From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #134 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Wednesday, April 9 1997 Volume 01 : Number 134 In this issue: [CANSLIM] ORBKF [CANSLIM] Beginner feedback Re: [CANSLIM] Gut Feelings Re: [CANSLIM] Introduction Re: [CANSLIM] Recent "picks" mentioned [CANSLIM] Market timing Re: [CANSLIM] Beginner feedback [CANSLIM] RN view on ALF Re: [CANSLIM] Market timing Re: [CANSLIM] Introduction Re: [CANSLIM] Market timing Re: [CANSLIM] RN view on ALF Re: [CANSLIM] Introduction Re: [CANSLIM] Hurrah - A "small" breather Re: [CANSLIM] Beginner feedback RE: [CANSLIM] Introduction RE: [CANSLIM] Introduction Long-term debt Was: Re: [CANSLIM] ORBKF [CANSLIM] AOL mail problems Re: [CANSLIM] Gut Feelings re: Long-term debt Was: Re: [CANSLIM] ORBKF re: [CANSLIM] RN view on ALF Re: [CANSLIM] Introduction Re: [CANSLIM] Hurrah - A "small" breather RE: [CANSLIM] ORBKF [CANSLIM] Fw: ALERT (AMD) -- Closing Bell [CANSLIM] Yahoo charts [none] See the end of the digest for information on subscribing to the canslim or canslim-digest mailing lists and on how to retrieve back issues. ---------------------------------------------------------------------- Date: Wed, 09 Apr 1997 01:44:54 -0400 From: Michael A Langston Subject: [CANSLIM] ORBKF ORBKF 98 95 95 B -- nice b/o today on 2 x normal this one sports some good numbers, including zero lt debt, funds 1%, u/d 2.2, good PEG (pe 12 vs 98 est of 22%), roe 26%, last 4 q's eps: 118%, -17%, 40%, 52% -- next eps report due in early may on the worrisome side, an intraday show a flurry of buy orders in the last 15 minutes of trading, and anyone familiar with rags like pristine-day-trader may smell a rat, these sort of b/o's may last only a day or two until players cut and run -- and the price, while at a new high, is already roughly 10% over the b/o point (depending on how you read it), so if you didn't have a buy stop in place or r-t quotes you were left out today -- and then there's that F in the symbol, so many of these are manipulated (IMHO) i'd not be surprised to see some more quick upside from here, this one appears to have legs -- after that, given that this market seems to be largely day-trader driven wrt HGS and rife w/ b/o failures, i dunno, hang onto your wallet :) -- in any case, one probably worth watching for a while....... mike ------------------------------ Date: Tue, 08 Apr 1997 22:54:40 -0700 From: "Louis H. Gipson, RN" Subject: [CANSLIM] Beginner feedback Hi Tom, I have two situations for your comments or from anyone else who cares to contribute. I currently hold UTEK(89-85-B-+102) . I bought at 100 shares at 15.75 in a private account, sold all at 25.75 to transfer to an IRA. Repurchase 40 shares UTEK in the IRA at 28.75 about a week later and now at 25 on today's close. With the balance of the private proceeds, I bought 40 shares ONTK @ 22.25 (now 27.50) and 180 shares XSYS @ 3.125 (now 4). Including commissions, I have a 63% gain since July '96. This is all pre-CANSLIM mind you. I also said I am presently a small investor. ONTK (80-98-B-+102)is being merged with Lam Research LRCX (48-79-B-+73) with a stock trade of .83 LRCX for each ONTK. My plan is to sell ONTK and UTEK and buy ASMLF (90-98-c-+129). I presently do not have the graphs to evaluate the present price status of ASMLF so I am not as informed as I would like to be. ONTK is shown in graph in IBD 4/8/97. Am I correct to judge it is a good point to sell ONTK due to the reduced volume? I'm trying to keep my shirt while learning a new system. Any comments will be welcome. Louis Gipson, RN ------------------------------ Date: Tue, 08 Apr 1997 22:54:19 -0500 From: Luke Lang Subject: Re: [CANSLIM] Gut Feelings James, ALTR, QNTM, and TXN are all due to report earning soon - ALTR tomorrow. I was disappointed with AMD's lack of response to great earning. If SEG doesn't close up strongly tomorrow, I would then sell these stocks before earning announcement. They could be bid up in anticipation of good earning only to be sold on the new. Luke Lang Brenda wrote: > > I saw ALTR break ever so slightly through > some overhead resistance, closing at a new 52 week high. I saw both QNTM > and TXN who are in different groups both break upward into new high ground > and noticed their graphs look very, very similar. > QNTM been strong for last six days in a row. Should ALTR post good > numbers it should move too. TER on over 2 million new 52 week high. DELL > even up 6% this week on 6 million shares. ------------------------------ Date: Tue, 08 Apr 1997 23:00:28 -0700 From: "Louis H. Gipson, RN" Subject: Re: [CANSLIM] Introduction > Well, it was long winded - but never let it be said that I jumped in > without letting everyone know where I was coming from. Happy to be here > and will try to make meaningful contributions if I can. Thanks for > having me. > > Jimmy > > jimmy.sorrells@axiomtech.com Hi Jim, Welcome to the group. Nice to know I'm not the only new kid on the block. Also new to CANSLIM and learning fast. Good Luck on your learning. Louis Gipson< RN ------------------------------ Date: Tue, 08 Apr 1997 23:07:41 -0500 From: Luke Lang Subject: Re: [CANSLIM] Recent "picks" mentioned Tom, Thanks for the advice. I like the idea of "insurance." Luke Lang Tom Worley wrote: > > If you would buy it anyway, then insider buying can serve as an > extra "insurance" justification. But don't buy just because the > "insiders" who supposedly "know everything" are also buying. I have > seen big corporations flat out and out lie to their employees, > including mid-level and even higher management types. Call me > cynical, but I've been there, done that, learned and won't be back. ------------------------------ Date: Tue, 08 Apr 1997 23:16:42 -0500 From: Luke Lang Subject: [CANSLIM] Market timing I have always heard that missing the X best days over the last Y years will result in nearly no net gain in that period. However, I have never heard how well a person can do if he/she manages to miss the X worst days over the same period. From a very simple technical analysis point of view, I wonder how well a person can do by simply selling when say 50 dma crosses under 100 dma and buying when crossing over. Can anyone comment on this? (Feel free to change the moving average period.) Thanks. Luke Lang ------------------------------ Date: Wed, 9 Apr 1997 01:25:40 -0500 From: "Brenda" Subject: Re: [CANSLIM] Beginner feedback I mentioned ASMLF a couple of days ago. I "have" owned up but not now. Got stopped out. Three days ago up 8. Two days ago up five. One day ago down 3 or 4. Today up 4 and change. If you like roller coaster rides you should love this one! Good luck though. My stomach is just not strong enough to own it. I remember when I was grading it I liked ASTSF better but then there goes another on of those "F" stocks. A few here did not care much for ASTSF but I do currently own it. Have a good day but remember to be very, very careful in this market. ALL of my current postions have ACTUAL stop loss orders in place. 15% off of the purchase price or the highest the stock has ever been. Not exactly CANSLIM but IMHO in this market tighter stops force you out at exactly the bottom of many corrections. James - ---------- > From: Louis H. Gipson, RN > To: canslim@xmission.com > Subject: [CANSLIM] Beginner feedback > Date: Wednesday, April 09, 1997 12:54 AM > > Hi Tom, > > I have two situations for your comments or from anyone else who cares to > contribute. > > I currently hold UTEK(89-85-B-+102) . I bought at 100 shares at 15.75 > in a private account, sold all at 25.75 to transfer to an IRA. > Repurchase 40 shares UTEK in the IRA at 28.75 about a week later and now > at 25 on today's close. With the balance of the private proceeds, I > bought 40 shares ONTK @ 22.25 (now 27.50) and 180 shares XSYS @ 3.125 > (now 4). Including commissions, I have a 63% gain since July '96. This > is all pre-CANSLIM mind you. I also said I am presently a small > investor. > > ONTK (80-98-B-+102)is being merged with Lam Research LRCX (48-79-B-+73) > with a stock trade of .83 LRCX for each ONTK. My plan is to sell ONTK > and UTEK and buy ASMLF (90-98-c-+129). I presently do not have the > graphs to evaluate the present price status of ASMLF so I am not as > informed as I would like to be. ONTK is shown in graph in IBD 4/8/97. > Am I correct to judge it is a good point to sell ONTK due to the reduced > volume? > > I'm trying to keep my shirt while learning a new system. Any comments > will be welcome. > > Louis Gipson, RN ------------------------------ Date: Tue, 08 Apr 1997 23:25:43 -0700 From: "Louis H. Gipson, RN" Subject: [CANSLIM] RN view on ALF Hi all, Just read the article on ALF in the IBD today. I am an RN and work exclusively in home care. The last three years has seen a tremendous increase in the number of board and care facilities, aka assisted living. Here in north central CA, new facilities are popping up monthly. Not just mom & pop outfits, 30-100 bed centers in a very upscale deco. The rates can be as low as $1325 for a tiny room, but quickly go up to $3000-$4000 per month for luxury two bedroom units with all the services. Please note, these units have 6-12 month waiting lists. As a nurse, I am confident to say that the market for home related health care services and products must increase simply because of the increase in the number of people over 65, not to mention over 85. Companies like ALF, if properly managed can only continue to grow. Another company I am familiar with is Chad Therapeutics CTU AMEX (96-13-D). My NAIC club bought this one based on future earnings growth at 19. Unfortunately, it is now 10.875. The latest earning were up 18% but the volume has dried up. Any CANSLIM feedback on CTU is appreciated. Louis Gipson,RN ------------------------------ Date: Wed, 9 Apr 1997 01:29:53 -0500 From: "Brenda" Subject: Re: [CANSLIM] Market timing In a LOT of articles that Peter Lynch writes he takes three different investment philosophies over the last 10 years. The lucky investor who buys at exactly the right time, the one who is the unluckies buying at the worst possible time, and then the investor who buys regularly on the 1st day of each year. Each is "in" the market for the entire period. The differences are almost negligible. I always find it amazing. His point is to "just be IN". Don't try to time. Even in hindsight when you do it EXACTLY right the extra return is less than 1%. He doesn't know anybody good enough to do it AHEAD of time. Hope that helps. James - ---------- > From: Luke Lang > To: CANSLIM List > Subject: [CANSLIM] Market timing > Date: Tuesday, April 08, 1997 11:16 PM > > I have always heard that missing the X best days over the last Y years > will result in nearly no net gain in that period. However, I have > never heard how well a person can do if he/she manages to miss the > X worst days over the same period. From a very simple technical > analysis point of view, I wonder how well a person can do by simply > selling when say 50 dma crosses under 100 dma and buying when > crossing over. Can anyone comment on this? (Feel free to change > the moving average period.) Thanks. > > Luke Lang ------------------------------ Date: Wed, 9 Apr 1997 07:30:36 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Introduction You've come a long ways, Jimmy, and welcome to the group. You have learned a lot about CANSLIM to already recognize that 1997 is not 1996, and to use patience rather than trying to force a stock to meet your criteria (something I am guilty of at times). If you are not already familiar with O'Neill's Daily Graphs books, you may want to take out a trial subscription. For me, they are even more useful than IBD. tom w - ---------- > From: Jimmy Sorrells > To: canslim@xmission.com > Subject: [CANSLIM] Introduction > Date: Wednesday, April 09, 1997 12:08 AM > > Greetings, > > I would like to take this opportunity to introduce myself to the group. > My name is Jimmy Sorrells, I am in my mid-thirties, married with three > children, left my full-time job in 1994 and started a software > development company (still in business), been mesmerized by the stock > market for years. > > CANSLIMing has been tough this year. I have not found a single stock > this quarter that met the criteria that I was using throughout last > year. I look every day, but I see nothing attractive at the moment. > ------------------------------ Date: Wed, 9 Apr 1997 07:36:27 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Market timing A lot of mutual funds use graphs showing what would be the return over time if you put all your money each year in on the worst day, then on the highest day. While the difference over 20 years is considerable, the avg annual return even for investing on the worst day each year is still far better than a bank acct. I have never tried to use the 100dma, but have occasionally bot a stock as the 50dma crossed up over the 200dma, and usually made money. Results were not so good selling when the 50 crossed down over the 200, usually because I had already stayed in the stock too long. In the latter case many times it ended up never quite crossing, instead doing a 200dma bounce and going back up, leaving me behind. The lesson for me was that had I sold when I should have, I could have bot back in for that bounce and ended up making money. tom w - ---------- > From: Luke Lang > To: CANSLIM List > Subject: [CANSLIM] Market timing > Date: Wednesday, April 09, 1997 12:16 AM > > I have always heard that missing the X best days over the last Y years > will result in nearly no net gain in that period. However, I have > never heard how well a person can do if he/she manages to miss the > X worst days over the same period. From a very simple technical > analysis point of view, I wonder how well a person can do by simply > selling when say 50 dma crosses under 100 dma and buying when > crossing over. Can anyone comment on this? (Feel free to change > the moving average period.) Thanks. > > Luke Lang ------------------------------ Date: Wed, 9 Apr 1997 07:44:32 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RN view on ALF Here's another of my biases, learned from experience. It is rare that I will even look at a chart of an AMEX listed stock. On the few occasions when I buy an AMEX stock, it is almost always due to a story/rumor, as I did recently on PanAm. I have not found CANSLIM to work well there since the vol is so low (about 12 mil shares/day for the ENTIRE exchange). It's time has passed, and should be rolled into NASDAQ (few cos remain there that qualify for NYSE). On the other hand, I have seen a nr of cos that move from AMEX to NYSE move up nicely in the weeks following. tom w - ---------- > From: Louis H. Gipson, RN > To: canslim@xmission.com > Subject: [CANSLIM] RN view on ALF > Date: Wednesday, April 09, 1997 2:25 AM > > Hi all, > > Just read the article on ALF in the IBD today. I am an RN and work > exclusively in home care. The last three years has seen a tremendous > > Another company I am familiar with is Chad Therapeutics CTU AMEX > (96-13-D). My NAIC club bought this one based on future earnings growth > at 19. Unfortunately, it is now 10.875. The latest earning were up 18% > but the volume has dried up. Any CANSLIM feedback on CTU is > appreciated. > > Louis Gipson,RN ------------------------------ Date: Wed, 09 Apr 1997 8:08:25 CDT From: "David F. Cameron" Subject: Re: [CANSLIM] Introduction J. Sorrells writes: > > losers), I decided maybe there was a better way. I had never bought any > "name" companies, so I decided to buy stocks in companies that I knew > something about, and that seemed to be trading for bargain prices; I > invested in Ford because I thought they were making the best new > American cars, I bought Liz Claiborne and the Limited because my wife > said they were the best, I bought Lowes because they were local and I > liked their stores. You get the picture. So for most of the late > eighties and the early ninties I did OK. Knew absolutely nothing about This still isn't a bad way to go - as long as you check out the financials (in most cases). > > What a revelation! When I looked at the performance of several of the > high-tech funds in 1995, I was floored. Many of them had an annual > return of 75-90% for that year! You mean I could have put my money into > a mutual fund and almost double it in one year!? What was going on? What Of course... now you know this is rare. > did they know that I didn't? Well since I didn't know anything, they > really had me at a disadvantage. So I decided to learn about the stock > market. I started reading books on the subject; first Peter Lynch's > short volumes (good discussion of buying quality growth companies and > staying in the market all of the time); next The Warren Buffet Way (my > first encounter with value investing, which I tried for several months); > then I wanted to read stories about sucessful investors, how did they do > it? So I read Schwagers' Market Wizards and New Market Wizards, Trains' > Money Masters and New Money Masters, Reminiscences of a Stock Operator, > and How I Made $2,000,000 by Darvas (a corny title but a very good > book). I read Zweigs Winning on Wall Street, Trader Vic by Sperandeo, > Common Stocks for Uncommon Profit by Fischer, Secrets for Profiting in > Bull and Bear Markets by Weinstein, Random Walk Down Wall Street, and > others that are not worth mentioning. All of this reading definitely > opened my eyes to things that I had never even considered before (that > groups of stocks actually moved in unison, that interest rates > influenced the stock market, that the trend of the Dow, the S&P 500, and > the NASDAQ were important, etc). > Wow.... you don't do things half-way, do you! I've read about 2/3 of these books - I think its a great idea to keep reading. > > CANSLIMing has been tough this year. I have not found a single stock > this quarter that met the criteria that I was using throughout last > year. I look every day, but I see nothing attractive at the moment. > And you even realize it - I'm impressed. I had to lose a chunk of my capital before I realized it. > Well, it was long winded - but never let it be said that I jumped in > without letting everyone know where I was coming from. Happy to be here > and will try to make meaningful contributions if I can. Thanks for > having me. I hope you'll be an asset to the group > > Jimmy > jimmy.sorrells@axiomtech.com > Dave Cameron dcameron@harper.cc.il.us ------------------------------ Date: Wed, 09 Apr 1997 8:11:46 CDT From: "David F. Cameron" Subject: Re: [CANSLIM] Hurrah - A "small" breather James, Thanks for the source. I have not. I checked my library last night which has a pretty good selection - but no luck. I may look into buying it - it sounds promising! BTW, good calls on some of these stocks lately. I'm gunshy because I've been stopped out of my last 5 purchases only to see some of them bounce back. The 15% rule might not me a bad thing now - but I've lost enough with a 10% rule of late. So... even though I hate paper trading, I'm on the sidelines for now - holding a couple stocks that are more or less flat of late (except for STAR - which I'm "married" to...). Dave > > Dave have you read The Tao Jones Averages by Bennett W. Goodspeed? In > talking about the left/right side brain - The book carries a sub title of A > Guide To Whole Brained investing. > James > > ---------- > > From: David F. Cameron > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Hurrah - A "small" breather > > Date: Tuesday, April 08, 1997 1:11 PM > > > > > > Rick, and everyone: > > > > CANSLIM seems in its ideal state to include both elements of > > what psychologists call left-brain actions and right-brain > > actions. The one side deals with logic and language. > > The other deals with creativity and intuition. IMHO, O'Neil > > couches his book with a base of logic - but then introduces > > elements of creativity/intuition. It is hard to be a > > successful investor without both. Others may disagree, > > but that's my call. > > > > Later, > > > > Dave Cameron > ------------------------------ Date: Wed, 09 Apr 1997 08:38:17 -0500 From: Jimmy Sorrells Subject: Re: [CANSLIM] Beginner feedback Louis H. Gipson, RN wrote: > I have two situations for your comments or from anyone else who cares to > contribute. . . > and UTEK and buy ASMLF (90-98-c-+129). I presently do not have the > graphs to evaluate the present price status of ASMLF so I am not as > informed as I would like to be. Louis, You can get free historical and intraday price and volume charts at http://www.lombard.com You have to register, but it is free, and they have data on any stock that I have ever been interested in. Good luck. Jimmy - -- - --------------------------------------------------- Jimmy Sorrells Axiom Technology Inc. (205) 722-0075 voice 115 Murry Drive (205) 721-0805 fax Madison, AL 35758 jimmy.sorrells@axiomtech.com - --------------------------------------------------- ------------------------------ Date: Wed, 9 Apr 1997 06:57:41 -0700 From: Brian Nash Subject: RE: [CANSLIM] Introduction Jimmy wrote: <>> I can see how Lowes would be compelling. I am forbidden to go there without adult supervision. I spend $100 even if I just go for light bulbs and duct tape. ------------------------------ Date: Wed, 9 Apr 1997 06:57:41 -0700 From: Brian Nash Subject: RE: [CANSLIM] Introduction Jimmy wrote: <>> I can see how Lowes would be compelling. I am forbidden to go there without adult supervision. I spend $100 even if I just go for light bulbs and duct tape. ------------------------------ Date: Wed, 9 Apr 1997 07:56:48 -0600 From: "Jay Cliburn" Subject: Long-term debt Was: Re: [CANSLIM] ORBKF > ORBKF 98 95 95 B -- nice b/o today on 2 x normal > > this one sports some good numbers, including zero lt debt, I've noticed more than once in this group that zero debt is lauded as a sound management practice. (That's what I've inferred here, Mike. I may be wrong.) I'll perhaps be the lone voice crying in the wilderness here, but I'd like to take issue with that notion. Debt has a valuable place in a firm's capital structure. Of the three elements of capital structure (debt, preferred equity, and common equity), debt is usually the least expensive. (Remember that interest on debt is tax deductible.) Of course, care must be taken not burden the firm with excessive debt at high interest rates, but in general debt is a perfectly acceptable (and profitable) way to generate shareholder wealth, and companies make deliberate decisions regarding the appropriate amount of debt to be carried in their respective capital structures. In *my* mind, at first blush, zero long-term debt implies inefficient, or at least inSUfficient, employment of capital. Just my opinion. - -- 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) ------------------------------ Date: Wed, 09 Apr 1997 10:04 -0400 (EDT) From: "Peter P. Newell" Subject: [CANSLIM] AOL mail problems For the few AOL subscribers. AOL Tech support confirmed that it is still having some email difficulties. Peter Newell P.S. I hope you get this note, I'll check on my aol account. ------------------------------ Date: Wed, 9 Apr 1997 10:44:13 -0400 From: Jonathan Polito - Lucent ASCC Subject: Re: [CANSLIM] Gut Feelings James, I think "gut feelings" can account for a lot. Generally, gut feelings are made up of too many variables to consciously enumerate and assess. You need to ride the market like a wave. An intesting book I've been reading is Vic Sperandeo "Trader Vic II - Principles of Professional Speculation." He worked with George Soros at one point and mentions that one of Soros' main principles to making money is by identifying false views and then trading with those false views and get out just before people start to realize they are false. What is interesting is that Sperandeo harks back to some of the things Tom talked about a while ago regarding the gov's fiscal and economic problems. When you look at our economy objectively it sure looks like a great big bubble. But as long as the bubble is expanding you might as well keep riding it...just watch out! - - Jonathan. ------------------------------ Date: Wed, 09 Apr 1997 10:50:23 -0400 From: Michael A Langston Subject: re: Long-term debt Was: Re: [CANSLIM] ORBKF jay writes: > I've noticed more than once in this group that zero debt > is lauded as a sound management practice. (That's what > I've inferred here, Mike. I may be wrong.) ayep, it's just one little piece of the puzzle, but low debt is IMHO better'n high debt > I'll perhaps be the lone voice crying in the wilderness here, but > I'd like to take issue with that notion. Debt has a valuable place > in a firm's capital structure. Of the three elements of capital > structure (debt, preferred equity, and common equity), debt is > usually the least expensive. lots of angles to this, i'll just mention a couple -- not from the co's perspective, but from the shareholder's (1) reducing l-t debt is frequently used as excuse to issue more shares, and you know what a p.o. announcement does to stock price (2) multiples are often thought to be limited by excessive debt (3) as the fed raises s-t rates, more eyeballs look at l-t debt (4) $ not spent on debt could instead be used in a stock buyback program -- oops, i said just a couple! -- anyway, all other factors being = i'll pick a co with lower debt any day mike ------------------------------ Date: Wed, 09 Apr 1997 11:05:49 -0400 From: Michael A Langston Subject: re: [CANSLIM] RN view on ALF > Here's another of my biases, learned from experience. It is rare > that I will even look at a chart of an AMEX listed stock. that might worth be work a rethink tom -- just a little anyway i've played some real winners over at the curb -- AK, CDT (before it became CDTX), PPD, TCA, TKN, etc it's been nearly a year, but when canslim is in vogue i think it works at the amex as well as anywhere strictly my 3 cents (had to add one, inflation you know) mike ------------------------------ Date: Wed, 09 Apr 1997 10:14:51 -0500 From: Jimmy Sorrells Subject: Re: [CANSLIM] Introduction David F. Cameron wrote: > > CANSLIMing has been tough this year. I have not found a single stock > > this quarter that met the criteria that I was using throughout last > > year. I look every day, but I see nothing attractive at the moment. > > > > And you even realize it - I'm impressed. I had to lose a chunk of > my capital before I realized it. Don't get me wrong. 1996 was not all that good for me, I wound up losing money overall. I am chalking it up to "tuition costs" involved in learning a new investment (trading) approach. My biggest mistakes were in not honoring my stop-loss orders. More than once I moved a stop-loss DOWN, just to give the stock "a little more room". I know, this is a Cardinal Sin, but I had to experience it before I really took it to heart. But owning and watching several stocks that recorded double digit (and sometimes triple digit) returns in a matter of weeks really convinced me that there is true merit to the CANSLIM approach. And it really fits my personality. I am not comfortable with "buy and hold" long term investment, and I do not have the patience or perserverence that it takes to be a value investor. There is nothing wrong with those methods, they just don't fit me as well. Here's hoping that I at least learned enough in 96 to make 97 profitable. Jimmy - -- - --------------------------------------------------- Jimmy Sorrells Axiom Technology Inc. (205) 722-0075 voice 115 Murry Drive (205) 721-0805 fax Madison, AL 35758 jimmy.sorrells@axiomtech.com - --------------------------------------------------- ------------------------------ Date: Wed, 9 Apr 1997 11:07:47 -0500 From: "Brenda" Subject: Re: [CANSLIM] Hurrah - A "small" breather Dave, One thing about the book that I was not too fond about was a test they give you at the end. I took the test and then got the results. They gave the results of many known people and what their scores were and my scores identified almost EXACTLY to be Jimmy Rogers. Oh well, can't win them all. Guess he must be doing something right to be managing billions of dollars. And both of us are about equally fond of the gov't, the way they report, the way they vote, act, etc., etc. Have a good day. - ---------- > From: David F. Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Hurrah - A "small" breather > Date: Wednesday, April 09, 1997 8:11 AM > > Thanks for the source. I have not. I checked my library last night > which has a pretty good selection - but no luck. I may look into > buying it - it sounds promising! > >> > Dave have you read The Tao Jones Averages by Bennett W. Goodspeed? In > > talking about the left/right side brain - The book carries a sub title of A > > Guide To Whole Brained investing. > > James > > > > ------------------------------ Date: Wed, 9 Apr 1997 09:16:03 -0700 From: "Fred J. Sabour" Subject: RE: [CANSLIM] ORBKF Mike, It looks like a stock being RECOGNIZED and able to run. If 'M' stays favorable, I can see it run another 15-25%. One word of caution. It has crossed Bollinger's upper band and may have to pause or slow down a bit here. Fred P.S. I'm getting a short term (trading) buy signal on IBM !! Does anybody follow it here? - -----Original Message----- From: Michael A Langston [SMTP:langston@cs.utk.edu] Sent: Tuesday, April 08, 1997 10:45 PM To: canslim@mail.xmission.com Subject: [CANSLIM] ORBKF ORBKF 98 95 95 B -- nice b/o today on 2 x normal this one sports some good numbers, including zero lt debt, funds 1%, u/d 2.2, good PEG (pe 12 vs 98 est of 22%), roe 26%, last 4 q's eps: 118%, -17%, 40%, 52% -- next eps report due in early may on the worrisome side, an intraday show a flurry of buy orders in the last 15 minutes of trading, and anyone familiar with rags like pristine-day-trader may smell a rat, these sort of b/o's may last only a day or two until players cut and run -- and the price, while at a new high, is already roughly 10% over the b/o point (depending on how you read it), so if you didn't have a buy stop in place or r-t quotes you were left out today -- and then there's that F in the symbol, so many of these are manipulated (IMHO) i'd not be surprised to see some more quick upside from here, this one appears to have legs -- after that, given that this market seems to be largely day-trader driven wrt HGS and rife w/ b/o failures, i dunno, hang onto your wallet :) -- in any case, one probably worth watching for a while....... mike begin 600 WINMAIL.DAT M>)\^(B@0`0:0" `$```````!``$``0>0!@`(````Y 0```````#H``$(@ <` M& ```$E032Y-:6-R;W-O9G0@36%I;"Y.;W1E`#$(`0V ! `"`````@`"``$$ MD 8`T $```$````0`````P``, (````+``\.``````(!_P\!````40`````` M``"!*Q^DOJ,0&9UN`-T!#U0"`````&-A;G-L:6U ;6%I;"YX;6ES&UI``$P`0```!P````G8V%N&UI`' ` M`0```!0```!213H@6T-!3E-,24U=($]20DM&``(!<0`!````%@````&\10%1 M7&/.HMBPM1'0N[)$15-4`````!X`'@P!````!0```%--5% `````'@`?# $` M```2````9FIS86)O=7) 8W=I82YC;VT````#``80C& )T ,`!Q#/! ``'@`( M$ $```!E````34E+12Q)5$Q/3TM33$E+14%35$]#2T)%24Y'4D5#3T=.25I% M1$%.1$%"3$543U)53DE&35-405E31D%63U)!0DQ%+$E#04Y3145)5%)53D%. M3U1(15(Q-2TR-25/3D573U)$3P`````"`0D0`0```/D%``#U!0``(0@``$Q: M1G7!](&5`P`*`')C<&`1E0 M';$>839E'P47I$8)<28:4"[B4QMB)VT@(B "0!F"/1CA: D1&O $D"A0*'35 M'*!D&8$I&5!U(Y `D!QG;@= '_ #H$E"3<@@(2$;<$1O!Y$`0 60=*$2!#$V("TODD\%$)9G"X JX4T'D'-A M(B _+Y,F%BZD+G$+$RZF:2WX,30T`4 8D#,S#- S,ZQB(";0`W Z#(-B%S+% M$/%E`R!!($P/$1D!@0.@6U--5% Z#P(A-C) 8W,N(%!K+OD)@'5=)A4T8 9@ M`C TQ[)4"E!S9!P@'/!!$L )`Q$P.!SP,3DY-P$>D# Z-#4@4$UY."=4;S3' M'3$DP =P0.,`P ,0+GAM! $@<@6@8FTX*'5B:B[1-,=;`$-!3E-,24U=P"!/ M4D)+1C$_,DO'"\4?)$"2(#DX0\ [0%5$`4(O@2 #`&,8P&*^+QL0&1 YP2L" M$O!X1*#_!; `P ,A)BD>4 0`*P$8P&QS< D1!"!S`W 8P&>S&$ :D&YU!M $ MD',<\,T+@&,*0"H"('H$D!L0IFP%0 $`8G0<\&8;0"9D!"$7LS$E'/!U+S$: MD#(N,ASP2)-01=Y'*; BH!Z0$O!V!"!#T8<'D 5 ( $R,B4I'/!S`V 8P#(V M2\$+8$WQ-(5&=7$B465PD.PQ.$O!,R W2\$S4$O!Y0Y )41S97@%0%!1 M&R!?4% I,C?P'9$#H&4*P&S_(Y C<28:*Q$>41^B!1!(0_\`D $`'/ #D0N M*=(C@2D1[P?@&. .\ APH"-@?PN (% ' MD2 !*=56,B,2>?]'DAQ@/: 8D K!`_ >4!L@_S"P&'47I#HA&0`+@##0.<'N M+2G2'G$C5B2_F,@4!IC'>)$@1IR51(Z(?M$T!SP=T=0&M$7 MI& `&-%G'X 'X$=09VA)42OQ;.\)<"GP(Y #8'5GP%/!#T#]4=!O(]!C,54A M10)'X%:!_RFP`0`BH!J &8)4AUDXG)>L"!Q=2ZQ!"!L(OYW)=$8( %Q M'_!D@45$93A_5/,)<")1'E!G$4.P6-MS_P;#;.,#@5?38$0*P!C `X%=!2!U M"V I 90"* 5?(<4 -A_R6S8")'852&&,$BD1$1&O+_([,:T%T193(!@&F38 (P M$-\CT%3R9Q%'0P# 1$+8'*W(B!3P5Z)9 40?\)W M*4&\2$<%\&2S!I ?D2]$\W\<8 ,0"' 'D!SP>#53$6[_'C <\!$`&9$"(1L0 M;"%<@?<'0!K0!4 Z*D!$@5-A=:+_'3 1,!SP1Y(ND2+@`F CD.\7I!^Q7,&' MP'00\!F"`A#W!< 8X&93+HPT)AH]H!=P%RV+%[,3@0"/``````,`$! ````` M`P`1$ `````#`( 0_____T `!S" 8HPN`$6\`4 `"#" 8HPN`$6\`0L``( ( M( 8``````, ```````!&``````.%`````````P`"@ @@!@``````P `````` M`$8`````$(4````````#``6 "" &``````# ````````1@````!2A0``' X` M`!X`)8 (( 8``````, ```````!&`````%2%```!````! ```#@N, `#`": M"" &``````# ````````1@`````!A0````````L`+X (( 8``````, ````` M``!&``````Z%`````````P`P@ @@!@``````P ```````$8`````$84````` M```#`#* "" &``````# ````````1@`````8A0```````!X`08 (( 8````` M`, ```````!&`````#:%```!`````0`````````>`$* "" &``````# ```` M````1@`````WA0```0````$`````````'@!#@ @@!@``````P ```````$8` M````.(4```$````!`````````!X`/0`!````!0```%)%.B ``````P`--/TW $``!08(4` ` end ------------------------------ Date: Wed, 9 Apr 1997 11:29:43 -0500 From: "Brenda" Subject: [CANSLIM] Fw: ALERT (AMD) -- Closing Bell Here is a service that you can subscribe to if you wish. It is free. You can put in a portfolio and at the end of the day they give you an update. More importantly they will e-mail you certain information that "could be" helpful. It doesn't have to mail me something but ONCE a month that I make money on for it to be worthy in my opinion. Check it out and if you find it advantageous to your investment style then enjoy. James - ---------- > From: Mercury Mail > To: bks@lcc.net > Subject: ALERT (AMD) -- Closing Bell > Date: Wednesday, April 09, 1997 10:31 AM > > Closing Bell Alert for Wednesday, Apr 09, 1997 > > ******************************************************************* > 10 Yrs of Historical P/E, Rel P/E, Earnings Surprise, etc. > Weekly and Monthly Constant Time Horizon Historical Earnings > Estimates ONLY AT MARKETPLAYER. Five Week Access Free. > PLUS the NEW invest-o-rama! HedgeHog Competition STARTS FRIDAY! > http://www.marketplayer.com/sponsor/investorama > ******************************************************************* > > Robertson, Stephens said analyst Dan Niles upgraded ADVANCED MICRO > DEVICES INC. (down 1/8 to 43-1/4 at 10:21am EDT) to long-term > attractive from market performer. Said AMD's recently reported > revenue, operating margins and EPS "were higher than our > expectations." Raised EPS estimate for 1997 to $1.23 from $1.00 and > 1998 estimate to $3.75 from $2.60. Projects company's K6 > microprocessor shipments at 3.3 million units in fiscal 1997 and 14 > million in 1998. (Reuters 09:48 AM ET 04/09/97) > > ====================================================================== > Mercury Mail, Inc. is an independent company not affiliated or > associated with Mercury Center, the San Jose Mercury News, or > Knight-Ridder, Inc. > Closing Bell is a trademark of Mercury Mail, Inc. > (c) 1997 Mercury Mail, Inc. All rights reserved. > > * 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 > * If you do not have web access, or if you have any problems or > suggestions, send e-mail to our help desk at feedback@merc.com > > ------------------------------ Date: Wed, 09 Apr 1997 10:11:14 -0700 From: "Louis H. Gipson, RN" Subject: [CANSLIM] Yahoo charts Can anyone tell me if the charts available from Yahoo Finance either in the three months or one year graphs are adequate for at least a beginning to evaluate the price and volume patterns of possible stocks to buy with CANSLIM. In using the graphs, is it preferable to use daily or weekly values and for how long. Louis Gipson, RN ------------------------------ Date: Wed, 9 Apr 1997 11:38:08 -0600 From: owner-canslim@xmission.com Subject: [none] [129.123.180.19]) by mail.xmission.com (8.8.5/8.7.5) with SMTP id LAA12964 for ; Wed, 9 Apr 1997 11:30:21 -0600 (MDT) Received: by scrooge.idec.sdl.usu.edu (951211.SGI.8.6.12.PATCH1042/920502.SGI.AUTO) for canslim@xmission.com id LAA04991; Wed, 9 Apr 1997 11:30:16 -0600 From: jeff@scrooge.idec.sdl.usu.edu (Jeff Salisbury) Message-Id: <970409113016.ZM4989@scrooge.idec.sdl.usu.edu> Date: Wed, 9 Apr 1997 11:30:16 -0600 X-Mailer: Z-Mail (4.0.1 13Jan97) To: canslim@xmission.com Subject: [CANSLIM] Messages are stalled if you use word "subscribe" MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Sender: owner-canslim@xmission.com Precedence: bulk Reply-To: canslim Canslimers, If you use the word "subscribe" in your postings, your message will be bounced to me the admin for approval. Its an annoying feature that I've tried to convince my ISP to turn off. Instead of using the word "subscribe", use "Subscribe". Otherwise, there will be a delay in your posting. Jeff ------------------------------ End of canslim Digest V1 #134 ***************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". If you want to subscribe something other than the account the mail is coming from, such as a local redistribution list, then append that address to the "subscribe" command; for example, to subscribe "local-canslim": subscribe canslim-digest local-canslim@your.domain.net A non-digest (direct mail) version of this list is also available; to subscribe to that instead, replace all instances of "canslim-digest" in the commands above with "canslim". Back issues are available for anonymous FTP from ftp.xmission.com, in pub/lists/canslim/archive. These are organized by date.