Re: [CANSLIM] SAH

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] SAH
Date: Thu, 2 May 2002 23:54:01 -0400
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Winston,

Guess it depends on the size of your order. My minimum position is 300
shares, and I may buy up to several thousand in several pieces. I am a
patient investor, if I only fill part of my planned position before a stock
takes off, then my glass is half full, and I enjoy that. And if it tanks,
thank goodness my glass is only half full, the damage is not so great.

I usually use market orders on the buy side, altho will also use limits
below the prior day's close when there was a price spike, hoping for a
pullback. On the sell side, I tend to use more limit orders, and be patient,
especially if I have a large position and it is traded thinly.

my typical stock trades under 50K shares a day, many under 10K a day

yes, there are problems with trading thinly traded stocks. I have bought and
sold many where my trade was the total volume for the day. Guess I just have
a knack for it, and enjoy the challenge. That's why I don't post my list of
small caps, it very definitely is not for most investors.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Winston Little" <wlittle1@peoplepc.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, May 02, 2002 11:44 PM
Subject: Re: [CANSLIM] SAH


Tom:
If you focus on small cap, low volume issues, how do you buy in or sell out?

If one buys more than 50 shares you become the market maker.

In the past several days I remember a lot of group discussion about PMFG
(not your selection) which averages 5700 shares per day! Some days it trades
200 shares TOTAL!
My belief is that with issues trading less than 100,000/day there are often
problems trading in or out.

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, May 02, 2002 11:24 PM
Subject: Re: [CANSLIM] SAH


> Hi Marty,
>
> My primary focus is on stocks hitting new highs, works especially well in
a
> lousy market, where money is moving back and forth to such an extent that
> indexes stand still, or decline. I use CBS's marketwatch screening tool to
> get a list of new highs that day, then view the stocks in industry groups
I
> like.
>
> Because I only focus on low priced (under $20) small caps, I can set
filters
> which shorten my list down usually to less than 100 stocks. I am also not
> finding many new candidates, and have done no trades in several weeks
> (partially due lack of time to do my usual routine).
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Marty" <majorgenson@attbi.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, May 02, 2002 11:17 PM
> Subject: Re: [CANSLIM] SAH
>
>
> DGO doesn't have a cwh criteria so how do you find these gems?
>
>
>
> Have you tried any of the following paying sites?
>
>
>
> www.cupwatch.com/
>
> www.cwhcharts.com/
>
>
>
> I figure I should be able to find some of these gems myself instead of
> paying someone else. I have been going to The Official Canslim/ERG Forum
> and getting the IBD A& B list every Friday and searching everyday in IBD
for
> the new companies with a rating of A or B and then scanning through the
> charts for a cwh or long bases. I find this very tedious and a lot of time
> to do and have not come up with much.  I may be missing some graphs due to
> my lack of experience.
>
>
>
> Still new at this and learning so any helpful hints would be appreciated.
>
>
>
> Marty
>
> ----- Original Message -----
> From: "Tom Worley" <stkguru@bellsouth.net>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, May 02, 2002 7:26 PM
> Subject: Re: [CANSLIM] SAH
>
>
> > IBD has a history of featuring stocks long after they are buyable, and
> > already a proven winner. We have had many discussions here about that,
and
> I
> > suspect most members, as well as most paying subscribers, would like
them
> to
> > feature more on current situations. Show the stocks with good c&h
> formations
> > right now that have fundies (fundamentals) that make them worth watching
> > closely.
> >
> > Point out stocks that are ridiculously overextended, or have no fundies
at
> > all, as possible shorts
> >
> > Point out distribution days as they occur, both on indexes and
individual
> > stocks
> >
> > Tom Worley
> > stkguru@bellsouth.net
> > AIM: TexWorley
> > ----- Original Message -----
> > From: "Winston Little" <wlittle1@peoplepc.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Thursday, May 02, 2002 10:18 PM
> > Subject: Re: [CANSLIM] SAH
> >
> >
> > Tom:
> >
> > My thinking had been that I was the only one wondering about the
companies
> > selected and somtimes repeated in feature stories a week or two later in
> the
> > paper.
> >
> >
> > ----- Original Message -----
> > From: "Tom Worley" <stkguru@bellsouth.net>
> > To: <canslim@lists.xmission.com>
> > Sent: Thursday, May 02, 2002 9:54 PM
> > Subject: Re: [CANSLIM] SAH
> >
> >
> > > I often wonder where IBD gets its ideas for stocks to feature, would
> like
> > > them to affirmatively disclose if the company is also a client or has
> > other
> > > business relationship.
> > >
> > > What I see at a glance:
> > > stagnant earnings (in cents) 55, 53, 51,  53
> > > stagnant sales (in millions of $) 1626, 1566, 1679, 1605
> > > debt of 99%, but selling this month $130 million of convertible bonds
> > (which
> > > may dilute the present shares)
> > > funds 27%
> > > chart is extended considerably
> > > forecasts are strong, but look very optimistic compared to what the
> > company
> > > has been earning in past 8 qtrs. Add in stagnant results for past 4
> qtrs,
> > > and I am curious how they expect to grow 34% this year.
> > >
> > > Tom Worley
> > > stkguru@bellsouth.net
> > > AIM: TexWorley
> > > ----- Original Message -----
> > > From: "Marty" <majorgenson@attbi.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Thursday, May 02, 2002 8:35 PM
> > > Subject: [CANSLIM] SAH
> > >
> > >
> > > Here one that IBD talked about in their Smart Investor section today.
> SAH
> > > which been on top (high EPS & RS) since Jan of this year. It has a 7
day
> > > base with a break out today but is still %4 off it 52 week high. Would
> pp
> > be
> > > at $38.55?
> > >
> > >
> > >
> > > Here are some main fundies:
> > >
> > > EPS 99
> > >
> > > RS       97
> > >
> > > ROE    17%
> > >
> > > Earnings 1.91            1.69            1.27            .74
> > > (from barchart)
> > >
> > > Group fundamental rating is only at 72
> > >
> > > Group technical rating is at 95
> > >
> > >
> > >
> > > Any thoughts?
> > >
> > >
> > >
> > > Marty
> > >
> > >
> > >
> > > -
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