From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #232 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 Sunday, May 10 1998 Volume 02 : Number 232 In this issue: Re: [CANSLIM] TC2000, DG, & Quotes Plus Re: [CANSLIM] EMA and Beta Re: [CANSLIM] EMA and Beta Re: [CANSLIM] TC2000, DG, & Quotes Plus [CANSLIM] Selections from "Your Weekend Review" Re: [CANSLIM] RENG (was Adds to my watch list) Re: [CANSLIM] RENG (was Adds to my watch list) Re: [CANSLIM] RENG (was Adds to my watch list) Re: [CANSLIM] RENG (was Adds to my watch list) [CANSLIM] Re.SG&A Re: [CANSLIM] Market Direction Re: [CANSLIM] Selections from "Your Weekend Review" RE: [CANSLIM] Selections from "Your Weekend Review" [CANSLIM] Tony's Watch List for This Week ---------------------------------------------------------------------- Date: Sat, 9 May 1998 13:06:48 -0700 (PDT) From: Rich Subject: Re: [CANSLIM] TC2000, DG, & Quotes Plus Does anyone use marketplayer.com for screening. It is free and has pretty good screening capabilities. Ciao, Rich - ---Al French wrote: > > 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 > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sat, 9 May 1998 16:52:48 -0400 (EDT) From: Deepak Kapur Subject: Re: [CANSLIM] EMA and Beta Connie, My guess is that most canslim stocks have high betas. >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 I would like to understand this better. If 3 day crosses 7 day on the downside, that is a sell according to EMA. How does one use MACD in conjunction with this? Thanks, Deepak - - ------------------------------ Date: Sat, 09 May 1998 18:47:32 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] EMA and Beta - --------------82BBF9E0D705D10EC77D05CC Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Deepak---- It may be that there is some ambiguity in our talking about indicators. E.g., you say "If 3 day crosses 7 day on the downside, that is a sell according to EMA." This sounds as if EMA and the 3 and 7 are different. The "according to" distorts the relationship. Too, maybe it's just a difference of idiom. The 3 and 7 are EMAs; here the EMA is a two line EMA. The three line EMA is my 3,7,10. The EMA is comprised of the three moving averages calculated slightly differently from SMAs. You could have a 10-line SMA or EMA; or a 100-line. The Equis site [http://Equis. com] has a short explanation of EMAs and MACD, and dozens of other indicators. The MACD is handled differently by different readers. Some use the histogram as a buy and sell signal as it crosses the zero line. Or you may use the the two lines--usually blue and red--as buy and sell signals when they crossover each other. The MACD is a lagging indicator and gives a good reading of market trend, or stock trend. The presence of positive/negative divergence, as in the OBV/MF, is a powerful foretelling of trend. Deepak, sorry if I over killed your questions. Saying too much is as annoying as saying too little. Hope I haven't erred to either side. Connie Mack Deepak Kapur wrote: > Connie, > If 3 day crosses 7 day on the downside, > that is a sell according to EMA. > > My guess is that most canslim stocks have high betas. > > >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 > > I would like to understand this better. How does one use MACD in conjunction > with > this? > > Thanks, > > Deepak > > - - --------------82BBF9E0D705D10EC77D05CC Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Deepak----

It may be that there is some ambiguity in our talking about indicators.  E.g., you say  "If 3 day crosses 7 day on the downside, that is a sell according to EMA."   This sounds as if EMA and the 3 and 7 are different.  The "according to" distorts the relationship.  Too, maybe it's just a difference of idiom.

The 3 and 7 are EMAs; here the EMA is a two line EMA.  The three line EMA is my 3,7,10.  The EMA is comprised of the three moving averages calculated slightly differently from SMAs.  You could have a 10-line SMA or EMA; or a 100-line.

The Equis site [http://Equis. com] has a short explanation of EMAs and MACD, and dozens of other indicators.

The MACD is handled differently by different readers.  Some use the histogram as a buy and sell signal as it crosses the zero line.  Or you may use the the two lines--usually blue and red--as buy and sell signals when they crossover each other.

The MACD is a lagging indicator and gives a good reading of market trend, or stock trend.  The presence of positive/negative divergence, as in the OBV/MF, is a powerful foretelling of trend.

Deepak, sorry if I over killed your questions.  Saying too much is as annoying as saying too little.  Hope I haven't erred to either side.

Connie Mack
 
 
 

Deepak Kapur wrote:

Connie,
 
If 3 day crosses 7 day on the downside,
that is a sell according to EMA.

My guess is that most canslim stocks have high betas.

>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

I would like to understand this better.   How does one use MACD in conjunction with
this?

Thanks,

Deepak

-

  - --------------82BBF9E0D705D10EC77D05CC-- - - ------------------------------ Date: Sat, 09 May 1998 18:54:37 -0400 From: Al French Subject: Re: [CANSLIM] TC2000, DG, & Quotes Plus Rich wrote: > > Does anyone use marketplayer.com for screening. It is free and has > pretty good screening capabilities. > > Ciao, > Rich > I took a look, it looks good, and I like the way you can run scans across many stocks. However, the scans are too elementary to get to CANSLIM, there are only a couple of technical indicators, and using internet to switch between charts is way too slow for my taste. I believe bigcharts.com (the interactive charts) is better for technical analysis but it can't do the scans. What I'd do, if I wanted to avoid paying for one of the data services, would be to use marketplayer to generate a list to take to bigcharts for technical analysis. I really believe that, rather than trying to use elementary scans, one would get better results applying the CANSLIM criteria to IBD's Stocks in the News, Weekend Review, and the stocks experts on this list say meet CS criteria, then go to bigcharts to look at them. That procedure might not find all of the best stocks, but it sure has found some good ones for me. Al French - - ------------------------------ Date: Sat, 9 May 1998 20:34:31 -0400 From: Larry Horn Subject: [CANSLIM] Selections from "Your Weekend Review" I just posted my spreadsheet of selections from "Your Weekend Review" at www.duke.edu/~clhorn/canslim. Some people have had problems getting it into their spreadsheets for further evaluation so I changed the format to .csv which I think is compatible with most spreadsheets. Please let me know if you still have problems. All of the cos listed have group strength = A, EPS and RS are 85 or greater, A/D = A or B, and the best fund that has a large investment is in the top 15% of funds based on 3 year performance. There are 75 cos this week compared to 120-130 during February-early April. To help weed that number down, I also listed %Mgmt which I got from IBD's tables, %Instit which I got from Rapid Research, Shares, Float, Debt:Eq and ROE all which I got from Yahoo! Of those 75, the ones with %Mgmt 15-50%, %Instit 5-30%, ROE >15, Shares <30 mil, are MCSC, TMBS, PHHM, and VIP (well actually, I didn't find %Instit for VIP). Unfortunately, none of the charts look like great buys at this point to me, but they are worth watching. Co PE GrpStr A/D EPS RS Fund SHR FLT ROE Debt:Eq %Institut %Mgmt MCSC 39 A B 95 97 A- 8.12 4.35 16.38 0.01 22.6 20 TMBS 26 A A 99 97 A 7.01 4.9 48.61 0 13.7 27 PHHM 27 A A 95 90 A 18.9 7.2 23.7 0.02 15.7 31 VIP 24 A A 86 94 A 25.7 25.5 33.63 0.56 ? 47 MCSC has been heading down for the last 10 days and is around the 50 DMA. I'll keep watching it for a basing pattern but definitely not a time to buy now. TMBS has had several breakouts in the past 5 months (well, some clearly failed) with the most recent one at 18 1/2 6 days ago coinciding with the IBD article. If 18 1/2 is a good pivot point, then it can still be bought up to 20 3/8 (to keep won's don't chase it past 5-10% rule) and it's currently at 20 1/16. A purchase at 19 1/2 would keep the 8% loss under the support at 18. The price/volume action since that 18 1/2 breakout hasn't looked that good though. The first 2 days after it were fine, down on lower volume, but the last 2 days were up on low volume- not a good sign. At least it's stayed above 18 where there should be good support given the effort it took to get through it as resistance. I think that odd day in November after it split when 700,000 shares were bought at prices as though it hadn't split contributed to the difficulties it has had since then. If you look at weekly slow stochs, both lines are above 80 and the fast line is still above the slow line but heading down to the slow line. Not a time to buy. Daily slow stochs signaled a sell 4 days ago. Also there is negative divergence on the daily slow stochs. PHHM weekly slow stochs signaled a sell mid-April. Another one to watch for a basing pattern but not buy now. VIP weekly slow stoch went above 80 in late-Feb to early-March and hasn't come down since. Another one to watch for a basing pattern. Comments on these cos would be greatly appreciated. Larry Horn - - ------------------------------ Date: Sun, 10 May 1998 09:18:10 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Sorry, Tom. I went in to DGO again and this is what I saw: Mar 31, 1997 0.05 vs 0.07 -29% Jun 30, 1997 0.01 vs 0.03 -67% Sep 30, 1997 0.02 vs 0.06 -67% Dec 31, 1997 0.06 vs 0.04 +50% Oh, and another question. Has WON changed his views about buying a stock = for under 15$ a share? Like, RENG, there are many promising companies out the= re, but is it risky? Actually, if there is enough institutional ownership, wh= y should price really make a difference? David - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: =E9=E5=ED =F9=E9=F9=E9 08 =EE=E0=E9 1998 12:48 Subject: Re: [CANSLIM] RENG (was Adds to my watch list) >You must be looking at a different chart than I am on RENG, as DGO >shows 8 consecutive profitable qtrs, as well as profitable for the >past three years. I don't consider this a c&h, it's tough to get such >on a low priced stock. It just looks to me like a consolidation of its >recent move to 6.31, stayed within 25% or so of its high, and now >moving further. > >Tom W > >-----Original Message----- >From: David S. Pinhasik >To: canslim@lists.xmission.com >Date: Friday, May 08, 1998 4:02 AM >Subject: Re: [CANSLIM] Adds to my watch list > > >>>And despite a down day, all four of my new "picks" (KTIE, NEWH, >RENG, >>>SNHY) >> >>>Tom W >>> >> >>Tom, >>I was looking at RENG on DGO, and I like the chart and everything >about it, >>except the large losses in the 3 quarters preceding the latest one. >How come >>this didn't bother you? BTW, is this a real C&H? >> >>David >> >> >>- >> > > >- > > - - ------------------------------ Date: Sun, 10 May 1998 09:22:24 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Sorry, please disregard my last post, except for the price question. I reponded to your first response before reading on to find the second. Tha= nx. David - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: =F9=E1=FA 09 =EE=E0=E9 1998 03:47 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: Sat, 9 May 1998 08:49:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Actually, the figure I have always seen WON use is $12/share, and this is a bias due to his extensive institutional clientele. With the exception of small cap and microcap funds, few institutionals will buy under $12, and many many not even buy under $20 or more. Yes, a lower priced stock should automatically convey the potential for greater risk. One of the inherent risks is that the co may show great EPS, but the "comparison" qtrs are often a loss or very minimal profit, so comparison is easy. I always try to examine the fundamentals more closely on these, and also check the annual revenues against mkt cap as another gauge. I set my lower limit at $5/share as I want stocks that are marginable, even if I don't buy them on margin. However, price doesn't guarantee marginability, witness EDAC and EPIQ as just two examples, altho both now are NMS and marginable. Any funds presence on a stock under $12, however, is very significant to me. All else being equal, I would rather buy a $10 stock with a small funds ownership than an $18 one without any. For my short term (3 months or less) trading, I like to already own a stock before it becomes "discovered". In the case of RENG, while funds show 0%, banks have 5% and there is a very strong management ownership (54%). Tom W - -----Original Message----- From: David S. Pinhasik To: canslim@lists.xmission.com Date: Sunday, May 10, 1998 2:21 AM Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Oh, and another question. Has WON changed his views about buying a stock for under 15$ a share? Like, RENG, there are many promising companies out there, but is it risky? Actually, if there is enough institutional ownership, why should price really make a difference? David - - ------------------------------ Date: Sun, 10 May 1998 09:03:06 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Ok, everybody take your shots. Watch List for This Week This Week Sym EPS RelSt A/D GrpStr Qtr1 Qtr2 Qtr3 Qtr4 Recnt High Current Max Entry MHK 88 93 A A 78 55 42 15 33.88 34.81 35.57 SUT 96 93 A C 35 -27 47 43.62 42.81 45.8 MTXC 93 97 A D 86 74 29.25 27.63 30.71 RENG A 6.37 6.63 6.69 Extended Watch DCR 93 92 B A 95 47 25 21 59.5 55.13 62.5 RGFC 85 97 A A 95 12 16 44 40 46.2 EDAC 75 98 A A 128 13 12.38 13.65 TMBS 99 94 B A 214 129 222 74 18.75 20.05 19.69 The Quarterly EPS growth numbers listed, are those provided by TC2000, and differ from the values one will find in IBD. I can only assume these are non-diluted numbers, or something. Specific Comments: MHK - Broke above short term resistance on Thursday of last week. Volume has been growing increasingly positive, OBV and TSV are both positive. MTXC - Group strength is poor, but fundamentals are building. TSV turned positive last week, with a stochastic buy being given on 5/1. Had a strong volume increase on Friday. SUT - Has consolidated for eight weeks after a large run up. Indicators are turning positive with stochastic turning very positive on 4/30. Tony - - ------------------------------ Date: Sun, 10 May 1998 12:12:23 EDT From: JANSI1AUG1 Subject: [CANSLIM] Re.SG&A Tom: What does "SG&A" stand for? jans - - ------------------------------ Date: Sun, 10 May 1998 13:11:48 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Market Direction Ken Davidson wrote: > > It's kind of funny listening to all the different arguments on market > direction. Of course they are all valid but It reminds me of the reason why > I left stock trading for index trading with credit spreads. I don't have to > worry about the exact direction up or down and it's easier to gauge. > Looking at the bigger picture is easier because no matter how overbought, > oversold, distributed a stock or index is there are always more reasons to > drive them lower or higher. Just to remind everyone in case you think I'm a > flake I've been trading stocks and indexes for over 15 years full time and > lived rather well through the 1987 crash buying cheap stock. Some people > then thought the crash was coming, some didn't, kind of like how you guys > sound. Even I have wondered if were in another blow off period today but to > be truthful, I also don't really care! I would agree though that the most > important thing to do is to look at the individual stock. Not every stock > went down in the crash!! By the way I'm not saying were about to crash here > either. The move were having right now almost looks identical to the move > last year in May June with less volatility. > > Ken > The information contained in this commentary is based upon data that is > believed to be accurate, but is not guaranteed, and subject to change > without notice. All projections, forecasts, opinions, and track records > cannot be guaranteed to equal our past performance. Persons reading this > are responsible for their actions. Officers and employees of this > publication may at times have a position in the securities mentioned, or > related services. > > -Please tell me were i can get more info on "index trading with credit spreads.Thanks - - ------------------------------ Date: Sun, 10 May 1998 14:07:32 -0400 From: Jack Lykins Subject: Re: [CANSLIM] Selections from "Your Weekend Review" Larry, Last weekend the 5/1/98 download came through with conditional formatting turned on. I was a nice touch and it made the scanning much easier. I did not get the red and green colors this weekend 5/8/98. Did I do something wrong or different this week??? Thanks you all your efforts. We all owe you a beer ( or soda) or two.... Thanks again, Jack Lykins Larry Horn wrote: > I just posted my spreadsheet of selections from "Your Weekend Review" > at > www.duke.edu/~clhorn/canslim. Some people have had problems getting it > into their > spreadsheets for further evaluation so I changed the format to .csv > which I think is > compatible with most spreadsheets. Please let me know if you still > have problems. All of > the cos listed have group strength = A, EPS and RS are 85 or greater, > A/D = A or B, and > the best fund that has a large investment is in the top 15% of funds > based on 3 year > performance. There are 75 cos this week compared to 120-130 during > February-early > April. To help weed that number down, I also listed %Mgmt which I got > from IBD's tables, > %Instit which I got from Rapid Research, Shares, Float, Debt:Eq and > ROE all which I got > from Yahoo! > > Of those 75, the ones with %Mgmt 15-50%, %Instit 5-30%, ROE >15, > Shares <30 mil, are > MCSC, TMBS, PHHM, and VIP (well actually, I didn't find %Instit for > VIP). Unfortunately, > none of the charts look like great buys at this point to me, but they > are worth watching. > > Co PE GrpStr A/D EPS RS Fund SHR > FLT ROE Debt:Eq %Institut %Mgmt > MCSC 39 A B 95 97 A- 8.12 > 4.35 16.38 0.01 22.6 20 > TMBS 26 A A 99 97 A 7.01 > 4.9 48.61 0 13.7 27 > PHHM 27 A A 95 90 A 18.9 > 7.2 23.7 0.02 15.7 31 > VIP 24 A A 86 94 A 25.7 > 25.5 33.63 0.56 ? 47 > > MCSC has been heading down for the last 10 days and is around the 50 > DMA. I'll keep > watching it for a basing pattern but definitely not a time to buy now. > > TMBS has had several breakouts in the past 5 months (well, some > clearly failed) with the > most recent one at 18 1/2 6 days ago coinciding with the IBD article. > If 18 1/2 is a good > pivot point, then it can still be bought up to 20 3/8 (to keep won's > don't chase it past 5-10% > rule) and it's currently at 20 1/16. A purchase at 19 1/2 would keep > the 8% loss under the > support at 18. The price/volume action since that 18 1/2 breakout > hasn't looked that good > though. The first 2 days after it were fine, down on lower volume, but > the last 2 days were > up on low volume- not a good sign. At least it's stayed above 18 where > there should be > good support given the effort it took to get through it as resistance. > I think that odd day in > November after it split when 700,000 shares were bought at prices as > though it hadn't split > contributed to the difficulties it has had since then. If you look at > weekly slow stochs, both > lines are above 80 and the fast line is still above the slow line but > heading down to the slow > line. Not a time to buy. Daily slow stochs signaled a sell 4 days ago. > Also there is negative > divergence on the daily slow stochs. > > PHHM weekly slow stochs signaled a sell mid-April. Another one to > watch for a basing > pattern but not buy now. > > VIP weekly slow stoch went above 80 in late-Feb to early-March and > hasn't come down > since. Another one to watch for a basing pattern. > > Comments on these cos would be greatly appreciated. > > Larry Horn > > - - - ------------------------------ Date: Sun, 10 May 1998 14:35:19 -0400 From: Larry Horn Subject: RE: [CANSLIM] Selections from "Your Weekend Review" - ------ =_NextPart_000_01BD7C20.EB38AE40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Jack Lykins No, you didn't do anything wrong. I uploaded only the .csv format this week because members without Excel were having difficulties using the .xls files. I just uploaded the .xls format if you want it. It's pretty easy to do the conditional formatting yourself though and should only take about a minute or two. Thanks for the beer. It was good. Larry Horn - -----Original Message----- From: Jack Lykins [SMTP:rusty@may-uky.campus.mci.net] Sent: Sunday, May 10, 1998 2:08 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Selections from "Your Weekend Review" Larry, Last weekend the 5/1/98 download came through with conditional formatting turned on. I was a nice touch and it made the scanning much easier. I did not get the red and green colors this weekend 5/8/98. Did I do something wrong or different this week??? Thanks you all your efforts. We all owe you a beer ( or soda) or two.... Thanks again, Jack Lykins Larry Horn wrote: > I just posted my spreadsheet of selections from "Your Weekend Review" > at > www.duke.edu/~clhorn/canslim. Some people have had problems getting it > into their > spreadsheets for further evaluation so I changed the format to .csv > which I think is > compatible with most spreadsheets. Please let me know if you still > have problems. All of > the cos listed have group strength = A, EPS and RS are 85 or greater, > A/D = A or B, and > the best fund that has a large investment is in the top 15% of funds > based on 3 year > performance. There are 75 cos this week compared to 120-130 during > February-early > April. To help weed that number down, I also listed %Mgmt which I got > from IBD's tables, > %Instit which I got from Rapid Research, Shares, Float, Debt:Eq and > ROE all which I got > from Yahoo! > > Of those 75, the ones with %Mgmt 15-50%, %Instit 5-30%, ROE >15, > Shares <30 mil, are > MCSC, TMBS, PHHM, and VIP (well actually, I didn't find %Instit for > VIP). Unfortunately, > none of the charts look like great buys at this point to me, but they > are worth watching. > > Co PE GrpStr A/D EPS RS Fund SHR > FLT ROE Debt:Eq %Institut %Mgmt > MCSC 39 A B 95 97 A- 8.12 > 4.35 16.38 0.01 22.6 20 > TMBS 26 A A 99 97 A 7.01 > 4.9 48.61 0 13.7 27 > PHHM 27 A A 95 90 A 18.9 > 7.2 23.7 0.02 15.7 31 > VIP 24 A A 86 94 A 25.7 > 25.5 33.63 0.56 ? 47 > > MCSC has been heading down for the last 10 days and is around the 50 > DMA. I'll keep > watching it for a basing pattern but definitely not a time to buy now. > > TMBS has had several breakouts in the past 5 months (well, some > clearly failed) with the > most recent one at 18 1/2 6 days ago coinciding with the IBD article. > If 18 1/2 is a good > pivot point, then it can still be bought up to 20 3/8 (to keep won's > don't chase it past 5-10% > rule) and it's currently at 20 1/16. A purchase at 19 1/2 would keep > the 8% loss under the > support at 18. The price/volume action since that 18 1/2 breakout > hasn't looked that good > though. The first 2 days after it were fine, down on lower volume, but > the last 2 days were > up on low volume- not a good sign. At least it's stayed above 18 where > there should be > good support given the effort it took to get through it as resistance. > I think that odd day in > November after it split when 700,000 shares were bought at prices as > though it hadn't split > contributed to the difficulties it has had since then. If you look at > weekly slow stochs, both > lines are above 80 and the fast line is still above the slow line but > heading down to the slow > line. Not a time to buy. Daily slow stochs signaled a sell 4 days ago. > Also there is negative > divergence on the daily slow stochs. > > PHHM weekly slow stochs signaled a sell mid-April. Another one to > watch for a basing > pattern but not buy now. > > VIP weekly slow stoch went above 80 in late-Feb to early-March and > hasn't come down > since. Another one to watch for a basing pattern. > > Comments on these cos would be greatly appreciated. > > Larry Horn > > - - - - ------ =_NextPart_000_01BD7C20.EB38AE40 Content-Type: application/ms-tnef Content-Transfer-Encoding: base64 eJ8+Ii4SAQaQCAAEAAAAAAABAAEAAQeQBgAIAAAA5AQAAAAAAADoAAEIgAcAGAAAAElQTS5NaWNy b3NvZnQgTWFpbC5Ob3RlADEIAQ2ABAACAAAAAgACAAEEkAYA1AEAAAEAAAAQAAAAAwAAMAIAAAAL AA8OAAAAAAIB/w8BAAAAUwAAAAAAAACBKx+kvqMQGZ1uAN0BD1QCAAAAAGNhbnNsaW1AbGlzdHMu eG1pc3Npb24uY29tAFNNVFAAY2Fuc2xpbUBsaXN0cy54bWlzc2lvbi5jb20AAB4AAjABAAAABQAA AFNNVFAAAAAAHgADMAEAAAAbAAAAY2Fuc2xpbUBsaXN0cy54bWlzc2lvbi5jb20AAAMAFQwBAAAA AwD+DwYAAAAeAAEwAQAAAB0AAAAnY2Fuc2xpbUBsaXN0cy54bWlzc2lvbi5jb20nAAAAAAIBCzAB AAAAIAAAAFNNVFA6Q0FOU0xJTUBMSVNUUy5YTUlTU0lPTi5DT00AAwAAOQAAAAALAEA6AQAAAB4A 9l8BAAAAGwAAAGNhbnNsaW1AbGlzdHMueG1pc3Npb24uY29tAAACAfdfAQAAAFMAAAAAAAAAgSsf pL6jEBmdbgDdAQ9UAgAAAABjYW5zbGltQGxpc3RzLnhtaXNzaW9uLmNvbQBTTVRQAGNhbnNsaW1A 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you don't mind me throwing in my two cents. Feedback on my thought process would also be appreciated. Here's some more data on the cos you posted earlier. You already listed a lot of this data but I thought it would be convenient to have it all in the same place. I got shares, float, ROE, and Debt:Equity from Yahoo!, %Instit from Rapid Research, and % Mgmt, PE, GrpStr, A/D, EPS, RS and Fund from IBD tables. Co PE GrpStr A/D EPS RS Fund SHR FLT ROE Dt:Eq %Instit %Mgmt MHK 23 A B 88 91 A+ 52 28 19.4 0.58 55.1 41 SUT 18 B A 96 93 A+ 16 8.1 70.9 1.21 41.5 51 mtxc 20 D A 93 96 A+ 6.7 2.1 23 2.21 12.2 .. reng 43 A A 81 97 .. 5.7 2.6 4.09 0.25 0.6 54 DCR 23 A B 93 92 A+ 4.8 3 53.1 0.3 57.7 4 rgfc 22 A A 85 97 A+ 14 4.1 18.7 0.02 22.9 .. edac 24 A A 75 98 .. 3.8 2.3 33.3 0.78 0.5 61 tmbs 26 A A 99 97 A 7 4.9 48.6 0 13.7 27 Debt:Equity looks high on SUT and MTXC; also, it might be too high on EDAC and MHK depending on one's preferences. %Institut is a little high on MHK and DCR and too low for RENG and EDAC. Again, depending on one's preferences, it might be too high on SUT. Ryan says this should be a few to about 30%. ROE is great on all of these except RENG. Not that WON ever mentions this, or that we should consider it important. I just use it b/c it has been mentioned in IBD articles and sounded like a useful measurement of the management. %Mgmt is high on EDAC and I couldn't find %Mgmt for MTXC or RGFC. Ryan says this should be 15-50%. EPS of 75 is low for me on EDAC but you posted that data so it must be okay for you. Out of these, I like TMBS and RGFC the best but I would want to find the %Mgmt data first. I just posted about TMBS's chart yesterday so there's no need to repeat that. For RGFC, it's been in a 39-44 range for the past 14 days and it had low volume last week even on up days. The weekly slow stochs has been above 80 since mid-Jan and the fast line just crossed below it. The daily slow stochs just gave a buy signal though. The daily MACD signaled a sell 5 days ago. It hasn't touched its 50 dma since mid-Jan and I wonder if it's heading there now. I'll keep watching this one with you. Larry Horn - -----Original Message----- From: Tony Austin [SMTP:tonya@awod.com] Sent: Sunday, May 10, 1998 9:03 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Ok, everybody take your shots. Watch List for This Week This Week Sym EPS RelSt A/D GrpStr Qtr1 Qtr2 Qtr3 Qtr4 Recnt High Current Max Entry MHK 88 93 A A 78 55 42 15 33.88 34.81 35.57 SUT 96 93 A C 35 -27 47 43.62 42.81 45.8 MTXC 93 97 A D 86 74 29.25 27.63 30.71 RENG A 6.37 6.63 6.69 Extended Watch DCR 93 92 B A 95 47 25 21 59.5 55.13 62.5 RGFC 85 97 A A 95 12 16 44 40 46.2 EDAC 75 98 A A 128 13 12.38 13.65 TMBS 99 94 B A 214 129 222 74 18.75 20.05 19.69 The Quarterly EPS growth numbers listed, are those provided by TC2000, and differ from the values one will find in IBD. I can only assume these are non-diluted numbers, or something. Specific Comments: MHK - Broke above short term resistance on Thursday of last week. Volume has been growing increasingly positive, OBV and TSV are both positive. MTXC - Group stRENGth is poor, but fundamentals are building. TSV turned positive last week, with a stochastic buy being given on 5/1. Had a strong volume increase on Friday. SUT - Has consolidated for eight weeks after a large run up. Indicators are turning positive with stochastic turning very positive on 4/30. Tony - - - - ------------------------------ End of canslim-digest V2 #232 ***************************** 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.