Go to Jeff Salisbury LWGate Home Page.From: "Mona Guarino" <webmaster@design21.com>
Subject: RE: [CANSLIM] --> CANSLI?
Date: Tue, 9 Apr 2002 19:49:24 -0700
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John --
As far as a 'true current CANSLIM stock,' I'm not sure I've seen one yet,
but I'm also relatively new to CANSLIM. For now, I'm using CANSLIM more for
learning and using the techniques to manage 'legacy' stocks (things I'd
bought before ever hearing of WON or CANSLIM). I used the IBD ratings and
chart concepts to pare down my existing stocks and try to implement the sell
rules. If I saw something meeting all CANSLIM criteria, I'd sell and put the
money to better use; for now, where it is is still doing better than money
market.
I read the 'N' in CANSLIM as "New Products, New Management, New Highs." I
think the new product / new service / new way of doing business is most
important, a change in management (somehow for the better) is second, and
the new price last. The new high has to do with price resistence from above.
Couple things on the current chart, though. New highs have been on at least
average volume and RS is into new high ground. 50-day line has only been
broken one day since early November. It's still overall #1 stock in the
group and the group is #2 in IBD's industry rankings. I would try to read in
IBD's commentary as raising my caution level, but would try to wait for sell
signals on my particular stock.
I don't know what you bought at or when you did it. So, hard to say whether
your buy or sell were 'mistakes.'
I DO know that I prefer regretting selling too soon over too late these
days. Much less expensive mistakes.
- --Mona
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of John Lessnau
Sent: Tuesday, April 09, 2002 3:49 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] --> CANSLI?
Ok I deferred to the experts here and sold my HOV......fortunately I am
$400 richer for my mistake. This why I bought:
a.. Chart looks to be in a "Base on top of a Base". Pg. 169 ... Looks
very similar to the example chart of Healthcare Compare Corp. O'Neil
states: "When the bearish phase in the overall market eventually ends, the
security will probably be one of the first to race into new high ground and
launch a tremendous advance."
b.. C: Five quarters of accelerated earnings: q1/01 .305 q2 /01
.477 q3/01 .709 q4/01 .739 and q1/02 .596 (Analysts foresee and
strong q2/02)
c.. A: HOV 5 year annually earnings per share show outstanding growth.
d.. N: "Buy stocks as they are making new highs"
e.. S: Small market cap and volume increases as stock has moved up.
f.. L: One of the top stocks in the strongest industry group.
g.. I: Strong but not too strong institutional ownership.
h.. M: N/A : bear market -- M does not apply for any current
tocks. ---> CANSLI
Perhaps someone could point out an example of a true current CANSLIM
stock -- for educational purposes only ;-).
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<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D130375101-10042002>John=20
- -- </SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D130375101-10042002>As far=20
as a 'true current CANSLIM stock,' I'm not sure I've seen one yet, but=20
</SPAN></FONT><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D130375101-10042002>I'm also relatively new to CANSLIM. For now, =
I'm using=20
CANSLIM more for learning and using the techniques to manage 'legacy' =
stocks=20
(things I'd bought before ever hearing of WON or CANSLIM). I used the =
IBD=20
ratings and chart concepts to pare down my existing stocks and try to =
implement=20
the sell rules. If I saw something meeting all CANSLIM criteria, I'd =
sell and=20
put the money to better use; for now, where it is is still doing better =
than=20
money market.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D130375101-10042002>I read=20
the 'N' in CANSLIM as "New Products, New Management, New Highs." I think =
the new=20
product / new service / new way of doing business is most important, a =
change in=20
management (somehow for the better) is second, and the new price last. =
The new=20
high has to do with price resistence from above.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT> </DIV>
<DIV><SPAN class=3D130375101-10042002></SPAN><FONT face=3DTahoma><FONT =
size=3D2><SPAN=20
class=3D130375101-10042002><FONT face=3DArial color=3D#0000ff>Couple =
things on the=20
current chart, though. New highs have been on at least average volume =
and RS is=20
into new high ground. 50-day line has only been broken one day since =
early=20
November. It's still overall #1 stock in the group and the group is #2 =
in IBD's=20
industry rankings. I would try to read in IBD's commentary as raising my =
caution=20
level, but would try to wait for sell signals on my particular stock.=20
</FONT></SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002>I don't know what you bought at or when you =
did it. So,=20
hard to say whether your buy or sell were 'mistakes.'=20
</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002>I DO know that I prefer regretting selling =
too soon=20
over too late these days. Much less expensive=20
mistakes.</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial color=3D#0000ff =
size=3D2><SPAN=20
class=3D130375101-10042002>--Mona</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DTahoma><FONT size=3D2><SPAN=20
class=3D130375101-10042002> </SPAN></FONT></FONT></DIV>
<DIV><FONT face=3DTahoma><FONT size=3D2><SPAN=20
class=3D130375101-10042002> </SPAN>-----Original =
Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<B>On=20
Behalf Of </B>John Lessnau<BR><B>Sent:</B> Tuesday, April 09, 2002 3:49=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
- --> CANSLI?<BR><BR></DIV></FONT></FONT>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px =
solid; MARGIN-RIGHT: 0px">
<DIV><FONT size=3D2>Ok I deferred to the experts here and sold my=20
HOV......fortunately I am $400 richer for my mistake. This why I =
bought:</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<UL>
<LI><FONT size=3D2>Chart looks to be in a "Base on top of a =
Base". Pg.=20
169 ... Looks very similar to the example chart of Healthcare =
Compare=20
Corp. O'Neil states: "When the bearish phase in the =
overall=20
market eventually ends, the security will probably be one of the =
first to=20
race into new high ground and launch a tremendous advance."</FONT>=20
<LI><FONT size=3D2>C: Five quarters of accelerated earnings: =
q1/01=20
.305 q2 /01 .477 q3/01 =
.709 =20
q4/01 .739 and q1/02 .596 (Analysts foresee and =
strong=20
q2/02)</FONT>=20
<LI><FONT size=3D2>A: HOV 5 year annually earnings per share =
show=20
outstanding growth.</FONT>=20
<LI><FONT size=3D2>N: "Buy stocks as they are making new =
highs"</FONT>=20
<LI><FONT size=3D2>S: Small market cap and volume increases as stock =
has moved=20
up.</FONT>=20
<LI><FONT size=3D2>L: One of the top stocks in the strongest =
industry=20
group.</FONT>=20
<LI><FONT size=3D2>I: Strong but not too strong institutional=20
ownership.</FONT>=20
<LI><FONT size=3D2>M: <STRONG><EM>N/A : bear =
market</EM></STRONG>=20
-- M does not apply for any current stocks. --->=20
CANSLI</FONT></LI></UL>
<DIV><FONT size=3D2></FONT><FONT size=3D2>Perhaps someone could point =
out an=20
example of a true current CANSLIM stock -- for educational =
purposes only=20
;-)</FONT>.</DIV></BLOCKQUOTE></BODY></HTML>
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