From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2979 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, October 11 2002 Volume 02 : Number 2979 In this issue: Re: [CANSLIM] What's still strong? [CANSLIM] Boomer Babies RE: [CANSLIM] Worley's Weekend Weeview ---------------------------------------------------------------------- Date: Fri, 11 Oct 2002 09:24:05 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] What's still strong? This is a multi-part message in MIME format. - ------=_NextPart_000_0041_01C27107.F1CDC7A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Ian, Glad to see you've popped up for a look see. Never can tell if a rally = can turn into something sustainable.... certainly worth staying abreast = just in case!! Either way, some very interesting stocks on the list.... Katherine ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 10, 2002 6:22 PM Subject: Re: [CANSLIM] What's still strong? Hi Katherine: Thank you very much for your efforts, I really appreciate it. I feel like I'm coming out of hibernation just by looking ... Cheers, Ian ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 10, 2002 10:14 AM Subject: Re: [CANSLIM] What's still strong? Hi Ian, Since "good CANSLIM characteristics" and "up siginificantly" are = interpretive, I had to come up with some arbitrary guidelines for this = list, so here's how I derived it: 1. Forward growth rate >=3D15% 2. Price >=3D$10 3. Not down in the latest 52 wks. If trading < 52wks, up since IPO. 4. Currently meet what I consider "minimum technicals" ... that is, = >=3D200 day MA, no more than 15% below the 50 day MA, RS>=3D60. 5. I deleted any stocks meeting items 1-4 that were REITS, Mining or = Food. I also deleted any stocks that are currently pending = merger/acquisition targets. I arbitrarly left in cyclicals such as = transportation and banking/S&L. Not all the charts are "pretty" as they may be up or even for the = year, but face multiyear overhead resistence. All in all, 111 names. Out = of 10000 stocks, that's about 1%. While that's not great odds for = anybody long over the last year, it does make a very nice "short list" = of strong stocks should the market get legs. See the list at: = http://WallStreet-LLC.com/canslim/WorkingStocks101002.xls Katherine ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 10, 2002 11:54 AM Subject: [CANSLIM] What's still strong? Hi all: I'm trying to make a list of stocks with good CANSLIM = characteristics that are well up on the year and still above their 50 = and 200 day ma's. Right now, the only $10+ stocks on my list are JCOM = and BLUD. Does anyone have any others? Thanks, Ian - ------=_NextPart_000_0041_01C27107.F1CDC7A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Ian,
 
Glad to see you've popped up for a look see. Never can tell if a = rally can=20 turn into something sustainable.... certainly worth staying abreast just = in=20 case!! Either way, some very interesting stocks on the list....
 
Katherine
----- Original Message -----
From:=20 Ian =
To: canslim@lists.xmission.com=
Sent: Thursday, October 10, = 2002 6:22=20 PM
Subject: Re: [CANSLIM] What's = still=20 strong?

Hi Katherine:
 
Thank you very much for your efforts, I really = appreciate=20 it.
 
I feel like I'm coming out of hibernation just by = looking=20 ...
 
Cheers,
 
Ian
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Thursday, October 10, = 2002 10:14=20 AM
Subject: Re: [CANSLIM] What's = still=20 strong?

Hi Ian,
 
Since "good CANSLIM characteristics" and "up siginificantly" = are=20 interpretive, I had to come up with some arbitrary guidelines for = this list,=20 so here's how I derived it:
 
1. Forward growth rate >=3D15%
2. Price >=3D$10
3. Not down in the latest 52 wks. If trading < 52wks, up = since=20 IPO.
4. Currently meet what I consider "minimum technicals" ... that = is,=20 >=3D200 day MA, no more than 15% below the 50 day MA, = RS>=3D60.
5. I deleted any stocks meeting items 1-4 that were REITS, = Mining or=20 Food. I also deleted any stocks that are currently pending=20 merger/acquisition targets. I arbitrarly left in cyclicals such as=20 transportation and banking/S&L.
 
Not all the charts are "pretty" as they may be up or even for = the year,=20 but face multiyear overhead resistence. All in all, 111 names. Out = of 10000=20 stocks, that's about 1%. While that's not great odds for anybody = long over=20 the last year, it does make a very nice "short list" of strong = stocks should=20 the market get legs.
 
See the list at: http:/= /WallStreet-LLC.com/canslim/WorkingStocks101002.xls
 
 
Katherine
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Thursday, October 10, = 2002=20 11:54 AM
Subject: [CANSLIM] What's = still=20 strong?

Hi all:
 
I'm trying to make a list of stocks with good = CANSLIM=20 characteristics that are well up on the year and still above their = 50 and=20 200 day ma's. Right now, the only $10+ stocks on my list are JCOM = and=20 BLUD. Does anyone have any others?
 
Thanks,
 
Ian
 
=
 
- ------=_NextPart_000_0041_01C27107.F1CDC7A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 11 Oct 2002 11:16:54 -0400 From: "Duke Miller" Subject: [CANSLIM] Boomer Babies Greetings one and all. I've been absent from the list for good reason, I think.... Earlier this year, I put forth a theory that it might be wise to keep an eye on stocks most likely to be positively impacted as baby boomers enter their retirement years. I didn't get much response, apparently not CANSLIM enough, but I forged ahead based on my personal experiences as a "leading edge" boomer. To wit, since becoming an economic being, I've kept an eye on my rear-view mirror. I observed (and profited from) the boomer impact over the years...as the bubble passed from one phase to another. A case in point: If it weren't for the boomers, I never could have sold my home of 25 years, probably worth about $50,000, for over $400,000! As I set out to build my list of "boomer babies," the challenge was to keep it within the CANSLIM envelope. So I confined my search to companies appearing in IBD's New America. Lacking 'M', AT LEAST we would have "N"! So I just finished scouring nine months of New America articles and the search yielded over 70 stocks, which I transferred them to a spreadsheet. It's basis is Katherine's "CANSLIM Hunting" spreadsheet (tied for the single greatest contribution to this list of all time with Mikes CANSLIM analyzer, thank you both). You can download the sheet at http://WallStreet-LLC.com/canslim/BoomerBabies.zip A few caveats: Some companies on the list may evoke, "Is he nuts?" Trust me, each has a reason based on my rear-view-mirror observations. You'll also find industries where some companies appear while others in the same industry are excluded. For instance, the only home builders included are those with a major sunbelt focus. I've also excluded some obvious candidates, most notable is Pfizer (the inventors of the pill that has all the residents of Sun City putting signs on their doors that read, "Don't come a knockin' when my condo is a rockin'"). I'm reserving Pfizer and other non-New America stocks for a 'B' list of boomer babies. In conclusion, WON has said of late that what this market needs is a bunch of new IPO's to lead it into bull territory. I agree, but for the near term, he's gotta be dreamin'. So the boomer babies are an effort to ferret out stocks that have the potential to profit from the inevitable aging of the not-so-baby boomers. No chance they'll trigger an era of "irrational exuberance," but maybe they can generate some half-way decent returns. Finally, the list is just that: a list. In no way am I implying all the right fundamentals are there or that bases have formed or are forming...YET! But I think it's a good way to start tracking some potential winners. If this concept stirs you in any way, I invite you to share those companies you think might fit the mold. Have a great weekend... Duke - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 11 Oct 2002 10:17:27 -0500 From: "Logan, Scott L." Subject: RE: [CANSLIM] Worley's Weekend Weeview This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C27139.4F4D5D60 Content-Type: text/plain; charset="iso-8859-1" Rocky, Here is a prime example of our discussion. 1600 more people which will probably try and obtain service sector jobs... ____________________________________________________________________________ _____________________ Maytag to Close Plant, Cut 1600 Jobs Friday October 11, 10:23 am ET NEWTON, Iowa (Reuters) - No. 3 U.S. home appliance maker Maytag Corp. (NYSE:MYG - News) said on Friday it plans to close a refrigeration plant in Illinois and cut nearly 8 percent of its work force in an effort to cut costs. ADVERTISEMENT Maytag said its refrigeration plan calls for the construction of a new refrigeration production facility in Reynosa, Mexico. The new plant, expected to open in late 2003, will be located on the site of an existing Maytag subassembly operation and will make side-by-side refrigerators. The company said 1,600 employees work at the Galesburg, Illinois, refrigeration products facility, which it expects to close by late 2004. Maytag employs more than 21,000 people around the world. - -----Original Message----- From: Rocky Sanghvi [mailto:rs@mylodestar.com] Sent: Wednesday, October 09, 2002 12:32 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Worley's Weekend Weeview Appreciate everyone's comments on this extremely important issue. Its actually not just the unions - the implications are bigger. Each and every industry in this country eventually is supported in some way by Manufacturing. Think about it!!! Look at any service industry - say Banking or Information Technology consulting, Insurance or whatever: They provide services either to Manufacturing & related companies (Suppliers, Distributors) or to people who work in Manufacturing & related companies. Someone mentioned that we are a Service economy. This in itself is not possible. Lets try to imagine a country in which the only jobs are service related. Meaning a Insurance company insuring a Bank. Ok and how does the bank make money - ok I guess from the IT consulting company. Explore this tree long enough and you realize that at the bottom of it are the companies that make real, tangible goods. Is Microsoft a manufacturer? YES absolutely. Can Services be a self funding industry without there being actual production of any goods? No way. So when I look at the long term decline in Mfg in this country - its really scary stuff. Yeah sure GE makes a lot of money by outsourcing to China and Mexico and Eastern europe and therefore makes American stock holders money - but the question is - what does outsourcing mfg offshore do to our economy? In effect we are distributing our wealth to nations like China and mexico. Make no mistake about it - manufacturing is a country's wealth. Whether its manufacturing software or making widgets manufacturing a tangible item is what our economy is based on. I cant imagine free trade continuing to work in its present day form. We will be forced to make some tough decisions - * Make offshore manufacturer's buy our products of our service industry. * Levy quotas on goods imported for distressed industries * Levy quotas on making offshore manufacturers to make a certain quota of goods in the USA. Does this sound xenophobic or gargantuan? Maybe - but I don't see a way around it. Rocky - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L. Sent: Tuesday, October 08, 2002 4:56 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Worley's Weekend Weeview Rocky, Thank you for your comments. My father has been in the transportation industry( trucking ) for 30 years. I have listened to many accounts of manufacturing facilities that were once shipping freight locally here in Texas move out of the country, or just go belly up not being able to match foreign prices( China, and Mexico in particular). The unions are just tightening the noose around their own necks. Scott - -----Original Message----- From: Rocky Sanghvi [mailto:rs@mylodestar.com] Sent: Tuesday, October 08, 2002 3:44 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Worley's Weekend Weeview Scott, I work extensively with Manufacturing companies throughout the country and I completely agree with your comments. One of the lessons coming home to roost is that you cant have an economy based entirely on the Service sector. A society has to MAKE something tangible to have a thriving economy. Rocky - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L. Sent: Tuesday, October 08, 2002 4:08 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Worley's Weekend Weeview I don't think the American public has realized the effects of losing our manufacturing jobs. Thousands of good paying blue collar jobs are disappearing from our landscape. But I like most everyone else enjoy the low cost goods that American factories( and Unions ) have priced themselves out of. - -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Sunday, October 06, 2002 10:32 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Worley's Weekend Weeview ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn of Purchasing Managers) produces two major monthly reports, one on manufacturing, and one on the service sector. Both reports (indexes) consist of a number of sub-components, including an employment factor which is used to measure increase / decrease in actual jobs. Both reports this week showed that more jobs were being lost in Sept than in Aug, even tho the service sector report showed a strong gain overall. For some years now, the manufacturing sector has been losing jobs while the service sector has been gaining. It's unusual for both to lose jobs, and dovetails with most other employment data (except for Labor's reports). here's CNN's version of the report http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm - ----- Original Message ----- From: Ann To: canslim@lists.xmission.com Sent: Sunday, October 06, 2002 11:19 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, can you please explain this paragraph? Thanks, Ann ISM reports that September service sector growth jumped a full 3 percentage points to 53.9%, eighth straight month of growth, and well over expectations of a gain to 51.4%. As mentioned above, the rate of layoffs accelerated with the employment factor down to 46.6% from 47.3%, the 19th straight month of job losses. - ------_=_NextPart_001_01C27139.4F4D5D60 Content-Type: text/html; charset="iso-8859-1"
Rocky,
 Here is a prime example of our discussion. 1600 more people which will probably try and obtain service sector jobs...
 
_________________________________________________________________________________________________
Maytag to Close Plant, Cut 1600 Jobs
Friday October 11, 10:23 am ET
 

NEWTON, Iowa (Reuters) - No. 3 U.S. home appliance maker Maytag Corp. (NYSE:MYG - News) said on Friday it plans to close a refrigeration plant in Illinois and cut nearly 8 percent of its work force in an effort to cut costs.
ADVERTISEMENT
  
Maytag said its refrigeration plan calls for the construction of a new refrigeration production facility in Reynosa, Mexico. The new plant, expected to open in late 2003, will be located on the site of an existing Maytag subassembly operation and will make side-by-side refrigerators.
 
The company said 1,600 employees work at the Galesburg, Illinois, refrigeration products facility, which it expects to close by late 2004. Maytag employs more than 21,000 people around the world.
 
 
-----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Wednesday, October 09, 2002 12:32 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview

Appreciate everyone's comments on this extremely important issue.  Its actually not just the unions - the implications are bigger.   Each and every industry in this country eventually is supported in some way by Manufacturing.  Think about it!!!  

Look at any service industry - say Banking or Information Technology consulting, Insurance or whatever:    

They provide services either to Manufacturing & related companies (Suppliers, Distributors) or to people who work in Manufacturing & related companies. 

 

Someone mentioned that we are a Service economy.  This in itself is not possible.  Lets try to imagine a country in which the only jobs are service related.   Meaning a Insurance company insuring a Bank.  Ok and how does the bank make money - ok I guess from the IT consulting company.  Explore this tree long enough and you realize that at the bottom of it are the companies that make real, tangible goods.  Is Microsoft a manufacturer?  YES absolutely. 

 

Can Services be a self funding industry without there being actual production of any goods?  No way.  So when I look at the long term decline in Mfg in this country - its really scary stuff.  Yeah sure GE makes a lot of money by outsourcing to China and Mexico and Eastern europe and therefore makes American stock holders money - but the question is - what does outsourcing mfg offshore do to our economy?  In effect we are distributing our wealth to nations like China and mexico.  Make no mistake about it - manufacturing is a country's wealth.  Whether its manufacturing software or making widgets manufacturing a tangible item is what our economy is based on.   

 

I cant imagine free trade continuing to work in its present day form.  We will be forced to make some tough decisions -

·        Make offshore manufacturer's buy our products of our service industry. 

·        Levy quotas on goods imported for distressed industries

·        Levy quotas on making offshore manufacturers to make a certain quota of goods in the USA. 

 

Does this sound xenophobic or gargantuan?  Maybe - but I don't see a way around it.   

 

Rocky

 

 

 

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:56 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview

 

Rocky,

 Thank you for your comments.

My father has been in the transportation industry( trucking ) for 30 years. I have listened to many accounts of manufacturing facilities that were once shipping freight locally here in Texas move out of the country, or just go belly up not being able to match foreign prices( China, and Mexico in particular).

 

The unions are just tightening the noose around their own necks.

 

 

Scott

-----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Tuesday, October 08, 2002 3:44 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview

Scott,

 

I work extensively with Manufacturing companies throughout the country and I completely agree with your comments.  

One of the lessons coming home to roost is that you cant have an economy based entirely on the Service sector.  A society has to MAKE something tangible to have a thriving economy. 

 

Rocky

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:08 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview

 

I don't think the American public has realized the effects of losing our manufacturing jobs. Thousands of good paying blue collar jobs are disappearing from our landscape. But I like most everyone else enjoy the low cost goods that American factories( and Unions ) have priced themselves out of.

-----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Sunday, October 06, 2002 10:32 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Worley's Weekend Weeview

ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn of Purchasing Managers) produces two major monthly reports, one on manufacturing, and one on the service sector.  Both reports (indexes) consist of a number of sub-components, including an employment factor which is used to measure increase / decrease in actual jobs.  Both reports this week showed that more jobs were being lost in Sept than in Aug, even tho the service sector report showed a strong gain overall. For some years now, the manufacturing sector has been losing jobs while the service sector has been gaining. It's unusual for both to lose jobs, and dovetails with most other employment data (except for Labor's reports).

 

here's CNN's version of the report

 

----- Original Message -----

From: Ann

Sent: Sunday, October 06, 2002 11:19 AM

Subject: Re: [CANSLIM] Worley's Weekend Weeview

 

Tom, can you please explain this paragraph?

 

Thanks,

 

Ann

 

ISM reports that September service sector growth jumped a full 3 percentage points to 53.9%, eighth straight month of growth, and well over expectations of a gain to 51.4%. As mentioned above, the rate of layoffs accelerated with the employment factor down to 46.6% from 47.3%, the 19th straight month of job losses.

 

 

- ------_=_NextPart_001_01C27139.4F4D5D60-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2979 ****************************** 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.