From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #218 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 Wednesday, April 29 1998 Volume 02 : Number 218 In this issue: [CANSLIM] To complement your Canslim stocks [CANSLIM] Shorts [CANSLIM] Fwd: FW: B-000-AACU-7226 Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction Re: [CANSLIM] Shorts Re: [CANSLIM] Datek Order Execution Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction [CANSLIM] Re: Robert and Selling Stocks Re: [CANSLIM] Re: Robert and Selling Stocks Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction [CANSLIM] Re. Short Selling Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction Re: [CANSLIM] c a "N" s l i m Re: [CANSLIM] Canslim site. Re: [CANSLIM] Re: Robert and Selling Stocks Re: [CANSLIM] Fwd: FW: B-000-AACU-7226 Re: [CANSLIM] Re: Robert and Selling Stocks [CANSLIM] non-CANSLIM - real time quotes Re: [CANSLIM] Re: Robert and Selling Stocks [CANSLIM] Employment Re: [CANSLIM] Todays Worden Notes Re: [CANSLIM] Employment [CANSLIM] Economic Calendars Re: [CANSLIM] Todays Worden Notes [CANSLIM] The Money Daily article on Fed rate hike anticipation [CANSLIM] Oil related stocks Re: [CANSLIM] Employment Re: [CANSLIM] Employment RE: [CANSLIM] Employment Re: [CANSLIM] Todays Worden Notes Re: [CANSLIM] Employment Re: [CANSLIM] Employment Re: [CANSLIM] Tom's Employment Re: [CANSLIM] Canslim site. Re: [CANSLIM] c a "N" s l i m ---------------------------------------------------------------------- Date: Wed, 29 Apr 1998 09:24:23 -0400 From: Connie Mack Rea Subject: [CANSLIM] To complement your Canslim stocks Members-- I bought all stocks that I mentioned yesterday. However, I was closed out of BRCP in a couple of hours. I still like the stock and will look to buy again today. I will try to buy one stock this morning: ALR. On a 3-mos or 5-day hourly chart, you can see the bunching up of the EMA--a sign of building pressure. The OBV/MF looks good on both the 5-day and 3-mos charts. The 5-day SlowSto is rolling over at a high level, but the MACD gives a countering picture. The EMA gave a buy on both the intraday and monthly charts. I'm assuming that the breakout will be to the upside. Connie Mack - - ------------------------------ Date: Wed, 29 Apr 1998 09:33:51 -0400 From: Jeffry White Subject: [CANSLIM] Shorts Tony wrote: > SPY - TSV is pronounsly negative. Todays slight bounce may be an > opportunity to enter a short position. > Are you long any stocks, or are you looking to get long CANSLIM stocks? - - ------------------------------ Date: Wed, 29 Apr 1998 09:39:11 EDT From: SACADS Subject: [CANSLIM] Fwd: FW: B-000-AACU-7226 This is a multi-part message in MIME format. - --part0_893857151_boundary Content-ID: <0_893857151@inet_out.mail.aol.com.1> Content-type: text/plain; charset=US-ASCII Well, here's DATEK's response. Stock did go to 7 but was passed over. Any thoughts? Greg George - --part0_893857151_boundary Content-ID: <0_893857151@inet_out.mail.aol.com.2> Content-type: message/rfc822 Content-transfer-encoding: 7bit Content-disposition: inline Return-Path: Received: from rly-zc03.mx.aol.com (rly-zc03.mail.aol.com [172.31.33.3]) by air-zc01.mail.aol.com (v42.4) with SMTP; Wed, 29 Apr 1998 09:13:52 -0400 Received: from mx1.datek.com (mx1.datek.com [209.3.82.11]) by rly-zc03.mx.aol.com (8.8.5/8.8.5/AOL-4.0.0) with ESMTP id JAA08488 for ; Wed, 29 Apr 1998 09:12:08 -0400 (EDT) Received: from CVOLPE ([10.129.14.26] (may be forged)) by mx1.datek.com (2.5 Build 2626 (Berkeley 8.8.6)/8.8.4) with SMTP id JAA05074 for ; Wed, 29 Apr 1998 09:11:09 -0400 Received: by CVOLPE with Microsoft Mail id <01BD734F.73523560@CVOLPE>; Wed, 29 Apr 1998 09:16:11 -0400 Message-ID: <01BD734F.73523560@CVOLPE> From: Chris Volpe To: "'SACADS@aol.com'" Subject: FW: B-000-AACU-7226 Date: Wed, 29 Apr 1998 09:16:09 -0400 Mime-Version: 1.0 Content-type: text/plain; charset=US-ASCII Content-transfer-encoding: 7bit - -----Original Message----- From: SACADS [SMTP:SACADS@aol.com] Sent: Thursday, April 23, 1998 12:39 PM To: trades@datek.com Subject: B-000-AACU-7226 Dear George: I have researched your order to sell 700 shares of SOCR at 6 3/4. I understand you concern in not wanting to own 32 shares of a stock. However, Datek does not have an All or None feature. We allow for partial fills. Also, since your 32 shares is not a round lot, it will not be represented as the lowest offer which is why you see trades going through at 7. Unfortunately, sometimes odd lots are difficult to get executed. If you have any further questions, please feel free to contact Customer Support at 1-888 GO DATEK. Thank you, Datek Online Chris V. Good morning. The above is a GTC order to sell 700 shares of SOCR at a limit of 6 3/4. It was placed on 3/31/98. On 4/21/98 I sold 667 at 6 3/4 leaving me 32 shares. I subsequently watched the stock go up to 6 13/16 and later to 7. Since I'm not real thrilled about holding 32 shares of anything I'm curious as to why this order did not process. I had also previously sold 1 share at 6 3/4 when the high for the day was much less. Thank you, Greg George (george3331/casacega) - --part0_893857151_boundary-- - - ------------------------------ Date: Wed, 29 Apr 1998 09:52:09 EDT From: DCSquires Subject: Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction In a message dated 98-04-29 09:42:42 EDT, you write: << I saw it in IMRS, IONAY & HDWY. Anyone else has some more examples of market leaders that did or did not start to sell-of before the market top? >> I think Ian Woodward has a index of leaders called the Iandex. On the Telescan board they a talking about it breaking down. I have seen many of the leaders dropping myself. However, the strength of AOL, LU and YHOO are a bright spots. DSquires - - ------------------------------ Date: Wed, 29 Apr 1998 09:56:11 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Shorts I'm not long any canslim stocks as of today, and do not plan on entering any new ones until I'm confident this short term uncertainty is over. Until that time, I'm only looking at shorts. Tony - ---------- > From: Jeffry White > To: canslim@mail.xmission.com > Subject: [CANSLIM] Shorts > Date: Wednesday, April 29, 1998 9:33 AM > > Tony wrote: > > > SPY - TSV is pronounsly negative. Todays slight bounce may be an > > opportunity to enter a short position. > > > > Are you long any stocks, or are you looking to get long CANSLIM stocks? > > - > - - ------------------------------ Date: Wed, 29 Apr 1998 06:59:01 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Datek Order Execution Sounds like they are telling you that you are SOL. The "odd lot" excuse was lame - I have never had any problems executing odd lots with either Bidwell or Schwab, even on micro caps like MCRI, and I have _never_ bought an "even" lot, assuming that even means a multiple of 100 shares. So that would be something like 100 "odd lot" trades in the past year without any partial fills. Time for a new broker, IMHO. At 09:39 AM 4/29/98 EDT, you wrote: > >Dear George: >I have researched your order to sell 700 shares of SOCR at 6 3/4. I >understand you concern in not wanting to own 32 shares of a stock. However, >Datek does not have an All or None feature. We allow for partial fills. >Also, since your 32 shares is not a round lot, it will not be represented as >the lowest offer which is why you see trades going through at 7. >Unfortunately, sometimes odd lots are difficult to get executed. >If you have any further questions, please feel free to contact Customer >Support at 1-888 GO DATEK. >Thank you, >Datek Online >Chris V. > >Good morning. The above is a GTC order to sell 700 shares of SOCR at a limit >of 6 3/4. It was placed on 3/31/98. On 4/21/98 I sold 667 at 6 3/4 leaving >me 32 shares. I subsequently watched the stock go up to 6 13/16 and later to >7. Since I'm not real thrilled about holding 32 shares of anything I'm >curious as to why this order did not process. I had also previously sold 1 >share at 6 3/4 when the high for the day was much less. >Thank you, Greg George (george3331/casacega) > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@orerockon.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 29 Apr 1998 06:59:03 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction THRX, SFSK, RXSD, LGTO, MTG, although not all "leaders" sold off big-time last week. I was out of 2 last week, out of 6 Monday, will not buy until I see some confirmation of a bottom, assuming that we are even close to the bottom. Somewhere in HTMMIS he says that you should be about 20% in cash after each signal, that would be 60% cash by now if you use 3 distribution days as "signals." Further selling should get you out after the failed rally attempt, that is that part I ignored last fall, so I am bound and determined to stick to it this time. At 03:16 PM 4/29/98 +0200, you wrote: > >I saw it in IMRS, IONAY & HDWY. Anyone else has some more examples of >market leaders that did or did not start to sell-of before the market top? > >"Use of individual stock selling rules...should lead you to sell one or two >of your stocks on the way up just prior to the general market peak." > >So based on WON's individual stock selling rules (and there are many!) you >should have already sold 1 or 2 of your stocks BEFORE the general market top. > >WON says (somewhere else in HTMMIS) you would typically hold 4 to 5 stocks. >So if you already sold 1 or 2 BEFORE the market top, you would be approx 20 >to 50% in cash before the general market top. > >After that further selling is advisable if you recognize weak rallies, says >WON on p. 46. > >"Recognizing when the market has hit a top or bottom out is 50% of the >whole complicated ball game. It is also the key investing skill that >all-too-many professional and amateur investors seem to lack." > >So in my mind, I'd say, this is the time to start looking (NOT buying) for >the stocks that hold up best, the potential leaders for the next leg up. > >Comments welcome. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@orerockon.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 29 Apr 1998 07:04:57 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Re: Robert and Selling Stocks <> An excellent point, Robert. So many CSers like to think of themselves as at least intermediate-term investors (they want those six-baggers), yet are persuaded to use short-term buy and sell signals. This sets up a fundamental crack in their investment strategies. A little self-examination can lead to far less confusion. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 29 Apr 1998 10:18:44 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Re: Robert and Selling Stocks Group, Please clarify the issue of selling for me. The way I read and understood the issue of selling is as follows. Page 101, in bold letters, states to take your 20% profits when you have them, with the exception of stocks that obtain 20% in less than 8 weeks. Those are to be held longer. Secondly, you exit stocks that are underperforming your other holdings, as you come upon other opportunities. The red dress story. From your posts of recent, I take it that many of you are not holding fast to that exit mentality. Did I read this incorrectly? Your clarifications would be greatly appreciated. Tony - ---------- > From: dbphoenix > To: canslim@lists.xmission.com > Subject: [CANSLIM] Re: Robert and Selling Stocks > Date: Wednesday, April 29, 1998 10:04 AM > > < for > more than 6 months. If not, does that make us CANSLIM traders, rather > than > investors? This may seem like semantics, but I think its an important > distinction that effects when we buy and sell, and why.>> > > An excellent point, Robert. So many CSers like to think of themselves > as at least intermediate-term investors (they want those six-baggers), > yet are persuaded to use short-term buy and sell signals. This sets > up a fundamental crack in their investment strategies. A little > self-examination can lead to far less confusion. > > --Db > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > - - ------------------------------ Date: Wed, 29 Apr 1998 16:16:15 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction At 09:52 AM 29/04/98 EDT, you wrote: >In a message dated 98-04-29 09:42:42 EDT, you write: > ><< I saw it in IMRS, IONAY & HDWY. Anyone else has some more examples of > market leaders that did or did not start to sell-of before the market top? >> > >I think Ian Woodward has a index of leaders called the Iandex. On the Telescan >board they a talking about it breaking down. The Telescan board... is that at AOL? Do you or any of the other members recommend buying IAN's video's and back issues of his newsletter? I saw that the were available at www.telescan.com. >I have seen many of the leaders >dropping myself. However, the strength of AOL, LU and YHOO are a bright spots. - --- Johan Van Houtven - - ------------------------------ Date: Wed, 29 Apr 1998 11:18:38 EDT From: JANSI1AUG1 Subject: [CANSLIM] Re. Short Selling Tom and dbphoenix, Thanks for the instructive and useful information on short-selling. I am taking db's advice and saving all 3 (including the answer to Talib Hirji from Tom). Thanks again. jans - - ------------------------------ Date: Wed, 29 Apr 1998 11:44:31 EDT From: DCSquires Subject: Re: [CANSLIM] Chapter 7 HTMMIS: Market Direction In a message dated 98-04-29 10:20:40 EDT, you write: << Do you or any of the other members recommend buying IAN's video's and back issues of his newsletter? I saw that the were available at www.telescan.com. >> Not sure. I haven't seen the video and have only read one of his news letters but his take on CANSLIM is very thorough and, IMO, a bit clearer than what Big O has said publically. <> Yes. Sorry, I forgot to mention that. DSquires - - ------------------------------ Date: Wed, 29 Apr 1998 11:52:36 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] c a "N" s l i m If the group could indulge another question. Most of the CANSLIM requirements are easily found. However, the something new, "N", appears to be difficult to come upon, for me anyway. How have you been finding or determining the something new in a prospective stock? Or rather, from where are you getting or finding the sourse of this information? Your assistance is greatly appreciated. Tony - - ------------------------------ Date: Wed, 29 Apr 1998 12:02:21 -0400 From: "Gary M. Pess" Subject: Re: [CANSLIM] Canslim site. Connie, Could you check the site URL, it comes back not found. Gary Pess Handman Connie Mack Rea wrote: > Members-- > > I came upon this site while looking at sites for myself. > > I've no opinion. Just happened to see it was dedicated to Canslim. > > http://stockguide.com/canslim.htm > > Connie Mack > > - - - ------------------------------ Date: Wed, 29 Apr 1998 12:06:17 EDT From: DCSquires Subject: Re: [CANSLIM] Re: Robert and Selling Stocks In a message dated 98-04-29 10:19:58 EDT, you write: << Page 101, in bold letters, states to take your 20% profits when you have them, with the exception of stocks that obtain 20% in less than 8 weeks. Those are to be held longer. >> This waiting period has come up a lot lately. I think this rule has to be put into context or you lose profits. IMO, this waiting rule applies to only true leaders. They often have a big NEW in the mix(LHSPF and ASND,CSCO and potentially Broadcom(BRCM)) or a potential mass market with a market leadership position(AOL). IMO, the rest are mostly stocks that you "nail down as you go along". The only other exception I see to this rule is at the beginning of a new bull market (not intermediate up leg). At the start of a new bull many stocks can be bought coming out of very long bases and can double a lot easier than the stocks in this market. Also, since the new bull just started the risk of waiting 8 weeks for the stock to move higher is much less. This rotational market, where some groups lead while others have mini- bear markets is not a market to be holding for longterm capital gains, unless you own a true leader with a low cost basis. DSquires - - ------------------------------ Date: Wed, 29 Apr 1998 12:21:22 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Fwd: FW: B-000-AACU-7226 If the bid reached or exceeded your limit of 6.75 after the 668 shares were sold, then the remaining 32 shares should also have been sold despite not being a "round lot" at that point. If you are otherwise happy with Datek, you could ask for time and sales for 4/21 and look at the bid to see if it reached or passed your limit anytime after the initial sale. If not, looks like you're stuck. If so, then again demand that they make good on the sale of the remaining 32 shares. On the other hand, if you're not that happy with Datek, you could simply tell them either to make good on the execution or you will transfer the acct. Tom W - -----Original Message----- From: SACADS To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 9:38 AM Subject: [CANSLIM] Fwd: FW: B-000-AACU-7226 >Well, here's DATEK's response. Stock did go to 7 but was passed over. Any >thoughts? > >Greg George > - - ------------------------------ Date: Wed, 29 Apr 1998 09:38:09 -0700 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] Re: Robert and Selling Stocks Thanks for this post. You have clearly put the selling rules into a context that rings true for me and which I was struggling to formulate on my own in recent days. > >This waiting period has come up a lot lately. I think this rule has to be put >into context or you lose profits. IMO, this waiting rule applies to only true >leaders. They often have a big NEW in the mix(LHSPF and ASND,CSCO and >potentially Broadcom(BRCM)) or a potential mass market with a market >leadership position(AOL). IMO, the rest are mostly stocks that you "nail down >as you go along". The only other exception I see to this rule is at the >beginning of a new bull market (not intermediate up leg). At the start of a >new bull many stocks can be bought coming out of very long bases and can >double a lot easier than the stocks in this market. Also, since the new bull >just started the risk of waiting 8 weeks for the stock to move higher is much >less. This rotational market, where some groups lead while others have mini- >bear markets is not a market to be holding for longterm capital gains, unless >you own a true leader with a low cost basis. > >DSquires > >- > > - - ------------------------------ Date: Wed, 29 Apr 1998 11:39:56 -0500 From: "Ricardo Bekin" Subject: [CANSLIM] non-CANSLIM - real time quotes looks like the floodgates have opened and everybody is finally going to start offering free RT quotes - -----Original Message----- From: SmallCap Investor News To: smallcaplist@MAGICNET.NET Date: Wednesday, April 29, 1998 11:14 AM Subject: Special Announcement: FREE Real Time Quotes >Dear SmallCap Investors, > >FinancialWeb, the publisher of SmallCap Investor News, is pleased to >announce that it is now offering FREE real time quotes via its Quote >Central web site. > >Users who register at http://www.quotecentral.com/register.asp can receive >up to 100 real time stock quotes each day at absolutely no cost. > >And not only do you get FREE real time stock quotes, but you get INTRA-DAY >charts as well, right on the same page. > >It's a great service, and it's FREE! Why not give it a try? > > >Sincerely, > >Jeff Grossman >Editor, SmallCap Investor News > > > - - ------------------------------ Date: Wed, 29 Apr 1998 12:33:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Robert and Selling Stocks Tony, The 20% and 8 weeks reference is from market conditions about six years ago, when finding a stock that moved that quickly was unusual. The volume, liquidity and volatility of today's market (and for the past several years as well) make that a virtually impossible rule to follow explicitly on a good performing stock (the mkt avg moved 20% in just Feb and Mar, thus there had to be many stocks that moved even further). The longest I have recently held a solidly performing stock was 7 weeks, and I was up 70% by then. On the other hand, if you have a stock that goes up 50% in several weeks, and you are comfortable giving back some of those profits in the belief that it will continue higher following a correction/consolidation, then there's nothing wrong in following the 8 week rule. Tom W - -----Original Message----- From: Tony Austin To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 10:16 AM Subject: Re: [CANSLIM] Re: Robert and Selling Stocks >Group, > >Please clarify the issue of selling for me. The way I read and understood >the issue of selling is as follows. > >Page 101, in bold letters, states to take your 20% profits when you have >them, with the exception of stocks that obtain 20% in less than 8 weeks. >Those are to be held longer. > >Secondly, you exit stocks that are underperforming your other holdings, as >you come upon other opportunities. The red dress story. > >>From your posts of recent, I take it that many of you are not holding fast >to that exit mentality. Did I read this incorrectly? Your clarifications >would be greatly appreciated. > >Tony > - - ------------------------------ Date: Wed, 29 Apr 1998 19:02:14 -0400 From: "Tom Worley" Subject: [CANSLIM] Employment Well, gang, looks like the vacation is over. I start work at a international German bank on Monday with about half the responsibility I had at my last job but for a base pay more than 20% higher (and excellent benefits will add another 10% to that). It looked for some time like I was going into the foreign exchange side of the back office, but at the last minute they decided they wanted my securities expertise more, and were afraid someone else would hire me in the meantime. Sorry if this throws next month's Employment Cost Index into inflationary ground, but I always did say I was underpaid. And it was a nice feeling to have several companies scrambling to hire me. And yes, the one I wanted got me, altho several others were talking more money. Even my HDWY celebrated today, up 13.9%. My only regret is I didn't have the guts to do what I considered doing on Monday, using the cash in my IRA to buy another 800 shares around 7.5!! Oh well, there's always another train leaving the station. I will no longer be "licensed" and banking restrictions are no where as severe as in the securities industry, so can freely express my opinion in the future. Tom W - - ------------------------------ Date: Wed, 29 Apr 1998 19:10:41 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Todays Worden Notes Worden Notes for today, from TC2000. I need to find out if they mind me posting these, even with credit. TIPS & HINTS (Wednesday, April 29, 1998, 4:00 P.M., ET) " We find no reason to believe the decline is over. Do not be misled by today's rally. The market goes up and down. But at the moment, it is trending down. We suggest you look at weekly bar charts of each of 30 Dow stocks. Include a 40-week moving average in the top window. Here is what you will find. Seven stocks that have broken their MA's and have rallied back up to or above them. These are the weakest of the lot and are in the midst of serious declines: MMM, BA, CAT, AA, MO, UK, S. Fifteen stocks that have peaked above their moving averages and have broken to the downside. Most or all of these can be expected to descend at least to their MA's, possibly lower: MRK, WMT, PG, MCD, TRV, T, KO, JPM, JNJ, GT, GM, GE, DD, AXP, ALD." Tony - - ------------------------------ Date: Wed, 29 Apr 1998 18:24:34 -0500 From: Joan Sherman Subject: Re: [CANSLIM] Employment Go for it Tom, and the very best of luck! See, I told you, every kick is a BOOST! Joan Sherman /\~~~/\ /\~~~/\ /\~~~/\ /\~/\ /\~/\ and the gang ** ** ** ** ** Support Animal Rescue - - ------------------------------ Date: Wed, 29 Apr 1998 19:09:00 -0400 From: Tom Worley Subject: [CANSLIM] Economic Calendars I will no longer be posting my weekly Economic Calendars, however for those who may still desire this type of info, I suggest you subscribe to Infobeat at www.infobeat.com. You can set up your own profile of what info you want. To get the latest economic reports as well as the forecasts for the next day along with expectations, click on the Morning Call. I also recommend the Money Daily item, today for example it had an interesting report on how to anticipate the next Fed rate hike (sorry, can't post it here without permission, but have asked for this). Tom W - - ------------------------------ Date: Wed, 29 Apr 1998 19:23:29 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Todays Worden Notes Interesting that they only consider the Dow 30. Since when is that indicative of the general mkt? Maybe they don't know about NASDAQ?? Maybe they just dislike tech stocks?? Tom W - -----Original Message----- From: Tony Austin To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 7:09 PM Subject: Re: [CANSLIM] Todays Worden Notes >Worden Notes for today, from TC2000. I need to find out if they mind me >posting these, even with credit. > > > We suggest you look at weekly bar charts of each of 30 Dow stocks. >serious declines: MMM, BA, CAT, AA, MO, UK, S. Fifteen stocks that >lower: MRK, WMT, PG, MCD, TRV, T, KO, JPM, JNJ, GT, GM, GE, DD, AXP, ALD." > - - ------------------------------ Date: Wed, 29 Apr 1998 19:34:26 -0400 From: "Tom Worley" Subject: [CANSLIM] The Money Daily article on Fed rate hike anticipation Found a better way, for those wanting to read this article, point your browser to http://www.pathfinder.com/money/moneydaily/latest/archive.html and click on the article for Wed, Apr 29. It also has a lot of good commentary on how interest rates affect the price of stocks, for those wondering about the inter-relationship between the bond and the stock mkt. Tom W - - ------------------------------ Date: Wed, 29 Apr 1998 20:19:23 -0400 From: "Tom Worley" Subject: [CANSLIM] Oil related stocks In case you missed the data, crude oil prices got hammered again today. Reasons were varied, from Norway (the #2 producer after Saudi Arabia) electing not to send a rep to the upcoming June meeting of OPEC (where they are going to attempt to cut another 500,000 barrels a day of production), to rumors that Venezuela plans to increase production 15% next year if the agreement to cut production falls apart, to reports of crude inventory increasing (highest since Dec 1993), to DOE report of gas inventory increasing by another million barrels last week despite all the cracker plants that have been shut down for maintenance or repair. Seems that despite the current low energy prices, the demand just isn't there. Tom W - - ------------------------------ Date: Wed, 29 Apr 1998 20:19:15 -0400 From: "K Strauss" Subject: Re: [CANSLIM] Employment Congrats on the new job! I'm sure that eveyone on the list looks forward to more of you insights since you should have lots of spare time... :-) - -----Original Message----- From: Tom Worley To: CANSLIM Date: Wednesday, April 29, 1998 7:14 PM Subject: [CANSLIM] Employment >Well, gang, looks like the vacation is over. I start work at a >international German bank on Monday with about half the responsibility >I had at my last job but for a base pay more than 20% higher (and >excellent benefits will add another 10% to that). It looked for some >time like I was going into the foreign exchange side of the back >office, but at the last minute they decided they wanted my securities >expertise more, and were afraid someone else would hire me in the >meantime. > >Sorry if this throws next month's Employment Cost Index into >inflationary ground, but I always did say I was underpaid. And it was >a nice feeling to have several companies scrambling to hire me. And >yes, the one I wanted got me, altho several others were talking more >money. > >Even my HDWY celebrated today, up 13.9%. My only regret is I didn't >have the guts to do what I considered doing on Monday, using the cash >in my IRA to buy another 800 shares around 7.5!! Oh well, there's >always another train leaving the station. > >I will no longer be "licensed" and banking restrictions are no where >as severe as in the securities industry, so can freely express my >opinion in the future. > >Tom W > > > >- > - - ------------------------------ Date: Wed, 29 Apr 1998 20:30:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Employment Spare time?? Now, instead of spending 10-12 hours a day on the net, I will have to fit my obsession in around working a day job!! At least I should be able to go home around 5PM each day instead of 7 or 8PM. Anyway, I'm actually looking forward to going back to work. Now I have a better understanding of what's it's like to get quotes off the net, and deal with discount brokers (Datek blew it with me, am sending my accts to Schwab!!). Tom W - -----Original Message----- From: K Strauss To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 8:18 PM Subject: Re: [CANSLIM] Employment >Congrats on the new job! > >I'm sure that eveyone on the list looks forward to more of you insights >since you should have lots of spare time... :-) > - - ------------------------------ Date: Wed, 29 Apr 1998 20:32:15 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] Employment This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01BD73AD.E5BAC140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit That is excellent news Tom. It is hard to see when the ax hits, but many times these things that seem negative ultimately end up working out much better in the long run. So it has been with me in my work career. I guess this means we can't hire you as a consultant for our private placement/equity financing company? *s* Best of luck! - ----------------------------- Nelson E. Timken, Esq. J.N. Capital, Inc. Douglaston, New York - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, April 29, 1998 7:02 PM To: CANSLIM Subject: [CANSLIM] Employment Well, gang, looks like the vacation is over. I start work at a international German bank on Monday with about half the responsibility I had at my last job but for a base pay more than 20% higher (and excellent benefits will add another 10% to that). It looked for some time like I was going into the foreign exchange side of the back office, but at the last minute they decided they wanted my securities expertise more, and were afraid someone else would hire me in the meantime. Sorry if this throws next month's Employment Cost Index into inflationary ground, but I always did say I was underpaid. And it was a nice feeling to have several companies scrambling to hire me. And yes, the one I wanted got me, altho several others were talking more money. Even my HDWY celebrated today, up 13.9%. My only regret is I didn't have the guts to do what I considered doing on Monday, using the cash in my IRA to buy another 800 shares around 7.5!! Oh well, there's always another train leaving the station. I will no longer be "licensed" and banking restrictions are no where as severe as in the securities industry, so can freely express my opinion in the future. Tom W - - - ------=_NextPart_000_0018_01BD73AD.E5BAC140 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_0018_01BD73AD.E5BAC140-- - - ------------------------------ Date: Wed, 29 Apr 1998 20:55:16 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Todays Worden Notes > Interesting that they only consider the Dow 30. Since when is that > indicative of the general mkt? Maybe they don't know about NASDAQ?? > Maybe they just dislike tech stocks?? > > Tom W > That's a good question. I'll make a point of asking why the picked the Dow 30 when I call them tomorrow....to make sure they don't mind me posting their notes. > > >Worden Notes for today, from TC2000. I need to find out if they mind > me > >posting these, even with credit. > > > > > > > We suggest you look at weekly bar charts of each of 30 Dow > stocks. > > > >serious declines: MMM, BA, CAT, AA, MO, UK, S. Fifteen stocks that > >lower: MRK, WMT, PG, MCD, TRV, T, KO, JPM, JNJ, GT, GM, GE, DD, AXP, > ALD." > > > > > > - > - - ------------------------------ Date: Wed, 29 Apr 1998 20:55:25 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Employment I'm open to all offers!! One of the interesting (at least to me) things about the way this industry is going is that the securities industry is so extremely highly regulated (for example, before I could not take a part time job washing cars without approval of my employer as well as formal notification to the NASD) yet banks are rapidly moving into competition, but they will be regulated by the banking regulators, not the NASD or SEC, and will have an entirely different set of rules to play by. Thus I can now have a part time job of my choosing, and no one cares! The past 4 weeks have been almost a vacation, away from the stress of where I was working, and only having to worry about the mkt and how to pay bills (which I was already worrying about anyway, so this was not new, and less than the job environment). Tom W - -----Original Message----- From: Nelson E. Timken, Esq. To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 8:29 PM Subject: RE: [CANSLIM] Employment >That is excellent news Tom. It is hard to see when the ax hits, but many >times these things that seem negative ultimately end up working out much >better in the long run. So it has been with me in my work career. > >I guess this means we can't hire you as a consultant for our private >placement/equity financing company? *s* > > - - ------------------------------ Date: Wed, 29 Apr 1998 18:13:28 -0700 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] Employment Excellent news Tom! Less responsiblity, more pay. How do I get a job like that?:-) - -----Original Message----- From: Tom Worley To: CANSLIM Date: Wednesday, April 29, 1998 4:09 PM Subject: [CANSLIM] Employment >Well, gang, looks like the vacation is over. I start work at a >international German bank on Monday with about half the responsibility >I had at my last job but for a base pay more than 20% higher (and >excellent benefits will add another 10% to that). It looked for some >time like I was going into the foreign exchange side of the back >office, but at the last minute they decided they wanted my securities >expertise more, and were afraid someone else would hire me in the >meantime. > >Sorry if this throws next month's Employment Cost Index into >inflationary ground, but I always did say I was underpaid. And it was >a nice feeling to have several companies scrambling to hire me. And >yes, the one I wanted got me, altho several others were talking more >money. > >Even my HDWY celebrated today, up 13.9%. My only regret is I didn't >have the guts to do what I considered doing on Monday, using the cash >in my IRA to buy another 800 shares around 7.5!! Oh well, there's >always another train leaving the station. > >I will no longer be "licensed" and banking restrictions are no where >as severe as in the securities industry, so can freely express my >opinion in the future. > >Tom W > > > >- > > - - ------------------------------ Date: Wed, 29 Apr 1998 18:22:00 -0700 From: "John Iding" Subject: Re: [CANSLIM] Tom's Employment We all knew you would land on your feet and come out smelling like a rose ... best of luck ... John - - ------------------------------ Date: Thu, 30 Apr 1998 02:04:48 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Canslim site. On Wed, 29 Apr 1998 12:02:21 -0400, you wrote: :Connie, : :Could you check the site URL, it comes back not found. : :Gary Pess :Handman : :Connie Mack Rea wrote: : :> Members-- :> :> I came upon this site while looking at sites for myself. :> :> I've no opinion. Just happened to see it was dedicated to Canslim. :> :> http://stockguide.com/canslim.htm :> :> Connie Mack :> That URL does fail, but if you pare off the "canslim.htm" you'll get your hit. It's Investor's Business Daily online.=20 Dan - - ------------------------------ Date: Thu, 30 Apr 1998 02:08:41 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] c a "N" s l i m On Wed, 29 Apr 1998 11:52:36 -0400, you wrote: : :If the group could indulge another question. Most of the CANSLIM :requirements are easily found. However, the something new, "N", appears = to :be difficult to come upon, for me anyway. : :How have you been finding or determining the something new in a = prospective :stock? Or rather, from where are you getting or finding the sourse of = this :information? Your assistance is greatly appreciated. : :Tony : I think the N is not as critical as say, C, A, M. If it were missing and everything else were there, I think the stock would still be buyable. Only researching the company could reveal this. Read profiles, news, the info in various online resources including threads in places like Silicon Investor, AOL, Motley Fool. Dan - - ------------------------------ End of canslim-digest V2 #218 ***************************** 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.