From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #186 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, April 13 1998 Volume 02 : Number 186 In this issue: Re: [CANSLIM] wadda ya think? Re: [CANSLIM] A few stocks Re: [CANSLIM] Re: Opinion needed. [CANSLIM] Re: Peter Re: [CANSLIM] chart reading 101 lesson 2 [CANSLIM] canslim [CANSLIM] abag check it out [CANSLIM] Canslim ACSC [CANSLIM] more bank mergers (rumors) [CANSLIM] DG's A/D; Also Its Import Function [CANSLIM] BIGCHART Re: [CANSLIM] DG's A/D; Also Its Import Function [CANSLIM] European Markets Re: [CANSLIM] European Markets Re: [CANSLIM] European Markets [CANSLIM] Earnings [CANSLIM] Trading Limits [CANSLIM] Re. Lycos (LCOS) [CANSLIM] Wash sale Re: [CANSLIM] Wash sale [CANSLIM] Breakout TWMC [CANSLIM] earnings surprises Re: [CANSLIM] DG's A/D; Also Its Import Function [CANSLIM] Connie Mack: New E-Mail address. [CANSLIM] MTMS Thoughts Re: [CANSLIM] MTMS Thoughts Corrected Re: [CANSLIM] MTMS Thoughts [CANSLIM] Disclosure - sold my boo boo Fw: [CANSLIM] DG's A/D; Also Its Import Function Fw: [CANSLIM] Wash sale Re: [CANSLIM] Re. Lycos (LCOS) Re: [CANSLIM] abag check it out ---------------------------------------------------------------------- Date: Sun, 12 Apr 1998 19:30:15 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] wadda ya think? Having bot it at 16.625 and sold several weeks later at 20.5, am comfortable just watching it for now. I have a suspicion, nothing I can quantify other than gut instinct, that it may end up trading like EPIQ (then again it may do a PURW on me). But given the right opportunity, I may jump back into it. Tom W - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Sunday, April 12, 1998 3:20 PM Subject: Re: [CANSLIM] wadda ya think? > Date: Sun, 12 Apr 1998 22:04:56 +0000 > To: canslim@lists.xmission.com > MDLK is on my list. I consider it a cup and handle formation. I like the way > the volume has dried up in the handle. I'm looking for a breakout above 21 > 1/2. Chart and earnings look very good, bordering on too small for my tastes, but seems to be worth watching. I agree with your reading of the chart. - - - - ------------------------------ Date: Sun, 12 Apr 1998 19:36:38 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] A few stocks My error, Patrick. A stability rating of 3 is actually quite good. DG's definition of this nr is in percentage of one standard deviation "of the variability around the trend line fitted through 3 to 5 years of earning's history". I was reading it as a multiple of the std deviation, till you forced me to go back and do my homework. Thus the lower the nr, the better. And presumably since it's a percentage, it can't ever go negative. Tom W - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Sunday, April 12, 1998 3:20 PM Subject: Re: [CANSLIM] A few stocks > From: "Tom Worley" > To: > Patrick, > SUIT - RS of 77 and earnings stability of 3 would bounce it off my > list. I think earnings stability of 3 means different things to you and me. I had to double check on it by going to DG online and checking the earnings stability numbers of a few stocks I know to be excellent in consistency of earnings (JNJ, MRK, AHP, SGP), and they all had numbers in the single digits. So to me a 3 is good, means consistent earnings, little deviation from expected numbers. What is it about a low number you don't like? - - - - ------------------------------ Date: Sun, 12 Apr 1998 19:51:20 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Opinion needed. HUM - like so many successful big cap (or at least moderate cap) stocks in this "M", Humana has too many shares to qualify as a true CANSLIM stock. With funds at 31%, banks at 20% and management at only 7%, it would fail the "I" test for sure. The RS at 66 would be of greater concern to me. LIN - appears to be an excellent example of a LLUR stock (lower left upper right). Good steady (even phenomenal) growth in both earnings and revenues on a sequential basis. Excellent momentum play, but not CANSLIM due the absence of any established base. MBRS - nice, powerful nine week tight base with a volume breakout on Thursday and a strong (94) RS. Good proof that you can find long bases with good RS nrs. Thursday's move was on only slightly more than 1.5X ADV, but suggests to me this one has a ways to go even if it's already nearly 10% extended. Too bad there are no options on it! Tom W - -----Original Message----- From: John Phuong Nicholson To: canslim@lists.xmission.com Date: Sunday, April 12, 1998 6:03 PM Subject: [CANSLIM] Re: Opinion needed. > I'm new to this group and to online investing. I've been lurking here >for +- 2 months and have picked up some good tips on websites etc. >Have read HTTMMS several times . The area of chart pattern recognition still >seems rather subjective to me.. > I would greatly appreciate any opinions on the following stocks: > >SYMBOL/RS/EPS/RS GRP/TIME/ACCM/NEW >HUM/66/92/51/B/A/APR98 >LIN/95/91/90/A/A/APR98 >MBRS/94/75/97/A/B/APR98 > > I see cup/handle in HUM & MBRS. I'm I alone?? Opinion please. > The chart pattern of LIN would seem to be a stock pickers dream as it >has been continously increase for quite some time.. > > John Nicholson >Nova Friburgo, Brazil > > > >- > - - ------------------------------ Date: Sun, 12 Apr 1998 16:50:40 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Re: Peter <> That's how I and the other people I regularly correspond with have always used it. It's not critical, I suppose, as long as one understands the intent. But I've found that when you're dealing with jargon, it's always better to shoot for clarity than not, unless you're trying to impress the people at the next table. By separating pivot point and buy point, I'm able to discuss each with much less confusion as to what it is I'm talking about. And I have found that stocks will often change direction up to several days before the breakout. Since we all try to get a leg up on the competition and be aware of these possibilities beforehand, watching for these "pivotal" changes can be a great help. If there's a better word to describe the point at which the stock changes its direction, it's OK by me. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 12 Apr 1998 21:08:57 -0700 From: Subject: Re: [CANSLIM] chart reading 101 lesson 2 This is a multi-part message in MIME format. - ------=_NextPart_000_0041_01BD6657.352D6FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I bot it back at 13 and have sell stop at 13.75 , hope it dont have to = use it. by the way any ideas on mdlk ?? - -----Original Message----- From: Joe Scott To: canslim@lists.xmission.com Date: Saturday, April 11, 1998 2:11 PM Subject: Re: [CANSLIM] chart reading 101 lesson 2 =20 =20 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. =20 don't know a thing joe =20 http://www.2fords.net/joe/index.html - ------=_NextPart_000_0041_01BD6657.352D6FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I bot it back at 13 and have sell = stop at 13.75=20 , hope it dont have to use it.
by the way = any  ideas=20 on mdlk ??
-----Original = Message-----
From:=20 Joe Scott <joe@2fords.net>
To: = canslim@lists.xmission.com= =20 <canslim@lists.xmission.com= >
Date:=20 Saturday, April 11, 1998 2:11 PM
Subject: Re: = [CANSLIM] chart=20 reading 101 lesson 2

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.=20 base was back at 11.00, or it based again at about 12.00, could pull = back=20 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/in= dex.html
- ------=_NextPart_000_0041_01BD6657.352D6FC0-- - - ------------------------------ Date: Sun, 12 Apr 1998 22:47:01 EDT From: KKiely6335 Subject: [CANSLIM] canslim hi, Does anyone know where you can do a screen for stocks on the internet for the top 90% Relative Strength/ 90% EPS ranks? it doesn't have to be IBD's numbers they use. Please respond to my e-mail adress as i am quitting the digest right now thank you - - ------------------------------ Date: Sun, 12 Apr 1998 23:07:14 -0700 From: Subject: [CANSLIM] abag check it out This is a multi-part message in MIME format. - ------=_NextPart_000_000D_01BD6667.BB1322A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable apparently they have some major new airbag customers check out the chart - ------=_NextPart_000_000D_01BD6667.BB1322A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
apparently = they=20 have some major new airbag customers
check out the = chart
- ------=_NextPart_000_000D_01BD6667.BB1322A0-- - - ------------------------------ Date: Sun, 12 Apr 1998 21:12:36 -0700 From: Evelyn Fedele Subject: [CANSLIM] Canslim ACSC Hi, Thank you Tom W and Mark for your opinions on ACSC. I'm new to the Canslim method and pretty new to the digest too. Really learning a lot from this list and all the people on it. Evelyn - - ------------------------------ Date: Sun, 12 Apr 1998 23:16:55 -0500 From: "Ricardo Bekin" Subject: [CANSLIM] more bank mergers (rumors) Nationsbank and Bankamerica, Banc One and First Chicago NBD looks like Monday will be another strong day for financial stocks! Ricardo - - ------------------------------ Date: Mon, 13 Apr 1998 00:29:06 EDT From: JANSI1AUG1 Subject: [CANSLIM] DG's A/D; Also Its Import Function Tom, Connie or Whomever, Is there a usual period for a stock to stay in one A/D class once it moves up or down one letter grade, or does the period vary too much to be of any informational use? Also, I have Works 4.0. I can import from DG only the offered ASCII text (I don't have Lotus or Excel). Currently, I do "Reports" putting them in a database in Works. However, I have to load the data manually. Is there an easier way? jans - - ------------------------------ Date: Sun, 12 Apr 1998 22:12:40 -0400 From: Kom Tukovinit Subject: [CANSLIM] BIGCHART Bigchart also seems to be "linked" to Wall-Street Journal Interactive too. Tim Fisher wrote: > At 10:19 AM 4/12/98 -0400, you wrote: > >http://quicken.excite.com/investments/charts/?symbol=lcos&period=YTD&othersy > >mbols=&mavg=NONE&ImgSiz=455x250 > > > I've used this since I have Quicken and it's convenient but since you can't > get it to plot either the 200d or the 50d EMA, it is not nearly as useful as > bigcharts. If you have a Schwab account then access bigcharts through it, > it links to a different address which seems to be for Schwab subscribers > only (like the First Call site on Schwab) and so seems to be much faster > than the "Joe Schmoe" version. > > 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, 13 Apr 1998 06:26:05 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DG's A/D; Also Its Import Function Jans, Accumulation/Distribution (A/D) is a proprietary rating by WON (in other words we don't know the exact formula) which includes volume, price movement, and direction of price movement. It is a scale of A (best) to E (weakest). When I was trained by WON staffers, they explained that it primarily is a measure of block trading (implying institutional) altho the DG book does not indicate this. There is no set period for how long a stock would carry a particular grade, it would depend on the variable factors mentioned above and how they are weighed in the formula. Tom W - -----Original Message----- From: JANSI1AUG1 To: CANSLIM@xmission.com Date: Monday, April 13, 1998 12:28 AM Subject: [CANSLIM] DG's A/D; Also Its Import Function >Tom, Connie or Whomever, > > Is there a usual period for a stock to stay in one A/D class once it >moves up or down one letter grade, or does the period vary too much to be of >any informational use? > - - ------------------------------ Date: Mon, 13 Apr 1998 06:39:15 -0400 From: "Tom Worley" Subject: [CANSLIM] European Markets Anyone know if the European markets are open for trading today? I'm getting a lot of stale quotes from last Thursday. Tom W - - ------------------------------ Date: Mon, 13 Apr 1998 07:08:53 -0500 From: Joan Sherman Subject: Re: [CANSLIM] European Markets >Anyone know if the European markets are open for trading today? I'm >getting a lot of stale quotes from last Thursday. > >Tom W Tom, the market is closed in England. Trading did take place in the Asian markets. Joan Sherman /\~~~/\ /\~~~/\ /\~~~/\ /\~/\ /\~/\ and the gang ** ** ** ** ** Support Animal Rescue - - ------------------------------ Date: Mon, 13 Apr 1998 05:50:51 -0700 (PDT) From: Rich Subject: Re: [CANSLIM] European Markets It is likely that the continent is closed for Easter. I know that Monday after Easter Sunday is a Holiday in France. Ciao, Rich - ---Tom Worley wrote: > > Anyone know if the European markets are open for trading today? I'm > getting a lot of stale quotes from last Thursday. > > Tom W > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 13 Apr 1998 10:04:24 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Earnings I believe Intel's earnings are due out today after the market close. These are sometimes very important to market direction the next day, although this quarter may not have the potential to move the market down tomorrow because Intel has lowered expectations quite a bit already. - - ------------------------------ Date: Mon, 13 Apr 1998 10:14:55 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Trading Limits Here is a bit more detail about the trading limits that are being adopted by the NYSE, out of the WSJ from another mailing list I am on- ====================================================================== ========== NEW RULES FOR HALTING TRADING ON NYSE. From Wall Street Journal 4/13/98. The Securities and Exchange Commission cleared a plan that would loosen restrictions on how far stock prices can fall before trading must be halted, meaning that it will now take an unprecedented 30% drop in the stock market to shut down the nation's exchanges for the day. At current levels, the Dow Jones Industrial Average would have to fall about 2700 points before trading was halted -- a far greater point drop than the worst slump on record, a 554.26 point plunge on October 27. The SEC said the new trigger levels will be converted into point values at the beginning of each quarter of the year, using the average closing value of the Dow average for the previous month, then rounded to the nearest 50 points. The agency said the new triggers more closely reflect the circuit breakers' original purpose -- to be used only during a severe one-day market decline "of historic proportions." Given an average closing level for the Dow industrials of 8709.48 in March, the new trigger points are expected to be set at 850, 1,750 and 2,600 points, said a New York Stock Exchange official. The new limits will be effective Wednesday, April 15, 1998. The Commodity Futures Trading Commission also approved substantively identical rules for the stock-index futures market, the SEC said. Under the new rules: For a 10% decline, the trading halt would be one hour if triggered before 2 p.m. EST. At or after 2 p.m. but before 2:30 p.m., the halt would be for a half-hour. At or after 2:30 p.m., the market would not halt at the 10% level and would continue trading. For a 20% decline, the halt would be two hours if triggered before 1 p.m. EST. At or after 1 p.m. but before 2 p.m., the halt would be for one hour. If the 20% level were reached at or after 2 p.m., trading would stop for the remainder of the day. For a 30% decline anytime, trading would be halted for the rest of the day. - - ------------------------------ Date: Mon, 13 Apr 1998 14:33:30 EDT From: JANSI1AUG1 Subject: [CANSLIM] Re. Lycos (LCOS) Tom or any Canslimmer who is interested: I bought LCOS in late Sept. at 34;the next 2 days it rose to 42. I decided to keep it (I thought it was making its move). However, it next fell to 20 over the next 2 months (I kept it because I had a feeling-and also, I suppose, because I was paralyzed by the drop). I sold it finally at 50 (mainly because EPS-according to Yahoo-was suppose to drop to minus19 cents from the previous quarter's +1 cents;actually it rose to +2 cents) a few weeks ago;it has since risen to 66. Assuming, you would have bought it (it's EPS was less than 20 and its RS was 98 when I purchased it), would you have held it? For how long? When would you have sold it and why? (I noticed today that the LCOS datablock is no longer available. Is this relevant to WON's Canslim Analysis?) jans - - ------------------------------ Date: Mon, 13 Apr 1998 11:30:17 -0700 From: "Steve" Subject: [CANSLIM] Wash sale This is a multi-part message in MIME format. - ------=_NextPart_000_0033_01BD66CF.88C335C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Bob Brinker in yesterday's radio show said that if you are holding a = stock at a loss, want to keep it, but want the tax writeoff, you can = "double down" and avoid the 31 day wash sale rule of the IRS. eg. You hold 100 XYZ bot at 10, now 5. Buy another 100 at 5 today, then = tomorrow (or two minutes later, as long as it's later) sell your = original 100 at 5 and take the loss. =20 Anybody tried this? Does it really fly with the IRS? Steve=20 scg@sirius.com - ------=_NextPart_000_0033_01BD66CF.88C335C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Bob Brinker in yesterday's radio = show said that=20 if you are holding a stock at a loss, want to keep it, but want the tax=20 writeoff, you can "double down" and avoid the 31 day wash sale = rule of=20 the IRS.
 
eg. You hold 100 XYZ bot at 10, now = 5.  Buy=20 another 100 at 5 today, then tomorrow (or two minutes later, as long as = it's=20 later) sell your original 100 at 5 and take the loss.  =
 
Anybody tried this? Does it really fly with the=20 IRS?
 
Steve
scg@sirius.com
 
 
- ------=_NextPart_000_0033_01BD66CF.88C335C0-- - - ------------------------------ Date: Mon, 13 Apr 1998 14:46:04 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Wash sale Won't work that way as "any purchase" within 31 days of a sale at a loss creates a wash sale. What he may have been suggesting is to "double down" now, then hold for 31 days, then sell the original position after that, thus taking the loss for tax purposes but still owning the same amount as originally held. Tom W - -----Original Message----- From: Steve To: Canslim Date: Monday, April 13, 1998 2:35 PM Subject: [CANSLIM] Wash sale Bob Brinker in yesterday's radio show said that if you are holding a stock at a loss, want to keep it, but want the tax writeoff, you can "double down" and avoid the 31 day wash sale rule of the IRS. eg. You hold 100 XYZ bot at 10, now 5. Buy another 100 at 5 today, then tomorrow (or two minutes later, as long as it's later) sell your original 100 at 5 and take the loss. Anybody tried this? Does it really fly with the IRS? Steve scg@sirius.com - - ------------------------------ Date: Tue, 14 Apr 1998 01:54:26 +0000 From: Peter Christiansen Subject: [CANSLIM] Breakout TWMC TWMC appears to have broken out today. I suspect the volume will be at least 50% above the 30 day average by the close. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Mon, 13 Apr 1998 12:53:49 -0800 From: "Patrick Wahl" Subject: [CANSLIM] earnings surprises For those who don't know this one, for the next few weeks it might be worthwhile to check in at Yahoo Finance once a day, where they list earnings surprises for the day. Todays surprises were DLJ, up something like 8, and Fastenal (FAST), up around 5. I don't know how thorough the list is, but this is a good way to find some potential buy candidates. Anyone else have other sites for this info? - - ------------------------------ Date: Mon, 13 Apr 1998 15:57:31 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] DG's A/D; Also Its Import Function - --------------8659A8BC7EB2DC23BEB29FF4 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Jans-- Sorry. Can't help you with this. Thanks for the mail. Connie Mack JANSI1AUG1 wrote: > Tom, Connie or Whomever, > > Is there a usual period for a stock to stay in one A/D class once > it > moves up or down one letter grade, or does the period vary too much to > be of > any informational use? > > Also, I have Works 4.0. I can import from DG only the offered > ASCII text > (I don't have Lotus or Excel). Currently, I do "Reports" putting them > in a > database in Works. However, I have to load the data manually. Is > there an > easier way? > > jans > > - - --------------8659A8BC7EB2DC23BEB29FF4 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit  

Jans--

Sorry.  Can't help you with this.

Thanks for the mail.

Connie Mack
 

JANSI1AUG1 wrote:

Tom, Connie or Whomever,

     Is there a usual period for a stock to stay in one A/D class once it
moves up or down one letter grade, or does the period vary too much to be of
any informational use?

     Also, I have Works 4.0.  I can import from DG only the offered ASCII text
(I don't have Lotus or Excel).  Currently, I do "Reports" putting them in a
database in Works.  However, I have to load the data manually.  Is there an
easier way?

                                                   jans

-

   - --------------8659A8BC7EB2DC23BEB29FF4-- - - ------------------------------ Date: Mon, 13 Apr 1998 16:18:53 -0400 From: Connie Mack Rea Subject: [CANSLIM] Connie Mack: New E-Mail address. Members-- Have not intentionally ignored any member's request in the last few days. New E-Mail address: rea1@dp.net Connie Mack - - ------------------------------ Date: Mon, 13 Apr 1998 17:04:28 -0400 From: "James Adams" Subject: [CANSLIM] MTMS Thoughts I've been watching this one and it has slowly but steadily been increasing in price and volume. I would like for some of the more experienced chart readers to see if it looks as if a cup/handle pattern has formed. Other CANSLIM according to IBD 4/13 info is: EPS=87 RS=1 Acc/Dis=A Today it closed at $12 up 5/16: Vol 80,600, ADV=55,400 Zack's Consensus Rec = Strong Buy/1.2 Surprise = 10% Latest News: INDIANAPOLIS, March 24 (Reuters) - Made2Manage Systems Inc. said Tuesday it was amending 1997 and 1996 diluted earnings per share data, based on an SEC staff accounting bulletin. Diluted earnings per share increased to $0.25 from $0.24 in 1997 and increased to $0.73 from $0.66 in 1996, the company said. Fourth quarter 1996 EPS rose to $0.58 from $0.53. The bulletin requires that option grants for diluted EPS be calculated in a manner which decreases historical shares outstanding compared to previous SEC guidance, the company said. ((--Brad Dorfman, Chicago Equities News at 312 408 8787, chicago.equities.newsroom@reuters.com)) As always, TIA James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Mon, 13 Apr 1998 17:17:12 -0400 From: "James Adams" Subject: Re: [CANSLIM] MTMS Thoughts Corrected >EPS=87 RS=1 Acc/Dis=A > RS=91 > >As always, TIA >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Mon, 13 Apr 1998 18:03:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MTMS Thoughts Per DG Online, RS is 92. This chart illustrates one of the difficulties in evaluating a newly public company, esp in light of the news that you included. When a company first goes public, it rarely provides accurate results on a quarterly basis for the past several years. Even when it does, it is hard to compare, as the tax handling of potential profits on a sub-chapter S corp is vastly different than on a public corp. In this case, the forecast for 1998 shows a sharp drop in annual profits. I would also want to closely examine the report for Q4/fiscal year as the profits for Q4 seem extreme compared to the revenue growth and prior qtrs. Chart wise, it has made a move up, and now appears to be consolidating that move. The real base appears to be around $8 where it was priced when it went public. If I owned it at this point, I would see little reason for selling unless I needed a quick profit. Likewise, if I had bot it as it bounced around the $10 level, I would likely still hold on. But I would not be a fresh buyer of it until it settles down and can form some kind of a new base at this higher level. Tom W - -----Original Message----- From: James Adams To: Canslim Date: Monday, April 13, 1998 5:06 PM Subject: [CANSLIM] MTMS Thoughts >I've been watching this one and it has slowly but steadily been increasing >in price and volume. I would like for some of the more experienced chart >readers to see if it looks as if a cup/handle pattern has formed. Other >CANSLIM according to IBD 4/13 info is: > >EPS=87 RS=1 Acc/Dis=A >Today it closed at $12 up 5/16: Vol 80,600, ADV=55,400 >Zack's Consensus Rec = Strong Buy/1.2 Surprise = 10% >Latest News: > >INDIANAPOLIS, March 24 (Reuters) - Made2Manage Systems Inc. said Tuesday it >was amending 1997 and 1996 diluted earnings per share data, based on an SEC >staff accounting bulletin. >Diluted earnings per share increased to $0.25 from $0.24 in 1997 and >increased to $0.73 from $0.66 in 1996, the company said. Fourth quarter 1996 >EPS rose to $0.58 from $0.53. >The bulletin requires that option grants for diluted EPS be calculated in a >manner which decreases historical shares outstanding compared to previous >SEC guidance, the company said. ((--Brad Dorfman, Chicago Equities News at >312 408 8787, chicago.equities.newsroom@reuters.com)) > >As always, TIA >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Mon, 13 Apr 1998 18:13:31 -0400 From: "Tom Worley" Subject: [CANSLIM] Disclosure - sold my boo boo Sold my LGWX today essentially for a breakeven. After realizing my mistake of buying a stock without checking all the news, and later discovering it was being bot for stock by PLAT (with a considerably inferior chart), I only hoped to lessen the damage to my IRA after being down nearly $1000, so a breakeven is a definite victory for me, even tho it went back up even higher later to a new high (naturally after I sold it). Still, my other stock in my IRA continues to perform (EDAC) thus its gains are not being offset now. Since I am not longer a licensed (inactive) broker, this will likely be my last "disclosure" altho anyone can still email me privately and I will respond on what I am doing in my portfolios, esp on any stocks I have mentioned here in the past. Tom W - - ------------------------------ Date: Mon, 13 Apr 1998 18:15:44 -0400 From: "Tom Worley" Subject: Fw: [CANSLIM] DG's A/D; Also Its Import Function Wrote up several responses offline, and none apparently came thru. Will now forward them. Tom W - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Monday, April 13, 1998 6:26 AM Subject: Re: [CANSLIM] DG's A/D; Also Its Import Function >Jans, >Accumulation/Distribution (A/D) is a proprietary rating by WON (in >other words we don't know the exact formula) which includes volume, >price movement, and direction of price movement. It is a scale of A >(best) to E (weakest). When I was trained by WON staffers, they >explained that it primarily is a measure of block trading (implying >institutional) altho the DG book does not indicate this. > >There is no set period for how long a stock would carry a particular >grade, it would depend on the variable factors mentioned above and how >they are weighed in the formula. > >Tom W > >-----Original Message----- >From: JANSI1AUG1 >To: CANSLIM@xmission.com >Date: Monday, April 13, 1998 12:28 AM >Subject: [CANSLIM] DG's A/D; Also Its Import Function > > >>Tom, Connie or Whomever, >> >> Is there a usual period for a stock to stay in one A/D class >once it >>moves up or down one letter grade, or does the period vary too much >to be of >>any informational use? >> > > - - ------------------------------ Date: Mon, 13 Apr 1998 18:16:44 -0400 From: "Tom Worley" Subject: Fw: [CANSLIM] Wash sale Tom W - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Monday, April 13, 1998 2:46 PM Subject: Re: [CANSLIM] Wash sale >Won't work that way as "any purchase" within 31 days of a sale at a >loss creates a wash sale. What he may have been suggesting is to >"double down" now, then hold for 31 days, then sell the original >position after that, thus taking the loss for tax purposes but still >owning the same amount as originally held. > >Tom W > >-----Original Message----- >From: Steve >To: Canslim >Date: Monday, April 13, 1998 2:35 PM >Subject: [CANSLIM] Wash sale > > >Bob Brinker in yesterday's radio show said that if you are holding a >stock at a loss, want to keep it, but want the tax writeoff, you can >"double down" and avoid the 31 day wash sale rule of the IRS. > >eg. You hold 100 XYZ bot at 10, now 5. Buy another 100 at 5 today, >then tomorrow (or two minutes later, as long as it's later) sell your >original 100 at 5 and take the loss. > >Anybody tried this? Does it really fly with the IRS? > >Steve >scg@sirius.com > > > > - - ------------------------------ Date: Mon, 13 Apr 1998 19:02:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re. Lycos (LCOS) Hi Jans, You are correct that I would probably have missed this winner entirely due to the lack of earnings. Like most internet related stocks, it is being valued based on the investor's perception of market penetration (e.g. revenue growth) rather than on current, or even anticipated, earnings. What I do note is that for the past six months or so, the chart exhibited a very nice, orderly, LLUR (lower left upper right) pattern. Over the past two weeks however, it apparently got "discovered" and became far less predictable. I am always uncomfortable when a chart pattern changes so drastically, and likely would have sold in the area of 50 as it spiked upward so fast and far. When a stock starts running, I do try to hang on for the ride, but you reach a point where logic says to take the profit and get out. When a stock continues even higher, I just try to remind myself that I was quite happy with the profit I realized at the time, and not concern myself too much with the addl profit "I could have made". Had I bot it originally at 34, had it quickly spike to 42, then plunge to 20, quite honestly can't say what I might have done since I wasn't there. But had I held on, then the orderly progression over the past six months would likely have kept me in the stock. Don't have a good clue why WON dropped LCOS from the published version of DG (which is why there is no data block). Possibly the moderately low EPS, which I have been noticing is the cause more and more lately (used to be only on a liquidity issue). I have also seen a single bad qtr knock a stock out of the books, altho that's not the case here. Tom W - -----Original Message----- From: JANSI1AUG1 To: CANSLIM@xmission.com Date: Monday, April 13, 1998 2:35 PM Subject: [CANSLIM] Re. Lycos (LCOS) >Tom or any Canslimmer who is interested: > > I bought LCOS in late Sept. at 34;the next 2 days it rose to 42. I >decided to keep it (I thought it was making its move). However, it next fell >to 20 over the next 2 months (I kept it because I had a feeling-and also, I >suppose, because I was paralyzed by the drop). I sold it finally at 50 >(mainly because EPS-according to Yahoo-was suppose to drop to minus19 cents >from the previous quarter's +1 cents;actually it rose to +2 cents) a few weeks >ago;it has since risen to 66. > > Assuming, you would have bought it (it's EPS was less than 20 and its RS >was 98 when I purchased it), would you have held it? For how long? When would >you have sold it and why? (I noticed today that the LCOS datablock is no >longer available. Is this relevant to WON's Canslim Analysis?) > > jans > >- > - - ------------------------------ Date: Mon, 13 Apr 1998 19:20:44 -0400 From: "Jacksons" Subject: Re: [CANSLIM] abag check it out This is a multi-part message in MIME format. - ------=_NextPart_000_0069_01BD6711.418CE6A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ABAG's chart and numbers look very good. One small drawback, however, = is the previous higher high in the mid twenties in early 1995. I can't = remember if WON prefers no higher high within the last five years, but = the Pitbull system would disqualify it on these grounds. Mark =20 -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Sunday, April 12, 1998 11:09 PM Subject: [CANSLIM] abag check it out =20 =20 =20 apparently they have some major new airbag customers check out the chart - ------=_NextPart_000_0069_01BD6711.418CE6A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
ABAG's chart and numbers look very = good. =20 One small drawback, however, is the previous higher high in the mid = twenties in=20 early 1995.  I can't remember if WON prefers no higher high within = the last=20 five years, but the Pitbull system would disqualify it on these = grounds. =20 Mark 
-----Original = Message-----
From:=20 hoseco7@concentric.net=20 <hoseco7@concentric.net>
= To:=20 canslim@lists.xmission.com= =20 <canslim@lists.xmission.com= >
Date:=20 Sunday, April 12, 1998 11:09 PM
Subject: [CANSLIM] = abag check=20 it out

 
apparently=20 they have some major new airbag customers
check out the=20 chart
- ------=_NextPart_000_0069_01BD6711.418CE6A0-- - - ------------------------------ End of canslim-digest V2 #186 ***************************** 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.