From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #231 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 Saturday, May 9 1998 Volume 02 : Number 231 In this issue: Re: [CANSLIM] RENG (was Adds to my watch list) [CANSLIM] Media Airhead Commentators [CANSLIM] NY Law Journal - online investing article [CANSLIM] DGO, & Welcome to all the new members [CANSLIM] BEIQ Re: [CANSLIM] BEIQ [CANSLIM] Quotes Plus Re: [CANSLIM] BEIQ Re: [CANSLIM] Quotes Plus Re: [CANSLIM] BEIQ Re: [CANSLIM] BEIQ Re: [CANSLIM] DGO, & Welcome to all the new members Re: [CANSLIM] DGO, & Welcome to all the new members Re: [CANSLIM] BEIQ Re: [CANSLIM] Media Airhead Commentators Re: [CANSLIM] Media Airhead Commentators Re: [CANSLIM] Quotes Plus Re: [CANSLIM] BEIQ [CANSLIM] KTIE, NEWH, RENG, SNHY Re: [CANSLIM] KTIE, NEWH, RENG, SNHY [CANSLIM] TC2000, DG, & Quotes Plus Re: [CANSLIM] KTEL [CANSLIM] EMA and Beta ---------------------------------------------------------------------- Date: Thu, 7 May 1998 20:46:36 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RENG (was Adds to my watch list) I must have misunderstood your original question. I thought you were saying they had not been profitable for the past 8 qtrs, which they had. But I gather you are rather referring to the year to year comparisons of earnings ( a valid point, BTW), which were down on a net per share basis except for the latest qtr (with the March Q4 qtr yet to be reported). What I have gathered from the SEC filings is that they have been fully taxed during this fiscal year ending Mar 98, compared to using their tax loss carryforwards during the prior fiscal year. Net operating profits before taxes were, I believe, positive on comparison, and only went negative on an after tax basis because of the different tax treatment. Still, it's a valid point that I had not fully researched when I first posted mention of this one, and must look at further. Tom W - -----Original Message----- From: Ari Lawson To: canslim@lists.xmission.com Date: Friday, May 08, 1998 8:31 AM Subject: Re: [CANSLIM] RENG (was Adds to my watch list) >Tom i'm looking at DGO,RENG doesn't show 8 possitive quarters. > > >- > - - ------------------------------ Date: Thu, 7 May 1998 21:27:37 -0400 From: "Tom Worley" Subject: [CANSLIM] Media Airhead Commentators I should just love the people that write up the general mkt commentary. Just yesterday, much of the stuff that is emailed to me was saying things like the mkt continues downward because of investor's fears that the Feds may raise interest rates at the May meeting, while today, with the mkt up sharply and following the much feared employment report, the commentaries were saying things like "today's report confirmed the expectation that the Feds would not change the interest rates in the May meeting". Now, I may just be a simple kind of guy, but even to me that sure sounds like the media talking out of at least both sides of their mouth. Can we all say together, "tainted, biased, unsubstantiated, opinionated, mindless, meaningless, uninformed, whipsawed, not got a clue, moronic, etc". Do they really think we are so forgetful that we can't remember what they were saying just yesterday?? Maybe, now that I am no longer regulated, it's time for me to develop a system of measuring media commentators and analysts against some kind of standard, and posting the results. The hypocrisy in this segment of the industry really disgusts me. Tom W - - ------------------------------ Date: Fri, 8 May 1998 20:23:18 -0600 From: "Kent Horne" Subject: [CANSLIM] NY Law Journal - online investing article This is a multi-part message in MIME format. - ------=_NextPart_000_0014_01BD7ABF.234C7F40 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0015_01BD7ABF.234C7F40" - ------=_NextPart_001_0015_01BD7ABF.234C7F40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable New York Law Journal article on demands of on line investors at this url = FYI. kent http://www.ljextra.com/finance/050798s2.htm - ------=_NextPart_001_0015_01BD7ABF.234C7F40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

New York Law Journal article on demands of on line investors at this url FYI. =20 kent


http://www.ljextra.c= om/finance/050798s2.htm - ------=_NextPart_001_0015_01BD7ABF.234C7F40-- - ------=_NextPart_000_0014_01BD7ABF.234C7F40 Content-Type: application/octet-stream; name="PERSONAL FINANCE.url" Content-Transfer-Encoding: 7bit Content-Disposition: attachment; filename="PERSONAL FINANCE.url" [InternetShortcut] URL=http://www.ljextra.com/finance/050798s2.htm Modified=E01B0AD9F07ABD0106 - ------=_NextPart_000_0014_01BD7ABF.234C7F40-- - - ------------------------------ Date: Fri, 8 May 1998 21:29:50 -0500 From: "Joe Scott" Subject: [CANSLIM] DGO, & Welcome to all the new members This is a multi-part message in MIME format. - ------=_NextPart_000_0196_01BD7AC8.6E9BE400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I wanted to welcome all the new members, and apologize for not welcoming = you all individually, but "oh well". I'm going to hate losing Daily Graphs Online, but I can't bring myself = to pay those high prices for the limited service that they are offering = us. I have been using Quotes Plus, which has many more options. More = actually than I know how to use, or understand. I do like the option of = the candlesticks, and changing, and adding multiple moving averages. It = has several features that are handy. Displaying the open, close, high, low and volume of any day viewed on = the chart by clicking on that day of the graph is a nice feature of = Quotes Plus. Don't get me wrong there are some features of DGO that I will miss. The = ease of putting in symbols to bring up the chart is much easier than = with Quotes Plus, and DGO gives me the all the information, quickly to = sort out CANSLIM candidates, and I do like the look of the chart its = easy to read.=20 Oh well, I know I'm going to be spending much more time with this = program (Quotes Plus) trying to learn to use it more easily, and = efficently. I think I will call TeleChart 2000 Monday, and find out what there = service costs per month, they seem to have a complicated pricing plan, = or at least they confuse me with there ad in IBD.=20 Thats not unusual though, I am easily confused.=20 don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_0196_01BD7AC8.6E9BE400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I wanted to welcome all the new members, and = apologize=20 for not welcoming you all individually, but "oh = well".
 
I'm going to hate losing Daily Graphs Online, = but I=20 can't bring myself to pay those high prices for the limited service that = they=20 are offering us.
I have been using Quotes Plus, which has many = more=20 options. More actually than I know how to use, or understand. I do like = the=20 option of the candlesticks, and changing, and adding multiple moving = averages.=20 It has several features that are handy.
Displaying the open, close, high, low = and volume=20 of any day viewed on the chart by clicking on that day of the graph is a = nice=20 feature of Quotes Plus.
Don't get me wrong there are some = features of=20 DGO that I will miss.  The ease of putting in symbols to bring up = the chart=20 is much easier than with Quotes Plus, and DGO gives me the all the = information,=20 quickly to sort out CANSLIM candidates, and I do like the look of the = chart its=20 easy to read.
 
Oh well, I know I'm going to be spending much more time with this = program=20 (Quotes Plus) trying to learn to use it more easily, and = efficently.
 
I think I will call TeleChart  2000 Monday, and find out what = there=20 service costs per month, they seem to have a complicated pricing plan, = or at=20 least they confuse me with there ad in IBD.
Thats not unusual though, I am easily confused.
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_0196_01BD7AC8.6E9BE400-- - - ------------------------------ Date: Fri, 8 May 1998 23:23:26 -0400 From: "bamend" Subject: [CANSLIM] BEIQ Anyone following BEIQ? It looks like it may be ready to buy. Bob Amend - - ------------------------------ Date: Sat, 09 May 1998 10:43:38 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] BEIQ Less than ideal RS, and poor earnings. Why would you even consider it? At 11:23 PM 5/8/98 -0400, you wrote: >Anyone following BEIQ? It looks like it may be ready to buy. > >Bob Amend > > >- > Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Fri, 8 May 1998 22:56:20 -0500 From: "Joe Scott" Subject: [CANSLIM] Quotes Plus This is a multi-part message in MIME format. - ------=_NextPart_000_01BD_01BD7AD4.83E7BDA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable For those of you that use DGO, I found out tonight on Quotes Plus site,=20 http://www.quotes-plus.com/rel20.htm that they are going to update to version 2.0 soon, I sent an e-mail = asking how soon, will let anyone know who might be interested. Here are some new features which will really help. It might not hurt so bad to do without DGO, and it looks like this is = the last weekend of freebies. New features include:=20 a.. Mutual fund prices from 1/1/1990 are now available.=20 b.. Equity prices from 1/1/1992, some from 1/1/1990 are available.=20 c.. Includes 40 fundamental data items from Market Guide Inc. These = include:=20 d.. 12 quarters earnings=20 e.. 12 quarters sales=20 f.. A short description of the companies=20 g.. Analyst footnotes=20 h.. Float=20 i.. EPS less extraordinary items=20 j.. Book value, latest quarter=20 k.. Revenue per share TTM=20 l.. Institutional percentage held=20 m.. Beta=20 n.. 1, 3 and 5 year EPS growth rate=20 o.. 1, 3 and 5 year revenue growth rate=20 p.. Short interest current month=20 q.. Shares outstanding=20 r.. Price to sales ratio This service is updated every evening around 7:30, you can use an auto = update (easy) 15.95 per month, or over the web (little more difficult) = about 13.00 per month. =20 Not trying to be a salesman for Quotes Plus here, just thought might = help. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/
For those of you that use DGO,
 
I found out tonight on Quotes Plus site, =
http://www.quotes-plus.com/= rel20.htm
that they are going to update to version 2.0 = soon, I=20 sent an e-mail asking how soon, will let anyone know who might be=20 interested.
Here are some new features which will really=20 help.
It might not hurt so bad to do without = DGO, and=20 it looks like this is the last weekend of freebies.
 

New features include:=20

  • Mutual fund prices from 1/1/1990 are now available.=20
  • Equity prices from 1/1/1992, some from 1/1/1990 are available.=20
  • Includes 40 fundamental data items from Market Guide Inc. These = include:=20
  • 12 quarters earnings=20
  • 12 quarters sales=20
  • A short description of the companies=20
  • Analyst footnotes=20
  • Float=20
  • EPS less extraordinary items=20
  • Book value, latest quarter=20
  • Revenue per share TTM=20
  • Institutional percentage held=20
  • Beta=20
  • 1, 3 and 5 year EPS growth rate=20
  • 1, 3 and 5 year revenue growth rate=20
  • Short interest current month=20
  • Shares outstanding=20
  • Price to sales = ratio
This service is updated every evening around = 7:30, you=20 can use an auto update (easy) 15.95 per month, or over the web (little = more=20 difficult) about 13.00 per month. 
Not trying to be a salesman for Quotes = Plus=20 here, just thought might help.
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/ &n= bsp;=20 <site has had a total facelift, still not finished=20 tho..
 - ------=_NextPart_000_01BD_01BD7AD4.83E7BDA0-- - - ------------------------------ Date: Fri, 8 May 1998 23:07:36 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] BEIQ This is a multi-part message in MIME format. - ------=_NextPart_000_01CD_01BD7AD6.16F9C6A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I agree with the poor earnings,=20 but 87 on RS doesn't look "less than ideal" to me. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_01CD_01BD7AD6.16F9C6A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I agree with the poor earnings,
but 87 on RS doesn't look "less than = ideal"=20 to me.
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_01CD_01BD7AD6.16F9C6A0-- - - ------------------------------ Date: Sat, 09 May 1998 11:41:36 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] Quotes Plus I am a beta tester of Quotes Plus 2.0. Below is a repost of a message I= sent some time ago. I would like to suggest users of Daily Graphs Online that are put off by the pricing, think about trying out Quotes Plus. I am a beta tester of version= 2, which should be out shortly. This new version gives you five years price and volume data on all stocks, mutual funds, and commodities. You can calculate their version of relative strength, which is close enough to Daily Graphs= for my purposes. You can create reports showing the relative performance of all= of the S&P industry groups for various time periods. They also now include extensive fundamental data, updated weekly, on all stocks. This data= includes the following items: Company Description=20 Price to Sales Ratio=20 Industry Group=20 Industry Sector=20 Issue Type=20 S&P Ranking=20 Market Capitalization=20 Annual Dividend=20 Yield=20 Options=20 Book Value=20 Beta=20 Trailing 12 mo. Revenue per Share=20 1, 3, & 5 Year Revenue Growth Rate=20 1, 3, & 5 Year Earnings Growth Rate=20 Earnings & Revenues per Share for Past 12 Quarters=20 Dividends Paid=20 P/E=20 Float=20 Shares Outstanding=20 Float as % of Shares Outstanding=20 Short Interest=20 Short Interest as % of Float=20 Institutional % Held This is about all I need for my decision making. If I need additional information, I can usually find it fairly quickly on the Internet. Best of= all you can create sophisticated scans on all of this data. I don't know what= the pricing will be for version 2, but the current version is is just 12.95 a month. I think it is a fantastic service, and recommend it without reservation. No.. I'm not affiliated with Quotes Plus; just a happy customer. At 10:56 PM 5/8/98 -0500, you wrote:=20 > > For those of you that use DGO, > =A0 > I found out tonight on Quotes Plus site,=20 > http://www.quotes-plus.com/rel20.htm > that they are going to update to version 2.0 soon, I sent an e-mail asking > how soon, will let anyone know who might be interested. > Here are some new features which will really help. > It might not hurt so bad to do without DGO, and it looks like this is the > last weekend of freebies. > =A0 > > New features include:=20 > * Mutual fund prices from 1/1/1990 are now available.=20 > * Equity prices from 1/1/1992, some from 1/1/1990 are available.=20 > * Includes 40 fundamental data items from Market Guide Inc. These include:=20 > * 12 quarters earnings=20 > * 12 quarters sales=20 > * A short description of the companies=20 > * Analyst footnotes=20 > * Float=20 > * EPS less extraordinary items=20 > * Book value, latest quarter=20 > * Revenue per share TTM=20 > * Institutional percentage held=20 > * Beta=20 > * 1, 3 and 5 year EPS growth rate=20 > * 1, 3 and 5 year revenue growth rate=20 > * Short interest current month=20 > * Shares outstanding=20 > * Price to sales ratio=20 > This service is updated every evening around 7:30, you can use an auto update > (easy) 15.95 per month, or over the web (little more difficult) about= 13.00 > per month.=A0=20 > Not trying to be a salesman for Quotes Plus here, just thought might help. > =A0 > don't know a thing > joe > =A0 > joe@2fords.net > http://www.2fords.net/joe/=A0=A0 total facelift, still not finished tho.. Peter Christiansen=20 Chiang Mai - Thailand=20 - - ------------------------------ Date: Sat, 09 May 1998 11:42:15 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] BEIQ I don't know what DGO reports, but I use Quotes Plus 2.0. It shows the RS= as less than 80 for the past two months. At 11:07 PM 5/8/98 -0500, you wrote:=20 > > I agree with the poor earnings,=20 > but 87 on RS doesn't look "less than ideal" to me. > =A0 > don't know a thing > joe > =A0 > joe@2fords.net > http://www.2fords.net/joe/ Peter Christiansen=20 Chiang Mai - Thailand=20 - - ------------------------------ Date: Sat, 09 May 1998 05:10:42 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] BEIQ DGO has it listed 36 EPS, 87 RS. Dan On Sat, 09 May 1998 10:43:38 +0000, you wrote: :Less than ideal RS, and poor earnings. Why would you even consider it? : :At 11:23 PM 5/8/98 -0400, you wrote: :>Anyone following BEIQ? It looks like it may be ready to buy. :> :>Bob Amend :> :> :>- :>=20 : :Peter Christiansen=20 :Chiang Mai - Thailand=20 : :- - - ------------------------------ Date: Sat, 9 May 1998 08:00:26 +0000 From: "Mike Asher" Subject: Re: [CANSLIM] DGO, & Welcome to all the new members Joe and all, I've been using Quotes Plus for a couple of years. I've never DGO so I can't compare. The data is not put on the net till 8:00 - 9:00. It's very easy to download. Just press "GO" button. Gary is supposed to make the data available earlier soon. A couple of keyboard shorcuts........Spacebar inputs new symbol......"F" key brings up fundementals......"W" and "D" key toggle between weekly and daily.....Once your scan is complete, Hit the "list" icon and toggle through all selections with arrow keys.....searches can be done with "chart" icon (on far left) by name, industry group,SIC,etc. I do all of my initial chart screening with QP. Once you get all programmed screens set up it is very fast. mike - - ------------------------------ Date: Fri, 8 May 1998 08:50:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DGO, & Welcome to all the new members Good reminder to all that it's your last chance to print off your favorite DGO charts. I plan to spend a lot of time reviewing lists and printing this weekend. What I did in the meantime, till the Board of Directors has time to respond to my email, is to take the Trial package of the printed DG (now for four weeks for $43 including s&h). That will at least buy me some time. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Friday, May 08, 1998 10:26 PM Subject: [CANSLIM] DGO, & Welcome to all the new members I'm going to hate losing Daily Graphs Online, but I can't bring myself to pay those high prices for the limited service that they are offering us. I have been using Quotes Plus, which has many more options. More actually than I know how to use, or understand. I do like the option of the candlesticks, and changing, and adding multiple moving averages. It has several features that are handy. Displaying the open, close, high, low and volume of any day viewed on the chart by clicking on that day of the graph is a nice feature of Quotes Plus. Don't get me wrong there are some features of DGO that I will miss. The ease of putting in symbols to bring up the chart is much easier than with Quotes Plus, and DGO gives me the all the information, quickly to sort out CANSLIM candidates, and I do like the look of the chart its easy to read. - - ------------------------------ Date: Fri, 8 May 1998 09:05:37 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BEIQ I would have to agree with the other comments. EPS rating at 36 is just too low, even allowing for the fact that there are only two years of data being considered. Over the four most recent qtrs, earnings dropped from 17 cents to 11 cents, with the latest (Q2) qtr reporting a 21% drop as well on a year to year comparison. During this same time period sales increased from $26.8 mil to $30.9mil, so can't blame that on slumping sales. If the drop was due to the issuance of addl shares, then that action (whether done to raise cash or do acquisitions) doesn't appear to have made much difference on overall revenues, and only hurt earnings. The chart looks promising, but it takes a lot more than that to be CANSLIM. Tom W - -----Original Message----- From: bamend To: Canslim xmission Date: Friday, May 08, 1998 11:21 PM Subject: [CANSLIM] BEIQ >Anyone following BEIQ? It looks like it may be ready to buy. > >Bob Amend > > >- > - - ------------------------------ Date: Sat, 09 May 1998 09:39:50 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Media Airhead Commentators 90's Style Journalism! Headlineccentric! An era where rumors are heralded and facts are ignored! Accountability? Nah, don't have to. I'm sure there is something or body we can blame it on. Reminds me of the Dilbert screensaver cartoon I saw Tuesday while working on a fellow employees laptop. "You misunderstood me. I didn't say you did it! I said I was going to blame it on you!" Frank Wolynski At 21:27 5/7/98 -0400, Tom Worley wrote: >I should just love the people that write up the general mkt >commentary. Just yesterday, much of the stuff that is emailed to me >was saying things like the mkt continues downward because of >investor's fears that the Feds may raise interest rates at the May >meeting, while today, with the mkt up sharply and following the much >feared employment report, the commentaries were saying things like >"today's report confirmed the expectation that the Feds would not >change the interest rates in the May meeting". Now, I may just be a >simple kind of guy, but even to me that sure sounds like the media >talking out of at least both sides of their mouth. Can we all say >together, "tainted, biased, unsubstantiated, opinionated, mindless, >meaningless, uninformed, whipsawed, not got a clue, moronic, etc". Do >they really think we are so forgetful that we can't remember what they >were saying just yesterday?? > >Maybe, now that I am no longer regulated, it's time for me to develop >a system of measuring media commentators and analysts against some >kind of standard, and posting the results. The hypocrisy in this >segment of the industry really disgusts me. > >Tom W > > > >- > > - - ------------------------------ Date: Sat, 09 May 1998 06:44:32 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Media Airhead Commentators Yeah, I love to print those Infobeat announcements and use them for toilet paper. And as for forgetting about what they said yesterday, how about what they said this morning? They routinely contradict themselves between the morning and afternoon mailings! Hilariuosly good entertainment. Two thumbs up for comedy. At 09:27 PM 5/7/98 -0400, you wrote: >I should just love the people that write up the general mkt >commentary. Just yesterday, much of the stuff that is emailed to me >was saying things like the mkt continues downward because of >investor's fears that the Feds may raise interest rates at the May >meeting, while today, with the mkt up sharply and following the much >feared employment report, the commentaries were saying things like >"today's report confirmed the expectation that the Feds would not >change the interest rates in the May meeting". Now, I may just be a >simple kind of guy, but even to me that sure sounds like the media >talking out of at least both sides of their mouth. Can we all say >together, "tainted, biased, unsubstantiated, opinionated, mindless, >meaningless, uninformed, whipsawed, not got a clue, moronic, etc". Do >they really think we are so forgetful that we can't remember what they >were saying just yesterday?? > >Maybe, now that I am no longer regulated, it's time for me to develop >a system of measuring media commentators and analysts against some >kind of standard, and posting the results. The hypocrisy in this >segment of the industry really disgusts me. > >Tom W > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sat, 09 May 1998 10:13:32 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Quotes Plus Joe and Mike and Peter and All, Mike wrote that he uses and likes it. I agree, also having subscribed for a couple of years. For some reason I find it easier to type an "E" for a new chart than to hit the spacebar - both work. Otherwise, sounds like I use the keyboard in much the same way Mike does. Joe wrote: >>This service is updated every evening around 7:30, you can use an auto update (easy) 15.95 per month, or over the web (little more difficult) about 13.00 per month. << This was a quote from the Quotes Plus web info. A couple of points: 1. The update is around 7:30 central time in my experience. Here on the east coast I usually find the data on the web site between 8:00pm and 9:00pm. I see that Mike has received a report from Gary (owner of QP apparently) that the timing will improve soon. 2. Web updates are really simple. Just click on the current date on the web site update page. The data downloads to your QP directory. Then click on the "Update Quotes Plus" program on your computer and the update runs. Two simple steps. The only difference for the dial up is that the update program starts running automatically. (There is a one time setup step for your browser. Just go to a configuration page and type in an entry (they give you the instructions). This entry tells your browser to always save the QP data file (rather than prompting you with a "Save or Run" each night)). PS. I am not a beta tester for version 2 and can't wait to see it. PPS. Someone said that they found the DG graphs easier to read - I don't. I prefer the QP charts because of their semi-log nature. I set up an 8% log chart and can immediately see things like: the price at which a breakout will become extended, or is there any support near where I might set my stop. Without log charts, I can't as easily determine when a stock is wide and loose. Sometimes a stock will appear to be a bit loose in price action, but put it on a 10% log and it becomes clear whether it is or not. I also prefer the ability to see up volume in green and down volume in red - an invaluable feature IMO. I generally scan through charts initially using the automatic log feature and then change my views as needed when thinking. The auto-log feature takes your timeframe (say a year) and adjusts the log for a chart to fit the timeframe without extending the chart off the screen. So each stock will have a different log depending on how much it has advanced or fallen in the timeframe. For instance a 1 year chart of DELL uses a 17% log and a 1 year chart of FGCI fits on a 10% log. There are several enhancements I would like and I sent a long wish list to QP about 6 months ago. Nothing to make me trade QP charts for DG charts however - just need the DG data in an easy to read format now (envy you guys w/version 2). - - ------------------------------ Date: Sat, 09 May 1998 10:35:07 -0400 From: Craig Griffin Subject: Re: [CANSLIM] BEIQ I would give it a C+. Chart looks good - it is forming a base at the top of an advance. Looks like it just graduated from the small caps on the OTC back in Sept 97 (the QP chart only goes back that far and the volume does not appear to be of an IPO nature on the first trade day). EPS rank of 36 is what would stop me. No earnings estimate to go on for next year. Could be something going on to make it a real winner - you just have to go outside of Canslim and do a lot more research to find out. Much better looking stocks are out there from a CANSLIM perspective. Go to DG Online and compare the CS characteristics of FGCI and it's current basing action to this one and you should see the differences. Look at: 5 year eps history (Major item of difference) EPS rank Group RS RS of the stock Growth rate Recent 4 quarters of earnings (Major item of difference) Estimates for next two years (somebody follows this one). FGCI does have negatives - big one is high institutional ownership. But still, a much better candidate - more indicative of the type of data we are looking for in a CS stock - most of the time (YHOO and MSPG are special situations). Regards, Craig PS. None of the stocks mentioned above are candidates for purchase without a breakout from a valid base and your own research of the CS characteristics. In fact I came close to shorting MSPG last week when in crashed through the 50dma on the announcement of a secondary. - - ------------------------------ Date: Fri, 8 May 1998 11:07:51 -0400 From: "Tom Worley" Subject: [CANSLIM] KTIE, NEWH, RENG, SNHY Well, my picks may be controversial, and not perfect CANSLIM, but 3 of my 4 most recent picks (KTIE being the exception, and it was starting from a ways back) all managed to hit new highs on Friday. While how they did on an up day is important, at least as important to me is how they were doing during the preceding down days. I plan to do a complete review of my current "watch list" this weekend. Will try to post what remains when I am done. Looking over the past week, as well as taking into consideration all my non-WON, non-CANSLIM stuff like economics, I am continuing to evaluate both NYSE and NASDAQ as in a consolidation near their highs, as opposed to the beginning of a correction. Hope I'm right, but you can save this post and nail me if I'm not. If I am correct, then I won't have a clue other than from a lot of my non-CANSLIM stuff which way the mkts may go once the consolidation is completed. Tom W - - ------------------------------ Date: Sat, 09 May 1998 12:14:55 -0400 From: Craig Griffin Subject: Re: [CANSLIM] KTIE, NEWH, RENG, SNHY Tom, You wrote: >Well, my picks may be controversial ... Haven't looked at the other 3 - but suspect at least one of them would be "controversial" - :^) - hard to argue with a profit. Anyway, I do like KTIE. In fact, I bought it on the breakout on 04/01/98 and pyramided twice later on. Lacks some things in the CS numbers, but not too much (rarely does one find a perfect candidate). KTIE's volume action on up vs down days is very encouraging - there appears to be steady accumulation (especially prior to the news of the acquisition being released - natch). But, it is extended for new buys - needs a short base at least IMHO. Best Regards, Craig PS. As always folks - buy from a breakout. Preferably 8 week or longer base. Sometimes 4-6 will do. - - ------------------------------ Date: Sat, 09 May 1998 12:31:06 -0400 From: Al French Subject: [CANSLIM] TC2000, DG, & Quotes Plus I'm enjoying the good discussion of relative merits of different services and maybe can add to it. I am familiar with TC2000 and the printed version of Daily Graphs (NASDAQ/AMEX monthly). I've been using the DOS version of TC2000 for charting and applying a good selection of indicators. Data is available by 6 pm. No fundamental data--DG for that. At less than 1/2 cent per stock per day and a cap of $1/day it is inexpensive. I've tracked 80-100 stocks for about $10/month. The new TC2000 for Windows provides data on an intraday basis for all stocks and indexes and enables fast scans of all stocks based on a set of criteria they supply or that are designed by you. Such criteria could be: --Minimum percent earnings change for each of past 4 quarters (approximates IBD's EPS rankings). --Price growth rate better than X% of market (would approximate an IBD RS ranking of X or better) --Volume and/or price surging -- you pick either a percent rate or a ranking compared to all stocks; can be done during the market day) --Stocks in your watch list indicating oversold conditions --Apply any or all of the above by industry group --Many more criteria available The strength of TC2000 is that it can be easily set up to quickly and frequently scan and sort all stocks by criteria close to CANSLIM elements. However, it would be awkward or worse if your need is, for example, percentage sales growth by quarter of a particular stock. I'd use DG or a web site for that. Judging by the discussion so far, it sounds to me like Quotes Plus and DG may be comparable to each other but TC2000 is a quite different thing. TC2000 for Windows costs $2.49 per day regardless of how many times you download during the day. A sliding scale of discounts are available; I think it's about 20% if you buy over $100 at a time. Occasionally they come up with a 2 for 1 stock data sale and I load up then, but I don't know whether they will continue that with the new version. If you are interested in TC2000, I'd suggest their trial offer of $29 (DOS) or $39 (Windows) which includes a $25 (2 week) usage credit and a 30-day money back guarantee. My experience has been they are good folks. You can trust them to fix any problems (I've had one problem in 10 years--my fault), but don't expect them to hold your hand. Al French - - ------------------------------ Date: Sat, 9 May 1998 12:44:24 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] KTEL K-tel Intl Inc. (KTEL) is undergoing a 2-for-1 stock split effective Monday, May 11, 1998 - Schwab analyst section report. - - ------------------------------ Date: Sat, 09 May 1998 15:54:06 -0400 From: Connie Mack Rea Subject: [CANSLIM] EMA and Beta - --------------99EF0DE65739653151F24096 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- Some have mentioned that the 3,7,10 EMA moves them around a lot. This EMA is, of course, a scalder, especially if you act on the first level buy, the 3-line crossing the 7-line. The second and third level buys provides a buffer and a breather. You may, however, wish to see what beta your stock has. A high beta, something from 1.3 on out, combined with a scalding EMA can move you around like bumper cars at the fair. I don't suppose too many Canslim stocks carry high betas, however. But, remember, that even a high beta stock can be "relaxed" by raising the numbers in the EMA. Some backtesting ought to give you the "speed" that doesn't give you the shakes. A point that I've caught from several conversations is that exits are not as timely as entries. Remember that once you use the EMA to make entry, you ought also to use it for exit. I suppose there is no "law" saying that you may not use the EMA to enter and some percentage to exit. But I would guess that some setting of the EMA would correspond to your exit percentage, say of seven or eight percent. An EMA is a buy or sell stop. And at some point of conjunction, a percentage is an EMA. When you anticipate getting out, turn to the one or two day intraday charts; use the EMA as your primary indicator; then use any other that you trust. I do recall in a few stocks I've worked that I slowed down my 3,7,10 EMA to 5/10/15 [or even a bit slower] for entry and then returned to the scalder for exit. Each stock has its idiosyncrasies. Trader stocks are notorious for their "whoops" and "gotchas." If I were a Canslimer, I might let Canslim principles move me into a stock and then rely on market trend [MACD] combined with an EMA to get me out. That is, my strategy would be an unhurried entry, a reasonable time to accumulate a profit, and then protect that profit with an EMA. A few have spoken to the group about having exited only to have the stock rise. Because EMAs are so variable [I have one screen with 10 EMAs scaled from 5, 10, 15, etc.], they are highly amenable to correlation with price. Work up two or three EMAs that seem to "fit" your stock. Then test those to see if they would have got you out earlier or would have let you held on. Stochastics are also are easily juggled. What indicators work for you, are "the" indicators. All the rest are hype and hope. Don't ever give a second thought to a profit left on the table. But give every thought to preservation and accumulation of capital. Connie Mack . - --------------99EF0DE65739653151F24096 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

Some have mentioned that the 3,7,10 EMA moves them around a lot.  This EMA is, of course, a scalder, especially if you act on the first level buy, the 3-line crossing the 7-line.  The second and third level buys provides a buffer and a breather.

You may, however, wish to see what beta your stock has.  A high beta, something from 1.3 on out, combined with a scalding EMA can move you around like bumper cars at the fair.  I don't suppose too many Canslim stocks carry high betas, however.

But, remember, that even a high beta stock can be "relaxed" by raising the numbers in the EMA.  Some backtesting ought to give you the "speed" that doesn't give you the shakes.

A point that I've caught from several conversations is that exits are not as timely as entries.  Remember that once you use the EMA to make entry, you ought also to use it for exit.  I suppose there is no "law" saying that you may not use the EMA to enter and some percentage to exit.  But I would guess that some setting of the EMA would correspond to your exit percentage, say of seven or eight percent.

An EMA is a buy or sell stop.  And at some point of conjunction, a percentage is an EMA.  When you anticipate getting out, turn to the one or two day intraday charts; use the EMA as your primary indicator; then use any other that you trust.

I do recall  in a few stocks I've worked that I slowed down my 3,7,10 EMA to 5/10/15 [or even a bit slower] for entry and then returned to the scalder for exit.  Each stock has its idiosyncrasies.  Trader stocks are notorious for their "whoops" and "gotchas."

If I were a Canslimer, I might let Canslim principles move me into a stock and then rely on market trend [MACD] combined with an EMA to get me out.  That is, my strategy would be an unhurried entry, a reasonable time to accumulate a profit, and then protect that profit with an EMA.

A few have spoken to the group about having exited only to have the stock rise.  Because EMAs are so variable [I have one screen with 10 EMAs scaled from 5, 10, 15, etc.], they are highly amenable to correlation with price.  Work up two or three EMAs that seem to "fit" your stock.  Then test those to see if they would have got you out earlier or would have let you held on.

Stochastics are also are easily juggled.

What indicators work for you, are "the" indicators.  All the rest are hype and hope.

Don't ever give a second thought to a profit left on the table.  But give every thought to preservation and accumulation of capital.

Connie Mack
 

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