From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #249 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 Friday, May 22 1998 Volume 02 : Number 249 In this issue: Re: [CANSLIM] Tom Re: [CANSLIM] Tom Re: [CANSLIM] Tom [CANSLIM] OBV/MF: RAYS Re: [CANSLIM] Where to look for cos. earnings and sales info? [CANSLIM] Responses to CS Questions Re: [CANSLIM] Where to look for cos. earnings and sales info? [CANSLIM] DG alternatives, CANSLIM, M (Part Three) Re: [CANSLIM] Tom has left the group RE: [CANSLIM] Buy on the dip? - DELL Re: [CANSLIM] Tom has left the group Re: [CANSLIM] Tom Re: [CANSLIM] OBV/MF: RAYS Re: [CANSLIM] Responses to CS Questions Re: [CANSLIM] Buy on the dip? - DELL [CANSLIM] Opinions on CSCO, THRX, AOL and ATHM [CANSLIM] THRX: Canslim/OBV/MF? Re: [CANSLIM] THRX: Canslim/OBV/MF? RE: [CANSLIM] Re: Canslim members requesting obv/mf/ema Re: [CANSLIM] Members not receiving OBV/MF technicals. [CANSLIM] New Charts Re: [CANSLIM] When now Quotes Plus?? [CANSLIM] Tom Re: [CANSLIM] Connie's TA Files Re: [CANSLIM] When now Quotes Plus?? [CANSLIM] Connie Mack/Swing Trading [CANSLIM] OBV/MF:MMG [CANSLIM] Technical files. Re: [CANSLIM] Buy on the dip? - DELL [CANSLIM] OBV/MF follow up. [CANSLIM] Tom Re: [CANSLIM] Tom Re: [CANSLIM] Connie Mack/Swing Trading ---------------------------------------------------------------------- Date: Thu, 21 May 1998 12:53:44 -0400 From: "Chris Peek" Subject: Re: [CANSLIM] Tom Personally, I find this message from Tom and the message posted later on that Tom has left the group, very disheartening. We have lost a very valuable member that as others have said, was always quick and pleasant to respond to a question from anyone, a newbie or not. There are not many others, if any at all, in the group that do the same. I take offense that Jeffery has come into the group, stirred up a hornet's nest with Tom and now is departing the group for a month or so. And yes, I do blame Jeffery for this problem because if you read his postings to Tom, they were very antagonistic and meant to agitate. They were not meant to engage in a discussion about differences of opinion as they have been presented. I think that if you read Tom's replies to Jeffery, anyone can see that Tom has agreed all along that he did not follow CANSLIM exactly as presented by the HTMMIS book, but he also pointed out that no one (including WON) follows it exactly as presented in HTMMIS as the principles are under constant revision. Congratulations Jeffery, you accomplished what your messages were meant to do, pissed Tom off. Jeffery, now I have a question for you, are you going to step in and answer the questions (especially the newbie questions) from the group in the same prompt and pleasant manner as Tom did? If not, then are you going to help create a group of people to do so? Without this type of input, the group is less valuable to a lot of people. Many times when I have posted a basic newbie question, Tom or Connie are the only ones who took the time to respond. Now that you have run Tom off, I imagine that since Connie does not follow your interpretation of CANSLIM either, that you will be attacking his methods next. As for the comment someone posted about Tom being able to dish it out but not take it, HUH? - I have seen Tom post a message only ONCE in the time that I have been here that was even remotely less than pleasant, and he immediately apologized to the person and the entire group afterwards. Some people might say that a person should have thick skin and be able to take whatever anyone throws at them. However, there are a lot of people that have reached a point in their lives where pointless arguments and antagonistic discussions are not fun and they would prefer to not to engage in them. I understand this as I am one of those people myself. I have left several other groups because that became the standard method of interaction amongst the members and it was no longer useful or enjoyable, rather just a bunch of nasty, rude, antagonistic comments being thrown back and forth in the group. I have been subscribed to the group for around 8 months or so now and mostly a lurker trying to learn as much as I can. I have learned a lot from the group and especially a lot from Tom's posts. I see his departure as a loss to the whole group and must state that if someone is not there to help the newbies such as myself out regardless of the question, then the group becomes less valuable to people such as myself and I may have to consider leaving myself and finding another avenue to obtain information through. I have sent a message to Tom as did Rich and hope that he will reconsider his decision. Thanks, Chris Peek - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Wednesday, May 20, 1998 7:47 PM Subject: Re: [CANSLIM] Tom >Too late, John, the group has voted, and I'm passe, wrong, not >CANSLIM, outdated, yada yada yada. I frankly don't even feel like >bothering to try and defend myself or the quality of the picks I have >made, or the profits they have made some members. Forget the fact that >most of my picks are over $12, forget the fact that I have seen WON >violate many of the rules they seem to hold sacred. I just don't care >anymore. > >Good luck to you. > >Tom W > >-----Original Message----- >From: John Iding >To: canslim@lists.xmission.com >Date: Tuesday, May 19, 1998 11:34 PM >Subject: [CANSLIM] Tom > > >>Tom ... don't let the detractors get you down ... some of us >appreciate your >>input ... and don't take things so personally ... John >>- >> >> >>- >> > > >- > > - - ------------------------------ Date: Thu, 21 May 1998 13:23:34 -0400 From: Barry Marx Subject: Re: [CANSLIM] Tom Chris - I heartily second your opinion. I have found this whole thing very discouraging -- enough so to bring me temporarily out of lurker status. I find the sarcasm and hostility in Jeffery's post is totally unnecessary. He has had many valuable comments to offer, but I have found myself skipping many of his posts, after seeing the tone of some of his messages. Disagreement is fine, and even valuable, but there is no need to make it personal and contentious. - Barry - -----Original Message----- From: Chris Peek To: canslim@lists.xmission.com ; stkguru@netside.net Date: Thursday, May 21, 1998 12:55 PM Subject: Re: [CANSLIM] Tom >Personally, I find this message from Tom and the message posted later on >that Tom has left the group, very disheartening. We have lost a very >valuable member that as others have said, was always quick and pleasant to >respond to a question from anyone, a newbie or not. There are not many >others, if any at all, in the group that do the same. > > ... - - ------------------------------ Date: Thu, 21 May 1998 13:34:11 EDT From: SACADS Subject: Re: [CANSLIM] Tom My thoughts exactly. I might, however of added a curse or two. Greg - - ------------------------------ Date: Thu, 21 May 1998 14:05:24 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF: RAYS Members-- One of the members of my faculty group just sent me a stock that one of his trader sites put up a couple of hours ago. It is a bit unusual that a stock recommended for trading is also an OBV/MF candidate. In fact, I have found that stocks recommended by the big houses and pushed out over CNBC don't at all fit OBV/MF or EMA criterion. Often, you, too must have thought that there was no discernible reason for the stock being recommended [but this is where positive earnings reports move an otherwise vanilla-looking stock and immediately cause it to change character]. However, RAYS is a modestly qualifying stock. It technically was an EMA buy over two weeks ago, but has not made a run yet. The SloSto is recent and valid; and MACD is still favorable but the buy is as old as the EMA and the SAR. If you want to taste the flavor of swing trading [two days on out to 10 days or even two weeks], you might try a 100 shares at 12.125-25. The spread is a 1/16th. The stock looks like it's breaking out on good volume. However, if you are not trading with a discount broker [one-way commission of no more than $20], you probably ought to stay away. I bought some shares about 30 minutes ago. Connie Mack - - ------------------------------ Date: Thu, 21 May 1998 20:11:47 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? At 11:36 PM 20-05-98 EDT, you wrote: >Try this site for a lot of information: > >http://207.226.179.207/cgi-bin/getbigreport?Ticker=icui&Report=Get > >Have a wonderful Thursday. > >Surindra Here's the secret of how to get there easily. Of course you can also just bookmark the page. Go to http://www.dailystocks.com/ Type in the stock symbol name in the "Symbol" field and click the Submit button. Under the heading "Stock Quotes" click on the "One page report" et voila: you are there. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Thu, 21 May 1998 11:47:19 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Responses to CS Questions First, responses to some questions: <> I belong to several CS groups and followed the AOL CS message board for quite a while. So like everyone else I get this stuff in snippets--publications that IBD puts out, IBD articles, info from seminars, O'N videos, online chats, etc. It used to piss me off that I had to put it all together myself, but what does that accomplish? At any rate, O'N has always said that both revenues and earnings are important. Those who've been at this awhile know that it's easier to cook earnings numbers than revenue numbers (though the latter are hardly immune), and that it always pays to compare growth between the two to foretell potential problems. However, O'N doesn't quantify the revenue figures in the book. From various sources, however, I've compiled the following: C--At least the most recent two quarters should have earnings growth of 25% or better, SQLY. This should be confirmed by a sales (revenues) increase of at least 25% in the most recent quarter (SQLY) OR a consistently increasing % sales rate of change over the most recent 3 quarters (quarter to subsequent quarter--rolling quarters--not Same Quarter Last Year). A--There should be an annual compounded eps growth rate of at least 25% over the last 3 years. I'm assuming that one of the years can be lackluster since he allows isolated quarters to be lackluster. What matters, apparently, is the thrust and overall strength. (For the sake of accuracy, I've also been told that O'N accepts as little as one year, but my cynical side suspects that this may be pandering to subscribers who want to know why they missed some of last year's most visible winners--or this year's as far as that goes. Whether you accept this or insist on three is up to you. However, anyone who goes with one year owes it to himself to look up the SEC IPO filing to get financial data--without earnings, of course--from the period previous to the public offering.) Float is acceptable up to 50M. Ryan, if you care, accepts up to 75M. He wiggles here, however, and says that it would be self-defeating to ignore the large-caps, given their spectacular performance. Again, up to you. He mentions low debt in the book and now specifies a ratio of less than 1. ROE is new. It makes sense, though, given his focus on revenues as a confirmation. Since ROE is derived from debt, revenues, profit margins, etc., using it provides a cross-reference and cross-check against what one learns from studying revenues, earnings, debt levels, etc. He specifies a minimum of 17% (a strange choice--don't ask) and that ROE be increasing from the previous year (or, I assume, TTM). These are the only important changes of which I'm aware, but I don't think they're particularly inconsistent. I've always felt that the essence of CS is that it looks for companies with strong, stable earnings (including revenues, of course) which have products or provide services that will enable them to become gorillas. It is for this reason that I've never considered it a momentum strategy per se, but rather the best combination of momentum and value. IMO, this is worth keeping in mind when evaluating stocks. Again IMO, it's not enough that the RS is high. What is it about this company that makes it special or different? If nothing, why bother? But this last is my opinion, and debatable I suppose. As far as numbers go, I need them as well since I let the computer do the scans. But I set minimums and evaluate thereafter by the chart and by the actual balance sheet. Anyone can set higher minimums if he or she chooses, but to do so and then accuse anyone who doesn't use the same minimums of not following CS is simply not accurate to CS or fair to the individual. There is a subjective element to CS and that is as it should be (in any case, it's unavoidable). One wants to see, for example, not only increasing percentage changes in SQLY earnings and revenues, but accelerating rates of increase as well (this pretty much takes care of the RQ element). But if one begins specifying minimum percentage increases and rates of increase rather than getting a feel for the company and what it does and what it has to offer and where it's likely to go, he runs the risk, IMO, of expecting something from the CS approach that it can't deliver. One must be disciplined, objective, and unemotional, but that doesn't mean one has to be mindless. - ------------------------------ <> None intended. I've had to go through the same crap myself. And I too am a he. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 21 May 1998 14:54:22 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? >> http://207.226.179.207/cgi-bin/getbigreport?Ticker=icui&Report=Get << Great site!! Bob - - ------------------------------ Date: Thu, 21 May 1998 11:59:58 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] DG alternatives, CANSLIM, M (Part Three) Those of you who are going through DG withdrawal, or who just don't want to spend the $800 may want to consider the following, either as primary sources or as backup. http://www.morningstar.net/Cover/Research.html This will give you quarterly earnings with percentage increases. Unfortunately, like everyone else, extraordinary gains and charges are included, so if anything seems odd, it still pays to go to the original filing and double-check. http://www.quicken.com/investment/quotes What I like about this site is the thoroughness of its reports. Of course none of you ever invest in companies without understanding exactly what it is they do. This will be helpful. It also provides lists of competitors, though these can sometimes be unwieldy (one excellent source of ideas is to call the company you're interested in and ask who their major competitors are; call several and ask the same question and see who keeps coming up in the conversation). http://members.aol.com/RANord/ A friend of mine, Roger, created and maintains this site out of the goodness of his heart. If you love it, tell him so. It's HGS oriented, but there isn't that much difference between HGS and CS. At any rate, all the EPS, RS, GS, etc. numbers are there and it's all downloadable to Excel. You can sort and rearrange and track to your hearts' content. He updates the list once a week. Whaddaya want? http://www1.FreeEDGAR.com/home.htm Some of you may not know about this. It's like EDGAR, but it won't bite you in the ass. It's fast, easy, and very friendly. If you've avoided SEC filings in the past, give it one more try. By the way, if any of you haven't printed out Craig's "missing member" post, you should do so. Excellent. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 21 May 1998 12:48:23 -0700 From: "Ken Davidson" Subject: Re: [CANSLIM] Tom has left the group I find this whole thing about Jeff and Tom quite interesting!! I only check into the group once in a while but I did remember seeing lots of post when Tom got canned from his job. This whole group was so supportive of him. I believe that was not that long ago! Personally I think slamming a person is kinda rude unless you really know there is a problem. Besides that, writing e-mails is much different then actually talking. I don't think I have ever heard Tom slam anyone! Why is it that the people that are out to crush people always get the last word. I would just ignore Jeff Tom!! This doesn't mean I am against Jeff either as he may have some good points but a person never needs to trash a person. Although I have nothing to do with individual stocks Tom does do a great job in reporting to the group about oversea's markets, economic data and personal views on the market which of course we all have. He has alot of years experience in the market and that alone is a good reason to have him around! As with all things you need to accept people for who they are and what they offer, not the mistakes they make. Ken - - ------------------------------ Date: Thu, 21 May 1998 12:58:20 -0700 From: Mike Lucero Subject: RE: [CANSLIM] Buy on the dip? - DELL Is anyone else using Equivolume charts? (Metastock can do them) It stretches out high volume days, and makes the recent week and a half of Dell action look like a broad top. Using volume weighted averages, DELL is just now breaking the 22-day VMA (?), and the center of today's rectangle will still be above it, I think. Mike On Thursday, May 21, 1998 7:59 AM, Craig Griffin [SMTP:cagriffin@mindspring.com] wrote: > Tim, > > At 07:24 AM 5/21/98 -0700, you wrote: > >Where's the bottom this time? Any suggestions? > > Not my cup of tea (trying to call bottoms in short term price action). > Certainly not-Canslim vanilla. But I have done some thinking about it over > time and have a couple of thoughts in the last paragraph. > > First the more or less vanilla Canslim view (IMHO): > > It is up 30% from its last breakout (a few weeks back) and is down on big > volume two days out of the last four since earnings were released (ran up > into earnings). Just broke through the 10dma on the downside. The weekly > chart shows "down arrows" on fairly big volume (close at the low of the bar > - turning the bar into an arrow). It could turn and run up after the > sellers get out of the way - but I would not count on it. Looks like it > wants to rest a bit here (distribution obvious on the weekly charts for the > last two weeks). > > So, if you are looking for a long term hold, why not look for a base of at > least 4 weeks (longer is better, but sometimes they don't rest that long) > and buy the breakout of that base? That way at least you have a signal for > a new advance (with a decent stop if the signal turns out to be false). > Who knows, it might be starting a 6 month base, or a 3 week base (I have > never found any way to predict these things). > > Now the trading view (AFAIK): > > If you just want a short term bottom you might look for some kind of trend > line to form as it goes down and then a break upwards through that trend > line. I have also found volume reversals, pipes, and candlestick reversals > (there are several kinds) to be somewhat useful. Bollinger bands are also > an interesting technique. Candlestick type reversals usually seem to be > more reliable at the end of longer downtrends than Dell has yet developed - - > weeks or even months. Pipes and volume reversals seem to be equally > reliable, regardless of the timeframe. Still - you are calling essentially > a short term trend reversal with these techniques. Therefore - it probably > should be looked at as a short term trade. > > HTH. > > Regards, > Craig > > > - - ------------------------------ Date: Thu, 21 May 1998 16:03:29 -0400 (EDT) From: Deepak Kapur Subject: Re: [CANSLIM] Tom has left the group Well said, Ken and others. Tom, we want you back. Hope you will reconsider in case you have decided to give up on us. Deepak - - ------------------------------ Date: Thu, 21 May 1998 16:20:40 EDT From: Mulack Subject: Re: [CANSLIM] Tom In reading the post four several months, as a new member , I agree with this post. It is a shame that Tom left the group. Frank D. Mulack - - ------------------------------ Date: Thu, 21 May 1998 13:35:31 -0700 From: Tim Fisher Subject: Re: [CANSLIM] OBV/MF: RAYS One of the ClearStation crew recommended RAYS long this morning.= Coincidence? At 11:05 AM 5/21/98 , you wrote: >Members-- > >One of the members of my faculty group just sent me a stock that one of >his trader sites put up a couple of hours ago. > >It is a bit unusual that a stock recommended for trading is also an >OBV/MF candidate.=A0 In fact, I have found that stocks recommended by the >big houses and pushed out over CNBC don't at all fit OBV/MF or EMA >criterion.=A0 Often, you, too must have thought that there was no >discernible reason for the stock being recommended [but this is where >positive earnings reports move an otherwise vanilla-looking stock and >immediately cause it to change character]. > >However, RAYS is a modestly qualifying stock.=A0 It technically was an EMA >buy over two weeks ago, but has not made a run yet.=A0 The SloSto is >recent and valid; and MACD is still favorable but the buy is as old as >the EMA and the SAR. > Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 21 May 1998 13:46:42 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Responses to CS Questions At 11:47 AM 5/21/98 , you wrote: > >C--At least the most recent two quarters should have earnings growth >of 25% or better, SQLY.=A0 This should be confirmed by a sales >(revenues) increase of at least 25% in the most recent quarter (SQLY) >OR a consistently increasing % sales rate of change over the most >recent 3 quarters (quarter to subsequent quarter--rolling >quarters--not Same Quarter Last Year). > So are year-ago comaprisons completely out the window now? >A--There should be an annual compounded eps growth rate of at least >25% over the last 3 years.=A0 I'm assuming that one of the years can be >lackluster since he allows isolated quarters to be lackluster.=A0 What >matters, apparently, is the thrust and overall strength.=A0 (For the >sake of accuracy, I've also been told that O'N accepts as little as >one year, but my cynical side suspects that this may be pandering to >subscribers who want to know why they missed some of last year's most >visible winners--or this year's as far as that goes.=A0 Whether you >accept this or insist on three is up to you.=A0 However, anyone who goes >with one year owes it to himself to look up the SEC IPO filing to get >financial data--without earnings, of course--from the period previous >to the public offering.) > How does this compare to a linear fitted EPS growth trend through the last 3 years earnings?=20 >Float is acceptable up to 50M.=A0 Ryan, if you care, accepts up to 75M.=20 >He wiggles here, however, and says that it would be self-defeating to >ignore the large-caps, given their spectacular performance.=A0 Again, up >to you. > >He mentions low debt in the book and now specifies a ratio of less >than 1. > So that would be less than 100 in Zacks language or <100% in DGO language, since a ratio of "1" =3D 100% (?)=20 > >As far as numbers go, I need them as well since I let the computer do >the scans.=A0 But I set minimums and evaluate thereafter by the chart >and by the actual balance sheet.=A0 Anyone can set higher minimums if he >or she chooses, but to do so and then accuse anyone who doesn't use >the same minimums of not following CS is simply not accurate to CS or >fair to the individual.=A0=20 > I assume you do Quotes Plus scans on these criteria? Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 21 May 1998 16:51:53 -0400 From: Peter Newell Subject: Re: [CANSLIM] Buy on the dip? - DELL Last time I played that game I lost (Cellstar). Time before too. And with IBM when it went from 88 to 60 to 44 in two days. I have noticed that a long base with below average volume that breaks can work. But I'd wait for a confirmed up move as with M before trying this. Then at least it's hard to be wrong because the damage has been done. Peter Newell - ---------- > From: Craig Griffin > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Buy on the dip? - DELL > Date: Thursday, May 21, 1998 10:58 AM > > Tim, > > At 07:24 AM 5/21/98 -0700, you wrote: > >Where's the bottom this time? Any suggestions? > > Not my cup of tea (trying to call bottoms in short term price action). > Certainly not-Canslim vanilla. But I have done some thinking about it over > time and have a couple of thoughts in the last paragraph. > > First the more or less vanilla Canslim view (IMHO): > > It is up 30% from its last breakout (a few weeks back) and is down on big > volume two days out of the last four since earnings were released (ran up > into earnings). Just broke through the 10dma on the downside. The weekly > chart shows "down arrows" on fairly big volume (close at the low of the bar > - turning the bar into an arrow). It could turn and run up after the > sellers get out of the way - but I would not count on it. Looks like it > wants to rest a bit here (distribution obvious on the weekly charts for the > last two weeks). > > So, if you are looking for a long term hold, why not look for a base of at > least 4 weeks (longer is better, but sometimes they don't rest that long) > and buy the breakout of that base? That way at least you have a signal for > a new advance (with a decent stop if the signal turns out to be false). > Who knows, it might be starting a 6 month base, or a 3 week base (I have > never found any way to predict these things). > > Now the trading view (AFAIK): > > If you just want a short term bottom you might look for some kind of trend > line to form as it goes down and then a break upwards through that trend > line. I have also found volume reversals, pipes, and candlestick reversals > (there are several kinds) to be somewhat useful. Bollinger bands are also > an interesting technique. Candlestick type reversals usually seem to be > more reliable at the end of longer downtrends than Dell has yet developed - - > weeks or even months. Pipes and volume reversals seem to be equally > reliable, regardless of the timeframe. Still - you are calling essentially > a short term trend reversal with these techniques. Therefore - it probably > should be looked at as a short term trade. > > HTH. > > Regards, > Craig > > - - - ------------------------------ Date: Thu, 21 May 1998 14:03:16 -0700 (PDT) From: Anindo Majumdar Subject: [CANSLIM] Opinions on CSCO, THRX, AOL and ATHM whats the opinion on CSCO, AOL, ATHM and THRX ? all of them seem to have resisted the market downturn rather well. THRX seems to be coming of a corrrection. CSCO, AOL and ATHM hit new highs recently but have retraced. Are these buys now or should one wait till the market conditions improve. Anindo - - ------------------------------ Date: Thu, 21 May 1998 17:47:40 -0400 From: Connie Mack Rea Subject: [CANSLIM] THRX: Canslim/OBV/MF? Members-- Anindo, may I presume that your mention of THRX indicates it is a CS candidate? THRX is a nice example of OBV/MF/EMA. The OBV/MF shows a positive divergence for 30 days or so: price declining and OBV/MF holding steady. BigCharts won't give my any intraday charts. I was trying to see when the EMA gave its buys. Wednesday, perhaps? No matter. Today's close ought to give the third level buy signal. MACD will give a buy on today's close. The SloSto has been herky-jerky for over a month; it did, however, give another buy a couple of days ago. The SAR gave a first day buy yesterday. THRX appears to show a profitable conjunction of CS and OBV/MF--presuming, of course, that Anindo intended THRX as a CS candidate. Connie Mack - - ------------------------------ Date: Thu, 21 May 1998 16:55:54 -0700 (PDT) From: Anindo Majumdar Subject: Re: [CANSLIM] THRX: Canslim/OBV/MF? I do not follow strictly CANSLIM criteria. That would have ruled out candidates like YHOO, AOL before their massive runups. IMHO CANSLIM misses out on some of the stocks in their story phase. (That is stocks with no current earnings but enormous potential for the future) Stocks like ATHM, BLDPF, YHOO etc would flunk the CANSLIM criteria but does not mean that they cannot be bought now. Thanks Anindo > > Members-- > > Anindo, may I presume that your mention of THRX indicates it is a CS > candidate? > > THRX is a nice example of OBV/MF/EMA. The OBV/MF shows a positive > divergence for 30 days or so: price declining and OBV/MF holding steady. > > BigCharts won't give my any intraday charts. I was trying to see when > the EMA gave its buys. Wednesday, perhaps? No matter. Today's close > ought to give the third level buy signal. > > MACD will give a buy on today's close. > > The SloSto has been herky-jerky for over a month; it did, however, give > another buy a couple of days ago. > > The SAR gave a first day buy yesterday. > > THRX appears to show a profitable conjunction of CS and > OBV/MF--presuming, of course, that Anindo intended THRX as a CS > candidate. > > Connie Mack > > > - > > - - ------------------------------ Date: Fri, 22 May 1998 10:20:09 +0800 From: "Viv Tansley" Subject: RE: [CANSLIM] Re: Canslim members requesting obv/mf/ema Hi Connie, I would like to receive your T/A files as well if that's OK. Regards Viv Tansley - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Connie Mack Rea Sent: Wednesday, May 20, 1998 8:36 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Re: Canslim members requesting obv/mf/ema Mary-- Does your note mean that you didn't get either of the OBV/MF files? Connie Mack mckeener@ix.netcom.com wrote: > > Connie, > > Don't apologize and take your time. Thanks again. > > Regards, > > Mary Keener > > - - - - - ------------------------------ Date: Thu, 21 May 1998 22:54:33 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Members not receiving OBV/MF technicals. Connie,I'd also like to receive your files please.Thanks - - ------------------------------ Date: Thu, 21 May 1998 20:48:23 -0800 From: "Patrick Wahl" Subject: [CANSLIM] New Charts I put a couple of new charts up demonstrating a 2B type trade, including a setup in COMS. This is non-canslim, but thought some trader types might find it interesting. Address is - http://home.att.net/~pwahl - - ------------------------------ Date: Fri, 22 May 1998 04:35:42 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] When now Quotes Plus?? On Thu, 21 May 1998 10:31:37 -0400, you wrote: :Hi Dan, : :When will ver 2.0 be out? They keep saying soon, so 1 week to 3 months = at :a guess. : :What will it cost? I have seen varying rumours - all significantly = lower :than DG. : :HTH. : :Regards, :Craig : Craig, How long have you been using QP? Is 2.0 light years ahead of 1.1, or just a few more bells and whistles? And one other thing...What's "HTH"? :) Dan - - ------------------------------ Date: Fri, 22 May 1998 04:40:59 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Tom Tom, Noone wanted you to leave the list. Please don't be that way. Dan - - ------------------------------ Date: Fri, 22 May 1998 07:48:53 -0400 From: "Gary M. Pess" Subject: Re: [CANSLIM] Connie's TA Files Connie, I would also if possible. Gary M. Pess Ari Lawson wrote: > Connie,I'd also like to receive your files please.Thanks > > - - - ------------------------------ Date: Fri, 22 May 1998 07:56:43 -0400 From: Craig Griffin Subject: Re: [CANSLIM] When now Quotes Plus?? Dan, At 04:35 AM 5/22/98 GMT, you wrote: >How long have you been using QP? Is 2.0 light years ahead of 1.1, or >just a few more bells and whistles? And one other thing...What's >"HTH"? :) I guess I've been using it about 2 years. I don't know much more about 2.0 than is published on the website and Peter has kindly posted. Search our archives for Quotes Plus to see Peter's recent posts (he is a beta tester - I am not). HTH is Hope This Helps. Regards, Craig PS. QP is at http://www.quotes-plus.com/ - - ------------------------------ Date: Fri, 22 May 1998 08:03:01 -0400 From: Deral Rackley Subject: [CANSLIM] Connie Mack/Swing Trading Connie Mack: I am interested in learning more about SWING TRADING. Would you please = recommend reference sources (i.e. book, web site, other)? Thanks Deral - - ------------------------------ Date: Fri, 22 May 1998 09:34:19 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF:MMG Members-- More than the usual number of OBV/MF stocks this morning. I'll comment later. You might look at these in light of CS criteria; remember that these are the result of my scans rather than CS scans: MMG, EPIQ [believe some members have held this in the past], BEAS, FCXA, DL, and RAYS, which I mentioned and did buy yesterday. Connie Mack - - ------------------------------ Date: Fri, 22 May 1998 09:51:31 -0400 From: Connie Mack Rea Subject: [CANSLIM] Technical files. Viv, arilaw, and gpess: your files have been sent. Let me know if there's any problem. Connie Mack - - ------------------------------ Date: Fri, 22 May 1998 16:30:55 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Buy on the dip? - DELL Tim, Now one knows where the bottom will be, obviously. But looking at the short term I'd say the first bottom is close to 80 area for DELL. NASDAQ is on the verge of breaking down or already breaking down as I write and DELL is going down with it. Just putiing my head on the block here for a short term guestimate. I'm NOT going to buy it myself at that point. At 07:24 AM 21-05-98 -0700, you wrote: >For you "dippers" out there how do you predict the bottom? I've been >watching DELL come down from 98 last week to 87 this morning. I want back in >(been on board for two 90% rides so far) for the next double but I don't >know when to pull the trigger. Last time I called it at 70 but didn't pull >the trigger until close to 80. Where's the bottom this time? Any suggestions? > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Fri, 22 May 1998 10:47:56 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF follow up. Members-- Temper all the buy signals with a look at how the DOW and NASDAQ are doing. Put each in BigCharts [use the above acronyms to bring up the indices] and run them through the OBV/MF/EMA, the MACD, and Stochastics. Unless you intend to get in and out fast, don't buy into an EMA sell on the indices. Always, you prefer to trade with the trend, no matter how long you define the length of trend. The NASDAQ's MACD and SloSto look like the correction may be slowing. The NASDAQ today is all over the place. MMG: Strong OBV/MF. With the exception of the SAR, none of the other indicators [EMA, SloSto, and MACD] are ready. Could be a nice move when the next buy comes. EPIQ: Tom and I have discussed this stock in the past. To me, it looks to be in a full conjunction buy; i.e., all the indicators have given a buy in the last two days. BEAS: Is marginal choice; put on watch list. FCXA: Other than the SloSto, which is approaching oversold, all the indicators look sound. When the NASDAQ receives an EMA buy, I'd consider FCAX. DL: Looks good all around. RAYS: A stock sent me by one of my faculty stock group. I bought some yesterday at 12.25, but am looking for just a few bucks. However, the length of the OBV/MF makes it look attractive for the longer term. Connie Mack - - ------------------------------ Date: Fri, 22 May 1998 07:53:42 -0700 (PDT) From: Rich Subject: [CANSLIM] Tom It seems to me that Tom is no longer reading the postings in this group. If you are interested in trying to get him to participate again you should probably write him directly at: stkguru@netside.net Ciao, Rich _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 22 May 1998 11:14:11 -0500 From: Joe Scott Subject: Re: [CANSLIM] Tom Tom is definitely not reading this group, he has unsubscribed, and told me that he doesn't plan on returning anytime soon. I've tried to convince him otherwise, but didn't look good. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Fri, 22 May 1998 12:05:31 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Connie Mack/Swing Trading > Date: Fri, 22 May 1998 08:03:01 -0400 > From: Deral Rackley > I am interested in learning more about SWING TRADING. Would you please = > recommend reference sources (i.e. book, web site, other)? The book "Street Smarts" by Larry Connors and Linda Bradford Raschke has swing trading stuff in it. Also, Moore Research has a web site, and if you register, you can get some notes by Linda Raschke. I don't have the address unfortunately, but that's Stephen Moore, a search might turn up the web site. - - ------------------------------ End of canslim-digest V2 #249 ***************************** 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.