Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] M
Date: Thu, 21 Nov 2002 22:34:50 -0600
Previous Article (by Subject): RE: [CANSLIM] M "Curt Corley"
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Hi Eric,
A question for you--I noticed in your list of stocks that are "working" =
that there were many CANSLIM quality growth stocks that *have* been =
working and demonstrating leadership noticeably missing from your list. =
When you look at market health, how are you defining the candidates you =
consider to be CANSLIM stocks?
Katherine
- ----- Original Message -----=20
From: Eric Jaenike=20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 4:02 PM
Subject: Re: [CANSLIM] M
I think this market is not nearly as strong as the indices make it =
appear. While it clearly has a bid under it, the very fact that people =
are questioning whether it is real or not says something.=20
Market leadership is firmly rooted in the SOX right now, the =
playground of the beta chasers, and I think that is pulling the market =
along with it. While there certainly is playable strength in the market, =
I think a true bull run would display much better leadership. We are up =
32% on the Nas from the October low, and 21% on the S&P. That is a long =
way to go without clear, assertive leadership. Consider also that we are =
now above 50% bulls.=20
I can find only a handful of stocks that have broken out and really =
performed well. These include VRNT IDXX BSX ELAB TEVA LCI ATRS IGT PIXR. =
(These are only the ones I have on my own lists. There are, of course, =
others, such as ISSX, but for the purposes of this discussion, I am =
excluding them as not pure, traditional CANSLIM). Contrast these with =
the runs in stocks such as KLAC, INTC, VSEA, AMAT, LRCX, QLGC, etc.=20
It seems I am having to work far to hard to find the leadership in =
this market for this to be the solid bull run the indices would have us =
believe.=20
Most recently, there have been runs in the real speculative dogs, such =
as PUMA AKAM INKT LOOK ARBA LEXR OPWV RSAS CELL WGRD TIVO. I consider =
that to also be a sign that this run is getting old.=20
As I watch this run, I am constantly reminded of last year's 4Q. I =
think this run still has legs, but I would pay very close attention to =
my longs.=20
Eric=20
=20
kentuna <kentuna@cox.net> wrote:=20
Katherine,
I know this has been discussed before, but would you kindly define =
small cap and large cap again. What is the actual criteria that is used.
Thanks
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 2:04 PM
Subject: Re: [CANSLIM] M
Hi Ian,
Just a quick note... re your comment "It is also baffling to me =
that the sectors that stand to benefit the most from coming increases in =
government spending - the defense and security sector - are watching =
this action from the sideline as well."=20
I noticed SFNT powering ahead today. I've also noticed that money =
is definitely coming *out* of the safe-haven defensive issues such as =
healthcare/hospitals, etc. In general, I see far more breakouts than =
I've seen since last year, so all together, still looks promising to me.
Katherine
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 3:23 PM
Subject: [CANSLIM] M
Is anyone else finding any "NEW" winners emerging from this =
buying frenzy?
It seems to me that several recent rally leaders are rolling =
over ugly today - HITK, LCI, ACET - while the indices power ahead, =
propelled by the most heavily shorted isues.
It is also baffling to me that the sectors that stand to benefit =
the most from coming increases in government spending - the defense and =
security sector - are watching this action from the sideline as well.
So am I mising the new leaders of the bull, or is this just =
shot-term traders using liquidity to squeeze heavily shorted positions? =
Opinions? Whither 'M'?
Ian
Eric Jaenike
President
Vector Investment Management
303-300-2961
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<DIV>Hi Eric,</DIV>
<DIV> </DIV>
<DIV>A question for you--I noticed in your list of stocks that are =
"working"=20
that there were many CANSLIM quality growth stocks that *have* been =
working and=20
demonstrating leadership noticeably missing from your list. When you =
look at=20
market health, how are you defining the candidates you consider to be =
CANSLIM=20
stocks?</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>----- 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=3Dericjaenike@yahoo.com =
href=3D"mailto:ericjaenike@yahoo.com">Eric=20
Jaenike</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> Thursday, November 21, =
2002 4:02=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] M</DIV>
<DIV><BR></DIV>
<P>I think this market is not nearly as strong as the indices make it =
appear.=20
While it clearly has a bid under it, the very fact that people are =
questioning=20
whether it is real or not says something.=20
<P>Market leadership is firmly rooted in the SOX right now, the =
playground of=20
the beta chasers, and I think that is pulling the market along with =
it. While=20
there certainly is playable strength in the market, I think a true =
bull run=20
would display much better leadership. We are up 32% on the Nas from =
the=20
October low, and 21% on the S&P. That is a long way to go without =
clear,=20
assertive leadership. Consider also that we are now above 50% bulls.=20
<P>I can find only a handful of stocks that have broken out and really =
performed well. These include VRNT IDXX BSX ELAB TEVA LCI ATRS IGT =
PIXR.=20
(These are only the ones I have on my own lists. There are, of course, =
others,=20
such as ISSX, but for the purposes of this discussion, I am excluding =
them as=20
not pure, traditional CANSLIM). Contrast these with the runs in =
stocks=20
such as KLAC, INTC, VSEA, AMAT, LRCX, QLGC, etc.=20
<P>It seems I am having to work far to hard to find the leadership in =
this=20
market for this to be the solid bull run the indices would have us =
believe.=20
<P>Most recently, there have been runs in the real speculative dogs, =
such as=20
PUMA AKAM INKT LOOK ARBA LEXR OPWV RSAS CELL WGRD TIVO. I consider =
that to=20
also be a sign that this run is getting old.=20
<P>As I watch this run, I am constantly reminded of last year's 4Q. I =
think=20
this run still has legs, but I would pay very close attention to my =
longs.=20
<P>Eric=20
<P>=20
<P> <B><I>kentuna <kentuna@cox.net></I></B> wrote:=20
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px =
solid">
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
<STYLE></STYLE>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I know this has been discussed =
before, but=20
would you kindly define small cap and large cap again. What is =
the=20
actual criteria that is used.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Thanks</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, November =
21, 2002=20
2:04 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
M</DIV>
<DIV><BR></DIV>
<DIV>Hi Ian,</DIV>
<DIV> </DIV>
<DIV>Just a quick note... re your comment "It is also baffling to =
me that=20
the sectors that stand to benefit the most from coming =
increases in=20
government spending - the defense and security sector - are =
watching this=20
action from the sideline as well."=20
<DIV> </DIV>
<DIV>I noticed SFNT powering ahead today. I've also noticed that =
money is=20
definitely coming *out* of the safe-haven defensive issues such as =
healthcare/hospitals, etc. In general, I see far more breakouts =
than I've=20
seen since last year, so all together, still looks promising to =
me.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV></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> Thursday, November =
21, 2002=20
3:23 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
M</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Is anyone else finding any "NEW" winners =
emerging from=20
this buying frenzy?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>It seems to me that several recent =
rally leaders=20
are rolling over ugly today - HITK, LCI, ACET - while the =
indices power=20
ahead, propelled by the most heavily shorted isues.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>It is also baffling to me that the sectors =
that stand=20
to benefit the most from coming increases in government =
spending -=20
the defense and security sector - are watching this action from =
the=20
sideline as well.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>So am I mising the new leaders of the bull, =
or is this=20
just shot-term traders using liquidity to squeeze heavily =
shorted=20
positions? Opinions? Whither 'M'?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT=20
=
size=3D2>Ian</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><BR><BR>
<ADDRESS>Eric Jaenike</ADDRESS>
<ADDRESS>President</ADDRESS>
<ADDRESS>Vector Investment Management</ADDRESS>
<ADDRESS>303-300-2961</ADDRESS>
<P><BR>
<HR SIZE=3D1>
Do you Yahoo!?<BR><A=20
=
href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Yaho=
o! Mail=20
Plus</A> - Powerful. Affordable. <A=20
=
href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Sign=
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