From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #169 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 169 In this issue: Re: [CANSLIM] Market Direction [CANSLIM] core labs (CRLBF) Re: [CANSLIM] Nice CANSLIM Candidates [CANSLIM] Re: Shorting and Market Peaks Re: [CANSLIM] Re: CROS and Shorting Re: [CANSLIM] core labs (CRLBF) [CANSLIM] UBIX....From AOL CS Contest Re: [CANSLIM] core labs (CRLBF) [none] [CANSLIM] FW: Recommendation - was MDLK Re: [CANSLIM] Head count - Send to headcount@hotmail.com RE: [CANSLIM] head count [CANSLIM] Shorts Re: [CANSLIM] Industry Group List available from IBD! [CANSLIM] Re.DG-Online Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com [CANSLIM] headcount [CANSLIM] Recommendation - was MDLK Re: [CANSLIM] Shorts [CANSLIM] headcount [CANSLIM] Re: Re: [CANSLIM] Re: Market Direction [CANSLIM] TLC [CANSLIM] Non Canslim ---------------------------------------------------------------------- Date: Mon, 30 Mar 1998 06:23:07 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Market Direction Frank, While some may dismiss it simply as "noise" and I would agree that it is not pure CANSLIM as defined by WON, from my personal experience, including my use of CANSLIM, I find it helps understand the mkt if you understand economics and mkt dynamics. I was not surprised to see the groups related to construction, esp home construction, do so well after the banks groups became leaders as I recognized that the financials groups were prospering on falling interest rates. What is good for one is good for the other, but there is typically a time lag. Likewise, as an El Nino inspired mild winter dropped the demand for heating oil, I was not surprised to see energy costs falling, and even a small drop is highly beneficial to the airlines, where fuel is a big part of their costs. Thus this group rallying was again logical. Has this record setting bull mkt ended? Not IMHO. Is it more "aging" than has been the case for several years of being described as such? Yes. Corporate earnings, esp on big cap stocks, showed a remarkable drop in Q4, and I expect to see the same in Q1. At this point analysts have sharply cut their forecasts, thus we may see more positive surprises, but they are only surprises against the most current forecasts and would still be sharp disappointments against the forecasts that existed on 1/1/98. However, as long as the US economy remains healthy, inflation remains low, strong employment continues, I think this "aging bull" is not done. 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 ; canslim@mail.xmission.com Date: Sunday, March 29, 1998 10:05 PM 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: Mon, 30 Mar 1998 08:46:07 -0500 From: dougr@aloft.micro.lucent.com (Douglas_Rhodes) Subject: [CANSLIM] core labs (CRLBF) I saw Core Laboratories NV (CRLBF) come up as a possible canslim stock in Monday's IBD NASDAQ graphs. EPS: 99 REL STR: 94 ACC/DIST: B Float: 24 million Chart looks like a classic C/H with breakout on high volume. Negatives: Group Str: E Comments? - --Doug - - ------------------------------ Date: Mon, 30 Mar 1998 09:14:39 EST From: DCSquires Subject: Re: [CANSLIM] Nice CANSLIM Candidates In a message dated 98-03-29 23:30:48 EST, you write: << 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 >> Just looking at the charts AWRD looks nice. Great volume on big up days. I would like to see a handle/consolidation as a spring board for a new advance. ARSC is wide and loose IMO. - - ------------------------------ Date: Mon, 30 Mar 1998 06:28:55 -0800 (PST) From: db phoenix Subject: [CANSLIM] Re: Shorting and Market Peaks <> Selling short is no more difficult or complex than buying long. As with buying long one must learn what to look for, have a strategy mapped out, know where to place stops, and have the discipline to trip them when necessary. Buying puts does not accomplish the same objective due to time decay and the premiums. As far as what to do about minor, major, intermediate, or whatever market peaks, to a large extent it doesn't really make any difference what anybody thinks or says. If you have acquired discipline, achieved objectivity, and have your stops appropriately placed, CS will get you out of the market automatically when necessary. If the market is truly in trouble, CS will also make it difficult for you to get back in, due to nonconstructive chart patterns, or stay in, due to being stopped out almost immediately after taking a position. Stay objective, stay disciplined, and let CS do its work. If a price is far from support, tighten your stops if you truly want to, but don't raise a stop to meet a falling stock. If you want to sell it, sell it, and stop futzing. But don't change your strategy midstream based on something you read on a message board. That defeats the purpose of becoming disciplined in the first place. If you're going to change your strategy, do it because of what you observe and experience in the market. That's what journals are for. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 30 Mar 1998 09:36:33 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Re: CROS and Shorting At 10:02 3/29/98 -0800, db phoenix wrote: > >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. I have felt this ever since eyeing my first chart. If it isn't a buy, then it must be a sell. After all there are only three directions a security can move, ^,v, or > (up, down or mostly sideways!) I often got a cringe from friends who I suggested learning the art of shorting to, but they were so confident on the long side! It seemed a paradox to me. I understand the infinite risk with shorting, but feel as you do in your last sentence above! No other single activity would help improve my long results more! >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. I constantly amaze myself, when I think I am being totally objective and 2-4 weeks later I am reviewing my paper trades. I look at a ticker in my paper portfolio and ask myself, "Why in the world did you buy that then?", what could I have been thinking! When I remember, I realize how much of a line I had fed myself! It has helped with the objectivity and perspective. Thanks Db, Frank Wolynski - - ------------------------------ Date: Mon, 30 Mar 1998 09:41:09 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] core labs (CRLBF) At 08:46 3/30/98 -0500, Douglas_Rhodes wrote: >I saw Core Laboratories NV (CRLBF) come up as a possible canslim stock in >Monday's IBD NASDAQ graphs. > >EPS: 99 >REL STR: 94 >ACC/DIST: B >Float: 24 million >Chart looks like a classic C/H with breakout on high volume. > >Negatives: >Group Str: E > >Comments? > >--Doug > I like CRLBF. It is on my watch list along with FGII, NOI & VRC. Frank Wolynski (Often wrong, plan accordingly.) - - ------------------------------ Date: Mon, 30 Mar 1998 09:43:25 EST From: DCSquires Subject: [CANSLIM] UBIX....From AOL CS Contest This stock is a little loose but the triple digit sales a profit growth caught my eye. From AOL CS Contest UBICS INC (UBIX) Computer Services Provider of Information Technology (IT) Services to Large andMedium-sized buisiness. (ABout over 90 percent works are from foreign countries with temporary work permit.) EP/RS/GS/D-A = 99/85/95 A C=400% (.10 vs. 0.02) --( Previous Qtr +1100%, 0.12 vs. 0.01) A=+94% N= NH= 12 1/4 wil spend $3.2 M to develop an IT recruit and training ctr in India with IPO proceed. S=2.1 float (6.5 total) L=RS 85 in strong group I=18 % (DG) M= good still. - - ------------------------------ Date: Mon, 30 Mar 1998 10:44:03 EST From: DCSquires Subject: Re: [CANSLIM] core labs (CRLBF) In a message dated 98-03-30 10:10:50 EST, you write: << I saw Core Laboratories NV (CRLBF) come up as a possible canslim stock in >Monday's IBD NASDAQ graphs. >> I have been very interested in buying this stock but the volume action has not been impressive. The stock had some trouble coming out of its base on Monday and on the highest volume day last week CRLBF closed at the low of the day. Now it is rising on declining volume. The weekly chart that was in IBD shows a more positive picture with a nice move out on heavy volume.It may go to the moon but the odds seem to be against you here. My 2 cent! DSquires - - ------------------------------ Date: Mon, 30 Mar 1998 10:11:10 -0600 (CST) From: mckeener@ix.netcom.com Subject: [none] Hello Everyone, This is my second message to this group, but I don't know what happened to the first. Thanks for all your valuable advice and support. I've been trading since August, mostly unsuccessfully. Since receiving these messages, however, I'm doing a bit better in the sense that I'm not losing as much. Made a nice trade in EPIQ watching it when Tom first mentioned it, buying when it started going up and selling just before it dropped. Thanks, Tom. Appreciate your technical analysis, Connie, which I'm studying using your step-by-step approach. I really liked the "Choices in Life", Tom, and I'll be using this with my ESL class. Regards to all, Mary Keener McKeener@ix.netcom.com - - ------------------------------ Date: Mon, 30 Mar 1998 18:13:25 +0200 From: Derrick REAGINS Subject: [CANSLIM] FW: Recommendation - was MDLK > Tom > > I am in complete agreement with you on this email. I, as many others, > > greatly appreciate your insight. I do however find that many post > have > a "I'm following the leader" tone. Readers, Tom's insights are great > but please > do not fall into the "buying the rumor" syndrome. It useful to > discuss other > securities on people's watch lists who subscribe to the CANSLIM > philosphy, > but readers should not take these post as recommendations. These > post, > in my opinion, should be mere topics of discussion. Unfortunately due > to > Tom's thoughtful insights, many of his post, irregardless of his > disclaimer, have > been interpreted as recommendations. Let's put forth an effort to > assist each > other in finding CANSLIM securities, but let each person understand > the basic > analysis of the securities and from their own understanding execute a > transaction. > > Success to all. > > Derrick REAGINS > dreagins@businessobjects.com > > -----Original Message----- > From: Tom Worley [SMTP:stkguru@netside.net] > Sent: Monday, March 30, 1998 1:10 PM > To: canslim@lists.xmission.com > 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!!! > > > > > >- > > > > > - - - ------------------------------ Date: Sat, 28 Mar 1998 21:18:19 -0600 (CST) From: John Subject: Re: [CANSLIM] Head count - Send to headcount@hotmail.com xjadair2brightok.net trades 20 40 / year I will subscribe at what ever the cost but your idea sounds good but Unllikely to succeed. But give it a try. At 07:42 PM 3/27/98 -0800, you wrote: >OK, everyone Iwill do the headcount. I will set up data base and keep >track of it. After we have the numbers we will discuss how to deal >with WON. I would suggest sending to me at headcount@hotmail.com the >following information. > >1. e-amil address >2. number of trades a year >3. subscribe at $100? >4. subscribe at $200? >5. subscribe at $300? >6. subscribe at $400? >7. anything else you think would be useful. > >I will give you a running count every few days. > >BTW, does anyone follow the VIX. It has moved up bigtime this week >and is currently at 24.4 indicating a possible top. > >Ciao, >Rich > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > > >- > > > - - ------------------------------ Date: Sun, 29 Mar 1998 08:04:17 -0500 From: Richard Knowles Subject: RE: [CANSLIM] head count I'm interested too Rich Knowles richard.knowles@lexis-nexis.com - -----Original Message----- From: infobelize@kearney.net [SMTP:infobelize@kearney.net] Sent: Sunday, March 29, 1998 7:10 AM To: canslim@lists.xmission.com Subject: [CANSLIM] head count I would go for the $99/ DG if available. Definitely rtu - - - - ------------------------------ Date: Sun, 29 Mar 1998 13:09:54 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Shorts Frank wrote: > I found a few breaking down and trending in lower trend channels in the > housing group. Money Flow getting a bit ragged also. Some folks are of the > opinion the FED will have to do something about the Hot, Hot, Hot housing > market, (real estate values escalating rapidly, home sales setting > records). They say to "sell on the good news". Well, Crosman Communities > (CROS) seems poised for a short term fall. Three days of above average > volume with no accompanying price move. In the lower trend channel failing > to break back into the upper channel. > > Group was in the Top 5 ever since early December, now ranked # 13 and > falling. > > Okay, I'm a target, shoot it full of holes. > > Thanks and Best Regards, > > Frank Wolynski > ( I am often wrong, plan accordingly!) > Frank, you seem to have done alot of work on industry groups. Can you tell me how you assembled the weekly most down groups in IBD? Hope it's not something I should have seen in the rag long ago!! ;) For the short angle, may I suggest you shell out $60 for the "Pitbull Guide to Shorting Hi-Performance Stocks". Gives you a nice, simple method of finding the highest flying leaders which are giving early signs of breaking down. Coupled with a little chart reading for shorts, as described in HTMMIS, and indicators like Money Flow and OBV, you can find some great picks. Recent picks: LCOS, AVEI, RXSD, MAST, CLCX and on and on. BTW, what do you think of the MF and OBV on LCOS? Also, if you watch the candidate list you create weekly very closely, you begin to see which groups are failing. Currently, Internet softward, enterprise software are breaking down, stock by stock. Better yet, if you can catch a "top" (intermediate or better), the returns using Puts are extraordinary. For example, in early Oct of last year, the chips and oils starting spitting out short signals on the PB. Look where they ended up several months later. Worth a look, Frank, if you want something to lean on for shorting. Regards. - - ------------------------------ Date: Sun, 29 Mar 1998 11:10:48 -0700 From: "James B. Andrews" Subject: Re: [CANSLIM] Industry Group List available from IBD! Years ago IBD sold the list on a floppy disk for $15.... Maybe if the list asks they will make it available again on a 3.5 inch floppy... Otherwise someone will buy the printed list, scan it and start selling it illegally on the Internet... Jim Andrews Phoenix At 09:24 AM 3/29/98 -0500, you wrote: >IBD has returned to publishing their Industry Group guide. It is available >for $35 + shipping from IBD's library. Call 800-815-6300. > >It was mentioned in "To Make a Long Story Short", page 1 on Monday's paper. > >I believe it is officially known as the "Industry Group and Ticker Symbol >Guide". > >Frank Wolynski > > >- > > > - - ------------------------------ Date: Sun, 29 Mar 1998 13:57:56 -0500 (EST) From: JANSI1AUG1 Subject: [CANSLIM] Re.DG-Online Tom, That's a good idea to take a head count of those willing to subscribe to DG-Online for less than the amount they plan charging. (I know Rich says he will do it-so Rich, include me in for any and all amounts at less than DG now intends on charging-but I can't write to him because I mislaid the E-mail address.) Also, if it's okay with Jeff-the one who began this group, and who spends his time facilitating our communications with one another-I think Tom's idea to allow DG to advertise in the Digest is ingenious. Since, most of our analyses are based on WON's ideas, letting DG advertise in the Digest makes DG-Online, in effect, the official sponsor of the Canslim Digest; and offers a ready and continuing market for DG's services. Since the subscription price is hefty (about $720/yearly), DG says is it willing to pare it down to $99 for those who take DG paper services. To include Digest subscribers in the special rates they offer to DG newspaper subscribers there would need to be only around 7.2 times as many $99 subscribers as $720 subscribers. (So, for instance, if 50 Digest subscribers are willing to pay $720/yearly for DG-Online, you would need around 350-360 subscribers at $99 to equal the amount of revenue DG would obtain at $720 for 50 subscribers.) But, remember, DG gets an additional benefit: Advertising its products (including IBD, DG, and even WON books) to a ready and eager market. In effect, then, we've saved them lots of money by focusing the market for them. And we are helping them make money by advertising their products for free. Neither side is scamming the other;both benefit: DG, not improbably, makes more money than it would without this free base of advertising; and the subscribers benefit because DG-Online really is a good product. It is just tooooooo expensive-especially for individual investors just starting out. jans - - ------------------------------ Date: Sun, 29 Mar 1998 21:06:32 -0500 From: Mark Schiffner Subject: Re: [CANSLIM] Canslim intro. Evelyn@ctaz.com Although I am not much of a contributer to the list, thought I would say welcome to you. I am in "learning" mode, have to young boys and am learning to invest. Mark Schiffner - - ------------------------------ Date: Sun, 29 Mar 1998 19:18:46 -0800 (PST) From: richard mandel Subject: [CANSLIM] headcount Hi Everyone, The headcount stands at 32 with less than half that many willing to pay $200 for Daily Graphs Online. If you have not responded please reply to this posting with the following information: 1. e-mail address 2. trades per year 3. willing to spend $100 to subscribe 4. willing to spend $200 to subscribe 5. willing to spend $300 to subscribe 6. willing to spend $400 to subscribe 7. any other thoughts Thanks, Rich ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Mon, 30 Mar 1998 13:43:46 +0200 From: Derrick REAGINS Subject: [CANSLIM] Recommendation - was MDLK Tom I am in complete agreement with you on this email. I, as many others, greatly appreciate your insight. I do however find that many post have a "I'm following the leader" tone. Readers, Tom's insights are great but please do not fall into the "buying the rumor" syndrome. It useful to discuss other securities on people's watch lists who subscribe to the CANSLIM philosphy, but readers should not take these post as recommendations. These post, in my opinion, should be mere topics of discussion. Unfortunately due to Tom's thoughtful insights, many of his post, irregardless of his disclaimer, have been interpreted as recommendations. Let's put forth an effort to assist each other in finding CANSLIM securities, but let each person understand the basic analysis of the securities and from their own understanding execute a transaction. Success to all. Derrick REAGINS dreagins@businessobjects.com > -----Original Message----- > From: Tom Worley [SMTP:stkguru@netside.net] > Sent: Monday, March 30, 1998 1:10 PM > To: canslim@lists.xmission.com > 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!!! > > > > > >- > > > > > - - - ------------------------------ Date: Mon, 30 Mar 1998 08:57:24 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Shorts At 01:09 PM 3/29/98 -0500, you wrote: >For the short angle, may I suggest you shell out $60 for the "Pitbull >Guide to Shorting Hi-Performance Stocks". Gives you a nice, simple >method of finding the highest flying leaders which are giving early >signs of breaking down. Coupled with a little chart reading for shorts, >as described in HTMMIS, and indicators like Money Flow and OBV, you can >find some great picks. Recent picks: LCOS, AVEI, RXSD, MAST, CLCX and >on and on. > We'll see who's right on RXSD, but I just doubled my position on it this morning. It looks like a great candidate for taking off from the one-day bottom created by this recent attempt to "churn" some accounts by one of the houses. I'd add Excite and Yahoo, and possibly Amazon, to Lycos - they're so incredibly ocvervalued it's inevitable that they will correct at least 20% sometime. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Mon, 30 Mar 1998 09:03:56 -0800 (PST) From: richard mandel Subject: [CANSLIM] headcount Dear members: The current headcount is 32 at $100 per year and 15 willing to pay $200 per year. If you have not sent in your preferences, please do so. The current number of possible subscribers will give us absolutely no clout in negotiating a deal with WON. So again, those interested in subscribing to Daily Graphs on Line who have not replied at this address, please send: 1. e-mail address 2. number trades per year 3. subscribe at $100? 4. subscribe at $200? 5. subscribe at $300? 6. subscribe at $400? 7. any other comments you wish to make. Thanks, Rich ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Mon, 30 Mar 1998 12:13:26 -0500 From: Connie Mack Rea Subject: [CANSLIM] Re: - --------------B0BAA77B1356F853B09CFE92 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Mary-- Thanks for the thanks. Glad to have you among the group. Connie Mack mckeener@ix.netcom.com wrote: > Hello Everyone, > > This is my second message to this group, but I don't know what > happened to the first. > > Thanks for all your valuable advice and support. I've been trading > since August, mostly > unsuccessfully. Since receiving these messages, however, I'm doing a > bit better in the sense that > I'm not losing as much. Made a nice trade in EPIQ watching it when > Tom first mentioned it, buying > when it started going up and selling just before it dropped. Thanks, > Tom. Appreciate your > technical analysis, Connie, which I'm studying using your step-by-step > approach. > > I really liked the "Choices in Life", Tom, and I'll be using this with > my ESL class. > > Regards to all, > Mary Keener > McKeener@ix.netcom.com > > - - --------------B0BAA77B1356F853B09CFE92 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit

Mary--

Thanks for the thanks.  Glad to have you among the group.

Connie Mack
 

mckeener@ix.netcom.com wrote:

Hello Everyone,

This is my second message to this group, but I don't know what happened to the first.

Thanks for all your valuable advice and support.  I've been trading since August, mostly
unsuccessfully.  Since receiving these messages, however, I'm doing a bit better in the sense that
I'm not losing as much.  Made a nice trade in EPIQ watching it when Tom first mentioned it, buying
when it started going up and selling just before it dropped.  Thanks, Tom.  Appreciate your
technical analysis, Connie, which I'm studying using your step-by-step approach.

I really liked the "Choices in Life", Tom, and I'll be using this with my ESL class.

Regards to all,
Mary Keener
McKeener@ix.netcom.com

-

   - --------------B0BAA77B1356F853B09CFE92-- - - ------------------------------ Date: Mon, 30 Mar 1998 09:19:08 -0800 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] Re: Market Direction DB, its good to have you back. I look forward to reading more of your posts. - ---Original Message----- From: db phoenix To: canslim@lists.xmission.com Date: Saturday, March 28, 1998 11:07 AM Subject: [CANSLIM] Re: Market Direction > >FWIW, I agree with Jeffry. An index or stock need not close down for >the day in order for distribution to have taken place. It need only >close lower than the open. Clearly, if a stock closes nearer the low >than the high, there has been greater selling pressure than buying >pressure. Whether this distribution takes place in an index without >taking place in a particular stock is irrelevant. > >OTOH, the fact that a particular index or stock is under distribution >on a particular day does not necessarily imply that the market or the >stock is in trouble. What matters is the pattern, and patterns aren't >established in a day. The shorter the pattern and the less >information available, the less likely one is to be able to make >reasoned judgements as to the likely outcomes of the next day's or >next few days' trading. > >No one should be surprised that distribution is taking place. It's >the end of the week, the end of the month, the end of the quarter. >What that implies for the near future is up in the air. But to ignore >it is unwise. > >The fact that individual stocks in one's portfolio are hitting their >stops can be an early warning of a change in market direction >(assuming that one is not especially poor at stock selection). If >they are not hitting those stops, however, it doesn't follow that >everything's OK. >One of O'N's major precepts is to keep your eyes open. > >Sound advice. > >--Db > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > - - ------------------------------ Date: Mon, 30 Mar 1998 12:19:07 -0600 From: "Joe Scott" Subject: [CANSLIM] TLC This is a multi-part message in MIME format. - ------=_NextPart_000_0045_01BD5BD6.09653AC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members Spoke to the group about TLC a few weeks ago, it seems to be running = into resistance from a late 96 high. Anyone see this? Wondering if now = would be a good time to get out as I bot at 19 5/16 a couple of weeks = ago, or do you think that high was to long ago to matter? don't know a thing joe - ------=_NextPart_000_0045_01BD5BD6.09653AC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members
Spoke to the group about TLC a few weeks ago, = it seems=20 to be running into resistance from a late 96 high. Anyone see this? = Wondering if=20 now would be a good time to get out as I bot at 19 5/16 a couple of = weeks ago,=20 or do you think that high was to long ago to matter?
don't know a = thing
joe
- ------=_NextPart_000_0045_01BD5BD6.09653AC0-- - - ------------------------------ Date: Mon, 30 Mar 1998 17:22:01 -0500 From: "Surindra Singh" Subject: [CANSLIM] Non Canslim Pure non canslim type stuff. I posted late last week about two internet related stocks for opinion. No body cared to comment, which is OK as these probably do not belong to this list but interestingly both shot up: RNWK: shot up on Friday NSOL: shot up today. Any recommendations if I should keep these babies or pocket hefty profit and run? Professor: are you reading this? Surindra - - ------------------------------ End of canslim-digest V2 #169 ***************************** 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.