From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #330 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 Sunday, July 19 1998 Volume 02 : Number 330 In this issue: [CANSLIM] Fridays HGS file Re: [CANSLIM] Explanation for downgrade of TMBS. Others in same group also down: PSQL, SSNC Re: [CANSLIM] Explanation for downgrade of TMBS. Others in same group also down: PSQL, SSNC Re: [CANSLIM] Explanation for downgrade of TMBS. Others in same group also down: PSQL, SSNC Re: [CANSLIM] THQI earnings due July23 Re: [CANSLIM] THQI earnings due July23 Re: [CANSLIM] THQI earnings due July23 [CANSLIM] Use Zacks? Re: [CANSLIM] Use Zacks? ---------------------------------------------------------------------- Date: Sat, 18 Jul 1998 15:39:32 -0600 From: "Dan Sutton" Subject: [CANSLIM] Fridays HGS file The HGS scan for data after Friday's market close is available at: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/hgs0718.xls - - ------------------------------ Date: Sun, 19 Jul 1998 00:17:20 -0400 From: Dave Voelker Subject: Re: [CANSLIM] Explanation for downgrade of TMBS. Others in same group also down: PSQL, SSNC Johan wrote: >>Personally, I look at all stocks as merchandise (money printing machines >>maybe?). If it doesn't 'perform' I get rid of it. I try hard not to >>rationalize or explain why it is down and/or whether it "might" go up >>again. Been hurt more than once before trying to do just that in the past. >>As was said in this group a while ago: Look at what it DOES, not at what >>you think it should do. I agree to an extent but I think you are missing my point, TMBS has been an absolute performer since 1995 (+100% YTD in 98) and has some of the best CANSLIM numbers of any issue I have seen. The hard part with TMBS for me is knowing when to get in as it is one of those issues that doesn't want to base for 6-8 weeks like we would like. What this stock has done is return 360% over the last 3 years and it continues to move. >>There are or will be plenty of other trains leaving the station. While I agree in principle I think this is a message that needs to be tempered. From my own experience too many new CANSLIM investors turn into CANSLIM traders and churn their own account into nothing on this philosophy. I am still showing a prift with TMBS and am VERY bullish on this stock. While it has corrected and eroded some of my profit, I still have profit and for me to start looking for another train due to a correction, within my stop-loss limit, would show lack of discipline in the CANSLIM methodology and run counter to what WON and CANSLIM instruct us to do. As an investor, as opposed to a trader, I believe it absolutely behooves me to ask about the root cause of a correction. This is important to me not because I am trying to time a trade based on whether I think the stock will move one way or another but because as an investor I want to know if the fundamental criteria on which I based my original investment decision have eroded in some way that I am not aware of yet. I agree 100% that taking the emotion out of the game is essential to long-term success but I also believe that people fail to realize that this is a two-way street. We need to remove our emotion from our decisions to prematurely preserve gains as well as protecting against losses. Getting off the train just because it makes an unexpected stop doesn't mean the next train will get you to your destination any sooner. You chose the train, presumably, because you felt that it was better positioned to get you closer to where you wanted to go, sooner than the other available trains. When the train makes an unexpected stop it is absolutely proper for you to ask if something has happened to the train that would make you want to take a different one, or if the stop was a momentary setback that should not alter you plans. Enough of the train business, I think you see my point and I am interested in your further opinion, and others as well. Regards - Dave Voelker - - ------------------------------ Date: Sun, 19 Jul 1998 00:53:59 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Explanation for downgrade of TMBS. Others in same group also down: PSQL, SSNC I disagree with your analysis of TMBS. It's a great CANSLIM stock but IMHO is too small and therefore too volatile. It constantly violates an 8% stop. If you follow WON's rules it's extremely hard to stay in it long enough to make money. If you followed the rules you would have been out on Friday (again) anyway. At 12:17 AM 7/19/98 -0400, you wrote: > >I agree to an extent but I think you are missing my point, TMBS has been >an absolute performer since 1995 (+100% YTD in 98) and has some of the >best CANSLIM numbers of any issue I have seen. The hard part with TMBS >for me is knowing when to get in as it is one of those issues that >doesn't want to base for 6-8 weeks like we would like. What this stock >has done is return 360% over the last 3 years and it continues to move. > >>>There are or will be plenty of other trains leaving the station. > >While I agree in principle I think this is a message that needs to be >tempered. From my own experience too many new CANSLIM investors turn >into CANSLIM traders and churn their own account into nothing on this >philosophy. I am still showing a prift with TMBS and am VERY bullish on >this stock. While it has corrected and eroded some of my profit, I >still have profit and for me to start looking for another train due to a >correction, within my stop-loss limit, would show lack of discipline in >the CANSLIM methodology and run counter to what WON and CANSLIM instruct >us to do. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sun, 19 Jul 1998 12:34:51 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Explanation for downgrade of TMBS. Others in same group also down: PSQL, SSNC Dave, Here is the most important part from my previous post: "Just my 2c. I do not recommend this way of looking at trading to others, as they might have completely different objectives. Just works for me." I do not have any critique on your investment method. I do not know your objectives, your time frame, which tools you have available, your available capital, etc. Everyone should find out and do what works for them. After all, there are people out there who bought DELL 5 years ago. Did nothing whatsoever, but enjoy life to the fullest. They now have a little over 100 times their initial investment. Dave wrote: >I agree to an extent but I think you are missing my point, TMBS has been >an absolute performer since 1995 (+100% YTD in 98) and has some of the >best CANSLIM numbers of any issue I have seen. Dave, my post was not meant to be a remark about TMBS. I was commenting on how I was looking at the stock I own: PSQL. TMBS just happens to be in the same group. That's why my attention was draw to your post. I don't know a thing about TMBS, except that for ME it is to volatile. Call me chicken, if you like. >>>There are or will be plenty of other trains leaving the station. > >While I agree in principle I think this is a message that needs to be >tempered. From my own experience too many new CANSLIM investors turn >into CANSLIM traders and churn their own account into nothing on this >philosophy. True. To many new CANSLIM investors also keep their loosers, hoping for the best, and run their account into nothing. They also often buy at the wrong point. Been there, done that. Approx 2 years ago I toke a 33% hit. Had to make 50% profit, just to get even. That was a very valuable lesson for me. Learned a lot since then. BTW, re: trading / investing. As far as I understand "M" one should have been buying in Februari, selling in April/May and buying again in June. I call this intermediate term trading. Investing for me is buying DELL for example and holding for at least a year or two. But calling it trading or investing, is semantics. Let us not get into discussing semantics. Some choose to ignore "M". If it works for them, fine. If your stocks are acting OK, you shouldn't sell anyway. If one is able to consistently choose stocks that are not influenced by 'M' and keep acting well during corrections, my hat is off to those people. I want to get out when 'M' says sell, because I believe that the chances that my particular stocks will hold up or will continue to go up are significantly less when the market starts giving sell signals. And I enjoy the peace it gives me to be 100% in cash. Further I believe that one day, I will be very glad that I chose to adhere to the "M" factor, because, when a real bear market comes along, I'll be in cash (I would hope). >I am still showing a prift with TMBS and am VERY bullish on >this stock. While it has corrected and eroded some of my profit, I >still have profit and for me to start looking for another train due to a >correction, within my stop-loss limit, would show lack of discipline in >the CANSLIM methodology and run counter to what WON and CANSLIM instruct >us to do. As an example of our different ways of investing. I start selling as soon as the market starts given sell signals and my stocks start acting weak. I sold my stocks during the April/May/June correction. I do not see how *I* could have gotten in TMBS after the 6/23 (or what was it again?) follow-through day. See how different our approach is? That does not mean yours or mine is bad or good, it means we have different ways of looking at trading/investing. >As an investor, as opposed to a trader, I believe it absolutely behooves >me to ask about the root cause of a correction. This is important to me >not because I am trying to time a trade based on whether I think the >stock will move one way or another but because as an investor I want to >know if the fundamental criteria on which I based my original investment >decision have eroded in some way that I am not aware of yet. If I understand you correctly, we again differ in our approach. I believe that the chart tells me when to sell and that the chart will tell me this (long) before the fundamentals change. Operative words: I believe. I.e. I choose to believe that. I'm not trying to say that you should believe that. Just pointing out our different perspectives on some points. (This comment again is a general cooment and not pointed at TMBS. For an investors standpoint TMBS still looks hunky-dory to me.) >I agree 100% that taking the emotion out of the game is essential to >long-term success but I also believe that people fail to realize that >this is a two-way street. > We need to remove our emotion from our decisions to prematurely >preserve gains as well as protecting against losses. Excellent remark. See, we do not always differ in our way of looking at things. >Getting off the train just because it makes an unexpected stop >doesn't mean the next train will get you to your destination any >sooner. The word unexpected is important for me here. If I am on a train and it does something that I did not expect it to do, and I see a train that I expect will do better, I get on the other train. Has worked very well for me. But I fully understand this would not work for many others. Others with different goals, objectives, views, trading tools, time frames, etc. >You chose the train, presumably, because you felt that it was >better positioned to get you closer to where you wanted to go, sooner >than the other available trains. When the train makes an unexpected >stop it is absolutely proper for you to ask if something has happened to >the train that would make you want to take a different one, or if the >stop was a momentary setback that should not alter you plans. That plan is (supposed to be) already there when I buy the stock. PSQL will get sold if it does not show intraday strenght on Monday and closes below support on significant volume. >Enough of the train business, I think you see my point and I am >interested in your further opinion, and others as well. Thanks for your reaction, Dave. Hope you see my point also. And also hope you can respect my viewpoint as I do yours. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Sun, 19 Jul 1998 16:31:47 EDT From: Subject: Re: [CANSLIM] THQI earnings due July23 I obtained the institutional owned figure from freereal time site. I apologize if the 40% number was wrong. It sounded high. Tom or anyone else. Any opinions on the charts. I believe ther was a run up on anticipation to the earnings release. I am thinking about buying into it monday but I can't find a pivot point. I think on the daily chart maybe a cup. Weekly chart shows trading around a new high level. Any other opinions? Thanks Frank - - ------------------------------ Date: Sun, 19 Jul 1998 16:49:18 -0400 From: Al French Subject: Re: [CANSLIM] THQI earnings due July23 Frank- THQI does show remarkable earnings performance, but the last quarterly report for THQI was released on April 21 and the price fell from $33 to $24 in the next 2 days. Al French alfrench@erols.com Mulack@aol.com wrote: > > I obtained the institutional owned figure from freereal time site. I > apologize if the 40% number was wrong. It sounded high. Tom or anyone else. > Any opinions on the charts. > > I believe ther was a run up on anticipation to the earnings release. I am > thinking about buying into it monday but I can't find a pivot point. I think > on the daily chart maybe a cup. Weekly chart shows trading around a new high > level. Any other opinions? > > Thanks > Frank > > - - - ------------------------------ Date: Sun, 19 Jul 1998 17:00:01 EDT From: Subject: Re: [CANSLIM] THQI earnings due July23 Al I believe that drop was due to a statement the company made about not renewing a contract with WWF. The WWF contract accounted for forty percent of there profits. The run up in early July is due to a press release saying that the have resigned. For this reason along with it trading close to a new high range I believe it will continue up. I still am concerned with the graphs. thanks Frank - - ------------------------------ Date: Sun, 19 Jul 1998 16:31:15 -0500 From: "Amy Porter and Rich Bejtlich" Subject: [CANSLIM] Use Zacks? Anyone here use paid services at www.zacks.com? I've tried their online screening and "Research Marvel" via free 30 day trial subscriptions. I'm considering the "Research Wizard" now, which costs $55 for a 2 month trial. While the "Marvel" offers data updated monthly, "Wizard" offers weekly updates. Any comments? Richard - - ------------------------------ Date: Sun, 19 Jul 1998 16:07:45 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Use Zacks? If the data is no better then I'd say it isn't worth it. Too many "N/As" in their data for me to want to actually _pay_ for it. At 04:31 PM 7/19/98 -0500, you wrote: >Anyone here use paid services at www.zacks.com? I've tried their online >screening and "Research Marvel" via free 30 day trial subscriptions. I'm >considering the "Research Wizard" now, which costs $55 for a 2 month trial. >While the "Marvel" offers data updated monthly, "Wizard" offers weekly >updates. Any comments? > >Richard > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ End of canslim-digest V2 #330 ***************************** 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.