From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #293 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 Saturday, June 20 1998 Volume 02 : Number 293 In this issue: Re: [CANSLIM] TELESCAN Weekend review scan--Dan RE: [CANSLIM] TELESCAN Weekend review scan--Dan RE: [CANSLIM] TELESCAN Weekend review scan Re: [CANSLIM] TELESCAN Weekend review scan [CANSLIM] Yen Intervention Re: [CANSLIM] Yen Intervention RE: [CANSLIM] TELESCAN Weekend review scan Re: [CANSLIM] Yen Intervention Re: [CANSLIM] Yen Intervention Re: [CANSLIM] Yen Intervention Re: [CANSLIM] Yen Intervention Re: [CANSLIM] Yen Intervention Antwort: Re: [CANSLIM] TELESCAN Weekend review scan Re: [CANSLIM] TELESCAN Weekend review scan [CANSLIM] PLEASE Ask for files OFF-LIST Re: [CANSLIM] Yen Intervention Re: [CANSLIM] (Off Topic) Yen Intervention [CANSLIM] Been following your MFAC talk Re: [CANSLIM] TELESCAN Weekend review scan--Dan Re: [CANSLIM] Been following your MFAC talk Re: [CANSLIM] Been following your MFAC talk Re: [CANSLIM] Been following your MFAC talk Re: [CANSLIM] (Off Topic) Yen vs. Gardens Re: [CANSLIM] Been following your MFAC talk [CANSLIM] Re: Triple Screens... and Now for the Daily [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations [CANSLIM] Re: (Connie) A Short Course in Market Lore [CANSLIM] Re: Stocks [CANSLIM] Zacks advanced scans Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Re: [CANSLIM] Technical Analysis (TA) (was Questions) ---------------------------------------------------------------------- Date: Thu, 18 Jun 1998 20:47:06 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] TELESCAN Weekend review scan--Dan If you like, I can run these through my charting program to look for whatever. It would be easier to do so if you deleted the commas, though. That way, I can import them directly. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 18 Jun 1998 22:07:29 -0600 From: "Dan Sutton" Subject: RE: [CANSLIM] TELESCAN Weekend review scan--Dan Here they are with a space rather than a comma URGI ARTS AMTR TMBS GRH MTRS JAKK AHLS GLYT FOSL UPUP HBOC ICP ESCA TRAV SELAY CHTT CTZN COLB MISI BOSA CPC CCSC FDPC BUTL HHS SCVL USTC FTFC FORR SCBI SEH ERICY MDD INSS LVB FDS AVS MTBN HRLY LSBX SBIB CMSX - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of dbphoenix Sent: Thursday, June 18, 1998 9:47 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] TELESCAN Weekend review scan--Dan If you like, I can run these through my charting program to look for whatever. It would be easier to do so if you deleted the commas, though. That way, I can import them directly. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - - - ------------------------------ Date: Thu, 18 Jun 1998 23:25:05 -0700 From: "Michael Busch" Subject: RE: [CANSLIM] TELESCAN Weekend review scan I would very much like that excel file - - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Dan Sutton Sent: Thursday, June 18, 1998 8:31 PM To: canslim@lists.xmission.com Subject: [CANSLIM] TELESCAN Weekend review scan I tightened up some of the scan info to try and tweak the IBD weekend review copy. Tonights scan returned approximately 45 stocks. Rather than post the entire file... following are the top 25, sorted by Telescan's relative strength (they call it price rank). URGI,ARTS,AMTR,TMBS,GRH,MTRS,JAKK,AHLS,GLYT,FOSL,UPUP.HBOC,ICP,ESCA,TRAV,SEL AY,CHTT,CTZN,COLB,MISI,BOSA,CPC,CCSC,FDPC,BUTL Rather than waste bandwidth by posting a file that some people may not be interested in, if anyone wants the entire EXCEL file (which includes all the stock candidates as well as the data for each of the criteria included in the search), e-mail me and I will send it to you. - - - - ------------------------------ Date: Fri, 19 Jun 1998 05:57:37 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] TELESCAN Weekend review scan I'd appreciate a copy of your Excel file if you would please. Thanks, Frank Wolynski At 21:30 6/18/98 -0600, Dan Sutton wrote: >I tightened up some of the scan info to try and tweak the IBD weekend review >copy. Tonights scan returned approximately 45 stocks. Rather than post the >entire file... following are the top 25, sorted by Telescan's relative >strength (they call it price rank). > >URGI,ARTS,AMTR,TMBS,GRH,MTRS,JAKK,AHLS,GLYT,FOSL,UPUP.HBOC,ICP,ESCA,TRAV,SEL >AY,CHTT,CTZN,COLB,MISI,BOSA,CPC,CCSC,FDPC,BUTL > >Rather than waste bandwidth by posting a file that some people may not be >interested in, if anyone wants the entire EXCEL file (which includes all the >stock candidates as well as the data for each of the criteria included in >the search), e-mail me and I will send it to you. > > >- > > - - ------------------------------ Date: Fri, 19 Jun 1998 06:31:24 -0400 From: "Tom Worley" Subject: [CANSLIM] Yen Intervention Looks like another wave of US/Japan intervention is ongoing. Tom W - - ------------------------------ Date: Fri, 19 Jun 1998 06:55:07 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Yen Intervention Isn't too much Government Intervention usually the kiss of death for the Bulls? - -- Thomas A. Moulton, W2VY http://www.xanthus.net/w2vy - - ------------------------------ Date: Fri, 19 Jun 1998 05:26:37 -0600 From: "Dan Sutton" Subject: RE: [CANSLIM] TELESCAN Weekend review scan Michael, I need your e-mail address. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Michael Busch Sent: Friday, June 19, 1998 12:25 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] TELESCAN Weekend review scan I would very much like that excel file - - - - - - - ------------------------------ Date: Fri, 19 Jun 1998 07:30:23 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Yen Intervention Thomas A. Moulton wrote: > Isn't too much Government Intervention usually the kiss of > death for the Bulls? What I mean to say is CLINTON better STOP messing with the system!-- Thomas A. Moulton, W2VY http://www.xanthus.net/w2vy - - ------------------------------ Date: Fri, 19 Jun 1998 07:35:29 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Yen Intervention Your Tax Dollars at work! Frank Wolynski At 06:31 6/19/98 -0400, Tom Worley wrote: >Looks like another wave of US/Japan intervention is ongoing. > >Tom W > > > >- > > - - ------------------------------ Date: Fri, 19 Jun 1998 07:35:29 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Yen Intervention Your Tax Dollars at work! Frank Wolynski At 06:31 6/19/98 -0400, Tom Worley wrote: >Looks like another wave of US/Japan intervention is ongoing. > >Tom W > > > >- > > - - ------------------------------ Date: Fri, 19 Jun 1998 07:38:23 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Yen Intervention You may be premature in discounting our governments skills in controlling the economic landscape. Let's review our successes thus far: . . . . . Well maybe we can get back to that another time. Frank Wolynski At 07:30 6/19/98 -0500, Thomas A. Moulton wrote: >Thomas A. Moulton wrote: > >> Isn't too much Government Intervention usually the kiss of >> death for the Bulls? > >What I mean to say is CLINTON better STOP messing with the system!-- >Thomas A. Moulton, W2VY >http://www.xanthus.net/w2vy > > > >- > > - - ------------------------------ Date: Fri, 19 Jun 1998 08:02:02 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Yen Intervention Not necessarily. The weakness in the yen, which affects and has spread throughout Asia where it is the dominant currency and also involves much "cross border" lending and borrowing, also affects the US mkts. So far, it has resulted in "safe haven" buying of US bonds, the dollar, US equities, etc. so it has actually been beneficial at this point in those products. It has also created an expectation of cheaper imports and Asian manufactured products and components, so has had a restraint on inflation by forcing mfr's to hold down prices or risk losing mkt share. But the Asian crises has now become so widespread and entrenched that it has also affected consumer spending, industrial production, employment, etc. This in turn has already hit several industry groups worldwide quite severely. Look at the price of both gold and oil. Both of these commodities have seen sharp reductions in purchasing from Asia over historic levels, and has directly contributed to the price drop. There are, of course, other factors as well, but this has been one of the big ones. And it has also drastically affected those US corps selling their products into the Asian mkt, both because of the new higher cost (due to the strong dollar) as well as the absence of strong Asian consumer demand. The countries like Japan that still try to live in an isolationist economic environment find it difficult in today's global market. If Treasury/Slick Willy struck a truly good deal for Japan to finally make fundamental changes, then this should prove beneficial. On the other hand, if it was purely a political move, dictated solely by political reasons or pressure from big US (or foreign, we already know he's susceptible there) corps to help them improve their foreign sales, it is likely to be temporary only. Had I been calling the shots, I would not have intervened until and unless I had a written agreement for the Japanese govt to open up their mkts to foreign investments, esp US. That would have been one major change needed. I would have also wanted at least "private understandings" that immediate steps would be taken to correct the problem of excessive bad bank loans. That involves cultural change as well, and will take time, but a start is needed to restore any confidence. Already the S&P and Moody's ratings on a number of major Japanese banks have been cut. Without this problem being addressed, it will only get worse. Bottom line, it's too early to tell if this was done for good reasons or bad. If the latter, it's probably going to end up being a sucker's rally. Tom W - -----Original Message----- From: Thomas A. Moulton To: canslim@lists.xmission.com Date: Friday, June 19, 1998 6:51 AM Subject: Re: [CANSLIM] Yen Intervention >Isn't too much Government Intervention usually the kiss of >death for the Bulls? > >-- >Thomas A. Moulton, W2VY >http://www.xanthus.net/w2vy > > - - ------------------------------ Date: Fri, 19 Jun 1998 14:13:12 +0100 From: "Helmut Peganz" Subject: Antwort: Re: [CANSLIM] TELESCAN Weekend review scan I would also appreciate the exel file. Thanks. My e-mail address is hpeganz@innovation.co.at Best regards, Helmut Peganz - - ------------------------------ Date: Fri, 19 Jun 1998 08:54:12 EDT From: Subject: Re: [CANSLIM] TELESCAN Weekend review scan Dan: I would appreciate if you can mail me a copy. Thanks. Regards Surindra In a message dated 98-06-18 23:42:35 EDT, you write: << Rather than waste bandwidth by posting a file that some people may not be interested in, if anyone wants the entire EXCEL file (which includes all the stock candidates as well as the data for each of the criteria included in the search), e-mail me and I will send it to you. >> - - ------------------------------ Date: Fri, 19 Jun 1998 06:17:55 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] PLEASE Ask for files OFF-LIST OK THAT'S ENOUGH! The guy has a PRIVATE Email address, so PLEASE use it! Now that I can breathe again, please, when you offer a file, ask people to contact you OFF-LIST for a copy. At 02:13 PM 6/19/98 +0100, you wrote: > > > >I would also appreciate the exel file. >Thanks. >My e-mail address is hpeganz@innovation.co.at >Best regards, >Helmut Peganz > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 19 Jun 1998 09:16:39 EDT From: Subject: Re: [CANSLIM] Yen Intervention More about this here: http://biz.yahoo.com/finance/980619/japan_usa__7.html Have a wonderful triple day. Surindra In a message dated 98-06-19 08:03:58 EDT, you write: << Subj: Re: [CANSLIM] Yen Intervention Date: 98-06-19 08:03:58 EDT From: stkguru@netside.net (Tom Worley) Sender: owner-canslim@lists.xmission.com Reply-to: canslim@lists.xmission.com To: canslim@lists.xmission.com Not necessarily. The weakness in the yen, which affects and has spread throughout Asia where it is the dominant currency and also involves much "cross border" lending and borrowing, also affects the US mkts. So far, it has resulted in "safe haven" buying of US bonds, the dollar, US equities, etc. so it has actually been beneficial at this point in those products. It has also created an expectation of cheaper imports and Asian manufactured products and components, so has had a restraint on inflation by forcing mfr's to hold down prices or risk losing mkt share. >> - - ------------------------------ Date: Fri, 19 Jun 1998 09:41:39 -0400 From: Craig Griffin Subject: Re: [CANSLIM] (Off Topic) Yen Intervention From my perspective Japan's economy has the flu, folks. Think the 1930's over there - 1990's style. Japanese culture, which involves face saving and consensus, as well as institutionalized lying (even to oneself), is not well prepared to deal with the current economic reality. IMHO, it will take significant additional pain before any meaningful steps are taken (remember Hari Kari rather than lose face). There may be some small movement in order to appease the American envoy (ie. keep him from losing face). And there may be accompanying press hoopla. The Japanese will almost always say "Yes", even when they mean "NO WAY", so in Japan there is "yes" and then there is "yes" (another kind of lying). Be sure to distinguish between the two. To look at the situation from another angle: efforts to prop up falling currencies have historically been the government equivalent of attempting to catch a falling knife - the governments involved almost always get bloodied. If I was to place a bet - my bet would be with Soros on a significantly lower yen a month from now - not a higher one. Soros may be a nutcase in most areas - but he knows currencies. Implications for Asia? the US stock market? You tell me ... That's my OPINION and pretty much worth what you paid for it. Regards, Craig - - ------------------------------ Date: Fri, 19 Jun 1998 07:24:46 -0700 (PDT) From: Tannis Malone Subject: [CANSLIM] Been following your MFAC talk Your charting discussion is most helpful. I'm hoping to reach a critical mass at which time I understand it all. But what I really wanted to post now is that according to the intraday graphs on bigcharts, yesterday t 3 PM, someone bought 90,000 shares of MFAC. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 19 Jun 1998 09:16:28 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] TELESCAN Weekend review scan--Dan I did a quick check of those stocks and filtered them (by hand) for "CA" for 20% or better per year for 4+ years and ended up with: TMBS GLYT HBOC CPC FCPC SEH ERICY There were a few that had less. (Either 1 Down Year or only 2-3 years but still good) FOSL ESCA CHTT CTZN CCSC FTFC MDD AVS CMSX Assuming "CA" of CS is important... - -- Thomas A. Moulton, W2VY http://www.xanthus.net/w2vy - - ------------------------------ Date: Fri, 19 Jun 1998 08:11:48 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Been following your MFAC talk <> Look at enough charts and you'll get there. Try to look at the patterns rather than get bogged down in the details. As far as the buy you mention, remember that someone also sold 90,000 shares. What matters is the net effect and the follow-through. The effect was positive yesterday and the stock is up today, though volume is less than 10% of the ADV. Personally, I'd wait until this afternoon to see if the volume comes in. That 90,000 shares was a pretty clumsy pawprint. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 19 Jun 1998 11:59:54 -0700 From: Bill Subject: Re: [CANSLIM] Been following your MFAC talk Something is going to pop real soon. The spread is one point and hardly any volume. Is this the calm before the storm or a mexican stand-off? dbphoenix wrote: > > < critical mass at which time I understand it all. But what I really > wanted to post now is that according to the intraday graphs on > bigcharts, yesterday t 3 PM, someone bought 90,000 shares of MFAC.>> > > Look at enough charts and you'll get there. Try to look at the > patterns rather than get bogged down in the details. > > As far as the buy you mention, remember that someone also sold 90,000 > shares. What matters is the net effect and the follow-through. The > effect was positive yesterday and the stock is up today, though volume > is less than 10% of the ADV. Personally, I'd wait until this > afternoon to see if the volume comes in. That 90,000 shares was a > pretty clumsy pawprint. > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Fri, 19 Jun 1998 12:23:27 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Been following your MFAC talk <> This is the third time since March that the stock has fallen dramatically, sprung back, then settled back into a base. The last two biggest spikes look to have been distributional, and somebody was real eager to get out last week and Monday, but someone else was just as eager to buy in yesterday, so there may just be a lack of interest in the stock amongst investors as a group until earnings come out. Might be a good idea to look up the earnings date. I haven't followed this stock for a long time, but a big spread used to be common, which is the main reason I never bought it. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 19 Jun 98 16:11:17 PDT From: "Walter Stock" Subject: Re: [CANSLIM] (Off Topic) Yen vs. Gardens Craig, A lot of truth in what you say. After working at CIBC for a decade, and before starting my current occupation, I spent five years running education and training for one of the major Japanese multinationals. This involved training both Canadian and Japanese employees. In Japan companies "face", consensus, and ritual are paramount. Even though we were losing money, laying long-term staff off, and down-sizing, the company still spent lavishly on public relations functions, on the appearance of buildings and facilities, and on winning landscape design competitions against other companies. To look at the gardens in front of our HQ, you would have thought our company was printing money. In macro-economic terms this is what the chairman of Sony referred to recently when he was worrying about corporate Japan being "hollowed out" : everything else gets sacrificed long before the appearances go, before "face" is lost. Walter Stock (yes, that really is my last name) Oakville, ONT - Canada Email me at wstock@globalserve.net - ---------- > >From my perspective Japan's economy has the flu, folks. Think the 193= 0's > over there - 1990's style. > > Japanese culture, which involves face saving and consensus, as well as > institutionalized lying (even to oneself), is not well prepared to deal > with the current economic reality. IMHO, it will take significant > additional pain before any meaningful steps are taken (remember Hari = Kari > rather than lose face). There may be some small movement in order to > appease the American envoy (ie. keep him from losing face). And there = may > be accompanying press hoopla. The Japanese will almost always say "Yes= ", > even when they mean "NO WAY", so in Japan there is "yes" and then there= is > "yes" (another kind of lying). Be sure to distinguish between the two. > > To look at the situation from another angle: efforts to prop up falling > currencies have historically been the government equivalent of attempti= ng > to catch a falling knife - the governments involved almost always get > bloodied. > > If I was to place a bet - my bet would be with Soros on a significantly > lower yen a month from now - not a higher one. Soros may be a nutcase = in > most areas - but he knows currencies. Implications for Asia? the US = stock > market? You tell me ... > > That's my OPINION and pretty much worth what you paid for it. > > Regards, > Craig > > - > > - - ------------------------------ Date: Fri, 19 Jun 1998 19:20:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Been following your MFAC talk FWIW, DGO shows next earnings due 7/28 for Q2 ending 6/30, which sounds about right from past experience with this stock. ADV now is 53,600 so the 19 thou or so shares that changed hands today is not a good "jumping in" signal. As for the large spread, if I had let that stop me, I would have missed EPIQ and EDAC, just to name my two biggest recent winners. Just use limit orders, you may not always get done, but your order has to be represented if you don't put restrictions on it like AON (all or none). My last two trades were a buy at the bid (hasn't gone below my buy point since then, and now profitable) and a sale for a nice profit a qtr pt over the prior day's new high, which remained the new high for two trading days (yeah, I "hit the high", it can occasionally happen that way). When I put this last limit sell order in that morning, it was at 3/8 over the bid, 1/4 over the offer, and 1/4 over the 12 month high on a stock that usually traded only a few thou shares/day. Surprisingly, I was executed at 9:36 AM. Can't explain why I did it, call it gut instinct, insanity or even experience, but logic dictated a mkt sell since I wanted out of the stock that day. But it worked. And since then, it finally yesterday made a new high a qtr pt higher than my sell price, before falling half a pt below, so there are certainly risks on limit orders if you REALLY want them executed. Neither of these stocks, BTW, had a particularly large spread even tho their liquidity wasn't all that great either. Both were OTC as well. Limit orders do work far better than they used to just nine months ago. Tom W - -----Original Message----- From: dbphoenix To: canslim@lists.xmission.com Date: Friday, June 19, 1998 3:17 PM Subject: Re: [CANSLIM] Been following your MFAC talk ><hardly >any volume. Is this the calm before the storm or a mexican stand-off?>> > >This is the third time since March that the stock has fallen >dramatically, sprung back, then settled back into a base. The last >two biggest spikes look to have been distributional, and somebody was >real eager to get out last week and Monday, but someone else was just >as eager to buy in yesterday, so there may just be a lack of interest >in the stock amongst investors as a group until earnings come out. >Might be a good idea to look up the earnings date. > >I haven't followed this stock for a long time, but a big spread used >to be common, which is the main reason I never bought it. > >--Db > - - ------------------------------ Date: Fri, 19 Jun 1998 19:06:28 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Triple Screens... and Now for the Daily Hello Db, Thanks for your explanation of chart reading for Theragenics. In short, if I look at the weekly and the daily Stochastics and MACD of a company, I should be able to see when to get in. The Stochastics is a faster indicator than MACD, but both confirmations are better. Right? I realize this is brief, but want to verify my thinking here. Regards, Mary - - ------------------------------ Date: Fri, 19 Jun 1998 20:16:04 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Hello Connie, Where can I find her recommendations, since you think so highly of her? As usual, thank you. Regards, Mary - - ------------------------------ Date: Fri, 19 Jun 1998 20:21:33 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: (Connie) A Short Course in Market Lore Hi Connie, Thanks for the site. I've bookmarked it. Appears very worthwhile for a newbie. Regards, Mary - - ------------------------------ Date: Fri, 19 Jun 1998 19:37:58 -0600 From: "Christopher J. Flann" Subject: [CANSLIM] Re: Stocks Jim, thank you for your interest in my post. My answer to your question follows: >Over the years, like you, I have read many books on the whole stock market >"experience." I'm an information junkie of sorts, and this seems to be the >perfect spot. From each book I read I walk away with a least some insight >into something dealing with the market. > >Since I'm new in the stock market, I'm a wee bit leery of dedicating too >much to a micro cap stock, but it will be part of the equation. > >If possible, I'd like to hear what you use to weed out the micro cap stocks. > >Thanks, >Jim Noetzel > > > I first start with IBD. Everyday, I read over the earning reports looking for companies whose earnings & revenues have increased at least 20%. The increase must either be an acceleration denoted by the up arrow next to the report or have no designation. I will not select companies whose earnings and revenues are decelerating regardless of whether the increase is over 20%. I don't dismiss companies with low relative strength even though this violates the CANSLIM doctrine. Right now, all I am doing is collecting raw data. Next, I enter all the symbols into Metastock, with a directory for each month. After collecting the data, I look at charts that have the MACD indicator as a separate window, and 50 and 150 day moving averages superimposed on the chart itself. I then look over the stocks. I like to see long flat bases with a sudden uptick of price with a corresponding increase in volume. Usually, the 50 day moving average will be above the 150 day, and the crossover of these two averages occurred at a point close to the jump in price and volume. With some likely candidates in hand, I go to fundamental data. It is here that I am looking for a loose fit with CANSLIM criteria. I use Quote.com. I already know the company has C. So I look for A, and the story of the sudden change in price in N. S is found here and its close relative, the spread. If the relative strength is low, I check to see whether I believe the story of N will soon make my stock L, a leader. I can also be found here. If I can find a reason for the sudden change in price that strikes me as a fundamental change in the company, then I put the stock on my watch list, and look for a suitable entry point. A good place to buy, might be a stock that having broken out returns to touch its 50 day moving average, especially if the gentle ascent to the average has a corresponding decrease in volume. - - ------------------------------ Date: Fri, 19 Jun 1998 18:26:28 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] Zacks advanced scans Someone was doing advanced scans with Zacks a while ago. They posted some criteria but they didn't post the formulas. I can't get the damn thing to do a search that combines AND and OR statements - it ignores one or the other. Please contact me off-list if you're still around. P.S. Digging rock all next week, am unsubscribing tonite so don't reply to the list. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 19 Jun 1998 23:35:12 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Hi Mary-- Don't think she has a site. I have caught her in the past year on several programs. Don't know what house she might be tied to. Might run her name through your search engine. Try HotBot first; then Yahoo. Let me know if you run her down. Connie mckeener@ix.netcom.com wrote: > Hello Connie, > > Where can I find her recommendations, since you think so > highly of her? > > As usual, thank you. > > Regards, > Mary > > - - - ------------------------------ Date: Sat, 20 Jun 1998 08:30:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Technical Analysis (TA) (was Questions) db, My compliments, an excellent online reference source. It's bookmarked in my PC, and will get used a lot. Thanks. And, no, members, I am still a CANSLIMer, remember I pick my stocks with CS criteria, then use TA to fine tune my entry points on new positions, and to aid me in hold or sell decision making on existing positions. Tom W - -----Original Message----- From: dbphoenix To: canslim@lists.xmission.com Date: Thursday, June 18, 1998 2:20 PM Subject: Re: [CANSLIM] Questions >< >OBV/MF >EMA >SloSto >MACD>> > The following link will take you to "TA From A to Z" so that you can read up on these in further detail. > http://www.equis.com/free/taz/index.html > >--Db > - - ------------------------------ End of canslim-digest V2 #293 ***************************** 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.