From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #262 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 31 1998 Volume 02 : Number 262 In this issue: [CANSLIM] Db!!!!-Db Re: [CANSLIM] Db--Jeffry [CANSLIM] Why you can't take any charts home to mother. Re: [CANSLIM] Why you can't take any charts home to mother. [CANSLIM] New CASLI Scan Results Re: [CANSLIM] RUSH [CANSLIM] FYI [CANSLIM] Possible Breakout Re: [CANSLIM] Db!!!!-Db Re: [CANSLIM] Why you can't take any charts home to mother. Re: [CANSLIM] New CASLI Scan Results Re: [CANSLIM] Mergers and Acquisitions Re: [CANSLIM] OBV/MF: Comment [CANSLIM] hello Re: [CANSLIM] hello Re: [CANSLIM] Quotes Plus2: [CANSLIM] No "C", no "A" .... and Internet related stocks. [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) Re: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) RE: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) Re: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) ---------------------------------------------------------------------- Date: Sat, 30 May 1998 13:33:28 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Db!!!!-Db > I've been a part of several forums over the last couple of years and > I've been amazed (I'm pretty easily amazed) at how many people get all > wrapped up in whether earnings were up 25% or 35% (for example). Or > whether a particular company missed a quarter in 1995. These, to me, > are completely trivial details. What really matters is whether or not > a given company is kicking ass or is not kicking ass. If it is > kicking ass, I'm going to use pullbacks as an opportunity to buy more > shares, not wring my hands in a fit of angst over whether or not I > should trigger my stops. If it is not kicking ass, why would I want > to own it at all, even if it did manage an earnings surprise and an > upgrade? > > But that's just me. > Me too. Not to be interpreted as derogatory to Tom's approach (because I admire his thourough approach to the fundamental side of CANSLIM), but this is what I tried to convey by my comment that he seems a bit "picky", at times. When the "M" is cranking out what I consider to be fairly obvious and emergent new leadership candidates, which may also show some "hand wringing" aspects, if it boils down to a seemingly "kick ass" mover, I can overlook "trivial details" and risk the stop loss if my entry is correct. Gotta plan to be wrong a good bit of the time...There's a passage about this in HTMMIS, but it's too nice a day to look it up. Jeffry - - ------------------------------ Date: Sat, 30 May 1998 14:29:46 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Db--Jeffry <> Important point about the stop and the correct entry. When it comes to knowing what to overlook and what to insist on, that's a subject in itself. I've found that what trips up new investors more than anything else is not hope, fear, or greed, but doubt. Sometimes the doubt arises from their knowledge of the market or from a lack of knowledge of their own goals or tolerance for risk. But very often it springs from a lack of familiarity with the companies they've invested in. This is where the fundamentals come in and why some people will consider a pullback in Acme Widgets to be an opportunity to buy more shares, whereas the same pullback will elicit panic in those who don't know what a widget is. Technically (no pun intended), everything *is* in the charts. But when it comes to predictive capability, knowing the fundamentals can really provide an edge, especially if buying off V bottoms or HTF formations. Or when making the decision as to whether or not to pyramid and by how much. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sat, 30 May 1998 17:40:16 -0400 From: Connie Mack Rea Subject: [CANSLIM] Why you can't take any charts home to mother. Members-- I have been thinking about our new members, and especially those who have just recently begun to invest. The correction going on now, unless I miss my guess, has caught some of you with losing positions, for nothing is more difficult for the beginner than to resist maintaining stops. The last thing that each of us learns before he becomes a good trader or investor is to be disinterested. "Disinterested" is to be distinguished from "uninterested." A nice distinction exists between the two that needs to be maintained. When you go before the magistrate for your speeding ticket, you want him to be disinterested, not uninterested. To be disinterested is to be objective, logical, free from emotion. If your magistrate is uninterested, prayer and how effective his Viagra was last evening may be all that separates you and $150 plus costs. If you wish to be disinterested in your evaluation of what is happening to the market, you might look at some charts. In a post of a few days ago, I looked at the Dow. My conclusion was that it did not look good. On the day of that post I had emptied all my stocks but one and suggested that the following day, Thursday, would probably be an up day. Friday I drove to the mountains, stayed over night, got some fresh fruits and vegetables from the road side stands, and have just returned. Put NASDAQ in BigCharts. Draw in a few trendlines. They should show support at 1864, 1835, 1820, 1798, 1777 on 2-26, and 1711 on 3-5. Friday's close is right on the support of 2-26. Every other support has been breached except 1711. Break Friday's close, and you're inviting some serious falling away. The MACD has been negatively divergent since March 1. It gave a sell the last of April and has been falling away ever since. Look how little time the black verticals spent above the trigger line--three days out of three months. The negative divergence was talking. The SloSto, four times from March through May, bounced nicely off the 20 line, but each time the rebound made a lower high. On the fifth approach the 20-line didn't hold; that's a serious breach after holding four times. Any rebound now--and you should get one--must be suspect and you should expect the rebound to make a lower high. A trendline across the last three tops indicates a rebound to the 50 marker. The SloSto from mid-April to the present has been tracking a falling price but it finally broke its 20 support marker. The weak index is weaker than the price indicates. Look at the 8.7 trillion line, about where the MF is now and the index is just under 1800. Go back to the last time the MF was at the 8.7 line in May; the index was higher. Go still farther back to the middle of April; the index was still higher again. Conclusion: the index is weaker at 8.7 a couple of days ago than the previous times it was at 8.7. The MF is talking. Use the same procedure with OBV. Look at the 7.8 billion line and note where the OBV line touches it. Then go backward to the middle of April and note where the 7.8 line is touched. See how much higher the index was as compared to the earlier touching. Conclusion: the OBV is weaker today than it was at a similar level in mid-April. What shall the investor make of the NASDAQ and Dow? If you have not lightened up, you must now decide what will befall you if hold on. If you do hold on, you must wait to see what kind of rebound there will be on the NASDAQ. Is the trendline across the tops of the SloSto going to be the 50-line? If the 50-line turns out to be resistance, then you've got the prospect that the SloSto will break even further to the 0 line, which is highly oversold. If you think that things are going to get worse, you would sell into the rebound toward the 50-line. Or, if you don't sell, you'd like to see a double bottom in the index; but to get that you'll need one to four weeks of consolidation; the longer the consolidation, the better. Rarely do you see a stock or an index make a "V" bottom that is not tested. If you decide to do nothing and wait things out, you can still make use of your wait: Put together a list of stocks that you'll want to own. And take a look at those you've suffered with. The usual rule is rid yourself of the weak and laggard. Some have posted, and a few had told me, that they are in cash. You're in the cat bird seat. If you're unsure what to do, don't do anything. Wait to see how things will unravel. Take a few days off. Keep putting up the Dow and NASDAQ in BC. Run all the indicators against them the same as you do against your stocks. Assure yourself that your Canslim criteria are still intact. Between the indicators above and CS, you should be prepared for the end of the correction. There is hardly a chart that you'd want to take home to mother. But there will be. Connie Mack - - ------------------------------ Date: Sat, 30 May 1998 17:47:14 -0700 From: Dan Cash Subject: Re: [CANSLIM] Why you can't take any charts home to mother. Hi Connie, Glad to see you say "OUR new members". As always, I appreciate your tutoring, insight and willingness to teach. Connie Mack Rea wrote: > Members-- > > I have been thinking about our new members, and especially those who > have just recently begun to invest. The correction going on now, unless > I miss my guess, has caught some of you with losing positions, for > nothing is more difficult for the beginner than to resist maintaining > stops. > > ------ > > Connie Mack > > - - - ------------------------------ Date: Sat, 30 May 1998 18:10:19 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] New CASLI Scan Results My new CASLI scan, based on Db's new criteria and my old criteria: Shares Outstanding: >25M ADV: >25K Price: >$12 Institutions: 10-60% of shares outstanding Insiders: 10-60% of shares outstanding (don't ask how Zacks can say this - I don't know!) Debt/Equity: <1 ROE: >17% EPS Q0/Q-4: >25% EPS Q-1/Q-5: >25% 5-yr EPS growth > 25% (can't do 3 years with Zacks) Comments on the criteria? The results for Friday's data: Imperial Bcp Fastenal Ciber Inc Legato Systems TICKER IMP FAST CBR LGTO EXCHANGE NYSE NSDQ NYSE NSDQ SHARES OUT 38.95 37.94 45.03 35.36 24WK PCHG% -8.95 24.14 36.26 58.48 % INSTITUT 39.66 47.81 52.54 35.43 % INSIDERS 15.64 22.58 39.26 11.96 20D AVEVOL 112245 327800 223150 347070 TREND EPGR 112.59 35.8 62.01 55.97 QEPS 0/-4 60 43.48 66.67 52.94 QEPS -1/-5 64.52 28.57 94.12 44.44 QEPS -2/-6 63.68 30.43 64.71 43.75 QEPS -2/-7 27.14 27.27 42.11 30.77 ROE 17.53 27.63 24.03 20.95 D/Equity 0.93 0 0.1 0 Symix Systems Timberline Soft Mrv Comms Inc Semtech Corp TICKER SYMX TMBS MRVC SMTC EXCHANGE NSDQ NSDQ NSDQ NSDQ SHARES OUT 6.36 7.01 26.56 14.09 24WK PCHG% 32.48 62.89 10.06 0.6 % INSTITUT 22.1 14.32 42.79 59.6 % INSIDERS 38.38 17.07 25.21 23.07 20D AVEVOL 32565 97380 322435 159082 TREND EPGR 81.28 58.53 91.13 30.37 QEPS 0/-4 125 233.33 55.56 42.86 QEPS -1/-5 33.33 133.33 56.25 47.37 QEPS -2/-6 33.33 250 91.67 73.33 QEPS -2/-7 100 70 90.91 125 ROE 18.03 45.94 17.01 34.87 D/Equity 0.59 0 0.41 0 Theragenics Cp First Years Inc Cdw Comptr Ctrs Pomeroy Comp Re TICKER THRX KIDD CDWC PMRY EXCHANGE NSDQ NSDQ NSDQ NSDQ SHARES OUT 29.07 4.92 21.53 11.33 24WK PCHG% 52.74 42.08 -9.97 11.11 % INSTITUT 24.57 44.54 46.31 52.14 % INSIDERS 25.61 19.6 43.34 29.88 20D AVEVOL 314100 29675 115495 75815 TREND EPGR 99.75 43.57 53.63 38.32 QEPS 0/-4 144.44 37.5 30.77 32.14 QEPS -1/-5 175 48 30.61 30.99 QEPS -2/-6 185.71 25.93 36.36 46.07 QEPS -2/-7 150 34.48 51.28 22.18 ROE 17.91 19.46 28.18 20.64 D/Equity 0 0.23 0 0.11 Network Applian Sandisk Corp Jack Henry Assc Auto Protection TICKER NTAP SNDK JKHY APCO EXCHANGE NSDQ NSDQ NSDQ NSDQ SHARES OUT 33.52 26.13 18.89 11.5 24WK PCHG% 30.63 -18.35 20.83 76.58 % INSTITUT 59.12 35.31 32.13 19.71 % INSIDERS 22.29 26.54 27.58 15.34 20D AVEVOL 189030 247490 40340 132050 TREND EPGR 132.27 29.13 30.81 27.44 QEPS 0/-4 54.55 88.89 28.57 120 QEPS -1/-5 57.89 50 30 1,000.00 QEPS -2/-6 75 80 15 83.33 QEPS -2/-7 84.62 7.14 21.05 14.29 ROE 31.61 17.35 34.06 19.43 D/Equity 0.02 0 0 0 Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sat, 30 May 1998 22:54:25 -0400 From: Barry Marx Subject: Re: [CANSLIM] RUSH Just for comparison purposes, Baseline's earning reports, which can be accessed through the Earnings History option at www.stockmaster.com agree with those Tom reports from DG. However, they only show earnings for RUSH back thru '97. Baseline is available through Etrade for account holders, and shows additional info not available at the stockmaster site. Their info through Etrade says that RUSH was an IPO in 6/96. If that is true, does DG give earnings reports from *before* the time that the company goes public? Barry - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Saturday, May 30, 1998 8:32 AM Subject: Re: [CANSLIM] RUSH >Tim, not sure who the reference is to someone saying a stock is >non-CANSLIM, but since I was the one posting on RUSH initially as far >as I remember, I am certainly willing to defend it. > >You are using data from Zack's while I am using data from Daily >Graphs, which illustrates some of the problems we have in discussing >stocks here since we all use different favorite sites. I haven't used >Zack's extensively, but if I recall right they report earnings on a >net net basis (e.g. including any non-recurring gains or losses). WON >strips out these non-recurring events and reports only on recurring >basis. And as of a week ago, all earnings were also adjusted to report >on a fully diluted basis in accordance with FASB Standard #128. > >From DG May 22, 1998 (so a week old, my new book not here yet) > >RUSH - Rush Enterprises (Retail - Misc/diversified) >RS 91, EPS 87, GRS 95, u/d 0.9, A/D B, Timeliness B, 6.6 mil shares >issued, 2.9 mil in float, ADV 13,200, Funds 39%, Banks 6%, Management >57% thus there is an effective "real" or trading float of about 1.5 >mil shares. > >On earnings, annual earnings reported as 31 cents in 1993, followed by >80 cents, 93 cents, 94 cents, 81 cents for 1997 (year ended Dec). >Estimate for 1998 is 1.05 (up 30%) and for 1999 $1.20 (up 14%). The >last 8 qtrs of earnings (oldest to newest) were (all in cents) 26, 23, >24, 12, 15, 25, 29, 20 (for March 98). Thus the past two qtrs Q4FY97 >and Q1FY98 were 29 vs 24 (up 21%) and 20 vs 12 (up 67%). > >Not a perfect CAN(new highs)SLI, which is why I was watching rather >than buying, however the chart looked promising, and still does. That >only left "M", which is a different issue. A one day outperformance by >RUT doesn't mean the small caps are taking over. They are down the >worst, thus bargain shopping is likely. > >Debt is 54%, ROE is 14%, cash flow is $1.26, 1.91 times book value. >The debt looks typical to me for their business (selling new and used >Peterbilt trucks, a high ticket item typically financed rather than >owned outright by the dealer). > >Normally WON puts a little triangle next to earnings (both annual and >qtrly) where the reported nrs included a non-recurring pre-tax gain or >charge. I don't see that for any of the years or qtrs, so if there >were any of these type events, they were stripped out and may account >for the differences. I don't know why Zacks is reporting less than >five years however. > >Tom W > >-----Original Message----- >From: Tim Fisher >To: canslim@lists.xmission.com >Date: Saturday, May 30, 1998 12:23 AM >Subject: Re: [CANSLIM] RUSH > > >>FWIW I have bought stocks based on no other reason than someone on >the Net >>recommended them, said they were CANSLIM, SURPRISE! they weren't even >close. >>Of course it's my fault since I did no homework, was lazy, etc. and I >will >>NEVER EVER do that again. Some of you know who I am talking about. >> >>Here's another opinion of RUSH. If you did your homework you should >have >>gotten numbers similar to these month-old numbers below. Notice that >>earnings are just coming out of a hole. That's OK but I don't buy >stocks >>with ANY losses in the past 4 quarters. Either Zacks has bad data or >there >>are not 5 years of earnings available. I'd research the 5-yr trend >before >>buying ANYTHING. It's an important part of "L". It has 31x debt. >That is >>HIGH. It wouldn't keep me out but combined with the other >irregularities >>this one wouldn't even make my watch list. IMHO you RUSHed into RUSH. >> >>RET/WHL-AUTO PT Rush Enterprise >>TICKER RUSH >>EXCHANGE NSDQ >>X SECTOR 3 >>X INDUSTRY 9 >>24WK PCHG% 27.78 >>TREND EPGR N/A >>QEPS 0/-4 66.67 >>QEPS -1/-5 20.83 >>QEPS -2/-6 8.70 >>QEPS -2/-7 -42.31 >>TREND SALE N/A >>P/E 12M 12.92 >>ROI 14.65 >>D/Equity 31.88 >>PEG F1 0.55 >>% INSIDERS 56.99 >>% INSTITUT 30.68 >> >>At 08:56 PM 5/29/98 -0400, you wrote: >>>RUSH also ahd more than double average volume with a new high. Isn't >that >>>one of the criteria that WON talks about in HTMMIS? I went to IBD >today and >>>decided that i would pick a stock i liked that fit Canslim. I have >lost >>>toooo much money to still be investing foolishly. >>>Phyllis >>> >>Tim Fisher, 1995 President, Pacific Fishery Biologists >>Ore-ROCK-On Rockhounding Web Site >>PFB Information >>mailto:tim@OreRockOn.com >>WWW http://OreRockOn.com >> >> >>- >> > > >- > > - - ------------------------------ Date: Sun, 31 May 1998 00:09:24 EDT From: Subject: [CANSLIM] FYI Group: DG-Online sent me this information. I thought it might be relevant (and useful) to the decision-making of stock purchases to everyone in this group: Another special announcement: As a result of the recent implementation of FASB Standard #128, "Diluted" Earnings per share, as reported by each company, will be used in all William O'Neil + Co. printed and online services. William O'Neil EPS estimates and EPS rankings will be based on "Diluted" EPS. All algorithms and calculations incorporating EPS, such as EPS Growth rates, etc., may be affected. jans - - ------------------------------ Date: Sat, 30 May 1998 22:58:38 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Possible Breakout Looks like Eastern Environmental broke out of a fairly loose base on Friday. Do not have current numbers (eps, rs,etc), but they were all good as of a month or so ago. - - ------------------------------ Date: Sun, 31 May 1998 06:06:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Db!!!!-Db I would certainly agree that there is little difference between a co with earnings growth of 25% vs one with 35%, esp in the current climate of diminished earnings. I would likely take the "kick ass" mover over the other choice. On the other hand, buying the "kick ass" internet stocks several months ago required more than overlooking or ignoring "minor details", it required dropping the "C" and "A" entirely from CANSLIM. Tom W - -----Original Message----- From: Jeffry White <"postwhit@sover.net"@sover.net> To: canslim@mail.xmission.com Date: Saturday, May 30, 1998 1:33 PM Subject: [CANSLIM] Db!!!!-Db >> I've been a part of several forums over the last couple of years and >> I've been amazed (I'm pretty easily amazed) at how many people get all >> wrapped up in whether earnings were up 25% or 35% (for example). Or >> whether a particular company missed a quarter in 1995. These, to me, >> are completely trivial details. What really matters is whether or not >> a given company is kicking ass or is not kicking ass. If it is >> kicking ass, I'm going to use pullbacks as an opportunity to buy more >> shares, not wring my hands in a fit of angst over whether or not I >> should trigger my stops. If it is not kicking ass, why would I want >> to own it at all, even if it did manage an earnings surprise and an >> upgrade? >> >> But that's just me. >> >Me too. > >Not to be interpreted as derogatory to Tom's approach (because I admire >his thourough approach to the fundamental side of CANSLIM), but this is >what I tried to convey by my comment that he seems a bit "picky", at >times. > >When the "M" is cranking out what I consider to be fairly obvious and >emergent new leadership candidates, which may also show some "hand >wringing" aspects, if it boils down to a seemingly "kick ass" mover, I >can overlook "trivial details" and risk the stop loss if my entry is >correct. > >Gotta plan to be wrong a good bit of the time...There's a passage about >this in HTMMIS, but it's too nice a day to look it up. > >Jeffry > >- > - - ------------------------------ Date: Sun, 31 May 1998 06:53:59 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Why you can't take any charts home to mother. Morning Dan-- Am especially worried about our new members. But there is much for all of us to be concerned about. Think that there is some serious correcting to be done. Thanks for the note, Dan. Connie Mack Dan Cash wrote: > Hi Connie, > > Glad to see you say "OUR new members". As always, I appreciate your > tutoring, insight and willingness to teach. > > Connie Mack Rea wrote: > > > Members-- > > > > I have been thinking about our new members, and especially those who > > have just recently begun to invest. The correction going on now, unless > > I miss my guess, has caught some of you with losing positions, for > > nothing is more difficult for the beginner than to resist maintaining > > stops. > > > > ------ > > > > Connie Mack > > > > - > > - - - ------------------------------ Date: Sun, 31 May 1998 07:31:42 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] New CASLI Scan Results Tim, will try to make the time to review the specific stocks later after my new DG books arrive, but wanted to comment on your selection criteria for now. I don't understand why you would use a minimum of 25 mil shares outstanding. I can understand setting a minimum limit on ADV if you are concerned about liquidity. Considering the wide variation in reporting, as well as the lack of timeliness, I don't know why you would automatically exclude all stocks with a "reported" funds ownership of under 10%. I have seen many good CS stocks with a "reported" funds ownership of only 2 or 3%, you won't even be looking at these even tho it seems to me all that WON (or Ryan) ask for. Excluding stocks on a debt/equity or ROE basis will also exclude most, or all, of some good industry groups (example: home builders typically carry large debt until they sell the house; also I mentioned the high debt of RUSH just yesterday). I wouldn't exclude any stocks from consideration on this basis, rather I would look at this info within the context of its industry. If it's normal, that's one thing, if not that's different. Use the human calculator for this aspect of screening. If you decide to stick with your criteria, you might want to do some backtesting nonetheless to see what stocks you are automatically excluding (e.g. keep the earnings criteria, but screen for stocks with less than 25 mil shares outstanding and less than 10% institutional ownership, with no limits set for ROE or debt/equity). Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Saturday, May 30, 1998 9:07 PM Subject: [CANSLIM] New CASLI Scan Results >My new CASLI scan, based on Db's new criteria and my old criteria: >Shares Outstanding: >25M >ADV: >25K >Price: >$12 >Institutions: 10-60% of shares outstanding >Insiders: 10-60% of shares outstanding (don't ask how Zacks can say this - I >don't know!) >Debt/Equity: <1 >ROE: >17% >EPS Q0/Q-4: >25% >EPS Q-1/Q-5: >25% >5-yr EPS growth > 25% (can't do 3 years with Zacks) > >Comments on the criteria? > - - ------------------------------ Date: Sun, 31 May 1998 05:47:05 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Mergers and Acquisitions From the NYTimes Op-Ed Section, by Jay Jennings, who should immediately be given a Pulitzer. ULTIMATE ONENESS NEW YORK, April 20 (AP) -- In a move that rocked the Street today, Bert and Ernie announced that they had merged to form Bernie, a giant conglomeration of felt that will move them into the No. 2 spot, past Big Bird and just behind Barney. In recent years the two had lost sponsorship from the letter P and the number 5, and analysts say the merger will help solidify their market share. "This is a logical move for us," Bert said. "'Share' is our favorite word." -- -- -- CONCORD, N.H., May 14 (Reuters) -- Continuing the wave of consolidation that saw Alabama, Mississippi and Georgia join to form Nationsouth, Vermont and New Hampshire signed a deal today that will combine the two into one state with the motto "Live Free or Whatever." The deal involves a stock swap in which cows from Vermont and chickens from New Hampshire will be exchanged 1-for-1. -- -- -- BANGOR, Me., Aug. 22 (Bloomberg) -- Stephen King announced today that he had acquired Joyce Carol Oates in a deal that will allow him to increase production by as much as 125 percent, boosting his output to at least one novel a month. The new author, who will do business as Stephen, Joyce, King, Carol and Oates, will be one of the most violent and critically acclaimed novelists working today. Though Mr. King sells more books than Ms. Oates, analysts say the acquisition of the respected writer will help him make inroads into new markets, like college literature classes. "It's a win-win situation," Mr. King said in an exclusive interview with The New York Daily Newsday Times. "Joyce has the prestige I've been looking for and is one of the few writers who can keep up with my production schedule." An earlier deal in which Mr. King had hoped to buy Upjohn Inc. fell through when Mr. King was informed that the company was not John Updike. -- -- -- WASHINGTON, Oct. 3 (UPI) -- In a deal that resonated in homes across the country, Cats announced today that it had completed a hostile takeover of Dogs. The new company, which Cats said would be called OnePet, will supplant the recently created Birdfishgroup as the world's largest supplier of home companion services. -- -- -- PARIS, Nov. 14 (Agence France-Presse) -- In what is thought to be the biggest merger of all time, Men and Women have agreed to join forces into one sex, to be called Humanicorp. The details of the arrangement are still being hammered out, but early negotiations have Men taking breasts. Women have agreed in principle to watch ESPN but have refused to give up self-respect. There are also serious antitrust issues that will need to be resolved. A spokesman for Men, Bob, said that Men had been trying for years to merge with Women and that this was the culmination of a long-held dream for them. Women were unavailable for comment. -- -- -- ROME, May 30, 2305 (Religious News Service) -- After several eons of discord and competition for the souls of Humanicorp, God and Satan have decided to merge in a deal that will join Heaven and Hell. "Some say I've made a deal with the Devil," said God, who appeared simultaneously on CNN, Fox News, the major networks and all radios and personal computers, as well as in the sky. "But I prefer to think of this as two former adversaries setting aside differences for the good of consumers." Those close to the delicate negotiations said that God would be chairman of the combined company and that Satan would hold the post of president. Merger talks broke off several centuries ago, in part because the executives could not reach an agreement on who would run a combined company. Reminded of his famous rebuff of God at that time, "Better to reign in hell than serve in heaven," Satan joked, "I take it back." Satan's old organization, whose name is Legion, does not plan any layoffs. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 31 May 1998 09:28:51 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] OBV/MF: Comment The consistency of insider selling every qtr, along with a Timeliness and an A/D of C, an up/down of 0.9, and a better than 30% correction from the recent highs, would make me most cautious. RS and EPS both are strong, however, latest qtr figures apparently skewed by an acquisition. Tom W - -----Original Message----- From: Anindo Majumdar To: canslim@lists.xmission.com Date: Friday, May 29, 1998 4:29 PM Subject: Re: [CANSLIM] OBV/MF: Comment > I see a Money flow / price divergence in AVEI . Has been a weak performer >but showed explosive earnings the prior quarter. > >Anindo >> >> Members-- >> >> One of the "soft" readings of OBV/MF that goes squishy when passing >> through the looking glass into the reality of the market is this: How >> long should it take for a positive divergence to manifest itself in >> price? >> >> The answer is: I don't know that. But I think I know this. That >> irrespective of the chart look of the divergence [i.e., the contrasting >> declination of price against OBV/MF inclination] the significance is >> diminished by the time from that positive divergence to yesterday's >> trading. A divergence six months old is, indeed, an old divergence; and >> if there has been no EMA buy, in the next month or so, I weigh the >> divergence modestly, if at all. However, if after this old divergence, >> there appears another, then I consider both of them active and the >> latter one a bit more weighty than if it were a lone divergence. >> >> What would keep either divergence alive would be an interim period in >> which the EMA is bunched together. Bunching keeps alive any divergence, >> positive or negative; bunching is a metaphor for ambiguity, >> uncertainty. The significance of the divergence[s] influences my >> speculation that the bunching will resolve itself to the upside. >> >> What is preferable is a positive divergence that is one to two weeks old >> with more than a modest contrast of price declination and OBV/MF >> inclination. The time to act on this divergence is dictated by the >> EMA. If the divergence is strong, you may be more aggressive on your >> entry. Whether you act on the FastSto or SlowSto is dictated by your >> aggressiveness. The MACD ought to be turning to buy. >> >> When you anticipate an EMA buy, go to a 2-day 15-min chart. You're now >> in a world where both price, EMA, and volume are flying. But there's no >> reason to be here if you're not going to fly. In this fast wind tunnel, >> the Volume+ indicator is useful to confirm your entry. >> >> Preparation, mental and mechanical, is all important. Don't go into the >> tunnel and be buffeted because you're strategy is not settled. In this >> instance, a market order may be your best order. Don't ever lose an >> entry or an exit over an 1/8th or 1/4 point. >> >> I sold a stock two days ago that was bouncing all around my stop. First >> the price was a little above, then a little below, and then above. The >> intraday Volume+ looked like I might be getting out too soon. >> >> A half hour later, and 15 minutes before closing, the dipsy-do action >> hadn't changed. I decided I had made a mistake [the stock was already >> six days old and hadn't done what I had hoped for]. >> >> Screw it. A seventh day is procrastination. Not to get out would imply >> that a blessed amnesia had settled upon me. >> >> A market order filled at a quarter below my stop kept me from making one >> more bad decision. Today, the stock is jerking someone else about. >> >> Connie Mack >> >> >> - >> >> > > >- > - - ------------------------------ Date: Sun, 31 May 1998 09:33:25 -0400 From: "PHYLLIS ROBINSON" Subject: [CANSLIM] hello Hi all, I am rereading HTMMIS over agaion, chapter by chapter because I have been told that the book has most of the info in it. I have read 'M'. So, is it safe to say that if I treat 'DJIA' and "Nasdaq" as a stock and do TA on it and it fails, then it is not a good time to be in the market? Is that basically what i read? Phyllis - - ------------------------------ Date: Sun, 31 May 1998 09:49:53 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] hello DJIA is more a representation of the "airhead media commentator" index than a true measure of what is going on in the NYSE. I would be more likely to use the NYSE Composite, or at least the OEX or SPX indexes, along with Nasdaq. Tom W - -----Original Message----- From: PHYLLIS ROBINSON To: canslim@lists.xmission.com Date: Sunday, May 31, 1998 9:34 AM Subject: [CANSLIM] hello >Hi all, >I am rereading HTMMIS over agaion, chapter by chapter because I have been >told that the book has most of the info in it. I have read 'M'. So, is it >safe to say that if I treat 'DJIA' and "Nasdaq" as a stock and do TA on it >and it fails, then it is not a good >time to be in the market? Is that basically what i read? > >Phyllis > > >- > - - ------------------------------ Date: Sun, 31 May 1998 14:12:23 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Quotes Plus2: Yeah, I've never emailed CC info. Dangerous. Don't they have telephones? BTW, how hard (bufuddling, etc.) is PGP to get into (at least to the point that you've got THIS job done)? Dan On Fri, 29 May 1998 18:38:53 +0200, you wrote: :>Just email :>your correct mailing address and a new expiration date on your credit = card. : :Security-wise, this is a big no-no. : :Your email passes many, many servers and anyone scanning for the words :'VISA' and such will easily accumulate a list of credit card nrs with = exp :dates. : :FAX your data or use PGP encoded email (both sender and reciever must = have :PGP installed.) : :More info on PGP: http://www.nai.com/default_pgp.asp : : : :Johan Van Houtven :CLICK! N.V. / Wilrijk, Belgium : : :- - - ------------------------------ Date: Sun, 31 May 1998 14:56:09 +0200 From: Johan Van Houtven Subject: [CANSLIM] No "C", no "A" .... and Internet related stocks. Tom wrote: >I would certainly agree that there is little difference between a co >with earnings growth of 25% vs one with 35%, esp in the current >climate of diminished earnings. I would likely take the "kick ass" >mover over the other choice. On the other hand, buying the "kick ass" >internet stocks several months ago required more than overlooking or >ignoring "minor details", it required dropping the "C" and "A" >entirely from CANSLIM. The same is true for quite a number of telecoms. (I've owned several stocks that had no "C" or "A" to speak of, but they surely had the "N" & "L", "M" was up, and the chart was beautifull.) Maybe all of this should not come as a surprise. Stocks, more often that not, trade based on what is expected of them in the future (future sales & earnings) instead on what they have done in the past. Some stocks seem to be priced on next years expected earnings and others seem to be priced on expected earnings 3 to 5 years for now. Lots of internets seem to fall in this last category. Talking of internet stocks: I would not be surpriced to see a number of internet stocks lead the market in one or a few of the next market upswings. The internet is one of the fastest growing business segments. That does not mean that every internet stock will turn out to be a winner, but I would not be surprised to see a lot of future winners in this business segment. Consider all of the above "NOISE"! I.e. I do not care if it turns out to be true or not. I'm just going to watch and let the market tell me when the next upswing begins and what the new leaders are. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sun, 31 May 1998 17:29:05 +0200 From: Johan Van Houtven Subject: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) DAN wrote: > BTW, how hard (bufuddling, etc.) is PGP to get into (at >least to the point that you've got THIS job done)? > >Dan Dan, I'll be glad to answer your question, but I truly have no idea what your question is. In the meantime I'll answer some of the questions you might have asked. PGP is easy to install. It is the most secure method of transferring information via the internet available to almost everyone that I know of. PGP is supposedly as close to uncrackable as one can get. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sun, 31 May 1998 08:57:39 -0700 From: Bill Subject: Re: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) Can you legally buy the software outside the USA? I assume its OK if you purchased it in the USA and took it to a foreign location for personal use. Its covered by the MUNITIONS Act - me thinks.I would be reluctent to advertise the possesion of banned encryption technology. Big Brother is watching, you know! :-) Bill-->> - --------------------------- At 8:29 AM -0700 5/31/98, Johan Van Houtven wrote: >DAN wrote: > >> BTW, how hard (bufuddling, etc.) is PGP to get into (at >>least to the point that you've got THIS job done)? >> >>Dan > >Dan, I'll be glad to answer your question, but I truly have no idea what >your question is. > >In the meantime I'll answer some of the questions you might have asked. > >PGP is easy to install. > >It is the most secure method of transferring information via the internet >available to almost everyone that I know of. > >PGP is supposedly as close to uncrackable as one can get. > > > >Johan Van Houtven >CLICK! N.V. / Wilrijk, Belgium > > >- - - ------------------------------ Date: Sun, 31 May 1998 09:21:00 -0700 From: "Rich Mau" Subject: RE: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) > Can you legally buy the software outside the USA? I assume its OK if you > purchased it in the USA and took it to a foreign location for > personal use. > Its covered by the MUNITIONS Act - me thinks.I would be reluctent to > advertise the possesion of banned encryption technology. Big Brother is > watching, you know! :-) > > Bill-->> Purchasing PGP in the US and transporting it out of the US is exactly what IS illegal! The law is nonsense, but it is the law. Rich Mau - - ------------------------------ Date: Sun, 31 May 1998 18:44:21 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] NOT CANSLIM: PGP (Pretty Good Privacy) At 08:57 AM 31-05-98 -0700, you wrote: >Can you legally buy the software outside the USA? I assume its OK if you >purchased it in the USA and took it to a foreign location for personal use. >Its covered by the MUNITIONS Act - me thinks.I would be reluctent to >advertise the possesion of banned encryption technology. Big Brother is >watching, you know! :-) > >Bill-->> Bill, Aha... you almost got me jailed! Almost.... For legal issues concerning Europeans please consult: http://www.pgpinternational.com/legal/ Here's a site for Europeans who want to use PGP: http://www.ix.de/ct/pgpCA/ (Just looked it up.) It is German alas, but has links to several sites in English as well. Europeans can get the PGP v5.53i International Freeware version at: ftp://ftp.de.pgpi.com/pub/pgp/5.5/ BTW, the guy who 'spread' the PGP technology is an American. At one time they wanted to jail him, but they didn't. I guess that if they did not jail him, they won't jail an innocent user as me, either. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ End of canslim-digest V2 #262 ***************************** 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.