From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #207 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 24 1998 Volume 02 : Number 207 In this issue: [CANSLIM] Re: AATT and OBV/MF Re: [CANSLIM] Charting Software. [CANSLIM] More star-crossings: MDC & OBV/MF Re: [CANSLIM] Charting Software. Re: [CANSLIM] Re: AATT and OBV/MF Re: [CANSLIM] Datek (was M) [CANSLIM] Big Cap Slant [CANSLIM] CNBC has it nailed?? Re: [CANSLIM] More star-crossings: MDC & OBV/MF Re- [CANSLIM] "M" Re: [CANSLIM] Charting Software. Re: [CANSLIM] Charting Software. TC2000 [CANSLIM] re: Thoughts on PGA Re: [CANSLIM] Datek (was M) Re: [CANSLIM] MDC breaking out [CANSLIM] To Connie Mack on the List Re: [CANSLIM] SDII Re: [CANSLIM] Charting Software. TC2000 [CANSLIM] Re: Is CANSLIM quantifiable? Re: [CANSLIM] Re: Is CANSLIM quantifiable? Re: [CANSLIM] Charting Software. [CANSLIM] M [CANSLIM] Not CANSLIM: SEG (was: re 'M') [CANSLIM] Breakout FAF [CANSLIM] Global Market [CANSLIM] Sentiment Re: [CANSLIM] re: Thoughts on PGA [CANSLIM] Review of an old star- KEG ---------------------------------------------------------------------- Date: Thu, 23 Apr 1998 11:23:03 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Re: AATT and OBV/MF I'm afraid I fail to see this positive divergence that everyone is so excited about. The OBV has simply been tracking the stock, the MFI shows a negative divergence over the past few weeks as compared to the LTL, and the Chaikin Oscillator shows a negative divergence as well. If anything, these indicate a failure of the breakout, not a continuation of strength. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 23 Apr 1998 12:33:18 -0600 From: Kirby Benson Subject: Re: [CANSLIM] Charting Software. Connie, Does this apply to the new TC2000 for windows also?  I must have missed something when I looked over their web site. Kirby Connie Mack Rea wrote: > Kirby-- > > Worden's TC2000 doesn't have to be that expensive. > > You get a 100 or so stocks when you join [I think].   But you don't have > to take their whole data list.  I took out those I didn't want and put > in, little by little, those I did.  I have about 250 now. > > Costs a dollar to download each evening.  Think the dollar is standard, > no matter how many stocks in your data base that you download. > > Too, you get hit hard if you choose to download five years of data. I > use only a year's worth.  Costs .39 one time for new stock. > > Weekly cost: $5.00. > > Connie Mack > > Kirby Benson wrote: > > > Dan, > > > > I took a look at the web site for TC2000 a couple of days ago - it > > looks > > like a very good program - at least from their description of all the > > things it will do, fundamentals, technicals, intraday updates, etc. > > However, the fee is about $2.50 a day = about 75.00 a month.  Too > > steep for > > me!  I am waiting for Quotes Plus 2.0 to be released (they said > > sometime > > about the end of this month) and don't know what they will be > > charging. > > > > Kirby Benson > > > > Dan Musicant wrote: > > > > > Since when did a Windows version of TC2000 come out? Is it much   - - ------------------------------ Date: Thu, 23 Apr 1998 14:52:50 -0400 From: Connie Mack Rea Subject: [CANSLIM] More star-crossings: MDC & OBV/MF Members-- Kom posted this morning that MDC [presumably Canslim candidate] is breaking out this morning. Like, AATT, MDC is an OBV/MF stock. In fact, I was nearly stopped out a couple of days ago. Saying that I am in the stock already sounds a bit self-serving now that it has become a Canslim candidate. I am not situated well in MDC. It looks better today, and I will hold for another turn at bat. I post only, perhaps, one of five of my OBV/MF stocks for a reason mentioned in today's posts: that members may be leaning too much to the technical side of investing [the OBV/MF side] and that they seem to be screening for OBV/MF first and then for Canslim. I have not forgotten that I am more of a guest than a member and am still, for some members, more civilly tolerated than welcomed. But for my first couple of posts many months ago, members have treated me well--and even given me a few grams of respect. For both I am grateful and do not wish to impose. And I have not forgotten that Tom defended me when two members had been opposed to a trader posting on Canslim. Jeff, too, has welcomed me and made me feel more at home. There are about a dozen members with whom I have more than an occasional correspondence about OBV/MF/EMA. It is they with whom I talk about stocks that I am trading and stocks that they have screened, both for trading and investing. We usually talk privately because I am aware that Canslim is primarily an investors' place. I have never intended to wean any member away from Canslim--not even those with whom I speak privately. But I believe that even those who might resist OBV/MF will acknowledge that what I have said about OBV/MF trading is useful for investing in general. I don't know of a single trader who began as a trader; a trader was first an investor. From what I have seen in posts, not more than a half dozen do day trading or are swing traders. Tom is as Canslim as Canslim can be but does a bit of trading. I have not "corrupted" him nor intended to "corrupt" any others. DB has pointed out that each of us has to perform by our own strategy and not that of another. Read all you can and "steal" all the ideas that are better than what you have. Then canonize your strategy, leaving room for incremental change. MDC has a nice positive divergence on the 3-mos chart. On a 15-minute chart the EMA has bunched up for almost two hours. I'm watching the 15-min chart because, as I said, I'm only up a half point after holding the stock for a week or so. If I don't get the move I want by the end of trading today, I'll close the lot out. Usually, if a stock doesn't do what I expect it to do in 7-10 days, I have to find a good reason to continue holding. The Volume+ chart doesn't look promising at 2:15. The OBV and MF are tracking, however. The SlowSto is turning down. MACD is weakening. Here is an instance where a trader and an investor are confronted with a similar problem approached from different time frames. For me, the question is how will the bunching up of the EMA for the last two hours be resolved. Because I am not well situated on my entry, I need to decide if I should get out. For the investor, he is concerned about the quality of the breakout--and if he should get in. If the bunching of the EMA is resolved to the upside, I'll stay until I get a first level sell signal. An upside resolution of the EMA will please the investor and perhaps assure him that the breakout is legitimate and a time to buy. For me and for the investor, we each are concerned about the quality of the breakout. The investor sees the breakout from some earlier point, probably months back. He sees the breakout as the evolution of several months of basing and a chance to profit from the evolution for several more months. For me, I will see the breakout as reason to take another few points--to stay until I get my next EMA sell. If I were the investor, I'd speculate that the breakout will be okay--and I'd presume so because of my faith in the efficacy of the positive OBV/MF. But always in the back of my mind is a wariness about how long the market can rise without a correction. If the market continues to rock and roll, MDC will be all right. You are welcome to "steal" what I know without being corrupted by a trader. Connie Mack - - ------------------------------ Date: Thu, 23 Apr 1998 15:02:10 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Charting Software. Kirby-- You made me know about the Windows' version. Mine is DOS. Will check with Worden. Why haven't they told me of the update? Let's keep each other updated. Thanks for the Mail. Connie Mack Kirby Benson wrote: > Connie, > > Does this apply to the new TC2000 for windows also? I must have > missed > something when I looked over their web site. > > Kirby > > Connie Mack Rea wrote: > > > Kirby-- > > > > Worden's TC2000 doesn't have to be that expensive. > > > > You get a 100 or so stocks when you join [I think]. But you don't > have > > to take their whole data list. I took out those I didn't want and > put > > in, little by little, those I did. I have about 250 now. > > > > Costs a dollar to download each evening. Think the dollar is > standard, > > no matter how many stocks in your data base that you download. > > > > Too, you get hit hard if you choose to download five years of data. > I > > use only a year's worth. Costs .39 one time for new stock. > > > > Weekly cost: $5.00. > > > > Connie Mack > > > > Kirby Benson wrote: > > > > > Dan, > > > > > > I took a look at the web site for TC2000 a couple of days ago - it > > > > looks > > > like a very good program - at least from their description of all > the > > > things it will do, fundamentals, technicals, intraday updates, > etc. > > > However, the fee is about $2.50 a day = about 75.00 a month. Too > > > steep for > > > me! I am waiting for Quotes Plus 2.0 to be released (they said > > > sometime > > > about the end of this month) and don't know what they will be > > > charging. > > > > > > Kirby Benson > > > > > > Dan Musicant wrote: > > > > > > > Since when did a Windows version of TC2000 come out? Is it much > > > > - - - ------------------------------ Date: Thu, 23 Apr 1998 15:47:15 +0000 From: "Mike Asher" Subject: Re: [CANSLIM] Re: AATT and OBV/MF Db, Not sure which software your using but here's what I see. The dips in Feb. and Mar. were not tracked by OBV/MF. The OBV slope is steadily rising since Jan.. The MF stays reasonably strong through the same dips. Looks like strong volume confirming breakout. Having said that I would not buy this stock for long term because of market environment. Breadth is showing it's time for correction. Other than that, I like the looks of this chart. mike - - ------------------------------ Date: Thu, 23 Apr 1998 15:43:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Datek (was M) Because you did not have a round lot, only 600 of your shares would/should have been represented as the best offer, since you were selling. Until those 600 were taken out, the best offer should not have been able to go higher. Presumably this is what happened when you got all but 32 shares sold before seeing it trade up to 7. I am surprised that the remainder weren't done at that point. I would complain and see what Datek says as explanation. Tom W - -----Original Message----- From: SACADS To: canslim@lists.xmission.com Date: Thursday, April 23, 1998 11:32 AM Subject: Re: [CANSLIM] Datek (was M) >I still have occassional problems logging on to DATEK. As an example I tried >several times yesterday to no avail. Today I was timed out twice before >getting through. My larger concern with the company has to do with limit >orders they have failed to excecute. I had placed a good till cancelled order >to sell 699 shares at 6 3/4 two weeks ago. Recently, maybe Monday, I sold >667 @ 6 3/4. I closely watched the stock as it went to 6 13/16 and then >topped at 7 before it slid back down. Amazing to me I held and still hold 32 >shares. This is the second time this type of thing has occured. Anyone have >any answers? > >Greg George > >- > - - ------------------------------ Date: Thu, 23 Apr 1998 16:02:52 EDT From: DCSquires Subject: [CANSLIM] Big Cap Slant Hi all, Anybody know where/how I can find out what % of the Nasdaq is made up by some of the bigger stocks, namely, MSFT and INTC? DSquires - - ------------------------------ Date: Thu, 23 Apr 1998 16:07:09 EDT From: DCSquires Subject: [CANSLIM] CNBC has it nailed?? Hi all, I watched CNBC most of the day today. I found it interesting that all they talked about was the market froth. Also, every money manager that came on today had the market nailed on the froth factor. If we all know the market is topping I seriously doubt it is. Just an observation. DSquires - - ------------------------------ Date: Thu, 23 Apr 1998 13:10:14 -0700 From: Tim Fisher Subject: Re: [CANSLIM] More star-crossings: MDC & OBV/MF I have been watching MDC ever since Tom brought it up and I am not at all impressed with its behavior. The time to get in was December. The time to= get out was the beginning of March. 'Nuff said. At 11:52 AM 4/23/98 , you wrote: >Members-- > >Kom posted this morning that MDC [presumably Canslim candidate] is >breaking out this morning. > >Like, AATT, MDC=A0 is an OBV/MF stock.=A0 In fact, I was nearly stopped out >a couple of days ago.=A0 Saying that I am in the stock already sounds a >bit self-serving now that it has become a Canslim candidate.=A0 I am not >situated well in MDC.=A0 It looks better today, and I will hold for >another turn at bat. > >I post only, perhaps, one of five of my OBV/MF stocks for a reason >mentioned=A0 in today's posts: that members may be leaning too much to the >technical side of investing [the OBV/MF side] and that they seem to be >screening for OBV/MF first and then for Canslim. > >I have not forgotten that I am more of a guest than a member and am >still, for some members, more civilly tolerated than welcomed.=A0 But for >my first couple of posts many months ago, members have treated me >well--and even given me a few grams of respect.=A0 For both I am grateful >and do not wish to impose.=A0 And I have not forgotten that Tom defended >me when two members had been opposed to a trader posting on Canslim. >Jeff, too, has welcomed me and made me feel more at home. > >There are about a dozen members with whom I have more than an occasional >correspondence about OBV/MF/EMA.=A0 It is they with whom I talk about >stocks that I am trading and stocks that they have screened, both for >trading and investing.=A0 We usually talk privately because I am aware >that Canslim is primarily an investors' place. > >I have never intended to wean any member away from Canslim--not even >those with whom I speak privately.=A0 But I believe that even those who >might resist OBV/MF will acknowledge that what I have said about OBV/MF >trading is useful for investing in general.=A0 I don't know of a single >trader who began as a trader; a trader was first an investor. > >>From what I have seen in posts, not more than a half dozen do day >trading or are swing traders.=A0 Tom is as Canslim as Canslim can be=A0 but >does a bit of trading.=A0 I have not "corrupted" him nor intended to >"corrupt" any others.=A0 DB has pointed out that each of us has to perform >by our own strategy and not that of another. > >Read all you can and "steal" all the ideas that are better than what you >have.=A0 Then canonize your strategy, leaving room for incremental change. > >MDC has a nice positive divergence on the 3-mos chart. > >On a 15-minute chart the EMA has bunched up for almost two hours.=A0 I'm >watching the 15-min chart because, as I said, I'm only up a half point >after holding the stock for a week or so.=A0 If I don't get the move I >want by the end of trading today, I'll close the lot out.=A0 Usually, if a >stock doesn't do what I expect it to do in 7-10 days, I have to find a >good reason to continue holding. > >The Volume+ chart doesn't look promising at 2:15.=A0 The OBV and MF are >tracking, however.=A0 The SlowSto is turning down.=A0 MACD is weakening. > >Here is an instance where a trader and an investor are confronted with a >similar problem approached from different time frames.=A0 For me, the >question is how will the bunching up of the EMA for the last two hours >be resolved.=A0 Because I am not well situated on my entry, I need to >decide if I should get out.=A0 For the investor, he is concerned about the >quality of the breakout--and if he should get in. > >If the bunching of the EMA is resolved to the upside, I'll stay until I >get a first level sell signal.=A0 An upside resolution of the EMA will >please the investor and perhaps assure him that the breakout is >legitimate and a time to buy. > >For me and for the investor, we each are concerned about the quality of >the breakout.=A0 The investor sees the breakout from some earlier point, >probably months back.=A0 He sees the breakout as the evolution of several >months of basing and a chance to profit from the evolution for several >more months. > >For me, I will see the breakout as reason to take another few points--to >stay until=A0 I get my next EMA sell.=A0 If I were the investor, I'd >speculate that the breakout will be okay--and I'd presume so because of >my faith in the efficacy of the positive OBV/MF.=A0 But always in the back >of my mind is a wariness about how long the market can rise without a >correction.=A0 If the market continues to rock and roll, MDC will be all >right. > >You are welcome to "steal" what I know without being corrupted by a >trader. > >Connie Mack > > > > >- >=20 Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 23 Apr 1998 16:47:23 -0400 From: Tapas Banerjee Subject: Re- [CANSLIM] "M" Today NASDAQ down about 36 points. Are we close to a huge correcti= on? What does TA says? What you do for non-canslim but strong stocks like INTC,DELL,(.= . sell/hold/buy more at lower price) when the market is heading sout= h? Thanks, -Tapas = - - ------------------------------ Date: Thu, 23 Apr 1998 14:04:25 -0700 From: "Joe Barger" Subject: Re: [CANSLIM] Charting Software. Hi All, This is a copy of a message that I got a couple of days ago after I downloaded some Worden data: In May, we will be releasing the brand new TC2000 version 4.0 for Windows 95/nt. As a valued customer, we wanted you to be the first to know. This no compromise, 32-bit release offers a CD-ROM with over 9,000 charts since 1984, unlimited flat-fee downloading for $2.49 per day, internet access, fundamentals, and lightning fast chart scanning and sorting. PLUS, the version 4.0 database is updated every minute during the market day so you can analyze and scan 20 minute delayed TC2000 charts! In addition to timely data, you receive notes during and after the trading day from Peter and Don Worden featuring attached charts with Balance of Power and MoneyStream analysis. You will actually be able to look at the exact charts they are viewing and copy their indicator modules into your system! The above summary just scratches the surface of the many new benefits. More product information will be released in May. However, if you would like to get a jump on the rush, we have reserved a copy of TC2000 version 4.0 for you today. To order it now, call 1-800-776-4940. The upgrade cost is $35 and includes a $25 free usage credit. The new version will not overwrite version 3.x. This means you can keep running your old version while testing the new version (which is, of course, 100% guaranteed for 30 days). Thank you for your business. We look forward to an exciting 1998! For what it's worth......I'm waiting to see what Quotes Plus 2 costs before I make any changes.... No connection to either, do your own research, don't take any wooden nickels, etc. joe - - ------------------------------ Date: Thu, 23 Apr 1998 18:41:34 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Charting Software. TC2000 I got the window update from Worden, had to call and ask for it. I have been surprised by the increase in abilities and ease of use. Tony - ---------- > From: Connie Mack Rea > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Charting Software. > Date: Thursday, April 23, 1998 3:02 PM > > Kirby-- > > You made me know about the Windows' version. Mine is DOS. > > Will check with Worden. Why haven't they told me of the update? > > Let's keep each other updated. > > Thanks for the Mail. > > Connie Mack > > > Kirby Benson wrote: > > > Connie, > > > > Does this apply to the new TC2000 for windows also? I must have > > missed > > something when I looked over their web site. > > > > Kirby > > > > Connie Mack Rea wrote: > > > > > Kirby-- > > > > > > Worden's TC2000 doesn't have to be that expensive. > > > > > > You get a 100 or so stocks when you join [I think]. But you don't > > have > > > to take their whole data list. I took out those I didn't want and > > put > > > in, little by little, those I did. I have about 250 now. > > > > > > Costs a dollar to download each evening. Think the dollar is > > standard, > > > no matter how many stocks in your data base that you download. > > > > > > Too, you get hit hard if you choose to download five years of data. > > I > > > use only a year's worth. Costs .39 one time for new stock. > > > > > > Weekly cost: $5.00. > > > > > > Connie Mack > > > > > > Kirby Benson wrote: > > > > > > > Dan, > > > > > > > > I took a look at the web site for TC2000 a couple of days ago - it > > > > > > looks > > > > like a very good program - at least from their description of all > > the > > > > things it will do, fundamentals, technicals, intraday updates, > > etc. > > > > However, the fee is about $2.50 a day = about 75.00 a month. Too > > > > steep for > > > > me! I am waiting for Quotes Plus 2.0 to be released (they said > > > > sometime > > > > about the end of this month) and don't know what they will be > > > > charging. > > > > > > > > Kirby Benson > > > > > > > > Dan Musicant wrote: > > > > > > > > > Since when did a Windows version of TC2000 come out? Is it much > > > > > > > > - > > > > > - > - - ------------------------------ Date: Thu, 23 Apr 1998 14:21:58 -0400 From: "Voelker, David" Subject: [CANSLIM] re: Thoughts on PGA A timely event in the 4/22 IBD Investors Corner section refers to the overall lousy return of issues that add to the float after the IPO. For those who didn't read it, the article points out that companies issuing seasoned equity averaged a 72% return in the year prior to the issuance and a 7% annual return after the issuance. 4/10/98 PGA announced that it registered 7,000,000 shares with the SEC for public sale. I am assuming that this is exactly the type of issue that IBD was referring to, can anyone confirm/refute this? Assuming this to be the case I will probably be less likely to take a position than I otherwise would. One more question about PGA, I was hoping to keep some feedback on the PGA chart itself, PGA appears to be flattening now after a split announcement following a 33% advance in price during Q1. Given the rest of the financial picture of PGA at this point in time, does the advance point to an currently extended price, or more of a correction to an undervaluation? Thanks - Dave Voelker - - ------------------------------ Date: Fri, 24 Apr 1998 02:04:39 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Datek (was M) On Thu, 23 Apr 1998 11:32:46 EDT, you wrote: :I still have occassional problems logging on to DATEK. As an example I = tried :several times yesterday to no avail. Today I was timed out twice before :getting through. My larger concern with the company has to do with = limit :orders they have failed to excecute. I had placed a good till cancelled= order :to sell 699 shares at 6 3/4 two weeks ago. Recently, maybe Monday, I = sold :667 @ 6 3/4. I closely watched the stock as it went to 6 13/16 and then :topped at 7 before it slid back down. Amazing to me I held and still = hold 32 :shares. This is the second time this type of thing has occured. Anyone= have :any answers? =20 : :Greg George Greg, If you get login problems, go to any of these URLs (if any fails, try another): https://orders9.datek.com =20 https://orders10.datek.com =20 https://orders11.datek.com =20 https://orders12.datek.com =20 https://orders13.datek.com =20 https://orders14.datek.com =20 https://orders15.datek.com=20 If you think you didn't get the execution you were entitled to, by all means call them: 1-888-463-2835 =20 I've called brokerages a number of times with similar complaints and it generally turns out that I misunderstood the circumstances. You may be right, however. You owe it to yourself to find out. Good luck. Dan - - ------------------------------ Date: Fri, 24 Apr 1998 02:42:14 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MDC breaking out On Thu, 23 Apr 1998 07:16:18 -0400, you wrote: Yes, I noticed this one (heard about it on....TV!). Positive news. Do check out the chart for the last few weeks. Really interesting.=20 Dan - - ------------------------------ Date: Fri, 24 Apr 1998 03:17:32 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] To Connie Mack on the List << I have not forgotten that I am more of a guest than a member and am still, for some members, more civilly tolerated than welcomed. But for my first couple of posts many months ago, members have treated me well--and even given me a few grams of respect. For both I am grateful and do not wish to impose. And I have not forgotten that Tom defended me when two members had been opposed to a trader posting on Canslim. Jeff, too, has welcomed me and made me feel more at home. >> Connie, I remember your very first post to this list. I believe it was the one that mused metaphorically that stock trading seemed rather more like the ponderous plopping of a dog than the adroit and graceful leaps of a cat. It's funny, but at the time I read it very curiously as I'm sure many did who watch this list, and I could just *feel* the reactions of the other members. I noted a few wry responses as some had their fur rubbed the wrong way. I did not participate, but watched and read, and I have read many of your posts, and savored and pondered your very characteristic and personal style. At the time, the metaphor you made (which I allude to above) did not make an impression on me. I don't think I appreciated it. But one day it came to mind and I found the original post and reread it carefully. The experience I gained in the meantime, and maybe just having the thoughts lurk in my unconscious for a good long time made it far easier for me to appreciate the ideas. I think that it was very thoughtful, really, and I think that first post especially indicated that you had been reading this list with some care for a while before you posted to it. You did indicate something of the sort. I for one do not resent your presence or feel it improper for a "trader" to read and post here. I have found you to be respectful at all times, even though one of my posts seemed to make you bristle! There's nothing wrong with that. I have a good deal of the trader in me, for good or ill. I think that every stock buyer/seller is a trader. It's just a matter of degree. I've held a fair number of stocks for less than a day. However, I've usually sold them in a panic! I saw a piece on TV about day traders who work in settings prepared for them professionally where many traders work side by side. It was said that these persons typically hold onto a stock for a matter of, say 5 minutes. [I have wondered if this is true or fallacious. You can't believe everything you read (or see on TV)]. I don't think you take it to that extreme, based on what I've read from you. To me you seem rather 1/2 way between that sort of trader and a *typical* CANSLIM trader. Dan - - ------------------------------ Date: Thu, 23 Apr 1998 22:18:33 -0500 From: Dave Cameron Subject: Re: [CANSLIM] SDII I would classify SDII as a failed B/O right now. This may be due to today's retracement on the NASDAQ - but if I'd bought, I'd be out - any kind of a move back into the base means I exit. Since you bought earlier - you may want to hang on. The EPS/RS keep it on the viewscreen. Dave Cameron Tim Fisher wrote: > > I bot on the last B/O. Someone is just catching on that side airbags which > several major US mfgrs. have announced for 99 or 00 cars mean $$$ for these > guys. Although the insiders and institutions both at 40% should make you go > hmmmm... The institutional numbers were much lower when I bot, which I guess > indicates that the funds have jumped on board in the last month or two, > which curiously hasn't driven the price up very much. > > At 11:52 PM 4/22/98 -0500, Dave Cameron wrote: > >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 > - - ------------------------------ Date: Fri, 24 Apr 1998 03:21:06 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Charting Software. TC2000 Tony (or anyone), How does TC2000 for Windows (the new version) compare with Quotes Plus 2.0 (the new version)? Dan On Thu, 23 Apr 1998 18:41:34 -0400, you wrote: :I got the window update from Worden, had to call and ask for it. I have :been surprised by the increase in abilities and ease of use. =20 : :Tony : :---------- :> From: Connie Mack Rea :> To: canslim@lists.xmission.com :> Subject: Re: [CANSLIM] Charting Software. :> Date: Thursday, April 23, 1998 3:02 PM :>=20 :> Kirby-- :>=20 :> You made me know about the Windows' version. Mine is DOS. :>=20 :> Will check with Worden. Why haven't they told me of the update? - - ------------------------------ Date: Thu, 23 Apr 1998 22:42:17 -0400 From: Paul Altman Subject: [CANSLIM] Re: Is CANSLIM quantifiable? >Tom Worley wrote: >As far as I am concerned, there is far too much "subjective" decision >making involved to ever "computerize" it. If this was the case, we >would just hand over the check book to our PCs and let it do all the >work (and there is work involved if you want it to work). There are many system traders who feel that that's _exactly_ what we should all do. I.e., that coming up with decent systems is not nearly as hard as having the discipline to follow the system's signals. BTW, congrats on your outstanding CANSLIM results recently. ****** >Patrick Wahl wrote: >Just curious, how do you currently make decisions to purchase a >stock? I'm not currently trading stocks, and am circling around CANSLIM trying to figure out a way to play it that would work for me. ****** >Alex wrote: >Its hard for call CANSLIM a system when it has at least 7 variables, each >with considerable degrees of freedom (or interpretation.) Actually, WON gives pretty precise guidelines for most of the 7 variables. And there's a whole bunch of clever indicators available to choose from for "M". And "N" would have to remain subjective. But the rest are pretty well specified, as I recall. The fact that there are at least 6 quantifiable variables argues strongly for using a computer to rank optimal candidates. And that's exactly what WON does. We just can't do it easily because we don't have the database that he does. ****** Thanks to everyone for their thoughtful feedback. Regards, Paul - - ------------------------------ Date: Fri, 24 Apr 1998 04:36:20 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: Is CANSLIM quantifiable? Hi Paul, Well, you're "circling around CANSLIM trying to figure out a way to play it that would work ..." Since you are being so circumspect (and this is fine, whatever you are comfortable with), I'll make one suggestion that I'm sure many others would second: don't droop down for your first prey until the "M" in CANSLIM is really headed North! They say it's the lion's share of what counts. "It's hard to get a tan when it's raining outside". Good luck! Dan On Thu, 23 Apr 1998 22:42:17 -0400, you wrote: : :>Patrick Wahl wrote: : :>Just curious, how do you currently make decisions to purchase a=20 :>stock? : :I'm not currently trading stocks, and am circling around CANSLIM trying = to :figure out a way to play it that would work for me. - - ------------------------------ Date: Fri, 24 Apr 1998 05:03:00 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Charting Software. On Thu, 23 Apr 1998 08:47:09 -0600, you wrote: :Dan, : :I took a look at the web site for TC2000 a couple of days ago - it looks :like a very good program - at least from their description of all the :things it will do, fundamentals, technicals, intraday updates, etc.=A0 :However, the fee is about $2.50 a day =3D about 75.00 a month.=A0 Too = steep for :me!=A0 I am waiting for Quotes Plus 2.0 to be released (they said = sometime :about the end of this month) and don't know what they will be charging. : :Kirby Benson Seems to me I've been hearing about a fairly imminent release of Quotes Plus for a long time now. It it'a anything like DG Online's beta (they are on the verge of going commercial forever, it seems -- which is fine with me), it may be months. Dan - - ------------------------------ Date: Thu, 23 Apr 1998 22:02:43 PDT From: "Charles Morgan" Subject: [CANSLIM] M Hi everybody, Just wanted to give my two cents worth on the market. One thing that has me worried about the market is the number of uninformed investors that are in the "game". Many people where I work do not have much money to invest in buying individual stocks, so they are buying "$2" stocks in the hopes of a large move up. They usually end up selling for small gains because they are afraid it will go back down. If the market heads south for more than a couple of days, I can see them getting out of their mutual funds. This of course will fuel the move south. This kind of investor is probably why the low priced "turkeys" are flying. Here is a funny (but true) story before I sign off: A coworker found out that I traded stocks, so he struck up a conversation on stock picking. I told him I use canslim and proceeded to pull WON's book out of my bag. He waved it off, stating that he doesn't use "those" kinds of books. I asked him what does he use for his criteria. "Well, I do look at earnings, but I use my gut instinct." I said "Oh, what stocks do you own right now?" His reply - Seagate. Good investing :) Chuck ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Fri, 24 Apr 1998 10:19:03 +0200 From: Johan Van Houtven Subject: [CANSLIM] Not CANSLIM: SEG (was: re 'M') Chuck wrote: >Here is a funny (but true) story before I sign off: >A coworker found out that I traded stocks, so he struck up a >conversation on stock picking. I told him I use canslim and proceeded to >pull WON's book out of my bag. He waved it off, stating that he doesn't >use "those" kinds of books. I asked him what does he use for his >criteria. "Well, I do look at earnings, but I use my gut instinct." I >said "Oh, what stocks do you own right now?" His reply - Seagate. SEG certainly isn't CANSLIM right now, but I'm pretty sure that SEG is going to do well the comming months. That is: They have the worst of the disk drive sector malaise behind them now. And they have some 'N'. That is New products. Their 7200RPM Ultra ATA harddisk are the fastest available right now. Pricing is good and they are selling. Their (very) high end UW SCSI harddisks are still the best there are for AV applications. Quite a lot of others in the sector also seem to have the worst behind them, so the sector is looking better and better. Buying SEG now is based on another investment strategy than CANSLIM for sure, but that doesn't mean I can not be as good an investment as a CANSLIM investment. - --- Johan Van Houtven - - ------------------------------ Date: Fri, 24 Apr 1998 16:34:42 +0700 From: peterc@loxinfo.co.th Subject: [CANSLIM] Breakout FAF From my watchlist. FAF reported blowout earnings, and broke out nicely on big volume. - - ------------------------------ Date: Fri, 24 Apr 1998 06:49:04 -0400 From: "Tom Worley" Subject: [CANSLIM] Global Market It looks so far like another tough day to make some money, altho I did have 3 on my watch list break out on volume yesterday, two for new highs )MCFR, a penny stock, ACAM, SSNC). Globally, looks like Japan liked the latest economic stimulus, up about 1.6% and back over 16,000. The rest of Asia continued selling off, tho not as severe as on Thursday. However, in European trading, England, France, Germany and Switzerland are all down over 1%. I am also starting to see signs of serious erosion in Latin America again. Futures at this point are looking like at least a 25 pt drop on the open, altho NASDAQ does not look as bad as Thursday. Tom W - - ------------------------------ Date: Fri, 24 Apr 1998 07:05:42 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Sentiment New 52 week high in BULLS at almost 55%, in case anyone didn't notice. Not saying the sky is falling, yet. Need to see some more failure in the leadeship (whatever that is, although I think it's the likes of net, IMRS, MAST, LHSPF, SFSK, THRX, PAYX, NBTY (ouch!!!)). Also, need to go back up and test these recent highs and show "distribution days" which we have not seen up on this recent peak. Regards. Jeffry (Dave Cameron's best buddy!!!;0)) - - ------------------------------ Date: Fri, 24 Apr 1998 07:16:34 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] re: Thoughts on PGA I haven't followed PGA, but if I understand your post correctly, it is doing both a split and a secondary offering within a narrow time frame. This would be a major red flag to me, probably enough that I would avoid it. Doesn't mean it can't go up, but it muddies the picture too much to be sure of its future short term. I would expect the secondary offer alone to hold it back till completed. Tom W - -----Original Message----- From: Voelker, David To: 'canslim@lists.xmission.com' Date: Thursday, April 23, 1998 6:44 PM Subject: [CANSLIM] re: Thoughts on PGA >A timely event in the 4/22 IBD Investors Corner section refers to the >overall lousy return of issues that add to the float after the IPO. For >those who didn't read it, the article points out that companies issuing >seasoned equity averaged a 72% return in the year prior to the issuance >and a 7% annual return after the issuance. > >4/10/98 PGA announced that it registered 7,000,000 shares with the SEC >for public sale. I am assuming that this is exactly the type of issue >that IBD was referring to, can anyone confirm/refute this? Assuming >this to be the case I will probably be less likely to take a position >than I otherwise would. > >One more question about PGA, I was hoping to keep some feedback on the >PGA chart itself, PGA appears to be flattening now after a split >announcement following a 33% advance in price during Q1. Given the rest >of the financial picture of PGA at this point in time, does the advance >point to an currently extended price, or more of a correction to an >undervaluation? > >Thanks - > >Dave Voelker > >- > - - ------------------------------ Date: Fri, 24 Apr 1998 06:39:42 -0700 From: Dan Sutton Subject: [CANSLIM] Review of an old star- KEG I know CANSLIM is not a bottomfishing system, but take a look at KEG Energy. My numbers are from TELESCAN so will not be the same as DG's, but the correlations should be correct. EPS rank (TELESCANS) is at 99, Price Rank(close cousin to DG's relative strength) is only at 111, which probaly equates to a 60-70 range on DG...BUT it is climbing steadily. KEG is outperforming its group as far as Price rank and growth. It's projected earnings growth this year is 110%, it's had 4 positive earnings surprises out of the last 4 quarters, earnings per share have increased each of the last 4 quarters, it's right at it's 50 DMA, and broke the 10 DMA seven days ago (broke 50 DMA three days ago), it is 20% above its six week low and 7% above its 4 week low (indicating it has begun to move higher), ROE is 19.5, sales are up 47%, and the Price to Sales ratio is only a .9. I realize this doesn't qualify for a current CANSLIM stock because it is down so far for the year....but a fallen star from the CANSLIM ranks is often a great candidate if the risk is low and the fundamentals are good. Ian's Gas In Tank projection shows this one should move to around $21.50 to $22 ....it's currently at $16.80. Comments? - - ------------------------------ End of canslim-digest V2 #207 ***************************** 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.