From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #190 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 Thursday, April 16 1998 Volume 02 : Number 190 In this issue: Re: [CANSLIM] Netscape? [CANSLIM] Interesting Bases in the Oils Re: [CANSLIM] Netscape? Re: [CANSLIM] MTRS [CANSLIM] online firms Re: [CANSLIM] online firms Re: [CANSLIM] online firms Re: [CANSLIM] When to take profits?? Re: [CANSLIM] When to take profits?? [CANSLIM] Non-Canslim: CYLK [CANSLIM] Results of Earnings/Momentum Screen Re: [CANSLIM] Non-Canslim: CYLK Re: [CANSLIM] online firms Re: [CANSLIM] Results of Earnings/Momentum Screen Re: [CANSLIM] Results of Earnings/Momentum Screen [CANSLIM] TMBS earnings Re: [CANSLIM] Non-Canslim: CYLK Re: [CANSLIM] online firms [CANSLIM] TMBS and when to sell Re: [CANSLIM] Results of Earnings/Momentum Screen [CANSLIM] Market Data: Re: [CANSLIM] Results of Earnings/Momentum Screen Re: [CANSLIM] online firms Re: [CANSLIM] online firms Re: [CANSLIM] online firms -- Datek Re: [CANSLIM] online firms -- Datek Re: [CANSLIM] online firms -- Datek Re: [CANSLIM] TMBS earnings Re: [CANSLIM] Results of Earnings/Momentum Screen [CANSLIM] FFTI Breakout RE: [CANSLIM] FFTI Breakout Re: [CANSLIM] Results of Earnings/Momentum Screen Re: [CANSLIM] Results of Earnings/Momentum Screen Re: [CANSLIM] Results of Earnings/Momentum Screen Re: [CANSLIM] Results of Earnings/Momentum Screen ---------------------------------------------------------------------- Date: Wed, 15 Apr 1998 21:06:08 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Netscape? They've gone from profits to a loss in the latest qtr, as well as a drop in revenues. I don't know if they are the #1 browser or not, but just this evening was reading a report on their newest version. Apparently it has so many bugs in it, as I understood the article they are putting it, and the code, out in the public domain for debugging, and so far have changed or added several thousand lines of code. I started with Netscape 2.0, upgraded to 3.0, then switched to IE 3.0 and upgraded since to IE 4.0, and have no interest in checking out Netscape again. Last I heard they caved in and started giving away Netscape, relying on advertising for future revenues. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Wednesday, April 15, 1998 8:36 PM Subject: [CANSLIM] Netscape? Going through some charts here tonight on DG, and am looking at a list of internet stocks, some of them sure have popped in the past week or two. I try not to post this kind of thing to this group because it has nothing to do with CANSLIM, but I can't help but notice Netscape's chart NSCP. It popped 1.87 on 2x volume today off of what looks to be off a 4 year low, RS 8 . Its hard for me to believe that Netscape which I believe is still the no.1 browser is at a 4 year low, even with earnings, and sales slipping seems it would worth more than its selling for. don't know a thing joe http://www.2fords.net/joe/ - - ------------------------------ Date: Wed, 15 Apr 1998 21:46:00 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Interesting Bases in the Oils It has been a few days since my last look at the Oil stocks I follow. Todays Infobeat Petroleum report seemed upbeat and I thought it time to take another look. There are many interesting developments in the chart technicals. Most stocks are showing significant accumulation. Positive money flow/obv, prices at the 21day new high point, moving avg's solidifying nicely and most showing increasing daily volume. If it has been a while for any of you that follow the groups, I suggest you take a look-see. Frank Wolynski ( Remember "Even Turkeys can fly in a Windstorm!" ) - - ------------------------------ Date: Wed, 15 Apr 1998 21:52:04 -0400 From: "Nelson E. Timken, Esq." Subject: Re: [CANSLIM] Netscape? This is a multi-part message in MIME format. - ------=_NextPart_000_0019_01BD68B8.BA4076E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Netscape is through. Microsoft beat them with a superior product and a far superior marketing strategy. Why buy what is bundled with your computer software? Explorer is faster and takes up much less memory. Netscape has a Ship's Wheel as a logo, and in my experience, rightly, so, since it moves like a slow boat from site to site. Bill Gates' marketing genius wins out again. Nelson E. Timken, Esq. - --------------------------------------------------- J.N. Capital, Inc. Douglason, New York - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Wednesday, April 15, 1998 9:15 PM Subject: Re: [CANSLIM] Netscape? >They've gone from profits to a loss in the latest qtr, as well as a >drop in revenues. I don't know if they are the #1 browser or not, but >just this evening was reading a report on their newest version. >Apparently it has so many bugs in it, as I understood the article they >are putting it, and the code, out in the public domain for debugging, >and so far have changed or added several thousand lines of code. I >started with Netscape 2.0, upgraded to 3.0, then switched to IE 3.0 >and upgraded since to IE 4.0, and have no interest in checking out >Netscape again. > >Last I heard they caved in and started giving away Netscape, relying >on advertising for future revenues. > >Tom W > >-----Original Message----- >From: Joe Scott >To: CANSLIM >Date: Wednesday, April 15, 1998 8:36 PM >Subject: [CANSLIM] Netscape? > > >Going through some charts here tonight on DG, and am looking at a list >of internet stocks, some of them sure have popped in the past week or >two. I try not to post this kind of thing to this group because it has >nothing to do with CANSLIM, but I can't help but notice Netscape's >chart NSCP. >It popped 1.87 on 2x volume today off of what looks to be off a 4 >year low, RS 8 . >Its hard for me to believe that Netscape which I believe is still the >no.1 browser is at a 4 year low, even with earnings, and sales >slipping seems it would worth more than its selling for. > >don't know a thing >joe > >http://www.2fords.net/joe/ > > > >- > > - ------=_NextPart_000_0019_01BD68B8.BA4076E0 Content-Type: text/x-vcard; name="Nelson E. Timken, Esq..vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nelson E. Timken, Esq..vcf" BEGIN:VCARD VERSION:2.1 N:Timken;Nelson;E. FN:Nelson E. Timken, Esq. ORG:J.N. Capital, Inc. TITLE:Officer/Principal TEL;WORK;VOICE:718-468-6293 TEL;HOME;VOICE:718-468-6293 TEL;WORK;FAX:718-224-4782 TEL;HOME;FAX:718-224-4782 ADR;WORK:;;40-26 235th Street;Douglaston,;New York;11363;U.S.A. LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:40-26 235th = Street=3D0D=3D0ADouglaston,, New York 11363=3D0D=3D0AU.S.A. ADR;HOME:;;80-41 230th Street;Bellerose Manor,;New = York;11427-2105;U.S.A. LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor,, New York 11427-2105=3D0D=3D0AU.S.A. URL:http://www.geocities.com/wallstreet/5791 URL:Coming Soon! EMAIL;PREF;INTERNET:netimken@erols.com REV:19980416T015204Z END:VCARD - ------=_NextPart_000_0019_01BD68B8.BA4076E0-- - - ------------------------------ Date: Thu, 16 Apr 1998 11:44:30 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] MTRS At 12:03 PM 4/15/98 -0800, you wrote: >> MTRS is making new highs on big volume. >> >> Peter Christiansen >> Chiang Mai - Thailand > >What service do you use to get quotes, being over there in Thailand? >Just curious, not thinking of moving there or anything. I use Yahoo for delayed quotes, Fox for real time, and Quotes Plus for end of day data. I have full Internet service, so I am able to access the same services as you. My ISP has two 2 mbps links to the USA., one satellite and one fiber optic cable, so speed isn't bad. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Thu, 16 Apr 1998 06:15:27 -0400 From: "Tom Worley" Subject: [CANSLIM] online firms I need to move my accts from the firm where I used to work. At least for now, I want an online acct, and discovered yesterday that Knight Securities is not yet set up for retail or online, so must look elsewhere. I checked Fidelity, but they apparently won't take my margin acct on margin because I am unemployed. Anybody got any suggestions of a discount firm that doesn't have this problem? Tom W - - ------------------------------ Date: Thu, 16 Apr 1998 07:31:26 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] online firms This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01BD6909.AA188E00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I use e-schwab, a little expensive, $29.95 per trade, but service has = been perfect, and I have been unemployed since last august.=20 I don't think I was working when I set the account up. I find the term "retired" works much better than unemployed. =20 don't know a thing joe http://www.2fords.net/joe/ - ------=_NextPart_000_000B_01BD6909.AA188E00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I use e-schwab, a little expensive, $29.95 = per trade,=20 but service has been perfect, and I have been unemployed since last=20 august. 
 I don't think I was working when I set = the=20 account up.
I find the term "retired" works = much better=20 than unemployed.
 
don't know a thing
joe
 
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_000B_01BD6909.AA188E00-- - - ------------------------------ Date: Thu, 16 Apr 1998 08:41:08 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] online firms Thanks Joe, was already thinking about trying "self employed", but what kind of salary do I give myself!!! Tom W - -----Original Message----- From: Joe Scott To: canslim@lists.xmission.com Date: Thursday, April 16, 1998 8:32 AM Subject: Re: [CANSLIM] online firms I use e-schwab, a little expensive, $29.95 per trade, but service has been perfect, and I have been unemployed since last august. I don't think I was working when I set the account up. I find the term "retired" works much better than unemployed. don't know a thing joe http://www.2fords.net/joe/ - - ------------------------------ Date: Thu, 16 Apr 1998 09:02:38 -0400 From: Ari Lawson Subject: Re: [CANSLIM] When to take profits?? What about MDLK? I bought it at 21.875.I'm not greedy.It just looks like an almost perfect example of a strong CANSLIM stock.What do I do? Sell half of it at the open or what? - - ------------------------------ Date: Thu, 16 Apr 1998 08:15:25 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] When to take profits?? This is a multi-part message in MIME format. - ------=_NextPart_000_0023_01BD690F.CF085E60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I took a 31% gain on MDLK yesterday afternoon, after holding it for two = days. I would think it will pull back some, then possibly move to higher = highs.=20 I took my 31% and ran. I'll be looking for another. don't know a thing joe http://www.2fords.net/joe/ - ------=_NextPart_000_0023_01BD690F.CF085E60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I took a 31% gain on MDLK yesterday = afternoon, after=20 holding it for two days.
I would think it will pull back some, then = possibly=20 move to higher highs.
I took my 31% and ran. I'll be looking for=20 another.
 
 
don't know a thing
joe
 
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_0023_01BD690F.CF085E60-- - - ------------------------------ Date: Thu, 16 Apr 1998 09:20:31 -0400 From: Connie Mack Rea Subject: [CANSLIM] Non-Canslim: CYLK Members-- Only one stock was even close to meeting my OBV/MF scan this morning. It is strong on both OBV and MF. However, it is not positively divergent on either. The stock is CYLK. The 3/7/10 EMA gave a buy. I will try to buy a bit this morning. Remember to take a look at the market; do not use a market order. I thank the several members who mailed me about yesterday's post. Connie Mack - - ------------------------------ Date: Thu, 16 Apr 1998 10:10:34 -0400 From: "James Adams" Subject: [CANSLIM] Results of Earnings/Momentum Screen I complied a screen which uses the most stringent CANSLIM criteria that I could plug into the engine along with 1) Upgraded in previous month by major brokerage firms 2) Crossed 50 dma within last month 3) Relative Strength Increase in last month 4) Price <= $20.00 Results with latest IBD info: Aeroflex Inc (ARX) 90/97/A Group C Sirena Apparel (SIRN) 50/96/A Group A Walsh International (WSHI) 64/90/A Group ?? In the scan I asked for 25% EPS QTR vs QTR, 25% projected for next YR and avg >= 25% for next 5 years. Does the low EPS in IBD reflect a year long avg and that is why the #s differ from my screen's good EPS #s? James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Thu, 16 Apr 1998 10:23:42 EDT From: Mulack Subject: Re: [CANSLIM] Non-Canslim: CYLK Connie What market limit are you looking for on CYLK. I have read you view points on canslim and after trading a year with canslim agree. I have been thinknig about buying at the btms of a cup and then sell if a handle develops and then get back in at the end of the handle. What do you think? - - ------------------------------ Date: Thu, 16 Apr 1998 07:30:11 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] online firms > From: "Tom Worley" > To: "CANSLIM" > I need to move my accts from the firm where I used to work. At least > for now, I want an online acct, and discovered yesterday that Knight > Securities is not yet set up for retail or online, so must look > elsewhere. I checked Fidelity, but they apparently won't take my > margin acct on margin because I am unemployed. Anybody got any > suggestions of a discount firm that doesn't have this problem? Several weeks ago Barrons (I know you don't like them) reviewed online brokers. You might want to fish up that issue at your library to see the listings, but I remember that Discover? (the former Lombards, I think they are renamed Discover) was top rated. Suretrade, very cheap, was middle of the pack, I know someone using them, they would be ok. Many options out there. - - ------------------------------ Date: Thu, 16 Apr 1998 07:35:12 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen At 10:10 AM 4/16/98 -0400, you wrote: >I complied a screen which uses the most stringent CANSLIM criteria that I >could plug into the engine along with >1) Upgraded in previous month by major brokerage firms >2) Crossed 50 dma within last month >3) Relative Strength Increase in last month >4) Price <= $20.00 > >Results with latest IBD info: >Aeroflex Inc (ARX) 90/97/A Group C >Sirena Apparel (SIRN) 50/96/A Group A >Walsh International (WSHI) 64/90/A Group ?? > >In the scan I asked for 25% EPS QTR vs QTR, 25% projected for next YR and >avg >= 25% for next 5 years. Does the low EPS in IBD reflect a year long avg >and that is why the #s differ from my screen's good EPS #s? > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > I don't see how you could get EPS projections for the "next 5 years." If you're using Zacks data you are looking at a 5-year linear trend fit through the last 3 years plus the next 2 years' projections. Did you screen for insiders/institutional holdings? Also why only cheap stocks? Or do you mean price >= $20? 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: Thu, 16 Apr 1998 10:37:36 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen I guess the key here vis a vis your question is that IBD uses the HISTORY of earnings (5 year and most recent 4 qtrs) in its EPS rank calculation. Your scans were based on ESTIMATED FUTURE earnings. Analysts are often wrong about the next year's earnings by significant percentages. So I would not assign 5 year estimates too much weight, but they are a factor. I still don't exactly get IBD's calculation of EPS rank, but I do trust its value. Most of the time it makes good sense, but occassionally, as with ARX and WSHI it looks slightly off to me. ARX has ok 5 year earnings history, but the 1st and 2nd qtrs of the previous 4 qtrs showed big decreases in EPS vs the prior year. On the other hand, WSHI has very good earnings comparisons for the last 4 qtrs, but only 2 years of solid year end EPS (before that all losses). My gut feel reaction would place them as follows vs IBD values in parens. My IBD EPS values ARX 80 (90) SIRN 40 (50) WSHI 75 (64) At 10:10 AM 4/16/98 -0400, you wrote: >I complied a screen which uses the most stringent CANSLIM criteria that I >could plug into the engine along with >1) Upgraded in previous month by major brokerage firms >2) Crossed 50 dma within last month >3) Relative Strength Increase in last month >4) Price <= $20.00 > >Results with latest IBD info: >Aeroflex Inc (ARX) 90/97/A Group C >Sirena Apparel (SIRN) 50/96/A Group A >Walsh International (WSHI) 64/90/A Group ?? > >In the scan I asked for 25% EPS QTR vs QTR, 25% projected for next YR and >avg >= 25% for next 5 years. Does the low EPS in IBD reflect a year long avg >and that is why the #s differ from my screen's good EPS #s? > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > > - - ------------------------------ Date: Thu, 16 Apr 1998 10:38:59 EDT From: Mulack Subject: [CANSLIM] TMBS earnings For anyone following TMBS here is some information. TMBS released earnings today for the first qtr. Revenues were up 25% and Earnings per share came in at $.17 compared to last year qtr of $.05. Volume is doubled today. Good Luck Frank - - ------------------------------ Date: Thu, 16 Apr 1998 10:43:48 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Non-Canslim: CYLK Mulack-- Not sure what you mean by "market limit." Wouldn't let the bottom of cup be a buy signal. The bottom might not be the bottom. Try the EMAs I suggested yesterday as an entry point. Too, the OBV and MF may give you a hint, especially if either goes from a negative divergence to positive. Thanks for the mail. Connie Mack Mulack wrote: > Connie > > What market limit are you looking for on CYLK. > > I have read you view points on canslim and after trading a year with > canslim > agree. I have been thinknig about buying at the btms of a cup and > then sell > if a handle develops and then get back in at the end of the handle. > What do > you think? > > - - - ------------------------------ Date: Thu, 16 Apr 1998 08:44:10 -0600 From: "Scott Ames" Subject: Re: [CANSLIM] online firms I use Discover and like them a lot. >>> "Patrick Wahl" 04/16 9:30 AM >>> > From: "Tom Worley" > To: "CANSLIM" > I need to move my accts from the firm where I used to work. At least > for now, I want an online acct, and discovered yesterday that Knight > Securities is not yet set up for retail or online, so must look > elsewhere. I checked Fidelity, but they apparently won't take my > margin acct on margin because I am unemployed. Anybody got any > suggestions of a discount firm that doesn't have this problem? Several weeks ago Barrons (I know you don't like them) reviewed=20 online brokers. You might want to fish up that issue at your library=20 to see the listings, but I remember that Discover? (the former=20 Lombards, I think they are renamed Discover) was top rated. =20 Suretrade, very cheap, was middle of the pack, I know someone using=20 them, they would be ok. Many options out there. - - - - ------------------------------ Date: Thu, 16 Apr 1998 10:45:51 EDT From: Mulack Subject: [CANSLIM] TMBS and when to sell Wondering when to sell TMBS. Does anyone have any ideas. Thanks frank - - ------------------------------ Date: Thu, 16 Apr 1998 10:46:15 -0400 From: "James Adams" Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen From: Tim Fisher >I don't see how you could get EPS projections for the "next 5 years." If >you're using Zacks data you are looking at a 5-year linear trend fit through >the last 3 years plus the next 2 years' projections. The MS Investor site describes the criteria as "The percent change in earnings projected for a company over some given period" and one of the options is 5 year Earning Growth. > Did you screen for insiders/institutional holdings? Yes, sort of. I screen for an increase in institutional holdings since last qtr. >Also why only cheap stocks? Or do you meanprice >= $20? Because as a poor methodist preacher with 45,000 of student loans to pay off I can't afford much more . Not everyone is a biologist . BTW....Are you a fish collector? I'm a breeder of african cichlids and looking to set up a 90 gal saltwater. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Thu, 16 Apr 1998 10:08:07 -0400 From: Chris Reid Subject: [CANSLIM] Market Data: Well it's been a very long time since I last posted to this list, = probably 6 or 7 months, I've been lurking occasionally, stressed with = school and work, I haven't really been given the time to give much = thought to stocks beside the program I'm building (which is coming along = nicely I might say). Unfortunately the company who I had been getting = my market data from: T2 Software (all north American exchanges, indexes = and mutual funds for 30 cdn / month ) now seems to be down and it = appears I'll be needing a new data supplier. Does anyone know which = company offers any of the following: 1) Daily Stock Data from Canadian and American markets 2) Daily Data of popular Canadian and American indexes 3) Daily Data from Canadian and American mutual funds 4) Fundamental Data from Canadian and American markets=20 All of the following would be needed daily at the close (except the = Fundamental data which could probably be quarterly ?) This would be a great help Thanks, Christopher Reid - - ------------------------------ Date: Thu, 16 Apr 1998 11:29:14 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen You wrote: >>Also why only cheap stocks? Or do you meanprice >= $20? In general, stocks with prices below $12 a share are lower quality issues. Very occassionally one can find a real gem in those waters, but not often enough that the odds are in your favor. Also, in general, stocks between about $25 and $75 a share are where the CANSLIM "gold" is found. These are on average of much higher quality than the typical $12 or $15 stock. There is no reason that I can see to limit onself to low priced issues with small amounts of capital. I usually trade stocks based on a fixed amount I wish to invest. For example if I have $3000 and want to divide it between 3 stocks, I will put $1000 in each stock. If the 5 stocks I wish to buy are: HYSW @ 43 AFCI @ 41 MDLK @ 22 (to use round numbers and some familiar symbols). Then I would buy as follows: HYSW - 23 shares * 43 = $989 + $10 com = $999 AFCI - 24 shares * 41 = $984 + $10 com = $994 MDLK - 45 shares * 22 = $990 + $10 com = $1000. Notice that frequently the spread on these stocks is much lower than a $10 stock (by percentage). HYSW spread = bid 42 1/2, ask 43 = 1/2 spread = 1.2% spread (.5 / 43). AFCI spread = bid 40 15/16, ask 41 = 1/16 spread = 0.2% spread (.0625 / 41) MDLK spread = bid 21 1/4, ask 22 = 3/4 spread = 3.4% (.75 / 22) Now, what if you got a sudden tax refund of $1000 and decided to buy a lower cost stock like SIRN. SIRN - 144 shares * 6 15/16 = $999 + $10 = $1010. SIRN spread = bid 6 3/4, ask 6 15/16 = 3/16 spread = 2.7% (.1875 / 6.9375) Not just awful, but lookout for stocks lie this: bid 10, ask 10 3/4 (7.5%) or bid 8, ask 8 1/2 (6.25%) or bid 2, ask 2 1/4 (12.5%) YIKES!. Heck I wouldn't pay a 5% load to a mutual fund for professional management, I would have to really want the stock to pay a 5% spread to buy it. (Of course you can always place an order between the bid and asked). The old idea of buying a round lot (100 shares) is gone. Before deregulation, I believe most firms charged you extra commission to handle less than 100 shares. But now it does not matter at all. Buy 1 share of a $1000 stock, or 1000 shares of a $1 stock and your commission is the same. So why not go for the better quality merchandise? I do. I rarely enter an order for a number of shares that ends in two zeros. All my orders are for "odd" lots. I find I get just the same quality of executions as with even lots. Heck - computers handle most of this anyway now, and they surely don't care. - - ------------------------------ Date: Thu, 16 Apr 1998 10:34:20 -0500 From: Joe McKinley Subject: Re: [CANSLIM] online firms Tom, Try this page: http://www.sonic.net/donaldj/ One particularly helpful link is http://www.sonic.net/donaldj/query.html Search for the heading on this page titled "Best for margin accounts (low interest)" Don Johnson updates frequently and also posts his "discount brokers ranked" to misc.invest.stocks and other misc.invest groups every few weeks. On another subject, I've seen "LLUR" several times in the group (and know this means a "lower left, upper right" price chart), but don't see it mentioned in HTMMIS. Anymore information for defining such stocks, and how long the "rise" can be expected to last? Joe McKinley At 06:15 AM 4/16/98 -0400, you wrote: >I need to move my accts from the firm where I used to work. At least >for now, I want an online acct, and discovered yesterday that Knight >Securities is not yet set up for retail or online, so must look >elsewhere. I checked Fidelity, but they apparently won't take my >margin acct on margin because I am unemployed. Anybody got any >suggestions of a discount firm that doesn't have this problem? > >Tom W - - ------------------------------ Date: Thu, 16 Apr 1998 11:01:07 -0500 From: Joe McKinley Subject: Re: [CANSLIM] online firms >Several weeks ago Barrons (I know you don't like them) reviewed >online brokers. You might want to fish up that issue at your library >to see the listings, but I remember that Discover? (the former >Lombards, I think they are renamed Discover) was top rated. >Suretrade, very cheap, was middle of the pack, I know someone using >them, they would be ok. Many options out there. The article was in the 3/16/98 Barron's by Thersa Carey, titled "Beyond Cool". - - ------------------------------ Date: Thu, 16 Apr 1998 12:06:08 -0400 From: "B. Miller" Subject: Re: [CANSLIM] online firms -- Datek Hello, Does anybody know much about Datek. I understand there trade commission is $9.99 regardless of size or type of trade. A friend of mine is opening an account there. Brad - - ------------------------------ Date: Thu, 16 Apr 1998 11:07:59 -0500 From: Jimmy Sorrells Subject: Re: [CANSLIM] online firms -- Datek I have had an account with Datek for a year and a half and can report nothing but good about them. One word of caution. Their interface is almost exclusively internet. I have never spoken to a human being at Datek. If you need to talk to a person to answer questions, you will probably not like Datek. Jimmy B. Miller wrote: > Hello, > > Does anybody know much about Datek. I understand there trade commission is $9.99 > regardless of size or type of trade. A friend of mine is opening an account > there. > > Brad > > - - - ------------------------------ Date: Thu, 16 Apr 98 18:12:25 +0200 From: dirk schelfhout Subject: Re: [CANSLIM] online firms -- Datek I have an account at Datek, had no problems so far. ( I also have an account at DiscoverBrokerage ( former Lombard ), no problems either ) They have both improved over time. Dirk - - ------------------------------ Date: Thu, 16 Apr 1998 09:20:38 -0700 From: Tim Fisher Subject: Re: [CANSLIM] TMBS earnings Look at the volume closely. It dropped off to nothing at 11 AM. It does not appear that it is likely to break out nor that volume will be more than 2X ADV. P.S. I don't know how you get 2X already - I get 200k vs. 139k at 12:30 New Yawk Time.. At 07:38 AM 4/16/98 , you wrote: >For anyone following TMBS here is some information. > >TMBS released earnings today for the first qtr.=A0 Revenues were up 25% and= =20 >Earnings per share came in at $.17 compared to last year qtr of $.05. > >Volume is doubled today. > >Good Luck > >Frank > Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Thu, 16 Apr 1998 09:27:30 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen At 07:46 AM 4/16/98 , you wrote: >From: Tim Fisher > > > >>I don't see how you could get EPS projections for the "next 5 years."=A0= If >>you're using Zacks data you are looking at a 5-year linear trend fit >through >>the last 3 years plus the next 2 years' projections. > >The MS Investor site describes the criteria as "The percent change in >earnings projected for a company over some given period" and one of the >options is 5 year Earning Growth. > I seroiusly doubt that means "the next 5 years". More likely either the previous 5 years or the past 3 plus the next 2 years' projections. >> Did you screen for insiders/institutional holdings? > >Yes, sort of. I screen for an increase in institutional holdings since last >qtr. > So Insiders+institutions could hold more than half the float then. I'd check these 2 companies if I had time but maybe you should. Too much means little liquidity and if they get chicken and sell, look out below. >>Also why only cheap stocks? Or do you meanprice >=3D $20? > >Because as a poor methodist preacher with 45,000 of student loans to pay= off >I can't afford much more . Not everyone is a biologist . BTW....Are >you a fish collector? I'm a breeder of african cichlids and looking to set >up a 90 gal saltwater. > Anyone can afford any stock with the possible exception of Berkshire! I have owned $150 stocks with my little ol' 401K and IRA! Why should it matter whether you have 10 shares at $100 or 100 shares at $10? P.S. Fish collecting =3D another money pit. I prefer to sink my money with rocks! I had 5-6 tanks at one time but mostly kept North American gamefish. I have done lots of work in SE Asia and wished I could have brought some of those beauties home on the plane ;( Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Thu, 16 Apr 1998 13:14:55 -0400 From: "James Adams" Subject: [CANSLIM] FFTI Breakout It appears the FFTI is breaking out of a handle formation today. Volume @ 13:12 EDT 166,700 ADV 88,000 Price @ 13:12 EDT 14 13/16 up 13/16 IBD #'s today 88/99/A Where would the buy point be? James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Thu, 16 Apr 1998 13:27:48 -0400 From: "Knowles, Richard N." Subject: RE: [CANSLIM] FFTI Breakout at 6 about 6 months ago Rich > -----Original Message----- > From: James Adams [SMTP:jimadams@may-uky.campus.mci.net] > Sent: Thursday, April 16, 1998 1:15 PM > To: Canslim > Subject: [CANSLIM] FFTI Breakout > > It appears the FFTI is breaking out of a handle formation today. > Volume @ 13:12 EDT 166,700 ADV 88,000 > Price @ 13:12 EDT 14 13/16 up 13/16 > IBD #'s today 88/99/A > Where would the buy point be? > > James Adams......................Maysville, KY USA > http://www.cris.com/~jimadams/ > Internet Pager 1343361@pager.mirabilis.com > > > - > - - ------------------------------ Date: Thu, 16 Apr 1998 13:39:40 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen >> Notice that frequently the spread on these stocks is much lower than a $10 stock (by percentage). << Hi, Generally, lower spreads are not because of the price but more related to liquidity (volume) & volatility. At least in my experience (ex-broker). Bob - - ------------------------------ Date: Thu, 16 Apr 1998 13:38:57 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen Craig, check your math. In the first three examples of "spread" (which is the difference between the bid and ask) you use only half the spread in your calculation. But in later example you use the entire spread, giving an incorrect comparison. I agree that the "old" reason of buying only in round lots to avoid the surcharge is history. However, the real reason for buying in quantity remains, to divide the cost of the round trip transaction over more shares. Even if it only costs $20 for the round trip, this cost over 40 shares means the first 50 cents of appreciation go to pay costs. Had you bot 200 shares for the same cost, then only a dime is needed to cover costs. From my personal experience, the old myths and wife's tales and general avoidance of "large spread" stocks can be ignored. At most firms, the new Order Display rules on OTC stocks (where the majority of "large spread" problems existed) now has resolved that issue. I have no hesitation in buying or selling a large spread stock, esp one that is thinly traded, using limits instead of a mkt order. Tom W - -----Original Message----- From: Craig Griffin To: canslim@lists.xmission.com Date: Thursday, April 16, 1998 11:27 AM Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen >You wrote: > >There is no reason that I can see to limit onself to low priced issues with >small amounts of capital. I usually trade stocks based on a fixed amount I >wish to invest. For example if I have $3000 and want to divide it between >3 stocks, I will put $1000 in each stock. If the 5 stocks I wish to buy are: > >HYSW @ 43 >AFCI @ 41 >MDLK @ 22 > >(to use round numbers and some familiar symbols). Then I would buy as >follows: > >HYSW - 23 shares * 43 = $989 + $10 com = $999 >AFCI - 24 shares * 41 = $984 + $10 com = $994 >MDLK - 45 shares * 22 = $990 + $10 com = $1000. > >Notice that frequently the spread on these stocks is much lower than a $10 >stock (by percentage). > >HYSW spread = bid 42 1/2, ask 43 = 1/2 spread = 1.2% spread (.5 / 43). >AFCI spread = bid 40 15/16, ask 41 = 1/16 spread = 0.2% spread (.0625 / 41) >MDLK spread = bid 21 1/4, ask 22 = 3/4 spread = 3.4% (.75 / 22) > >Now, what if you got a sudden tax refund of $1000 and decided to buy a >lower cost stock like SIRN. > >SIRN - 144 shares * 6 15/16 = $999 + $10 = $1010. >SIRN spread = bid 6 3/4, ask 6 15/16 = 3/16 spread = 2.7% (.1875 / 6.9375) > - - ------------------------------ Date: Thu, 16 Apr 1998 13:50:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen James, If you are going to focus on stocks under $20 (and I'll disagree with some of the comments already posted, I have made some nice money on these) then you must recognize that by and large these are stocks not closely followed by the investment community. Thus, having a criteria of "upgraded in previous month by major brokerage firms" will eliminate most of the legitimate candidates. Many are not even followed by "major brokerage firms", and upgrades just don't happen that often on the few that are followed. On earnings, the focus should be on the most recent 4 qtrs, and the forecast for the next full year. Any attempt to forecast out more than one year gets very shaky, even when done by a professional analyst on the basis of product introduction, historic growth, industry growth and standards, etc. Too many external events can affect a company's earnings, ranging from economic events such as Asia, to new competition. I would also be careful about looking at earnings growth simply compared to the prior year. If the earnings went up 25%, but the "street" based on estimates was expecting 50%, it's unlikely the stock will perform well. The better measure is against expectations. Tom W - -----Original Message----- From: James Adams To: Canslim Date: Thursday, April 16, 1998 10:13 AM Subject: [CANSLIM] Results of Earnings/Momentum Screen >I complied a screen which uses the most stringent CANSLIM criteria that I >could plug into the engine along with >1) Upgraded in previous month by major brokerage firms >2) Crossed 50 dma within last month >3) Relative Strength Increase in last month >4) Price <= $20.00 > >Results with latest IBD info: >Aeroflex Inc (ARX) 90/97/A Group C >Sirena Apparel (SIRN) 50/96/A Group A >Walsh International (WSHI) 64/90/A Group ?? > >In the scan I asked for 25% EPS QTR vs QTR, 25% projected for next YR and >avg >= 25% for next 5 years. Does the low EPS in IBD reflect a year long avg >and that is why the #s differ from my screen's good EPS #s? > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Thu, 16 Apr 1998 13:56:46 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen Concur (also an ex-broker) Tom W - -----Original Message----- From: Robert Bomba <73223.2767@compuserve.com> To: canslim@lists.xmission.com Date: Thursday, April 16, 1998 1:41 PM Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen >>> Notice that frequently the spread on these stocks is much lower than a >$10 >stock (by percentage). << > >Hi, > >Generally, lower spreads are not because of the price but more related to >liquidity (volume) & volatility. At least in my experience (ex-broker). > > Bob > >- > - - ------------------------------ End of canslim-digest V2 #190 ***************************** 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.