From: Peter Christiansen Subject: Re: [CANSLIM] ECI/Durable Goods Date: 01 May 1997 00:41:58 GMT+7 ** Reply to note from "Tom Worley" Wed, 30 Apr 1997 07:12:08 -0400 > If it were me, I'd probably close out BA as well, damage already > done from missing estimates, they have a large backlog and are > regularly getting new contracts even tho competition stiff. After seeing today's strength, I closed out BA as well. I wonder if I will ever manage to make any money from the short side. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ How much wood did Peter Piper pick....no, wait.... ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Discount Brokers Date: 01 May 1997 04:48:37 GMT On Wed, 30 Apr 1997 17:01:43 -0500, you wrote: :As many know I do put out a newsletter but am here in NO WAY to add ONE :subscriber. I enjoy this group and I think we "share" information. I say :that in order that you will understand this. I was looking too once, for= I :was once again not happy where I was. I sent out in the letter, which is :International, if ANYBODY had a broker or service or agency that they = were :happy with to please contact me or tell me ANY GOOD stories that they = had. :I have never heard so many sad, sad, sad stories. There was only ONE = firm :that received even ONE positive remark. It, in fact, got five positive :comments. Not one other firm, agency, broker, service got ONE SINGLE = kind :word. And I have lots of people that dearly enjoy giving praise. OK. So = I :changed to this #1 ranked firm for the last 3 years in some publication. :Well, some things are better, some are not. I am living with the short :comings but in actual fact, taking all things into consideration, IMHO, = not :ONE BIT better. It is a shame. I have found that the more money you have :the better you "seem" to get treated. Early on, I could never imagine :having the firm actually back off a trade just because I "said" they = made a :mistake. Get enough money and sometimes, some do listen. Be small and :forget it has been my experience. I know TOM is the exception and he = even :will tell you there are many, many horror stories out there and the more :you know about "how" the industry works the more you see how it happens.= =20 : So, in answer to your question - I can name you 3 discount houses = and :4 full service brokerage firms that I basically don't see a dime's :difference in the lot if they were all the same price in commission. = Good :luck.=20 :James :This is submitted as simply MY OPINION and MY EXPERIENCE. I do make a = LOT :of trades not yearly but DAILY and WEEKLY. That deal by Aufenhauser for :$800 a year one time fee would not do me too much good. You are = restricted :to 20 trades a month. May work for most, but I wonder how much each :additional trade is. What kind of rate do you revert to. Oh well- I've :looked, I've changed, No difference!!! : :---------- :> From: saltydog :> To: canslim@mail.xmission.com :> Subject: [CANSLIM] Discount Brokers :> Date: Wednesday, April 30, 1997 4:45 PM :>=20 :> Hi group: :> I am trying to decide which discount broker to use. Any suggestions. :> Neil Himber :>=20 So, do I get it right James? They all suck? Dan ------------------------------------------------------------------------------- From: tbanerje@siac.com Subject: [CANSLIM] When to sell? Date: 01 May 1997 10:23:05 -0400 This is a multi-part message in MIME format. --------------D0565D3444 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit -- Tapas Banerjee email: tbanerje@siac.com --------------D0565D3444 Content-Type: text/plain; charset=us-ascii; name="canslim.sell.Q" Content-Transfer-Encoding: 7bit Content-Disposition: inline; filename="canslim.sell.Q" I see that there are couple of valuable discussion on picking a a good stock, specially canslim stock e.g above RS95, EPS 95, a/d B, good chart pattern... What you do for selling when the stock price moves up, specially in this market?. Do you move the protective stops as the price of a stock moves? or you have some sell price target? I sold 'CA'(off course it is not a canslim stock) day before yesterday as per O'Neil's guidelines - above 20% price advance on from support( was also my purchase price) My idea was also to generate some cash in this market. But yesterday the price was up again about 2+ points. Do you recommend doing some TA(canslim type?) for this type of selling. Thanks, - Tapas --------------D0565D3444-- ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economic Reports Date: 01 May 1997 10:55:51 -0400 (EDT) >Welcome TJ, hope to see more insight from you in future. Thanks, Tom. Hope my schedule allows me to keep up with you guys. It's been a long while since I've been able to devote time to a mailing list. Glad that a CANSLIM one still exists. >I realize my switch is major from such a prior (most of which you >probably missed) bearish, cautious stance. I find no fault in anything you are saying. I agree with your economic analysis and what it might portend for the future. I will be in even greater agreement if Friday's employment report comes in as expected. Just gonna remain somewhat cautious for another 24 hours . I'm tooling up my watch lists to have them at-the-ready. Like you, I got good vibes on the day the Nasdaq bounced off 1194 intraday and closed above 1200. That was a significant technical event, especially given the previously successful tests of the 1200 area. Unlike Mr. O'Neil's comments, I think we've put in enough time in this correction (4 months) such that any ensuing rally can be emminently tradable from the long side. With the time-compression of market action brought about by the pace of technology (rapid transfer of information), we may be seeing a redefinition of the terms "bear market" and "correction". What used to last 6 to 9 months may only last 4 to 6 now. While the current correction has been shorter than what passes as the classic definition of a bear market, we've certainly seen a great number of smaller-cap issues get their lunch handed to them. >tho I called an end to the correction just a few days ago, it was >on the basis of tech performance I saw and not on the expectation >of such favorable economic reporting data. That we got this only >reinforces my position that we have a trading opportunity for at >least several months. Agreed, net of any shock on Friday. >Long as you're here now, how about an intro and some background? Sho 'nuff. I'm an ex-nuke submariner who left active duty in the late 1980s to follow my heart. I had a stash of cash saved up, so I decided to learn about investing. I'm completely self-taught through reading, information exchanges (in forums such as this one), and hardcore experience. O'Neil's, _How to Make Money in Stocks_ was the first book on investing I ever read. I made a good choice. :) I traded full-time for roughly 5 years for my own account and also picked up a few unsolicited private accounts along the way. After falling prey to a woman and surrendering my bachelorhood, I moved up from Florida (to the DC area) and rejoined the workforce to earn a consistent income. Although I'm back to working full time now (internet solutions for business), my passion for trading remains unabated. While I can't spend nearly the time on research and monitoring that I used to, I've managed to shift my investment time horizon a little further out on the curve to fit my situation. So, I'm not so much a "trader" any more but more of a combination trader/ investor. My main investment tools these days are a combination of Telescan, Interquote (real time), and internet information (Edgar, Motley Fool, Zack's, Bloomberg, & others). The proliferation of internet based information has been a real boon, I think, to investors like ourselves. That's the down & dirty on me. If anyone else would care to introduce themselves, please feel free. Regards, Trader Jack ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Economic Reports Date: 01 May 1997 08:06:33 -0800 > To: canslim@mail.xmission.com > From: investor@yvv.com (Trader Jack) > Trader Jack Would this be the Trader Jack that is Jack Hoch, from RIME a few years ago? Patrick Wahl ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] A few stocks to look at Date: 01 May 1997 10:33:56 -0500 Thursday 10AM GBE: ($12)Certainly not for faint at heart but up and volume high for this stock this early CNC: (41.87) Annouced a purchase and did not DROP like lead balloon. DELL: ($85.38) Up another 1 5/8, expensive but graph LL to UR QNTM: ($43.50) Up about 2, volume already over 4 million SFDS: ($44.50) Probably a great time to get IN - I just got OUT. SMFC: (31.50) Usually very small volume, why the jump yesterday TKR: Haven't done any of the numbers yet but graph (aka price pattern) has my atten. Oh well, got to get back to work. Have a good day and be careful James ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] Economic Reports Date: 01 May 1997 11:09:33 CDT Jack, Thanks for the intro. Most people on this list introduced themselves when they signed on - so they're in the archives. Next week, I will be compiling all the intros and sending them to another list member who is going to set up a web page with them. In this way, we'll know what people's experience is. > That's the down & dirty on me. If anyone else would care to introduce themselves, please > feel free. > You sound like you have a good base, and can contribute intelligently. FYI, I've been investing for 9 years. About 5 years ago I began a gradual transitiion toward CANSLIM - which really isn't complete. My best year was '95 - I doubled my money. My worst year was '96. I took a 70% loss on a stock that gapped down - and kept trying to make it back - rather than putting it behind me. I do use some Peter Lynch techniques as well, in that I never by a stock that has 100 PE - no matter how good the CANSLIM criteria. I also don't buy into companies that I can't understand the basics of. Finally, I like to talk . I read every message here - and contribute about 4 or 5 a week . > Regards, > > Trader Jack > Dave Cameron ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: [CANSLIM] Surface! Surface! Surface! Date: 01 May 1997 14:44:01 -0400 (EDT) >Would this be the Trader Jack that is Jack Hoch, from RIME a few >years ago? Aye mate, 'tis me. How are you doing? :) ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Buy Ideas Date: 02 May 1997 02:24:19 GMT+7 CIBR has broken out today on excellent volume, and is still close enough to the buy point to be bought. TSK looks like it is going to break out at any second. Volume is decent. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ I thought *everyone* knew Stones & Windows don't go together! ------------------------------------------------------------------------------- From: "Patrick Toy" Subject: Re: [CANSLIM] Economic Reports Date: 01 May 1997 20:40:12 -0400 TJ I am currently teaching at Nuclear Power School in Orlando. Welcome aboard. The information you provided was insightful and appreciated. Look forward to learning from you. P Toy ------------------------------------------------------------------------------- From: derek b Subject: [CANSLIM] entrepreneurial vision? Date: 01 May 1997 21:01:41 -0400 CYCH No revenues, no earnings. Companies looking to capitalize on the Internet as a business model have not demonstrated early success. The following news item caught my eye in that the management may have the acumen to focus on early profit strategies. It strikes me that entrepreneurial vision is something difficult to quantify, yet critical to the type of "New America" companies WON preaches about. This list is extraordinarily non-interactive. Very few threads are developed in a discussion style. Perhaps we can get some opinions on a question I consider to be important to fundamental analysis. Namely, how can the individual investor evaluate entrepreneurial vision? How can one monitor that the vision is translated to a successful business plan? To focus simply on high ERG stocks misses tremendous opportunity, yet is a strategy for risk management. I focus on companies with strong fundamentals, but my biggest long term capital gains in investing have come from the development-stage companies that typically form only a portion of my portfolio. Derek Gambling and sex will drive e-commerce The chairman of Cybercash believes "Overseas gambling and adult entertainment will be early-stage drivers of Internet electronic commerce transactions," according to a report posted on the Net by News.com. Appearing at this week's Hambrecht and Quist Technology Conference in San Francisco, William Melton was quoted saying his e-commerce technology company will benefit because, "Revenue from gaming and adult entertainment will be substantial in the early stage. These people tend to be impulse buyers and less price-sensitive." Melton said his company is now working with banks and casinos to facilitate electronic financial transactions. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] FGAS Date: 01 May 1997 19:53:13 -0800 Here is one I just discovered. The industry is foreign to me, so maybe someone has some words of wisdom about the company. Forcenergy Gas Exploration (FGAS) C EPS = 74, kind of low, but last four quarters show accelerating earnings, .10, .13, .23 and .47 for quarter ending Mar. 31. A Fair, coming off a loss in 1995, 1996 = .57, 1997 Est. = $1.25. N unknown S 22.4 million L RS = 94, group RS is 50 I Funds own 18% M Improving. We'll see what the employment numbers say tomorrow. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Surface! Surface! Surface! Date: 01 May 1997 19:53:13 -0800 > From: investor@yvv.com (Trader Jack) > Aye mate, 'tis me. How are you doing? :) Not too badly, still doing this investing stuff for a living. The going has been a little rocky the last few months. Good to see you resurface here on this list. The last one we were on was appropriated by Lyndel Liming, who then started charging for it. You have resurfaced just in time for me to tell you that Marbury wuz robbed by Iverson (the ball hog) in ROY voting. (I seem to recall you are a Sixer fan.) Sorry about the reminiscing, fellow Canslimers. I used to have the good luck to read Jack's notes on RIME in the prehistoric (pre-internet) days of a few years ago. We are lucky to have him on the list, he writes good incisive commentary that is very well worth reading. Patrick Wahl ------------------------------------------------------------------------------- From: Michael A Langston Subject: [CANSLIM] old list (was: re: Surface!) Date: 01 May 1997 23:48:16 -0400 > The last one we were on was appropriated by Lyndel Liming, > who then started charging for it. yea, i was on that list too -- what a piece of shi...fting sand swell old lyndel wanted $14 from everyone, took the dough then promptly closed up shop -- he'd better hope i don't catch him in a dark alley some night btw, the most active of us still talk, and some are over on delphi now mike ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economic Reports Date: 01 May 1997 22:13:30 -0400 Thanks for the info, TJ, nice to have another sailor onboard, even if you did desert Florida. Interesting theory on time-compression, had some similiar thoughts myself but no time to explore. Certainly the Fed Reserve time frame has expanded as they got the monetary policy under control. I can recall not that many years ago when they looked forward no more than two to three months. Then it stretched (and fooled most of the investment community it was so subtle) gradually out to about six months. Currently they are modeling out to around nine months. Don't see why access to so much data on the net wouldn't achieve the same effect in reverse. ---------- > From: Trader Jack > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Economic Reports > Date: Thursday, May 01, 1997 10:55 AM > > >I realize my switch is major from such a prior (most of which you > >probably missed) bearish, cautious stance. > > I find no fault in anything you are saying. I agree with your economic analysis > and what it might portend for the future. I will be in even greater agreement > if Friday's employment report comes in as expected. Just gonna remain > > Like you, I got good vibes on the day the Nasdaq bounced off 1194 intraday and closed > above 1200. That was a significant technical event, especially given the previously > successful tests of the 1200 area. Unlike Mr. O'Neil's comments, I think we've put in enough > time in this correction (4 months) such that any ensuing rally can be emminently tradable > from the long side. With the time-compression of market action brought about by the pace > of technology (rapid transfer of information), we may be seeing a redefinition of the > terms "bear market" and "correction". What used to last 6 to 9 months may only last 4 to 6 > > >Long as you're here now, how about an intro and some background? > > Sho 'nuff. I'm an ex-nuke submariner who left active duty in the late 1980s to > follow my heart. I had a stash of cash saved up, so I decided to learn about > investing. I'm completely self-taught through reading, information exchanges > > I traded full-time for roughly 5 years for my own account and also picked up a > few unsolicited private accounts along the way. After falling prey to a woman and > surrendering my bachelorhood, I moved up from Florida (to the DC area) ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Late posting Date: 02 May 1997 06:17:58 -0400 Sorry about the late posting of last night's messages. Apparently my ISP mail server crashed after I picked up my mail, and I couldn't send or receive. Hopefully, I didn't lose anything in the process. Didn't get home till 10PM, had to finish up several projects (including writing the rules for internet use by my brokers, hence my new signature block). Fortunately, one of the responses I got was from techsupport at DG letting me know why I couldn't get stock charts (boy was that frustrated, I'm addicted!). I just needed to download and install the latest software (BTW, I note that they now show the date of the newest version so you can tell if you need to update, lesson learned!). So, since I couldn't send my email, and needed to look at charts, started the download. Not my night, got hung up during the install portion and didn't complete. Finally said goodnight and shut everything down. But that's ok, hadn't intended to open any new positions today as I expect some profit taking and consolidation. Employment report due out this AM, and traders don't like to carry positions over the weekend, esp after a big week. Was encouraged about the "quality" of this mkt last night, reviewed the list of OTC stocks hitting new highs and recognized many as not only good CANSLIM candidates but ones we have talked about here including MSFT, AMAT, DELL, CPWR, BAANF and WSBC. good luck, TGIF, and have a good weekend. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Fw: [CANSLIM] Economic Reports Date: 02 May 1997 06:24:03 -0400 Am reposting this one as it looks like it got lost in my ISP's crash last night. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Economic Reports > Date: Thursday, May 01, 1997 10:13 PM > > Thanks for the info, TJ, nice to have another sailor onboard, even > if you did desert Florida. Interesting theory on time-compression, > had some similiar thoughts myself but no time to explore. Certainly > the Fed Reserve time frame has expanded as they got the monetary > policy under control. I can recall not that many years ago when > they looked forward no more than two to three months. Then it > stretched (and fooled most of the investment community it was so > subtle) gradually out to about six months. Currently they are > modeling out to around nine months. Don't see why access to so much > data on the net wouldn't achieve the same effect in reverse. > > tom w > > ---------- > > From: Trader Jack > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Economic Reports > > Date: Thursday, May 01, 1997 10:55 AM > > > > >I realize my switch is major from such a prior (most of which > you > > >probably missed) bearish, cautious stance. > > > > I find no fault in anything you are saying. I agree with your > economic analysis > > and what it might portend for the future. I will be in even > greater agreement > > if Friday's employment report comes in as expected. Just gonna > remain > > > > Like you, I got good vibes on the day the Nasdaq bounced off 1194 > intraday and closed > > above 1200. That was a significant technical event, especially > given the previously > > successful tests of the 1200 area. Unlike Mr. O'Neil's comments, > I think we've put in enough > > time in this correction (4 months) such that any ensuing rally > can be emminently tradable > > from the long side. With the time-compression of market action > brought about by the pace > > of technology (rapid transfer of information), we may be seeing a > redefinition of the > > terms "bear market" and "correction". What used to last 6 to 9 > months may only last 4 to 6 > > > > >Long as you're here now, how about an intro and some background? > > > > Sho 'nuff. I'm an ex-nuke submariner who left active duty in the > late 1980s to > > follow my heart. I had a stash of cash saved up, so I decided to > learn about > > investing. I'm completely self-taught through reading, > information exchanges > > > > I traded full-time for roughly 5 years for my own account and > also picked up a > > few unsolicited private accounts along the way. After falling > prey to a woman and > > surrendering my bachelorhood, I moved up from Florida (to the DC > area) > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Back in Heaven Date: 02 May 1997 06:56:55 -0400 Back on line with DG, looks like I was just too incompetent (hasty, impatient, etc and probably just too tired to be doing it that late at night while fixing dinner at the same time). Worked fine this AM and went very quickly, faster than I expected for the update. Looked at a couple charts mentioned here: from Peter C - CIBR does look good, on other hand watch out for TSK. It is showing very little growth, thinly traded (avg vol 44,500), and most sig is up/down vol at 0.5. Even tho accum/dist is still a C, u/d is very neg. From Brenda - QNTM - with the earnings reported yesterday morning, surprised it didn't move further, but suspect just starting its run (analogy may be CPQ). Vol was more than double daily avg. SFDS - I think you did right to get out, looks like rolling over, and I suspect these industry groups will not be producing too many good charts for next several months as techs and growth stocks in general come back into favor. While I was at it, looked at the up/down ratio of several I consider to be current and important leaders including DELL, MSFT, CPQ and INTC. Was surprised to see the up/down ratios still so low, however don't know when they were last updated. Will check again this weekend. Gotta get ready for work, and still got some work to do on the computer. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Earnings Surprises Date: 02 May 1997 08:02:17 -0500 Hi Group, Got some big numbers on the earnings surprises page this morning. 8am CST here. Check it out at: http://www.ultra.zacks.com/cgi.bin/AW/EPS/Extreme Have a good day. Tom- how about that interest rate raise. I've been the one saying no but if the market doesn't quit it's irrational exuberance , he may raise it 1.5 bp - Have a good day all James ------------------------------------------------------------------------------- From: "Jay Cliburn" Subject: Re: [CANSLIM] When to sell? Date: 02 May 1997 07:26:19 -0600 > I keep hearing O'Neill blamed (credited??) with a sell rule when > you are up 20%, but I never heard that till I joined this group, > nor have I found it in his book, nor was I ever taught that when I > was getting briefed/trained by his associates. >From _How to Make Money in Stocks_, 2nd ed., p101: "Therefore, I created a rule that I would buy exactly at the pivot point, not pyramid more than 5% past the buy point and would sell each stock when it was up 20% from the breakout point." ... "[However] if the stock was so strong that it vaulted 20% in less than eight weeks, the stock had to be held at least eight weeks." ... "In summary, here was the revised profit-and-loss plan: Take 20% profits when you have them (except with the most powerful of all stocks) and cut losses at 8%" Hope this helps. -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] JBIL - 10:30 am CST Date: 02 May 1997 10:38:15 -0500 Anybody who has been waiting on JBIL to break, it is in new high ground and volume right now already it's daily average. Good luck! James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] RHBC & IBC Date: 02 May 1997 11:06:56 -0500 This stock mentioned in S & P 500 Best Stocks To Have For Next 6-12 Months. In last two days looks like it is headed for PLUTO. IBC mentioned in both S&P and also Zweigs Best. IBC ONLY stock mentioned in both. Just breaking into new high ground once again. New one just came across my scan - MOPO (How do you pronounce that?) Haven't gotten numbers but wished I had owned it at the open. Use the info if you can - James ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 12:52:38 -0400 Brenda wrote: > > This stock mentioned in S & P 500 Best Stocks To Have For Next 6-12 Months. > In last two days looks like it is headed for PLUTO. > IBC mentioned in both S&P and also Zweigs Best. IBC ONLY stock mentioned in > both. Just breaking into new high ground once again. > New one just came across my scan - MOPO (How do you pronounce that?) > Haven't gotten numbers but wished I had owned it at the open. > Use the info if you can - > James Thanks to all the folks posting breakouts. It does look like the money has started flowing into small/midcaps. Would it make sense to see sustained breakouts with these initial picks or would it mae sense to jump in? Hmmm.... Mike (Langston) have you started buying on breakouts yet? Do we have a followthrough Craig? How does the upside/downside risk weigh at this point? Thanks -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 13:31:18 -0400 Hemant, At 12:52 PM 5/2/97 -0400, you wrote: >Thanks to all the folks posting breakouts. >It does look like the money has started flowing into small/midcaps. >Would it make sense to see sustained breakouts with these initial picks >or would it mae sense to jump in? Hmmm.... >Mike (Langston) have you started buying on breakouts yet? >Do we have a followthrough Craig? >How does the upside/downside risk weigh at this point? >Thanks I have been buying for 2 weeks now. Unfortunately I have been buying small positions and have 7 stocks already. Wish I had been buying normally because I am ahead on 6 out of the 7 positions at this point. On 2 of the 7 positions I have already made 2nd purchases (pyramid buys) and am ahead on those as well. The undercurrents of the market based on how the action "feels" on the breakouts seems right. Market is due a pullback at this time, but it may continue strong for a few more days in order to leave a few more people behind. Just when you are sure it is safe to go back in the water is when it tends to correct. On the other hand, Mr. O'Neil just had a 3 part article in IBD, which I am ashamed to say I have not read carefully, but my sense is that he thinks this may be a bear market rally. So I still feel a bit tenative... which is probably a good sign (bull markets climb walls of worry). Bottom line, yes we did have 2 follow throughs and the market looks ok now. But could get sideswiped at any time. Start small, don't get excited. Try to make sure each situation is working before moving on to the next one. Try to catch them within 2-5% of the top of the base. Be wary. Don't rush. If this is the resumption of the bull, there will be lots of opportunities down the road. Good luck, Craig ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] JBIL - 10:30 am CST Date: 02 May 1997 13:31:58 -0400 James, Thanks for the heads up! Craig At 10:38 AM 5/2/97 -0500, you wrote: >Anybody who has been waiting on JBIL to break, it is in new high ground and >volume right now already it's daily average. Good luck! >James > > ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 13:46:37 -0400 Craig Griffin wrote: > > Hemant, > > At 12:52 PM 5/2/97 -0400, you wrote: > >Thanks to all the folks posting breakouts. > >It does look like the money has started flowing into small/midcaps. > >Would it make sense to see sustained breakouts with these initial picks > >or would it mae sense to jump in? Hmmm.... > >Mike (Langston) have you started buying on breakouts yet? > >Do we have a followthrough Craig? > >How does the upside/downside risk weigh at this point? > >Thanks > > I have been buying for 2 weeks now. Unfortunately I have been buying small > positions and have 7 stocks already. Wish I had been buying normally > because I am ahead on 6 out of the 7 positions at this point. On 2 of the 7 > positions I have already made 2nd purchases (pyramid buys) and am ahead on > those as well. The undercurrents of the market based on how the action > "feels" on the breakouts seems right. Market is due a pullback at this > time, but it may continue strong for a few more days in order to leave a few > more people behind. Just when you are sure it is safe to go back in the > water is when it tends to correct. > > On the other hand, Mr. O'Neil just had a 3 part article in IBD, which I am > ashamed to say I have not read carefully, but my sense is that he thinks > this may be a bear market rally. So I still feel a bit tenative... which is > probably a good sign (bull markets climb walls of worry). > > Bottom line, yes we did have 2 follow throughs and the market looks ok now. > But could get sideswiped at any time. Start small, don't get excited. Try > to make sure each situation is working before moving on to the next one. > Try to catch them within 2-5% of the top of the base. Be wary. Don't rush. > If this is the resumption of the bull, there will be lots of opportunities > down the road. > > Good luck, > Craig Craig Thanks for your thoughts. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "James B. Andrews" Subject: [CANSLIM] Good numbers on ORBKF Date: 02 May 1997 11:01:45 -0700 Any comments on ORBKF???? check the DG's... Thx ------------------------------------------------------------------------------- From: Deepak Kapur Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 14:05:39 -0400 (EDT) Craig, How about sharing with us what you have been buying, especially those you have been pyramiding into. I have always read your posts with admiration. Thanks and regards, Deepak ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] good old arch (was re: pix) Date: 02 May 1997 14:53:03 -0400 (EDT) Didn't see "good old arch" but could anyone clarify oil drilling sector that is well regarded by many analysts right now. Could anyone explain if the oil drilling sector might indicate a bear market? While the gun running in various unsettled sattelites around the Balkans continues; tensions are uncertain in the MidEast; and Africa and the Caribbean has its agenda to sort out; could these create grey clouds on the bull market and augment any Bearish attitudes in oil, mining, and defense? I'm interested in your opinions as to whether the sector shifts will be more defined politically this year than letting the market find "same old footing" as last year. Opinions? One previous CANSLIM candidate I'm watching is Ultra Tek Stepper; UTEK which may be forming a base around 17 1/2. May have a nice uptrend coming. Another is FORE; will this one be a dead cat bounce or is it worth a good consideration? Thanks Warren BTW I saw one chartist claim that indeed the NASDAQ has had its lows well tested and is "ok" as the saying goes, for being relatively long until the last week in June. Remember I am a "novice" so check with your local 400 lb. psychic before proceeding with any stock transactions. ------------------------------------------------------------------------------- From: "Nicholas P. Callahan" Subject: RE: [CANSLIM] good old arch (was re: pix) Date: 02 May 1997 12:12:23 -0700 ------ =_NextPart_000_01BC56F2.3A73C030 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Overhead supply on UTEK through $47.00, Lousy rel str -----Original Message----- Sent: Friday, May 02, 1997 11:53 AM Didn't see "good old arch" but could anyone clarify oil drilling sector that is well regarded by many analysts right now. Could anyone explain if the oil drilling sector might indicate a bear market? While the gun running in various unsettled sattelites around the Balkans continues; tensions are uncertain in the MidEast; and Africa and the Caribbean has its agenda to sort out; could these create grey clouds on the bull market and augment any Bearish attitudes in oil, mining, and defense? I'm interested in your opinions as to whether the sector shifts will be more defined politically this year than letting the market find "same old footing" as last year. Opinions? One previous CANSLIM candidate I'm watching is Ultra Tek Stepper; UTEK which may be forming a base around 17 1/2. May have a nice uptrend coming. Another is FORE; will this one be a dead cat bounce or is it worth a good consideration? Thanks Warren BTW I saw one chartist claim that indeed the NASDAQ has had its lows well tested and is "ok" as the saying goes, for being relatively long until the last week in June. Remember I am a "novice" so check with your local 400 lb. psychic before proceeding with any stock transactions. ------ =_NextPart_000_01BC56F2.3A73C030 Content-Type: application/ms-tnef Content-Transfer-Encoding: base64 eJ8+IhYTAQaQCAAEAAAAAAABAAEAAQeQBgAIAAAA5AQAAAAAAADoAAEIgAcAGAAAAElQTS5NaWNy b3NvZnQgTWFpbC5Ob3RlADEIAQ2ABAACAAAAAgACAAEEkAYA0AEAAAEAAAAQAAAAAwAAMAIAAAAL AA8OAAAAAAIB/w8BAAAAUQAAAAAAAACBKx+kvqMQGZ1uAN0BD1QCAAAAAGNhbnNsaW1AbWFpbC54 bWlzc2lvbi5jb20AU01UUABjYW5zbGltQG1haWwueG1pc3Npb24uY29tAAAAAB4AAjABAAAABQAA AFNNVFAAAAAAHgADMAEAAAAaAAAAY2Fuc2xpbUBtYWlsLnhtaXNzaW9uLmNvbQAAAAMAFQwBAAAA AwD+DwYAAAAeAAEwAQAAABwAAAAnY2Fuc2xpbUBtYWlsLnhtaXNzaW9uLmNvbScAAgELMAEAAAAf AAAAU01UUDpDQU5TTElNQE1BSUwuWE1JU1NJT04uQ09NAAADAAA5AAAAAAsAQDoBAAAAHgD2XwEA AAAaAAAAY2Fuc2xpbUBtYWlsLnhtaXNzaW9uLmNvbQAAAAIB918BAAAAUQAAAAAAAACBKx+kvqMQ GZ1uAN0BD1QCAAAAAGNhbnNsaW1AbWFpbC54bWlzc2lvbi5jb20AU01UUABjYW5zbGltQG1haWwu eG1pc3Npb24uY29tAAAAAAMA/V8BAAAAAwD/XwAAAAACAfYPAQAAAAQAAAAAAAACwWgBBIABACoA AABSRTogW0NBTlNMSU1dIGdvb2Qgb2xkIGFyY2ggKHdhcyByZTogcGl4KQD0DAEFgAMADgAAAM0H BQACAAwADAAXAAUADwEBIIADAA4AAADNBwUAAgAMAAsAGgAFABEBAQmAAQAhAAAAMUYzNUJFMjMw MEMzRDAxMUI4MjkwMDIwQUYwMzBFNTkA6wYBA5AGAOQNAAAiAAAACwACAAEAAAALACMAAQAAAAMA JgAAAAAACwApAAEAAAADAC4AAAAAAAIBMQABAAAA2QAAAFBDREZFQjA5AAEAAgBKAAAAAAAAADih uxAF5RAaobsIACsqVsIAAE1TUFNULkRMTAAAAAAATklUQfm/uAEAqgA32W4AAABDOlxXSU5OVFxt YWlsYm94LnBzdAAYAAAAAAAAAM8uLj1OqtARuBIAIK8DDlmigAAAAAAAABgAAAAAAAAAzy4uPU6q 0BG4EgAgrwMOWcKAAAAQAAAAHzW+IwDD0BG4KQAgrwMOWSoAAABSRTogW0NBTlNMSU1dIGdvb2Qg b2xkIGFyY2ggKHdhcyByZTogcGl4KQAAAAADADYAAAAAAEAAOQCg0c7DLFe8AR4AcAABAAAAKgAA AFJFOiBbQ0FOU0xJTV0gZ29vZCBvbGQgYXJjaCAod2FzIHJlOiBwaXgpAAAAAgFxAAEAAAAWAAAA AbxXLMLsI741IsMAEdC4KQAgrwMOWQAAHgAeDAEAAAAFAAAAU01UUAAAAAAeAB8MAQAAABwAAABu cGNhbGxhaGFuQHdvcmxkbmV0LmF0dC5uZXQAAwAGEPe8QKwDAAcQqAQAAB4ACBABAAAAZQAAAE9W RVJIRUFEU1VQUExZT05VVEVLVEhST1VHSCQ0NzAwLExPVVNZUkVMU1RSLS0tLS1PUklHSU5BTE1F U1NBR0UtLS0tLUZST006T1dFTlRJTUVAREVMUEhJQ09NU01UUDpPV0UAAAAAAgEJEAEAAADHCQAA wwkAAHIVAABMWkZ1SxrpTgMACgByY3BnMTI1cjIMYGMxAzABBwtgbpEOEDAzMw8WZmUPkk8B9wKk A2MCAGNoCsBzhGV0AtFwcnEyAACSKgqhbm8SUCAwAdCFAdA2D6AwNTA0FCHzAdAUEDR9B20CgwBQ A9T7Ef8TC2IT4RRQE7IY9BTQEwcTAoM2ORGOMjM4RRdUIAdtIENFAoM3zxF/GXEbrxy1eXIdNA5Q uRGdMTYWMR7/A4JHCdF+ax00D8Ag/yDRIj8DglTPCHAdNB7BIQ04NiV/HLTaQgdAdA3gHTQ1Fk4b eP8HEx0HKKErHR63LJUgVhuR/xZsIegslCOJGmEwTiVmLJT9JuY4C8IwXCiXLJQqJgKRVQjmOwlv MDi/ZQ4wNf856jsBOr87yTnUO/I6Xz4vnz3tPW87nznvEGAyOEO6/0TRRI9FmTnURcJEL0f/R733 Rz9Fb0k0OQ5QTIRN4UYDQ03gAoJzdHlsB5BoHQngdAAAE1AD8GRjdApsCrFcUDhhZGp1c09QBRBn aAVCFjIMAWOHCcBQQAMwc25leBcwLwewBbAAwAJzcwBQc2KWMhRQT0BhE/BcawngfnALkFAfUIMI YFBwC4Bl/U+AdldAAUBRewwwUkQbkDdVIASgC4BnRdFSxmJh/RcQZAIgU4BTJk+wUXBZcfwgMU8T DlBUf1WPVp8AUf9X3ACgUk5aX1tmTwQPwFxvf11/Xo8OUFfPYO9h/1uTM/sCghMQY1RAaYFRcFuQ KlBJV3AgRAEQYXUqQCAKUArAYQnAYXBoIM5GAiFUBCrhaS0PkDVhr1cQbhNk71CDYgsgcglQZ3Ay FqBwMnc0QyEXAHD/AdBrUlGfaH9phm2wbHAFEK0CMC1tEANhOikQb3WQUFN1YmoFkHR1kETwYXRl OlQEKKFt/28P/3AfcS9yN0+gW4MOIWmBWJY3DlBzT3ReUldhFwEgSPdbcQSQVAQ3d094X3lven1f Vu97nw+Qh1AI0GIKsHT+OGfaD1Rj8H2ffqaH4H+weQtQeS9tIHqQCxGAJXP/VAQbkYEvgj+DT3qf cj+JT/+KX4tkdbJ1VHaJGmCNr1EvHYeEOZF/ko+YgERvY/51B4ACMAXQbOA34ZaylhD3llCPMQGA bnYQAGAJ8GuA75rgAgFTwHwyZQDwmuBPYJJwPGBcdgiQd2sLgP5kHsCeggTwB0AQYQFADgDvjwJb Yp/lAhBvBUIXIRLynXagbQtRdqBr8DpcALCcc28BIA3gndBcT6Ll1kUAwAMQLmlQdJuwFxC3llBT AYVSeAFAnOFuT7D3ONCkdGwUYwMgEvMAgAWQ/Gx2X4FksA5wU8CnAgGQ/wAgp5Ke0ZshAcGnARbg D3DPAABksAzQAZAgLjfypvj/DlCnsipAlqCoL6k/qk8PwN9ksAWBq++s/64PbB7AZLDubKuvsG+x dSmqfCrgr0/jtC+xZGIgKAKRtU+nQ/8ooLL/t7+4z7nfp3CA8Lsi/6f/vI+9n6p8G5C7L8Cvwb// ws+ncBpgv6/FP8ZPx1QK+c8DMJYPlx+YrXtPf9FbYlAgc3VwiwEgAiAggFVURUsgdGgDYIJ1ztAg JDQ3LodQ6CwgTAhgc9DwONADIP/OkQqFCoXMFKTSyhLM/84PDwjBUtJTgBLyYmttaznJIyBfm2AD EHaBYX26LdlST86xC4AswU0HkPlkMGdl2VPT28x2gN01YP/VD46fj6+FH4Yvhz+IT8+0B9dWdVMM giBPV0VOYFRJTUVAAQDVkGgEaS4FoG0gW1NN2FRQOuZPA3Bd2v/cBP+Mm90/3k/fX5CfzzwMIddl PwZgAjDl5DgC5Ubr0GF5P9Jwm2DQ8BOg0nBN0Dk3oVvQMTo1MyyATdPWP/B5dbHxfZ9wAIDgwG1A 6aPjeG0EAWkCIOcy9D8f8QF2BfF9f7B1kFtDQYhOU0zmkF0gZ6EQ/1MABvBTAArAFtDGwItwBCDD ONB1kHBpeCnpL8yy/9TP1d/vL8/D09/+v//P1wNyRAOQbiehMBNwE4Ai8fubIiBi4KD2cNKg+/I8 bnkQ4BOApqAKwGlm+9DxpAAg7SCkAODBW8Ckgi9TsAIV0ZB2kCAWgCB39+Dw0xA40GeLgTjgBzDz AO8VsfMADbCfgHlPUPyhZ5P9A2EuHQAHmlNQzIMCFQiQ/9GBE4AI31OwC/Bnk57RKmB7ojKxwGJb cBDRAlBkgHT0PyDTxlfnEE+AD2ICFXRndf5gchRgWWIRQSD2dghx0qEgFGAXEQPAC6H/ZDAWAODw a6ApUQJQ0qCc8PsPYyoha/aRB3HLkP5QObD/jCAKBjlQ95IW8qJQFGCjEK84cMyi/lEPck2ZYEVp IPdtUAfRUwBBJFARgRLAG8J1D3JDCHFiEgH+YDDAc/8O1gyx2nGc8LHACdDQkDhh/9EA4KAboAeE D3GAAcjAW3DfokFJwfMApqDSoGT8oNERfw9yB0ALERJUAhUbwmwwZ/ubEwwSQhIRMGBtABZxa6D/ IXApUf5RD7HScPdgWWLScJcbwqYxGWFlErBJJ/gG/3UBpbFPUAuh/lEIADTw0QDf/QDJoBmj/KAe 8XdPsA9x/wpSolAQhU+gCJAMsTBQCxH7EgACFW1TsKJQpjHg0VMAfnA4QGuhn3HQ4dGQCsF5/xIS CnH+YE+AJNFbsQ9yElT2ICzhUwAiZDCbEPvSAhX/oQJZcQcg/JH+ME9QLkMNcHvmMCkVP9NvAr8D z9aaT/0IIXA40J6AFYL7BfZyW5D/8pCiQScxCuB2kPxAW6IKssZVxFGxwFRla/EQdqD/0MCAcdEz M/81DzYf1wMp8P+jAG0Ao+DzABIAMWFTwFuinxHhaSEXBoDg86AvMjLB/xLA8uIdoGvRscDJoKMQ FbC+cACgHqE75ffhWXEuM4wOQQ1AKiMKwUZPUkX/G6Arky4DCBJAAbHA5tDQcf8RkQcwFzFDERDB CsFroArg/x8xJKEz5vuTGEH3kIvxdpD796EzfVSxEdhAEuY8IENxYxLHO+VCVFcnIBZRd/9HE/xA 2HH3cAdh/jHnYAp0B8nBC6EPck5BU0RB/lEdkh2RKGEMsDvlIVCfUB8K5BbRKEIbwgrBIm9r/zHj KnPyoFui+5DaQNJwnVHfEfFbotLxSwHhIXlSZzoC/xRga7BGsqJQMjMK8Drh/lG6ShRgZUSNf7Cb EG0SAO88ME6wMJAR0SINQJ6AoxD/ByCiwE9BdjA68D1QSXEos5shUJ9xIGQA8kBsYg1w9nDSwDnR YzvlEgCdUTeS/5rgUMFjElyzDBIAkJrgOvC7OpH2oGE9gBmSqmB719YnQ4HYqTvmfQBkEAADABAQ AAAAAAMAERABAAAAAwCAEP////9AAAcwkHfnoSxXvAFAAAgwkHfnoSxXvAELAAGACCAGAAAAAADA AAAAAAAARgAAAAADhQAAAAAAAAMAA4AIIAYAAAAAAMAAAAAAAABGAAAAABCFAAAAAAAAAwAGgAgg BgAAAAAAwAAAAAAAAEYAAAAAUoUAALcNAAAeACaACCAGAAAAAADAAAAAAAAARgAAAABUhQAAAQAA AAQAAAA4LjAAAwAngAggBgAAAAAAwAAAAAAAAEYAAAAAAYUAAAAAAAALADCACCAGAAAAAADAAAAA AAAARgAAAAAOhQAAAAAAAAMAMYAIIAYAAAAAAMAAAAAAAABGAAAAABGFAAAAAAAAAwAzgAggBgAA AAAAwAAAAAAAAEYAAAAAGIUAAAAAAAAeAEKACCAGAAAAAADAAAAAAAAARgAAAAA2hQAAAQAAAAEA AAAAAAAAHgBDgAggBgAAAAAAwAAAAAAAAEYAAAAAN4UAAAEAAAABAAAAAAAAAB4ARIAIIAYAAAAA AMAAAAAAAABGAAAAADiFAAABAAAAAQAAAAAAAAAeAD0AAQAAAAUAAABSRTogAAAAAAMADTT9NwAA 878= ------ =_NextPart_000_01BC56F2.3A73C030-- ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Good numbers on ORBKF Date: 02 May 1997 15:19:38 -0400 James B. Andrews wrote: > > > Any comments on ORBKF???? check the DG's... > > Thx The chart looks good, a little loose handle than I would like to see (15% down from base in shakeout), seems to have broken out -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 15:27:01 -0400 Deepak, I have made pyramid buys on BAANF and ANN in the past couple of weeks. Both are now well past their pivot. O'Neil recommends making initial and pyramid buys within 5% of the pivot. I sometimes stretch that to 10%. I was within 10% on my second purchase on both of these (remember that the pyramid buys are smaller than the initial buy, forming a pyramid). BAANF's pivot was about 48 1/2, ANN's pivot was about 22 3/8. BAANF has given me 1 chance to pyramid. ANN has given me 2 chances to pyramid, but I missed the second one. With ANN, one might buy on the breakout at 23 1/8, and then buy on the bounce after the pullback at 23 1/2. A third chance to buy would have been today after the pullback to 23 1/2 and the strong recovery on volume to drive through 24 at say 24 1/4. If the first buy was 175 shares, then the second buy might be 80 more shares, and the third and final buy might be 45 shares. Regards, Craig ------------------------------------------------------------------------------- From: Deepak Kapur Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 15:42:19 -0400 (EDT) Craig, Thanks, as usual, for your excellent explanations. Deepak ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 15:45:27 -0400 Deepak, Meant to give you some other ideas of good formations that could have been bought in the last two weeks. I may or may not have bought any or all of these, but it doesn't matter, they all could have been bought. And ALL of them were mentioned as a "heads up" by posters on this list in time to buy them on the DAY of their breakout! And they are all acting ok ... MSFT, INVX, CIBR, JBIL (today) Take a look at the charts and the breakout day and the pivots. Our CANSLIM List is to be congratulated. We have some real eagle eyes on our team. Two of the stocks above hovered in buying range for two days (so you could have bought them the day after the breakout as well). They are MSFT and INVX. I think all are too late now (more than 5% past the pivot), although not sure, haven't verified on the charts. Nobody sent a message like "xyz is breaking out now, buy buy buy" and that is good. No one can make the decision for someone else. Everyone has to look at the CANSLIM characteristics and make his/her own decision, but it is nice to get a head's up on a breakout that somone else considers worth a look, and in progress. From there one can make one's own decision. There have been lots more than the few mentioned here and there will be lots more if this trend holds (ie. if this is not just a rally in a bear market). I am still nervous however ... Craig ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] Storage stocks Date: 02 May 1997 22:06:00 +0200 All of a sudden storage stocks like WDC, SEG and QNTM are back in vogue? :-) Example: WDC up 6 3/8 for the day. I'm sitting here besides a man who has loaded up on WDC at +/- 58 a few days ago. He is laughing his head off. Arghh.... ;^) NASDAQ up 34.88 points. What was that about irrational exuberance? 8^) Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 16:03:21 -0400 Craig Griffin wrote: > > Deepak, > > Meant to give you some other ideas of good formations that could have been > bought in the last two weeks. I may or may not have bought any or all of > these, but it doesn't matter, they all could have been bought. And ALL of > them were mentioned as a "heads up" by posters on this list in time to buy > them on the DAY of their breakout! And they are all acting ok ... > > MSFT, INVX, CIBR, JBIL (today) > > Take a look at the charts and the breakout day and the pivots. Our CANSLIM > List is to be congratulated. We have some real eagle eyes on our team. Two > of the stocks above hovered in buying range for two days (so you could have > bought them the day after the breakout as well). They are MSFT and INVX. I > think all are too late now (more than 5% past the pivot), although not sure, > haven't verified on the charts. Nobody sent a message like "xyz is breaking > out now, buy buy buy" and that is good. No one can make the decision for > someone else. Everyone has to look at the CANSLIM characteristics and make > his/her own decision, but it is nice to get a head's up on a breakout that > somone else considers worth a look, and in progress. From there one can > make one's own decision. There have been lots more than the few mentioned > here and there will be lots more if this trend holds (ie. if this is not > just a rally in a bear market). I am still nervous however ... > > Craig Thanks for the suggestions. MSFT and IBM down on a big rally day and all small caps breaking out, the money clearly seems to be flowing into small caps. Also -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 16:11:08 -0400 Craig Griffin wrote: > > Deepak, > > Meant to give you some other ideas of good formations that could have been > bought in the last two weeks. I may or may not have bought any or all of > these, but it doesn't matter, they all could have been bought. And ALL of > them were mentioned as a "heads up" by posters on this list in time to buy > them on the DAY of their breakout! And they are all acting ok ... > > MSFT, INVX, CIBR, JBIL (today) > > Take a look at the charts and the breakout day and the pivots. Our CANSLIM > List is to be congratulated. We have some real eagle eyes on our team. Two > of the stocks above hovered in buying range for two days (so you could have > bought them the day after the breakout as well). They are MSFT and INVX. I > think all are too late now (more than 5% past the pivot), although not sure, > haven't verified on the charts. Nobody sent a message like "xyz is breaking > out now, buy buy buy" and that is good. No one can make the decision for > someone else. Everyone has to look at the CANSLIM characteristics and make > his/her own decision, but it is nice to get a head's up on a breakout that > somone else considers worth a look, and in progress. From there one can > make one's own decision. There have been lots more than the few mentioned > here and there will be lots more if this trend holds (ie. if this is not > just a rally in a bear market). I am still nervous however ... > > Craig Sorry about the last incomplete mail, my mailer screwe up. Thanks for the suggestions. MSFT and IBM down on a big rally day and small/mid caps breaking out, the money clearly seems to be flowing into small caps. Also NASDAQ up 34 points on a record volume of 708 M shares, with adv/decl 2:1 and 139 new high vs 133 new low (key reversal?) This weekend should keep us busy trying to find good ideas for Monday. Keep those great suggestions coming. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: [CANSLIM] Gazarelli reversal Date: 02 May 1997 15:50:30 +0500 Clipped from CNNFN today. Bear market all but extinct Strategist Elaine Garzarelli says the market is entering a long bullish period May 2, 1997: 1:45 p.m. ET NEW YORK (CNNfn) -- Since the Federal Reserve tightened interest rates in March, the number of bulls parading down Wall Street has dwindled. But Elaine Garzarelli, market strategist and head of the New York-based investment firm Garzarelli Investment Management, says there are many, many opportunities among small-cap stocks on the Nasdaq -- specifically among the 3,100 companies in the Nasdaq Industrial Index. "I think it's dart-throwing at this point," Garzarelli said on CNNfn's Before Hours. She said investors should definitely get back into small company aggressive growth funds, even though they've been clobbered in recent months and the Nasdaq Industrial Index has dropped 25 percent since May 1996. Garzarelli said she is bullish because the market is currently following an old pattern. "The Dow and the S&P have dropped close to 10 percent, and usually after the Fed tightens you get a correction," she said. "In 1988 and 1994, after the first Fed tightening, the market dropped close to 10 percent, and then we had a bull market after that." And she thinks the upcoming bull market will continue for the foreseeable future, with only a few 4-to-7 percent corrections. (1.2MB QuickTime) or (277K WAV) or (277K AIFF) When asked why this bull market is so strong, Garzarelli said she sees some very favorable economic underpinnings.(112K WAV) or (112K AIFF) Specifically, Garzarelli noted the federal government's budget deficit has currently dropped to below 1.4 percent of the Gross Domestic Product, compared to 5 percent in the early 1970s. Also the five-year inflation rate is only about 2 percent. "With these figures, the long bond yield should be 6 percent, but it's way out of equilibrium at almost 7 percent," Garzarelli said, adding, "I would buy bonds at this level. I think they look terrific." Garzarelli said the only thing that might mess up the perfect bull-market picture would be something drastic like an oil embargo, which could quadruple oil prices. But even if the Fed tightens interest rates through a series of hikes -- say 0.5 percentage points -- the stock market may enter a six-month stagnation period, but the long bond yield still won't be affected, she said. Garzarelli was so positive about the market, that she came close to saying the bear market was all but extinct. "I've been in this business for 25 years, and I've never seen anything like this before," she said. *----------------------------------------------------------------------* Robert Gammon My opinions are my own. In no way do rgammon@micro.ti.com I represent the views of my employer Using OS/2 Warp Connect, and a user of every version of OS/2 since v1.0 *----------------------------------------------------------------------* ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] When to sell? Date: 02 May 1997 16:52:41 -0400 Jay, At 07:26 AM 5/2/97 -0600, you wrote: >>From _How to Make Money in Stocks_, 2nd ed., p101: > >"Therefore, I created a rule that I would buy exactly at the pivot >point, not pyramid more than 5% past the buy point and would sell >each stock when it was up 20% from the breakout point." >... >"In summary, here was the revised profit-and-loss plan: Take 20% >profits when you have them (except with the most powerful of all >stocks) and cut losses at 8%" Yep. That is what the book says. But in addition, in his seminars and perhaps elsewhere in is book (not sure), he gives examples that advance 200% to 1000%. And he tells you that you should continue to hold and buy subsequent breakouts in the same stocks (adding to positions) as they continue to "act right". I guess the key is "except for the most powerful of all stocks". He also has mentioned stocks that he has held for 3 years (Pic N Save I believe) and which just kept going up 20-30%, forming a new base, and breaking out, and he just stayed with it. Other CANSLIM groups that I have been associated with look for 25-30% profit in a stock before taking profits. Many recommend selling 1/2 of your position and keeping the rest unless another "selling pointer" from O'Neil's book takes you out of it. Just some more ideas. Regards, Craig ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Storage stocks Date: 02 May 1997 17:08:26 -0400 Johan, At 10:06 PM 5/2/97 +0200, you wrote: >All of a sudden storage stocks like WDC, SEG and QNTM are back in vogue? :-) >Example: WDC up 6 3/8 for the day. >I'm sitting here besides a man who has loaded up on WDC at +/- 58 a few >days ago. He is laughing his head off. The volatility is amazing, isn't it? But, if it had collapsed through the bottom of the base by a similar amount, he would be crying. The point is ... how does one know which will happen? Your friend must have nerves of steel! I could see buying the bounce after it tested 55 a few days back and gapped up the following day at around 60 on higher volume, but to buy at 58, mama mia. Ian Woodward calls them "cha-cha-cha" plays (calculated gambles). That is: the base looks like it is forming out and the weak holders got shaken out one last time, but the trend is now seemingly up. And there is a series of higher lows across the bottom of the base to give you some comfort. Sometimes the worst thing that can happen is to succeed on gut instinct and believe that it will always be there for you. Congratulations to your friend. But warn him that this does not always work. One can get blind sided and so must be very nimble if it does not work out. In this case, things look fine at the moment and I am sure he is relieved. Regards, Craig ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] When to sell? Date: 02 May 1997 17:11:37 -0400 Craig Griffin wrote: > > Jay, > > At 07:26 AM 5/2/97 -0600, you wrote: > >>From _How to Make Money in Stocks_, 2nd ed., p101: > > > >"Therefore, I created a rule that I would buy exactly at the pivot > >point, not pyramid more than 5% past the buy point and would sell > >each stock when it was up 20% from the breakout point." > >... > >"In summary, here was the revised profit-and-loss plan: Take 20% > >profits when you have them (except with the most powerful of all > >stocks) and cut losses at 8%" > > Yep. That is what the book says. But in addition, in his seminars and > perhaps elsewhere in is book (not sure), he gives examples that advance 200% > to 1000%. And he tells you that you should continue to hold and buy > subsequent breakouts in the same stocks (adding to positions) as they > continue to "act right". I guess the key is "except for the most powerful > of all stocks". He also has mentioned stocks that he has held for 3 years > (Pic N Save I believe) and which just kept going up 20-30%, forming a new > base, and breaking out, and he just stayed with it. > > Other CANSLIM groups that I have been associated with look for 25-30% profit > in a stock before taking profits. Many recommend selling 1/2 of your > position and keeping the rest unless another "selling pointer" from O'Neil's > book takes you out of it. > > Just some more ideas. > > Regards, > Craig A good example of this is evident looking at microsoft chart (MSFT), it broke out at about 100, ran upto 121 and profit takers came in to push it down today by 1 1/8 to 119-120 when they got their 20% profit, so a lot of people seem to be following that 20% sell rule. It may consolidate here. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] When to sell? Date: 02 May 1997 17:56:46 -0400 (EDT) I'm curious if anyone's eagle eye could browse PRIMUS TELECOM and determine if this stock will be another "Pick 'N Save" grow, grow, grow stock now in the 8 1/2 area? I'm thinking of getting some Primus but would be interested in opinios; and earnings are strong in a strong sector. Opinions on this stock? ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Gazarelli reversal Date: 02 May 1997 22:00:26 -0400 Oh no, not the mouth that roared again! First she likes small caps in a nearly year long big cap mkt, then she likes bonds instead. Is there anything she hasn't liked yet? About the only thing she said that I do agree (uuggghhhhh, wash my mouth out, please!!!) with is that it is dangerous to make historical comparisons to this mkt. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Robert Gammon > To: canslim@xmission.com > Subject: [CANSLIM] Gazarelli reversal > Date: Friday, May 02, 1997 6:50 AM > > Strategist Elaine Garzarelli says the market is > entering a long bullish period > May 2, 1997: 1:45 p.m. ET > But Elaine Garzarelli, market strategist and head of the > New York-based investment firm Garzarelli Investment > Management, says there are many, many opportunities > among small-cap stocks on the Nasdaq -- specifically among > She said investors should definitely get back into small > company aggressive growth funds, even though they've > been clobbered in recent months and the Nasdaq Industrial > Index has dropped 25 percent since May 1996. > "I've been in this business for 25 years, and I've never > seen anything like this before," she said. > > ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 22:40:02 -0400 > It does look like the money has started flowing into small/midcaps. i agree hemant, the last coupla sessions have been very positive > Would it make sense to see sustained breakouts with these initial > picks or would it mae sense to jump in? Hmmm.... you pays your money and...if you think HGS are now back in favor, get that b/o list ready > Mike (Langston) have you started buying on breakouts yet? been outa pocket, so it goes when you have a day job -- just one more reason to use funds for much of your investing -- i will try to take a hard look around this weekend btw, jim horan's weekend ERG list oughta finally start getting longer once again (it has dwindled for several weeks now) -- OTOH, there's the garzarelli jinx factor at play :) mike ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 23:23:09 -0400 My latest "teeth gritting" one is QNTM. Blew away earnings est with a report released yesterday morning, traded heavy all day without a lot of price movement, and I was too busy to even look at it till late last night. Was going to buy calls first thing this am, but got to work late and rushed to take care of my early morning preps, by the time a got a few minutes for personal business was already flying, after opening up only a little. I mentioned comparing its chart to CPQ, I think after today's move the analogy is even better. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Craig Griffin > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Is it time to buy breakouts yet? > Date: Friday, May 02, 1997 3:45 PM > > Deepak, > > Meant to give you some other ideas of good formations that could have been > bought in the last two weeks. I may or may not have bought any or all of > these, but it doesn't matter, they all could have been bought. And ALL of > them were mentioned as a "heads up" by posters on this list in time to buy > them on the DAY of their breakout! And they are all acting ok .. > > MSFT, INVX, CIBR, JBIL (today) > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Is it time to buy breakouts yet? Date: 02 May 1997 23:25:02 -0400 Yeah, but if memory serves me right, MSFT hit another new high before succumbing to some long overdue profit taking. Don't count it out yet, nor discount this still being a large cap mkt. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Is it time to buy breakouts yet? > Date: Friday, May 02, 1997 4:03 PM > > > Thanks for the suggestions. > MSFT and IBM down on a big rally day and all small caps breaking out, > the money > clearly seems to be flowing into small caps. > Also > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Storage stocks Date: 02 May 1997 23:27:45 -0400 Doncha just hate that! tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Johan Van Houtven > To: canslim@mail.xmission.com > Subject: [CANSLIM] Storage stocks > Date: Friday, May 02, 1997 4:06 PM > > Example: WDC up 6 3/8 for the day. > > I'm sitting here besides a man who has loaded up on WDC at +/- 58 a few > days ago. He is laughing his head off. > > Arghh.... ;^) ------------------------------------------------------------------------------- From: Charley Meng Subject: [CANSLIM] interest raes - don't fight the fed Date: 02 May 1997 23:33:43 -0400 All of you know about the effect increasing rates have on the stock market. Period of increasing rates lead to lower equity prices within a few months. Also, there is almost never just one fed rate increase. The thought of more increases in interest rates must make you pause to consider what the market will be like in 4 to 6 months. However, I would like some of you to ponder on this situation. US $ is strong against other currencies, particularly the yen. Japanese economy is in the tank with not much increase in activity. If Japanese rates got any lower, they would have to pay you to borrow there. Large insurers and several banks are near collapse. What happens to currencies if US rates go higher relative to others. Won't the increasing strength of the dollar make it harder for the Japanese to stabalize? Question is, Can Greenspan raise rates to cool of US economy without killing the Japanese? One other thought. I keep hearing that if the Japanese market starts really tanking, the companies and investors witll take their money out of the US market to bring it home and support the home market. Now, does it make sense to you to take money out of a relatively safe and profitable investment (US) to put it into something that is going down the tubes. It looks to me like it would work the other way. Can't get off of the sinking ship fast enough. No one buys a ticket or pays up when the ship is going down. -- Regards Charley Meng Mailto:cmeng@uky.campus.mci.net ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] When to sell?/Dueling WON quotes Date: 02 May 1997 23:49:42 -0400 Now I understand the problem, I have the first edition with only 36 prime selling pointers, and that isn't one of them. On the other hand, on page 103 of the First Edition is the following: "#5. Major advances require time to complete. Don't take profits during the first eight weeks of a move unless the stock gets into serious trouble or is having a two- or three-week "climax" rapid runup on a stock split. Stocks that show a 20% profit in less than eight weeks should be held through the eight weeks unless they are of poor quality without institutional sponsorship or strong group action. In certain cases, dramatic stocks advancing 20% or more in only four or five weeks are the most powerful stocks of all, capable of increases of 100%, 200%, or more. You can try for long-term moves in many of them, once your account shows a good profit and you are ahead for the year." This was the "20%" quote that I had remembered, obviously am showing my age (and cheapness) since I am still using the First Edition. The emphasis I took from this paragraph is that a 20% move quickly should only be sold if there is something artificial (stock split coming up) about it or there are sig neg characteristics about the stock or its group. Otherwise, the preference is to hold it for at least a min of 8 weeks, and longer if possible hoping for it to continue upward. BTW, still have a mint condition First Edition (revised) if anyone wants it. I bot a bunch years ago and gave them away to my CANSLIM trading clients. Made it a lot easier once they understood the "system". tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Jay Cliburn > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] When to sell? > Date: Friday, May 02, 1997 9:26 AM > > > I keep hearing O'Neill blamed (credited??) with a sell rule when > > you are up 20%, but I never heard that till I joined this group, > > nor have I found it in his book, nor was I ever taught that when I > > was getting briefed/trained by his associates. > > From _How to Make Money in Stocks_, 2nd ed., p101: > > "Therefore, I created a rule that I would buy exactly at the pivot > point, not pyramid more than 5% past the buy point and would sell > each stock when it was up 20% from the breakout point." > ... > "[However] if the stock was so strong that it vaulted 20% in less > than eight weeks, the stock had to be held at least eight weeks." > ... > "In summary, here was the revised profit-and-loss plan: Take 20% > profits when you have them (except with the most powerful of all > stocks) and cut losses at 8%" > > Hope this helps. > -- > Jay Cliburn | Space Dynamics Laboratory > Computational Sciences Division | 1747 North Research Park Way > Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 > (801) 755-4317 (voice) | (801) 755-4366 (fax) ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] When to sell? Date: 03 May 1997 00:12:18 -0400 Owen, I looked at the chart in a hurry this AM once I got DG Online working again, couldn't see even a remote CANSLIM to it so didn't even bother printing the chart (symbol PRTL, is this right?..... sorry for the slight delay, just popped off to DG to print the chart so wouldn't have to rely on my aging memory this late at night). Quick review: RS 19 EPS 4 No data block (not in DG book) thus no GRS or Timeliness earnings 1996 were loss of $0.63, est for 97 is a loss of $1.05, going the wrong way latest four qtrs, in reverse chronological order: (.18) vs (.13); (.18) vs (.10); (.13) vs (.10); and (.13) vs (.10) (not a bad poker hand, pair of 18's over a pair of 13's, otherwise also going the wrong way). accum/dist D funds 0% avg daily vol 65,200 price basing around $9 (too low to interest institutionals even if it had liquidity, which it doesn't) you have overhead starting around the high 11 range and going up to close to 14 which is only about six months old and covering the period from its IPO to when it gapped down. you may be able to find value here, and somehow it may even move higher, but this one isn't even remotely a CANSLIM discussable stock. Sorry to waste the group's time with this, but maybe it will help someone besides Warren. I would suggest you go back and read HTMMIS another time or two, I suspect you are putting too much emphasis on looking for a stock with some kind of base, and not looking at all the other parameters and characteristics that also weigh in the review. It's earnings are definitely not strong if we are talking about the same stock, and it's in the telecom arena, which isn't doing badly last time I checked, but is certainly not one of the top groups either. And within its group, no way that it is a leader. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: OWENTIME@delphi.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] When to sell? > Date: Friday, May 02, 1997 5:56 PM > > I'm curious if anyone's eagle eye could browse PRIMUS TELECOM and > determine if this stock will be another "Pick 'N Save" grow, grow, grow > stock now in the 8 1/2 area? I'm thinking of getting some Primus > but would be interested in opinios; and earnings are strong in a strong > sector. > > Opinions on this stock? ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] interest rates - don't fight the fed Date: 03 May 1997 00:33:06 -0400 Thanks Charley, you are hitting on some points I have talked about for months. IMHO, the Feds want a strong dollar right now because it also helps slow growth domestically. This, and rate hikes, are their two "tools of choice" for the moment. The most immediate problem with the Japanese is that their banks are loaded with non-performing real estate loans. The govt has already made it clear it is prepared to bail then out at some indefinite point in the future much like RTC did here. While there have been frequent rumors about Japanese investments pulling out of dollar based positions to invest "back home", it hasn't happened except for their magical once-a-year accounting on March 31, when they are taxed on foreign holdings. Once that passed, and it was apparent that the JA govt was not yet ready to move to intervene in the non-performing loans problem, that money that had been repatriated to Japan started flowing right back to dollar denominated investments. You are correct, it makes no business sense to invest at a 2% return in a weak currency when you can invest in a strong currency at a 5% or so return. And the Japanese are good businessmen, despite their poor economy right now. Should another US rate hike occur, and I am now increasingly doubtful of that, at least for the May meeting, then it certainly would continue to attract foreign investment, including from Japan. But it would not break their economy. They have some strengths for investing that the USA lacks, like no capital gains taxes. Not only is that an incentive to invest, but you get to roll your gains over untouched by the govt tax people into new investments. And worth noting we just went thru a period when historically money would have shifted out of equities into bonds for the improved bond yield with less risk. And it didn't happen. Historically, this starts when yields go over 7%, we went well over that in a time when rates were expected to go even higher, and yet I did not detect any sig shifting of funds. Just one more example of trying to predict this mkt on historical grounds. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Charley Meng > To: canslim@xmission.com > Subject: [CANSLIM] interest raes - don't fight the fed > Date: Friday, May 02, 1997 11:33 PM > > All of you know about the effect increasing rates have on the stock > market. Period of increasing rates lead to lower equity prices within a > > currencies if US rates go higher relative to others. Won't the > increasing strength of the dollar make it harder for the Japanese to > stabalize? > > Question is, Can Greenspan raise rates to cool of US economy without > killing the Japanese? > > One other thought. I keep hearing that if the Japanese market starts > really tanking, the companies and investors witll take their money out > of the US market to bring it home and support the home market. Now, ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] IR-Irrational Exuberance Date: 03 May 1997 00:36:18 -0500 Hi Group, Well, I stated that the very first signs I have ever seen of any IR was during the last couple of days and it was NOT in the DELLS and the likes. However, in the lower tier stocks although you may recognize some of the names now in the lower tiers. Here are some examples of what I call IR - (All of these are under $12) - SEMX up 30% in 5 days, MVSI up 70% in 3 days, XIRC up 30% in 3 days, MCLL up 30% in 3 days, INTS up 25% in 2 days, MEDA up 30% in 2 days, FSCX up 35% in 3 days, SSAX up 30% in 5 days, PASW up 48% in 6 days, GFI up 30% in 3 days, CTU up 30% in 2 days. Here are a few other things I saw tonight when going through TC2000 - kea on the AMEX keeps on it's trip to Pluto, today on 326,000 shares KLAC - b/o on 2 mil shares, KSS a new high on big vol increase, LLTC a new high after fairly long consolidation, TEK a saucer? or ascending triangles?, TYC a new high on 905,400 shares - MOPO - HUGE vol jump today hitting new high, PHG now nearing mars on it's way also to Pluto, Look at SEE & NHL. None of these are on my List of Wall Charts Stocks which did pretty good this past week but these are things that caught my attention tonight as I went through lots of graphs. Use the info if you can. Hope you were IN this week and grabing some of that profit. Next week, the stage is set and we may all get a BIG surprise. The market may NOT correct. These money managers seeing some of their favorites take off may be forced to get back in sending prices even higher. My crystal ball is not telling me exactly what is going to happen, but as long as you are in the right stocks, keep stop loss orders in place, -So far, it seems to be working for me. Have a good week-end James ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] When to sell?/Dueling WON quotes Date: 03 May 1997 09:18:40 -0700 Tom Worley wrote: > > "#5. Major advances require time to complete. Don't take profits > during the first eight weeks of a move unless the stock gets into > serious trouble or is having a two- or three-week "climax" rapid > runup on a stock split. Stocks that show a 20% profit in less than > eight weeks should be held through the eight weeks unless they are > of poor quality without institutional sponsorship or strong group > action. In certain cases, dramatic stocks advancing 20% or more in > only four or five weeks are the most powerful stocks of all, > capable of increases of 100%, 200%, or more. You can try for > long-term moves in many of them, once your account shows a good > profit and you are ahead for the year." > > This was the "20%" quote that I had remembered, obviously am > showing my age (and cheapness) since I am still using the First > Edition. The emphasis I took from this paragraph is that a 20% move > quickly should only be sold if there is something artificial (stock > split coming up) about it or there are sig neg characteristics > about the stock or its group. Otherwise, the preference is to hold > it for at least a min of 8 weeks, and longer if possible hoping for > it to continue upward. So there was no split, the group strength did not decline and there is no trouble in the news and you don't sell in 8 weeks, it is still not clear what one does after 8 weeks if: -the stock is forming another base -goes down 10-50% on profit taking either gradually or rapidly Obviously one would hold if the stock keeps going up monotonically and change stops. The reason why many people find it hard to get multi-baggers is probably because many of the multi-baggers will fall in the above two categoris and many investors be tempted to either sell all or half their postion when above scenario appears thus not realizing either full or any of the potential a multibagegr can provide. To not sell and hold such stocks I guess would have be done by the fundamentals of the company and feel for management/product etc and not based on charts; WON says watch the stock like a hawk (he said at times he had everything poured into just one stock) or the feel for management that Warren Buffet has. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Dueling WON quotes Date: 03 May 1997 09:52:57 -0400 Again from the first edition (revised): From "When to be Patient and Hold a Stock" "#3. Any stock that rises close to 20% should never be allowed to drop back into the loss column. For example, if you buy a stock at $50 and it shoots up to $60 (+ 20%) and you don't take the profit when you have it, there is no intelligent reason to ever let it drop all the way back to $50 or below and create a loss. You may feel embarrassed, ridiculous, and not too bright buying at $50, watch it it hit $60, and then selling at $50 or $51, but you've already made the mistake of not taking your profit. Avoid making a second mistake and letting it develop into a loss." What I took from this, and subsequent training by O'Neill acct execs, and interview reports with WON, is that once you are up 15% from your entry point (which was hopefully selected correctly and according to the rules, otherwise all bets are off), then and only then do you begin to adjust your trailing stop loss higher, still using about an 8% stop loss. Thus, if the stock does just barely hit an up 20% level, then retreats, your stop loss has been adjusted higher and you are taken out with a profit, albeit smaller than you could have had. If the stock never passes the 15% point, you still have a stop loss based on your original entry point, selected in the 8% range and based on where the support lies. If the stock rockets or strolls, but goes to the up 50% or so level, you still have it and keep moving your stop loss up as the stock moves up. If a stock moves up 20%, then falls 50%, you should never still be in it if you follow the rules unless it achieved that fall by gapping down, and then there are no rules that could have prevented that. A stock that has moved up substantially then goes into basing action is behaving in a healthy fashion, allowing the short term holders to take their profits while it sets up another entry point for those that missed the earlier one. Not a reason to sell unless you have a better place for your money or are just trading short term (in which case you are not likely to ever be around for the 200% and 300% stocks anyway). tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] When to sell?/Dueling WON quotes > Date: Saturday, May 03, 1997 12:18 PM > > Tom Worley wrote: > > > "#5. Major advances require time to complete. Don't take profits > > during the first eight weeks of a move unless the stock gets into > > serious trouble or is having a two- or three-week "climax" rapid > > runup on a stock split. Stocks that show a 20% profit in less than > > eight weeks should be held through the eight weeks unless they are > > of poor quality without institutional sponsorship or strong group > > action. In certain cases, dramatic stocks advancing 20% or more in > > only four or five weeks are the most powerful stocks of all, > > capable of increases of 100%, 200%, or more. You can try for > > So there was no split, the group strength did not decline and there is > no trouble > in the news and you don't sell in 8 weeks, it is still not clear what > one does > after 8 weeks if: > > -the stock is forming another base > -goes down 10-50% on profit taking either gradually or rapidly > ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Brokers Being Strong Armed Date: 03 May 1997 10:45:56 -0500 Hi Group, Did anybody see the piece on TV last night about brokers at some of the smaller houses being strong armed to push worthless stocks? It was something like 20-20 but I did not catch all of it. It stated that "people" were coming into the houses and getting the broker/brokers to push a certain stock. Push the price up and then "they" cash out taking all the profit. Said many of the companies have NO sales. Told of where one broker SOLD some of the stock he was suppossed to be pushing and later received a visit from one of the men and was knocked to the floor. Piece said there was a lot of money being made/lost in this matter and most of it was on the NASDAQ. Interviewed people who had been solicited, they told their stories about how much they had invested and subsequently lost. One man said he called his broker to sell, connection was broken, and although he tried to get back in touch with him all day never could. The following day was told that broker no longer worked there. The piece just makes CANSLIM even a more viable method. Earnings/sales/profits are important! Still can't get over how "somebody" could buy bio-techs with no earnings and by ANY stretch of the imagination say they were practicing CANSLIM and particularly buying those stocks into a fund that is supposed TO BE CANSLIM. That is one that you will never be able to justify IMHO. Well just wondered if anybody had some of the "inside" information about the TV show. James ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] interest raes - don't fight the fed Date: 03 May 1997 01:16:09 -0400 (EDT) RE: Future Fed. Plans: I thought it was always the first Fed. hike that could do the most damage to stocks. I thought the second increase was often expected; and seeing the first was "built into the market" through "irrational exhuberance" speeches, I'm curious why the increase would be seen as serious problem. As far as the lower equity prices; I thought everyone expected the "R" word to be completely spelled out in '98 but have no idea if the Fed. would actively boost rates to "dump" the market and bring on the bondsters beginning in '98. Also, why wouldn't this correlate with revving up the M.I.C. machinery about this time to garner some hegemony in the hardware department now that the much welcomed balanced budget provides enough of an anti-inflation flooring to ake '98 year of dower financial directions that could transition back to a very robust bull market by year's end? If this apparatus isn't cycled properly in recessionary times, it becomes like a rusty lawnmower that sits too long and won't start. I think it is market timing in that regard that will gore the bull, but bring it back to life. As a complete novice to reading the market, my guess is that despite the spikes and the 40% correction in the NASDAQ; this could be the year for buying beaten stocks despite overhead supply. Could anyone guess if July will be similarly corrective like last year? ------------------------------------------------------------------------------- From: "Mike Artobello" Subject: Re: [CANSLIM] When to sell?/Dueling WON quotes Date: 03 May 1997 08:51:30 -0800 Tom Worley wrote: > Now I understand the problem, I have the first edition with only 36 > prime selling pointers, and that isn't one of them. On the other > hand, on page 103 of the First Edition is the following: > Tom, I have the first edition revised, also in mint condition :-) The 20% rule is discussed on page 97 "A Revised Profit-and-Loss Plan. There is a bold quote at the bottom of the page that reads: "Take 20% profits when you have them (except with the most powerful of all stocks) and cut losses at 8%. Regards, Mike Mike Artobello marto@ccnet.com http://www.ccnet.com/~marto/ ------------------------------------------------------------------------------- From: derek b Subject: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 12:12:03 -0400 Not sure how long it's been there, but DailyGraphs Online now has a save to Excel or Lotus123 spreadsheet command. Under Reports: top 100 Earnings short interest NYSE, NAZ top industry groups etc. Very nice work DailyGraphs, hope that a save to spreadsheet command for some of the data in the graphs can also be implemented. Derek ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Brokers Being Strong Armed Date: 03 May 1997 13:01:23 -0400 (EDT) In the informattion age; disinformation is equally more powerful. Remember too, that Mayor Giulliani ran the mob out of the Fulton Fish market, so they set up shop next door on Wall street, where they could be politically correct in being out of sight, out of his Italian American hair and they could do their thing. Same old, same old; in that it is no different than some dictator who lives in an oil rich country ravaged by war , needs money, so he re-fuels his tanks and drives up to the U.N. "Neutral zone" to make headlines and jerk the chain of oil futures which he has previously bought into. I suppose it may be interesting when Wall Street no longer needs NYC and NYC no longer is aware of what it needs (more aggressive demands that are stupid; so endemic to New Yorkers) and who knows where Wall Street will move? Jersey City has NASDAQ and Wall Street could be carved up by conglommerate brokerage houses (and you thought financials tanked! Tee Heee!) As Bill Gates was rumored to say once; the center cannot hold, and we see it in this highly profitable lean new corp. structure ttoday. When I think of stock manipulation I think of those dumb jerks that fried the stock market in '29 (Mehan, Mitchell, Durant, and too many others to recall right now.) If you ever watch news footage of them on the steps of Wall Street, you'll notice all kinds of classic Masonic hand shakes that may well correllate with the damage they ultimately inflicted on themselves and the entire country. It is interesting that the largest Masonic lodges along the banks of the Hudson River where these turkeys had their homes had identical China, kitchen, hand woven carpets and marble from the same quaries. I don't think Cornelius Vanderbuilt could have place his railroad tracks along the banks of the mighty Hudson without more than a few secret handshakes. Anyone ever hear of the term "being railroaded?" Remember the free-market enterprise is at an all time high in this country now; very vital and robust. Keep in mind that as the government falls behind in formulating a series of badly needed "Nafta-esque" trade aggreements with South America and the Orient and Europe, you will see increased corruption in the governement and in the factors that control capitalism. Wall Wall Street seems very clean today, compared to the past and the future as I see it (as a novice.) Warren ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] Storage stocks Date: 03 May 1997 11:45:10 +0200 You bet! ;^) And it is even worse... He did it twice in a row! Bought more and more as it went lower and lower and then sold near the top of the first WDC counter-trend ralley (to approx mid - high sixties if I remember right). And then again last week. And we are talking several thousand shares. So during this correction, he made enough money to buy two very nice sports cars. Imagine me being 100% in cash and telling him that I was determined to stay in cash until the 'M' in CANSLIM was looking OK again. The chances of making money in this market where stacked against us, I said. >Doncha just hate that! > >tom w Well, it shows that there are different ways to make money in the market. A few months ago he did approx the same thing with MSFT and INTC, buying every dip and selling at every new high (just when I would consider buying). Sorta 'several-days-trading'. Enough! Back to CANSLIM now. I do not think this recent ralley is a 'normal' counter-trend ralley in a bear market. I do think we could go higher in the comming days, weeks because of two main reasons: 32 % of advisors are bullish. And as this is a contrarian indicator and has been trending down the last few weeks it means: bullish! (Bullish when near 35% or lower) And because the Mutual Funds money inflow for March was the lowest since July 1996. Now that things are looking good again, people will be putting there money back in funds again (my guess) and the fund managers will have more and more money to spend (for a while). Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: rkhenry@naxs.com (Robert Henry) Subject: RE: [CANSLIM] Is it time to buy breakouts yet? Date: 03 May 1997 13:57:49 -0400 Ok, could someone take a look at Manugistics' (MANU) chart? Help me learn here, is that a double-bottom? -- Bob Henry ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] MANU - Manugistics Date: 03 May 1997 15:27:28 -0400 Bob, It is sort of a weird chart. Seemingly wide and loose right about the time it breaks the 200 dma, just when it "should" be tightening up. Thenen it sort of forms a handle which is "too low in the right side of the cup", which should be a weak formations. Then it breaks out of there on high volume with great strength. I vote yes on the "W" formation or "double bottom". In fact it is sort of a double bottom within a double bottom. The left side of the big "W" started forming around 10/15/96. The left side started around 1/29/97. The right side of the big "w" is a small "W" itself with the separator on 3/12/97. Somewhat less common than the other base formations. On the chart, you can draw a line at 47 and see that about 95% of the workin the base was done below that point. You can also draw a line at 44 1/2 and about 90% of the work in the base was done below that point. Therefore you could have made an initial purchase on 4/24 or 4/28. On each of those days much of the overhead resistance was broken. This is a strangely beautiful chart. She hides all of her charms very cleverly. This is what I was referring to a while back about a chart not being "too obvious". JBIL is a little bit in that same category. Although the daily charts for both look good, both charts reveal their charms much better in a weekly chart. On MANU, it becomes suddenly clear to me to treat any close above 47 1/2 as a breakout. It also becomes very clear that the chart is under strong accumulation. With a charting package such as Quotes Plus that allows one to show volume on up weeks in green and down weeks in read, one sees that there are numerous high volume upweeks in green in three distinct splotches across the base, with lots of very low volume down weeks in between. Not only that, but the volume is steady ascending week to week for the three weeks in the "handle" leading to the breakout. This is the reverse of the normal drying up of volume in a handle, but as I said this is a strange one and really not normal as a handle. Each week in the handle, the Friday close is higher than the prior Friday. Summary, the volume is screaming "accumulation" when seen weekly. The pivot point is 47 1/2 or so. Secondary "pivot" is at old high when it passed 53 or so. You could have bought twice, once when it broke 47 1/2 and again when it broke 53 (adding to position with smaller number of shares than initial purchase). Without looking at a weekly chart I would have been tenative about buying it. Strangely enough it could still be within range, just barely at 56 (105% x 53). But it has come so far, so fast, the risk is a bit high, since it is already 20% past its initial pivot at 47 1/2. To enter I would look for orderly pullbacks to 50-51 on lower volume (which quite possibly will not happen). Weirdly it never gave a clear day to buy it ala JBIL on Friday, unless one counts 4/28/97 as it pushed past 47 /12. JBIL has a weird cup with handle formation with a 21% range in the handle (based on a big shakeout early in the handle formation). The handle looks like a secondary flat base in and of itself. Like our pal INVX, the handle seems too wide and loose, yet both are working well. Possibly the weak NASDAQ and weak tech sector in particular has corrupted the handles on these stocks. Once again the patter is prettier when looked at on a weekly chart. I sure like the ability of a charting package like TC2000 or QP to allow one to switch back and forth between weekly and daily charts. Wish DG Online allowed that. Regards, Craig PS. As always, contrary opinions and/or better illumination helpful. Does anybody have any MACD, Stochastics, Bollinger Band, etc. input on these charts? ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 15:32:15 -0400 Derek, I tried to DL (download) to Excel format and could not get it to work. I got an error message of "Filename is not valid" (although it does not show the filename it is talking about). I wonder if it is because the directories I have DG and Excel in are subdirectories and not off of the root directory. Or is it because I have an old release of Excel. Or is the function not working? I sent the DG folks an error report on Friday. Too soon to hear back. Has anyone else had this experience? Or has anyone DL'd successfully to Excel? Regards, Craig At 12:12 PM 5/3/97 -0400, you wrote: >Not sure how long it's been there, but DailyGraphs Online now has a save >to Excel or Lotus123 spreadsheet command. > >Under Reports: >top 100 Earnings >short interest NYSE, NAZ >top industry groups >etc. > >Very nice work DailyGraphs, hope that a save to spreadsheet command for >some of the data in the graphs can also be implemented. > >Derek > > ------------------------------------------------------------------------------- From: "James B. Andrews" Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 13:01:31 -0700 I had problems with it also and I sent several messages to them... I almost didn't respond to your post but thought I should at least warn you,,, they have their way of doing "things" and you must do >>EXACTLY<< the way they want it done... It is awkward to work with,,, Good luck trying to get them to change anything to make it easier to use... I have been trying since 1992 to get them to add a field or to several reports in the paper version, there is space to do it,,, but I have gotten nowhere.... I could go on but, nuf said... Jim In Phoenix At 03:32 PM 5/3/97 -0400, you wrote: >Derek, > >I tried to DL (download) to Excel format and could not get it to work. I >got an error message of "Filename is not valid" (although it does not show >the filename it is talking about). I wonder if it is because the >directories I have DG and Excel in are subdirectories and not off of the >root directory. Or is it because I have an old release of Excel. Or is the >function not working? I sent the DG folks an error report on Friday. Too >soon to hear back. > >Has anyone else had this experience? Or has anyone DL'd successfully to Excel? > >Regards, >Craig > >At 12:12 PM 5/3/97 -0400, you wrote: >>Not sure how long it's been there, but DailyGraphs Online now has a save >>to Excel or Lotus123 spreadsheet command. >> >>Under Reports: >>top 100 Earnings >>short interest NYSE, NAZ >>top industry groups >>etc. >> >>Very nice work DailyGraphs, hope that a save to spreadsheet command for >>some of the data in the graphs can also be implemented. >> >>Derek >> >> > > > > ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 17:33:37 -0400 This is what I get whenever I try to register: Is it bad luck or what? ************************************************************* DAILYGRAPHS INC. Your request could not be processed for one of the following reasons: 1.The password was not correct. You can contact us to obtain the password. 2. Your usercode has expired Please register for a new usercode Inquiries should be addressed to accounting@dailygraphs.com Thank you for choosing DailyGraphs. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Although we do show a price against your order we will not bill you at this point since we are currently in Beta testing. This is being done to ensure the quality you require in the product. We expect to be open for business by July 1997. * We value your interest and will inform you as soon as we are ready. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% James B. Andrews wrote: > > I had problems with it also and I sent several messages to them... > > I almost didn't respond to your post but thought I should at least warn > you,,, they have their way of doing "things" and you must do >>EXACTLY<< > the way they want it done... It is awkward to work with,,, Good luck trying > to get them to change anything to make it easier to use... I have been > trying since 1992 to get them to add a field or to several reports in the > paper version, there is space to do it,,, but I have gotten nowhere.... I > could go on but, nuf said... > > Jim In Phoenix > > At 03:32 PM 5/3/97 -0400, you wrote: > >Derek, > > > >I tried to DL (download) to Excel format and could not get it to work. I > >got an error message of "Filename is not valid" (although it does not show > >the filename it is talking about). I wonder if it is because the > >directories I have DG and Excel in are subdirectories and not off of the > >root directory. Or is it because I have an old release of Excel. Or is the > >function not working? I sent the DG folks an error report on Friday. Too > >soon to hear back. > > > >Has anyone else had this experience? Or has anyone DL'd successfully to > Excel? > > > >Regards, > >Craig > > > >At 12:12 PM 5/3/97 -0400, you wrote: > >>Not sure how long it's been there, but DailyGraphs Online now has a save > >>to Excel or Lotus123 spreadsheet command. > >> > >>Under Reports: > >>top 100 Earnings > >>short interest NYSE, NAZ > >>top industry groups > >>etc. > >> > >>Very nice work DailyGraphs, hope that a save to spreadsheet command for > >>some of the data in the graphs can also be implemented. > >> > >>Derek > >> > >> > > > > > > > > ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 16:53:26 -0500 I too can NOT use their service. I have a user ID# and when I try to sign on it continues to tell me that my password is incorrect. I have e-mailed them three times, the last time was the last, and also have a 800# to call which you have to either leave a digital or voice message. I have left both three times, the third being the last. I certainly understand. It MIGHT be a great thing, but for me, it appears I will never find out. Just don't have the time to "mess with such a mess" any more. Good luck on getting through and "maybe" getting their attention. It does not appear that they care too much about yours or anybody else's opinion for that matter. Get off on the wrong foot with IBD and the same can happen. Also, IBD does not pay too much attention to their CUSTOMERS requests at times. Sorta similar situation. Won't go into detail but they react very close to the same. Once again, good luck. James ---------- > From: Surindra J. Singh > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet > Date: Saturday, May 03, 1997 4:33 PM > > This is what I get whenever I try to register: > Is it bad luck or what? > ************************************************************* > DAILYGRAPHS INC. > Your request could not be processed for one > of the following reasons: > 1.The password was not correct. > You can contact us to obtain the password. > 2. Your usercode has expired > Please register for a new usercode > Inquiries should be addressed to accounting@dailygraphs.com > Thank you for choosing DailyGraphs. > %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% > Although we do show a price against your order we will not bill you at > this point since we are currently in Beta testing. This is being done > to ensure the quality you require in the product. We expect to be open > for business by July 1997. > * > We value your interest and will inform you as soon as we are ready. > %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% > > James B. Andrews wrote: > > > > I had problems with it also and I sent several messages to them... > > > > I almost didn't respond to your post but thought I should at least warn > > you,,, they have their way of doing "things" and you must do >>EXACTLY<< > > the way they want it done... It is awkward to work with,,, Good luck trying > > to get them to change anything to make it easier to use... I have been > > trying since 1992 to get them to add a field or to several reports in the > > paper version, there is space to do it,,, but I have gotten nowhere.... I > > could go on but, nuf said... > > > > Jim In Phoenix > > > > At 03:32 PM 5/3/97 -0400, you wrote: > > >Derek, > > > > > >I tried to DL (download) to Excel format and could not get it to work. I > > >got an error message of "Filename is not valid" (although it does not show > > >the filename it is talking about). I wonder if it is because the > > >directories I have DG and Excel in are subdirectories and not off of the > > >root directory. Or is it because I have an old release of Excel. Or is the > > >function not working? I sent the DG folks an error report on Friday. Too > > >soon to hear back. > > > > > >Has anyone else had this experience? Or has anyone DL'd successfully to > > Excel? > > > > > >Regards, > > >Craig > > > > > >At 12:12 PM 5/3/97 -0400, you wrote: > > >>Not sure how long it's been there, but DailyGraphs Online now has a save > > >>to Excel or Lotus123 spreadsheet command. > > >> > > >>Under Reports: > > >>top 100 Earnings > > >>short interest NYSE, NAZ > > >>top industry groups > > >>etc. > > >> > > >>Very nice work DailyGraphs, hope that a save to spreadsheet command for > > >>some of the data in the graphs can also be implemented. > > >> > > >>Derek > > >> > > >> > > > > > > > > > > > > > ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 18:52:27 -0700 Brenda wrote: > > I too can NOT use their service. I have a user ID# and when I try to sign > on it continues to tell me that my password is incorrect. I have e-mailed > them three times, the last time was the last, and also have a 800# to call > which you have to either leave a digital or voice message. I have left both > three times, the third being the last. I certainly understand. It MIGHT be > a great thing, but for me, it appears I will never find out. Just don't > have the time to "mess with such a mess" any more. Good luck on getting > through and "maybe" getting their attention. It does not appear that they > care too much about yours or anybody else's opinion for that matter. Get > off on the wrong foot with IBD and the same can happen. Also, IBD does not > pay too much attention to their CUSTOMERS requests at times. Sorta similar > situation. Won't go into detail but they react very close to the same. Once > again, good luck. > James > So let us see, who does DG online not want to use their service: -All those using UNIX and other OSes that are non NT/win95 -All those who try to access using a client from behind a firewall (I could not register because there is no way to set a proxy to the reg/DG software so I get connection timed out, I have suggested them to use netscape/other-brow capabilities like Pointcast to access it since proxies/security can be specified there). I would imagine most institutions will have firewalls around so access will not be possible. That would cut a lot of potential customers out. I will watch if they do anything about behind-the-firewall access and I am not holding my breath. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 19:21:48 -0400 Well, hold on here, for at least just a cow pickin' moment. Has everyone forgotten they are in Beta testing still, and we aren't even paying for what will be a costly service? Don't expect to wag the tail when we aren't even paying yet. Technically we probably aren't even "customers" at this time. Now, to be constructive, how recently have you downloaded the software? They are making changes to it frequently and don't publish a notice on new versions (altho when you click to download it does show you the date of the version you will get if you continue, one improvement requested numerous times and now implemented, so see, they do listen!). Depending on the version you have, the latest version, which was put up May 1 I believe, may be needed. My last upgrade took less than ten minutes to do, so would suggest trying this first. I just went in to verify that my access still works, and other than mistyping my password the first time, I had no problem so the system is working as of 7:25PM east coast time. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet > Date: Saturday, May 03, 1997 5:53 PM > > I too can NOT use their service. I have a user ID# and when I try to sign > on it continues to tell me that my password is incorrect. I have e-mailed > them three times, the last time was the last, and also have a 800# to call > which you have to either leave a digital or voice message. I have left both > three times, the third being the last. I certainly understand. It MIGHT be > a great thing, but for me, it appears I will never find out. Just don't > have the time to "mess with such a mess" any more. Good luck on getting > through and "maybe" getting their attention. It does not appear that they > care too much about yours or anybody else's opinion for that matter. Get > off on the wrong foot with IBD and the same can happen. Also, IBD does not > pay too much attention to their CUSTOMERS requests at times. Sorta similar ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Brokers Being Strong Armed Date: 03 May 1997 19:49:56 -0400 Didn't catch the show but am sure it wouldn't have told me anything I didn't already know. Course, they left out the part about where this same practice goes on at the major wirehouses as well, only difference is they have clout, do other stocks as well, and get away with most anything they wish. The SEC has been getting very aggressive in investigating and punishing a parallel type of behavior in which the company, or its PR unit, rewards a broker for putting his clients into their stock. In the past six months two different investigations involving about a dozen different companies was completed with a considerable nr of brokers barred for life from the business, numerous BDs heavily fined and several suspended indefinitely, and with criminal charges being pursued by the SEC against present/former CEOs, PR persons, etc at the related cos. Major wirehouses have long bribed their brokers to only do "house" products. Example, the payout to the broker (split between the house and the broker) on a commission generated on a mutual fund ticket is greater if he buys a house fund rather than Aim or Nuveen or Putnam, etc. No coincidence, house funds have historically been in the bottom quarter of funds performance, no matter their investment objective. So why would a broker buy them? Guess! Another example: when a broker buys a stock at a big wirehouse, and that wirehouse makes a market in that stock, he will often do the trade as a "principal" vs "agency". The difference is that the principal trade includes the "concession" the broker generated, whereas the agency trade shows the amount of "commission" (different words that both mean the same ultimately, the cost of the trade, and the income generated from the trade for the house and the broker). On stocks with sizable spreads, the broker can often make more on a principal trade than he could legally charge if he had done it agency. Client doesn't see what price the broker bot the stock at for resale to the client, so never knows what he was really charged. And on principal trades, the broker can mark up the price charged as much as 5% over the offer (if buying) or 5% below the bid (if selling) and generally get away with it. If all this is confusing, let me try an example: wirehouse Myrtle Beach is recommending and making a mkt in Seashores Resorts (SAND) currently trading at 26.5 bid, 27 offered. Some lowlife out there has the audacity to throw 5000 shares of SAND against the wall, and Myrtle Beach happens to be the current high bid and ends up with the stock at 26.5. Their trader calls retail and says, I've got 5000 SAND from 26 9/16 (giving the firm an immediate 1/16 profit on the trade). Retail brokers look at their computers and realize that the offer is 27 and they can make 7/16 (.4375 per share) without even marking it up over the offer, usual commission agency way might have been only .25 or .375. Rapidly phone calls are made, "Mr Client, think we should grab 500 SAND, I can get it for you at 27 net, and that's the offer!". Rather quickly, the 5000 shares are disposed of and the brokers have had another good day. This scenario is not necessarily bad for the client, but the problem with it is that the broker made a recommendation based on his personal reward, not the benefit to the client. He may even think SAND is good, I live in Miami so got sand in my toes all the time, however if someone is selling it doesn't translate into a reason to be buying. Yet this practice goes on every day at every major firm, and will continue so long as this industry is commission based instead of salary and asset management bonus based. This is why I now work for a firm that doesn't make markets, doesn't have house stocks, and does use CANSLIM. It's not a perfect world, but it's better. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Brokers Being Strong Armed > Date: Saturday, May 03, 1997 11:45 AM > > Hi Group, > Did anybody see the piece on TV last night about brokers at some of > the smaller houses being strong armed to push worthless stocks? It was > something like 20-20 but I did not catch all of it. It stated that "people" > were coming into the houses and getting the broker/brokers to push a > certain stock. Push the price up and then "they" cash out taking all the > profit. Said many of the companies have NO sales. Told of where one broker > SOLD some of the stock he was suppossed to be pushing and later received a > visit from one of the men and was knocked to the floor. Piece said there > was a lot of money being made/lost in this matter and most of it was on the > NASDAQ. Interviewed people who had been solicited, they told their stories > about how much they had invested and subsequently lost. One man said he > called his broker to sell, connection was broken, and although he tried to > get back in touch with him all day never could. The following day was told > that broker no longer worked there. ------------------------------------------------------------------------------- From: "Patrick Toy" Subject: [CANSLIM] JPMX and MUEI Date: 03 May 1997 20:11:04 -0400 JPMX RS 99, EPS 99, GRS 62, A/D A, Timeliness A, closed Friday at $21.50 stock had formed something of a cup and handle (I think) - handle formed slightly below $20. avg daily vol is 29,100, Friday it did 194,800. Last week you had three days of low vol and two were sharply up. Earnings are excellent, Q1 (up 440%). Debt is 17% and Funds are 33%. #1 in its group on both RS and EPS Shares issued 5.7 mil, float is 2.0 mil Co is a manufacturer of cable assemblies and wire harnesses for OEMS in the computer and telecommunications sectors next earnings due July 26 MUEI RS 95, EPS 98, GRS 90, A/D A, Timeliness B, closed Friday at $23.125 avg daily vol is 1,233,400, Friday it did 1,830,000. Last week you had three days of vol around 800,000 followed by two days of vol in the 1.7 mil range. Earnings are excellent, Q1 (up 173%). Debt is 8% and Funds are 16%. #1 in its group for EPS. Only two stocks in the group have a higher RS (DELL - 99, Stratus Cmptr - 97). Other companies in the group include Compaq, Gateway2000, and DataGeneral. Shares issued 95.4 mil, float is 19.0 mil Co is a manufacturer of electronic products for computing and digital applications next earnings due June 14 Not sure about the chart. Both seem to be good CANSLIM candidates...comments anyone?? ------------------------------------------------------------------------------- From: "Patrick Toy" Subject: [CANSLIM] JPMX and MUEI Date: 03 May 1997 20:11:04 -0400 JPMX RS 99, EPS 99, GRS 62, A/D A, Timeliness A, closed Friday at $21.50 stock had formed something of a cup and handle (I think) - handle formed slightly below $20. avg daily vol is 29,100, Friday it did 194,800. Last week you had three days of low vol and two were sharply up. Earnings are excellent, Q1 (up 440%). Debt is 17% and Funds are 33%. #1 in its group on both RS and EPS Shares issued 5.7 mil, float is 2.0 mil Co is a manufacturer of cable assemblies and wire harnesses for OEMS in the computer and telecommunications sectors next earnings due July 26 MUEI RS 95, EPS 98, GRS 90, A/D A, Timeliness B, closed Friday at $23.125 avg daily vol is 1,233,400, Friday it did 1,830,000. Last week you had three days of vol around 800,000 followed by two days of vol in the 1.7 mil range. Earnings are excellent, Q1 (up 173%). Debt is 8% and Funds are 16%. #1 in its group for EPS. Only two stocks in the group have a higher RS (DELL - 99, Stratus Cmptr - 97). Other companies in the group include Compaq, Gateway2000, and DataGeneral. Shares issued 95.4 mil, float is 19.0 mil Co is a manufacturer of electronic products for computing and digital applications next earnings due June 14 Not sure about the chart. Both seem to be good CANSLIM candidates...comments anyone?? ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Brokers Being Strong Armed Date: 03 May 1997 19:25:59 -0500 Thanks Tom, One of the LARGER broker houses, full service, keeps a record of what percentage of stocks the broker's clients own that are "in house" stocks. If it drops below a certain percentage he was SEVEN days to rectify the sitation or is fired on the spot. They call it something different than fired but amouts to the same thing. The second time it happens that have THREE days and the third time it happens it's strike three, your out. If they are anywhere close to that percentage and you call them wanting to purchase a fairly large amount of a certain stock that does not fall into a "house stock-make the market themselves" category, it's no wonder they are not interested in making the trade for you. If they do, they've got to work their rear ends off trying "to cover" the purchase by calling their "good clients" with some GREAT deal, that is by no way great. And yet, nobody thinks this really happens. It's a sad affair. Thanks for you info Tom. Wish the whole world was AWARE of what is going on and it just might be, at least, cut down on some. ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Brokers Being Strong Armed > Date: Saturday, May 03, 1997 6:49 PM > > Didn't catch the show but am sure it wouldn't have told me anything > I didn't already know. Course, they left out the part about where > this same practice goes on at the major wirehouses as well, only > difference is they have clout, do other stocks as well, and get > away with most anything they wish. > The SEC has been getting very aggressive in investigating and > punishing a parallel type of behavior in which the company, or its > PR unit, rewards a broker for putting his clients into their stock. > In the past six months two different investigations involving about > a dozen different companies was completed with a considerable nr of > brokers barred for life from the business, numerous BDs heavily > fined and several suspended indefinitely, and with criminal charges > being pursued by the SEC against present/former CEOs, PR persons, > etc at the related cos. > Major wirehouses have long bribed their brokers to only do "house" > products. Example, the payout to the broker (split between the > house and the broker) on a commission generated on a mutual fund > ticket is greater if he buys a house fund rather than Aim or Nuveen > or Putnam, etc. No coincidence, house funds have historically been > in the bottom quarter of funds performance, no matter their > investment objective. So why would a broker buy them? Guess! > Another example: when a broker buys a stock at a big wirehouse, and > that wirehouse makes a market in that stock, he will often do the > trade as a "principal" vs "agency". The difference is that the > principal trade includes the "concession" the broker generated, > whereas the agency trade shows the amount of "commission" > (different words that both mean the same ultimately, the cost of > the trade, and the income generated from the trade for the house > and the broker). On stocks with sizable spreads, the broker can > often make more on a principal trade than he could legally charge > if he had done it agency. Client doesn't see what price the broker > bot the stock at for resale to the client, so never knows what he > was really charged. And on principal trades, the broker can mark up > the price charged as much as 5% over the offer (if buying) or 5% > below the bid (if selling) and generally get away with it. If all > this is confusing, let me try an example: wirehouse Myrtle Beach is > recommending and making a mkt in Seashores Resorts (SAND) currently > trading at 26.5 bid, 27 offered. Some lowlife out there has the > audacity to throw 5000 shares of SAND against the wall, and Myrtle > Beach happens to be the current high bid and ends up with the stock > at 26.5. Their trader calls retail and says, I've got 5000 SAND > from 26 9/16 (giving the firm an immediate 1/16 profit on the > trade). Retail brokers look at their computers and realize that the > offer is 27 and they can make 7/16 (.4375 per share) without even > marking it up over the offer, usual commission agency way might > have been only .25 or .375. Rapidly phone calls are made, "Mr > Client, think we should grab 500 SAND, I can get it for you at 27 > net, and that's the offer!". Rather quickly, the 5000 shares are > disposed of and the brokers have had another good day. > This scenario is not necessarily bad for the client, but the > problem with it is that the broker made a recommendation based on > his personal reward, not the benefit to the client. He may even > think SAND is good, I live in Miami so got sand in my toes all the > time, however if someone is selling it doesn't translate into a > reason to be buying. Yet this practice goes on every day at every > major firm, and will continue so long as this industry is > commission based instead of salary and asset management bonus > based. > This is why I now work for a firm that doesn't make markets, > doesn't have house stocks, and does use CANSLIM. It's not a perfect > world, but it's better. > > tom w > > > > ---------- > > From: Brenda > > To: canslim > > Subject: [CANSLIM] Brokers Being Strong Armed > > Date: Saturday, May 03, 1997 11:45 AM > > > > Hi Group, > > Did anybody see the piece on TV last night about brokers at > some of > > the smaller houses being strong armed to push worthless stocks? > It was > ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] JPMX and MUEI Date: 03 May 1997 19:42:49 -0500 Comments? Well, here goes. Most are aware that I DO use CANSLIM criteria but also add my own personal twist here and there. I look at a stock and imagine an 80 year old owning this stock, it is his only holding, and whether he eats and pays his rent depends on the value of this stock. I grade the stocks graph both long term (1 year) and short term (last 30 days ONLY) and the less the volatility and the more this 80 year old could sleep at night the higher the grade. If the stock would absolutely send him to the hospital with a major coronary the lower the grade. (99 is the highest and 5 is about the lowest I have ever given). JPMX- Long term grade 35, within the last six months there is a point where you could have lost 40% owning this stock with buy and hold. Short term grade 88. A stock must have a grade 70 is in bold red on all my charts and a SEVERE warning sign that surely there must be something better. Did notice the volume for the last TWO days was about the same and a big increase over previous. I would not expect the stock to BLOW through the overhead resistance it is about to encounter but have been wrong on many occasions and probably will be again. MUEI - Long term grade 55 (During last six months there is a place that you cuold have lost 56% and this was a FAST drop. Over about two days. Hope somebody wasn't on vacation that owned this one. Short term grade 15. Five is the lowest grade I have ever given to anything. Well, you asked. There it is. Thanks for the input and I do look up every stock that is mentioned. Have a good day. ---------- > From: Patrick Toy > To: canslim@mail.xmission.com > Subject: [CANSLIM] JPMX and MUEI > Date: Saturday, May 03, 1997 7:11 PM > > JPMX > > RS 99, EPS 99, GRS 62, A/D A, Timeliness A, closed Friday at $21.50 > stock had formed something of a cup and handle (I think) - handle formed > slightly below $20. > avg daily vol is 29,100, Friday it did 194,800. Last week you had > three days of low vol and two were sharply up. Earnings are excellent, Q1 > (up 440%). Debt is 17% and Funds are 33%. > > #1 in its group on both RS and EPS > Shares issued 5.7 mil, float is 2.0 mil > Co is a manufacturer of cable assemblies and wire harnesses for OEMS in the > computer and telecommunications sectors > next earnings due July 26 > > > MUEI > > RS 95, EPS 98, GRS 90, A/D A, Timeliness B, closed Friday at $23.125 > avg daily vol is 1,233,400, Friday it did 1,830,000. Last week you had > three days of vol around 800,000 followed by two days of vol in the 1.7 mil > range. Earnings are excellent, Q1 (up 173%). Debt is 8% and Funds are > 16%. > > #1 in its group for EPS. Only two stocks in the group have a higher RS > (DELL - 99, Stratus Cmptr - 97). Other companies in the group include > Compaq, Gateway2000, and DataGeneral. > Shares issued 95.4 mil, float is 19.0 mil > Co is a manufacturer of electronic products for computing and digital > applications > next earnings due June 14 > Not sure about the chart. > > Both seem to be good CANSLIM candidates...comments anyone?? > ------------------------------------------------------------------------------- From: Joseph Vaughn-Perling Subject: RE: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 17:56:11 -0700 I access it through a several firewalls all the time and it can be proxied too. I'd be willing to wager that everyone who accesses it is going through at least one firewall (theirs) As for not being able to use it on a UNIX or OS/2 or Macintosh host? *ahem* Any institution that is willing to spend the US$30K+ for a firewall should at least spent 1/10th of that teaching someone how to use it and set it up. The version of DG online they are providing for free (and programming isn't cheap) is Beta. Its a first version thrown together to test the market. My guess is that they may go after the 50% or so non Win32 folk sometime after they've started to recoup what they've spent so far. Around that time they will probably try to take advantage of Digital's fantastic "Millicent" program and charge per graph instead of per year. In my work doing web hosting, programming, and internet sales and service there is one rule that invariably holds true: The less someone pays for something the more time they spend complaining about it. I don't know if that's because of the type people that are attracted to inexpensive services or if it is because of the quality of inexpensive services or both. I LIKE DG online, and since its free (for now) it was worth the 3 or so hours to put a 2nd drive in one of my machines and format it with Win95. It certainly would have taken me longer than that to get this quality of data, daily, for free. Its simple to use, fast, and has an astounding amount of features for a Version 0.9 release. Now, if only the IBD web site could stay online. (and even that has improved recently too) The customer is not always right, but the market is. On Saturday, May 03, 1997 6:52 PM, Hemant Rotithor [SMTP:rotithor@zko.dec.com] wrote: > Brenda wrote: > > > > I too can NOT use their service. I have a user ID# and when I try to sign > > on it continues to tell me that my password is incorrect. I have e-mailed > > them three times, the last time was the last, and also have a 800# to call > > which you have to either leave a digital or voice message. I have left both > > three times, the third being the last. I certainly understand. It MIGHT be > > a great thing, but for me, it appears I will never find out. Just don't > > have the time to "mess with such a mess" any more. Good luck on getting > > through and "maybe" getting their attention. It does not appear that they > > care too much about yours or anybody else's opinion for that matter. Get > > off on the wrong foot with IBD and the same can happen. Also, IBD does not > > pay too much attention to their CUSTOMERS requests at times. Sorta similar > > situation. Won't go into detail but they react very close to the same. Once > > again, good luck. > > James > > > > So let us see, who does DG online not want to use their service: > > -All those using UNIX and other OSes that are non NT/win95 > -All those who try to access using a client from behind a firewall > (I could not register because there is no way to set a proxy to the > reg/DG > software so I get connection timed out, I have suggested them to use > netscape/other-brow > capabilities like Pointcast to access it since proxies/security can be > specified there). > > I would imagine most institutions will have firewalls around so access > will not be > possible. > That would cut a lot of potential customers out. > I will watch if they do anything about behind-the-firewall access and I > am not holding > my breath. > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 21:47:44 -0700 Joseph Vaughn-Perling wrote: > > I access it through a several firewalls all the time and it can be proxied > too. > > I'd be willing to wager that everyone who accesses it is going through at > least one firewall (theirs) > > As for not being able to use it on a UNIX or OS/2 or Macintosh host? > *ahem* > Any institution that is willing to spend the US$30K+ for a firewall should > at least spent 1/10th of that teaching someone how to use it and set it up. > So how do you set a proxy for access? I did not see an option to do that for the registration program, when I fill in all the information it directly tries to access the server without asking for any further options (I did not see an option to set the proxy on the WEB page either). I think it is the firewall because I have tried registering on 5-6 different occasions on different days at different times and every time I get a connection timed out. I am not sure what you are trying to say about "spending 1/10th teaching someone how to use and set it up"; why would the users in an organization want to learn to set up a firewall, it should be good enough for them to be able to use it everyone does not aspire to be a system administrator. Thanks > > -- > > Disclaimer: Opinions expressed in this document are those of the author. > > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] JPMX and MUEI Date: 03 May 1997 22:08:13 -0700 Brenda wrote: > > Comments? Well, here goes. Most are aware that I DO use CANSLIM criteria > but also add my own personal twist here and there. I look at a stock and > imagine an 80 year old owning this stock, it is his only holding, and > whether he eats and pays his rent depends on the value of this stock. I > grade the stocks graph both long term (1 year) and short term (last 30 days > ONLY) and the less the volatility and the more this 80 year old could sleep > at night the higher the grade. If the stock would absolutely send him to > the hospital with a major coronary the lower the grade. (99 is the highest > and 5 is about the lowest I have ever given). > JPMX- Long term grade 35, within the last six months there is a point where > you could have lost 40% owning this stock with buy and hold. Short term > grade 88. A stock must have a grade 70 is in bold red on all my charts and > a SEVERE warning sign that surely there must be something better. Did > notice the volume for the last TWO days was about the same and a big > increase over previous. I would not expect the stock to BLOW through the > overhead resistance it is about to encounter but have been wrong on many > occasions and probably will be again. > MUEI - Long term grade 55 (During last six months there is a place that you > cuold have lost 56% and this was a FAST drop. Over about two days. Hope > somebody wasn't on vacation that owned this one. Short term grade 15. Five > is the lowest grade I have ever given to anything. Well, you asked. There > it is. Thanks for the input and I do look up every stock that is mentioned. > Have a good day. > James, I guess your comments will apply to any stock that has gone through a significant price drop in the cup part of a C-H formation, so those will rate quite low in your rating system (30% drop in the cup typically to be expected), the only ones that will meet your criteria are the ones that go from LL to UR (I agree such stocks are good since they did not drop in the correction period). JPMX looks like a possibility to me (I will not buy), the only negatives I see are a spread of $1 between bid and ask, the drop in the consolidation range that you mention, and the breakout before a consolidation for a desirable period. I am not sure I like the MUEI chart. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: derek b Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 03 May 1997 22:30:32 -0400 I see several have posted about DG problems. The spreadsheet command works fine for me. I saved several files this morning and just checked now to make sure it's still working. It is. Craig, I wonder if your problem is that DG can't find your Excel? Make sure .xls file association points to proper Excel location. Derek Craig Griffin wrote: > Derek, > > I tried to DL (download) to Excel format and could not get it to work. I > got an error message of "Filename is not valid" (although it does not show > the filename it is talking about). I wonder if it is because the > directories I have DG and Excel in are subdirectories and not off of the > root directory. Or is it because I have an old release of Excel. Or is the > function not working? I sent the DG folks an error report on Friday. Too > soon to hear back. > > Has anyone else had this experience? Or has anyone DL'd successfully to Excel? > > Regards, > Craig > > At 12:12 PM 5/3/97 -0400, you wrote: > >Not sure how long it's been there, but DailyGraphs Online now has a save > >to Excel or Lotus123 spreadsheet command. > > > >Under Reports: > >top 100 Earnings > >short interest NYSE, NAZ > >top industry groups > >etc. > > > >Very nice work DailyGraphs, hope that a save to spreadsheet command for > >some of the data in the graphs can also be implemented. > > > >Derek > > > > ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: [CANSLIM] NASDAQ chart similar to July 1996? Date: 04 May 1997 00:34:22 -0700 I was looking at the NASDAQ chart from July 1996 that Craig and others had made available from WON's seminar in orlando and the current NASDAQ chart in IBD. It looks that both have a significant similarity and if one looks at the buy point that WON had suggested, it seems that we are currently there on the NASDAQ chart (half way up the cup) with a followthrough on high volume. If this one turned out to be a fake/deceptive rally it would be really interesting to see how WON or others explain it and identify it as such. I looked at ORBKF (Orbotech) that someone had suggested as breaking out on Friday. Its fundamentals and CANSLIM characteristic look really great, I would be interested if someone can point any negatives in this stock. I think the only problem currently is that the earnings are supposed to be out May 5/6 and the run up may have been in anticipation. Will appreciate any other input +ve/-ve on this one. Thanks -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] IRRATIONAL EXUBERANCE ABOUNDS!!!! Date: 04 May 1997 00:34:52 -0500 Remember, when WON said that many stocks would probably bouce upwards of 30-40% almost overnight when it did turn around? How true!! You recognize me as being the one who has wanted Mr. G to sit down in front of my computer with me and go through ALL of the stocks on my base and when he comes to ONE stocks that exhibits IE to please point it out to me. Well, one of my favorite parameters that I use to find stocks is currently is absolutely no use to me. Tonight, I got through ONE FOURTH of the stocks that came up in that particular parameter search. I surrender. What I found would make anything else I found in it of no use. You talk about IRRATIONAL EXUBERANCE. Well, it abounds and in abundance. If you have the time just take a gander at some of these stocks (You'll recognize some of them): BARR, SEEC, JDAS, BCHXF, ONTK, ANLY, CELL, PWAV, LRCX, INCY, CEPH, PSDI, MVSI, INFS, PRRC, ABRX, ERTS, SROM, SAPE, EXAR, BGEN, CLFY, HMSY, NVLS, FCAA, NCSS, VLSI, TLAB, PLAT, CMOS, PMTS - and that is just getting through one fourth of the stocks in the category. Maybe, Ms. G is absolutely correct. Better go and see if I can round up my darts. How long will this continue? I hope long enough for me to find my darts. This is the most absurd thing I have seen happen in the market in a long, long, long time. What do you think about it? Surely, one or two of the above "might" deserve "some" of the attention but to find them ----- Well, have a great rest of teh week-end. Guess Mr. G IS GOING to have a reason to raise the interest rates after all and "The Market" will have given it to him on a silver platter, after all! Go for it, TOM! James ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] JPMX and MUEI Date: 04 May 1997 16:22:21 GMT+7 ** Reply to note from "Patrick Toy" Sat, 3 May 1997 20:11:04 -0400 On the surface JPMX looks pretty good to me. When you look closer, you will notice that the handle didn't remain in the upper half of the cup. It should have held above 18 3/4, but the lows of the handle were at 18. It looks like this one is going to work out though. I don't like the looks of MUEI. No handle to speak of. Maybe it will shape up, but right now I'd look for something else. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ SET PATH=Bookshelf;DeskDrawer;Closet;BoxUnderBed;GarbageCan ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Dueling WON quotes Date: 04 May 1997 07:41:50 -0700 Tom Worley wrote: > > Again from the first edition (revised): > From "When to be Patient and Hold a Stock" > "#3. Any stock that rises close to 20% should never be > allowed to drop back into the loss column. For example, if you buy > a stock at $50 and it shoots up to $60 (+ 20%) and you don't take > the profit when you have it, there is no intelligent reason to ever > let it drop all the way back to $50 or below and create a loss. You > may feel embarrassed, ridiculous, and not too bright buying at $50, > watch it it hit $60, and then selling at $50 or $51, but you've > already made the mistake of not taking your profit. Avoid making a > second mistake and letting it develop into a loss." > > What I took from this, and subsequent training by O'Neill acct > execs, and interview reports with WON, is that once you are up 15% > from your entry point (which was hopefully selected correctly and > according to the rules, otherwise all bets are off), then and only > then do you begin to adjust your trailing stop loss higher, still > using about an 8% stop loss. Thus, if the stock does just barely > hit an up 20% level, then retreats, your stop loss has been > adjusted higher and you are taken out with a profit, albeit smaller > than you could have had. If the stock never passes the 15% point, > you still have a stop loss based on your original entry point, > selected in the 8% range and based on where the support lies. If > the stock rockets or strolls, but goes to the up 50% or so level, > you still have it and keep moving your stop loss up as the stock > moves up. > > If a stock moves up 20%, then falls 50%, you should never still be > in it if you follow the rules unless it achieved that fall by > gapping down, and then there are no rules that could have prevented > that. > > A stock that has moved up substantially then goes into basing > action is behaving in a healthy fashion, allowing the short term > holders to take their profits while it sets up another entry point > for those that missed the earlier one. Not a reason to sell unless > you have a better place for your money or are just trading short > term (in which case you are not likely to ever be around for the > 200% and 300% stocks anyway). > > tom w > Yes I agree about the mechanics of such setting. However, in the next basing, setting a 8% stop below will take you out of a multibagger if the stock drops more than 8% in the base; this is where a subjective action will be required to decide whether to sell. A pure mechanical model will work only if the stock follows the "staircase" price model showing less than 8% volatility. Few companies show a staircase with less than 8% drop within the base like James Timken (TKR) which by the way is looking good: EPS 94 RS 91 Acc/Dist A Grp str B Featured in IBD recently Low volatility P/R 12.8 By the way, I did a detailed study of James's picks for this weekend and there are good stocks there and analyzing their behavior shows why that approach works well. Thanks for your comments Tom. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Thinly Traded Date: 04 May 1997 07:41:13 -0500 Tom, If you cut out everything that was 50,000 or even 40,000 avg daily vol because it was too thinly traded then you would have cut out 95% of the stocks that I made money on during the correction. I agree, that during the best of times, I would prefer trading stocks that the average daily volume is 1,000,000 or more. However, I have found one MUST be agile and able to change with the market. When most of the stocks whose graph remains intact over all exchanges is showing avg daily vol of less than 50,000, as for me, I am going with that. When one's mtg pmt and basic intact of food is determined by whether any money is made in the market or not I have not reached that point of financial independence where I can tell the market that I don't like what it is saying and, for now, I don't want to play. Sometimes when you find a stock with avg daily vol of 10,000 and it is steadily moving up you can make a MINT. It is sort of like KNOWING a particular horse or dog is absolutely going to win a race. If you REALLY know this are you going to sell tip sheets telling the world about it, OR are you going to quietly place your wager and then after the race, collect your winnings. I know what has worked in the past. All things do not work at all times. There is nothing that has yet been found that works in all cases. CANSLIM does provide an EXCELLENT base. In it's purest form, practiced with absolute brilliance and perfection, never faltering in any facit, remain rigid and true - even it does not work at all times but it is the best of any system I have yet found. Guess that is why even Mr. O'Neil goes against some of the very things he mentions in his book when he actually gives trade recommendations and does it on a daily basis to those paying for his services. For me, some of the very best (100 baggers) have been stocks with thin volume. Seems like I remember something being said about once the news it out and most know about it, time is short and one needs to be thinking about selling and a proper exit point. Just a thought. James ---------- > From: Peter Christiansen > To: canslim@mail.xmission.com > Subject: [CANSLIM] In defense of TSK - was "Back in Heaven" > Date: Sunday, May 04, 1997 11:21 AM > > ** Reply to note from "Tom Worley" Fri, 2 May 1997 06:56:55 -0400 > > > > Looked at a couple charts mentioned here: from Peter C - CIBR does > > look good, on other hand watch out for TSK. It is showing very > > little growth, thinly traded (avg vol 44,500), and most sig is > > up/down vol at 0.5. Even tho accum/dist is still a C, u/d is very > > neg. > > Well so far I have my biggest gain in TSK, but I bought it exactly right. When you say it > has little growth, are you talking about the 5 year growth rate? When I look at the last four > quarters, I see earnings gains of 36%, 47%, 50%, & 64% with sales increasing every > quarter as well. When I see earnings growth accelerating, I can ignore the five year GR. > 44,500 shares isn't too thin for me. If I eliminated stocks with this amount of daily volume, > I would be tossing out some of the fastest growers. I usually draw the line at 20,000 > shares a day. Of course I'm not buying 10,000 shares at a time. I'll admit that the acc/dist > isn't great, but it has improved from D a couple of weeks ago. I made big money with call > options on this stock late last year, so maybe I am partial to it. > > Peter Christiansen > Bangkok, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________________ _________ > > A confident manner is important; computers can sense this. > ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Dueling WON quotes Date: 04 May 1997 07:59:23 -0500 Page 91: Once you are ahead and have a good profit, you can afford to, and should, allow the stock more than 7% or 8% room for normal fluctuations in price. Do NOT sell a stock just because it's off 7% to 8% from it's peak price. Page 105: #20 - After a stock declines 8% or so from its peak, in some cases examination of the previous runup, the top, and the decline may help determine if the advance may be over or if a normal 8% to 12% correction is in progress. You may occasionally want to sell if a decline from peak exceeds 12% to 15% Now if WON uses the word "occassionally" in the above what does that mean. Is what he says ususual or not unusual. I can almost read it either way. You may OCCASIONALLY want to sell, IF a decline exceeds 12 to 15%. Where would he recommend selling if he OCASSIONALLY wants to sell at down 12-15%? James ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Dueling WON quotes > Date: Sunday, May 04, 1997 9:41 AM > > Tom Worley wrote: > > > > Again from the first edition (revised): > > From "When to be Patient and Hold a Stock" > > "#3. Any stock that rises close to 20% should never be > > allowed to drop back into the loss column. For example, if you buy > > a stock at $50 and it shoots up to $60 (+ 20%) and you don't take > > the profit when you have it, there is no intelligent reason to ever > > let it drop all the way back to $50 or below and create a loss. You > > may feel embarrassed, ridiculous, and not too bright buying at $50, > > watch it it hit $60, and then selling at $50 or $51, but you've > > already made the mistake of not taking your profit. Avoid making a > > second mistake and letting it develop into a loss." > > > > What I took from this, and subsequent training by O'Neill acct > > execs, and interview reports with WON, is that once you are up 15% > > from your entry point (which was hopefully selected correctly and > > according to the rules, otherwise all bets are off), then and only > > then do you begin to adjust your trailing stop loss higher, still > > using about an 8% stop loss. Thus, if the stock does just barely > > hit an up 20% level, then retreats, your stop loss has been > > adjusted higher and you are taken out with a profit, albeit smaller > > than you could have had. If the stock never passes the 15% point, > > you still have a stop loss based on your original entry point, > > selected in the 8% range and based on where the support lies. If > > the stock rockets or strolls, but goes to the up 50% or so level, > > you still have it and keep moving your stop loss up as the stock > > moves up. > > > > If a stock moves up 20%, then falls 50%, you should never still be > > in it if you follow the rules unless it achieved that fall by > > gapping down, and then there are no rules that could have prevented > > that. > > > > A stock that has moved up substantially then goes into basing > > action is behaving in a healthy fashion, allowing the short term > > holders to take their profits while it sets up another entry point > > for those that missed the earlier one. Not a reason to sell unless > > you have a better place for your money or are just trading short > > term (in which case you are not likely to ever be around for the > > 200% and 300% stocks anyway). > > > > tom w > > > Yes I agree about the mechanics of such setting. > However, in the next basing, setting a 8% stop below will > take you out of a multibagger if the stock drops more than 8% in the > base; > this is where a subjective action will be required to decide whether to > sell. > A pure mechanical model will work only if the stock follows the > "staircase" price model > showing less than 8% volatility. > Few companies show a staircase with less than 8% drop within the base > like > James Timken (TKR) which by the way is looking good: > EPS 94 > RS 91 > Acc/Dist A > Grp str B > Featured in IBD recently > Low volatility > P/R 12.8 > > By the way, I did a detailed study of James's picks for this weekend > and there are > good stocks there and analyzing their behavior shows why that approach > works well. > Thanks for your comments Tom. > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 > ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Point to Ponder about b/o SSSSSSS Date: 04 May 1997 08:10:24 -0500 During normal bull markets you can usually find CANSLIM shapes of all types. They do not abound at every corner, but they nonetheless are there for those who chose to take the time and look for them. I dare say that right now I could find at least 50 stocks with cups w/handles breaking out. Is that good? Did they all break out properly? What percentage of these will perform as we would expect them to? Should we be surprised if an alarming percentage ....... increased or decreased? In light of the 50 of so stocks that I previously gave showing, IMHO, absurd irrational exuberance, would that same exuberance not be spilled over into other stocks, and particularly those with cups w/handles? If it's dart throwing time...... would it not be prudent to be especially suspicious about false b/o s? Keep in mind that I have been 100% invested throughout all of this and if a train is headed north I plan to be on it. I'm just concerned that ALL OF A SUDDEN there are so many properly formed shapes that you can find one "almost by throwing a dart" at any of the previous winners. Just a thought. When things are either too good or too bad I usually find myself checking out are things really THIS good or either really THIS bad. In the past, I have usually found that neither extreme has proven out to be true. Have a good day and be careful. James ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] In defense of TSK - was "Back in Heaven" Date: 04 May 1997 08:59:27 -0400 When I see substantial earnings increases without commensurate sales increases, I can only assume it is the result of some internal process or cost cutting within the company and not as a result of sales. Good year to year earnings comparisons thus only last a finite time, until as is now the case, you start to compare to a quarter in which that process was already applied and, with sales nearly equal, are likely to also show earnings pretty flat instead of the 30-50% increase many may have been expecting. On the up/down ratio, anything under 0.8 is negative and supports a "distribution" pattern, suggesting the stock is more likely to move sideways or down than it is likely to move up. I have played some very thinly traded stocks, some that averaged only several thousand a day and would go several days without any trades, but I did so knowing I had no liquidity and would never see institutional interest. I made good money on some of them, but had to be patient and hold for long term. I also couldn't apply CANSLIM rules very well due larger spreads and difficulty of buying/selling within the spread. The lack of liquidity also caused more volatility. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Peter Christiansen > To: canslim@mail.xmission.com > Subject: [CANSLIM] In defense of TSK - was "Back in Heaven" > Date: Sunday, May 04, 1997 12:21 PM > > ** Reply to note from "Tom Worley" Fri, 2 May 1997 06:56:55 -0400 > > > look good, on other hand watch out for TSK. It is showing very > > little growth, thinly traded (avg vol 44,500), and most sig is > > up/down vol at 0.5. Even tho accum/dist is still a C, u/d is very > > neg. > > Well so far I have my biggest gain in TSK, but I bought it exactly right. When you say it > has little growth, are you talking about the 5 year growth rate? When I look at the last four > quarters, I see earnings gains of 36%, 47%, 50%, & 64% with sales increasing every > quarter as well. When I see earnings growth accelerating, I can ignore the five year GR. > 44,500 shares isn't too thin for me. If I eliminated stocks with this amount of daily volume, > I would be tossing out some of the fastest growers. I usually draw the line at 20,000 this. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IRRATIONAL EXUBERANCE ABOUNDS!!!! Date: 04 May 1997 09:03:18 -0400 Market action and pricing will not cause him to raise rates. It is only one, and a minor one at that, of the inputs and criteria he uses. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] IRRATIONAL EXUBERANCE ABOUNDS!!!! > Date: Sunday, May 04, 1997 1:34 AM > > teh week-end. Guess Mr. G IS GOING to have a reason to raise the interest > rates after all and "The Market" will have given it to him on a silver > platter, after all! Go for it, TOM! > James > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Point to Ponder about b/o SSSSSSS Date: 04 May 1997 09:14:01 -0400 Don't know how many started following VIX (the S&P volatility index) since Mike Langston first mentioned it, but I have been (thanks Mike). His tip that when VIX is under 20 it shows a good CANSLIM market is right on target. I plan on using this index in the future to give me one more clue on which way the mkt is moving for CANSLIM candidates. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Point to Ponder about b/o SSSSSSS > Date: Sunday, May 04, 1997 9:10 AM > > During normal bull markets you can usually find CANSLIM shapes of all > types. They do not abound at every corner, but they nonetheless are there > thought. When things are either too good or too bad I usually find myself > checking out are things really THIS good or either really THIS bad. In the > past, I have usually found that neither extreme has proven out to be true. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Dueling WON quotes Date: 04 May 1997 09:23:09 -0400 I think the key is that CANSLIM is more a philosophy than a pure science. WON has also said that a stock that has had a good runup, say 40 or 50%, will "normally" retreat up to half of that gain. That is one of the reasons he wants to take profits even on a good stock so that he can buy it back later considerably cheaper. I agree that as you build up "paper" profits, you can afford to give it a looser stop. Selecting the stop is typically more difficult as there is no likely to be a decent support established, altho there may be some very short term (1-2 week) bases established along the way to show where there may be some logical support briefly. When I was getting WON's picks at my last firm, I do not recall him giving us these "trading sell to buy back after a runup correction" signals on his long term plays. Don't know if this is because he wasn't trading them, or didn't want to create a self fullfilling prophecy. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Dueling WON quotes > Date: Sunday, May 04, 1997 8:59 AM > > Page 91: Once you are ahead and have a good profit, you can afford to, and > should, allow the stock more than 7% or 8% room for normal fluctuations in > price. Do NOT sell a stock just because it's off 7% to 8% from it's peak > price. > Page 105: #20 - After a stock declines 8% or so from its peak, in some > cases examination of the previous runup, the top, and the decline may help > determine if the advance may be over or if a normal 8% to 12% correction is > in progress. You may occasionally want to sell if a decline from peak > exceeds 12% to 15% > > Now if WON uses the word "occassionally" in the above what does that mean. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Stargazer Crawford Date: 04 May 1997 08:42:18 -0500 Anybody take his newsletter? Giving credit where it is due he made a GREAT call PRIOR to the market going down. On National TV he advertised he would be going short the market 200% (on margin) on Feb 14th/18th. That was exactly, 100% correct. I haven't heard that he covered. If he didn't he should be fairly sick. Of course, he didn't really make all that much if had sold at the exact bottom. About 20% is what I figure. Just curious as to what the moon, and stars, and pluto and those five planets that he talked about being in conjunction with one another are doing. Did they collide, or kiss and make up, or what? James P.S. How about some of you with those more advanced scanning devices trying something for me if you have the time. How many stocks were there under $12 and under 5$ last Monday Morning? How many now? How many of the stocks in each of those categories are up ....... say 20%, 30%, 50% over the last 5 days? Would it not tell us something if we knew that say 25% of all stocks under $5 last Monday are now up 25%. I think it would me. I would hope that the percentage was not that high. It is WAY WAY over that percentage on my base of stocks, but my base is stocks that have been big winners at one time or another. James ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] When to sell?/Dueling WON quotes Date: 04 May 1997 11:33:52 CDT > > Now I understand the problem, I have the first edition with only 36 > prime selling pointers, and that isn't one of them. On the other > hand, on page 103 of the First Edition is the following: > > "#5. Major advances require time to complete. Don't take profits > during the first eight weeks of a move unless the stock gets into > serious trouble or is having a two- or three-week "climax" rapid > runup on a stock split. Stocks that show a 20% profit in less than > eight weeks should be held through the eight weeks unless they are > of poor quality without institutional sponsorship or strong group > action. In certain cases, dramatic stocks advancing 20% or more in > only four or five weeks are the most powerful stocks of all, > capable of increases of 100%, 200%, or more. You can try for > long-term moves in many of them, once your account shows a good > profit and you are ahead for the year." > > This was the "20%" quote that I had remembered, obviously am FWIW, I only have a first edition too... and I'm 16 years younger than Tom ;-) So.... I dunno 'bout it "showing your age". I've always tried to make my CANSLIM pix intermidiate term holds (more than 2 mos - usually 12-18) because I interpreted O'Neil that way. His charts always say "advanced 300% in the next 28 mos..." not "advanced 33% in the next 3 weeks..." BUT.... in the past 18 mos. or so, the short-term proved to be the better way to play. I'm still not good at that psychologically. I, like Tom, have it more ingrained to hold on unless there is serious weakness, although I see the revised quote changes that and probably rightly so... Dave Cameron ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Possible BUYS? Date: 04 May 1997 18:56:58 -0500 Took a hard look at the following this afternoon: CPWR, DELL, EPG, IBC, RHBC, WLA, FDO, MOPO and VC. Will be buying one or both of CPWR and or VC. Already own a LOT of good ones. Just adding to postions already held. Use the info if you can. If you could only buy one between CPWR or VC do you have any STRONG feelings one way or the other? James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Test Date: 04 May 1997 21:35:16 -0500 Always used to wonder what these tests were all about. Now I know. I have not rcvd a single CANSLIM or personal msg from anybody on this list. Are mine going out? Surely somebody has posted something? Did I get deleted from CANSLIM list somehow? Beats me. I have no idea. Please send something so that I can see if I am receiving. I am receiving from a Bible Study List that I am on and also some kind of low carb diet something list. Thanks for your help. If you have a canslim msg posted in the last couple of hours try to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. James ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Test Date: 04 May 1997 23:31:42 -0400 Your test was successful. Are you getting all the news? Here is a joke to cheer you up: IThe difference between MD's and PhD's 4 MDs and 4 PhDs are going to a meeting by train. The 4 MDs each have their own ticket, but the 4 PhDs (who have little money, of course) have 1 ticket among them. The MDs ask the PhDs (in a caring manner), "How are you going to manage with just one ticket between the ten of you? "Just watch," reply the PhDs. They all get on the train and the 4 MDs take their seats and hand their tickets to the conductor. But the PhDs all pile into a bathroom, and when the conductor comes by, a single arm reaches out and gives him the ticket. The MDs, feeling enlightened, decide to try the same thing on the way home, so they purchase just one ticket among ten of them. The PhDs buy no ticket at all. "How are you going to get home?" ask the MDs. "Just watch." the PhDs reply. When they get on the train, all the MDs pile into a bathroom. 3 of PhDs get into another bathroom. The fourth Ph.D. then knocks on the MDs' bathroom door and says "Ticket please." Brenda wrote: > > Always used to wonder what these tests were all about. Now I know. I have > not rcvd a single CANSLIM or personal msg from anybody on this list. Are > mine going out? Surely somebody has posted something? Did I get deleted > from CANSLIM list somehow? Beats me. I have no idea. Please send something > so that I can see if I am receiving. I am receiving from a Bible Study List > that I am on and also some kind of low carb diet something list. Thanks for > your help. If you have a canslim msg posted in the last couple of hours try > to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. > James ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Test Date: 04 May 1997 23:31:42 -0400 Your test was successful. Are you getting all the news? Here is a joke to cheer you up: IThe difference between MD's and PhD's 4 MDs and 4 PhDs are going to a meeting by train. The 4 MDs each have their own ticket, but the 4 PhDs (who have little money, of course) have 1 ticket among them. The MDs ask the PhDs (in a caring manner), "How are you going to manage with just one ticket between the ten of you? "Just watch," reply the PhDs. They all get on the train and the 4 MDs take their seats and hand their tickets to the conductor. But the PhDs all pile into a bathroom, and when the conductor comes by, a single arm reaches out and gives him the ticket. The MDs, feeling enlightened, decide to try the same thing on the way home, so they purchase just one ticket among ten of them. The PhDs buy no ticket at all. "How are you going to get home?" ask the MDs. "Just watch." the PhDs reply. When they get on the train, all the MDs pile into a bathroom. 3 of PhDs get into another bathroom. The fourth Ph.D. then knocks on the MDs' bathroom door and says "Ticket please." Brenda wrote: > > Always used to wonder what these tests were all about. Now I know. I have > not rcvd a single CANSLIM or personal msg from anybody on this list. Are > mine going out? Surely somebody has posted something? Did I get deleted > from CANSLIM list somehow? Beats me. I have no idea. Please send something > so that I can see if I am receiving. I am receiving from a Bible Study List > that I am on and also some kind of low carb diet something list. Thanks for > your help. If you have a canslim msg posted in the last couple of hours try > to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. > James ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Test Date: 05 May 1997 00:59:12 -0400 If someone knows Brenda (James), the mail bounced back from the address bks@1cc.net as not deliverable. Brenda wrote: > > Always used to wonder what these tests were all about. Now I know. I have > not rcvd a single CANSLIM or personal msg from anybody on this list. Are > mine going out? Surely somebody has posted something? Did I get deleted > from CANSLIM list somehow? Beats me. I have no idea. Please send something > so that I can see if I am receiving. I am receiving from a Bible Study List > that I am on and also some kind of low carb diet something list. Thanks for > your help. If you have a canslim msg posted in the last couple of hours try > to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. > James ------------------------------------------------------------------------------- From: Dean Edwards Subject: [CANSLIM] Possible BUYS? Date: 05 May 1997 16:56:38 I am responding to your message on test and possible buys. I bought DELL at its pivot point $81or old 52 week high last week. Would you still be buying DELL at this point? Can someone please post the EPS share and relative strength for Sierra Semiconductor. The stock hit a new high on Friday - Stock Symbol SERA. And what the industry group ranking for SEMIS is? Thanks in advance. The market leaders seem to be roaring in the last few days. I've been reading the stock selections by William O'neil. Has anyone bought or been following them. Namely Manugistics, Harbinger, Qiagen, Smart Modular and BANN. I think BANN has already been mentioned. What stock exchange is BANN listed on and the symbol? I haven't be able to punch in the the stock symbol for BANN. Mail Document cc: __________________________________________________________________________________ Took a hard look at the following this afternoon: CPWR, DELL, EPG, IBC, RHBC, WLA, FDO, MOPO and VC. Will be buying one or both of CPWR and or VC. Already own a LOT of good ones. Just adding to postions already held. Use the info if you can. If you could only buy one between CPWR or VC do you have any STRONG feelings one way or the other? James __________________________________________________________________________________ ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] In defense of TSK - was "Back in Heaven" Date: 05 May 1997 15:10:45 GMT+7 ** Reply to note from "Tom Worley" Sun, 4 May 1997 08:59:27 -0400 TSK's earnings consensus for 1998 is +31%. I take it you don't think that will materialise? If you have a minute, could you look at EGR and give me your thoughts? Disregarding the the thinness, I really like the looks of the chart. The last three quarters show big earnings increases, yet sale were down or flat. Would you disregard it because of the sales numbers? Earnings are projected to be up 89% in 1998. Cheers, Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Stealing taglines? Book him for "grand theft motto"! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Possible BUYS? Date: 05 May 1997 06:36:39 -0400 On DELL, much as I like it, is pretty extended right now. May just keep on roaring, but would prefer to wait for some consolidation and basing for an entry. On SERA, RS 94, EPS 16, a/d A, u/d 1.3, timeliness C, GRS 92, top five in grp all RS 99. I think the symbol you are looking for on Bann is BANNF if memory serves me right, trading NASDAQ. How do you know the stocks you listed below are WON picks? tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Dean Edwards > To: canslim > Subject: [CANSLIM] Possible BUYS? > Date: Monday, May 05, 1997 12:56 PM > > I am responding to your message on test and possible buys. I bought DELL at > its pivot point $81or old 52 week high last week. Would you still be buying > DELL at this point? > Can someone please post the EPS share and relative strength for Sierra > Semiconductor. The stock hit a new high on Friday - Stock Symbol SERA. And what > the industry group ranking for SEMIS is? Thanks in advance. > > I've been reading the stock selections by William O'neil. Has anyone bought or > been following them. Namely Manugistics, Harbinger, Qiagen, Smart Modular and > BANN. > I think BANN has already been mentioned. What stock exchange is BANN listed on > and the symbol? I haven't be able to punch in the the stock symbol for BANN. > ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] Test Date: 05 May 1997 6:00:28 CDT Its bks@lcc.net not 1cc.net > > If someone knows Brenda (James), the mail bounced back from the address > bks@1cc.net as not deliverable. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] In defense of TSK - was "Back in Heaven" Date: 05 May 1997 06:53:43 -0400 Maybe I wasn't completely clear. Lack of liquidity or lack of sales growth alone would not strike a stock from a watch list, but would require more careful evaluation. In the case of both of these with strongly increasing earnings with flat or only minor (5%) sales growth, I would investigate what the co did to increase earnings so much without also increasing sales. Next, I would want to satisfy myself that something is happening which will result in improved sales in future, without that then earnings eventually go flat on year to year comparison. If I wasn't satisfied on this last point, I would look at other stocks, there's too many out there with much better characteristics I can rely on. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Peter Christiansen > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] In defense of TSK - was "Back in Heaven" > Date: Monday, May 05, 1997 11:10 AM > > ** Reply to note from "Tom Worley" Sun, 4 May 1997 08:59:27 -0400 > > TSK's earnings consensus for 1998 is +31%. I take it you don't think that will materialise? > > If you have a minute, could you look at EGR and give me your thoughts? Disregarding the > the thinness, I really like the looks of the chart. The last three quarters show big earnings > increases, yet sale were down or flat. Would you disregard it because of the sales > numbers? Earnings are projected to be up 89% in 1998. > > Cheers, > > > Peter Christiansen > Bangkok, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________ _________________ > > Stealing taglines? Book him for "grand theft motto"! ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Test Results Date: 05 May 1997 06:30:28 -0500 Thanks Everybody! Looks like everybody was just being sort of quiet. The test was successful and you all got an "A". I was afraid rapture had come and gone and I had been left. Had to go out in the neighborhood and see if I saw any normal looking activity. Still wasn't convinced. Had to get on the phone and call somebody that I was SURE wouldn't be left. Anyway, thanks for the responses. Let's all hope this week is half as good as last week was. Good luck and good wishes. James ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] CPWR & VC Date: 05 May 1997 6:35:27 CDT James, I vote for CPWR. VC looks over-extended to me. BUt then again... i'm not putting money into either. I'm riding what I've got. Dave Cameron ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] In defense of TSK - was "Back in Heaven" Date: 05 May 1997 19:16:28 GMT+7 ** Reply to note from "Tom Worley" Mon, 5 May 1997 06:53:43 -0400 Tom, Thanks for for thoughts. Peter > I would investigate what the co did to increase earnings so > much without also increasing sales. Next, I would want to satisfy > myself that something is happening which will result in improved > sales in future, without that then earnings eventually go flat on > year to year comparison. If I wasn't satisfied on this last point, > I would look at other stocks, there's too many out there with much > better characteristics I can rely on. INTERVIEW-Earthgrains ( The Earthgrains Co ) aims for growth By Patricia Commins NAPLES, Fla., Feb 19 (Reuter) - Earthgrains Co, the baked goods concern spun off less than a year ago by beer brewer Anheuser-Busch Cos Inc , aims to expand geographically through acquisitions in a consolidating industry. "How fast we do it will depend on how those properties become available and what we have to pay for them. But we are looking for geographic expansion through acquisitions," Chairman Barry Beracha said in an interview Earthgrains made a presentation at an analyst conference here. Earthgrains serves about 35 percent of the U.S. population with a presence in the Southeast, Midwest, Southwest and Far West. The company, which was shed in March 1996, made a few acquisitions in late 1996 in Mississippi, West Virginia and Texas. Those deals helped expand Earthgrains' reach and took some excess capacity out of the baking industry. "The key for us is to use the industry consolidation as a way to improve our profitability and improve shareholder value and not just get bigger," Beracha said. While geographic expansion through acquisitions will be the main driver of Earthgrains' future growth, Beracha said the company is also looking to increase revenues, including with new products. The company, which is the third-largest producer of fresh baked goods with brands like IronKids, recently launched fresh bagels under its Earth Grains brand. It is also testing other products, all of which fall in the higher end of the bread and baked goods category. Earthgrains sees a greater willingness for consumers to pay more for products that promise better flavor or enhanced nutrition. Beracha pointed to recent sales data that showed per capita bread consumption in pounds is flat, but sales revenues are up. Earthgrains, which also produces refrigerated dough in both the United States and Europe and has a European bakery operation, posted third quarter sales of $523 million. Adjusting for facilities and businesses that were closed or sold, sales rose 3.9 percent. On the profit side, Earthgrains posted a dramatic turnaround, with third quarter earnings of $0.91 a share, compared with a year-ago loss of $0.91 a share before extraordinary items. "In our first year...we've exceeded most people's expectations," Beracha said. "The really good news behind that is there's still a long way to go." Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ I tried an internal modem, but it hurt when I walked. ------------------------------------------------------------------------------- From: Jonathan Polito - Lucent ASCC Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 05 May 1997 09:23:55 -0400 I corresponded with DG about some of these issues. The primary one with me is the firewall issue. I was able to register successfully but cannot download the graphs. Their solution was to tell me to ask my "administrator" to open up access to a port they use. I explained to them that that would defeat the purpose of a firewall. I find it amazing that someone would develop an internet application without considering things like firewalls, proxies. Considering that just about every corp. is behind a firewall (or will be), their decision is strange. OTOH, I can understand the decision to only support wintel platforms. - Jonathan. ------------------------------------------------------------------------------- From: Jonathan Polito - Lucent ASCC Subject: RE: [CANSLIM] DailyGraphs save to spreadsheet Date: 05 May 1997 09:31:52 -0400 Oh yeah, how? I don't know what kind of firewall you are using, but according to DG, they need to make a direct tcp connection to port 1033. Firewalls that I am familiar with do not allow applications to make direct connections across the firewall. >>>>> "Joseph" == Joseph Vaughn-Perling writes: Joseph> I access it through a several firewalls all the time and it Joseph> can be proxied too. ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: [CANSLIM] ORBKF looking good Date: 05 May 1997 09:46:22 -0400 ORBKF broken out, came out with great earnings today. They did 49c for the Q 43c expected from them, now extended but may be good buy on a second chance if it appears. Looks good in all respects: eps 98 rs 96 acc/dst A grp A 22% mgmt 10M shares P/E 13.47 great expectation for this year from Zacks -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Dean Edwards" Subject: Fw: [CANSLIM] Possible BUYS? Date: 06 May 1997 01:58:50 +1200 Thanks for the info. In an interview that was posted - O'Neil highlighted the previous bull market leaders Cascade, Ascend and Cisco. I fondly remember owning two of those stocks. From memory he was discussing the next bull cycle in the interview. They say cream rises to the top and when O'Neil speaks, I try to pay attention. Bannf has been mentioned in this forum already, at an Orlando conference he hosted. I couldn't imagine O'Neil randomly selecting stocks. Quoting Shakespere, I assumed that there was "method behind the madness" when he named potential market winners in the next cycle. I can't seem to get a quote or even buy BANNF. I have been trying to track it, knowing it is the correct stock symbol. But for some reason I have struck difficulties with my brokerage firm. Must contact them about this matter. > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Possible BUYS? > Date: Monday, May 05, 1997 10:36 PM > > On DELL, much as I like it, is pretty extended right now. May just > keep on roaring, but would prefer to wait for some consolidation > and basing for an entry. > On SERA, RS 94, EPS 16, a/d A, u/d 1.3, timeliness C, GRS 92, top > five in grp all RS 99. > I think the symbol you are looking for on Bann is BANNF if memory > serves me right, trading NASDAQ. > How do you know the stocks you listed below are WON picks? > > tom w > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be intrepreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. > > ---------- > > From: Dean Edwards > > To: canslim > > Subject: [CANSLIM] Possible BUYS? > > Date: Monday, May 05, 1997 12:56 PM > > > > I am responding to your message on test and possible buys. I > bought DELL at > > its pivot point $81or old 52 week high last week. Would you still > be buying > > DELL at this point? > > Can someone please post the EPS share and relative strength for > Sierra > > Semiconductor. The stock hit a new high on Friday - Stock Symbol > SERA. And what > > the industry group ranking for SEMIS is? Thanks in advance. > > > > I've been reading the stock selections by William O'neil. Has > anyone bought or > > been following them. Namely Manugistics, Harbinger, Qiagen, Smart > Modular and > > BANN. > > I think BANN has already been mentioned. What stock exchange is > BANN listed on > > and the symbol? I haven't be able to punch in the the stock > symbol for BANN. > > > > ------------------------------------------------------------------------------- From: "Jay Cliburn" Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 05 May 1997 08:05:15 -0600 Jonathan Polito writes: > > [...] OTOH, I can understand the decision to only > support wintel platforms. I cannot. Given the proliferation of web-based applications that are platform-independent, I was astonished to learn that DG Online had opted for the "download our software" approach. I am now further dismayed to learn of the TCP port-specific requirement. Regards, -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] CPWR at 9:15 am CST Date: 05 May 1997 09:22:40 -0500 Up 2 1/4 on over half a million shares. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] ALTR at 10:15am CST Date: 05 May 1997 09:25:32 -0500 Up 2 1/4 on over a million shares ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Breakout AIR Date: 05 May 1997 21:27:22 GMT+7 It looks like AIR is breaking out this morning. I just placed a buy order. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ I tried to contain myself, but I escaped. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Another Breakout ADEX Date: 05 May 1997 21:41:02 GMT+7 ADEX is also breaking out this morning. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Who is General Failure, and why is he reading my drive? ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] ASTSF Date: 05 May 1997 10:12:25 -0500 Up 2 3/8 on HUGE vol for THAT stock. Been in my top five picks for a long time! ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Another Breakout ADEX Date: 05 May 1997 11:05:34 -0400 Peter Christiansen wrote: > > ADEX is also breaking out this morning. > > Peter Christiansen > Bangkok, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > _____________________________________________________________________________________ > > Who is General Failure, and why is he reading my drive? Peter Thanks for posting all the breakouts, that is useful. I was curious, how do you monitor intraday breakouts? that is, what kind of Tools (software, equipment) do you use. I can imagine requiring real time quotes but unless the stock has been on the watch list from previous research I would imagine that it is hard to pinpoint them from a large number of stocks. Will appreciate your response, Thanks -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] Test Date: 05 May 1997 17:23:47 +0200 James, Take a look at DRNK. Good earnings posted a little while back. At 09:35 PM 04/05/97 -0500, you wrote: >Always used to wonder what these tests were all about. Now I know. I have >not rcvd a single CANSLIM or personal msg from anybody on this list. Are >mine going out? Surely somebody has posted something? Did I get deleted >from CANSLIM list somehow? Beats me. I have no idea. Please send something >so that I can see if I am receiving. I am receiving from a Bible Study List >that I am on and also some kind of low carb diet something list. Thanks for >your help. If you have a canslim msg posted in the last couple of hours try >to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. >James > > --- Johan Van Houtven ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Getting Daily Quotes - Date: 05 May 1997 11:22:16 -0500 Personally, I monitor two different ways. One is I use an Internet delayed quote service connected with the particular broker house I use, which is free, to at least hourly pull up ALL quotes (currently 150 stocks). I pull the quotes up in order of change which gives me a quick view of best and worst performing. Also, I pay attention to the volume colume. Second, and more importantly I use the real time quote service they offer. I put into the different portfolios the stocks actually owned and the stocks watching. If it is a particularly good OR bad day I pull the quotes up A LOT. Get 150 quotes for each trade made. Account opened in January. Currently have a bank of 10,000 quotes available even using it as extensively daily as I do. That is the single most help in getting one BEFORE it makes all of its move for the day. Bought into "The System Portfolio", at market, at the open all of this weeks top five. As of 11am cst they are doing as follows: DS up 1/2, VC up 1 1/4, ASTSF up 2 1/8, TKR up 1 1/2 and RAYM up 1/2. Feels good on days like this. Bought into James' Picks Portfolio this morning, at market, VC up 1 1/4 and CPWR up 1 5/8. Hope you are getting in on some of this action too. Here is a list of stocks in the biggest portfolio I manage and how they are doing right now: ALTR UP 1 5/8, ASTSF UP 1 5/8, BCF UP 1/8, CNC down 3/8 (bought this one off a tip even though I have owned it before, think it is a good stock, think it will be ok BUT there I go again!), CPB UP 1/4, gbe UP 3/8, mk UP 1/8, mson UP 3/16, rxr UP 1/4, usld down 1/8, AND VC up1 1/4. Some of the tech's would be giving better and bigger UP jumps right now but I don't sell winners when they are putting money in the bank and moving up. A bird in the hand is worth TEN times as much as those still in the bush. James ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Another Breakout ADEX > Date: Monday, May 05, 1997 10:05 AM > > Peter Christiansen wrote: > > > > ADEX is also breaking out this morning. > > > > Peter Christiansen > > Bangkok, Thailand > > > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > > ____________________________________________________________________________ _________ > > > > Who is General Failure, and why is he reading my drive? > > Peter > > Thanks for posting all the breakouts, that is useful. > I was curious, how do you monitor intraday breakouts? that is, what kind > of > Tools (software, equipment) do you use. > I can imagine requiring real time quotes but unless the stock has been > on > the watch list from previous research I would imagine that it is hard to > pinpoint them from a large number of stocks. > Will appreciate your response, > > Thanks > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 > ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Test Date: 05 May 1997 11:34:14 -0500 Comments? You sure you want them? OK - Here goes, although I DO buy some cheap stocks from time to time and try to grab a quick profit not a 100 bagger I have to have a LOT of things happen to buy it. MFN was a fiasco and I was wrong on it. Can't be wrong on too many of the cheap ones or the investment capital is gone. I always take a certain amount in each portfolio and devote to SPECULATION. This stock would certainly fall there as I too agree with Mr. O'Neal that a stock is usually $3 for a very good reason. That is usually almost exactly what it is worth. Yes, this stock has jumped up the last two days. The majority of stocks I've looked at around this price have been jumping for the last five days. When a $2 stock has volume of 69,000 and causes my green bars to be very tall it concerns me. If 69,000 is a LOT of volume for a $2 stock - WHY? ONE fair to large investor would buy more shares than that of it. He spread it out over a couple of days? So, 140,000 volume on a $2 stock. That would be red flag number one. Number two is that it has twice in the last six months attempted to break through $2.75, failed both times, and then dropped rapidly (percentage wise). So, I guess I'm not too thrilled. Of course, if you bought it good luck and I hope it goes to TEN !! Somebody bought it!! James ---------- > From: Johan Van Houtven > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Test > Date: Monday, May 05, 1997 10:23 AM > > James, > > Take a look at DRNK. Good earnings posted a little while back. > > > > At 09:35 PM 04/05/97 -0500, you wrote: > >Always used to wonder what these tests were all about. Now I know. I have > >not rcvd a single CANSLIM or personal msg from anybody on this list. Are > >mine going out? Surely somebody has posted something? Did I get deleted > >from CANSLIM list somehow? Beats me. I have no idea. Please send something > >so that I can see if I am receiving. I am receiving from a Bible Study List > >that I am on and also some kind of low carb diet something list. Thanks for > >your help. If you have a canslim msg posted in the last couple of hours try > >to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. > >James > > > > > > --- Johan Van Houtven > > > ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] In defense of TSK - was "Back in Heaven" Date: 05 May 1997 23:34:03 GMT+7 Well, somebody besides me likes TSK. It is up another 3 1/4 on good volume so far this morning. My stops are in place, and fingers crossed. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 05 May 1997 23:33:58 GMT+7 > OTOH, I can understand the decision to only > support wintel platforms. Seems like a fairly stupid decision to me. Why not just write the program in Java? You only have to write it once to support multiple platforms. Why would they want to limit themselves? I don't get it. Have you tried the Corel Office for Java beta? I don't know about Windows, but it runs very nicely on my system, and it is still an early beta. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 04 May 1997 09:42:29 +0200 I have been able to do that since day 1 I started beta testing. My Excel is part of the MS Office Pro 95 package. The version number of Excel is 7.0a. You might also try the following: (This is based on testing with some OLD files in my Dlygraph directory.) In Excel (7.0a in my case) goto File/Open. Select Files of Type: All types (*.*) Go to your Dlygraph dir. Look for *.rep files. These are actually text files that can be loaded into Excel and I would guess other spreadsheets. Select one of the *.rep files. (Or first get some *.rep files for the Daily Graphs server.) Open the selected *.rep file. Excel detects a text file. It asks you how you want to import this file. Just click on Finish. Voila. Hope this works for you. >Or has anyone DL'd successfully to Excel? Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] ASTSF Date: 05 May 1997 23:57:33 GMT+7 ** Reply to note from "Brenda" Mon, 5 May 1997 10:12:25 -0500 > Up 2 3/8 on HUGE vol for THAT stock. Been in my top five picks for a long > time! Thanks James. I just picked up a little bit for the fun of it. I owned this one a while back. Got worn out of it, and then it went to "Pluto" - if I may borrow that expression from you. Take care. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] LSCC/INVX Date: 05 May 1997 12:01:08 -0500 Anybody who got into these two is certainly smiling now. LSCC up over 5 on a million shares. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] Another Breakout ADEX Date: 06 May 1997 00:28:06 GMT+7 ** Reply to note from Hemant Rotithor Mon, 05 May 1997 11:05:34 -0400 > Thanks for posting all the breakouts, that is useful. > I was curious, how do you monitor intraday breakouts? that is, what kind > of > Tools (software, equipment) do you use. > I can imagine requiring real time quotes but unless the stock has been > on > the watch list from previous research I would imagine that it is hard to > pinpoint them from a large number of stocks. > Will appreciate your response, I am happy to post them if someone finds it worthwhile. I use Quotes Plus, and run a number of daily scans to highlight technically interesting stocks. I then use Daily Graphs and various Internet resources to do the fundamental work. After I have compiled my watch list, I use Yahoo quotes to monitor it. In a bull market I typically have 40 to 100 stocks on the list, which is manageable. I usually log on every 30 minutes to check for interesting activity. I will log on more often if the market is hot (like right now). Real time quotes would be nice, but Internet access is not cheap in Thailand, nor is it flat rate. Often times, I can feel when I stock is about to break out, and I place a buy-stop order. This will usually give me a pretty decent fill on the initial buy. E-Trade is my broker, and I find their Nasdaq stops especially useful. Let me know if you have any specific questions. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] SOX Indicator Date: 05 May 1997 12:29:59 -0500 John Murphy, one of the few on CNBC who I find to be very good, just showed the SOX (Semiconductor Index). Breaking out very nicely. Chart has a recognizable shape to all CANSLIMers. Cup, handle properly formed, breaking into new high ground now on very good volume. Use the info if you can. James ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] CPWR at 9:15 am CST Date: 05 May 1997 13:38:28 -0400 Nice call James. VC is also up today (+1). If you were looking to buy one of two at the open, you could hardly have done better. At 09:22 AM 5/5/97 -0500, you wrote: >Up 2 1/4 on over half a million shares. > > ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Bottom Fishing Date: 05 May 1997 12:58:20 -0500 Yes,yes - I know. No way a CANSLIMer would EVER bottom fish and particularly when the market has turned and is jumping like it is now. Well, just in case there "might be" a bottom fisher listening - look at QDEK. I don't know ONE thing about the company. I am not touting it. I do own a "very small" position of this one in my HIGHLY SPECULATIVE account. Be very, very careful and this in no way is a recommendation on this one! James It is really hard right now keeping up with all the good companies doing good things. ALTR has a history of jumping up early, coming back at least TWO (where it is now) and then it goes one way or the other. Just in case you were thinking about it. ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Test Date: 05 May 1997 00:59:12 -0400 If someone knows Brenda (James), the mail bounced back from the address bks@1cc.net as not deliverable. Brenda wrote: > > Always used to wonder what these tests were all about. Now I know. I have > not rcvd a single CANSLIM or personal msg from anybody on this list. Are > mine going out? Surely somebody has posted something? Did I get deleted > from CANSLIM list somehow? Beats me. I have no idea. Please send something > so that I can see if I am receiving. I am receiving from a Bible Study List > that I am on and also some kind of low carb diet something list. Thanks for > your help. If you have a canslim msg posted in the last couple of hours try > to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. > James ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Here is another breakout FNCO Date: 06 May 1997 02:09:25 GMT+7 Want another one? Funco (FNCO) is now breaking out on huge volume. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] GBE Date: 05 May 1997 14:35:22 -0500 :) Many laughed at me on this pick, but if you could see me now I am taking my bows, thank you very much. Those who got on board with me - Isn't it fun!!!! Whhheeeeee!!!! Haaaapppppeeee Daaaaaaysss are heeerrrere again, ........... Isn't life GRAND! James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Elaine Date: 05 May 1997 15:12:17 -0500 Coming on CNBC shortly after 3pm CST. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Elaine on CNBC Date: 05 May 1997 15:28:25 -0500 For those interested her basic comments were as follows: We have actually been in a bear market with from peak to bottom showing a 25% decrease with many of the stocks dropping 40,50 $ 60%. Current Newsweek quotes Greenspan as admitting that he may have made a "MISTAKE" in raising the interest rate in light of the numbers coming out. She sees this now as a brand new BULL market and that we are in stage one. Mentioned it's throwing dart time. Thinks Banks, Service Stocks, DELL, CPQ and her favorite stock is McDonalds. Also touted today by Buffet personally, and she mentioned that he likes it a lot. She sees earnings continuing good but that 3rd and 4th q's should been to show some losses. Thinks the market would continue upward even if Mr. G. did raise rates and thinks if he does so you will see short term paying more than long term. States in her 25 yrs in the business has never seen conditions like this and this favorable. See DOW at 7600 if her module of 2% earnings growth is true. States street concensus is for 14% growth. Mentioned GDP was 5% and is now 1% and add a balanced budget that it is the best climate she has ever seen and imphatically stated the bear market is OVER. Well, that's what she said. What's your opinion? Question for you Tom. If you have backed Mr. Greenspan, have stated you think he was correct in his raising the interest rates, think they should be raised again but maybe not now - How do you stand with his comments that HE said he may have made a mistake? Is Mr. Greenspan now wrong with what HE says about what he did? Just wondered how you assimulate his latest comments. James ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: [CANSLIM] Too much up too soon? Date: 05 May 1997 16:28:30 -0400 Today the markets exhibited a spectacular run up. I am not complaining because that helps my portfolio, however should we be worried about this run-up? should we be concerned that it may come down rapidly as it went up; not even sure if the move can be rationally justified (the news-media always has a justification for every movement , howsoever ridiculous at times). Does the run up look healthy or suspicious? why? Thanks -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Louis Gipson, RN" Subject: Re: [CANSLIM] LSCC/INVX Date: 05 May 1997 12:12:50 -0700 Brenda wrote: > > Anybody who got into these two is certainly smiling now. LSCC up over 5 on > a million shares. Hi James, I am certainly smiling about INVX. Picked it up at 28.25. Lou Gipson ------------------------------------------------------------------------------- From: PPNewell@aol.com Subject: Re: [CANSLIM] Possible BUYS? DELL Date: 05 May 1997 17:16:08 -0400 (EDT) I just bought DELL at 85 1/2 but I don't consider it a CANSLIM stock the funds level is too high, its extended etc. Ok the reason I bought it, incredible strength during the downturn and the improving fundamental news, I beleive the will be a 95+ EPS after it announces earnings, and upward momentum. So far so good, which I had picked it up three months ago, but I beleive it was extended then also. Peter Newell ------------------------------------------------------------------------------- From: PPNewell@aol.com Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 05 May 1997 17:27:16 -0400 (EDT) In a message dated 97-05-05 14:33:25 EDT, you write: << > OTOH, I can understand the decision to only > support wintel platforms. Seems like a fairly stupid decision to me. Why not just write the program in Java? You only have to write it once to support multiple platforms. Why would they want to limit themselves? I don't get it. >> Being a software developer, I can tell you. Its way too expensive. Too pick up an extra 10% of the market you have to spend 400x as much money. IBM learned(matter of opinion) this lesson the hard way by chasing 1/10 th the market share with 50x dollars. This is how Microsoft makes its money(so far) by spending 1/10 the money on 1000x the market. I'm not sure what the Daily graphs is based, love to know, but JAVA isn't the easiest to use for this type application and not all the platforms are supported as well. Peter Newell ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) Date: 05 May 1997 18:43:22 -0400 This weekend I said I would not be surprised to see this rally go a few more days, just to cause the most people the most pain (those still sitting nervously on the sidelines). After today's remarkable buying, I would not be surprised to see a quick hard drop any day now. Why? Just to shake people out. Then again, if the uncertainty is still high enough out there, it could just keep rolling for a bit longer. No doubts about the overall trend though. Breakouts in this kind of market are too fast and furious to keep up with. Just a few from the last day or two, some of which have been mentioned on this list: ACTN ORBKF FINE EESI KLIC DATM QNTM CREAF SWFT MCRL CCL SMOD LU KUH DDIM ADEX SHED KELL QGENF JBIL CIBR BARR AIR EGR ALTR AOC AOS AVL AVID DOV CPQ GDT MTC MXIM And those are just the ones from my watch list. There are lots of others. It will be interesting to see which of these work out the best. Some of the stocks above are almost "pure" canslim, but most of them have something wrong with them. Some of them have a lot wrong. INVX surely acts like it wants to run a ways, but far too late to hop aboard now for those that missed it. But this has been going on for years, it is not like there will not be more good ones. Do your homework. Make your way through the long periods of waiting. Be patient. Keep alert, maintain your watch list, and when the time is right (like the last week or so), pounce on those b/o's. I suspect that in general, those with the best CANSLIM numbers will do the best. Also look for those with the tightest or nicest bases. Be careful, there seems to be a bit of that IR around ;>). ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: [CANSLIM] Small and micro stocks to sift through before next rally Date: 05 May 1997 18:05:42 -0400 (EDT) May 5, 1997 4:30pm Warren Kent asks: This robust small and micro rally will be tested seveeerely before weeks end, yet the following did well today and most stocks below are under $20. (Don't buy until after the test.) Long and short bond rates converge by Halloween? Covered shorts have blossomed market upward today. I tried to post as many as I could. Techs may need another correction, but Russell 2000 seems to be breaking out, but not without an upcoming test. Therefore, if any attractive stocks could be culled from this list to jump into after the correction, please post. My guess is that a one or two point bump up today, may respond well by next week after a good shake up. Could a stale loaf of bread bounce up 3 points in today's market? Opinions are always welcome. Is this a rising tide that is simply raising all boats or are CANSLIM small cap stocks good for a summer rally hidden somewhere in this list? ADEX: Discussed last week ATVI BELF PAMC BILL PCTL BMPE PEGA CLSR PTEC CMOS PUCK COHU RATL EGGS SERA: discussed last week ELINK SMTL ESST SQNA EVNSF STDM FINL SYSF GLEX THOM HCBK TLXN HMTT TTRR HTBBG UACA IBIS VSGN INAC VSNT INLK WANG INSO WCII INTS WELL IPEC WRSI ITDS WTSLA KIDS XCIT XION MAST ZEUS MISI ZRAN MRRW MSIX NCOG NMCG NXTL:No earnings but owns patents on cell phone technology ORKBF: Mentioned last week. =================================eof ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) Date: 05 May 1997 18:25:03 -0500 Right now ORBKF is on the top of the list under Zacks "Todays Extreme Earning Surprises". Thanks Craig for the list. I always look up every stock mentioned here. If I find ONE stock a month I think it has been well worth the time. There are more good stocks to invest in than I have funds. Therefore, I can still be choosey about which I choose to be in. Once again, keep posting the lists and I'll keep looking. James ---------- > From: Craig Griffin > To: canslim@xmission.com > Subject: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) > Date: Monday, May 05, 1997 5:43 PM > > This weekend I said I would not be surprised to see this rally go a few more > days, just to cause the most people the most pain (those still sitting > nervously on the sidelines). After today's remarkable buying, I would not > be surprised to see a quick hard drop any day now. Why? Just to shake > people out. Then again, if the uncertainty is still high enough out there, > it could just keep rolling for a bit longer. No doubts about the overall > trend though. > > Breakouts in this kind of market are too fast and furious to keep up with. > Just a few from the last day or two, some of which have been mentioned on > this list: > > ACTN > ORBKF > FINE > EESI > KLIC > DATM > QNTM > CREAF > SWFT > MCRL > CCL > SMOD > LU > KUH > DDIM > ADEX > SHED > KELL > QGENF > JBIL > CIBR > BARR > AIR > EGR > ALTR > AOC > AOS > AVL > AVID > DOV > CPQ > GDT > MTC > MXIM > > And those are just the ones from my watch list. There are lots of others. > It will be interesting to see which of these work out the best. Some of the > stocks above are almost "pure" canslim, but most of them have something > wrong with them. Some of them have a lot wrong. > > INVX surely acts like it wants to run a ways, but far too late to hop aboard > now for those that missed it. But this has been going on for years, it is > not like there will not be more good ones. Do your homework. Make your way > through the long periods of waiting. Be patient. Keep alert, maintain your > watch list, and when the time is right (like the last week or so), pounce on > those b/o's. I suspect that in general, those with the best CANSLIM numbers > will do the best. Also look for those with the tightest or nicest bases. > > Be careful, there seems to be a bit of that IR around ;>). > > > ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] More Stocks To Sift Through Date: 05 May 1997 19:33:32 -0500 Of course you all know that I prefer stocks going from LL to UR. However, that does not mean that I don't invest in ones that have much different looking shapes. Thanks to all of you who posted various stocks today. I have looked at graphs of each and every one. Some of the stocks that I saw tonight that ARE NOT ON "my Wall Chart" that caught my attention that I will be taking closer looks at tonight are: ASPX, ESOL (imagine being able to buy this one for $7), DGII, PARL (a $2.75 stock w/ cup and handle), MSON, ADBE (vol 9 mil today), AFL, AMAT, ASC, ASMLF (?), BMCS, CAG, CHA, CWC, G, HB, KEA, LLTC, LSCC, PCAR, QGENF, AEIS, PMRY, CHRX, SRA, TYC, ACTN, KUH and STDM. Ya'll making a lot of extra work for me and I THANK YOU VERY MUCH. More stocks out there to invest in than I have funds. I like it like that. Be careful and realize that this is much too, too good to expect it to be as easy as Ms. Garzarelli said today when she said, "Just get you some darts!". Start pitching. Have a good night and day tomorrow. Hope many of you are getting in on some of this. James ------------------------------------------------------------------------------- From: Dean Edwards Subject: [CANSLIM] Small and micro stocks to sift through before next Date: 06 May 1997 12:36:56 I don,t know if this is a fake rally or not. So I,m remaining cautious. I don,t want to plough into the small cap or micro stocks until I have more evidence to the contrary. That the market has recovered from its January correction. A turnaround rally in the market within 4 months is quite fast and unexpected. But I don,t want to miss out on the action either. Already by the amount of comments in the forum - a lot of CANSLIM stocks are breaking out. So I have decided to concentrate on the big caps instead. Maybe less reward to risk ratio but as Jesse Livermore like to say & if you can,t make money out of the leading stocks, you are not going to make money out of the market as a whole. If you analyse correctly the course of two stocks in the prominent groups, you need not worry about what the rest are doing.8 I missed out on Microsoft in software but I got in with DELL and Compaq with computers. Computers can,t sell without microchips and I,m watching Intel waiting to buy it when it hits a new high. On another note the market dosn,t care about a higher interest rate, unsustainable GDP over 5% which is the growth of an Asian tiger, nor the low unemployment numbers. Bullish and long :-) Mail Document cc: __________________________________________________________________________________ May 5, 1997 4:30pm Warren Kent asks: This robust small and micro rally will be tested seveeerely before weeks end, yet the following did well today and most stocks below are under $20. (Don't buy until after the test.) Long and short bond rates converge by Halloween? Covered shorts have blossomed market upward today. I tried to post as many as I could. Techs may need another correction, but Russell 2000 seems to be breaking out, but not without an upcoming test. Therefore, if any attractive stocks could be culled from this list to jump into after the correction, please post. My guess is that a one or two point bump up today, may respond well by next week after a good shake up. Could a stale loaf of bread bounce up 3 points in today's market? Opinions are always welcome. =================================eof __________________________________________________________________________________ ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economic Reports Date: 05 May 1997 21:46:31 -0400 (EDT) >I am currently teaching at Nuclear Power School in Orlando. Welcome >aboard. The information you provided was insightful and appreciated. Look >forward to learning from you. Thank ya, sir! Pleased to make your e-mail acquaintance. I just hope I can muster up enough time to stay up with the correspondence on this list. So far it looks like everyone does their homework and contributes nicely to the discussion. I'm so glad there isn't any flaming, etc., that is sometimes seen on forums that are a bit more "open". What's your background (both investment & nuke stuff) if you don't mind my asking? Jack ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Surface! Surface! Surface! Date: 05 May 1997 21:55:54 -0400 (EDT) >Not too badly, still doing this investing stuff for a living. The >going has been a little rocky the last few months. Good to see you >resurface here on this list. The last one we were on was >appropriated by Lyndel Liming, who then started charging for it. Ugh! I thought about joining Liming's list, but I had a hard spot with the principle of sending in $10 or whatever it was for no ostensible reason. Someone else recently said shortly after Liming got renewals he shut down the list and never returned the money. What a jerk! The past few months have been hard (very reminiscent of Spring, 1994) but we've got some fireworks going now. > >You have resurfaced just in time for me to tell you that Marbury wuz >robbed by Iverson (the ball hog) in ROY voting. (I seem to recall >you are a Sixer fan.) Heh! Good memory. At least the "Sux-ers" won something this year. A good ball hog like Iverson doesn't come around very often. BTW, is Garnett old enuf to date women yet??? I'm beginning to think I should become an NBA coach. The Suxers just hired Larry Brown at $5mil/year, and there are rumors flying around that Pitino is going to the Celtics for the outrageous sum of $70 million for 7 years! Maybe he'll let me manage a portion of his portfolio??? . Check ya later, Jack ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economic Reports Date: 05 May 1997 22:13:57 -0400 (EDT) >Thanks for the intro. Most people on this list introduced themselves when >they signed on - so they're in the archives. Next week, I will be compiling >all the intros and sending them to another list member who is going to set up >a web page with them. In this way, we'll know what people's experience is. Sounds good! I'll look forward to seeing that when it's up and running. >You sound like you have a good base, and can contribute intelligently. Yup, I'm base building, trying to break out! :) As for my contributing? Yes. How intelligently remains to be seen. >FYI, I've been investing for 9 years. About 5 years ago I began a gradual >transitiion toward CANSLIM - which really isn't complete. Were you primarily a value oriented investor, a la Buffett, prior to your gradual Canslim "awakening"? While Canslim isn't perfect (nothing is), it does lend a much needed degree of timing to raise the efficiency level of one's portfolio. The time factor was always my biggest hardspot with value investing. I didn't want to wait 5 years on a stock to move only to find out I was wrong to begin with. >was '95 - I doubled my money. My worst year was '96. I took a 70% >loss on a stock that gapped down - and kept trying to make it back - rather >than putting it behind me. Yikes. I've made the same kinds of mistakes. Trying to tell the market who's right isn't good for one's ROI. I got hammered back in early 91 by making heavy option bets on the direction of "M" just prior to the outbreak of the Gulf War. Needless to say, I bet wrong and paid dearly. > I do use some Peter Lynch techniques as well, >in that I never by a stock that has 100 PE - no matter how good the CANSLIM >criteria I read Lynch's books shortly after I digested O'Neil's. __One Up on Wall Street__ was an easy read, but I found Lynch didn't get very specific with his rules, unlike O'Neil. Lynch talked in apple pie generalities which is fine if you have his Midas-like understanding of investing, but O'Neil gave me the necessary structure with which to maketimely buy and sell decisions. Cheers, Jack ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Possible BUYS? Date: 05 May 1997 22:12:17 -0400 Correct symbol is BAANF on NASDAQ, and got recommended by several houses today that I receive faxes from. Sorry about the error, tried to check my memory this am, but DG was down and had not time before work to resign on. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Dean Edwards > To: canslim@mail.xmission.com > Subject: Fw: [CANSLIM] Possible BUYS? > Date: Monday, May 05, 1997 9:58 AM > > Bannf has been mentioned in this forum already, at an Orlando conference > he hosted. I couldn't imagine O'Neil randomly selecting stocks. Quoting > Shakespere, I assumed that there was "method behind the madness" when he > named potential market winners in the next cycle. > I can't seem to get a quote or even buy BANNF. I have been trying to track > it, knowing it is the correct stock symbol. But for some reason I have > struck difficulties with my brokerage firm. Must contact them about this > matter. > > > From: Tom Worley > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Possible BUYS? > > Date: Monday, May 05, 1997 10:36 PM > > > > I think the symbol you are looking for on Bann is BANNF if memory > > serves me right, trading NASDAQ. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 06 May 1997 09:29:02 GMT+7 ** Reply to note from PPNewell@aol.com Mon, 5 May 1997 17:27:16 -0400 (EDT) > Being a software developer, I can tell you. Its way too expensive. Too pick > up an extra 10% of the market you have to spend 400x as much money. IBM > learned(matter of opinion) this lesson the hard way by chasing 1/10 th the > market share with 50x dollars. This is how Microsoft makes its money(so far) > by spending 1/10 the money on 1000x the market. I'm not sure what the Daily > graphs is based, love to know, but JAVA isn't the easiest to use for this > type application and not all the platforms are supported as well. E-Trade has a very nice Java based charting program on their site. I don't see why DG couldn't do something similar. I wonder if The Mac, Unix, & OS/2 users don't amount to more than 10% of DG's potential customers. Microsoft has a vested interest in supporting only the WinTel platform. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Too much up too soon? Date: 05 May 1997 22:49:41 -0400 (EDT) >Today the markets exhibited a spectacular run up. >I am not complaining because that helps my portfolio, however >should we be worried about this run-up? Yes, we should worry. Worrying is healthy wrt investing. It shows we're on top of the situation and not complacent. A healthy dose of skepticism is good for the soul and the portfolio (except when it comes to your wife... don't try skepticism at home folks!). On a more serious note, it's natural to expect some sort of consolidation shortly. We'll be running up against some overhead resistance on the Nasdaq and Russell soon. The secret to determining the health of the previous rally is to study the following consolidation. Is it well behaved? Is it on lower volume? Do the leading stocks remain above their pivots? If you're worried about losing too much profit in any follow-on correction, take some profits in a couple of your positions and lock 'em in. That way you'll have some cash to dump into any subsequent rallies after the next normal consolidation period. If there is no subsequent rally and we come crashing back down, you'll at least have made some money. It's very frustrating to watch all of your profits evaporate quickly. That scenario is the equivalent of a deer frozen in oncoming headlights. Once you're stunned, it's hard to act quickly to extricate yourself from a perilous situation. Which positions would you consider selling? How 'bout one that's marginally profitable and one that appears grossly extended relative to its historical norm? Maybe sell 20% of your overall portfolio and wait for the next base. Or, if you're an investor that has a hard time deciding which positions to sell when, you can try reducing your exposure in all of your positions by some nominal amount. This is the kind of thought process I use when managing my portfolio. It may or may not work for you based upon your investment time horizon/psychology. >(the news-media always has a justification >for every movement , howsoever ridiculous at times). Yeah, too bad all of their justifications are always after the fact. Even then they don't have 20/20 hindsight! Regards, Jack ------------------------------------------------------------------------------- From: Leslie Payne Subject: Re: [CANSLIM] ASTSF Date: 05 May 1997 19:48:52 -0700 (PDT) ---Brenda wrote:Earnings should be out soon. I am hoping this has caused this recent interest. > > Up 2 3/8 on HUGE vol for THAT stock. Been in my top five picks for a long > time! > > > _____________________________________________________________________ Sent by RocketMail. Get your free e-mail at http://www.rocketmail.com ------------------------------------------------------------------------------- From: GoldFish Subject: Re: [CANSLIM] When to sell? Date: 05 May 1997 22:46:11 -0700 Hi Folks: Go to page 133~135 of his book (1st Edition) and study his trading pattern, you will discover that he traded in the following way: 1) make a profit and run when it is above 20% or more (some is around 15%) 2) majority of his holding period is 1~2 month In fact, you can make a histogram of his holding period and return profit to get a better idea. Have a profitable month! -- GoldFish "Every stock is a bad stock..." ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: [CANSLIM] NATL Date: 05 May 1997 23:32:12 -0400 (EDT) Since others have posted quite a few CANSLIM candidates, I'll keep this list short. If I'm not mistaken, I don't think anyone has posted NATL as one to watch, so I'm putting it on mine. NATL is not a CANSLIM purist play as it trades for well under $12/share ($5 & change), and the "C" in CANSLIM is shady at best. It's more of a CANSLIM- turnaround play. EPS-wise it shows well over the past year and postivie EPS growth should continue (according to Zacks). TTM P/E is at a significant discount to its industry group, so there's plenty of room for multiple expansion (P/E approx 14). Technically, I love this kind of chart. There is some long term overhead resistance at 8 to 10 bucks a share, but if it should broach that area the sky is the limit. At any rate, short term there's still good profit potential (50%) from 5 to 8 bucks a share. I'll worry aobut the overhead later if and when I've got the 50% under my belt. NATL broke out of its base today but is still well within striking range of its pivot. I plan to buy on strength tomorrow should we continue to rally. BTW, anyone with real time quotes ever notice how the market loves to reverse itself after the first half hour of trading during the day? In a weak trending or non trending market, it's amazing how the big money comes in to fade the trend of the first half hour. I see it as just another case of the institutions slapping around the little guy who loves to buy inflated ask prices (or sell at depressed bids) at the open. I tend to wait until 10am (Eastern) to make my first buys in order to side-step this annoying phenomenon. On the other hand, you know you're in a strongly trending market if the first half hour comes and goes with nary a nudge to the market's inertia. Jack ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Elaine on CNBC Date: 06 May 1997 07:10:13 -0400 I don't attempt to assimilate comments reported as hearsay and third hand by the media. Sure, it makes a nice story, which is all the media cares about. Personally, I don't believe the story, unless he was referring to all the political BS that hike caused him, taking up his time dealing with congressional idiots that wouldn't recognize "I.N.Flation" unless it registered and voted for him. There was adequate evidence to justify the hike at the time, and sufficient data subsequent to show it was justified, even to the point that a heavy concensus was expecting a May hike. To date, we have had part of one month's economic reports showing that inflation has not escalated out of control, but still showing growth running ahead of any modeling. Let's see if the next few months show growth slowing, otherwise I remain confident we will see sig increase in labor costs, among other things. Once again I can only admire Garzarelli's creative number crunching - 25% from peak to bottom - uh, guess I learned a different math than she did. Granted some groups like the networking ones dropped over 50%, but I find no major mkt measure that dropped anywhere near 25%. A move to 7600 doesn't sound all that exciting to me, unless we are going to do it by June, and take the rest of the year off. I believe I forecast a high somewheres around 8200 or 8300 for this year, and haven't backed off that as of yet. Of course, I was about a month early on my forecast of breaking 7000, so my timing is probably off. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Elaine on CNBC > Date: Monday, May 05, 1997 4:28 PM > > For those interested her basic comments were as follows: We have actually > been in a bear market with from peak to bottom showing a 25% decrease with > many of the stocks dropping 40,50 $ 60%. Current Newsweek quotes Greenspan > as admitting that he may have made a "MISTAKE" in raising the interest rate > in light of the numbers coming out. She sees this now as a brand new BULL > Question for you Tom. If you have backed Mr. Greenspan, have stated > you think he was correct in his raising the interest rates, think they > should be raised again but maybe not now - How do you stand with his > comments that HE said he may have made a mistake? Is Mr. Greenspan now > wrong with what HE says about what he did? Just wondered how you assimulate > his latest comments. > James ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Too much up too soon? Date: 06 May 1997 07:22:14 -0400 The rapid runup has been fueled by a number of causes, the following I believe to be significant: lot of cash building up on the sidelines waiting for an end to the correction far better than expected employment cost report, along with several other non-inflationary reports, shifting the sentiment away from expectation of a rate hike to expectation of no hike exceptionally strong corp profits in Q1, far better than anticipated (read report last nite that earnings were up over 16% year to year, analysts had expected much less, and this was well ahead of recent qtrs) market generally was oversold, but tech stocks were the most oversold, leaving that much more room for move to the upside (note how NASDAQ has outperformed the big caps/NYSE and how Russell 2000 has outperformed even NASDAQ, when's the last time you remember seeing that?) Now for the real question, how long can it continue? Yesterday was impressive for the amazing breadth of the move as much as the size. Second highest volume day for NASDAQ in its history. New highs on both exchanges substantially surpassed new lows, up/down vol ratios I haven't seen in months. How much of this was short covering? I doubt very much, we have gone a long ways with this "aging" bull (and Garzarelli is full of bulls__t, it ain't a new one!) and virtually every month we see a new record high on nr of shares sold short. No reason to think they will pack up camp here. On the other hand, are we due or overdue for some profit taking and consolidation? You bet, in fact things are happening so fast it's hard to take it all in, so wouldn't mind a little cooling off period. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: [CANSLIM] Too much up too soon? > Date: Monday, May 05, 1997 4:28 PM > > Today the markets exhibited a spectacular run up. > I am not complaining because that helps my portfolio, however > should we be worried about this run-up? should we be concerned that > it may come down rapidly as it went up; not even sure if the move > can be rationally justified (the news-media always has a justification > for every movement , howsoever ridiculous at times). > Does the run up look healthy or suspicious? why? > Thanks > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Brian Nash Subject: RE: [CANSLIM] Small and micro stocks to sift through before next Date: 06 May 1997 06:33:55 -0700 Just looking at one from your list: Not a CANSLIM stock, but just an observation on a stock I have been following - WTSLA has made probably 4 round trips between 20 - 26 since last fall. It closed above 26 yesterday. If the pattern holds, it should fall today. > ---------- > From: OWENTIME@delphi.com[SMTP:OWENTIME@delphi.com] > Sent: Monday, May 05, 1997 6:05 PM > To: canslim@xmission.com > Subject: [CANSLIM] Small and micro stocks to sift through before > next rally > > May 5, 1997 4:30pm Warren Kent asks: > > This robust small and micro rally will be tested > seveeerely before weeks end, yet the following > did well today and most stocks below are under $20. > (Don't buy until after the test.) > Long and short bond rates converge by Halloween? > Covered shorts have blossomed market upward today. > I tried to post as many as I could. Techs may need > another correction, but Russell 2000 seems to be > breaking out, but not without an upcoming test. > > Therefore, if any attractive stocks could be culled from this list > to jump into after the correction, please post. > > > My guess is that a one or two point bump up > today, may respond well by next week after > a good shake up. Could a stale loaf of > bread bounce up 3 points in today's market? > > Opinions are always welcome. > > Is this a rising tide that is simply raising all boats > or are CANSLIM small cap stocks good for a summer rally hidden > somewhere in this list? > > > ADEX: Discussed last week > ATVI > BELF PAMC > BILL PCTL > BMPE PEGA > CLSR PTEC > CMOS PUCK > COHU RATL > EGGS SERA: discussed last week > ELINK SMTL > ESST SQNA > EVNSF STDM > FINL SYSF > GLEX THOM > HCBK TLXN > HMTT TTRR > HTBBG UACA > IBIS VSGN > INAC VSNT > INLK WANG > INSO WCII > INTS WELL > IPEC WRSI > ITDS WTSLA > KIDS XCIT > XION > MAST ZEUS > MISI ZRAN > MRRW > MSIX > NCOG > NMCG > NXTL:No earnings but owns patents on cell phone technology > ORKBF: Mentioned last week. > > =================================eof > ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Another Breakout ADEX Date: 06 May 1997 09:37:56 -0800 > From: Peter Christiansen > > I am happy to post them if someone finds it worthwhile. Let me second that, thanks for the heads up on ADEX. I was curious, what time of day, and what day, are you watching the markets over here? What time is it there when the markets open here on Monday morning, for ex? ------------------------------------------------------------------------------- From: PPNewell@aol.com Subject: Re: [CANSLIM] When to sell? Date: 06 May 1997 13:17:45 -0400 (EDT) In a message dated 97-05-06 00:35:32 EDT, you write: Wish he had posted his transactions after he decided to hold longer for powerful stocks or did I miss something? Thanks, Peter Newell << Go to page 133~135 of his book (1st Edition) and study his trading pattern, you will discover that he traded in the following way: 1) make a profit and run when it is above 20% or more (some is around 15%) 2) majority of his holding period is 1~2 month In fact, you can make a histogram of his holding period and return profit to get a better idea. Have a profitable month! -- GoldFish "Every stock is a bad stock..." >> ------------------------------------------------------------------------------- From: PPNewell@aol.com Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet Date: 06 May 1997 13:27:43 -0400 (EDT) In a message dated 97-05-05 23:29:57 EDT, you write: << E-Trade has a very nice Java based charting program on their site. I don't see why DG couldn't do something similar. I wonder if The Mac, Unix, & OS/2 users don't amount to more than 10% of DG's potential customers. Microsoft has a vested interest in supporting only the WinTel platform. >> I'm not disagreeing, just saying it's a little easier said than done. I wonder what WON thoughts are on having this as a web based app. Could do a lot of cool things with this data like watchlists with alerts etc. Auto updates for charts vs waiting for them etc. Peter Newell ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Daily Graphs Date: 06 May 1997 11:47:02 -0500 To You EXPERIENCED already DG users! OK! Signed on for the first time. Printed lists of all stocks timeliness A, all stocks moving up in timeliness, all stocks REL A, top industry groups. have taken ALL lists and added any stock I did not have on my TC2000 base to it. (WOW- was I surprised) Thought my base was fairly full. Had to add 125 stocks at $.39 each. However, if find just ONE stock I would not have otherwise found well worth it. Now, heres the question. Knowing what you now know. Go back to when you first signed on. How would you approach Daily Graphs. I do not have capability for downloading anything - Got MS Works, Quattro Pro, and I don't know what else. Just interested in what would be your second and third steps. I am going to be a LITTLE busy now going back through about 500 stocks and looking at graphs. Just want an idea of what is the easiest way to attack DGs next. Thanks for any help you might be able to offer. (ECP up pretty good right now) James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] BTGC Date: 06 May 1997 11:49:04 -0500 What's happening with BTGC? James ------------------------------------------------------------------------------- From: PPNewell@aol.com Subject: Re: [CANSLIM] ASTSF Date: 06 May 1997 13:30:35 -0400 (EDT) In a message dated 97-05-05 23:47:23 EDT, you write: Does this fit any sell criteria? Still hurting since I decided to pass on it because it was a)extended b)had no earnings est's. > Up 2 3/8 on HUGE vol for THAT stock. Been in my top five picks for a long > time! > > > >> ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] SDW Date: 06 May 1997 13:38:25 -0500 Got no numbers except graph "shape". Had noticed stock was in "free parking" - walking along 50 dma but let it get away from me. Jumped yesterday right out of free parking and today at 1:30 PM CST is up another 1 1/8 on 95,800 shares. Too late? Who knows? TKR up 1 1/4 on 190,000 - Campbell Soup has fallen over 2 on 824,000 shares. ALTR at low for the day down 1 1/8. Got 125 stocks to look at later from list of 500 gotten off of DG this am. Will have to look at tonight with another day's activity. Use this info if you can. James ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Daily Graphs Date: 06 May 1997 13:55:29 -0400 brenda-james asks: > How would you approach Daily Graphs. i know the big O likes to concentrate on timelines, but i prefer to start w/ the top 100 R and top 100 E stox, usually on p 11 of both the green and blue books -- after digesting those, i often tend to browse a bit, looking for heavy insider buying, stox w/ good fundies and low PEGs, charts showing accumulation and so forth, especially in the top G stox mike ------------------------------------------------------------------------------- From: tbanerje@siac.com Subject: [CANSLIM] [Fwd: CANSLIM] Date: 06 May 1997 15:50:24 -0400 This is a multi-part message in MIME format. --------------CF12BDC3FD9 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit I just saw this posting in 'misc.stock' newsgroup. I am curious to see their canslim pick. It also may be of your interest. Thanks, - Tapas -- Tapas Banerjee email: tbanerje@siac.com --------------CF12BDC3FD9 Content-Type: message/news Content-Transfer-Encoding: 7bit Content-Disposition: inline Path: bigmouth.siac.com!pub.siac.com!news.sprintlink.net!news-pen-16.sprintlink.net!news-pen-4.sprintlink.net!news-east.sprintlink.net!news-dc-26.sprintlink.net!news-peer.sprintlink.net!news.sprintlink.net!Sprint!news.maxwell.syr.edu!supernews.com!news Newsgroups: misc.invest.stocks Organization: All USENET -- http://www.Supernews.com Message-ID: <336E646A.6462@imfnet.com> Reply-To: whford@imfnet.com NNTP-Posting-Host: 207.113.131.17 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-Mailer: Mozilla 3.0 (Macintosh; I; 68K) I studied and used the C-A-N-S-L-I-M(c) stock selection method developed by William O'Neil(c), (owner and publisher of "Investor's Business Daily(c)" newspaper and "Daily Graphs(c)"), for a good while because it was based on strong fundamentals which I thought appropriately made a nice fit with my own technical analysis. While it always includes the most profitable stocks with the lowest risk/reward, it left me with usually too many stocks,(sometimes 200 or more), to choose from and many times getting myself into situations where I had to dump the stock shortly after takeoff because of the recommended stoploss. Even as a technician I found it no easy task to search for the subjective chart patterns which his method utilizes. If you are going to invest mechanically and get the emotion out, you have to be absolute on your rules and O'Neil's fixed percentage exits, while great for higher priced issues, were devastating on lower stocks because those kinds of fluctuations can and do occur in a single day. It's one of the reasons that O'Neil recommends higher priced, "quality" stocks. The other problem I had was that following his logic I would get into an issue reasonably later in the game after the stock had made a substantial part of its move. Now, from O'Neil's teachings we know that this is no problem because stocks that go much higher will always pass through the 80% Relative Strength line on their way to doubling again or more. That too is true, but with so many CANSLIM picks odds are you aren't going to be riding those horses when you get mounted. I had been writing my own stock analysis and trading programs for S&P,(and just about every other market you can think of), for my own trading for almost 15 years and intuitively I knew that what O'Neill was doing was sound, but it was difficult for us "normal", (3K to 150K) investors to administer without getting churned to death. I had worked it with optionable higher priced stocks sucessfully, but that also is not a game for the usual conservative investor. You really have to know what your are doing or you ARE going to get burned fast. Being a reasonably intelligent guy I figured I must be able to beat 90% of the other folks out there...and I did. Trouble is, it became like a full time job for me and it wasn't fun anymore. I took O'Neil's principles, did some modification to the selection criteria in allowing for a lower RelStr reading which got you closer to the takeoff point and then developed a purely mechanical system which allowed me to use O'Neil's own resources, to "fast scan" the newspaper-not the "daily graphs", once a week in ten minutes and only come up with three to five excellent choices which automatically met the majority of his selection criteria which would be 80% winners. I then developed a purely mechanical method for exits which would allow me to have my protections in place so I could get the risk/reward ratio up over 8 to 1 and still work with lower priced issues which have more opportunity for doubling and and takeovers. The result was a system I have traded for myself for 6 years and which has generated over 200% a year each year. For more info, or a free password to the selections as they are made each week can be obtined from our website http://www.imfnet.com/pitbull/door2.html --------------CF12BDC3FD9-- ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] [Fwd: CANSLIM] Date: 06 May 1997 18:05:45 -0400 tbanerje@siac.com writes: > I just saw this posting in 'misc.stock' newsgroup. I am curious > to see their canslim pick. It also may be of your interest. it's the same old pitbull spam tapas -- for a fee some guy named ford will sell you his pix, his system, and his shills telling you how great it all is -- please not here mike langston ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: [CANSLIM] If you have opinions on small and micro rally stocks Tuesday? Date: 06 May 1997 18:04:16 -0400 (EDT) More ideas for small cap \ mid cap breakouts? If anyone knows where I can find online charts for these, please post; or if you identify a good cup with a handle forming then please post. AQUWAX SUPC CMDL SUPUV CNMD SWLDY CORR SYSF COTL TEAM DLTK TESS GNEZ TRDT GMGC TRON GRAN TTNPU IMKEU TYFC IMSC UDCI IPIC VARS: (Why up 4??) ISCX VERS ITGI VSGN IVCR WCTT KRON WTZRA LADF XNET LCBM ==================eof LDRY LNDC LPRO MBBC MCLD MICRW MNYCP MTRO NEOM NHCI NSCF OCOM OGNB OMKT ORPH PHSV ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] TSK Help! What do I do with this? Date: 07 May 1997 05:40:32 GMT+7 I have never had a stock shoot up as fast as TSK is. It is up over 25% in three days. Anybody have any suggestions on whether to hold it or take the money and run? Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ket. I'm not sure what the Daily > graphs is based, love to know, but JAVA isn't the easiest to use for this > type application and not all the platforms are supported as well. E-Trade has a very nice Java based charting program on their site. I don't see why DG couldn't do something similar. I wonder if The Mac, Unix, & OS/2 users don't amount to more than 10% of DG's potential customers. Microsoft has a vested interest in supporting only the WinTel platform. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: Dan Sutton Subject: [CANSLIM] Re: PitBULL system Date: 07 May 1997 05:56:01 -0700 In response to the post from tbanerje concerning the ad left on the "misc.stock" newsgroup,"been there, done that". The post and URL address is from Henry Ford who sells the Pitbull stock sytem that is heavily advertised in many investment magazines. I am an absolute sucker for this type of ad and about a year ago subscribed to the PitBull system. I paper traded exactly as suggested in the manual for several months, and had disappointing results at best. I ended up subscribing to TELESCAN in an effort to more effortlessly scan the candidates that the PB system came up with. EXTENSIVE backtesting using criteria E-mailed to me by Mr Ford confirmed my suspicions...you still have to do a lot of homework on the candidates that are recommended, just as you do with CANSLIM. I know that last year was dismal for High Growth/CANSLIM stocks so perhaps the 1 year test was a failure due to market conditions, however the backtests I performed were always for 50 to 100 stocks and the basket always underperformed the market. There were definately winners in the group, but there were also always huge losers and frankly I could not differentiate between the two at the time of purchase. I will say that when I requested a refund, there were no questions asked and I received a check in the mail within days. I can't say that the system is an absolute failure because any newsletter, stock system or tip always depends on many personal factors including timing ,risk level, interpretation of the system, etc. However, my experience with the Pitbull system was far from what is touted in the ads. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] AGI Date: 06 May 1997 19:43:38 -0500 Stock won't ring my bell BUT, sort of cup, sort of handle (lots wrong with both) BUT... did hit new high, great vol increase, on a day that most stocks were NOT doing their thing and under ten dollars. Use it if you can. James ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] If you have opinions on small and micro rally stocks Tuesday? Date: 06 May 1997 21:37:46 -0400 (EDT) >From: OWENTIME@delphi.com: >If anyone knows where I can find online charts for these, >please post; or if you identify a good cup with a handle forming >then please post. Try www.wallstreetcity.com for charts and other stuff. The basic services are free, and you can pick from various time frames for chart viewing. Another chart site is www.lombard.com. They require you to register, but registration is free and chart time frame is completely user-configurable. Trader Jack ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] TSK Help! What do I do with this? Date: 06 May 1997 21:51:56 -0400 (EDT) >From: Peter Christiansen : >I have never had a stock shoot up as fast as TSK is. It is up over 25% in three days. >Anybody have any suggestions on whether to hold it or take the money and run? What else are you holding and how are those issues doing? How have you done overall for the year? If you're up across the board, I'd hold TSK and enjoy the ride, possibly selling half when the near term momentum exhausts itself. If I'm holding other stuff and want to try for a longer term gain in TSK, I'd take profits in one or two of my other positions that don't look as strong as TSK. The last time TSK launched itself, it rose 50% in 1 1/2 months before it settled into a 6 month correction. Whether to liquidate or not is situationally dependent. You need to assess your objectives and weigh those against your current year performance. Only then can you decide if you should jump ship or assume the risk of letting your profits run. Trader Jack ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] More Stocks To Look At Date: 06 May 1997 20:19:45 -0500 OK Group, Eyes are blurred from looking at charts but will try to touch type. This is more like I prefer it in as much as seeing stocks headed in the right direction. However, it concerns me at the number and overabundance ALL OF A SUDDEN. "Things" didn't just MAGICALLY get all better. But, when a train is headed north and that is the direction I want to go, I'm not going to question the conductor or if he is using the right type of fuel. So, for now, I'll go along for the ride. Downloaded a LOT of new stocks tonight and placed into one of my holding tanks to watch daily. There are way too many that have my "eye" to list here. I will list those which I like the most "at this particular time". Use the info if you can. Those I like are: ASTSF, ECP, CPWR, DF, EPG, GLX, GBE, IBC, RAYM, SVM, TKR, USLD, UHS, VC, WLA, ALTR (All of the previous are already on and have been on my infamous Wall Chart). The next group are in a holding tank and some will be moved up. I know stories on some of them and some I have no idea how their other numbers will check out. I just know that "at this moment" their graph (aka price pattern) interests me. They are: ABF, CREAF, ALF, CGN, CLCX, MSTR (insiders did a lot of buying at $18), PARL ($2.88), SMG and TBR (at $118 traded over 3 mil shares). Not MY aunt doing all that buying on that one. Yours got that kind of funds? Use this info if you can. Seeing a lot of recognizable shapes forming BUT most have already broken out. IMHO, MOST will come back. James ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Too much up too soon? Date: 06 May 1997 22:37:49 -0400 Another nice post, Tom. Thanks, helps to bring it all into perspective. Great. Thank you. Regards, Craig At 07:22 AM 5/6/97 -0400, you wrote: >The rapid runup has been fueled by a number of causes, the >following I believe to be significant: > lot of cash building up on the sidelines waiting for an end to >the correction > far better than expected employment cost report, along with >several other non-inflationary reports, shifting the sentiment away >from expectation of a rate hike to expectation of no hike > exceptionally strong corp profits in Q1, far better than >anticipated (read report last nite that earnings were up over 16% >year to year, analysts had expected much less, and this was well >ahead of recent qtrs) > market generally was oversold, but tech stocks were the most >oversold, leaving that much more room for move to the upside (note >how NASDAQ has outperformed the big caps/NYSE and how Russell 2000 >has outperformed even NASDAQ, when's the last time you remember >seeing that?) > >Now for the real question, how long can it continue? Yesterday was >impressive for the amazing breadth of the move as much as the size. >Second highest volume day for NASDAQ in its history. New highs on >both exchanges substantially surpassed new lows, up/down vol ratios ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] TSK Help! What do I do with this? Date: 06 May 1997 22:11:12 -0400 Peter, Congratulations. Nice problem to have. But no easy suggestion. If you know what is driving it (news? earnings? group strength? etc..) - sometimes that helps me decide. What I would do is review the selling pointers in O'Neil's book (on page 103 in the second edition). There are 36 pointers there on selling, as well as 8 pointers on "When to be Patient and Hold a Stock". Generally you will find several of the selling pointers that apply when it is time to sell (instead of just one or two). Hope this helps. Regards, Craig PS. You can always do the "sell 1/2 at 25%" gambit and lock in some profit if you want. At 05:40 AM 5/7/97 GMT+7, you wrote: >I have never had a stock shoot up as fast as TSK is. It is up over 25% in three days. >Anybody have any suggestions on whether to hold it or take the money and run? > > > >Peter Christiansen >Bangkok, Thailand > >Connected with OS/2 Warp 3.0 & The Post Road Mailer >___________________________________________________________________________ __________ > > ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] More Stocks To Look At Date: 06 May 1997 23:17:39 -0400 James, Just thought you would find it interesting that many on your holding tank list are/have been on my "favorites" list as well. FWIW, those on both our lists are CREAF (missed the b/o somehow), CLCX (passed due to market), MSTR (passed but cannot remember why), and ALF (bought this one yesterday). Craig You wrote: >I just know that "at this moment" their graph (aka >price pattern) interests me. They are: ABF, CREAF, ALF, CGN, CLCX, MSTR >(insiders did a lot of buying at $18), PARL ($2.88), SMG and TBR (at $118 >traded over 3 mil shares). 1111 ------------------------------------------------------------------------------- From: "Fred J. Sabour" Subject: [CANSLIM] Sell Signals Date: 06 May 1997 20:22:03 -0700 Tonight I'm getting a bunch of technical SELL signals (all short term = 1-9 days) on some of this groups favorites. Thought I share them with = you. Here we go : INVX (top of the list !!) CSCO DELL HWP Please do your own analysis before buying those low price puts :-) Fred ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Sell Signals Date: 06 May 1997 23:29:23 -0400 > Tonight I'm getting a bunch of technical SELL signals... > CSCO fundies too fred -- CSCO didn't beat concensus estimates, down 3 in after hours trading -- who knows, depending on the spin doctors' take it might even be enuf to spark a mild nasdaq retracement at the open tomorrow mike ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] If you have opinions on small and micro rally stocks Tuesday? Date: 06 May 1997 23:23:17 -0400 There are so many online free charting sites it's hard to believe you haven't found some already. Mentioned here is signing up for the beta testing of Daily Graphs Online. Since all of the file you apparently downloaded from somewhere is NASDAQ, why not just go to the NASDAQ site and look at the charts? There's two for starters. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: OWENTIME@delphi.com > To: canslim@xmission.com > Subject: [CANSLIM] If you have opinions on small and micro rally stocks Tuesday? > Date: Tuesday, May 06, 1997 6:04 PM > > More ideas for small cap \ mid cap breakouts? > If anyone knows where I can find online charts for these, > please post; or if you identify a good cup with a handle forming > then please post. > > AQUWAX SUPC > CMDL SUPUV > CNMD SWLDY > CORR SYSF > COTL TEAM > DLTK TESS > GNEZ TRDT > GMGC TRON > GRAN TTNPU > IMKEU TYFC > IMSC UDCI > IPIC VARS: (Why up 4??) > ISCX VERS > ITGI VSGN > IVCR WCTT > KRON WTZRA > LADF XNET > LCBM ==================eof > LDRY > LNDC > LPRO > MBBC > MCLD > MICRW > MNYCP > MTRO > NEOM > NHCI > NSCF > OCOM > OGNB > OMKT > ORPH > PHSV ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economics and the Market Date: 07 May 1997 00:25:58 -0400 Well, while my 12 hour days at work (don't ya just love these busy crazy days in the mkt, makes my job a whole lot busier, thanks a lot!) still continue, my duties as the point man for representing about 200 really P.O.'d shareholders of a penny stock whose trading was halted by the SEC is winding down, so hopefully can spend some more time here. Getting home at 9:30PM or later, and having over 50 emails waiting is getting old, then getting up at 5AM or so and having another 20 or so to digest and/or respond to, my fingers are wearing out! In any case, the anti-Fed hike coalition got another boost today (quiet, James, do your celebrating on your own time, I'm talking here!). While it seems that the economists at many major wirehouses are still expecting a 25BP hike at the meeting starting May 20, the reports still coming out do give Greenspan an "out" to not raise. Today, economic reports included: factory orders - down 1.6% in March; largest drop since Aug 96; first drop in three months; and February revised downward to up 0.4% from originally reported as up 0.8%. NAPM - sees net rise in labor costs for 1997 as 2.4%; estimate is below that developed as of end of 1996 for year long 1997; prices paid for materials during first four months of 1997 DECREASED 0.2% and NAPM expects overall for 1997 materials costs will only grow by 0.7%; operating capacity utilization dropped slightly; and expectation is for more growth in exports than imports despite the strong dollar. Anybody notice yesterday that the rally in the STOCK mkt was credited with causing a rally in the BOND mkt? When's the last time you remember that happening? Anybody notice that the Japan mkt blew threw the 20K level yesterday, and was expected to hold above that point and consolidate tonight? Credits go to the strong US mkt, as well as AN IMPROVING JAPANESE ECONOMY and lesser concerns about non-performing real estate loans held by their banks. Anybody notice that just as we are further politicizing the role of the Fed Reserve, England is in the midst of granting their monetary policy decision makers total independence from the political system? I guess with the last several record setting days, I can definitely claim kudos for calling the end of the correction, wish I had called the start of it better, tho, might have had some cash to use when it reversed. Anybody notice that Hadco seems to have quietly killed plans for its secondary, been well over two months since first announced, meantime stock has consolidated and moved back to 53. Was one of four added by UBS Securities to their buy list tonight. Thought I had the other three as well, but my printer at work seems to have eaten it, hate it when that happens. Oops, my apologies (will probably pay for it anyway) just found the list, the other three were Solectron (SLR); Sanmina (SANM); and SCI Systems (SCI). All were initiated with a buy rating, in Hadco's case they are estimating earnings of $3.30 this year and 3.95 next year. On SLR the est is for 2.73 this year and 3.49 next. Anybody notice that of the 10.84 that the Dow 30 added for the close, PG accounted for 7.22 of that. Still, was a positive day with good breadth on both major exchanges esp after last week's runup. A lot of the big caps saw some profit taking, esp with the techs and their big runup, but the financials stepped in and had a good day, and the Russell 2000, while down slightly by the close, still substantially outperformed NASDAQ. Anybody notice the insider trading report in WSJ? Big winner was Clarify, with one insider buying 517K shares ($3.6 mil worth) followed by Grand Casinos with a 300K share buy ($3.07). Bottom fishing on fallen angels, or is there something we should know about? I don't know if the mkt is overvalued, but strongly expect it is overbot right now, reacting to a variety of factors not the least of which was how oversold it was just a few days ago. The "balanced budget" pact on Friday clearly helps, and also gives Greenspan another out for not raising since he had made it clear that in the absence of a balanced budget he saw little choice but to raise rates. S&P PE, after threatening to fall solidly below 19, now at 21.42. A year ago it was 18.85. Earnings appear to me to still be coming in better than expected by a wide margin. Most notable for afternoon reports was Thermedics, reporting 56 cents against estimates of 17 cents (no, not my typo at any rate, didn't have time to investigate, but doesn't sound possible). Hope all this totally unrelated, and mostly trivial, thinking out loud helps some of you. My position remains that a 25BP hike in two weeks is a possibility, but we are running out of economic reports to give Greenspan the "necessity" of raising, and I think the increasingly hostile political atmosphere may lead him to holding steady in May. Right now, I'm prepared for a hike, but betting on no change. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Surface! Surface! Surface! Date: 06 May 1997 13:14:59 -0800 > From: investor@yvv.com (Trader Jack) > > Ugh! I thought about joining Liming's list, but I had a hard spot with the > principle of sending in $10 or whatever it was for no ostensible reason. Not only that, but it was a pretty dead list, and I was the only one making stock picks, so the idea of paying money to post picks for other people somehow didn't appeal to me. > Heh! Good memory. At least the "Sux-ers" won something this year. > A good ball hog like Iverson doesn't come around very often. BTW, > is Garnett old enuf to date women yet??? I don't think he or Marbury can vote yet, but for the first time in 8 years of the franchise, at least they have a promising future. > > I'm beginning to think I should become an NBA coach. The Suxers just > hired Larry Brown at $5mil/year, and there are rumors flying around that > Pitino is going to the Celtics for the outrageous sum of $70 million for 7 years! > Maybe he'll let me manage a portion of his portfolio??? . Just to make this somewhat stock related, I noticed that the stock with the greatest rise in volume on the NYSE was the Boston Celtics LP, presumably on the Pitino news. I think Brown might be worth 10 or 15 wins to the Sixers next year. Glad him and Pitino are going to the East, where the Wolves don't have to compete with them directly. (As I'm typing this, Pitino is holding a press conference accepting the Celtics job. 2 very high draft picks, theirs and Dallas' pick, plus Pitino, could be a big turnaround next year.) For anyone else who made it this far - Cisco reports earnings shortly, be a stock to watch at the open tomorrow. CNBC had someone on who seems to actually know what he is talking about (James ???, profiled in Fortune I think?) who expects a small stock rally for rest of year, said small stocks have essentially had a one year long bear market, bullish on the tech stocks, said he is long the Russell 2000 index just in case the stocks he buys don't participate in the rally. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] TSK Help! What do I do with this? Date: 06 May 1997 21:23:16 -0400 Party hearty, then flip a coin. Or else, decide if you now have more money at risk in a single position than you normally risk. If so, then sell part or all. If not, follow WON's rules and hold on for at least 8 weeks or conditions change. BTW, congrats, didn't think the little fella had it in him! And Peter, I'm disappointed, I looked forward to your sayings in your signature block! It's blank tonight, what happened? tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Peter Christiansen > To: CANSLIM > Subject: [CANSLIM] TSK Help! What do I do with this? > Date: Wednesday, May 07, 1997 1:40 AM > > I have never had a stock shoot up as fast as TSK is. It is up over 25% in three days. > Anybody have any suggestions on whether to hold it or take the money and run? > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Sell Signals Date: 06 May 1997 23:32:55 -0400 CSCO off two pts in aftermkt trading after reporting earnings after the close on target with estimates. Group looked weak today and somewhat yesterday after a big runup last week, so would not be surprised at a group wide selloff/profit taking rest of this week. However, there is still growth there, CSCO had previously indicated that its historic growth of 50% was shifting to the 30% level (only 30%!), so some adjustments may be in order and some sideways movement while the group consolidates the recent gains, but the group isn't dead yet. Personally, I though INVX's performance today was stellar in the face of strong NASDAQ profit taking. I look for it to continue up from here. If I had the brains gave geese, I would either own it or its options from around the $30 level. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- Tonight I'm getting a bunch of technical SELL signals (all short term 1-9 days) on some of this groups favorites. Thought I share them with you. Here we go : INVX (top of the list !!) CSCO DELL HWP Please do your own analysis before buying those low price puts :-) Fred ---------- ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] More Stocks To Look At--ACRT Date: 07 May 1997 00:00:41 -0400 (EDT) Not sure if anyone has mentioned this one yet, but check out ACRT. Nice re-acceleration in EPS (reported 0.08 vs. 0.03 as of 1 May 97). Chart is an eye-pleaser on both a 1 year and 5 year basis. ACRT looks like it's working off the last vestiges of overhead at $14 after gapping out of its 8 week base when it reported earnings on 1 May. Earnings growth is fueled by revenue increases. Institutions aren't into this one heavily yet (only 4% of shares outstanding). No debt to speak of. Value ratios are lousy, but momentum takes precedence. Zacks doesn't cover it yet, so no earnings projections going forward. Nasdaq & RUT.X look somewhat toppy short term here. I see risk down to 1260 on Nasdaq and roughly the 350 area on the Russell. If we pause here long enough (a week or two) without getting volatile to the downside, many of the current leaders should give us a second chance entry point. I'd be happy to see a little consolidation to put some "meat on these chart bones" as I can't justify buying into beanstalk charts. Of course, I'm describing a perfect world which the market rarely subsidizes, muhahaha..... Trader Jack ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] More Stocks To Look At--ACRT Date: 07 May 1997 18:26:51 GMT+7 ** Reply to note from investor@yvv.com (Trader Jack) Wed, 7 May 1997 00:00:41 -0400 (EDT) > Not sure if anyone has mentioned this one yet, but check out ACRT. Nice re-acceleration > in EPS (reported 0.08 vs. 0.03 as of 1 May 97). Chart is an eye-pleaser on both a 1 year and > 5 year basis. ACRT looks like it's working off the last vestiges of overhead at $14 after gapping > out of its 8 week base when it reported earnings on 1 May. Earnings growth is fueled by > revenue increases. Institutions aren't into this one heavily yet (only 4% of shares outstanding). > No debt to speak of. Value ratios are lousy, but momentum takes precedence. Zacks doesn't > cover it yet, so no earnings projections going forward. I have got my eye on this one... I thought it was going to go yesterday; not yet though. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] AGI Date: 07 May 1997 07:55:44 -0400 looked at the chart, but didn't ring my bell either. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] AGI > Date: Tuesday, May 06, 1997 8:43 PM > > Stock won't ring my bell BUT, sort of cup, sort of handle (lots wrong with > both) BUT... did hit new high, great vol increase, on a day that most > stocks were NOT doing their thing and under ten dollars. Use it if you can. > James ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] BTGC Date: 07 May 1997 07:57:12 -0400 Other than it finally isn't loosing millions of dollars, don't know. Chart didn't impress me considering mkt action, but then it's group hasn't been a stellar performer lately. Base doesn't look bad if vol picks up. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] BTGC > Date: Tuesday, May 06, 1997 12:49 PM > > What's happening with BTGC? > James ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] More Stocks To Look At--ACRT Date: 07 May 1997 08:00:42 -0400 Looks like it might be trying to form kinda a handle, vol certainly impressive, and with a 99/99 it's #1 in its group. Would be nice to have an earnings forecast, tho. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Trader Jack > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] More Stocks To Look At--ACRT > Date: Wednesday, May 07, 1997 12:00 AM > > Not sure if anyone has mentioned this one yet, but check out ACRT. Nice re-acceleration > in EPS (reported 0.08 vs. 0.03 as of 1 May 97). Chart is an eye-pleaser on both a 1 year and > 5 year basis. ACRT looks like it's working off the last vestiges of overhead at $14 after gapping > out of its 8 week base when it reported earnings on 1 May. Earnings growth is fueled by > revenue increases. Institutions aren't into this one heavily yet (only 4% of shares outstanding). > No debt to speak of. Value ratios are lousy, but momentum takes precedence. Zacks doesn't > cover it yet, so no earnings projections going forward. > > Nasdaq & RUT.X look somewhat toppy short term here. I see risk down to 1260 on Nasdaq > and roughly the 350 area on the Russell. If we pause here long enough (a week or two) > without getting volatile to the downside, many of the current leaders should give us a second > chance entry point. I'd be happy to see a little consolidation to put some "meat on these chart > bones" as I can't justify buying into beanstalk charts. Of course, I'm describing a perfect world > which the market rarely subsidizes, muhahaha..... > > Trader Jack > ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] More Stocks To Look At--ACRT Date: 07 May 1997 07:49:26 -0500 This one (ACRT) and (BTGC) hit my top five some time ago during their initial run-up. Of course, with their chart got stopped out of both. They seem to run together a lot of the time. Must be "buddies". Made good money in both!! James ---------- > From: Peter Christiansen > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] More Stocks To Look At--ACRT > Date: Wednesday, May 07, 1997 1:26 PM > > ** Reply to note from investor@yvv.com (Trader Jack) Wed, 7 May 1997 00:00:41 -0400 (EDT) > > > > Not sure if anyone has mentioned this one yet, but check out ACRT. Nice re-acceleration > > in EPS (reported 0.08 vs. 0.03 as of 1 May 97). Chart is an eye-pleaser on both a 1 year and > > 5 year basis. ACRT looks like it's working off the last vestiges of overhead at $14 after gapping > > out of its 8 week base when it reported earnings on 1 May. Earnings growth is fueled by > > revenue increases. Institutions aren't into this one heavily yet (only 4% of shares outstanding). > > No debt to speak of. Value ratios are lousy, but momentum takes precedence. Zacks doesn't > > cover it yet, so no earnings projections going forward. > > I have got my eye on this one... I thought it was going to go yesterday; not yet though. > > > Peter Christiansen > Bangkok, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________________ _________ > ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Surface! Surface! Surface! Date: 07 May 1997 08:59:09 -0400 >> I thought about joining Liming's list, but... > it was a pretty dead list, and I was the only one making... uh, that's because those who had been the most active formed our own group, free and separate from lyndel's, whose ISP left a lot to be desired long before he took the money and ran -- paul and bob set it up, unclear why you were left off > Cisco reports earnings shortly uh oh, looks like our ISP isn't too responsive here either :( mike langston ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] ADVH Date: 07 May 1997 08:32:42 -0500 Currently on top of Zacks Today's Extreme Earning Surprises showing 100% there. Graph sitting on 50 dma Case cup be drawn to "say" there is a cup and handle there. Sort of low volume. Get this one- Advanced Health Corp is listed by TC2000 as a Distiller/Brewer. That must be the category they use to throw any stock into that they don't know what they do. U.S. Surgical was in this category by them for a long time. Done no other reasearch on this stock-On your own, as you really always are. Is this considered in "free parking area"? James ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] BTGC Date: 07 May 1997 16:02:19 +0200 Selected biotech have doing quite well the last few days. BTGC is one that has earnings. Up 11/16 today as I type. RS: 95 EPS R: 42 ACC: B FUNDS: 5% At 07:57 AM 07/05/97 -0400, you wrote: >Other than it finally isn't loosing millions of dollars, don't >know. Chart didn't impress me considering mkt action, but then it's >group hasn't been a stellar performer lately. Base doesn't look bad >if vol picks up. > >tom w > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be intrepreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. > >---------- >> From: Brenda >> To: canslim >> Subject: [CANSLIM] BTGC >> Date: Tuesday, May 06, 1997 12:49 PM >> >> What's happening with BTGC? >> James > > --- Johan Van Houtven ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] BTGC/VC Date: 07 May 1997 09:56:44 -0500 BTGC up over 1 on almost a million shares already.VC opened down 3. Down 2 3/8 now - Use the info if you can. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] VC Date: 07 May 1997 09:35:44 -0500 If you own this one you've got some homework to do. Go to : http://investor.msn.com/news/news.asp and pull up VC and/or THY and read. VC purchasing THY for $16 cash when the highest price THY had been prior to a previous announcements "days ago" to be purchased was $10.25 - So far, have not seen VC trade. Going to open DOWN 6? Want to hazzard a guess? Any ideas? James VOLT moving from NASDAQ to NYSE ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 08:51:51 -0500 Why would you give us such a list of stocks? I always pull up stocks mentioned on this forum and for the most part I can see the reasoning behind most issues. I am paying $.39 to pull up a stock I have not heard of and do NOT mind doing that at all, usually. You gave us a list of 50 stocks. I pulled up the entire list. I did already have a couple of them. Those were basically THE ONLY ONES that had any type of decent numbers now or in the past. I repeat, "Why would you put out such a list". My lists, as most know, do have "some" CANSLIM relevance but my very favorites are from LL to UR. Do you want to be known as "The Bottom Fisherman"? I found less than 10% of the graphs to even "remotely" have an uptrend. I did find a lot of stocks that are probably about as low as they might go. Nothing wrong with bottom fishing but mentioning a WAD of them to a group that is well known for it's purchasing stocks as they break into new high ground. I dare say 95% of the stocks on your list will not see high ground in the next year. SORRY, but I just don't understand! Why would you post such a list? Please explain. As for me, I won't be looking at any more of such picks. James ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: re: [CANSLIM] Surface! Surface! Surface! Date: 07 May 1997 13:00:36 -0800 > From: Michael A Langston > >> I thought about joining Liming's list, but... > > it was a pretty dead list, and I was the only one making... > > uh, that's because those who had been the most active formed > our own group, free and separate from lyndel's, whose ISP left > a lot to be desired long before he took the money and ran -- > paul and bob set it up, unclear why you were left off I think because I had vamoosed before you guys formed the new list. I should have said I was "nearly" the only one posting, because there were some other ideas, but the list was not nearly as lively as this one is. Also, the name I couldn't remember was James Cramer, who today had a full page ad in IBD that was a reprint of a newsletter and had a fairly mocking attitude toward most market prognosticators/commentators. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] Volatility Date: 07 May 1997 13:00:36 -0800 I saw a note in Fortune recently that talked about market volatility in the last few months. The percentage of days where there were 1 percent price swings in the market from high to low this year is somewhere in the 60's. Typically the number of days with one percent swings is in the 30 percent range. The last year that volatility was so high was 1987. Just thought I would toss this one out on a day where the market is down 146 about 10 minutes before the close. NASDAQ has held up pretty well through all this, down only about 6 points so far. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 13:00:36 -0800 > From: "Brenda" > Why would you give us such a list of stocks? I always pull up stocks > mentioned on this forum and for the most part I can see the reasoning > behind most issues. I am paying $.39 to pull up a stock I have not heard of Before you fork over the 39 cents, you might want to go to an internet site and look at the chart free (less online charges, which should be minimal) and decide if you wish to add it to a watch list. www.tscn.com is a good one, also www.stockmaster.com will work, not as good as the first site though. ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 16:45:14 -0400 (EDT) >From: "Brenda" : >Why would you give us such a list of stocks? I always pull up stocks >mentioned on this forum and for the most part I can see the reasoning >behind most issues. I am paying $.39 to pull up a stock I have not heard of James, what are you using for a graph/data source? Sounds like TC 2000 rates to me. If so, it can get costly if you just want to do a go/no-go scan of a list of unkown stocks. You should be able to pull up charts for free at various internet sites unless your on-line configuration prevents that for some reason (or maybe it takes too long?). A couple of sites that I like are www.wallstreetcity.com and www.lombard.com. Thirty-nine cents a chart sure adds up quickly given the number of issues thrown out for discussion in this forum. Regards, Trader Jack ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 17:09:37 -0400 Trader Jack wrote: > > >From: "Brenda" : > >Why would you give us such a list of stocks? I always pull up stocks > >mentioned on this forum and for the most part I can see the reasoning > >behind most issues. I am paying $.39 to pull up a stock I have not heard of > > James, what are you using for a graph/data source? Sounds like TC 2000 > rates to me. If so, it can get costly if you just want to do a go/no-go scan of a > list of unkown stocks. > > You should be able to pull up charts for free at various internet sites unless > your on-line configuration prevents that for some reason (or maybe it takes too long?). > A couple of sites that I like are www.wallstreetcity.com and www.lombard.com. Thirty-nine > cents a chart sure adds up quickly given the number of issues thrown out for > discussion in this forum. > > Regards, > > Trader Jack In addition to the cost for charts the time spent researching on unpromising candidates can be significant. What James may be hinting at is that people post their very shortened (say 1-10/15 stocks) list after doing their research (may be with a line expressing their strategy for selection) so that it can be used by the participants effectively. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] BCF Date: 07 May 1997 17:01:49 -0500 Tomorrow on Zacks Extreme Earning Surprises you should find BCF on the top of the list "IF" what CNBC just reported is true. Stated they came in with earnings at $.10, a nickel above estimates, and reversing a loss in previous period. What will this do to the price of the stock? Who knows? But it did close today, with market down about a hundred, at a new 52 week high. Just one more of those LL to UR charts. They are sort of like Bullova Watch - just keep on tickin. Have a good day. Will be looking very hard tonight at increasing ALL positions in ALL portfolios that I manage who have a holding in BCF already by an additional 50%. James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Looking Up Charts Date: 07 May 1997 18:06:39 -0500 I think Herman is on the right track. When given a rather large list of stocks to view, I don't know about the rest of you, but I don't have the time, personally to spend a lot of time having to pull up a chart, look at it, decide it I want it on my base, then go to the next one. I do this investing thing for a LIVING and if I did that there would not be time to use the info. What I have found, AS A RULE, here on this list is that when given a list of 25 stocks I can count on 20 of them exhibiting CANSLIM shapes, numbers, etc. I "expect" them to. I certainly do not mind investing $.39 on any chart that exhibits CANSLIM characteristics and I want it on my base. My base is about 5,000 stocks now and I have all stocks that have been mentioned on the Week-End Review section in IBD for almost the last 5 years. Therefore, when I have found a list mentioned here on this list it is SELDOM that I have to add more than one or two stocks. When I see a list that has 50 stocks on it and I have to add 35, I knew something was wrong somewhere. I found out. Those on this list KNOW what kind of stocks I like and even though a stock may not have a cup w/handle you can bet that it meets MOST of the CANSLIM criteria or I would not be interested in it. Now, let's simply leave it at "This is a CANSLIM group. This is a CANSLIM discussion group. If you have personal comments for someone on the list send them to them INDIVIDUALLY. If you want to "bottom fish", or buy penny stocks or look for $2-$3 stocks headed to the moon - find somewhere or some list that is interested in them. If the group disagrees with this premise then I don't understand what this group is all about. I have stocks that I buy that don't conform to the CANSLIM rules and I don't usually subject the group to them. If you want a cheap stock that has a cup with a handle take a look at PARL. Rel has to be very, very low and other numbers may or may not check out but AT LEAST it does have a cup with a handle. I'm through with this conversation and will not respond further to this subject. (I hear the group cheering in the background - Rah, rah, rah!!) OK. Enough is enough. My infamous Wall Chart Timing Indicator had 71% of the stocks go down today as was expected by the previous days of euphoria. Have a good evening. James ------------------------------------------------------------------------------- From: Dean Edwards Subject: [CANSLIM] CANSLIM Stocks Date: 08 May 1997 11:04:38 Thanks to all those people posting their CANSLIM stock picks. Your my eyes and ears! I definitely can,t buy all of them. But I,m tracking at least 10-20 new stocks from this forum. ` ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: Re: [CANSLIM] BCF Date: 07 May 1997 19:10:31 -0500 > From: Brenda > To: canslim > Subject: [CANSLIM] BCF > Date: Wednesday, May 07, 1997 5:01 PM > > Tomorrow on Zacks Extreme Earning Surprises you should find BCF on the top > of the list "IF" what CNBC just reported is true. Stated they came in with > earnings at $.10, a nickel above estimates, and reversing a loss in > previous period. What will this do to the price of the stock? Who knows? > But it did close today, with market down about a hundred, at a new 52 week > high. Just one more of those LL to UR charts. They are sort of like Bullova > Watch - just keep on tickin. Have a good day. Will be looking very hard > tonight at increasing ALL positions in ALL portfolios that I manage who > have a holding in BCF already by an additional 50%. > James > James: I saw this one coming. Last Friday I posted this on the Motley Fool BCF board: >BCF is expected to announce earnings on May 7, and the consensus estimate is $0.01. > >On April 4 they announced '...that net sales for the third quarter which ended March 29, 1997 >were $384.0 million compared with $323.2 million in the similar period last year.'. Their gross >margins are better than 30%. > >Last year they posted a $4.6 million loss, which translated to -$0.11/share. > >It seems obvious that they are about to trounce the consensus estimate! > >Ricardo Why didn't the analysts raise their estimates after the April 4 sales announcement? I just wish I were always this right! I have been lurking here for a few weeks now and I would have posted it to this list too, but I am too new to this CANSLIM stuff and can't tell if BCF meets the other requirements for being discussed here. What I find very intriguing is how many of my own small cap stock picks turn out on this list too. Here is my list as of last Wednesday (I am _not_ claiming any of these is a CANSLIM type stock): AE, AIX, AMRI, BLDG, BMP, BTV, CABP, CSI, DDDDF, DGP, DSWLF, DW, EXPD, FB, FIC, FNF, FPWR, FRES, GFF, GNCNF, GNTX, HRSH, IMP, INT, INVX, ITGI, MCRL, MSON, NATR, NQL.A, NRL, PLX, PRIA, PTII, RESM, RMR, SCTR, SECX, SFAM, SFSK, SJK, SMOD, SMRT, SWFT, SWST, TMSR, USHG, VISX and XRIT. Take care! Ricardo Bekin ------------------------------------------------------------------------------- From: Dean Edwards Subject: [CANSLIM] My comments on the CANSLIM forum Date: 08 May 1997 12:36:56 At the very beginning, when this forum started, the problem was not the terrific number of postings but the lack of it. A forum should be open communication. I personally don,t buy stocks below $10.But the last thing I want to see, is one person dominating the forum with their rigid dogmatic views on strict criteria of CANSLIM postings for this forum. Otherwise people, you are only going to see that person posting messages along with his or her cronies and probably drive everyone else into lurking. Also not everyone is at the same genius trading level as Wiliam O,Neil. Meaning people are at different stages of trading development. Some people will have to find out for themselves the hard way. Why it isn,t a good ideal to buy stocks below $10. Experience is a great teacher. Finally here is the solution about what you don,t want to read with CANSLIM postings. People have a simple key on their computer key board. You can do a sought by date, name or subject in mail and press delete. I hate censorship, everyone has the ability themselves to filter out what they don't want to read. ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] BCF Date: 07 May 1997 19:49:39 -0500 Without even looking any of these up I know you are on the right track. I recognize almost all of these. Any I do not have I will add to my base and take a look. Heres a question I would have for Zacks earning surprises and the percentage figure they use for a surprise. Let's say a stock is expected to have a penny loss and has a two cent plus result. What percentage surprise is that. Now a stocks is expected to have a nickel loss and has a ten cent plus- Percentage surprise is.....? Also, is the percentage surprise above the consensus estimate? WON always WARNS about stocks whose earnings are a penny or so and that the percentage increases are so bloated out of proportion that they may not be of any use. As of last Friday, BCF showed mgt owning 56% of the stock, EPS 49, REL 97, ACC A, GRP A, Sponsorship A, and "my grades" grades for volatility based on the shape of the graph was 93 for long term and 98 for short term. Keep up the good work. James ---------- > From: Ricardo Bekin > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] BCF > Date: Wednesday, May 07, 1997 7:10 PM > > > From: Brenda > > To: canslim > > Subject: [CANSLIM] BCF > > Date: Wednesday, May 07, 1997 5:01 PM > > > > Tomorrow on Zacks Extreme Earning Surprises you should find BCF on the > top > > of the list "IF" what CNBC just reported is true. Stated they came in > with > > earnings at $.10, a nickel above estimates, and reversing a loss in > > previous period. What will this do to the price of the stock? Who knows? > > But it did close today, with market down about a hundred, at a new 52 > week > > high. Just one more of those LL to UR charts. They are sort of like > Bullova > > Watch - just keep on tickin. Have a good day. Will be looking very hard > > tonight at increasing ALL positions in ALL portfolios that I manage who > > have a holding in BCF already by an additional 50%. > > James > > > > James: > > I saw this one coming. Last Friday I posted this on the Motley Fool BCF > board: > > >BCF is expected to announce earnings on May 7, and the consensus estimate > is $0.01. > > > >On April 4 they announced '...that net sales for the third quarter which > ended March 29, 1997 >were $384.0 million compared with $323.2 million in > the similar period last year.'. Their gross >margins are better than 30%. > > > >Last year they posted a $4.6 million loss, which translated to > -$0.11/share. > > > >It seems obvious that they are about to trounce the consensus estimate! > > > >Ricardo > > Why didn't the analysts raise their estimates after the April 4 sales > announcement? I just wish I were always this right! > > I have been lurking here for a few weeks now and I would have posted it to > this list too, but I am too new to this CANSLIM stuff and can't tell if BCF > meets the other requirements for being discussed here. > > What I find very intriguing is how many of my own small cap stock picks > turn out on this list too. Here is my list as of last Wednesday (I am _not_ > claiming any of these is a CANSLIM type stock): > > AE, AIX, AMRI, BLDG, BMP, BTV, CABP, CSI, DDDDF, DGP, DSWLF, DW, EXPD, FB, > FIC, FNF, FPWR, FRES, GFF, GNCNF, GNTX, HRSH, IMP, INT, INVX, ITGI, MCRL, > MSON, NATR, NQL.A, NRL, PLX, PRIA, PTII, RESM, RMR, SCTR, SECX, SFAM, > SFSK, SJK, SMOD, SMRT, SWFT, SWST, TMSR, USHG, VISX and XRIT. > > Take care! > > Ricardo Bekin > > ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economics and the Market Date: 07 May 1997 21:18:41 -0400 (EDT) > From: "Tom Worley" : >Anybody notice yesterday that the rally in the STOCK mkt was >credited with causing a rally in the BOND mkt? When's the last time >you remember that happening? August of 1987. Tee-Hee. >Anybody notice that the Japan mkt blew threw the 20K level >yesterday, and was expected to hold above that point and >consolidate tonight? Credits go to the strong US mkt, as well as >AN IMPROVING JAPANESE ECONOMY and lesser concerns about >non-performing real estate loans held by their banks. Investment psychology strikes again. Yet another example of, the tail wagging the dog as the "experts" can only react to what's happening with canned "why" responses. Maybe one day one these "experts" can explain why something happens before it does! I ain't holdin' my breath. I'd do it if I could, but I can't. Then again, I'm not getting paid to either. :) >I guess with the last several record setting days, I can definitely >claim kudos for calling the end of the correction, wish I had >called the start of it better, tho, might have had some cash to use >when it reversed. I dunno, I think you did darn swell. You gave us a heads up while all of the experts were still trying to say why the correction was a correction. Some of these idiots were just getting around to admitting that we were experiencing a correction. Now we'll see how long it takes them to get back on the rally bandwagon. The longer it takes, the longer the rally we'll have. >Earnings appear to me to still be coming in better than expected by >a wide margin. Most notable for afternoon reports was Thermedics, >reporting 56 cents against estimates of 17 cents (no, not my typo >at any rate, didn't have time to investigate, but doesn't sound >possible). I saw something saying that TMD restated Q1 1996 EPS, but it didn't elaborate as to how much or in which direction. TMD is one of those CANSLIM fallen angels which, if it can get to $21/share and base for a few weeks, could pop up on our radar screens once again. Action in the stock has been positive since the latest EPS report, but it still needs more time. Trader Jack ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] My comments on the CANSLIM forum Date: 07 May 1997 20:24:39 CDT > Finally here is the solution about what you don't want to read with CANSLIM > postings. People have a simple key on their computer key board. You can do a > sought by date, name or subject in mail and press delete. I hate censorship, > everyone has the ability themselves to filter out what they don't want to read. Hear, hear! I agree. I prefer that people think through what they are going to post before posting. I also prefer that people decide whether or not their post is relevant to CANSLIM. But... everyone should be able to post what they want, and each of us should apply our own judgment as to whether or not it is worth reading, considering, etc... Dave Cameron ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: re: [CANSLIM] Surface! Surface! Surface! Date: 07 May 1997 21:25:21 -0400 (EDT) >From: Michael A Langston >uh, that's because those who had been the most active formed >our own group, free and separate from lyndel's, whose ISP left >a lot to be desired long before he took the money and ran -- So you guys "broke out" so to speak? :P >paul and bob set it up.... Where is Bob Klasky these days, anyone know? >> Cisco reports earnings shortly CSCO did ok today, albeit in a volatile fashion. Only 28 million shares traded in it by the close. It's a good harbinger that a so-so EPS report still prompted a good amout of institutional purchasing. Trader Jack ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Chocoholics Out There Date: 07 May 1997 20:51:14 -0500 Well, if there are any chocolate holics out there and have put their money in the market for the last 2-3 months with Hersheys (HSY) and Tootsie Roll (TR), they should be just about fixed for life. If you choose to look at those two charts don't forget what the market was doing while the chocolate factories just kept on going. Today and tonight have looked at LOTS and LOTS of graphs once again. Tomorrow will be looking about adding the following to the infamous Wall Chart: AEIS, ABF, CDI, CEBC, ECP, CDEN, CREAF, MAVK, TR and UTR. Do not have any of the numbers as of yet but those of you who know me KNOW what to expect should you choose to look at the graphs to any of these stocks. Is IMNX in the Free Parking Zone?. BTGC has the 10 dma, 50 dma and 100 dma all sitting on TOP of each other tonight. Have a good day and let's hope the market goes up tomorrow. Not sure what effect this capital gains thing will have but my guess is that if too many sell into it, more will buy. Just a guess. Have a good night. James ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] My comments on the CANSLIM forum Date: 07 May 1997 20:54:03 -0500 I agree! Touche! Point WELL MADE and WELL TAKEN! James ---------- > From: David F. Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] My comments on the CANSLIM forum > Date: Wednesday, May 07, 1997 8:24 PM > > > Finally here is the solution about what you don't want to read with CANSLIM > > postings. People have a simple key on their computer key board. You can do a > > sought by date, name or subject in mail and press delete. I hate censorship, > > everyone has the ability themselves to filter out what they don't want to read. > > Hear, hear! I agree. I prefer that people think through what they are > going to post before posting. I also prefer that people decide whether > or not their post is relevant to CANSLIM. But... everyone should be able > to post what they want, and each of us should apply our own judgment as to > whether or not it is worth reading, considering, etc... > > Dave Cameron > ------------------------------------------------------------------------------- From: GoldFish Subject: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:02:52 -0700 Hi folks: I use a spread sheet to check the Guru's trading record. It is far worse than I expected. I used the trading record shown on pp.133~134 in William O'Neil's book (1st edition). I did not use the trading record shown on pp. 135 due to the stock split. The average return is only about 6.88%. The standard deviation is 18%. He has two big win (about 60%), most of the winning bet is about 20% (or less) not to mention the lose bets. Overall, based on this record, I would consider him as a successful trader nor investor. I doubt that anyone wiull hire him as a mutual fund manager with that kind of performance. Question: How can he stir such a big fan fair among trader/investor? For those who interest in the spread sheet just send me your e-mail address and I'll send it to you. I used the spread sheet in Window for Group. -- GoldFish "Every stock is a bad stock..." ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] MTC Date: 07 May 1997 21:17:31 -0500 OK Group, Haven't done my homework as far as CANSLIM numbers go on this one. Personally, am just aware that this company uses their stock very importantly in retirement plans and funds, bonus pay, etc. They, in the past, have always watched that price very closely. Now the graph shows a fairly good consolidation period and I would "think" that is absorbing that FIVE FOR ONE stock split. It has shot up recently. Is it safe? Opinions sought! For what it's worth, Campbell Soup selling it's Marie's refrigerated salad dressing and dip business to Dean Foods. (CPB-DF). CPB was way down early but closed only down a quarter. That seems good to me on a day that NYSE down a hundred. Yet, VC is going to buy something and Wall Street must not think they know what they are doing. Go figure! James ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Surface! Surface! Surface! Date: 07 May 1997 22:17:31 -0400 > Where is Bob Klasky these days, anyone know? same old place: rklasky@disc.dla.mil > CSCO did ok today...It's a good harbinger that a so-so EPS > report still prompted a good amout of institutional purchasing. esp in contrast w/ the trouncing CSCC took when she beat ests by 4 cents -- the glass is always half full in a bull market! mike langston ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] BCF Date: 07 May 1997 22:23:28 -0400 > Stated they came in with earnings at $.10, a nickel above estimates > ... What will this do to the price of the stock? Who knows? i don't know either, but would merely observe that the stock price has doubled in recent months, not even re-touching its 50dma since february -- so this little "surprise" strikes me as just another of the street's worst-kept secrets mike langston ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 22:24:17 -0400 (EDT) As a novice I'm glad to get opinions like yours James! Obviously I'm not yet comfortable with a style of getting good stocks to pick from, therefore my curiousity looms with the break out of small caps. BTW I'm not sure what LL and UR mean? Other stocks to consider: TUBOS GDYS Centocor CIEN QLTIF: Canadian drug co. w. photo-reactive cancer treatment. @23 SOLLY aanyway, those are some that I've narrowed it down to. Opinions? ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 22:17:26 -0400 From an overworked, exhausted kinda CANSLIMer member: I had already concluded that I would not use my limited time to look at charts from OWENTIME. Simply put, I had looked at too many suggested, and found them to totally fail even the vaguest suggestion of CANSLIM criteria. Even tho I have a bent for penny stocks (lately to my great regret, and the cause of my lack of contribution here as I wrest with my latest disaster, takeover by the state of TN and an SEC trading halt). I currently am limiting myself only to charts that have been suggested by members who I know understand AND APPLY CANSLIM rules and criteria, or to those members who at least trouble themselves to open a copy of IBD and include some of the basic nrs. I don't mind trying to help others learn CANSLIM to the degree that I can, but I will not even consider a file list that someone has downloaded somewheres without applying CANSLIM criteria, and then doing some homework on his own. Sorry, but I just don't have time to waste, and I am skipping too many of my one-a-day meals on this computer. I like trying to keep the group abreast of the economic side of the marketplace, and will try to continue that, even with the minimum feedback I have been receiving (haven't gotten flamed for it so suppose at least some are lurking and reading). Besides with the rules which I must operate under (which I wrote myself as Compliance) am severely restricted in making recommendations on specific stocks, but I prefer to only see stocks mentioned here that are legitimate CANSLIM candidates, even if they are not perfect. I have many sites where I can go to see penny stocks, severely undervalued (bottom fishing) stocks, stocks below book value, etc. I am spending a lot of my time here because this is a CANSLIM site, and a damn good one at that. That's our specialty, let's try and keep it that way. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Owentime's List Of Stocks > Date: Wednesday, May 07, 1997 9:51 AM > > Why would you give us such a list of stocks? I always pull up stocks > mentioned on this forum and for the most part I can see the reasoning > behind most issues. I am paying $.39 to pull up a stock I have not heard of > and do NOT mind doing that at all, usually. You gave us a list of 50 > most know, do have "some" CANSLIM relevance but my very favorites are from > LL to UR. Do you want to be known as "The Bottom Fisherman"? I found less > than 10% of the graphs to even "remotely" have an uptrend. I did find a lot ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Volatility Date: 07 May 1997 22:30:47 -0400 (EDT) Front page of WSJ had some quakey fissures in the column dedicated to world banking comfortability today (along with strong recommendations on FORE and SWRT.) Don'tt know if it is indicative of lukewarm acceptance of today's bond auction or not. Supposedly the NASDAQ has been tested and its floor is known, but the boost up in Russell 2000 may well pull back. Short sell funds are popular. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:27:48 -0400 How do you determine what stocks he is buying and selling, and when? What I've seen of his track record on true WON "picks" is far superior not only to what you are reporting but far surpassed any major mkt indicator. What's your source for his "picks" and how timely is it? tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: GoldFish > To: canslim@mail.xmission.com > Subject: [CANSLIM] William O'Neil' trading record is very bad!!! > Date: Thursday, May 08, 1997 1:02 AM > > Hi folks: > > I use a spread sheet to check the Guru's trading record. > It is far worse than I expected. I used the trading record shown on > pp.133~134 in William O'Neil's book (1st edition). I did not use the > trading record shown on pp. 135 due to the stock split. > > The average return is only about 6.88%. > The standard deviation is 18%. > He has two big win (about 60%), most of the winning bet is about 20% (or > less) not to mention the lose bets. > Overall, based on this record, I would consider him as a successful > trader nor investor. I doubt that anyone wiull hire him as a mutual > fund manager with that kind of performance. > Question: How can he stir such a big fan fair among trader/investor? > > For those who interest in the spread sheet just send me your > e-mail address and I'll send it to you. I used the spread sheet in > Window for Group. > > -- > GoldFish > "Every stock is a bad stock..." ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Volatility Date: 07 May 1997 22:25:31 -0400 Worst of it is that the prognosticators suggest this volatility has now become "normal" and will continue in the future. Maybe we should do a 10:1 reverse split? tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: pwahl@postoffice.worldnet.att.net > To: canslim@mail.xmission.com > Subject: [CANSLIM] Volatility > Date: Wednesday, May 07, 1997 5:00 PM > > I saw a note in Fortune recently that talked about market volatility > in the last few months. The percentage of days where there were 1 > percent price swings in the market from high to low this year is > somewhere in the 60's. Typically the number of days with one > percent swings is in the 30 percent range. The last year that > volatility was so high was 1987. > > Just thought I would toss this one out on a day where the market is > down 146 about 10 minutes before the close. NASDAQ has held up > pretty well through all this, down only about 6 points so far. ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:36:52 -0400 (EDT) >From: GoldFish > I doubt that anyone wiull hire him as a mutual >fund manager with that kind of performance. Heh. That's pretty funny. No one needs to hire him as a mutual fund manager because he runs his own fund (as chairman). It's the New USA fund whose day to day operation is still run by O'Neil protege David Ryan, I believe. The fund symbol is NUSFX. >Question: How can he stir such a big fan fair among trader/investor? Because his method makes eminent sense (dollars?), and plenty of folks have made good money when they incoporate the requisite discipline to stick to the rules. It's a real bummer making 300%+ on a CANSLIM stock in 12 months time, don't you think? Gawd, Uncle Sam is just licking his chops... Trader Jack ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] MTC Date: 07 May 1997 22:49:05 -0400 FWIW, this is all from memory, so don't hold me to any of this exactly. But it will give you my impression of MTC: There are apparently some very important Major Wave factors that will be effecting MTC in the long haul. They are changing themselves from a chemical company to an agricultural company which is composed of chemicals and genetics. They are buying up many of the genetic seed companies and are developing new strains of plants on their own as well. Their chemicals division is mostly agriculturally based. With the development of China, the Southeast Asia countries and India, there is going to be a big need for new strains of plants and new ways to improve crop yields. Montsanto is the best positioned to catch the wave. ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:50:03 -0400 > It's the New USA fund that fund's dead now, same fate as one of navellier's mike langston ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] My comments on the CANSLIM forum Date: 07 May 1997 22:51:06 -0400 (EDT) Like the fox who just spooked up the hens onto the roost, so it may go for the all but idled small caps in the Russell 2000. Markett timing is much too tough for me as a novice, but on the first "fluff up" of these stocks, this could be a good way to locate strong candidates working upward from a handle or tight base. One theory is that if the rally continues next week in the Russell 2000, there are a handful of stocks due for a sustained momentum run up. I think this type of listing is speculative at best, but certainly worth the possibility of following in such an underfollowed sector. Warren ------------------------------------------------------------------------------- From: GoldFish Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:56:02 -0700 Tom: As I said in my post, WON shows his trading record in page 133~135 of his book (1st edition). In that, he listed 1) the stock,date,price he bought; 2) the date, price he sold; and 3) the gain or loss in dollars. The very first stock is Bristol Myers, the last stock is NY Central RR that I used is calculate his performance. The trading record in page 135 has stock splits and I have problem of deciding which portion of the holding he sold. Therefore I did not include those trading shown in page 135. I'd like to see his superior trading record, would you please let me know the source that you are referring to? Thanks! -- GoldFish "Every stock is a bad stock..." Tom Worley wrote: > > How do you determine what stocks he is buying and selling, and > when? What I've seen of his track record on true WON "picks" is far > superior not only to what you are reporting but far surpassed any > major mkt indicator. What's your source for his "picks" and how > timely is it? > > tom w > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:47:32 -0400 Sorry, Jack, but O'Neill is dumping New USA shortly (if closing hasn't already happened) altho keeping Ryan. On the other hand, last time I had access to the data, something like 40 of the top 50 of the top performing mutual funds were all clients of WON, so I would put my money on the funds mgrs liking his data, picks, strategy, etc. So when a top performing mutual fund (growth) pounds their chest and touts how good they are, I smile and say, "yeah, thanks to WON". tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Trader Jack > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! > Date: Wednesday, May 07, 1997 10:36 PM > > >From: GoldFish > > I doubt that anyone wiull hire him as a mutual > >fund manager with that kind of performance. > > Heh. That's pretty funny. No one needs to hire him as > a mutual fund manager because he runs his own fund (as > chairman). It's the New USA fund whose day to day operation > is still run by O'Neil protege David Ryan, I believe. The fund > symbol is NUSFX. > > > >Question: How can he stir such a big fan fair among trader/investor? > > Because his method makes eminent sense (dollars?), and plenty of > folks have made good money when they incoporate the requisite > discipline to stick to the rules. It's a real bummer making 300%+ on > a CANSLIM stock in 12 months time, don't you think? Gawd, Uncle > Sam is just licking his chops... > > Trader Jack > ------------------------------------------------------------------------------- From: GoldFish Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:04:50 -0700 Trader Jack wrote: > > Heh. That's pretty funny. No one needs to hire him as > a mutual fund manager because he runs his own fund (as > chairman). It's the New USA fund whose day to day operation > is still run by O'Neil protege David Ryan, I believe. The fund > symbol is NUSFX. > We now know it is history. The fund can not beat the S&P500 index. And the reason for that is the fund is too big to be successful using CANSLIM. > >Question: How can he stir such a big fan fair among trader/investor? > (...clip...) > It's a real bummer making 300%+ on > a CANSLIM stock in 12 months time, don't you think? Care to point out the source of this super trading record? > > Trader Jack -- GoldFish "Every stock is a bad stock..." ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] MTC Date: 07 May 1997 22:56:28 -0400 (EDT) >From: "Brenda" >fairly good consolidation period and I would "think" that is absorbing that >FIVE FOR ONE stock split. It has shot up recently. Is it safe? Opinions >sought! Well, MTC isn't your garden variety CANSLIM stock with over 800 million shares issued and institutional ownership hovering around 70%. EPS growth is also much slower than you get with small companies, but the chart shape is very appealing. I see one major technical drawback in that volume on the b/o has not been earth shattering. I'd want to see more given the run-up in the DJIA. MTC at this stage would be the kind of stock I'd throw money at if small caps were hibernating. This was true awhile ago, but not so much now. I'd pass on MTC, not so much that it's high risk at 44 but more so because there is better stuff out there. Them's my thoughts. Trader Jack --------- MetaTag 3.0: My wife's other car is a broom. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:54:46 -0400 Last firm I worked for (for three years) was a client of WON, and we got his NSMI (New Stock Mkt Ideas, an institutional product) books every week plus we got his new Buys and Deletes via fax in real time. Thus we were looking at the same stocks that major money mgrs were seeing, and could move faster cuz we weren't going to go in and buy a qtr mil shares). Included in the NSMI books were annual stats as well as long term charts (covering over ten years as I recall) comparing WON's NSMI picks to the S&P500 performance. He blew then away in any category you looked at. I previously posted the performance comparisons from an old copy I had, if anyone still has the post feel free to repost it. As far as I know, NSMI is the only true "WON picks" source, and it now is limited strictly to institutional managers. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: GoldFish > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! > Date: Thursday, May 08, 1997 1:56 AM > > > I'd like to see his superior trading record, would you please let me > know the source that you are referring to? > ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] VC Date: 07 May 1997 23:08:22 -0400 Note that with VC's gap down today, the old base seems to have served as some support. Could just be coincidence. But probably not entirely. One more reason to buy them as close to the pivot as possible. Better chance of something to catch the fall when the market gets spooked about something re: your stock. Just some thoughts. ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 23:08:24 -0400 Owentime, I did notice one stock on your first list that I really liked: STDM. Because it is under $12 and has a very short earnings history (recent IPO), it is only a Canslim "Potential". It might grow past that $12 level fairly quickly. It based at around $7 and had an explosive breakout on the day before you mentioned it to the group. Worth keeping a watch on if it forms a new base (too extended to chase right now, but might be worth picking some up if it pulls back to about 8 1/2 or less). Speculative, but promising. Otherwise, most of the first list was not too useful. But STDM was worth it. By the way, how are you coming up with these lists? Just wondering. Regards, Craig ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:09:05 -0400 (EDT) He supposedly sold his momentum fund while it was doing well. Remember most people who develop "methods" teach others better than they actually perform the task themselves. (That is not meant to be tongue and cheek either). He is a publisher, teacher, lecturer who makes money. I'm guessing that the best CANSLIM user here "adapts" the techniques as per market volatility. ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: re: [CANSLIM] Surface! Surface! Surface! Date: 07 May 1997 23:01:38 -0400 (EDT) >>From: Michael A Langston >> Where is Bob Klasky these days, anyone know? > >same old place: rklasky@disc.dla.mil Does he monitor this list at all? >esp in contrast w/ the trouncing CSCC took when she beat ests >by 4 cents -- the glass is always half full in a bull market! Yup. Go figure. The human mind's perception of the future is a strange commodity. I still shake my head in amazement at the Holland tulip bulb craze of yore. What on earth do some of these people have in their heads, rocks? Trader Jack ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 22:13:10 -0500 I APOLOGIZE! I was wrong in my comments. I was rash and brash and not very polite. I know how it is to be treated that way. Thanks for taking the time to post what you consider to be possible picks. It's up to me to decide if they are for me. Keep trying, keep listening and there are some GREAT folks here that will give you some great stocks and more stocks than you have funds to invest in. At least they give more than I have funds to invest. Once again, sorry for flying off. Hang in there. James ---------- > From: OWENTIME@delphi.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Owentime's List Of Stocks > Date: Wednesday, May 07, 1997 9:24 PM > > As a novice I'm glad to get opinions like yours James! Obviously > I'm not yet comfortable with a style of getting good stocks to pick > from, therefore my curiousity looms with the break out of small caps. > BTW I'm not sure what LL and UR mean? > > Other stocks to consider: > > TUBOS > GDYS > Centocor > CIEN > QLTIF: Canadian drug co. w. photo-reactive cancer treatment. @23 > > SOLLY > aanyway, those are some that I've narrowed it down to. > Opinions? > ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:15:07 -0400 >> NUSFX > We now know it is history. yes goldfish, we know that > The fund can not beat the S&P500 index. no, "we" don't know that > And the reason for that is the fund is too big to be successful > using CANSLIM. that's your opinion -- i think the ludicrous fees (a 5% front load, a 2.69% expense ratio and 1% 12b-1 fee, according to morningstar), coupled with a crappy HGS market had more to do with it mike langston ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 22:19:02 -0500 Try Berger Small Cap. I KNOW Bill Berger knows what he is doing and don't you know he is physically ILL when he looks at his funds performance. Talk about bottom fishing. Haven't checked it out lately but almost can't go anywhere but up. James ---------- > From: OWENTIME@delphi.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! > Date: Wednesday, May 07, 1997 10:09 PM > > He supposedly sold his momentum fund while it was doing well. > Remember most people who develop "methods" teach others better > than they actually perform the task themselves. (That is not > meant to be tongue and cheek either). He is a publisher, teacher, > lecturer who makes money. > > I'm guessing that the best CANSLIM user here "adapts" the techniques > as per market volatility. > ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] Intros Revisited Date: 07 May 1997 22:09:30 CDT OK.... I've started this thing in earnest today. I'm off work for the next week - so I pulled down the archives and wrote a program to search for intros. It needs refinement, but here's the scoop. I have a fair amount of intros from recent joiners. I also have a few from people who don't seem to be on the list anymore. I DON'T have intros from a few active members. I don't have one for Craig, Zoran, Johan VanHoutven (even though I remember him posting one), HJS/Goldfish, and maybe some others who I think really posted one. Maybe the server switch in late October trashed the early ones? Maybe some people haven' t posted intros? Maybe some don't want to? Anyway... I have found a good number so far - its gonna take a little while longer - give me a few more days when I can set time aside - BUT... if you want to send one in - no time like the present. If you want, I can send a list of who I DO have intros for... Dave Cameron > > David, I for one appreciate your offer to help set this up, I think > it's a good idea. Aside from checking against the present > membership of the group, guess the best answer is to set up what > you have, and then encourage the membership to go check their > respective intros. How hard will it be to update, or create if none > there, an intro? Can this be set up so each member can be > responsible for his/her own intro content? What about new members, > can it be structured so that a new member will create an "intro" > file upon joining the group? > I'll be glad to write up a new intro if that will save you time > searching for my original one (don't even know what I said then, or > which personality was typing at that time?) > tom w > ---------- > > From: David F. Cameron > > To: canslim@mail.xmission.com > > Subject: RE: [CANSLIM] Intros Revisited > > Date: Friday, April 18, 1997 3:15 PM > > > > No response to this yet, so I'll assume that I am going to be > searching > > through my intros and forwarding info on to JVP at > joseph@shango.com. > > Again, if anyone wants a new intro - pass it along to me. This > will > > take a little while. I'm not sure that everyone who posted an > intro > > is still here. e.g. whatever happened to Dean Edwards? Joan > Sherman? > > > > > > JVP wrote: > > > > > > > > I'd be happy to offer my services for this if there are no > other takers. > > > > I can (will) set up pages for this if you send me the info. > (I own an ISP + Web servers.) > > > > http://www.shango.com > > > > > > ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 23:23:22 -0400 (EDT) Hey, I'll have to look at that one! As for the technique; just eyeballing the numbers. You see, that is my difficulty; I'm not yet efficient at sifting; I don't really know yet how to "cull them down." In fact I can't decide if I'm better with an online ticker, a newspaper ticker or whatever. I don't normally slobber the echo with bushel baskets of stocks but I tthought this was a unique updraft, followed by a very attractive downdraft; and a risky entry for yet to be seen small cap sustainable rally. (They lost their shirts in small caps about this ttime last year if I remember correctly.) I need to write some sort of sort program tailored just to CANSLIM parameters for that the chip presents me with immediate cup and handle likely candidates. Charting is still tough for me; but I'm following it. ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:22:52 -0400 > NSMI (New Stock Mkt Ideas, an institutional product) > books every week plus we got his new Buys and Deletes via fax in > real time. Thus we were looking at the same stocks that major money > mgrs were seeing, and could move faster so in principle one could become an "institution" in name only, shell out the hefty bux for NSMI, and then front run on the big boys -- hey i like that idea! >:) mike ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:23:32 -0400 (EDT) >From: "Tom Worley" >Sorry, Jack, but O'Neill is dumping New USA shortly (if closing >hasn't already happened) altho keeping Ryan. Hmm, interesting. No apology necessary as I don't own any of it. I haven't followed funds very much in the past year, so I'm not too surprised that I haven't heard about this until now. I always thought the sales load on this fund was outrageous anyway. Did WON state specific reasons for closing it down? I remember some of the discussion that went on when NUSFX was just getting started. There was a lot of consternation about conflict of interest (given IBD, his institutional data clients, and then running a fund) and what O'Neil was trying to accomplish. I've always thought that CANSLIM was more geared to market-agile individual investors rather than to big mutual funds which carry heady restrictions on what can/cannot be bought (and amounts thereof). NUSFX was a mediocre performer at best and certainly was not the greatest vehicle to manifest the best facets of CANSLIM. O'Neil should have started a hedge fund which would have gotten around many of the mutual fund trading restrictions. Of course, then it wouldn't be a public investment vehicle and as such would not have generated as much press as NUSFX. Oh well. Thanks for the update. Trader Jack ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Surface! Surface! Surface! Date: 07 May 1997 23:34:02 -0400 > Does he monitor this list at all? i don't think so jack, though i've mentioned it to him -- a few of us old farts still chat (paul, steve, rich, etc), and most of us lurk on delphi where bob posts weekly G ranks and jim horan still posts his (generally great IMHO) market commentary and weekly ERG and monthly box 7 lists -- btw i'm a sucker for those box 7's, early 96 was a box 7 dream, those 74-76 E pix were the place to be! > The human mind's perception of the future is > a strange commodity. you said it -- along that line, rumor has it that today's late market drop was due in part to the possible cap gains cut that would be effective today if passed -- of course this wasn't supposed to be known until after market close, heh heh heh mike ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: re: [CANSLIM] NUSFX Closure Date: 07 May 1997 23:25:17 -0400 (EDT) >From: Michael A Langston >> It's the New USA fund > >that fund's dead now, same fate as one of navellier's What happened to Navellier's (reasons given for closure)? ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 23:36:10 -0400 (EDT) The only safe thing to say: (A la O'Neil ettiquette) is that at the market peak, bad stocks zoom upward. I'm applying O'Neil theory here and suggesting that either these cheap small cap stocks ran up the other day on the beginning of a sector shift that needs repeated testing out before the summer uptrend in this sector is secure and solidly repsonsive to good CANSLIM candidates, or indeed, this is a short circuiting of this sector, and not to fool with it, at all. I appreciate the group feedback here since I do not have the experience to: 1. Locate market sector shift 2. Isolate solid CANSLIM stocks in the new sector that won't break off their handles or lose their cup sides on re-testing. Warren ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Track Records? Date: 07 May 1997 22:38:46 -0500 Anybody who doesn't think Wm. O'Neil isn't good or doesn't know what he is talking about, or whose book really doesn't hold water AND is spending time here on this list reading and posting I would really wonder about. No matter what his track record is he has published a book describing an investment style/philosphy with some rules that (at least one group found here) finds it worthwhile and makes them money. I imagine we ALL bend the rules somewhat to fit our own personal style, risk and tolerance levels. Some will NOT buy past the pivot point and others would NEVER buy AT the pivot point. All of that is irrelavant. For the most part we find what Mr. O'Neil has done in the past is "worthy" of our attention and our "trying" to learn from somebody who "most likely" knows a LOT more about the market than most of us do. Let's take another individual. Louis Navelier (sp). At one time he was the best stock picker and compiled a record that Hulbert says is THE BEST over many different frames. However, IMHO, he no longer does that. He may still have the capability to do so, BUT with all of the time he spends on the plane traveling from CNBC appearances and making talks to different groups, and setting up TV ads it just does not leave enough time to do that which he got his name for doing. Yet, I can still learn from him and his comments. He would have a "feel" along certain lines that I might not have acquired yet. Bill Berger, almost the same thing. He turned the reins over to wsomebody who just plain can't cut the mustard. Think he's gone now. Fidelity - Was the last time they really did anything great was back when Lynch was there. Are you getting the point? What has happened? Did what these men do only work in THEIR time or is it that the "New Breed" just doesn't want to listen and learn. I find that their ways still work. BUT, you have to LISTEN. With my kids I find that to be a quality that seems to have almost diappeared from our society. Just look at your TV commentators when they ask a question. I would love to have the guest after completing his answer look at them ON TV and ask them ,"Just to make sure I have explained myself fully could you repeat back to me what you heard me say?". Bet there would be a lot of cuts to commercials or them trying to listen to what they are being told in their earpeace. Suggestion: Let's give this O"Neils record thing a rest and get back to what we do and do well. Let's search those bushes, share what we find, and let's all make some money from our efforts. What do you say? James ------------------------------------------------------------------------------- From: GoldFish Subject: [CANSLIM] A potential CANSLIM stock-- MSTR Date: 07 May 1997 23:44:00 -0700 Hi Folks: I don't have IBD. But here is MSTR I got it by screening "Value line on Window" for your entertainment: C- current quarter EPS $0.27 vs. $0.19 (a 42% increase) A- past five years EPS are: -0.49 0.06 0.71 0.76 0.96 (from 92 to 96) Impressive isn't is? N- New High and acquired several small companies What else you can ask for? S- Small cap; buy back some of their stock a few month back; Volume increase as the price move up L- please check with IBD; Seems to be a leader; has high relative strength I- see the warning below M- you all know it price pattern - a saucer. trailing PE = 27.9 (highest in the past 5 years) project next year earning = 1.64/share vs 1.30/share current year (seems to be a 26% growth if the next year earing can be realized! the Projected PE will be 22.1, is still relative high compare with S&P500) Price/Sale=0.99 (highest in the past 5 years) But relative low compare to S&P500. Warning: Vinik (the former Fidelity Magelen fund manager) group just cut their holding from 7.9% to 4.98%. I have been watching it increase from 19 at the end of last year. I keep telling myself it is too pricy. But I finally bought it at $24 last week. This is my very first CANSLIM stock unlike the bottom fishing method that I enjoyed before. We'll see how it performs!! -- GoldFish "Every stock is a bad stock..." ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:28:48 -0400 Yeah, if you want to spend from $40K to $200K a year to be an institution! Better be trading real well with a lot of greenbacks to cover that nut! tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Michael A Langston > To: canslim@mail.xmission.com > Subject: re: [CANSLIM] William O'Neil' trading record is very bad!!! > Date: Wednesday, May 07, 1997 11:22 PM > > > NSMI (New Stock Mkt Ideas, an institutional product) > > books every week plus we got his new Buys and Deletes via fax in > > real time. Thus we were looking at the same stocks that major money > > mgrs were seeing, and could move faster > > so in principle one could become an "institution" in name > only, shell out the hefty bux for NSMI, and then front run > on the big boys -- hey i like that idea! >:) > > mike ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intros Revisited Date: 07 May 1997 23:33:29 -0400 Dave, since it is apparently easier for you to get the more recent intros, do you want us to just flood majordomo with our intro's? I don't mind, you know by now that I love typing, and now I can include in my credits calling an end to the correction! :--) BTW, sounds like a great vacation! But we appreciate it nonetheless. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: David F. Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Intros Revisited > Date: Wednesday, May 07, 1997 11:09 PM > > OK.... I've started this thing in earnest today. I'm off work > for the next week - so I pulled down the archives and wrote a > program to search for intros. It needs refinement, but here's > the scoop. I have a fair amount of intros from recent joiners. > I also have a few from people who don't seem to be on the list > anymore. I DON'T have intros from a few active members. I > don't have one for Craig, Zoran, Johan VanHoutven (even though > I remember him posting one), HJS/Goldfish, and maybe some others ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] NUSFX Closure Date: 07 May 1997 23:47:46 -0400 > What happened to Navellier's (reasons given for closure)? the only "official" reasons i recall for NASCX's closure were (1) economy of scale and (2) a lousy small cap outlook curiously, it was absorbed by the same outfit that's taking over NUSFX mike ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Track Records? Date: 07 May 1997 23:53:53 -0400 (EDT) Superstars in stock picks are tenuous at best, and O'Neil does seem to have staying power for sure. I think back to Peter Lynch who really was amazing in his keen sense of finding growth companies. The crash of '87 was quite a surprise for the fund he managed. Wall Street allows "one strike and yer out." I think most good fund managers wind up with blown out adrenals and high blood pressure from their daily "Nantuckett Sleigh Rides." I think to be real good is usually short term at best in fund management. I'm not saying they don't get paid for their efforts. ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:54:37 -0400 > Yeah, if you want to spend from $40K to $200K a year aw come on tom, a coupla hundred k is peanuts if it means front running the big boys -- i'm 100% serious, especially if the pick list is short and "real" institutions really bid em up w/i a few days -- there simply must be a catch somewhere -- else this'd be better (and a lot easier) than playing SOES bandit, and those slime balls woulda figured it out long before now -- or maybe they already have! mike ------------------------------------------------------------------------------- From: derek b Subject: Re: [CANSLIM] NUSFX Closure Date: 07 May 1997 23:56:47 -0400 Trader Jack wrote: > >that fund's dead now, same fate as one of navellier's > > What happened to Navellier's (reasons given for closure)? Louie wanted to make that Small Cap fund no-load. The Board of Trustees refused, fired Louie, and got MFS to manage the fund. One important difference is that the Navellier Small Cap had a decent record, the New USA fund was a loser big time. Derek ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 08 May 1997 00:00:51 -0400 (EDT) Not to worry; it's only money:) ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:54:51 -0400 (EDT) >From: GoldFish >Care to point out the source of this super trading record? Some of the accounts I manage. I did very well with THRX and GDT, buying in late in 95 and then selling toward year end 1996. Got into THRX at 6 3/4, out at 23 1/2. GDT was almost a double from 23 to 50 in about a year. I'm sure others here have more than enough of their own examples to prove the efficacy of the method. Like O'Neil, I experience my share of losing trades. The secret is to keep your risk/reward ratio at 1:3 or better through purchasing quality stocks before they get extended and cutting losses before they get out of hand. Trader Jack ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 07 May 1997 23:54:53 -0400 (EDT) >From: OWENTIME@delphi.com >I need to write some sort of sort program tailored just to CANSLIM >parameters for that the chip presents me with immediate cup and handle >likely candidates. The Holy Grail you seek (albeit with a few warts) is called Telescan. $67.95/month for 40 hours of on-line time with configurable searches for all kinds of fundamental and technical criteria. If you're new to CANSLIM you won't be quite ready for this yet, but should you continue to learn and master the method you might find Telescan to your liking. Trader Jack ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! Date: 07 May 1997 23:45:56 -0400 The primary reason given was that the size of the fund had not grown to the point where it was cost effective (hard to understand when he took in something like 40 or 50 mil bucks before the prospectus was even printed and approved by the SEC, on reputation alone!). But apparently after growing to over 200 mil, it dwindled and, I suspect, he may have lost interest since there were so many restrictions on investing that it made his rules that much harder to apply. I do recall that being allowed to be as much as 50% cash ended up hurting as Ryan had the fund as nearly uninvested as he could in anticipation of a crash, and it turned out to be another leg up instead. Ryan completely missed the boat on that one. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Trader Jack > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] William O'Neil' trading record is very bad!!! > Date: Wednesday, May 07, 1997 11:23 PM > > >From: "Tom Worley" > >Sorry, Jack, but O'Neill is dumping New USA shortly (if closing > >hasn't already happened) altho keeping Ryan. > > Hmm, interesting. No apology necessary as I don't own any of it. > I haven't followed funds very much in the past year, so I'm not too surprised > that I haven't heard about this until now. I always thought the sales load on this > fund was outrageous anyway. > > Did WON state specific reasons for closing it down? > > rather than to big mutual funds which carry heady restrictions on what can/cannot be > bought (and amounts thereof). NUSFX was a mediocre performer at best and certainly > was not the greatest vehicle to manifest the best facets of CANSLIM. O'Neil ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] VIX index Date: 07 May 1997 23:53:43 -0400 Mike, some teaching, please. Several days ago, I noted the VIX index dropping nicely under 20 and, as you had indicated, the CANSLIM stocks I was watching all performed nicely. After that, even tho VIX moved well back over 20, the CANSLIM stocks that had broken out continued to move higher, and others that were set up also did a b/o, or at least maintained their formation and deserved further watching. Can you educate me on what VIX means when it moves higher, esp over 20? (as it pertains to CANSLIM stocks, natch!). tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] NUSFX Closure Date: 08 May 1997 00:08:18 -0400 > Louie wanted to make that Small Cap fund no-load. The Board of > Trustees refused, fired Louie, and got MFS to manage the fund. not to pick a nit derek, but this is to the best of my recollection only the story line good old louie fed cnbc -- i don't think it was acknowledged by the board as relevant to reality -- i don't know the truth, but find louie's story remarkably similar to the excuse elaine g gives for losing her fund, ptooey mike langston p.s. i wonder why so much traffic tonite...some lurkers are gonna be pissed when they ck email in the morning! :) ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] NUSFX Closure Date: 08 May 1997 00:09:26 -0400 (EDT) >From: derek b >Louie wanted to make that Small Cap fund no-load. The Board of Trustees >refused, fired Louie, and got MFS to manage the fund. ROFL...Board of Trustees...what a misnomer. Greedy b*stards. >One important difference is that the Navellier Small Cap had a decent >record, the New USA fund was a loser big time. Aye. Ryan needs to hit the books again. I wonder when was the last time he re-read __How To....__. Every time I go back to that book for a refresher, I either learn something new or relearn something that I forgot. Trader Jack ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] A potential CANSLIM stock-- MSTR Date: 08 May 1997 00:16:51 -0400 (EDT) >From: GoldFish >I have been watching it increase from 19 at the end of last year. >I keep telling myself it is too pricy. But I finally bought it at $24 >last week. This is my very first CANSLIM stock unlike the bottom fishing >method that I enjoyed before. We'll see how it performs!! So far so good if you're already up about 10% in a week. You'll be able to tell a lot how it holds up during market weakness which we're experiencing short term right now. I find backing and filling like we've seen the past 2 days very constructive as it helps to separate the wheat from the chaff. If you're stock is still near its highs of the move after the correction ends, then you're sittin' pretty. Enjoy the Ride! (c) Nissan Motor Corp. Trader Jack ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] VIX index Date: 08 May 1997 00:26:56 -0400 > Several days ago, I noted the VIX index dropping nicely under 20 > ...Can you educate me on what VIX means when it moves higher, esp > over 20? (as it pertains to CANSLIM stocks, natch!). i don't know much more than i said in my earlier post tom -- if i weren't so lazy i'd check the archive to make sure i don't contradict myself! :) anyway, the VIX is just one indicator, and like all indicators it's not much use all by itself -- but there appears to be a strong correlation between: - a low VIX and predictable HGS behavior (tight bases, successful b/o's, etc) on the one hand - a high VIX and a dangerous HGS market (b/o's fail, daytraders rule, etc) on the other 20 is sometimes mentioned as a dividing line between low and high if anyone here subscribes to ian woodward's stuff on AOL or T*, it'd be great if they could pull up what he has to say on this subject and post or paraphrase it here -- strictly as AOL/T* advertising, of course ;) -- he's the VIX master, and i can't begin to recall his exact words on this subject mike ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] TSK Help! What do I do with this? Date: 08 May 1997 17:10:53 GMT+7 ** Reply to note from "Tom Worley" Tue, 6 May 1997 21:23:16 -0400 > Party hearty, then flip a coin. Or else, decide if you now have > more money at risk in a single position than you normally risk. Sorry for taking so long to respond. I decided to take your suggestion (party hearty) last night. I didn't flip a coin though. I ended up placing the stop on TSK just above my buy point, giving it some room to fluctuate. Once it corrects and (hopefully) goes to new highs, I will move the stop up. Thanks to everyone for their thoughts on this. It is really nice to have other traders that I can get some feedback from during times of uncertainty. Tom, I just updated my tagline file with a bunch more one liners (I was bored with what I had)... Enjoy. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ We are Microsoft. Resistance is futile. You will be assimilated. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] TSK Help! What do I do with this? Date: 08 May 1997 17:10:56 GMT+7 ** Reply to note from Craig Griffin Tue, 06 May 1997 22:11:12 -0400 > Congratulations. Nice problem to have. But no easy suggestion. If you > know what is driving it (news? earnings? group strength? etc..) - sometimes > that helps me decide. > > What I would do is review the selling pointers in O'Neil's book (on page 103 > in the second edition). There are 36 pointers there on selling, as well as > 8 pointers on "When to be Patient and Hold a Stock". Generally you will > find several of the selling pointers that apply when it is time to sell > (instead of just one or two). Hope this helps. Thanks Craig. There have been a couple of news stories about new contracts signed, but they don't appear that significant. Yesterday they announced a 2 for 1 split. I am going to try and hold onto this one for a while, since it is showing the most strength of all my positions. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Help fight continental drift. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] DG Beta Testers Date: 08 May 1997 07:46:59 -0500 Well, a place to look up stocks graph's fairly quickly w/o spending $.39 first. How neat. Now, I have another "tool". Just what I needed. Wonder where I find the extra time to use it? Wonder what I am currently doing will have to go? Anybody need a job? No health benefits, time off and atta boys given out sparingly. Question: Can DG's do any kind of search for you. For example: Give me a list of all stocks with EPS over 75, Rel Strength over 90, Price today higher than yesterday, and yesterday higher than day before, and volume today at least 50% greater than yesterday? Thanks. James ------------------------------------------------------------------------------- From: PPNewell@aol.com Subject: Re: [CANSLIM] VIX index - where to find? Date: 08 May 1997 09:45:07 -0400 (EDT) >>VIX over 20 Where is the VIX index Thanks, Peter Newell ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] VIX index - where to find? Date: 08 May 1997 09:48:41 -0400 > Where is the VIX index try $vix.x on quotecom mike langston ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] MSON Date: 08 May 1997 09:17:54 -0500 Seen this one mentioned here more than once. Shoot, I even own some of it. Rats! To those who liked it a 10 - How do you like it at EIGHT? James BCF, guess it's sell on the news, opened down one ------------------------------------------------------------------------------- From: jeff@scrooge.idec.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Periodic "Housekeeping" for the CANSLIM list Date: 08 May 1997 09:13:05 -0600 This will be a periodic posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your situation, send your commands to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin ------------------------------------------------------------------------------- From: "Brenda" Date: 08 May 1997 10:27:19 -0500 Jeff, Got a couple of questions for you. How long have you had this list? What do you think about how it is doing now? Do you read all of the posts? If you had to rate "yourself" as to actually gets some of the readers IN a stock and thusly make money they would not otherwise make - how would you grade yourself. I enjoy the list very much and have gotten a couple of good stocks from this list. However, I would expect that I do 100 times the amount of work that the average investor does. I play duplicate bridge and an "A" player never has to and never tells you his is an "A" dog. However, if you know bridge you only have to watch him play the cards on one hand and many times only the first couple of plays to realize that you are watching an expert. I find that many people's post do the same. Their posts reveal their individual level of experience very quickly. It's one thing to read HTMMIS once or even fifty times, but it is an entirely different issue to understand it, and even more difficult to actually put the book into practice profitably. Thanks for the list and it in itself makes my Internet fee worthwhile. Keep up the good work. James ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 08 May 1997 17:46:01 +0200 Craig wrote: >I did notice one stock on your [Owentime's] first list that I really liked: STDM. I agree with Craig. This little baby has got potential. Worth putting on my watch list! Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: jeff@scrooge.idec.sdl.usu.edu (Jeff Salisbury) Date: 08 May 1997 10:26:45 -0600 On May 8, 10:27am, Brenda wrote: > Subject: > Jeff, > Got a couple of questions for you. How long have you had this list? Our list was setup in late October, 1996. Originally, the list was hosted at my place of employment (Space Dynamics Lab). Since I wasn't making money from list subscribers, I thought my employer wouldn't mind. However, after a month or two, my sysadmin asked me to remove the list since it was making extra work for him. I then moved the list to Xmission. > What do you think about how it is doing now? I'm quite pleased -- our list has a very high information content, and is generally quite cordial. The credit goes to you and most of the other frequent participants of this list who are seasoned CANSLIM'rs and share so much information. Also, credit goes to many of the CANSLIM beginners who ask intelligent questions. I am pleased that both the CANSLIM experts and novices have benefited from our list. The experts get a chance to "mingle" with other experts, and the beginners get to learn from the more seasoned investors. >From a operations standpoint, I'm pleased that majordomo and Xmission have seemed to get their acts together (knock on wood) :^) > Do you read all of the posts? Yes, I read every post. However, I frequently get behind and may not read a given post until 1-2 days later. > If you had to rate "yourself" as to actually gets some of the readers IN a > stock and thusly make money they would not otherwise make - how would you > grade yourself? I'm not sure what you mean here... James, what precipitated these questions? Best Regards, Jeff Salisbury - CANSLIM list admin > Thanks for the list and it in itself makes my Internet fee worthwhile. > Keep up the good work. > James >-- End of excerpt from Brenda ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] 2 more candidates? Date: 08 May 1997 11:31:00 -0500 FWIW, I don't remember seeing these mentioned here before: CROS and HSE. I suspect they are too thinly traded for CANSLIM, and CROS has a large B/A spread. Ricardo ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] 2 more candidates? Date: 08 May 1997 18:51:41 +0200 CROS Builder of single family detachted homes in Indiana and Ohio EPS: 97 RS: 64 Ouch! Av daily vol: 8400 Ouch! Acc: B Last 4 Q earnings in %: +19 +23 +50 +48 Current quote: 20 1/4 21 rather high spread I would not buy it because of to low (for me) av daily vol and low RS. HSE RS: 31 Otherwise reasonable. Chart: nothing that gets me excited at the moment. At 11:31 AM 08-05-97 -0500, you wrote: >FWIW, I don't remember seeing these mentioned here before: CROS and HSE. I >suspect they are too thinly traded for CANSLIM, and CROS has a large B/A >spread. > >Ricardo > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] ASMLF Date: 08 May 1997 13:10:05 -0500 Remember this one? Well, the roller coaster is currently climbing. At $91 I heard a very well respected guru on wall street say that he buys almost all stocks that crack the $90 range for 80% of them hit $100 rather rapidly. Never researched this but if so he must be looking at this one now. ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] MSON ? Date: 08 May 1997 14:34:07 -0500 What a shake out? From over 10 to under 8 in just over 24 hours. Now it may even close UP for the day and not down over one. James Guess some day traders did ok for themselves today. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] ASMLF Date: 08 May 1997 12:58:51 -0800 > From: "Brenda" > Remember this one? Well, the roller coaster is currently climbing. At $91 I > heard a very well respected guru on wall street say that he buys almost all > stocks that crack the $90 range for 80% of them hit $100 rather rapidly. I heard Wade Cook say that, and if he is the only one who said it it isn't worth a thing, as I don't think that guy has anything of value to say (to put it mildly). I did think about trying to back test it, but would be very difficult because you would have to know when stock splits occurred. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] HELE Date: 08 May 1997 12:58:51 -0800 I think this stock may have been mentioned before, but one that has a very good chart pattern, very tight price action, is Helen of Troy (HELE) EPS rank is 84, RS 94, AccDist is C, neutral I suppose. 13.1 million shares, 25% mutual fund sponsorship, which is probably a bit high. Earnings forecasts are for earnings to be up about 25 percent next year. Year ended in Feb, earnings were reported yesterday, for the quarter up 33%, full year were $1.24 vs $0.98. May need to go sideways a bit longer, buy point would seem to be in the 26 area. Avg. Volume is 86,000. ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] ASMLF Date: 08 May 1997 16:09:00 -0400 > heard a very well respected guru on wall street say that he buys > almost all stocks that crack the $90 range for 80% of them hit > $100 rather rapidly. it's an old saw james -- the other side is that they often back right back down below 100 to shake out the weak players -- e.g., ck out IBM last year mike ------------------------------------------------------------------------------- From: CardioPhil@aol.com Subject: Re: [CANSLIM] ASMLF Date: 08 May 1997 16:41:49 -0400 (EDT) In a message dated 97-05-08 16:28:02 EDT, you write: << I heard a very well respected guru on wall street say that he buys almost all stocks that crack the $90 range for 80% of them hit $100 rather rapidly. >> Tom Dorsey has said this in the past. Phil ------------------------------------------------------------------------------- From: jtl1126@ix.netcom.com (Jim Long) Subject: [CANSLIM] Re: CANSLIM Date: 08 May 1997 18:08:27 -0500 (CDT) PLEASE TELL ME HOW I CAN GET OFF THE LIST. THANKS, JIM LONG ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DG Beta Testers Date: 08 May 1997 21:39:37 -0400 Well, gee, James, why didn't you just ask if anyone knew of any free charting services? Look how many suggestions you got without even asking! So far, there is no "screening" that I have seen, however there are tables of stocks measured under different criteria (RS 99, fastest growing, etc) which I have used as a starting point, then also looking at the charts of leading stocks in same groups. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] DG Beta Testers > Date: Thursday, May 08, 1997 8:46 AM > > Well, a place to look up stocks graph's fairly quickly w/o spending $.39 > first. How neat. Now, I have another "tool". Just what I needed. Wonder > boys given out sparingly. Question: Can DG's do any kind of search for you. ------------------------------------------------------------------------------- From: derek b Subject: [CANSLIM] VIX redux Date: 08 May 1997 22:33:16 -0400 Here's a VIX explanation from David Stendahl's site. More related to market rather than behavior of high ERG stocks and VIX oscillations. This would be a natural for backtesting. May try it. Derek ----------------------- http://www.geocities.com/WallStreet/1610/index.html The Volatility Index The Volatility Index (VIX) is a measurement of the market's volatility. It specifically measures volatility based on the implied values of eight S&P 100 (OEX) options which when combined calculate the weighted volatility index. The Chicago Board of Options Exchange (CBOE) has been calculating and using this index for five years now and has only recently made it available to the public. Used in its basic form, the VIX can help to determine if OEX options are undervalued or overvalued. Nothing frustrates an option trader more than accurately predicting the market's direction, only to lose money buying an overvalued option. Even if the market moves in the trader's direction, he can still lose money if the option is overvalued. The premium is sucked out of the option simply due to supply and demand factors. Unfortunately, many option traders spend more time analyzing the market's direction, than they do pricing the specific option. Time constraints and a lack of computer power make it virtually impossible for the independent trader to accurately price an option. The VIX Index changes that by allowing traders access to a real time assessment of the market's volatility. Any broker with access to a quote machine can bring up a current valuation of the index. To make money in the options market traders must be aware that volatility direction is just as important as price direction. Put bluntly, if traders ignore the market's volatility, they are dramatically stacking the odds against themselves. Interpretation Bollinger Bands help to quantify the level of the market's volatility. This is not a fool-proof valuation method, but it offers traders a method to measure the market's volatility on a real time basis. When used in conjunction with Bollinger Bands, the VIX Index is easy to understand and gauge. The VIX moves between the upper and lower bands, stopping periodically at the 20 day moving average for support or resistance. When the index is near the upper band, option prices are considered to be overvalued. This should be considered a selling opportunity. On the other hand, when the index is near the lower band, options are considered to be undervalued or at least fairly priced. An option trader should consider this to be a buying opportunity. Other popular technical tools, such as Appel's MACD or Wilder's RSI, offer traders further insight into the market's valuation. Refer to past articles on the calculation and interpretation of these technical indicators. Trading Example A trading situation occurred in September 1993, when Boris Yelzin was fighting with the Russian Parliament. Those of us who had put options at the time made a profit not only because the market fell in value, but more so because the market's volatility increased. Options quickly became overvalued as speculators bid them up above normal levels. The VIX moved into overvalued territory, presenting traders with a perfect selling opportunity. The volatility in this case worked like a rubber band on the options, causing them to prematurely stretch or increase in value. When market conditions push options to these levels, sell. At a minimum, traders should recognize these areas as poor buying opportunities. Option Screening Device The VIX Index can also be used as a screening indicator. A conservative trader might choose to go long the OEX market only if the VIX is close to the lower band. This will prevent traders from jumping on board every trading opportunity regardless of price. A quick look at the VIX should advise most traders when to pass on a trading situation and wait for a better opportunity. The bottom line is that the risk/reward ratio is always stacked against you when options are in overvalued territory. The better strategy is to wait for the options market to stabilize, before blindly jumping into an unprofitable trade. Most investors that trade the long side of the market lose, simply because they do not correctly price their options. The VIX Index offers OEX traders a potent real time pricing model without having to rely on massive computer power. During the 1993 trading year, it was easier to make money trading puts than calls. When calls looked attractive from a chart basis they were usually overvalued. The reverse occurred trading puts; the options were often fairly valued when technical indicators pointed to the downside. Although the VIX is still relatively new to the trading community, it has become an important component of my proprietary trading programs. ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: [CANSLIM] 5/9/97 Watch List Date: 08 May 1997 22:55:02 -0400 (EDT) Don't have enuf time to give a statistical rundown of the following but here's what I'm watching going into the 5/9/97 market open: Hot List Warm List ---------- -------------- KNCI SOC LSST CCAM SESI Invest at your own peril and/or risk tolerance. :) Trader Jack ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Wall Chart Timing Indicator Date: 08 May 1997 22:18:41 -0500 One of the very best indicators I have found is my Wall Chart Timing Indicator. It forecast that the correction was over and it forecasts, within 48 hrs, when to expect a BIG day either up OR down. You may have read the article some time back by a manager that had his own Wall Chart. He basically followed about 350 stocks on a daily basis and IT told him what he needed to know about the market. That is what my Wall Chart is and does. It is a group of stocks whose graphs are still intact and have and are not participating in a downturn or correction. The number of stocks on it has continually decreased week by week by week. The Wall Chart by the very nature of it will follow the BIG or SMART money. Starting Tuesday of this week the Wall Chart started showing a downtrend. What that means is one of two things. THE MARKET is either coming down or the SMART money has rotated out into other areas. If the later, it takes a little while but THAT money is found through scanning. Of course, we know many of the tech stocks are climbing. Well, sure enough there will be a large number of stocks added to the Wall Chart that are not there right now and many there were removed tonight. Both above scenerios can be true and usually come together. The Wall Chart tells me that the smart money is/has moved and that "the market" is about to go down. Most of the type stocks I follow (LL to UR) are already doing so. I am NOT a market timer but do use all tools available to me to "help" me to be able to "anticipate" what the market is doing. Tonight, while viewing and scanning charts on TC2000 I did NOT see any particular trend except random "cheap" stocks getting activity that they do not "usually" get. Some of the old timers are attempting come backs, but it is NOT across the board. Therefore, I am looking to move into stocks that look and are acting somewhat like EPG. Maybe own a CNC. Own an ALTR or a DELL but not overloaded. Wish I could afford to buy about 500 shares of TBR - This one is a little expensive for me. SMFC has very little volume but it just continues to move slowly on up. Up 5% this week. ASTSF is up over 5% this week and just keeps eeking on up ever so slowly. No day down from the previous day in the last 5 days in a row.CPWR has hung in there pretty good on pretty fair volume. AEIS "could be" poised for a move upward. So could LSCC. Will probably be adding about 30 stocks to the Wall Chart tomorrow thus changing it's complexion a LOT being as there are only 34 on it now. What does all of this have to do with CANSLIM? Use the info if you can as a "tool" but I have found what I do works BEST when full scale CANSLIM is working. What I do works when CANSLIM does not, BUT, not nearly as well. What I am seeing, is even though all these records keep getting broken right and left, I do NOT see this dart throwing thing Ms. Garzarelli is talking about. Much to the contrary. So, be careful, keep looking, scanning and searching. I even bought two REAL, REAL "cheap" stocks today. No Tom, not penny stocks, but it "felt like" I was buying penny stocks when I bought them. (PARL & DRNK). Have a good day and let's keep looking for the very best CANSLIM candidates that we can fine. Have a good day. Good luck! James ------------------------------------------------------------------------------- From: "Mike Artobello" Subject: [CANSLIM] My breakout list Date: 08 May 1997 21:53:48 -0800 There hasnt been much to look at until recently, so it's been awhile since I've posted. Here's my list of recent breakouts w/canslim numbers. I've bought a most of these this week and am ahead so far. ADEX EPS 87 RS 90 GRS 54 GR 12% A/D A Time. B CIBR EPS 99 RS 96 GRS 68 GR 72% A/D A Time. A FINE EPS 96 RS 98 GRS 65 GR 65% A/D A Time. B HONI EPS 87 RS 90 GRS 54 GR 12% A/D A Time. B JBIL EPS 91 RS 99 GRS 92 GR 27% A/D A Time. A STRA EPS 91 RS 96 GRS 28 GR 33% A/D B Time. A I know ADEX has been mentioned here before, it's been on my watch list for quite sometime, as have the others. There are several more on my watch list that are near a breakout but need more time to develop. Hope to be able to contribute more later. Regards, Mike Mike Artobello marto@ccnet.com http://www.ccnet.com/~marto/ ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] One to watch Date: 09 May 1997 13:07:11 GMT+7 Nokia (NOK A) is a larger cap issue that looks to be building a nice cup and handle. Volume dried up nicely along the lows of the cup, and is tapering off as the handle trends lower. EPS 84, RS about 90. It had several bad quarters, but earnings appear to have turned up again. They are due out tomorrow. On Balance Volume is making new highs. I don't own it, and probably won't be buying unless I get stopped out of something else, as I am fully invested. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ My wife ran away with my best friend. I sure miss him. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] 5/9/97 Watch List Date: 09 May 1997 13:07:16 GMT+7 ** Reply to note from investor@yvv.com (Trader Jack) Thu, 8 May 1997 22:55:02 -0400 (EDT) > Don't have enuf time to give a statistical rundown of the following but here's > what I'm watching going into the 5/9/97 market open: > > Hot List Warm List > ---------- -------------- > KNCI SOC > LSST CCAM > SESI Some unsolicited observations on your watch list: KNCI I don't know if it is an error with Quotes Plus, but it show the RS breaking down badly on this one. The OBV isn't so great either. LSST Nice looking chart, but the group is very weak and there are no other high RS stocks in the group. SESI Too cheap for me. SOC Looks good. Already on my "watch list". CCAM Way too cheap for me. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Sex is like a bridge game: If you don't have a good partner, you better have a good hand. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] WON 3rd in series, Investor's Corner Date: 04 May 1997 17:47:39 GMT+7 Does anyone have the text from William O'Neil's third installment in the Investor's Corner articles? I never got a chance to read it. Thanks. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Civilization is the process of setting man free from men. -- Ayn Rand ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Last but not least EESI Date: 06 May 1997 03:03:43 GMT+7 There goes EESI, breaking out on about 4 times its daily volume. Bull markets sure are a lot more fun than bears. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] TSK Help! What do I do with this? Date: 06 May 1997 23:06:44 GMT+7 I have never had a stock shoot up as fast as TSK is. It is up over 25% in three days. Anybody have any suggestions on whether to hold it or take the money and run? Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Greenspan Date: 09 May 1997 07:06:06 -0500 Paraphrased - While there is SCANT evidence of ANY inflation ANYWHERE the credit markets continue unchecked (almost word for word) and here comes the goodie - even in the light of no apparant inflation ANYWHERE I, personally, am still going to raise the rates if the market keeps climbing. Well, the press is putting their own spin on what he said and the above was mine. Hang in there Tom, "your man" is probably not going to let you down unless we have an out and out CRASH in the market. We will be hearing snips of his speech all day I'm sure. James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] AP's take on Greenspan Date: 09 May 1997 07:33:39 -0500 http://www.msnbc.com/news/73672.asp#survey ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] TSK Help! What do I do with this? Date: 09 May 1997 08:39:42 -0400 > up over 25% in three days. Anybody have any suggestions on > whether to hold it or take the money and run? new contracts and the announcement of a 2-1, lotsa perceived good news in rapid succession, market snaps back sharply at the same time -- *very* fortunate timing, how long can the excitment last i wonder...and now the talking heads say the fed won't act this month, panic buying persists nevertheless sharp traders may be likly to be holding razor thin stops, not a bad idea for at least part of a position mike ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] My breakout list Date: 09 May 1997 09:08:07 -0400 (EDT) >There hasnt been much to look at until recently, so it's been awhile >since I've posted. Here's my list of recent breakouts w/canslim >numbers. I've bought a most of these this week and am ahead so far. > >ADEX EPS 87 RS 90 GRS 54 GR 12% A/D A Time. B >CIBR EPS 99 RS 96 GRS 68 GR 72% A/D A Time. A >FINE EPS 96 RS 98 GRS 65 GR 65% A/D A Time. B >HONI EPS 87 RS 90 GRS 54 GR 12% A/D A Time. B >JBIL EPS 91 RS 99 GRS 92 GR 27% A/D A Time. A >STRA EPS 91 RS 96 GRS 28 GR 33% A/D B Time. A Nice list, Mike. If "M" continues in a favorable direction, you should be set up quite nicely! BTW, looks like a firmer open at least for Nasdaq stocks this morning. Some of the bigger issues (INTC, MSFT) are posting higher bids than yesterday's close in pre-open trading (as of 9:15am, EDT). CLOSE BID ASK VOLUME MSFT 116 1/2 117 1/2 116 23,800 INTC 158 3/4 161 159 45,300 Trader Jack ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] 5/9/97 Watch List Date: 09 May 1997 13:46:17 +0200 Trader Jack, Thank you for the nice list. Quick comment first: I know only one stock on your list: SESI. Made incredible money with it in about 1 to 2 weeks. The oil sector was hot at that time! KNCI: A leading maufacturer/supplier of specialized therapeutic beds and rental medical equipment to healthcare providers EPS Rnk: 74 RS: 65 ACC: A shares: 44.2 mio funds: 26% ADV: 54,100 Quote: $14.750 - 0.125 vol: 154.900 earnings last 4 Qs in %: +38 +0 + 28 + 21 last 5 years: .63 .18 .53 .63 .79 estimates: 1997: 0.90 (+14%) 1998: 1.05 (+17%) chart: looks like cup and handle to me (I am looking a DG chart so can only see chart back till Oct 96, because the rest in hidden by data box) Verdict: I'm going to watch this one. LSST Lone Star Technologies: holding co for lone star steel co producing oilfield products and services and EPS Rnk: 77 RS: 83 ACC: B shares: 20.5 mio funds: 9% ADV: 89,500 Quote: $19.875 +.625 vol: 47.100 earnings last 4 Qs in %: +209% +100 +245 + 185 last 5 years: -.51 -.69 -.19 .46 1.19 estimates 1997: 1.55 (+30%) 1998: 1.93 (+25%) chart: sorta cup and handle. Looks good enough to me to be worth watching Verdict: I like this baby. Will be watching. SESI: Superior Emergy SVCS Holding co whose subsidiaries provide specialty rental equip and fishing tools, drill pipe and skilled personnel EPS rnk: 74 RS: 95 ACC: B shares: 1.6 mio Funds: 27% (Wow, from what I remember this is quite a bit more that it was when I last owned it.) ADV: 62,300 Quote: 4.625 + .125 vol: 13,800 earnings last 4 Qs in %: +67, + 200, + N/A (0.07 vs -0.41), + 100% last 5 years: .12 .33 -.25 -.38 .22 est 1997: .30 (+ 36%) 1998: .37 (+23%) chart: small cup with long handle some days with small vol, some with high vol Verdict: I'll be watching this one (again). Thanks for the nice watch list! PS: A quick look at SOC: nice 1997 est 1.50 (+417%). And CCAM: $3.375 and cup and high handle with nicely decreasing vol. Last 5 years earning don't look to good. To much risk for my liking. At 10:55 PM 08-05-97 -0400, you wrote: >Don't have enuf time to give a statistical rundown of the following but here's >what I'm watching going into the 5/9/97 market open: > >Hot List Warm List >---------- -------------- >KNCI SOC >LSST CCAM >SESI > >Invest at your own peril and/or risk tolerance. :) > >Trader Jack > > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] Market Comments from DBC Date: 09 May 1997 12:55:03 +0200 MARKET COMMENT: Historically, there have usually been one or two particularly auspicious times to buy stocks in a given year. November 1990, December 1991, July 1993, January 1995, January 1996, and August 1996 all offered timely opportunities to take advantage of a change in the intermediate-term (several months) trend. The current market is considered another such opportunity. On April 7, it was mentioned in this space that "the market will always attempt to rally after becoming oversold on an intermediate-term basis. The quality of this rally will tell much about the longevity of the bull market. Specifically, the next advance's breadth, volume, and leadership will offer important clues as to the market's health." By any definition, the breadth of the four-week-old advance has been exceptional. Friday's ratio of NYSE advancing issues to declining issues was 4.22, the highest since the 6.83 figure of April 1994. In fact, the highest level this ratio could register in the banner market of 1995 was a 3.55 reading in February. And in 1996, the top reading was 3.91 in August. Further, the 10-day moving average of the ratio of NYSE advancing issues to declining issues has often signaled a major advance when it approached the 2.0 level. Monday's reading of 1.98 was the most since January 1992, when the ratio peaked at 2.17. Other high levels of this ratio included the 1.86 figure of ugust 1996 and the 2.37 reading of February 1991. Additionally, the daily ratio of up volume to down volume on the NYSE has often led to a substantial move in stock prices when it exceeded the 8.0 level. On April 29 it surged to 8.74, the most since April 1994. This was followed by another high reading of 6.85 on Monday. Other readings of 6.00 or greater included the 6.14 figure of May 1995, the 6.00 figure of February 1996, and the 6.99 figure of August 1996 --in each instance, a major market advance was to follow. Moreover, on Monday, the Nasdaq version of this ratio hit 5.27, the most since April 1994, surpassing the 4.09 high for all of 1995. Also, the number of new 52-week highs on the Big Board crested to 286 on Monday, while the Nasdaq new-high list expanded to 234, further evidence of sharply improving breadth. Volume has picked up markedly in recent sessions, most notably on the Nasdaq, where 872 million shares changed hands Monday. And on days when stock averages have declined, trading activity has slackened, a bullish development. Critically, leadership has been absolutely outstanding on the Nasdaq. Growth stock after growth stock, most of them of the small- to medium-capitalization variety, broke out of basing areas on huge volume at the end of last week. In the process, these stocks, with names like Ciber, Autodesk, Datum, Data Dimensions, Eastern Environmental Services, I Two Technologies, Information Management Resources, Innovex, JPM, Jabil Circuit, KLA Instruments, Kulicke & Soffa, Lattice Semiconductor, Linear Technology, Manugistics, Rehabcare, Outdoor Systems, Tekelec, and U.S. Long Distance have established themselves as the outright leaders of the new market cycle. [I'm impressed with how many our group has recognized in time the last few days/weeks.] Important leadership has also come from five of the six bellwether technology issues that led the market during the second half of 1996: Dell Computer, Compaq Computer, Microsoft, International Business Machines, and Intel. Of additional note is the strong action in the Dow Jones utility average. This leading indicator of market direction has recouped over half of its sharp January-to-April decline. Monday, the index completed its biggest two-day advance since Oct. 21, 1987. Too, market sentiment has played a strong role in the current rally. It is to be noted that, in the week ended April 25, the number of bullish advisors dropped to their lowest level since December 16, 1994, when the rally of 1995 commenced. [As I have stated before I find this an important indicator. % of bullish investment advisors. The lower the better.] The view here, as stated April 7 in this space, has been that the next advance would be led by the technology sector, the semiconductor and data storage groups, in particular. Computer-related shares, as measured by the Morgan Stanley High Tech 35 index, surged 19.6 percent in the six-day period ended Monday. And the semiconductor group, as gauged by the Philadelphia Stock Exchange semiconductor index, last week preceded all major stock market averages into new high ground. Transportation and retail sectors were also seen as market leaders. These have outperformed and should continue to do so as economic growth remains healthy. A welcome surprise has been the rebound of the interest-rate sensitive financial sector, an important component of any market advance. In summation, the market's tremendous momentum and exemplary leadership augur for a meaningful bull move in stocks over the intermediate-term. The risk, as usual, is a back-up in interest rates. Monetary conditions remain negative, while intermediate trend, breadth, volume, leadership, and sentiment are positive. Source: http://www3.dbc.com/cgi-bin/htx.exe/newsroom/snapshot.html?source=core/dbc Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] Intros Revisited Date: 09 May 1997 9:25:15 CDT Tom, I wrote a program to search the archives for the words: intro or welcome, or "first post". I've found a LOT more than I expected since there are a lot of "intro" parts stuck in other messages. So... I am searching through those. FWIW, I have yours (from Oct 30 1996)... but aside from you and Craig, there hasn't been much interest. Many members posted an intro at some time. Many have not. Others probably did (e.g. Johan) but didn't use the word "intro" or any of the above - so it didn't get pulled. As always, I will leave it up to people as to what they want to do. I am between jobs right now. I start a new one on the 19th - so all work will be done by then. I have only received about 4 by mail - so I'm assuming there's not much interest (again aside from you and Craig who encourage it). But... I'll do it anyway. > > Dave, since it is apparently easier for you to get the more recent > intros, do you want us to just flood majordomo with our intro's? I > don't mind, you know by now that I love typing, and now I can > include in my credits calling an end to the correction! :--) > > BTW, sounds like a great vacation! But we appreciate it > nonetheless. > > tom w > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be intrepreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. > > ---------- > > From: David F. Cameron > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Intros Revisited > > Date: Wednesday, May 07, 1997 11:09 PM > > > > OK.... I've started this thing in earnest today. I'm off work > > for the next week - so I pulled down the archives and wrote a > > program to search for intros. It needs refinement, but here's > > the scoop. I have a fair amount of intros from recent joiners. > > I also have a few from people who don't seem to be on the list > > anymore. I DON'T have intros from a few active members. I > > don't have one for Craig, Zoran, Johan VanHoutven (even though > > I remember him posting one), HJS/Goldfish, and maybe some others > > > ------------------------------------------------------------------------------- From: David F. Cameron Subject: Re: [CANSLIM] Intros Revisited Date: 09 May 1997 9:38:31 CDT p.s. Just modified program to find 'hi', 'hello' or 'new' -which adds a lot more messages, but finds a fair amount of intros: A lot of the messages start 'Hi folks' or ' Hi Canslimmers' or something along those lines... Dave > > Tom, > > I wrote a program to search the archives for the words: intro > or welcome, or "first post". I've found a LOT more than I > expected since there are a lot of "intro" parts stuck in other > messages. So... I am searching through those. FWIW, I have > yours (from Oct 30 1996)... but aside from you and Craig, there > hasn't been much interest. Many members posted an intro at > some time. Many have not. Others probably did (e.g. Johan) > but didn't use the word "intro" or any of the above - so > it didn't get pulled. > > As always, I will leave it up to people as to what they want > to do. I am between jobs right now. I start a new one on > the 19th - so all work will be done by then. I have only > received about 4 by mail - so I'm assuming there's not much > interest (again aside from you and Craig who encourage it). > But... I'll do it anyway. > > > > Dave, since it is apparently easier for you to get the more recent > > intros, do you want us to just flood majordomo with our intro's? I > > don't mind, you know by now that I love typing, and now I can > > include in my credits calling an end to the correction! :--) > > > > BTW, sounds like a great vacation! But we appreciate it > > nonetheless. > > > > tom w > > ------------------------------------------------------------------------------- From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] 5/9/97 BREAKOUT! Date: 09 May 1997 10:43:34 -0400 (EDT) NATL is breaking out as I write this. It's a lower priced issue in the mid-5's, but the momentum players are bidding it up now. I guess I'm now one of those players as I bought some a couple of minutes ago. Laters, Trader Jacks ------------------------------------------------------------------------------- From: OWENTIME@delphi.com Subject: [CANSLIM] Premier Laser Technology (Lasered tooth drilling) Date: 09 May 1997 11:02:15 -0400 (EDT) How much more momentum left on this run up this week of 6 (++) points? Now around 12 7/8. Could it be a "Zitel in Jan.?" ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Neck Going On The Block Date: 09 May 1997 10:23:36 -0500 OK- I keep reading about all this optimism and how the bulls are lowering in number so therefore market going up, etc., etc., etc. Oh yeah, and AG will have NO effect on the market. Back when Tom called the bottom I am sure he will tell you that I had ALREADY called it. Did it NATIONALLY via another media. Well, I am calling us within 2% of as high as we are going to go for the next 30 days. No point explaining it - just calling it. Some just don't want to hear it. I sincerely "hope" I am wrong, but the euphoria is out of control, the ignoring of prudent warnings is evident, almost worthless stocks getting play like they never have before, the majority thinking buy candidates are in abundance, etc. etc. . Almost agree that Mr. G. SHOULD do HIS thing. Have a good day. Market up 50, go get a soda and it's down when you get back and before you can get this post typed its back up 5 now. Been fully invested for 7 full years and done quite nicely, thank you very much. Looking for exit points now and doing so very quickly. James For those who stay and are in Ms. G's camp darts are 3 for a dollar at Wal Mart. But then that's what makes the market work so well. Usually there is somebody standing in line to sell you whatever you want or vice versa. TBR, a $125 stock, already up 1 3/4 on a million shares at 10am CST. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] UWZ & TSK Date: 09 May 1997 22:56:05 GMT+7 Per my earlier message, UWZ continues its move. Up another 1 1/4 so far today on huge volume. TSK is up another 2 1/8 on decent volume. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Hold a hard drive to your ear -- listen to the C: ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Neck Going On The Block Date: 09 May 1997 12:01:52 -0400 Brenda wrote: > > OK- I keep reading about all this optimism and how the bulls are lowering > in number so therefore market going up, etc., etc., etc. Oh yeah, and AG > will have NO effect on the market. > Back when Tom called the bottom I am sure he will tell you that I had > ALREADY called it. Did it NATIONALLY via another media. Well, I am calling > us within 2% of as high as we are going to go for the next 30 days. No > point explaining it - just calling it. Some just don't want to hear it. I > sincerely "hope" I am wrong, but the euphoria is out of control, the > ignoring of prudent warnings is evident, almost worthless stocks getting > play like they never have before, the majority thinking buy candidates are > in abundance, etc. etc. . Almost agree that Mr. G. SHOULD do HIS thing. > Have a good day. Market up 50, go get a soda and it's down when you get > back and before you can get this post typed its back up 5 now. > Been fully invested for 7 full years and done quite nicely, thank you > very much. Looking for exit points now and doing so very quickly. > James > For those who stay and are in Ms. G's camp darts are 3 for a dollar at > Wal Mart. But then that's what makes the market work so well. Usually there > is somebody standing in line to sell you whatever you want or vice versa. > TBR, a $125 stock, already up 1 3/4 on a million shares at 10am CST. So James you are not going short on those cute high flying breakouts that we have been hearing about these days, are ya? :-) The trading does seem very volatile and I agree about the ridiculousness of the market comments by media. When they say "Bulls make money, Bears make money, and Pigs get slaughtered", I knew the pigs as the one who switched rapidly between a bull and a bear and could not make up their mind; too bad those folks on TV who change their analysis of the market are not heavily invested otherwise there would be a lot of pigs. There was a stark difference in AP's take on Greenspan's comments that you posted and what I heard on Bloomberg in the morning. It appears to me that the cause effect (or predecessor/successor) relationship between the market action and market analysis is turned around 180 degrees. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Neck Going On The Block Date: 09 May 1997 12:08:11 -0500 I've NEVER shorted anything in my life but right now the "temptation" is almost unbearable. There are so many short candidates out there that it's ludicrous. Talk about "dart throwing" time. What to short? Almost take a dart, right now. If I were to short, I'd start with ALL Indexes, then move into CPQ, DELL, INTC, (would leave MSFT alone-Gates too smart). Now being a chicken at heart and not willing to lose the farm if wrong I would hedge with options. That way the worst scenerio would be lose the option money and the commission on my shorts. It might work better the other way to buy options shorting all of this stuff. It CERTAINLY ought to be cheap right now. Oh well, thank heavens not into that shorting. Do people who short sleep at night? I'm afraid I would not be able to nor have what it takes when the stock or option moves the wrong direction. Oh well, good luck to ALL of you out there. "The market fools MOST of the people MOST of the time!". James ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Neck Going On The Block > Date: Friday, May 09, 1997 11:01 AM > > Brenda wrote: > > > > OK- I keep reading about all this optimism and how the bulls are lowering > > in number so therefore market going up, etc., etc., etc. Oh yeah, and AG > > will have NO effect on the market. > > Back when Tom called the bottom I am sure he will tell you that I had > > ALREADY called it. Did it NATIONALLY via another media. Well, I am calling > > us within 2% of as high as we are going to go for the next 30 days. No > > point explaining it - just calling it. Some just don't want to hear it. I > > sincerely "hope" I am wrong, but the euphoria is out of control, the > > ignoring of prudent warnings is evident, almost worthless stocks getting > > play like they never have before, the majority thinking buy candidates are > > in abundance, etc. etc. . Almost agree that Mr. G. SHOULD do HIS thing. > > Have a good day. Market up 50, go get a soda and it's down when you get > > back and before you can get this post typed its back up 5 now. > > Been fully invested for 7 full years and done quite nicely, thank you > > very much. Looking for exit points now and doing so very quickly. > > James > > For those who stay and are in Ms. G's camp darts are 3 for a dollar at > > Wal Mart. But then that's what makes the market work so well. Usually there > > is somebody standing in line to sell you whatever you want or vice versa. > > TBR, a $125 stock, already up 1 3/4 on a million shares at 10am CST. > > So James you are not going short on those cute high flying breakouts > that we have been hearing about these days, are ya? :-) > The trading does seem very volatile and I agree about the ridiculousness > of the market comments by media. > When they say "Bulls make money, Bears make money, and Pigs get > slaughtered", I knew the pigs as the one who switched rapidly between a > bull and a bear and could not make up their mind; too bad those folks on > TV who change their analysis of the market are not heavily invested > otherwise there would be a lot of pigs. > There was a stark difference in AP's take on Greenspan's comments that > you posted and what I heard on Bloomberg in the morning. > It appears to me that the cause effect (or predecessor/successor) > relationship between the market action and market analysis is turned > around 180 degrees. > > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 > ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] "The Fed" Date: 09 May 1997 13:08:09 -0500 Hi Group, With all these "spins" others give different words and combinations of words should you wish to read for yourself Mr. Greenspan's speech last night go to: http://www.bog.frb.fed.us/BOARDDOCS/SPEECHES/19970508.htm If you just want to go to their basic site go to: www.bog.frb.fed.us/ Use this info if you want. Have a good one. James ------------------------------------------------------------------------------- From: GoldFish Subject: [CANSLIM] Spreed Sheet of O'Neil's trading record Date: 09 May 1997 17:00:35 -0700 This is a multi-part message in MIME format. --------------26247945303A Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Hi Folks: Since some of you have requested, I'll post it here. Note: I assume one share of the stock is traded to calculate the return. -- GoldFish "Every stock is a bad stock..." --------------26247945303A Content-Type: text/plain; charset=us-ascii; name="ONEIL.SS" Content-Transfer-Encoding: 7bit Content-Disposition: inline; filename="ONEIL.SS" ÿfTå5”/ÀÀ'u_ÞD@À × @ À À ÀbrÀ×£pí¿ ×À ×£p= À À --------------26247945303A-- ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Currency markets anticipate no rate hike? Date: 09 May 1997 19:15:02 -0400 Johan, Thanks for the post from DBC. Found it very interesting. Here is more fuel for the fire from the Closing Bell Currencies Report: Regards, Craig > >Closing Bell Currencies Report for Friday, May 09, 1997 > >******************************************************************** > >The dollar extended overseas losses to end sharply lower against >the yen and other major currencies on Friday amid diminishing >expectations for higher U.S. interest rates and mounting signs that >rates could rise in Japan, currency experts said. > >More jawboning from Japanese officials also weighed on the >greenback during U.S. hours, sparking a technical breakdown which >took the dollar to its lowest level against the yen since late >January. The dollar's retreat from an Asian session high of 123.71 >to a U.S. session low of 119.10 was the largest intraday fall in >dollar/yen since September of 1995. > >"It just seems that expectations for interest rate spreads have >changed and instead of widening out we're possibly looking at a >narrowing," said Bob Near, vice president on the corporate foreign >exchange desk at Bank of New York. "I think that's what was being >priced in today." > >The dollar's supportive fundamental backdrop began to crumble after >a late Thursday speech by Federal Reserve Chairman Alan Greenspan, >dealers said. The U.S. central bank chief said he expected U.S. >growth to slow later this year and cited only scant signs of a >resurgence of inflation. > >In contrast, a report in Japanese newspaper Nikkei Kinyu hinted of >higher rates in Japan by noting that talk of a July interest rate >hike was behind rising Japanese government bond yields. "Shifting >interest rate expectations are occurring in Japan alongside >repeated concerns about yen weakness voiced by Japanese officials," >said Bob Lynch, senior currency analyst at MMS International. > >Traders talked of high iliquidity on Friday and a lack of >bottom-fishers, even at the dollar's lower levels. They attributed >the market's vulnerability to the sharp and sudden downturn to an >overabundance of long dollar positions. Remarks from U.S. Treasury >Secretary Robert Rubin, who defended his consistent support of a >strong dollar on Friday, gave the dollar only fleeting support. > >Dealers said Friday's move had left many dollar bulls stunned and >predicted many market players would turn cautious as they picked up >the pieces in the weeks ahead. "I don't expect a lot of big moves >in the next month because nobody's going to want to play after a >day like today," said Bob Savage, chief dealer at Lehman Brothers. > >For the full text story, see >http://www.merc.com/stories/cgi/story.cgi?id=2855658-420 > >------------------------------------------------- > U.S.$ in Fgn.Curr. >COUNTRY - CURRENCY Fgn.Curr. in U.S.$ >------------------ ------ ------- >ARGENTINA - PESO 1.00 1.00 >AUSTRALIA - DOLLAR 1.2863 .7774 >AUSTRIA - SCHILLING 11.880 .0842 >BELGIUM - FRANC 34.82 .0287 >* If you'd like to subscribe to other Closing Bell products or > change your basket of securities, simply update your Closing Bell > profile. Visit http://www.merc.com/cb/cgi/cb_merc.cgi?action=enter ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Archives Info ***Repost*** Date: 09 May 1997 19:16:55 -0400 I will be reposting this to the group every so often with the same title so you can easily hit the delete key when you have read it once. This is a standard repost to notify newcomers to the existence of the CANSLIM list serve archives. It serves in lieu of a FAQ to allow you get up to speed with the group in some respects. Thanks again to Jeff Salisbury for providing the list server. Here are the two ways to access the archives: 1)(BEST way) via your web browser at: ftp://ftp.xmission.com/pub/lists/canslim/ Click on either "archive" or "latest" and browse away. 2)(Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Greenspan said nothing new? Date: 09 May 1997 19:25:57 -0400 James, Thanks for the post pointing to Greenspan's comments. Here is another take on the same comments (see my related post re: Currencies), this time coming from a stock market commentator. From today's Closing Bell Midday Update: Regards, Craig >Closing Bell Midday Update for Friday, May 09, 1997 > >******************************************************************** > >U.S. TRADING SUMMARY: Wall Street stocks were flat in early >afternoon trading as a brief burst of euphoria over statements made >by Federal Reserve Chairman Alan Greenspan faded. At 1:35pm EDT, >the Dow industrials were down one to 7135, while the Nasdaq >Composite was down only fractionally at 1330. Market breadth >remain slightly positive (13 to 10) on moderate NYSE volume of 296 >million shares. U.S. Treasuries were mostly higher but well off >their earlier highs, with th 30-year Treasury up 7/32 to 6.92%. >"The statements made by Greenspan last night were not news at all. >But there was an outbreak of irrational exuberance in early >trading, and now the markets are reflecting the fact that what he >said is not news," said Hugh Johnson, chief investment officer at >First Albany Corp. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Currency markets anticipate no rate hike? Date: 09 May 1997 20:50:38 -0400 In turn, the sharp drop in the dollar:yen as well as increased expectation of no Fed action this month helped spur a further rally in gold, now trying to claw its way back over 350. Signs of an improving Japan economy are helping. Now comes the hard part, a weaker dollar helps exports and reduces the trade deficit, thus increasing demand on US production activity and business, while also improving foreign currency exchange profitability for US intl corps. How will this affect the Feds views of a slowdown in growth and threat of inflation. Couldn't have happened at a worse time IMHO. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Craig Griffin > To: canslim@xmission.com > Subject: [CANSLIM] Currency markets anticipate no rate hike? > Date: Friday, May 09, 1997 7:15 PM > > >Closing Bell Currencies Report for Friday, May 09, 1997 > > > >******************************************************************* * > > > >The dollar extended overseas losses to end sharply lower against > >the yen and other major currencies on Friday amid diminishing > >expectations for higher U.S. interest rates and mounting signs that > >rates could rise in Japan, currency experts said. > > > >More jawboning from Japanese officials also weighed on the > >greenback during U.S. hours, sparking a technical breakdown which ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intros Revisited Date: 09 May 1997 21:00:00 -0400 I would hope like so much here that there is much more interest than has been expressed. Things seem to happen slowly here. When I first took my mkt comments private, only had one request in the first week, and my feelings were kinda hurt cuz I thought I had been doing a good service. But over the next month or so, the list gradually grew as others got around to requesting it or heard about it from other posts. Eventually almost a third of the group was on the list, that was when I brought it back to the group. Let's try something: OK everybody, if you never posted your introduction before, now's the time. Flood majordomo this weekend and let's hear from you. Tell us a little about your professional background, trading experience, and any wrinkles you may have on using CANSLIM. Those that previously posted but didn't include "intro" in it, now's your chance to update it. Let's make David's job as easy as we can, after all, he's doing this on his vacation job as a service to us all, and esp the newcomers who are probably arriving nearly every day. Who knows when you may want to know if someone has technical or job related info you REALLY need? tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: David F. Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Intros Revisited > Date: Friday, May 09, 1997 10:25 AM > > Tom, > > I wrote a program to search the archives for the words: intro > or welcome, or "first post". I've found a LOT more than I > expected since there are a lot of "intro" parts stuck in other > messages. So... I am searching through those. FWIW, I have > yours (from Oct 30 1996)... but aside from you and Craig, there > hasn't been much interest. Many members posted an intro at > some time. Many have not. Others probably did (e.g. Johan) > but didn't use the word "intro" or any of the above - so > it didn't get pulled. > > As always, I will leave it up to people as to what they want > to do. I am between jobs right now. I start a new one on > the 19th - so all work will be done by then. I have only > received about 4 by mail - so I'm assuming there's not much > interest (again aside from you and Craig who encourage it). ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Economic / Market environment Date: 09 May 1997 23:09:08 -0400 Tom and Everybody, Tried to draw up a little summary of how I look at the economic / market environment. I don't have a lot of expertise in this, but thought I might learn something from any comments/discussion anyone chooses to add. Some of the bad signs: 1. the oil group seems to be perking up (some rumblings in the middle east) 2. the papers and perhaps some of the other cyclicals are doing well lately - usually happens at the end of a bull doesn't it? 3. there is a lot of money being thrown at low quality stocks 4. the economy is hitting on all cylinders and running at about 78mph with a speed limit of 80 before the fed slams on the brakes good 5. a quarter point hike seems likely in May, but the market doesn't seem to believe it Some of the good signs: 1. low inflation 2. strong corporate profits 3. dollar strongest it has been in years (except for last week or two) - this is good and bad, but I believe a strong currency is mostly good 4. broad based, sharp rally in the markets recently, feels like 1991 all over again 5. leading stocks forming nice bases (some have broken out already - others have been in a big hurry to flesh out their bases so they can break out soon - maybe. Like INTC, WDC, CNC, SLB ... and lots of others) 6. lots of pessimism and money still on the sidelines 7. market has overcome a weak bond market the last couple of sessions 8. Greenspan got married and if that doesn't make one loosen the purse strings, nothing will :>) Just kidding, scratch that last one. Interesting environment. Is the market whistling past the graveyard or flying over it with ET. Guess we will know in due course. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economic / Market environment Date: 09 May 1997 23:30:07 -0400 The key to what the Feds will do with rates at this month's meeting lies in the change (trend) in economic reports. In the past month, and too early to have been caused by the Mar hike, we have seen a slowdown in growth rates. At the same time, we have not seen the expected hike in labor costs caused by compensation costs (primarily medical care). We have seen unusual criticism of the Fed from the political sector (who can't even balance a budget, and often can't even complete an unbalanced budget by fiscal year end, but still consider themselves economists and experts on monetary policy) as well as criticism and confusion from the public at large (that's you, James, at least the criticism part!). Within the past several weeks, due to surprisingly mild economic reports and decreased adjustments in prior reports, the trend has changed to downward. Within the past week, the concensus has shifted to no hike this month, but start the worry factor over the July meeting. Greenspan's speech to his alma mater last night seemed to pretty well skip over his fears of rising labor costs, which makes sense since recent reports had clearly diminished this factor as a driving reason for a rate hike. Instead, he seemed to be focused on the sharp increase in credit at both the consumer and the business level. Consumer credit levels, along with increasing bankruptcy filings and the added expense to creditors thereto, has been a concern of mine for some months now and I have mentioned it here. It appears to me that it is becoming Greenspan's new "bellweather" signal, and thus will get more importance as an indicator in the future. Barring any surprise reports between now and the meeting, and I don't think there are any "important" reports still pending, I don't expect a rate hike. However, I expect the mkts to remain confused (bond, NYSE, NASDAQ) between now and then as different people read Greenspan's remarks differently. For example, James reads Greenspan as feeling the mkt is too high priced and will hike rates for that single reason alone, while I feel the mkt is trading at pretty high valuations (S&P 500 closed today at a PE of 21.34, a year ago it was at 18.85, and just a week or so ago it was threatening to drop under 19). Nonetheless, James fears a rate hike is likely, and I don't expect one this month. Different people, different interpretations, different opinions. Only time and the Feds will tell who is right. BTW, dollar weakened dramatically and in a major way this week, partially due expectation of no hike from our Feds while Japan increasing slightly due improving economy there, thus lowering the spread between our two interest rates. Expectation of a hike here had led most to anticipate an increase in the spread. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Craig Griffin > To: canslim@xmission.com > Subject: [CANSLIM] Economic / Market environment > Date: Friday, May 09, 1997 11:09 PM > > Tom and Everybody, > > Tried to draw up a little summary of how I look at the economic / market > environment. I don't have a lot of expertise in this, but thought I might > learn something from any comments/discussion anyone chooses to add. > > Some of the bad signs: > 1. the oil group seems to be perking up (some rumblings in the > 2. the papers and perhaps some of the other cyclicals are doing well > 3. there is a lot of money being thrown at low quality stocks > 4. the economy is hitting on all cylinders and running at about > 5. a quarter point hike seems likely in May, but the market doesn't > seem to believe it > > Some of the good signs: > 1. low inflation > 2. strong corporate profits > 3. dollar strongest it has been in years (except for last week or > 4. broad based, sharp rally in the markets recently, feels like 1991 > 5. leading stocks forming nice bases (some have broken out already - > 6. lots of pessimism and money still on the sidelines > 7. market has overcome a weak bond market the last couple of sessions > 8. Greenspan got married and if that doesn't make one loosen the ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Market Comments from DBC Date: 09 May 1997 23:36:07 -0400 Couldn't agree more, wish I had had such TA data available, but my more casual subjective judgement had already concluded that the breadth of the market since closing out the correction was impressive. I noted the performance of the Russell 2000 as one example. Hard data like this helps confirm what I believed I was seeing. Thanks for the report, and the source. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Johan Van Houtven > To: canslim@mail.xmission.com > Subject: [CANSLIM] Market Comments from DBC > Date: Friday, May 09, 1997 6:55 AM > > MARKET COMMENT: > > Historically, there have usually been one or two particularly auspicious times > to buy stocks in a given year. November 1990, December 1991, July 1993, > January 1995, January 1996, and August 1996 all offered timely > opportunities to > take advantage of a change in the intermediate-term (several months) trend. > The current market is considered another such opportunity. > > On April 7, it was mentioned in this space that "the market will always > attempt > to rally after becoming oversold on an intermediate-term basis. The quality of > this rally will tell much about the longevity of the bull market. > Specifically, the > next advance's breadth, volume, and leadership will offer important clues > as to > the market's health." > > By any definition, the breadth of the four-week-old advance has been > exceptional. > Friday's ratio of NYSE advancing issues to declining issues was 4.22, the > highest > since the 6.83 figure of April 1994. In fact, the highest level this ratio > could register in the banner market of 1995 was a 3.55 reading in February. > And in 1996, the top reading was 3.91 in August. > > Further, the 10-day moving average of the ratio of NYSE advancing issues to > declining issues has often signaled a major advance when it approached the > 2.0 level. Monday's reading of 1.98 was the most since January 1992, when the > ratio peaked at 2.17. Other high levels of this ratio included the 1.86 > figure of > ugust 1996 and the 2.37 reading of February 1991. > > Additionally, the daily ratio of up volume to down volume on the NYSE > has often led to a substantial move in stock prices when it exceeded the > 8.0 level. On April 29 it surged to 8.74, the most since April 1994. > This was followed by another high reading of 6.85 on Monday. Other readings > of 6.00 or greater included the 6.14 figure of May 1995, the > 6.00 figure of February 1996, and the 6.99 figure of August 1996 > --in each instance, a major market advance was to follow. Moreover, > on Monday, the Nasdaq version of this ratio hit 5.27, the most since April > 1994, > surpassing the 4.09 high for all of 1995. > > Also, the number of new 52-week highs on the Big Board crested to 286 > on Monday, while the Nasdaq new-high list expanded to 234, further evidence > of sharply improving breadth. > > Volume has picked up markedly in recent sessions, most notably on the Nasdaq, > where 872 million shares changed hands Monday. And on days when stock > averages have declined, trading activity has slackened, a bullish > development. > > Critically, leadership has been absolutely outstanding on the Nasdaq. Growth > stock after growth stock, most of them of the small- to medium-capitalization > variety, broke out of basing areas on huge volume at the end of last week. In > the process, these stocks, with names like Ciber, Autodesk, Datum, > Data Dimensions, Eastern Environmental Services, I Two Technologies, > Information Management Resources, Innovex, JPM, Jabil Circuit, > KLA Instruments, Kulicke & Soffa, Lattice Semiconductor, > Linear Technology, Manugistics, Rehabcare, Outdoor Systems, > Tekelec, and U.S. Long Distance have established themselves as > the outright leaders of the new market cycle. > > [I'm impressed with how many our group has recognized in time the last few > days/weeks.] > > Important leadership has also come from five of the six bellwether > technology issues that led the market during the second half of 1996: > Dell Computer, Compaq Computer, Microsoft, International Business Machines, > and Intel. > > Of additional note is the strong action in the Dow Jones utility average. > This leading indicator of market direction has recouped over half of its > sharp January-to-April decline. Monday, the index completed its biggest > two-day advance since Oct. 21, 1987. > > Too, market sentiment has played a strong role in the current rally. > It is to be noted that, in the week ended April 25, the number of bullish > advisors dropped to their lowest level since December 16, 1994, when the > rally of 1995 > commenced. > > [As I have stated before I find this an important indicator. % of bullish > investment advisors. The lower the better.] > > The view here, as stated April 7 in this space, has been that the next > advance > would be led by the technology sector, the semiconductor and data storage > groups, > in particular. Computer-related shares, as measured by the Morgan Stanley > High Tech 35 index, surged 19.6 percent in the six-day period ended Monday. > And the semiconductor group, as gauged by the Philadelphia Stock Exchange > semiconductor index, last week preceded all major stock market averages into > new high ground. Transportation and retail sectors were also seen as market > leaders. These have outperformed and should continue to do so as economic > growth remains healthy. A welcome surprise has been the rebound of the > interest-rate sensitive financial sector, an important component of any > market advance. > > In summation, the market's tremendous momentum and exemplary leadership > augur for a meaningful bull move in stocks over the intermediate-term. > The risk, as usual, is a back-up in interest rates. Monetary conditions remain > negative, while intermediate trend, breadth, volume, leadership, and sentiment > are positive. > > Source: > http://www3.dbc.com/cgi-bin/htx.exe/newsroom/snapshot.html?source=co re/dbc > > > > Johan Van Houtven > CLICK! N.V. / Wilrijk, Belgium > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Neck Going On The Block Date: 09 May 1997 23:49:55 -0400 Nah, the pigs are simply the ones who get greedy and believe in their position (whether long or short) so long that instead of taking profits cuz they were right short term hang on cuz they are so convinced they are right long term. Next thing they know, they have a huge loss instead of some nice trading profits. Traders and media airheads (not related, just similiar behaviour) are the ones that seem to switch constantly between bull/bear without pattern, and are extremely poor indicators. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Neck Going On The Block > Date: Friday, May 09, 1997 12:01 PM > > Brenda wrote: > The trading does seem very volatile and I agree about the ridiculousness > of the market comments by media. > When they say "Bulls make money, Bears make money, and Pigs get > slaughtered", I knew the pigs as the one who switched rapidly between a > bull and a bear and could not make up their mind; too bad those folks on > TV who change their analysis of the market are not heavily invested > otherwise there would be a lot of pigs. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Weekly Performance Date: 10 May 1997 11:10:33 GMT+7 Below is the weekly performance for my current holdings. I just bought UWS, so I don't have that entire gain. Overall, pretty impressive strength. 52 Wk 52 Wk P/E Week SECURITY CLOSE HIGH LOW Ratio CHNG A A R Corporation........ 31 1/8 32 17 3/4 24 +1.6% Ase Test Limited......... 39 40 1/4 9 7/8 +4.7% Ciber Inc................ 38 13/16 42 1/2 13 1/4 59 -1.7% Computer Task Grp Inc.... 57 1/8 57 1/2 23 1/4 41 +16.9% Earthgrains.............. 59 5/8 61 3/8 31 1/2 32 +0.6% Eastern Environmental Ser 15 3/8 15 5/8 3 3/8 +18.3% Funco Inc................ 18 1/2 19 1/4 5 1/8 27 +5.0% Impath Inc............... 25 27 1/4 10 1/2 57 +14.9% United Wisconsin Services 31 1/2 31 1/2 19 3/8 27 +13.0% Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ "Is" is the verb for when you don't want a verb. ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Economic / Market environment Date: 10 May 1997 02:44:57 -0500 I agree with almost ALL of it. Almost all. That #6 on the good signs is the one I'm not sure about. Did we not just set a record this month once again for inflow of cash. Did it not go about evenly divided into 3 areas and two of the areas being HGS and aggressive Mutuals. Was busy doing my "Friday thing" when they were giving the numbers on "the entertainment channel" but I think that is what they said. Of course, even if true one can argue either side for it being a good or a bad thing. Enjoyed the commentary. If you need letter of recommendation I'll put you up for Joe's job. He needs more time off to play golf, anyway. James ---------- > From: Craig Griffin > To: canslim@xmission.com > Subject: [CANSLIM] Economic / Market environment > Date: Friday, May 09, 1997 10:09 PM > > Tom and Everybody, > > Tried to draw up a little summary of how I look at the economic / market > environment. I don't have a lot of expertise in this, but thought I might > learn something from any comments/discussion anyone chooses to add. > > Some of the bad signs: > 1. the oil group seems to be perking up (some rumblings in the > middle east) > 2. the papers and perhaps some of the other cyclicals are doing well > lately - usually happens at the end of a bull doesn't it? > 3. there is a lot of money being thrown at low quality stocks > 4. the economy is hitting on all cylinders and running at about > 78mph with a speed limit of 80 before the fed slams on the brakes good > 5. a quarter point hike seems likely in May, but the market doesn't > seem to believe it > > Some of the good signs: > 1. low inflation > 2. strong corporate profits > 3. dollar strongest it has been in years (except for last week or > two) - this is good and bad, but I believe a strong currency is mostly good > 4. broad based, sharp rally in the markets recently, feels like 1991 > all over again > 5. leading stocks forming nice bases (some have broken out already - > others have been in a big hurry to flesh out their bases so they can break > out soon - maybe. Like INTC, WDC, CNC, SLB ... and lots of others) > 6. lots of pessimism and money still on the sidelines > 7. market has overcome a weak bond market the last couple of sessions > 8. Greenspan got married and if that doesn't make one loosen the > purse strings, nothing will :>) > > Just kidding, scratch that last one. > > Interesting environment. Is the market whistling past the graveyard or > flying over it with ET. Guess we will know in due course. > > > ------------------------------------------------------------------------------- From: "Louis Gipson, RN" Subject: Re: [CANSLIM] Intros Date: 10 May 1997 00:59:47 -0700 Intro redone: Hi all, I agree with Tom that a quick introduction can be useful to the other members. I am a Registered Nurse employed in Chico, California in home health. My investment experience started in 1990 with mutual funds after listening the the radio show Money Talk with Bob Brinker. I am definately a late starter in investing due to lack of exposure to the area. I learned what I needed to know to research and evaluate mutual funds and found there was more to learn about individual stocks. I discovered the National Assc. of Investment Clubs and attended a public class/seminar on fundamental evaluation and starting an investment club. I always liked learning in groups, so starting a new club with 25 beginners was a good idea. I am the president/presiding partner of the club and am proud to say that we ended our first year up 29%. Don't laugh, I said we were beginners. After being exposed to the IBD and hearing about the CANSLIM method, I started to study extensively what WON had to teach. I started an online brokerage account with PBS ($15/trade) in an IRA. Lurked in this list for a while acting like a sponge and I am now getting the IBD and trying the DG. I have made several trades since August '96 and I am up in my IRA account by 87%. Still lots to learn, so I look forward to the exchanges on this list. Tom, your comments and note are probably the most educational for me. James, your picks and the logics behind them have helped me to focus on particular to learn. Craig and all the other contributors, keep writing. Louis Gipson, RN Tom Worley wrote: > > I would hope like so much here that there is much more interest > than has been expressed. Things seem to happen slowly here. When I > first took my mkt comments private, only had one request in the > first week, and my feelings were kinda hurt cuz I thought I had > been doing a good service. But over the next month or so, the list > gradually grew as others got around to requesting it or heard about > it from other posts. Eventually almost a third of the group was on > the list, that was when I brought it back to the group. > > Let's try something: OK everybody, if you never posted your > introduction before, now's the time. Flood majordomo this weekend > and let's hear from you. Tell us a little about your professional > background, trading experience, and any wrinkles you may have on > using CANSLIM. Those that previously posted but didn't include > "intro" in it, now's your chance to update it. Let's make David's > job as easy as we can, after all, he's doing this on his vacation > job as a service to us all, and esp the newcomers who are probably > arriving nearly every day. Who knows when you may want to know if > someone has technical or job related info you REALLY need? > tom w > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be intrepreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. > > ---------- > > From: David F. Cameron > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Intros Revisited > > Date: Friday, May 09, 1997 10:25 AM > > > > Tom, > > > > I wrote a program to search the archives for the words: intro > > or welcome, or "first post". I've found a LOT more than I > > expected since there are a lot of "intro" parts stuck in other > > messages. So... I am searching through those. FWIW, I have > > yours (from Oct 30 1996)... but aside from you and Craig, there > > hasn't been much interest. Many members posted an intro at > > some time. Many have not. Others probably did (e.g. Johan) > > but didn't use the word "intro" or any of the above - so > > it didn't get pulled. > > > > As always, I will leave it up to people as to what they want > > to do. I am between jobs right now. I start a new one on > > the 19th - so all work will be done by then. I have only > > received about 4 by mail - so I'm assuming there's not much > > interest (again aside from you and Craig who encourage it). ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] IBM Date: 10 May 1997 03:17:43 -0500 Yesterday I heard them several times talk about those who owned IBM finally have their money back and are even after TEN years. No wonder he's not a broker any longer. Do you think that he doesn't realize that if they had put their money in the lowest paying CD they could find anywhere that after TEN years it doubles. Wonder how much he makes? (Talking about good ole Joe again). me ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] "The Fed" Date: 10 May 1997 09:04:56 -0400 Hi James, I appreciate your posting a site for Mr. G's actual text, cuz I prefer that to any airhead commentator's version. Surprisingly, I found that of all the commentators reports I read yesterday, they put a remarkably low amount of "spin" on it. On the other hand, you had implied that the high pricing of the mkt was going to cause Mr G to up the rates, yet no where in his speech was there a ref to the market or it having just set new highs. Frankly, having completed a correction now, I don't think he is esp concerned about it. He continued to focus on our high industrial capacity utilization, and on low unemployment, however he seemed less concerned now about rising employment costs, probably because of the recent reports. What was an enhanced concern to him is the rapidly growing consumer credit fueling products demand. This has been rising at an unsustainable (if we are to avoid inflation) rate. He also talked about the long term benefits to be achieved from a balanced budget, reduction in marginal tax rates, and a cut in the capital gains tax, all of which are now in progress in Congress. All of these will serve to reduce the need for a future rate hike, so we should let our senators and congressional reps hear from us. He also expressed concern over the projected growth in entitlements programs. This is also being currently addressed by Congress both by cuts in welfare, Medicare, etc. as well as being addressed by Dept of Labor in a future revision to the CPI formula. While this latter item is expected to take two years of testing (hey, what do you want, a quick acting govt that can hold an election in a matter of weeks, then put a new chief exec in place without even an inaugaration?) I would not be surprised to see a single one time adjustment in the CPI index (downward) once the testing proves out the current error rate. Barring any economic surprises in the next ten days, I will be most surprised by a rate hike at the upcoming meeting. As a preliminary forecast, I am not now expecting a hike at the July meeting either. This certainly could change if future economic reports show the growth rate once again accelerating, or if credit expansion continues at current rates, only time will tell. And obviously, any future employment cost index report could change this picture rapidly, so stay on your toes. I do not think the current high valuations in the mkt (S&P500 PE now at 21.34 compared to a year ago at 18.85) will have any immediate bearing on future rate hikes. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] "The Fed" > Date: Friday, May 09, 1997 2:08 PM > > Hi Group, > With all these "spins" others give different words and combinations of > words should you wish to read for yourself Mr. Greenspan's speech last > night go to: > http://www.bog.frb.fed.us/BOARDDOCS/SPEECHES/19970508.htm > If you just want to go to their basic site go to: > www.bog.frb.fed.us/ > Use this info if you want. Have a good one. > James ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Neck Going On The Block Date: 10 May 1997 09:18:25 -0400 I do recall you telling me your TC2000 scan had suddenly been screaming at you, INVEST, INVEST, IINVEST and you listened and went in with 100% cash, however my selective memory is that I had already posted to the group (which is WORLDWIDE, BTW) that the correction had ended. And before that I had reported my belief that we were close to or at the bottom (OK, so my even earlier forecast of how deep the correction would go was off a few percentage points, I'll give you that). Actually, I think I would like May being up 2%, might set up a nice consolidation between earnings cycles, get us thru the Feds meeting, and est a base for the summer doldrums. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Neck Going On The Block > Date: Friday, May 09, 1997 11:23 AM > > OK- I keep reading about all this optimism and how the bulls are lowering > Back when Tom called the bottom I am sure he will tell you that I had > ALREADY called it. Did it NATIONALLY via another media. Well, I am calling > us within 2% of as high as we are going to go for the next 30 days. No ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Weekly Performance Date: 10 May 1997 10:51:50 -0400 Peter, Very nice. Thank you for posting this. I was wondering how many of these you purchased using the buy/stop you mentioned on E-Trade and how well that works. This seems like an easier way to do it than checking intraday via quotes for a b/o in progress. Also, where do you set it (for instance is it 1/4 point above the pivot, right at the pivot, etc.)? Now that I ask that I can see that it probably varies based on the chart pattern. Regards, Craig PS. My performance this past couple of weeks is not quite this good. I am up about 4% in my portfolio, going from a standing start (all cash). Looks like you are up about 8%, assuming equal amounts in each position - congratulatons, a nice start (and if the market holds up maybe there is at least on double or triple in there for the next year :>). At 11:10 AM 5/10/97 GMT+7, you wrote: >Below is the weekly performance for my current holdings. I just bought UWS, so I don't >have that entire gain. Overall, pretty impressive strength. > > 52 Wk 52 Wk P/E Week >SECURITY CLOSE HIGH LOW Ratio CHNG >--------------------------------------------------------------------- >A A R Corporation........ 31 1/8 32 17 3/4 24 +1.6% >Ase Test Limited......... 39 40 1/4 9 7/8 +4.7% >Ciber Inc................ 38 13/16 42 1/2 13 1/4 59 -1.7% >Computer Task Grp Inc.... 57 1/8 57 1/2 23 1/4 41 +16.9% >Earthgrains.............. 59 5/8 61 3/8 31 1/2 32 +0.6% >Eastern Environmental Ser 15 3/8 15 5/8 3 3/8 +18.3% >Funco Inc................ 18 1/2 19 1/4 5 1/8 27 +5.0% >Impath Inc............... 25 27 1/4 10 1/2 57 +14.9% >United Wisconsin Services 31 1/2 31 1/2 19 3/8 27 +13.0% > >Peter Christiansen >Bangkok, Thailand > >Connected with OS/2 Warp 3.0 & The Post Road Mailer >___________________________________________________________________________ __________ > >"Is" is the verb for when you don't want a verb. > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Owentime's List Of Stocks Date: 10 May 1997 10:43:52 -0400 Broke my own personal rule and decided to see if you were learning CANSLIM, since you didn't post any CANSLIM supporting nrs. In each case, either RS or EPS were no better than in the 70's, which is terrible in this market. In a couple of cases RS was in the 30s. Overall they were better candidates than some of your past lists, but in this kind of mkt it's not hard to find better ones. Some of the charts showed a solid base, but several were well below their highs, with very recent overhead resistance. The best up/down ratio I found was TUBO (BTW, no S in the symbol) but most were in the low 1 pt level and one was 0.7. The best timeliness was only a B and there was one at C. Most don't show up in the dg books, thus don't have a "fundamentals" chart with timeliness, up/down, etc. Focus on screening for the basic CANSLIM criteria, then start looking for chart patterns from that list. From some of the lists you have posted, it appears that you are just looking at chart patterns first and not examining the CANSLIM criteria. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: OWENTIME@delphi.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Owentime's List Of Stocks > Date: Wednesday, May 07, 1997 10:24 PM > > As a novice I'm glad to get opinions like yours James! Obviously > I'm not yet comfortable with a style of getting good stocks to pick > from, therefore my curiousity looms with the break out of small caps. > BTW I'm not sure what LL and UR mean? > > Other stocks to consider: > > TUBOS > GDYS > Centocor > CIEN > QLTIF: Canadian drug co. w. photo-reactive cancer treatment. @23 > > SOLLY > aanyway, those are some that I've narrowed it down to. > Opinions? ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] Neck Going On The Block Date: 10 May 1997 11:25:35 -0700 Tom Worley wrote: > > Nah, the pigs are simply the ones who get greedy and believe in > their position (whether long or short) so long that instead of > taking profits cuz they were right short term hang on cuz they are > so convinced they are right long term. Next thing they know, they > have a huge loss instead of some nice trading profits. Traders and > media airheads (not related, just similiar behaviour) are the ones > that seem to switch constantly between bull/bear without pattern, > and are extremely poor indicators. > > tom w > > I doubt that is the interpretation because people who have been long term bullish have indeed made more money by holding over longer term as history has shown(I am not sure about holding short postions over long term). Logically, I interpret "bulls make money and bears make money" as investors who have a consistent stand either bullish or bearish make money at some time over the long run but investors who are not able to take one stand and constantly fluctuate between a bullish and bearish stand based on factors surrounding them tend to loose money. The piggish greediness in my opinion is in the the rapidly switching of the expectation about the market rather than expecting to mke more profit by holding a position that is already profitable. Any case, does anyone have a pointer to where this phrase was first described and its context explained? will appreciate... -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Daily Graphs Date: 10 May 1997 11:01:51 -0400 Sorry to take so long to respond to your basic questions on using DG, but been kinda busy lately. I usually don't even look at the lists of stocks with Timeliness A or RS 99 as I have found few that presented an entry point, and most of those I had already found thru other means, including being mentioned here. I do like, time permitting, to take the list of Fastest Growing cos (which you don't mention but should look at, you will find among others ASMLF listed rather high, top 20 I think) and look at each chart. I also like to take the list of stocks moving up in timeliness and look for the ones that were C and now are B or A and check their charts. I also take lists from work of stocks hitting new highs (esp when this list is short) as well as stocks up the most (both percent and pts, staying away from anything under $12) and look at their charts. If I see a stock hitting new highs for several days a week, I pay attention (for example, last night I was crunching some nrs on buying PG LEAPS for Jan 99, if I wasn't too tired to do the nrs right, looked like about a 27% annual return buying slightly in the money LEAPs). Not bad for a big cap name, but gotta check my math cuz sounds too good this morning. What I frequently do as well is look at the charts of the top 4 or 5 or so stocks in a group that signals some attention. I won't usually go much deeper than that unless they are all 99/99, in which case I may try to look further for a solid based, lower RS but still EPS 99 that has a good graph. When I have found a group where the top 5 or so are all 99/99, there is usually no entry point unless you want to just do a pure momentum play. But by looking deeper, I have found some that had great earnings growth rate, but weren't yet so "discovered". When I had only the DG books at work, I would (again time permitting which was rare these past several years) try to page thru and just glance at the chart. Takes me about 15 seconds to decide if I want to study it further or flip the page. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Daily Graphs > Date: Tuesday, May 06, 1997 12:47 PM > > To You EXPERIENCED already DG users! > OK! Signed on for the first time. Printed lists of all stocks > timeliness A, all stocks moving up in timeliness, all stocks REL A, top > industry groups. have taken ALL lists and added any stock I did not have on > my TC2000 base to it. (WOW- was I surprised) Thought my base was fairly > full. Had to add 125 stocks > Now, heres the question. Knowing what you now know. Go back to when > you first signed on. How would you approach Daily Graphs. I do not have > capability for downloading anything - Got MS Works, Quattro Pro, and I > don't know what else. Just interested in what would be your second and > third steps. I am going to be a LITTLE busy now going back through about > 500 stocks and looking at graphs. ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Economic / Market environment Date: 10 May 1997 11:46:08 -0400 Tom, Just a note to say how much I continue to enjoy your market comments. They help me a great deal in gaining perspective. Thank you. Craig At 11:30 PM 5/9/97 -0400, you wrote: >The key to what the Feds will do with rates at this month's meeting >lies in the change (trend) in economic reports. In the past month, > ... ------------------------------------------------------------------------------- From: "Louis Gipson, RN" Subject: [CANSLIM] Chico area CANSLIMers Date: 10 May 1997 08:56:20 -0700 Message to all lurkers, Do any lurkers live in the Chico, CA area? I would like to do some brainstorming groups for educational purposes. I know from experience that three or four people working together can cover a tremendous amount of material in a short time. The exchange of ideas and opinions lead to a rapid growth along the learning curve. E-mail me if you are in the area. Louis Gipson, RN ------------------------------------------------------------------------------- From: "Michael R. Jeffers" Subject: Re: [CANSLIM] Intros Revisited Date: 10 May 1997 08:53:13 At 09:00 PM 5/9/97 -0400, Tom wrote: >Let's try something: OK everybody, if you never posted your >introduction before, now's the time. Flood majordomo this weekend >and let's hear from you. Tell us a little about your professional >background, trading experience, and any wrinkles you may have on >using CANSLIM. Those that previously posted but didn't include >"intro" in it, now's your chance to update it. Let's make David's >job as easy as we can, after all, he's doing this on his vacation >job as a service to us all, and esp the newcomers who are probably >arriving nearly every day. My name is Michael R. Jeffers, and I am a 40 (ugh) year old soldier with 5 more years to go in the Army. I'm due to transfer to Germany (Babenhausen) in 1998 with my wife and two small boys (5 and 2 years). I was forced into CANSLIM due to all of my earlier efforts to buy bargains failing horribly. It took a while (still fighting to ignore P/E's), but I have seen portfolio proof the system works. I have been investing for the past 3 years, with the last 1 1/2 years a slow immersion of myself into CANSLIM. I have a way to go before I can consider myself a regularly successful investor. (Hey, if you bought any of the picks I've posted here before, you already know that) My current holdings are INVX (average up purchase), CGD (waiting for $63 to sell since I think Oil stocks look weak), IBC (just bought again after selling too soon [thanks James]), and NPEC (non CANSLIM, but it does feel nice to have 4,000 shares of something). I'm a pretty active trader, usually holding a stock for less than 4 months. This group is mandatory for me. The info and picks I get here I value highly. I wish to thank all for their input, and look forward to each and every post. Oh yeah, INTRO Just Little 'Ole Me, Michael R. Jeffers ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] MLHR Date: 10 May 1997 13:19:05 -0500 Anybody checked this one out lately. Remember, when all thought it was pretty good. Holding up while others fell. Then, POW! The split happens and there it goes. And another one bites the dust. Well, the smart money has once again proved why they have soooooooooo much money. Guess they sold just prior to the split, waited a week or so and guess what? The stocks is almost at its high again and this time at a 2 for 1 for those who re-bought it down there right when it started to surface again. Notice it's on the front page of IBD today. Oh well, maybe that's another paramter that I should add to my scanning. Split stocks that tumble and watch for when they start back up? Have a good week-end. James ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] MLHR Date: 10 May 1997 15:31:27 -0400 James, O'Neil says to watch for splits. Often the extra supply of stock will make it drop. Sometimes a split announcement just preceeds the top of a long run. Some investors buy into a split announcement for a pop and sometimes that happens too. The sequence is often: 1) pop, 2) sellers with extra or expected extra shares drive it down, 3) recovery. Sometimes the recovery comes quickly, sometimes a multi-month base forms. Especially look out for the second split within a year. This is frequently a danger sign, but not always of course (everything is percentages in this business, virtually nothing is always). Regards, Craig At 01:19 PM 5/10/97 -0500, you wrote: >Anybody checked this one out lately. Remember, when all thought it was >pretty good. Holding up while others fell. Then, POW! The split happens and >there it goes. And another one bites the dust. Well, the smart money has >once again proved why they have soooooooooo much money. Guess they sold >just prior to the split, waited a week or so and guess what? The stocks is >almost at its high again and this time at a 2 for 1 for those who re-bought >it down there right when it started to surface again. Notice it's on the >front page of IBD today. Oh well, maybe that's another paramter that I >should add to my scanning. Split stocks that tumble and watch for when they >start back up? Have a good week-end. >James > > ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] Intro Date: 10 May 1997 18:47:41 -0800 I did this way back in the early days, but here goes again - I've been investing since a few months before the 1987 crash, wonderful timing there, started using CANSLIM a few years later. Found that it takes a bit of time to really learn the chart reading aspect of things. Hopefully a few of the stocks I've mentioned here have helped the newcomers to canslim figure out what a good base looks like (or at least what I think a good base looks like). I do this stuff full time, former programmer, used to work for Control Data, and anyone familiar with that company knows why I don't have a job anymore, at least with them. Thats about it. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economic / Market environment Date: 11 May 1997 07:02:07 -0400 Thanks for the feedback, I haven't done as much lately due lack of time and sheer exhaustion, but more so as I have seen much more similiar comments within the group. Will still add my 2 cents worth as necessary, and disagree if I need to. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Craig Griffin > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Economic / Market environment > Date: Saturday, May 10, 1997 11:46 AM > > Tom, > Just a note to say how much I continue to enjoy your market comments. They > help me a great deal in gaining perspective. Thank you. > Craig > > At 11:30 PM 5/9/97 -0400, you wrote: > >The key to what the Feds will do with rates at this month's meeting > >lies in the change (trend) in economic reports. In the past month, > > ... > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MLHR Date: 11 May 1997 07:14:58 -0400 Never ignore splits, they are one more piece of info that can prove to be very important. By and large, a split announcement will help move a stock up, unless it has been talked about for some time prior (you want the announcement to be a surprise). Watch for too frequent a split (WON's rule is more than one a year). I have seen stocks that did 2 in less than 12 months still go up, but they did subsequently crash big time. WON also says watch for a change in the nature of the split. If every year or so a company does a 3:2, then all of a sudden announces a 3:1, be wary. Doesn't mean you have to sell, just be more careful, maybe tighten your stop or just watch it more closely and pay more attention to the moving averages and changes in RS and up/down ratio and accum/dist. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: pwahl@postoffice.worldnet.att.net > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] MLHR > Date: Saturday, May 10, 1997 10:47 PM > > > To: canslim@mail.xmission.com > > From: Craig Griffin > > > James, > > O'Neil says to watch for splits. Often the extra supply of stock will make > > I don't know, I've seen this warning before and I think it is so > vague as to be useless as a warning. I've seen some other study > somewhere that stocks that split tend to outperform for the next > year, and other warning that say what you say. After two or 3 splits > in a year, maybe, but basically I try to ignore splits. > > > > Patrick Wahl ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MLHR & HDCO Date: 11 May 1997 07:09:24 -0400 Another old favorite was Hadco (HDCO), announced a secondary over two months ago, tumbled, then fell further when the mkt corrected. Never has done the secondary, but has slowly moved up. Announced earnings last week that blew away the estimates (.91 vs est of .77). Now almost back to its high as well. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] MLHR > Date: Saturday, May 10, 1997 2:19 PM > > Anybody checked this one out lately. Remember, when all thought it was > pretty good. Holding up while others fell. Then, POW! The split happens and > there it goes. And another one bites the dust. Well, the smart money has > once again proved why they have soooooooooo much money. Guess they sold > just prior to the split, waited a week or so and guess what? The stocks is > almost at its high again and this time at a 2 for 1 for those who re-bought ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] This Weeks Stocks Date: 11 May 1997 07:20:14 -0500 For those interested am posting the stocks "The System" has graded out to be best for this week. For newbies- "The System" is something that I, personally, have developed over time. It grades stocks on the following fronts: Management Ownership Percentage, EPS, REL, Acc, Group, (Used to do sponsor but doing away with this as an official grading criteria although I consider it to be very important), and then MY subjective grade of the graph (aka price pattern). This means my subjective grade on the graph accounts for about 1/7th of the grade. Many time I think a stock is much better than it grades out but I learned long, long ago that "The System" is much, much better at knowing where a stock belongs than I do. So here are the stocks in order of their grades rcvd this week with the best coming first: DS, SMFC, ASTSF, UTR, DELL, DF, QCSB, ABF, EVI, FDO, BBRC, ALTR, TKR, SPW, ORBKF, XLNX, VECO, BCH, INVX, ASMLF, LSCC, RAYM, UHS, CLCS, AMAT, LLTC, SEWY, TXN, SMOD, WONE, WLA, and FULL. Those are the only stocks that graded out 90 or higher. Stocks that got good graph grades from me but did not make it because other grades brought them down were: EPG, BAANF, CREAF, TEF, NSI, AEIS and TKLC. Group strength killed most of them. Long term graph grade killed AEIS or it would have been in the top five. Group strength, per DG, on BAANF was 13 of it might have been #1 this week. Stocks not making 90 or above that are closing each Friday at a price that is a new 52 week high for a Friday price are: (# wks in a row closing Friday at a new 52 week high for a closing price) - CREAF(2), DDIM (2), TKLC(3), TEF(4), MAVK(5/6), EPG(4), CPWR(4),BAANF(3),CDI(7/9), and JOS (4). NSI has closed the day at or equal to a new 52 week high for the last 8 out of 9 trading days. CREAF the last 6 trading days in a row, TXN the last 7 out of 8 in a row, Furnished to help those who choose to want to use it. Have a good day. James ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] Holding Tank Stocks Date: 11 May 1997 09:35:15 -0500 For the newbees, I have what I call a Holding Tank. It is where I put a portfolio full of stocks that I am watching and many will be moved to the "Wall Chart" stocks. I find them in many different ways. Some come directly from stocks mentioned here on this list. I pulled up all the stocks on the Wall Chart on DG whose group by DG was listed 85 or better. They have a block where they mention five other stocks in the same group. I pulled up ALL stocks that were mentioned in that group of five. Found some new ones. Here is a list of all the stocks that I currently have in my holding tank and a good many will probably be moved later today, after more study, into the Wall Chart. They are: BBV, STD, CKE, CEBC, CAG, DSYS, FOOT, HRS, MCRL, MLIN, NAB, PHG, PRNIA, REAL, SMRT, SRA, TBW, TOS, USBC, AFP, VOL and WNH. Now you have plenty of stocks to look at. It wasn't more than two weeks ago when this group just really didn't have too many stocks they felt were looking at. Keep in mind that a lot of my stocks will be of the lower left to upper right of your screen type stocks. However, you will also find most of the CANSLIM numbers are adequate on most of them. Happy Hunting. James ------------------------------------------------------------------------------- From: Dan Sutton Subject: [CANSLIM] Market Trend vs Stock selection Date: 11 May 1997 20:39:03 -0700 I ran some testing of Canslim criteria in Telescan this morning and got some pretty interesting results. The main criteria I have coded is ..High EPS rank (weighted as Extremely important), High Price Rank (TS's version of RS rank weighted as Extremely important),1 year earnings growth greater than 25%,EPS change last quarter greater than 100%,EPS change 2 quarters ago greater than 100% and Todays volume greater than 15,000. I also have 30 more criteria included as List only so the search is not based on the "list only" information, although I do have EXCEL analyse and rank all of the criteria then rank the stocks for attractiveness. I used the same criteria for a 4 month and a 2 month backtest and asked for results for the following 60 day time period for the top 100 stocks. The 4 month test had 15 stocks that made money, 85 lost money .. the highest return was XPRSA with a 24% return, the worst was TRDX with a negative 83% return. The entire basket of stocks returned a negative 22.7%, the DJI was a negative 1.1%, the NASDQ was a negative 12.4%. The 2 month results for the following 60 days returned 87 stocks on the plus side and 13 losing money.The best return was BMRQ with 52%, the worst was REDB with -47.8%.The entire basket of stocks returned 9.8%,the DJI was 8.9%, the NASDQ was 9.2%. Admittedly there was no chart analysis or inclusion of the actual RS from IBD, but the results still provide a wake up call to anyone who thinks they have figured this game out. I guess the moral of the story is not to diminish the importance of total market direction. Tom and James often post market comments and if you are not paying attention to their accurate and timely comments you may be getting into the wrong boat. While individual stock selection is certainly vital, total market direction is equally (or more)important in most cases. ------------------------------------------------------------------------------- From: "Brenda" Subject: Re: [CANSLIM] Market Trend vs Stock selection Date: 11 May 1997 12:42:09 -0500 Per Hulbert, take the TOP five newsletter writers/stock pickers on a 3 yr and 5 yr basis and NONE, I repeat NONE is up one red cent since the first of the year. Two are done OVER 30%. That pretty much tells a story. These people are neither stupid, asleep, unware, or out to lunch. They pick stocks for a living. They are not "bound to" small or mid-caps. They can buy or sell anything. One very respected newsletter writer as late as 10 days ago did not have ONE SINGLE buy. Did have a few holds. All others were sells. They must have done the same search as you did Dan. Maybe I need to tell them to........ Yes, I am almost fully invested in all portfolios but have cut my stops way back from where they were. Just got through doing it. Did have my stops acutally BELOW the lowest I could expect the stock to drop on a dip. ALL are now above that point. Only time will tell, but I say this market is NOT HEALTHY. I do hope that I am about as wrong as wrong can be. If so, I make money. James ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Market Trend vs Stock selection > Date: Sunday, May 11, 1997 10:38 AM > > Don't know how difficult or time consuming it is to do backtests > like this, however would be interested in the results you get if > you didn't use such tight qtr earnings requirement (e.g. over 100% > last two qtrs) and such light vol minimum (15K). If you used, say, > 30% earnings growth, and vol over 100K or even 200K, then I think > you would have gotten more of a mainstream picture. > > tom w > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be intrepreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. > > ---------- > > From: Dan Sutton > > To: canslim@mail.xmission.com > > Subject: [CANSLIM] Market Trend vs Stock selection > > Date: Sunday, May 11, 1997 11:39 PM > > > > I ran some testing of Canslim criteria in Telescan this morning > and got > > some pretty interesting results. The main criteria I have coded > is > > ..High EPS rank (weighted as Extremely important), High Price > Rank (TS's > > version of RS rank weighted as Extremely important),1 year > earnings > > growth greater than 25%,EPS change last quarter greater than > 100%,EPS > > change 2 quarters ago greater than 100% and Todays volume greater > than > > 15,000. I also have 30 more criteria included as List only so the > search > > > The 4 month test had 15 stocks that made money, 85 lost money .. > the > > > > The 2 month results for the following 60 days returned 87 stocks > on the > > plus side and 13 losing money.The best return was BMRQ with 52%, > the > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Market Trend vs Stock selection Date: 11 May 1997 13:50:19 -0400 Bottom line, both NYSE and NASDAQ are currently overbought. Don't mean they can't go higher, but a warning signal. NYSE is actually more overbot than it was in Jan, and NASDAQ nearly so (per the DG Online Market Indicator charts). If you haven't studied these you should, either online or in IBD. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Market Trend vs Stock selection > Date: Sunday, May 11, 1997 1:42 PM > > Per Hulbert, take the TOP five newsletter writers/stock pickers on a 3 yr > and 5 yr basis and NONE, I repeat NONE is up one red cent since the first > tell them to........ Yes, I am almost fully invested in all portfolios but > have cut my stops way back from where they were. Just got through doing it. > Did have my stops acutally BELOW the lowest I could expect the stock to > drop on a dip. ALL are now above that point. Only time will tell, but I say > this market is NOT HEALTHY. I do hope that I am about as wrong as wrong can ------------------------------------------------------------------------------- From: derek b Subject: [CANSLIM] STIX update; McClellan Oscillator for NYSE and Naz Date: 11 May 1997 21:32:17 -0400 I have updated the STIX market indicator and added the McClellan Oscillator, another breadth indicator using advances and declines. http://www.geocities.com/WallStreet/7422/ STIX is looking healthy now on both Nasdaq and NYSE. The NYSE McClellan Oscillator was looking real risky a day or two ago, but has since pulled back into a more reasonable range. I don't think I've ever heard reference to the McClellan Oscillator applied to the Nasdaq, but why not? It's just the difference in 2 exponential moving averages applied to the Advance / Decline line. Here's what it looks like: http://www.geocities.com/WallStreet/7422/mcoscndq.gif Now that looks a bit toppier than NYSE version. In summary, I'm back in the market, but have my eyes keenly trained on market action. The breadth and leadership on the Naz have been impressive, but there are topping signals that bear watching. Derek ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] CKP Date: 12 May 1997 05:58:54 -0500 OK Group, don't jump because this stock has a Rel Str of 8, That's Right - EIGHT. Well the "graph shape" caught my attention at first. This stock in one that fell and fell hard. Fell down to nine dollars and change around April 1st. It is now 14 5/8 a month and a half later. This climb up is as steady a ride up as any I have ever seen. AND, being done on avg daily vol of almost a million shares a day. Avg Daily Vol - 947,100. Here are the other numbers: Funds own 27%, EPS 83, Rel Str 8, Timeliness D, Acc D, and here is one that I can't understand - Group Rel Strength 33. In the same group are ADT, ABE, INVN, TRII and CXC. Almost ALL of these have rel str in 90s. Now, why is this stock climbing? Well, the only piece of news I have is that 4/97 company approved a buy back of up to 10% of its stock. Are they doing that now? Is the buy back complete, if they have? I keep 10, 50 and 100 dma on my screen. That 10 dma is the straightest line headed up I have ever seen. And yes, if you will spread (enlarge) the graph it is straight as a tightly drawn string. Now, I'm not touting this stock. I, nor anybody I know owns this stock. HOWEVER, I WILL be doing some homework and watching this one. I do not USUALLY bottom fish. This one has my attention. Be careful. James ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] CKP Date: 12 May 1997 06:56:24 -0400 James, you forgot to mention 0.6 up/down ratio. Also the latest qtr showed flat earnings on only a 2% increase in sales (sales had been doing far better in past, may be the cause of the gap down?) tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CKP Date: 12 May 1997 06:52:54 -0400 Thanks, james, will take a look. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: Gerald Carty ; canslim > Subject: [CANSLIM] CKP > Date: Monday, May 12, 1997 6:58 AM > > OK Group, don't jump because this stock has a Rel Str of 8, That's Right - > EIGHT. Well the "graph shape" caught my attention at first. This stock in > one that fell and fell hard. Fell down to nine dollars and change around > April 1st. It is now 14 5/8 a month and a half later. This climb up is as > steady a ride up as any I have ever seen. AND, being done on avg daily vol > of almost a million shares a day. Avg Daily Vol - 947,100. Here are the > other numbers: Funds own 27%, EPS 83, Rel Str 8, Timeliness D, Acc D, and > here is one that I can't understand - Group Rel Strength 33. In the same ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] MGRC Date: 12 May 1997 06:21:45 -0500 One more to look at: MGRC - EPS 86, Rel 95, Timeliness B, Acc B, Debt 0, Funds 27%, Avg Daily Vol 10,400 - Vol Fri 82,800 - Foat 12.5 Mil, U/D Vol Ratio 1.6. Thats all I know. Enjoy and use if you can. James Don't own any of this one either. Have since read some news stories on CKP. Of course written by "them" so have to read with a grain of salt. Written as if they were the greatest thing since sliced bread but looking at graph tells a little different story. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MGRC Date: 12 May 1997 07:32:41 -0400 Thinly traded, no earnings est, and GRS 37. Otherwise, looks good. This one could be on the move today after the strong vol on Friday. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] MGRC > Date: Monday, May 12, 1997 7:21 AM > > One more to look at: MGRC - EPS 86, Rel 95, Timeliness B, Acc B, Debt 0, > Funds 27%, Avg Daily Vol 10,400 - Vol Fri 82,800 - Foat 12.5 Mil, U/D Vol > Ratio 1.6. Thats all I know. Enjoy and use if you can. > James > Don't own any of this one either. Have since read some news stories on CKP. > Of course written by "them" so have to read with a grain of salt. Written > as if they were the greatest thing since sliced bread but looking at graph > tells a little different story. > ------------------------------------------------------------------------------- From: "Brenda" Subject: [CANSLIM] ASMLF Date: 12 May 1997 10:35:22 -0500 If anyone bought ASMLF earlier, they "should be" smiling about right now. Stock up over 2 but it split 2 for 1. So actually up over 5. WOW - Can that be right? MFN down over ONE and currently trading at $0.56 cents? XLNX, DS, TXN, LLTC, EVI, JBIL, CPWR,AMD all down about one or more with DOW up over 70 and NASDAQ up almost 10. Must be "good market conditions" !!!! Couldn't even get this typed before ASMLF went up some more. Now up over 3. (6 for those who bought it Friday). DYA up EIGHT. Glad its on my Wall Chart. Will help the averages. TEF up almost 3. CKP still climbing. James ------------------------------------------------------------------------------- From: Michael A Langston Subject: [CANSLIM] SFDS Date: 12 May 1997 15:42:37 -0400 so fred meyer wants to buy out SFD (smith's food) and wham, SFDS (smithfield food) up 2 on no news am i the only one to notice this? -- heh heh heh mike p.s. if SFDS weren't a strong stock (ERG 87 96 80), this would probably be a no-brainer short -- just for a coupla bux, until the SFDS buyers realize their error ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Get Your Intros In!!!! Date: 12 May 1997 14:04:07 -0400 Just do it! Don't hesitate, don't be shy. Do it now. Send them DIRECTLY to Dave Cameron. Just copy his address from here ----> and paste it in the "To" line of your email. A short paragraph will do, should take no more than 15 minutes. Make it simple, to the point: -- who are you (your name, profession or family info if you like, where you live,), -- what is your investing background ("none" is a perfectly fine answer), -- why are you here? Only put in what you want, but tell us SOMETHING about you. Lurkers - this means you too: let us know who you are, give us some idea why you are here. Occassional posters - you too, of course. Regular posters - with all your other posts, it is just a few extra minutes. Ok now, please, get with the program. Regards, Craig PS. Here is Dave's address again >>>>> dcameron@stu.harper.cc.il.us ------------------------------------------------------------------------------- From: "Jim McHale, NM1W" Subject: [CANSLIM] Intro Date: 12 May 1997 18:01:40 -0400 Name: Jim McHale City: Hampstead, NH Investing experience: stocks as buy and hold for about 10 years, also have done futures for last 1.5 years. Got into day trading and discovered how quickly money can vanish.. Read oneil's book about 10 years ago and have tried to follow his principles, but stray off course too easily. Have been lurking here since.. well lets just say i'm a long time lurker :) I use tradestation to do analysis. line of work: software consultant for mac/unix/pc/vms/oracle if its programmable .... u get the idea... other comments: married, 2 sons, 2 step sons, all teenagers (13-17) (yikes!) -jim --- Jim McHale,NM1W First Strike Software Inc Mac/NT/Unix/Oracle/VMS consulting 603-329-7885 mailto:mchale@FirstStrike-Inc.com http://www.FirstStrike-Inc.com ------------------------------------------------------------------------------- From: derek b Subject: [CANSLIM] MAN Date: 12 May 1997 22:02:25 -0400 MAN - Manpower b/o today long base (from 6/18/96) C&H but, recent volume low 86 EPS 79RS B A/D 24% funds 81M float positive revenue and earnings growth last 4Q A bit of a battleship, has taken hits in past, new CEO, temporary employment services should continue to do well with low unemployment background. Callaway Golf a client. Conclusion: not a rocket, but opportunity for continued price upwards movement. Note: I bought this one at open today (41, close 42.875) due to a standard error trading channel buy signal, confirmed by fundamentals listed above. That is, when buying anything, regardless of TA system - strong fundies will support the sell to next fool concept. Derek ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic reports this week Date: 12 May 1997 22:16:58 -0400 Starting tomorrow (Tuesday) a number of economic reports will be released and coming right before the next meeting of FOMC, they take on renewed importance in the short term direction of the market. Here's the schedule and the concensus: TUESDAY Retail Sales for Apr - last was up 0.2%, down 0.3% expected overall, up 0.2% less autos, if this nr comes in higher it will encourage the Feds to hike WEDNESDAY Producer Prices (PPI) for Apr - last was down 0.1%, expected is down 0.1%, don't know what is expected for core, that's more important than the overall - I think this nr is light, and report could come in higher, possibly flat (unchanged) or up 0.1% Business Inventories for March - last was up 0.4%, expected is up 0.3%, anything under this could suggest sales have again accelerated depleting inventory THURSDAY Comsumer Prices (CPI) for Apr - last was up 0.1% overall, expected is up 0.2% - this nr feels right to me for Apr Industrial Production for Apr (9:15AM) - last was up 0.9%, expected is up 0.2%, again I think this figure is light, am expecting higher, Chicago Fed region mfr activity was up 0.7% in Feb, and was a laggard, overall nationally mfr activity was up 0.9%, I don't think vehicle sales, esp light trucks, slowed enough to bring the overall nr all the way down to 0.2%. The est for capacity utilization is for 84.0% (last month it was 84.1% after being estimated at 83.5%). The Feds need to see this nr falling, not basically flat, at 84% it's still in inflationary territory. Initial Jobless Claims for week to May 10 - last was 347K, expected is 340K, trend lately has been for the economists to est under actual, altho last report was unusually high. Still, I'm going to bet for 350K or better. Money Supply (M2) for week to May 5 - last was minus $10.4 bil, expected is plus $0.3 bil, no guesses here, never could figure out money supply in my own checkbook, much less the Fed's, esp when you got different kinds of M! FRIDAY Housing Starts for Apr - last was 1.43 mil, expected is 1.42 mil, lately I've been expecting this report to come in above expectation, and I've mostly been wrong. I'm still betting the same way, and think I'll be right this time. The biggest focus at the moment is on tomorrow's Retail Sales report, as it will provide a clue whether the rapid growth, including in comsumer credit, during the first qtr has abated. From what's I've had time to see of the various chains and so forth sales figures, I'm not convinced. I think this report may beat expectation. After that the PPI and CPI will become the focus. Watch for any evidence of wage or health cost increases. Barring a major discrepancy in the Industrial Production report, don't think it will carry a lot of impact as it frequently is explained away by big change in a single sector. Same with housing starts, as weather often plays a part, and April was a little cooler (even snowed this weekend in my old stomping grounds of the Upper Peninsula of Michigan - hate those mid May snows, really slushy, not good for skiing or snowmobiling!). 24 of the 39 economists at the US primary dealers still believe the Fed will raise rates next week by 25 bp. 28 of the 39 said they would vote for a raise if they were on the FOMC, primary reason cited seems to be the "insurance" thinking, better a small increase now that will have minimum impact on the economy than risk inflation getting out of control. Settle down, James, I'm not an economist, just the messenger, even tho I don't entirely disagree with them. On the other hand, if we get thru this week with gentle, benign reports, I think the risk of political fallout is right now so great that Greenspan will attempt to do nothing, with probably a lot of cautionary words for the next two months, thereby ensuring an increased volatility. However, one economist is expecting a rate hike at BOTH the May and July meetings! The biggest "hook" that most seem to be following is the notable LACK of hawkish remarks last week by Greenspan. Since he traditionally warns, in subtle ways, of future action, this is being taken to suggest he won't raise in May. That's where I'm betting as well. After that, we will have two months of speculation and economic reports till the July FOMC meeting. As always, hope this helps you understand, prepare for and anticipate the market action. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Fw: [CANSLIM] ASMLF Date: 12 May 1997 22:26:33 -0400 Seems majordomo didn't like me tonight, altho the lack of mail from the entire group suggests it may not have liked any of us for quite a few hours. tom w Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] ASMLF > Date: Monday, May 12, 1997 8:32 PM > > Alright, alright, quit gloating. I saw both your A---F (ASMLF, > ASTSF) stocks doing well today, MLHR didn't do so bad either. And > Hadco, up another 2, with at least one new buy rec on it, forget > the house. Just wished I'd owned Citrix, think it's been mentioned > here a few times. Then again, IBM added over 14 of the 123 pts to > the Dow 30 for a new closing record. My biggest concern right now > is that this very broad advance is being fueled by a belief that > the Feds won't increase next Tuesday. We have several important > economic reports due out this week (will post later), if they stay > benign we should be ok, if not and the sentiment shifts back to a > hike (and 2 out of 3 economists expect one next week, bad odds) > then we are in trouble. Tough bet, but I suspect right now the > upside potential gain outweighs the downside risk. > > tom w > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be intrepreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. > > ---------- > > From: Brenda > > To: canslim > > Subject: [CANSLIM] ASMLF > > Date: Monday, May 12, 1997 11:35 AM > > > > If anyone bought ASMLF earlier, they "should be" smiling about > right now. > > Stock up over 2 but it split 2 for 1. So actually up over 5. > > WOW - Can that be right? MFN down over ONE and currently trading > at $0.56 > > cents? > > XLNX, DS, TXN, LLTC, EVI, JBIL, CPWR,AMD all down about one or > more with > > DOW up over 70 and NASDAQ up almost 10. Must be "good market > conditions" > > !!!! > > Couldn't even get this typed before ASMLF went up some more. Now > up over 3. > > (6 for those who bought it