From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #170 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 170 In this issue: Re: [CANSLIM] core labs (CRLBF) Re: [CANSLIM] Shorts Re: [CANSLIM] Shorts Re: [CANSLIM] headcount Re: [CANSLIM] Shorts Re: [CANSLIM] Shorts [CANSLIM] Screening Tools Re: [CANSLIM] Non Canslim [CANSLIM] DailyGraphs Online, a newly discovered fault (was Fw: Russell 2000) Re: [CANSLIM] Non Canslim and the Professor. [CANSLIM] RXSD Short Re: [CANSLIM] Shorts Re: [CANSLIM] headcount [CANSLIM] GSMS Re: [CANSLIM] MDLK (was Canslim intro. Evelyn@ctaz.com) [CANSLIM] OFF the Subject! Re: [CANSLIM] Head count - Send to headcount@hotmail.com Re: [CANSLIM] Industry Group List available from IBD! Re: [CANSLIM] headcount Re: [CANSLIM] Re.DG-Online [CANSLIM] Definition of OBV/MF Re: [CANSLIM] Screening Tools Re: [CANSLIM] RXSD Short [CANSLIM] ETH RE: [CANSLIM] GSMS RE: [CANSLIM] Definition of OBV/MF ---------------------------------------------------------------------- Date: Mon, 30 Mar 1998 16:13:24 -0600 From: "MICHAEL G DOROSHENKO" Subject: Re: [CANSLIM] core labs (CRLBF) The stock CRLBF does look like a CANSLIM stock. I would question the Group RS of which is only a 10. I think there are other competitors out there in the same industry group that are better than this one. You mention a cup/handle and I do see a slight one. I would say that it is more a saucer rather than a cup. My question is: How deep should the cup be to realistically be considered a true cup formation? Mike - ---------- > From: Douglas_Rhodes > To: canslim@lists.xmission.com > Subject: [CANSLIM] core labs (CRLBF) > Date: Monday, March 30, 1998 7:46 AM > > 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 17:32:59 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Shorts At 13:09 3/29/98 -0500, Jeffry White wrote: >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!! ;) > It isn't in the rag, other than the current rankings. I keep a record of the industry group positions and then figure the differences in ranking and performance moves myself from week to week. ...sniped... >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. > Excellent suggestion, I'll start that and look into the "Puts"! Thanks Jeffrey, Frank Wolynski - - ------------------------------ Date: Mon, 30 Mar 1998 17:32:59 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Shorts At 13:09 3/29/98 -0500, Jeffry White wrote: >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!! ;) > It isn't in the rag, other than the current rankings. I keep a record of the industry group positions and then figure the differences in ranking and performance moves myself from week to week. ...sniped... >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. > Excellent suggestion, I'll start that and look into the "Puts"! Thanks Jeffrey, Frank Wolynski - - ------------------------------ Date: Mon, 30 Mar 1998 16:37:22 -0600 From: "MICHAEL G DOROSHENKO" Subject: Re: [CANSLIM] headcount mdor@prodigy.net 36 trades/year $200.00 I am just getting started in CANSLIM investing - ---------- > From: richard mandel > To: canslim@mail.xmission.com > Subject: [CANSLIM] headcount > Date: Monday, March 30, 1998 11:03 AM > > 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 17:50:28 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Shorts At 13:09 3/29/98 -0500, Jeffry White wrote: >Frank wrote: > >BTW, what do you think of the MF and OBV on LCOS? > Both indicators have been diverging from the price since early February. Price going up, indicators going down. This usually is a harbenger of bad tiddings, however the Internet group (as a group move) closed flat all last year! The street had determined them not investment worthy. The chatter has been "where is the return?" I don't have the answer, but the I-Net group just took off since December after a completely flat year. So the surge or move really just began. Is it over already? Dunno! Access providers have had a banner year and are still cruising along. MSPG, AOL and others. If I have to interpret the MF & OBV on LCOS, I would say it at first glance looks negative and a probable short, however my gut tells me the group is just beginning and the attempt to short the individual stocks is showing up in the indicators. Most savvy & street smart investors on CNBC have deemed them all good short candidates. That is a warning to me! Too obvious. I have helped more friends and fellow employees the past 60 days buy computers for the express purpose of "getting on the Internet!" than in my prior two years! I don't know what this portends, but the Internet hasn't even really gotten started good yet! Roadrunner access by the cables is expected to be in full force within months if not weeks, Time Warner sends me monthly updates in central Florida and they are deploying quickly. I don't know if Roadrunner will be successful, but I do know that the Internet is the Wild West and could receive considerable more speculation! Frank Wolynski (Often wrong, plan accordingly!) - - ------------------------------ Date: Mon, 30 Mar 1998 17:50:28 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Shorts At 13:09 3/29/98 -0500, Jeffry White wrote: >Frank wrote: > >BTW, what do you think of the MF and OBV on LCOS? > Both indicators have been diverging from the price since early February. Price going up, indicators going down. This usually is a harbenger of bad tiddings, however the Internet group (as a group move) closed flat all last year! The street had determined them not investment worthy. The chatter has been "where is the return?" I don't have the answer, but the I-Net group just took off since December after a completely flat year. So the surge or move really just began. Is it over already? Dunno! Access providers have had a banner year and are still cruising along. MSPG, AOL and others. If I have to interpret the MF & OBV on LCOS, I would say it at first glance looks negative and a probable short, however my gut tells me the group is just beginning and the attempt to short the individual stocks is showing up in the indicators. Most savvy & street smart investors on CNBC have deemed them all good short candidates. That is a warning to me! Too obvious. I have helped more friends and fellow employees the past 60 days buy computers for the express purpose of "getting on the Internet!" than in my prior two years! I don't know what this portends, but the Internet hasn't even really gotten started good yet! Roadrunner access by the cables is expected to be in full force within months if not weeks, Time Warner sends me monthly updates in central Florida and they are deploying quickly. I don't know if Roadrunner will be successful, but I do know that the Internet is the Wild West and could receive considerable more speculation! Frank Wolynski (Often wrong, plan accordingly!) - - ------------------------------ Date: Mon, 30 Mar 1998 15:07:44 -0800 From: "Jerry & Tonia Joldersma" Subject: [CANSLIM] Screening Tools I'd like a quick survey of which screening tools this group uses to select CANSLIM candidates. I am currently using Quotes Plus; Microsoft Investor's latest version looks good; from what I read in these postings, I guess some of you use data published in IBD. What other choices are out there? Thanks for the help. -- Jerry - - ------------------------------ Date: Mon, 30 Mar 1998 18:10:16 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Non Canslim At 17:22 3/30/98 -0500, Surindra Singh wrote: >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: Many stocks shot up the past 2 months, not all were canslim, which is the purpose of this group and listserv. The group is very considerate and welcome to other opinions and ideas, but do reserve the right to stay on the subject of the list. Therefore, no response. With that behind me, many consider the move of the speculative issues that show no earnings to be money pouring on top of money, rather than investment in earnings producing companies. I have no opinion regarding the ups or downs of the two you mentioned, but do be warned, in down markets (which individuals involved in the markets the past three years know little about) speculative issues can be hit the hardest! They seem to punish them terribly! I am not predicting a down market by any stretch of the imagination, just recommending prudence and good judgement! Balance that with risk! Yeah, right! With that behind me, I work in communications (broadcasting and networking) and see a bright future for the Internet as a communications vehicle. I consider the frontier as wide open and companies are struggling to get an initial presence and foothold, much as Yahoo and AOL have done. Yahoo is keen on RNWK, but that doesn't mean the markets are, or that it will perform. I should know something about the company, and am beginning to compile some information on the group as a whole, but it is too early for me to comment further. Good Luck, Frank Wolynski (Often wrong, plan accordingly!) > >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 > - - ------------------------------ Date: Mon, 30 Mar 1998 18:10:31 -0500 From: "Tom Worley" Subject: [CANSLIM] DailyGraphs Online, a newly discovered fault (was Fw: Russell 2000) - -----Original Message----- From: Customer Service To: 'Tom Worley' Date: Monday, March 30, 1998 12:31 PM Subject: RE: Russell 2000 >Thank you for your email. We have lost the feed for this service unfortunately. This may not be included in Daily Graphs Online. > >-----Original Message----- >From: Tom Worley [SMTP:stkguru@netside.net] >Sent: Monday, March 30, 1998 3:53 AM >To: DGOnline Customer Service >Subject: Russell 2000 > >Why have you dropped the R2000 chart from the Markets (f2) drop down >menu? > >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 > - - ------------------------------ Date: Mon, 30 Mar 1998 18:25:58 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] Non Canslim and the Professor. - --------------76AFCC83CA612E9B1586B367 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Surindra-- I guess your allusion to the "professor" is directed to me. Pull up a 3-mos BigChart. In NSOL, I see nothing in the short term that does not bode well. One way to infer a downturn is to note how the 3/7/10 EMA lines are acting. E.g., those in NSOL have a clean separation and are tracking parallel. The wider the lines' separation and the clarity that they seem to maintain [a uniform parallel distance] is to imply that, for the short term [until the 3-EMA passes through the 7] all seems well. RNWK shows that the OBV/MF indicators are tracking. My one concern about the strength of the MF is that, though uniform and tracking, it is doing so at a quite low level. The SlowStochastics ought to be watched; it might roll over a bit at this height. MACD is quite strong. But look at it on a 5-day hourly chart. Here it looks quite different. When you are looking for an entry or an exit, always pull up a 5-day hourly chart. Perspective at this level is often quite different even from a 3-mos or 1-mos chart. If you're looking for overbought/oversold, pull up Bollinger Bands and MA Envelopes. Both are available in BigCharts. If the market starts to correct some, and you have a nice profit, tighten your stops. Today's action might have already stopped you out. If so, your exit ought not cause you to lose sleep. Thanks for the mail, Surindra. Connie Mack Surindra Singh wrote: > 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 > > - - --------------76AFCC83CA612E9B1586B367 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Surindra--

I guess your allusion to the "professor" is directed to me.

Pull up a 3-mos BigChart.

In NSOL, I see nothing in the short term that does not bode well.  One way to infer a downturn is to note how the 3/7/10 EMA lines are acting.  E.g., those in NSOL have a clean separation and are tracking parallel.  The wider the lines' separation and the clarity that they seem to maintain [a uniform parallel distance] is to imply that, for the short term [until the 3-EMA passes through the 7] all seems well.

RNWK shows that the OBV/MF indicators are tracking.  My one concern about the strength of the MF is that, though uniform and tracking, it is doing so at a quite low level.

The SlowStochastics ought to be watched; it might roll over a bit at this height.

MACD is quite strong.  But look at it on a 5-day hourly chart.  Here it looks quite different.

When you are looking for an entry or an exit, always pull up a 5-day hourly chart.  Perspective at this level is often quite different even from a 3-mos or 1-mos chart.

If you're looking for overbought/oversold, pull up Bollinger Bands and MA Envelopes.  Both are available in BigCharts.

If the market starts to correct some, and you have a nice profit, tighten your stops.  Today's action might have already stopped you out.  If so, your exit ought not cause you to lose sleep.

Thanks for the mail, Surindra.

Connie Mack
 
 
 

Surindra Singh wrote:

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

-

   - --------------76AFCC83CA612E9B1586B367-- - - ------------------------------ Date: Mon, 30 Mar 1998 18:27:08 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] RXSD Short Tim wrote:> 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 Right? The system calls RXSD a short from 37. It was right, not because it is currently profitable, but because the system is always right. The system will give a cover signal at some point. It will be right again. Whether it proves profitable or unprofitable, the system will always be right on RXSD. Can't say the same for your wishful, supposition laden "double down" efforts, now can we? But, I hope you are right. If you know what I mean, alright? Good luck with it, nice bounce for you I see today. Same with MAST, and the YHOOs keep chugging. Jeffry - - ------------------------------ Date: Mon, 30 Mar 1998 21:08:35 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Shorts At 08:57 AM 30-03-98 -0800, you wrote: >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! Tim, Based on which CANSLIM buying rule(s) did you buy more RXSD? I'm asking, because I don't recognize any. If there are other reasons you bought that are not CANSLIM related, I think, it would be good to point that out, so that newcommers to the mailing list do not get confused. If you like the vitamines group, why did you not plough the money from RXSD into NBTY for example? If you look at the charts, there is a big difference between the two. NBTY looks a lot more healthy than RXSD to me. Especially since RXSD broke the 50DMA on heavy volume. If it is a "attempt to "churn" some accounts by one of the houses", as you wrote, they sure did a nice job! BTW, thanks again for setting me straight a while ago about owning the stocks from the highest RS list (DG). Payed a lot more attention to this than I used to, and I do NOT regret it. :-) Hope to return the favour one day. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Mon, 30 Mar 1998 14:32:35 -0500 From: Club Orient Subject: Re: [CANSLIM] headcount I would be in if its $99 to $150 - -----Original Message----- From: richard mandel To: canslim@lists.xmission.com Date: Monday, March 30, 1998 11:47 AM 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 18:01:04 -0600 From: "Joe Scott" Subject: [CANSLIM] GSMS This is a multi-part message in MIME format. - ------=_NextPart_000_007C_01BD5C05.CEAA48A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike, Looks like we get 1.75 shares of PSSI for each 1 of GSMS. Looks like a = good gain, but PSSI doesn't qualify for CANSLIM, and looks to be headed = for serious resistance, any thoughts? I'm putting on a very close sell stop. don't know a thing joe=20 - ------=_NextPart_000_007C_01BD5C05.CEAA48A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike,
Looks like we get 1.75 shares of PSSI for each 1 of GSMS.  = Looks like=20 a good gain, but PSSI doesn't qualify for CANSLIM, and looks to be = headed for=20 serious resistance, any thoughts?
I'm putting on a very close sell stop.
 
don't know a=20 thing
joe 
- ------=_NextPart_000_007C_01BD5C05.CEAA48A0-- - - ------------------------------ Date: Mon, 30 Mar 1998 19:10:23 -0500 From: Ari Lawson Subject: Re: [CANSLIM] MDLK (was Canslim intro. Evelyn@ctaz.com) Thanks Tom, That's what i thought you were doing.I ,on the other hand am in a totally different situation.Still holding on to MDLK.Would appreciate any critisisiam ,(if you have any)on it. Thanks again! - - ------------------------------ Date: Mon, 30 Mar 1998 17:17:02 -0800 From: "Charles A. Wilmot" Subject: [CANSLIM] OFF the Subject! This is off the subject, I'll admit. Please forgive me but does anyone know of a credit card, be it Silver, Gold, Platinum, or whatever, that provides more than the standard, 15-day, rental car insurance coverage? Charles A. Wilmot cwilmot@azstarnet.com - - ------------------------------ Date: Mon, 30 Mar 1998 20:06:32 -0500 From: Ari Lawson Subject: Re: [CANSLIM] Head count - Send to headcount@hotmail.com Why so pessimistic?????,,We have nothing to loose!!!! - - ------------------------------ Date: Mon, 30 Mar 1998 20:12:13 -0500 From: Ari Lawson Subject: Re: [CANSLIM] Industry Group List available from IBD! I don't know a hell of a lot, but it seems to me that the price of "DAILYGRAPHS",should be negotiated based on the total membership of this group. What do i know? - - ------------------------------ Date: Mon, 30 Mar 1998 20:14:41 -0000 From: "Robert Miller" Subject: Re: [CANSLIM] headcount robmiller@trellis.net 30 trades per year I'm in for $200 - -----Original Message----- From: richard mandel To: canslim@mail.xmission.com Date: Monday, March 30, 1998 5:16 PM 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 20:18:43 -0500 From: Ari Lawson Subject: Re: [CANSLIM] Re.DG-Online OK - - ------------------------------ Date: Mon, 30 Mar 1998 17:24:17 -0800 (PST) From: Anindo Majumdar Subject: [CANSLIM] Definition of OBV/MF I hear the terms OBV/MF used here all the time. I would appreciate it if someone could clarify what these 2 terms mean and how they are related to stock prices. I also heard another term called open interest with respect to futures. Is that term valid for stocks as well. Thanks Anindo > > > --------------76AFCC83CA612E9B1586B367 > Content-Type: text/plain; charset=us-ascii > Content-Transfer-Encoding: 7bit > > Evening Surindra-- > > I guess your allusion to the "professor" is directed to me. > > Pull up a 3-mos BigChart. > > In NSOL, I see nothing in the short term that does not bode well. One > way to infer a downturn is to note how the 3/7/10 EMA lines are acting. > E.g., those in NSOL have a clean separation and are tracking parallel. > The wider the lines' separation and the clarity that they seem to > maintain [a uniform parallel distance] is to imply that, for the short > term [until the 3-EMA passes through the 7] all seems well. > > RNWK shows that the OBV/MF indicators are tracking. My one concern > about the strength of the MF is that, though uniform and tracking, it is > doing so at a quite low level. > > The SlowStochastics ought to be watched; it might roll over a bit at > this height. > > MACD is quite strong. But look at it on a 5-day hourly chart. Here it > looks quite different. > > When you are looking for an entry or an exit, always pull up a 5-day > hourly chart. Perspective at this level is often quite different even > from a 3-mos or 1-mos chart. > > If you're looking for overbought/oversold, pull up Bollinger Bands and > MA Envelopes. Both are available in BigCharts. > > If the market starts to correct some, and you have a nice profit, > tighten your stops. Today's action might have already stopped you out. > If so, your exit ought not cause you to lose sleep. > > Thanks for the mail, Surindra. > > Connie Mack > > > > > Surindra Singh wrote: > > > 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 > > > > - > > > > --------------76AFCC83CA612E9B1586B367 > Content-Type: text/html; charset=us-ascii > Content-Transfer-Encoding: 7bit > > > Evening Surindra-- > >

I guess your allusion to the "professor" is directed to me. > >

Pull up a 3-mos BigChart. > >

In NSOL, I see nothing in the short term that does not bode well.  > One way to infer a downturn is to note how the 3/7/10 EMA lines are acting.  > E.g., those in NSOL have a clean separation and are tracking parallel.  > The wider the lines' separation and the clarity that they seem to maintain > [a uniform parallel distance] is to imply that, for the short term [until > the 3-EMA passes through the 7] all seems well. > >

RNWK shows that the OBV/MF indicators are tracking.  My one > concern about the strength of the MF is that, though uniform and tracking, > it is doing so at a quite low level. > >

The SlowStochastics ought to be watched; it might roll over a bit > at this height. > >

MACD is quite strong.  But look at it on a 5-day hourly chart.  > Here it looks quite different. > >

When you are looking for an entry or an exit, always pull up a 5-day > hourly chart.  Perspective at this level is often quite different > even from a 3-mos or 1-mos chart. > >

If you're looking for overbought/oversold, pull up Bollinger Bands > and MA Envelopes.  Both are available in BigCharts. > >

If the market starts to correct some, and you have a nice profit, > tighten your stops.  Today's action might have already stopped you > out.  If so, your exit ought not cause you to lose sleep. > >

Thanks for the mail, Surindra. > >

Connie Mack >
  >
  >
  > >

Surindra Singh wrote: >

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 > >

-

>    > > --------------76AFCC83CA612E9B1586B367-- > > > - > > - - ------------------------------ Date: Mon, 30 Mar 1998 18:42:09 -0800 (PST) From: Rich Subject: Re: [CANSLIM] Screening Tools I use Marketplayer for screening. In addition I examine Forbes fastest growing companies and fastest growing companies on the IBD listing (i forget exactly what it is called but it is one of the reports on DG online (my computer crashed and i haven't reinstalled DG online so I can't look it up). Ciao, Rich - ---Jerry & Tonia Joldersma wrote: > > I'd like a quick survey of which screening tools this group uses to select > CANSLIM candidates. I am currently using Quotes Plus; Microsoft Investor's > latest version looks good; from what I read in these postings, I guess some > of you use data published in IBD. What other choices are out there? Thanks > for the help. -- Jerry > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 30 Mar 1998 18:52:50 -0700 From: Tim Fisher Subject: Re: [CANSLIM] RXSD Short Dunno what "system" you are talking about, but it sure isn't CANSLIM. Hope you have the cash to cover that short, cause you're out 10% today! I'm not being wishful at all, quite the contrary, I'm interpreting the attempted "churn" as a buy-on-a-pullback signal of a super-strong CANSLIM stock. Which is a strategy that has been discussed at length on this list. Your "system" has not been discussed. Frankly, I'd rather be long than short on the market leaders. That's what I though CANSLIM was all about. I'm sure you'll let me know if I'm wrong in my interpretation of HTMMIS... What At 06:27 PM 3/30/98 -0500, you wrote: >Tim wrote:> 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 > > >Right? > >The system calls RXSD a short from 37. It was right, not because it is >currently profitable, but because the system is always right. The system >will give a cover signal at some point. It will be right again. Whether >it proves profitable or unprofitable, the system will always be right on >RXSD. > >Can't say the same for your wishful, supposition laden "double down" >efforts, now can we? But, I hope you are right. If you know what I >mean, alright? > >Good luck with it, nice bounce for you I see today. Same with MAST, and >the YHOOs keep chugging. > >Jeffry > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Mon, 30 Mar 1998 21:12:45 -0600 From: "Joe Scott" Subject: [CANSLIM] ETH This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01BD5C20.9591A160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, I have been looking at this one, seems to meet all the requirements, = except I realize it hasn't based long enough. I believe someone = downgraded it, and that may be the reason it stalled in this 63.00 = range. Given a couple more weeks of 63.00, would it be a candidate. Looks a = little high on funds, but not bad, little debt, earnings look good. = Someone told me it was overvalued? PE is only 1.1 X SP.. Wadda ya guys think? Plug it into the watch for a breakout list? don't know a thing joe - ------=_NextPart_000_0018_01BD5C20.9591A160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members,
I have been looking at this one, seems to meet all the = requirements, except=20 I realize it hasn't based long enough. I believe someone downgraded it, = and that=20 may be the reason it stalled in this 63.00 range.
Given a couple more weeks of 63.00, would it be a candidate. Looks = a little=20 high on funds, but not bad, little debt,  earnings look good. = Someone told=20 me it was overvalued? PE is only 1.1 X SP..
Wadda ya guys think? Plug it into the watch for a breakout = list?
 
don't know a = thing
joe
- ------=_NextPart_000_0018_01BD5C20.9591A160-- - - ------------------------------ Date: Mon, 30 Mar 1998 19:16:27 -0800 From: Mike Lucero Subject: RE: [CANSLIM] GSMS Yes, it looks like it's just at the bottom of the old rectangle. I think It's got good numbers, except for RS and Fund ownership. I've got a lot of selling to do, so I'll probably sell it if it has trouble getting through the resistance. Mike On Monday, March 30, 1998 4:01 PM, Joe Scott [SMTP:joe@2fords.net] wrote: > Mike, > Looks like we get 1.75 shares of PSSI for each 1 of GSMS. Looks like a good gain, but PSSI doesn't qualify for CANSLIM, and looks to be headed for serious resistance, any thoughts? > I'm putting on a very close sell stop. > > don't know a thing > joe > << File: ATT00001.htm >> - - ------------------------------ Date: Mon, 30 Mar 1998 19:27:02 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Definition of OBV/MF This site describes many technical indicators. http://www.equis.com/free/taz/index.html On Monday, March 30, 1998 5:24 PM, Anindo Majumdar [SMTP:amajumda@cisco.com] wrote: > I hear the terms OBV/MF used here all the time. I would appreciate it if > someone could clarify what these 2 terms mean and how they are related > to stock prices. I also heard another term called open interest with > respect to futures. Is that term valid for stocks as well. > > Thanks > Anindo > > > > > > --------------76AFCC83CA612E9B1586B367 > > Content-Type: text/plain; charset=us-ascii > > Content-Transfer-Encoding: 7bit > > > > Evening Surindra-- > > > > I guess your allusion to the "professor" is directed to me. > > > > Pull up a 3-mos BigChart. > > > > In NSOL, I see nothing in the short term that does not bode well. One > > way to infer a downturn is to note how the 3/7/10 EMA lines are acting. > > E.g., those in NSOL have a clean separation and are tracking parallel. > > The wider the lines' separation and the clarity that they seem to > > maintain [a uniform parallel distance] is to imply that, for the short > > term [until the 3-EMA passes through the 7] all seems well. > > > > RNWK shows that the OBV/MF indicators are tracking. My one concern > > about the strength of the MF is that, though uniform and tracking, it is > > doing so at a quite low level. > > > > The SlowStochastics ought to be watched; it might roll over a bit at > > this height. > > > > MACD is quite strong. But look at it on a 5-day hourly chart. Here it > > looks quite different. > > > > When you are looking for an entry or an exit, always pull up a 5-day > > hourly chart. Perspective at this level is often quite different even > > from a 3-mos or 1-mos chart. > > > > If you're looking for overbought/oversold, pull up Bollinger Bands and > > MA Envelopes. Both are available in BigCharts. > > > > If the market starts to correct some, and you have a nice profit, > > tighten your stops. Today's action might have already stopped you out. > > If so, your exit ought not cause you to lose sleep. > > > > Thanks for the mail, Surindra. > > > > Connie Mack > > > > > > > > > > Surindra Singh wrote: > > > > > 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 > > > > > > - > > > > > > > > --------------76AFCC83CA612E9B1586B367 > > Content-Type: text/html; charset=us-ascii > > Content-Transfer-Encoding: 7bit > > > > > > Evening Surindra-- > > > >

I guess your allusion to the "professor" is directed to me. > > > >

Pull up a 3-mos BigChart. > > > >

In NSOL, I see nothing in the short term that does not bode well.  > > One way to infer a downturn is to note how the 3/7/10 EMA lines are acting.  > > E.g., those in NSOL have a clean separation and are tracking parallel.  > > The wider the lines' separation and the clarity that they seem to maintain > > [a uniform parallel distance] is to imply that, for the short term [until > > the 3-EMA passes through the 7] all seems well. > > > >

RNWK shows that the OBV/MF indicators are tracking.  My one > > concern about the strength of the MF is that, though uniform and tracking, > > it is doing so at a quite low level. > > > >

The SlowStochastics ought to be watched; it might roll over a bit > > at this height. > > > >

MACD is quite strong.  But look at it on a 5-day hourly chart.  > > Here it looks quite different. > > > >

When you are looking for an entry or an exit, always pull up a 5-day > > hourly chart.  Perspective at this level is often quite different > > even from a 3-mos or 1-mos chart. > > > >

If you're looking for overbought/oversold, pull up Bollinger Bands > > and MA Envelopes.  Both are available in BigCharts. > > > >

If the market starts to correct some, and you have a nice profit, > > tighten your stops.  Today's action might have already stopped you > > out.  If so, your exit ought not cause you to lose sleep. > > > >

Thanks for the mail, Surindra. > > > >

Connie Mack > >
  > >
  > >
  > > > >

Surindra Singh wrote: > >

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 > > > >

-

> >    > > > > --------------76AFCC83CA612E9B1586B367-- > > > > > > - > > > > > > > > - - ------------------------------ End of canslim-digest V2 #170 ***************************** 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.