From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #251 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Sunday, May 24 1998 Volume 02 : Number 251 In this issue: Re: [CANSLIM] When now Quotes Plus?? [CANSLIM] companies depended on Galaxy IV [CANSLIM] Department of Justice v Microsoft Corp legal documents [CANSLIM] Tom & Jeffry [CANSLIM] The beauty of 'M' RE: [CANSLIM] TOM Re: [CANSLIM] TOM [CANSLIM] Lurking? Re: [CANSLIM] amwd Re: [CANSLIM] amwd Re: [CANSLIM] Lurking? Re: [CANSLIM] Connie's TA Files RE: [CANSLIM] When now Quotes Plus?? [CANSLIM] AMWD [CANSLIM] These are the Taunts Re: [CANSLIM] Tom Re: [CANSLIM] Lurking? [CANSLIM] Technical files. Re: [CANSLIM] AMWD Re: [CANSLIM] AMWD Re: [CANSLIM] Lurking? [CANSLIM] WBPR Re: [CANSLIM] AMWD RE: [CANSLIM] AMWD ---------------------------------------------------------------------- Date: Sat, 23 May 1998 21:31:55 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] When now Quotes Plus?? On Fri, 22 May 1998 07:56:43 -0400, you wrote: :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/ : Craig, I gather that the procedure is to periodically download the updated database of information about stocks, and that you incur a 12.95 or 15.95 fee when you do this (depending on direct call or Internet download). Do you have any idea what format this info is in and if it is possible to alter this data, say add today's action, tomorrow's etc.? Of course, downloading daily gets expensive, and the data gets outdated quickly if you cannot input recent info (i.e. today's hi, low, close, volume). Thanks for the info. Dan - - ------------------------------ Date: Sat, 23 May 1998 12:50:24 -0600 From: Kent Horne Subject: [CANSLIM] companies depended on Galaxy IV I've been digging around to see if I can screen some issues against both long and short possibilites related to the Galaxy IV orbit problems. This url is for a related copy of the BINOMIAL DISASTER RECOVERY WEB-LETTER, which is not stock related, but gives the most complete view I've come up with related to that satellite failure. I'd appreciate screening comments if anyone is looking for short or long play issues related to these communications issues. Thanks. This is a great letter to subscribe to if you're up to taking big doses of bad industrial data in a gulp. However, if you worry about you ISP connection or phone service you may not want to read much of it. This part of the communications industry has to look at all of the worst possible to plan a way out. I do not envy their frame of reference in the job. http://www.binomial.com/news_25.htm kent - - ------------------------------ Date: Sat, 23 May 1998 15:47:49 -0600 From: "Kent Horne" Subject: [CANSLIM] Department of Justice v Microsoft Corp legal documents New York Law Publishing Company site with the documents in this case. http://www.ljx.com/LJXfiles/dojvms.html - - ------------------------------ Date: Sun, 24 May 1998 00:10:01 +0200 From: Johan Van Houtven Subject: [CANSLIM] Tom & Jeffry ... almost wrote "Tom & Jerry"... B^) Since CANSLIM is no longer the main topic on this mailing list, I thought I might as well add my input on the new main topic. Here's my opinion: I like both Tom and Jeffry! Does that mean I agree with everything they write, say or do? Of course not. Do I have to? I would hope not. Both are very welcome to the group as far as I am concerned. Can we now please get back to the topic this mailing list was created for and even named after? Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sun, 24 May 1998 00:12:34 +0200 From: Johan Van Houtven Subject: [CANSLIM] The beauty of 'M' Just wanted to share something I've come to appreciate: If you want to invest the CANSLIM way, determining what 'M' is doing is an important part. (ref: WON's HTMMIS 2nd ed. p. 44) What I have come to appreciate about how WON takes care of 'M' is that you do not need to make predictions about what the market is going to do. You do not need to guess what the market will be doing 1, 6 or 24 months from now. You do not need to have a crystal ball. You just determine what the market is doing now. There have been times when I thought that if I wanted to become a succesfull investor I had to find a way to predict what the market was going to do. Sometimes I still get the urge to try just that. But luckily the urge disappears quite fast, as I prove to myself, time and time again, that I can not do that. What I have come to realize during the last year or so, is that I need not worry about what the market will do in the future. CANSLIM has techniques to get me in and out of the market at what have proven to be pretty good entry and exit points (for buying and selling CANSLI-worthy stocks that is). I'm glad that I finally came to appreciate and trust the way WON handles market direction in his book. And I wanted to thank the members of this mailing list for all the terrific posts about 'M' that have helped to reach that conclusion. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sat, 23 May 1998 18:30:29 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] TOM This is a multi-part message in MIME format. - ------=_NextPart_000_0005_01BD8678.DD13C5E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit > Tom, why are you letting one individual drive you from this discussion > group? I ask you to look deep inside of yourself and to reflect on what > it is that is driving you to respond in this way. Is your psyche so > fragile that the criticism that you perceive coming from this one > individual is more important to you than the extraordinarily greater > amount of positive feedback you receive from a much larger number of > people? > > I, for one, will not, as one person has suggested, beg you to return. It's > a choice you have to make. If you choose not to return, the people in this > group will miss you, but they will survive, either in this > discussion group > or elsewhere. If you do return, I do beg you to ignore people who rub you > the wrong way just as others have ignored some really rather difficult > comments directed their way from various people. Either way, please > consider the question I have proposed to you. And good luck whatever you > decide. > > Sincerely, Valere R. Buyle (vRb) > Dear People: My feelings and experiences on this list are very similar to Valere's. I listen a lot, I read and learn a lot, and I don't say very much. In truth, I feel utterly unqualified and unworthy to do so. So please forgive this one indiscretion. I don't want to belabor this off-topic subject. I just want to say that I hope that this list will continue to be a place where people can speak their minds, exercise their right to free speech, disagree and even confront one another's opinions without fear of reprisals, without feeling "chilled", personally attacked, or that they have to agree or "suck up" to those in charge. This list has always been that way, and I feel that is one of its greatest strengths. I was on another list where I became unwelcome and was even banned for expressing unpopular views, unpopular subjects, and confronting and attacking the views of those running the list when I felt justified in doing so. I came to this list because it seemed to me to be a different place, a place where people dared to disagree and express constructive criticism and divergent views, a place where the listowners did not act in a unduly punitive and heavy-handed manner in chilling the subjects they deemed "off topic" or discouraging those they did not particularly like or feel simpatico with. I hope that will continue to be the case because it makes for a very interesting,insightful and worthwhile experience that way. I have seen what happens when the list becomes an attempt to pander to anyone, including the powers that be, and the members spend their time patting each other on the back showing off how smart they think they are. This list is different and wonderfully so. Please, let's keep it that way. Thank you. _______________________ Nelson E. Timken, Esq. J.N. Capital, Inc. Douglaston, New York - ------=_NextPart_000_0005_01BD8678.DD13C5E0 Content-Type: text/x-vcard; name="Nelson E. Timken Esq..vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nelson E. Timken Esq..vcf" BEGIN:VCARD VERSION:2.1 N:Timken;Nelson;E.;;Esq. FN:Nelson E. Timken Esq. ORG:J.N. Capital, Inc.;Development TITLE:Secretary TEL;WORK;VOICE:718-423-6800 TEL;HOME;VOICE:(718) 468-6293 TEL;WORK;FAX:(718) 224-4782 ADR;WORK:;Secretary;40-26 235th Street;Douglaston;NY;11363;United States = of America LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:Secretary=3D0D=3D0A40-26 235th = Street=3D0D=3D0ADouglaston, NY 11363=3D0D=3D0AUnited Stat=3D es of America ADR;HOME:;;80-41 230th Street;Bellerose Manor;NY;11427;United States of = America LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor, NY 11427=3D0D=3D0AUnited States of = Amer=3D ica URL: URL:http://www.geocities.com/wallstreet/5791 ROLE:Attorney/Venture Capitalist BDAY:19980704 EMAIL;PREF;INTERNET:netimken@erols.com REV:19980422T120302Z END:VCARD - ------=_NextPart_000_0005_01BD8678.DD13C5E0-- - - ------------------------------ Date: Sat, 23 May 1998 19:39:48 EDT From: Ssingh Subject: Re: [CANSLIM] TOM You must be a lawyer, I mean attorney ;-) Surindra In a message dated 98-05-23 18:31:08 EDT, you write: << Subj: RE: [CANSLIM] TOM Date: 98-05-23 18:31:08 EDT From: netimken@erols.com (Nelson E. Timken, Esq.) Sender: owner-canslim@lists.xmission.com Reply-to: canslim@lists.xmission.com To: canslim@lists.xmission.com File: Nelson E. Timken Esq..vcf (812 bytes) DL Time (26400 bps): < 1 minute > Tom, why are you letting one individual drive you from this discussion > group? I ask you to look deep inside of yourself and to reflect on what > it is that is driving you to respond in this way. Is your psyche so > fragile that the criticism that you perceive coming from this one > individual is more important to you than the extraordinarily greater > amount of positive feedback you receive from a much larger number of > people? > > I, for one, will not, as one person has suggested, beg you to return. It's > a choice you have to make. If you choose not to return, the people in this > group will miss you, but they will survive, either in this > discussion group > or elsewhere. If you do return, I do beg you to ignore people who rub you > the wrong way just as others have ignored some really rather difficult > comments directed their way from various people. Either way, please > consider the question I have proposed to you. And good luck whatever you > decide. > > Sincerely, Valere R. Buyle (vRb) > Dear People: My feelings and experiences on this list are very similar to Valere's. I listen a lot, I read and learn a lot, and I don't say very much. In truth, I feel utterly unqualified and unworthy to do so. So please forgive this one indiscretion. I don't want to belabor this off-topic subject. I just want to say that I hope that this list will continue to be a place where people can speak their minds, exercise their right to free speech, disagree and even confront one another's opinions without fear of reprisals, without feeling "chilled", personally attacked, or that they have to agree or "suck up" to those in charge. This list has always been that way, and I feel that is one of its greatest strengths. I was on another list where I became unwelcome and was even banned for expressing unpopular views, unpopular subjects, and confronting and attacking the views of those running the list when I felt justified in doing so. I came to this list because it seemed to me to be a different place, a place where people dared to disagree and express constructive criticism and divergent views, a place where the listowners did not act in a unduly punitive and heavy-handed manner in chilling the subjects they deemed "off topic" or discouraging those they did not particularly like or feel simpatico with. I hope that will continue to be the case because it makes for a very interesting,insightful and worthwhile experience that way. I have seen what happens when the list becomes an attempt to pander to anyone, including the powers that be, and the members spend their time patting each other on the back showing off how smart they think they are. This list is different and wonderfully so. Please, let's keep it that way. Thank you. _______________________ Nelson E. Timken, Esq. J.N. Capital, Inc. Douglaston, New York ----------------------- Headers -------------------------------- Return-Path: Received: from relay21.mx.aol.com (relay21.mail.aol.com [172.31.106.67]) by air15.mail.aol.com (v43.17) with SMTP; Sat, 23 May 1998 18:31:07 -0400 Received: from lists.xmission.com (lists.xmission.com [198.60.22.7]) by relay21.mx.aol.com (8.8.5/8.8.5/AOL-4.0.0) with SMTP id SAA00192; Sat, 23 May 1998 18:31:00 -0400 (EDT) Received: from domo by lists.xmission.com with local (Exim 1.82 #1) id 0ydMno-000291-00; Sat, 23 May 1998 16:30:08 -0600 Received: from (smtp2.erols.com) [207.172.3.235] by lists.xmission.com with esmtp (Exim 1.82 #1) id 0ydMnl-00028n-00; Sat, 23 May 1998 16:30:05 -0600 Received: from nelson (207-172-114-184.s57.as11.nyd.erols.com [207.172.114.184]) by smtp2.erols.com (8.8.8/8.8.5) with SMTP id SAA20071 for ; Sat, 23 May 1998 18:30:01 -0400 (EDT) From: "Nelson E. Timken, Esq." To: Subject: RE: [CANSLIM] TOM Date: Sat, 23 May 1998 18:30:29 -0400 Message-ID: <000401bd869a$642565e0$22c0accf@nelson> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_NextPart_000_0005_01BD8678.DD13C5E0" X-Priority: 3 (Normal) X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook 8.5, Build 4.71.2173.0 Importance: Normal X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4 In-Reply-To: <8525660D.006CC180.00@lngodd02.notes.chrysler.com> Sender: owner-canslim@lists.xmission.com Precedence: bulk Reply-To: canslim@lists.xmission.com X-No-Archive: yes >> - - ------------------------------ Date: Sat, 23 May 1998 20:43:56 -0500 From: "Joe Scott" Subject: [CANSLIM] Lurking? Members, I hope the lurkers that posted in the past few days will continue to share there thoughts with us. Having "nothing to contribute" hasn't stopped me. I find that confessing my "rule breaking behavior" to the group has helped me not to repeat those same mistakes again, that along with the locked keyboard. :-) I will be reviewing my watch list of stocks this weekend, and setting them up to monitor for volume breakouts, although I will only be paper trading any until I feel "M" has turned. I'm reading a book that I have found has helped me understand the mechanics of how the markets works, The Electronic Daytrader, by Friedfertig and West. I would recommend it even if you had no interest in daytrading. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Sat, 23 May 1998 21:44:41 -0400 From: "PHYLLIS ROBINSON" Subject: Re: [CANSLIM] amwd I was looking at AMWD and according to dailystocks it had aloss last quarter(Jan) and it is owned by 30% institutions. This is a new pick for by canslim.net. Now I am really confused. I thought that there had to be consecutive earnings increased and low institutional sponsorship. Phyllis Date: Thursday, May 21, 1998 8:03 PM 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: Sat, 23 May 1998 21:28:10 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] amwd This stock has been on my list for some time, I do believe it qualifies. Daily Graphs shows 16% ownership in Banks& Funds, I use the under 20% rule. 98 earnings est. +18%, past 4 quarters earnings all up min of 18% over previous years quarter. RS 93, ESP rank 91, growth 97%, eps due 6/24, group RS a little low 58. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Sun, 24 May 1998 00:14:03 EDT From: Ssingh Subject: Re: [CANSLIM] Lurking? What is the url for The Electronic Daytrader? ;-) Surindra In a message dated 98-05-23 21:44:11 EDT, you write: Members, :-) The Electronic Daytrader, by Friedfertig and West. I would recommend it even if you had no interest in daytrading. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ >> - - ------------------------------ Date: Sat, 23 May 1998 21:21:38 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Connie's TA Files > Date: Fri, 22 May 1998 17:05:47 -0400 > From: "Gayle Austin http://www.rootsweb.com/~vapittsy/" > I am brand new to the list. What are Connie's TA Files? As a new person I > would imagine that I would need them as I need all the help that I can get!! > Gayle As a new person, these might be more confusing than helpful at this point. You might want to get them anyway and then file them away for future reference, but at this point I think learning to read charts from a broader point of view would be more helpful. By that I mean learning to identify a chart in a basing pattern, a stock that is too extended to buy, finding cups and handles, etc. I think Connie Mack is a very short term trader, which I wouldn't recommend trying until you get a bit of experience (if then). - - ------------------------------ Date: Sun, 24 May 1998 00:23:46 -0700 From: Mike Lucero Subject: RE: [CANSLIM] When now Quotes Plus?? I hope you don't mind my answering. The daily download only costs 12.95 (internet)/15.95 (direct) per month. I think that may increase for version 2, but there is going to be 5 or 6 years of data, fundamentals, mutual fund data plus some industry group capability. You will be able to rank industry groups by performance, then load and look at those groups in QP and see their constituents. The data is downloaded into a database, I think, but version 2 makes it available "virtually" (using a Win95 driver) in Metastock format. I use the QP beta with Metastock. On the Metastock list, there are many complaints about other data providers, with failed downloads, slow downloads, etc. QP downloads quickly and easily. Mike On Saturday, May 23, 1998 2:32 PM, Dan Musicant [SMTP:musicant@autobahn.org] wrote: > On Fri, 22 May 1998 07:56:43 -0400, you wrote: > > :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/ > : > Craig, > > I gather that the procedure is to periodically download the updated > database of information about stocks, and that you incur a 12.95 or > 15.95 fee when you do this (depending on direct call or Internet > download). Do you have any idea what format this info is in and if it > is possible to alter this data, say add today's action, tomorrow's > etc.? Of course, downloading daily gets expensive, and the data gets > outdated quickly if you cannot input recent info (i.e. today's hi, > low, close, volume). Thanks for the info. > > on the list, but I'm also sending it there. Couldn't send when I wrote > it as my ISP wasn't working. However, you can answer this on the list> > > Dan > > > > - - ------------------------------ Date: Sun, 24 May 1998 07:46:15 -0400 From: "PHYLLIS ROBINSON" Subject: [CANSLIM] AMWD What does the froup think of, the chart for AMWD? I am new to reading charts and I am trying to understand this one. Thanks, Phyllis - - ------------------------------ Date: Sun, 24 May 1998 08:42:37 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] These are the Taunts Reading the digest over the past few days, along with the flood of mail sent directly to me, what is most apparent is how varied the interpretations of our comments can be in this group. What insults some, inspires an equal number to thanks. What sounds like an apology to some, is viewed with disdain by others. And so on. With that in mind, these are the posts that created such a stir this week past. BTW, I remain interested in the answers. However, I will try not to raise this topic again. Tom begrudgingly answered these questions: > Tom, do I understand this explanation correctly to mean it is your "M" > approach to play stocks that fit your CANSLIM criteria as long as the > overall "bull market" continues? > > That is, as long as the "economic conditions, etc." are favorable for > continuing upside movement in the "M", you do not adjust for > intermediate moves down by reducing exposure to the market through stop > placement, etc.? > > Thanks > > Jeffry (the Happy Cash Man) > His response is set out below, but it raised additional questions for me, so I asked: > Tom, let me clean up this series of questions, post them again and see > if I can understand your point here. You wrote: > > > > But as long as I can continue finding stocks with top drawer CS > > elements, I will continue to study charts and look for new buying > > opportunities. I just don't find the "distribution" signals that > > worked five years ago to be so clear today. Part of that is a result > > of the duration of this bull mkt, which has led many "johnny come > > lately"s to jump in (again a warning signal of a top). But mostly, I > > think it is a result of the $20 billion or so being pumped into the > > mkt every month on a net basis. And as long as the market says it > > wants to go higher, whatever the reasons, who am I to argue with it?? > > > > Tom W > > > > What exactly are you looking at which indicates "the market says it > wants to go higher"? > > When you indicate a lack of clarity in distribution signals in the last > 5 years, are you talking about distribution signals that pre-sage a bear > market, or intermediate topping action leading to intermediate term > corrections/conslidations? > > Were the "distribution" signals "clear" to you back in early October of > 1997, prior to the crash? How about January 1997? > > If not, what exactly did you find to be unclear in each of those > intermediate term tops? > > Whether you found those tops true to WON's distribution signals, what > other points in the indices did you have in mind where "distribution" > signals (compression type after an 3-6 month advance) were not clear > during the past five years compared to those in the prior period which > are referencing in your comments here? > > Thanks in advance for your response, Tom. > > Jeffry If those were taunts, harangues, attacks, etc. then I suppose I am guilty as charged. But, I think the subsequent posts I made were what got everyone's dander up, although I may be mistaken. My later posts where intended to be my expressions of amazement at comments like "If you didn't notice, I'm trying to ignore your taunts", "Tom's already answered this question, ignore him, Tom doesn't follow CANSLIM, WON's "M", etc". Yep, I knew that already, but wouldn't you like to know the answers to the questions above from someone who understands WON's "M" and has rejected it in favor of something else? I follow WON's M the best I can, and if someone has some information which suggests it doesn't work, I would and do want to know. I'm happy to let this lie, no need for anyone to respond. Regards, Jeffry - - ------------------------------ Date: Sun, 24 May 1998 08:58:14 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Tom Richard E. Jenkins wrote: > > > Date: Fri, 22 May 1998 16:58:23 -0400 > > From: Jeffry White <"postwhit@sover.net"@sover.net> > > Subject: [CANSLIM] Tom > > To: canslim@mail.xmission.com > > Reply-to: canslim@lists.xmission.com > > > > > I've said this before, but I'll say it again. With a few exceptions > > (for example, I think he's too picky when the "M" move is in full swing) > > Tom has the finest grasp of the most fundamental CS criteria for stock > > > > CANSLIM about the oils. I know of a member of this group who posted a > > very thoughtful analysis which was textbook CANSLIM pointing out the > > leadership emergence of the oil group in mid-May '97, only to have Tom > > gun it down in a very persuasive way with one exception: It was > > > > Outside of true and pure CANSLI fundamental criteria, what Tom focuses > > on, no matter how eloquently stated, interesting (yes, even I find it > > perhaps too interesting, at times) is CNBC style noise, IMHO. There are > > > > To each his own, but what has troubled me and frustrated me (apparently > > to the point of abject sarcasm) is that Tom's omnipresence on this > > thread is very confusing to many newbies, and many time to me as well > > (newbie or no). Many, many have confirmed this to me privately. But > > > > Tom is a great teacher of CANSLI- principles, but I don't think it is > > fair to be so vocal in a group like this and not be perpetually cautious > > and mindful of the effect that such everpresent comments have on the > > > > I say yes, even to Tim F. That's how we should maintain focus on what > > brought us here in the first instance. To learn, to clarify, to > > perfect. If Tom uses some other type of market timing effort to scale > > in and out of the market, I'd like to think that I can ask him about it > > and get a thoughtful answer. If there is no thoughful answer, what's > > > > Tom, I'll try it again and hope you and I can find a way to coexist. > > I'm no authority, and neither are you. We are all just trying to learn, > > make money, have fun and avoid the pitfalls that make this the best game > > in town. > > > > Now, back to the morphine before I offend everyone all over again (if I > > haven't already). > > > > Jeffry > > > > > > I have identified no less than 7 additional negative comments > about Tom in your recent msg, proporting to be an apology. > > You certainly have offended me, again. > > -I think we should all just stick to business!!! - - ------------------------------ Date: Sun, 24 May 1998 08:04:08 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Lurking? I bought through www.amazon.com, but they to have a site at www.electronicdaytrader.com don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Sun, 24 May 1998 10:16:13 -0400 From: Connie Mack Rea Subject: [CANSLIM] Technical files. Morning Gayle & Patrick-- Gayle, Patrick is probably right about my files on both counts. I will, however, be glad to send you a copy. They are long and were not intended to be sent en masse. They ought to have been further edited; I see some grammatical fluffs that are unacceptable, but once published there is no taking back error; there is only embarrassment and apology. What continuity there is is internal to each file and not to the whole set. There were about 120 originally; using mostly just headers as an indicator of what the file contained, I cut out several files. I'm afraid much was still left that ought to have been edited out. I am grateful for your requests--so many more than I had anticipated. When I have the time, I am always glad to answer your questions. Traders live by the minute hand on the clock; investors are fortunate enough to live by the hour hand. Yet there is a time when the two hands are superimposed; it is then that the strategy of the trader and can be useful to Canslim. I try to emphasize this conjunction, for traders were first investors rather than the reverse. I therefore know something about investing [but admittedly not much about Canslim, though I have read some of O'Neill's stuff years ago] and a bit more about trading. I do not intend indifference to Canslim principles when I offer stocks that come from my OBV/MF/EMA scans. I am not trying to stick my trader nose into Canslim business. One out of 15 or so of my stocks fit Canslim criteria, sometimes a loosened criteria; it is then that there is a powerful conjunction of indicators. I intend the comments on the OBV/MF stocks to prepare members to see how the trader's criteria are useful to the Canslimer's. And on occasion, for those who wish to loosen Canslim criteria to buy a stock, the comment will prepare them to be acceptably aggressive, especially for entry and exit. Just today Phyllis asked about AMWD. She is admittedly new to investing and wondered if the stock were a legitimate CS candidate. I try to look at most of the stocks members post; and if there is, or isn't, a qualifying comment that the stocks are not full CS candidates, I run them through the OBV/MF scan. If they fit OBV/MF criteria, I comment, hoping to add some assurance should they wish to buy or a warning caveat. A few times I have commented on a stock offered by a member, only to learn shortly that the stock fell short of CS criteria. Because I run no CS scans, I sometimes feel, then, that I have stuck my nose in where I should not have. If a member will take a look at AMWD and confirm it is a CS candidate, I will comment, for it does have some OBV/MF criteria. Thanks for the request, Gayle. Thanks for the comment, Patrick. Connie Mack - - ------------------------------ Date: Sun, 24 May 1998 09:44:18 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] AMWD Have you read about requirements to entering a stock in "How to make money in stocks"? About the 6 to 8 week base, breaking out on heavy volume? These are some very important principals if you are going to follow CANSLIM. About the chart, looks to me that AMWD has been in a 29/30 dollar base for about 8 weeks, its had a couple of pops to the upside but with no volume, in first week of May it retreated back to its support of 29, had another pop on the 21st, and looks to be retreating back again. It would be one to watch and consider if you have "M" moving up, and you get a legitimate breakout from its base. I have found that with "M" like it is this past month that even the best breakouts are failing. O'Neil says 3 out of 4 will follow the market, and if you look at the advancers as opposed to decliners, it looks like pretty bad odds. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Sun, 24 May 1998 10:53:10 -0400 From: "PHYLLIS ROBINSON" Subject: Re: [CANSLIM] AMWD Thanks for the response, I have bought the book HTMMIS, and I have read the book, and I have tried to understand the book, and it is still Greek to me. I can't 'see' the cup and saucer patterns, I am not sure what 'basic' terms like 'base' means. Also I dont have a clue what 'M' means, how to find it or to check on it. If there is someone in this group that can explain "Canslim' in elementary terms, i would appreciate it! - -----Original Message----- From: Joe Scott To: canslim@lists.xmission.com Date: Sunday, May 24, 1998 10:45 AM Subject: Re: [CANSLIM] AMWD >Have you read about requirements to entering a stock in "How to make money >in stocks"? About the 6 to 8 week base, breaking out on heavy volume? >These are some very important principals if you are going to follow CANSLIM. >About the chart, looks to me that AMWD has been in a 29/30 dollar base for >about 8 weeks, its had a couple of pops to the upside but with no volume, in >first week of May it retreated back to its support of 29, had another pop on >the 21st, and looks to be retreating back again. >It would be one to watch and consider if you have "M" moving up, and you get >a legitimate breakout from its base. I have found that with "M" like it is >this past month that even the best breakouts are failing. O'Neil says 3 out >of 4 will follow the market, and if you look at the advancers as opposed to >decliners, it looks like pretty bad odds. > >don't know a thing >joe > >joe@2fords.net >http://www.2fords.net/joe/ > > > >- > > - - ------------------------------ Date: Sun, 24 May 1998 11:24:01 -0700 From: Subject: Re: [CANSLIM] Lurking? Well Joe I broke canslim a few weeks back and bought netscape at 24 it went to 32 and I didn't sell and it is back to my entry point as of Friday. Believe me I have sweated this one more than I like. earnings are coming out Tuesday after the bell and I dont have a loss stop set. I believe the more I do this the dumber I get. David By the way I do miss Tom he probably would have talked me out of this one - -----Original Message----- From: Joe Scott To: CANSLIM Date: Saturday, May 23, 1998 6:43 PM Subject: [CANSLIM] Lurking? >Members, >I hope the lurkers that posted in the past few days will continue to share >there thoughts with us. Having "nothing to contribute" hasn't stopped me. I >find that confessing my "rule breaking behavior" to the group has helped me >not to repeat those same mistakes again, that along with the locked >keyboard. :-) >I will be reviewing my watch list of stocks this weekend, and setting them >up to monitor for volume breakouts, although I will only be paper trading >any until I feel "M" has turned. >I'm reading a book that I have found has helped me understand the mechanics >of how the markets works, The Electronic Daytrader, by Friedfertig and West. >I would recommend it even if you had no interest in daytrading. > >don't know a thing >joe > >joe@2fords.net >http://www.2fords.net/joe/ > > > >- > > - - ------------------------------ Date: Sun, 24 May 1998 08:35:08 -0700 From: Bill Subject: [CANSLIM] WBPR WBPR - 16 1/2 - Marginal CANSLIM numbers but an Interesting MF/OBV chart. Comments appreciated. Thanks. - - ------------------------------ Date: Sun, 24 May 1998 10:57:09 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] AMWD Phyllis, You need to crack that book again, Part One, Winning System, CANSLIM. "M" is the M in CANSLIM, which is market direction, this has been the talk of these posts lately, and the cause of the big "Tom/Jeffrey" confrontation. Market direction in the past month would keep you out of entering any new positions, or at least thats how I understand it. It doesn't always work though, read Davids post, and it hasn't slowed me down, much to the detriment of my account. Chapter 15 explains chart bases, and how to recognize them. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Sun, 24 May 1998 12:10:30 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] AMWD This is a multi-part message in MIME format. - ------=_NextPart_000_0005_01BD870C.F235A080 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Joe- You said the lurkers should start to contribute so here goes. My wife needs to learn about stocks. She knows literally not one thing, and I fear that if something ever happens to me she will be left in total ignorance on how to proceed. Do you recommend she begin by reading HTMMIS or some other tome that might be a preliminary to that, such as "Beating the Street" by Peter Lynch. BTW, it wouldn't be a bad idea for me to read whatever you suggest as well. Nelson "Know 10 times Less than Joe or Anyone Else" > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Joe Scott > Sent: Sunday, May 24, 1998 11:57 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] AMWD > > > Phyllis, > You need to crack that book again, Part One, Winning System, CANSLIM. > "M" is the M in CANSLIM, which is market direction, this has > been the talk > of these posts lately, and the cause of the big "Tom/Jeffrey" > confrontation. > Market direction in the past month would keep you out of entering any new > positions, or at least thats how I understand it. It doesn't always work > though, read Davids post, and it hasn't slowed me down, much to the > detriment of my account. > Chapter 15 explains chart bases, and how to recognize them. > > don't know a thing > joe > > joe@2fords.net > http://www.2fords.net/joe/ > > > > - > > - ------=_NextPart_000_0005_01BD870C.F235A080 Content-Type: text/x-vcard; name="Nelson E. Timken Esq..vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nelson E. Timken Esq..vcf" BEGIN:VCARD VERSION:2.1 N:Timken;Nelson;E.;;Esq. FN:Nelson E. Timken Esq. ORG:J.N. Capital, Inc.;Development TITLE:Secretary TEL;WORK;VOICE:718-423-6800 TEL;HOME;VOICE:(718) 468-6293 TEL;WORK;FAX:(718) 224-4782 ADR;WORK:;Secretary;40-26 235th Street;Douglaston;NY;11363;United States = of America LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:Secretary=3D0D=3D0A40-26 235th = Street=3D0D=3D0ADouglaston, NY 11363=3D0D=3D0AUnited Stat=3D es of America ADR;HOME:;;80-41 230th Street;Bellerose Manor;NY;11427;United States of = America LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:80-41 230th = Street=3D0D=3D0ABellerose Manor, NY 11427=3D0D=3D0AUnited States of = Amer=3D ica URL: URL:http://www.geocities.com/wallstreet/5791 ROLE:Attorney/Venture Capitalist BDAY:19980704 EMAIL;PREF;INTERNET:netimken@erols.com REV:19980422T120302Z END:VCARD - ------=_NextPart_000_0005_01BD870C.F235A080-- - - ------------------------------ End of canslim-digest V2 #251 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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