From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #228 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, May 6 1998 Volume 02 : Number 228 In this issue: [CANSLIM] Re: On "M" World Markets [CANSLIM] Re: New Subscriber Introduction [CANSLIM] Re: Tim and "I" [CANSLIM] RE: PM [CANSLIM] Screening result. [CANSLIM] April screen results [CANSLIM] MNMD NC [CANSLIM] The Great Boom Re: [CANSLIM] The Great Boom Re: [CANSLIM] April screen results Re: [CANSLIM] The Great Boom Re: [CANSLIM] Adds to my watch list Re: [CANSLIM] MRE Re: [CANSLIM] Re: On "M" World Markets Re: [CANSLIM] Re: On "M" World Markets Re: [CANSLIM] HIBB [CANSLIM] OBV/MF to watch. Re: [CANSLIM] HIBB [CANSLIM] Fwd: DG Online Re: [CANSLIM] April screen results [CANSLIM] Tom Worley post on how long to wait for 20% [CANSLIM] NRVH; Near breakout? Re: [CANSLIM] April screen results Re: [CANSLIM] Tom Worley post on how long to wait for 20% Re: [CANSLIM] NRVH; Near breakout? [CANSLIM] Question ---------------------------------------------------------------------- Date: Wed, 6 May 1998 09:38:40 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: On "M" World Markets Tom, Thanks for your thoughts on the market. I am also concerned with the fewer numbers of new highs and advnaces in both the NYSE and NASDAQ. Seeing you confirm this means I'm looking at the right indicators. How's the new job? Regards, Mary Keener - - ------------------------------ Date: Wed, 6 May 1998 09:43:30 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: New Subscriber Introduction Deral, Welcome to the group and all the best in your business. Your "corporate slaving" should benefit you now. Good to hear you're on your own. Regards, Mary Keener - - ------------------------------ Date: Wed, 6 May 1998 08:11:35 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Re: Tim and "I" <> I do hope everyone prints this out and tapes it to their monitors. Tim's point re how many charts do you need is certainly timely. If you're the type that shops every office-supply store before buying a box of paper clips, that's one thing. But if you prefer to stop once you've found a truly superior box of paper clips at a truly superior price then go on with your life, Tim's advice is well worth taking. It's also worth noting that many if not most CSers can be very selective about what is "proper" CS. If they agree with a particular criteria, it's absolutely critical, and any stock which doesn't pass this criteria isn't a CS stock. If they don't agree with it, however, it's not important and can be trivialized or ignored. Whether or not one chooses to buy these variants is a personal decision, but he and whoever reads him should always be aware of the dangers involved in wandering off the path. If someone decides to blaze an entirly new trail, wonderful. Otherwise, followers may wind up falling into a hole. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 06 May 1998 13:01:32 -0400 From: Connie Mack Rea Subject: [CANSLIM] RE: PM Members-- Thank you for the questions about my earlier post on PM. The MF from 5-1- to the present is solid. It is especially strong for the first five days in May. The price is in constant decline for the month of April. The OBV, if there is an uptick today, will show a flat trendline from 5-1 to the present. The OBV will lie at the same level--if there is an uptick tomorrow--as it did 5-1. However, the price will have declined from about 12.25 to 11.25, which is an acceptable correction that can be bought into with relative safety. There is, then, a positive divergence as the OBV has held against price. The SlowSto looks good. The MACD gave a buy yesterday. The EMA gave a Third Level [3-line and 7-line through 10-line] buy also yesterday. Volume is nominal. If the spread gets over a 1/2 point, beware. You might get some stock with a mid-way offer. Connie Mack - - ------------------------------ Date: Wed, 06 May 1998 09:53:21 -0700 From: "Chao, Chih Yu" Subject: [CANSLIM] Screening result. The followings are my monthly screening result: HCFP, EMC, PGEX Well, normally I can get a list about 10 to 15 stocks, but I don't know why I can only get less than 5 stocks recently. We are in a bull market, aren't we ? ;-) Some interesting stocks: SPNSF, MTON, OMNI, KTIE, GEOC, OROA Happy investing/trading, ChihYu - - ------------------------------ Date: Wed, 06 May 1998 11:41:52 -0700 From: Tim Fisher Subject: [CANSLIM] April screen results - --=====================_894505312==_ Content-Type: text/plain; charset="us-ascii" As usual, from Zacks free (suspect ) data, do your own homework, relative strengths are percentile rank within the industry sector, yadda yadda yadda. Attached as a tab-delim txt file this time. - --=====================_894505312==_ Content-Type: text/plain; charset="us-ascii" Content-Disposition: attachment; filename="aprcasli.txt" COMPANY Tick Exch Sect Ind Code Industry 24WK PCHG% TREND EPGR QEPS 0/-4 QEPS -1/-5 QEPS -2/-6 % INSTITUT % INSIDERS QEPS -2/-7 TREND SALE P/E 12M ROI D/Equity PEG F1 24wk % GRS EPS GR % 0Q % -1Q % RS Total Score Nacco Inds-cl A NC NYSE 7 100 MACH-MATL HDLG 60 37 743 98 109 40 22 17 10 16 13 54 97% 82% 99% 85% 94% 91% Thq Inc THQI NSDQ 2 185 TOYS/GAME/HOBBY 36 191 617 342 54 39 17 40 23 13 54 0.49 76% 100% 99% 98% 83% 91% Jefferies Grp JEF NYSE 13 62 FIN-INVEST BKRS 56 31 49 48 31 44 17 123 26 17 19 22 95% 84% 87% 85% 93% 89% Natl Rv Hldgs NRVH NSDQ 8 30 BLDG-MBL/MFG&RV 57 34 83 148 115 54 37 39 44 16 29 11 0.70 92% 80% 82% 90% 93% 87% Manugistics Gp MANU NSDQ 10 44 COMP-SOFTWARE 86 74 67 76 83 59 32 80 40 100 15 0 1.40 95% 91% 73% 74% 97% 86% Minimed Inc MNMD NSDQ 4 104 MED PRODUCTS 29 80 89 73 40 38 32 50 32 75 12 0 1.33 82% 93% 88% 83% 76% 84% Sps Tech ST NYSE 6 121 METAL PRD-FSTRS 36 107 52 35 12 58 11 39 17 22 14 44 0.92 89% 99% 76% 69% 83% 83% Labor Ready Inc LBOR NSDQ 16 205 BUS SVCS 32 37 125 1757 141 36 17 38 107 75 14 0 0.89 67% 68% 92% 100% 79% 81% Symix Systems SYMX NSDQ 10 44 COMP-SOFTWARE 36 81 125 33 33 25 38 100 23 32 18 1 0.99 78% 93% 88% 57% 83% 80% Resmed Inc RESM NSDQ 4 104 MED PRODUCTS 28 45 62 35 81 57 20 33 41 30 28 1 1.13 81% 86% 83% 69% 75% 79% Special Devices SDII NSDQ 10 50 ELEC-MISC COMPN 48 48 72 42 29 49 39 37 22 15 4 0.91 86% 80% 75% 62% 90% 78% Datastream Sys DSTM NSDQ 10 44 COMP-SOFTWARE 36 70 62 58 48 51 30 47 84 34 29 1 1.09 79% 89% 72% 69% 83% 78% Ha-lo Inds Inc HMK NYSE 2 1 ADVERTISING 36 137 33 30 113 49 36 75 89 44 15 54 1.15 75% 99% 66% 67% 83% 78% Equinox Systems EQNX NSDQ 10 198 COMP-NETWORKS 42 27 74 106 67 30 24 35 10 21 21 83% 57% 75% 82% 87% 77% Encore Wire Cp WIRE NSDQ 7 197 WIRE&CABLE PRDS 20 43 56 79 95 46 21 683 32 18 27 32 70% 85% 79% 84% 66% 77% Chart Inds Inc CTI NYSE 7 99 MACH-GENL INDL 16 326 60 60 56 52 30 39 24 16 55 5 0.90 61% 100% 80% 79% 59% 76% Analytic Survey ANLT NSDQ 16 206 BUS INFO SVCS 28 47 108 109 67 23 15 36 48 37 21 2 0.92 61% 76% 86% 81% 75% 76% Coherent Commun CCSC NSDQ 10 179 TELECOMM EQUIP 79 37 26 47 44 44 16 33 30 53 35 0 1.42 94% 68% 55% 64% 97% 75% Afc Cable Sys AFCX NSDQ 7 197 WIRE&CABLE PRDS 54 26 28 20 19 56 36 28 24 20 17 3 1.17 95% 67% 68% 55% 92% 75% Logans Rdhouse RDHS NSDQ 3 160 RETAIL-RESTRNTS 39 43 20 33 56 53 21 56 26 12 0 0.73 80% 94% 52% 65% 85% 75% Technitrol Inc TNL NYSE 10 52 ELEC PRODS-MISC 38 57 45 35 66 40 44 63 38 21 19 22 80% 84% 65% 59% 84% 74% Dycom Inds DY NYSE 8 28 BLDG-HEAVY CNST 28 46 19 60 6 40 18 19 22 27 27 0.99 69% 88% 55% 84% 76% 74% Renters Choice RCII NSDQ 13 64 FIN-LEASING COS 15 59 38 42 47 48 45 64 27 15 18 0.95 52% 93% 84% 83% 57% 74% Amer Homestar HSTR NSDQ 8 30 BLDG-MBL/MFG&RV 41 30 34 23 41 42 48 41 43 19 14 31 0.80 81% 75% 66% 61% 86% 74% Jack Henry Assc JKHY NSDQ 10 203 COMP-INTEGT SYS 43 31 29 30 15 32 28 21 28 36 34 0 1.25 83% 60% 57% 56% 87% 69% Day Runner Inc DAYR NSDQ 7 125 OFFICE SPPL&FRM 21 31 20 34 23 54 19 44 14 20 26 0 1.02 71% 76% 59% 69% 66% 68% Shaw Group Inc SGR NYSE 6 175 STEEL-PIPE&TUBE 13 41 39 27 58 53 33 53 41 17 10 28 0.44 60% 86% 71% 62% 54% 67% Optek Tech Inc OPTT NSDQ 10 51 ELEC MSRNG INST 18 49 48 29 -11 54 15 7 13 60 13 1.11 64% 80% 66% 55% 62% 65% Anchor Gaming SLOT NSDQ 2 200 LEISURE&REC/GMG -2 44 111 100 105 39 39 44 38 18 34 2 0.79 28% 88% 89% 87% 32% 65% Tetra Tech New WATR NSDQ 7 143 POLLUTION CNTRL 14 28 25 29 25 53 10 36 28 31 11 0 1.22 59% 71% 66% 64% 56% 63% Atmi Inc ATMI NSDQ 10 49 ELEC COMP-SEMIC -12 286 100 77 60 50 12 100 51 35 27 14 0.78 34% 99% 80% 74% 21% 62% Ifr Sys Inc IFRS NSDQ 10 51 ELEC MSRNG INST 1 73 35 57 32 56 11 15 22 16 10 0.74 47% 90% 61% 68% 36% 60% Maxwell Tech MXWL NSDQ 11 55 ELEC-MILITARY -5 65 64 60 620 35 11 4 38 14 4 0.60 25% 87% 82% 68% 29% 58% Pomeroy Comp Re PMRY NSDQ 3 169 RETA IL/WHSL CMP -8 38 31 46 22 52 30 48 17 21 0 0.69 22% 90% 66% 75% 25% 55% Cdw Comptr Ctrs CDWC NSDQ 3 169 RETA IL/WHSL CMP -14 54 31 31 36 47 43 51 48 19 29 0 0.60 16% 96% 65% 64% 19% 52% Genl Scanning GSCN NSDQ 10 90 LASERS-SYS/COMP -17 43 20 83 33 52 30 33 17 22 16 2 28% 75% 50% 76% 16% 49% - --=====================_894505312==_ Content-Type: text/plain; charset="us-ascii" Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - --=====================_894505312==_-- - - ------------------------------ Date: Wed, 06 May 1998 11:43:23 -0700 From: Tim Fisher Subject: [CANSLIM] MNMD NC MNMD has gone from 44 to 57 without a high vol breakout, new high today, good CANSLIM chars, just keeps chugging along. Any comments? NAACO (NC) is one I just picked up on my April scan, looks like it's been an insane performer, I am jealous of anyone who went along for the ride, but it's at 165 and was at 47-ish a year ago. My Q is why doesn't it split? If it did I would get in today, but I am reluctant to buy something that is "perceived" to be too expensive by the "herd." Not that that perception has stopped its like-a-bullet rise. Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 06 May 98 14:52:00 -0500 From: "Robert Gammon" Subject: [CANSLIM] The Great Boom Sometime ago, the John Hancock graphs from Harry Dent's book "The Great Boom Ahead" were posted the the WWW site at www.xmission.com/~mcjathan/canslim. I requested and received the updated copy of the graph that compares birth rates (aged to 47-49 years) to inflation adjusted stock market. The graph comes from Harry Dent's latest work "The Roaring 2000s". This time the graph is updated thru June97, and uses the DJIA instead of S&P500 as the comparison. The correlation is still extremely high even with this much maligned index. I have access to a color scanner, and can upload a new GIF to xmission if anyone is interested, Jeff???? *----------------------------------------------------------------------* Robert Gammon My opinions are my own. In no way do rgammon@micro.ti.com I represent the views of my employer Using OS/2 Warp 4.0, and a user of every version of OS/2 since v1.0 *----------------------------------------------------------------------* - - ------------------------------ Date: Wed, 6 May 1998 13:09:05 -0700 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] The Great Boom I would be very interested. How's his book? - -----Original Message----- From: Robert Gammon To: canslim@lists.xmission.com Date: Wednesday, May 06, 1998 12:54 PM Subject: [CANSLIM] The Great Boom >Sometime ago, the John Hancock graphs from Harry Dent's book >"The Great Boom Ahead" were posted the the WWW site at >www.xmission.com/~mcjathan/canslim. I requested and received >the updated copy of the graph that compares birth rates (aged >to 47-49 years) to inflation adjusted stock market. The graph >comes from Harry Dent's latest work "The Roaring 2000s". >This time the graph is updated thru June97, and uses the DJIA >instead of S&P500 as the comparison. The correlation is still >extremely high even with this much maligned index. > >I have access to a color scanner, and can upload a new GIF to >xmission if anyone is interested, Jeff???? > > >*----------------------------------------------------------------------* >Robert Gammon My opinions are my own. In no way do >rgammon@micro.ti.com I represent the views of my employer >Using OS/2 Warp 4.0, and a user of every version of OS/2 since v1.0 >*----------------------------------------------------------------------* > > > >- > > - - ------------------------------ Date: Wed, 6 May 1998 16:39:03 +0000 From: "Mike Asher" Subject: Re: [CANSLIM] April screen results Tim, Is there any way to reformat this scan? I get a jumbled up mess in Pegasus Mail. Has anyone else run into this problem? Maybe I need to try another mail program. thanks, mike - - ------------------------------ Date: Wed, 06 May 1998 20:55:29 GMT From: perinvm@ibm.net (Gui in Europe) Subject: Re: [CANSLIM] The Great Boom On Wed, 06 May 98 14:52:00 -0500, you wrote: Dent gave an audio interview at http://www.audionet.com/shows/stein/ last week. You can still hear it there, it's archived. Lasts about 90 minutes. Am also interested in the graphic BTW. Gui in Europe >Sometime ago, the John Hancock graphs from Harry Dent's book >"The Great Boom Ahead" were posted the the WWW site at=20 >www.xmission.com/~mcjathan/canslim. I requested and received >the updated copy of the graph that compares birth rates (aged >to 47-49 years) to inflation adjusted stock market. The graph >comes from Harry Dent's latest work "The Roaring 2000s". >This time the graph is updated thru June97, and uses the DJIA >instead of S&P500 as the comparison. The correlation is still >extremely high even with this much maligned index. > >I have access to a color scanner, and can upload a new GIF to >xmission if anyone is interested, Jeff???? > > >*----------------------------------------------------------------------* >Robert Gammon My opinions are my own. In no way do >rgammon@micro.ti.com I represent the views of my employer >Using OS/2 Warp 4.0, and a user of every version of OS/2 since v1.0 >*----------------------------------------------------------------------* > > > >- > - - ------------------------------ Date: Wed, 6 May 1998 19:31:03 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Adds to my watch list Guess I'm still missing your point, Tim. I just double-checked all four, and RENG has the highest mngmt ownership at 54% (KTIE not in the books so I have no data there, in case that's the one you are referring to). As to my upper limit, I would consider any mngmt ownership over about 30% or so something I take conscious note of, and weigh with many other considerations. But I won't overlook a stock that has mngmt ownership over 50%. I probably would pass on a company with 65 or 70% mngmt ownership, that's getting a little rich for my blood. Nor am I especially concerned about mngmt deciding to dump their stock en masse. The restrictive rules on how much they can sell every ninety days (of what they have owned for at least two years) combined with the potential for a class action lawsuit if they sell on "insider information" both work against this. And, as I have posted several times in the past, I have found insider selling after a sizable move up in a stock to be bullish more often than bearish. On the other hand, most mutual fund holdings, as well as most other institutional holdings, are totally unrestricted and can hit the mkt in one huge block, often tanking the stock at least temporarily. Thus, for the types of stocks I most often am looking at (small and micro caps) institutional holdings which exceed funds of 15% and banks of 8-10% are a greater cause for caution for me. Not necessarily a proper strategy for anyone other than myself, I am investing in younger cos without the committment by the institutionals, thus taking a greater risk. I am aware of that risk and willing to accept it. Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Wednesday, May 06, 1998 9:12 AM Subject: Re: [CANSLIM] Adds to my watch list And I >guess that I am afraid of stocks which have 80% of the float controlled by >management, since if they see bad things on the horizon they can sell en >masse and drive the price down - - ------------------------------ Date: Wed, 6 May 1998 19:42:46 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MRE Actually, MRE appears to deserve better than a second rate exchange like AMEX. If it were not a medical stock, might even tempt me DESPITE the AMEX listing. I don't understand the annual forecast for 98 showing a small decrease from 97 unless there were a lot of new shares issued. And the lack of management ownership at 4% (yeah, I know, I'm getting pretty bored by that whole discussion as well) would concern me enough to research the reasons. Tom W - -----Original Message----- From: Ricardo Bekin To: CANSLIM Date: Wednesday, May 06, 1998 10:27 AM Subject: [CANSLIM] MRE >Medco Research (MRE) > >haven't seen this one mentioned here before, does anyone see any problems >with it? > >(I know Tom will object to it trading at the Amex...) > >Ricardo > >P.S. I'm in. > > >- > - - ------------------------------ Date: Wed, 6 May 1998 19:48:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: On "M" World Markets I don't know if they're the "right" indicators, certainly not for a pure CANSLIM approach which looks back more than forward in assessing "M", but it is what I have been watching. On the other hand, I don't have a good, much less great, track record in being right on this outlook. Job is hectic, lots to learn, great people to work with, I am an "officer" of the bank (had to give four specimen signatures today) and found out today my title translates from the German as "assistant secretary" (I think a more literal translation might be executive asst or some such, but secretary will do). It feels good to go to work for a change, altho I miss being connected to the mkt thru out the day. At least now I know what my title is!! Tom W - -----Original Message----- From: mckeener@ix.netcom.com To: canslim@xmission.com Date: Wednesday, May 06, 1998 10:37 AM Subject: [CANSLIM] Re: On "M" World Markets >Tom, > >Thanks for your thoughts on the market. I am also concerned with the fewer numbers of new highs >and advnaces in both the NYSE and NASDAQ. Seeing you confirm this means I'm looking at the right >indicators. > >How's the new job? > >Regards, >Mary Keener > > - - ------------------------------ Date: Wed, 6 May 1998 19:48:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: On "M" World Markets I don't know if they're the "right" indicators, certainly not for a pure CANSLIM approach which looks back more than forward in assessing "M", but it is what I have been watching. On the other hand, I don't have a good, much less great, track record in being right on this outlook. Job is hectic, lots to learn, great people to work with, I am an "officer" of the bank (had to give four specimen signatures today) and found out today my title translates from the German as "assistant secretary" (I think a more literal translation might be executive asst or some such, but secretary will do). It feels good to go to work for a change, altho I miss being connected to the mkt thru out the day. At least now I know what my title is!! Tom W - -----Original Message----- From: mckeener@ix.netcom.com To: canslim@xmission.com Date: Wednesday, May 06, 1998 10:37 AM Subject: [CANSLIM] Re: On "M" World Markets >Tom, > >Thanks for your thoughts on the market. I am also concerned with the fewer numbers of new highs >and advnaces in both the NYSE and NASDAQ. Seeing you confirm this means I'm looking at the right >indicators. > >How's the new job? > >Regards, >Mary Keener > > - - ------------------------------ Date: Wed, 6 May 1998 20:11:57 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] HIBB HIBB looked good today. Great pick of late Tom, I'm in TSCP, and MDLK looks like it wants to explode. I'm getting much better at narrowing my picks down at a glance of the chart, after looking at the "nature" of the chart you are picking. Your efforts are appreciated. Tony - - ------------------------------ Date: Wed, 06 May 1998 20:18:13 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF to watch. Members-- From a source different from my morning run, I have two stocks that meet OBV/MF criteria. BPP: On a 3-mos BC chart, there is a positive OBV/MF divergence that is between 6-7 weeks old. SHFL: On a 3-mos chart, there is a positive OBV/MF divergence almost two months old. That there is a positive divergence does not mean that either is a buy. In fact, neither is ready. For an entry point, you must use the EMA of whatever settings you think reasonable. Unless the OBV/MF deteriorates, these will be strong purchases. Last week I opened a cash brokerage account and gave my teenage nephew a thousand dollars to play in the market. But before I did this, I had tutored him in a little reading of the CNBC ticker, chart reading, and my OBV/MF/EMA system. Nothing too tough so as to scare him away. I have let him watch me during the day whenever he wanted to. No pressure. He made all the moves. He paper traded for four months. When we both agreed that he had done his homework, I wanted him to get used to the feel of a thousand dollars. We went to the bank and opened an account. I withdrew the money from my account in hundreds, put them in his hand, and asked him to take the money home and keep it for a week. I wanted him to get a sense of what a thousand dollars "is." He frequently would bring me the money and tell me what a thousand dollars would buy. Monday, he put the money in his account, and Tuesday I pulled out a few stocks that might interest him. He chose a penny stock, MTCH, and bought $250 worth--over 8000 shares. The number seemed enormous to him At the end of today's trading, he has made a few dollars. I tell you this, for it is the way my father introduced me to the market. Connie Mack Connie Mack - - ------------------------------ Date: Tue, 5 May 1998 20:33:26 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HIBB Thanks, Tony. Tom W - -----Original Message----- From: Tony Austin To: canslim@lists.xmission.com Date: Wednesday, May 06, 1998 8:09 PM Subject: Re: [CANSLIM] HIBB > >HIBB looked good today. Great pick of late Tom, I'm in TSCP, and MDLK >looks like it wants to explode. > >I'm getting much better at narrowing my picks down at a glance of the >chart, after looking at the "nature" of the chart you are picking. > >Your efforts are appreciated. > >Tony > >- > - - ------------------------------ Date: Wed, 6 May 1998 18:18:27 -0700 (PDT) From: Rich Subject: [CANSLIM] Fwd: DG Online - ---2131475428-1141662977-894503907=:13281 Content-Type: text/plain; charset=us-ascii Content-Disposition: inline note: forwarded msg attached. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - ---2131475428-1141662977-894503907=:13281 Content-Type: message/rfc822 Return-Path: Received: from mailgate22-hme0.a001.sprintmail.com (HELO mailgate22.a001.sprintmail.com) (205.137.196.54) by mta-pc6.yahoomail.com with SMTP; 6 May 1998 15:54:33 -0700 Received: by mailgate22.a001.sprintmail.com (SMI-8.6/SMI-SVR4) id PAA09161; Wed, 6 May 1998 15:54:34 -0700 X-Complaints-To: abuse@sprintmail.com Received: from sdn-ts-004camdrep14.dialsprint.net(206.133.249.81) by mailfep3-hme1 via dsmap-1.22 id Q_10.1.1.8/Q_18501_1_3550ea1b; Wed, 6 May 1998 15:54:20 -0700 Received: by localhost with Microsoft MAPI; Wed, 6 May 1998 15:52:19 -0700 Message-ID: <01BD7906.F332CF80.dgadmin@dailygraphs.com> From: DG Admin To: "'rolatzi@yahoo.com'" Subject: DG Online Date: Wed, 6 May 1998 15:51:59 -0700 X-Mailer: Microsoft Internet E-mail/MAPI - 8.0.0.4211 MIME-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Content-Length: 378 Dear Mr. Mandel: We are in receipt of your emails and your letter. Thank you for Beta testing and for your comments/suggestions we appreciate them! At this time we are offering discounted pricing only to those who subscribe to the Daily Graphs printed products. However, we will definitely consider your proposal at a later time. Thank you, Garo Mansourian Manager - ---2131475428-1141662977-894503907=:13281-- - - ------------------------------ Date: Wed, 06 May 1998 18:34:37 -0700 From: Tim Fisher Subject: Re: [CANSLIM] April screen results It was attached as MIME format tab-delimited text. I think that however I did it, it won't get any better. At 04:39 PM 5/6/98 +0000, you wrote: >Tim, > >Is there any way to reformat this scan? I get a jumbled up mess in >Pegasus Mail. Has anyone else run into this problem? Maybe I need to >try another mail program. > >thanks, >mike > 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, 06 May 1998 22:22:57 -0400 From: Carter Diggs Subject: [CANSLIM] Tom Worley post on how long to wait for 20% I just spent about an hour (sans success) trying to find a post of Tom Worley's of a week or more ago in which he talks about the applicability of WONs 20% rule to current conditions..or something to that effect. Tom, can you repost? Thanks. "Wet behind the ears newbie lurker" - - ------------------------------ Date: Wed, 06 May 1998 22:31:34 -0400 From: Al French Subject: [CANSLIM] NRVH; Near breakout? NRVH is completing a 3-month cup formation on volume and I think it may be poised for a breakout. C = 103%; 169% previous quarter A = 5yr growth rate 31%; EPS 98 N = $1 off new high; acquisitions accretive to earnings S = 7.3 shares; 4.1 float; 142,000 ADV L = RS 95; A leader in RecVee industry (DG); IBD NASDAQ leaders' list today I = Funds 13%; Banks 5%; Mgt 44% M = ? Timeliness A; A/D A; GRS 79; u/d 1.2; PE 16 (typical for RV industry); PEE 14. Sales growth last quarter was weak, but management predicts strong future sales based on currrent order rates. On the other hand, management wasn't too swift, IMHO, buying a Lear Jet. At least it shows they have confidence in the future. ;-) It looks to me like MF, OBV, SloSto, RSI, MACD, BOP, TSV, MA50 all confirm, but I"m no expert on the art of TA. I jumped in today, although nervous about "M." But with NRVH going up strong on 170% volume, while the markets were headed down, I was more worried that another one would get away than about reversal or resistance. I do plan to keep a tight stop. What do y'all think? Al French - - ------------------------------ Date: Wed, 6 May 1998 19:46:05 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] April screen results > From: "Mike Asher" > To: canslim@lists.xmission.com > Is there any way to reformat this scan? I get a jumbled up mess in > Pegasus Mail. Has anyone else run into this problem? Maybe I need to > try another mail program. I've had that problem with Pegasus, try changing the font to Courier. If you are using that already, I don't have any other ideas. - - ------------------------------ Date: Wed, 6 May 1998 00:13:03 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Tom Worley post on how long to wait for 20% When you're as old as I am, memory is the first to go. Can't even vaguely recall what I said, and flipped thru my e-files without finding it either, so I must not have considered it noteworthy. Essentially, what I understand WON to say (and mean) is that you should sell a stock when you are up 20%, unless it reaches this level in less than eight weeks, in which case you should hold it for at least 8 weeks. In practice, I understand him to be "preaching" to a wide spectrum of investor experience, and recognizes the importance of building up some portfolio profits, and confidence in CANSLIM and its applications, to protect against the losses that will eventually happen. Nothing sacred about 20%, could just have easily said 31% or 19% or 23%, however if you are right only once in three picks, and use an 8% stop loss and take profits on up 20%, you theoritically net a profit (minus 8% plus another minus 8% plus a positive 20% for a theoretical 4% gain overall). This is an easy story to sell, "you only have to be right once in three attempts . . .". On the other hand, this approach was constructed some years ago, when market volatility was nothing like today, nor were there as many small float, thinly traded stocks, or such wild rides as the internet stocks, or KTEL, or many others we have been seeing. Five years ago, it was far more difficult to find a stock capable of moving 20% in 8 weeks, thus, when one did that it was likely a stellar performer (if it did it strictly on technical grounds and not on one-time news). Today, it's a question of whether you can catch one in time to do 20% that same week, or better still the same day you buy it. I bot EPIQ right, held thru one failed breakout and correction, then rode it to a 70% gain in 7 weeks. Had it not been for my concern over the chance of failed talks in Baghdad, likely I would have had a double in just under 8 weeks. But once it started moving, it gave me little reason to sell. When I did sell for a 70% gain in 7 weeks, it was due to external conditions, not the stock's performance, which is the best single guide IMO as to when to sell. I am still holding EDAC, now up 30% in about 6 weeks, as it has been moving nice and steady even tho I was hesitant about the possibility of it backing off while my accts are in transfer. I sold HDWY because my accts would be in transfer, had nearly a 20% profit, already rode it thru one correction, and didn't like all the volatility. One was moving nicely, one was a roller coaster, at least on a day to day basis. I support the concept at taking profits at a plus 20% point if you need to establish some profits as a buffer; need to build (or rebuild) your confidence that CANSLIM can work for you; or if the stock has simply moved too fast and looks likely to fail. The one absolute rule I have on taking profits is to sell at least half at the first sign of weakness once I am up 100% or more. This way I take my original capital off the table at a minimum, and if I only sell half, I have a net cost basis of what I still own of zero or even negative. But whether I sell for a 20% profit, 100% profit, or 5% profit, I am learning to not try to be smarter than the stock (and the rest of the market) and tell the stock where it "should" go. Thus, any "target" I may mentally set is purely theoretical, and often at the 20% level. Rather, I try to let the stock tell me when to let go. Ego and intellect can really screw up an otherwise smart trade (witness MSON and SOCR). Even tho I truly tried to hold EPIQ for at least 8 weeks, in part to test this rule, there is no way I would continue to hold a stock simply to meet an 8 week rule if other indicators told me to sell now. Another personal rule I have started following is that when the profits are such that I am happy with it, and with my decision to buy the stock in the first place, then take profits and forget about the chance it may go far higher. I wasn't always this accepting and easy going, if I sold a stock for a gain or a loss one day for all the right reasons, but then in a day or so it suddenly took off, I would beat myself up saying "why didn't I see this happening, how could I be so stupid??". In the past six months or so, I have had several stocks move well beyond where I sold them, and was happy with the profits at the time. I'm proud that I no longer beat myself up for selling "too soon". Sure, the added profits would be nice, but I was happy with what I had already made, and could vocalize my reasons for selling based on what I knew and could see at the time. I have admitted I am powerless over the market, guess that was the first step for me in dealing with my need to always be right. For me, I think I have found the right "rhythm" of the market that works for me and meets my comfort level. That's all and then some that I can ask of CANSLIM. Tom W - -----Original Message----- From: Carter Diggs To: canslim-digest@lists.xmission.com Date: Wednesday, May 06, 1998 10:18 PM Subject: [CANSLIM] Tom Worley post on how long to wait for 20% >I just spent about an hour (sans success) trying to find a post of Tom >Worley's of a week or more ago in which he talks about the applicability >of WONs 20% rule to current conditions..or something to that effect. >Tom, can you repost? > >Thanks. > >"Wet behind the ears newbie lurker" > > >- > - - ------------------------------ Date: Wed, 6 May 1998 00:21:45 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] NRVH; Near breakout? Al, excellent presentation of a nice snapshot look at a stock. Good example for all members, starting with myself. I too noted the apparent slowdown in both revs and earnings in the latest qtr compared to the prior qtr and its historic progress. I also noted that 1997 was an easy year for "year to year" qtrly comparisons. 1998 will be far more difficult for comparison, and if the economy slows (or public sentiment drops) fewer people will be willing or able to spend big bucks on an RV. This could complicate the comparison picture, esp if shareholders are expecting them to continue (or return to) 100% gains. Aside from this, it does look quite good. Hope it works out. Tom W - -----Original Message----- From: Al French To: CANSLIM@lists.xmission.com Date: Wednesday, May 06, 1998 10:29 PM Subject: [CANSLIM] NRVH; Near breakout? >NRVH is completing a 3-month cup formation on volume and I think it may >be poised for a breakout. > >C = 103%; 169% previous quarter >A = 5yr growth rate 31%; EPS 98 >N = $1 off new high; acquisitions accretive to earnings >S = 7.3 shares; 4.1 float; 142,000 ADV >L = RS 95; A leader in RecVee industry (DG); IBD NASDAQ leaders' list >today >I = Funds 13%; Banks 5%; Mgt 44% >M = ? > >Timeliness A; A/D A; GRS 79; u/d 1.2; PE 16 (typical for RV industry); >PEE 14. > >Sales growth last quarter was weak, but management predicts strong >future sales based on currrent order rates. On the other hand, >management wasn't too swift, IMHO, buying a Lear Jet. At least it shows >they have confidence in the future. ;-) > >It looks to me like MF, OBV, SloSto, RSI, MACD, BOP, TSV, MA50 all >confirm, but I"m no expert on the art of TA. > >I jumped in today, although nervous about "M." But with NRVH going up >strong on 170% volume, while the markets were headed down, I was more >worried that another one would get away than about reversal or >resistance. I do plan to keep a tight stop. > >What do y'all think? > >Al French > > > > > > >- > - - ------------------------------ Date: Wed, 06 May 1998 23:38:20 -0500 From: Paganini Subject: [CANSLIM] Question This is a cryptographically signed message in MIME format. - --------------ms58AB477178041482B265A5A6 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit has anyone looked at the returns of CANSLIM method versus others? Such as the way Warren Buffet invests? After all, he is the greatest investor of all times, earning about 23% annual compounded rate over 30 years and he does it by avoiding trading in the short term, thus avoiding tax consequences as well, which will eat away at a lot of the earnings over time if there is a high turnover rate in the portfolio. I think CANSLIM works for short term trading but it's not very consistent in terms of predicting the performance over a long period of time because of the "M" factor. We haven't had a REAL bear market since 1973, where stocks on average declined more than 50% over 2-3 years. And with the market at current levels, any type of economic trouble will cause a lot of fear with investors/traders which can be dangerous given the level of gains we have already, which is way, way above any rational value. Also, WON has mentioned that toward the end of a bull market, there will be stocks that really have no fundamental value and they are also moving up as well. A look at Dailygraphs show it very clearly. There are so many stocks with ZERO value and the only reason for them to move up at all is "possibility" of improve earnings, it's becoming a lot more speculative than it is fundamental (which also occurs at the end of the bull market). What do you guys thinka bout that? 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