From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #243 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 Tuesday, May 19 1998 Volume 02 : Number 243 In this issue: Re: [CANSLIM] HAL, RIG (was Oil related stocks) [CANSLIM] Re: Canslim investment strategy [CANSLIM] IHTL (formerly CSTA)? [CANSLIM] Schwab website RE: [CANSLIM] Schwab website Re: [CANSLIM] Schwab website RE: [CANSLIM] TJX and LBOR [CANSLIM] Hello Re: [CANSLIM] Re: Canslim investment strategy [CANSLIM] market internals Re: [CANSLIM] Schwab website [CANSLIM] VectorVest RE: [CANSLIM] Selections from"Your Weekend Review" [CANSLIM] CNBC Squawk Box Re: [CANSLIM] Quotes Plus Charts Re: [CANSLIM] IHTL (formerly CSTA)? Re: [CANSLIM] HIBB Re: [CANSLIM] market internals Re: [CANSLIM] CNBC Squawk Box [CANSLIM] Members not receiving OBV/MF technicals. Re: [CANSLIM] HIBB Re: [CANSLIM] Hello Re: [CANSLIM] Members not receiving OBV/MF technicals. Re: [CANSLIM] Schwab and Stops (Was TJX and LBOR) Re: [CANSLIM] market internals [CANSLIM] Connie, just received Re: [CANSLIM] Members not receiving OBV/MF technicals. [CANSLIM] Finance - Full Closing Bell @ 05/18/98 (1 stories) Re: [CANSLIM] HTSR, CBR (was Hello) Re: [CANSLIM] Finance - Full Closing Bell @ 05/18/98 (1 stories) Re: [CANSLIM] Members not receiving OBV/MF technicals. [CANSLIM] RXSD Breakout Re: [CANSLIM] market internals [CANSLIM] BNYN High tight flag? Re: [CANSLIM] RXSD Breakout ---------------------------------------------------------------------- Date: Mon, 18 May 1998 19:20:02 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] HAL, RIG (was Oil related stocks) Tom, Forget HAL & RIG for the time being. Just bit the bullet and subscribed to DGO for 1 month. A look at both charts combined with todays action tells me we'll at least see some consolidation in these stocks for a while. At 09:54 PM 17-05-98 +0200, you wrote: >Tom, > >I know what the fundamentals are per DGO. Now please take a look at the >chart, as I suggested, and let me know what it tells you. I'll do the same >myself, because I haven't looked at it for more than 14 days. Didn't have >to: 100% cash and only worry I had the last 14 days was wether I would take >a swim in the pool or in the Gulf. B^) > >BTW, did DGO go 'subscribers-only' while I was awy or did I 'forget' my >password? > >At 08:25 AM 01-05-98 -0400, you wrote: >>HAL - PE 29, earnings growing but rev flat, basing >>RIG - PE 32, earnings growing faster than revenues, basing >> >>Both have current RS in low 60s. Probably not a lot of downside here >>unless there is further deterioration in oil products pricing. If >>prices increase, revenues and earnings should both improve, along with >>RS eventually. >> >>Tom W >> >>-----Original Message----- >>From: Johan Van Houtven >>To: canslim@lists.xmission.com >>Date: Thursday, April 30, 1998 9:36 AM >>Subject: Re: [CANSLIM] Oil related stocks >> >> >>>Tom, >>> >>>Take a look at HAL, RIG, etc and tell me what the chart says... >>> >>> >> >> >> >>- >> >> > >Johan Van Houtven >CLICK! N.V. / Wilrijk, Belgium > > >- > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Mon, 18 May 1998 13:08:01 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Canslim investment strategy Hello Members, It's been about six months since I've watched this message board, and 2 when I've begun posting. As with life in general, personalitites, perspectives, comfort level, interpretation all play some part in CANSLIM. Personally, I think differences of opinion are healthy. Sharing and bouncing ideas are vital to fine tuning one's investment style. Even though this is a CANSLIM board, there are variances. For me, that's good. I sense tremendous support here, professionalism and consideration. Constructive criticism is the way I'm going to learn and improve. Once again and probably many more times in the future, I thank Tom, Connie and all of you for your sharikng of ideas. I need not agree with everything, but I respect your knowledge. Regards, Mary - - ------------------------------ Date: Mon, 18 May 1998 11:27:54 -0700 From: "Charles A. Wilmot" Subject: [CANSLIM] IHTL (formerly CSTA)? Can anyone tell when Celesta Corp (CSTA) became Innovative Holdings (IHTL) and what the circumstances & conditions were associated with this development? Chuck Wilmot cwilmot@azstarnet.com Charles A. Wilmot cwilmot@azstarnet.com - - ------------------------------ Date: Mon, 18 May 1998 14:42:28 EDT From: ToothDr1 Subject: [CANSLIM] Schwab website Hello Canslimers, Several weeks ago I remembered that TomW was trying to decide which broker he was going to use. If I recall correctly he left Datek and ended up with Schwab. I am suffering from DGO withdrawals and looking for sites that have the necessary Canslim information. If Tom W and others here have a Schwab account, they give you accesss to research but I don't know how it co-relates with DGO. Their charting service is by default Big Charts. This would indicate that they may have good information as well. To access the information you need to obtain a password along with an account number. Any comments would be appreciated. Dr. Jim - - ------------------------------ Date: Mon, 18 May 1998 11:54:24 -0700 From: "Bob Jagow" Subject: RE: [CANSLIM] Schwab website Only things of note at schwab IMO are DJ and Vickers. > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of ToothDr1 > Sent: Monday, May 18, 1998 11:42 AM > To: canslim@xmission.com > Subject: [CANSLIM] Schwab website > > > Hello Canslimers, > > Several weeks ago I remembered that TomW was trying to decide > which broker he > was going to use. If I recall correctly he left Datek and ended up with > Schwab. I am suffering from DGO withdrawals and looking for > sites that have > the necessary Canslim information. If Tom W and others here have a Schwab > account, they give you accesss to research but I don't know how > it co-relates > with DGO. Their charting service is by default Big Charts. This would > indicate that they may have good information as well. > To access the information you need to obtain a password along > with an account > number. > Any comments would be appreciated. > > Dr. Jim > > - > - - ------------------------------ Date: Mon, 18 May 1998 11:57:44 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Schwab website I have an E-Schwab acct. and I don't see much there that isn't available elsewhere - the First Call estimates used to be exclusive but last week they showed up on Yahoo. So I don't think anything is there that you can't get without a Schwab acct., at least as far as CANSLIM numbers. At 11:42 AM 5/18/98 , you wrote: >Hello Canslimers, > >Several weeks ago I remembered that TomW was trying to decide which broker= he >was going to use.=A0 If I recall correctly he left Datek and ended up with >Schwab.=A0 I am suffering from DGO withdrawals and looking for sites that= have >the necessary Canslim information. If Tom W and others here have a Schwab >account, they give you accesss to research but I don't know how it= co-relates >with DGO.=A0 Their charting service is by default Big Charts.=A0 This would >indicate that they may have good information as well.=20 >To access the information you need to obtain a password along with an= account >number. >Any comments would be appreciated. > >Dr. Jim > >- >=20 Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Mon, 18 May 1998 12:50:45 -0700 From: Mike Lucero Subject: RE: [CANSLIM] TJX and LBOR Oh, no. You pay their standard commission rate, which I just copied off their website. If you put enough money with them, you can get a 20% discount off this schedule by joining the Schwab500. I'm waiting for them to call me back. Apparently, going through Schwab500, they can tell you how your stock looks using moving averages, MACD, etc. Mike Standard Commissions:Overriding Minimum: $39 per trade.Transaction SizeCommission Rate $0 - 2,499 $30 + 1.7% of principal $2,500 - 6,249 $56 + 0.66% $6,250 - 19,999 $76 + 0.34% $20,000 - 49,999 $100 + 0.22% $50,000 - 499,999 $155 + 0.11% $500,000+ $255 + 0.09% OR the following minimums and maximums: . Minimum ChargeThe greater of the overriding minimum of $39 or $0.09 per share for the first 1,000 shares, plus $0.04 per share thereafter for stocks below $5 per share or $0.05 per share thereafter for stocks $5 per share or greater. On Monday, May 18, 1998 12:50 AM, Tom Worley [SMTP:stkguru@netside.net] wrote: > Mike, > I'm still new to using Schwab, but I think it's only a $10 difference > between using the internet and calling in to do a trade. And I believe > you can use stop loss and stop limit orders on both listed and NASDAQ > stocks. > > Tom W > > -----Original Message----- > From: Mike Lucero > To: 'canslim@lists.xmission.com' > Date: Monday, May 18, 1998 3:31 AM > Subject: [CANSLIM] TJX and LBOR > > > >I bought TJX Tuesday when it broke out, and a little more on it's > pullback. > >I also bought LBOR Thursday, like some other fellow here. > > > >I feel kind of stupid, since I'm going on vacation in a week, and I > planned > >to sell everything by then. Schwab is really expensive if you're not > using > >the Internet, even if you use their automated phone service. Plus, I > don't > >really want to be checking on my positions every day. Do automatic > trailing > >stops exist? > > > >The last two vacations I took (August and October 97) the market > dipped, so > >I thought I'd warn you guys. > > > >Mike > > > >- > > > > > > - - ------------------------------ Date: Mon, 18 May 1998 15:53:02 -0400 From: "PHYLLIS ROBINSON" Subject: [CANSLIM] Hello Hi everyone, I have been attempting tp put my newly learned skills to work. What do you think of : HSTR,EDAC,HDWY,CBR. I also bought Edac at 14, do yuo think this is the right time to get into edac? Thanks, Phyllis - - ------------------------------ Date: Mon, 18 May 1998 15:47:40 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Re: Canslim investment strategy Mary & Members, My thoughts exactly, I couldn't have said it better, and I was certainly pleased to see your post. Ditto on Mary's post for me. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Mon, 18 May 1998 14:01:33 -0800 From: "Patrick Wahl" Subject: [CANSLIM] market internals The broad market seems to be a little weaker than you might think it is from looking only at market averages. The S&P is only down a few points in the last 2 weeks, but the A/D totals have been negative 9 out of the last 10 days, and the Russell 2000 is back to where it was in mid-March. We might be getting to a short term oversold level, but overall I wonder if we are starting to enter a slow sideways period that might last for a few months. Hard to see a big sell off if bond yields remain where they are, but maybe if there are enough earnings shocks next quarter things could get ugly. Also, should the fed crank up interest rates, that might not be a happy event for the market. Some of the economic numbers last week showed a little more economic strength than was expected, so a rate hike is not out of the question at some point in the next few months. Any other opinions on this are welcome. I also don't know anything (I think it is Frank and Joe who way that, count me in on that), so take all this with a grain of salt or two. - - ------------------------------ Date: Mon, 18 May 1998 16:19:22 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Schwab website For those interested in schwab, and there "500 club". Requirements for the club are 50,000 min account, and min of 4 trades per month. Internet trading is still 29.95 one way, no savings from the standard account. There is a screening program available, you cannot plug in specific parameters, there is a selection to choose from, canslim candidates could not be screened. Breaking out stocks could not be screened. For me its worthless, although others may get more from it, I'm not the best with screens. Research is much better, S&P Report, S&P Industry Report, S&P News Storys, First Call Earnings, First Call Valuations, Vickers, Argus Company Report, Business wire earnings announcements, Business wire press releases, Schwab company report, and Market Guide ProVestor Plus Report. You can also set up to be notified on updates by e-mail. Hope that helped answer a few of your questions don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Mon, 18 May 1998 16:06:08 -0400 (EDT) From: ToothDr1 Subject: [CANSLIM] VectorVest Canslimers, CohenInvGr,posted some financial sites including VectorVest. Does anyone subscribe to their service? If so is it worthwhile? TIA Dr. Jim - - ------------------------------ Date: Mon, 18 May 1998 11:50:51 -0400 From: Larry Horn Subject: RE: [CANSLIM] Selections from"Your Weekend Review" Frank Sorry about that. I just corrected that error too. I think that's all of them. Thanks for letting me know. Larry - -----Original Message----- From: Frank V. Wolynski [SMTP:Wolynski@mindspring.com] Sent: Monday, May 18, 1998 11:36 AM To: canslim@lists.xmission.com; 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Selections from"Your Weekend Review" I just got this error myself: 404 Not Found The requested URL /~clhorn/canslim/98wkrvw.csv was not found on this server. Thanks Larry, Frank At 09:38 AM 5/18/98 -0400, Larry Horn wrote: >I was just informed that there was a file not found error >for this weeks .xls file. I just corrected it. > >Larry Horn > >-----Original Message----- >From: Larry Horn [SMTP:clhorn@acpub.duke.edu] >Sent: Sunday, May 17, 1998 9:02 PM >To: CANSLIM (E-mail) >Subject: [CANSLIM] Selections from"Your Weekend Review" > >I just posted my selections from "Your Weekend Review" at >www.duke.edu/~clhorn/canslim. - - ------------------------------ Date: Mon, 18 May 1998 15:13:01 PDT From: "Charles Morgan" Subject: [CANSLIM] CNBC Squawk Box Hey everybody, For those interested, CNBC Squawk Box has a little thing they do before the Fed meetings. They watch and video Mr. Greenspan arriving at the meeting. Then based on the size of his briefcase determine whether interest rates will stay the same. CNBC reviewed video from many past meetings and think they have a good thing going. The feeling being that the fatter the briefcase the more likely a rate change(Mr. Greenspan's facts for his position of changing rates). The last few meetings that I was able to view Mr. Greenspan's briefcase, it was pretty flat and rates stayed the same. I am not sure how accurate this is, but I am definitely going to watch the next two meetings to see if it is accurate. The start time for Squawk Box is 8:00 a.m. Eastern Standard Time, USA. By the way, I do not work in television or for CNBC. Chuck ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Mon, 18 May 1998 19:05:06 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Quotes Plus Charts Johan, Here are 4 charts in TIF file format. ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/dell0log.tif ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/dell15lg.tif ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/dell35lg.tif ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/dell8log.tif I used them instead of JPG because they are about 1/10 the size (which I just discovered today). The 4 chart files are of DELL. They demonstrate several things I like about QP charts - but there are quite a few more. I noticed I did not show you a wide and loose looking chart that shows as fairly tight on a 10% log. I will look for one tonight. IMPORTANT - if your viewer for TIF files has the option to display at varying sizes, be sure to set it for 100% to get a good image. 1) File DELL0LOG.tif is the closest QP comes to a DGO chart. It is about a year long. I almost never use this type of chart in QP - not enough useful info. I have requested to Gary at QP that he allow one to force QP to choose "even boundaries" when drawing this type of chart (ie. - draw the gridlines at 50 1/2, 51, 51 1/2, 52, or whatever to scale it to the screen). 2) File DELL15LG.tif is a 15% semi-log one year chart. The vertical purple line to the left is the "date" bar. It is on the date 06/17/97 and shows how easy it is to see high and low values for any given date. The green line is a 50 dma (simple) and the red line is 10 dma. The blue line is 200 dma. Note that the long base from October 1997 to January/February 1998 is about a 40% base (the 15% grid lines make it easy). Note that the March thru April 1998 base is about a 15% base - nice and tight. Note that it advanced about 30% from the most recent breakout at its peak. Notice that only after advancing 30% did it violate the 10 dma. What a polite stock :-) . 3) File DELL35LG.tif is a 35% semi-log two year weekly chart. A weekly chart like this makes it easy to count the weeks in a base. In the case of DELL it makes it clear that it has been a stellar performer, only coming close to its 200dma on one occassion. It will sometimes bring out volume characteristics on the weekly chart that cannot be seen on the daily chart. Note that up volume is green, down volume is red. In the case of DELL - because it is such a large and heavily traded stock - the normal volume clues we look for in CS are frequently absent. It is not unusual for breakouts to occur on average volume and for the heavy buying to appear a day or two later. 4) File DELL8LOG.tif is an 8% semi-log daily chart. Observe that on the most recent base (starting with the purple line) on 02/27/98 had very high volume and a somewhat "wide and loose" behavior compared to the prior advance. Then, about midway in the base, the volume begins to dry up a bit and the behavior becomes much tighter with just one little shakeout. Then, right about where the "0" is in the label "04/22/98" you will see three days of down volume (in red) with an extreme dryup in volume on the last day. Followed by three days of accelerating up volume (in green) which is the breakout. Followed by a classic "buyers remorse" type of pullback to re-test the top of the base and the 10dma. The white horizontal lines are lines I have drawn using QP's line draw function (click and pull) to show myself 1) resistance for the breakout (pivot point) - which is the lower line and 2) the old high, which is a secondary pivot point. Note that what on first inspection looks like about a 15-20% base is on closer inspection really tight with all but 1 or 2 days taking place within about a 12% range. This gives you the barest overview of the variety of charts I draw with QP to analyze a stock. Each of the buttons at the top, numbered "1-9" can store a template for a view. For example, when I bring up a chart after punching button #7, I get the exact view you see when viewing the file DELL0LOG.tif. When I punch button #2, I get the 15% log chart you see in the file DELL15LG.tif. When I punch button #5, I get the 2 year Weekly chart (with the log automatically calculated to fit on the screen) you see with DELL35LG.tif. The final chart, DELL8LOG.tif, was hand built by changing the weekly chart to daily (press "D"), changing the number of periods to 85 (press "P" "85" "enter"), and changing the moving averages displayed. Then, if I like the results of this short term chart - I can simply save the format as button #4. Hope this helps. Best regards, Craig - - ------------------------------ Date: Mon, 18 May 1998 19:28:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] IHTL (formerly CSTA)? Chuck, best suggestion I can give you is to either spend some time in the SEC site (www.sec.gov) or else give the company a call. Either should produce the answer, at least in part. Tom W - -----Original Message----- From: Charles A. Wilmot To: canslim@xmission.com Date: Monday, May 18, 1998 2:26 PM Subject: [CANSLIM] IHTL (formerly CSTA)? >Can anyone tell when Celesta Corp (CSTA) became Innovative Holdings (IHTL) >and what the circumstances & conditions were associated with this development? > >Chuck Wilmot >cwilmot@azstarnet.com >Charles A. Wilmot >cwilmot@azstarnet.com > >- > - - ------------------------------ Date: Mon, 18 May 1998 19:39:31 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] HIBB Turned upward today through resistance at 36 1/4 closing and 37 on strong volume. Has been consolidating sideways since the third week of April. See "Your Weekend Review" for CS data. Tony - - ------------------------------ Date: Mon, 18 May 1998 20:05:03 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] market internals At 14:01 5/18/98 -0800, Patrick Wahl wrote: >The broad market seems to be a little weaker than you might think it >is from looking only at market averages. The S&P is only down a few >points in the last 2 weeks, but the A/D totals have been negative 9 >out of the last 10 days, and the Russell 2000 is back to where it was >in mid-March. We might be getting to a short term oversold level, >but overall I wonder if we are starting to enter a slow sideways >period that might last for a few months. Hard to see a big sell off >if bond yields remain where they are, but maybe if there are enough >earnings shocks next quarter things could get ugly. Also, should the >fed crank up interest rates, that might not be a happy event for the >market. Some of the economic numbers last week showed a little more >economic strength than was expected, so a rate hike is not out of the >question at some point in the next few months. > >Any other opinions on this are welcome. I also don't know anything >(I think it is Frank and Joe who way that, count me in on that), so >take all this with a grain of salt or two. > >- I never said I didn't know anything! I know alot! What I said was, I am often wrong! The difference is important to me. :-) Knowing that statistically speaking, 80% of all forcasts and opinions in every field of endeavor are wrong, helps me know alot about my own odds at forecasting. I'm not so certain the markets haven't factored in a no-interest rate hike news story for Tuesday. However, that doesn't mean the markets won't rally on the news. It is just that I don't think anyone is expecting a rate hike at this time. I can't see an anticipated non-event (no change in interest rate policy) as being much of a catalyst for a big rally. Surprise if we don't get word of a rate hike tomorrow? I don't think so. Surprise if we do get word of a rate hike! Yup, I don't think anyone really believed all that 'yadda-yadda' about 'irrational exuberance' anyway. Is the dollar soaring to new highs causing anyone any concern? I haven't heard any talk at all of how expensive american products will be overseas and the effect that will have on earnings. Maybe I'm too early, or WRONG as I often am! However, my questions are, at what level does the dollar rise to receive any concern? What does the Fed do to bring the dollar to a level that spurs foreign purchasing? Frank Wolynski - - ------------------------------ Date: Mon, 18 May 1998 17:30:27 -0700 From: "Ken Davidson" Subject: Re: [CANSLIM] CNBC Squawk Box Hello everyone! Just so you know the CNBC briefcase indicator has so far had a 100% accuracy rate but then again you have to decide what you think is thick or not. On the market basics, June is the strongest up month of the year for expiration cycles. Since 1983 the market has been up 75% of the time. This would cover the time from Friday's close into June 19th. The 25% that has seen lower markets has only seen a maximum of 3% declines. There is definitely more of a chance for an up month. 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. Persons reading this are responsible for their actions. >Hey everybody, > >For those interested, CNBC Squawk Box has a little thing they do before >the Fed meetings. They watch and video Mr. Greenspan arriving at the >meeting. Then based on the size of his briefcase determine whether >interest rates will stay the same. CNBC reviewed video from many past >meetings and think they have a good thing going. The feeling being that >the fatter the briefcase the more likely a rate change(Mr. Greenspan's >facts for his position of changing rates). >The last few meetings that I was able to view Mr. Greenspan's briefcase, >it was pretty flat and rates stayed the same. I am not sure how accurate >this is, but I am definitely going to watch the next two meetings to see >if it is accurate. > >The start time for Squawk Box is 8:00 a.m. Eastern Standard Time, USA. > >By the way, I do not work in television or for CNBC. > >Chuck > >______________________________________________________ >Get Your Private, Free Email at http://www.hotmail.com > >- > > - - ------------------------------ Date: Mon, 18 May 1998 20:41:22 -0400 From: Connie Mack Rea Subject: [CANSLIM] Members not receiving OBV/MF technicals. If any member who has requested my technical files did not receive them in two parts, please let me know. Connie Mack - - ------------------------------ Date: Mon, 18 May 1998 21:25:05 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HIBB Tony, Looks like it's basing out nicely on declining vol. DG (book) shows mngmt at 57% of the issue of 6.4 mil shares, and funds at 52% of the remaining 2.7 mil float (roughly 1.4 mil shares). Management this high would not unduly concern me, funds this high on a relatively thinly traded stock (ADV 40,500) is of concern. And altho GRS is currently 92, I am not confident of consumer spending keeping it this high much longer. Tom W - -----Original Message----- From: Tony Austin To: canslim@lists.xmission.com Date: Monday, May 18, 1998 7:37 PM Subject: Re: [CANSLIM] HIBB > >Turned upward today through resistance at 36 1/4 closing and 37 on strong >volume. Has been consolidating sideways since the third week of April. > >See "Your Weekend Review" for CS data. > >Tony > >- > - - ------------------------------ Date: Mon, 18 May 1998 21:30:17 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Hello Phyllis, I made my 20%+ on HDWY and got out for reasons unrelated to the stock. I thought at the time it was likely to go higher, and it has. EDAC "feels" to me like it's way too extended, but then I own it from $10 just six weeks ago, and a 42% gain however orderly it has been made seems extended. Still, it managed once again to hit another new high today (14.5, old high was 13.875) and close near the high of the day (14.25 bid, 14.5 offered) on heavy volume. So far, with only one or two exceptions, the stock has given me no reason to sell. Thus I have no target in mind, except making money on it. Tom W - -----Original Message----- From: PHYLLIS ROBINSON To: canslim@lists.xmission.com Date: Monday, May 18, 1998 3:52 PM Subject: [CANSLIM] Hello >Hi everyone, I have been attempting tp put my newly learned skills to work. >What do you think of : HSTR,EDAC,HDWY,CBR. I also bought Edac at 14, do yuo >think this is the right time to get into edac? >Thanks, Phyllis > > >- > - - ------------------------------ Date: Mon, 18 May 1998 20:36:23 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Members not receiving OBV/MF technicals. didn't get them Connie, thanks in advance tho, don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Mon, 18 May 1998 18:40:28 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Schwab and Stops (Was TJX and LBOR) With a few exceptions I have run into, that is true. If the NASDAQ has a reason, however bizarre, for not allowing stops on a security, then Schwab won't let you place one. Bidwell, where my 401k is, will let you place a stop on those securities, which they will honor. Recently I could not place stops on RCII and GART in my Schwab account. At 03:49 AM 5/18/98 -0400, you wrote: >Mike, >I'm still new to using Schwab, but I think it's only a $10 difference >between using the internet and calling in to do a trade. And I believe >you can use stop loss and stop limit orders on both listed and NASDAQ >stocks. > >Tom W > >-----Original Message----- >From: Mike Lucero >To: 'canslim@lists.xmission.com' >Date: Monday, May 18, 1998 3:31 AM >Subject: [CANSLIM] TJX and LBOR > > >>I bought TJX Tuesday when it broke out, and a little more on it's >pullback. >>I also bought LBOR Thursday, like some other fellow here. >> >>I feel kind of stupid, since I'm going on vacation in a week, and I >planned >>to sell everything by then. Schwab is really expensive if you're not >using >>the Internet, even if you use their automated phone service. Plus, I >don't >>really want to be checking on my positions every day. Do automatic >trailing >>stops exist? >> >>The last two vacations I took (August and October 97) the market >dipped, so >>I thought I'd warn you guys. >> >>Mike >> >>- >> > > >- > > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 18 May 1998 18:40:42 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] market internals You can bet that if the market closes strongly up tomorrow, the media will be all over the "reilef at the Fed not raising rates" cause (Media Cause #13, I believe). At 08:05 PM 5/18/98 -0400, you wrote: >I'm not so certain the markets haven't factored in a no-interest rate hike >news story for Tuesday. However, that doesn't mean the markets won't rally >on the news. It is just that I don't think anyone is expecting a rate hike >at this time. I can't see an anticipated non-event (no change in interest >rate policy) as being much of a catalyst for a big rally. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 18 May 1998 20:41:59 -0500 From: "Joe Scott" Subject: [CANSLIM] Connie, just received Just received them, I need two isp's here in Rockport, TX, and I still can't get my mail or keep a connection don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Mon, 18 May 1998 19:40:59 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] Members not receiving OBV/MF technicals. Connie, received both, thanks. kent - - ------------------------------ Date: Mon, 18 May 1998 18:47:08 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] Finance - Full Closing Bell @ 05/18/98 (1 stories) Looks like Tom's favorite market news service is setting the stage for the Fed Inaction Cause tomorrow! >* MARKET NEWS: Wall Street stocks ended weaker on Monday as many > buyers sat on their hands ahead of Tuesday's Federal Open Market > Committee meeting against a backdrop of uncertainties in Asia and > other emerging markets. The Dow Jones Industrial Average closed > off 45 points at 9050, well above the day's low of 8999. The > S&P500 index shed three points to 1105. Declining issues sprinted > ahead of advancers by a margin exceeding two-to-one, on light > volume of 522 million shares. The Nasdaq closed off 15 points at > 1831. The benchmark 30-year bond was quoted up 24/32, to yield > 5.92 percent. The dollar, however, slipped against the German > mark, closing at 1.7854, down from the 1.7865 open. The dollar > surged against the Japanese yen closing at 136.22. For the full > text story, see > http://www.infobeat.com/stories/cgi/story.cgi?id=2554219314-21e Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 18 May 1998 21:48:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HTSR, CBR (was Hello) Phyllis, of the other two you mentioned on which I had to do my homework, such as it is, the following comments apply: HTSR - RS of 78 would keep it off my watch list. Timeliness of C would also discourage me. The 25% drop from its highs, and the up/down volume of 0.8, would also be negatives. CBR - off about 20% from its recent highs, but more importantly hitting lower lows. Funds own 40% of the 27 mil share float, and trailing PE still high after this correction at 45. Tom W - -----Original Message----- From: PHYLLIS ROBINSON To: canslim@lists.xmission.com Date: Monday, May 18, 1998 3:52 PM Subject: [CANSLIM] Hello >Hi everyone, I have been attempting tp put my newly learned skills to work. >What do you think of : HSTR,EDAC,HDWY,CBR. I also bought Edac at 14, do yuo >think this is the right time to get into edac? >Thanks, Phyllis > > >- > - - ------------------------------ Date: Mon, 18 May 1998 21:56:53 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Finance - Full Closing Bell @ 05/18/98 (1 stories) Sorry, but I have no favorites when it comes to the media. So far, haven't found any commentators (but myself) who can write/speak rationally and intellectually, and/or with any consistency that lasts more than a few hours. Tom W - -----Original Message----- From: Tim Fisher To: canslim@mail.xmission.com Date: Monday, May 18, 1998 9:44 PM Subject: [CANSLIM] Finance - Full Closing Bell @ 05/18/98 (1 stories) >Looks like Tom's favorite market news service is setting the stage for the >Fed Inaction Cause tomorrow! > >>* MARKET NEWS: Wall Street stocks ended weaker on Monday as many >> buyers sat on their hands ahead of Tuesday's Federal Open Market >> Committee meeting against a backdrop of uncertainties in Asia and >> other emerging markets. The Dow Jones Industrial Average closed >> off 45 points at 9050, well above the day's low of 8999. The >> S&P500 index shed three points to 1105. Declining issues sprinted >> ahead of advancers by a margin exceeding two-to-one, on light >> volume of 522 million shares. The Nasdaq closed off 15 points at >> 1831. The benchmark 30-year bond was quoted up 24/32, to yield >> 5.92 percent. The dollar, however, slipped against the German >> mark, closing at 1.7854, down from the 1.7865 open. The dollar >> surged against the Japanese yen closing at 136.22. For the full >> text story, see >> http://www.infobeat.com/stories/cgi/story.cgi?id=2554219314-21e > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > - - ------------------------------ Date: Mon, 18 May 1998 22:35:20 -0400 From: "anthony boone" Subject: Re: [CANSLIM] Members not receiving OBV/MF technicals. I did not receive a Part 2. anthony boonean@nwga.com - ---------- > From: Connie Mack Rea > To: canslim > Subject: [CANSLIM] Members not receiving OBV/MF technicals. > Date: Monday, May 18, 1998 8:41 PM > > If any member who has requested my technical files did not receive them > in two parts, please let me know. > > Connie Mack > > > - - - ------------------------------ Date: Mon, 18 May 1998 20:15:33 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] RXSD Breakout Caveat emptor! If tomorow is a good day I'm tempted to get back into this one. Strong breakout today - +7% on 1.3 ADV (which is skewed by the three 5x ADV days when it was "downgraded"). Scan numbers: MED-DRUGS Rexall Sundown TICKER RXSD EXCHANGE NSDQ X SECTOR 4 X INDUSTRY 106 24WK PCHG% 41.41 TREND EPGR 57.90 QEPS 0/-4 60.00 QEPS -1/-5 72.73 QEPS -2/-6 42.86 QEPS -2/-7 35.00 TREND SALE 29.55 P/E 12M 47.27 ROI 23.49 D/Equity 0.00 PEG F1 1.07 % INSIDERS 75.69 % INSTITUT 45.97 Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 18 May 1998 20:40:01 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] market internals > Date: Mon, 18 May 1998 20:05:03 -0400 > To: canslim@lists.xmission.com, canslim@lists.xmission.com > I never said I didn't know anything! I know alot! > What I said was, I am often wrong! The difference is important to me. :-) Sorry abou that, I'll remember. BTW, I didn't say I agreed with you that you don't know anything (when I thought that was what you said which it wasn't). > I'm not so certain the markets haven't factored in a no-interest rate hike > news story for Tuesday. However, that doesn't mean the markets won't rally > on the news. It is just that I don't think anyone is expecting a rate hike > at this time. I can't see an anticipated non-event (no change in interest > rate policy) as being much of a catalyst for a big rally. I'm sure the market expects no change. Still, there is always enough uncertainty that after the non-announcement comes through, there can be a relief rally. - - ------------------------------ Date: Tue, 19 May 1998 01:03:47 EDT From: Mulack Subject: [CANSLIM] BNYN High tight flag? I have been following BNYN since Tom mentioned it. I am wondering if it is going through a high tight Flag similar to what GMGC went through (if indeed gmgc went through a HTF). In comparing the two companies graphs view the daily graphs. If anyone has any view points I will greatly appreciate your opinions. I am new to investing only a year. I am trying to learn and appreciate any suggestions. Thanks ahead of time for responses. Frank - - ------------------------------ Date: Tue, 19 May 1998 07:15:20 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RXSD Breakout Looks like you may have a favorable day. With the situation in Indonesia improving, Asia appears to be calming down and more of a mixed to up performance last night. Futures up altho not big time as of yet, and Europe is mostly responding to the upside as well. If a moderately strong opening can be sustained till mid-afternoon when the Feds announce no change, then we could have a decent day and set the mood for several sustained days of gains. Tom W - -----Original Message----- From: Tim Fisher To: canslim@mail.xmission.com Date: Monday, May 18, 1998 11:13 PM Subject: [CANSLIM] RXSD Breakout >Caveat emptor! If tomorow is a good day I'm tempted to get back into this >one. Strong breakout today - +7% on 1.3 ADV (which is skewed by the three 5x >ADV days when it was "downgraded"). Scan numbers: > >MED-DRUGS Rexall Sundown >TICKER RXSD >EXCHANGE NSDQ >X SECTOR 4 >X INDUSTRY 106 >24WK PCHG% 41.41 >TREND EPGR 57.90 >QEPS 0/-4 60.00 >QEPS -1/-5 72.73 >QEPS -2/-6 42.86 >QEPS -2/-7 35.00 >TREND SALE 29.55 >P/E 12M 47.27 >ROI 23.49 >D/Equity 0.00 >PEG F1 1.07 >% INSIDERS 75.69 >% INSTITUT 45.97 > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > - - ------------------------------ End of canslim-digest V2 #243 ***************************** 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.