From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #298
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 23 1998         Volume 02 : Number 298



In this issue:

       Re: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services
       Re: [CANSLIM] Re:My Boy, DB [Connie]
       Re: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services
       Re: [CANSLIM] Re:My Boy, DB [Connie]
       [CANSLIM] W's and MA's
       Re: [CANSLIM] W's and MA's
       Re: [CANSLIM] OBV/MF [Connie]
       Re: [CANSLIM] Re:My Boy, DB [Connie]
       Re: [CANSLIM] Re:My Boy, DB [Connie]
       [CANSLIM] W's and MA's
       Re: [CANSLIM] THRX--Newbies
       Re: [CANSLIM] Follow-through day
       Re: [CANSLIM] W's and MA's
       Re: [CANSLIM] OBV/MF [Connie]
       Re: [CANSLIM] THRX--Newbies
       [CANSLIM] Garbage email
       Re: [CANSLIM] W's and MA's
       Re: [CANSLIM] OBV/MF [Connie]
       [CANSLIM] W's and MA's
       Re: [CANSLIM] FINL
       [CANSLIM] "M", but not CANSLIM!
       Re: [CANSLIM] Garbage email
       Re: [CANSLIM] W's and MA's
       Re: [CANSLIM] W's and MA's
       Re: [CANSLIM] W's and MA's
       Re: [CANSLIM] FINL
       Re: [CANSLIM] FINL
       [CANSLIM] Follow Through
       Re: [CANSLIM] OBV/MF [Connie]

----------------------------------------------------------------------

Date: Wed, 24 Jun 1998 00:58:19 +0200
From: Johan Van Houtven <Johan.VanHoutven@ping.be>
Subject: Re: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services

DB wrote:

><<Please clue me in. How could I have known?
>
>I'd guess that I would have to create my own groups? Maybe this way: 
>take
>the groups above, delete all stocks with weak charts and weak fundies.>>
>
>I don't know what's available to you in Europe in terms of charting
>software. 

Not an issue. I can buy whatever software I want or need in the USA.

>I recreate the IBD groups with mine and then create group
>charts. 

Would you be willing to specifically explain how you recreate the IBD
groups step per step?

>But you can keep track of group movements by using IBD and
>Excel as well.  More time-consuming, but that may be the best you can
>do.

IBD is my only problem. Can't get it in a timely or afforable manner here.

>You may also find it helpful to keep track of price movers, volume
>movers, new highs, etc. 

I'm doing that (or trying to) with Quotes Plus V2 scanning and (basic)
charting software. I have this software since last week, so I'm still
learning how to use it and especially program it. 

>All that is available at bigcharts.  After a
>while you remember what groups what stocks belong in and you can pick
>up on which groups are attracting attention.  In the meantime, it's
>just a matter of keeping the records and tracking the stocks.  I don't
>know of an easier way (unless you want to spend several hundred
>dollars on software).  It's paying dues, I guess.

You thinking about Industry Monitors' IRL product?

I do have all IRL indices. They are however updated once a week only (every
Saturday). IRL groups come free with Quotes Plus V2.



Johan Van Houtven / CLICK! N.V.




- -

------------------------------

Date: Tue, 23 Jun 1998 19:01:11 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: Re: [CANSLIM] Re:My Boy, DB [Connie]

My Dear DB--

Of course, "aetiology" is spelled with an "a."    The word minus the "a"
is an Anglicizing of the Latin.  You did take Latin, didn't you?

You just won't learn, will you?

You're in over your head.

For what it's worth:  The period goes inside the quotation marks.
Oh, I forgot.  You probably went to an English university.  I should have
guessed as much.  Forgive my opaqueness.

Connie Mack




- -

------------------------------

Date: Tue, 23 Jun 1998 16:21:12 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services

<<>I don't know what's available to you in Europe in terms of charting
>software. 

Not an issue. I can buy whatever software I want or need in the USA.>>

I understand.  The download may be a problem, though.  If it isn't,
you're ahead.

As I've mentioned before, I use WOWS (Window On Wall Street).  I don't
know if it's the only software that allows you to create groups or
not, but it's what I have.

<<>I recreate the IBD groups with mine and then create group
>charts. 

Would you be willing to specifically explain how you recreate the IBD
groups step per step?>>

Sure.  I entered the group names, though I didn't put in all 197.  I'm
not all that interested in Metal-Fasteners.  Then I manually entered
all the symbols, updated the price and volume data, eliminated all
stocks under $5, under ADV of 40k, foreign stocks ending in Y or F,
"doubles" such as KELYA or KELYB (pick one), stocks with peculiar
extensions such as .TO (DialData doesn't always carry data for these).
 Once all that is done, I use the program to create a composite of the
group, i.e., all stocks in the group are combined to form one security
which can then be charted like any security.  I can then scan the
groups as well as all the stocks within the groups for technical
factors as well as fundamental factors, e.g., all stocks whose 17d
poked through their 50d that day. 

<<>But you can keep track of group movements by using IBD and
>Excel as well.  More time-consuming, but that may be the best you can
>do.

IBD is my only problem. Can't get it in a timely or afforable manner
here.>>

Then charting software may be the only answer for you.

<<>You may also find it helpful to keep track of price movers, volume
>movers, new highs, etc. 

I'm doing that (or trying to) with Quotes Plus V2 scanning and (basic)
charting software. I have this software since last week, so I'm still
learning how to use it and especially program it.>>

Not familiar with it, or at least the current version.  

<<>All that is available at bigcharts.  After a
>while you remember what groups what stocks belong in and you can pick
>up on which groups are attracting attention.  In the meantime, it's
>just a matter of keeping the records and tracking the stocks.

You thinking about Industry Monitors' IRL product?

I do have all IRL indices. They are however updated once a week only
(every
Saturday). IRL groups come free with Quotes Plus V2.>>

Well, that is an easier way.  I only know of the IRL/Metastock
connection, so I can't help you with Quotes Plus.  However, there may
be others at the HGS link I gave you who are using the combo you have
and can help you with it.  I don't know if the IRL groups match the
IBD groups or not.  IBD is touchy about that sort of thing.

Once you've got the groups set up along with all the component stocks,
it's just a matter of deciding what you want to scan for.  As you
know, I scan for movements in stochastics, MACDs and short-term EMAs. 
But you can also scan for all stocks that are within a certain
percentage of a new high or which had a volume change of greater than
X or a price movement of such and such.

- --Db











_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 16:24:09 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] Re:My Boy, DB [Connie]

<<My Dear DB--

Of course, "aetiology" is spelled with an "a."    The word minus the "a"
is an Anglicizing of the Latin.  You did take Latin, didn't you?

You just won't learn, will you?

You're in over your head.

For what it's worth:  The period goes inside the quotation marks.
Oh, I forgot.  You probably went to an English university.  I should
have
guessed as much.  Forgive my opaqueness.

Connie Mack>>

Be that as it may, would you like to respond to my original comment
now, or are you not finished with this particular thread?

- --Db





_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 19:29:55 -0400
From: Jeffry White <"postwhit@sover.net"@sover.net>
Subject: [CANSLIM] W's and MA's

> <<Can you point us toward the specifics of your example in December
> where
> the "W's and MA's" gave some indication that the follow through day was
> not the beginning of an intermediate term move up?
> 
> Thanks, Db.
> 
> JWW>>
> 
> This is getting a bit confusing.  I never referred to December or any
> previous follow-through days in my posts.  The reference to December
> was yours.  If you'd like to give me specific days, I'll look at the
> chart and see if it might have been any help.  
> 
> --Db
> 
> 

O.K., in simpler form.

You mention stuff about W's and MA's in regard to follow through days. 

I say, huh?  I point to December's failed follow through day, and 
suggest you apply your analysis, in detail, to that period of time.  You
say, "that's good enough for me".  Huh, again?

I request that you apply the "W's and MA's" to a "follow through" day
that failed, say, back in December.  I'd like to see what you are
talking about in action, that's all.  Where has your past experience
with "W's and MA's" pre-saged a failure of a "follow through day"?

Still confused?  In even simpler form.  What is so important in
determining Market Direction to the upside for CANSLIM'ers about "W's
and MA's"?  And give a specific example, please.

Thanks, again.

JW

- -

------------------------------

Date: Tue, 23 Jun 1998 16:42:31 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] W's and MA's

<<I request that you apply the "W's and MA's" to a "follow through" day
that failed, say, back in December.  I'd like to see what you are
talking about in action, that's all.  Where has your past experience
with "W's and MA's" pre-saged a failure of a "follow through day"?

Still confused?  In even simpler form.  What is so important in
determining Market Direction to the upside for CANSLIM'ers about "W's
and MA's"?  And give a specific example, please.

Thanks, again.

JW>>

I'm not sure why we seem to be arguing, or what it is we seem to be
arguing about.  Instead of reposting all of today's posts on the
topic, I'll just go to December as you suggest.  I don't know how you
define "follow-through day", so I'm not sure what it is you want me to
look for.  Are you counting the 12th or the 13th as the "rally day"? 
From there, which day are you counting as the "follow-through" day? 
If you can supply me with this, I can try to offer some suggestions as
to what Ws and MAs have to do with confirming the success of the rally
on the 28th.  And note that I said "confirm", as before--not
"determine".

- --Db







_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 20:04:33 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] OBV/MF [Connie]

db

While I won't condone name calling, I must agree that your comment was
entirely specious and unnecessary. Connie is a day trader, he doesn't
do due diligence. This is well known among those that have read his
posts.

If I did this as a CANSLIMer, you would have grounds for a smart
remark. In fact, and I have admitted it, I have done it several times
(most recently on GCABY) even tho I have preached doing your homework.
In my case, I failed to do my job. The fact that I managed to escape
both times with some profits is as much luck as it was good stock
picking in the first place.

Tom W

- -----Original Message-----
From: Connie Mack Rea <rea1@dp.net>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Tuesday, June 23, 1998 12:44 PM
Subject: Re: [CANSLIM] OBV/MF [Connie]


>DB--
>
>You really are an ass hole.
>
>Connie
>
>
>
>
>dbphoenix wrote:
>
>> <<Am teaching a long-time friend how to run scans and enter orders.
>> He did
>> exactly as I taught him:  Buying and selling must be mechanical
[for
>> him].
>> EQU and FFGI survived the scan: Therefore buy.
>>
>> He bought EQU for me, as he should have done.  FFGI was cancelled,
as it
>> should have been.
>>
>> That FFGI did not recall to mind that it stopped trading on 5-28
was my
>> fault.  What system can be more mechanical than one that won't
>> remember?>>
>>
>> Which is one of the chief differences between your way of doing
things
>> and CANSLIM.  A CANSLIM investor would never have entered an order
for
>> a company that no longer exists.
>>
>> --Db
>>
>> _________________________________________________________
>> DO YOU YAHOO!?
>> Get your free @yahoo.com address at http://mail.yahoo.com
>>
>> -
>
>
>
>
>-
>


- -

------------------------------

Date: Tue, 23 Jun 1998 20:10:08 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: Re: [CANSLIM] Re:My Boy, DB [Connie]

Really, DB--

"Be that as it may"--is that some obscurant and obsequious recourse to
excoriation?  Of most use would be a skin graft.

Just turn it off and tuck it in where I'm concerned.

Just imagine that when I want your comment, I'll ask for it.

Just pretend that your supposed calling  to bring salvation to the group was
misheard; it was a rejection that you heard.

Just pretend that every comment is not a veiled invitation that  will lie
intact but unedified without your intrusion.

Just pretend an abulia whenever you see my name.

Just imagine that I'm a very nasty troll who lives beneath the bridge and is
annoyed by your presence.

Connie Mack




dbphoenix wrote:

> <<My Dear DB--
>
> Of course, "aetiology" is spelled with an "a."    The word minus the "a"
> is an Anglicizing of the Latin.  You did take Latin, didn't you?
>
> You just won't learn, will you?
>
> You're in over your head.
>
> For what it's worth:  The period goes inside the quotation marks.
> Oh, I forgot.  You probably went to an English university.  I should
> have
> guessed as much.  Forgive my opaqueness.
>
> Connie Mack>>
>
> Be that as it may, would you like to respond to my original comment
> now, or are you not finished with this particular thread?
>
> --Db
>
> _________________________________________________________
> DO YOU YAHOO!?
> Get your free @yahoo.com address at http://mail.yahoo.com
>
> -




- -

------------------------------

Date: Tue, 23 Jun 1998 17:20:34 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] Re:My Boy, DB [Connie]

<<Really, DB--

"Be that as it may"--is that some obscurant and obsequious recourse to
excoriation?  Of most use would be a skin graft.

Just turn it off and tuck it in where I'm concerned.

Just imagine that when I want your comment, I'll ask for it.

Just pretend that your supposed calling  to bring salvation to the
group was
misheard; it was a rejection that you heard.

Just pretend that every comment is not a veiled invitation that  will
lie
intact but unedified without your intrusion.

Just pretend an abulia whenever you see my name.

Just imagine that I'm a very nasty troll who lives beneath the bridge
and is
annoyed by your presence.

Connie Mack>>

I take it that's a "no"?

- --Db







_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 20:24:37 -0400
From: Jeffry White <"postwhit@sover.net"@sover.net>
Subject: [CANSLIM] W's and MA's

Db,

I simply thought you might have some past examples where the W's and
MA's "confirmed" or "determined" that a "follow through day" (1% on
volume within 3-10 days of a low) was somehow more reliable an indicator
for an intermediate upturn in Market Direction than others.  I've not
read of such "confirmation" in HTMMIS, and wanted an example.  Not
arguing, just frustrated that my question was not clear enough for you.

So, show us an example of where the "W's and MA's" have helped you
"confirm" that a new uptrend has been established or is prone to
failure.  That's all.

Thanks

JW

- -

------------------------------

Date: Tue, 23 Jun 1998 20:19:20 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] THRX--Newbies

db,
I am assuming your comment of "having to break thru 27.50" refers to
breaking thru the 50DMA. I would expect this to be more critical
resistance to breach than the 200DMA (currently around 25)?

Current RS of 75, and GRS of 66, are not helping either. Add to this a
market cap of about $750 million with sales only now reaching about
$30 million/year, and it's trading even here on a lot of speculation
of future growth. From what I've read, its radioactive seeds does give
it a good "N", and the EPS of 99 is also quite attractive, nonetheless
management doesn't seem so excited with holdings of only 4%. U/D of
0.8 essentially neutral at this point.

Tom W

- -----Original Message-----
From: dbphoenix <dbphoenix@yahoo.com>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Tuesday, June 23, 1998 1:16 PM
Subject: [CANSLIM] THRX--Newbies


>
>Those of you who have been following this stock since I put up the
>charts on it may be wondering just what is going on.  At the time Tim
>mentioned it, I said that it had strong support at 25 but that it
>needed to at least move up above its 50d and stay there for two days
>minimum.  Yesterday it not only broke through 25 but its 200d as well
>on very heavy volume.  Today it's back up above its 200d and 25, also
>on heavy volume.
>
>Since I don't know of any news since last Friday, it looks like this
>is what's called a shakeout.  It's impossible to know except in
>hindsight.  There may also be a short-covering element to today's
>trading.  That will be more clear tomorrow and in the next few days.
>
>The point of this phenomenon is to shake stock out of weak hands in
>preparation for a drive upward.  Anticipating the move and playing it
>as such can be extremely risky, and is not a CANSLIM thing to do.
For
>one thing, it may not be a shakeout at all and the stock may be in
big
>trouble.  But given the level of support here, the suddenness and
>sharpness of the drop, and the fact that it lasted for only one day
>(apparently), this does seem to be what we're looking at in this
case.
>
>None of this, of course, has anything to do with buying or selling
the
>stock.  It's an exercise, as were the charts I put together on it
last
>week.  THRX still needs to move above its 50d and stay there, it
still
>needs to get through 27.50 and then 30 (where you'll find resistance
>as well as the 50% retracement level at or above which a constructive
>handle would form, if it forms at all).
>
>If, on the other hand, the stock resumes its decline and it turns out
>that this was not a shakeout at all, THRX will likely be out of the
>game for some time.  Anyone holding this stock should have a stop at
>the 200d.
>
>--Db
>
>
>
>_________________________________________________________
>DO YOU YAHOO!?
>Get your free @yahoo.com address at http://mail.yahoo.com
>
>
>-
>


- -

------------------------------

Date: Tue, 23 Jun 1998 20:43:26 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Follow-through day

Johan,
I haven't crunched the numbers, so this is pretty subjective and from
observation, but it seems the new highs/lows are improving at least in
a non-negative way. The number of new lows seems to be drying up,
while the nr of new highs seems to be growing. Still mostly a negative
ratio, but improving. It also seems a lot more stocks in the $20 - $35
range are showing up on the new highs list. The pattern is consistent
with what I expect from a "bottom", realizing that new highs/lows
ratios and other data lags the actual bottom, esp the new highs.

Tom W

- -----Original Message-----
From: Johan Van Houtven <Johan.VanHoutven@ping.be>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Tuesday, June 23, 1998 4:54 PM
Subject: [CANSLIM] Follow-through day


>I'm calling this a follow-through day per my interpretation of the
Big O's
>description.
>
>The NASDAQ is up more than 1%, even more than 2%, on volume that is
26%
>higher than yesterday.
>
>We started counting on 06/15. Today is day 6. That is within the
window of
>3 (4)  to 9 (12) days.
>



- -

------------------------------

Date: Tue, 23 Jun 1998 17:55:35 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] W's and MA's

<<Db,

I simply thought you might have some past examples where the W's and
MA's "confirmed" or "determined" that a "follow through day" (1% on
volume within 3-10 days of a low) was somehow more reliable an indicator
for an intermediate upturn in Market Direction than others.  I've not
read of such "confirmation" in HTMMIS, and wanted an example.  Not
arguing, just frustrated that my question was not clear enough for you.

So, show us an example of where the "W's and MA's" have helped you
"confirm" that a new uptrend has been established or is prone to
failure.  That's all.

Thanks

JW>>

Since I don't know exactly what days you're referring to in December,
I'll use what would have looked like a bottom at the time--the 19th. 
I don't know where you personally would begin counting, but there were
several legitimate follow-through days during the next ten days
(during the next few days, the bottom would be tested and this test
happened to fall on the 200d).  However, none of them were able to
push the index past its old high of 1650.  In fact, they weren't able
to stay above the 50d for more than a day.

This set the stage for another test, and a new bottom was reached in
January.  This leg exceeded the previous one, which is a plus, and the
rally was nice and sharp--no retesting of the lows here.  When it came
to the midpoint of the W (1600), however, there wasn't enough strength
to get past it, though there was enough strength to get through the
50d and stay there.  The fact that the index did not fall back through
the 50d was positive and a confirmation of strength, and on the 9th we
were off.

This is all hindsight, of course.  When the event is in your face, you
must make a decision based on the information you have available at
the time.  The only reason I made the original post today about Ws and
MAs was to provide additional information.  Whether anyone thinks it
has any value or chooses to use it is beyond my control.

- --Db
_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 17:34:46 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] OBV/MF [Connie]

<<While I won't condone name calling, I must agree that your comment was
entirely specious and unnecessary. Connie is a day trader, he doesn't
do due diligence. This is well known among those that have read his
posts.>>

The statement I was referring to was that which had to do with OBV. 
The comment regarding what a CANSLIMer would or would not do is
another matter entirely.  As to whether or not Connie's disinterest in
CANSLIM is well known to everyone on the list, I doubt that it's
announced to every newcomer.  Even if it is, I find it difficult to
understand why after all these many months he still does not use
CANSLIM stocks for his examples.  Since this is a CANSLIM forum, I
would not think that that would be an unusual or unreasonable
expectation.

- --Db





_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 17:38:55 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] THRX--Newbies

<<db,
I am assuming your comment of "having to break thru 27.50" refers to
breaking thru the 50DMA. I would expect this to be more critical
resistance to breach than the 200DMA (currently around 25)?>>

Correct.  But of course it has to go through 25 before it gets there.

<<Current RS of 75, and GRS of 66, are not helping either. Add to this a
market cap of about $750 million with sales only now reaching about
$30 million/year, and it's trading even here on a lot of speculation
of future growth. From what I've read, its radioactive seeds does give
it a good "N", and the EPS of 99 is also quite attractive, nonetheless
management doesn't seem so excited with holdings of only 4%. U/D of
0.8 essentially neutral at this point.

Tom W>>

All agreed.  I've been careful to point out that I'm not advocating
purchase or sale of the stock.  I'm using it only as an example for
the purpose of explaining certain chart patterns and the use of
certain indicators.  I used THRX only because it was under discussion
at the time.

- --Db





_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Tue, 23 Jun 1998 21:24:37 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Garbage email

Members,

I'm sitting here tonight, shaking my head, and wondering just how many
other members are also shaking their head, muttering "what a load of
garbage email to wade thru tonight!?"  Last I recall, this was never
intended to be an individual "chat" board, rather it was intended to
be a group CANSLIM board. An awful lot of what I read thru tonight
could be better conducted one on one via private email or chat (try
ICQ, works nicely, you can tell when the other person is on the net,
and they have a choice of responding to your invitation to chat)
rather than dragging all of us into it. I yearn for the peaceful days
of a few months ago when we talked, at least occasionally, about
CANSLIM stocks (not too many mentioned tonight out of about 50 emails)
and the worst we had to worry about was what "M" might do to us the
next day.

Is it possible for all of us to show some restraint and stop the name
calling and back biting, and get back to why we are here? Or is this
list to degenerate into what one member described, and accurately so,
as a typical Yahoo site?

I know that I just spent the best part of two hours reading all that
was flying back and forth, and gained very little from it. Would have
had more fun reading a novel, and made more money looking at a few
dozen charts. I hope this doesn't start an entirely new thread, rather
just ends several. Let's get back to the basics of why we are all
here.

Tom W



- -

------------------------------

Date: Tue, 23 Jun 1998 21:37:12 -0400 (EDT)
From: Deepak Kapur <kapur@cs.albany.edu>
Subject: Re: [CANSLIM] W's and MA's

I am sure most of you are avid IBD readers. IBD of June 24 declared today
as the follow-through day for the rally starting June 16. 
So Jeffry and Johan are correct in calling it that.  I thought
some of you might want to know.

Deepak

- -

------------------------------

Date: Tue, 23 Jun 1998 22:02:45 EDT
From: <CA011667@aol.com>
Subject: Re: [CANSLIM] OBV/MF [Connie]

Hi Connie,

Was wondering if you had any more tech advice on ABAG. Still holding but not
ready to sit through a long basing period with possible market rally at hand.
Volume has been very light with prices between 17-18. Any up to date info
would be appreciated.Chris.

- -

------------------------------

Date: Tue, 23 Jun 1998 22:09:52 -0400
From: Jeffry White <"postwhit@sover.net"@sover.net>
Subject: [CANSLIM] W's and MA's

> Subject: 
>             Re: [CANSLIM] W's and MA's
>        Date: 
>             Tue, 23 Jun 98 21:37:12 -0500
>        From: 
>             Deepak Kapur <kapur@cs.albany.edu>
>    Reply-To: 
>             canslim@TJOSLIN.COM
> Organization: 
>             THERIAULT & JOSLIN
>          To: 
>             canslim@lists.xmission.com
> 
> 
> I am sure most of you are avid IBD readers. IBD of June 24 declared today
> as the follow-through day for the rally starting June 16. 
> So Jeffry and Johan are correct in calling it that.  I thought
> some of you might want to know.
> 
> Deepak
> 

But, Deepak.  None of my posts, and certainly none of Johan's, were
CANSLIM.  ;)

You see, when the market is correcting/consolidating, and many, if not
all of us CANSLIM'ers are in cash, we must stick to talking about
micro-cap stocks with wide spreads, tiny floats, and none of which are
leaders, because that's why we are all here in the first place.  :0-)

Sorry, Tom.  At least I didn't call you any of those big words, or for
that matter the shorter ones, Connie Mack uses.

BTW, Deepak.  How the heck did you get IBD already?  Tough living way
out in the hills, here.

Jeffry

- -

------------------------------

Date: Tue, 23 Jun 1998 22:10:19 -0400
From: Ari Lawson <arilaw@erols.com>
Subject: Re: [CANSLIM] FINL

FINL

C:+42% Q,end,2/28/9
A:GR-21%
N:3/98,Plans to open 50-60 new stores+remodel 20-25 existing stores in  
  FY 1999.
S:(small) 18.6 shrs out.
L: GRS 99,RS 97,EPS 89
I: Funds 27%,Banks 14%,Mgmt 2% (?)Not too good.
M:Your opinion.

       COMMENTS WELCOME!


- -

------------------------------

Date: Tue, 23 Jun 1998 22:13:17 -0400
From: Jeffry White <"postwhit@sover.net"@sover.net>
Subject: [CANSLIM] "M", but not CANSLIM!

We hill folk are resourceful, however:

> Nasdaq Confirms Rally With 2% Advance
> Index Pops Above 50-Day Average As Techs
> Push Higher 
> 
> Date: 6/24/98 
> Author: Tricia Serju-Harris 
> 
> The Nasdaq Stock Market confirmed its change in direction Tuesday. Big
> caps led a broad tech rally that lifted the market more than 2% on sharply
> higher volume. 
> 
> The Nasdaq began its rally a week ago. Tuesday's advance, the sixth day
> of the attempted rally, delivered a better-than 1% rise on higher volume.
> Such a gain on the fourth through seventh days of a rally often signals that
> the market will trend higher. 


JWW

- -

------------------------------

Date: Tue, 23 Jun 1998 22:14:44 -0400
From: Ari Lawson <arilaw@erols.com>
Subject: Re: [CANSLIM] Garbage email

Tom Worley wrote:
> 
> Members,
> 
> I'm sitting here tonight, shaking my head, and wondering just how many
> other members are also shaking their head, muttering "what a load of
> garbage email to wade thru tonight!?"  Last I recall, this was never
> intended to be an individual "chat" board, rather it was intended to
> be a group CANSLIM board. An awful lot of what I read thru tonight
> could be better conducted one on one via private email or chat (try
> ICQ, works nicely, you can tell when the other person is on the net,
> and they have a choice of responding to your invitation to chat)
> rather than dragging all of us into it. I yearn for the peaceful days
> of a few months ago when we talked, at least occasionally, about
> CANSLIM stocks (not too many mentioned tonight out of about 50 emails)
> and the worst we had to worry about was what "M" might do to us the
> next day.
> 
> Is it possible for all of us to show some restraint and stop the name
> calling and back biting, and get back to why we are here? Or is this
> list to degenerate into what one member described, and accurately so,
> as a typical Yahoo site?
> 
> I know that I just spent the best part of two hours reading all that
> was flying back and forth, and gained very little from it. Would have
> had more fun reading a novel, and made more money looking at a few
> dozen charts. I hope this doesn't start an entirely new thread, rather
> just ends several. Let's get back to the basics of why we are all
> here.
> 
> Tom W
> 
> - With the risk of adding to all the CHAT,which i read every word of 
because i don't want to miss anything IMPORTANT. HERE! HERE!
 
     ARI


- -

------------------------------

Date: Tue, 23 Jun 1998 22:19:40 -0400 (EDT)
From: Deepak Kapur <kapur@cs.albany.edu>
Subject: Re: [CANSLIM] W's and MA's

>BTW, Deepak.  How the heck did you get IBD already?  Tough living way
>out in the hills, here.

The ibd site on the web has some pages of the ibd online, particularly
I usually scan through the market commentary. 
The url is http://www.investors.com/index.html

Deepak

- -

------------------------------

Date: Tue, 23 Jun 1998 22:53:41 -0400
From: Craig Griffin <cagriffin@mindspring.com>
Subject: Re: [CANSLIM] W's and MA's

Jeffry,

You wrote:
>At least I didn't call you any of those big words, or for
>that matter the shorter ones ...

Thanks JW, I chuckled (in fact the entire list is turning into quite a
comic opera).  This kettle calling the pot black stuff is pretty funny.
What is it about name calling being the first refuge of a person who can't
reason or was that something else? ... I forget ... probably WAY Off Topic
besides.  

Anyway ... lets get back to the issue at hand ... which is ... again, I
forget.  

Now I just need to get my email filters set up to get rid of some of these
people posting this useless stuff ... like this email of mine for example.
Hey (snapping fingers), maybe my name should be the first one on the list
(to be filtered out I mean).   First I need to decide whether to put it in
the "Pot List" or the "Kettle List" or just the "Black List" for
simplicity.  All you kettles and pots out there, be warned, I may not be
reading your email anymore (or mine either for that matter).  Yep, gotta go
now - gonna get my filters up.

Regards,
Craig

PS. Found some stocks to buy, but I'm not going to talk about them in the
spirit of being "with it", "hep", "jungle jim", "groovy".  You know. Naaa
naa, na naaa na.  Over and out.  


PPS. ;^) Just kidding.  Here's a few nice charts - you folks will need to
do your own Canslim homework (I haven't had time to check them out yet, too
busy at Comedy Central) ...

abte
tcoma
xcit
biox
elnk
mspg
lgto
lhspf
lu
medi
rcl

Happy trades (as they say in QP land).

- -

------------------------------

Date: Tue, 23 Jun 1998 23:06:47 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] W's and MA's

Funny, Jeffy, while you were in cash, I was fully invested on the long
side, and still only have one losing CANSLIM based trade for the past
nine months, and that was only 3/8 of a point. And that's cuz I got
too aggressive. My fault, I realized it, admitted it, and took my
minor loss, and dodged an even bigger loss had my ego gotten in the
way. Only reason I got any cash right now is I took another profit
last week, and didn't get filled on my buy limit today. Go figure!

While my returns aren't as spectacular as several months ago, I'm
still making more in a week than Mr. Banker would pay me in interest
in a year were I to be in cash.

Not something I would suggest to an inexperienced investor/trader, but
then I don't consider myself inexperienced in either capacity.

Back to lurking, it's a lot more peaceful, and productive, and
profitable, in that capacity.

And, Jeffry, despite my plea for restraint, you'll never convince me
you're sorry for what you write. Last I heard, we're all here to learn
and make money. I've been making money for the past several months
(tho I've not had the opportunity to discuss it like I prefer), and
I've not learned as much as I would like with all the bickering. Some
may choose cash during a correction, some may choose to short stocks
they view as overvalued. I happen to find ways to still make money on
the long side. You haven't seen me mocking other investors methodology
during a correction, why mock mine. I'm succeeding, and that's where I
find happiness.

Tom W

- -----Original Message-----
From: Jeffry White <"postwhit@sover.net"@sover.net>
To: canslim@mail.xmission.com <canslim@mail.xmission.com>
Date: Tuesday, June 23, 1998 10:06 PM
Subject: [CANSLIM] W's and MA's


>> Subject:
>>             Re: [CANSLIM] W's and MA's
>>        Date:
>>             Tue, 23 Jun 98 21:37:12 -0500
>>        From:
>>             Deepak Kapur <kapur@cs.albany.edu>
>>    Reply-To:
>>             canslim@TJOSLIN.COM
>> Organization:
>>             THERIAULT & JOSLIN
>>          To:
>>             canslim@lists.xmission.com
>>
>>
>> I am sure most of you are avid IBD readers. IBD of June 24 declared
today
>> as the follow-through day for the rally starting June 16.
>> So Jeffry and Johan are correct in calling it that.  I thought
>> some of you might want to know.
>>
>> Deepak
>>
>
>But, Deepak.  None of my posts, and certainly none of Johan's, were
>CANSLIM.  ;)
>
>You see, when the market is correcting/consolidating, and many, if
not
>all of us CANSLIM'ers are in cash, we must stick to talking about
>micro-cap stocks with wide spreads, tiny floats, and none of which
are
>leaders, because that's why we are all here in the first place.  :0-)
>
>Sorry, Tom.  At least I didn't call you any of those big words, or
for
>that matter the shorter ones, Connie Mack uses.
>
>BTW, Deepak.  How the heck did you get IBD already?  Tough living way
>out in the hills, here.
>
>Jeffry
>
>-
>


- -

------------------------------

Date: Tue, 23 Jun 1998 23:24:03 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] FINL

Phew, what a relief to be able to talk about a stock for a change, so
much less emotional!!

Lots of CS stuff to commend this one. RS of 97, EPS of 89, both
Timelinesss and A/D are A, up/down ratio at 2.0, no debt, etc. For
those that like a lot of company, funds already have 27% of the float.
On the other hand, management only has 2% of the issue, meaning the
float is pretty much the issue as well.

The pop two days ago took it over 10% above the very short (less than
2 week) base it had been attempting to establish around 27. If you
step back and take a broader perspective, it was basing for nearly
nine weeks at the 25 level, but still it now is nearly 20% over that
base. With volume over the past two weeks only beating ADV on three of
those days, it appears to be more like it's entering into a base,
which may lead to a retracement back to the 25 level.

Nice candidate for a watch list, not sure I would move it forward to a
"buy" list at this time.

Tom W

- -----Original Message-----
From: Ari Lawson <arilaw@erols.com>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Tuesday, June 23, 1998 10:07 PM
Subject: Re: [CANSLIM] FINL


>FINL
>
>C:+42% Q,end,2/28/9
>A:GR-21%
>N:3/98,Plans to open 50-60 new stores+remodel 20-25 existing stores
in
>  FY 1999.
>S:(small) 18.6 shrs out.
>L: GRS 99,RS 97,EPS 89
>I: Funds 27%,Banks 14%,Mgmt 2% (?)Not too good.
>M:Your opinion.
>
>       COMMENTS WELCOME!
>
>
>-
>


- -

------------------------------

Date: Tue, 23 Jun 1998 20:38:58 -0700 (PDT)
From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] FINL

<<The pop two days ago took it over 10% above the very short (less than
2 week) base it had been attempting to establish around 27. If you
step back and take a broader perspective, it was basing for nearly
nine weeks at the 25 level, but still it now is nearly 20% over that
base. With volume over the past two weeks only beating ADV on three of
those days, it appears to be more like it's entering into a base,
which may lead to a retracement back to the 25 level.

Nice candidate for a watch list, not sure I would move it forward to a
"buy" list at this time.

Tom W>>

Nice analysis, Tom.  And you noticed that your MACD gave a buy signal
as the stock came out of the base you mention (the weekly hasn't given
a signal since February).


- --Db





_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com


- -

------------------------------

Date: Wed, 24 Jun 1998 10:54:01 +0700
From: "Peter Christiansen" <peterc@loxinfo.co.th>
Subject: [CANSLIM] Follow Through

Major Stock Indexes Surge In Follow-Through Action
Date: 6/24/98

Continuing to frustrate the bears, stocks moved sharply higher in behavior
that often signals a change in market direction from down to up. All major
indexes gained well over 1% as trading increased from Monday's low level.
The Nasdaq composite led the charge by rallying 2.14%. A subindex of its 100
biggest issues leapt 3% to a new closing high. The Dow industrials rose
117.33 points, or 1.35%, to 8828.46. The S&P 500 added 1.48%.





- ----------------------------------------------------------------------------
- ----
(C) Copyright 1998 Investors Business Daily, Inc.
Metadata: E/IBD E/SN1 E/FRT E/NDIG

Peter Christiansen
Chiang Mai - Thailand


- -

------------------------------

Date: Wed, 24 Jun 1998 00:07:59 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: Re: [CANSLIM] OBV/MF [Connie]

Morning Chris--

My guess is that you'll get your answer this morning.  Both the SloSto and MACD
are breaking down.

I wouldn't take any more than a 3/8 to 1/2 point loss from here.

Think you may have had your ride for the moment.

Thanks for the mail.  Sorry not to have better news.

Connie Mack








CA011667@aol.com wrote:

> Hi Connie,
>
> Was wondering if you had any more tech advice on ABAG. Still holding but not
> ready to sit through a long basing period with possible market rally at hand.
> Volume has been very light with prices between 17-18. Any up to date info
> would be appreciated.Chris.
>
> -




- -

------------------------------

End of canslim-digest V2 #298
*****************************

 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.