From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #286 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, June 16 1998 Volume 02 : Number 286 In this issue: Re: [CANSLIM] Technical Analysis [CANSLIM] Free Insider Trading Data Re: [CANSLIM] The NAZ - Weekly/Daily Re: [CANSLIM] RUT support?--Dave Re: [CANSLIM] The NAZ - Weekly/Daily--Dave Uselessness of DJIA (Was: Re: [CANSLIM] The NAZ ) Re: [CANSLIM] -- Not Canslim - Nikkei Re: [CANSLIM] -- Not Canslim - Nikkei [CANSLIM] SPLS - Staples LLUR Re: [CANSLIM] AMZN Re: [CANSLIM] AMZN--Shorts, Eat My Re: [CANSLIM] SPLS - Staples LLUR Re: [CANSLIM] SPLS - Staples LLUR Re: [CANSLIM] SPLS - Staples LLUR Re: [CANSLIM] World Market Charts @ Yahoo! Yippee! Re: [CANSLIM] Fw: List of adds and deletes to the Russell indexes Re: [CANSLIM] SPLS - Staples LLUR Re: [CANSLIM] Mkt "noise" - JW don't read (was William J. O'Neil talks stocks) Re: [CANSLIM] The NAZ - Weekly/Daily Re: [CANSLIM] -- Not Canslim - Nikkei Re: [CANSLIM] Fw: List of adds and deletes to the Russell indexes Re: [CANSLIM] -- Not Canslim - Nikkei Re: [CANSLIM] AMZN--Shorts, Eat My [CANSLIM] Bid price higher than ask price Re: [CANSLIM] The NAZ - Weekly/Daily Re: [CANSLIM] World Market Charts @ Yahoo! Yippee! Re: [CANSLIM] Mkt "noise" - JW don't read (was William J. O'Neil talks stocks) [CANSLIM] OBV/MF [Connie] Re: [CANSLIM] Spamming Re: [CANSLIM] Bid price higher than ask price [CANSLIM] Graphs Re: [CANSLIM] Bid price higher than ask price Re: [CANSLIM] Bid price higher than ask price Re: [CANSLIM] Spamming ---------------------------------------------------------------------- Date: Mon, 15 Jun 1998 19:32:09 -0700 From: Dan Cash Subject: Re: [CANSLIM] Technical Analysis Jeffry White wrote: > > db, > > Isn't "market psychology and sociology" the very kind of noise you and > > several others criticized me for posting and polluting this group > > with, as just more "media type" noise?? > > > > Tom W > > A straight forward question seems to me. > > > Tom, in case you hadn't noticed, I've been trying to ignore your > taunting, and attempts at sarcasm in posts, of late. Jeff,Is there a particular reason you are stirring this pot again? Seems like there is a more mature path to walk here. > But, I must note that you really seem to like the fight. Don't you? Say what? > > > Now, back to a very good CANSLIM "M" question posed by Db. Sorry I > didn't finish it this evening, Db. > > Jeffry > > - - - ------------------------------ Date: Mon, 15 Jun 1998 23:20:26 -0400 From: Craig Griffin Subject: [CANSLIM] Free Insider Trading Data Yahoo continues to amaze. Go type in a symbol in the Get Quotes field at http://quote.yahoo.com/ and after it shows - click on the "Insider" option at the far right. Have fun. - - ------------------------------ Date: Mon, 15 Jun 1998 23:32:57 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] The NAZ - Weekly/Daily Thanks, glad it found your 12! Argh! Nope, no VFR's, "Not fit for man, nor beast!" Regards, Frank At 12:20 PM 6/15/98 -0400, Connie Mack Rea wrote: >Nice metaphor, Frank. > >This is not the market for VFR cross countries. > >Connie Mack > > > > >Frank V. Wolynski wrote: > >> It all depends on the instruments you think you need to get a feel for >> market direction. >> >> Some are content with an altimeter only, judging their speed by the sound >> of the wind. >> Some want an artificial horizon and atitude display. >> >> It is all towards figuring M, which to me means use what works for you! >> Disgard what doesn't. >> >> Since I don't hear so well anymore, I'll take the plane with the altimeter, >> air speed indicator, artificial horizon, and ILS receiver. >> >> I hate bumpy landings! >> >> Frank Wolynski >> >> At 09:08 AM 6/15/98 -0500, Dave Cameron wrote: >> >dbphoenix wrote: >> >> >> >> <> >> trendlines etc. is only partially relevant to me. I, and anyone who >> >> follows CANSLIM to the letter, never would own a Dow stock. Any DJIA >> >> stock, nearly by definition, can not be CANSLIM.>> >> >> >> >> I'm curious as to your reasoning behind this, Dave. O'N does not >> >> limit himself to small-cap stocks and there are plenty of mid and >> >> large-cap examples in the book. Why do you say that "anyone who >> >> follows CS to the letter never would own a Dow stock"? >> > >> >O'Neill generally sets a limit on number of shares outstanding >> >and institutional sponsorship. Most, if not all, DJIA stocks >> >exceed his guidance on shares outstanding and institutional >> >sponsorship. He has commented several times >> >that you can own large cap stocks such as those on the DJIA, but >> >he personally thinks you need to be a lot more patient. He >> >then goes on to comment he doesn't have that patience. This >> >is on a tape which one gets for free when subscribing to IBD. >> > >> >Dave Cameron >> > >> >> >> >> --Db >> >> >> >> _________________________________________________________ >> >> DO YOU YAHOO!? >> >> Get your free @yahoo.com address at http://mail.yahoo.com >> >> >> >> - >> > >> >- >> > >> > >> >> - > > > > >- > > - - ------------------------------ Date: Mon, 15 Jun 1998 22:50:23 -0500 From: Dave Cameron Subject: Re: [CANSLIM] RUT support?--Dave Thanks, Db. I certainly DO find it useful. Dave Cameron dbphoenix wrote: > > I made up a RUT chart for you. The levels you mentioned are there, > but I've also added a couple of trendlines and the Fib/Gann > retracement levels. I didn't put in any numbers since it's pretty > obvious what they'd be. This chart is certainly much more warming > than the others. > > Hope you find this useful. > > ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/RUT-WKLY.gif > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Mon, 15 Jun 1998 22:52:41 -0500 From: Dave Cameron Subject: Re: [CANSLIM] The NAZ - Weekly/Daily--Dave dbphoenix wrote: > There are distinct advantages to focusing on one segment of the > market. But if one focuses on small caps alone, he stands a good > chance of being out of the market for extended periods of time. Keep > in mind also that the Nasdaq is essentially a large-cap index. > You are correct, of course, which is why I prefer the RUT. There is not as much correlation between the Russell 2000 and the DJIA as most people seem to think. I've seen days where the Dow is up 1% and the RUT is down 1%. A bit sobering when all the media pundits are talking about the "market" hitting new highs. > Finding mid and large-caps with the requisite earnings growth is more > difficult, but they do exist. Agreed... I don't completely shun these stocks, just close... > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Mon, 15 Jun 1998 22:55:39 -0500 From: Dave Cameron Subject: Uselessness of DJIA (Was: Re: [CANSLIM] The NAZ ) Patrick Wahl wrote: > > > Date: Mon, 15 Jun 1998 07:39:23 -0500 > > From: Dave Cameron > > > stock, nearly by definition, can not be CANSLIM. As such, the Dow can > > go to zero for all I care. It is merely 30 stocks. I find that the > > I think a market cap of zero for Merck, Exxon, GM, GE, and a few > others might hint at broader economic weakness and possibly translate > into weakness for the NASDAQ. Or maybe not. Aw, come on, Patrick.... the Dow is only 30 non-randomly selected stocks. You don't think that 30 companies can go out of business in any given year. What about Penn Central, wasn't it a Dow stock. Of course, they cheat. If Merck plummeted, it would simply get removed from the DJIA. If GM plummeted, my mother's Ford stock would either get hammered, or do great! My main point (although a bit tongue-in-cheek) is that the DJIA is WAY, WAY, WAY over-rated. It is only 30 stocks. I own mutual funds which own more than that - maybe we can use them as a market gauge. All in good fun, Dave C. > > - - - ------------------------------ Date: Mon, 15 Jun 1998 23:02:25 -0500 From: Dave Cameron Subject: Re: [CANSLIM] -- Not Canslim - Nikkei Gee... another hour and 40 minutes of this, and we won't need to worry about Japan any more - the Nikkei will be zero. OK, I'll stop being silly now, honest. I just can't help it - I was listening to the 11 PM news here in Chicago, and the commentators are making it sound like the end of the world. Dave Cameron Frank V. Wolynski wrote: > > Mikkei 225 down 1% during first 5 minutes of trading. > Complete story below: > > http://biz.yahoo.com/finance/980615/tokyo_stoc_3.html > > Regards, > Frank Wolynski > > - - - ------------------------------ Date: Mon, 15 Jun 1998 21:11:35 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] -- Not Canslim - Nikkei <> At the risk of offending anyone who's long, I think it's great. Like everything on Rodeo Drive was cut by 80%. My list grows longer and longer every day. Let's hear it for Dow 7000. And Nasdaq 1200. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 16 Jun 1998 00:25:18 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] SPLS - Staples LLUR Gotta like the 5 year chart on SPLS. LLUR pattern. EPS/RS 96/91 Acc/Dist B Group Rank B - Retail Wholesale Office Supply #47, jumped 13 higher this wk. Can't look up the fundies, server busy at rapidresearch. Probably a favorite of the elephants! Yahoo msg board sez 30% annual growth. Lots of insider buying in October. Thanks Craig for that Yahoo tip! Retail groups should remain strong and probably offer a safe haven during the South Pacific Economic Typhoon. I've started thinking about elephants in brush fires. They have few places to run! They may be leaving some footprints! Regards, Frank Wolynski - - ------------------------------ Date: Tue, 16 Jun 1998 00:44:25 -0400 From: Ari Lawson Subject: Re: [CANSLIM] AMZN Jeffry, Don't get me wrong i read every word(at least try to)you write on this line.Tom W.'s also.I just wasn't sure exactly what you where saying about AMZN.Tell you the truth this is more than i think should be written about this.Sorry.Still don't know what your saying about AMZN,though with everything out there right now i for one won't touch AMZN. MORE TIME ARI - - ------------------------------ Date: Tue, 16 Jun 1998 00:46:09 -0400 From: Ari Lawson Subject: Re: [CANSLIM] AMZN--Shorts, Eat My dbphoenix wrote: > > < early April, and most are still thinking LONG. What's wrong with a > little CANSLIM shorting strategy? Give me your shorts! :-; > > Bill-->>>> > > That doesn't have anything to do with eating shorts, does it? > > Actually it may not be too late for shorting. Anyone who wants to > play with some paper trades should watch for stocks that rally on weak > volume and can't penetrate resistance. There are other things to look > for, of course, but this is a biggie. > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > -Thank you,Little more clear now! - - ------------------------------ Date: Mon, 15 Jun 1998 21:55:02 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] SPLS - Staples LLUR Here's 24 more LLURs for you...haven't run my scan on them yet but EDAC passes most criteria. HBOC KSS HD AEG BKE COF TG BMY COST GPS FED CNBF PVN MCK TWMC LOW SIVB RHI DH BANF RAL SGP SPLS SWY EDAC At 12:25 AM 6/16/98 -0400, you wrote: >Gotta like the 5 year chart on SPLS. LLUR pattern. >EPS/RS 96/91 >Acc/Dist B >Group Rank B - Retail Wholesale Office Supply #47, jumped 13 higher this >wk. >Can't look up the fundies, server busy at rapidresearch. >Probably a favorite of the elephants! >Yahoo msg board sez 30% annual growth. >Lots of insider buying in October. Thanks Craig for that Yahoo tip! > >Retail groups should remain strong and probably offer a safe haven during >the South Pacific Economic Typhoon. > >I've started thinking about elephants in brush fires. They have few places >to run! They may be leaving some footprints! > >Regards, >Frank Wolynski > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 16 Jun 1998 01:01:10 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] SPLS - Staples LLUR Thanks Tim, I recognize most of the list. Are you using QP for the scans? Frank At 21:55 6/15/98 -0700, Tim Fisher wrote: >Here's 24 more LLURs for you...haven't run my scan on them yet but EDAC >passes most criteria. > >HBOC KSS HD AEG BKE COF TG BMY COST GPS >FED CNBF PVN MCK TWMC LOW SIVB RHI DH BANF >RAL SGP SPLS SWY EDAC > > >At 12:25 AM 6/16/98 -0400, you wrote: >>Gotta like the 5 year chart on SPLS. LLUR pattern. >>EPS/RS 96/91 >>Acc/Dist B >>Group Rank B - Retail Wholesale Office Supply #47, jumped 13 higher this >>wk. >>Can't look up the fundies, server busy at rapidresearch. >>Probably a favorite of the elephants! >>Yahoo msg board sez 30% annual growth. >>Lots of insider buying in October. Thanks Craig for that Yahoo tip! >> >>Retail groups should remain strong and probably offer a safe haven during >>the South Pacific Economic Typhoon. >> >>I've started thinking about elephants in brush fires. They have few places >>to run! They may be leaving some footprints! >> >>Regards, >>Frank Wolynski >> >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > - - ------------------------------ Date: Mon, 15 Jun 1998 22:05:54 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] SPLS - Staples LLUR <> Don't want to rain on anybody's parade, but keep at least one eye on the charts. It's always possible that if the market declines enough, people may reduce their spending somewhat. Not a scenario, just trying to be vigilant. Those pygmies are everywhere. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 16 Jun 1998 01:08:16 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] World Market Charts @ Yahoo! Yippee! They update it continuously. I was busy with some printouts and after a bit, hit a reload on my browser and it updated. The chart reloaded and incremented by a few ticks and minutes on the daily charts! I was watching China at the time! Pretty impressive work Yahoo! My browser has a new "Home"! Frank At 21:57 6/15/98 -0400, Tom Worley wrote: >Thanks, Frank > >Tom W > >-----Original Message----- >From: Frank V. Wolynski >To: canslim@mail.xmission.com >Date: Monday, June 15, 1998 8:27 PM >Subject: [CANSLIM] World Market Charts @ Yahoo! Yippee! > > >>For the first time in a couple of months I clicked on a few Indexes >from >>the World Markets page at Yahoo. To my surprise a chart came up! I've >never >>before gotten a chart from any of the Foreign Index links. >> >>So I tried a few more, and more came up! >> > > > >- > > - - ------------------------------ Date: Mon, 15 Jun 1998 22:11:07 PDT From: "Charles Morgan" Subject: Re: [CANSLIM] Fw: List of adds and deletes to the Russell indexes Everybody, A fund manager on CNBC mentioned the addition and deletion of stocks in the Russell indexes. He said historically the stocks deleted usually do very well after the initial affect of being deleted. He also mentioned that the stocks to be added and deleted were decided by a system. I can't remember what it is. Does anybody else know? Chuck >From: "Tom Worley" >To: "CANSLIM" >Subject: [CANSLIM] Fw: List of adds and deletes to the Russell indexes >Date: Mon, 15 Jun 1998 20:34:44 -0400 >Reply-To: canslim@lists.xmission.com > >For those of you attempting to trade CANSLIM type stocks, I remain >convinced, like Dave Cameron, that the index that most closely >reflects what's happening with CANSLIM stocks is the Russell 2000. You >may not realize that we are in that time of year when stocks are added >and deleted to this index. The list of the top 3000 stocks, thus >making up the Russell 1000 and 2000 indexes, are being compiled and >will be finalized later this month. I had trouble finding the list of >likely changes, and the following email will explain how to get the >lists of the adds and deletes (ones that shrunk below the newcomers) >for those interested. This is a volatile time period for the adds and >deletes, however by mid-July, most of the price changes caused by >mutual funds buying or selling these adds and deletes will have likely >evaporated. In the meantime, it may help explain strange volume or >price action on no news. > >Tom W > >-----Original Message----- >From: Kitsu, Christy (Sales_Svcs) >To: 'Tom Worley' >Date: Monday, June 15, 1998 11:35 AM >Subject: RE: List of adds and deletes to the Russell indexes > > >> <> <> >>Tom: >> >>The lists are on our Web site at www.russell.com in the US Indexes >>section. When you go to US Indexes a second screen with data will >>appear. Close that screen to return to your main browser window and >>there will be a menu on the left side of your screen. Click on Index >>Reconstitution under US Indexes and that's where the adds/deletes >lists >>will be found (there are links inside of the text to the lists). >> >>I have attached the lists for your convenience, but hopefully the >>instructions above will help if you need the updates on the next two >>Fridays. Also, if you are on AOL, we have been having some problems >>with those users and our systems people are looking into them now. >> >>If you have any other questions, please let me know. >> >>Christy >>ckitsu@russell.com >> > > > >- > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Tue, 16 Jun 1998 01:13:43 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] SPLS - Staples LLUR At 22:05 6/15/98 -0700, dbphoenix wrote: ><during the South Pacific Economic Typhoon. >> > >Don't want to rain on anybody's parade, but keep at least one eye on >the charts. No parade, no band, no cheerleading. And the charts.... wouldn't leave home without 'em. >It's always possible that if the market declines enough, >people may reduce their spending somewhat. Not a scenario, just >trying to be vigilant. Those pygmies are everywhere. The tallest pygmy is the wisest! One that should be listened to! Thanks, Frank - - ------------------------------ Date: Tue, 16 Jun 1998 01:23:14 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Mkt "noise" - JW don't read (was William J. O'Neil talks stocks) Tom, Do you agree with O'Neils philosophy concerning mutual funds?It's on pg.127 of HTMMIS.I have some funds i've been holding since the early 80's.If you don't ,for then,how bout for the future 5,10,15,20,years? I'm a 40 year old guy,no debt(except mortgage).Can sock away at least $500 a mouth,hopefully more,hopefully indefinatly.I'm all in cash right now,except for the mutual funds i've been holding. Don't get me wrong i still have aronnd $20,000 in cash,$10,000 that i'm waiting patiently to do some CANSLIMING with.Just would appreciate your oppinion on O'neil's opinion about MF's. THANKS ARI P.S.Obviously no RUSH (no pun intended),whenever you have time.Acually RUSH doesn't look to healthy right now. P.S.S Hope your new position,(job)is going well! - - ------------------------------ Date: Tue, 16 Jun 1998 02:21:14 -0400 From: Ari Lawson Subject: Re: [CANSLIM] The NAZ - Weekly/Daily dbphoenix wrote: > > <> > > Russell 2000. It's a smallcap index. What the Nasdaq used to be. It > is designed to mirror the smallcap universe. > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > -Please, Why is RUT more significant than investors daily 6000? THANKS! - - ------------------------------ Date: Tue, 16 Jun 1998 05:57:40 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] -- Not Canslim - Nikkei Important only to the ones who thought it would never go down. Or the ones that thought the decline was over. With over $350 Billion dollars in equity value erased yesterday, I suppose it wasn't the end of the world, but maybe to some, it could have been. They'd probably be better off! Many have died for less and been more sure! Glad it wasn't you. Regards, Frank Wolynski At 23:02 6/15/98 -0500, Dave Cameron wrote: >Gee... another hour and 40 minutes of this, and we won't >need to worry about Japan any more - the Nikkei will be >zero. OK, I'll stop being silly now, honest. I >just can't help it - I was listening to the 11 PM news >here in Chicago, and the commentators are making it >sound like the end of the world. > >Dave Cameron > > >Frank V. Wolynski wrote: >> >> Mikkei 225 down 1% during first 5 minutes of trading. >> Complete story below: >> >> http://biz.yahoo.com/finance/980615/tokyo_stoc_3.html >> >> Regards, >> Frank Wolynski >> >> - > >- > > - - ------------------------------ Date: Tue, 16 Jun 1998 06:38:36 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Fw: List of adds and deletes to the Russell indexes Russell Co. calculates the 3000 largest US companies based on mkt cap as of June 30. The top 1000 become the Russell 1000 index (there are relatively few add and deletes on this one). The next 2000 make up the RUT (or Russell 2000 index). The theory behind the deletes usually rebounding quickly is that the bad news that caused them to drop in size (or not keep up with the pack's growth rate) is already factored in, thus the funds selling them now is artificial. Once out of the way, they go back to trading on fundamentals. Tom W - -----Original Message----- From: Charles Morgan To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 1:08 AM Subject: Re: [CANSLIM] Fw: List of adds and deletes to the Russell indexes >very well after the initial affect of being deleted. He also mentioned >that the stocks to be added and deleted were decided by a system. I >can't remember what it is. Does anybody else know? > - - ------------------------------ Date: Tue, 16 Jun 1998 07:10:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] -- Not Canslim - Nikkei Not to mention closing at a new 12 month low. However the yen and mark are stronger against the dollar, and futures are looking better. Asia didn't do well, but Europe seems more stable. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; canslim@lists.xmission.com Date: Tuesday, June 16, 1998 5:53 AM Subject: Re: [CANSLIM] -- Not Canslim - Nikkei >Important only to the ones who thought it would never go down. >Or the ones that thought the decline was over. > >With over $350 Billion dollars in equity value erased yesterday, >I suppose it wasn't the end of the world, but maybe to some, >it could have been. They'd probably be better off! > - - ------------------------------ Date: Tue, 16 Jun 1998 08:41:05 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] AMZN--Shorts, Eat My This is leading us waaaay off topic, but it if far far safer to buy a PUT Option than it is to Sell Short. The most you can loose with the Put is what you paid (usually $2-$10 for decent options) while when Selling Short you can loose as much as a stock can Rise! (When buying a stock it's not much, but when Selling it can be far greater thanks to Mr. Murphy!) - -- Thomas A. Moulton, W2VY Green Hills Software email: tmoulton@ghs.com pager: http://www.xanthus.net/w2vy - - ------------------------------ Date: Tue, 16 Jun 1998 09:03:29 EDT From: Subject: [CANSLIM] Bid price higher than ask price to members. I in a position on a stock and upon checking the price this morning I noticed the bid price is higher than the ask price. I am wodering what could cause a bid price to be at 12.50 and the ask at 12.25. Could this be a mistake? Thanks Frank - - ------------------------------ Date: Tue, 16 Jun 1998 09:13:34 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] The NAZ - Weekly/Daily Ari Lawson wrote: > > -Please, > Why is RUT more significant than investors daily 6000? THANKS! > > - Good question! Also is there a ticker symbol for IBD 6000? - -- Thomas A. Moulton, W2VY - - ------------------------------ Date: Tue, 16 Jun 1998 09:10:14 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] World Market Charts @ Yahoo! Yippee! > They update it continuously. If you like streaming charts check out "Live! Charts" at www.quote.com Most stock, option and index symbols work. You can also watch a variable number of minutes (or days, weeks, months) It's nice. (delayed data free) - -- Thomas A. Moulton, W2VY - - ------------------------------ Date: Tue, 16 Jun 1998 09:20:30 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Mkt "noise" - JW don't read (was William J. O'Neil talks stocks) Ari Lawson wrote: > your oppinion on O'neil's opinion about MF's. Remember almost *anything* that is generating compounded growth is better than none. From all that I have read you should invest in MF's and test/learn with a small portion (5%-10%) and then as you get better shift a larger portion of the $500/mo deposit to your own accounts... make your MF's a one way street (deposit only) until you retire so even if you blow it in your own account you will still have the fund there to live. - -- Thomas A. Moulton, W2VY Green Hills Software email: tmoulton@ghs.com pager: http://www.xanthus.net/w2vy - - ------------------------------ Date: Tue, 16 Jun 1998 09:33:35 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF [Connie] Members-- My scans continue to kick out a good looking stock or two in the midst of the correction. I will this morning move to about 35% long; am still 25% short. Three stocks, though not meeting OBV/MF criteria, are extremely strong: ABTX, FORE, and GGUY. Be sure to examine MACD, SloSto, and EMA before entering any of them. A stock that I will begin to buy in small lots this morning is FFGI. It meets all OBV/MF criteria and is in a buy position. If my entry points are correct, I expect little resistance until the stock approaches 17-17.5. I consider FFGI's correction to be mild and uniform. Several EMAs are in near conjunction. E.g., the 20 and 39 EMA are quite near the 3/7/10. I am also looking closely at the airlines. Tom's recent success during the correction is indicative that his applying of technical data to CS is worth investigating. He continues to refine his work. His results thus far are pretty extraordinary in this market, or any market. Connie Mack - - ------------------------------ Date: Tue, 16 Jun 1998 06:35:59 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Spamming Look what I got in the mail! Surprise! Surprise! Tim, Dave, your first impulses were the right ones. I hope this idiot is still off the list. - --Db Date: Tue, 16 Jun 1998 08:13:40 -0400 (EDT) From: hooters@lon.ionline.net Add to Address Book To: hooters@lon.ionline.net Subject: YOUR $125 GIFT FROM A FRIEND OR A CO-WORKER < A M S T O C K P I C K S FOR THE SERIOUS INVESTOR xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx This is your $125 Gift, a 30 Day Free Trial to our Weekly Stock Research Newsletter. 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A B R G & E X X O N A B R G on the Nasdaq AMBRA RESOURCES GROUP INC . and E S S O of IMPERIAL OIL, owned by EXXON OIL CORP (the world's largest oil company) ANNOUNCE their A M E X JOINT VENTURE PROJECT with expected future revenues in the BILLIONS of DOLLARS This BREAKING NEWS puts A B R G in the MAJOR LEAGUES of OIL production and exploration. This long awaited NEWS will SKYROCKET ABRG STOCK to HIGHS not previously achieved by AMBRA RESOURCES GROUP INC. Trading now in .055 range xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx OUR 1 9 9 8 STOCK PICK OF THE YEAR is CMEC COMMERCIAL CONCEPTS on the NASDAQ and they have the Y2K SOLUTION to the Millenium Bug two primary products are Quick-Fixx & Quick-Fixx Lite which have an UNLIMITED MARKET for the next 2 years. CMEC newsrelease just out about their Marketing Agreement with a MAJOR DISTRIBUTOR and I N T E R N E T W E B SITES for sales of their products. CMEC stocks are trading in the $3 range and are about 10% of what similar companies are going for. This news should PROPEL their stock to put it more in line with what it is worth, and it will keep climbing because of the tremendous need for their products to solve the Y2K problem. I see nothing to slow the price rise of this company's shares. Major U.S. government, State , Municipal and Commercial Corporate Contracts are all there, and this means hundreds of millions o f dollars of sales for this top rated product. Take a look into the FUTURE, about 18 months. .CMEC will be the BALLARD POWER, M I C R O S O F T & YAHOO S T O C K S U C C E S S S T O R Y OF 1 9 9 8 & 1 9 9 9 ! xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx R E M E M B E R ..A L W A Y S B U Y S T O C K S FROM R E G I S T E R E D S T O C K B R O K E R S !!!!! xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx FOR STOCK INFORMATION go to www.RagingBull.com www.Etrade.com www.yahoo/finance or www.bloomberg.com xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx SUBSCRIPTION DETAILS:Type Subscribe in Subject Line and S E N D T O : amstockpick@yahoo.com xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx IF YOU WANT TO BE REMOVED FROM THIS 30 DAY FREE TRIAL TYPE "REMOVE" IN THE SUBJECT LINE AND PRESS RETURN xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx . _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 16 Jun 1998 09:14:39 -0400 From: Peter Newell Subject: Re: [CANSLIM] Bid price higher than ask price Frank, This usually means the stock will open higher and the ask price hasn't been adjusted but it will be. Peter Newell - ---------- > From: Mulack@aol.com > To: canslim@xmission.com > Subject: [CANSLIM] Bid price higher than ask price > Date: Tuesday, June 16, 1998 9:03 AM > > to members. > > I in a position on a stock and upon checking the price this morning I noticed > the bid price is higher than the ask price. I am wodering what could cause a > bid price to be at 12.50 and the ask at 12.25. Could this be a mistake? > > Thanks > > Frank > > - - - ------------------------------ Date: Tue, 16 Jun 1998 09:37:20 EDT From: Subject: [CANSLIM] Graphs Looking for a five minute graph for a month ago. Anyone have any ideas on how to get one. Thanks Frank - - ------------------------------ Date: Tue, 16 Jun 98 08:42:47 -0500 From: "Robert Gammon" Subject: Re: [CANSLIM] Bid price higher than ask price I see this frequently in the pre-opening quotes. The bid higher than ask (IMHO) implies buying pressure on the stock. Until the stock actually starts trading, the bid/ask numbers are only indicators of investor sentiment. Robert On Tue, 16 Jun 1998 09:03:29 EDT, Mulack@aol.com wrote: >to members. > >I in a position on a stock and upon checking the price this morning I noticed >the bid price is higher than the ask price. I am wodering what could cause a >bid price to be at 12.50 and the ask at 12.25. Could this be a mistake? > >Thanks > >Frank > >- > - - ------------------------------ Date: Tue, 16 Jun 1998 09:41:24 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Bid price higher than ask price >> Could this be a mistake? << It's called a cross market. In your case it's bullish. Or it could be a mistake. Bob - - ------------------------------ Date: Tue, 16 Jun 1998 09:49:12 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Spamming I got it too! Probably all of us? Frank Wolynski At 06:35 AM 6/16/98 -0700, dbphoenix wrote: > >Look what I got in the mail! Surprise! Surprise! > >Tim, Dave, your first impulses were the right ones. I hope this idiot >is still off the list. > >--Db > > >Date: > Tue, 16 Jun 1998 08:13:40 -0400 (EDT) > From: > hooters@lon.ionline.net Add to Address Book > To: > hooters@lon.ionline.net > Subject: > YOUR $125 GIFT FROM A FRIEND OR A CO-WORKER > > > > < A M S T O C K P I >C >K S > > FOR THE SERIOUS INVESTOR >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >This is your $125 Gift, a 30 Day Free Trial to our Weekly Stock >Research Newsletter. Membership is $125 per >month. >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >We are now 15 WINNERS with NO LOSERS!! >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >IF you had called your stockbroker and bought $1000 in stock of each >of our 15 stock picks, your portfolio would be worth over >$41,000 >BUT if you had MARGINED the GAINS you would have $226,754 ! > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >UPDATE- Our 1997 Stock of the Year was Ballard Power Systems >BLD.TO on TSE at $45 Canadian went to a high of $188 & split 3for1 >Think New Ideas THNK went from $3.10 to a high of over $38.00 > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >N E W S R E L E A S E J U N E 1 5 7:00 P.M. A B R G & E X X O N > > >A B R G on the Nasdaq AMBRA RESOURCES GROUP INC . >and E S S O of IMPERIAL OIL, owned by EXXON OIL CORP (the world's >largest oil company) ANNOUNCE their A M E X JOINT VENTURE >PROJECT with expected future revenues in the BILLIONS of DOLLARS >This BREAKING NEWS puts A B R G in the MAJOR LEAGUES of OIL >production and exploration. > >This long awaited NEWS will SKYROCKET ABRG STOCK to HIGHS >not previously achieved by AMBRA RESOURCES GROUP INC. > >Trading now in .055 range > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > > >OUR 1 9 9 8 STOCK PICK OF THE YEAR > >is > >CMEC COMMERCIAL CONCEPTS on the NASDAQ > >and they have the Y2K SOLUTION to the Millenium Bug >two primary products are Quick-Fixx & Quick-Fixx Lite which have an >UNLIMITED MARKET for the next 2 years. CMEC newsrelease just >out about their Marketing Agreement with a MAJOR DISTRIBUTOR >and I N T E R N E T W E B SITES for sales of their products. > >CMEC stocks are trading in the $3 range and are about 10% of >what similar companies are going for. This news should PROPEL >their stock to put it more in line with what it is worth, and it >will >keep climbing because of the tremendous need for their >products to solve the Y2K problem. I see nothing > to > >slow the price rise of this company's shares. > >Major U.S. government, State , Municipal and Commercial >Corporate Contracts are all there, and this means hundreds >of millions o f dollars of sales for this top rated >product. > >Take a look into the FUTURE, about 18 months. .CMEC >will be the BALLARD POWER, M I C R O S O F T & YAHOO >S T O C K S U C C E S S S T O R Y OF 1 9 9 8 & 1 9 9 9 ! > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >R E M E M B E R ..A L W A Y S B U Y S T O C K S >FROM R E G I S T E R E D S T O C K B R O K E R S !!!!! > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >FOR STOCK INFORMATION go to www.RagingBull.com >www.Etrade.com www.yahoo/finance or www.bloomberg.com > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >SUBSCRIPTION DETAILS:Type Subscribe in Subject Line and >S E N D T O : amstockpick@yahoo.com >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > > >IF YOU WANT TO BE REMOVED FROM THIS 30 DAY FREE TRIAL >TYPE "REMOVE" IN THE SUBJECT LINE AND PRESS RETURN >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > >xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx > > . > > > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > - - ------------------------------ End of canslim-digest V2 #286 ***************************** 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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