From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #187 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 Tuesday, April 14 1998 Volume 02 : Number 187 In this issue: [CANSLIM] MAXS Re: [CANSLIM] MAXS Re: [CANSLIM] MAXS [CANSLIM] stocks that fit Re: [CANSLIM] MAXS Re: [CANSLIM] MAXS [CANSLIM] RS calculation [CANSLIM] Additions to my watch list Re: [CANSLIM] RS calculation Re: [CANSLIM] MTMS Thoughts [CANSLIM] Eye on MDLK [CANSLIM] CIR [OBV/MF stock] [CANSLIM] BNYN Re: [CANSLIM] RS calculation Re: [CANSLIM] MAXS Re: [CANSLIM] Eye on MDLK Re: [CANSLIM] Eye on MDLK Re: [CANSLIM] BNYN Re: [CANSLIM] Eye on MDLK [CANSLIM] Additional Breakouts Re: [CANSLIM] BNYN Re: [CANSLIM] Eye on MDLK Re: [CANSLIM] Eye on MDLK Re: [CANSLIM] Eye on MDLK [CANSLIM] Question about MDLK breakout. Re: [CANSLIM] Question about MDLK breakout. [CANSLIM] Re. Lycos (LCOS) [CANSLIM] HYSW ---------------------------------------------------------------------- Date: Mon, 13 Apr 1998 20:01:46 -0400 From: "James Adams" Subject: [CANSLIM] MAXS This one turned up from a CANSLIM type screen with MS Investor. I think, and I would like some help here, that this is a perfect cup/handle, with a breakout on Thursday which followed through today. Other CANSLIM: 82/93/A Growth Rate (4/98) est 19%; (7/98) est 20%; (Fisc Year 10/98) est 24% Zacks Rec 1.3 (Strong Buy-Mod Buy) New 52 wk high today 18 1/8-19.00 News: On 3/5/98: An announcement of a significant share of ownership in MAXS was filed with the SEC (Forms SC 13-D, SCD 13-D, SCD 13D/A, SC 13-D/A, SC 13-G, SC 13-G/A). On 3/2/98: It was reported that MAXS had exceeded analyst earnings estimates for at least the second quarter in a row. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Mon, 13 Apr 1998 21:28:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MAXS Main problem I would have with this chart is the lack of any defined base, and the lack of sig volume since it began to recover from a sizable spike down in mid-March. I don't see the cup and handle that you are referring to, as well. Tom W - -----Original Message----- From: James Adams To: Canslim Date: Monday, April 13, 1998 8:50 PM Subject: [CANSLIM] MAXS >This one turned up from a CANSLIM type screen with MS Investor. I think, and >I would like some help here, that this is a perfect cup/handle, with a >breakout on Thursday which followed through today. Other CANSLIM: >82/93/A >Growth Rate (4/98) est 19%; (7/98) est 20%; (Fisc Year 10/98) est 24% >Zacks Rec 1.3 (Strong Buy-Mod Buy) >New 52 wk high today 18 1/8-19.00 >News: On 3/5/98: An announcement of a significant share of ownership in MAXS - - ------------------------------ Date: Mon, 13 Apr 1998 22:40:51 -0400 From: "James Adams" Subject: Re: [CANSLIM] MAXS Tom Worley wrote: >Main problem I would have with this chart is the lack of any defined >base, and the lack of sig volume since it began to recover from a >sizable spike down in mid-March. I don't see the cup and handle that >you are referring to, as well. Tom, thanks for your quick reply. Maybe you can dialogue with me here to help me learn to be a better chart person. Here's what I see: RS of the cup (called LL maybe) begins on 3/17/98 and moves sideways until 3/30/98, then begins to form the UR on 3/3198 from which it moves back above the left side on 4/3/98. Then it forms a weak handle from 4/3 to 4/7 and then move up breaking out on 4/9. Help me ot understand why you dont' see a cup and handle? Is it because of the rather short lenght of time? Again, I'm wanting to use this as an opportunity to learn and I appreciate your insights. If you like the chart I'm looking at is here: http://investor.msn.com/charts/charting.asp?Symbol=maxs James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Mon, 13 Apr 1998 21:34:17 -0700 From: " Richard T." Subject: [CANSLIM] stocks that fit Hi, I have been CANSLIM investing for almost a year. No big deal because I have never found a stock that fits all of the CANSLIM criteria. I invite anyone in this group to show me a stock that satisfies all the CANSLIM rules. There is always something wrong with every stock isn't there? This method has made a lot of sense out of the stock market for me but try as I have I have never found a single stock that has fit all of the criteria necessary to be a CANSLIM stock choice. Richard - - ------------------------------ Date: Mon, 13 Apr 1998 22:07:05 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] MAXS > From: "James Adams" > To: > RS of the cup (called LL maybe) begins on 3/17/98 and moves sideways until > 3/30/98, then begins to form the UR on 3/3198 from which it moves back above > the left side on 4/3/98. Then it forms a weak handle from 4/3 to 4/7 and > then move up breaking out on 4/9. I think you are mixing terms here. LL-UR refers to a chart that moves evenly from the lower left of the chart page to the upper right in a more or less straight line, this over the course of a year. Take a look at Schering Plough (SGP) for an example of this sort of thing. It is not really a canslim term, a former member of the group devised it, I think it is a useful concept, but don't confuse it with a chart in a base. > Help me ot understand why you dont' see a cup and handle? Is it because of > the rather short lenght of time? Again, I'm wanting to use this as an > opportunity to learn and I appreciate your insights. Yes, length too short. I don't think it hurts to repost this from time to time, below is an excerpt from a magazine article about a cup and handle - - ------------------------------------------------------------------ "The cup of the pattern typically forms during intermediate-term market corrections and is usually 3 to 6 months in duration, but can be as long as 12 months during bear markets or as short as seven weeks during bull markets. The left side of the cup is a downtrend correcting the previous uptrend. The stock price bottoms and begins to advance, forming the right side of the cup. "During the formation of the cup's right side, the stock becomes subject to profit-taking at its old highs - the beginning of the cup formation - from sellers who bought at the cups bottom. In addition, investors who bought the stock near its old highs on the left side of the cup are anxious to sell." "The handle of the cup is usually more than one or two weeks long and should drift down on very low volume and form in the upper half of the pattern, preferably the upper third. A handle that drifts lower is important because it indicates that enough disbelievers are still active at that point. "... At this point, the volume should be light, indicating a lack of sellers. During the formation of the handle, new buyers step in and smart money adds to their positions, supporting the stock. When the stock breaks out from its handle, volume must surge by 40% above its avg. daily volume to confirm that demand is present at the stock's earliest emergin point." "Handles may also form slightly in new high ground [sic] when the right side of the cup drives somewhat higher than the cup's left side. ... Whatever the variation, the breakouts above the handle's high - the high on the right side of the cup - is what the investor wants to buy, which may or may not be a new high for the stock." > If you like the chart I'm looking at is here: > http://investor.msn.com/charts/charting.asp?Symbol=maxs > > James Adams......................Maysville, KY USA > http://www.cris.com/~jimadams/ > Internet Pager 1343361@pager.mirabilis.com > > > - > > - - ------------------------------ Date: Tue, 14 Apr 1998 08:03:20 -0400 From: "James Adams" Subject: Re: [CANSLIM] MAXS From: Patrick Wahl wrote: I think you are mixing terms here. LL-UR refers to a chart that moves evenly from the lower left of the chart page to the upper right Yes, length too short. I don't think it hurts to repost this from time to time, below is an excerpt from a magazine article about a cup and handle - Patrick thanks for the input. Why is this list is so important? Because you and others are willing to assist those of us who haven't had as much experience to learn to better informed. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 14 Apr 1998 20:27:35 +0200 From: "Frans van de Ven" Subject: [CANSLIM] RS calculation Hi, I'm new to this group. I wish to use the Canslim Method with the Zacks Research Wizard but I have a problem to calculate the RS from a stock. Is there sombody how knows to do this with the help from the Screen II selections. Frans van de Ven, Belgium. frans.van.de.ven@skynet.be - - ------------------------------ Date: Tue, 14 Apr 1998 08:59:34 -0400 From: "Tom Worley" Subject: [CANSLIM] Additions to my watch list ACAM, BNYN (yeah, I know, but the chart actually looks decent and they have returned to profitability), CTEC, PRLS (looks like a secondary base after a cup & handle), QMRK (thought this might be a buy this morning, but after looking at it on BigCharts will continue watching), SORC (no, not the same as socr, maybe a red flag tho? I don't like the non-std fiscal year). Tom W - - ------------------------------ Date: Tue, 14 Apr 1998 09:03:41 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RS calculation The way DG (WON) calculates it is the percentage price change of the stock over the last 12 months with 40% weight assigned to the latest qtr and 20% weight assigned to the other three quarters. This percentage change is then compared to all other stocks in the DG database, and a percentile ranking assigned. Lots of different sites use different formulas, but this is the true O'Neill approach. Tom W - -----Original Message----- From: Frans van de Ven To: canslim@lists.xmission.com Date: Tuesday, April 14, 1998 8:55 AM Subject: [CANSLIM] RS calculation >Hi, > >I'm new to this group. I wish to use >the Canslim Method with the Zacks Research Wizard but I have >a problem to calculate the RS from a stock. Is there sombody how >knows to do this with the help from the Screen II selections. > >Frans van de Ven, Belgium. > >frans.van.de.ven@skynet.be > > > > >- > - - ------------------------------ Date: Tue, 14 Apr 1998 09:08:27 -0400 From: Peter Newell Subject: Re: [CANSLIM] MTMS Thoughts James, IMHO software companies tend to go up then crash. The buying looks very heavy right now but you'd have to allow a stop down to 9 7/8 to avoid whipsaw. You could nibble at this and see what happens. Peter Newell > >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: Tue, 14 Apr 1998 20:55:52 +0000 From: Peter Christiansen Subject: [CANSLIM] Eye on MDLK MDLK is up 7/16 on high volume 30 minutes into trading. Getting close to a breakout. Will be watching it closely today. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Tue, 14 Apr 1998 09:57:27 -0400 From: Connie Mack Rea Subject: [CANSLIM] CIR [OBV/MF stock] Members-- My scans have pulled up fewer and fewer stocks these last few days. Today pulled up the fewest in over a year. Without having looked at any numbers, there seems to be fewer stocks from 10-25 dollars. Today I pulled up CIR [$20] that does not fulfil both OBV and MF criterion. Its MF reading from the middle of March to the present is powerfully and positively divergent. The OBV is tracking price. You can infer from the SlowStochastic that the stock is oversold. The indicator is giving a buy signal from that oversold level and both lines are showing a marked incline as you would want from this indicator. The MACD hints at turning up from an oversold level also. Remember that the MACD is a lagging indicator. The Volume Accumulation is modestly and positively divergent. The 3/7/10 EMA, with another uptick in price, will give its first buy signal. If you wish to be aggressive, this would be a time take a modest position. When the EMA gives its second, take a further position. When the indicator gives its third buy signal, take an additional position. One strategy would be to make each buy, say, 200 shares. If you made three buys, you should be in for 600 shares at about the price of the middle 200 and should permit you some leeway with your stops. A second stock, WAND, is worth watching. It has about 30 days of positive OBV/MF divergence beginning from the middle of March. The last few days were pretty strong down days in which both OBV and MF declined with the price. The EMA indicator is at least 3-5 days away from its first buy unless there is a 3/4 to 1 point bump shortly. When the EMA does give its first buy, the stock has some recovery juice built up. I will be buying some MCD at 18.25 this morning, along with WAND and CIR. Remember that I pay little or no attention to anything but technical indicators. Connie Mack - - ------------------------------ Date: Tue, 14 Apr 1998 10:04:45 -0400 From: "Tom Worley" Subject: [CANSLIM] BNYN Looks like I called it right on Banyan, up 19% now. Tom W - - ------------------------------ Date: Tue, 14 Apr 1998 07:09:46 -0700 From: Tim Fisher Subject: Re: [CANSLIM] RS calculation It is not easy but it can be done. Since Zacks doesn't have the price change from a year ago and for each quarter within the year, all you can do is approximate it. What I do is compare the 24wk % change in price from each stock to the 24wk % change for all the stocks in the database for RS, and to the change in price for the industry sector to get RS within the group. At 08:27 PM 4/14/98 +0200, you wrote: >Hi, > >I'm new to this group. I wish to use >the Canslim Method with the Zacks Research Wizard but I have >a problem to calculate the RS from a stock. Is there sombody how >knows to do this with the help from the Screen II selections. > >Frans van de Ven, Belgium. > >frans.van.de.ven@skynet.be > 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: Tue, 14 Apr 1998 07:09:44 -0700 From: Tim Fisher Subject: Re: [CANSLIM] MAXS LLUR is not a new term either; no one in this group devised it. I heard about LLUR investing when I was still in college, and that is too long ago to think about right now. At 10:07 PM 4/13/98 -0800, you wrote: >> From: "James Adams" >> To: > >> RS of the cup (called LL maybe) begins on 3/17/98 and moves sideways until >> 3/30/98, then begins to form the UR on 3/3198 from which it moves back above >> the left side on 4/3/98. Then it forms a weak handle from 4/3 to 4/7 and >> then move up breaking out on 4/9. > >I think you are mixing terms here. LL-UR refers to a chart that >moves evenly from the lower left of the chart page to the upper right >in a more or less straight line, this over the course of a year. >Take a look at Schering Plough (SGP) for an example of this sort of >thing. It is not really a canslim term, a former member of the group >devised it, I think it is a useful concept, but don't confuse it with >a chart in a base. > > 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: Tue, 14 Apr 1998 10:05:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Eye on MDLK Concur. Tom W - -----Original Message----- From: Peter Christiansen To: canslim@lists.xmission.com Date: Tuesday, April 14, 1998 9:54 AM Subject: [CANSLIM] Eye on MDLK >MDLK is up 7/16 on high volume 30 minutes into trading. Getting close to a >breakout. Will be watching it closely today. > >Peter Christiansen >Chiang Mai - Thailand > >- > - - ------------------------------ Date: Tue, 14 Apr 1998 12:50:22 -0700 From: Subject: Re: [CANSLIM] Eye on MDLK Well it is up 2 now at 1 PM I say again I am a rookie at this canslim investing when do we get in??? thanks David - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Tuesday, April 14, 1998 7:16 AM Subject: Re: [CANSLIM] Eye on MDLK >Concur. >Tom W > >-----Original Message----- >From: Peter Christiansen >To: canslim@lists.xmission.com >Date: Tuesday, April 14, 1998 9:54 AM >Subject: [CANSLIM] Eye on MDLK > > >>MDLK is up 7/16 on high volume 30 minutes into trading. Getting >close to a >>breakout. Will be watching it closely today. >> >>Peter Christiansen >>Chiang Mai - Thailand >> >>- >> > > >- > > - - ------------------------------ Date: Tue, 14 Apr 1998 14:03:42 -0700 From: Subject: Re: [CANSLIM] BNYN OK tom as a canslimer when do you get in on this one at the peak ??? or after a correction?? - -----Original Message----- From: Tom Worley To: CANSLIM Date: Tuesday, April 14, 1998 7:06 AM Subject: [CANSLIM] BNYN >Looks like I called it right on Banyan, up 19% now. > >Tom W > > > >- > > - - ------------------------------ Date: Wed, 15 Apr 1998 01:40:24 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] Eye on MDLK You should have been buying when it traded at 21 5/8. At 12:50 PM 4/14/98 -0700, you wrote: >Well it is up 2 now at 1 PM >I say again I am a rookie at this canslim investing >when do we get in??? > > thanks David >-----Original Message----- >From: Tom Worley >To: canslim@lists.xmission.com >Date: Tuesday, April 14, 1998 7:16 AM >Subject: Re: [CANSLIM] Eye on MDLK > > >>Concur. >>Tom W >> >>-----Original Message----- >>From: Peter Christiansen >>To: canslim@lists.xmission.com >>Date: Tuesday, April 14, 1998 9:54 AM >>Subject: [CANSLIM] Eye on MDLK >> >> >>>MDLK is up 7/16 on high volume 30 minutes into trading. Getting >>close to a >>>breakout. Will be watching it closely today. >>> >>>Peter Christiansen >>>Chiang Mai - Thailand >>> >>>- >>> >> >> >>- >> >> > > >- > Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Wed, 15 Apr 1998 01:47:05 +0000 From: Peter Christiansen Subject: [CANSLIM] Additional Breakouts In addition to MDLK, from my watch list, AFCI, DELL, & TG are breaking out as well. The RS on TG seems to be lagging a bit. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Tue, 14 Apr 1998 15:20:58 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BNYN If I had been quicker I would have been in shortly after the open, when its action confirmed what I was seeing in the charts. Unfortunately, I missed it. Now it's too late unless it retraces back to the base or forms a secondary base. Ths volume suggests there is institutional interest, which I had suspected, thus there may be further momentum, but it's not CANSLIM to chase a stock already up 20 or 30% in a day. And of course, the price of this one also technically disqualifies it as CANSLIM. Tom W - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Tuesday, April 14, 1998 2:03 PM Subject: Re: [CANSLIM] BNYN >OK tom as a canslimer when do you get in on this one >at the peak ??? or after a correction?? >-----Original Message----- >From: Tom Worley >To: CANSLIM >Date: Tuesday, April 14, 1998 7:06 AM >Subject: [CANSLIM] BNYN > > >>Looks like I called it right on Banyan, up 19% now. >> >>Tom W >> >> >> >>- >> >> > > >- > - - ------------------------------ Date: Tue, 14 Apr 1998 15:36:54 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Eye on MDLK Nobody can really answer that for you, nor is that the idea of this forum. You have to read the book (HTMMIS), study the chart and its CS elements, and decide what's right for you. Take a stand, on paper or with real money, and offer your position for comments. I'm sure there will be some who will give you feedback on what you pick as your entry point, but none of us are as well qualified as you are to judge your own investing actions. We're all here to improve our investing decisions, picks and timing. But we can't make decisions for others (heck, I have trouble making them just for myself, witness missing BNYN this morning!) Tom W - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Tuesday, April 14, 1998 12:49 PM Subject: Re: [CANSLIM] Eye on MDLK >Well it is up 2 now at 1 PM >I say again I am a rookie at this canslim investing >when do we get in??? > > thanks David >-----Original Message----- >From: Tom Worley >To: canslim@lists.xmission.com >Date: Tuesday, April 14, 1998 7:16 AM >Subject: Re: [CANSLIM] Eye on MDLK > > >>Concur. >>Tom W >> >>-----Original Message----- >>From: Peter Christiansen >>To: canslim@lists.xmission.com >>Date: Tuesday, April 14, 1998 9:54 AM >>Subject: [CANSLIM] Eye on MDLK >> >> >>>MDLK is up 7/16 on high volume 30 minutes into trading. Getting >>close to a >>>breakout. Will be watching it closely today. >>> >>>Peter Christiansen >>>Chiang Mai - Thailand >>> >>>- >>> >> >> >>- >> >> > > >- > - - ------------------------------ Date: Tue, 14 Apr 1998 15:05:23 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Eye on MDLK This is a multi-part message in MIME format. - ------=_NextPart_000_0010_01BD67B6.BFEB0040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable well I may have got lucky, I bot MDLK yesterday for 21 1/8,=20 also bot NVR, and MLT, not near as lucky on those today. I hate to lose money on a day like today, but I did. INFM, FDS, and HDWY = all down today, was partially saved by LGTO, TLC, and MDLK. don't know a thing joe http://www.2fords.net/joe =20 - ------=_NextPart_000_0010_01BD67B6.BFEB0040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
well I may have got lucky, I bot MDLK = yesterday =20 for 21 1/8,
also bot NVR, and MLT, not near as lucky on = those=20 today.
 
I hate to lose money on a day like today, but = I did.=20 INFM, FDS, and HDWY all down today, was partially saved by LGTO, TLC, = and=20 MDLK.
 
don't know a thing
joe
 
http://www.2fords.net/joe
 
- ------=_NextPart_000_0010_01BD67B6.BFEB0040-- - - ------------------------------ Date: Tue, 14 Apr 1998 16:28:55 -0700 From: Subject: Re: [CANSLIM] Eye on MDLK Thanks Tom I see what your saying. I guess I am just not sure of myself yet. I have been in mutuals for about 14 years and some drip programs with my wifes employer. This is my first time out on my own with a little play money. I have read the book HTMMIS three times any made numerous notes, so I guess that I will have to just go with my instincts and use yall for a sounding board. By the way what I currently have is MINI, AACE and BUNZ which I am still hanging on too even though I know now that I should have had a firm sell stop order in , but I let it get away from me, and it has bounced back some. But so far MINI and AACE have been doing well. I got MINI at 10 1/8 off a short base and AACE at 13 off another short base as I saw it. I got bunz around 22 off of what I thought was a good base also. But a change in the way they were calculating turn key operations profits had to be adjusted and changed their EPS projections for the last year and It sent investors. Packing fearing the worst I guess . I still think BUNZ is a strong company with great upside potential. They opened 30 new stores in the first quarter, bringing their total to over seven hundred. Ok I'll stop rambling and will set back and just watch and learn for a while . thanks you folks are great David - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Tuesday, April 14, 1998 12:48 PM Subject: Re: [CANSLIM] Eye on MDLK >Nobody can really answer that for you, nor is that the idea of this >forum. You have to read the book (HTMMIS), study the chart and its CS >elements, and decide what's right for you. Take a stand, on paper or >with real money, and offer your position for comments. I'm sure there >will be some who will give you feedback on what you pick as your entry >point, but none of us are as well qualified as you are to judge your >own investing actions. > >We're all here to improve our investing decisions, picks and timing. >But we can't make decisions for others (heck, I have trouble making >them just for myself, witness missing BNYN this morning!) > >Tom W > >-----Original Message----- >From: hoseco7@concentric.net >To: canslim@lists.xmission.com >Date: Tuesday, April 14, 1998 12:49 PM >Subject: Re: [CANSLIM] Eye on MDLK > > >>Well it is up 2 now at 1 PM >>I say again I am a rookie at this canslim investing >>when do we get in??? >> >> thanks David >>-----Original Message----- >>From: Tom Worley >>To: canslim@lists.xmission.com >>Date: Tuesday, April 14, 1998 7:16 AM >>Subject: Re: [CANSLIM] Eye on MDLK >> >> >>>Concur. >>>Tom W >>> >>>-----Original Message----- >>>From: Peter Christiansen >>>To: canslim@lists.xmission.com >>>Date: Tuesday, April 14, 1998 9:54 AM >>>Subject: [CANSLIM] Eye on MDLK >>> >>> >>>>MDLK is up 7/16 on high volume 30 minutes into trading. Getting >>>close to a >>>>breakout. Will be watching it closely today. >>>> >>>>Peter Christiansen >>>>Chiang Mai - Thailand >>>> >>>>- >>>> >>> >>> >>>- >>> >>> >> >> >>- >> > > >- > > - - ------------------------------ Date: Tue, 14 Apr 1998 16:32:04 -0400 From: "John F. Nogueira" Subject: [CANSLIM] Question about MDLK breakout. Concerning the recent activity of MDLK. I read this chart as a cup/handle with a pivot point at 21.5. Today's breakout was impressive on 7x ADV and a 10% price increase from the pivot point (+14.3% from yesterday's close). My question is this: When a CANSLIM stock runs up this rapidly on the breakout should it be held? Or should this be considered blow-off activity? John Nogueira P.S. Thanks to all who have been discussing this stock in the past few days. Let's keep those good ideas coming! - - ------------------------------ Date: Tue, 14 Apr 1998 16:39:24 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Question about MDLK breakout. This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01BD67C3.E2499A40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable That's the loaded question,=20 should I hold, or take my profit. I was reviewing some of my trades and found a few that I gave back the = gains, and ended up selling for a small loss, after being up almost 20%. = I also found some that I sold to soon, that came back and went higher, = that I sold for a push after holding for a couple of weeks, not wanting = to sell for a loss after being up. =20 I have a problem with patience, and selling too soon.=20 That wouldn't be to bad if I sold while they were up, but I waited until = they fell back then sold.=20 I talked to the group about this last week. With today's market I = believe that these breakouts can reach +20% much faster than a year or = two ago, and fall back just as fast. =20 According to CANSLIM if the stock goes +20% in LESS than 8 weeks, it = should be held for at least 8 weeks minimum, unless it violates the 8% = max loss. =20 Sometimes I wonder if with my impatience that I wouldn't be better = setting a sell limit, and take the smaller gains, but that wouldn't be = CANSLIM, and I really haven't given this a fair shake. I need to hold my = positions long enough for them to make there gains.=20 don't know a thing joe http://www.2fords.net/joe/ =20 - ------=_NextPart_000_000B_01BD67C3.E2499A40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
That's the loaded question,
should I hold,  or take my = profit.
I was reviewing some of my trades and found a = few that=20 I gave back the gains, and ended up selling for a small loss, after = being up=20 almost 20%.
I also found some that I sold to soon, = that came=20 back and went higher, that I sold for a push after holding for a couple = of=20 weeks, not wanting to sell for a loss after being up. 
I have a problem with patience, and selling too soon.
That wouldn't be to bad if I sold while they were up, but I waited = until=20 they fell back then sold.
I talked to the group about this last week. With today's market I = believe=20 that these breakouts can reach +20% much faster than a year or two ago, = and fall=20 back just as fast. 
According to CANSLIM  if the stock goes +20% in LESS than 8=20 weeks,  it should be held for at least 8 weeks minimum, unless it = violates=20 the 8% max loss. 
Sometimes I wonder if with my impatience that I wouldn't be better = setting=20 a sell limit, and take the smaller gains, but that  wouldn't be = CANSLIM,=20 and I really haven't given this a fair shake. I need to hold my = positions long=20 enough for them to make there gains. 
 
don't know a thing
joe
 
http://www.2fords.net/joe/<= /DIV>
 
 
 
- ------=_NextPart_000_000B_01BD67C3.E2499A40-- - - ------------------------------ Date: Tue, 14 Apr 1998 17:44:58 EDT From: JANSI1AUG1 Subject: [CANSLIM] Re. Lycos (LCOS) (I'm sending this to Canslim Digest so that those who want to can read the article. I'm on AOL, and AOL carries IBD. IBD is also on the Internet, I believe.) Tom: What a coincidence. IBD carries an article examining Internet stocks, the subject being how to recognize a "blowoff" and when to sell out of a stock's "buying frenzy". (Does this mean WON subscribes to the CanslimDigest?) jans - - ------------------------------ Date: Tue, 14 Apr 1998 18:48:20 -0800 From: "Patrick Wahl" Subject: [CANSLIM] HYSW You guys might want to look at Hyperion Software (HYSW), good numbers, strong group, looks poised to breakout from a sound base. - - ------------------------------ End of canslim-digest V2 #187 ***************************** 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.