From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #245 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 245 In this issue: Re: [CANSLIM] BNYN High tight flag? [CANSLIM] Where to look for cos. earnings and sales info? [CANSLIM] market internals Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] market internals Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] market internals Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA Re: [CANSLIM] PMCO, CIX (was OBV/MF) Re: [CANSLIM] market internals [CANSLIM] RE: OBV/MF technical files. Re: [CANSLIM] PMCO, CIX (was OBV/MF) [CANSLIM] NASDAQ Futures Re: [CANSLIM] Where to look for cos. earnings and sales info? [CANSLIM] Home Construction Group Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] market internals Re: [CANSLIM] Where to look for cos. earnings and sales info? [CANSLIM] Re: Canslim members requesting obv/mf/ema Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] NASDAQ Futures Re: [CANSLIM] Where to look for cos. earnings and sales info? [CANSLIM] On the Oil Groups (was Fw: Finance - Petroleum Report @ 05/19/98) Re: [CANSLIM] For Tom: XETA is CANSLIM ---------------------------------------------------------------------- Date: Tue, 19 May 1998 10:54:27 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] BNYN High tight flag? > From: Mulack > 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. These things are pretty subjective, but I pulled one of my old books out and looked up their definition of a flag, and I don't see one in BNYN. Looking at GMGC, I see one at the start of March (that spike up is the flag pole, the next 6 or 7 days is the flag). Another one is GLBL, which seems to be forming a flag. - - ------------------------------ Date: Tue, 19 May 1998 10:57:52 -0700 (PDT) From: Rich Subject: [CANSLIM] Where to look for cos. earnings and sales info? I am getting serious withdrawal from not having DGO. I can live without the graphs but I find that the financial information was convenient and all in one place. In particular, I would always look at the growth in sales and earnings over the last 4 quarters, that long box at the bottom of the the DGO page. I have been looking around at sources on the web to find that same information and have thus far struck out. It would be really helpful for me and perhaps for others to find out where people look for the information that they formerly found on DGO. That means specifically the earnings and sales growth and additionally any other information that was available on DGO. Obviously, I haven't yet subscribed, still waiting for our discount. How many of you have already subscribed, how many have gone to other sources like quote.com and how many are like me still waiting. Thanks, Rich _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 19 May 1998 14:13:28 -0400 From: Jeffry White Subject: [CANSLIM] market internals Tom wrote: > In looking at various index type charts in Daily Graphs, one of the > more interesting ones to me is the up/down charts. Thus far, the up > volume seems to be remaining consistent, bolstered (IMHO) by the > continuing steady influx of fresh money. Once again, the day to day > direction of the mkt seems to be dictated by whether the profit taking > (or panic selling) is greater than this "threshold level" of buying. > This is one of my reasons for calling this a "consolidation near the > highs" vice "the beginning of a short or intermediate correction" as > many other indicators would suggest. But it is a delicate balance, as > the up/down volume chart suggests, and will take little external > influence to upset the apple cart. This comment begs the central question I've been trying to get this group to think about. Whether it be "consolidation near the highs" or "the beginning of a short or intermediate correction" matters not one iota, IMHO. What matters in this discipline we've chosen is whether WON's "M" dictates that you should be moving,or already moved to (depending upon your selling criteria and tolerance for giving up well-earned gains) CASH?!? Have we seen the necessary indicia of a move toward, if not to, cash? If you see no distribution, or are not inclined to follow historical sentiment levels, chose to rely on your head the answer is play on while trying to "predict" what the market will do. On the other hand, if you have seen distribution, sentiment peaks, leadership failure, failed rally attempts, then your selling discipline will have you in cash in time, and the market will have "told" you what to do. Is this one of the couple or several times during a calendar year or so where the "M" is producing the good leadership stocks breaking from solid bases that we seek? You know my opinion, consolidation or correction. I don't care which, I'm in cash (holding a few puts, secretly), fighting the compulsion to trade. Returning to lurker status due to a medical situation over the next month, my regards best wishes, Jeffry - - ------------------------------ Date: Tue, 19 May 1998 14:18:08 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Rich, At 10:57 AM 5/19/98 -0700, you wrote: >I am getting serious withdrawal from not having DGO. I can live >without the graphs but I find that the financial information was >convenient and all in one place. Me too. Here is a web site with a nice earnings history: http://www.stockmaster.com/ Type in your symbol and beside it on the pull down menu, select "earnings history", then click on the "GO" button. It also gives "Next Expected EPS Date". Regards, Craig - - ------------------------------ Date: Tue, 19 May 1998 14:42:48 EDT From: DCSquires Subject: Re: [CANSLIM] market internals In a message dated 98-05-19 14:20:39 EDT, you write: << What matters in this discipline we've chosen is whether WON's "M" dictates that you should be moving,or already moved to (depending upon your selling criteria and tolerance for giving up well-earned gains) CASH?!? Have we seen the necessary indicia of a move toward, if not to, cash? >> I think that most CS'er, in the pure sense of the term, are in cash now and have been for some time. The easy money has been made......so why bother for a few extra percentage points with far more risk? ( By this I mean a higher percentage of breakout failures) I haven't been very acitve in the group lately because I haven't really been watching the markets that close. I haven't owned any stocks for over a month now. IMO, the market has been nothing but chop since mid-April. I have kept track of the "M" enough to know that the wind is blowing in my face not at my back. Have I seen some great breakouts to buy lately?.......yes.......but I held back and the majority of them have failed. My 2 cents FWIW. DSquires - - ------------------------------ Date: Tue, 19 May 1998 12:16:08 -0700 (PDT) From: Rich Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Craig: Thanks so much. That is a really nice earnings history. However,I also like to look at sales. It can tell you whether the company is squeezing margins or the increased profits result from wide acceptance of their products, for example. I will often put more weight on increase in sales than in profitability. - ---Craig Griffin wrote: > > Rich, > > At 10:57 AM 5/19/98 -0700, you wrote: > >I am getting serious withdrawal from not having DGO. I can live > >without the graphs but I find that the financial information was > >convenient and all in one place. > > Me too. Here is a web site with a nice earnings history: > http://www.stockmaster.com/ > > Type in your symbol and beside it on the pull down menu, select "earnings > history", then click on the "GO" button. > > It also gives "Next Expected EPS Date". > > Regards, > Craig > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 19 May 1998 14:25:12 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] market internals I should have stayed in cash when I was a few weeks ago, I have bought some qualifying breakouts since then with mixed results. Some I have closed out for losses, and some I still own that are going nowhere, or worst yet are down from my purchase price. I agree, it seems most breakouts in the past few weeks have been failing. I am also seeing that stocks I am watching daily for a possible breakouts can't even make there normal volume, the past week or so, out of 20 stocks only 2 or 3 will make there average daily volume. I've sure been feeling that wind in my face. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Tue, 19 May 1998 13:01:04 -0700 From: Bill Subject: Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA There are a number of MF definitions! BC uses the open and closing prices of the period to calculate the delta. MF is negative if the closing price of the period is lower than the open price of the same period. Hence, when a stock gaps up at the open and then closes lower for your selected period, your money flow will always show a decline. Not very intuitive, me thinks, but if you are aware how they generate the chart, the information conveyed, is just as valid. You can get all of the definitions from the CHART HELP link just below the chart. Bill-->> - ----------------------- At 10:37 AM -0700 5/19/98, John K wrote: >Connie, > >Thanks for the two files. Will take a while to read and digest. I went >to Big Charts and looked at TKN. Is the divergence the fact that OBV >and MF are relatively flat since end of March and Price is going down? >Also looked at it with Metastock. OBV looks similar but Chaiken Money >Flow looks totally different. Does big charts use some other kind of >money flow? > >John K. > >Connie Mack Rea wrote: > >> Members-- >> >> Just an aside before I comment on the stocks. >> >> I have had at least another dozen requests for the OBV/MF files. I'm >> again having trouble with the delivery because of some quirk in the >> new >> composite file [really two files]. When I've found the problem, I'll >> send out all the latest requests and also the requests of those who >> didn't receive the files originally or who only received one of the >> two >> files. >> >> TKN: Go to BigCharts 3-mos screen with MF on lower screen. The >> positive divergence is easily seen if you'll draw a price trendline >> from >> the top in April over to the edge of the chart. Draw a trendline >> across >> MF, beginning with the high at the end of March. Notice that the >> price >> correction is nice and uniform. The uniformity of the correction is >> clear on the Volume+ screen. >> >> The OBV screen is nearly identical to the MF. Identical patterns are >> stronger than the positively diverging [PD] that, though having PD, >> have >> within themselves slight to moderate divergences. Here, all is well. >> >> The MACD gave a buy yesterday. You can see that the black vertical >> lines, which show the degree of divergence between the two colored >> lines, from April on have very little divergence. In a sense, the >> MACD >> is saying what the Volume+ is saying: Nice, uniform correction taking >> place. >> >> The SlowStochastic gave a buy a couple of days ago from a nicely >> oversold area [0-20]. It also shows a triple bottom with the buy >> taking >> place at the third bottom. >> >> The EMA gave a buy Friday-Monday. Pull up a 1-mos chart. There you >> can >> see how the 3/7/10 EMAs are at work. The 3-line EMA gave a first >> [3-line through the 7-line] and second [3-line through the 10] level >> signal. Then Monday there is a third [7-line right at the 10] level >> signal. >> >> At the close on Monday, everything is in place for a technical buy >> this >> morning. >> >> I bought a little bit of AACE after I went back for a second look. A >> couple of things bothered me earlier. The MF had a sympathetic >> decline >> from the peak in mid-April out to just a couple of days ago when it >> responded strongly to Monday's action. >> >> OBV shows a PD across the same period. And the MACD isn't quite ready >> >> but will come around with another up day or two. Notice that the >> distance between the colored lines are represented by the vertical >> black >> lines. The wider the distance between the lines, the longer the black >> >> vertical lines. When the colored lines cross, the black vertical >> lines >> cross the 0 [trigger] line. >> >> Left for interpretation is where the colored lines crossed. I.e., did >> >> the crossing take place above or below the trigger line. More on this >> >> in another post. >> >> The 3-line EMA gave a first and second level buy Monday. The 7-line >> is >> leading to a third level buy, probably today if there is a good day. >> >> CNMD is marginally OBV/MF. The MF has a slight PD for the last couple >> >> of weeks. Same with the OBV. The EMA is not ready and won't be >> shortly. Notice that the SAR went to sell yesterday. >> >> XETA, too, is marginal. The OBV/MF has to be worked some to give any >> PD. The EMA gave a buy several days ago. >> >> CNMD and XETA are stocks that I pulled out on a quick eye-balling the >> first time through. On a careful look, they would end up on a watch >> list. >> >> I have been filled on both TKN and AACE. >> >> Connie Mack >> >> - > > > > >- - - ------------------------------ Date: Tue, 19 May 1998 13:01:04 -0700 From: Bill Subject: Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA There are a number of MF definitions! BC uses the open and closing prices of the period to calculate the delta. MF is negative if the closing price of the period is lower than the open price of the same period. Hence, when a stock gaps up at the open and then closes lower for your selected period, your money flow will always show a decline. Not very intuitive, me thinks, but if you are aware how they generate the chart, the information conveyed, is just as valid. You can get all of the definitions from the CHART HELP link just below the chart. Bill-->> - ----------------------- At 10:37 AM -0700 5/19/98, John K wrote: >Connie, > >Thanks for the two files. Will take a while to read and digest. I went >to Big Charts and looked at TKN. Is the divergence the fact that OBV >and MF are relatively flat since end of March and Price is going down? >Also looked at it with Metastock. OBV looks similar but Chaiken Money >Flow looks totally different. Does big charts use some other kind of >money flow? > >John K. > >Connie Mack Rea wrote: > >> Members-- >> >> Just an aside before I comment on the stocks. >> >> I have had at least another dozen requests for the OBV/MF files. I'm >> again having trouble with the delivery because of some quirk in the >> new >> composite file [really two files]. When I've found the problem, I'll >> send out all the latest requests and also the requests of those who >> didn't receive the files originally or who only received one of the >> two >> files. >> >> TKN: Go to BigCharts 3-mos screen with MF on lower screen. The >> positive divergence is easily seen if you'll draw a price trendline >> from >> the top in April over to the edge of the chart. Draw a trendline >> across >> MF, beginning with the high at the end of March. Notice that the >> price >> correction is nice and uniform. The uniformity of the correction is >> clear on the Volume+ screen. >> >> The OBV screen is nearly identical to the MF. Identical patterns are >> stronger than the positively diverging [PD] that, though having PD, >> have >> within themselves slight to moderate divergences. Here, all is well. >> >> The MACD gave a buy yesterday. You can see that the black vertical >> lines, which show the degree of divergence between the two colored >> lines, from April on have very little divergence. In a sense, the >> MACD >> is saying what the Volume+ is saying: Nice, uniform correction taking >> place. >> >> The SlowStochastic gave a buy a couple of days ago from a nicely >> oversold area [0-20]. It also shows a triple bottom with the buy >> taking >> place at the third bottom. >> >> The EMA gave a buy Friday-Monday. Pull up a 1-mos chart. There you >> can >> see how the 3/7/10 EMAs are at work. The 3-line EMA gave a first >> [3-line through the 7-line] and second [3-line through the 10] level >> signal. Then Monday there is a third [7-line right at the 10] level >> signal. >> >> At the close on Monday, everything is in place for a technical buy >> this >> morning. >> >> I bought a little bit of AACE after I went back for a second look. A >> couple of things bothered me earlier. The MF had a sympathetic >> decline >> from the peak in mid-April out to just a couple of days ago when it >> responded strongly to Monday's action. >> >> OBV shows a PD across the same period. And the MACD isn't quite ready >> >> but will come around with another up day or two. Notice that the >> distance between the colored lines are represented by the vertical >> black >> lines. The wider the distance between the lines, the longer the black >> >> vertical lines. When the colored lines cross, the black vertical >> lines >> cross the 0 [trigger] line. >> >> Left for interpretation is where the colored lines crossed. I.e., did >> >> the crossing take place above or below the trigger line. More on this >> >> in another post. >> >> The 3-line EMA gave a first and second level buy Monday. The 7-line >> is >> leading to a third level buy, probably today if there is a good day. >> >> CNMD is marginally OBV/MF. The MF has a slight PD for the last couple >> >> of weeks. Same with the OBV. The EMA is not ready and won't be >> shortly. Notice that the SAR went to sell yesterday. >> >> XETA, too, is marginal. The OBV/MF has to be worked some to give any >> PD. The EMA gave a buy several days ago. >> >> CNMD and XETA are stocks that I pulled out on a quick eye-balling the >> first time through. On a careful look, they would end up on a watch >> list. >> >> I have been filled on both TKN and AACE. >> >> Connie Mack >> >> - > > > > >- - - ------------------------------ Date: Tue, 19 May 1998 16:03:32 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] PMCO, CIX (was OBV/MF) Antista, Anthony wrote: > Correct me if I'm wrong, but it seems like these 2 are giving 2nd level > buys [3 ema going thru 10 ema]. > > PMCO the MACD looks very good, although the OBV looks flat. Shouldn't > this be tracking EMA??? > > CIX the MF/OBV is tracking price, is this a good sign?? > > Connie your thoughts are appreciated. > > Tony A. > > - - - ------------------------------ Date: Tue, 19 May 1998 13:54:59 -0700 From: Tim Fisher Subject: Re: [CANSLIM] market internals I go by the philosophy, let your stops take you out. It's much much easier than all this "Won's M" BS which I find so highly subject to interpretation that= I ignore it all as background noise. My stops have me 75% in cash and I'm staying there until I find something worth buying. So far I have seen precious= little worth buying since being stopped out of 8 in the past 3 weeks. At 11:13 AM 5/19/98 , you wrote: > >This comment begs the central question I've been trying to get this >group to think about. > >Whether it be "consolidation near the highs" or "the beginning of a >short or intermediate correction" matters not one iota, IMHO. > >What matters in this discipline we've chosen is whether WON's "M" >dictates that you should be moving,or already moved to (depending upon >your selling criteria and tolerance for giving up well-earned gains) >CASH?!?=A0 Have we seen the necessary indicia of a move toward, if not to, >cash? > Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Tue, 19 May 1998 18:05:33 -0400 From: Connie Mack Rea Subject: [CANSLIM] RE: OBV/MF technical files. Members-- Have received almost 40 requests for the OBV/MF files. I am grateful for your requests and wish that there had not been the problem when I downloaded Communicator4.05. It jinxed my Copy/Paste ability; today I noticed another couple of drop-and-drag problems and my blind copy mail doesn't blind copy. Because of the last problem, I cannot get a blind copy back and therefore don't know if mail was delivered. Consequently, some may get double copies; sorry. I did get a non-deliverable notice for Frank Simms. Believe the error may have been in the very end of his address. This is the address I received: Frank.R.Simms1@joc.nasa.gov.51. The numerals after ".gov" had been overlaid by other text. Please re-post, Frank. Yesterday's mailing seems to have been corrected. But am not sure if jo-scott and boonean are okay. Please let me know. Today I sent out both files [Part I and Part II] to: bmarx, frank [returned], jimkelly, joani, rusty, barger, thy, cagriffin, dcash, rmau, boonean, redmond, and wolynski. If there are still requests to be filled, don't hesitate to tell me. I am grateful for your requests and do not mind trying to get the files to you. I have tried to thank each of you who have sent me your appreciation. Forgive me if I haven't. My mail today almost covered two screens. Connie Mack - - ------------------------------ Date: Tue, 19 May 1998 18:35:20 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] PMCO, CIX (was OBV/MF) Tony-- Sorry to be so tardy getting to your post. Busy day for me. You've read correctly, Tony, on the 2-level buy. From the last of March to the first week in May, the OBV has a PD [price declining and OBV holding steady. Then after three or four days in May, the OBV begins to track price. The OBV may or may not track price. You prefer that the OBV carries a PD. I.e., the EMA broke down and gave a sell in mid-April. That sell was alive until the buy you spoke of. That the OBV held while price was falling and the EMA sell was alive is what you wish for. In the EMA buy, you have what you want: a live EMA sell is now giving a buy in the presence of an OBV that shows PD. With today's close, the MACD will give a buy. The SloSto gave a buy even earlier than the EMA. Thanks for the mail. Connie Mack Antista, Anthony wrote: > Correct me if I'm wrong, but it seems like these 2 are giving 2nd level > buys [3 ema going thru 10 ema]. > > PMCO the MACD looks very good, although the OBV looks flat. Shouldn't > this be tracking EMA??? > > CIX the MF/OBV is tracking price, is this a good sign?? > > Connie your thoughts are appreciated. > > Tony A. > > - - - ------------------------------ Date: Tue, 19 May 1998 08:24:19 -0400 From: "Tom Worley" Subject: [CANSLIM] NASDAQ Futures Nasdaq 100 futures falling fast in past half hour. From up 11 pts, now up only 4.35 pts. Hope this trend reverses before the open, or the tech stocks are likely to get punished again. Tom W - - ------------------------------ Date: Tue, 19 May 1998 19:19:05 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Rich, I anticipated the withdrawal pain, and took out the four week trial to the DG books. It doesn't have as many stocks, but helps still. I only had to endure one week of pain. I could afford the $49 for it, and it buys me four weeks, hopefully by then we will get some answer on a group rate. I plan to send another email tonite to see if I can nudge them into a response. Tom W - -----Original Message----- From: Rich To: canslim@mail.xmission.com Date: Tuesday, May 19, 1998 1:53 PM Subject: [CANSLIM] Where to look for cos. earnings and sales info? >I am getting serious withdrawal from not having DGO. I can live >without the graphs but I find that the financial information was >convenient and all in one place. In particular, I would always look >at the growth in sales and earnings over the last 4 quarters, that >long box at the bottom of the the DGO page. I have been looking >around at sources on the web to find that same information and have >thus far struck out. > >It would be really helpful for me and perhaps for others to find out >where people look for the information that they formerly found on DGO. > That means specifically the earnings and sales growth and >additionally any other information that was available on DGO. > >Obviously, I haven't yet subscribed, still waiting for our discount. >How many of you have already subscribed, how many have gone to other >sources like quote.com and how many are like me still waiting. > >Thanks, >Rich > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ Date: Tue, 19 May 1998 19:12:32 -0400 From: "Tom Worley" Subject: [CANSLIM] Home Construction Group With today's Housing Starts report and Building Permits report both coming in not only down from last month, but measurably below estimates, I would consider this a "first shot across the bow" of this group. These two reports take several months to demonstrate a true trend, so I wouldn't panic out of any home construction stock that is behaving well. But raise your anxiety factor a notch or two, just in case. Tom W - - ------------------------------ Date: Tue, 19 May 1998 19:28:55 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? >> I would always look at the growth in sales and earnings over the last 4 quarters, that long box at the bottom of the the DGO page. << Hi, I found very good free data at: http://www.wsrn.com/home/dataset/quicksource.html?symbol=ICUI&page=2 ICUI is a company that I'm looking at & was a way to get you directly to the page you want. At the bottom of that page you can put in any symbol you want. Bob - - ------------------------------ Date: Tue, 19 May 1998 19:29:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] market internals Jeffry, I will reluctantly respond. If you believe you are seeing the beginning of a correction, then you should be aggressive in selling your long positions. For the more risk tolerant traders, you would be initiating your short positions (or puts). On the other hand, if you believe you are in a consolidation (as I do) then you are letting your CANSLIM stocks tell you what to do on an individual basis (example: my EDAC hit another new high on heavy volume, closing near the day's high - that tells me to continue holding despite a now 46% gain in 6 weeks). Just because an "index" may be consolidating doesn't mean all stocks are also doing so, thus you should be listening on an individual basis even if overall we are "consolidating". That's the difference of opinion as I see it. Jeffry is moving/has already moved entirely to all cash or short/put positions while I raise my cautionary flags and tighten my stops and let my stocks tell me whether to hold or sell. I don't do normally do any fresh buying until the "consolidation" has resolved itself into either a move up or a move down (either is possible when it ends). So far since I first made my post on this issue, my one remaining CANSLIM stock has given me an addl 15% or so profit, so I am glad I listened to it (and my own opinion) instead of accepting the "imminent correction" idea. Tom W - -----Original Message----- From: Jeffry White To: canslim@mail.xmission.com Date: Tuesday, May 19, 1998 2:12 PM Subject: [CANSLIM] market internals >Whether it be "consolidation near the highs" or "the beginning of a >short or intermediate correction" matters not one iota, IMHO. > >What matters in this discipline we've chosen is whether WON's "M" >dictates that you should be moving,or already moved to (depending upon >your selling criteria and tolerance for giving up well-earned gains) >CASH?!? Have we seen the necessary indicia of a move toward, if not to, >cash? > >If you see no distribution, or are not inclined to follow historical >sentiment levels, chose to rely on your head the answer is play on while >trying to "predict" what the market will do. On the other hand, if you >have seen distribution, sentiment peaks, leadership failure, failed >rally attempts, then your selling discipline will have you in cash in >time, and the market will have "told" you what to do. > >Is this one of the couple or several times during a calendar year or so >where the "M" is producing the good leadership stocks breaking from >solid bases that we seek? You know my opinion, consolidation or >correction. I don't care which, I'm in cash (holding a few puts, >secretly), fighting the compulsion to trade. > - - ------------------------------ Date: Tue, 19 May 1998 19:37:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? I hadn't really explored Stockmaster before, but was doing so today at work with my boss as it was one of the sites we could access. Tonight, I checked it out a little further. I entered one stock symbol where I knew they had had large non recurring loss a year ago and was pleased to see that, like Daily Graphs, they exclude this amount from what they present and instead show the "true" earnings on an operational basis. I find this helpful. I then pushed my luck and tried for their earnings report on EDAC, and they didn't have any data, so not sure how comprehensive this site may be, but have bookmarked it and will try with other stocks. Tom W - -----Original Message----- From: Craig Griffin To: canslim@lists.xmission.com Date: Tuesday, May 19, 1998 2:15 PM Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? >Rich, > >At 10:57 AM 5/19/98 -0700, you wrote: >>I am getting serious withdrawal from not having DGO. I can live >>without the graphs but I find that the financial information was >>convenient and all in one place. > >Me too. Here is a web site with a nice earnings history: >http://www.stockmaster.com/ > >Type in your symbol and beside it on the pull down menu, select "earnings >history", then click on the "GO" button. > >It also gives "Next Expected EPS Date". > >Regards, >Craig > > > >- > - - ------------------------------ Date: Tue, 19 May 1998 18:42:23 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Canslim members requesting obv/mf/ema Connie, Don't apologize and take your time. Thanks again. Regards, Mary Keener - - ------------------------------ Date: Tue, 19 May 1998 19:48:26 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Rich, I would suggest paying attention also to whether earnings are behaving as you would expect with respect to sales. As sales grow, earnings should grow faster as operating efficiencies improve. If sales are flat, but earnings up nicely, it suggests cost cutting measures, which can only last so long. If sales are up but earnings flat, then it may (I repeat may) suggest investment in R&D, marketing, etc which could result in earnings growth down the road (only research, such as at the SEC site, may clarify this). It may also suggest profit margins are being hurt, or there is a shift in product mix towards lower margin items. Again, the management comments in the 10Q and 10K filings at the SEC site may clarify. Ideally, I like to see a nice orderly progression on both a sequential and year to year basis of both earnings and sales. That gives me greater confidence that the trend will continue after I buy the stock. Tom W - -----Original Message----- From: Rich To: canslim@lists.xmission.com Date: Tuesday, May 19, 1998 3:18 PM Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? > >Craig: > >Thanks so much. That is a really nice earnings history. However,I >also like to look at sales. It can tell you whether the company is >squeezing margins or the increased profits result from wide acceptance >of their products, for example. I will often put more weight on >increase in sales than in profitability. > > > >---Craig Griffin wrote: >> >> Rich, >> >> Me too. Here is a web site with a nice earnings history: >> http://www.stockmaster.com/ >> - - ------------------------------ Date: Tue, 19 May 1998 19:56:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] NASDAQ Futures IGNORE THIS POST - IT WAS WRITTEN AT ABOUT 8:15 AM TODAY, and apparently laid in my outbox all day till I signed on tonight. It's outdated, altho accurate when written, but not when sent. Tom W - -----Original Message----- From: Tom Worley To: CANSLIM Date: Tuesday, May 19, 1998 6:47 PM Subject: [CANSLIM] NASDAQ Futures >Nasdaq 100 futures falling fast in past half hour. From up 11 pts, now >up only 4.35 pts. Hope this trend reverses before the open, or the >tech stocks are likely to get punished again. > >Tom W > > > >- > - - ------------------------------ Date: Tue, 19 May 1998 17:06:24 -0700 (PDT) From: Rich Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Tom: Your points are well taken. I like to look at both sales and earnings for the reasons you point out. I will archive your response. Thanks, Rich - ---Tom Worley wrote: > > Rich, I would suggest paying attention also to whether earnings are > behaving as you would expect with respect to sales. As sales grow, > earnings should grow faster as operating efficiencies improve. If > sales are flat, but earnings up nicely, it suggests cost cutting > measures, which can only last so long. If sales are up but earnings > flat, then it may (I repeat may) suggest investment in R&D, marketing, > etc which could result in earnings growth down the road (only > research, such as at the SEC site, may clarify this). It may also > suggest profit margins are being hurt, or there is a shift in product > mix towards lower margin items. Again, the management comments in the > 10Q and 10K filings at the SEC site may clarify. Ideally, I like to > see a nice orderly progression on both a sequential and year to year > basis of both earnings and sales. That gives me greater confidence > that the trend will continue after I buy the stock. > > Tom W > > -----Original Message----- > From: Rich > To: canslim@lists.xmission.com > Date: Tuesday, May 19, 1998 3:18 PM > Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? > > > > > >Craig: > > > >Thanks so much. That is a really nice earnings history. However,I > >also like to look at sales. It can tell you whether the company is > >squeezing margins or the increased profits result from wide > acceptance > >of their products, for example. I will often put more weight on > >increase in sales than in profitability. > > > > > > > >---Craig Griffin wrote: > >> > >> Rich, > >> > >> Me too. Here is a web site with a nice earnings history: > >> http://www.stockmaster.com/ > >> > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 19 May 1998 20:04:43 -0400 From: "Tom Worley" Subject: [CANSLIM] On the Oil Groups (was Fw: Finance - Petroleum Report @ 05/19/98) Just some more snipped comments for those following the decline of this group. Tom W - -----Original Message----- From: InfoBeat To: stkguru@netside.net Date: Tuesday, May 19, 1998 7:17 PM Subject: Finance - Petroleum Report @ 05/19/98 > Crude oil futures prices Tuesday tumbled to a 9 1/2-year low on >the New York Mercantile Exchange as U.S. inventories stood at >their highest level in five years despite output cuts by some >world producers. > >Crude oil futures fell despite news that a Nigerian refinery >outage is likely to hold 375,000 barrels of crude off the market >over the next three days, as traders expressed growing concern >about rising U.S. inventories. > >Despite a decision by members of the Organization of Petroleum >Exporting Countries and other large oil producers to cut some 1.72 >million barrels daily from production, American crude inventory >levels last week rose to their highest since December 1993, >according to the American Petroleum Institute. The industry group >was expected to provide new inventory figures late Tuesday, and >few held out hope the situation would improve considerably. > >Analysts say economic troubles in Southeast Asia, which have >dimmed demand to that region, has led to a battle among producers >to find other markets, leading to more U.S. imports at favorable >prices. > >Alarmed futures traders have been steadily driving prices lower >for the past month after it became clear the production cuts by >the 17 producing countries were not enough. Investors said there >is now so much oil domestically that storage tanks, particularly >in the Midwest region, are near capacity. The Cushing, Okla., >storage site saw inventories rise to their highest levels in five >years, analysts said. > >Market participants ignored comments made Monday by Saudi Arabia's >oil minister that some 500,000 more barrels a day should be cut >from daily production. Few observers believe oil producers will >take any action before OPEC meets next month to discuss prices. > - - ------------------------------ Date: Tue, 19 May 1998 20:27:27 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] For Tom: XETA is CANSLIM Thanks, Tim. It does show some good CS elements (RS at 85 lower than I desire, but EPS at 97 well over my threshold; A/D also reflects current weakness at C, however Timeliness is an A; funds at 2% while management at 40%; small to micro cap with 2 mil shares issued and 1.2 mil in the float; up/down a tad low at 1.1; no debt; earnings growth quite strong with a forecast of $1.25 for this year, up 39%, and already done 34 cents in Q1). The one potentially fatal weakness I see in it is that, while the past four qtrs of earnings were 24, 25, 27 and 34 cents (all up 41% or better on a year to year basis), the sales were 5.3, 5.3, 5.4 and 5.1 million (also all up 41% or better on a year to year basis). Earnings growth without sales growth is always a red flag to me, esp where the latest qtr falls below the upcoming qtr without evidence of seasonal cycles. Chart wise, also looks good. Since spiking to 26.25 six weeks ago, the volume has dropped sharply to well below ADV except for several days. Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Tuesday, May 19, 1998 10:16 AM Subject: Re: [CANSLIM] For Tom: XETA is CANSLIM >Tom, Connie probably didn't know but since you said you don't look at his >picks unless they are CANSLI I thought I'd point out XETA, which makes the >grade by my scan. > >TELECOMM EQUIP Xeta Corp >TICKER XETA >EXCHANGE NSDQ >X SECTOR 10 >X INDUSTRY 179 >24WK PCHG% 11.95 >TREND EPGR 73.58 >QEPS 0/-4 107.14 >QEPS -1/-5 50.00 >QEPS -2/-6 78.57 >QEPS -3/-7 N/A >TREND SALE 36.24 >P/E 12M 21.19 >ROI 28.83 >D/Equity 0.00 >PEG F1 0.71 >% INSIDERS 17.98 >% INSTITUT 8.15 > >At 09:31 AM 5/19/98 -0400, you wrote: >>Members-- >> >>I've three stocks that look promising. I don't have time this minute to >>comment on them; will try to do so this morning. They are: CNMD, XETA, >>and AACE. >> >>I have a fourth that I will buy this morning. It is a pretty close fit >>to about all you can ask of OBV/MF/EMA. Too, the MACD and >>SlowStochastics are right on the money. The stock is TKN. >> >>I'll return later to comment on it and the previous three as soon as I >>can this morning. >> >>Connie Mack >> >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 #245 ***************************** 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.