From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #178 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Sunday, April 5 1998 Volume 02 : Number 178 In this issue: Re: [CANSLIM] To all my friends on the Internet [CANSLIM] ADV and lack of follow thru volume [CANSLIM] Re: RWAV and JBIL Re: [CANSLIM] Re: RWAV and JBIL [CANSLIM] Range Expansion Re: [CANSLIM] To all my friends on the Internet Re: [CANSLIM] To all my friends on the Internet Re: [CANSLIM] non-CANSLIM SOCR Re: [CANSLIM] Breakout VSTN [CANSLIM] Online list of stocks hitting new highs [CANSLIM] Fw: LGWX Re: [CANSLIM] To all my friends on the Internet re: [CANSLIM] Breakout VSTN [CANSLIM] Online list new highs [CANSLIM] newbie questions rwave mini Re: [CANSLIM] BUNZ (was newbie questions rwave mini) [CANSLIM] NASDAQ Class Action Settlement [CANSLIM] aace ace cash express added to canslim picks! Re: [CANSLIM] Re: Market Rally Re: [CANSLIM] Re: Market Rally Re: [CANSLIM] Range Expansion Re: [CANSLIM] Online list of stocks hitting new highs Re: [CANSLIM] Range Expansion RE: [CANSLIM] Range Expansion RE: [CANSLIM] Range Expansion Re: [CANSLIM] pssi Re: [CANSLIM] pssi ---------------------------------------------------------------------- Date: Sat, 4 Apr 1998 19:44:51 -0500 From: "Nelson E. Timken, Esq." Subject: Re: [CANSLIM] To all my friends on the Internet This is a multi-part message in MIME format. - ------=_NextPart_000_00DB_01BD6002.222FC900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I'm sure Tom will land on his feet- he has a lot of skill and that will serve him well at a new, hopefully more scrupulous, company. Nelson E. Timken, Esq. Queens, New York - ---------------------------------------------------------------------------- - ------------- Personal Home Page: http://www.geocities.com/wallstreet/5791 - -----Original Message----- From: Paganini To: canslim@lists.xmission.com Date: Saturday, April 04, 1998 7:38 PM Subject: Re: [CANSLIM] To all my friends on the Internet >Sorry to hear you got fired. It's too bad you're not an EE like me :) >Cuz then, all you have to do, is to work for one of your competitors and >get a raise. Like, if I am terminated tomorrow, I'd go over to Texas >Instruments and get a job right there.:) (I work for MOT in case you >don't know). > > >Tony > >- > > - ------=_NextPart_000_00DB_01BD6002.222FC900 Content-Type: text/x-vcard; name="Nelson E. Timken, Esq..vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nelson E. Timken, Esq..vcf" BEGIN:VCARD VERSION:2.1 N:Timken, Esq.;Nelson;E. FN:Nelson E. Timken, Esq. ORG:J.N. Capital TITLE:Member TEL;WORK;VOICE:(718) 468-6293 TEL;HOME;VOICE:(718) 468-6293 TEL;WORK;FAX:(718) 224-4782 TEL;HOME;FAX:(718) 776-0084 ADR;WORK;ENCODING=3DQUOTED-PRINTABLE:;;40-26 235th = Street=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A;Douglaston;N.Y.;11363;USA LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:40-26 235th = Street=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A=3D0D=3D0ADouglaston, N.Y. = 11363=3D0D=3D =3D0AUSA ADR;HOME:;;80-41 230th Street;Bellerose Manor;NY;11427-2105;USA LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor, NY 11427-2105=3D0D=3D0AUSA URL:http://www.geocities.com/wallstreet/5791 EMAIL;PREF;INTERNET:netimken@erols.com REV:19980405T004451Z END:VCARD - ------=_NextPart_000_00DB_01BD6002.222FC900-- - - ------------------------------ Date: Sat, 4 Apr 1998 20:05:25 EST From: Mulack Subject: [CANSLIM] ADV and lack of follow thru volume Thursday ADV's volume was 4x resulting in a price increase of 7%. Friday ADV's volume increased only slightly as compared to Wed and the price closed down. Would this be a selling point. Any opinions appreciated, Frank - - ------------------------------ Date: Sat, 4 Apr 1998 17:19:44 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Re: RWAV and JBIL <<> I am pretty much a newbie although I have been lurking around a little bit > and was seeking some advice . > What do yall think about a little bottom fishing with rwav it seems to have > met resistance at about 9 dollars today ?? If anyone on this list would tell you to buy that thing, they really haven't been paying attention. Forget you ever saw that stock and look at the stocks that are recommended on this list. You want to be in stocks that are right up around new highs, not stocks on the new low list. And you mean support at 9. Resistance is when it bumps ahead into an old high on the way up.>> I disagree that you "want to be in stocks that are right up around new highs", but you definitely do not want to be in this one, either. Bottom-fishing is not the same thing as trying to catch a falling knife. If you don't know the difference yet, don't try either. - ---Db once <> A month ago, people were practically wetting themselves over the breakout from the handle. Admittedly the handle was a little low in the cup and it was a bit short. But if the breakout had succeeded, anyone pointing this out would have been accused of sour grapes. Anyone pointing it out now may be accused of I Told You So. But that wasn't why I used it as an example. I used it because one could debatably and perhaps justifiably have bought it at the breakout. To then deny the reality of the failure by insisting that one "bought right" would have been self-defeating. Only the market can tell you whether you bought right or not. - --Db twice _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 05 Apr 1998 03:20:08 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: RWAV and JBIL : :A month ago, people were practically wetting themselves over the :breakout from the handle. Admittedly the handle was a little low in :the cup and it was a bit short. But if the breakout had succeeded, :anyone pointing this out would have been accused of sour grapes.=20 :Anyone pointing it out now may be accused of I Told You So. But that :wasn't why I used it as an example. I used it because one could :debatably and perhaps justifiably have bought it at the breakout. To :then deny the reality of the failure by insisting that one "bought :right" would have been self-defeating. Only the market can tell you :whether you bought right or not. : :--Db twice Thanks for the explanation of JBIL, Db. I see exactly what you are talking about looking at the chart. The 3 week base at 48 - 49 was short and far below where you'd like to see it at about $70. At this point it would have to be considered bottom fishing. Perhaps a good one for that, but I haven't won at that game yet. BTW, what happened to RWAV? It looks like the stock tumbled about 40% on Thursday. Ah...I see this at Yahoo: Thursday: A profit warning also sent the stock of Rogue Wave Software Inc. (RWAV - - news) down 6-7/16 to 9-1/16 by close. Dan - - ------------------------------ Date: Sat, 4 Apr 1998 19:29:31 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Range Expansion I finally backtested an idea I've been looking at, seems like it came from "Hit and Run Trading". Anyway, the system is to buy a range expansion where the close is the highest close in 40 days. Range expansion simply means that the high to low distance is greater than any other high to low of X number of days, in this case I used 8. I used a close < a 50 day moving average for the exit. The one line of code for the entry, if anyone is interested, was like this - range > highest(range,8)[1] and close > highest(close,40)[1] Exit when - Close < Average(Close,50) Results were quite good. I ran it on the following stocks - CPQ, AMAT, IBM, HCFP, INTC, SUNW, ACAI, THRX, DELL, CTXS, LGTO, AWA. At worst, there was just a sort of flat performance, while on most of the stocks it caught at least one trend and did pretty well. I think things could be filtered a little better, but this does seem like a worthwhile entry signal. Anyone interested in this should experiment a bit themselves and convince themselves it is a good method. - - ------------------------------ Date: Sat, 4 Apr 1998 23:16:07 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] To all my friends on the Internet Thanks for the vote of confidence, Nelson. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - -----Original Message----- From: Nelson E. Timken, Esq. To: canslim@lists.xmission.com Date: Saturday, April 04, 1998 7:43 PM Subject: Re: [CANSLIM] To all my friends on the Internet >I'm sure Tom will land on his feet- he has a lot of skill and that will >serve him well at a new, hopefully more scrupulous, company. > >Nelson E. Timken, Esq. >Queens, New York >--------------------------------------------------------------------- - ------- >------------- >Personal Home Page: http://www.geocities.com/wallstreet/5791 >-----Original Message----- >From: Paganini >To: canslim@lists.xmission.com >Date: Saturday, April 04, 1998 7:38 PM >Subject: Re: [CANSLIM] To all my friends on the Internet > > >>Sorry to hear you got fired. It's too bad you're not an EE like me :) >>Cuz then, all you have to do, is to work for one of your competitors and >>get a raise. Like, if I am terminated tomorrow, I'd go over to Texas >>Instruments and get a job right there.:) (I work for MOT in case you >>don't know). >> >> >>Tony >> >>- >> >> > - - ------------------------------ Date: Sat, 4 Apr 1998 23:19:49 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] To all my friends on the Internet Thanks, Tony, jobs in my specialty are pretty thin here in Miami even tho Brickell Ave is the "Wall Street" of South Florida, and a major banking hub. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - -----Original Message----- From: Paganini To: canslim@lists.xmission.com Date: Saturday, April 04, 1998 7:35 PM Subject: Re: [CANSLIM] To all my friends on the Internet >Sorry to hear you got fired. It's too bad you're not an EE like me :) >Cuz then, all you have to do, is to work for one of your competitors and >get a raise. Like, if I am terminated tomorrow, I'd go over to Texas >Instruments and get a job right there.:) (I work for MOT in case you >don't know). > > >Tony > >- > - - ------------------------------ Date: Sat, 4 Apr 1998 23:29:01 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] non-CANSLIM SOCR As you note, SOCR is definitely not a CANSLIM stock. RS is so low it's good there is no negative side to the scale. Same with trailing PE. They have already announced a reorganization to scale down on the hardware side and focus on marketing and software operations, which may cause some non-recurring charges in Q1 but should ultimately help the bottom line. Yes, despite being non-canslim, I do think it is sharply undervalued, in part because about 40% of their recent business was in Japan, and they have been sharply affected by the Asian flu. I am impressed with their technology, and view the stock as a long term hold, possibly for several years. The addl shares I bot last week may end up just being "trading shares" should the stock bounce up sharply, but if they end up becoming part of a long term position that is (or would have been had I not been fired) OK. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - -----Original Message----- From: David Smith To: CANSLIM Date: Saturday, April 04, 1998 12:38 PM Subject: [CANSLIM] non-CANSLIM SOCR >Tom, you mentioned in a recent post that you are increasing your position >in SOCR...do you feel it's undervalued or is there some other reason to be >optimistic ??? From past posts I know you have followed this one carefully >so I am interested in your opinion. > > > >- > - - ------------------------------ Date: Sat, 4 Apr 1998 23:31:43 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Breakout VSTN Johan, we switch to daylight savings ("spring ahead") tonight. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Saturday, April 04, 1998 1:21 PM Subject: re: [CANSLIM] Breakout VSTN Johan asks, >BTW. Question for the Americans: When do you guys switch to summer hour, >i.e. turn the clock ahead 1 hour? > - - ------------------------------ Date: Sat, 4 Apr 1998 23:56:43 -0500 From: "Tom Worley" Subject: [CANSLIM] Online list of stocks hitting new highs Yeah, I know, this question has probably already been asked, but haven't finished sorting thru the pile of paper I have printed out over the past six months or so. If anybody knows where such a list is available for free on the net, preferably updated thru out the day, but even a final bell list, please post it. Also if anyone knows where I can easily get market stats by exchange such as nr of stocks up vs down, and up volume compared to down, please let me know. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - - ------------------------------ Date: Sat, 4 Apr 1998 23:58:18 -0500 From: "Tom Worley" Subject: [CANSLIM] Fw: LGWX Sent this one this AM and never saw it come back. Tom W - -----Original Message----- From: Tom Worley To: CANSLIM Date: Saturday, April 04, 1998 9:39 AM Subject: LGWX >I hope no one paid any attention to my mention of this one. My own >haste and stupidity led me into a mistake on this, failed to do the >due diligence sufficient to discover it was being bot out by PLAT for >stock, and the CS elements on PLAT are no where as good, nor of a >level I would choose to buy, so will have to take my lumps and loss >and get out of it. > >Tom w > - - ------------------------------ Date: Sat, 04 Apr 1998 23:26:11 -0600 From: Paganini Subject: Re: [CANSLIM] To all my friends on the Internet That sucks. Well, there is always New York City for brokers... how about texas? :) I am sure they have a lot of needs here in Austin or in Dallas... Tony Tom Worley wrote: > > Thanks, Tony, jobs in my specialty are pretty thin here in Miami even > tho Brickell Ave is the "Wall Street" of South Florida, and a major > banking hub. > > My comments are strictly my own opinion, and should not be considered > as a buy/sell/hold recommendation. I am a former broker and an active > investor. > Tom W > > -----Original Message----- > From: Paganini > To: canslim@lists.xmission.com > Date: Saturday, April 04, 1998 7:35 PM > Subject: Re: [CANSLIM] To all my friends on the Internet > > >Sorry to hear you got fired. It's too bad you're not an EE like me > :) > >Cuz then, all you have to do, is to work for one of your competitors > and > >get a raise. Like, if I am terminated tomorrow, I'd go over to Texas > >Instruments and get a job right there.:) (I work for MOT in case you > >don't know). > > > > > >Tony > > > >- > > > > - - - ------------------------------ Date: Sun, 05 Apr 1998 10:58:03 +0000 From: Peter Christiansen Subject: re: [CANSLIM] Breakout VSTN At 07:10 PM 4/4/98 +0200, you wrote: >Where do you look up the fundamentals? I subscribe to Daily Graphs, but will likely give it up. Version 2 of Quotes plus supplies extensive fundamental data. I can also get information from E-Trade. >How did you design your scans? Did they change over time? And what >specifically are you looking for in your scans? Just bases? Or are you able >to detect cup and handle formations, saucers and such? I am always fine tuning my scans. I look for bases, and stocks moving up on big volume but not overextended. I haven't figured out how to look for specific chart patterns. My scans generate a lot of chaff, but I am able to quickly sort the results, picking out the interesting charts. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Sun, 05 Apr 1998 17:30:58 +0800 From: viv Subject: [CANSLIM] Online list new highs - --------------126EE25D04BD246A2998DBE8 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Tom, You might want to try the Holt Report Page, it has the data you were looking for, new highs, up/downs per exchange etc etc.. However is only updated after the closing bell. Holt Report Home Page http://metro.turnpike.net/holt/curr.htm Viv - --------------126EE25D04BD246A2998DBE8 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Tom,
You might want to try the Holt Report Page, it has the data you were looking for, new highs, up/downs per exchange etc etc.. However is only updated after the closing bell.
 Holt Report Home Page http://metro.turnpike.net/holt/curr.htm

Viv - --------------126EE25D04BD246A2998DBE8-- - - ------------------------------ Date: Sun, 5 Apr 1998 08:47:09 -0700 From: Subject: [CANSLIM] newbie questions rwave mini thanks for the answers I got in on mini last week at 10 1/4 and I am gonna pass on rwave also thanks for the corrections on the terminolgy I used I am still learning by the way any thoughts on bunz I have tried to use the canslim formula on it but I am not sure I did it right thanks david - - ------------------------------ Date: Sun, 5 Apr 1998 09:06:34 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BUNZ (was newbie questions rwave mini) All the CS elements appear to be there and of good or better levels except I saw nothing meeting "N". It took a sharp drop on Friday, on over 3X ADV, and closed almost at the low of the day which is not encouraging for Monday. I didn't search news to see if there was a reason, but if so then this would be "trying to catch a falling knife" and likely better to let it fall. If this was absolutely and strictly profit taking, then I might consider it more like a failed breakout, and watch to see if it settles back into the prior $19 base. If so, then once it settles down there and bases for a week or two, might be worth a shot if positive volume comes in. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Sunday, April 05, 1998 8:46 AM Subject: [CANSLIM] newbie questions rwave mini > >thanks for the answers I got in on mini last week at 10 1/4 >and I am gonna pass on rwave > >also thanks for the corrections on the terminolgy I used >I am still learning > >by the way any thoughts on bunz >I have tried to use the canslim formula on it but I am not sure I did it >right > > thanks david > > >- > - - ------------------------------ Date: Sun, 5 Apr 1998 09:50:51 -0400 From: "Tom Worley" Subject: [CANSLIM] NASDAQ Class Action Settlement Members, I finally saw some paperwork on this subject, where the various broker-dealers have already settled and agreed to pay approximately $100 million. It appears at this time that anyone who traded any of the affected NASDAQ stocks during the cited time period will be eligible for some recovery of their alleged overpayment due to artifically induced large spreads. The defendants in this action, many of whom clear for smaller "correspondent" firms, are all providing machine readable lists of potential members of the class, using their "reasonably available computerized records". These lists will be used to send out claims forms, which are presently scheduled to be sent around May 15, 1998. Actual settlement and payment is not expected until sometime in 1999. The overall time frame of the class action period has been set at May 1, 1989 to July 17, 1996. In all, there are 1659 different securities involved, so if you were trading NASDAQ stocks during this period, it's likely some of your trades make you eligible for some recovery. If you don't get a claim notification in late May, they will be establishing an internet site, a free 800 number, and a P.O. Box where you can request a claim form and list of affected stocks. These haven't been set yet, but I do have one address which may work. That is: Nasdaq Market Makers Antitrust Litigation Settlement Administrator, P. O. Box 470, Philadelphia, PA 19106. I would suggest not bombarding this address until late May and then only if you don't receive a claim form. By then, I am sure some of our members will have received the official Notice, and can post the actual website, 800 number, and a better mailing address. I don't know how rigorous the proof of loss may be, typically you will need to list the dates and prices of the trades, and likely submit copies of statements or confirms. In this case, however, overall net gain or loss should not be at issue (since an unfairly enlarged spread would have decreased your profits just as it would have increased your losses), and since the primary data on claimants is coming from the defendants, you may not have to do very much. The draft form I have seen is simply the notice of the Pendency of the Claim, not the claim form itself. And, yes, I do have the list of the 1659 stocks involved on a floppy, haven't even looked at it yet so don't even know if I can read it. But don't everybody start asking me for it, I'm even busier trying to find a job than when I was employed. If you have questions, email me at stkguru@netside.net and I will try to help. But PLEASE, PLEASE, don't bombard this group unless your question is of legitimate general interest. My comments are strictly my own opinion, and should not be considered as a buy/sell/hold recommendation. I am a former broker and an active investor. Tom W - - ------------------------------ Date: Sun, 5 Apr 1998 11:44:50 -0700 From: Subject: [CANSLIM] aace ace cash express added to canslim picks! I just saw where aace was added to the list. any thoughts on this one I am already in . - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Sunday, April 05, 1998 5:48 AM Subject: [CANSLIM] newbie questions rwave mini > >thanks for the answers I got in on mini last week at 10 1/4 >and I am gonna pass on rwave > >also thanks for the corrections on the terminolgy I used >I am still learning > >by the way any thoughts on bunz >I have tried to use the canslim formula on it but I am not sure I did it >right > > thanks david > > >- > > - - ------------------------------ Date: Sun, 05 Apr 1998 10:50:43 -0500 From: Dave Cameron Subject: Re: [CANSLIM] Re: Market Rally Dan Musicant wrote: > > > DB and Dave, > > I have no quarrel with any of this. It's all just fine. What I'm kinda > curious about is your example of JBIL. Could you elaborate? I can pull > up the chart...can you give dates, figures, an explanation? I myself, > bought JBIL when it was running up wildly ... I think it must have > been in July, and I made a few bucks and sold as it lost *momentum*. > But there have been a number of gyrations, before and since... > > Dan Dan, For me - twice - around the start of September '97, when JBIL was still making new highs - it went up - then pulled back on big volume in early October. Since it hadn't really based, I figured it might just be a normal pullback - but it kept falling. Then, there were several comments around the end of February '98 - but the stock had a short base and was way off its high. Nevertheless, it looked like it COULD be a breakout/comeback. No such luck. Dave Cameron > > - - - ------------------------------ Date: Sun, 5 Apr 1998 11:57:46 -0400 From: "Nelson E. Timken, Esq." Subject: Re: [CANSLIM] Re: Market Rally This is a multi-part message in MIME format. - ------=_NextPart_000_0062_01BD608A.0C59B180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit My information indicates that Jabil is in for several quarters of reduced earnings. The company is extremely well managed, and in my opinion, has been unfairly hurt by the overall problems in semiconductors. Long term equity options are a definite opportunity in this firm, IMHO. Nelson E. Timken, Esq. Queens, New York - ---------------------------------------------------------------------------- - ------------- Personal Home Page: http://www.geocities.com/wallstreet/5791 - -----Original Message----- From: Dave Cameron To: canslim@lists.xmission.com Date: Sunday, April 05, 1998 11:52 AM Subject: Re: [CANSLIM] Re: Market Rally >Dan Musicant wrote: >> >> >> DB and Dave, >> >> I have no quarrel with any of this. It's all just fine. What I'm kinda >> curious about is your example of JBIL. Could you elaborate? I can pull >> up the chart...can you give dates, figures, an explanation? I myself, >> bought JBIL when it was running up wildly ... I think it must have >> been in July, and I made a few bucks and sold as it lost *momentum*. >> But there have been a number of gyrations, before and since... >> >> Dan > >Dan, > >For me - twice - around the start of September '97, when JBIL was still >making new highs - it went up - then pulled back on big >volume in early October. Since it hadn't really based, I figured it >might just be a normal pullback - but it kept falling. > >Then, there were several comments around the end of February '98 - but >the stock had a short base and was way off its high. Nevertheless, >it looked like it COULD be a breakout/comeback. No such luck. > >Dave Cameron > >> >> - > >- > > - ------=_NextPart_000_0062_01BD608A.0C59B180 Content-Type: text/x-vcard; name="Nelson E. Timken, Esq..vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nelson E. Timken, Esq..vcf" BEGIN:VCARD VERSION:2.1 N:Timken, Esq.;Nelson;E. FN:Nelson E. Timken, Esq. ORG:J.N. Capital TITLE:Member TEL;WORK;VOICE:(718) 468-6293 TEL;HOME;VOICE:(718) 468-6293 TEL;WORK;FAX:(718) 224-4782 TEL;HOME;FAX:(718) 776-0084 ADR;WORK;ENCODING=3DQUOTED-PRINTABLE:;;40-26 235th = Street=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A;Douglaston;N.Y.;11363;USA LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:40-26 235th = Street=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A=3D0D=3D0A=3D0D=3D0ADouglaston, N.Y. = 11363=3D0D=3D =3D0AUSA ADR;HOME:;;80-41 230th Street;Bellerose Manor;NY;11427-2105;USA LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor, NY 11427-2105=3D0D=3D0AUSA URL:http://www.geocities.com/wallstreet/5791 EMAIL;PREF;INTERNET:netimken@erols.com REV:19980405T155746Z END:VCARD - ------=_NextPart_000_0062_01BD608A.0C59B180-- - - ------------------------------ Date: Sun, 5 Apr 1998 12:26:54 -0400 From: "Bud Barton" Subject: Re: [CANSLIM] Range Expansion Patrick, What program are you using to run the code? I have the Hit And Run book so I can use their criteria but I do not have an uptodate charting program. I finally backtested an idea I've been looking at, seems like it came from "Hit and Run Trading". Anyway, the system is to buy a range expansion where the close is the highest close in 40 days. Range expansion simply means that the high to low distance is greater than any other high to low of X number of days, in this case I used 8. I used a close < a 50 day moving average for the exit. The one line of code for the entry, if anyone is interested, was like this - range > highest(range,8)[1] and close > highest(close,40)[1] Exit when - Close < Average(Close,50) Results were quite good. I ran it on the following stocks - CPQ, AMAT, IBM, HCFP, INTC, SUNW, ACAI, THRX, DELL, CTXS, LGTO, AWA. At worst, there was just a sort of flat performance, while on most of the stocks it caught at least one trend and did pretty well. I think things could be filtered a little better, but this does seem like a worthwhile entry signal. Anyone interested in this should experiment a bit themselves and convince themselves it is a good method. - - - - ------------------------------ Date: Sun, 5 Apr 1998 13:08:57 EDT From: DCSquires Subject: Re: [CANSLIM] Online list of stocks hitting new highs New Highs/ New Lows http://www.dbc.com/cgi- bin/htx.exe/newsroom/highlow.html?source=blq/dailystocks Breadth Numbers http://quote.yahoo.com/m0?u Sentiment Numbers http://www.proinvest.com/home/bulls.htm Great General Stock Site http://www.dailystocks.com/ DSquires - - ------------------------------ Date: Sun, 5 Apr 1998 12:39:06 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Range Expansion > From: "Bud Barton" > To: > What program are you using to run the code? I have the Hit And Run book so > I can use their criteria but I do not have an uptodate charting program. I used TradeStation, but the same code I posted would work in Supercharts, and you could also do the same test in Metastock. I haven't tested any of the other ideas very thoroughly, although the 1234 setup looks interesting. - - ------------------------------ Date: Sun, 5 Apr 1998 16:12:35 -0400 From: Paul Gilberti Subject: RE: [CANSLIM] Range Expansion Hi, I just joined this list and am new to CANSLIM investing. I've been reading and cramming over the past few months and like using fundamentals to screen, followed by technical charting. Lately I've been reviewing a number of software products. Anyone have any strong recommendations for end of day trading screening/charting software, as well as data services ? Any and all opinions will be read and considered..... Tradestation SuperCharts 4 Windows on WallStreet MetaStock Dial Data I'm also a Visual Basic programmer and have been designing software to process and graph stock data, so I've been using this method to understand the technical/math side of charting. Thanks, ---------- From: Patrick Wahl[SMTP:pwahl@postoffice.worldnet.att.net] Reply To: canslim@lists.xmission.com Sent: Sunday, April 05, 1998 4:39 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Range Expansion > From: "Bud Barton" > To: > What program are you using to run the code? I have the Hit And Run book so > I can use their criteria but I do not have an uptodate charting program. I used TradeStation, but the same code I posted would work in Supercharts, and you could also do the same test in Metastock. I haven't tested any of the other ideas very thoroughly, although the 1234 setup looks interesting. - - - ------------------------------ Date: Sun, 5 Apr 1998 15:08:02 -0800 From: "Patrick Wahl" Subject: RE: [CANSLIM] Range Expansion > From: Paul Gilberti > To: "'canslim@lists.xmission.com'" > Lately I've been reviewing a number of software products. Anyone have any > strong > recommendations for end of day trading screening/charting software, as well > as data services ? > Any and all opinions will be read and considered..... > Tradestation > SuperCharts 4 > Windows on WallStreet > MetaStock > Dial Data Tradestation is too expensive for your average stock stuff. Its mainly for intraday trading. Lots of futures guys use it. Supercharts and Metastock are similar. I think Supercharts has better system testing capabilities, unless the new version of Metastock (6.5) has improved since 5.0, the one I have. However, Metastock is easier to use, pretty well designed overall. I think you can get demos of both of those. Windows on WS I don't know much about. Dial data stinks, don't ever use them. A few people on this list use Quotes Plus, that seems like a good option for quotes and charting, and if you want to do more heavy duty stuff, you can export the data to a Metastock format and use that or Supercharts or whatever on the data. - - ------------------------------ Date: Sun, 05 Apr 1998 19:45:25 -0400 From: Ari Lawson Subject: Re: [CANSLIM] pssi Any thoughts on PSSI.I had 100 shares of GSMS at 38.5.Now i have a 175 shares of pssi.I liked GSMS better.Should i sell or what.Not crazy about PSSI's chart. - - ------------------------------ Date: Sun, 5 Apr 1998 20:09:47 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] pssi This is a multi-part message in MIME format. - ------=_NextPart_000_004E_01BD60CE.C8277340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I sold PSSI Friday, we did get a decent gain with the merge, and PSSI = has tons of resistance in the 24-25 range. I wasn't taking any chances. = Better looking fish to fry. don't know a thing joe - ------=_NextPart_000_004E_01BD60CE.C8277340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I sold PSSI Friday, we did get a decent gain = with the=20 merge, and PSSI has tons of resistance in the 24-25 range. I wasn't = taking any=20 chances. Better looking fish to fry.
don't know a = thing
joe
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