From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #205 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 23 1998 Volume 02 : Number 205 In this issue: [CANSLIM] Fw: ZOMX Re: [CANSLIM] When to buy? Re: [CANSLIM] Thoughts on PGA Re: [CANSLIM] Thoughts on PGA [CANSLIM] ANLT - Similar chart to EPIQ [CANSLIM] "M" [CANSLIM] M Re: [CANSLIM] Non-Canslim: STLTF Re: [CANSLIM] Charting Software. Re: [CANSLIM] The Visual Investor; Your Weekend Review [CANSLIM] A couple other interesting stocks... Re: [CANSLIM] M Re: [CANSLIM] M [CANSLIM] Langston's Comment on History of List Re: DELL BO volume (was "[CANSLIM] DELL breaking out now") [CANSLIM] SDII Re: [CANSLIM] M Re: [CANSLIM] M Re: [CANSLIM] M Re: [CANSLIM] Langston's Comment on History of List Re: [CANSLIM] Datek (was M) [CANSLIM] FAQ [CANSLIM] RE: Lurkers-Introductions ---------------------------------------------------------------------- Date: Wed, 22 Apr 1998 20:47:08 -0400 From: "Tom Worley" Subject: [CANSLIM] Fw: ZOMX Here's the answer I got back on them reporting last year as "pro forma". Tom W > >I don't follow the company, but I just took a look at their press release and this appears to be legitimate. > >The key issue is the type or form of "the acquisitions completed 2/98". Most acquisitions that one sees these days, and especially with small-caps, are effectively purchases, where the acquirer buys the assets of the seller, and pays for them through a combination of cash, stock, and assumption of liabilities. These are more common because they offer the acquiring entity a high degree of safety. > >However, to quote the press release, "These acquisitions were accounted for as a pooling of interests, therefore, operating results prior to the acquisition date of February 4, 1998 have been combined with the Company." Now, technically, a "pooling of interests" is not an acquisition but a merger of two companies to create a third "new" entity; the stockholders exchange their shares in the companies to be "pooled" for shares in the new, "pooled" entity. There are few protections for any of the parties, but the transaction generally does not produce capital gains for the shareholders or goodwill for the residual entity. > >Bob > - - ------------------------------ Date: Wed, 22 Apr 1998 20:51:48 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] When to buy? Would depend on the type of order, at least in part. If someone entered a limit order before the open to buy at a price that ended up being below the offer, then you entered a mkt buy after the open, you would be executed first. On the other hand, any mkt orders entered before the open would go ahead of yours. There is actual "after market" trading that does go on, however not all firms participate. As I read Datek's procedures, if I enter a day order at 4:15PM, it will be processed starting at 9:30 AM the next trading day. Tom W - -----Original Message----- From: James Adams To: canslim@lists.xmission.com Date: Wednesday, April 22, 1998 2:22 PM Subject: Re: [CANSLIM] When to buy? >Tom Worley wrote: > > >>I was the high bid at 13.5 for 400 shares before the mkt opened. >>Something I NEVER do, but did anyway. First time I can recall in at >>least a year that I did something before 9:45 AM. > >Tom, or anyone else who may know; How is after hours trading processed the >following day. For example, did my order for EPIQ this morning have to wait >in line for orders that had been placed the day before? > >TIA, >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Wed, 22 Apr 1998 21:24:51 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Thoughts on PGA At 17:20 4/22/98 -0400, Voelker, David wrote: >Ran across an interesting chart in Friday's Weekend Review that I would >like to get some feedback on. > >PGA - Personnel Group of America >EPS Rank 97, RS 84, PE 29 A couple of months back Individual Investor magazine had PGA on their "Hot List" for 98. Great group, look at Syntel and Headway! Frank Wolynski - - ------------------------------ Date: Wed, 22 Apr 1998 21:24:51 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Thoughts on PGA At 17:20 4/22/98 -0400, Voelker, David wrote: >Ran across an interesting chart in Friday's Weekend Review that I would >like to get some feedback on. > >PGA - Personnel Group of America >EPS Rank 97, RS 84, PE 29 A couple of months back Individual Investor magazine had PGA on their "Hot List" for 98. Great group, look at Syntel and Headway! Frank Wolynski - - ------------------------------ Date: Wed, 22 Apr 1998 21:49:56 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] ANLT - Similar chart to EPIQ ANLT looks to be receiving some interesting buying on the down side of its current ride. Similar chart pattern to EPIQ. MnyFlow had a nice pop on 4/14. If earnings ain't your cup of tee, and you like STRONG OBV/MF take a look at HNV, a non-canslim $3 1/2 stock. This is not an endorsement or recommendation. I am associated in no way with anything! Especially if it is correct! Frank Wolynski - - ------------------------------ Date: Wed, 22 Apr 1998 22:25:26 -0400 From: Jeffry White Subject: [CANSLIM] "M" > Jeffry, > > Your are right, the turkey's are flying like eagles in this windstorm. KTEL is > a great example. IMO, YHOO and several others search engines are not poor > quality stocks. They are building brand names in markets that have massive > potential and a premium is definitely acceptable. That said, the premium is > now ridiculous and the technicals are saying short (climax top) but you have > to be willing to get stopped out several times to catch the top and this can > test your nerves. > > As for the market, the froth you are seeing is definitely there but it seems > to me the technicals are still saying up on the Nas and neutral on the NYSE. > And the market has been responding great to generally bad news....a trend that > I want to be on the right side of. So I am long until the market shows more > distribution or a volume reversal on good news. I will be quick to liquidate > also as a frothly market get take your profits quickly. It seems your short > positions are making it hard for you to not have an opinion on the market > except for what it tells you. > > DSquires Thanks for the note, and someone else responded, as well. However, I think you've missed my concern. I not really looking for feedback on shorting the net stocks, I've got Puts out the wazoo on all the climax tops in the group. Quite comfortable with those positions, although the early efforts are under water, my adds are screaming. My concern is this KTEL, etc. mania which I've just not seen in my market experience. A company that says it's got an little more than and AOL account seems to attract trade of five fold the float and a 1000% run in a couple of days. WON's Market Direction is pretty clear, right now I think (up), with the exception of the sentiment which I'm anxious to see updated tomorrow. I must admit, however, a billion share day in the Nas did not look all that impressive with a less than 1% move. Has anyone seen the following WON prognosticator come to fruition: "When the forgotten old dogs begin to bark and raise up out of the grave and spearhead the market advance, the stock market is on its last feeble leg. Watch out. "Many times this will show up in the form of poor quality stocks dominating the most active list on "up" days in the market....." HTTMIS, p. 64. And, does it, or should it, or might it accompany the type of index distribution indicative of short, intermediate or long term moves to the downside? Or is it but one more indicator which we add to the mix as a warning sign? That's it. My question is this: is it a singular indicator of a "bear market" or must it accompany more typical signs of a market turn? Does it need to be seen in more than one group, or accross the board? Jeffry, - - ------------------------------ Date: Wed, 22 Apr 1998 22:43:16 -0400 From: Jeffry White Subject: [CANSLIM] M > It seems your short positions are making it hard for you to not have an opinion on the market > except for what it tells you. > > DSquires > I think this is fair, and I thank you for your observation. Beleive me, I'm aware of it and struggling with that issue here. And there's definitely a fair bit of opinion floating around. Darned head is tough to control. I'm still long a buttload of NBTY June Calls, however. I just haven't seen bases from leadership groups that I'm comfortable trading, and all the leaders I caught back in Jan. have since settled down. But NBTY is a LLUR I've been rolling calls on since December. Very well behaved and been good to me. I had a huge first quarter, maybe too huge as far as my "head" is concerned, and when I started seeing distribution in March, and then again in April with the sentiment out of control, I started shorting some of the leaders which were seemingly failing (under the Pitbull short system which I failed to honor to the letter). Those leaders didn't fail, but now they are so I'm not in trouble, my first quarter is in tact, starting to improve over and above that this quarter, although my head is less than clear. Livermore, and I think WON, suggests there are only a few times a year when it is safe to buy stocks. I don't think that time is now, I think the first quarter was one time so far this year. Until I see some correction, with bottoming action in the indices, or some clear change in leadership with some proper bases from which I can acheive safe entries, my head won't be clear enough to trade full boar margin power on my account. I'll be shorting the fallen angels, however, and maybe picking off a few LLUR's with the aid of slow stoch and 3/7/10 EMA assistance. But this sh*t with the junk stocks running is really a burning question, and it is keeping my head turning in a way I don't like. Thanks for you thoughts, DSquires. - - ------------------------------ Date: Wed, 22 Apr 1998 22:49:35 -0400 From: "James Adams" Subject: Re: [CANSLIM] Non-Canslim: STLTF Connie Mack wrote: > >My OBV/MF scan turned up two stocks: STLTF and RITTF. MS Investor's screening feature allows me to set OBV as a screening value. However, I'm not sure what parameters are the best to use. It allows me to set the traditional operators =, >=,<=; which can a whole other set of criteria for comparison. It also allows me to choose OBV high as possible, OBV low as possible. How can I best use this feature, i.e., what should I be looking for. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Thu, 23 Apr 1998 03:08:29 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Charting Software. Since when did a Windows version of TC2000 come out? Is it much different from the DOS version? Any new features? From the sounds of things DG Online is gonna start charging people and I for one am going to be looking around for alternatives. Dan On Tue, 21 Apr 1998 10:29:13 -0400, you wrote: :Check out TC2000, windows version is wonderful, and affordable. : :---------- :> From: budfox2 :> To: canslim-digest@lists.xmission.com :> Subject: [CANSLIM] Charting Software. :> Date: Tuesday, April 21, 1998 1:59 AM :>=20 :>=20 :>=20 :> Hello, :>=20 :> I interested in either SuperCharts 4.0 or MetaStock 6.5. Can anyone :> tell me which one is better? Thanks. :>=20 :> Vince :>=20 :>=20 :> - :>=20 : :- - - ------------------------------ Date: Wed, 22 Apr 1998 22:24:10 -0500 From: Joan Sherman Subject: Re: [CANSLIM] The Visual Investor; Your Weekend Review Larry, thanks for the efforts. Joan Sherman /\~~~/\ /\~~~/\ /\~~~/\ /\~/\ /\~/\ and the gang ** ** ** ** ** Support Animal Rescue - - ------------------------------ Date: Wed, 22 Apr 1998 23:24:15 -0500 From: Dave Cameron Subject: [CANSLIM] A couple other interesting stocks... 1. AATT broke out today (Wednesday April 22) on well over 2x ADV. They reported earnings which apparently surprised the street on the upside, but were in line with recent trends. EPS: 94, RS: 87, Acc/Dist B Only 8.2 million shares outstanding Most recent 4 qtrs growth: 1000% (Not meaningful) 150% 76% 57% So... its decelerating, but I own anyway. 2. I mentioned PLAB a couple weeks ago - I'm not sure what to make of it now. The last 2 days have been big move ups, another day like that and it I'd consider it extended, but not quite yet. I'm in this one too, but I'm not sure I like the mediocre volume. Regardless, EPS is 89, RS is 87, and the last 4 years worth of earnings have shown very consistent growth. 24 million shares outstanding. They have a somewhat unique niche in semiconductors. Dave Cameron - - ------------------------------ Date: Wed, 22 Apr 1998 23:27:19 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] M At 22:43 4/22/98 -0400, Jeffry White wrote: >Livermore, and I think WON, suggests there are only a few times a year >when it is safe to buy stocks. I don't think that time is now, I think >the first quarter was one time so far this year. Until I see some >correction, with bottoming action in the indices, or some clear change >in leadership with some proper bases from which I can acheive safe >entries, my head won't be clear enough to trade full boar margin power >on my account. I'll be shorting the fallen angels, however, and maybe >picking off a few LLUR's with the aid of slow stoch and 3/7/10 EMA >assistance. > >But this sh*t with the junk stocks running is really a burning question, >and it is keeping my head turning in a way I don't like. > >Thanks for you thoughts, DSquires. > I couldn't agree more. I think the day traders and anyone suckered into the updraft are having a blast, some getting rich, some poor. Take on the markets: It has surpassed my wildest expectations, and could continue to do so. However, there are a growing number of weak technical conditions that I'm certain you have become alarmed by. You or I can't predict a crash, just trade accordingly. I like the quiet times also, before and after. That way you aren't in line with a gazillion others and the damn brokerage server is down, or the lines are jammed full of callers. What exactly is turning your head in a way you don't like? Are the charts of the "Tornado Tossed Turkeys" tempting you? Tomorrow is another day, some stocks will go up and some down. I am gaining confidence and comfort as I trade on paper. I feel much closer to understanding my emotions than I did just a few months ago. This group has helped tremendously with that process. A few more months on paper with the successes I've had lately and I'll be ready to put green $$ in the barrel and pull the trigger! I feel no temptation to buy those shooting stars, because they are not in my radar screen to begin with, and I am not turning away from my console to look at the latest whiz bang thingie. I have a discipline that is growing better and better. Some of the discipline gained by the graciousness of this very group, other parts gained by those shooting stars turning out to be SKUD missles, headed back down as quick as they went up! I'll take a consistent process of selection based on a repeatable process over a dart throw anyday! Frank Wolynski (Often wrong, getting better!) - - ------------------------------ Date: Wed, 22 Apr 1998 23:27:19 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] M At 22:43 4/22/98 -0400, Jeffry White wrote: >Livermore, and I think WON, suggests there are only a few times a year >when it is safe to buy stocks. I don't think that time is now, I think >the first quarter was one time so far this year. Until I see some >correction, with bottoming action in the indices, or some clear change >in leadership with some proper bases from which I can acheive safe >entries, my head won't be clear enough to trade full boar margin power >on my account. I'll be shorting the fallen angels, however, and maybe >picking off a few LLUR's with the aid of slow stoch and 3/7/10 EMA >assistance. > >But this sh*t with the junk stocks running is really a burning question, >and it is keeping my head turning in a way I don't like. > >Thanks for you thoughts, DSquires. > I couldn't agree more. I think the day traders and anyone suckered into the updraft are having a blast, some getting rich, some poor. Take on the markets: It has surpassed my wildest expectations, and could continue to do so. However, there are a growing number of weak technical conditions that I'm certain you have become alarmed by. You or I can't predict a crash, just trade accordingly. I like the quiet times also, before and after. That way you aren't in line with a gazillion others and the damn brokerage server is down, or the lines are jammed full of callers. What exactly is turning your head in a way you don't like? Are the charts of the "Tornado Tossed Turkeys" tempting you? Tomorrow is another day, some stocks will go up and some down. I am gaining confidence and comfort as I trade on paper. I feel much closer to understanding my emotions than I did just a few months ago. This group has helped tremendously with that process. A few more months on paper with the successes I've had lately and I'll be ready to put green $$ in the barrel and pull the trigger! I feel no temptation to buy those shooting stars, because they are not in my radar screen to begin with, and I am not turning away from my console to look at the latest whiz bang thingie. I have a discipline that is growing better and better. Some of the discipline gained by the graciousness of this very group, other parts gained by those shooting stars turning out to be SKUD missles, headed back down as quick as they went up! I'll take a consistent process of selection based on a repeatable process over a dart throw anyday! Frank Wolynski (Often wrong, getting better!) - - ------------------------------ Date: Wed, 22 Apr 1998 23:38:23 -0500 From: Dave Cameron Subject: [CANSLIM] Langston's Comment on History of List Mike Langston (who has been on this list since day 1 - unless he took a sabbatical from it) recently commented that the list has changed quite a bit since then. Welll.... I signed on around day 3. So, I can add my two cents. 1. We have a lot more members. The upside is that more information flows freely. The downside is that it seems a lot of people are unwilling to post. 2. There are a good number of quality posters. This enables some intelligent discussion. At the start, we didn't have as much of that. However, it does seem to inhibit some basic questions - which may not always be good. 3. There are a LOT of topics which have been discussed in the past and get re-hashed. Several questions have been asked many times over as new people sign on. There is an easy way to search the archives. Ironically, I'm the one who discovered it, but can't remember how to do it - I haven't bothered in so long. Anyway, there are some great answers to some of the questions that were posted in the past. Craig Griffin seems to be good at dredging them out. 4. We've had a remarkable lack of flaming in general on this list. From time to time we get some inconsiderate types, but this is pretty rare. I've tried to control my own general sarcasm. I know some people (I'll pick on Jeffry White, as an example) get frustrated easily, but that's a result of being so passionate about the market. Far and away most people are very civil. 5. At one point, I went nuts and culminated the intros of everyone who supplied them to a general web site. I don't know if this is still maintained, but if so, you could learn something about many of us who submitted or posted one. 6. A thanks to all who provide for intelligent discussion, help in screening (Artobello, are you still there?), and general teaching and sharing. 7. Jeff Salisbury deserves a great amount of credit for starting this up. I've learned a lot. Heck, when I started, I didn't think it was worth it to buy Daily Graphs. I still don't like the Arithmetic Scale, I prefer the log scale, but I love the easy to find facts. Without Jeff, none of us would have met. I've even met a couple of you in person - and exchanged ideas. 8. Finally, I'd like to extend thanks to Tom Worley. Tom has been the one constant throughout, posting responses on any topic. Tom seems to (as you know), consider no question to basic, and seems to give everyone the benefit of the doubt until they prove otherwise. You and I may not agree with everything Tom says - and he's not always CANSLIM, but his stuff is well thought out, and he always shares. I firmly believe that without Tom, this group would have died in infancy due to lack of interest. And... I don't mean to slight several others who have been on consistently in a semi-active mode, nor those who have been on only the last few months in an active mode. Regards, Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Wed, 22 Apr 1998 22:49:51 -0600 (MDT) From: cando@highfiber.com Subject: Re: DELL BO volume (was "[CANSLIM] DELL breaking out now") Johan, Thanks for the extended reply, I'm learning. James - - ------------------------------ Date: Wed, 22 Apr 1998 23:52:52 -0500 From: Dave Cameron Subject: [CANSLIM] SDII SDII had a good move today as well -- RS 88, EPS 97 - with a low PE of 21. About 8 million share outstanding. Last 3 quarters show accelerating growth of 29%, 46%, and 72%. I'd buy, but I shot the wad on other stocks - and am over 100% invested. I respect the concerns of those who have been saying distribution for a while (and Connie's indicators indicating an end to the bull for the short term), but I'm not really seeing it in the stocks I follow... so, I'm watching closer - but not selling. Dave Cameron Who's posted enough tonight. It's 11:53 PM CDT, and time for me to pack it in. - - ------------------------------ Date: Thu, 23 Apr 1998 10:55:19 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] M Jeffry wrote: >But this sh*t with the junk stocks running is really a burning question, >and it is keeping my head turning in a way I don't like. I thought you would be interested to hear David Ryan's take on "M": From CBS MarketWatch Wed Apr 22 23:03:22 1998 "When investors start to go to the lower-quality companies that have not had any track record of growth, you know that that area is at the latter stages of its move," said David Ryan, senior vice president at William O'Neil + Co. Ryan is not ready to draw parallels to the speculative fervor that enveloped the market in the spring of 1996. "At least some of the stocks back then had earnings and had proven themselves," he said. "But when a company like K-Tel goes up like it did without a strong earnings record, then it's gotten out of hand." My take on 'M': Last few weeks we went from bullish, to hyper bullish and now have (had?) the internet craze (KTEL, SEVL, DBCC, SEEK, etc). Very heavy volume during the last few days. E.g. more than 1B shares traded on the NASDAQ yesterday. Blow off activity? Dow up more than 25% since this years low in January. I saw a lot of weakly performing stocks yesterday on the "NASDAQ RS TOP 100 list (per DG Online)" I would not be surprised to see us settling down here fro a while. I wouldn't mind since I'm going on holiday the first 2 weeks of May. :-) A correction? Bear market ahead? Who knows? I certainly can't predict that. We will have to wait and see. Craig posted a very nice article from a WON seminar about how to read 'M' a few months ago. That being said, as of yesterday I'm 100% cash. Reasons? 1) My holdings IONAY and HDWY weren't looking that hot anymore and touched my selling point. Sold DELL as it reached my short term trading target of 77. 2) I'll be going on vacation end of next week and do not like to hold when I can't watch or do anything with my positions. 3) I thought: If I HAVE to pick a point BEFORE the market is shouting SELL, this would be about it. Heavy vol on NASDAQ, turkeys flying, hyper bullishness. I'll get out when the going is good. BUT! I've done this before, and I was WRONG. So this is only OPINION from someone looking to get out, because he is going on vacation. BTW, would you please explain some of the most important points in your shorting strategy? Would you recommend buying the Pitbull system? - --- Johan Van Houtven - - ------------------------------ Date: Thu, 23 Apr 1998 07:54:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] M Johan, While I share some of your concerns and feelings, esp on KTEL, I don't agree that this mkt is only showing turkeys flying. I was looking at the big moves on NYSE yesterday, for example, and there were a lot of solid blue chips making impressive moves. As for the big moves on anything Internet related, bear in mind that this group move was sparked by slumping sales of PCs leading to sharp price reductions, leading to an unexpected surge in the number of new people joining the internet. The internet group, like the telecom group, is valued not on earnings but on mkt share and revenue growth. This new surge expanded expectations on an already rapidly growing industry. I mentioned some weeks ago that this earnings cycle would likely set the pattern for some time, I still hold to that. I also mentioned that I thought analysts had cut estimates too much, and we would be seeing a lot of positive surprises from the revised estimates. That has proven to be the case and has underpinned a lot of the move. Nonetheless, the mkt (as measured not only, for a change, on the Dow 30 but on every major index) has already exceeded virtually every analyst's estimate for the entire year. The trailing PE on the S&P500 remains at record highs. The employment mkt remains very strong, however inflation has yet to creep in. Still, the next move of the Feds (which IMHO will not happen at the May meeting) is most likely to raise rates. I see zero chance of any rate cut. There's lots of other factors also, one significant one is the amount of money and participants in 401 plans. This creates a steady and unchecked (since many/most can't make changes at will) flow of fresh money into the mkt. It has to go somewhere. Also, all the capital gains and employment has created a "windfall" income for the Fed Govt, to such a point that the budget is being balanced several years early, and the talk now is what to do with the surplus (I vote for paying down the obscene nat'l debt first). Meantime, the Asian crises has served to stifle inflation further without measurably slowing economic activity. It has cut into corp profits, but that is being seen as short term. And, of course, let's not forget productivity gains, which have also helped offset other costs, thus maintaining profits without price hikes (and causing inflation). I too think the mkt is likely to flatten out, or even correct some, as we move thru the remainder of the earnings reporting cycle. We will be vulnerable then to some negative event (more saber rattling in Iraq, and the collapse of the Russian govt being two on the horizon) knocking the mkt down in the absence of strong buying. To continue long term, this mkt needs some consolidation. Tom W - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Thursday, April 23, 1998 5:02 AM Subject: Re: [CANSLIM] M >Jeffry wrote: > >>But this sh*t with the junk stocks running is really a burning question, >>and it is keeping my head turning in a way I don't like. > >I thought you would be interested to hear David Ryan's take on "M": > >"When investors start to go to the lower-quality >companies that have not had any track record of >growth, you know that that area is at the latter stages of >Last few weeks we went from bullish, to hyper bullish and now have (had?) >the internet craze (KTEL, SEVL, DBCC, SEEK, etc). > >this would be about it. Heavy vol on NASDAQ, turkeys flying, hyper >bullishness. I'll get out when the going is good. BUT! I've done this >before, and I was WRONG. So this is only OPINION from someone looking to >get out, because he is going on vacation. > - - ------------------------------ Date: Thu, 23 Apr 1998 14:22:32 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] M Tom wrote: >While I share some of your concerns and feelings, esp on KTEL, I don't >agree that this mkt is only showing turkeys flying. Did I say that it was ONLY showing turkeys flying? Don't think so. If that is how you understood my post, I apologize for not explaining it more clearly. Lotsa quality stocks moving: e.g. DELL, MSFT, INTC, ... >I too think the mkt is likely to flatten out, or even correct some, as >we move thru the remainder of the earnings reporting cycle. That's the conclusion of what I wanted to say in my message about 'M'. We agree. BTW: Are you trading through Datek now? Be careful: I heared that during last significant market correction there system went out. On the other hand, theirs was not the only internet trading system that went down that day... Just a word of warning, since the have virtually now telephone support availble as a backup. Just something to be prepared for. As they say: A warned man... - --- Johan Van Houtven - - ------------------------------ Date: Thu, 23 Apr 1998 08:29:34 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Langston's Comment on History of List Aw, shucks, Dave. Thanks for the kind words. I would like to add a couple additional items. With all the new members, both novice and expert, we do find ourselves repeating information, in some cases only weeks later. We have more than matured to the point that we need a FAQ, but I don't think Jeff has the time to do this. So we need a volunteer(s) to set up and maintain one, just as Dave did on the intros (I will try to dig out and post instructions on where the intros are found, and how those who have not posted one can do so). I consider intros, when posted, to be valuable in understanding the group, as well as where one person's question may be coming from. I print and save all intros, I value them that highly. We have far more lurkers than posters, so let's hear from you, if not with picks or relevant questions, then at least post an intro. Lately I have noticed us seeming to diverge from being a mostly pure CANSLIM group into more of technical traders. I appreciate all the time Connie has given to this group in teaching us about trading and use of indicators like OBV and MF and MACD, but when I see members starting to screen for these indicators first, and only then looking at CANSLIM criteria, I feel we may be diverging from our purpose here. CANSLIM by definition is not a trading tool, it is an investment tool. Using indicators to improve that daily decision making has certainly helped me, but is only a tool to improve my CS decision making. I suggested before establishing a glossary of terms and acronyms, both CS (and now tech indicators) as well as more generic internet stuff like IMHO. If one or more group members will volunteer to establish and maintain a FAQ, possibly this could be incorporated there. There is a wealth of info that can be found in the archives (located at www.xmission.com/~mcjathan/cgi/lwgate.cgi/CANSLIM/archives ). Likewise, the search engine is www.xmission.com/~mcjathan/canslim/search/html . I have also noted, and somewhat rudely commented on, a tendency to ask for opinions and/or buy/sell decisions without the poster taking or stating his/her own position. Rather than posting "what do you think of XYZ?" it's better form to say "I like XYZ because RS ...., EPS ..., chart looks like ..., my entry/pivot/buy point is $..., what do you think?" We are each individually responsible for our own research and decision making. No one else should be asked to do either for us. Let's hear more from the lurkers, you would be surprised at all the contributions even the novice investors have made to this group over the past several years. I think it's one of the reasons this has to be one of the best, if not the best, online discussion groups on the net. It's certainly the most mature, informed, intelligent and friendliest I have ever had the pleasure to encounter. Tom W - -----Original Message----- From: Dave Cameron To: canslim@lists.xmission.com Date: Thursday, April 23, 1998 12:38 AM Subject: [CANSLIM] Langston's Comment on History of List >Mike Langston (who has been on this list since day 1 - unless he >took a sabbatical from it) recently commented that the list has >changed quite a bit since then. Welll.... I signed on around >day 3. So, I can add my two cents. > >1. We have a lot more members. The upside is that more > information flows freely. The downside is that it seems > a lot of people are unwilling to post. > >2. There are a good number of quality posters. This enables > some intelligent discussion. At the start, we didn't have > as much of that. However, it does seem to inhibit some > basic questions - which may not always be good. > >3. There are a LOT of topics which have been discussed in the > past and get re-hashed. Several questions have been asked > many times over as new people sign on. There is an easy > way to search the archives > >4. We've had a remarkable lack of flaming in general on this > >5. At one point, I went nuts and culminated the intros of > everyone who supplied them to a general web site. I > don't know if this is still maintained, but if so, you > could learn something about many of us who submitted or > posted one. > >6. A thanks to all who provide for intelligent discussion, > help in screening (Artobello, are you still there?), > and general teaching and sharing. > >7. Jeff Salisbury deserves a great amount of credit for > starting this up > >8. Finally, I'd like to extend thanks to Tom Worley. Tom > has been the one constant throughout, posting responses > on any topic > >Regards, > >Dave Cameron >dfcameron@ameritech.net > >- > - - ------------------------------ Date: Thu, 23 Apr 1998 08:44:48 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Datek (was M) I too heard a lot about Datek's troubles last fall during the heavy volume, however I understand they have added lots of new equipment since. I was surprised at the high ratings they have been getting compared to other online firms. I also had a personal recommendation from a former CEO of mine who had recently been given the grand tour, and he is using them for some business he is setting up as a result. Haven't tried them yet, expect to have the paperwork today to start. Tom W - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Thursday, April 23, 1998 8:23 AM Subject: Re: [CANSLIM] M >Tom wrote: > > >BTW: Are you trading through Datek now? Be careful: I heared that during >last significant market correction there system went out. On the other >hand, theirs was not the only internet trading system that went down that >day... Just a word of warning, since the have virtually now telephone >support availble as a backup. Just something to be prepared for. As they >say: A warned man... > >--- Johan Van Houtven > - - ------------------------------ Date: Thu, 23 Apr 1998 08:08:20 -0500 From: "Joe Scott" Subject: [CANSLIM] FAQ This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01BD6E8E.FAB1A740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I could post a page on my web site, of FAQ's.=20 I don't know that that I would be much help at creating one, but I could = certainly put it in html and post it on my site, if that would help. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_002E_01BD6E8E.FAB1A740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I could post a page on my web site, of FAQ's. =
I don't know that that I would be much help at creating one, but I = could=20 certainly put it in html and post it on my site, if that would = help.
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV>
 
- ------=_NextPart_000_002E_01BD6E8E.FAB1A740-- - - ------------------------------ Date: Thu, 23 Apr 1998 09:07:18 -0400 From: "Nelson E. Timken, Esq." Subject: [CANSLIM] RE: Lurkers-Introductions This is a multi-part message in MIME format. - ------=_NextPart_000_0001_01BD6E97.37418600 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit In keeping with what Tom said about participation by lurkers, I realize that I have been remiss both in introducing myself and in participating, although I really enjoy reading the messages posted to CANSLIM. I have recommended this forum to some friends as a source for intelligent and insightful conversation and analyses. I am an attorney and individual investor. I began investing a few years ago, as a result of inheriting some stocks from my mother, and being forced to learn what to do with them. Since then, I have made a variety of investments, using a variety of strategies. About a year ago, I joined the NAIC and was a former participant to their online forum. I left that forum with some strong reservations, not about their methodology, but about the individuals I met that represented the organization. I have been actively investing in stocks and options, mostly buying and selling puts and calls. I am also active in venture capital, IPOs and private placements (Reg. D's). In fact, I am a partner in a newly formed venture capital firm which establishes private placements for companies seeking to raise capital with institutional investors seeking to make investments. I do a lot of work researching and contacting promising companies on the internet. My company will be sponsoring its own web site shortly, but for now, everyone is welcome to visit my personal website at http://www.geocities.com/wallstreet/5791 if you like. It is still under construction. That's about all I can think of by way of introduction. If anyone would like to contact me about any specifics, I'd appreciate hearing from you. - ----------------------------- Nelson E. Timken, Esq. J.N. Capital, Inc. Douglaston, New York - - - ------=_NextPart_000_0001_01BD6E97.37418600 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.;;Esq. FN:Nelson E. Timken Esq. ORG:J.N. Capital, Inc.;Development TITLE:Secretary TEL;WORK;VOICE:718-423-6800 TEL;HOME;VOICE:(718) 468-6293 TEL;WORK;FAX:(718) 224-4782 ADR;WORK:;Secretary;40-26 235th Street;Douglaston;NY;11363;United States = of America LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:Secretary=3D0D=3D0A40-26 235th = Street=3D0D=3D0ADouglaston, NY 11363=3D0D=3D0AUnited Stat=3D es of America ADR;HOME:;;80-41 230th Street;Bellerose Manor;NY;11427;United States of = America LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor, NY 11427=3D0D=3D0AUnited States of = Amer=3D ica URL: URL:http://www.geocities.com/wallstreet/5791 ROLE:Attorney/Venture Capitalist BDAY:19980704 EMAIL;PREF;INTERNET:netimken@erols.com REV:19980422T120302Z END:VCARD - ------=_NextPart_000_0001_01BD6E97.37418600-- - - ------------------------------ End of canslim-digest V2 #205 ***************************** 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.