From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #288 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 288 In this issue: Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Re: [CANSLIM] SPY [non-canslim] Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Re: [CANSLIM] Group Strength Re: [CANSLIM] Not CANSLIM (AMZN--Shorts, Eat My) Re: [CANSLIM] The NAZ - Weekly/Daily Re: [CANSLIM] Bid price higher than ask price Re: [CANSLIM] SPY [non-canslim] Re: [CANSLIM] OTC Chart w/MACD & Histogram--Frank (Part One) Re: [CANSLIM] OTC Chart w/MACD & Histogram--Frank (Part Two) [CANSLIM] MRVC Up significantly Re: [CANSLIM] Buy out (was No such symbol: FFGI( Re: [CANSLIM] MRVC Up significantly Re: [CANSLIM] New members (Spamming) Re: [CANSLIM] MRVC Up significantly [CANSLIM] Latin American mkts/global noise Re: [CANSLIM] Re: Connie Mack on DB Re: [CANSLIM] MRVC Up significantly Re: [CANSLIM] MRVC Up significantly Re: [CANSLIM] Not CANSLIM (AMZN--Shorts, Eat My) [CANSLIM] Non Canslim /Dr. Elders Re: [CANSLIM] MRVC Up significantly Re: [CANSLIM] MRVC Up significantly ---------------------------------------------------------------------- Date: Tue, 16 Jun 1998 17:25:22 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) >> Dr. Elder in 'Trading for A Living' states the weekly is a good trend indicator. << Frank you'll also notice in the same book he says that Slow Stochastics is a week ahead of MACD. BTW I met Alex a number of years ago & found him to be a great guy. His triple screen makes a lot of sense. Bob - - ------------------------------ Date: Tue, 16 Jun 1998 17:23:59 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) At 04:51 PM 6/16/98 -0400, Craig Griffin wrote: >Thanks Frank. Very interesting. > >Looks like the red line crossing the blue would have given a reliable >indication that the rally underway was the beginning of a new uptrend. > >Using Quotes Plus to draw the same chart - the crossing points for the buys >since 1990 would have been: >11/90, 01/92, 08/91 *F, 08/92, 06/93, 01/94 *F, 08/94, 01/95, 02/96, 09/96, >05/97, and 02/98. > >I did not look back carefully, but I believe these dates might have been a >little late compared to an O'Neil follow through day (still they got you >back in with the bull back underway). The *F's were two fakeout signals >(in which the uptrend did not actually resume). MACD is easier to look for >than a follow through day - but likely to miss some of the action. Actually the MACD trigger line is known to be late. I use it as confirmation only. The rally would have started earlier as you point out. What I was trying to point out was in the MACD histogram (oscillator). Elders talks about the histogram reversing direction prior to the MACD trigger crossing the moving average. This is an example. Using Elders signal, the MACD histogram is actually signaling a probable reversal on 1/2, 1/9, and 1/16. It was going less negative each consecutive week. The fact that coincidence existed with the weekly stochastic gave the oversold some technical validity that did not exist earlier on 12/5 when the MACD histogram also moved less negative. Alone, the MACD histogram was not enough to convince traders an oversold condition existed. Cyclically speaking, I also find it interesting the separation between the lows of the prior rallys is within a few points or days to 39 weeks long! I'm not at all pretending that this signal is more or less valuable than any other. Just another tool. Use as you will, or won't. However it was flashing signals two weeks prior to WON's reversal day. I cut & pasted the below from 1/16/98 message. - ------------------------------------------------------------------------- In a response to Mike Lucero's "Is This It?" message: - ------------------------------------------------------------------------- Return-Path: From: "Tom Worley" To: Subject: Re: [CANSLIM] is this it? Date: Fri, 16 Jan 1998 20:05:30 -0500 X-MSMail-Priority: Normal X-MimeOLE: Produced By Microsoft MimeOLE V4.71.1712.3 Sender: owner-canslim@lists.xmission.com Reply-To: canslim@lists.xmission.com So, the question now is, with the OEX, SPX, NASDAQ and Russell 2000 (among others) are closing over 1% up, and I think all on increased volume from yesterday, but with the Dow 30 not breaking the 1% mark, does it still count? Anyone from any recent WON seminars recall how much importance he gives the Dow 30 over the other broader indexes?? - -------------------------------------------------------------------------- Regards, Frank Wolynski - - ------------------------------ Date: Tue, 16 Jun 1998 17:41:31 -0400 From: Craig Griffin Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) At 05:23 PM 6/16/98 -0400, Frank Wolynski wrote: >What I was trying to point out was in the MACD histogram (oscillator). >Elders talks about the histogram reversing direction prior to the MACD >trigger crossing the moving average. This is an example. > >Using Elders signal, the MACD histogram is actually signaling a probable >reversal on 1/2, 1/9, and 1/16. It was going less negative each >consecutive week. The fact that coincidence existed with the weekly >stochastic gave the oversold some technical validity that did not exist >earlier on 12/5 when the MACD histogram also moved less negative. Alone, >the MACD histogram was not enough to convince traders an oversold condition >existed. Ok - I see. Cool. Thanks again. - - ------------------------------ Date: Tue, 16 Jun 1998 15:22:10 -0700 From: "Steve" Subject: Re: [CANSLIM] SPY [non-canslim] - -----Original Message----- From: Bill To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 2:09 PM Subject: Re: [CANSLIM] SPY [non-canslim] All the info on SPY, MDY, DIA is at the amex website. www.amex.com. More correctly, I should have stated that SPY has total expenses, including management fee, of about 0.20%. This is the same as Vanguard's Index 500. Vanguard's the place to be if you are building a core holding and are stashing extra bucks in it when you can, as there are no fees for additions to the account. Craig's right about limits on trades - I think it's 3 a year without fees. You can use SPY to hedge your Vanguard holding if you decide to. If you're holding a position, don't like the market, but don't want to sell (tax reasons, etc.) you can short SPY against the Vanguard box and be fully hedged for cheap. And, as Bill pointed out, you can short on a downtick. Plus, you can do it on margin. Downside to this is if your fears pan out and you cover the short for a profit equal to your long loss - TAX! NOW: go to yahoo quotes. Look at S&P gain today: Look at SPY gain today: Please explain! I don't understand. Steve Grier scg@sirius.com >Add - you can short a SPY without an uptick! > >Bill-->> >--------------- > >Craig Griffin wrote: >> >> At 12:11 PM 6/16/98 -0700, Steve wrote: >> >Spy carries a management fee of about 0.2%. No special rules on trading, can >> >be held long or short. >> >> If I remember correctly, Vanguard's S&P500 fund has an extremely low >> expense ratio. They may limit the number of times you can trade in and out >> in a year, but 2 or 3 times is probably no problem. Other advantages and >> disadvantages of funds vs. SPY as you outlined. >> >> - > >- > > - - ------------------------------ Date: Tue, 16 Jun 1998 19:19:32 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Hi Tannis, The best I can suggest is a trip to Bigcharts. The same indexes are available for charting there, with 5 years and more of data. Those charts do not use a black background and will print very well. The same indicators I've used and DB's charts showing support/resistance of course will not be there, but you can manually recreate those with the data DB supplied. Regards, Frank Wolynski At 01:48 PM 6/16/98 -0700, Tannis Malone wrote: > >I appreciate the charts from all of you. Does anyone know how to >print out the charts without the black background? I'd like to do >some drawing and measuring on them. > >EdM (another lurker trying to learn) > > > >---"Frank V. Wolynski" wrote: >> >> Support/Resistance may not be telling all there is about a >market/security. >> Therefore I have uploaded a weekly chart of the OTC using a MACD, >and MACD >> Histogram (Oscillator). >> >> Dr. Elder in 'Trading for A Living' states the weekly is a good trend >> indicator. >> >> See it at: >> ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/Otc_MACD.GIF >> >> I would tend to concur after viewing the chart. Notice how the MACD >> Oscillator changes direction and turns less negative during the later >> phases of a correction. >> >> I couldn't get Bigcharts or Equis to do a MACD histogram, but it may >be >> available at other sites. >> >> Best Regards, >> >> Frank Wolynski >> >> >> - >> >> > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > - - ------------------------------ Date: Tue, 16 Jun 1998 19:22:04 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram (Oscillator) Thanks Bob. Do you know what values he uses for the slow stochastics? Big Charts defaults to a 21 day I believe, could this be it? I especially liked the section of his book on the phychology of it all. Frank Wolynski At 05:25 PM 6/16/98 -0400, Robert Bomba wrote: >>> Dr. Elder in 'Trading for A Living' states the weekly is a good trend >indicator. << > >Frank you'll also notice in the same book he says that Slow Stochastics is >a week ahead of MACD. BTW I met Alex a number of years ago & found him to >be a >great guy. His triple screen makes a lot of sense. > > Bob > >- > > - - ------------------------------ Date: Tue, 16 Jun 98 20:11:11 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Group Strength Yes you're right, Tim. But I think it is precisely for this reason (that KEA is really a Y2K stock), that Bollinger has left it out of his regular industry groups. Walter Stock (yes, that really is my last name) Oakville, ONT - Canada - -------- > Hmmm, seems to me that KEA is a Y2K co. almost exclusively.... > > > At 11:06 PM 6/13/98 PDT, you wrote: > > > >For example, KEA (Keane Corp) > >which you might expect to see filed in some Software > >or Computer-Service industry group or other, is dumped > >into Non-Correlated because its behaviour does not > >correlate well enough with any of his industry groups. > > > 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 20:23:26 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Not CANSLIM (AMZN--Shorts, Eat My) With reference to AMZN, one problem you may encounter is that there are already so many shares sold short, the house where you have your acct may not have stock available to loan you to short. Thus, the option (forgive the pun) of shorting may not be available. The problem with buying puts vs shorting the actual stock is that the options usually carry a pretty steep premium, plus they have finite time value. Thus, they could expire the week before the stock crashes and burns. Shorting the stock puts time on your side, and mostly avoids the premium, but requires greater capital, and entails greater risks. You are correct, tho, that the max risk you have in buying the puts is the amount you spend. Another alternative is selling short some in-the-money calls. This entails similar risks to shorting the stock, but doesn't require borrowing anything, and doesn't make you wait as a stock plunges to meet the "uptick" rule. Cash equity requirements are greater than buying puts, and you will likely be dealing with similar premiums if the stock is already falling, and I repeat, the risks are similar to shorting the stock. This strategy, IMHO, is better employed on a good, but volatile, stock by writing covered calls. In other words, buy your favorite but beaten down stock at a perceived low. If you're right and it then runs up, write (sell) calls against the position. If it then falls back, you can either let the options expire and keep all the proceeds, or else buy back the calls to cover the short call position and pocket the difference between you sale proceeds and the cost of buying to cover the short call. "far safer" is relative to the investor, his experience, his risk tolerance, and his financial capital he is willing to risk. Tom W - -----Original Message----- From: Thomas A. Moulton To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 8:49 AM 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 20:35:49 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] The NAZ - Weekly/Daily One is not necessarily better than another. It depends on what slice (segment) of the market you are trying to measure and monitor. RUT (Russell 2000) will better represent the mid to small cap segment, while the IBD 6000 will better represent a full cross section of all exchanges, with greater weight on larger cap stocks, but from both NYSE and NASDAQ (with some AMEX presence), than would the S&P500, for example. Tom W - -----Original Message----- From: Thomas A. Moulton To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 9:20 AM 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 20:32:44 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Bid price higher than ask price I really hate seeming to always be the "naysayer" here, but the responses to this fair question only tell half the story (at least the ones I have read so far). One thing I like about NASDAQ stocks is that the MMs (market makers) are adjusting their quotes before the opening in response to incoming buy and sell orders; news, "M", etc. When the bid is higher than the ask, you do have a "crossed mkt" and neither side of the quote is valid until the mkt is "uncrossed". HOWEVER, just because the bid is higher than the ask DOES NOT SIGNAL BULLISH on its own, the quote must be viewed in light of where the bid and ask, and the final closing trade, occurred on the prior trading day. The offer/ask could be lower than the bid because of something bad, leading to lots of sell orders, and a lowered offer. A crossed mkt is not inherently bullish until and unless it's compared to the prior day's closing stats. This is one reason why I encourage investors to not enter orders within the first 15 minutes of mkt opening if you can (advice that I now must violate due to my lack of ready access to quotes and my accts, for which I attempt to compensate with a far greater use of limit orders). If you are going to enter a "market on open" type order on a Nasdaq stock, at least try to check "real time quotes" a few minutes before the open to see which way the stock is likely to open. You may want to change your mind. Tom W - -----Original Message----- From: Mulack@aol.com To: canslim@xmission.com Date: Tuesday, June 16, 1998 9:01 AM 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 17:47:09 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] SPY [non-canslim] I tried to post this before but it was held up by Majordomo. The prospectus is in front of me and I qoute: "Portfolio Expense Ratio for year ended 12/31/97: 0.19%" That's less than SPY by a hair. There is a $3000 minmum purchase, $1000 for IRAs and $500 for Education IRAs, and you can request disbursements twice in a 12-month period. You can buy in as many times as you want. Therefore, this fund is definitely NOT for traders. I have had and continue to hold a significant percentage of my 401K in this and other Vanguard Index Trust funds. If you can't beat 'em... At 04:49 PM 6/16/98 -0400, you wrote: >At 12:11 PM 6/16/98 -0700, Steve wrote: >>Spy carries a management fee of about 0.2%. No special rules on trading, can >>be held long or short. > >If I remember correctly, Vanguard's S&P500 fund has an extremely low >expense ratio. They may limit the number of times you can trade in and out >in a year, but 2 or 3 times is probably no problem. Other advantages and >disadvantages of funds vs. SPY as you outlined. > 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 17:48:32 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram--Frank (Part One) Date: Tue, 16 Jun 1998 17:39:33 -0700 (PDT) <> There are ways around this without getting into histograms, which aren't always available. As you say, the weekly MACD is "late", depending on how early you want to be, and here's where the pedal hits the metal as far as timeframe goes. So many investors say they're intermediate-term and that they're "in this for the long haul". But then they begin obsessing on the day-to-day movements of their stocks. Sometimes even hour to hour. They're not being honest with themselves about what kind of investor they want to be (long-term for the kids, a daytrader for the soul). Anyone who wants to take advantage of big moves and avoid being shaken out at every little hiccup should learn how to use both weekly and daily charts. Though I love them, daily charts can almost be like telling time by watching the second hand on the clock. By using both weekly and daily charts in combination with the most basic, simplest, most common technical indicators, the individual investor can finally get a clear and comprehensible picture of just what's going on, and not feel as though he's being tossed around by events over which he has no control. Using Frank's fine example, you'll note that the stochastic leads the MACD somewhat. This is typical because of the way they're measured. This particular sto looks to be slow, though it provides no signal line. Be that as it may, in each instance but one (in the exception, it also leads the MACD, but by a wider margin [July '96]), the sto just barely leads the MACD into a buy signal IF the sto is at or near an oversold level. What this means is that a reversal in the sto need not signal a buy. It must be taken into context. That is, that if the sto is reversing to the upside and the MACD is in a negative downturn, the reversal is most likely a false signal (or at most an opportunity to short what will likely be a brief rally). If the sto still doesn't give you the lead you want, then you go to the daily chart, same timeframe. If the MACD on the weekly is in a strong downward slope but the MACD on the daily is beginning to reverse upward, you may be getting an early signal of a reversal. More likely, however, you're getting a minor hiccup to the upside which will be turned back by the more powerful weekly force. Or, if the weekly MACD is in a strong uptrend and the daily is turning downward, you're probably looking at a nice buying opportunity when the daily reverses itself and begins to turn up again. (see part two) _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 16 Jun 1998 17:58:10 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] OTC Chart w/MACD & Histogram--Frank (Part Two) If the sto still doesn't give you the lead you want, then you go to the daily chart, same timeframe. If the MACD on the weekly is in a strong downward slope but the MACD on the daily is beginning to reverse upward, you may be getting an early signal of a reversal. More likely, however, you're getting a minor hiccup to the upside which will be turned back by the more powerful weekly force. Or, if the weekly MACD is in a strong uptrend and the daily is turning downward, you're probably looking at a nice buying opportunity when the daily reverses itself and begins to turn up again. If you want it even finer than that, try using the daily sto against the daily MACD the same way you used the weekly sto against the weekly MACD above. If you want to pinpoint your entry to the day, try using the ribbon that Connie and I referred to a couple of weeks ago. As the daily EMAs cross upward, you'll get first one, then another, then another (and so on) signal to buy. By the time you get the third or fourth, you can be reasonably certain that momentum is on your side. If the weekly sto and MACD and the daily sto and MACD and the EMAs are all on your side and the stock turns down anyway at that point, you can be reasonably certain that the pullback is purely event-driven or that it's nothing more than a pause before an upmove. So by using the weekly and daily and only two "indicators"--a slow stochastic and a MACD--you can provide yourselves with a substantial leg up over all the other individual investors out there. You can try other indicators as you like and as you become comfortable with all this, but if your house is burning down, these two and basic moving averages are all you really need to take with you. If none of this makes any sense whatsoever, go to bigcharts and print out weekly and daily charts of the same stock, same timeframe, both with a slosto and MACD and line them up. Even without the color cues, you ought to be able to see how all these patterns work together and ultimately work for you. It's really no different from blowing smoke into a wind tunnel in order to see why this car is getting such lousy mileage. In order to understand what's going on, you have to see the patterns. (BTW, when I say "you", I don't mean YOU, Frank.) - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 16 Jun 1998 17:59:18 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] MRVC Up significantly Reacting to news of selling of a major stakeholder, dunno why that would move it up, but nevertheless up 7.5% today on 2+ X ADV. Passes my strictest scan, but the RS must be weak as the "base" if you can call it that is a long slide from 29 to sub-20. Comments? 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 21:20:35 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Buy out (was No such symbol: FFGI( It's history from what I find, last traded 5/28 based on merger agreement with CBT Inc on 3/29. I just escaped today with a profit from a similar mistake on GCABY, all these mergers and acquisitions are hard to keep up with. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; canslim@lists.xmission.com Date: Tuesday, June 16, 1998 12:08 PM Subject: Re: [CANSLIM] No such symbol: FFGI Seems to me FFGI was bought out, but can't remember by who. quicken site has a profile and when looking up SEC filings, they filed a (15-12G) (Notice of Termination of Registration) on 5/29. Regards, Frank Wolynski At 08:48 AM 6/16/98 -0700, Tim Fisher wrote: >How about there is no such symbol: FFGI. At least on Yahoo. > >At 08:39 AM 6/16/98 , you wrote: >>Members-- >> >>Two have said they couldn't get a market on FFGI. >> >>I've just returned to find that my orders were cancelled. The broker >>tells me that the market maker has not opened the stock. The broker >>knows knowing else about the delay. >> >>Sorry to have inconvenienced any other member. >> >>Connie Mack >> >> >>- >> >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >mailto:Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > >- > > - - - - ------------------------------ Date: Tue, 16 Jun 1998 18:22:19 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] MRVC Up significantly <> Don't know what your timeframe is, Tim, but the 200d MA may prove to be formidable resistance (assuming that it gets through the 50d). Are the few points between here and there worth it to you? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 16 Jun 1998 21:30:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] New members (Spamming) Jeff, as part of the "screening" of new member "applicants", could they be invited to: (a) read HTMMIS; (b) post an intro to the group; and "(c) asked to post an intro at the "intros" site?? My latest visit to the intros site shows it's not being updated or added to by new members. Any way of reconfiguring it so that it is menu driven? Would also like to respectfully suggest that the archives site be mentioned to new members as a rich resource, as well as to renew my plea for some talented and willing and dedicated member to step forward and volunteer his unpaid time and effort to establish and maintain a FAQ for this group. Thanks for all the screening and shielding you do, Jeff. It is appreciated just how free this group is of commercial spam. Tom W - -----Original Message----- From: Jeff Salisbury To: canslim@xmission.com Date: Tuesday, June 16, 1998 12:41 PM Subject: Re: [CANSLIM] Spamming >> Subject: Re: [CANSLIM] Spamming >> >> Yeah, he was using the list to get all our emails. Jeff, is the subscriber >> list private? If not, can you make it so? He's doing the same thing as >> ClearStation did, mining our emails from the list, which I take offense to, >> naturally. > >Mr. Hooters is off the list, and I just reconfigured the list to make it >"private" -- that is, every new subscriber will need to be approved before they >are actually added to the group. Mr. Hooters will never mine another email >from our group again... > >As for the letter that Db and others received directly from Mr. Hooters, he >(Hooters) attempted to post the same message to the entire canslim group 3 >times last night. However, before I invited Mr. Hooters back yesterday, I put >some filters in place to keep an eye on him. The filters worked and >intercepted his spams. He's gone... > >Regards, > >Jeff - canslim owner/admin > > >> >> Db: These guys can't help it so once they convince someone they aren't >> running scam they turn around and shoot themselves in the foot anyway. I >> laughed so hard when he claimed to own "Hooters" (national nudie bar chain), >> I almost fell off my chair. >> >> P.S. I am trying to get his domain shut down with Internic as well. Spamming >> violates your domain agreement with them. >> I encourage you to email complaints@internic.net and ask that ionline.net >> have their domain revoked due to spamming. Cc: kpr@IONLINE.NET - that is >> their offical contact address. >> >> At 06:35 AM 6/16/98 -0700, you 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 > >- > - - ------------------------------ Date: Tue, 16 Jun 1998 22:01:57 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] MRVC Up significantly I think you left the "ment" out of your use of "base". :-) New lows, 200day MOV, 50day MOV, 20day MOV, 3,7,10 all pointing down. OBV in a downtrend. The perfect Anti-Canslim! What kind of scan made this one pop up? Frank Wolynski (As if I knew something!) At 17:59 6/16/98 -0700, Tim Fisher wrote: >Reacting to news of selling of a major stakeholder, dunno why that would >move it up, but nevertheless up 7.5% today on 2+ X ADV. Passes my strictest >scan, but the RS must be weak as the "base" if you can call it that is a >long slide from 29 to sub-20. Comments? > >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 21:44:36 -0400 From: "Tom Worley" Subject: [CANSLIM] Latin American mkts/global noise Worth noting for those following/interested in the oils group that Venezuela collapsed again today, down 374 pts (6.88%) to a new 12 month low of 5070.12 (old one was 5413, so they cleaned that one out pretty good). This is about 1000 pts lost in less than a week, and 2000 pts in less than a month. Some of the other LA mkts haven't done much better. Despite a reversal in the dollar/yen (in favor of the dollar) in the past hour or so, Asia showing the first attempt at a regional rally in some time. Worth watching to see if it holds. Tom W - - ------------------------------ Date: Tue, 16 Jun 1998 21:45:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Connie Mack on DB Darn, db, you make it hard to stay annoyed!! Tom W - -----Original Message----- From: dbphoenix To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 2:17 PM Subject: Re: [CANSLIM] Re: Connie Mack on DB > >< >Am I going to have to spank you again. > >Connie Mack>> > >Beat me, hurt me, call me Helen, but tell me that you love me :) > >--Db *smooch* > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ Date: Tue, 16 Jun 1998 19:18:23 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] MRVC Up significantly Did't make any judgements, just reporting the facts and asking for comments. Let's try and phrase them as comments from here on out, OK? At 06:22 PM 6/16/98 -0700, you wrote: ><would >move it up, but nevertheless up 7.5% today on 2+ X ADV. Passes my >strictest >scan, but the RS must be weak as the "base" if you can call it that is a >long slide from 29 to sub-20. Comments?>> > >Don't know what your timeframe is, Tim, but the 200d MA may prove to >be formidable resistance (assuming that it gets through the 50d). Are >the few points between here and there worth it to you? > >--Db > 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 19:24:47 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] MRVC Up significantly The scan was that which I refined based on HTMMIS' CASLI + Db's refinements since. More "comments" like that one and I'll keep all my future research to myself. Furthermore you will find a high EPS /middlin' RS on this stock so the term "perfect anti-CANSLIM" should be reserved for those jewels too often mentioned here such as AMZN with EPS in the toilet. Oh yeah, and where does HTMMIS mention 200 dma, OBV, etc? Or did I skip that chapter? Finally my comment was "base if you can call it that" "Nuff said. No wonder newbies drop off this list like flies after I spray Raid in the kennel. At 10:01 PM 6/16/98 -0400, you wrote: >I think you left the "ment" out of your use of "base". :-) > >New lows, 200day MOV, 50day MOV, 20day MOV, 3,7,10 all pointing down. >OBV in a downtrend. >The perfect Anti-Canslim! > >What kind of scan made this one pop up? > >Frank Wolynski >(As if I knew something!) > >At 17:59 6/16/98 -0700, Tim Fisher wrote: >>Reacting to news of selling of a major stakeholder, dunno why that would >>move it up, but nevertheless up 7.5% today on 2+ X ADV. Passes my strictest >>scan, but the RS must be weak as the "base" if you can call it that is a >>long slide from 29 to sub-20. Comments? >> 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 21:26:51 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Not CANSLIM (AMZN--Shorts, Eat My) >> Another alternative is selling short some in-the-money calls. << I may be wrong but don't you mean selling uncovered calls? I never heard of shorting calls? I guess it's the same thing? Sorry, I was out in the sun a little too long today (G). Bob P.S. Why would you want them to be in the money? - - ------------------------------ Date: Tue, 16 Jun 1998 21:26:50 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: [CANSLIM] Non Canslim /Dr. Elders >> Do you know what values he uses for the slow stochastics? << He uses a 5 day value for shorter term (pg.159 figure 30-2). If you want to use it as a stand alone he recommends bigger values. I get the impression that the longer the better to catch the major turns. His book is really futures based even though he won't admit it . I think that's why he talks more shorter term then long. He is a psychiatrist which is why he talks about the psychology of it all. Bob P.S. He says the slope of the 13 week _E_ Moving average can be used instead of the weekly MACD. One of the best things I learned from him was to fade the finger. Do you know what a finger is? I look for it on every chart I look at. - - ------------------------------ Date: Tue, 16 Jun 1998 22:38:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MRVC Up significantly News of an "insider" selling usually presages the actual event. By the time the news is out, the selling pressure damage is already done, and the "news" suggests the selling pressure is now off the stock, hence a rally, however short lived. It's important to not confuse "insiders" with large position investors, tho. Their current knowledge, and their reason(s) for selling, can differ widely. Don't know which is which here, you'll have to do the homework. Tom W - -----Original Message----- From: dbphoenix To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 9:19 PM Subject: Re: [CANSLIM] MRVC Up significantly ><would >move it up, but nevertheless up 7.5% today on 2+ X ADV. Passes my >strictest >scan, but the RS must be weak as the "base" if you can call it that is a >long slide from 29 to sub-20. Comments?>> > >Don't know what your timeframe is, Tim, but the 200d MA may prove to >be formidable resistance (assuming that it gets through the 50d). Are >the few points between here and there worth it to you? > >--Db > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ Date: Tue, 16 Jun 1998 22:49:16 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] MRVC Up significantly I apologize for offending you Tim. Didn't mean to, but certainly see how I did! I did take the time to look up the EPS and found it in the high 90's, but didn't take the time to realize how poorly my illconceived attempt at humor would be trasmitted. This is not the place for that sort of thing. I'll refrain in the future. Years ago, I used Metastock and a 3rd party product called TAS, Technical Analysis Scanner. I had directories (folders) full of canslim stocks and I ran scans based on almost every derivation of moving averages/obv etc.. I could find and dream up. Two years of research found the highest RS tended to maintain their high RS and outperform, plain and simple. I was just curious if your scan was of a similar nature. I believe HTMMIS does refer to moving averages, but I get your point. I'll now say goodbye and spend the rest of the evening trying to get this foot out of my mouth. Frank Wolynski At 19:24 6/16/98 -0700, Tim Fisher wrote: >The scan was that which I refined based on HTMMIS' CASLI + Db's refinements >since. More "comments" like that one and I'll keep all my future research to >myself. Furthermore you will find a high EPS /middlin' RS on this stock so >the term "perfect anti-CANSLIM" should be reserved for those jewels too >often mentioned here such as AMZN with EPS in the toilet. >Oh yeah, and where does HTMMIS mention 200 dma, OBV, etc? Or did I skip that >chapter? Finally my comment was "base if you can call it that" "Nuff said. >No wonder newbies drop off this list like flies after I spray Raid in the >kennel. > >At 10:01 PM 6/16/98 -0400, you wrote: >>I think you left the "ment" out of your use of "base". :-) >> >>New lows, 200day MOV, 50day MOV, 20day MOV, 3,7,10 all pointing down. >>OBV in a downtrend. >>The perfect Anti-Canslim! >> >>What kind of scan made this one pop up? >> >>Frank Wolynski >>(As if I knew something!) >> >>At 17:59 6/16/98 -0700, Tim Fisher wrote: >>>Reacting to news of selling of a major stakeholder, dunno why that would >>>move it up, but nevertheless up 7.5% today on 2+ X ADV. Passes my strictest >>>scan, but the RS must be weak as the "base" if you can call it that is a >>>long slide from 29 to sub-20. Comments? >>> >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > - - ------------------------------ End of canslim-digest V2 #288 ***************************** 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.