From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #184 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 Saturday, April 11 1998 Volume 02 : Number 184 In this issue: [CANSLIM] Too Quiet Re: [CANSLIM] Too Quiet Re: [CANSLIM] Too Quiet [CANSLIM] Chart reading 101 [CANSLIM] LBOR Re: [CANSLIM] LBOR Re: [CANSLIM] MINI (was Chart reading 101) [CANSLIM] quiet list [CANSLIM] MTW,, NVR Re: [CANSLIM] quiet list Re: [CANSLIM] MTW,, NVR Re: [CANSLIM] MXWL (was MTW,, NVR) [CANSLIM] Modified CANSLIM Re: [CANSLIM] MXWL (was MTW,, NVR) [CANSLIM] MXWL Re: [CANSLIM] Modified CANSLIM Re: [CANSLIM] MXWL (was MTW,, NVR) Re: [CANSLIM] quiet list Re: [CANSLIM] quiet list [CANSLIM] Best Buy Re: [CANSLIM] Too Quiet Re: [CANSLIM] LBOR Re: [CANSLIM] Chart reading 101 Re: [CANSLIM] Chart reading 101 Re: [CANSLIM] Too Quiet [CANSLIM] chart reading 101 lesson 2 Re: [CANSLIM] Too Quiet Re: [CANSLIM] chart reading 101 lesson 2 ---------------------------------------------------------------------- Date: Sat, 11 Apr 1998 08:29:19 -0400 From: "Tom Worley" Subject: [CANSLIM] Too Quiet Is everybody out hunting Easter Eggs or otherwise enjoying the Passover season or is the lack of new posts a result of the obvious problems we are having with the list server? About all I've seen for the past several days was dup posts, virtually nothing new. Sent an email to Jeff and he's looking into it. Tom W - - ------------------------------ Date: Sat, 11 Apr 1998 07:26:45 -0500 From: "Michael Doroshenko" Subject: Re: [CANSLIM] Too Quiet I have a question abou pivot points. What is a pivot point? How do you determine a pivot point? Can you use a particular technical analysis chart to determine pivot points? Mike - -----Original Message----- From: Tom Worley To: CANSLIM Date: Saturday, April 11, 1998 8:31 AM Subject: [CANSLIM] Too Quiet >Is everybody out hunting Easter Eggs or otherwise enjoying the >Passover season or is the lack of new posts a result of the obvious >problems we are having with the list server? About all I've seen for >the past several days was dup posts, virtually nothing new. Sent an >email to Jeff and he's looking into it. > >Tom W > > > >- > - - ------------------------------ Date: Sat, 11 Apr 1998 20:15:06 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] Too Quiet At 07:26 AM 4/11/98 -0500, you wrote: >I have a question abou pivot points. What is a pivot point? How do you >determine a pivot point? Can you use a particular technical analysis chart >to determine pivot points? > >Mike Pivot point is just another word to describe the point at which the stock breaks out above resistance. On a cup and handle formation, the pivot point is just above the handle. On a flat base, the pivot point is just above the highest high of the flat base. I believe Jesse Livermore came up with the phrase. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Sat, 11 Apr 1998 10:13:23 -0700 From: Subject: [CANSLIM] Chart reading 101 would some of you folks look at mini's chart and tell me what it is It looks like a long base or a saucer and handle?? MAYBE? Hell I dont know. Thanks David - - ------------------------------ Date: Sat, 11 Apr 1998 10:14:18 EDT From: Mulack Subject: [CANSLIM] LBOR Is this stock a canslim candidate? I appreciate others perspectives and opinions for I am trying to learn canslim as best I can. Thanks in advance for any replys. Sincerely, Frank Labor Ready (LBOR) Eps 98, REL 99 A/D: A 15 Mil floating shares Graph is currently going the correction Yearly earnings per share growth '97 +222%, '98 +86%, and for '99 + 57% 52 wk hi 35 1/2 52 wk lo 4 11/32 - - ------------------------------ Date: Sat, 11 Apr 1998 10:36:04 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] LBOR Considering what the group has been doing, I would be concerned about the chart. Doesn't look like a classic head and shoulders, unless you start the left shoulder back in late Feb around 26, but nonetheless this stock looks to me to be rolling over despite the high (99) RS and EPS (98). The volume appears to have remained high as the price has dropped, as well. Closing at the low of the day on Thursday, it looks like it may try to go back to the 25-26 level at a minimum if selling volume continues on Monday. Note that it has a very high trailing PE (65) and even its projected PE still puts it at 40, thus it will be more affected in general by profit taking than would a lower PE stock. By focusing on temp workers for "manual labor" it may not fare as well as many other of the temp help stocks that have a higher wage earning clientale. Tom W - -----Original Message----- From: Mulack To: canslim@xmission.com Date: Saturday, April 11, 1998 10:13 AM Subject: [CANSLIM] LBOR >Is this stock a canslim candidate? I appreciate others perspectives and >opinions for I am trying to learn canslim as best I can. Thanks in advance >for any replys. > Sincerely, > Frank > > >Labor Ready (LBOR) > >Eps 98, >REL 99 >A/D: A >15 Mil floating shares >Graph is currently going the correction >Yearly earnings per share growth '97 +222%, '98 +86%, and for '99 + 57% >52 wk hi 35 1/2 >52 wk lo 4 11/32 > > >- > - - ------------------------------ Date: Sat, 11 Apr 1998 10:27:43 -0400 From: Tom Worley Subject: Re: [CANSLIM] MINI (was Chart reading 101) MINI looks like a further "breakout" on volume from a relatively short (3 week) base at 10, and now trying to consolidate those most recent gains. The real base is back at 6. CS elements remain strong, up/down is a powerful 4.1. Trailing PE now moved up to 33, but projected PE less than 25, so that doesn't suggest overvaluation at this point. The 200dma is right at six, so it is getting close to 2X the 200dma, and may need to consolidate here for some time, however I have seen a lot of stocks go right thru the 2X 200dma before showing a short top. Tom W - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Saturday, April 11, 1998 10:12 AM Subject: [CANSLIM] Chart reading 101 > >would some of you folks look at mini's chart and tell me what it is >It looks like a long base or a saucer and handle?? MAYBE? >Hell I dont know. > > Thanks David > > >- > - - ------------------------------ Date: Sat, 11 Apr 1998 10:28:11 -0500 From: "Ricardo Bekin" Subject: [CANSLIM] quiet list In the interest of stirring things up a bit, here is what I am currently holding: BARR, CAST, DCR, DRV, DTII, FBP, LSN, MTRS, PACC, RADAF, SDII, SIVB and SONC Others I like: AGI, EWB, CCL.TO, CXP, CTI, CHKPF, CHKE, DHI, WIRE, FAF, GNTX, GDYS, GTRC, JKHY, IMP, JEF, MAXS, MRE, MTRS, MTH, MLI, OCA, PLT, RGA, REMI, SSD, SMXC, SMRT, TMBS, USAK, UPUP, WAB and XETA Have a good Easter/Passover/Whatever! Ricardo - - ------------------------------ Date: Sat, 11 Apr 1998 10:47:52 -0500 From: "Joe Scott" Subject: [CANSLIM] MTW,, NVR This is a multi-part message in MIME format. - ------=_NextPart_000_001D_01BD6537.470BBC40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Looking at MTW and NVR for possible buy Monday if C looks all right, = very tight stops both sides. In watch list TNL, WSTF, MXWL, and BTF. Any thoughts on these, especially MTW and NVR would be appreciated. Still holding TLC, INFM, LGTO, FDS, and HDWY.=20 =20 don't know a thing joe http://www.2fords.net/joe/index.html - ------=_NextPart_000_001D_01BD6537.470BBC40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Looking at MTW and NVR for possible buy Monday if C looks all = right, very=20 tight stops both sides.
In watch list TNL, WSTF, MXWL, and BTF.
Any thoughts on these,  especially MTW and NVR would be=20 appreciated.
Still holding TLC, INFM, LGTO, FDS, and HDWY.
 
don't know a thing
joe
http://www.2fords.net/joe/i= ndex.html
- ------=_NextPart_000_001D_01BD6537.470BBC40-- - - ------------------------------ Date: Sat, 11 Apr 1998 10:55:32 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] quiet list This is a multi-part message in MIME format. - ------=_NextPart_000_0034_01BD6538.5921C040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ricardo, You need to sell or buy one more, thats 13 stocks. No sense of asking for trouble. I don't know how you do it juggling that many, I try not to get over 6 = or 7, and I'm trading two accounts, one I generally have two stocks in, = the other maybe 6. I've noticed some of your holds I have been watching, now I'm going to = run through charts on all see what your looking at.=20 don't know a thing joe visit me at http://www.2fords.net/joe/index.html - ------=_NextPart_000_0034_01BD6538.5921C040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ricardo,
You need to sell or buy one more, thats 13=20 stocks.
No sense of asking for trouble.
I don't know how you do it juggling that = many, I try=20 not to get over 6 or 7, and I'm trading two accounts, one I generally = have two=20 stocks in, the other maybe 6.
I've noticed some of your holds I have been = watching,=20 now I'm going to run through charts on all see what your looking at.=20
 
don't know a thing
joe
visit me at http://www.2fords.net/joe/i= ndex.html
- ------=_NextPart_000_0034_01BD6538.5921C040-- - - ------------------------------ Date: Sat, 11 Apr 1998 12:02:49 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MTW,, NVR MTW - the RS at 78 would be below my theshold. Thursday's move on nice volume on a traditionally slow day. I've never been comfortable with such non-synergistic core business (makes liftcranes, boom trucks, ice cube machines and does ship repair svcs). The annual earnings forecasts suggest some earnings decelleration, altho this isn't showing clearly in qtrly results. NVR - four good days of volume, complete with a breakout on vol on Thursday, again a traditionally slow day. Despite the historically low PE ratios of this group, I don't think the move is over. CS elements look fine. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Saturday, April 11, 1998 11:48 AM Subject: [CANSLIM] MTW,, NVR Looking at MTW and NVR for possible buy Monday if C looks all right, very tight stops both sides. In watch list TNL, WSTF, MXWL, and BTF. Any thoughts on these, especially MTW and NVR would be appreciated. Still holding TLC, INFM, LGTO, FDS, and HDWY. don't know a thing joe http://www.2fords.net/joe/index.html - - ------------------------------ Date: Sat, 11 Apr 1998 12:20:38 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MXWL (was MTW,, NVR) Joe, none of the four on your watch list really grabbed my attention, altho surprised that WSTF not in the DG books, certainly seems to qualify. However, don't understand why you would watch MXWL (Maxwell Tech) with an RS of 60 and an EPS of 70. Do you know something not obvious from the chart?? Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Saturday, April 11, 1998 11:48 AM Subject: [CANSLIM] MTW,, NVR Looking at MTW and NVR for possible buy Monday if C looks all right, very tight stops both sides. In watch list TNL, WSTF, MXWL, and BTF. Any thoughts on these, especially MTW and NVR would be appreciated. Still holding TLC, INFM, LGTO, FDS, and HDWY. don't know a thing joe http://www.2fords.net/joe/index.html - - ------------------------------ Date: Sat, 11 Apr 1998 11:29:35 -0500 From: "Joe Scott" Subject: [CANSLIM] Modified CANSLIM This is a multi-part message in MIME format. - ------=_NextPart_000_0044_01BD653D.1AF4C060 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Anyone follow Gary the technician in "the Street.com" newsletter? He = suggests picking stocks making new highs on volume, (basically CANSLIM = picks) although hes not quite as selective. The difference on holding = tho being he will set sell limit at 5% or 2 dollar gain, setting his = sell stop at 7% or 3 dollars, myself I like the percentage play best, = but I don't think he buys stocks under $20.00. I have found that while = buying volume breakouts, often the stock will make good gains for 2 to 4 = days, then pull back, often to the original purchase price and hold = there. I have lost profits on about three here lately that in a few days = were up as much as 20%, only to pull back. Makes me wonder if when there = is generally a fair selection of break outs to pick from, might it not = be wise to take a few dollars profit and sell. We can always pick = another the following day, and the companies fundamentals wouldn't be = quite as critical when holding for the momentum type play. don't know a thing joe http://www.2fords.net/joe/index.html - ------=_NextPart_000_0044_01BD653D.1AF4C060 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Anyone follow Gary the technician in = "the=20 Street.com" newsletter?  He suggests picking stocks making new = highs=20 on volume, (basically CANSLIM picks) although hes not quite as = selective. The=20 difference on holding tho being he will set sell limit at 5% or 2 dollar = gain,=20 setting his sell stop at 7% or 3 dollars, myself I like the percentage = play=20 best, but I don't think he buys stocks under  $20.00.  I have = found=20 that while buying volume breakouts, often the stock will make good gains = for 2=20 to 4 days, then pull back, often to the original purchase price and hold = there.=20 I have lost profits on about three here lately that in a few days were = up as=20 much as 20%, only to pull back. Makes me wonder if when there is = generally a=20 fair selection of break outs to pick from, might it not be wise to take = a few=20 dollars profit and sell. We can always pick another the following day, = and the=20 companies fundamentals wouldn't be quite as critical when holding for = the=20 momentum type play.
 
don't know a thing
joe
http://www.2fords.net/joe/i= ndex.html
- ------=_NextPart_000_0044_01BD653D.1AF4C060-- - - ------------------------------ Date: Sat, 11 Apr 1998 11:33:38 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] MXWL (was MTW,, NVR) This is a multi-part message in MIME format. - ------=_NextPart_000_0054_01BD653D.ABB024A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, No,, WSTF Western Staff Services RS 95, ESP 95.. don't know a thing joe http://www.2fords.net/joe/index.html - ------=_NextPart_000_0054_01BD653D.ABB024A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
No,,  WSTF Western Staff = Services
RS 95, ESP 95..
 
don't know a thing
joe
 
http://www.2fords.net/joe/in= dex.html
 
 
- ------=_NextPart_000_0054_01BD653D.ABB024A0-- - - ------------------------------ Date: Sat, 11 Apr 1998 11:40:44 -0500 From: "Joe Scott" Subject: [CANSLIM] MXWL This is a multi-part message in MIME format. - ------=_NextPart_000_0062_01BD653E.A9822BA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sorry Tom, Shaking out the cobwebs. Looking closer, don't recall now why I was watching this one and can't = find any notes. don't know a thing joe http://www.2fords.net/joe/index.html - ------=_NextPart_000_0062_01BD653E.A9822BA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Sorry Tom,
Shaking out the cobwebs.
Looking closer, don't recall now why I was = watching=20 this one and can't find any notes.
 
don't know a thing
joe
 
http://www.2fords.net/joe/in= dex.html
- ------=_NextPart_000_0062_01BD653E.A9822BA0-- - - ------------------------------ Date: Sat, 11 Apr 1998 12:50:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Modified CANSLIM Joe, There's lots of different strategies on how to make money on stocks, and this one may work well, it's just not CANSLIM. WON has lots of rules on selling, but even then some of it is judgement and experience. Daytrading (or very short term trading) is certainly one of those approaches, and if you're good at it you can make money. But I have seen a number of brokers over the years that following the mentality of "my client is up $2 from where he bot, so we're going to take profits", only to have one stock gap down 8 or 10 points and wipe out the gains for the past several months of stocks that had moved the two pts up, not to mention the ones that stopped out to the downside, or just never did anything. You have to choose between investing, using CANSLIM or some other strategy, or else day trading. Each one has different goals, objectives and rules. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Saturday, April 11, 1998 12:29 PM Subject: [CANSLIM] Modified CANSLIM Anyone follow Gary the technician in "the Street.com" newsletter? He suggests picking stocks making new highs on volume, (basically CANSLIM picks) although hes not quite as selective. The difference on holding tho being he will set sell limit at 5% or 2 dollar gain, setting his sell stop at 7% or 3 dollars, myself I like the percentage play best, but I don't think he buys stocks under $20.00. I have found that while buying volume breakouts, often the stock will make good gains for 2 to 4 days, then pull back, often to the original purchase price and hold there. I have lost profits on about three here lately that in a few days were up as much as 20%, only to pull back. Makes me wonder if when there is generally a fair selection of break outs to pick from, might it not be wise to take a few dollars profit and sell. We can always pick another the following day, and the companies fundamentals wouldn't be quite as critical when holding for the momentum type play. don't know a thing joe http://www.2fords.net/joe/index.html - - ------------------------------ Date: Sat, 11 Apr 1998 12:53:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MXWL (was MTW,, NVR) Yes, MXWL was one you listed on your watch list, Joe. WSTF was also listed, and it doesn't look bad, despite not being in the book version of DG. But I am questioning why you would consider (watch) MXWL (Maxwell Tech). Tom W - -----Original Message----- From: Joe Scott To: canslim@lists.xmission.com Date: Saturday, April 11, 1998 12:33 PM Subject: Re: [CANSLIM] MXWL (was MTW,, NVR) Tom, No,, WSTF Western Staff Services RS 95, ESP 95.. don't know a thing joe http://www.2fords.net/joe/index.html - - ------------------------------ Date: Sat, 11 Apr 1998 16:57:55 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] quiet list Hi Ricardo, On Sat, 11 Apr 1998 10:28:11 -0500, you wrote: :In the interest of stirring things up a bit, here is what I am currently :holding: : :BARR, CAST, DCR, DRV, DTII, FBP, LSN, MTRS, PACC, RADAF, SDII, SIVB and = SONC : :Others I like: : :AGI, EWB, CCL.TO, CXP, CTI, CHKPF, CHKE, DHI, WIRE, FAF, GNTX, GDYS, = GTRC, :JKHY, IMP, JEF, MAXS, MRE, MTRS, MTH, MLI, OCA, PLT, RGA, REMI, SSD, = SMXC, :SMRT, TMBS, USAK, UPUP, WAB and XETA : :Have a good Easter/Passover/Whatever! : :Ricardo : I'm truly stirred. Won't comment on the ones you "like", but will on all of the ones you're holding. - -------------------------------------------------------------------------= - ---- BARR, is obviously not really CANSLIM right now, but I'm not one to scold (I'm holding KEG). CAST looks very good to me, in terms of what I see at DGO (Daily Graphs Online). I'd research the company/group before buying, but looks OK. Sales aren't going up, earnings don't appear to be accelerating, but the trend is certainly up. DCR How long have you had this one? Why didn't you tell me? DRV This one looks like what WON would call a "dog". Why are you holding this? Negative growth rate (-3%).=20 DTII Volume has really been drying up in this stock. RS of 50 =3D not CANSLIM. Trend is vaguely up, though it just broke under the 50 DMA. If it were mine, I might wait for a rebound and then sell, unless I knew something to warrant optimism beyond what I gather from the chart. =46BP The chart looks really good, however the earnings growth rate is very gradual. I do not know the dynamics that drive this sector. The chart has a stability that is impressive, but (of course) that is no guarantee. If you've had it since Jan. you're doing well. LSN I cannot imagine why DGO does not have a data block on this issue. It looks classic CANSLIM and LLUR to boot. Very stable, EPS/RS =3D 94/96, 8.2 million shares, 20% funds, PE =3D 19, appears to have it all. Earnings increase from 97 to 98 is less percentage-wise than previous years, but A in CANSLIM is still well up every year and quarter to quarter lately the margin over previous year continues to grow =3D EARNINGS ACCELERATION. MTRS Looks pretty solid. I don't think they're going to take off, but it may do pretty well. Right near new high, trend is up. Looks to be a definite CANSLIM stock. Looks to me like the progress of this stock pretty closely mirrors the general market trend, so I'd consider getting out if the market goes into a lull, and certainly if it takes a downturn. PACC This looks like a real winner. A new position at the moment looks problematical, as it's made a lot of progress lately. However, there may be a lot of near term potential nevertheless. U/D > 5 indicates this for sure. Small float, significant insider holding, big turnaround in earnings lately, group RS =3D 98, ...a lot going for this one.=20 RADAF This one's no secret. Lots of discussion on this board about this one in recent months. U/D =3D .8 points to probable lackluster performance near term, anyway, I'd think.=20 SDII Niche market points to the need for research on the industry...one story that gives auto air bags a bad rap would probably send this puppy down double digits in a day. That notwithstanding, it looks pretty good...a CANSLIM stock, by virtue of what I see at DGO. SIVB Currently above the 50 and 200 day averages and trending up. Pretty OK numbers. SONC Has held well above the 200 DMA and is lately nicely above the 50 DMA.=20 - -------------------------------------------------------------------------= - ---- I'm holding KEG, as I said, also LEN and TMBS.=20 Dan - - ------------------------------ Date: Sat, 11 Apr 1998 10:12:45 -0700 From: Tim Fisher Subject: Re: [CANSLIM] quiet list SDII was mentioned in a CNBC piece on side airbags in (I think) GM cars. They are expected to profit greatly from the addition. And of course where one car maker goes the rest will eventually follow. ABAG was also mentioned. At 04:57 PM 4/11/98 GMT, you wrote: >SDII Niche market points to the need for research on the >industry...one story that gives auto air bags a bad rap would probably >send this puppy down double digits in a day. That notwithstanding, it >looks pretty good...a CANSLIM stock, by virtue of what I see at DGO. > 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: Sat, 11 Apr 1998 17:17:40 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Best Buy OK. I posted about this one before -- on 1/22/98. Here's what I said: - -------------------------------------------------------------------------= - ---- Can I get some opinions on BBY =3D Best Buy, NYSE ?? RS 99, EPS 72, GRS 97 PE 57 Timeliness =3D A, A/D =3D A 32 Mill Float/44 Mill outstanding Short Interest =3D 8.7 days + 29% u/d =3D 3.3 !! One look at this chart and you think, "Correction? What correction"? Short interest indicates some are betting this boomer will bust, but I bet some of them are getting pretty nervous. Showed real strength in a down market today. This stock has appreciated about 60% in the last month without the benefit of anything you could call a breakout.=20 Dan - -------------------------------------------------------------------------= - ---- At that time the price was under $50. Today it is $72.56. It's still RS 99, now EPS 77 (up 5%). The acceleration in earnings is staggering. The GRS is 99. It dominates its sector. In fact, I don't see how you can't say that it is responsible for the top ranking of its sector. Short interest is a little up to 10 days, U/D has retreated to 1.8. It is off the high by 1%. I figure this company to be a benificiary of the Asian economic crisis: prices of electronics equipment in the U.S. that were manufactured in Asia are lower, boosting sales. Apparently, this company is reaping the benefits a great deal more than it's competition. Dan - - ------------------------------ Date: Sat, 11 Apr 1998 12:19:53 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Too Quiet > From: "Tom Worley" > To: "CANSLIM" > Is everybody out hunting Easter Eggs or otherwise enjoying the > Passover season or is the lack of new posts a result of the obvious > problems we are having with the list server? About all I've seen for Ok Tom, here is one for you to look at - Pappa Johns (PZZA). It came out of a long base on Thursday. 29 million shares, EPS 97, RS 67, A/D B, P/E 43, growth rate 49%. I'm not sure this is quite new, but their thing is that they make pizzas with fresh, quality ingedients, their pizza is more expensive than what you would get from Dominos (yetch), or others of that ilk, but also better tasting. I am going to anticipate your response to this one - which will be, the Relative Strength of 67 is too low to consider buying it. My question (which I don't have an answer to) is something like this - When a stock has formed a longer than usual base, it is almost certainly going to have a slightly lower than the desirable 80 or better Relative Strength number. However, we like a stock that is emerging from a base to a new high, so do we make an exception to the RS > 80 rule before buying in a case like this, where all other numbers are good, chart pattern good? If we don't make the exception, we will almost never buy a stock out of a long base, unless it formed during a period where the market was weak. Of course, I would like to hear from anyone with an opinion on this one. - - ------------------------------ Date: Sat, 11 Apr 1998 12:01:17 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] LBOR > From: Mulack > Date: Sat, 11 Apr 1998 10:14:18 EDT > To: canslim@xmission.com > Subject: [CANSLIM] LBOR > Reply-to: canslim@lists.xmission.com > Is this stock a canslim candidate? I appreciate others perspectives and > opinions for I am trying to learn canslim as best I can. Thanks in advance > for any replys. > Sincerely, > Frank > > > Labor Ready (LBOR) > > Eps 98, > REL 99 > A/D: A > 15 Mil floating shares Definitely a CANSLIM stock, it is pulling back towards a past breakout point, right around 27. My limited expertise in chart reading would say that that point should act as support. This might be a good opportunity to enter the stock if you missed it the first time. Volume on the recent price decline has been lower than it was on the way up, a good sign. I would buy a point or two above where it is now, since a price increase would be some sign that it has stopped correcting. - - ------------------------------ Date: Sat, 11 Apr 1998 12:01:17 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Chart reading 101 > From: > To: > would some of you folks look at mini's chart and tell me what it is > It looks like a long base or a saucer and handle?? MAYBE? > Hell I dont know. If you mean Mobile Mini, it looked like it formed a base from October through Jan., then broke out. Now it is up in no mans land, having nearly doubled since the breakout. Too prone to a correction after such a run up to be bought at this point, unless you want to be a real short term type guy. Then you could say it is forming a flag/pennant, and a breakout from that might be good for a few points. - - ------------------------------ Date: Sat, 11 Apr 1998 18:35:59 +0000 (GMT) From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Chart reading 101 David, MINI *was* a saucer (of about 3 months duration) until the beginning of Feb. At that time it had a pivot point at $7 or so. It formed a short 3 week base and another pivot happened (if you can properly have a pivot on a base that short) at about $8. Another equally short base developed at around $10, and another *pivot* off a short base happened at around $10 to $11. At this point, I don't believe you can consider this stock to have any base at all. It is extended, and by CANSLIM standards should consolidate before an entry point is chosen. This is my take on it, and I cannot be considered expert by any stretch. However, this is what I see.=20 Dan On Sat, 11 Apr 1998 10:13:23 -0700, you wrote: : :would some of you folks look at mini's chart and tell me what it is=20 :It looks like a long base or a saucer and handle?? MAYBE? :Hell I dont know. : : Thanks David : :- - - ------------------------------ Date: Sat, 11 Apr 1998 14:38:22 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Too Quiet This is a multi-part message in MIME format. - ------=_NextPart_000_0082_01BD6557.7A3FBEC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I love Pappa Johns Pizza, I tried to get a franchise here in Rockport = Texas, but they say area is already committed, wish they would hurry and = put it in.=20 Although I know about there pizza, I'm afraid I don't know anything = about there stock.=20 If you look hard you can find stocks with high RS in tight long bases, = then watch for break out. I do. don't know a thing joe http://www.2fords.net/joe/index.html - ------=_NextPart_000_0082_01BD6557.7A3FBEC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I love Pappa Johns Pizza, I tried to get a = franchise=20 here in Rockport Texas, but they say area is already committed, wish = they would=20 hurry and put it in.
Although I know about there pizza, I'm afraid = I don't=20 know anything about there stock.
If you look hard you can find stocks with = high RS in=20 tight long bases, then watch for break out. I do.
 
don't know a thing
joe
 
http://www.2fords.net/joe/in= dex.html
- ------=_NextPart_000_0082_01BD6557.7A3FBEC0-- - - ------------------------------ Date: Sat, 11 Apr 1998 16:05:18 -0700 From: Subject: [CANSLIM] chart reading 101 lesson 2 This is a multi-part message in MIME format. - ------=_NextPart_000_0039_01BD6563.9F07D420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable OK thanks for all the responses to the mini chart so far I see we have a = little bit=20 of varied opinion.=20 next lesson is AACE ace cash express yall take a look and give me = another lesson.=20 I agree that mini is in no mans land but all the canslim stuff seems to = be there maybe it will be a high tight flag. Cause if Joe dont know nothin I know less. =20 thanks David - ------=_NextPart_000_0039_01BD6563.9F07D420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
OK thanks for all the responses to = the mini=20 chart so far I see we have a little bit
of varied opinion.
next lesson is AACE ace cash express = yall take a=20 look and give me another lesson.
I agree that mini is in no mans land = but all the=20 canslim stuff seems to be there
maybe it will be a high tight = flag.
Cause if Joe dont know nothin I know = less.
 
 
          &nbs= p; =20 thanks David
- ------=_NextPart_000_0039_01BD6563.9F07D420-- - - ------------------------------ Date: Sat, 11 Apr 1998 16:49:53 EDT From: DCSquires Subject: Re: [CANSLIM] Too Quiet In a message dated 98-04-11 15:29:43 EDT, you write: << When a stock has formed a longer than usual base, it is almost certainly going to have a slightly lower than the desirable 80 or better Relative Strength number. However, we like a stock that is emerging from a base to a new high, so do we make an exception to the RS > 80 rule before buying in a case like this, where all other numbers are good, chart pattern good? >> I definetly agree with this. A stock with 60-75 RS that comes out of a sound base on heavy volume can have an RS in the 80's in no time. Take ACSC for instance. It broke out of a sound base on heavy volume six trading days ago. The RS the day before the breakout was 67 an it is now 90. DSquires - - ------------------------------ Date: Sat, 11 Apr 1998 15:56:04 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] chart reading 101 lesson 2 This is a multi-part message in MIME format. - ------=_NextPart_000_009A_01BD6562.555B7760 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable hey David, to far extended now, this one AACE should have been bought back on the = 26th or 27th at the latest, it would be chasin in now. base was back at = 11.00, or it based again at about 12.00, could pull back easy to 13.00 = now and you would be out. least thats how I read it. don't know a thing joe http://www.2fords.net/joe/index.html - ------=_NextPart_000_009A_01BD6562.555B7760 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
hey David,
to far extended now, this one AACE should = have been=20 bought back on the 26th or 27th at the latest, it would be chasin in = now. base=20 was back at 11.00, or it based again at about 12.00, could pull back = easy to=20 13.00 now and you would be out.
least thats how I read it.
 
don't know a thing
joe
 
http://www.2fords.net/joe/in= dex.html
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