From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #193 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 Friday, April 17 1998 Volume 02 : Number 193 In this issue: Re: [CANSLIM] HYSW Re: [CANSLIM] Re. 3/7/10 EMA Re: [CANSLIM] Results of Earnings/Momentum Screen Subject: Re: [CANSLIM] Re. 3/7/10 EMA [CANSLIM] Re: My Watch List [CANSLIM] Cendant (CD) Re: [CANSLIM] HYSW Re: [CANSLIM] Re. 3/7/10 EMA Re: Subject: Re: [CANSLIM] Re. 3/7/10 EMA Re: [CANSLIM] Results of Earnings/Momentum Screen [CANSLIM] bad address - Jim Kelly Re: [CANSLIM] HYSW [CANSLIM] WAND [OBV/MF] Re: [CANSLIM] Re. 3/7/10 EMA Re: [CANSLIM] Re. 3/7/10 EMA [CANSLIM] Re. Discount Brokers and Thanks to Connie Re: [CANSLIM] HYSW [CANSLIM] MDLK Downgrade [CANSLIM] beware DGO Re: [CANSLIM] bad address - Jim Kelly [CANSLIM] HPII Re: [CANSLIM] Cendant (CD) Re: [CANSLIM] HYSW [CANSLIM] avei Re: [CANSLIM] HPII Re: [CANSLIM] HPII Re: [CANSLIM] HYSW Re: [CANSLIM] My watch list Re: [CANSLIM] 1998 Predictions Re: [CANSLIM] avei Re: [CANSLIM] avei [CANSLIM] REMOVE ---------------------------------------------------------------------- Date: Fri, 17 Apr 1998 11:08:23 -0400 From: Craig Griffin Subject: Re: [CANSLIM] HYSW Looks like possibly a "shakeout below support" going on today. Might also be a problem - one never knows. At 06:16 AM 4/17/98 -0800, you wrote: >Peter and someone else mentioned owning Hyperion Software. I e >mailed them to find out when earnings are due, and they said after >the close (5 PM eastern) on Tuesday, April 21. > >- > > - - ------------------------------ Date: Thu, 16 Apr 1998 18:42:17 -0700 From: Talib Hirji Subject: Re: [CANSLIM] Re. 3/7/10 EMA Connie, I am trying to learn your strategy and I have looked a random stock "THDO". On Daily chart of 4/8/98 as I see, its 3 line is above 7 & 10 line; and 7 line is above its 10 line. This means it complies with your first requirement. Second I see MF & OBV rising. Just to understand the proper interpretation of your Strategy Would you consider this a buy candidate on 4/8/97. Your Educative response would be appreciated. Thank You, Talib At 02:49 PM 4/16/98 -0400, you wrote: >Jans-- > >You're right on with the EMA. > >Must be careful not to refine out the significance the use of the >3/7/10 EMA. I.e., the first buy signal and, therefore, the most >sensitive, is the passing of the 3-line through the 7. The next signal >would be the passing of the 3-line through the 10. Finally, and the >least sensitive, would be he passing of the 7-line through the 10. > >I have found that my strongly restrictive use of OBV/MF permits me to >feel fairly safe by acting on the first buy given by the 3/710. The >Canslimer might wish for the 3-line or the 7-line to pass through the >10-line before acting. > >Remember that the 3/7/10 EMA is pretty damn fast and can jerk you >around. The Canslimer might find a 5/10/15 or 5/10/20 more amenable. >The stock beta might give a hint about which buy signal to act on. The >higher the beta, the faster the buy [and sell] signals will occur. > >Let me know if I've left something unanswered. > >Thanks for the mail. > >Connie Mack > > > > >JANSI1AUG1 wrote: > >> Connie, >> >> I've wondered this before, but I mention the question today >> because your >> recent analysis of getting into the cup or handle BEFORE the breakout >> is >> interesting. Your decision to enter seems based on the penetration of >> the >> 3/7/10 EMA (whenever the stock is in the proper C&H chart formation). >> >> My question is what is "EMA"? Is that an Exponential Moving >> Average? >> And does that mean that you use 3 periodicities of them, viz., the >> 3,7,10? >> (Also, what penetration are you looking at: The daily through the 3, >> the 3 >> through the 7, the 7 through the 10, etc.? Which >> penetration-permutation >> seems significant to you?) >> >> jans >> >> - > > > > > >- > > - - ------------------------------ Date: Thu, 16 Apr 1998 22:18:36 -0500 (CDT) From: "Jason P. Butler" Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen He's saying that if you have 200 shares, after the the first .10 rise, you will have profit. But, if you bought 40 shares, the stock would have to rise .50 before you would see a profit. On Thu, 16 Apr 1998, Tim Fisher wrote: > Hey Tom, you must be using that "new math" I've heard so much about. > Seriously though, look at what you wrote. You are saying that 200 x 0.10 > does not equal 40 x 0.50. Of course it does! > > At 07:50 PM 4/16/98 -0800, you wrote: > > 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. > > > 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: Fri, 17 Apr 1998 03:59:59 -0500 From: Bob Simms Subject: Subject: Re: [CANSLIM] Re. 3/7/10 EMA Connie, you say what criterion you use to buy a stock. When do you sell? Thanks ahead of time. Best Wishes, Bob - - ------------------------------ Date: Fri, 17 Apr 1998 11:16:06 -0400 (EDT) From: "John Nogueira (mssm2000)" Subject: [CANSLIM] Re: My Watch List The ADV on NSIT according to DG is 93,600, not 49,700. Sorry about that. John - - ------------------------------ Date: Fri, 17 Apr 1998 11:18:10 -0400 From: "Tom Worley" Subject: [CANSLIM] Cendant (CD) I realize that commercialization isn't allowed here, so please don't condemn me too badly. But I am working on developing some business as a consultant to several securities attorneys. Won't pay the bills for now as it takes several years usually to settle cases. In any case, if any members got caught in the debacle of Cendant (CD) yesterday and would like some free advice and possible assistance, please write me privately at stkguru@netside.net. Likewise, if any members are holding stocks that were severely punished by the company negatively restating earnings, you can also contact me. Back to checking quotes and studying charts and trying to pay the bills. Tom W - - ------------------------------ Date: Fri, 17 Apr 1998 11:21:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HYSW And has nearly traded a days vol as of 1120, ADV is 170,000. Tom W - -----Original Message----- From: Craig Griffin To: canslim@lists.xmission.com Date: Friday, April 17, 1998 11:08 AM Subject: Re: [CANSLIM] HYSW >Looks like possibly a "shakeout below support" going on today. Might also >be a problem - one never knows. > - - ------------------------------ Date: Fri, 17 Apr 1998 11:40:20 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re. 3/7/10 EMA Morning Talib-- I read the positions of the 3/7/10 EMA just as you do. Same with the OBV and MF. I'm not sure what you mean by "This means it complies with your first requirement." If you mean that the passing of the 7-day EMA through the 10 is the requirement for the most conservative buy, then you are right. The least conservative [therefore, the most aggressive] would have been the passing of the 3-line through the 7. The next most aggressive buy would be the passing of the 7-line through the 10. There are, then, three buy signals: [1] 3-line through the 7; [2] 3-line through the 10; [3] and the 7-line through the 10. Sell signals would call for the reverse. To see the acuity among the three lines, you may need to look at one of the intraday charts. It is not uncommon in a volatile stock to have the 3-line and 7-line pass almost simultaneously through the 10. By my OBV/MF criteria, the stock would not have been a buy. It is a strong stock, which is to say that the OBV and MF track the price, but neither of the indicators shows a positive divergence. Always, there must be a positive divergence in both the OBV and the MF to signal a buy. Thank you for the mail. Connie Mack Talib Hirji wrote: > Connie, I am trying to learn your strategy and I have looked a random > stock > "THDO". > > On Daily chart of 4/8/98 as I see, its 3 line is above 7 & 10 line; > and 7 > line is above its 10 line. > This means it complies with your first requirement. > > Second I see MF & OBV rising. > > Just to understand the proper interpretation of your Strategy Would > you > consider this a buy candidate on 4/8/97. > > Your Educative response would be appreciated. > > Thank You, > > Talib > > At 02:49 PM 4/16/98 -0400, you wrote: > >Jans-- > > > >You're right on with the EMA. > > > >Must be careful not to refine out the significance the use of the > >3/7/10 EMA. I.e., the first buy signal and, therefore, the most > >sensitive, is the passing of the 3-line through the 7. The next > signal > >would be the passing of the 3-line through the 10. Finally, and the > >least sensitive, would be he passing of the 7-line through the 10. > > > >I have found that my strongly restrictive use of OBV/MF permits me to > > >feel fairly safe by acting on the first buy given by the 3/710. The > >Canslimer might wish for the 3-line or the 7-line to pass through the > > >10-line before acting. > > > >Remember that the 3/7/10 EMA is pretty damn fast and can jerk you > >around. The Canslimer might find a 5/10/15 or 5/10/20 more amenable. > > >The stock beta might give a hint about which buy signal to act on. > The > >higher the beta, the faster the buy [and sell] signals will occur. > > > >Let me know if I've left something unanswered. > > > >Thanks for the mail. > > > >Connie Mack > > > > > > > > > >JANSI1AUG1 wrote: > > > >> Connie, > >> > >> I've wondered this before, but I mention the question today > >> because your > >> recent analysis of getting into the cup or handle BEFORE the > breakout > >> is > >> interesting. Your decision to enter seems based on the penetration > of > >> the > >> 3/7/10 EMA (whenever the stock is in the proper C&H chart > formation). > >> > >> My question is what is "EMA"? Is that an Exponential Moving > >> Average? > >> And does that mean that you use 3 periodicities of them, viz., the > >> 3,7,10? > >> (Also, what penetration are you looking at: The daily through the > 3, > >> the 3 > >> through the 7, the 7 through the 10, etc.? Which > >> penetration-permutation > >> seems significant to you?) > >> > >> jans > > >> > >> - > > > > > > > > > > > >- > > > > > > - - - ------------------------------ Date: Fri, 17 Apr 1998 11:56:22 -0400 From: Connie Mack Rea Subject: Re: Subject: Re: [CANSLIM] Re. 3/7/10 EMA Morning Bob-- As to the 3/7/10 EMA. Use the reverse of the buy signal. I.e., the most aggressive sell signal is that given when the 3-line passes down through the 7, then the 3-line through the 10, and then the 7-line through the 10. The practice of looking for shorts is closely analogous to that for determining when to sell a stock held long. I.e., when a stock shows a negative divergence in both the OBV and MF, it is a short prospect and at the same time an indicator to move out of a long position. However, if the investor followed the OBV/MF criteria for buying, he likely would never have been long the stock, unless, in the unlikely instance, both the OBV and the MF had shown negative divergence since it had been bought. The stock I posted about today is an example of a stock that is a prospect for shorting because of the IBV/MF negative divergence. There are several other criteria for shorting beyond just the negative IBV/MF. Volatility, float, dividend, etc. are requisite considerations that need not be heavily weighed to take a long position. It is at the same time a stock, if held long, to be wary of, especially when the 3/7/10 EMA gives a sell. Thanks for the mail. Connie Mack Bob Simms wrote: > Connie, you say what criterion you use to buy a stock. When do you > sell? Thanks ahead of time. > > Best Wishes, > > Bob > > - - - ------------------------------ Date: Fri, 17 Apr 1998 09:03:35 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Results of Earnings/Momentum Screen Can't this thread just die? Oh yeah, I'm helping keep it alive. My response consists of "who cares?" Either way you made exactly the same amount of= money in US dollars, and exactly the same percent gain, as many have pointed out.= =20 At 08:18 PM 4/16/98 , you wrote: >He's saying that if you have 200 shares, after the the first .10 rise, you >will have profit.=A0 But, if you bought 40 shares, the stock would have to >rise .50 before you would see a profit. > >On Thu, 16 Apr 1998, Tim Fisher wrote: > >> Hey Tom, you must be using that "new math" I've heard so much about. >> Seriously though, look at what you wrote. You are saying that 200 x 0.10 >> does not equal 40 x 0.50. Of course it does! >>=20 >> At 07:50 PM 4/16/98 -0800, you wrote: >> > 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. >> > >> 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! >>=20 >>=20 >> - >>=20 >>=20 > > > >- >=20 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: Fri, 17 Apr 1998 12:39:23 -0400 From: "Tom Worley" Subject: [CANSLIM] bad address - Jim Kelly Jim, my email response to you bounced back as a bad address. Tom W - - ------------------------------ Date: Fri, 17 Apr 1998 10:07:00 -0700 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] HYSW Your right about a shakeout. I was taken out at 41.25 (6.5% loss). At least I wasn't taken out at the low for the day so far of 39.5 (although that has happened to me before). It's frustrating. I wish I knew what or who moved this stock so much today. As I write this, the stock is back up to its opening price of 44. I'll keep an eye on it, however, for possible reentry if reported earnings are solid, or if it breaks out above 45.5-46 on high volume. - -----Original Message----- From: Craig Griffin To: canslim@lists.xmission.com Date: Friday, April 17, 1998 8:11 AM Subject: Re: [CANSLIM] HYSW >Looks like possibly a "shakeout below support" going on today. Might also >be a problem - one never knows. > >At 06:16 AM 4/17/98 -0800, you wrote: >>Peter and someone else mentioned owning Hyperion Software. I e >>mailed them to find out when earnings are due, and they said after >>the close (5 PM eastern) on Tuesday, April 21. >> >>- >> >> > >- > > - - ------------------------------ Date: Fri, 17 Apr 1998 13:08:08 -0400 From: Connie Mack Rea Subject: [CANSLIM] WAND [OBV/MF] Members-- Jim mentioned to me, in connection with another stock, that he had bought WAND and in retrospect wondered what had prompted him to do so. WAND turned up on my OBV/MF list yesterday. It has a positive divergence from about the middle of February to the end of March. Probably a bit of money to be made here come the next EMA buy, which could occur within the next day or two. Connie Mack - - ------------------------------ Date: Fri, 17 Apr 1998 10:20:40 -0700 From: Talib Hirji Subject: Re: [CANSLIM] Re. 3/7/10 EMA Thank You Connie, You Interpreted my message correctly. Concerning your looking for positive divergance on OBV & MF, I am not sure I understand corectly. By positive divergance do you mean that OBV & MF should be Rising with prices falling, in which case 3/7/10 criteria would not be satisfied. Can you eloborate more on Positive Divergance as you would like to see ? Thank You, Talib At 11:40 AM 4/17/98 -0400, you wrote: >Morning Talib-- > >I read the positions of the 3/7/10 EMA just as you do. Same with the >OBV and MF. > >I'm not sure what you mean by "This means it complies with your first >requirement." If you mean that the passing of the 7-day EMA through the >10 is the requirement for the most conservative buy, then you are right. > >The least conservative [therefore, the most aggressive] would have been >the passing of the 3-line through the 7. The next most aggressive buy >would be the passing of the 7-line through the 10. > >There are, then, three buy signals: [1] 3-line through the 7; [2] >3-line through the 10; [3] and the 7-line through the 10. Sell signals >would call for the reverse. To see the acuity among the three lines, >you may need to look at one of the intraday charts. It is not uncommon >in a volatile stock to have the 3-line and 7-line pass almost >simultaneously through the 10. > >By my OBV/MF criteria, the stock would not have been a buy. It is a >strong stock, which is to say that the OBV and MF track the price, but >neither of the indicators shows a positive divergence. Always, there >must be a positive divergence in both the OBV and the MF to signal a >buy. > >Thank you for the mail. > >Connie Mack > > > > >Talib Hirji wrote: > >> Connie, I am trying to learn your strategy and I have looked a random >> stock >> "THDO". >> >> On Daily chart of 4/8/98 as I see, its 3 line is above 7 & 10 line; >> and 7 >> line is above its 10 line. >> This means it complies with your first requirement. >> >> Second I see MF & OBV rising. >> >> Just to understand the proper interpretation of your Strategy Would >> you >> consider this a buy candidate on 4/8/97. >> >> Your Educative response would be appreciated. >> >> Thank You, >> >> Talib >> >> At 02:49 PM 4/16/98 -0400, you wrote: >> >Jans-- >> > >> >You're right on with the EMA. >> > >> >Must be careful not to refine out the significance the use of the >> >3/7/10 EMA. I.e., the first buy signal and, therefore, the most >> >sensitive, is the passing of the 3-line through the 7. The next >> signal >> >would be the passing of the 3-line through the 10. Finally, and the >> >least sensitive, would be he passing of the 7-line through the 10. >> > >> >I have found that my strongly restrictive use of OBV/MF permits me to >> >> >feel fairly safe by acting on the first buy given by the 3/710. The >> >Canslimer might wish for the 3-line or the 7-line to pass through the >> >> >10-line before acting. >> > >> >Remember that the 3/7/10 EMA is pretty darn fast and can jerk you >> >around. The Canslimer might find a 5/10/15 or 5/10/20 more amenable. >> >> >The stock beta might give a hint about which buy signal to act on. >> The >> >higher the beta, the faster the buy [and sell] signals will occur. >> > >> >Let me know if I've left something unanswered. >> > >> >Thanks for the mail. >> > >> >Connie Mack >> > >> > >> > >> > >> >JANSI1AUG1 wrote: >> > >> >> Connie, >> >> >> >> I've wondered this before, but I mention the question today >> >> because your >> >> recent analysis of getting into the cup or handle BEFORE the >> breakout >> >> is >> >> interesting. Your decision to enter seems based on the penetration >> of >> >> the >> >> 3/7/10 EMA (whenever the stock is in the proper C&H chart >> formation). >> >> >> >> My question is what is "EMA"? Is that an Exponential Moving >> >> Average? >> >> And does that mean that you use 3 periodicities of them, viz., the >> >> 3,7,10? >> >> (Also, what penetration are you looking at: The daily through the >> 3, >> >> the 3 >> >> through the 7, the 7 through the 10, etc.? Which >> >> penetration-permutation >> >> seems significant to you?) >> >> >> >> jans >> >> >> >> >> - >> > >> > >> > >> > >> > >> >- >> > >> > >> >> - > > > > > >- > > - - ------------------------------ Date: Fri, 17 Apr 1998 13:49:06 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re. 3/7/10 EMA Talib-- You have understood correctly about the rising of the OBV/MF against a falling price. This indicator is just a filter. The 3/7/10 EMA is the timing indicator for the buy/sell of those stocks having met the OBV/MF criteria. The MACD and Fast/Slow Stochastics are confirming indicators. Connie Mack Talib Hirji wrote: > Thank You Connie, > > You Interpreted my message correctly. > > Concerning your looking for positive divergance on OBV & MF, I am not > sure > I understand corectly. By positive divergance do you mean that OBV & > MF > should be Rising with prices falling, in which case 3/7/10 criteria > would > not be satisfied. > > Can you eloborate more on Positive Divergance as you would like to see > ? > > Thank You, > > Talib > > At 11:40 AM 4/17/98 -0400, you wrote: > >Morning Talib-- > > > >I read the positions of the 3/7/10 EMA just as you do. Same with the > > >OBV and MF. > > > >I'm not sure what you mean by "This means it complies with your first > > >requirement." If you mean that the passing of the 7-day EMA through > the > >10 is the requirement for the most conservative buy, then you are > right. > > > >The least conservative [therefore, the most aggressive] would have > been > >the passing of the 3-line through the 7. The next most aggressive > buy > >would be the passing of the 7-line through the 10. > > > >There are, then, three buy signals: [1] 3-line through the 7; [2] > >3-line through the 10; [3] and the 7-line through the 10. Sell > signals > >would call for the reverse. To see the acuity among the three lines, > > >you may need to look at one of the intraday charts. It is not > uncommon > >in a volatile stock to have the 3-line and 7-line pass almost > >simultaneously through the 10. > > > >By my OBV/MF criteria, the stock would not have been a buy. It is a > >strong stock, which is to say that the OBV and MF track the price, > but > >neither of the indicators shows a positive divergence. Always, there > > >must be a positive divergence in both the OBV and the MF to signal a > >buy. > > > >Thank you for the mail. > > > >Connie Mack > > > > > > > > > >Talib Hirji wrote: > > > >> Connie, I am trying to learn your strategy and I have looked a > random > >> stock > >> "THDO". > >> > >> On Daily chart of 4/8/98 as I see, its 3 line is above 7 & 10 line; > > >> and 7 > >> line is above its 10 line. > >> This means it complies with your first requirement. > >> > >> Second I see MF & OBV rising. > >> > >> Just to understand the proper interpretation of your Strategy Would > > >> you > >> consider this a buy candidate on 4/8/97. > >> > >> Your Educative response would be appreciated. > >> > >> Thank You, > >> > >> Talib > >> > >> At 02:49 PM 4/16/98 -0400, you wrote: > >> >Jans-- > >> > > >> >You're right on with the EMA. > >> > > >> >Must be careful not to refine out the significance the use of the > > >> >3/7/10 EMA. I.e., the first buy signal and, therefore, the most > >> >sensitive, is the passing of the 3-line through the 7. The next > >> signal > >> >would be the passing of the 3-line through the 10. Finally, and > the > >> >least sensitive, would be he passing of the 7-line through the 10. > > >> > > >> >I have found that my strongly restrictive use of OBV/MF permits me > to > >> > >> >feel fairly safe by acting on the first buy given by the 3/710. > The > >> >Canslimer might wish for the 3-line or the 7-line to pass through > the > >> > >> >10-line before acting. > >> > > >> >Remember that the 3/7/10 EMA is pretty darn fast and can jerk you > >> >around. The Canslimer might find a 5/10/15 or 5/10/20 more > amenable. > >> > >> >The stock beta might give a hint about which buy signal to act on. > > >> The > >> >higher the beta, the faster the buy [and sell] signals will occur. > > >> > > >> >Let me know if I've left something unanswered. > >> > > >> >Thanks for the mail. > >> > > >> >Connie Mack > >> > > >> > > >> > > >> > > >> >JANSI1AUG1 wrote: > >> > > >> >> Connie, > >> >> > >> >> I've wondered this before, but I mention the question today > > >> >> because your > >> >> recent analysis of getting into the cup or handle BEFORE the > >> breakout > >> >> is > >> >> interesting. Your decision to enter seems based on the > penetration > >> of > >> >> the > >> >> 3/7/10 EMA (whenever the stock is in the proper C&H chart > >> formation). > >> >> > >> >> My question is what is "EMA"? Is that an Exponential > Moving > >> >> Average? > >> >> And does that mean that you use 3 periodicities of them, viz., > the > >> >> 3,7,10? > >> >> (Also, what penetration are you looking at: The daily through > the > >> 3, > >> >> the 3 > >> >> through the 7, the 7 through the 10, etc.? Which > >> >> penetration-permutation > >> >> seems significant to you?) > >> >> > >> >> > jans > >> > >> >> > >> >> - > >> > > >> > > >> > > >> > > >> > > >> >- > >> > > >> > > >> > >> - > > > > > > > > > > > >- > > > > > > - - - ------------------------------ Date: Fri, 17 Apr 1998 14:24:39 EDT From: JANSI1AUG1 Subject: [CANSLIM] Re. Discount Brokers and Thanks to Connie Connie: Thanks for your speedy reply and your thorough and succint answer concerning the 3/7/10 EMA. Tom: This URL gives you the address of a page that rates discount brokers (including those that don't ask for a minimum amount on deposit): http://www.sonic.net/donaldj/query.html jans - - ------------------------------ Date: Sat, 18 Apr 1998 01:24:50 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] HYSW At 11:08 AM 4/17/98 -0400, you wrote: >Looks like possibly a "shakeout below support" going on today. Might also >be a problem - one never knows. I got taken out. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Sat, 18 Apr 1998 01:33:23 +0000 From: Peter Christiansen Subject: [CANSLIM] MDLK Downgrade Medialink MDLK Loewenbaum & Co LT Strong Buy =BB Buy Peter Christiansen=20 Chiang Mai - Thailand=20 - - ------------------------------ Date: Fri, 17 Apr 1998 11:43:54 -0700 From: Mike Lucero Subject: [CANSLIM] beware DGO Last night, after midnight Pacific time, I noticed that the stocks I was looking at with Daily Graphs Online weren't matching the output from my Quotes Plus scan. For instance, stocks that were reported to be at a new high still looked like they were in a base. After a few of those, I realized that DGO graphs were one-week old, though they were plotted over in the current week, so you couldn't tell by looking. I had reported a one-day glitch like this about a week ago, and also reported last night's. Here is their reply. Mike >>> Mr. Lucero: Thank you for informing us of the technical glitch. We are aware of this problem and have made the necessary corrections. Please feel free to inform us of any bugs you come across by contacting us at custserv@dailygraphs.com. Thank you, Daily Graphs Online - - ------------------------------ Date: Fri, 17 Apr 1998 14:04:21 -0400 From: Jim Kelly Subject: Re: [CANSLIM] bad address - Jim Kelly This one came thru ok. - -----Original Message----- From: Tom Worley To: CANSLIM Date: Friday, April 17, 1998 12:41 PM Subject: [CANSLIM] bad address - Jim Kelly >Jim, my email response to you bounced back as a bad address. > >Tom W > > > >- > > - - ------------------------------ Date: Fri, 17 Apr 1998 14:34:30 -0500 From: Ricardo Bekin Subject: [CANSLIM] HPII I bought HPII today, up 1/2 (3.3%) on 53,600 shares vs. 34,590 average. How does it rate under CANSLIM? Rbtsn Stphns started them today with a Buy Ricardo - - ------------------------------ Date: Fri, 17 Apr 1998 15:39:01 -0500 From: Joan Sherman Subject: Re: [CANSLIM] Cendant (CD) Hi Tom, I'm still holding CD, but I purchased it in 12/95, so I don't think I qualify. But, I'd be glad to know what my status is. By the way, my broker at Merrill Lynch put me in it at the time. Whenever I wanted to sell it because it never moved, he said to wait. He knew Walter Forbes personally. I no longer deal with him, but that was my choice several months ago. Thanks, Joan Sherman, /\~~~/\ /\~~~/\ /\~/\ /\~/\ ** ** ** ** Help Support Animal Rescue - - ------------------------------ Date: Fri, 17 Apr 1998 13:39:53 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] HYSW > Date: Fri, 17 Apr 1998 11:08:23 -0400 > To: canslim@lists.xmission.com > Looks like possibly a "shakeout below support" going on today. Might also > be a problem - one never knows. It got whacked a bit earlier, looks to have bounced back. This close to an earnings release I wouldn't buy it until after earnings are out. I would think that if it is going to make a move, it would be Wednesday, but once in a while people seem to jump the gun on these earnings announcements. - - ------------------------------ Date: Fri, 17 Apr 1998 13:39:53 -0800 From: "Patrick Wahl" Subject: [CANSLIM] avei Arterial Vascular caught my eye at the earning surprises page at Yahoo. Really smoked the estimates, beat them by something like 50%. Stock opened higher, then traded lower for the rest of the day. I looked the earning report over, seems like a legitimate increase, that is, no one time gains or anything, so I don't know why it wouldn't take off on this news. Anyway, seems like things are going good for them and if they can continue this way I would think the stock is eventually going to get moving. Seems to be in a base. - - ------------------------------ Date: Fri, 17 Apr 1998 13:43:17 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] HPII > Date: Fri, 17 Apr 1998 14:34:30 -0500 > From: Ricardo Bekin > I bought HPII today, up 1/2 (3.3%) on 53,600 shares vs. 34,590 average. How > does it rate under CANSLIM? > > Rbtsn Stphns started them today with a Buy Earnings and sales increases look pretty erratic, but it doesn't look that bad. I've never noticed that these broker recommendations mean that much. The chart looks good, where you really want to buy is if it breaks out to a new high. That has a cup and handle look to me, you would want to buy a breakout to a new high. - - ------------------------------ Date: Fri, 17 Apr 1998 15:54:13 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] HPII This is a multi-part message in MIME format. - ------=_NextPart_000_0073_01BD6A19.11B45700 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Looked to me to be a great chart, for break out from handle.=20 but doesn't it have something like 90% fund ownership? that would stop = me, and not qualify for CANSLIM because the "I" (institutional = ownership). don't know a thing joe http://www.2fords.net/joe/ - ------=_NextPart_000_0073_01BD6A19.11B45700 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Looked to me to be a great chart, for break = out from=20 handle.
but doesn't it have something like 90% fund=20 ownership?  that would stop me, and not qualify for CANSLIM because = the=20 "I" (institutional ownership).
 
don't know a thing
joe
 
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_0073_01BD6A19.11B45700-- - - ------------------------------ Date: Fri, 17 Apr 1998 13:57:19 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] HYSW > From: "Robert Venchiarutti" > To: > Your right about a shakeout. I was taken out at 41.25 (6.5% loss). At > least I wasn't taken out at the low for the day so far of 39.5 (although > that has happened to me before). It's frustrating. I wish I knew what or This is one argument for keeping stops in your head, and deciding whether or not to get out based on the close. With stops you run the risk of these anomalous intraday price moves taking you out, where it is not a legitimate change in price direction. Of course, without stops you run the risk of talking yourself into keeping a stock longer than you should. Personally, all my stops are in my head, and once a stock gets down to where I figure I should sell, I dump it or if I can justify it, give it another day or two to rebound. A couple of weeks ago one of my stocks hit my stop price, but on very low volume, I gave it another day, it has recovered 4 points. Of course all these stories don't have a happy ending like this and you run the risk that if something doesn't turn up it, you take a bigger hit than you would with the stop in place. Anyway, just my stray thoughts, hopefully somewhat helpful. - - ------------------------------ Date: Fri, 17 Apr 1998 16:19:58 -0500 From: Dave Cameron Subject: Re: [CANSLIM] My watch list John Nogueira (mssm2000) wrote: > > Symbol EPS RS Chart Avg. Vol. Pivot? > ------ --- -- ----- --------- ------ > astx 99 86 Base (cup w/handle?) 110,600 $17 > > Should any breakouts occur, please do your homework before purchasing. > Also note that my readings of the pivot points may differ from yours. > Interesting... I was about to write and say I read the chart differently, because I bought at 15 - and consider that to be the pivot point, and current action not long enough to have formed a new base.... but I now realize I bought on March 22, which is nearly 4 weeks ago. So... I guess it is forming a new base, but I'd actually be leery of a $17 pivot so soon, since 4 weeks is pretty short. Dave Cameron > John F. Nogueira, Jr. > > - - - ------------------------------ Date: Fri, 17 Apr 1998 16:58:20 -0500 From: Dave Cameron Subject: Re: [CANSLIM] 1998 Predictions OK.... I saved this, and I can't resist. I don't mean to be totally snide here, but the man who started this thread 4 months ago is turning out to be pretty far off base. I didn't make predictions, because my opinion doesn't matter - only the market's action matters. I don't say this to be critical of Douglas, but to use it as an example of why we are ALL probably better off not making predictions. Eccless wrote: > > Rukeyser does it. So do Granville and Garzarelli and all the other market > gurus. Judging by their past performance, they don't seem to know more than > anyone on this list (in fact they seem to know less). So there's no reason we > can't make predictions, too. > > What are your market predictions for 1998? > > I'll be brave and go first. > > The Dow Jones Industrial Average will stay within a trading range but make a > modest new high in late May or early June, about 8400. Thereafter, it will > slowly decline into 1998. So far, this is about as good as Garzarelli's predictions.... Although you could still get your slow decline. > > The Nasdaq will steadily decline. There will be a bear market in small-cap > stocks much like 1994. Oh boy! I love declines/bear markets like this. > > Deflation, rather than inflation, will become a worry but not a panic. > Deflation hurts borrowers but benefits lenders. So banks (without exposure to > international currency markets) will probably be a strong sector. This, so far, is a good call! > > Strong stock-picking skills will be rewarded, but we will be unable to rely on > a stong bull-market trend. Oops... Guess this is why O'Neil never tries to predict where the market will go, just watches the indicators, and lets them tell him. > > Douglas Herman Regards, Dave Cameron > > - - - ------------------------------ Date: Fri, 17 Apr 1998 16:16:57 -0700 (PDT) From: Anindo Majumdar Subject: Re: [CANSLIM] avei Isn't that a bearish sign that the stock didn't move up after posting such strong earnings and revenue growth. Could be concern about increasing competition in this field. Anindo > > Arterial Vascular caught my eye at the earning surprises page at > Yahoo. Really smoked the estimates, beat them by something like 50%. > Stock opened higher, then traded lower for the rest of the day. I > looked the earning report over, seems like a legitimate increase, > that is, no one time gains or anything, so I don't know why it > wouldn't take off on this news. Anyway, seems like things are going > good for them and if they can continue this way I would think the > stock is eventually going to get moving. Seems to be in a base. > > - > > - - ------------------------------ Date: Fri, 17 Apr 1998 19:22:06 EDT From: DCSquires Subject: Re: [CANSLIM] avei In a message dated 98-04-17 16:43:00 EDT, you write: << Arterial Vascular caught my eye at the earning surprises page at Yahoo. Really smoked the estimates, beat them by something like 50%. Stock opened higher, then traded lower for the rest of the day. I looked the earning report over, seems like a legitimate increase, that is, no one time gains or anything, so I don't know why it wouldn't take off on this news. Anyway, seems like things are going good for them and if they can continue this way I would think the stock is eventually going to get moving. Seems to be in a base. >> I have been watching this one for a long time. I am waiting for a good buy signal and, as you said, it is acting sloppy. Acting OK on great news is by no means a good sign. However, this stock is a earnings machine.........I wish the chart would improve some so I could buy the darn thing! The bad action in the stock might have something to do with sell off in MDT and GDT. The GDT chart is almost an exact copy of the AVEI chart. Either these two sold off because AVEI's earning where so great or someone is selling the group.FWIW DSquires - - ------------------------------ Date: Fri, 17 Apr 1998 18:27:57 -0600 From: "John Friedrich" Subject: [CANSLIM] REMOVE Please remove my name from the list - - ------------------------------ End of canslim-digest V2 #193 ***************************** 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.