From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #320 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, July 9 1998 Volume 02 : Number 320 In this issue: Re: [CANSLIM] Using canslim with options [CANSLIM] PSFT and software group [CANSLIM] PSFT and software group [CANSLIM] E-Mail Address Change Re: [CANSLIM] PSFT and software group Re: [CANSLIM] Triple practice on killer scan- Walter Re: [CANSLIM] Triple practice on killer scan- Walter Re: [CANSLIM] Triple practice on killer scan- Walter Re: [CANSLIM] Triple practice on killer scan- Walter [CANSLIM] A real trade using Canslim and Triple Screen Re: [CANSLIM] A real trade using Canslim and Triple Screen [CANSLIM] GVA New High on Vol.+338% [CANSLIM] BigReport Re: [CANSLIM] GVA New High on Vol.+338% Re: [CANSLIM] BigReport Re: [CANSLIM] PSFT and Triple Screen [CANSLIM] Russell 2000 <> NDX [CANSLIM] Dell b/o Re: [CANSLIM] Dell b/o Re: [CANSLIM] Dell b/o [CANSLIM] AMZN Re: [CANSLIM] AMZN Re: [CANSLIM] Dell b/o Re: [CANSLIM] BigReport Re: [CANSLIM] GVA New High on Vol.+338% Re: [CANSLIM] BigReport [CANSLIM] Stocks Moving ---------------------------------------------------------------------- Date: Wed, 8 Jul 1998 12:57:03 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Using canslim with options <> Since no one's responded, I'll offer my two cents (surprise!). There's absolutely no reason why you can't buy calls on CS stocks and use the leverage to increase your profits. It's much the same idea as going on margin to increase leverage. The difference is, of course, that you have to pay a premium for the option, and sometimes that premium can be pretty stiff. Another difference is that the option may expire at an inconvenient time, whereas if you hold the stock you can hold it for however long you like and sell it whenever you like. There is the usual caveat, of course, about going through the research process anyway and following the chart patterns anyway and buying the option for the same reasons you'd buy the stock at the same time you'd buy the stock if you were going to do so. This is where most people screw up in the options game--they forget that the option is tied to an underlying security. You also have to be careful to use the same rules for cutting losses as you'd use if you owned the stock. Options may seem cheaper, but that doesn't make losses any more trivial. Other than that, why not? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 08 Jul 1998 23:20:21 +0200 From: Johan Van Houtven Subject: [CANSLIM] PSFT and software group Shouldn't the handle be forming at or above the 50%R to be considered constructive? Conservative numbers: high: 55.938 low: 41.938 => 50%R: 48.938 (low+((high-low)/2)) Rim (on closing basis): 55.938 - 15% = 47.547 PSFT only closed two days above this 47.547 level in the 'handle'. The handle was more or less situated in the 46-48 area. The 17EMA crossed the 50EMA yesterday on my QPv2 chart, which indeed is a buy signal combined with the wStoch that gave a buy, and the wRSI. But the wMACD had not turned up yet (as of 07/07), but it is flat(tening). The action on 07/02, closing down on large volume, below the 50EMA doesn't look to good to me. Finally, it is not exactly a leader in it's group, so I wonder if any CANSLImer would want to buy it. I agree about today action. But how much of it is group-related? Nice break-outs I witnessed in the software group today: AZPN, IONAY. Dean Edwards: Thanks for that software co's accounting warning. ============ Date: Wed, 8 Jul 1998 12:40:31 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] PSFT and Triple Screen PSFT is a good example of how a triple screen of the type we've been talking about can be combined with CS in order to give one an edge in making the decision to invest or stay on the sidelines. PSFT showed up on last night's scan. I'd been watching it for a couple of months anyway, but was surprised to see it being hit by the MACDw screen. When I checked the SSd, I found that a buy signal had been given on Monday. Since PSFT had been in the process of forming a handle and the handle was within 15% of the rim of the cup (closing basis), I expected to see something happen. The shorter-term EMAs and SMAs I watch had turned up over a week ago, but yesterday the 17d SMA crossed over the 50d SMA, a more conservative confirmation of an upward move. Today, as we know, the stock broke through the upper range of its handle on one-and-a-half times normal volume. The point of this is not to tout PSFT nor to demonstrate the supposed superiority of some method or other. It is only to show that a triple screen such as those we've been discussing can be used in conjunction with accepted CS procedures and chart patterns to give the investor a winning edge. - - --Db Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Wed, 08 Jul 1998 23:20:21 +0200 From: Johan Van Houtven Subject: [CANSLIM] PSFT and software group Shouldn't the handle be forming at or above the 50%R to be considered constructive? Conservative numbers: high: 55.938 low: 41.938 => 50%R: 48.938 (low+((high-low)/2)) Rim (on closing basis): 55.938 - 15% = 47.547 PSFT only closed two days above this 47.547 level in the 'handle'. The handle was more or less situated in the 46-48 area. The 17EMA crossed the 50EMA yesterday on my QPv2 chart, which indeed is a buy signal combined with the wStoch that gave a buy, and the wRSI. But the wMACD had not turned up yet (as of 07/07), but it is flat(tening). The action on 07/02, closing down on large volume, below the 50EMA doesn't look to good to me. Finally, it is not exactly a leader in it's group, so I wonder if any CANSLImer would want to buy it. I agree about today action. But how much of it is group-related? Nice break-outs I witnessed in the software group today: AZPN, IONAY. Dean Edwards: Thanks for that software co's accounting warning. ============ Date: Wed, 8 Jul 1998 12:40:31 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] PSFT and Triple Screen PSFT is a good example of how a triple screen of the type we've been talking about can be combined with CS in order to give one an edge in making the decision to invest or stay on the sidelines. PSFT showed up on last night's scan. I'd been watching it for a couple of months anyway, but was surprised to see it being hit by the MACDw screen. When I checked the SSd, I found that a buy signal had been given on Monday. Since PSFT had been in the process of forming a handle and the handle was within 15% of the rim of the cup (closing basis), I expected to see something happen. The shorter-term EMAs and SMAs I watch had turned up over a week ago, but yesterday the 17d SMA crossed over the 50d SMA, a more conservative confirmation of an upward move. Today, as we know, the stock broke through the upper range of its handle on one-and-a-half times normal volume. The point of this is not to tout PSFT nor to demonstrate the supposed superiority of some method or other. It is only to show that a triple screen such as those we've been discussing can be used in conjunction with accepted CS procedures and chart patterns to give the investor a winning edge. - - --Db Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Wed, 08 Jul 1998 18:22:15 -0400 From: dilella Subject: [CANSLIM] E-Mail Address Change I am changing my email address from: dilella@erols.com to: ardiii@yahoo.com My Kids are getting into my email at home and I can not access it at the office. Please note the change. Thank You, Tony DiLella - - ------------------------------ Date: Wed, 8 Jul 1998 15:43:46 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] PSFT and software group <> It should, but in the real world, close is sometimes the best you get. <> I understand what you're saying, but you're going for a level of mathematical precision here which CS can't provide. Perhaps the handle was 16% or 17% or 18% from the rim of the cup. Handles *should* be closer to the rim, but they aren't always. <> Yesterday it was at 1.75. The day before it was at 1.72, which is why the computer picked up on it. <> Perhaps. But it could just as easily have been a shakeout. <> Perhaps not, but if they did, a triple screen of the type we've been discussing would tell them when to do it. As I said, I wasn't touting PSFT and the fact that the stock happened to be PSFT was irrelevant. The purpose of the post was to show how a triple screen and a CS chart pattern can work together to give one a better idea of when to enter a position. The example could also have been General Electric or Vivus. <> I hope a lot of it. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 08 Jul 98 18:57:48 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Triple practice on killer scan- Walter > Hi Walter- > I'm still paper trading CANSLIM. > How is this for JKHY interpretation of triple screen only, not the > stock? > > Using big charts, doing a little estimating. > chart: coming out of a cup like pattern > Screen 1: series of vertical bars getting shorter nearing zero- buy > Screen 2: At oversold (30), high price is 35 3/4 > Screen 3: Put in order at 36. (I guess I'd have to check after > close tonight and put the theoretical order in tomorrow) > > TM Hi Tannis, Looks like you have been doing your homework ! Screen 1: Yes, MACD-Histogram gives a buy signal. The strongest buy signal however, was three bars from the right hand side with the initial uptick (back in June). Screen 2: Yup, this morning Slosto showed overbought with both lines below 30% as you say. You correctly ignored the 20% line used by Bigcharts. Screen 3: Don't forget that the buy order would be put in one tick OVER the day's high, if you were to enter the paper trade order overnight. At this point, I would still not buy the stock. I would want to do a little more TA (check MA's, areas of support and resistance, check OBV/MF, step back and look at a 5-year chart, etc...). Then of course a detailed analysis of the CANSLIM elements. Walter Stock Oakville, ONT - Canada - - ------------------------------ Date: Wed, 8 Jul 1998 16:31:20 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Triple practice on killer scan- Walter <> I'm afraid you've got me here, Walter. The SS does show overbought, but that puts the lines over 80, not under 30. They haven't been under 30 since June 17th. Are we looking at the same thing? I would have thought that Elder would have you buy at around 31 (whereas CS would have you wait until the handle breakout). - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 08 Jul 98 21:11:25 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Triple practice on killer scan- Walter > < with both lines below 30% as you say. You correctly > ignored the 20% line used by Bigcharts.>> > > I'm afraid you've got me here, Walter. The SS does show overbought, > but that puts the lines over 80, not under 30. They haven't been > under 30 since June 17th. Are we looking at the same thing? I would > have thought that Elder would have you buy at around 31 (whereas CS > would have you wait until the handle breakout). > > --Db Sorry, meant to say "oversold", as Tannis had correctly indicated. The rest is accurate though. Both Slosto lines have to go below 30 to trigger a buy on the second screen, and they did so this morning around 10:00am. To make sure that we are looking at the same thing, go to Bigcharts for JKHY, and set Time to "5 days" and Frequency to "Hourly", and you will see today's Slosto dip. These are the settings that Elder uses with Slosto or Williams%R for screen two. If you use Force Index or Elder-Ray for screen two the settings are different. Hope this clarifies things. Walter - - ------------------------------ Date: Wed, 8 Jul 1998 18:46:25 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Triple practice on killer scan- Walter <> Gotcha, Walter. I didn't see the logic behind jumping from weekly to hourly since there must have been more than one occasion in the last three weeks when the hourly SS would have dropped below 30%, offering a lower buying opportunity, which is the reason why I go from weekly to daily instead. But it's all about finding the stocks, isn't it? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 09 Jul 98 08:38:24 PDT From: "Walter Stock" Subject: [CANSLIM] A real trade using Canslim and Triple Screen Given all of the recent interest in Triple Screen, I thought I would give the group an example of an actual trade I had made to illustrate how Triple Screen can complement Canslim. It involves one of my favorite stocks, KEA. I have traded this one twice in the last 9 months. The first trade is the one I will describe. It started the week of November 17th last year. First some Canslim data for the week of the trade: EPS 97, RS 90, A/D B. The stock had made new highs in October, and KEA had lots of other "N" in terms of specialized software services. The stock's float was a little high at around 66 Million shares following the split in September, but the stock was a clear leader in its group. There was high quality and increasing institutional interest. The market as a whole was a little wobbly following the selloff in October, but the turnaround seemed underway. At the end of trading on Monday the 16th of November, the Dow, S&P 500, and Nasdaq had all put in three straight days of solid gains. (You may remember the time: the financial stocks were starting a nice move, and the oil drillers were about to begin their long descent into the abyss.) With the Canslim elements in place, it was time to check the Triple Screen. Pull up a chart of KEA on Bigcharts using the following settings: Time: 1 year Frequency: Weekly Lower Indicator: MACD Look at the vertical MACD-Histogram bars for November '97. The bar for the second week continues the existing negative trend and goes longer and lower than the one before. However the bar for the third week reverses the trend: it is shorter than the one from the week before, and moves upward. This is the buy signal from screen one. The next step in November was to go Bigcharts for screen two, and pull up KEA with the following settings: Time: 5-day Frequency: Hourly Lower Indicator: Slow Stochastics Unfortunately, Bigcharts cannot show you today what this chart looked like in November, but the key was that Slosto made you wait a few days before triggering a buy on the second screen. In other words you had to wait until Slosto went below 30% to buy, and this wait got you in at a better price. After the go-ahead on screen two, screen three was just a buy-stop order one tick above the high of the previous day's price. Nice entry below $33. So when to sell using Triple Screen? Just follow the Bigcharts MACD-Histogram bars upward. When they reverse downwards, you sell. In my case, I sold KEA on the second week of January when I got this signal. Interestingly, if I had used a Canslim exit instead of a Triple Screen exit I would have been in the stock much longer, and for a much bigger return. Live and learn. Hope this example is useful to the group. Be careful with Triple Screen (and with Canslim) ! Walter Stock Oakville, ONT - Canada e-mail: wstock@globalserve.net - - ------------------------------ Date: Thu, 9 Jul 1998 06:22:16 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] A real trade using Canslim and Triple Screen <> In this particular case, it doesn't matter, as the daily SS provides a signal as well in the same place, which also happens to be toward the end of a nice three-week handle, which also happens to be sitting on the 50d MA (32.5). And the more confirmations you can line up that say "buy", the confidence you have in your trades. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 9 Jul 1998 09:20:19 -0400 From: "Deral Rackley" Subject: [CANSLIM] GVA New High on Vol.+338% Peter re: you June 30 Watch List: GVA - Granite Construction Inc. Per IBD July 8 NYSE Stocks in the News New high at 31 7/8 +7/8 & Vol Tue +338% EPS Rank 97 RS rank 89 Acc/Dist=A Group=B ROE=11.3 C=Last Qtr. +700% Prior Qtr. +94% A=+2% N=New High S=18 mil L=? I= Mgmt. owns 3% I=? M=Looks good to me Cup but no handle---yet? Accelerating earnings current earnings but not so good in past. Low management ownership at 3% Sorry, thats all I have time for now. Quick & dirty. Deral - - ------------------------------ Date: Thu, 09 Jul 1998 09:32:10 -0400 (EDT) From: HILLEKER@Citadel.edu Subject: [CANSLIM] BigReport I think it was someone on this list who gave the address for the Big Report site. http://207.226.179.205/cgi-bin/getbigreport?Ticker=DELL I found the information that the site had available to be invaluable, but I have not been able to connect to it this week. Does anyone know what happened? Thanks Russ hilleker@citadel.edu - - ------------------------------ Date: Thu, 9 Jul 1998 20:37:30 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] GVA New High on Vol.+338% I bought it on the 30th. It has a record of beating earning estimates. This is very important in my selection criteria. I think it is too far extended to be looking for a handle at this point. All three of my recent buys (GVA MISI NRVH) are showing profits so far. Peter - -----Original Message----- From: Deral Rackley To: CANSLIM Date: Thursday, July 09, 1998 8:28 PM Subject: [CANSLIM] GVA New High on Vol.+338% >Peter re: you June 30 Watch List: GVA - Granite Construction Inc. >Per IBD July 8 NYSE Stocks in the News > >New high at 31 7/8 +7/8 & Vol Tue +338% >EPS Rank 97 RS rank 89 Acc/Dist=A Group=B ROE=11.3 >C=Last Qtr. +700% Prior Qtr. +94% >A=+2% >N=New High >S=18 mil >L=? >I= Mgmt. owns 3% I=? >M=Looks good to me >Cup but no handle---yet? >Accelerating earnings current earnings but not so good in past. >Low management ownership at 3% >Sorry, thats all I have time for now. Quick & dirty. >Deral > > >- > > - - ------------------------------ Date: Thu, 9 Jul 1998 06:47:26 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] BigReport <> Here you go, Russ. When you get here (http://www.stocksheet.com/), just type in your symbol in the ULH corner and you'll get your report. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 9 Jul 1998 07:21:54 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] PSFT and Triple Screen Just my $0.02 on PSFT. Institutions are a bit hgh for me. Otherwise good ubers. Not much better out there, even though I like other charts a lot better, i.e. CBR, NTAP. COMP-SOFTWARE Peoplesoft Inc TICKER PSFT EXCHANGE NSDQ SHARES OUT 227 24WK PCHG% 31.91 % INSTITUT 60.97 % INSIDERS 54.65 20D AVEVOL 3163293 TREND EPGR 77.69 QEPS 0/-4 85.71 QEPS -1/-5 88.24 QEPS -2/-6 109.09 QEPS -2/-7 N/A ROE 31.84 D/Equity 0.00 At 12:40 PM 7/8/98 -0700, you wrote: > > >PSFT is a good example of how a triple screen of the type we've been >talking about can be combined with CS in order to give one an edge in >making the decision to invest or stay on the sidelines. > >PSFT showed up on last night's scan. I'd been watching it for a >couple of months anyway, but was surprised to see it being hit by the >MACDw screen. When I checked the SSd, I found that a buy signal had >been given on Monday. Since PSFT had been in the process of forming a >handle and the handle was within 15% of the rim of the cup (closing >basis), I expected to see something happen. The shorter-term EMAs and >SMAs I watch had turned up over a week ago, but yesterday the 17d SMA >crossed over the 50d SMA, a more conservative confirmation of an >upward move. Today, as we know, the stock broke through the upper >range of its handle on one-and-a-half times normal volume. > >The point of this is not to tout PSFT nor to demonstrate the supposed >superiority of some method or other. It is only to show that a triple >screen such as those we've been discussing can be used in conjunction >with accepted CS procedures and chart patterns to give the investor a >winning edge. > >--Db > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 09 Jul 1998 10:24:18 +0200 From: Johan Van Houtven Subject: [CANSLIM] Russell 2000 <> NDX Russell 2000 underpreforming again. This is a test, since I was automatically unsubscribed from the list and can't seem to get in again. - -- Johan Van Houtven - - ------------------------------ Date: Thu, 09 Jul 1998 11:13:16 -0400 From: Craig Griffin Subject: [CANSLIM] Dell b/o Dell has broken out from a nice cup w/handle over the last 2 days. Length of base: 8 weeks. Depth of base: 25%. Depth of drooping down handle: 5%. Pivot point: 95 1/2. Volume yesterday was inadequate (often the case with big cap breakouts). Looks like volume today will be better. This one looks almost too perfect - so I am a bit wary. EPS due 08/19 per DG. - - ------------------------------ Date: Thu, 09 Jul 1998 08:42:41 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Dell b/o As with MSFT, these DELL Dips are so predictable that I now buy at the= bottom. Got into DELL at 82 and change, MSFT at 90 and change. This is the third= time around for DELL, the second for MSFT. Almost doubled the first two times= with DELL, expect the same results this time (those of you familiar with my track record- SHORT IT NOW!). Not as lucky with MSFT at calling the top. My kids= are doing better in MSFT with my buy-and-never-sell-till-college strategy. In= fact they are up 227% today from Nov '96. Talk about beating the market. Beware= the Evil 100 Point Wall, it has held up DELL in the past and I expect it to do= the same this time. MSFT busted through it this time with no problems. I like earnings surprises too and Mikey D has certainly proven that he can play the analyst game just as well as the expert anaylst handlers like Billy G.=20 At 08:13 AM 7/9/98 , you wrote: >Dell has broken out from a nice cup w/handle over the last 2 days.=A0= Length >of base: 8 weeks.=A0 Depth of base: 25%.=A0 Depth of drooping down handle:= 5%. >Pivot point: 95 1/2.=A0 Volume yesterday was inadequate (often the case= with >big cap breakouts).=A0 Looks like volume today will be better.=A0 This one >looks almost too perfect - so I am a bit wary.=A0 EPS due 08/19 per DG. > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites mailto:Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 09 Jul 1998 12:02:38 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Dell b/o At 08:42 AM 7/9/98 -0700, you wrote: >Beware the Evil 100 Point Wall, it has held up DELL in the past and I expect it >to do the same this time. Yep, this is a thing that happens in the market. Weird how 100 can be hard to overcome and forms its own seeming resistance and support at times. But it is observable. I guess people just think in round numbers. - - ------------------------------ Date: Thu, 09 Jul 1998 12:12:28 -0400 From: Craig Griffin Subject: [CANSLIM] AMZN Re: AMZN Bouncing nicely today. Still looks like a short term top has been put in based on the action day before yesterday. But they never make it easy do they |>) - especially on the short side in a roaring bull market - so this type of trade is only for those very experienced in shorting (PS. I decided to stay away yesterday when it gapped down). Remember I also said that it still looks very bullish longer term? Many people have been doing the valuation calculations in deciding AMZN is a short (note that I am not using valuations - only using technicals and only short term). If it is so "overvalued", how can it possibly be bullish longer term? And how could it go through a triple in 5 weeks on such big volume? Are both the little guys (you and me) and the institutions (mutual and pension funds) nuts? Who is possibly buying this thing other than the momentum players? For an explanation we need to go to the Motley Fools. Note, I am not a particular fan of their style of investing, but they do know some things worth knowing. The same logic that they use in owning AMZN for the long term is the logic that explains why high priced merchandise in the stock market almost never starts to look cheap ... until it is too late to be buying it (at the end of its run). As O'Neil says (to paraphrase): the higher quality merchandise almost always seems expensive. This was the case with CSCO many moons ago - and still is true. It has been "overvalued" its entire life, but has gone up in price by 20 or 30 times in less than a decade (I forget exactly). Each step of the way, someone was screaming "it has to go down, look it is already valued at more than XXX Corp. and they have been in business 50 years and have earnings higher than CSCO's revenue!". So, recently they passed AT&T in valuation and they just keep chugging. OK, so how do people figure these things out (and why didn't AMZN sink from the weight of the smart money short sellers weeks ago? Hint - the smart money was buying - obviously, otherwise they would be dumb money by definition after a triple!) Anyway - here is a link to the Fools via Yahoo that helps explain why there is so little AMZN stock around to buy (and therefore why it is so expensive). Page down to the "FOOL ON THE HILL" column, which is about half way down the web page once you get to the link ======> http://fnews.yahoo.com/fool/98/07/08/dna_980708.htm What this says, in essense, is that it is not just the valuation, it is also the potential for other business that nobody even thought about yet. It is the potential that comes with being the premier retailer on the internet (and having the software and systems to back it up). And looking for more businesses to load into their proprietary web commerce software to sell more stuff to more people. So when you compare AMZN to BKS, think of BKS as a book seller and think of AMZN as a "Walmart of the Internet" who just happened to start their business in books. Now, which one will likely be worth more in the long run? Will this model actually play out? No one knows, but the market voted "YES" with its money over the last 5 weeks. Best regards, Craig - - ------------------------------ Date: Thu, 9 Jul 1998 09:39:25 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] AMZN For another side to the debate, take a look at this op piece provided by briefing.com - http://www.briefing.com/intro/ibrief.htm. Though this particular piece is free, yesterday they provided an excellent piece on shorting internet stocks, including AMZN, which unfortunately is available only to subscribers. I'm hoping that they'll move it to the free site in a few days (the one above is from 7/2). - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 09 Jul 1998 19:28:08 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Dell b/o >Beware the Evil 100 Point Wall, it has held up DELL in the past and >I expect it to do the same this time.=20 Haven't looked at it in the past. But the short term trendline I have drawn for the first resistance is at approx 101. So that could account for or contribute to the "Evil 100 Point Wall". Looking at the bigger, i.e. a bit longer term picture, it has had no problem breaking that 100 wall many times before.=20 If it does this time, they will have to issue a 2 for 1 split so we can get on with it. ;) Bought an intial position as it did a perfect bounce of the 17EMA on 7/7. Loaded up at the pivot 95 5/8. And bought some extra @ 95 3/4 for some extra trading money. I love the way this big stocks give you PLENTY of time (from an intrad day perspective) to buy the breakout. Can not say the same about small caps. They can go from pivot to 8% or more extended within a minute. >>Dell has broken out from a nice cup w/handle over the last 2 days.=A0= Length >>of base: 8 weeks.=A0 Depth of base: 25%.=A0 Depth of drooping down handle:= 5%. >>Pivot point: 95 1/2.=A0 Volume yesterday was inadequate (often the case= with >>big cap breakouts).=A0 Looks like volume today will be better.=A0 This one >>looks almost too perfect - so I am a bit wary.=A0 EPS due 08/19 per DG. It is indeed the most perfect cup-and-handle I have witnessed being formed.= =20 Re: volume. Indeed inadequate form a strict CANSLIM viewpoint, i.e. no 150% or more ADV on the breakout. Have noticed this before. Last time I watched (and bought) DELL the volume situation was the same.=20 Re: looks to good to be true. No comment. ;^) But what worries me is the NASDAQ advance/decline line... Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Thu, 9 Jul 1998 16:52:58 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] BigReport I connected 2 days ago with no problem. david - -----Original Message----- From: HILLEKER@Citadel.edu To: canslim@xmission.com Date: =E9=E5=ED =E7=EE=E9=F9=E9 09 =E9=E5=EC=E9 1998 16:34 Subject: [CANSLIM] BigReport >I think it was someone on this list who gave the address for the >Big Report site. > >http://207.226.179.205/cgi-bin/getbigreport?Ticker=3DDELL > >I found the information that the site had available to be invaluable, >but I have not been able to connect to it this week. Does anyone >know what happened? > >Thanks > >Russ >hilleker@citadel.edu > >- > > - - ------------------------------ Date: Thu, 9 Jul 1998 16:51:10 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] GVA New High on Vol.+338% Thanks, Peter. After reviewing the results of your scans, I read some cha= rts and chose GVA (a flip between GVA and MISI) 2 days ago. Yesterday MISI, = of course jumped up close to 2 points. Both of these stocks have been showing strength, despite the "M". I didn't chose nrvh - too extended for me. Probably wont stop for a while= ;) David - -----Original Message----- From: Peter Christiansen To: canslim@lists.xmission.com Date: =E9=E5=ED =E7=EE=E9=F9=E9 09 =E9=E5=EC=E9 1998 16:38 Subject: Re: [CANSLIM] GVA New High on Vol.+338% >I bought it on the 30th. It has a record of beating earning estimates. >This is very important in my selection criteria. I think it is too far >extended to be looking for a handle at this point. > >All three of my recent buys (GVA MISI NRVH) are showing profits so far. > >Peter > >-----Original Message----- >From: Deral Rackley >To: CANSLIM >Date: Thursday, July 09, 1998 8:28 PM >Subject: [CANSLIM] GVA New High on Vol.+338% > > >>Peter re: you June 30 Watch List: GVA - Granite Construction Inc. >>Per IBD July 8 NYSE Stocks in the News >> >>New high at 31 7/8 +7/8 & Vol Tue +338% >>EPS Rank 97 RS rank 89 Acc/Dist=3DA Group=3DB ROE=3D11.3 >>C=3DLast Qtr. +700% Prior Qtr. +94% >>A=3D+2% >>N=3DNew High >>S=3D18 mil >>L=3D? >>I=3D Mgmt. owns 3% I=3D? >>M=3DLooks good to me >>Cup but no handle---yet? >>Accelerating earnings current earnings but not so good in past. >>Low management ownership at 3% >>Sorry, thats all I have time for now. Quick & dirty. >>Deral >> >> >>- >> >> > > >- > > - - ------------------------------ Date: Thu, 9 Jul 1998 14:00:55 -0400 From: "Deral Rackley" Subject: Re: [CANSLIM] BigReport - -----Original Message----- From: HILLEKER@Citadel.edu To: canslim@xmission.com Date: Thursday, July 09, 1998 9:42 AM Subject: [CANSLIM] BigReport >I think it was someone on this list who gave the address for the >Big Report site. > >http://207.226.179.205/cgi-bin/getbigreport?Ticker=DELL > >I found the information that the site had available to be invaluable, >but I have not been able to connect to it this week. Does anyone >know what happened? > >Thanks > >Russ >hilleker@citadel.edu Russ I clicked on your url with no luck; however, I wiped out everthing after the "205/ " of your url and it worked fine. Deral - - ------------------------------ Date: Fri, 10 Jul 1998 09:01:01 +0700 From: "Peter Christiansen" Subject: [CANSLIM] Stocks Moving AEOS, FNF, & HSTR are thre stocks from my watchlist that look pretty good and were on the move today. I'm not doing any buying, as I'm already in there. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ End of canslim-digest V2 #320 ***************************** 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.