! > >P.S I don't know were you find the time to do what you do!You must have >some expertise in typing!!! > > >- > - - ------------------------------ End of canslim-digest V2 #168 ***************************** 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.