From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #290 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 Thursday, June 18 1998 Volume 02 : Number 290 In this issue: Re: Uselessness of DJIA (Was: Re: [CANSLIM] The NAZ ) [CANSLIM] Institutional sponsorship? [CANSLIM] free real time.com Re: [CANSLIM] MRVC EPS/RS--Tim and Thomas Re: [CANSLIM] free real time.com Re: [CANSLIM] Ian Woodward and Telescan Re: [CANSLIM] Combining Canslim and Dr. Elders Re: [CANSLIM] Combining Canslim and Dr. Elders Re: [CANSLIM] Spammers getting email addresses from archives? Re: [CANSLIM] On the Yen Re: [CANSLIM] MRVC EPS/RS--Tim and Thomas Re: [CANSLIM] OBV/MF [Connie ] Re: [CANSLIM] OBV/MF [Connie ] Re: [CANSLIM] Institutional sponsorship? Re: [CANSLIM] free real time.com Re: [CANSLIM] OBV/MF [Connie ] [CANSLIM] US Intervention on the yen - not CANSLIM Re: [CANSLIM] On the Yen [CANSLIM] Active Groups today Re: [CANSLIM] Institutional sponsorship? [CANSLIM] Intro-Christopher Flann [CANSLIM] For Connie: Red X Blue vs Volume Re: [CANSLIM] For Connie: Red X Blue vs Volume Re: [CANSLIM] Intro-Christopher Flann [CANSLIM] "N": THRX Re: [CANSLIM] Here's a stab at a Telescan search for Weekend Review candidates ---------------------------------------------------------------------- Date: Wed, 17 Jun 1998 14:47:01 -0500 From: Bill Daniels Subject: Re: Uselessness of DJIA (Was: Re: [CANSLIM] The NAZ ) Check out www.amex.com for a description of SPY and MDY. These instruments trade like stocks but represent a portfolio of stocks matching the S&P 500 and Mid-Cap indices. SPY is almost always the most active on the AMEX. bd Patrick Wahl wrote: > > Date: Tue, 16 Jun 1998 10:48:02 -0700 > > To: canslim@lists.xmission.com > > From: "James B. Andrews" > > > Question,, Is there a trading vehicle(a way) to buy and sell any of the > > indexes >without< getting into futures??? That can be done through a stock > > broker and not a commodities broker??? > > You can buy options on futures, which are lower risk, and I know the > OEX has options, they are usually the most active. The S&P 500 also > has options, although less active. About the smaller indices I don't > know. > > - - - ------------------------------ Date: Wed, 17 Jun 1998 15:58:48 EDT From: Subject: [CANSLIM] Institutional sponsorship? Hello members, I am researching a stock and am trying to find out which institutions hold or sold a position on a stock. If anyone can help thanks ahead, Frank - - ------------------------------ Date: Wed, 17 Jun 1998 16:02:01 EDT From: Subject: [CANSLIM] free real time.com Hello again, On the free real time quotes site one can get real time quotes. Does anyone know how many shares the ( ) represent for the bid and ask. example BID $20 (10) Ask $20 1/4 (5) Again thanks ahead, Frank - - ------------------------------ Date: Wed, 17 Jun 1998 13:21:29 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] MRVC EPS/RS--Tim and Thomas <> Excellent! <> While I hope you remain a part of the group for a good long while, I'd like to point out that in order to know whether the post is relevant to me or not, I have to read it. Having read it, I may comment on it, given the fact that it's public. If anyone doesn't want anyone else to comment on his or her post, he or she shouldn't post it to the entire group but rather to the particular recipient of the post (as Tim did to me). Makes sense, doesn't it? :) - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 17 Jun 1998 22:23:21 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] free real time.com In the prog I use it is x100. So Bid size:10 would be 10x100=1000 shares. Same for Ask size. At 04:02 PM 17-06-98 EDT, you wrote: >Hello again, > >On the free real time quotes site one can get real time quotes. Does anyone >know how many shares the ( ) represent for the bid and ask. > > example BID $20 (10) Ask $20 1/4 (5) > > >Again thanks ahead, > >Frank > >- > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Wed, 17 Jun 98 16:20:07 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Ian Woodward and Telescan Johan, Last fall I went through the same problems dealing with Telescan - one of the reasons that I dumped them. Nevertheless, I was able to get the video you want, along with the HGS booklet: I gave up on the emails, and called Telescan customer service directly to order the material. Got it all in the mail the same week. Caveats: as mentioned I was a Telescan customer at the time, and they did want my membership number. As well, the video and booklet are both entitled "TELESCAN PRESENTS : In Search of Profitable HGS" I also know that Telescan has been the sponsor of past seminars of his. The business relationship may be closer than suspected. Best of luck with your shopping, Walter Stock (yes, that really is my last name) Oakville, ONT - Canada - ---------- > < in a > while to read the forum at http://nt-chat0.telescan.com:8080/gotomenu>> > > You're right, Johan. I forgot. And "Eileen" doesn't know what she's > talking about (I don't think Woodward would be pleased). Of COURSE > non-Telescan customers can buy his products. They don't have a lock > on him. > > I'm not real clear on the relationship between Woodward and Telescan. = > I assume he's an associate rather than an employee. But all this > stuff is his, not Telescan's. I assume he uses Telescan because, at > the time, WOWS wasn't around and Telescan was the only game in town > for fundie screening. > > Now, of course, there are all sorts of places to do fundie screening, > but all these people are Telescan users and a body which is at rest, > etc., etc. > > You will also find that the website is practically a ghost town > compared to the traffic the AOL site did. This may be due to AOLers > having so much more trouble navigating the web than everyone else. > But having a web address also cuts down the "chat" aspect of the forum. > > In any case, I transferred a lot of the old stuff to a Word file when > I first became aware of HGS. If you're interested, I'll send it to > you. It's a big file, though. > > --Db > > > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > - - ------------------------------ Date: Wed, 17 Jun 98 17:04:51 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Combining Canslim and Dr. Elders Next to HTMMIS, Dr Elders' book and his Study Guide are the most interesting trading material that I have read. I have very recently tried applying his Triple Screen to a small group of Canslim stocks (in a non-scientific way so far), just to see what would happen, and only on paper. Mixed results, but this probably has more to do with recent "M" than anything else. Question to Robert, or anyone else : Has anyone in our group tried the Triple Screen method ? With or without Canslim, what was your experience with it? Would be very grateful for any help on this Walter Stock (yes, that really is my last name) Oakville, ONT - Canada - ---------- > >> I'm hooked and you can reel me in. What is the finger? << > > In Candles it would be a hammer or a hanging man. It's when the long = term > trend is up (define that anyway you want) but the stock has been correc= ting > in the shorter term. All of a sudden the bears can't keep the stock dow= n > they sell it off but the bulls come in & buy it back. Picture that the > stock opened > at 79, sold off to 77.00 but came back to close @78.750. The bears can'= t > keep the stock down. Yesterdays action on PHSYA was that example. The = odds > say today will be an up day for the stock. Remember your mileage will = vary > (G). Anyway, he trades them in the futures market regularly. > > Bob > > P.S. You would look for the opposite on stocks in a down trend > > - > > - - ------------------------------ Date: Wed, 17 Jun 1998 18:59:07 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Combining Canslim and Dr. Elders >> Has anyone in our group tried the Triple Screen method ? With or without Canslim, what was your experience with it? << I did a while ago & still use a modified version. I had trouble with how short the time frames were. I think it makes a lot of sense but I use BB's on a weekly chart. The rubber band effect with a buy stop. Most of the "Systems" are the same as it relates to a trend following system. The only thing that changes is the indicators or the triggers as to when to buy or sell. Crossing moving average, SloStoch, MACD, Parabolic, RSI, etc.etc.etc. Bob P.S. When the market is up _Everything_ works great. - - ------------------------------ Date: Wed, 17 Jun 1998 21:37:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Spammers getting email addresses from archives? Don't know how secure it might make it, but would a password (assigned when someone joins the group) to access the archives make it difficult enough to turn aside any "miner" of our email addresses? Tom W - -----Original Message----- From: Jeff Salisbury To: dfcameron@ameritech.net Cc: canslim@xmission.com Date: Wednesday, June 17, 1998 1:03 PM Subject: [CANSLIM] Spammers getting email addresses from archives? > I don't know of any easy way to provide "browseable" archives to the group, >and at the same time restrict access to potential spammers. However, here are >some consolations: > >1. Most spammers aren't going to take the time to find the archives and then >extract the emails. > >2. I have had several organizations ask me if they can archive our discussions >at their site. I have refused their requests and will continue to do so. > Also, you will notice a special header in every canslim message you get: > > "X-No-Archive: yes" > >This is an industry accepted header that will prevent any ethical archiver from >archiving canslim without my permission. > >If at some point in the future we discover a spammer has been mining our >archives, I would consider cutting off access to the archives. > >I am open to any suggestions from the group... > >Jeff - canslim owner/admin > >- > - - ------------------------------ Date: Wed, 17 Jun 1998 21:30:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] On the Yen Chuck, I'm operating in a virtual vacuum here, been so busy all I was able to do today was confirm that the US intervened. Missed all the news stories. I will be real interested in what kind of a deal Slick Willy or the Treasury cut with Japan, hopefully one more rational than their dealings with China. If the US intervened without solid agreement on fundamental changes by Japan, including opening the trade barrier to imports from US corps, then I expect it will ultimately be a disaster, meaningless for any true recovery, and just cost taxpayers billions. And ultimately the dollar/yen will go back up, and devaluation will again become likely. And I can't say I'm surprised at the absence of the rest to the G-7 nations. I also suspect Clinton, State and Treasury have been under extreme pressure from major corps whose exports are being hurt both by the strong dollar worldwide as well as the economic weakness in Asia. Let's not forget where the bulk of political contributions come from, nor who has access to Bill's private number (aside from all the female interns, that is). If this turns out to be a purely political gesture, then ultimately I expect the yen to end up even weaker, as true economic conditions in Japan worsen. Tom W - -----Original Message----- From: Charles Morgan To: canslim@lists.xmission.com Date: Wednesday, June 17, 1998 12:44 PM Subject: Re: [CANSLIM] On the Yen >Tom, > >You answered my question before I asked. I don't like the idea of my >government filling the treasury with yen instead of dollars(especially >with no other countries involved). I am waiting to see, when the >yen/dollar level off, if some of the big money will try to test the >conviction of the central banks. >Also, it makes me happy that Japan will enact the reforms necessary to >end their recession. They have only been doing it for the last seven >years. But to quote our illustrious leader Bill Clinton, "if they don't, >we will hold their feet to the fire." >Yea, right! > >I think the market will be a little rough for a few days because of this >band-aid. But that is just a guess. > >Chuck > >>From: "Tom Worley" >>To: "CANSLIM" >>Subject: [CANSLIM] On the Yen >>Date: Tue, 16 Jun 1998 22:04:03 -0400 >>Reply-To: canslim@lists.xmission.com >> >>More jawboning today, Bank of Japan threatens intervention (a faster >>route to hari kari than letting the mkt do it for them) while the US >>Treasury Dept talks of "concern" over the collapse of the value of the >>yen, and "considers" sending a "deputy Treasury Secretary" to Tokyo >>for talks, yet repeats that there are times when supporting the yen or >>not supporting the yen may vary in value or priority or importance. >>Sure, I'd want to sell my strong USD denominated bonds yielding even >>now 5% or better in favor of buying yen which are supported by >>unstable govt bonds yielding about 1%. Can we all say, together, >>"bottom fishing"??? >> >>The key will remain either fundamental change in Japan, or a concerted >>and unified effort by a number of members of G7 (e.g. not just Japan >>by themselves) to support the yen. >> >>Tom W >> - - ------------------------------ Date: Wed, 17 Jun 1998 21:39:26 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] MRVC EPS/RS--Tim and Thomas dbphoenix wrote: > While I hope you remain a part of the group for a good long while, I'd > like to point out that in order to know whether the post is relevant > to me or not, I have to read it. Having read it, I may comment on it, > given the fact that it's public. If anyone doesn't want anyone else > to comment on his or her post, he or she shouldn't post it to the > entire group but rather to the particular recipient of the post (as > Tim did to me). Makes sense, doesn't it? :) We do NOT disagree. We all need to remember the fine line between Commenting on what someone was talking about vs nit picking exactly what they said. When I comment to lists like this I try to treat what I read as a verbal dialogue (with 800 people listening). thinking of it that way will have us all tend to be a little more forgiving in our reply comments... The Horse is DEAD. I'm going to put down club. - -- Thomas A. Moulton, W2VY http://www.xanthus.net/w2vy - - ------------------------------ Date: Wed, 17 Jun 1998 21:40:35 -0400 From: phyllis robinson Subject: Re: [CANSLIM] OBV/MF [Connie ] Hi connie, I looked at AMES- is that how a good slow sto should look? I also entered the 3 line ema 3/7/10? What exactly am I looking for on the 3 line ema? Thanks, phyllis Connie Mack Rea wrote: > Members-- > > This morning I am buying INFM, MSX, NOVL, SPEH, IDXX, KVA, and RPC. > > Connie Mack > > - - - ------------------------------ Date: Wed, 17 Jun 1998 21:42:15 -0400 From: phyllis robinson Subject: Re: [CANSLIM] OBV/MF [Connie ] Also Connie, FINL- is that how slo sto should look? Connie Mack Rea wrote: > Members-- > > This morning I am buying INFM, MSX, NOVL, SPEH, IDXX, KVA, and RPC. > > Connie Mack > > - - - ------------------------------ Date: Wed, 17 Jun 1998 21:49:45 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Institutional sponsorship? Frank, you can check out Edgar at the SEC.gov site, altho it will only show filings by holders of 5% or more. Otherwise, I don't know of a site that would give you the breakdown of specific institutional type holders by name. IBD and some other sources do give regular reports on some of the mutual funds which show their largest holdings, but that's pretty hit or miss. If you're only trying to figure this out on one specific company, the simplest and fastest is call the company. Many corps keep track of their shareholder holdings, some will answer this type of question (altho they won't give you quantity), some will not answer. Another option is to request the latest annual report. Specifically ask for any documents or reports that show the largest holdings by officers, directors and other minority (over 5%) holders. Tom W - -----Original Message----- From: Mulack@aol.com To: canslim@xmission.com Date: Wednesday, June 17, 1998 3:58 PM Subject: [CANSLIM] Institutional sponsorship? >Hello members, > >I am researching a stock and am trying to find out which institutions hold or >sold a position on a stock. > >If anyone can help thanks ahead, > >Frank > >- > - - ------------------------------ Date: Wed, 17 Jun 1998 21:51:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] free real time.com Johan was correct in his response. Just as on the CNN moving ticker tape, each unit represents a lot of 100 shares. Tom W - -----Original Message----- From: Mulack@aol.com To: canslim@xmission.com Date: Wednesday, June 17, 1998 3:59 PM Subject: [CANSLIM] free real time.com >Hello again, > >On the free real time quotes site one can get real time quotes. Does anyone >know how many shares the ( ) represent for the bid and ask. > > example BID $20 (10) Ask $20 1/4 (5) > > >Again thanks ahead, > >Frank > >- > - - ------------------------------ Date: Wed, 17 Jun 1998 22:12:02 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] OBV/MF [Connie ] Phyllis-- You're right about the SloSto. When the blue crosses upward through the red, that is a buy; reverse is a sell. The 3-line crossing upward through the 7-line is a first level buy; the 3-line through the 7-line is a second level buy; the 7-line through the 10-line is the third level buy. The first level buy is about as an aggressive buy as anyone would want; the second is less so; the third still less. You're right about FINL also; it is giving a SloSto buy signal. Hope this helps. Connie Mack phyllis robinson wrote: > Hi connie, I looked at AMES- is that how a good slow sto should look? I > also entered the 3 line ema 3/7/10? What exactly am I looking for on the > 3 line ema? > Thanks, phyllis > > Connie Mack Rea wrote: > > > Members-- > > > > This morning I am buying INFM, MSX, NOVL, SPEH, IDXX, KVA, and RPC. > > > > Connie Mack > > > > - > > - - - ------------------------------ Date: Wed, 17 Jun 1998 22:35:44 -0400 From: "Tom Worley" Subject: [CANSLIM] US Intervention on the yen - not CANSLIM As of 10:30 PM EDT, Japan is up over 4%, and at that level, is still being beaten out by percentage gainers in six other Asian markets. Wish futures were doing better than barely breaking even. Flash in the pan? Dead cat bounce? Only time will tell. Worth noting that the yen is now weakening, slightly down against the dollar, and still about 7 yen to the dollar higher than were the FX traders last feared intervention. Don't recall where it was trading last fall when the "Asian flu" first became big news and started to move the mkt, but right now it's still about 20 or so yen higher than where it was just a few months ago. Had you sold dollars for yen then, you would still be upside down by a wide margin. Tom W - - ------------------------------ Date: Wed, 17 Jun 1998 22:45:00 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] On the Yen I've read on other forums that there has been criticism cited in many SE Asia papers, including China's, regarding the lack of US action regarding the weakening Yen. This action may have also been in response to some of that criticism. I have a feeling the markets will sort this out in a matter of days. Meanwhile some interesting group action in regards to the intervention. Working it up in another post for later tonight. Frank Wolynski At 21:30 6/17/98 -0400, Tom Worley wrote: >Chuck, I'm operating in a virtual vacuum here, been so busy all I was >able to do today was confirm that the US intervened. Missed all the >news stories. I will be real interested in what kind of a deal Slick >Willy or the Treasury cut with Japan, hopefully one more rational than >their dealings with China. If the US intervened without solid >agreement on fundamental changes by Japan, including opening the trade >barrier to imports from US corps, then I expect it will ultimately be >a disaster, meaningless for any true recovery, and just cost taxpayers >billions. And ultimately the dollar/yen will go back up, and >devaluation will again become likely. And I can't say I'm surprised at >the absence of the rest to the G-7 nations. > >I also suspect Clinton, State and Treasury have been under extreme >pressure from major corps whose exports are being hurt both by the >strong dollar worldwide as well as the economic weakness in Asia. >Let's not forget where the bulk of political contributions come from, >nor who has access to Bill's private number (aside from all the female >interns, that is). > >If this turns out to be a purely political gesture, then ultimately I >expect the yen to end up even weaker, as true economic conditions in >Japan worsen. > >Tom W > >-----Original Message----- >From: Charles Morgan >To: canslim@lists.xmission.com >Date: Wednesday, June 17, 1998 12:44 PM >Subject: Re: [CANSLIM] On the Yen > > >>Tom, >> >>You answered my question before I asked. I don't like the idea of my >>government filling the treasury with yen instead of >dollars(especially >>with no other countries involved). I am waiting to see, when the >>yen/dollar level off, if some of the big money will try to test the >>conviction of the central banks. >>Also, it makes me happy that Japan will enact the reforms necessary >to >>end their recession. They have only been doing it for the last seven >>years. But to quote our illustrious leader Bill Clinton, "if they >don't, >>we will hold their feet to the fire." >>Yea, right! >> >>I think the market will be a little rough for a few days because of >this >>band-aid. But that is just a guess. >> >>Chuck >> >>>From: "Tom Worley" >>>To: "CANSLIM" >>>Subject: [CANSLIM] On the Yen >>>Date: Tue, 16 Jun 1998 22:04:03 -0400 >>>Reply-To: canslim@lists.xmission.com >>> >>>More jawboning today, Bank of Japan threatens intervention (a faster >>>route to hari kari than letting the mkt do it for them) while the US >>>Treasury Dept talks of "concern" over the collapse of the value of >the >>>yen, and "considers" sending a "deputy Treasury Secretary" to Tokyo >>>for talks, yet repeats that there are times when supporting the yen >or >>>not supporting the yen may vary in value or priority or importance. >>>Sure, I'd want to sell my strong USD denominated bonds yielding even >>>now 5% or better in favor of buying yen which are supported by >>>unstable govt bonds yielding about 1%. Can we all say, together, >>>"bottom fishing"??? >>> >>>The key will remain either fundamental change in Japan, or a >concerted >>>and unified effort by a number of members of G7 (e.g. not just Japan >>>by themselves) to support the yen. >>> >>>Tom W >>> > > > >- > > - - ------------------------------ Date: Wed, 17 Jun 1998 23:02:51 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Active Groups today The best group action (according to my database of stocks), came from Finance-Publ Inv Fund-Foreign. Up over 5%. Not surprising given the intervention to support the Yen and the bounce in European stocks today. Next Best at over 5% also, was Retail-Consumer Elect. Then, Internet, Elec-Lasers, Comp Software Med, and Advertising all at 4% or slightly better. Auto Mfrs-Foreign topped the 3% gainers. Interesting charts in the Financial Services-Misc group. Had a 147% volume day to the upside. All in all 88 groups put in 2% or better. Worst down was Containers-Paper/Plastic, then Elec Semi Equip. Only 19 groups had negative moves today. Not predicting a turn around at this point. My weekly readings are still horrible, but just pointing out some interesting moves. My database does not contain all stocks in all groups. I typically restrict the stocks to decent EPS. My mileage will vary with yours if you are doing something similar. It will also not agree with the group tables in the IBD. Frank Wolynski - - ------------------------------ Date: Wed, 17 Jun 1998 21:36:19 PDT From: "Charles Morgan" Subject: Re: [CANSLIM] Institutional sponsorship? Frank, You can also find holders of stock (5% or more) at Yahoo Finance ( http://quote.yahoo.com/?u ). Just type in stock symbol, then when the price comes up, click on insiders. Chuck >From: >Date: Wed, 17 Jun 1998 15:58:48 EDT >To: canslim@xmission.com >Subject: [CANSLIM] Institutional sponsorship? >Reply-To: canslim@lists.xmission.com > >Hello members, > >I am researching a stock and am trying to find out which institutions hold or >sold a position on a stock. > >If anyone can help thanks ahead, > >Frank > >- > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Wed, 17 Jun 1998 22:54:22 -0600 From: "Christopher J. Flann" Subject: [CANSLIM] Intro-Christopher Flann Back in 1988 when I started at the grand old age of 31 my first job as a college professor, I was offered a retirement plan with TIAA-CREF or the state system. Because I didn't know how long I would do anything, I took the TIAA-CREF plan and selected all stocks for my investment. In 6 months I was hooked. After 5 years, I figured I'd given enough at the office, and it was time to move on yet remain in the Last Best Place. Montana isn't exactly booming-and I've served my time in the metropolis, so I copped out and pursued the last resort of scoundrels, law school. So as my chemistry friends say, I am no longer part of the solution, as an attorney, I'm part of the problem. Taking my retirement into a self directed IRA with one of the earliest cheapest odd lot brokers, Kennedy Cabot (any body remember them?), I was determined to do better than dart throwing monkeys. So, I've read everything at least once. NIAC and Peter Lynch were the starting point of my journey, Vic Speradano (Sp - I don't have my books in front of me now) a way point with, of course, O' Neil a landmark to return to many times to continue to navigate from. What have I learned along the way? Well, perception can be reality in the stock market. Sometimes psychology is far more important than fundamental value. Insiders often do know more. If they vote with their dollars, they are worth listening to. A good turnaround is hard to beat. The California banks of which I bought many back when the bubble had burst made me a lot. The savings and loan crisis was very, very good to me. This path then, is a little dangerous to talk about in this group because I am not "pure" CANSLIM. Yep, we should have current earnings. But what about annual? Sure Cisco is great, but what about those companies just starting to turn around or bringing a new product to market. I made a fortune on MTIC. Around about the time IBD featured it in New America @ 13, I was thinking of selling having averaged up from 2.5! (insider buying and turnaround). Yep, lets bring on the new, I'm all for it. Shares, no more than 60M, better 30. I'll buy with 2M if the spread's OK. I don't care what MSFT has done, I don't want to keep company with one billion others and 200 analysts. Leaders are where its at. Ever since the red dress analogy, I've not been scared about buying at today's top. And, averaging up is a lot more fun than down. But what about laggards? A company that is just yesterday's story like Boston Chicken ain't worth a dime. Yet market psychology can make some companies a good bargain. Let's not be closed minded about this. Institutions, I love em! My goal has always been to find something only owned by individuals, banks and the Dimensional fund and sell it to latest mutual fund manager who just left Wharton. It is in this area, I believe, you can make the most. Market inefficiency, I embrace you, I love you, let me count the ways. It's his fault. Peter Lynch with his talk of ten stocks, one "ten-bagger", three @ 20 %, four that do little or nothing, one down and one to zero that got me started. Screw the indexes. What will I ever learn by taking no risk? And a "ten-bagger," isn't that easier if I start with a "good" stock under $15? So forewarned is forearmed, no mid-cap recommendations from me. DOW, I know yee not. Market, sure it accounts for a lot. But I don't invest in the market. I buy companies, through stocks. Something's always going up, even in a down market. But there again, I haven't bought much recently either. Now the acid test, what about EGPT, SOFT, IATA and MWDS? None are pure CANSLIM, but maybe worth a look. Sorry, it took so long, but with M taking out so many, I thought a few may have more time to read. Christopher J. Flann cjflann@imt.net Montanta. The Last Best Place. - - ------------------------------ Date: Thu, 18 Jun 1998 00:15:16 -0700 (PDT) From: Tannis Malone Subject: [CANSLIM] For Connie: Red X Blue vs Volume Although I didn't ask the original question, thank you for your clarification of the buy when the blue line crosses upward through the red with Slo-Sto. I've looked at several graphs this evening and am getting an idea of what you mean. I've been trying to tell if the angle at which blue crosses red is significant. What do you think? One more question please, I've noticed that pretty much, the CANSLIM spurt in volume does not coincide with the Slo-Sto buy signal (looks like Slo-Sto is earlier and not always followed by the increase in volume). Would you mind correlating, contrasting, or relating Slo-Sto buy and the O'Neil volume increase if I haven't asked too many questions for one post? _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 18 Jun 1998 05:10:44 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] For Connie: Red X Blue vs Volume Tannis-- Not too many questions at all. First, in case you're a new member, I'm primarily a trader--a day trader and a swing trader. I say this only to make you aware that stocks that I occasionally post are most often not CS stocks. I try to keep up with all the stocks that members are looking at and run them through my OBV/MF screens. In so doing, I am hoping to find the conjunction of my indicators and CS's. I find that the conjunction of indicators implies a further strength. In the past I have discussed my own EMA buy indicators as an aid for entry and exit of stocks. Too, my early discussion and use of MACD and Stochastics for entry and exit seems now to be well understood and commonly used with CS criteria. Second, to your questions. [[1] Angle of inclination or declination. Generally, the angle of interception in a stochastic or MACD [and several other indicators] may allow for some inference about the quality and the speed of result that the indicator measures. When the indicator has two or more lines, if there were an ideal intersection, it would be that both lines are in inclination. If one line were inclining and the other declining, this would hint, and only hint, that the indicator was not yet fully resolved, i.e., whatever is being measured has a counter action still at work. I sometimes anticipate that when one indicator line is inclined that the second will follow--a dangerous presumption unless you're familiar with that indicator and can watch the stock every minute. The caveat for reading inclination and declination is that rarely are charts from different software set to the same increments of measurement. Too, going from a weekly to a daily to an intraday chart will change angles enormously. Lastly, unless you're doing some pretty sophisticated stuff, angle measurements are more aesthetic than informing. [2] Volume and SloSto. I pay little attention to volume other than in my OBV indicator. I look at the Volume+ in BigCharts in certain circumstances. E.g., I am as much aware of cup and handle patterns as are members and, because I like to get in and out of stock before CS gives a confirmation, I may check to see if there is anything aberrant in the volume. Volume+ and OBV are useful for reading double bottoms and tops and head and shoulders; however, most of my concern for volume is how it looks on intraday charts. That you noticed SloSto precedes the "Canslim spurt in volume" may be a useful observation. Let me confess, again, that 90% of the members know more about CS than I do. Members teach me about CS. I am the student. I do not know how to evaluate your observation; perhaps you have a chance to educate all of us. Thank you for your questions. Please write anytime. Connie Mack > - - ------------------------------ Date: Thu, 18 Jun 1998 06:40:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Intro-Christopher Flann Welcome to the group, Christopher. I look forward to your contributions as I am addicted to the small and micro caps, usually ones just hitting new highs. Tom W - -----Original Message----- From: Christopher J. Flann To: Post to Canslim Date: Thursday, June 18, 1998 12:52 AM Subject: [CANSLIM] Intro-Christopher Flann >Back in 1988 when I started at the grand old age of 31 my first job as a >college professor, I was offered a retirement plan with TIAA-CREF or the >state >system. Because I didn't know how long I would do anything, I took the >TIAA-CREF plan and selected all stocks for my investment. In 6 months I was >hooked - - ------------------------------ Date: Thu, 18 Jun 1998 06:30:41 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] "N": THRX Here's something I found this morning. Would love to get back in this one. Maybe this is the bit of news it needs to goose it back to the 52-wk high. It seems to be meeting some strong resistance at 25-26... >Theragenics Corp (NASDAQ:THRX) > > NORCROSS, Ga.--(BUSINESS WIRE)--June 18, 1998--Theragenics Corp. >(NASDAQ:THRX), the Atlanta-based cancer treatment producer, today >announced that in the June 13, 1998 meeting of the Board of >Directors, Christine Jacobs was named Chairman succeeding Charles >Klimkowski. Klimkowski served as Chairman since 1994 and will >remain on the board as a director. > Upon assuming her new position Jacobs thanked Klimkowski for >his dedication and leadership over the past 4 years. Jacobs went on >to say, "Charles has greatly contributed to the success of >Theragenics during his term as Chairman. His decision to remain on >the board as a director and make his experience available to me will >be a benefit as I help usher the Company into its next phase of >growth." Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 18 Jun 1998 06:52:00 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Here's a stab at a Telescan search for Weekend Review candidates At 09:23 PM 6/16/98 -0600, you wrote: > >Here is a close emulation of the Weekend Review after today's market >close.Hope the formatting transfers ok. The criteria I had Telescan search >for were : Stock Price >$8, EPS Rank > than 70, RS > 70 (mistakenly deleted >the column for RS, but will include it the next time I post), EPS has >increased at least 2 of the last 4 quarters, EPS percent change last quarter >was greater than 25%, Stock price more than 80% of it's 52 week high, Return >on equity >12%, daily volume >20,000 shares, and todays volume more than 5% >above 30 day average volume. Most column headings are self explanatory. >Remember, these are Telescan's numbers...not IBD's > While there are some nice stocks in here, I have (maybe) contradictory data on your list. Anyway, I don't have a lot of time to comment, but of this list, only 3 make my "loose" CASLI scan: MNMD, ROSC, CCSC. Maybe more would except for the lack of data in Zacks' database. Anyway I suggest you try to at least include some basic HTMMIS criteria like last 2 qtrs SQLY EPS > 18% - - that would weed out quite a few. So would limitng institutional holdings, limiting D/E to something reasonable, and looking at longer term EPS growth. Just mt $0.02... Ford Motor Co Dominion Homes Hbo & Co Lhs Group Inc TICKER F DHOM HBOC LHSG EXCHANGE NYSE NSDQ NSDQ NSDQ SHARES OUT 1141 6 213 52 24WK PCHG% 11 30 31 92 % INSTITUT 54.38 14.6 84.44 26.84 % INSIDERS 0.33 62.81 0.92 N/A 20D AVEVOL 3283505 8585 1173376 242090 TREND EPGR 36.9 15.19 58.32 N/A QEPS 0/-4 13 200 58 240 QEPS -1/-5 32 0 56 78 QEPS -2/-6 70 78 56 27 QEPS -2/-7 43 124 63 900 ROE 25.67 23.72 25.82 15.9 D/Equity 520.83 N/A 0.11 0.79 Grc Intl Citfed Bancorp First Amer Finl Fidelity Natl TICKER GRH CTZN FAF FNF EXCHANGE NYSE NSDQ NYSE NYSE SHARES OUT 10 13 18 23 24WK PCHG% 39 28 66 24 % INSTITUT 14.37 32.7 39.82 39.59 % INSIDERS 20.82 2.81 N/A 4.9 20D AVEVOL 35385 23635 56730 108605 TREND EPGR 11.58 1.29 3.22 10.8 QEPS 0/-4 -61 35 738 263 QEPS -1/-5 150 27 85 90 QEPS -2/-6 143 30 56 76 QEPS -2/-7 470 32 3 24 ROE 59.21 14.38 21.71 30.55 D/Equity 135.9 387.38 10.2 62.66 Hardinge Inc Minimed Inc Anika Therapeut Chattem Inc TICKER HDNG MNMD ANIK CHTT EXCHANGE NSDQ NSDQ NSDQ NSDQ SHARES OUT 7 13 9 9 24WK PCHG% 5 27 16 86 % INSTITUT 53.02 38.05 29.41 55.02 % INSIDERS N/A 31.67 0.98 5.34 20D AVEVOL 9070 34940 81640 32995 TREND EPGR 6.9 79.78 N/A -5.07 QEPS 0/-4 14 89 100 200 QEPS -1/-5 9 73 N/A 533 QEPS -2/-6 13 40 N/A 29 QEPS -2/-7 13 50 133 N/A ROE 12.66 11.51 34.63 450.22 D/Equity 19 0.87 N/A 1,786.93 Medco Research Mail- Well Inc Fossil Inc Abercrombie TICKER MRE MWL FOSL ANF EXCHANGE AMEX NYSE NSDQ NYSE SHARES OUT 11 21 20 51 24WK PCHG% 44 29 19 29 % INSTITUT 39.66 51.34 32.82 17.69 % INSIDERS 6.92 N/A 59.31 0.18 20D AVEVOL 37645 101485 185120 705610 TREND EPGR N/A N/A 4.42 N/A QEPS 0/-4 131 20 50 1100 QEPS -1/-5 244 37 33 70 QEPS -2/-6 88 43 35 122 QEPS -2/-7 122 75 36 N/A ROE 28.64 18.9 23.32 170.4 D/Equity 0 204.93 0 85.07 Gap Inc Village Sprmkt Coherent Commun Nokia Cp-adr A Romac Intl Inc TICKER GPS VLGEA CCSC NOK.A ROMC EXCHANGE NYSE NSDQ NSDQ NYSE NSDQ SHARES OUT 394 3 15 442 30 24WK PCHG% 49 30 74 88 46 % INSTITUT 47.28 12.9 41.79 61.18 65.28 % INSIDERS 35.11 19.69 16.34 N/A 19.14 20D AVEVOL 599785 195 70865 847060 212360 TREND EPGR 23.45 12.76 36.42 N/A 56.36 QEPS 0/-4 64 65 21 46 76 QEPS -1/-5 28 60 47 130 87 QEPS -2/-6 28 57 44 N/A 71 QEPS -2/-7 13 N/A 33 N/A 90 ROE 37.12 4.78 33.04 N/A 10.95 D/Equity 31.32 46.98 0 13.29 0.73 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 #290 ***************************** 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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