From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1699 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, September 28 2001 Volume 02 : Number 1699 In this issue: Re: [CANSLIM] O'Neil Re: [CANSLIM] O'Neil Re: [CANSLIM] Good stocks in a recession? RE: [CANSLIM] O'Neil RE: [CANSLIM] HGS Investing RE: DGO vs QP2+HGSI vs TC2000 RE: [CANSLIM] HGS Investing Re: [CANSLIM] O'Neil EPIQ - (was Re: [CANSLIM] Good stocks in a recession?) Re: [CANSLIM] O'Neil ---------------------------------------------------------------------- Date: Fri, 28 Sep 2001 15:56:45 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] O'Neil Patrick: I saw the same WON idea on using 2% to guage the strength of a FT (follow-through)-however, it was in Investors Corner yesterday. I only read it today, and I noted that while his notion of a FT depended on a 1% rise, now he says 2% is necessary. I have a feeling this is indicative of the markets current volatility (so perhaps those who use Canslim for an investment strategy should keep this change in mind when a market becomes very volatile-for a relatively long period of time, ie. for instance when we're in the tail end of a bear.). However, as I've always understood WON: One needs only ONE index to rise with a rally of a 1% point increase in order for a FT to have occurred. Has he changed this too? Also, I always thought that volume did not really matter in order for a rally to occur. All that was necessary was that the lows exceed the low of the last low (but, as far as I know, he never gave a time limit on how far back you can and should compare). WON now says (in Patrick's E-mail) that for a rally to occur, it should come on higher than AVERAGE volume: Has he always believed that? In a message dated 9/26/2001 1:57:18 PM Eastern Daylight Time, pwahl@prodigy.net writes: << There is an article at the CBS Marketwatch site that quotes William O'Neil. The link would be about 3 lines long, but go to the site and read the article by Mike Tarsala. I notice he says the follow through day, which we start looking for tomorrow, must have a rise of 2% in the indices. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 16:00:41 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] O'Neil Ian: What is a "momo play of the week"? What does "momo" mean? jans In a message dated 9/26/2001 2:36:27 PM Eastern Daylight Time, ianstm@home.com writes: << All right ... so what are the new leading stocks in the new leading groups? EVERYTHING has been slaughtered ... hasn't it? (Except for the momo plays of the week - INVN, MAGS, VISG, ICTS, ACTT, PLCM, GTNR etc...) Ideas anyone??? Ian >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 16:19:50 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Good stocks in a recession? Tom: Sorry. I just read your missive on EPIQ. If it were my stock, I'd sel= l=20 now because it is making a new high on about 35% ADV (average daily volume).= =20 However, its RS line is very strong (especially compared to its previous=20 high), so I have a feeling it's going to fall and then rise again. The question, of course, is how far will it fall? Its RS line says tha= t=20 it is pretty darn strong. It should be interesting to see how far it falls.= =20 If it falls to its support area of 22=BD to 20, or falls to its 50 and 200 D= MA=20 (day moving averages) on dwindling volume, or perhaps falls under it briefly= ,=20 and then rises above the support (either one) on very high volume, even I=20 might buy. To me that would mean institutions are grabbing it up. (Tom is=20 this correct: You bought it on Wed. after Tuesday's high rise on nice=20 volume? If so, then can you tell me why you didn't wait to see what it woul= d=20 do at the left lip of 26.05?). Also, do you believe, as I do, that the bear market is over (ie, the=20 market has hit its low for this bear), and now it's just a matter of time fo= r=20 the new bull to hear its wake-up call-and it will probably occur when the=20 markets are quiet once again, and are reflective of a reduced VIX (Chicago=20 Options Volatility Index)?=20 jans In a message dated 9/26/2001 8:35:28 PM Eastern Daylight Time,=20 stkguru@netside.net writes: << I am still a long term believer in EPIQ, will buy more if it backs up a=20 little. That may well violate CANSLIM, esp with regard to "M", but I am=20 willing to take the risk as I see prospects for solid growth for the next=20 year or more even if the economy and the markets start to recover. =20 Tom Worley stkguru@netside.net AIM: TexWorley >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 13:22:25 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] O'Neil Well I sub$cribed again to see if you all had noticed the follow-through. Doesn't seem you did. At least you aren't so off-topic anymore. The volume must be higher than the day before. Period. It is nice if it is also on above average volume as well. NYSE vol was higher than yesterday but NASDAQ vol was lower. Both look to be near average if you discount the extremely high volume he week of 9/17. The only index I track that didn't make 2% is the DOW, which came close. This is a valid follow-through on the NYSE, but not the NASDAQ. This makes perfect sense to me, since practically all the stocks that have not been thoroughly trashed that I track are listed on NYSE. I'm taking some of my money market funds over to mutuals today based on the follow-through. I am not planning on buying any individual stocks yet, sicne I see no stocks in leading groups breaking out of good bases yet. P.S. I have been 100% cash since 9/9 except for options and employer-purchased stock in an ESOP. P.P.S. My biggest winner this year has been my own company; I bought in at a basis of about $1.30 and we have accepted a buyout offer of somewhere between $9.60 and $11.00 + a bonus that covers all our capital gains, which will happen on Monday. Too bad I have to take most in stock, and can only have 20% in cash! So much for me trashing the environmental consultants like Tetra-Tech earlier this year! Anyway I will open an Etrade account with the cash and will no doubt be asking lots of tax related question in the coming months since all my trading to date has been in IRAs and 401ks. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com Sent: Friday, September 28, 2001 12:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] O'Neil Patrick: I saw the same WON idea on using 2% to guage the strength of a FT (follow-through)-however, it was in Investors Corner yesterday. I only read it today, and I noted that while his notion of a FT depended on a 1% rise, now he says 2% is necessary. I have a feeling this is indicative of the markets current volatility (so perhaps those who use Canslim for an investment strategy should keep this change in mind when a market becomes very volatile-for a relatively long period of time, ie. for instance when we're in the tail end of a bear.). However, as I've always understood WON: One needs only ONE index to rise with a rally of a 1% point increase in order for a FT to have occurred. Has he changed this too? Also, I always thought that volume did not really matter in order for a rally to occur. All that was necessary was that the lows exceed the low of the last low (but, as far as I know, he never gave a time limit on how far back you can and should compare). WON now says (in Patrick's E-mail) that for a rally to occur, it should come on higher than AVERAGE volume: Has he always believed that? In a message dated 9/26/2001 1:57:18 PM Eastern Daylight Time, pwahl@prodigy.net writes: << There is an article at the CBS Marketwatch site that quotes William O'Neil. The link would be about 3 lines long, but go to the site and read the article by Mike Tarsala. I notice he says the follow through day, which we start looking for tomorrow, must have a rise of 2% in the indices. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 16:33:01 -0500 From: "Hill, Ernie" Subject: RE: [CANSLIM] HGS Investing I have never "subed" (list server does not like the full word it thinks it is a command) to DGO so I really can't answer your question as I do not know what I am missing. However, quotes plus calculates their RS the same way as does IBD. I know Tom has very strong feelings about genuine WON data, but for my money QP2 data seems quite comparable to what I find on the IBD web site. I always check the data for companies I am interested in against at least one other source anyway just to confirm accuracy. E -----Original Message----- From: Warren Keuffel [mailto:wkeuffel@xmission.com] Sent: Friday, September 28, 2001 12:59 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] HGS Investing Ernie, With HGS and Quotes Plus do you think there is any need for a DGO subscription also? I would still keep my print subscription to IBD so would still have access to the RS, etc. numbers. Thanks, Warren "Hill, Ernie" wrote: > Sorry Charlie, (forgive me I had to say that). I have scoured the web for > free stuff that would do the job I could not find anything acceptable. > Quotes plus offers a free version of HGS software that is very good at > screening for CANSLIM stocks. Of course you have to subscribe to their data > feed to get the software. Their web site is www.qp2.com they also have links > on their site to the HGS site. > > E - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 18:14:57 -0400 From: "Tangen, Eric" Subject: RE: DGO vs QP2+HGSI vs TC2000 RE: [CANSLIM] HGS Investing The HGSI deal is confusing - here's what the story is: QuotesPlus is the datafeed for HGSI - you need it to run HGSI. The HGS Warehouse that come free with QuotesPlus is nearly equivalent to the scanning module, also called HGS Warehouse, that comes with HGSI. But HGSI has 3 additional modules; the Warehouse that comes with QuotesPlus is a fully useful tool but also a promo to get people interested in buying the full blown HGSI package. What you get when you sign up for HGSI is the ability analyze group RS, even to the point of creating your own custom groups...if you don't use Group RS as a major criteria for you stock selection, then HGSI isn't for you. Also, all of Ian Woodward's HGS techniques are available as software tools in HGSI (his 'hi jump indicator', optic score, box scores, etc.) And finally, a nice thing about HGSI is that the only proprietary indicator is their Acc/Dist Indicator...all their other calculations are documented....that is not true of DGO. HGSI is a computationally intense package...256MB RAM is recommended. It is also almost brand new...it was released around June this year. (It replaces and older program called IRL, Investors Reference Library). So get it and be the first on your block ;). One of the reasons I went with QuotesPlus is that I'm coding Steve Woods Float Analysis techniques (www.floatanalysis.com) using QuotesPlus and VBA in Excel. QP2 was the only database I could find that has a what is normally considered a fundamental parameter, Float (ie, shares available for trading), easily available for use in my TA calculations. (Wood's web site points you to some way too expensive SuperCharts/Tradestation easylanguage addins to do his calculations - and you still have to get the float data manually.) I like Float Analysis a lot - I'd encourage anyone on the list to check out the web site. Thats it for me...back to lurking. ERIC TANGEN - -----Original Message----- From: Warren Keuffel [mailto:wkeuffel@xmission.com] Sent: Friday, September 28, 2001 2:05 PM To: CANSLIM list Subject: Re: DGO vs QP2+HGSI vs TC2000 RE: [CANSLIM] HGS Investing) Thanks -- sounds like QP2 has lots of advantages. I hope a DGO fan posts a message also so I can hear from both sides. But the features you mention are important to me. There's a free version of HGS included with QP2, according to the QP2 web site. Is that the same thing as the HGSI you mention? Or must I buy another version of HGSI separaely to access the features you describe? Warren - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 19:30:26 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] O'Neil I noticed the follow through and thought yesterday's action would bring it on today. My next question is how long will it take for Canslimmer's to get back into the market again after the stockpile of Canslim companies being demolished? Never been in a bull market so I don't know what I missed. Doing well in this market should make the next a breeze. DanF From: "Tim Fisher" To: Sent: Friday, September 28, 2001 4:22 PM Subject: RE: [CANSLIM] O'Neil > Well I sub$cribed again to see if you all had noticed the > follow-through. Doesn't seem you did. At least you aren't so off-topic > anymore. The volume must be higher than the day before. Period. It is > nice if it is also on above average volume as well. NYSE vol was higher > than yesterday but NASDAQ vol was lower. Both look to be near average if > you discount the extremely high volume he week of 9/17. The only index I > track that didn't make 2% is the DOW, which came close. This is a valid > follow-through on the NYSE, but not the NASDAQ. This makes perfect sense > to me, since practically all the stocks that have not been thoroughly > trashed that I track are listed on NYSE. I'm taking some of my money > market funds over to mutuals today based on the follow-through. I am not > planning on buying any individual stocks yet, sicne I see no stocks in > leading groups breaking out of good bases yet. > > P.S. I have been 100% cash since 9/9 except for options and > employer-purchased stock in an ESOP. > > P.P.S. My biggest winner this year has been my own company; I bought in > at a basis of about $1.30 and we have accepted a buyout offer of > somewhere between $9.60 and $11.00 + a bonus that covers all our capital > gains, which will happen on Monday. Too bad I have to take most in > stock, and can only have 20% in cash! So much for me trashing the > environmental consultants like Tetra-Tech earlier this year! Anyway I > will open an Etrade account with the cash and will no doubt be asking > lots of tax related question in the coming months since all my trading > to date has been in IRAs and 401ks. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com > Sent: Friday, September 28, 2001 12:57 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] O'Neil > > > Patrick: > > I saw the same WON idea on using 2% to guage the strength of a FT > (follow-through)-however, it was in Investors Corner yesterday. I only > read > it today, and I noted that while his notion of a FT depended on a 1% > rise, > now he says 2% is necessary. > > I have a feeling this is indicative of the markets current > volatility > (so perhaps those who use Canslim for an investment strategy should keep > this > change in mind when a market becomes very volatile-for a relatively long > > period of time, ie. for instance when we're in the tail end of a bear.). > > However, as I've always understood WON: One needs only ONE index to rise > with > a rally of a 1% point increase in order for a FT to have occurred. Has > he > changed this too? > > Also, I always thought that volume did not really matter in order > for a > rally to occur. All that was necessary was that the lows exceed the low > of > the last low (but, as far as I know, he never gave a time limit on how > far > back you can and should compare). WON now says (in Patrick's E-mail) > that > for a rally to occur, it should come on higher than AVERAGE volume: Has > he > always believed that? > > > In a message dated 9/26/2001 1:57:18 PM Eastern Daylight Time, > pwahl@prodigy.net writes: > > << There is an article at the CBS Marketwatch site that quotes > William O'Neil. The link would be about 3 lines long, but go to the > site and read the article by Mike Tarsala. I notice he says the > follow through day, which we start looking for tomorrow, must have > a rise of 2% in the indices. >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 19:58:24 -0400 From: "Tom Worley" Subject: EPIQ - (was Re: [CANSLIM] Good stocks in a recession?) This is a multi-part message in MIME format. - ------=_NextPart_000_001A_01C14857.EF27C480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Spencer, A couple of clarifications and corrections. I still own a quarter position of my 4th buy from Apr '00, cost basis of = 6.75 split adjusted. I haven't bought more as I have been in a fight with Schwab over why = they won't margin it even tho it is approved by the Feds for margining. = I wanted to buy more when it dipped under 18 on 7/24, that was when I = found it couldn't be margined at Schwab. More recently I placed a buy = limit for half the quantity thinking it would bounce off the 20 line, so = far hasn't. I didn't buy 9/17 when we resumed trading as I promised = myself I was going to be patient and not rush in that week. Now I regret = that discipline, just when I should have been my usual wild and crazy = guy. It is not making a new high, it hit 37.30 on 6/18, that is the 12 month = high. But it has formed a decent base just above 20, and held up well = recently. The volume on Tuesday was below average, not above. All that said, I really was not paying that much attention to the flat = cup it has now formed. Rather, I know the company and its fundies, I = like the growth long term, I love the prospects of a company making = software for bankruptcy trustees that did well in a good economy and can = only be expected to do even better in this terrible economy. I am leery of buying if I see too much institutional buying right now. I = won't chase them, as they are the cause for the collapse from 37 (they = not only day traded out of the secondary, they weakened the price by = dumping most of the 1.35 million shares bought 12/31/00 for $10 in a = private placement). That the Chairman and the CEO (father and son = founders) were selling nearly half a million shares in the secondary = didn't help either, even tho they still own about 20%. Having owned the stock for over two years off and on, I not only am used = to it trading lightly, and its behavior when it does, most of the time I = owned it the ADV was less than 20,000 so current volume still seems = heavy to me. Presently, DGO puts daily average volume at 114,700. The way it behaved this past week doesn't make me optimistic that it = will back up to my limit. With both the 50 and 200 DMA right now sitting = at 21, that is likely to prove resistance. Anyone thinking about buying it should watch the spread. On a low volume = day, it can be half a buck or more, better to try a day limit. On a = heavy volume day, say over 200K shares or so, it usually tightens up to = just a few cents. Watch the size on the offer as well. A large block = sitting there often indicates the bid will get hit, and drop, so a limit = buy under the bid may get you executed. I will have to evaluate what I am going to do this weekend, may just say = to heck with it and raise my limit, my patience is wearing thin. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 28, 2001 4:19 PM Subject: Re: [CANSLIM] Good stocks in a recession? Tom: Sorry. I just read your missive on EPIQ. If it were my stock, = I'd sell=20 now because it is making a new high on about 35% ADV (average daily = volume). =20 However, its RS line is very strong (especially compared to its = previous=20 high), so I have a feeling it's going to fall and then rise again. The question, of course, is how far will it fall? Its RS line = says that=20 it is pretty darn strong. It should be interesting to see how far it = falls. =20 If it falls to its support area of 22=BD to 20, or falls to its 50 and = 200 DMA=20 (day moving averages) on dwindling volume, or perhaps falls under it = briefly,=20 and then rises above the support (either one) on very high volume, = even I=20 might buy. To me that would mean institutions are grabbing it up. = (Tom is=20 this correct: You bought it on Wed. after Tuesday's high rise on nice = volume? If so, then can you tell me why you didn't wait to see what = it would=20 do at the left lip of 26.05?). Also, do you believe, as I do, that the bear market is over (ie, = the=20 market has hit its low for this bear), and now it's just a matter of = time for=20 the new bull to hear its wake-up call-and it will probably occur when = the=20 markets are quiet once again, and are reflective of a reduced VIX = (Chicago=20 Options Volatility Index)?=20 jans In a message dated 9/26/2001 8:35:28 PM Eastern Daylight Time,=20 stkguru@netside.net writes: << I am still a long term believer in EPIQ, will buy more if it backs = up a=20 little. That may well violate CANSLIM, esp with regard to "M", but I = am=20 willing to take the risk as I see prospects for solid growth for the = next=20 year or more even if the economy and the markets start to recover. =20 Tom Worley stkguru@netside.net AIM: TexWorley >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_001A_01C14857.EF27C480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Spencer,
 
A couple of clarifications and = corrections.
 
I still own a quarter position of my 4th buy from = Apr '00,=20 cost basis of 6.75 split adjusted.
 
I haven't bought more as I have been in a fight with = Schwab=20 over why they won't margin it even tho it is approved by the Feds for = margining.=20 I wanted to buy more when it dipped under 18 on 7/24, that was when I = found it=20 couldn't be margined at Schwab. More recently I placed a buy limit for = half the=20 quantity thinking it would bounce off the 20 line, so far hasn't. I = didn't buy=20 9/17 when we resumed trading as I promised myself I was going to be = patient and=20 not rush in that week. Now I regret that discipline, just when I should = have=20 been my usual wild and crazy guy.
 
It is not making a new high, it hit 37.30 on 6/18, = that is the=20 12 month high. But it has formed a decent base just above 20, and held = up well=20 recently.  The volume on Tuesday was below average, not = above.
 
All that said, I really was not paying that much = attention to=20 the flat cup it has now formed. Rather, I know the company and its = fundies, I=20 like the growth long term, I love the prospects of a company making = software for=20 bankruptcy trustees that did well in a good economy and can only be = expected to=20 do even better in this terrible economy.
 
I am leery of buying if I see too much institutional = buying=20 right now. I won't chase them, as they are the cause for the collapse = from 37=20 (they not only day traded out of the secondary, they weakened the price = by=20 dumping most of the 1.35 million shares bought 12/31/00 for $10 in a = private=20 placement). That the Chairman and the CEO (father and son founders) were = selling=20 nearly half a million shares in the secondary didn't help either, even = tho they=20 still own about 20%.
 
Having owned the stock for over two years off and = on, I not=20 only am used to it trading lightly, and its behavior when it does, most = of the=20 time I owned it the ADV was less than 20,000 so current volume still = seems heavy=20 to me. Presently, DGO puts daily average volume at 114,700.
 
The way it behaved this past week doesn't make me = optimistic=20 that it will back up to my limit. With both the 50 and 200 DMA right now = sitting=20 at 21, that is likely to prove resistance.
 
Anyone thinking about buying it should watch the = spread. On a=20 low volume day, it can be half a buck or more, better to try a day = limit. On a=20 heavy volume day, say over 200K shares or so, it usually tightens up to = just a=20 few cents. Watch the size on the offer as well. A large block sitting = there=20 often indicates the bid will get hit, and drop, so a limit buy under the = bid may=20 get you executed.
 
I will have to evaluate what I am going to do this = weekend,=20 may just say to heck with it and raise my limit, my patience is wearing=20 thin.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Spencer48@aol.com
To: canslim@lists.xmission.com =
Sent: Friday, September 28, = 2001 4:19=20 PM
Subject: Re: [CANSLIM] Good = stocks in a=20 recession?

Tom:

     Sorry.  I = just read=20 your missive on EPIQ.  If it were my stock, I'd sell
now = because it=20 is making a new high on about 35% ADV (average daily volume). =20
However, its RS line is very strong (especially compared to its = previous=20
high), so I have a feeling it's going to fall and then rise=20 again.

     The question, of course, is how = far=20 will it fall?  Its RS line says that
it is pretty darn = strong. =20 It should be interesting to see how far it falls. 
If it = falls to its=20 support area of 22=BD to 20, or falls to its 50 and 200 DMA
(day = moving=20 averages) on dwindling volume, or perhaps falls under it briefly, =
and then=20 rises above the support (either one) on very high volume, even I =
might=20 buy.  To me that would mean institutions are grabbing it up. (Tom = is=20
this correct:  You bought it on Wed. after Tuesday's high = rise on=20 nice
volume?  If so, then can you tell me why you didn't wait = to see=20 what it would
do at the left lip of=20 26.05?).

     Also, do you believe, as I = do, that=20 the bear market is over (ie, the
market has hit its low for this = bear),=20 and now it's just a matter of time for
the new bull to hear its = wake-up=20 call-and it will probably occur when the
markets are quiet once = again, and=20 are reflective of a reduced VIX (Chicago
Options Volatility = Index)?=20

jans





In a message dated 9/26/2001 = 8:35:28 PM=20 Eastern Daylight Time,
stkguru@netside.net=20 writes:

<< I am still a long term believer in EPIQ, will = buy more=20 if it backs up a
little. That may well violate CANSLIM, esp with = regard to=20 "M", but I am
willing to take the risk as I see prospects for = solid growth=20 for the next
year or more even if the economy and the markets = start to=20 recover.
 
 Tom Worley
 stkguru@netside.net
 AIM:= =20 TexWorley
  >>

-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_001A_01C14857.EF27C480-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 28 Sep 2001 20:07:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] O'Neil This is a multi-part message in MIME format. - ------=_NextPart_000_002B_01C14859.26B26800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tim, Welcome back, and congrats on the buyout. My company is also being = bought out, but the deal was no where so attractive. But at least I was = forced to sell my stock, and since the buyer is an insurance company, as = a result of the WTC attack their stock is way down from where I sold. I have dealt with the tax consequences of a buyout before, email me = privately if you have some questions I can help you with. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Tim Fisher=20 To: canslim@lists.xmission.com=20 Sent: Friday, September 28, 2001 4:22 PM Subject: RE: [CANSLIM] O'Neil Well I sub$cribed again to see if you all had noticed the follow-through. Doesn't seem you did. At least you aren't so off-topic anymore. The volume must be higher than the day before. Period. It is nice if it is also on above average volume as well. NYSE vol was = higher than yesterday but NASDAQ vol was lower. Both look to be near average = if you discount the extremely high volume he week of 9/17. The only index = I track that didn't make 2% is the DOW, which came close. This is a = valid follow-through on the NYSE, but not the NASDAQ. This makes perfect = sense to me, since practically all the stocks that have not been thoroughly trashed that I track are listed on NYSE. I'm taking some of my money market funds over to mutuals today based on the follow-through. I am = not planning on buying any individual stocks yet, sicne I see no stocks in leading groups breaking out of good bases yet.=20 P.S. I have been 100% cash since 9/9 except for options and employer-purchased stock in an ESOP.=20 P.P.S. My biggest winner this year has been my own company; I bought = in at a basis of about $1.30 and we have accepted a buyout offer of somewhere between $9.60 and $11.00 + a bonus that covers all our = capital gains, which will happen on Monday. Too bad I have to take most in stock, and can only have 20% in cash! So much for me trashing the environmental consultants like Tetra-Tech earlier this year! Anyway I will open an Etrade account with the cash and will no doubt be asking lots of tax related question in the coming months since all my trading to date has been in IRAs and 401ks.=20 -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Spencer48@aol.com Sent: Friday, September 28, 2001 12:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] O'Neil Patrick: I saw the same WON idea on using 2% to guage the strength of a FT = (follow-through)-however, it was in Investors Corner yesterday. I = only read=20 it today, and I noted that while his notion of a FT depended on a 1% rise,=20 now he says 2% is necessary. =20 I have a feeling this is indicative of the markets current volatility=20 (so perhaps those who use Canslim for an investment strategy should = keep this=20 change in mind when a market becomes very volatile-for a relatively = long period of time, ie. for instance when we're in the tail end of a = bear.). However, as I've always understood WON: One needs only ONE index to = rise with=20 a rally of a 1% point increase in order for a FT to have occurred. = Has he=20 changed this too? Also, I always thought that volume did not really matter in order for a=20 rally to occur. All that was necessary was that the lows exceed the = low of=20 the last low (but, as far as I know, he never gave a time limit on how far=20 back you can and should compare). WON now says (in Patrick's E-mail) that=20 for a rally to occur, it should come on higher than AVERAGE volume: = Has he=20 always believed that? =20 In a message dated 9/26/2001 1:57:18 PM Eastern Daylight Time,=20 pwahl@prodigy.net writes: << There is an article at the CBS Marketwatch site that quotes=20 William O'Neil. The link would be about 3 lines long, but go to the=20 site and read the article by Mike Tarsala. I notice he says the=20 follow through day, which we start looking for tomorrow, must have=20 a rise of 2% in the indices. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_002B_01C14859.26B26800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Tim,
 
Welcome back, and congrats on the buyout. My company = is also=20 being bought out, but the deal was no where so attractive. But at least = I was=20 forced to sell my stock, and since the buyer is an insurance company, as = a=20 result of the WTC attack their stock is way down from where I = sold.
 
I have dealt with the tax consequences of a buyout = before,=20 email me privately if you have some questions I can help you = with.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Tim = Fisher=20
To: canslim@lists.xmission.com =
Sent: Friday, September 28, = 2001 4:22=20 PM
Subject: RE: [CANSLIM] = O'Neil

Well I sub$cribed again to see if you all had noticed=20 the
follow-through. Doesn't seem you did. At least you aren't so=20 off-topic
anymore. The volume must be higher than the day before. = Period.=20 It is
nice if it is also on above average volume as well. NYSE vol = was=20 higher
than yesterday but NASDAQ vol was lower. Both look to be = near=20 average if
you discount the extremely high volume he week of 9/17. = The only=20 index I
track that didn't make 2% is the DOW, which came close. = This is a=20 valid
follow-through on the NYSE, but not the NASDAQ. This makes = perfect=20 sense
to me, since practically all the stocks that have not been=20 thoroughly
trashed that I track are listed on NYSE. I'm taking some = of my=20 money
market funds over to mutuals today based on the = follow-through. I am=20 not
planning on buying any individual stocks yet, sicne I see no = stocks=20 in
leading groups breaking out of good bases yet.

P.S. I = have been=20 100% cash since 9/9 except for options and
employer-purchased stock = in an=20 ESOP.

P.P.S. My biggest winner this year has been my own = company; I=20 bought in
at a basis of about $1.30 and we have accepted a buyout = offer=20 of
somewhere between $9.60 and $11.00 + a bonus that covers all our = capital
gains, which will happen on Monday. Too bad I have to take = most=20 in
stock, and can only have 20% in cash! So much for me trashing=20 the
environmental consultants like Tetra-Tech earlier this year! = Anyway=20 I
will open an Etrade account with the cash and will no doubt be=20 asking
lots of tax related question in the coming months since all = my=20 trading
to date has been in IRAs and 401ks.

-----Original=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lis= ts.xmission.com]=20 On Behalf Of Spencer48@aol.com
Sent:=20 Friday, September 28, 2001 12:57 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] = O'Neil


Patrick:

     I saw=20 the same WON idea on using 2% to guage the strength of a FT=20
(follow-through)-however, it was in Investors Corner = yesterday.  I=20 only
read
it today, and I noted that while his notion of a FT = depended=20 on a 1%
rise,
now he says 2% is necessary. =20

     I have a feeling this is indicative = of the=20 markets current
volatility
(so perhaps those who use Canslim = for an=20 investment strategy should keep
this
change in mind when a = market=20 becomes very volatile-for a relatively long

period of time, ie. = for=20 instance when we're in the tail end of a bear.).

However, as = I've=20 always understood WON: One needs only ONE index to rise
with
a = rally of=20 a 1% point increase in order for a FT to have occurred.  = Has
he=20
changed this too?

     Also, I always = thought=20 that volume did not really matter in order
for a
rally to = occur. =20 All that was necessary was that the lows exceed the low
of
the = last low=20 (but, as far as I know, he never gave a time limit on how
far =
back you=20 can and should compare).   WON now says (in Patrick's=20 E-mail)
that
for a rally to occur, it should come on higher = than=20 AVERAGE volume:  Has
he
always believed that?  =


In=20 a message dated 9/26/2001 1:57:18 PM Eastern Daylight Time,
pwahl@prodigy.net = writes:

<<=20 There is an article at the CBS Marketwatch site that quotes =
 William=20 O'Neil. The link would be about 3 lines long, but go to the =
 site and=20 read the article by Mike Tarsala.  I notice he says the =
 follow=20 through day, which we start looking for tomorrow, must have =
 a rise=20 of 2% in the indices. >>

-
-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_002B_01C14859.26B26800-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1699 ****************************** 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.