From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #236 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 13 1998 Volume 02 : Number 236 In this issue: Re: [CANSLIM] Some suggestions. Re: [CANSLIM] WeekEnd In Review - Concatenated Spreadsheets [CANSLIM] Japanese economy [CANSLIM] World Markets Re: [CANSLIM] FTIC, RESC and KITS Re: [CANSLIM] US funds expecting economic slowdown [CANSLIM] Selling NOBH Help [CANSLIM] Re: Oils RE: [CANSLIM] Corrected files now on the server Re: [CANSLIM] Selling NOBH Help [CANSLIM] Not a Pretty Day [CANSLIM] Watchlist - CBUK Re: [CANSLIM] Watchlist - CBUK Re: [CANSLIM] Watchlist - CBUK RE: [CANSLIM] Watchlist - CBUK Re: [CANSLIM] IBD Stocks in the News (was Watchlist - CBUK) [CANSLIM] World Markets Re: [CANSLIM] World Markets Re: [CANSLIM] World Markets Re: [CANSLIM] World Markets Re: [CANSLIM] World Markets [CANSLIM] Futures volatile this morning Re: [CANSLIM] Futures volatile this morning Re: [CANSLIM] Watchlist - CBUK Re: [CANSLIM] US funds expecting economic slowdown [CANSLIM] Discount Brokers: Cover your butt. [CANSLIM] EQNX CLST ---------------------------------------------------------------------- Date: Tue, 12 May 1998 19:52:48 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Some suggestions. I think it's worth keeping a close eye on the oil and oil service stocks, but would disagree on buying them now. They have done a great job of consolidating, but until the supply of oil products has dropped measurably, esp the "sweet" variety most in demand which so far isn't being cut back, or demand has measurably picked up, I suspect the "consolidation" of these industries will persist. I believe the "perception" of these industry groups remains bearish, and that must change first. Because of the inherent values still in these stocks, many of which even pay nice dividends, the perception could change quickly once either supply is reduced or demand is expanded. Tom W - -----Original Message----- From: Chao, Chih Yu To: 'CANSLIM' Date: Tuesday, May 12, 1998 12:15 PM Subject: [CANSLIM] Some suggestions. >Good day, guys, > >I think maybe it's time to look at the oil stocks. >Two stocks worth of watch: GIFI, OMNI. >BTW, anyone follow SUT? > >Cheers, >ChihYu > >- > - - ------------------------------ Date: Tue, 12 May 1998 20:16:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] WeekEnd In Review - Concatenated Spreadsheets Thanks for all the work, both Frank and Larry. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@mail.xmission.com Date: Tuesday, May 12, 1998 5:31 PM Subject: [CANSLIM] WeekEnd In Review - Concatenated Spreadsheets >I have taken all of the weekend in review spreadsheets from Larry Horns >website and concatenated (cut/pasted) them together into one big >spreadsheet. I added a column using a numeric date code for easy sorting >using a secondary key. >------------------ >How is the spreadsheet handy? >I think in time a number of things will easily be spotted. >* - Number of times the stock appears in the weekend in review. >* - Changes in EPS/RS are easily spotted. >* - New arrivals to the list are easily apparent. > >I realize that IBD staff decides what appears and when in the list, but if >they are using strict guidelines, ie. RS > 90, EPS > 90, then the list >should be fairly consistent, and a darn good place to shop! I thought the >concatenation was worthy of a look and when enough data is accumulated ( a >patience building practise!) it would certainly have alot to offer. > >Regards, >Frank Wolynski > > > >- > - - ------------------------------ Date: Tue, 12 May 1998 20:26:03 -0400 From: "Tom Worley" Subject: [CANSLIM] Japanese economy As further comment on my recent posts on the Japanese economy in particular, which would you rather buy: the Japanese govt ten year bond with a yield of 1.3% (because of their extremely low interest rate in which they can't give money away) or the US govt 10 year bond with a yield of 5.75%?? And the latest wholesale price index from Japan showed a 2.3% drop from a year ago, heating up fears of deflation (can we spell 'recession' ??). Another item I was mulling over last night was that lately, mostly US corps have been taking advantage of the economic slump in Asia to buy large stakes in major Asian companies. Saw one report where a corp was considering buying a majority stake in Kia, for example. However, I don't recall seeing any such significant investment in Japanese corps. Don't know if this is because of all their difficult regulations and laws to prevent investment and importing by non-Asian sources, or simply because they still don't represent good value. But the way things are going, I can see S. Korea becoming the "Japanese economy" of the 21st century, and leaving Japan in its dust. I will continue to hold to the position that, to recover, Japan must start adopting a serious "free world economy" attitude. Tom W - - ------------------------------ Date: Tue, 12 May 1998 20:41:23 -0400 From: "Tom Worley" Subject: [CANSLIM] World Markets Did a little early snooping around the globe tonight. Japan continues to head south, but so far at least only S. Korea appears to be keeping it company, and that could reverse overnight. Several other Asian countries already reporting look like they may follow the US mkt higher. Don't know if anyone has been following the Israeli mkt, but it jumped to a new 12 month high today. Gained over 3%, and has been performing pretty consistently to the upside, even on some worldwide bad days. May be worth taking a look at. Tom W - - ------------------------------ Date: Tue, 12 May 1998 20:43:08 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] FTIC, RESC and KITS FTIC is working upward off of a short term bottom RESC - Watch close KITS - May already be too far and out of reach...unless you feel lucky Tony - - ------------------------------ Date: Tue, 12 May 1998 18:31:00 -0700 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] US funds expecting economic slowdown Thanks for the tip. The Investment Company Institute is a mutual fund trade group that monitors cash flows into mutual funds, and performs various studies related to the mutual fund industry. Their web sit is http://www.ici.org/index.html . They have historical figures going back to 1984, and a free email of their press releases if you fill out a simple survey. I also downloaded a couple of studies on mutual fund shareholder behavior over various market conditions that seem interesting. - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Tuesday, May 12, 1998 5:19 PM Subject: Re: [CANSLIM] US funds expecting economic slowdown >My data came from a short article in the Miami Herald, quoting >"Investment Company Institute" as their source. You could try a search >for that. Prior to this, I was getting regular data at work from the >Dow Jones News Svc. >I haven't really searched for a web site, but would be interested in a >regular, consistent source. > >Tom W > >-----Original Message----- >From: Robert Venchiarutti >To: canslim@lists.xmission.com >Date: Tuesday, May 12, 1998 1:14 PM >Subject: Re: [CANSLIM] US funds expecting economic slowdown > > >>Tom (and others), >> >>Where do you get the figures for net inflows into mutual funds? >Also, do >>you know of a site where I can get historical figures on net inflows >into >>funds? I think this is (and has been) a major trend supporting the >market >>for equities the past few years, and I would like to get a firmer >grasp on >>the numbers. I've tried to do a web search, but all I get is a bunch >of >>junk (and I mean a BUNCH - you'd be amazed at all the cyber-stuff out >there >>on mutual funds). I also use Infobeat, but couldn't find these >figures. >>Thanks. >> >>-----Original Message----- >>From: Tom Worley >>To: canslim@lists.xmission.com >>Date: Tuesday, May 12, 1998 4:06 AM >>Subject: Re: [CANSLIM] US funds expecting economic slowdown >> >> >>>Thanks for posting this, Dean. I got the same report from Infobeat, >>>and had some disagreement with it. It presupposes that fund mgrs can >>>casually switch between bonds and stocks, not true of many funds >>>charter. And the claim of bond net buying is contradicted by the >bond >>>mkt action. If this was such a clear trend, then bond prices should >be >>>going up, instead they appear to be trending flat to down (interest >>>rates going up inversely). >>> >>>I also noted one report for the month of April. In it net new cash >>>flows into stock mutual funds rose 5.6% to $24.5 billion from >March's >>>inflow of $23.2 billion. Hybrid funds had a net inflow estimated at >>>$1.5 billion, while bond funds took in $3 billion, down from $6.4 >>>billion in the prior month. So, at least thru April, it appears to >me >>>that money continues to pour into stocks and must be invested >>>somewhere. If interest rates continue higher, I would expect to see >a >>>shift of some money from stocks back to bonds, after all a lot of >>>money currently in stocks really wants to be in bonds, but must get >>>the higher returns of stocks. And I would bet that some >"traditional" >>>bond investors who have been forced into the stock mkt will not >>>migrate back, now that they have experienced and enjoyed the returns >>>possible. As money makes that shift, prices on bonds go back up, >>>yields drop and are no longer as attractive. >>> >>>I also think it's way too premature to be looking to Asia, esp >Japan, >>>for fresh investing. Things are hardly stable, nor has Japan cured >the >>>underlying economic problems. Europe right now does look better, but >a >>>lot of that is coming from renewed confidence that the EU will be >>>introduced on time, and the European union will proceed. However, >many >>>of the countries still have considerable economic problems, I am not >>>aware of any country right now that is enjoying the "economic bliss" >>>of the USA. >>> >>>Tom W >>> >>>-----Original Message----- >>>From: Dean Edwards >>>To: canslim@lists.xmission.com >>>Date: Monday, May 11, 1998 9:07 AM >>>Subject: [CANSLIM] US funds expecting economic slowdown >>> >>>LONDON, May 11 (Reuters) - U.S. fund managers are less optimistic >>>about the prospects for the domestic economy, according to the >Merrill >>>Lynch Gallup Global survey for May released on Monday. >>> >>>Only 10 percent of fund managers polled expected the economy would >>>strengthen over the next 12 months versus 24 percent in April. >>> >>>The survey showed an increasing proportion of U.S. fund managers >were >>>switching out of domestic equities into bonds. Buyers of U.S. >>>Treasuries outnumbered sellers by 18 percent versus 11 percent in >>>April's survey. >>> >>>The survey showed a pick-up of interest in Japanese stocks, with the >>>balance of buyers over sellers at six percent versus equal numbers >of >>>each in April. >>> >>>Emerging Europe rose to be U.S. managers most fancied emerging >market >>>from Latin America last month, the report showed. >>> >>>Half of those polled said emerging Europe was their favourite region >>>for the next 12 months versus 13 percent holding this view in April. >>>Some 28 percent chose Latin America in May versus 55 percent last >>>month. >>> >>>The survey was conducted between May 1 and 6 with 39 >>> >>> >>> >>> >>>- >>> >>> >> >> >>- >> > > >- > > - - ------------------------------ Date: Tue, 12 May 1998 18:59:11 -0700 From: "John Iding" Subject: [CANSLIM] Selling NOBH Help Entered NOBH at 13.083 in Jan and enjoying the ride ... but having the usual difficulty trying to decide to buy more or sell ... opinions appreciated ... my inclination is to buy a little more ... John - - ------------------------------ Date: Tue, 12 May 1998 23:01:03 -0400 From: Al French Subject: [CANSLIM] Re: Oils Chao, Chih Yu said: >I think maybe it's time to look at the oil stocks. >Two stocks worth of watch: GIFI, OMNI. The AMEX oil index (XOI) reached a new high 3/23 and formed a cup within 1% of that high on 5/1/98. I've noticed oil and oil service stocks were on the IBD increased volume list a couple of times in recent weeks. OMNI looks strong, but has already broken out. You might also take a look at Core Laboratories (CRLBF) and Global Industries (GLBL) which have fairly good CANSLIM numbers. Basin Exploration (BSNX) has good numbers, made a deep cup November-April, but then took a dive that puts me off. Al French - - ------------------------------ Date: Tue, 12 May 1998 22:57:39 -0400 From: Larry Horn Subject: RE: [CANSLIM] Corrected files now on the server I'm sorry for the difficulties I have caused with getting the correct data posted to the ftp server. The problem is that I entered in the data incorrectly for %Mgmt for all cos on 5-1-98 and DLTK's RS value. I just posted the correct data in Frank's file on my web site. The files Frank listed below do indeed have the data that I originally posted but again I made a mistake on the %Mgmt... www.duke.edu/~clhorn/canslim Thanks for your patience. And I hope people find this useful, I think it is. Feedback is appreciated. By the way, if you're interested, about 100 of you download the latest file each week. 69 so far this week. As always, please check the data yourself as I could easily have made a typo. Enjoy! Larry Horn - -----Original Message----- From: Frank V. Wolynski [SMTP:Wolynski@mindspring.com] Sent: Tuesday, May 12, 1998 7:16 PM To: canslim@mail.xmission.com Subject: [CANSLIM] Corrected files now on the server Jeff has swiftly moved the files to the ftp server, which I have dutifully checked and downloaded the new files to verify they are indeed the ones intended. They are the correct files. I didn't have a problem with the display of the .csv file. It behaved as the other .xls file did. Both prompting for a "Save to disk" verification. Regards, Frank Wolynski ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/98WkRvw.xls ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/98WkRvw.csv There is a quirk with the way my webserver handles the second file. Instead of being downloaded directly to my local disk, it is displayed in my browser. If people want this file on their local disk, they can go to the "File" menu of the browser, and then select the "Save As" option. At 18:40 5/12/98 -0400, Frank V. Wolynski wrote: >The files have been corrected and reup'd to the ftp server. Jeff will now >have to move the files to the public accessible area and they will be >available. > >Frank Wolynski > >At 17:33 5/12/98 -0400, Larry Horn wrote: >>I found 2 errors in the data that is now available in the files mentioned >below. I have sent a message to Frank W. and I think he will correct it. >First, the %Mgmt is wrong for all of the cos on 5-1-98. The %Mgmt is >correct on 5-8-98. And second, DLTK's RS was 87 not 897. Please remember >that I type all of this in and there could easily be other typos that are >not so obvious. Please check the data yourself. >> >>Frank's combination of all of my spreadsheets looks useful for spotting >trends. It's more like a movie than a snapshot. >> >>Larry >> >>-----Original Message----- >>From: Jeff Salisbury [SMTP:jeff@scrooge.csd.sdl.usu.edu] >>Sent: Tuesday, May 12, 1998 10:16 AM >>To: Frank V. Wolynski >>Cc: canslim@xmission.com >>Subject: [CANSLIM] Re: Files uploaded for the Canslim Discussion Group >> >>On May 12, 7:21am, Frank V. Wolynski wrote: >>> Subject: Files uploaded for the Canslim Discussion Group >>> Hi Jeff, >>> >>> I have uploaded two files for the canslim discussion group: >>> 98Wkrvw.xls >>> 98Wkrvw.csv >>> >>> They are all of Larry Horn's Excel Spreadsheets concatenated together and >>> sorted. Larry has given his enthusiastic okay for this posting. >>> >>> Thanks, >>> Frank Wolynski >>>-- End of excerpt from Frank V. Wolynski >> >>Frank, >> >>Your two files are now available for everyone to download at: >> >> ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/98WkRvw.xls >> ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/98WkRvw.csv >> >>There is a quirk with the way my webserver handles the second file. >Instead of >>being downloaded directly to my local disk, it is displayed in my browser. > If >>people want this file on their local disk, they can go to the "File" menu of >>the browser, and then select the "Save As" option. >> >>Best Regards, >> >>Jeff >> >>PS Thanks for the great contributions you have made to our group. >> >>- >> >> >>- >> >> > >- > > - - - - ------------------------------ Date: Tue, 12 May 1998 22:14:38 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Selling NOBH Help This is a multi-part message in MIME format. - ------=_NextPart_000_00DF_01BD7DF3.5A4D9240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'd have probably been gone at 16.00, definitely now, over 50% gain, = yeah I'm gone and saying thank you, especially with the run up its had in the past few days. I wouldn't be buying more now though, its getting extended pretty far = from last base of about 15.50 or so. You could just watch close, and = not give more than a couple dollars back, you know if it slips back say = 2.00 sell, if not hold and maybe it goes to 30.00, but remember one of my biggest problems is letting my profits run. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_00DF_01BD7DF3.5A4D9240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'd have probably been gone at 16.00, = definitely now,=20 over 50% gain, yeah I'm gone and saying thank you,
especially with the run up its had in the = past few=20 days.
I wouldn't be buying more now though, = its=20 getting extended pretty far from last base of about 15.50 or so.  = You could=20 just watch close, and not give more than a couple dollars back, you know = if it=20 slips back say 2.00 sell, if not hold and maybe it goes to 30.00,
but remember one of my biggest problems is letting my profits = run.
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_00DF_01BD7DF3.5A4D9240-- - - ------------------------------ Date: Tue, 12 May 1998 23:22:40 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Not a Pretty Day Russell 2000 looks to be in trouble, needs to pull out of it soon! My calculations place the OTC Advance/Decline line at a new 1 year low and still in a steep decline. I was watching this one yesterday and thinking, one not so great day of advancers and we get a new low. Well, we got it. New Hi's and Lo's look to be biased pretty heavy toward not breaking any new Hi ground soon. This looks to be one of those dips from which you trend line from the next retest looking for divergences and reversals! We need some real buying to come in to turn these technicals around. And a few last hour arbitrage computer program houses aren't gonna do it. Not a good sign my friends. Frank Wolynski - - ------------------------------ Date: Wed, 13 May 1998 00:06:42 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Watchlist - CBUK Ticker: CBUK Co: Cutter & Buck EPS/RS: 94/90 A/D: B % Annual Earnings Growth: 115% Qtrly EPS % Change: 100 and rising Qtrly Sales % Change: 67 and rising Float: 4.2 mil Funds own: 22% Group: Textile - Apparel Manufacturers, #63 out of 197. Was 85 last week. Since I can't justify the DGO pricing, that is all the fundys I have. And all I might add came from IBD. Technically it rose nicely from single touch of its 200ma on 10/22/97. It hasn't touched the 200ma since. In late Feb, early March it ceased the right side of the cup/bowl, doggy dish, whatever and started a base ranging from 24 3/4 to 28. It appears to be holding nicely above its 50ma, however in the past 2 weeks Money flow has turned very slightly negative. Tea Leaves of things to come? Maybe, but I haven't seen as nice a base since ANLT last fall. It hasn't broken out of the base yet, but looks like a candidate. Frank Wolynski ( Often wrong, plan accordingly.) - - ------------------------------ Date: Wed, 13 May 1998 00:23:00 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Watchlist - CBUK Correction: # Funds Own: 22 (22 funds own it, rather than percentage owned by funds.) P.S. Only 2 charts in the IBD NASDAQ Stocks in the News have an EPS in the 90's. 4 charts have EPS's in the 80's, the rest are pretty low, even as low as a 5 and a 6. Wow, I know you're dying to know who those guys are! Well I'm not telling! Doesn't that seem a contradiction though? CANSLIM as propossed by O.B. WON mandates high EPS's, but yet the IBD gives us charts with 5's and 6's. Haven't the editors of IBD read his book!!!!? I can think of many other things I'd rather see charts of before I begin looking at the EPS ranks below 6, or even 25, even 50 or 70. Do we need to see the lowest 6% in the OTC? Frank At 00:06 5/13/98 -0400, Frank V. Wolynski wrote: >Ticker: CBUK >Co: Cutter & Buck >EPS/RS: 94/90 >A/D: B >% Annual Earnings Growth: 115% >Qtrly EPS % Change: 100 and rising >Qtrly Sales % Change: 67 and rising >Float: 4.2 mil >Funds own: 22% >Group: Textile - Apparel Manufacturers, #63 out of 197. Was 85 last week. > >Since I can't justify the DGO pricing, that is all the fundys I have. And >all I might add came from IBD. > >Technically it rose nicely from single touch of its 200ma on 10/22/97. It >hasn't touched the 200ma since. In late Feb, early March it ceased the >right side of the cup/bowl, doggy dish, whatever and started a base ranging >from 24 3/4 to 28. It appears to be holding nicely above its 50ma, however >in the past 2 weeks Money flow has turned very slightly negative. Tea >Leaves of things to come? Maybe, but I haven't seen as nice a base since >ANLT last fall. > >It hasn't broken out of the base yet, but looks like a candidate. > >Frank Wolynski >( Often wrong, plan accordingly.) > > > >- > > - - ------------------------------ Date: Wed, 13 May 1998 00:23:00 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Watchlist - CBUK Correction: # Funds Own: 22 (22 funds own it, rather than percentage owned by funds.) P.S. Only 2 charts in the IBD NASDAQ Stocks in the News have an EPS in the 90's. 4 charts have EPS's in the 80's, the rest are pretty low, even as low as a 5 and a 6. Wow, I know you're dying to know who those guys are! Well I'm not telling! Doesn't that seem a contradiction though? CANSLIM as propossed by O.B. WON mandates high EPS's, but yet the IBD gives us charts with 5's and 6's. Haven't the editors of IBD read his book!!!!? I can think of many other things I'd rather see charts of before I begin looking at the EPS ranks below 6, or even 25, even 50 or 70. Do we need to see the lowest 6% in the OTC? Frank At 00:06 5/13/98 -0400, Frank V. Wolynski wrote: >Ticker: CBUK >Co: Cutter & Buck >EPS/RS: 94/90 >A/D: B >% Annual Earnings Growth: 115% >Qtrly EPS % Change: 100 and rising >Qtrly Sales % Change: 67 and rising >Float: 4.2 mil >Funds own: 22% >Group: Textile - Apparel Manufacturers, #63 out of 197. Was 85 last week. > >Since I can't justify the DGO pricing, that is all the fundys I have. And >all I might add came from IBD. > >Technically it rose nicely from single touch of its 200ma on 10/22/97. It >hasn't touched the 200ma since. In late Feb, early March it ceased the >right side of the cup/bowl, doggy dish, whatever and started a base ranging >from 24 3/4 to 28. It appears to be holding nicely above its 50ma, however >in the past 2 weeks Money flow has turned very slightly negative. Tea >Leaves of things to come? Maybe, but I haven't seen as nice a base since >ANLT last fall. > >It hasn't broken out of the base yet, but looks like a candidate. > >Frank Wolynski >( Often wrong, plan accordingly.) > > > >- > > - - ------------------------------ Date: Wed, 13 May 1998 00:05:45 -0700 From: Mike Lucero Subject: RE: [CANSLIM] Watchlist - CBUK That's just how it works. I think it shows you stocks hitting new highs, not too extended, ranked by group strength, until all the squares are filled up. It's good to notice when low EPS rank stocks are showing up in that section. Mike On Tuesday, May 12, 1998 9:23 PM, Frank V. Wolynski [SMTP:Wolynski@MindSpring.Com] wrote: > Correction: > # Funds Own: 22 (22 funds own it, rather than percentage owned by funds.) > > P.S. > Only 2 charts in the IBD NASDAQ Stocks in the News have an EPS in the 90's. > 4 charts have EPS's in the 80's, the rest are pretty low, even as low as a > 5 and a 6. Wow, I know you're dying to know who those guys are! Well I'm > not telling! > > Doesn't that seem a contradiction though? > CANSLIM as propossed by O.B. WON mandates high EPS's, but yet the IBD gives > us charts with 5's and 6's. Haven't the editors of IBD read his book!!!!? I > can think of many other things I'd rather see charts of before I begin > looking at the EPS ranks below 6, or even 25, even 50 or 70. Do we need to > see the lowest 6% in the OTC? > > Frank > > At 00:06 5/13/98 -0400, Frank V. Wolynski wrote: > >Ticker: CBUK > >Co: Cutter & Buck > >EPS/RS: 94/90 > >A/D: B > >% Annual Earnings Growth: 115% > >Qtrly EPS % Change: 100 and rising > >Qtrly Sales % Change: 67 and rising > >Float: 4.2 mil > >Funds own: 22% > >Group: Textile - Apparel Manufacturers, #63 out of 197. Was 85 last week. > > > >Since I can't justify the DGO pricing, that is all the fundys I have. And > >all I might add came from IBD. > > > >Technically it rose nicely from single touch of its 200ma on 10/22/97. It > >hasn't touched the 200ma since. In late Feb, early March it ceased the > >right side of the cup/bowl, doggy dish, whatever and started a base ranging > >from 24 3/4 to 28. It appears to be holding nicely above its 50ma, however > >in the past 2 weeks Money flow has turned very slightly negative. Tea > >Leaves of things to come? Maybe, but I haven't seen as nice a base since > >ANLT last fall. > > > >It hasn't broken out of the base yet, but looks like a candidate. > > > >Frank Wolynski > >( Often wrong, plan accordingly.) > > > > > > > >- > > > > > > > - - ------------------------------ Date: Wed, 13 May 1998 06:06:30 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] IBD Stocks in the News (was Watchlist - CBUK) Frank, the key is that these are stocks in the news, and for whatever the reason (maybe a slow news day) IBD elected to feature them. Doesn't mean they are viable CANSLIM candidates, just in the news. If their industry generally lacks current earnings (e.g. internet related, and some telecom, for example) then this may explain some of this. But just because IBD features a stock due to news doesn't make it a "recommendation". Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; canslim@mail.xmission.com Date: Wednesday, May 13, 1998 12:20 AM Subject: Re: [CANSLIM] Watchlist - CBUK >P.S. >Only 2 charts in the IBD NASDAQ Stocks in the News have an EPS in the 90's. >4 charts have EPS's in the 80's, the rest are pretty low, even as low as a >5 and a 6. Wow, I know you're dying to know who those guys are! Well I'm >not telling! > >Doesn't that seem a contradiction though? >CANSLIM as propossed by O.B. WON mandates high EPS's, but yet the IBD gives >us charts with 5's and 6's. Haven't the editors of IBD read his book!!!!? I >can think of many other things I'd rather see charts of before I begin >looking at the EPS ranks below 6, or even 25, even 50 or 70. Do we need to >see the lowest 6% in the OTC? > >Frank - - ------------------------------ Date: Wed, 13 May 1998 06:19:39 -0400 From: "Tom Worley" Subject: [CANSLIM] World Markets Well, that should teach me about posting anything on the world markets so early. Japan reversed its early drop to close up fractionally, while much of the rest of Asia sold off, some big time. Indonesia was down 7.5%, Singapore down 6%, Hong Kong down 3%. Helping balance out the region was China and S. Korea, both up nearly 1.5%. Futures on NASDAQ down about a third of a percent at this point. So far, yahoo isn't giving many quotes on European mkts, don't know why. May have to find another website for intl mkts. Tom W - - ------------------------------ Date: Wed, 13 May 1998 07:11:57 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] World Markets Tom try these guys. Don't know how timely, I haven't been checking regularly, but the updated as of date/time is posted right on the page. Just click on the "International Stock Indexes" region you desire. http://cbs.marketwatch.com/data/gfa.htx Frank Wolynski At 06:19 5/13/98 -0400, Tom Worley wrote: >Well, that should teach me about posting anything on the world markets >so early. Japan reversed its early drop to close up fractionally, >while much of the rest of Asia sold off, some big time. Indonesia was >down 7.5%, Singapore down 6%, Hong Kong down 3%. Helping balance out >the region was China and S. Korea, both up nearly 1.5%. > >Futures on NASDAQ down about a third of a percent at this point. > >So far, yahoo isn't giving many quotes on European mkts, don't know >why. May have to find another website for intl mkts. > >Tom W > - - ------------------------------ Date: Wed, 13 May 1998 07:44:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] World Markets Tried them this morning, no good for what I want. They only cover a limited nr of the mkts, I guess what's important to them. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; CANSLIM Date: Wednesday, May 13, 1998 7:09 AM Subject: Re: [CANSLIM] World Markets >Tom try these guys. Don't know how timely, I haven't been checking >regularly, but the updated as of date/time is posted right on the page. >Just click on the "International Stock Indexes" region you desire. > >http://cbs.marketwatch.com/data/gfa.htx > >Frank Wolynski > >At 06:19 5/13/98 -0400, Tom Worley wrote: >>Well, that should teach me about posting anything on the world markets >>so early. Japan reversed its early drop to close up fractionally, >>while much of the rest of Asia sold off, some big time. Indonesia was >>down 7.5%, Singapore down 6%, Hong Kong down 3%. Helping balance out >>the region was China and S. Korea, both up nearly 1.5%. >> >>Futures on NASDAQ down about a third of a percent at this point. >> >>So far, yahoo isn't giving many quotes on European mkts, don't know >>why. May have to find another website for intl mkts. >> >>Tom W >> > > >- > - - ------------------------------ Date: Wed, 13 May 1998 06:12:09 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] World Markets Tom, I have some luck with the following international sites. Bloomberg seems better at times for bonds and funds than it does for market indicies. Singapore Business Times sites seem the best for timely updates. http://www.asia1.com.sg/btstocks/ http://www.asia1.com.sg/biztimes/3/mkts.html http://www.bloomberg.com/markets/index.html http://www.bloomberg.com/markets/iyc.html I'm interested in learning sites others are using. kent - - ------------------------------ Date: Wed, 13 May 1998 06:21:25 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] World Markets I should have included this one too, they have expensive services and they a;so have a lot of free data. kent http://www.info.ft.com/afx/markets/ - - ------------------------------ Date: Wed, 13 May 1998 08:24:27 -0400 From: "Tom Worley" Subject: [CANSLIM] Futures volatile this morning Been watching the futures a little closer than usual today. Around 5:30AM or so (EST) NASDAQ was down about 4.4 pts, but shortly after were showing unchanged. About an hour later, they were again down over 4 pts (failed rally??). As we approached 8AM, they were UP over 4 pts, later moving to up over 6 pts (about a half percent gain), but now again appear to be slipping, only up 1.5 pts as of 8:20AM. In the same overall time span, the S&P500 futures were essentially neutral, swinging from a fraction of a pt down to a fraction of a pt up and back. Looks like it may be hard to call the open, much less the day. Tom W - - ------------------------------ Date: Wed, 13 May 1998 09:15:01 -0400 From: David Smith Subject: Re: [CANSLIM] Futures volatile this morning The NASDAQ activity is very interesting..at what site do you get this info??? At 08:24 AM 5/13/98 -0400, you wrote: >Been watching the futures a little closer than usual today. Around >5:30AM or so (EST) NASDAQ was down about 4.4 pts, but shortly after >were showing unchanged. About an hour later, they were again down over >4 pts (failed rally??). As we approached 8AM, they were UP over 4 pts, >later moving to up over 6 pts (about a half percent gain), but now >again appear to be slipping, only up 1.5 pts as of 8:20AM. In the same >overall time span, the S&P500 futures were essentially neutral, >swinging from a fraction of a pt down to a fraction of a pt up and >back. > >Looks like it may be hard to call the open, much less the day. > >Tom W > > > >- > - - ------------------------------ Date: Wed, 13 May 1998 09:21:16 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Watchlist - CBUK Mike Lucero wrote: > > That's just how it works. I think it shows you stocks hitting new highs, > not too extended, ranked by group strength, until all the squares are > filled up. It's good to notice when low EPS rank stocks are showing up in > that section. > > Mike > > On Tuesday, May 12, 1998 9:23 PM, Frank V. Wolynski > [SMTP:Wolynski@MindSpring.Com] wrote: > > Correction: > > # Funds Own: 22 (22 funds own it, rather than percentage owned by funds.) > > > > P.S. > > Only 2 charts in the IBD NASDAQ Stocks in the News have an EPS in the > 90's. > > 4 charts have EPS's in the 80's, the rest are pretty low, even as low as > a > > 5 and a 6. Wow, I know you're dying to know who those guys are! Well I'm > > not telling! > > > > Doesn't that seem a contradiction though? > > CANSLIM as propossed by O.B. WON mandates high EPS's, but yet the IBD > gives > > us charts with 5's and 6's. Haven't the editors of IBD read his book!!!!? > I > > can think of many other things I'd rather see charts of before I begin > > looking at the EPS ranks below 6, or even 25, even 50 or 70. Do we need > to > > see the lowest 6% in the OTC? > > > > Frank > > > > At 00:06 5/13/98 -0400, Frank V. Wolynski wrote: > > >Ticker: CBUK > > >Co: Cutter & Buck > > >EPS/RS: 94/90 > > >A/D: B > > >% Annual Earnings Growth: 115% > > >Qtrly EPS % Change: 100 and rising > > >Qtrly Sales % Change: 67 and rising > > >Float: 4.2 mil > > >Funds own: 22% > > >Group: Textile - Apparel Manufacturers, #63 out of 197. Was 85 last > week. > > > > > >Since I can't justify the DGO pricing, that is all the fundys I have. > And > > >all I might add came from IBD. > > > > > >Technically it rose nicely from single touch of its 200ma on 10/22/97. > It > > >hasn't touched the 200ma since. In late Feb, early March it ceased the > > >right side of the cup/bowl, doggy dish, whatever and started a base > ranging > > >from 24 3/4 to 28. It appears to be holding nicely above its 50ma, > however > > >in the past 2 weeks Money flow has turned very slightly negative. Tea > > >Leaves of things to come? Maybe, but I haven't seen as nice a base since > > >ANLT last fall. > > > > > >It hasn't broken out of the base yet, but looks like a candidate. > > > > > >Frank Wolynski > > >( Often wrong, plan accordingly.) > > > > > > > > > > > >- > > > > > > > > > > > > > > -Mike.You say it's good to notice low EPS's.Please explain.Thanks. - - ------------------------------ Date: Wed, 13 May 1998 10:23:35 -0400 From: Tapas Banerjee Subject: Re: [CANSLIM] US funds expecting economic slowdown In this context I'm curious to know, how best to allocate my mutual fund holdings e.g. 401K. Possible options look to me are: 1. Move money from Stock to Bond funds 2. Move to Contrarian funds. 3. Overseas funds 4. Move money in money market Initially I thought overseas fund may be the better options as the prices may be low owing to Asian recession, but based on Tom's= analysis it seems not a very good option. I'm also interested to f= ind out whether the fund manager themselves reallocates the fund based= on market conditions e.g. move stocks to bonds during market downturn= . Appreciate any advise/ideas on this. Thanks, - Tapas = - - ------------------------------ Date: Wed, 13 May 1998 11:08:03 -0400 From: Connie Mack Rea Subject: [CANSLIM] Discount Brokers: Cover your butt. Members-- I've seen several requests and comments on discount brokers. Here is a useful URL of four pages of brokers. On the last page is a URL and further list with rankings and comments. [http://www.smallcapinvestor.com/discount.asp] Some pretty scary stuff in the comments. A month or so ago I did see in Barron's a comment on discount brokers. Sorry not to have the exact date. Connie Mack - - ------------------------------ Date: Wed, 13 May 1998 08:24:49 -0700 From: Tim Fisher Subject: [CANSLIM] EQNX CLST EQNX -Nice breakout yesterday, maybe too extended already? Anyway great CANSLIM #s, refer to my posted scan results of last week. BTW what the heck happened to CLST Cellstar the past couple days? They had to release an announcement that they were comfy with estimates and groused about the shorts in the same release (below). Not a time to get in per WON but could this be a buying opportunity anyway? CellStar "comfortable" with earnings forecast NEW YORK, May 12 (Reuters) - CellStar Corp. (CLST - news) President Richard Gozia said he is comfortable with Wall Street forecasts that the Texas-based cellular telephone distributor will report higher fiscal second quarter earnings. ``We are still comfortable with the earnings estimates from the analysts for the quarter and the year,'' Gozia said. ``We are going to have a record year.'' Analysts surveyed by First Call expect CellStar to earn $0.53 per share in its second quarter ending May 31, up from $0.47 in the first quarter and $0.48 a year earlier. The company is forecast to earn $2.32 per share for the full fiscal year. Gozia was responding to questions from Reuters about the sharp swings this week in the company's stock price. The stock was up 2-3/4 at 28-5/8 at midday. On Monday it closed down 4-7/32 at 25-7/8 with 1.9 million shares changing hands. Gozia said he knew of no reason behind Monday's tumble in the stock. Tuesday's gains came after several analysts reiterated strong buy ratings on the stock, he added. ``I have been talking to shareholders assuring them that any kind of rumors that the shorts are putting out are not genuine, and we are seeing some rebound,'' Gozia said. ``Historically the stock has had swings like this, but to me, they are buying opportunities,'' said analyst Seth Potter of Sands Brothers & Co. Sands Brothers maintains its strong buy rating on the stock with a target price of $50. Potter forecasts that Cellstar will earn $0.53 per share in its second quarter. Short interest in the stock is over three million shares, about 10 percent of the float, Potter said. Some 34 to 35 percent of the total float is owned by insiders. Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ End of canslim-digest V2 #236 ***************************** 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.