Go to Jeff Salisbury LWGate Home Page.From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic)
Date: Thu, 1 Aug 2002 10:12:12 -0600
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Here is another site that has pretty good educational content.
http://stockcharts.com/education/What/ChartAnalysis/index.html
Here is another link to an article on the Myth of Buy and Hold. It does a
good job of debunking some of the crap that mutual funds use in their
advertise the "if you miss the 5 best days of the year"
http://www.tamingthebear.com/mythbuyhold.doc
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Thursday, August 01, 2002 10:08 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic)
Hi Nancy,
Your email reminded me of the way I felt when I first started reading
technicals. A confirmed fundamentalist, I thought it was a bunch of hooey.
Despite reading example after example, I *still* had trouble understanding
what the heck the author was describing. What I've found over time however
is that chart reading is a lot like any other expertise. Practice, practice,
practice and what was once awkward, seemingly random and inexplicable
becomes second nature. I've read before that intuition is simply the ability
to draw from a store of knowledge and experience without conscious effort.
Practice will build a store of knowledge; investing, making mistakes and
performing post-analysis will build experience. I still keep a practice
binder, as the learning seems never to end. You might try randomly selecting
a couple of stocks a day, mark the charts according to what you know, then
go back to the charts at the end of a couple of weeks, a couple of months, a
couple of years. Remark the chart each time with your new eyes and learn
*again* what you thought you already knew.
Here's some good references for basic chart reading:
How Charts Can Help You in the Stock Market by William L. Jiler
Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
Course 1 in the IBD Learning Center on our Web site has a lesson on chart
reading. To get there directly, go to this link -
http://www.investors.com/learn/B09.asp
Also, go to the Investor's Corner archive entitled “What Can Technical
Indicators Tell Me?” to view past articles on this topic -
http://www.investors.com/learn/IC.asp#tech
The“Ask Bill O’Neil” archive offers a compilation of Q&A’s on the subject
of chart reading at this link -
http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=5
For more detailed information on pivot points go to this link -
http://www.investors.com/learn/ICtech21.asp
Keep after it,
Katherine
"It is not the critic who counts, not the man who points out how the
strong man stumbled or where the doer of deeds could have done them better.
The credit belongs to the man who is actually in the arena; whose face is
marred by dust and sweat and blood; who strives valiantly; who errs and
comes short again and again; who knows the great enthusiasms, the great
devotions, and spends himself in a worthy cause; who, at best, knows the
triumph of high achievement; and who, at the worst, if he fails, at least
fails while daring greatly, so that his place shall never be with those cold
and timid souls who know neither victory nor defeat." --Theodore Roosevelt
----- Original Message -----
From: zillagirl
To: canslim@lists.xmission.com
Sent: Thursday, August 01, 2002 10:45 AM
Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic)
Thanks for your response. referring to your last line-don't obsess about
the whys but the hows, I don't think I am obsessing-I just am not getting
the charts. I see it when someone explains "look at volume on this day and
what happened to the chart" or "its churning" or "you should have
anticipated the drop by the chart action" but when I look by myself at it I
am not seeing it. I thought if I put it out to the group, someone could
tell me what helped them to understand this better. I guess not. I thought
if I understood what was happening in the market better to make the action
happen(as I do with a cup and handle) I'd see more in the charts. Maybe
not. It's just frustrating but thank you for trying to help. Nancy
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Thursday, August 01, 2002 6:20 AM
Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic)
I don't see the discussion of LNOP as off-topic, instead I see it as
an opportunity to practice the CANSLIM discipline. I've always believed that
what you *don't* buy is often more important than what you *do* buy. Part of
knowing what's worthy of an investment with your risk capital is to have a
disciplined approach to evaluating each potential investment, and the
CANSLIM list is a good place to practice. Following that discipline without
exception makes the difference between OK and excellent returns, because
that methodical process eliminates every emotional dark turn from your
decision making. While it may seem that folks will post nothing but negative
about a particular stock, it's important to have a methodology that weighs
the pros and cons and then gives you a process to determine if the final
weight is favorable given the risk/reward tradeoff. In the end, there's not
a single investment decision that won't have odds. You stack those odds in
your favor as best you can and then take the plunge. But.....odds also imply
that, even if you've followed a discipline to the letter, there's *still* a
chance that it will work against you. Discipline then takes over when you
are forced to let go and move on to an alternative.
While were talking psychology, I'll just answer your question about
"the mass investor thing" by saying that it is more important to know what
*is* than *why* it is. Chart patterns are formed because folks on the way up
have differing objectives. Some have been in for a while and are simply
taking their profits and moving on to another investment, some are taking
money out of the stock because they know something about the
business/company/industry/market that others haven't yet perceived, still
others are fearful that they'll miss the boat or that they'll lose their
profits if they overstay their welcome. That causes a correction of some
sort. If there is another group of investors willing to step up to the
plate, then the stock will form some sort of consolidation, set up and keep
moving on. If there is not, then the stock falls. I wouldn't obsess about
the why's, just the how-to's.
Katherine
----- Original Message -----
From: zillagirl
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 6:04 PM
Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic)
Thank you Katherine-that's why I went off topic. He requested
opinions earlier and it interested me so I gave one. Is this o.k., to go off
topic or is it necessary to word it in a canslim type format as you did?
Also could I request your opinion on something. I sent a post this morning
about a W chart-I believe you sent the chart through. The charts and volume
thing is driving me nuts because I'm not seeing it. I saw a run up and a
shake out - a run up and a shake out. Do you have any advice or thoughts as
to why and what to do-or do you see the same thing at all? I don't
understand the mass investor thing that makes a W or triple bottom happen
like I do the cup with a handle. I was hoping to get a response but didn't,
because I'm frustrated by it. But if no thoughts on how to help, appreciate
your time. Thanks Nancy
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 3:42 PM
Subject: [CANSLIM] LNOP (was Tomorrow -off topic)
Donald & Nancy,
Here are the only facts you need to see this is a stinky stock...
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
Research is one thing if you want to be "in the know" on a
technology with "potential"....but the only way to make (and keep) real
money over the long run is to stick to a discipline and this stock meets
absolutely zero CANSLIM criteria. If this were a short term trading forum,
then we'd be having an different discussion about an entirely different
discipline.
Katherine
----- Original Message -----
From: zillagirl
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 5:04 PM
Subject: Re: [CANSLIM] Tomorrow -off topic
Donald-I did a little checking on LNOP when I read your post. I
am always interested in new products and in some cases will buy in and wait
for the business to develop and the fundamentals to improve, to buy low.
Apparently EZ Chip won the award for the most highly integrated 10 Gigabit
network processor. This company is a subsidiary of Lan Optics(semi
conductor company). Lan optics holding in EZ Chip was just increased from
57% to 66 % by issuing Apax-a venture capitalist co. who held the shares-
1.2 million newly issued shares of Lan Optics, for their additional stake.
The EZ Chip is suppose to save time and money of up to 80%. I have three
things that kept me from going further and checking acc.-roe-rs etc.
1).Possible dilution of Lan Optic share by 1.2 million. 2) They are not
anticipating sales to affect revenues for apx. 1 year. 3) Semis not shining
lately .I appreciate your bringing it to my attention and I will follow it ,
but I think with the market like it is there may be a better buy in
opportunity closer to when company starts to grow from the new product. But
I could be just as wrong as right. I got my research from T.D. Waterhouse
web site. Good Luck with it. nancy
----- Original Message -----
From: Donald Wallker
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 2:21 PM
Subject: Re: [CANSLIM] Tomorrow
I'm so glad to hear from someone in the thick of things that
tells me that emotions, rather than hide-bound calculations ,rule the day
in the market. In truth, I'd rather take a risk, based on the sentiment of
the marketplace together with some reasonable input, than to always hang my
hat on CANSLIM. For example, early this morning I came within a hair of
buying into AYE, not because I thought it was a great investment but
because, at the opening bell it was paying close to %10 in dividends and I
knew in my heart that that would not last. Rather, I thought I could easily
take a %10 to %15 profit by buying early and selling late today, since, no
doubt, the brokers would be pushing the stock. As it turned out, the ere
was more that %10 invloved However, I found a potentially more favorable,
but admittedly longer term investment, that is, LNOP. for less that its
closing price. I'd rather run a risk for a %500 gain than c\to ontinuously
rake in %10 plus gains. It's all a matter of perspective ------ Donald
----- Original Message -----
From: Fred Richards
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 4:46 PM
Subject: RE: [CANSLIM] Tomorrow
Heck, it was just the wise guys pushing the market up at the
end. Check the volume. Today was month end and they were trying to pretty up
things. The turnaround looks very suspicious from my perspective
particularly as almost all of the recent ones have occurred after 3 p.m. in
NY including this one.
For me, I'll look at what the overseas markets are doing and
the pre-market NASDAQ indicator before getting too excited. Further more,
they were substantially more new lows than new highs for both the NYSE and
the NASDAQ.
But emotions, not facts, rule markets even among the big
players.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker
Sent: Wednesday, July 31, 2002 3:06 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Tomorrow
"Tomorrow, tomorrow, there's always tomorrow, it's only a
day away." And I suspect that it will be a be a Bull day tomorrow given
the turn-around in todays trading. At this writing we are not yet closed,
but we are far, far up from today's earlier market weakness, which
normally bodes well for tomorrow. So-- to everyone in the Group i bid you a
Happy Tomorrow! - - Donald
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D782300916-01082002>Here=20
is another site that has pretty good educational =
content.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><A=20
href=3D"http://stockcharts.com/education/What/ChartAnalysis/index.html">h=
ttp://stockcharts.com/education/What/ChartAnalysis/index.html</A></FONT><=
/DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV>
<DIV><SPAN class=3D782300916-01082002><FONT face=3DArial color=3D#0000ff =
size=3D2>Here=20
is another link to an article on the Myth of Buy and Hold. It does =
a good=20
job of debunking some of the crap that mutual funds use in their =
advertise the=20
"if you miss the 5 best days of the year"</FONT></SPAN></DIV>
<DIV><SPAN class=3D782300916-01082002><FONT face=3DArial color=3D#0000ff =
size=3D2><A=20
href=3D"http://www.tamingthebear.com/mythbuyhold.doc">http://www.tamingth=
ebear.com/mythbuyhold.doc</A></FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Thursday, August 01, 2002 10:08 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] LNOP (was =
Tomorrow=20
-off topic)<BR><BR></FONT></DIV>
<DIV>Hi Nancy,</DIV>
<DIV> </DIV>
<DIV>Your email reminded me of the way I felt when I first started =
reading=20
technicals. A confirmed fundamentalist, I thought it was a bunch of =
hooey.=20
Despite reading example after example, I *still* had trouble =
understanding=20
what the heck the author was describing. What I've found over time =
however is=20
that chart reading is a lot like any other expertise. Practice, =
practice,=20
practice and what was once awkward, seemingly random and inexplicable =
becomes=20
second nature. I've read before that intuition is simply the ability =
to draw=20
from a store of knowledge and experience without conscious effort. =
Practice=20
will build a store of knowledge; investing, making mistakes and =
performing=20
post-analysis will build experience. I still keep a practice binder, =
as the=20
learning seems never to end. You might try randomly selecting a =
couple of=20
stocks a day, mark the charts according to what you know, then =
go back=20
to the charts at the end of a couple of weeks, a couple of months, a =
couple of=20
years. Remark the chart each time with your new eyes and learn *again* =
what=20
you thought you already knew.</DIV>
<DIV> </DIV>
<DIV>Here's some good references for basic chart reading:</DIV>
<DIV>How Charts Can Help You in the Stock Market by William L.=20
Jiler</DIV>
<DIV>Secrets for Profiting in Bull and Bear Markets by Stan =
Weinstein</DIV>
<DIV> </DIV>
<DIV>Course 1 in the IBD Learning Center on our Web site has a lesson =
on chart=20
reading. To get there directly, go to this link - <A=20
href=3D"http://www.investors.com/learn/B09.asp"><FONT face=3DVerdana=20
color=3D#336699>http://www.investors.com/learn/B09.asp</FONT></A> =
<BR>Also, go=20
to the Investor's Corner archive entitled =93What Can Technical =
Indicators Tell=20
Me?=94 to view past articles on this topic - <A=20
href=3D"http://www.investors.com/learn/IC.asp#tech"><FONT =
face=3DVerdana=20
color=3D#336699>http://www.investors.com/learn/IC.asp#tech</FONT></A>=20
<BR>The=93Ask Bill O=92Neil=94 archive offers a compilation of =
Q&A=92s on the=20
subject of chart reading at this link - <A=20
=
href=3D"http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5">=
<FONT=20
face=3DVerdana=20
=
color=3D#336699>http://www.investors.com/askBill/Search_ByTopic.asp?Topic=
ID=3D5</FONT></A>=20
<BR>For more detailed information on pivot points go to this link - <A =
href=3D"http://www.investors.com/learn/ICtech21.asp"><FONT =
face=3DVerdana=20
=
color=3D#336699>http://www.investors.com/learn/ICtech21.asp</FONT></A></D=
IV>
<DIV> </DIV>
<DIV>Keep after it,</DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>"It is not the critic who counts, not the man who points out how =
the=20
strong man stumbled or where the doer of deeds could have done them =
better.=20
The credit belongs to the man who is actually in the arena; whose face =
is=20
marred by dust and sweat and blood; who strives valiantly; who errs =
and comes=20
short again and again; who knows the great enthusiasms, the great =
devotions,=20
and spends himself in a worthy cause; who, at best, knows the triumph =
of high=20
achievement; and who, at the worst, if he fails, at least fails while =
daring=20
greatly, so that his place shall never be with those cold and timid =
souls who=20
know neither victory nor defeat." --Theodore Roosevelt</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=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</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> Thursday, August 01, =
2002 10:45=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] LNOP =
(was=20
Tomorrow -off topic)</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for your response. referring =
to your=20
last line-don't obsess about the whys but the hows, I don't =
think I am=20
obsessing-I just am not getting the charts. I see it when =
someone=20
explains "look at volume on this day and what happened to the =
chart" =20
or "its churning" or "you should have anticipated the drop by the =
chart=20
action" but when I look by myself at it I am not seeing =
it. I=20
thought if I put it out to the group, someone could tell me what =
helped them=20
to understand this better. I guess not. I thought if I=20
understood what was happening in the market better to make the =
action=20
happen(as I do with a cup and handle) I'd see more in the =
charts. =20
Maybe not. It's just frustrating but thank you for trying to=20
help. Nancy</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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> Thursday, August 01, =
2002 6:20=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] LNOP =
(was=20
Tomorrow -off topic)</DIV>
<DIV><BR></DIV>
<DIV>I don't see the discussion of LNOP as off-topic, instead I =
see it as=20
an opportunity to practice the CANSLIM discipline. I've always =
believed=20
that what you *don't* buy is often more important than what you =
*do* buy.=20
Part of knowing what's worthy of an investment with your risk =
capital is=20
to have a disciplined approach to evaluating each potential =
investment,=20
and the CANSLIM list is a good place to practice. Following that=20
discipline without exception makes the difference between OK and =
excellent=20
returns, because that methodical process eliminates every =
emotional dark=20
turn from your decision making. While it may seem that folks will =
post=20
nothing but negative about a particular stock, it's important to =
have a=20
methodology that weighs the pros and cons and then gives you a =
process to=20
determine if the final weight is favorable given the risk/reward =
tradeoff.=20
In the end, there's not a single investment decision that won't =
have odds.=20
You stack those odds in your favor as best you can and then take =
the=20
plunge. But.....odds also imply that, even if you've followed a =
discipline=20
to the letter, there's *still* a chance that it will work against =
you.=20
Discipline then takes over when you are forced to let go and move =
on to an=20
alternative.</DIV>
<DIV> </DIV>
<DIV>While were talking psychology, I'll just answer your question =
about=20
"the mass investor thing" by saying that it is more important to =
know what=20
*is* than *why* it is. Chart patterns are formed because folks on =
the way=20
up have differing objectives. Some have been in for a while and =
are simply=20
taking their profits and moving on to another investment, some are =
taking=20
money out of the stock because they know something about the=20
business/company/industry/market that others haven't yet =
perceived, still=20
others are fearful that they'll miss the boat or that they'll lose =
their=20
profits if they overstay their welcome. That causes a correction =
of some=20
sort. If there is another group of investors willing to step up to =
the=20
plate, then the stock will form some sort of consolidation, set up =
and=20
keep moving on. If there is not, then the stock falls. I wouldn't =
obsess=20
about the why's, just the how-to's.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</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> Wednesday, July 31, =
2002 6:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
LNOP (was=20
Tomorrow -off topic)</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Thank you Katherine-that's why =
I went off=20
topic. He requested opinions earlier and it interested me so I =
gave one.=20
Is this o.k., to go off topic or is it necessary to word =
it in a=20
canslim type format as you did? Also could I request your =
opinion=20
on something. I sent a post this morning about a W chart-I =
believe you=20
sent the chart through. The charts and volume thing is =
driving me=20
nuts because I'm not seeing it. I saw a run up and a shake =
out - a=20
run up and a shake out. Do you have any advice or thoughts =
as to=20
why and what to do-or do you see the same thing at all? I =
don't=20
understand the mass investor thing that makes a W or triple =
bottom=20
happen like I do the cup with a handle. I was hoping to get a=20
response but didn't, because I'm frustrated by it. But if =
no=20
thoughts on how to help, appreciate your time. Thanks=20
Nancy</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=3Dkmalm@earthlink.net=20
href=3D"mailto:kmalm@earthlink.net">Katherine Malm</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> Wednesday, July =
31, 2002=20
3:42 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] LNOP =
(was=20
Tomorrow -off topic)</DIV>
<DIV><BR></DIV>
<DIV>Donald & Nancy,</DIV>
<DIV> </DIV>
<DIV>Here are the only facts you need to see this is a stinky=20
stock...</DIV>
<DIV> </DIV>
<DIV>Cashflow NEGATIVE</DIV>
<DIV>Earnings NEGATIVE (never had a positive year)</DIV>
<DIV>Growth in Sales NEGATIVE</DIV>
<DIV>RS 42 and DECLINING</DIV>
<DIV>Price LESS THAN 50 and 200 day moving averages</DIV>
<DIV> </DIV>
<DIV>Research is one thing if you want to be "in the know" on =
a=20
technology with "potential"....but the only way to make (and =
keep)=20
real money over the long run is to stick to a discipline and =
this=20
stock meets absolutely zero CANSLIM criteria. If this =
were a=20
short term trading forum, then we'd be having an different =
discussion=20
about an entirely different discipline.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</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> Wednesday, July =
31, 2002=20
5:04 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[CANSLIM] Tomorrow=20
-off topic</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Donald-I did a little =
checking on LNOP=20
when I read your post. I am always interested in new =
products and in=20
some cases will buy in and wait for the business to develop =
and the=20
fundamentals to improve, to buy low. Apparently EZ Chip =
won the=20
award for the most highly integrated 10 Gigabit network=20
processor. This company is a subsidiary of Lan =
Optics(semi=20
conductor company). Lan optics holding in EZ Chip was just =
increased=20
from 57% to 66 % by issuing Apax-a venture capitalist co. =
who held=20
the shares- 1.2 million newly issued shares of Lan Optics, =
for their=20
additional stake. The EZ Chip is suppose to save time and =
money of=20
up to 80%. I have three things that kept me from =
going=20
further and checking acc.-roe-rs etc. 1).Possible dilution =
of Lan=20
Optic share by 1.2 million. 2) =
They=20
are not anticipating sales to affect revenues for apx. 1 =
year.=20
3) Semis not shining lately .I appreciate your =
bringing it to=20
my attention and I will follow it , but I think with the =
market like=20
it is there may be a better buy in opportunity closer to =
when=20
company starts to grow from the new product. But I =
could be=20
just as wrong as right. I got my research from T.D. =
Waterhouse web=20
site. Good Luck with it. nancy</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=3Ddougald@dmv.com =
href=3D"mailto:dougald@dmv.com">Donald=20
Wallker</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> Wednesday, =
July 31,=20
2002 2:21 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[CANSLIM]=20
Tomorrow </DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I'm so glad to hear from =
someone in=20
the thick of things that tells me that emotions,=20
rather than hide-bound calculations =
,rule=20
the day in the market. In truth, I'd rather take a =
risk,=20
based on the sentiment of the marketplace together with =
some=20
reasonable input, than to always hang my hat on=20
CANSLIM. For example, early this morning =
I came=20
within a hair of buying into AYE, not because I thought it =
was a=20
great investment but because, at the opening bell it was=20
paying close to %10 in dividends and I =
knew in my=20
heart that that would not last. Rather, I thought I =
could=20
easily take a %10 to %15 profit by buying early and =
selling=20
late today, since, no doubt, the brokers would be pushing =
the=20
stock. As it turned out, the ere was more that =
%10 =20
invloved However, I found a potentially=20
more favorable, but admittedly longer term =
investment,=20
that is, LNOP. for less that its closing price. I'd rather =
run a=20
risk for a %500 gain than c\to ontinuously rake in %10 =
plus=20
gains. It's all a matter of=20
perspective ------ Donald </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 =
- -----=20
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; =
font-color: black"><B>From:</B>=20
<A title=3Dadrich@gte.net =
href=3D"mailto:adrich@gte.net">Fred=20
Richards</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> Wednesday, =
July 31,=20
2002 4:46 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: =
[CANSLIM]=20
Tomorrow </DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff size=3D2>Heck, it was just the wise guys =
pushing the=20
market up at the end. Check the volume. Today was month =
end and=20
they were trying to pretty up things. The =
turnaround looks=20
very suspicious from my perspective particularly as =
almost all=20
of the recent ones have occurred after 3 p.m. in NY =
including=20
this one.</FONT></SPAN></DIV>
<DIV><SPAN =
class=3D000053820-31072002></SPAN> </DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff size=3D2>For me, I'll look at what the =
overseas=20
markets are doing and the pre-market NASDAQ indicator =
before=20
getting too excited. Further more, they were =
substantially more=20
new lows than new highs for both the NYSE and the =
NASDAQ.=20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff size=3D2>But emotions, not facts, rule =
markets even=20
among the big players.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original =
Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf =
Of=20
</B>Donald Wallker<BR><B>Sent:</B> Wednesday, July 31, =
2002=20
3:06 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> =
[CANSLIM]=20
Tomorrow <BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>"Tomorrow, tomorrow, =
there's=20
always tomorrow, it's only a day away." And =
I=20
suspect that it will be a be a Bull day tomorrow given =
the=20
turn-around in todays trading. At this writing =
we are=20
not yet closed, but we are far, far up =
from today's=20
earlier market weakness, which normally bodes =
well for=20
tomorrow. So-- to everyone in the Group i =
bid you a=20
Happy Tomorrow! - -=20
=
Donald </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQU=
OTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BO=
DY></HTML>
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