From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #347 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, August 2 1998 Volume 02 : Number 347 In this issue: Re: [CANSLIM] earnings release dates and sec filings, and insider buying . [CANSLIM] EMA RE: [CANSLIM] earnings release dates and sec filings, and insider buying . [CANSLIM] Shorts [CANSLIM] Re: canslim-digest V2 #346 [CANSLIM] FW: [NOT CANSLIM] earnings release dates and sec filings, and insider buying . [CANSLIM] noncanslim-Tom-Computer Buys Re: [CANSLIM] EMA Re: [CANSLIM] FW: [NOT CANSLIM] earnings release dates and sec filings, and insider buying . RE: [CANSLIM] FW: [NOT CANSLIM] earnings release dates and sec filings, and insider buying . non [CANSLIM] Psychological aspects of trading. Acquiring a skill. Re: [CANSLIM] earnings release dates and sec filings, and insider buying . ---------------------------------------------------------------------- Date: Sat, 1 Aug 1998 16:47:57 EDT From: Subject: Re: [CANSLIM] earnings release dates and sec filings, and insider buying . Neilson E. Timken, I choose not to mention the name of the other group intentionally. I can appreciate your concern, however do you have any suggestions on my origional question. It may seem like a insignificant question but I am trying to learn as much of the markets as I can. Thank you Frank D. Mulack - - ------------------------------ Date: Sat, 1 Aug 1998 16:00:39 -0500 From: "Michael Doroshenko" Subject: [CANSLIM] EMA Hello Group: I am working on a project to chart my own portfolio and also have a watch list of stocks. I am beginning to get into the technical part of charting. What I am confused about is the significance of EMA compared to SMA. I have seen how EMA is calculated and that is throwing me off as to the significance of this indicator. Could someone shed some light into why I would want to use an EMA and to what benefit it has over using a SMA. I just have the information on how it is calculated and have no information on how to use it in the chart or what significance it has as a technical indicator. If you need further clarification on what I am asking here, you can email me at mdor@msn.com. Thank you Michael Doroshenko - - ------------------------------ Date: Sat, 1 Aug 1998 17:30:34 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] earnings release dates and sec filings, and insider buying . Frainke D. Molluske: No suggestions for you. Hope you leiarne well. Start with Speilling. :) "Neilson" - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mulack@aol.com Sent: Saturday, August 01, 1998 4:48 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] earnings release dates and sec filings, and insider buying . Neilson E. Timken, I choose not to mention the name of the other group intentionally. I can appreciate your concern, however do you have any suggestions on my origional question. It may seem like a insignificant question but I am trying to learn as much of the markets as I can. Thank you Frank D. Mulack - - - - ------------------------------ Date: Sat, 01 Aug 1998 15:37:50 -0600 From: Warren Keuffel Subject: [CANSLIM] Shorts Count me in on a shorts discussion also. In addition I would be interested in an off-topic discussion on whether and how members diversify beyond stock picking with CANSLIM. One person mentioned index funds. What other strategies are employed, or do most people on the list only have their money in only either cash or CANSLIM picks? Thanks. Warren Keuffel - - ------------------------------ Date: Sat, 1 Aug 1998 17:59:14 EDT From: Subject: [CANSLIM] Re: canslim-digest V2 #346 Could you take me off your mailing list? Thanks, EBaldri233@aol.com - - ------------------------------ Date: Sun, 2 Aug 1998 09:44:02 -0400 From: "Nelson E. Timken, Esq." Subject: [CANSLIM] FW: [NOT CANSLIM] earnings release dates and sec filings, and insider buying . - -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Sunday, August 02, 1998 6:06 AM To: Nelson E. Timken Esq. Subject: Re: [CANSLIM] earnings release dates and sec filings, and insider buying . Nelson, I find your response needlessly rude, unprofessional and unbecoming, especially to a newcomer and by another lawyer. As if Jeffrey's rude behaviour was not a sufficient example of how this group had deteriorated! Tom W - -----Original Message----- From: Nelson E. Timken, Esq. To: canslim@lists.xmission.com Date: Saturday, August 01, 1998 5:30 PM Subject: RE: [CANSLIM] earnings release dates and sec filings, and insider buying . >Frainke D. Molluske: > >No suggestions for you. >Hope you leiarne well. >Start with Speilling. > >:) > >"Neilson" >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Mulack@aol.com >Sent: Saturday, August 01, 1998 4:48 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] earnings release dates and sec filings, and >insider buying . > > >Neilson E. Timken, > >I choose not to mention the name of the other group intentionally. I can >appreciate your concern, however do you have any suggestions on my origional >question. It may seem like a insignificant question but I am trying to >learn >as much of the markets as I can. > >Thank you > >Frank D. Mulack > >- > > >- > - - ------------------------------ Date: Sun, 2 Aug 1998 07:45:45 -0700 (PDT) From: TM Subject: [CANSLIM] noncanslim-Tom-Computer Buys Hi Tom, I was reading the first article on: http://cbs.marketwatch.com/news/current/topten.htx?source=htx/http2_mw " Computerized sell programs throttled the U.S. stock market Friday, turning what had been a moderate downdraft into a fierce selloff that saddled blue-chip issues with their second-worst loss in seven weeks." How does computerized selling (or buying) work? What would be typical triggers? Also, typically is there any human thought, at the moment the program is implemented - who pulls the trigger a person or a computer? I would think a great deal of thought would go into getting the program set-up, but once the program is set-up, is it on autopilot? I would appreciate any comments. I'll understand, if you prefer to lurk. Thank you, TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 02 Aug 1998 11:09:22 -0400 From: Al French Subject: Re: [CANSLIM] EMA Michael Doroshenko wrote: > > Could someone shed some light into why > I would want to use an EMA and to what benefit it has over using a > SMA. I just have the information on how it is calculated and have no > information on how to use it in the chart or what significance it has > as a technical indicator. Michael- The place to start is to understand the significance of moving averages, then the difference between EMA and SMA should become more clear. The EMA is weighted toward the more pertinent recent price action while SMA gives equal weight to each day in the calculation. For example, with SMA, the MA could change significantly on a no-change day if the data point dropped off was a big move; EMA lessens that distortion. You might be interested in Stan Weinstein's "Secrets for Profiting in Bull and Bear Markets" which presents a solid system of technical analysis based simply on moving averages, trendlines, volume, and a couple of standard chart formations. Combine that with CANSLIM, which takes fundamentals into account, and you will be way ahead of most investors. Al French alfrench@erols.com - -- - - ------------------------------ Date: Sun, 02 Aug 1998 08:29:16 -0700 From: Dan Cash Subject: Re: [CANSLIM] FW: [NOT CANSLIM] earnings release dates and sec filings, and insider buying . Nelson, It seems this was a private post to you from Tom. Seems to me, you should have have responded in kind. Dan Nelson E. Timken, Esq. wrote: > -----Original Message----- > From: Tom Worley [mailto:stkguru@netside.net] > Sent: Sunday, August 02, 1998 6:06 AM > To: Nelson E. Timken Esq. > Subject: Re: [CANSLIM] earnings release dates and sec filings, and > insider buying . > > Nelson, I find your response needlessly rude, unprofessional and > unbecoming, especially to a newcomer and by another lawyer. As if > Jeffrey's rude behaviour was not a sufficient example of how this > group had deteriorated! > > Tom W > > -----Original Message----- > From: Nelson E. Timken, Esq. > To: canslim@lists.xmission.com > Date: Saturday, August 01, 1998 5:30 PM > Subject: RE: [CANSLIM] earnings release dates and sec filings, and > insider buying . > > >Frainke D. Molluske: > > > >No suggestions for you. > >Hope you leiarne well. > >Start with Speilling. > > > >:) > > > >"Neilson" > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Mulack@aol.com > >Sent: Saturday, August 01, 1998 4:48 PM > >To: canslim@lists.xmission.com > >Subject: Re: [CANSLIM] earnings release dates and sec filings, and > >insider buying . > > > > > >Neilson E. Timken, > > > >I choose not to mention the name of the other group intentionally. I > can > >appreciate your concern, however do you have any suggestions on my > origional > >question. It may seem like a insignificant question but I am trying > to > >learn > >as much of the markets as I can. > > > >Thank you > > > >Frank D. Mulack > > > >- > > > > > >- > > > > - > - - ------------------------------ Date: Sun, 2 Aug 1998 11:42:24 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] FW: [NOT CANSLIM] earnings release dates and sec filings, and insider buying . Dan: I think he should have posted it, which is why I did. I won't belabor it. It speaks for itself. I don't want to get into a p***ing contest the likes of which I have seen before. It just isn't worth it. Nelson - - ------------------------------ Date: Sun, 02 Aug 1998 19:29:47 +0200 From: Johan Van Houtven Subject: non [CANSLIM] Psychological aspects of trading. Acquiring a skill. What do you think about the following: There is a skill you want to acquire. You want to be able to ride a bicycle. What is the best way to acquire that skill and become a good bicyclist? 1) Should you start by reading as much as you can about bicycling? 2) Should you get a bike and get on with it? 3) Should you find a trainer (mom, dad, brother, sister, best cyclist you know, ...) and get to it? Questions I'm asking myself and some comments about points 1 to 3: 1) Has anyone ever learned to ride a bike, i.e. acquired the skill, by reading books about it? Or can one safely say that by reading books about cycling one mostly acquires *knowledge* about riding a bicycle and not skill? Even after reading lot's of books about it? 2) Can you learn to ride a bike on your own, without ever having seen how one rides a bike? Possibly, but it seems to me that it would help quite a lot if you could see how it is done correctly. 3) Is getting a trainer to help you learn to ride a bike the best way to go *if* you want to acquire the *skill* ASAP? The better the trainer, the easier it will be? If I answer these questions myself, I can conclude that if I wanted *knowlegde* about bicycling I should reads lots of books about it. If I wanted to acquire the *skill*, i.e. be able to really ride a bike and enjoy it, I should find me a good trainer. Of course I can nitpick the details of this reasoning. But the more important question is: Is the above basically correct? Now comes the part that has to do with trading/investing. How does the above apply to learning about the psychological aspects of trading/investing? Can one learn it easily, simple by reading books about it? Does reading books about automatically give you the skill? Or do you primerily acquire knowledge, not skill, by reading these kind of books? Is one often merily *hoping* that one acquires the skills by reading the books? Have you ever felt really excited after reading a good book about investing, only to find it of little *practical* use as time wore on? I currently think that learning to cycle is about conditioning your body to have certain necessary reflexes (almost) automatically. And that learning the psychological aspecst of trading/investing is about conditioning your brain to have certain necessary reflexes (almost) automatically. Enough questions for one post, I would think. But I would like to take it one step further in one of the next posts: What does one answer if someone asks how he/she can best learn CANSLIM investing? Constructive critisism welcome. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Sun, 2 Aug 1998 17:05:14 EDT From: Subject: Re: [CANSLIM] earnings release dates and sec filings, and insider buying . Holly Cow Nelson, you are a real winner. Your e-mail reminded me of Jr. High. Felt good to think about my youthful days. Frank D. Mulack - - ------------------------------ End of canslim-digest V2 #347 ***************************** 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.