Go to Jeff Salisbury LWGate Home Page.From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] holdings
Date: Sat, 20 Apr 2002 19:06:33 -0500
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Ian, thank you for all of the good information. i am sorry i was so =
blunt. your holdings reminds me somewhat of Kevin's with Coolcat. yes, =
small caps have been good lately, and glad that you are making good =
money. i have quite a bit of money to invest, so need to invest in =
stocks with larger trading volume. good luck in the future. david
----- Original Message ----- From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 19, 2002 9:59 PM
Subject: Re: [CANSLIM] holdings
David:
Since you asked, and I've been getting numerous requests for lists, I =
figured I'd toss out some names for perusal. Remember that almost all of =
these are far extended from where they were when their quantum volume =
changes hit, and are not currently personal buy candidates. Please treat =
this as a 'proof of strong "M"', which is the context in which I threw =
it together:
My only significant new buy this week was AIRM, at an $8 pivot point, =
although I pyramided a little to some others.
But I have been watching many others that I bought earlier continue to =
rise:
MRGE - from a pivot around $4.80
CVGR - from a pivot at $3.35
NSYS - from pivot at $8.60
PMSI - from $6.80 pivot
PAGI - from a pivot at $18.10
FNIS - from a pivot at $14.30 (sold today on strong distribution)
USAP - from a pivot at $9.60
TENT - from a pivot at $9
Ones that I prematurely or already sold, but are still rising:=20
NBSC - from $6
MTEC - from $24.50 pivot
BEL - from $4 pivot, and $6.50 pivot, and $7 pivot ...
USLB - from a pivot at $9.90
DOCC - from a pivot at $4
NWRE - from a pivot at $3
ONDI - from a pivot at $8 (was recently bought out at $12)
ICTG - (from deep in the base, around $11)
QGLY - (from a pivot at $4 - just sold, appears to have peaked =
yesterday)
ATPX - from a pivot at $20
DFXI - (I bought it and sold it the same day, for a loss, in early =
November around $20. Think I sold at the bottom tick under $20 :( I have =
a terrible track record of selling too early for a loss when buying in =
the base - I am prone to costly vaccilation.)
Others - without CANSLIM charts, but rising:
FWHT - from the base at $3.25
ALOG - non-CANSLIM (but about to have massive growth) from the base in =
the $38-$42 range
TKCI - from the base at $10
Even issues that I consider short candidates (others might consider =
them solid CANSLIM stocks) are rising strongly:
CSTR
DYII
XMM (This was on my long list from a pivot at $9.25 - before the =
recent news)
I do also have a large list that are going nowhere, but I don't have =
nearly as many that are actually strongly trending down, although there =
are definitely some of them.
Also, if I started looking through my notes at the ones that I never =
purchased, but interested me, the list of rising issues would be a lot =
bigger -particularly the small/microcap restaurants/retailers that I =
tend to avoid - many of them are moving up on strong volume compared to =
their historical averages.
The point is that my watch lists, which are 95% culled from stocks =
with rising revenues and EPS, and modest valuations (issues with =
extraordinary upcoming growth, but non-existant current EPS like ALOG =
are exceptions), are littered with strongly uptrending stocks, many =
rangebound stocks, and far fewer that are trending down. What is CANSLIM =
about buying them now is this: they are all showing strong growth, and =
the market is clearly rewarding them for that growth. That has not =
always been the case for the last 25 months. It appears to be the case =
now. How much more evidence should I need?
Ian
PS - I realize that I am being strongly opinionated about this right =
now, and I apologize if it offends. But I can't help thinking that those =
who think we are still in a broad bear market are akin to the people =
who, refusing to look at tech in Oct '98 - Feb '00, thought we were in =
a terrible bear back then, and failed to profit from what the market was =
offering. I do understand that if I had tens of millions of dollars to =
manage, I might have a different perspective -as it would be decidedly =
harder to place the capital efficiently. But I do not have that problem, =
so it does not cloud my perspective.
----- Original Message -----=20
From: david frank=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 19, 2002 3:57 PM
Subject: Re: [CANSLIM] holdings
i wonder what stocks you have been buying and at what pivot points? =
and what is CANSLIM about buying stocks now other than what you "feel"? =
david
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 19, 2002 4:10 PM
Subject: Re: [CANSLIM] holdings
"this is not really the time to buy stock not unless you are a =
gambler and get a thrill out of losing money"
My percentage of winners to losers hasn't been this high in a =
loooong time. After being dogged hard work since Feb 2000, I'm finally =
starting to feel like its getting a bit 'easier'. It feels like a strong =
'M' to me. And I'm reinforced in my view when MSFT can go up on the =
garbage outlook they gave last night - i.e, its nice to know that I =
don't have to lose sleep over broad-based panic selloffs.
Ian
PS - I 'bottom-fished' PENN at $10 just 16 months ago, and sold it =
for a wash, saying to myself: "bottom-fishing isn't CANSLIM, =
bottom-fishing isn't CANSLIM", in spite of their fabulous fundamentals =
at the time. The change in average-daily-volume since its real breakout =
at around $18 last April has been impressive. That's when I "should" =
have bought it - I suspect the fact that I'd sold it at $10 just 4 =
months earlier held me back - another valid reason for not =
bottom-fishing: it might effect your future trades!
----- Original Message -----=20
From: david frank=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 19, 2002 11:42 AM
Subject: Re: [CANSLIM] holdings
Chris, if you all kicked butt on wall street-what has happened =
to that group??? personally,i like PENN, although it broke out this =
morning at 38.80. had a flat base than small cup with great fundamentals =
and high industry group. that being said-this is not really the time to =
buy stock not unless you are a gambler and get a thrill out of losing =
money. for every DFXI, there are many more that you will lose a lot of =
money on if you don't cut your losses. david -Original Message -----=20
From: Vanchee1@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 19, 2002 11:04 AM
Subject: Re: [CANSLIM] holdings
Katherine, comments from a different angle, well put and you =
do make a lot of sense. I sometimes just get a little frustrated that we =
don't have a watch list, and we don't quickly identify breakouts to each =
other. Years ago I was part of another CANSLIM group and we really kick =
butt on wall street, we did have a watch list and we all immediately =
noted and discussed breakouts. I just have to realize that the dynamics =
with this group is different and not try to change things.
Your input is appreciated, Chris.=20
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<DIV><FONT face=3DArial size=3D2>Ian, thank you for all of the good =
information. i=20
am sorry i was so blunt. your holdings reminds me somewhat of Kevin's =
with=20
Coolcat. yes, small caps have been good lately, and glad that you are =
making=20
good money. i have quite a bit of money to invest, so need to invest in =
stocks=20
with larger trading volume. good luck in the future. =
david</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
<B>From:</B> <A=20
title=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 19, 2002 =
9:59=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
holdings</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>David:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Since you asked, and I've been getting numerous =
requests for=20
lists, I figured I'd toss out some names for perusal. Remember that =
almost all=20
of these are far extended from where they were when their quantum =
volume=20
changes hit, and are not currently personal buy candidates. Please =
treat this=20
as a 'proof of strong "M"', which is the context in which I threw =
it=20
together:</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>My only significant new buy this week was AIRM, at =
an $8=20
pivot point, although I pyramided a little to some =
others.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>But I have been watching many others that I bought =
earlier=20
continue to rise:</FONT></DIV>
<DIV><FONT size=3D2>MRGE - from a pivot around $4.80</FONT></DIV>
<DIV><FONT size=3D2>CVGR - from a pivot at $3.35</FONT></DIV>
<DIV><FONT size=3D2>NSYS - from pivot at $8.60</FONT></DIV>
<DIV><FONT size=3D2>PMSI - from $6.80 pivot</FONT></DIV>
<DIV><FONT size=3D2>PAGI - from a pivot at $18.10</FONT></DIV>
<DIV><FONT size=3D2>FNIS - from a pivot at $14.30 (sold today on =
strong=20
distribution)</FONT></DIV>
<DIV><FONT size=3D2>USAP - from a pivot at $9.60</FONT></DIV>
<DIV><FONT size=3D2>TENT - from a pivot at $9</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>
<DIV><FONT size=3D2>Ones that I prematurely or already sold, but are =
still=20
rising: </FONT></DIV>
<DIV><FONT size=3D2>NBSC - from $6</FONT></DIV>
<DIV><FONT size=3D2>MTEC - from $24.50 pivot</FONT></DIV>
<DIV>BEL - from $4 pivot, and $6.50 pivot, and $7 pivot ...</DIV>
<DIV>
<DIV><FONT size=3D2>USLB - from a pivot at $9.90</FONT></DIV></DIV>
<DIV>DOCC - from a pivot at $4</DIV>
<DIV>NWRE - from a pivot at $3</DIV>
<DIV>ONDI - from a pivot at $8 (was recently bought out at $12)</DIV>
<DIV>ICTG - (from deep in the base, around $11)</DIV>
<DIV>QGLY - (from a pivot at $4 - just sold, appears to have peaked=20
yesterday)</DIV>
<DIV>ATPX - from a pivot at $20</DIV>
<DIV>DFXI - (I bought it and sold it the same day, for a loss, in =
early=20
November around $20. Think I sold at the bottom tick under $20 :( I =
have a=20
terrible track record of selling too early for a loss when buying in =
the base=20
- I am prone to costly vaccilation.)</DIV></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Others - without CANSLIM charts, but =
rising:</FONT></DIV>
<DIV><FONT size=3D2>FWHT - from the base at $3.25</FONT></DIV>
<DIV><FONT size=3D2>ALOG - non-CANSLIM (but about to have massive =
growth) from=20
the base in the $38-$42 range</FONT></DIV>
<DIV><FONT size=3D2>TKCI - from the base at $10</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Even issues that I consider short candidates =
(others might=20
consider them solid CANSLIM stocks) are rising =
strongly:</FONT></DIV>
<DIV><FONT size=3D2>CSTR</FONT></DIV>
<DIV><FONT size=3D2>DYII</FONT></DIV>
<DIV><FONT size=3D2>XMM (This was on my long list from a pivot at =
$9.25 - before=20
the recent news)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I do also have a large list that are going =
nowhere, but I=20
don't have nearly as many that are actually strongly trending down, =
although=20
there are definitely some of them.</FONT><FONT size=3D2></FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Also, if I started looking through my notes at the =
ones that=20
I never purchased, but interested me, the list of rising issues would =
be a lot=20
bigger -particularly the small/microcap restaurants/retailers that I =
tend to=20
avoid - many of them are moving up on strong volume compared to their=20
historical averages.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The point is that my watch lists, which are 95% =
culled from=20
stocks with rising revenues and EPS, and modest valuations (issues =
with=20
extraordinary upcoming growth, but non-existant current EPS like ALOG =
are=20
exceptions), are littered with strongly uptrending stocks, many =
rangebound=20
stocks, and far fewer that are trending down. What is CANSLIM about =
buying=20
them now is this: they are all showing strong growth, and the market =
is=20
clearly rewarding them for that growth. That has not always been the =
case for=20
the last 25 months. It appears to be the case now. How much more =
evidence=20
should I need?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>PS - I realize that I am being strongly =
opinionated about=20
this right now, and I apologize if it offends. But I can't help =
thinking that=20
those who think we are still in a broad bear market are akin to the =
people=20
who, refusing to look at tech in Oct '98 - Feb '00, thought we =
were in a=20
terrible bear back then, and failed to profit from what the market was =
offering. I do understand that if I had tens of millions of dollars to =
manage,=20
I might have a different perspective -as it would be decidedly harder =
to place=20
the capital efficiently. But I do not have that problem, so it does =
not cloud=20
my perspective.</FONT></DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dcamelot.homes@charter.net=20
href=3D"mailto:camelot.homes@charter.net">david frank</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 19, 2002 =
3:57=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
holdings</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>i wonder what stocks you have been =
buying and=20
at what pivot points? and what is CANSLIM about buying stocks now =
other than=20
what you "feel"? david</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 19, =
2002 4:10=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
holdings</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>"this is not really the time to buy stock not =
unless you=20
are a gambler and get a thrill out of losing money"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>My percentage of winners to losers hasn't been =
this high=20
in a loooong time. After being dogged hard work since Feb 2000, =
I'm=20
finally starting to feel like its getting a bit 'easier'. It feels =
like a=20
strong 'M' to me. And I'm reinforced in my view when MSFT can go =
up on the=20
garbage outlook they gave last night - i.e, its nice to know that =
I don't=20
have to lose sleep over broad-based panic selloffs.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>PS - I 'bottom-fished' PENN at $10 just 16 =
months ago,=20
and sold it for a wash, saying to myself: "bottom-fishing isn't =
CANSLIM,=20
bottom-fishing isn't CANSLIM", in spite of their fabulous =
fundamentals at=20
the time. The change in average-daily-volume since its real =
breakout at=20
around $18 last April has been impressive. That's when I "should" =
have=20
bought it - I suspect the fact that I'd sold it at $10 just 4 =
months=20
earlier held me back - another valid reason for not =
bottom-fishing: it=20
might effect your future trades!</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dcamelot.homes@charter.net=20
href=3D"mailto:camelot.homes@charter.net">david frank</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 19, =
2002 11:42=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM]=20
holdings</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Chris, if you all kicked butt =
on wall=20
street-what has happened to that group??? personally,i like =
PENN,=20
although it broke out this morning at 38.80. had a flat =
base than=20
small cup with great fundamentals and high industry group. =
that=20
being said-this is not really the time to buy stock not unless =
you are a=20
gambler and get a thrill out of losing money. for every DFXI, =
there are=20
many more that you will lose a lot of money on if you don't cut =
your=20
losses. david -</FONT>Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DVanchee1@aol.com=20
href=3D"mailto:Vanchee1@aol.com">Vanchee1@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 19, =
2002=20
11:04 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM]=20
holdings</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0=20
face=3D"Century Gothic" size=3D2 =
FAMILY=3D"SANSSERIF">Katherine, comments=20
from a different angle, well put and you do make a lot of =
sense. I=20
sometimes just get a little frustrated that we don't have a =
watch=20
list, and we don't quickly identify breakouts to each other. =
Years ago=20
I was part of another CANSLIM group and we really kick butt on =
wall=20
street, we did have a watch list and we all immediately noted =
and=20
discussed breakouts. I just have to realize that the dynamics =
with=20
this group is different and not try to change =
things.<BR><BR>Your=20
input is appreciated, Chris.=20
=
</FONT></FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCK=
QUOTE></BODY></HTML>
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