From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #255 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 26 1998 Volume 02 : Number 255 In this issue: [CANSLIM] Tom, Jeffry and Connie Re: [CANSLIM] S. Korea down Re: [CANSLIM] In Defense of Jeffry Re: [CANSLIM] My current watch list [CANSLIM] Tom, Jeffry and Connie Re: [CANSLIM] Farmer [CANSLIM] Intro: Thomas Worley Re: [CANSLIM] Lurking? RE: [CANSLIM] S. Korea down Re: [CANSLIM] Farmer [CANSLIM] One from my watch list [CANSLIM] One from my watch list Re: [CANSLIM] In Defense of Jeffry [CANSLIM] Farmer [CANSLIM] IPO's & the IBD [CANSLIM] IPO's & the IBD [CANSLIM] Farmer [CANSLIM] Farmer Re: [CANSLIM] Lurking? EDAC (was Re: [CANSLIM] My current watch list) [CANSLIM] Group rate for Daily Graphs Online (was Fw: Your request) ---------------------------------------------------------------------- Date: Tue, 26 May 1998 13:29:24 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Tom, Jeffry and Connie To paraphrase one of America's fave rogue journalist-authors (Mark Twain), "make money and the whole world will conspire to call you a gentleman". It may be an accurate quote (anybody got Bartlett's?). I think I may amend that for this posting to read: *help others make money and...* This is just my humorous reflection on some of the machinations/goings-on of this list lately.=20 =46WIW (It garnered me some laughs and smiles -- hope it does the same for you). Dan - - ------------------------------ Date: Tue, 26 May 1998 16:25:47 PDT From: "Charles Morgan" Subject: Re: [CANSLIM] S. Korea down A news article mentioned that the weak yen is hurting Korean exports and that there is to be a two day general strike to protest layoffs. Chuck >From: "Tom Worley" >To: "CANSLIM" >Subject: [CANSLIM] S. Korea down >Date: Tue, 26 May 1998 01:47:04 -0400 >Reply-To: canslim@lists.xmission.com > >South Korea down over 7%, anyone seen any news aside from the >continuing conflict in Indonesia?? > >Tom W > > > >- > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Mon, 25 May 1998 21:58:33 -0500 (CDT) From: John Subject: Re: [CANSLIM] In Defense of Jeffry speaking as a lunker! I am not a novis at investing but not doing poorly. Let him rebound and find a good position and I bet he will return. If not we learned a lot and all gained even if he never posts again. Now about canslim.I donot feel the hi erg is enough to protect anyone in a down market. I feel the graph is about the only thing that cant be manipulated and is the most importaint element. Fundamentals look good but in most cases wont pay the rent xjadair At 06:30 PM 5/23/98 -0700, you wrote: > >Some of you were here when I was part of this list before. Many of >you have joined since I left. Therefore, many of you don't have the >slightest idea who I am. And may not care to find out. I go through >this prelude only to make it clear that I didn't just get off the bus. > This neighborhood is familiar to me. > >I've observed and participated in many CS forums over the last couple >of years. I initiated some of them. Message boards, websites, e-mail >groups open and closed, etc. And not one of them--after a few weeks, >anyway--was appropriate for newbies (or, for that matter, for anyone >wanting to adhere to anything approaching the straight and narrow). >Why? Because no one was willing to assume the role of gate-keeper and >maintain that discipline. Actually, that's not true. There have been >volunteers foolhardy enough to try, but they were invariably tarred, >feathered, and run out of town on a rail for being too tight-assed >about the whole thing. Thus there are no forums of which I'm aware >which are devoted solely to CS, CS stocks, and CS discussions. And >that's a shame. > >The great strength and the great weakness of CS are that it's >flexible. If you're experienced and if you truly undestand what it is >that CS is trying to do for you, it is adaptable to your particular >goals and psychology. However, if you--experienced or not--do not >take the time to understand CS and are instead determined to bend it >to your will, you can quite easily stretch and pull and moosh it into >something that's barely recognizable as CS. > >It often begins with an individual being seduced by the siren call of >Relative Strength and the RS Rank. This, it seems clear, is the road >to riches. What difference do the "C" and the "A" make? Clearly, >investors don't care. They're bidding it up to the stratosphere. As >far as that goes, who the hell cares about "I"? And "N"? That's a >sucker bet. "M" is obviously irrelevant. Chips may be sinking like >stones, but internet stocks are absolute rockets. So what do you have >left? "L". Maybe "S". > >Or perhaps there's someone who claims that there are all sorts of ways >to make money in the stock market and CS is hardly the only way or >perhaps even the best way. "I've been trading options for years", >they'll say. "Forget fundamentals and fundamental research--it's all >in the charts", someone else will offer. "Penny and Dollar >Stocks--That's the Ticket!" And all of these people are correct, at >least in part, at least in some circumstances. One can make a lot of >money in options. Or futures. Or by following TA alone and never >cracking open an annual report. He can also lose a great deal of >money these ways. > >But none of this has anything to do with CANSLIM or CANSLIM investing. > It is also terribly confusing to a great many newbies and a not >inconsequential number of experienced investors as well. >"Eclecticism!", the grey-beards and hot-doggers alike proclaim. But >they neglect to point out that an eclectic approach works only when >one thoroughly understands each element of the eclecticism. >Otherwise, one winds up with an investing strategy which is held >together with band-aids and chewing gum. > >I've never really understood why anyone who knows that a particular >stock is not a CS stock would ever bring it up in a supposedly CS >forum. Granted, O'N gives you considerable rein in deciding what kind >of earnings growth you will require for your own selections. But he >never says that it's OK to ignore it altogether. By the same token, >it's not OK to ignore earnings history. It's not OK to buy penny and >dollar stocks. It's not OK to buy laggards and hope for the best. >Doing these things may result in untold riches, but they have nothing >to do with CANSLIM. If one wants to discuss cheap stocks or options >or commodities or exoteric technical strategies or Bethlehem Steel, he >is free to do so, and there are many forums that would welcome his >comments. But they have no place in a CS forum, anymore than a >discussion on shorting cocoa would be appropriate for a forum devoted >to dividend reinvestment plans. > >Having said all that, it's time for me to ask just what kind of forum >the members of this group want. If you want to be a general >investment forum in which everyone is welcome, regardless of his or >her investment philosophy, strategy, methods, or goals, terrific. In >that case, nothing that anyone says is inappropriate and is immune to >criticism. On the other hand, if you want a CS forum, it's up to each >individual member to exercise some vigilance with regard to the >subjects introduced and discussed, regarless of how obnoxious or >venerated the individual introducing the subject may be. > >The statement that "nobody uses pure CS" is a cop-out. It is almost >always a means whereby an individual introduces a stock which doesn't >even begin to qualify as a CS stock, regardless of how far afield one >has wandered. Not long ago, someone tried to bring up a >field-services stock and was told in no uncertain terms that that >subject was inappropriate for this forum. But it's perfectly OK to >bring up stocks which cost only a few dollars or to discuss the >crossings of 3-minute exponential moving averages. > >This group will be whatever you want it to be. What do you want it to >be? Until you decide that, your criticisms of Jeff, Tom, or any other >member are uncalled-for. > >--Db > > > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > > > >- > > > - - ------------------------------ Date: Tue, 26 May 1998 09:39:15 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] My current watch list Morning Tom-- Let's get back to the old salt lick and make some money. Four of your picks [INSUA, MDLK, TMBS, and VARL] have varying degrees of OBV/MF characteristics. The more conjunction between CS and OBV/MF, the better for members. VARL: MF: Is PD and SAR went buy. OBV: Is PD. MACD: Is ambiguous and weak but occurring well above the trigger line; probably no problem. SloSto: Went sell Friday. Might want more conjunction among all indicators before moving. TMBS: MF: modestly positive. OBV: very strong. MACD: Both red and blue lines in declination; doesn't look good. SloSto: Went sell on Friday. EMA: Would ignore any EMA buy until MACD and SloSto turn positive. INSUA: This has very very marginally OBV/MF positive divergence. It is, however, a strong stock. The SloSto is buy; the MACD is ambiguous, but to be ambiguous at a high level above the trigger line is not dangerous, for the MACD is receiving influence from other indicators; it would be unusual for it to react against OBV/MF and the SloSto except for the short term. More likely it will fall in line as long as the other indicators hold. The EMA gave an entry about three weeks ago. Have a good reason to enter now. There is resistance at 13 or so; once through this, the existing strength should manifest itself. MDLK: Both OBV/MF are PD for five weeks; good strength here. SloSto: Don't like the looks of this. EMA is jerky. MACD: Is at turning point; might want to see which way it will go. Need to see more work before moving in, but there is good underlying OBV/MF strength. Connie Mack Tom Worley wrote: > For some reason, my "re-introduction" doesn't want to post so have > sent it to Jeff. It's got all my warnings and stuff, so anyone that is > not familiar with how I pick stocks should ignore this post at least > till you read my "intro". > > Still on my list: > CAER, EDAC (not as a buy, but still holding), EPIQ, FTEC, GCABY, > ILOGY, INSUA, MDII, MCON, MDLK, MINI, RENG, SHOO, SNHY, TMBS (altho > shaky), TXCC, VARL > > Added: > RUSH, SUPI, RIMG (again). > > I have done no TA on any of these, just the CS elements and charts > looked favorable. > > Tom W > > - - - ------------------------------ Date: Tue, 26 May 1998 13:29:24 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Tom, Jeffry and Connie To paraphrase one of America's fave rogue journalist-authors (Mark Twain), "make money and the whole world will conspire to call you a gentleman". It may be an accurate quote (anybody got Bartlett's?). I think I may amend that for this posting to read: *help others make money and...* This is just my humorous reflection on some of the machinations/goings-on of this list lately.=20 =46WIW (It garnered me some laughs and smiles -- hope it does the same for you). Dan - - ------------------------------ Date: Mon, 25 May 1998 21:39:35 -0400 From: bamend Subject: Re: [CANSLIM] Farmer Tom, Thanks for coming back to the group. I look forward to your input and knowledge. Bob Amend - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Monday, May 25, 1998 12:12 PM Subject: Re: [CANSLIM] Farmer >I guess discussion isn't ended until both parties agree it's ended, >and you had made some comments on how I viewed your approach to >CANSLIM picks. I simply wanted to point out I can only "presume" based >on what you post. >> >> Large posting trimmed... >> >- - - ------------------------------ Date: Mon, 25 May 1998 12:48:29 -0400 From: Tom Worley Subject: [CANSLIM] Intro: Thomas Worley Hi Honey, I'm homeeeeee!!!! OK, I'm back and in the full version. Decided I'm too impatient to wait for the digest. And I want to state for the record, let's get back to picking some CANSLIM stocks, from all the email I have been receiving (and I appreciate it all and hopefully responded to everyone), the topic of my departure and my discourse with Jeffry has preempted the purpose of this group. So, please, let's not make it worse by posting stuff to the group mail list about my return. If you want to say something, send it privately to stkguru@netside.net, good, bad, or indifferent (altho nice is appreciated and helps inflate my ego). As a result of all the comments over the past ten days, I feel it is important that I introduce/reintroduce myself to this great group. As I have mentioned many times in the past, I think intros are important, they are a part of what holds this group together, part of its vitality. If you haven't posted an intro here and at www.shango.net/canslim, then I encourage you to do so. If you are a newcomer to this group, and/or to investing or CANSLIM, this "intro" site provides a resource for you to judge the background and experience of the members posting here. But even if you don't think you have a "background or experience", post an intro anyway, it helps all of us know who we are talking to. INTRODUCTION: 50 years old widower resident of Miami, Fl for past 15 years, native of Florida as well 17 years in the US Coast Guard, including Vietnam service, most of my career spent in intelligence operations, primarily narcotics interdiction and fisheries enforcement ten years as a licensed registered representative (stock broker) of which the first seven were active, managing over 200 client portfolios was referred to WON/CANSLIM about 8 years ago by a client, began studying CANSLIM and reading/studying HTMMIS then. Second firm I went to work for as a broker chosen specifically because they followed CANSLIM and were paying for access to WON's institutional picks, third firm chosen for mostly the same reasons, thus giving me over 5 years of experience with WON's actual real time institutional picks and the ability to compare them with his charts at the same time. Spent the past three years, since I stopped managing portfolios, running the "back office" of a broker dealer, giving me further insight into how the business operates. In this capacity, I was also the "trader" for my firm, handling order execution and dealing with a number of market makers Now working for a German bank in Securities Operations, giving me a further exposure to European issues, as well as handling foreign currency transactions, along with continued Latin American experience that builds on what I acquired at my last firm WARNING: I am not a pure CANSLIMer. My background is too diversified for purity. I have a strong bent towards fundamentals of a company (for which CANSLIM helps provide a balance), and a personal bias in favor of small cap and micro cap stocks (based on experience, as well as "birthing" many thru their IPO. My finances presently have led me towards stocks under $20 (WON usually recommends only stocks over $12/share), however I would still be interested in this sector because of my past experience with start up and young companies. I also have a strong interest in economics and how it affects the stock market, along with an effort to follow and interpret the global markets, and how they will influence the US stock markets. While I consider all of this to be a part of WON's description of "M" in Chapter 7, others consider it simply to be "noise". If you disagree, or are not interested, then please simply hit your delete button on these topics. I will try to clearly identify them in the subject line of any posts I make on these topics. I have been a past member of this group since its early days, and an active participant. I do not "own" the list, that is Jeff Salisbury's exclusive domain. Nor am I a "moderator", "leader" or any other role model or person of authority. I am simply an investor just like all other members with the same status as any of you reading this, with an opinion shaped by many factors. I do not consider myself an "expert" at either investing in general or CANSLIM in particular, altho I do have a certain amount of experience at both. My opinions are not sacred cows, they can be challenged or questioned, all I ask is that they not be demeaned or ridiculed. They are, after all, my opinions on what has been working for me (nearly tripled my IRA acct in the past eight months and not had a single CANSLIM stock cost me money in the past six months, as two examples) thus demeaning or ridiculing my opinions (vs challenging or questioning) is also demeaning and ridiculing me, and that I take personally and seriously. I am willing to answer questions from "newbies" (whether new to investing or new to CANSLIM) as are many other members, but do ask that you read HTMMIS first as most questions are answered there. I select stocks primarily from lists of stocks hitting new highs. My basic CS parameters are RS over 90 and EPS over 75, with recent earnings doing much better. I prefer stocks with only a few million shares in the float, and want a strong management ownership (over 50% doesn't scare me off due to my past experience with young companies). I prefer stocks with a small funds ownership (single digit percentages) but am not stopped by stocks with no reported funds ownership as I recognize the lengthy delays in this reporting. And if I have a good small cap stock, sooner or later the funds will notice and buy into it if they haven't already, and I want to already own it by the time that happens. My initial target when I buy a stock is for a 20% gain, if I don't see this potential, I won't buy it. But I will routinely hold it well past this level so long as it continues to perform. I am currently holding EDAC with a 60+% profit in less than 7 weeks, it's real extended right now, but giving me no reason to sell other than to lock in profits (which isn't a bad reason). My primary source of data and charts is Daily Graphs (right now by the book version but hope shortly to again be getting the online version, esp if we can negotiate a group rate). This gives me a wealth of original WON based CANSLIM data in a single site. Takes me about 30 seconds of looking at a DG chart to decide to study it further or to dismiss it. If I don't comment on one of your picks, it should not be interpreted as either negative or positive, just means I had nothing to say, or add to present discussion. Nothing I say or comment on in this forum should be interpretated as a specific buy, sell or hold recommendation. Nor should anything I say on "M" be taken as gospel or even accurate, all of it is what suits me, works for me, and I find comfortable, which is the beauty of CANSLIM. Each investor can tailor it to fit their own comfort level, risk tolerance, finances, investment goals, etc. Please save this "intro" or print it out, I really don't want to have to include most of it in a "signature block". Nothing I say or do should be used as your decision maker, I manage my own investments, make my own decisions. You have to do the same. Tom W - - ------------------------------ Date: Tue, 26 May 1998 13:47:37 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Lurking? On Mon, 25 May 1998 12:05:08 -0500, you wrote: : :PS: I'm usually a lurker, but in Tom's absence, I would encourage :everyone :to take up the slack. : Personally, I would encourage everyone to take up the slack, always...Tom IS back, however it is a mistake to let/make any one individual do the lion's share of the work, have the power, etc. ...here and elsewhere. Isn't that what the turmoil in Indonesia is about? Isn't that what democracy is about?=20 Dan - - ------------------------------ Date: Tue, 26 May 1998 20:40:02 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] S. Korea down This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01BD88E6.74ED3440 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit That is what killed the market today. I'm afraid more is in store for us tomorrow. _______________________ Nelson E. Timken, Esq. J.N. Capital, Inc. Douglaston, New York > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Charles Morgan > Sent: Tuesday, May 26, 1998 7:26 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] S. Korea down > > > A news article mentioned that the weak yen is hurting Korean exports and > that there is to be a two day general strike to protest layoffs. > > Chuck > > > >From: "Tom Worley" > >To: "CANSLIM" > >Subject: [CANSLIM] S. Korea down > >Date: Tue, 26 May 1998 01:47:04 -0400 > >Reply-To: canslim@lists.xmission.com > > > >South Korea down over 7%, anyone seen any news aside from the > >continuing conflict in Indonesia?? > > > >Tom W > > > > > > > >- > > > > > > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com > > - > > - ------=_NextPart_000_000A_01BD88E6.74ED3440 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_000A_01BD88E6.74ED3440-- - - ------------------------------ Date: Mon, 25 May 1998 21:39:35 -0400 From: bamend Subject: Re: [CANSLIM] Farmer Tom, Thanks for coming back to the group. I look forward to your input and knowledge. Bob Amend - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Monday, May 25, 1998 12:12 PM Subject: Re: [CANSLIM] Farmer >I guess discussion isn't ended until both parties agree it's ended, >and you had made some comments on how I viewed your approach to >CANSLIM picks. I simply wanted to point out I can only "presume" based >on what you post. >> >> Large posting trimmed... >> >- - - ------------------------------ Date: Tue, 26 May 1998 08:28:28 -0400 From: "James Adams" Subject: [CANSLIM] One from my watch list SYNCOR (SCOR) 97/83/B Funds own= #20 Stock has been moving sideways while the sector as the Med-Whsl sector has declined. However the moneyflow has been trending upward during the same time frame. As of previous close, 3 EMA poised to break 7,10 EMAs. ZACKS=Strong Buy Yearly EPS Estimate of $1.00 represents an upward revision. Rank within industry 2 of 15. INCOME STATEMENT Financial Info: (Mar 98 Dec 97 Sep 97 Jun 97 Mar 97) Revenue 102.7 94.8 94.5 98.2 93.1 Cost of Goods Sold -- 80.8 72.2 74.3 73.0 Gross Profit -- 14.0 22.3 23.9 20.1 Gross Profit Margin -- 14.8 % 23.6 % 24.3 % 21.6 % SG&A Expense -- 11.4 19.7 18.9 17.3 Operating Income -- 2.6 2.6 5.0 2.8 Operating Margin -- 2.7 % 2.8 % 5.1 % 3.0 % Net Income 3.4 1.7 1.8 4.3 3.3 Net Profit Margin 3.3 % 1.8 % 1.9 % 4.4 % 3.5 % Primary EPS ($) 0.31 0.15 0.17 0.44 0.32 Any comments appreciated. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 26 May 1998 08:28:28 -0400 From: "James Adams" Subject: [CANSLIM] One from my watch list SYNCOR (SCOR) 97/83/B Funds own= #20 Stock has been moving sideways while the sector as the Med-Whsl sector has declined. However the moneyflow has been trending upward during the same time frame. As of previous close, 3 EMA poised to break 7,10 EMAs. ZACKS=Strong Buy Yearly EPS Estimate of $1.00 represents an upward revision. Rank within industry 2 of 15. INCOME STATEMENT Financial Info: (Mar 98 Dec 97 Sep 97 Jun 97 Mar 97) Revenue 102.7 94.8 94.5 98.2 93.1 Cost of Goods Sold -- 80.8 72.2 74.3 73.0 Gross Profit -- 14.0 22.3 23.9 20.1 Gross Profit Margin -- 14.8 % 23.6 % 24.3 % 21.6 % SG&A Expense -- 11.4 19.7 18.9 17.3 Operating Income -- 2.6 2.6 5.0 2.8 Operating Margin -- 2.7 % 2.8 % 5.1 % 3.0 % Net Income 3.4 1.7 1.8 4.3 3.3 Net Profit Margin 3.3 % 1.8 % 1.9 % 4.4 % 3.5 % Primary EPS ($) 0.31 0.15 0.17 0.44 0.32 Any comments appreciated. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Tue, 26 May 1998 18:16:54 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] In Defense of Jeffry <> So what is it about CS that appeals to you? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 26 May 1998 21:45:00 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Farmer > Date: Tue, 26 May 1998 19:10:33 -0400 > From: "Tom Worley" > Subject: Re: [CANSLIM] Farmer > > Actually, I thought it was quite civilized. Reasonably respectful, > don't recall much if any sarcasm, shows a dialogue is possible, altho > don't think either of us changed our position or opinion or stock > selecting strategies. > > Tom W > We come from different worlds Tom!!! :0) But, dialogue is indeed possible. BTW, for those who care to visit the Stock Logic Research web site which has been raised by others (most recently kent, I think) here, the link is posted below. The address is one I've given to some who've asked privately over the past year, but I think I only posted it generally to the group once in my intro back in August (right Tom?). This used to be a "pure" CANSLIM site, but is in the process of developing into a "pure" index futures trading system based upon a modified, computerized version of WON's "Market Direction" price and volume signals. The owners of the site and I have been acquainted over the net for the past 3 years or so, I stumbled upon them just after getting online for the first time. The owners and I communicate frequently about the "M" and are in the throws of a heated debate over whether their "M" under the Stock Farmer heading of their site, truly continues to reflect WON's "M" or has been so mechanised (out of necessity for stop placement and profit taking in the volatile future's market) that it is now one step removed and not reliable for those of us still struggling with individual issues. I never thought it appropriate to post the address generally to the group because of my concern that it is no longer true "CANSLIM", and my belief that the NasBars System carried over into the CANSLIM "M" section and was seemingly generating a false comfort level for stock trading which I started to question almost a year ago. A nice site to monitor as they continue to post their market index charts, and once you get the hang of the terminology, I think you'll see the Chapter 7 signals showing up on the current chart. http://www.accessone.com/~logical/farmer.htm Enjoy it. Jeffry - - ------------------------------ Date: Tue, 26 May 1998 21:44:18 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] IPO's & the IBD Greetings All, During January and February (and maybe earlier) the IBD was noticably lacking with printing recent results of IPO's. It is, as best I can figure, normally included in Tuesdays and Thursdays paper, although this hasn't fully been investigated. Does anyone know the criteria IBD uses to select IPO's included in the listing? What criteria do they use for not publishing the list? Have a site you would recommend for someone interested in IPO's? Thanks, Frank Wolynski - - ------------------------------ Date: Tue, 26 May 1998 21:44:18 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] IPO's & the IBD Greetings All, During January and February (and maybe earlier) the IBD was noticably lacking with printing recent results of IPO's. It is, as best I can figure, normally included in Tuesdays and Thursdays paper, although this hasn't fully been investigated. Does anyone know the criteria IBD uses to select IPO's included in the listing? What criteria do they use for not publishing the list? Have a site you would recommend for someone interested in IPO's? Thanks, Frank Wolynski - - ------------------------------ Date: Tue, 26 May 1998 21:45:00 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Farmer > Date: Tue, 26 May 1998 19:10:33 -0400 > From: "Tom Worley" > Subject: Re: [CANSLIM] Farmer > > Actually, I thought it was quite civilized. Reasonably respectful, > don't recall much if any sarcasm, shows a dialogue is possible, altho > don't think either of us changed our position or opinion or stock > selecting strategies. > > Tom W > We come from different worlds Tom!!! :0) But, dialogue is indeed possible. BTW, for those who care to visit the Stock Logic Research web site which has been raised by others (most recently kent, I think) here, the link is posted below. The address is one I've given to some who've asked privately over the past year, but I think I only posted it generally to the group once in my intro back in August (right Tom?). This used to be a "pure" CANSLIM site, but is in the process of developing into a "pure" index futures trading system based upon a modified, computerized version of WON's "Market Direction" price and volume signals. The owners of the site and I have been acquainted over the net for the past 3 years or so, I stumbled upon them just after getting online for the first time. The owners and I communicate frequently about the "M" and are in the throws of a heated debate over whether their "M" under the Stock Farmer heading of their site, truly continues to reflect WON's "M" or has been so mechanised (out of necessity for stop placement and profit taking in the volatile future's market) that it is now one step removed and not reliable for those of us still struggling with individual issues. I never thought it appropriate to post the address generally to the group because of my concern that it is no longer true "CANSLIM", and my belief that the NasBars System carried over into the CANSLIM "M" section and was seemingly generating a false comfort level for stock trading which I started to question almost a year ago. A nice site to monitor as they continue to post their market index charts, and once you get the hang of the terminology, I think you'll see the Chapter 7 signals showing up on the current chart. http://www.accessone.com/~logical/farmer.htm Enjoy it. Jeffry - - ------------------------------ Date: Tue, 26 May 1998 21:23:31 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Farmer Kent wrote: > And Jeffery, as long as you are disclosing some information; I'll take > your advice under consideration, but I would like to know for certain if: > 1. you are recommending "Investments in Commodity Interests", > 2. if you are a "REP" for these folks, and > 3. if you have them managing any money of yours. > > True, they do use IBD, DGO, WON, CANSLIM, and other data and they do also > state the importance of M. They, like most of the members of this list I= > 've > seen posting, look to many sources. If memory serves me, they have a > reading list of 10 or more books by various authors. > I guess if you're playing with commodity "interests", you'd really want t= > o > watch "M" much more than the equity investor. > > I think I'm starting to see more of the picture now. > I realize now that part of your "approach" to others may be driven by you= > r > own fears that you have others making your investement decisions for you. > Since they are charging you a high fee for their services, perhaps you fe= > ar > you are being taken, or are not in control of your own decisions. If tho= > se > paramaters fit at all it is likely that you would lash out at individuals > with knowledge, skills, and abilities in equity investments. > > > Thanks, > kent The answer to the three questions you present above are all the same. "No." I learned first about CANSLIM from this site before it became what it is today. I am the "friend" who is referenced as having suggested the "obvious": the "M" price and volume simulation the Farmer computerized should be applied to the future's market. They did it, it works, it's risky, I'm not affiliated with them financially, they don't run my money, the disclosure you chose to waste band width with is a standard CTA disclosure and the fees they charge to run money are standard, in my experience. I strongly disagree that one playing index futures should be more concerned than the CANSLIM trader with the "M". Beyond what I have responded to specifically above, I have no earthly idea what you are talking about in this post or why you felt the need to post it, kent. Do you? Sounds so ominous, devious and dastardly. ;) Jeffry - - ------------------------------ Date: Tue, 26 May 1998 22:33:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Lurking? Well said, Dan. I am a good typist, but I can still read someone else's response faster than typing my own. And, frankly, much prefer it that way. Tom W - -----Original Message----- From: Dan Musicant To: canslim@lists.xmission.com Date: Tuesday, May 26, 1998 8:04 PM Subject: Re: [CANSLIM] Lurking? On Mon, 25 May 1998 12:05:08 -0500, you wrote: : :PS: I'm usually a lurker, but in Tom's absence, I would encourage :everyone :to take up the slack. : Personally, I would encourage everyone to take up the slack, always...Tom IS back, however it is a mistake to let/make any one individual do the lion's share of the work, have the power, etc. ...here and elsewhere. Isn't that what the turmoil in Indonesia is about? Isn't that what democracy is about? Dan - - - - ------------------------------ Date: Tue, 26 May 1998 22:38:59 -0400 From: "Tom Worley" Subject: EDAC (was Re: [CANSLIM] My current watch list) Thanks, Connie, a couple of these are at the top of my watch list, just waiting to pull the trigger. But the burning question for me is when do I get off this gravy train I call EDAC??????? Blasted thing just won't give me an excuse to take profits, probably getting too greedy, but I'm still waiting for a signal (up another dollar and change today for another new high, despite the mkt being down sharply). I'm already up over 70% in under two months with no sign it wants to quit. Opinions welcomed. Tom W - -----Original Message----- From: Connie Mack Rea To: canslim@lists.xmission.com Date: Tuesday, May 26, 1998 8:10 PM Subject: Re: [CANSLIM] My current watch list >Morning Tom-- > >Let's get back to the old salt lick and make some money. > >Four of your picks [INSUA, MDLK, TMBS, and VARL] have varying degrees of >OBV/MF characteristics. The more conjunction between CS and OBV/MF, the >better for members. > - - ------------------------------ Date: Tue, 26 May 1998 22:57:23 -0400 From: "Tom Worley" Subject: [CANSLIM] Group rate for Daily Graphs Online (was Fw: Your request) Well, we got our answer, not what I was hoping for but can't say I'm all that surprised. FWIW, I have had several past contacts with Garo when I came up with most unusual charts (and without even hacking, mind you) such as IBM trading under two dollars or an options chart which wasn't even supposed to be accessible. I don't think it's coincidence that he was the one to respond to my email (and also the only one to respond by name). He is well aware of my past association and activity as a beta tester. If he tells me nothing can be done at this time, I accept that and will follow his hint which we were already aware of that you can take a subscribtion to one book a month and qualify for the $299 rate for DGO. for a total cost of $530 (still cheaper than the $720/yr for DGO only). And my profits on either EPIQ or EDAC would pay for about five years of the service, and neither were in the books at the time I found them at DGO. Looks like each member is on their own to do what suits them, I will be subscribing to DGO. Tom W - -----Original Message----- From: Customer Service To: 'stkguru@netside.net' Date: Tuesday, May 26, 1998 9:46 PM Subject: RE: Your request > >Dear Mr. Worley: > >Thank you for Beta testing and for your interest in Daily Graphs Online. > We appreciate your request for a discounted price for Daily Graphs Online. > At this time we will not be able to honor a special discount price for DG >Online for the CANSLIM group. We do however offer heavily discounted >prices ($99 and $299) for the online service to those that subscribe to the >Daily Graphs' printed products (NYSE and or NASDAQ/AMEX editions). For >more information regarding this please visit the pricing section at the end >of the download page. For example, you may get a monthly subscription of >either NYSE or NASDAQ/AMEX and get the online service for only $299/year. > >If you have additional questions please don't hesitate to email us. > >Thank you, >Garo Mansourian >Manager > > > >-----Original Message----- >From: Tom Worley [mailto:stkguru@netside.net] >Sent: Wednesday, May 20, 1998 4:45 AM >To: dailygraphs@dailygraphs.com >Subject: Re: Your request > > >I hope the launch of Daily Graphs Online into the commercial world has >gone well and exceeded your expectations. I realize it's only been two >weeks since your response, but in the vacuum left in our CANSLIM >group, the members are going in different directions. Some are simply >relying on the data they can glean from IBD while others are >gravitating to other web sites including Zacks, Stockmaster, >BigCharts, etc. Some have purchased or are considering purchasing >commercial packages such as Quotes Plus, that will allow them to set >up screens for quasi CANSLIM criteria. Several that could afford to >went ahead and subscribed already to DGO, so you did get some >subscribers in any case from the group. > >I hope the Board can act soon, so the group members can decide what >they will do. > >Thanks for your consideration. > >Tom Worley > >-----Original Message----- >From: Daily Graphs >To: stkguru@netside.net >Date: Tuesday, May 05, 1998 3:32 PM >Subject: Your request > > >>Tom Worley, >>We just want to let you know that your e-mail has been received, and >has >>been passed on to Sr. Management. Because we are in the midst of our >launch, >>we are not going to make any immediate decisions; I'm sure you >understand >>this is a very hectic time for us. Your request will be given >serious >>consideration by the Board of Directors, and you should be hearing >from us >>in about 2-3 weeks if we will or will not able to work something out. >Thank >>you very much for all of your support and input, and for testing our >service >>from the beginning. All of your comments have been greatly >appreciated! >> >>Daily Graphs Online >> > > > > > - - ------------------------------ End of canslim-digest V2 #255 ***************************** 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.