From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #303 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Thursday, June 25 1998 Volume 02 : Number 303 In this issue: Re: [CANSLIM]AACE was Stock lists [for David Reid] Re: [CANSLIM]AACE was Stock lists [for Connie] Re: [CANSLIM]AACE was Stock lists [for Connie] Re: [CANSLIM] M - And now for something completely different. Re: [CANSLIM]AACE was Stock lists [for Connie] Re: Not Canslim, unfortunately (was [CANSLIM] MSON) Re: [CANSLIM]AACE was Stock lists Re: [CANSLIM]AACE was Stock lists Re: [CANSLIM] Stock lists Re: [CANSLIM]AACE was Stock lists Re: [CANSLIM] Stock Lists Re: [CANSLIM] Stock lists Re: [CANSLIM]AACE was Stock lists Re: [CANSLIM] Stock lists Re: [CANSLIM]AACE was Stock lists [for Connie] Re: [CANSLIM]BUNZ Re: [CANSLIM] buying/selling tactics Re: [CANSLIM]BUNZ Re: [CANSLIM] M - And now for something completely different. Re: [CANSLIM] Stock lists Re: [CANSLIM] Charting sources(new site) Re: [CANSLIM] buying/selling tactics ---------------------------------------------------------------------- Date: Thu, 25 Jun 1998 17:36:56 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM]AACE was Stock lists [for David Reid] David-- Looks to me that your exit on NSCP was a good one. Probably deserves another look if it corrects down to 22.87 or so. The MF looks barely okay. But OBV has good pos. div. Too, this is trader's stock. There will always be some action. Congratulations on your 3-pointer. Any CS candidates that look promising? I'll be glad to put the old TA to them. With your permission. Don't see any reason why members, while they are learning to set up scans, ought to be taboo to those who have already learned and have lists of candidates. Connie Mack David Reid wrote: > Thanks Connie , > I was in aace before myself bot it at 13 and sold it at 17. > I recently dipped to 14 or so again , I should have bot it back . > by the way I sold nscp today in a rally this morning . > I am glad that one is gone although I did finally make 3 points on it. > > Dave > > Connie Mack Rea wrote: - - ------------------------------ Date: Thu, 25 Jun 1998 18:39:26 -0700 From: David Reid Subject: Re: [CANSLIM]AACE was Stock lists [for Connie] heres a couple of canlimers for you connie rush, pfina, hain, acf, mini help yourself to these cause I aint selfish. you see I am from the country and we are used to sharing not like most city slickers dave Connie Mack Rea wrote: > David-- > > Looks to me that your exit on NSCP was a good one. > > Probably deserves another look if it corrects down to 22.87 or so. > > The MF looks barely okay. But OBV has good pos. div. > > Too, this is trader's stock. There will always be some action. > > Congratulations on your 3-pointer. > > Any CS candidates that look promising? I'll be glad to put the old TA to > them. With your permission. > > Don't see any reason why members, while they are learning to set up scans, > ought to be taboo to those who have already learned and have lists of > candidates. > > Connie Mack > > David Reid wrote: > > > Thanks Connie , > > I was in aace before myself bot it at 13 and sold it at 17. > > I recently dipped to 14 or so again , I should have bot it back . > > by the way I sold nscp today in a rally this morning . > > I am glad that one is gone although I did finally make 3 points on it. > > > > Dave > > > > Connie Mack Rea wrote: > > - - - ------------------------------ Date: Thu, 25 Jun 1998 18:47:50 EDT From: Subject: Re: [CANSLIM]AACE was Stock lists [for Connie] Careful Dave there's at least one Macro in that bunch! Mini's on my watch list also. How about THQI and TXCC. Greg - - ------------------------------ Date: Thu, 25 Jun 1998 19:08:41 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] M - And now for something completely different. At 12:24 PM 6/25/98 -0400, you wrote: >Frank, >Hope your headache is better. Thanks for the flip side view - good >thinking and always a possibility. So we will see how today works out. Much better, thanks. >PS. There may very well be a pullback / shakeout as you envisioned, but >the move looks real based on leadership and volume (at this point in time). > As always, one day at the time for reading the market. Just the facts, >please. > Actually, I draw as many trendlines from as many hi's & lo's as possible. I even draw trendlines, support/resistance on the indicators themselves. Sometimes a new perspective reaches my feeble vision, I may not believe it, but there it is. The move is possible, it's not inevitable and least of all sure, but the potential is there. It has to be considered and it has to be prepared for. I don't see clearly enough or think untainted by outside influence enough, in order to be considered as having envisioned anything. I simply tried on many shoes and found more than one pair fit! And since fishing is the current analogy of choice, "Have found a great spot", "Wife and Kids are having a great time". "Wish you were here!" Best Regards and good trades, Frank Wolynski - - ------------------------------ Date: Thu, 25 Jun 1998 19:33:22 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM]AACE was Stock lists [for Connie] Greg-- THQI is technically weak and looks about to correct. TXCC, despite today's nice move, still looks technically weak: MF is very modestly positive; OBV is a bit more positive. Both are showing signs of weakening over the last 7-10 days. Stochastic turned sell. MACD is ambiguous. The EMA, before today, was still sell. Need to see improvement before further consideration. I turned up these stocks in the OBV/MF scan. I was watching FINL this morning and still haven't had time to look further. Members might see if any are interesting as CS or as technical candidates. Connie Mack SACADS@aol.com wrote: > Careful Dave there's at least one Macro in that bunch! > > Mini's on my watch list also. How about THQI and TXCC. > > Greg > > - - - ------------------------------ Date: Thu, 25 Jun 1998 19:42:20 -0400 From: "Tom Worley" Subject: Re: Not Canslim, unfortunately (was [CANSLIM] MSON) Primary reason, IMHO, is I was planning to buy another 500, and didn't! Did some checking around tonite, nothing substantial, everyone seems confused and surprised by it. Does give another good example of the danger of using insider selling as a guide (the CEO has been selling recently, now several dollars cheaper). Good volume (almost 8X ADV) and a one day 42% price gain. Sadly, it's still just a "fundamentals" play, got a long way to go to be CANSLIM again. It's possible something good has developed on the lawsuit. Otherwise, only thing that may account for this move may be a takeover. Tom W - -----Original Message----- From: SACADS@aol.com To: canslim@lists.xmission.com Date: Thursday, June 25, 1998 12:20 PM Subject: [CANSLIM] MSON >Tom and others interested. This Macro appears on the move today. Not sure >why, any ideas? Not pure CS by any means but has been discussed here >previously and is on my watch list. (there's one Jeff). > > > >- > - - ------------------------------ Date: Thu, 25 Jun 1998 21:46:17 -0400 From: "Tom Worley" Subject: Re: [CANSLIM]AACE was Stock lists Basic CS elements real good (RS 94, EPS 90, A/D B, Timeliness A). Three straight days of breakout volume. However, first day only dried up supply (that's ok), second day moved the price, third day was apparently sellor's into the rally, and brought it right back to the base. At the moment looks like a failed rally, but that could change if volume persists. This stock has been mentioned several times before as a CS candidate. I've never traded it, guess my biggest problem has been on moral grounds, concerned that it preys too much on the poor. OK, alright, there's still a little of my closet liberalism left in me, I admit it. From a purely fundamental standpoint, with three qtrs done, it is well positioned to reach the analyst's full year forecasts. On the other hand, to do so, it must achieve better earnings than in any recent qtr excepting the latest. I have not researched their SEC filings for last qtr to account for the sharp increase in profit for the last qtr, but appears to be some seasonality. I would want to be convinced that this can continue into the Q4 and raise profits. Tom W - -----Original Message----- From: David Reid To: canslim@lists.xmission.com Date: Thursday, June 25, 1998 3:32 PM Subject: Re: [CANSLIM]AACE was Stock lists >> Ace cash express aace > >check the chart and give me your opinion .Is it forming a cup and >handle. >This is on my list. >please dont chew me out for it. > >Dave > > > >- > - - ------------------------------ Date: Thu, 25 Jun 1998 13:08:58 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM]AACE was Stock lists <<> Ace cash express aace check the chart and give me your opinion .Is it forming a cup and handle. This is on my list. please dont chew me out for it. Dave>> Jeez, Dave. Is that what we're doing? I haven't checked the activity today, but it got past its previous high at 17.5 on good volume. What's more important is that it didn't jump 4 points like SYNT. Next resistance, of course, is the old high at 19. Support is strong at 17, so, as of yesterday, your risk was 7/8ths point. Now what's your reward? If you use the 50/100 rule (50% above the 50d and/or 100% above the 200d), your reward is between 24 and 26. Call the stock 18 and that gives you a risk/reward of 1 to 6, which is not bad at all. My only caveat is that the weekly chart may be getting a little toppy. But since the stochastic is moving up, the MACD may begin to move as well IF the stock begins to trend. Otherwise, it's back to 17. Now that didn't hurt, did it? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 25 Jun 1998 20:42:43 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Stock lists I'll respond to this post, since I'm being mentioned. I have historically posted my watch list on a regular basis, and expect to do so again in the future when my testing is done (hopefully another few weeks). When I was still licensed, I also immediately announced every buy or sell that I did. My experience is that there will always be members who will use this list in the vein intended, that is to take the list and look at charts and evaluate the CS elements, and decide if that is something they want to add to THEIR watch list. And there will also always be those members that will simply make, at best, a superficial review of those same stocks and then go buy one or more of them, mostly because "so and so" likes them. For the latter situation, my concern (and payback, if you will) is that I typically buy less than one in three of the stocks that make my watch list. Some come off the list because they ran away before I could catch them. But far more leave the list because they fail to meet my standards (and they are CANSLIM, even if the price is below $12, and I no longer post those to avoid all the criticism and controversy over price). Someone that buys a stock just because "Tommy likes it" is, sooner or later, going to get whacked. After that, they are less likely to like my picks and so are not a bother or concern to me. Over the past several years I have had private email from many members thanking me for my "lists". Many have commented that they don't like all on the list. That's good, tells me they're using my list as a starting point and doing their own homework. I've also had mail from numerous members thanking me for mention of one or another stocks that they bot and made money on. Most often, they were the stocks that were the "pick of the litter". Again, tells me they did their own homework. Truth is, many members can compile their own "watch list" without this group's assistance or fancy or expensive software. I think there is a danger from all the discussion on TA in that some may be trying to use TA to find CANSLIM stocks. I would quietly suggest you use CANSLIM to find CANSLIM stocks, then use TA to evaluate the strength, weakness, and timeliness of each. You'll have far fewer stocks to look at that way. I use new highs as an entry point, there are many sites free on the net that can give you this list daily. After that, the cheapest route is go to your local library and check them against their copy of IBD. Doesn't even have to be the latest issue, a day or so old doesn't matter, most CS elements don't change that fast. If the EPS or RS is 50, and the paper is two days old, you know it doesn't meet what WON recommends, even today. You don't even need a chart to tell you to forget it, at least for now. Now that I have DGO again, I am also using their new report on stocks within 5% of their high, with RS and EPS both over 80 and A/D of C or better, as another source (sorry, members, tried to get DGO to let me post this list, but can't due copyright and would violate my agreement with them). But this list is also useful in that every stock on it at least meets the basics of CANSLIM requirements, and is poised for a potential breakout. After that it's a matter of looking at the chart, and all the other CS data. While I do violate the EPS over 80 rule (I use 75), I never violate the RS over 80 rule. And when I do buy a stock with an EPS under 75, I can consciously justify it, usually on the basis of a single bad year at least a year ago, with more recent earnings well offsetting it. I also believe I have the experience at investing in general and CANSLIM in particular to make these judgement calls. Not all investors can do so, however. Aside from price, I don't post stocks that are not valid CS candidates. And I quit posting the stocks I "liked" that were under $12, to eliminate this "noise". But that doesn't mean each is currently a "buy" stock. Nor will I ever post, even on a home page, a "buy" list. I would hate to see lists being offered with lengthy disclaimers like I had to do. On the other hand, I do try to review thru DGO any lists offered, at least till I form an opinion about the author's perspective. I personally gain little from other investors lists, either because they are out of my price range or because they fail my personal requirements for CS elements. But that still doesn't stop me looking at the lists as time permits, and occasionally offering comments back. (sorry for the time out, started raining and had to go to the window and cheer mother nature on! - didn't help) Lists are also useful to this group, as I believe we are a pretty good cross section of the more intelligent and mature portion of the individual investor community. Knowing what we are looking at and thinking can give a decent guide to our perspective on "M". It can also keep some of out of trouble thru feedback. And I also think that our collective wisdom is not that far apart from the better institutional managers either. Sorry to get on my soap box again, I do agree with those members not willing to share the fruits of their labor, I'm that way as well. I understand not wanting to share your lists except with those you know are doing their homework. On the other hand, I have had several stocks deleted from my lists after a group member alerted me to a fact (often a buyout) that I wasn't aware of. Even then, I've still managed to buy several and end up playing the arbitrage side of the mkt, but dodged several bullets thanks to member's feedback. Part of my enjoyment as a broker was educating and sharing knowledge. I will resume sharing my lists when I can, I personally dislike not doing so currently, and will change this as quickly as I can. Don't know if it will encourage others to do likewise, esp since some members don't consider any of my picks to be CANSLIM, but that's their issue. I am always ready to defend my list on CANSLIM criteria. BTW, db, welfare as we have come to know it is changing with the new rules limiting it to a max of two years. Those who have chosen for decades to let others fish for them are about to get real desperate if they don't learn a job skill. Even here in S. Fla, where unemployment still runs about 6.5%, the number already leaving the welfare roles are impressive. Tom W - -----Original Message----- From: dbphoenix To: canslim@lists.xmission.com Date: Thursday, June 25, 1998 1:52 PM Subject: Re: [CANSLIM] Stock lists ><our own >methodology) we in essense are all working together (regardless of >discipline) >to increase each other's wealth.>> > >Much as I respect your intelligence and your opinion, I must disagree. > If given a list or lists by certain working members (such as Tom, who >doesn't seem to mind), we are not working together in essence or >otherwise. Some are working and some are benefiting from the work of >others. > ><good, it >simply doesn't work. As an example look to our wonderful welfare >system. >No >matter how much training or knowledge you provide the welfare rolls >continue >to increase. Maybe some don't want to fish?>> > >Maybe not. But if the fish were no longer provided and the >fisher-to-be were faced with starvation, he'd probably learn to fish >PDQ. > >Your honesty with regard to tools and time is appreciated. However, >I'm just not the wonderful human being I'd like to be. I'd feel like >a real chump working so many hours and giving it away for nothing in >return, even if the something in return were only time spent by >someone learning how to do it on his own. > >--Db > - - ------------------------------ Date: Thu, 25 Jun 1998 13:35:38 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM]AACE was Stock lists <> My apologies. Blew right past that. Too much mail. Technically, it is a cup, though it's one of the most bu**-ugly cups I've ever seen. It may help to think of retracement rather than cup-shapes and handle-bases. This one went from a high of 19 to a low of 14. A 50% retracement would bring it to 16.5 which, give or take a quarter point, is where it formed a slightly ascending base. And that 16.5 is where it took off from. Or from where it took off. Or off from where it took. In other words, yes. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 25 Jun 1998 20:59:37 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Stock Lists Jeffry, Kinda hard keeping you on the straight and narrow when we don't know what you're buying, selling or watching. Don't even know if what you may advocate (shorting, buying in the money puts on internet stocks or other overvalued stocks, going long, etc) work out in terms of the markets history subsequently. Thus difficult to form any opinion on how well you really understand "M". Pesonally, letting this quite mature, and usually civilized, group know what I am doing (or looking at) has resulted in far more intelligent feedback than in "noise" that only distracted me. Hasn't prevented me from going ahead and making my own mistakes, as well as successes. Could you elaborate further on how "C" or "L" or "some other CANSLIM focus" diverts your attention?? Aren't these all part and parcel of your version of CANSLIM? Tom W - -----Original Message----- From: Jeffry White To: canslim@mail.xmission.com Date: Thursday, June 25, 1998 2:10 PM Subject: [CANSLIM] Stock Lists >> About this stock list business. I don't want to give the impression >> that I'm on some sort of moral high road here. We're talking pure >> selfishness. > > >Unfortunately, I think my reason for not posting lists, or even picks, >is more selfish than Db's. > >Simple answer...I don't want to hear what people think of my stocks. I >like to make my own mistakes and have my own successes. If I start >listening, I'm more apt to make mistakes which offer no useful >educational benefits. Alternatively, if I'm not totally responsible for >my successes, it starts to seem to easy. Both short, straight roads to >the same destination: loss of trading confidence and focus which leads >(me, at least) to disasterous results. > >Although I've said this before, I'll say it again to stave off the >certain attack to come if I don't (and maybe even if I do). I'm a >member of this list because the constant reminders form fellow >CANSLIM'ers of the particulars of the discipline helps keep it all in my >head rather than having my attention diverted by the "C" or the "L" or >some other CANSLIM focus. Like reading HTMMIS more than one page at a >time. > >Sorry, no lists, just "M". > >JW > >- > - - ------------------------------ Date: Thu, 25 Jun 1998 18:08:10 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Stock lists <> I'll disagree that such a list meets the *basics* of CS as it reflects only earnings, relative strength and proximity to a new high, but my disagreeing shouldn't come as any surprise. Be that as it may (there's that be that as it may again), a similar list is available for free at Delphi except that EPS down to 70 is included, along with "Timeliness" and a few other things. I've supplied the link twice before but will gladly supply it again if anyone is interested. Copyright is not an issue, unless there's something more on the list that you haven't mentioned. Otherwise, anyone mentioning an EPS or RS rank anywhere would be in violation of copyright. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 25 Jun 1998 21:11:43 -0700 From: David Reid Subject: Re: [CANSLIM]AACE was Stock lists thanks db I have got another one for you to look at too I have been riding this one a long time. It has gotten pretty beat up the last couple months but seems to be making a come back. it is BUNZ . Real positive news today they were ranked #1 in the type of restaurant business they are in . hey they beat blimpies mickydees and burger king easily check out the PE and the growth rate let me know what you think . The chart is pretty ugly right now but I think it is ripe for a turn around. thanks again dave dbphoenix wrote: > <<> Ace cash express aace > > check the chart and give me your opinion .Is it forming a cup and > handle. > This is on my list. > please dont chew me out for it. > > Dave>> > > Jeez, Dave. Is that what we're doing? > > I haven't checked the activity today, but it got past its previous > high at 17.5 on good volume. What's more important is that it didn't > jump 4 points like SYNT. Next resistance, of course, is the old high > at 19. Support is strong at 17, so, as of yesterday, your risk was > 7/8ths point. Now what's your reward? If you use the 50/100 rule > (50% above the 50d and/or 100% above the 200d), your reward is between > 24 and 26. Call the stock 18 and that gives you a risk/reward of 1 to > 6, which is not bad at all. > > My only caveat is that the weekly chart may be getting a little toppy. > But since the stochastic is moving up, the MACD may begin to move as > well IF the stock begins to trend. Otherwise, it's back to 17. > > Now that didn't hurt, did it? > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Thu, 25 Jun 1998 21:15:37 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Stock lists Yeah, but my "reviews" come with a price limit and at least a one day delay (and you probably hated 20 minute delayed stock quotes) while I get "positioned". You would still need someone to cover the higher priced stocks I can't afford. Idealistically, it's not a bad idea. Realistically, those willing to share the "fruits of their labor" will do so, the rest won't, and/or will only benefit or try to scavenge from these "pearls of wisdom". I won't post this new list from DGO because I don't want to violate the contract with DGO, and lose the service all together. Other members may have similiar copyright restrictions. I do know that I expect to make far more than what it cost to have access to DGO, but that's each member's own choice depending on his finances, and what he or she may find free on the net, and how useful and profitable it may be. And, truth be, I honestly haven't felt like we're all working together. With over 800 members, we only hear from or get contributions from about 10% of the group membership, usually even less. This is a pretty civil group, yet we get very little participation from the majority of members. Tom W - -----Original Message----- From: SACADS@aol.com To: canslim@lists.xmission.com Date: Thursday, June 25, 1998 2:50 PM Subject: Re: [CANSLIM] Stock lists >Jans, > >Of course it's not too much. Maybe I'm not explaining myself well enough. >Call me lazy, a communist, whatever but why if were all working together, (are >we not?) should every member of the group purchase this software program, IBD, >DGO, and the vast array of screening tools available? Why spend hours of time >each day screening when if we split the responsibility we all save so much? > >If I own IBD and do weekly screens on stocks and you own QPv2 and do the same >and we share this information with each other we both benefit. Tom throws in >his DGO screening information, Connie works the TA side, DB keeps us posted on >"M", i.e. everyone contributes and we all win. > >I suppose I'm being pretty unrealistic. "A" type personalities are not likely >to share anything without a known "profit". But could you imagine ten >dedicated people sharing ideas and resources openly and honestly without >personal attacks? Humm, me neither. > >Greg > >- > - - ------------------------------ Date: Thu, 25 Jun 1998 20:14:32 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM]AACE was Stock lists [for Connie] Hell, David, I ain't the sharpest shovel in the shed but I know a hoe from a rake. Let's see what we've got. RUSH: No OBV/MF. Stochastic is making lower lows. MACD in decline. EMA is sell. PFINA: MACD not promising. Stochastic still sell. OBV is strong and minimally positive; no MF. Nothing here yet. HAIN: Have 3 days of new SAR. MACD looks good and improving while at the same time the Stochastic looks oversold. EMA still a buy. No positive divergence in OBV/MF. Nice looking stock; plenty strong. You're pushing the 52-wk high. It's a new game now at this level. ACF: Not OBV/MF. MACD is three day's buy. Stochastic approaching oversold and strong EMA is already five days old and is still strong. MINI: Price hasn't responded to strong Stochastic. EMA may have given a first level buy. MACD just turned buy. MF is bit chaotic. However, OBV has nice positive divergence. EMA about ready for first, maybe second, level buy. David, you might throw up a 20/50/100 EMA on each of these. Will give you some idea of where support/resistance might be. Connie Mack David Reid wrote: > heres a couple of canlimers for you connie > rush, pfina, hain, acf, mini > > help yourself to these cause I aint selfish. > you see I am from the country and we are used to sharing > not like most city slickers > > dave > > Connie Mack Rea wrote: > > > David-- > > > > Looks to me that your exit on NSCP was a good one. > > > > Probably deserves another look if it corrects down to 22.87 or so. > > > > The MF looks barely okay. But OBV has good pos. div. > > > > Too, this is trader's stock. There will always be some action. > > > > Congratulations on your 3-pointer. > > > > Any CS candidates that look promising? I'll be glad to put the old TA to > > them. With your permission. > > > > Don't see any reason why members, while they are learning to set up scans, > > ought to be taboo to those who have already learned and have lists of > > candidates. > > > > Connie Mack > > > > David Reid wrote: > > > > > Thanks Connie , > > > I was in aace before myself bot it at 13 and sold it at 17. > > > I recently dipped to 14 or so again , I should have bot it back . > > > by the way I sold nscp today in a rally this morning . > > > I am glad that one is gone although I did finally make 3 points on it. > > > > > > Dave > > > > > > Connie Mack Rea wrote: > > > > - > > - - - ------------------------------ Date: Thu, 25 Jun 1998 18:39:14 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM]BUNZ <> I can't respond to this from a trader's viewpoint because I'm not a trader. But I didn't want to ignore your question altogether. But for anyone who might be interested in buying this stock, I will point out that growth has been slowing dramatically for two quarters. The anticipated growth rate is 30%, but whether that actually happens or not is anybody's guess. Current growth rate is 12% and the TTM PE is 18. It's also rated 40th out of 80 by the analytical community, FWIW. I can't find anything that would qualify the stock as CS, but I may not be looking hard enough. As far as the chart goes, this is what we'd call "trashed". It's below its 50d and its 200d. It has a long row to hoe before it makes even a 50% retracement. So one has to ask why he'd mess with it at what may be the beginning of another bull leg when there are so many stocks which investors are flocking to like flies to honey. In other words, the rockets are going off all around you, and you're holding a sparkler. Maybe. This is what O'N would call a yellow dress. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 25 Jun 1998 19:15:00 -0700 (PDT) From: rolatzi Subject: Re: [CANSLIM] buying/selling tactics - ---Mike Lucero wrote: snip > I'm also thinking of buying more by setting stops or limit orders the night > before instead of buying during market hours. I think this should reduce > the time wasted just watching the market. > is not a good idea to leave an order over night. Is a better idea to watch the market for a half hour at beginning of the day and then place order (many people argue against placing order before you see how the market is opening. Also a good idea to watch the last half hour of the day to see how the market is closing. Ciao, rolatzi _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 25 Jun 1998 22:26:33 -0700 From: David Reid Subject: Re: [CANSLIM]BUNZ I agree 100% db. I made a mistake with this one . I got sentimental with it. Because I love the Schlotskys Origional on jalapeno bread. You folks really ought to try one. You will get hooked. Dave ;-) dbphoenix wrote: > < > I have got another one for you to look at too I have been riding this > one > a long time. > It has gotten pretty beat up the last couple months but seems to be > making > a come back. > it is BUNZ . Real positive news today they were ranked #1 in the type of > restaurant business they are in . > > hey they beat blimpies mickydees and burger king easily > check out the PE and the growth rate let me know what you think . > The chart is pretty ugly right now but I think it is ripe for a turn > around. > thanks again > dave>> > > I can't respond to this from a trader's viewpoint because I'm not a > trader. But I didn't want to ignore your question altogether. > > But for anyone who might be interested in buying this stock, I will > point out that growth has been slowing dramatically for two quarters. > The anticipated growth rate is 30%, but whether that actually happens > or not is anybody's guess. Current growth rate is 12% and the TTM PE > is 18. It's also rated 40th out of 80 by the analytical community, > FWIW. I can't find anything that would qualify the stock as CS, but I > may not be looking hard enough. > > As far as the chart goes, this is what we'd call "trashed". It's > below its 50d and its 200d. It has a long row to hoe before it makes > even a 50% retracement. So one has to ask why he'd mess with it at > what may be the beginning of another bull leg when there are so many > stocks which investors are flocking to like flies to honey. In other > words, the rockets are going off all around you, and you're holding a > sparkler. Maybe. This is what O'N would call a yellow dress. > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Thu, 25 Jun 1998 21:26:21 -0500 From: Dave Cameron Subject: Re: [CANSLIM] M - And now for something completely different. Frank V. Wolynski wrote: > > I jumped out of bed with a pounding headache this AM. > I had the following dream: > > Countertrend rally substantially complete. > The Dow should top out on Thursday, (maybe Friday) > at 9020 for a high and close at 8963. Wow! Do you realize how CLOSE this dream was for Thursday! > It should then be ready for the next descent to 8164. Hmmm... I "hope" this wasn't part of your dream since I'm heavily in right now. Dave Cameron - - ------------------------------ Date: Thu, 25 Jun 1998 22:32:13 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Stock lists If anyone buys a stock based only on someone's "list",they won't last long!Anyone's "list"is hopefully due to there hard work of scanning many different stocks.The only reason I can think of for someone not sharing there "watch list" with the group is either there affraid of constuctive criticism or just plain selfish.,after all some of us have more access and experience finding good CANSLIM canditates.Again if it were just as simple as buying any given stock based on someone's "stock watch list"we would all be rich!No affense intended. ARI dbphoenix wrote: > < fish', > is much more admirable and gratifying than if they were simply > supplying > me with stock lists.>> > > About this stock list business. I don't want to give the impression > that I'm on some sort of moral high road here. We're talking pure > selfishness. While this doesn't apply to everybody, I find that--in > general, not always--those who squawk loudest about the lack of lists > are the least likely to provide any. Not only that, but those who > don't provide any are often the first to attack other people's > offerings as non-CANSLIM or non-this or non-that or otherwise not > worthy of serious comment. And if some of those other people just > happen to be novices, these remarks pretty well shut them up for good. > Unless they unsubscribe, which amounts to the same thing. > > When the markets are busy, as they have been for the past few days, > I'm at this computer from 5:30 am until the evening. I can't think of > any particularly good reason why I should provide the results of that > work to hundreds of people who don't even post, much less share the > results of their research. I'll provide information on groups I find > interesting, if anybody cares, and I'll provide suggestions on what > sort of chart patterns to look for. But from that point, the homework > has to be done by those willing to do it. Homework means more than > reading other people's stock lists. > > Sorry if this ticks anybody off, but the next person who complains > about the lack of lists ought to be prepared to provide one. > Likewise, the next person to complain about the quality of posts or > the lack of informative posts ought to be prepared to do something > about it other than to complain about it or threaten to unsubscribe. > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Thu, 25 Jun 1998 22:40:43 -0700 From: David Reid Subject: Re: [CANSLIM] Charting sources(new site) http://members.wbs.net/homepages/i/a/m/iamnu/iamnu.html Members this is a good spot to use for links to different information. I just found it the other day, and it seems to be real good. It also has T/A tips on it for folks like me. Dave Thomas A. Moulton wrote: > I've seen it but forget where... > > What (free) sites offer charting that has the Price on > a Log scale? > > I know that the pay as you go charting supports it... > -- > Thomas A. Moulton, W2VY > http://www.xanthus.net/w2vy > > - - - ------------------------------ Date: Thu, 25 Jun 1998 22:46:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] buying/selling tactics Some of us have to be at our desk by 9 AM (east coast time) and can't get away till 5or 6 PM, thus (as frustrating as it is to me) must find a way to deal with the mkt from a distance. The transistion is difficult for me, one more reason I am trying to apply more TA to my CS. Tom W - -----Original Message----- From: rolatzi To: canslim@lists.xmission.com Date: Thursday, June 25, 1998 10:09 PM Subject: Re: [CANSLIM] buying/selling tactics > > > > > >---Mike Lucero wrote: > >snip > >> I'm also thinking of buying more by setting stops or limit orders >the night >> before instead of buying during market hours. I think this should >reduce >> the time wasted just watching the market. >> > >is not a good idea to leave an order over night. Is a better idea to >watch the market for a half hour at beginning of the day and then >place order (many people argue against placing order before you see >how the market is opening. Also a good idea to watch the last half >hour of the day to see how the market is closing. > >Ciao, >rolatzi > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ End of canslim-digest V2 #303 ***************************** 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.