From: "Tom Gumpel, PhD" Subject: Re: [CANSLIM] Leaders List Date: 01 May 2000 13:45:50 -0700 Earl, I'm new to this list, and new to CANSLIM in general, but that's a great list. I assume that you use a spreadsheet to create the list; I'd be interested in seeing it, if it's in the public domain. I counted 33 stocks with good bases that were either developing or were well developed. Great time saver! Tom ----- Original Message ----- Sent: Sunday, April 30, 2000 7:08 AM > Here is my latest "Leaders List". This list is assembled by taking stocks > in the top 40 Industry Groups and generating a score for the stocks by > combining IBD EPS, RPS, SPR rating, A/D rating, and Sponsorship rank. > (Note that I have skipped the two or three Industry Groups in the Top 40 > that are negative for the year.) I try to remove any stocks that are being > purchased from the list. The list is the top 100 (or so) stocks by score > (in order, highest scores first). I monitor this list for technical > signals to buy. This list represents strong stocks that you may want to > watch, but they have not been reviewed for technical signals yet, so PLEASE > do your own DD before you buy. > > Personally, I've "tip-toed" back into the market a little the last few > days. I am 33% invested at this point. Disclaimer: I own BBRC and MTSN > (which just missed the list this week). > > QGENF > TLGD > TQNT > PWAV > QLGC > SDLI > DSPG > ADCT > PCCC > TLCM > AMCC > CREE > ALTR > TECH > PMCS > PLMD > FLEX > LTRE > TKLC > BBRC > TNL > SMTC > NT > RMD > IMPH > NTAP > PWER > SNDK > CDWC > KING > DY > SCI > PSEM > XLTC > CHP > ELNT > ERICY > PLXT > AMK > KEI > ANEN > DRAM > QCOM > ADTN > MCHP > NEWP > APH > VOXX > ADIC > VTSS > MCRL > DFXI > CMVT > RFMD > JBL > WAT > MXIM > SILI > NVLS > DGX > SUNW > HH > XLNX > VSH > ZOLL > HC > ASMI > SFA > AMKR > NOK > ELN > SLR > CTS > ADI > TER > SAWS > SBL > ORBK > AUDC > AFCI > ACTL > VRI > ESIO > OCCF > MIL > ZOMX > DIO > GLW > DITC > SSTI > MOLX > DS > PROX > CGNX > XETA > AMAT > MEAD > STM > EDMC > CTV > SANM > > > > - > - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 01 May 2000 08:00:00 -0600 This is a twice monthly 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 three remedies for this problem: 1) You can leave our group. 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. Or, 3) You can setup customized filters on your own mail client to sort the incoming canslim messages to its own folder. If you wish to modify your canslim subscription, email a message 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@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - ------------------------------------------------------------------------------- From: Pritish Shah Subject: Re: [CANSLIM] The 8% Stop Date: 01 May 2000 10:56:56 -0700 (PDT) Also the key thing that most people forgot to mention as to why 8% and why not anything else or why 10% and why not anything else. The reason is pretty simple. With a 10% loss, you need a 11% gain to make up for the loss With a 20% loss, you need 25% gain to make up With a 30% loss, you need 50% gain to make up With 40% loss, you need 66% gain to make up you get the picture? So the reason for the 7 to 8% loss is that you need 7 to 8% gain to offset the loss. Regards, Pritish On Sat, 29 Apr 2000, Earl Setser wrote: > Ah, history you seek (as Yoda would say). Here is the story from HTMMIS: > > Limit Your Losses to 7% or 8% of Your Cost (paragraph I took this from) > > ... > "When the late Gerald M. Loeb of E.F. Hutton was writing his last book on > the stock market, I had the pleasure of dicussig this issuei with him im my > office. In his first work, "The Battle for Investment Survival", Loeb > advocated cutting all losses at 10%. I was curious and asked him if he > followed the 10% loss policy himself. He said "I would hope to be out long > before they ever reach 10%." > > ... > > "To preserve your hard-earned money, I think 7% or 8% should be the limit. > Your overall average of all losses should be less, prehaps 5% or 6%, if you > are strict anf fast on your feet." > > So this is where the rule came from for us CANSLIM investors. > > > > At 01:56 PM 4/29/00 -0500, you wrote: > > > >----- Original Message ----- > >From: "Earl Setser" > >To: > >Sent: Saturday, April 29, 2000 1:07 PM > >Subject: Re: [CANSLIM] The 8% Stop > > > > > >> At 12:50 PM 4/29/00 -0500, you wrote: > >> >Hi guys, > >> >I was wondering where the almost-universal use of the 8% stop originated. > >> >What is the theory/basis for this number? > >(SNIP) > > > >> WON says that rule number 1 is to limit your losses. He suggests 7-8% as > >> the maximum loss. > > > >Hi Earl, > >Thanks for your reply. I understand WON's recommendation, but I was > >wondering about its derivation. Nearly everyone uses it including mutual > >fund folks, but I've never heard of the originator or how this *particular* > >number was arrived at. Thanks again. > >Best wishes, > >Walt > > > >(Snip) > > > >> >The reason that I'm asking is that "buying the (10%) dip" is popular > >among > >> >certain market timers, and it seems to occur often enough that they have > >> >incorporated it into their systems. > >> > >> Well, remember, the 7-8% is only based on your initial purchase. It does > >> not apply to a trailing stop based on the stocks intraday or closing high. > >> I believe 8% would be too tight for use in such approaches. > > > >> >Could there be a correlation between the sellers at about -8%, and the > >> >(usual) buyers at about -10%? > >> >While very strong stocks may withstand a general market decline, > >otherwise > >> >"good" stocks may not fare so well. Can the 8% stop be justified in light > >of > >> >the usual turn around just past 10%? > >> > >> I'm not sure there is any magic number, 8%, 10%, 15%?? I've seen daily > >> volatility WAY over any of these during the last month. Personally, I try > >> to use the closing price as my trigger point, and I don't set hard stops > >or > >> react to intraday prices (for the most part). I do try to give my stocks > >a > >> chance to recover from a late day dip if they are still close to the -08% > >> point. This approach has kept me in some good stocks, and has increased > >my > >> losses on some bad one. I'm not sure it's worked that well overall, but I > >> haven't found anything I prefer as yet. > > > > > > > > > > > > > >- > > > > > > > > > - > > - ------------------------------------------------------------------------------- From: "Matt Robinson" Subject: Re: [CANSLIM] The 8% Stop Date: 01 May 2000 15:40:17 -0400 Well, I don't really see why someone would try to make the percentage of loss tolerance equal to the percentage of gain need to cover such losses. Further, this is mathematically impossible. The percentage needed to cover a specific loss is = Percentage lost / (1 - Percentage lost). From that standpoint, I don't see much difference from a stop at 10% and one at 8%. Obviously, the level of tolerance is chosen in a tradeoff between level of risk tolerable and allowance for fluctuations and volatility. I wonder whether stop-loss rules of ~8% even have validity in these markets, or to what degree they have validity. When these ideas were formulated or when O'Neill employed such ideas, markets were less volatile. What does one do now? Because of changes in volatility parameters, much one assume more risk in order to "give stocks a chance?" Further, I wonder about the use of closing day price stops, or "soft" stops. These, I would think, fail to make use of one of the principles at the core hard stop-losses. That is: absolutely limiting losses to a specific amount. On a contrary point, I often see people falsely touting hard stop-losses as a "crash exposure prevention technique." However, often times in extreme market turns, little liquidity can be found in the other direction. That is, if there is a crash, of historical proportions like many call for, it is doubtful there will be a significant number of bids allowing people to exit with a 7-8% loss. Anyway, what I wonder is: would evaluating stocks at the end of the day (if this can be done unemotionally, which is hard to do) be as good as employing a "soft" stop-loss? If someone were to perhaps specify other parameters (that are preferably quantifiable), would this be sufficient protection. For example, I am sure that many who use "soft" stop-losses also require that volume parameters also be met. Don't misunderstand me though. While I am wondering about the validity of stop-losses, I do not suggest NOT using them. I think key to anyone's investment approach is some sort of risk mitigation and the peace of mind that it will allow. What is the best way to accomplish this? I would be curious as to what other people do to limit losses/risk. Regards Matt ----- Original Message ----- Sent: Monday, May 01, 2000 1:56 PM > > Also the key thing that most people forgot to mention as to why 8% and why > not anything else or why 10% and why not anything else. > > The reason is pretty simple. > > With a 10% loss, you need a 11% gain to make up for the loss > With a 20% loss, you need 25% gain to make up > With a 30% loss, you need 50% gain to make up > With 40% loss, you need 66% gain to make up > > you get the picture? > > So the reason for the 7 to 8% loss is that you need 7 to 8% gain to offset > the loss. > > Regards, > Pritish > > On Sat, 29 Apr 2000, Earl Setser wrote: > > > Ah, history you seek (as Yoda would say). Here is the story from HTMMIS: > > > > Limit Your Losses to 7% or 8% of Your Cost (paragraph I took this from) > > > > ... > > "When the late Gerald M. Loeb of E.F. Hutton was writing his last book on > > the stock market, I had the pleasure of dicussig this issuei with him im my > > office. In his first work, "The Battle for Investment Survival", Loeb > > advocated cutting all losses at 10%. I was curious and asked him if he > > followed the 10% loss policy himself. He said "I would hope to be out long > > before they ever reach 10%." > > > > ... > > > > "To preserve your hard-earned money, I think 7% or 8% should be the limit. > > Your overall average of all losses should be less, prehaps 5% or 6%, if you > > are strict anf fast on your feet." > > > > So this is where the rule came from for us CANSLIM investors. > > > > > > > > At 01:56 PM 4/29/00 -0500, you wrote: > > > > > >----- Original Message ----- > > >From: "Earl Setser" > > >To: > > >Sent: Saturday, April 29, 2000 1:07 PM > > >Subject: Re: [CANSLIM] The 8% Stop > > > > > > > > >> At 12:50 PM 4/29/00 -0500, you wrote: > > >> >Hi guys, > > >> >I was wondering where the almost-universal use of the 8% stop originated. > > >> >What is the theory/basis for this number? > > >(SNIP) > > > > > >> WON says that rule number 1 is to limit your losses. He suggests 7-8% as > > >> the maximum loss. > > > > > >Hi Earl, > > >Thanks for your reply. I understand WON's recommendation, but I was > > >wondering about its derivation. Nearly everyone uses it including mutual > > >fund folks, but I've never heard of the originator or how this *particular* > > >number was arrived at. Thanks again. > > >Best wishes, > > >Walt > > > > > >(Snip) > > > > > >> >The reason that I'm asking is that "buying the (10%) dip" is popular > > >among > > >> >certain market timers, and it seems to occur often enough that they have > > >> >incorporated it into their systems. > > >> > > >> Well, remember, the 7-8% is only based on your initial purchase. It does > > >> not apply to a trailing stop based on the stocks intraday or closing high. > > >> I believe 8% would be too tight for use in such approaches. > > > > > >> >Could there be a correlation between the sellers at about -8%, and the > > >> >(usual) buyers at about -10%? > > >> >While very strong stocks may withstand a general market decline, > > >otherwise > > >> >"good" stocks may not fare so well. Can the 8% stop be justified in light > > >of > > >> >the usual turn around just past 10%? > > >> > > >> I'm not sure there is any magic number, 8%, 10%, 15%?? I've seen daily > > >> volatility WAY over any of these during the last month. Personally, I try > > >> to use the closing price as my trigger point, and I don't set hard stops > > >or > > >> react to intraday prices (for the most part). I do try to give my stocks > > >a > > >> chance to recover from a late day dip if they are still close to the -08% > > >> point. This approach has kept me in some good stocks, and has increased > > >my > > >> losses on some bad one. I'm not sure it's worked that well overall, but I > > >> haven't found anything I prefer as yet. > > > > > > > > > > > > > > > > > > > > >- > > > > > > > > > > > > > > > - > > > > > > > - > __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Re: Index charts w/ volume Date: 01 May 2000 18:18:03 -0700 >>>Earl Setser CBS Marketwatch includes volume for indexes (at least the Nasdaq) in their historical quotes section. You can get there by going to the main page, selecting the index, then historical quotes, then input the date. For the Nasdaq, here is the link: http://www2.marketwatch.com/quotes/historical.asp?source=htx/http2_mw&symb=$ compq<<< Earl, Thank you much, -Jim-- - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Walter Date: 01 May 2000 18:20:13 -0700 Walter Nusbaum, Thanks to you as well, -Jim-- - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Marder Date: 01 May 2000 18:09:51 -0600 I also thought he seemed to be pretty canslimmy in the article, was talking about looking for stocks that are basing and then buying at new highs, and looking for the leading groups, pretty much what we talk about on this list every day. On 30 Apr 00, at 22:17, Earl Setser wrote: > Hmm, I'm not sure I understand your comment. The stocks he mentions are > ones I am watching (except KEM that I left off due to the 74 EPS is below > my 75 limit). They have good CANSLIM numbers, and he watching for new > highs after bases. I bought both BBRC and MTSN last week after breakouts > that he mentioned. What am I missing?? > > At 10:35 PM 4/30/00 -0400, you wrote: > >this seems more like momentum trading than CANSLIM investing. > > > >Tom Worley > >stkguru@netside.net > >chat with me at ICQ # 5568838 > >get ICQ software at http://www.icq.com/icqhomepage.html > > > > > >----- Original Message ----- > >From: Patrick Wahl > >To: > >Sent: Sunday, April 30, 2000 9:52 PM > >Subject: [CANSLIM] Marder > > > > > >Another freebie from Kevin Marder at cbs marketwatch - > > > >http://cbs.marketwatch.com/news/current/charthead.htx?source=ht > >x/http2_mw > > > >- > > > > > > > >- > > > > > > > > > - > - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] The 8% Stop Date: 01 May 2000 18:12:42 -0600 On 1 May 00, at 10:56, Pritish Shah wrote: > > Also the key thing that most people forgot to mention as to why 8% and why > not anything else or why 10% and why not anything else. > > The reason is pretty simple. > > With a 10% loss, you need a 11% gain to make up for the loss > With a 20% loss, you need 25% gain to make up > With a 30% loss, you need 50% gain to make up > With 40% loss, you need 66% gain to make up > > you get the picture? > > So the reason for the 7 to 8% loss is that you need 7 to 8% gain to offset > the loss. I think the mathematics is only a secondary consideration. After all, if at 8% you were being repeatedly stopped out, it would still get pretty expensive. O'Neil says that if you are buying a strong stock at just the right point, it is usually not going to pull back more than a few percent, so if it goes farther than that, 8%, then you are probably wrong on your purchase. - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Leaders List Date: 01 May 2000 19:15:05 -0600 I'm glad you like the list. I try to post it about once per month to give people a shorter list to start with. I won't claim it's a perfect approach, but I have done better since I've concentrated on fewer candidates. I'm still playing around with my formula that combines the rankings, and how many Industry Groups to use, so it's always a work in progress. I hope to be able to accomplish the same task via DGO in the near future. At 01:45 PM 5/1/00 -0700, you wrote: >Earl, >I'm new to this list, and new to CANSLIM in general, but that's a great >list. >I assume that you use a spreadsheet to create the list; I'd be interested in >seeing it, if it's in the public domain. >I counted 33 stocks with good bases that were either developing or were well >developed. >Great time saver! >Tom >----- Original Message ----- >From: "Earl Setser" >To: >Sent: Sunday, April 30, 2000 7:08 AM >Subject: [CANSLIM] Leaders List > >> Here is my latest "Leaders List". This list is assembled by taking stocks >> in the top 40 Industry Groups and generating a score for the stocks by >> combining IBD EPS, RPS, SPR rating, A/D rating, and Sponsorship rank. >> (Note that I have skipped the two or three Industry Groups in the Top 40 >> that are negative for the year.) I try to remove any stocks that are >being >> purchased from the list. The list is the top 100 (or so) stocks by score >> (in order, highest scores first). I monitor this list for technical >> signals to buy. This list represents strong stocks that you may want to >> watch, but they have not been reviewed for technical signals yet, so >PLEASE >> do your own DD before you buy. >> >> Personally, I've "tip-toed" back into the market a little the last few >> days. I am 33% invested at this point. Disclaimer: I own BBRC and MTSN >> (which just missed the list this week). >> >> QGENF >> TLGD >> TQNT >> PWAV >> QLGC >> SDLI >> DSPG >> ADCT >> PCCC >> TLCM >> AMCC >> CREE >> ALTR >> TECH >> PMCS >> PLMD >> FLEX >> LTRE >> TKLC >> BBRC >> TNL >> SMTC >> NT >> RMD >> IMPH >> NTAP >> PWER >> SNDK >> CDWC >> KING >> DY >> SCI >> PSEM >> XLTC >> CHP >> ELNT >> ERICY >> PLXT >> AMK >> KEI >> ANEN >> DRAM >> QCOM >> ADTN >> MCHP >> NEWP >> APH >> VOXX >> ADIC >> VTSS >> MCRL >> DFXI >> CMVT >> RFMD >> JBL >> WAT >> MXIM >> SILI >> NVLS >> DGX >> SUNW >> HH >> XLNX >> VSH >> ZOLL >> HC >> ASMI >> SFA >> AMKR >> NOK >> ELN >> SLR >> CTS >> ADI >> TER >> SAWS >> SBL >> ORBK >> AUDC >> AFCI >> ACTL >> VRI >> ESIO >> OCCF >> MIL >> ZOMX >> DIO >> GLW >> DITC >> SSTI >> MOLX >> DS >> PROX >> CGNX >> XETA >> AMAT >> MEAD >> STM >> EDMC >> CTV >> SANM >> >> >> >> - >> > >- > > > - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] The 8% Stop Date: 01 May 2000 18:39:59 -0700 As JJ Cramer has said, stocks worth owning don't trade in one point increments any more. They did when WON set the rules. I doubled my stop loss on CANSLIM buys to 15%. At 03:40 PM 5/1/00 -0400, you wrote: >Well, I don't really see why someone would try to make the percentage of >loss tolerance equal to the percentage of gain need to cover such losses. >Further, this is mathematically impossible. The percentage needed to cover a >specific loss is = Percentage lost / (1 - Percentage lost). From that >standpoint, I don't see much difference from a stop at 10% and one at 8%. >Obviously, the level of tolerance is chosen in a tradeoff between level of >risk tolerable and allowance for fluctuations and volatility. > > I wonder whether stop-loss rules of ~8% even have validity in these >markets, or to what degree they have validity. When these ideas were >formulated or when O'Neill employed such ideas, markets were less volatile. >What does one do now? Because of changes in volatility parameters, much one >assume more risk in order to "give stocks a chance?" Further, I wonder about >the use of closing day price stops, or "soft" stops. These, I would think, >fail to make use of one of the principles at the core hard stop-losses. That >is: absolutely limiting losses to a specific amount. On a contrary point, I >often see people falsely touting hard stop-losses as a "crash exposure >prevention technique." However, often times in extreme market turns, little >liquidity can be found in the other direction. That is, if there is a crash, >of historical proportions like many call for, it is doubtful there will be a >significant number of bids allowing people to exit with a 7-8% loss. Anyway, >what I wonder is: would evaluating stocks at the end of the day (if this can >be done unemotionally, which is hard to do) be as good as employing a "soft" >stop-loss? If someone were to perhaps specify other parameters (that are >preferably quantifiable), would this be sufficient protection. For example, >I am sure that many who use "soft" stop-losses also require that volume >parameters also be met. > >Don't misunderstand me though. While I am wondering about the validity of >stop-losses, I do not suggest NOT using them. I think key to anyone's >investment approach is some sort of risk mitigation and the peace of mind >that it will allow. What is the best way to accomplish this? I would be >curious as to what other people do to limit losses/risk. > >Regards >Matt > > > >----- Original Message ----- >From: Pritish Shah >To: >Sent: Monday, May 01, 2000 1:56 PM >Subject: Re: [CANSLIM] The 8% Stop > > > > > > Also the key thing that most people forgot to mention as to why 8% and why > > not anything else or why 10% and why not anything else. > > > > The reason is pretty simple. > > > > With a 10% loss, you need a 11% gain to make up for the loss > > With a 20% loss, you need 25% gain to make up > > With a 30% loss, you need 50% gain to make up > > With 40% loss, you need 66% gain to make up > > > > you get the picture? > > > > So the reason for the 7 to 8% loss is that you need 7 to 8% gain to offset > > the loss. > > > > Regards, > > Pritish > > > > On Sat, 29 Apr 2000, Earl Setser wrote: > > > > > Ah, history you seek (as Yoda would say). Here is the story from >HTMMIS: > > > > > > Limit Your Losses to 7% or 8% of Your Cost (paragraph I took this from) > > > > > > ... > > > "When the late Gerald M. Loeb of E.F. Hutton was writing his last book >on > > > the stock market, I had the pleasure of dicussig this issuei with him im >my > > > office. In his first work, "The Battle for Investment Survival", Loeb > > > advocated cutting all losses at 10%. I was curious and asked him if he > > > followed the 10% loss policy himself. He said "I would hope to be out >long > > > before they ever reach 10%." > > > > > > ... > > > > > > "To preserve your hard-earned money, I think 7% or 8% should be the >limit. > > > Your overall average of all losses should be less, prehaps 5% or 6%, if >you > > > are strict anf fast on your feet." > > > > > > So this is where the rule came from for us CANSLIM investors. > > > > > > > > > > > > At 01:56 PM 4/29/00 -0500, you wrote: > > > > > > > >----- Original Message ----- > > > >From: "Earl Setser" > > > >To: > > > >Sent: Saturday, April 29, 2000 1:07 PM > > > >Subject: Re: [CANSLIM] The 8% Stop > > > > > > > > > > > >> At 12:50 PM 4/29/00 -0500, you wrote: > > > >> >Hi guys, > > > >> >I was wondering where the almost-universal use of the 8% stop >originated. > > > >> >What is the theory/basis for this number? > > > >(SNIP) > > > > > > > >> WON says that rule number 1 is to limit your losses. He suggests >7-8% as > > > >> the maximum loss. > > > > > > > >Hi Earl, > > > >Thanks for your reply. I understand WON's recommendation, but I was > > > >wondering about its derivation. Nearly everyone uses it including >mutual > > > >fund folks, but I've never heard of the originator or how this >*particular* > > > >number was arrived at. Thanks again. > > > >Best wishes, > > > >Walt > > > > > > > >(Snip) > > > > > > > >> >The reason that I'm asking is that "buying the (10%) dip" is popular > > > >among > > > >> >certain market timers, and it seems to occur often enough that they >have > > > >> >incorporated it into their systems. > > > >> > > > >> Well, remember, the 7-8% is only based on your initial purchase. It >does > > > >> not apply to a trailing stop based on the stocks intraday or closing >high. > > > >> I believe 8% would be too tight for use in such approaches. > > > > > > > >> >Could there be a correlation between the sellers at about -8%, and >the > > > >> >(usual) buyers at about -10%? > > > >> >While very strong stocks may withstand a general market decline, > > > >otherwise > > > >> >"good" stocks may not fare so well. Can the 8% stop be justified in >light > > > >of > > > >> >the usual turn around just past 10%? > > > >> > > > >> I'm not sure there is any magic number, 8%, 10%, 15%?? I've seen >daily > > > >> volatility WAY over any of these during the last month. Personally, >I try > > > >> to use the closing price as my trigger point, and I don't set hard >stops > > > >or > > > >> react to intraday prices (for the most part). I do try to give my >stocks > > > >a > > > >> chance to recover from a late day dip if they are still close to >the -08% > > > >> point. This approach has kept me in some good stocks, and has >increased > > > >my > > > >> losses on some bad one. I'm not sure it's worked that well overall, >but I > > > >> haven't found anything I prefer as yet. > > > > > > > > > > > > > > > > > > > > > > > > > > > >- > > > > > > > > > > > > > > > > > > > > > - > > > > > > > > > > > > - > > > > >__________________________________________________ >Do You Yahoo!?? >Talk to your friends online with Yahoo! Messenger.. >http://im.yahoo.comm Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Earl Setser Subject: [CANSLIM] Leaders List Date: 01 May 2000 21:03:09 -0600 To Tom Gumpel, I was going to send you a copy of my spreadsheet for your perusal, but my message to you bounced. If you will send me a private email, I'll be happy to send you a copy. Earl esetser@csolutions.net - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The 8% Stop Date: 01 May 2000 23:11:32 -0400 Hi Matt, One clarification - neither a stop loss nor a stop limit will absolutely guarantee limiting your loss to a specific amount in the event of a gap down. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Monday, May 01, 2000 3:40 PM Further, I wonder about the use of closing day price stops, or "soft" stops. These, I would think, fail to make use of one of the principles at the core hard stop-losses. That is: absolutely limiting losses to a specific amount. - ------------------------------------------------------------------------------- From: Talib Hirji Subject: Re: [CANSLIM] Leaders List Date: 01 May 2000 20:25:19 -0700 Earl, It would be appreciated, if you could forward a copy of your spreadsheet to the undersigned as well, if it is not much for asking. Thank You, Talib hirji@worldnet.att.net At 09:03 PM 5/1/00 -0600, you wrote: >To Tom Gumpel, > >I was going to send you a copy of my spreadsheet for your perusal, but my >message to you bounced. If you will send me a private email, I'll be happy >to send you a copy. > >Earl >esetser@csolutions.net > > >- - ------------------------------------------------------------------------------- From: khalafalla mustafa Subject: [CANSLIM] how to participate in stock markets of USA Date: 02 May 2000 00:08:23 -0700 (PDT) I am a businessman from africa and I want to participate in share trading of US companies and I want help how can I find a reputable brokerage house to help me in entering stock market of US. You have to know that I WANT TO BEGIN FROM AS LITTLE AS 500 us dollars. thank you khalaf __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: "Matt Robinson" Subject: Re: [CANSLIM] The 8% Stop Date: 02 May 2000 07:33:41 -0400 Yea, that is what I meant to say................I thought: > >is: absolutely limiting losses to a specific amount. On a contrary point, I > >often see people falsely touting hard stop-losses as a "crash exposure > >prevention technique." However, often times in extreme market turns, little > >liquidity can be found in the other direction. That is, if there is a crash, > >of historical proportions like many call for, it is doubtful there will be a > >significant number of bids allowing people to exit with a 7-8% loss. ----- Original Message ----- Sent: Monday, May 01, 2000 11:11 PM > Hi Matt, > > One clarification - neither a stop loss nor a stop limit will > absolutely guarantee limiting your loss to a specific amount in > the event of a gap down. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > ----- Original Message ----- > From: Matt Robinson > To: > Sent: Monday, May 01, 2000 3:40 PM > Subject: Re: [CANSLIM] The 8% Stop > > > Further, I wonder about > the use of closing day price stops, or "soft" stops. These, I > would think, > fail to make use of one of the principles at the core hard > stop-losses. That > is: absolutely limiting losses to a specific amount. > > > - > __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: "Dwayne Andras" Subject: RE: [CANSLIM] Leaders List Date: 02 May 2000 06:33:30 -0500 I would love a copy also.. If I should be so bold.. Dwayne P. Andras DeeAndras@cajun.net -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Monday, May 01, 2000 10:03 PM To Tom Gumpel, I was going to send you a copy of my spreadsheet for your perusal, but my message to you bounced. If you will send me a private email, I'll be happy to send you a copy. Earl esetser@csolutions.net - - ------------------------------------------------------------------------------- From: sjs7b Subject: RE: [CANSLIM] Leaders List Date: 02 May 2000 07:32:54 -0400 Earl: I closely followed your leaders lists for March and April. I was looking a good pop for most of your picks yesterday. I congratulate you for a wonderful selection and please keep sharing with us in future. Surindra -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Monday, May 01, 2000 9:15 PM I'm glad you like the list. I try to post it about once per month to give people a shorter list to start with. I won't claim it's a perfect approach, but I have done better since I've concentrated on fewer candidates. I'm still playing around with my formula that combines the rankings, and how many Industry Groups to use, so it's always a work in progress. I hope to be able to accomplish the same task via DGO in the near future. - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Date: 02 May 2000 08:00:01 -0600 Everyone, There are times when you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ If you need some help doing this step, there are ftp instructions below. 2. Send mail to me directly at "owner-canslim@xmission.com" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://ftp.xmission.com/pub/users/m/mcjathan/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: ftp://ftp.xmission.com/pub/users/m/mcjathan/incoming/ 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - ------------------------------------------------------------------------------- From: Subject: [CANSLIM] ESIO Date: 02 May 2000 08:05:20 -0700 ESIO B/O on strong volume. ADV 500,000 today's volume already at 738,500. IBD #'s 81 95 ABA. I bought today at 68. Ziggy - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Re: How to trade american stocks Date: 02 May 2000 14:06:21 -0700 >>>I am a businessman from africa and I want to participate in share trading of US companies and I want help how can I find a reputable brokerage house to help me in entering stock market of US. You have to know that I WANT TO BEGIN FROM AS LITTLE AS 500 us dollars. thank you khalaf<<< Khalaf, try opening an account with one of the online discount brokers such as : E*TRADE, Datek, ScoTTrade, Suretrade, etc.. I think ameritrade lets you open an account with as little as $500. Also, Suretrade has NO MINIMUM as long as you deposit enough money to cover your purchases. Example websites: http://www.ameritrade.com http://www.etrade.com http://www.suretrade.com http://www.scottrade.com http://www.datek.com -Jim-- - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] I bought against my own wall of worry Date: 02 May 2000 14:39:44 -0700 Despite paranoia and no confirming volume [yet?] on the NAZ, I decided to RE-purchase DSPG (after cashing out at 72 3/4) while it dipped back under it's recent all time high (around 73 a few days ago). I got back in today [Tues.] at 65 7/8. I'm afraid the REAL [subconscious] reason I bought back in was an unhealthy addiction to price volatility. Anyone want to reassure me of this market again? :-o -Jim-- - ------------------------------------------------------------------------------- From: "Marc Laniado" Subject: [CANSLIM] NVLS Date: 02 May 2000 21:02:12 +0100 This stock is setting up a great cup and handle ready for a break out as it approaches its peak relative strength. It also has a great earnings outlook for next year. If thedownward leg on the NASDAQ is the last, look to this stock as a possible new leader Best of luck, Marc - ------------------------------------------------------------------------------- From: Werner Vandewiele Subject: [CANSLIM] 'M' Date: 02 May 2000 23:25:01 +0200 Game over... for now. Lots of breakouts dropping back in the base. The Naz went to the 4000 area. That was the upper down trendline. That is were we failed after several rally days on lighter and lighter volume. Bearmarket countertrend rally. One must be very swift nowadays. I'm cash. For all of those who aren't I hope I'm dead wrong. Positive is that we went down on volume lighter than yesterday. But it is the leaders that you need to look at also. They tell the story. Regards, <<< Werner Vandewiele >>> - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] M Date: 02 May 2000 14:55:14 -0700 Hmmm, seems some on this list are buying on a market distribution day. I as rule never do this if the trend is clearly down for the day. It has been negative since early AM. As for buying a failed breakout ala DSPG: Don't get emotionally involved with your stocks. I did this and wound up "rooting for" (read: averaging down on) DIS. That got me from a minor loss to a significant loss when they were torpedoed a couple years back. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Pritish Shah Subject: Re: [CANSLIM] M Date: 02 May 2000 16:21:33 -0700 (PDT) I agree that this was a distribution day because (like a reversal day) the volume picked up late in the session. In the last hour, it did something close to 400 mill shares on nasday. Regards, Pritish On Tue, 2 May 2000, Tim Fisher wrote: > Hmmm, seems some on this list are buying on a market distribution day. I > as rule never do this if the trend is clearly down for the day. It has > been negative since early AM. As for buying a failed breakout ala DSPG: > Don't get emotionally involved with your stocks. I did this and wound up > "rooting for" (read: averaging down on) DIS. That got me from a minor loss > to a significant loss when they were torpedoed a couple years back. > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] M Date: 02 May 2000 17:45:20 -0600 According to my numbers, today's Nasdaq volume was down just over 7% from yesterday. I don't see how today can be considered a distribution day with lower volume. From IBD's 25 week course, "In general, distribution is indicated by the index closing down or stalling on greater volume than the day before." Don't get me wrong, I am not pleased with today's action, and the inability of the Nasdaq to go up on at least average volume the last week or so is disturbing. I wonder if the volume peaks of March are a thing of the past, and 1.5 Billion or so is a bigger day than the numbers might indicate. I guess time will tell. I At 04:21 PM 5/2/00 -0700, you wrote: > > >I agree that this was a distribution day because (like a reversal day) the >volume picked up late in the session. > >In the last hour, it did something close to 400 mill shares on nasday. > >Regards, >Pritish > >On Tue, 2 May 2000, Tim Fisher wrote: > >> Hmmm, seems some on this list are buying on a market distribution day. I >> as rule never do this if the trend is clearly down for the day. It has >> been negative since early AM. As for buying a failed breakout ala DSPG: >> Don't get emotionally involved with your stocks. I did this and wound up >> "rooting for" (read: averaging down on) DIS. That got me from a minor loss >> to a significant loss when they were torpedoed a couple years back. >> >> Tim Fisher >> Ore-Rock-On and Pacific Fishery Biologists WWW Sites >> >> Tim@OreRockOn.com >> WWW: http://OreRockOn.com >> See naked fish and rocks! >> >> >> - >> >> > > >- > > > - ------------------------------------------------------------------------------- From: Pritish Shah Subject: Re: [CANSLIM] M Date: 02 May 2000 16:53:00 -0700 (PDT) Earl, You are right that today's volume was down. I was checking the volume the whole day and until 3pm, it had done something close to 1bill shares and 40 or so point loss. The *kicker* is that in the last two hours or so, it did around 600 mill shares and went down from -40 to -180. So the last two hours were distribution hours. This indicates that the downward trend will probably continue tomorrow. The idea of distribution day is to help you make decisions to either stay/get in or stay/get out of the market. Clearly, today it said stay/get out. :) Regards, Shah On Tue, 2 May 2000, Earl Setser wrote: > According to my numbers, today's Nasdaq volume was down just over 7% from > yesterday. I don't see how today can be considered a distribution day with > lower volume. From IBD's 25 week course, "In general, distribution is > indicated by the index closing down or stalling on greater volume than the > day before." > > Don't get me wrong, I am not pleased with today's action, and the inability > of the Nasdaq to go up on at least average volume the last week or so is > disturbing. I wonder if the volume peaks of March are a thing of the past, > and 1.5 Billion or so is a bigger day than the numbers might indicate. I > guess time will tell. > > I > > At 04:21 PM 5/2/00 -0700, you wrote: > > > > > >I agree that this was a distribution day because (like a reversal day) the > >volume picked up late in the session. > > > >In the last hour, it did something close to 400 mill shares on nasday. > > > >Regards, > >Pritish > > > >On Tue, 2 May 2000, Tim Fisher wrote: > > > >> Hmmm, seems some on this list are buying on a market distribution day. I > >> as rule never do this if the trend is clearly down for the day. It has > >> been negative since early AM. As for buying a failed breakout ala DSPG: > >> Don't get emotionally involved with your stocks. I did this and wound up > >> "rooting for" (read: averaging down on) DIS. That got me from a minor loss > >> to a significant loss when they were torpedoed a couple years back. > >> > >> Tim Fisher > >> Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >> > >> Tim@OreRockOn.com > >> WWW: http://OreRockOn.com > >> See naked fish and rocks! > >> > >> > >> - > >> > >> > > > > > >- > > > > > > > > > - > > - ------------------------------------------------------------------------------- From: "John Adair" Subject: RE: [CANSLIM] how to participate in stock markets of USA Date: 02 May 2000 20:22:55 -0500 Don't even think about it. Your $500 would be gone in a flash. Try a good mutual fund Until you get the feel of the market. You shouldent start investing in stocks until you have $50,000 to spare. If you start in a good mutual fund such as one of the pbhg funds or strong funds. I personally have a large investment in the pbhg technology and communication fund. It is now at a good low and if anything goed up i believe it will. good luck -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of khalafalla mustafa Sent: Tuesday, May 02, 2000 2:08 AM I am a businessman from africa and I want to participate in share trading of US companies and I want help how can I find a reputable brokerage house to help me in entering stock market of US. You have to know that I WANT TO BEGIN FROM AS LITTLE AS 500 us dollars. thank you khalaf __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] M Date: 02 May 2000 22:16:29 -0400 From my perspective of sitting behind a significant trading room, the biggest decline in activity I have seen is in equities (stocks, that is, we also do substantial fixed income activity). Of the equity trading, the most significant drop I have seen is from the accts doing speculative or day trading. Overall volume is down, but the volume from accts I view as long term investors is up on a purely subjective basis. Over the past two years, I have seen a number of accts that were primarily or exclusively fixed income sell some of their bond portfolio and buy stocks. In the past several months, I have seen little evidence that they are returning to bonds. So I would agree that the nearly 2 billion share days we were seeing on Naz, and 1 billion + on NYSE, may not be considered normal going forward, even tho they happened enough in the past several months as to seem normal. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 02, 2000 7:45 PM According to my numbers, today's Nasdaq volume was down just over 7% from yesterday. I don't see how today can be considered a distribution day with lower volume. From IBD's 25 week course, "In general, distribution is indicated by the index closing down or stalling on greater volume than the day before." Don't get me wrong, I am not pleased with today's action, and the inability of the Nasdaq to go up on at least average volume the last week or so is disturbing. I wonder if the volume peaks of March are a thing of the past, and 1.5 Billion or so is a bigger day than the numbers might indicate. I guess time will tell. I At 04:21 PM 5/2/00 -0700, you wrote: > > >I agree that this was a distribution day because (like a reversal day) the >volume picked up late in the session. > >In the last hour, it did something close to 400 mill shares on nasday. > >Regards, >Pritish > >On Tue, 2 May 2000, Tim Fisher wrote: > >> Hmmm, seems some on this list are buying on a market distribution day. I >> as rule never do this if the trend is clearly down for the day. It has >> been negative since early AM. As for buying a failed breakout ala DSPG: >> Don't get emotionally involved with your stocks. I did this and wound up >> "rooting for" (read: averaging down on) DIS. That got me from a minor loss >> to a significant loss when they were torpedoed a couple years back. >> >> Tim Fisher >> Ore-Rock-On and Pacific Fishery Biologists WWW Sites >> >> Tim@OreRockOn.com >> WWW: http://OreRockOn.com >> See naked fish and rocks! >> >> >> - >> >> > > >- > > > - - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] I bought against my own wall of worry Date: 02 May 2000 19:35:08 -0700 Well...? In todays Investors Corner of IBD their is a very timely article titled, "Don't Let Your Emotions Rule You In Weak Market". (g) -Bill ----- Original Message ----- Sent: Tuesday, May 02, 2000 2:39 PM > Despite paranoia and no confirming volume [yet?] on the NAZ, I decided to > RE-purchase DSPG (after cashing out at 72 3/4) while it dipped back under it's > recent all time high (around 73 a few days ago). I got back in today [Tues.] at > 65 7/8. I'm afraid the REAL [subconscious] reason I bought back in was an > unhealthy addiction to price volatility. > > Anyone want to reassure me of this market again? :-o > > -Jim-- > > > - > > - ------------------------------------------------------------------------------- From: "John Scarborough" Subject: [CANSLIM] How to participate in stock markets of USA Date: 03 May 2000 12:10:44 +0900 Mr. Mustafa the cheapest place i know to get started with little money (as little as 20 dollars ) is through BuyandHold.com. Trades are vey cheap, about 2 or 3 dollars. It is not a CANSLIM type of strategy, but it will get you in and there are many good drips and dsps you can pick up. They of course recommend a buy and hold strategy, but there is really nothing to prevent you selling your stocks at anytime according to their schedule. They place buy and sell orders only twice a day 10:30 and 2:30, you have to place your order either the day before for a morning trade, or the in the morning of the same day for an afternoon trade. Only one thing might be a problem and that is- on the application form they ask for social security and US address, so it may only be for USA citizens. You might try writing directly to find out more. I'd be inetersted in what other members of this board think of _BuyandHold.com as well. Has anyone tried them and what do you think of DRIPS and DSPS. (i`m anew member too) thanks Jokos >From: khalafalla mustafa >Subject: [CANSLIM] how to participate in stock >markets of USA > I am a businessman from africa and I want to >participate in share trading of US companies >and I want help how can I find a reputable >brokerage house to help me in entering stock >market of US. >You have to know that I WANT TO BEGIN FROM >AS LITTLE AS 500 us dollars. >thank you >khalaf - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ESIO Date: 02 May 2000 23:34:56 -0400 Hi Ziggy, Of course, it's easy to prognosticate after mkt close, but the lack of significant price movement on over 3X ADV doesn't look like a b/o, rather a failed attempt at a b/o. I don't know that I would have disagreed with your decision when you made it, other than from an "M" standpoint. In this environment, I prefer to buy at the bottom of the base rather than the top. May mean a loss of use of capital in the meanwhile, but less likely to see an 8% loss stop you out. And this is still a very volatile market. On this one, I also don't like the lack of management commitment (6% ownership of the float) nor the funds presence in the float (43% already). Doesn't leave much room for fresh buying after you get in. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 02, 2000 11:05 AM ESIO B/O on strong volume. ADV 500,000 today's volume already at 738,500. IBD #'s 81 95 ABA. I bought today at 68. Ziggy - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NVLS Date: 02 May 2000 23:39:07 -0400 I would agree, Marc, worth watching for a further formation of the handle. What I note that I don't like is again the lack of management commitment (3% ownership of the issue) and high funds ownership (34%) at least as of the last quarterly report. ROE is only 13%, but it does rate straight "A"s. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 02, 2000 4:02 PM This stock is setting up a great cup and handle ready for a break out as it approaches its peak relative strength. It also has a great earnings outlook for next year. If thedownward leg on the NASDAQ is the last, look to this stock as a possible new leader Best of luck, Marc - - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] ESIO Date: 02 May 2000 21:50:43 -0600 FWIW, this stock DID look very strong and was above 5% over the pivot most of the day. It was only the action the last hour or so that brought the stock back down. I think the stock reacted pretty well, considering. However, given the overall market action, maybe today wasn't the best day to be buying anything!! At 11:34 PM 5/2/00 -0400, you wrote: >Hi Ziggy, > >Of course, it's easy to prognosticate after mkt close, but the >lack of significant price movement on over 3X ADV doesn't look >like a b/o, rather a failed attempt at a b/o. I don't know that I >would have disagreed with your decision when you made it, other >than from an "M" standpoint. In this environment, I prefer to buy >at the bottom of the base rather than the top. May mean a loss of >use of capital in the meanwhile, but less likely to see an 8% >loss stop you out. And this is still a very volatile market. > >On this one, I also don't like the lack of management commitment >(6% ownership of the float) nor the funds presence in the float >(43% already). Doesn't leave much room for fresh buying after you >get in. > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >----- Original Message ----- >From: >To: canslim list >Sent: Tuesday, May 02, 2000 11:05 AM >Subject: [CANSLIM] ESIO > > >ESIO B/O on strong volume. > >ADV 500,000 today's volume already at 738,500. > >IBD #'s 81 95 ABA. > >I bought today at 68. > >Ziggy > > >- > > > >- > > > - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: RE: [CANSLIM] how to participate in stock markets of USA Date: 02 May 2000 22:28:49 -0600 Don't agree with the $50k at all, you can begin with much much less. I do agree that there is a learning tuition to be paid, but I think even a few thousand is enough to start dabbling in stocks, hopefully a person is willing to learn sound methods and not trying to invest based on tips and hunches and so on, and I think you can get up to speed fairly quickly. On 2 May 00, at 20:22, John Adair wrote: > Don't even think about it. Your $500 would be gone in a flash. Try a good > mutual fund Until you get the feel of the market. You shouldent start > investing in stocks until you have $50,000 to spare. If you start in a > good mutual fund such as one of the pbhg funds or strong funds. I > personally have a large investment in the pbhg technology and communication > fund. It is now at a good low and if anything goed up i believe it will. > good luck > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of khalafalla mustafa > Sent: Tuesday, May 02, 2000 2:08 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] how to participate in stock markets of USA > > > > I am a businessman from africa and I want to > participate in share trading of US companies > and I want help how can I find a reputable > brokerage house to help me in entering stock market > of US. > You have to know that I WANT TO BEGIN FROM AS LITTLE > AS > 500 us dollars. > thank you > khalaf > > __________________________________________________ > Do You Yahoo!? > Send instant messages & get email alerts with Yahoo! Messenger. > http://im.yahoo.com/ > > - > > > > - > - ------------------------------------------------------------------------------- From: Alexander T Subject: [CANSLIM] NVLS Date: 02 May 2000 17:31:12 -0400 (EDT) Can someone confirm this? The data I have on NVLS is this: Years: 1999, 98, 97, 96 EPS 0.64 0.50 (0.96) 0.95 ROE 10 14 N/E 25.2 ROA 8.4 9.6 (19.4) 20.4 So, looking at these figures, we actually see that return on equity and assets is actually decreasing (from 98 to 99). As for EPS, even though 98 - 99 EPS is up, it's still nowhere the level of 1996. I believe WON mentions that one year spike down in EPS is ok, as long as next year earnings recover and beat the levels set a year before the spike. NVLS - Industry seems to be one of the leading ones in this market, and technicals look good as well. So based on this, does anyone agree/disagree with my analysis and conclusion that based on fundamentals this is not 100% canslim ? I hope I had fundamnetal figures right. Thanks ! ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - ------------------------------------------------------------------------------- From: Earl Setser Subject: [CANSLIM] Leaders List Spreadsheet Date: 03 May 2000 07:02:45 -0600 I had several requests for the spreadsheet I use to generate my leaders list. I didn't expect that amount of interest!! Thanks for the compliments and I'm glad several of you find it useful. I have decided to go ahead and post the file on the CANSLIM FTP site. You can get the file at: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls The following notes are what I originally wrote to one person, now modified for a broader audience. This describes the spreadsheet and how I generate it. The spreadsheet is a compilation of CANSLIM data on various stocks. I get the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for rankings of A-E. The Quant formulas are an attempt to combine all of the rankings into a single ranking that will highlight the strongest stocks. I don't (generally) post my spreadsheet publicly. It is generally a work in progress, and I also have a bunch of other worksheets included like my CANSLIM performance, other investments, etc. I went ahead and deleted the rest of the worksheets so you guys could get a copy and see what I'm doing. I update the worksheet on most weekends, and try to make sure all of the data is no more than one month old. This last weekend, I updated all of the EPS/RPS/SMR/Acc numbers since it's earnings season. The file I've uploaded is in a different order than the original list. After I generate the list, I do my own technical scan of each of the stocks. The "Technical Chart Status" column is my notes as of this last weekend. Then I re-sort the top 100 to put the longest bases on top, recent breakouts next, shorter bases in the middle, and stocks without bases at the bottom. This gives me a watch list for the week. I have bolded some stocks. These are stocks that are closest to breakouts and warrant closer watching. I try to review these several times during the day. (Note that some stocks show well on the list, but I really don't care for the chart or something else about the stock. SMTC is an example of one that I probably won't buy.) Note that I have 2 quant formulas I'm evaluating. Both formulas combine EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old Quant" also gives credit for IGP rank (#1 gets more points than #2), while the new one "New Quant" doesn't. I'm leaning towards sticking with the new formula, but only using the top 20 industry groups. Trying to keep this somewhat up-to-date has been quite a challenge. I'm probably going to subscribe to DGO hoping I can accomplish this without much or all of the work, sometime in the near future. I'm also very interested in what on-line screening tools IBD is adding to their website. I may wait on DGO until it becomes clear what capabilities they are really going to offer (in "early" summer). Enjoy. - ------------------------------------------------------------------------------- From: "james sullivan" Subject: Re: [CANSLIM] NVLS Date: 03 May 2000 06:56:27 -0400 -----Original Message----- >Can someone confirm this? >The data I have on NVLS is this: > >Years: 1999, 98, 97, 96 > >EPS >0.64 0.50 (0.96) 0.95 I saw the same EPS at Market Guide, but I didn't find the ROE and ROA (and I have to get to work) >NVLS - Industry seems to be one of the leading ones in this market, and >technicals look good as well. A common thread in most of many current tech stories are chips. At Quicken.com, the Semiconductor Equip/Matrl group's leaders (market cap in 000's) are : APPLIED MATERIALS INC AMAT $74,302,126 TERADYNE INC TER $18,619,200 KLA-TENCOR CORP KLAC $12,611,162 NOVELLUS SYSTEMS INC NVLS $8,380,330 >So based on this, does anyone agree/disagree with my analysis and conclusion >that based on fundamentals this is not 100% canslim ? I hope I had >fundamnetal figures right. Alexander, I agree with you that NVLS is not 100% CANSLIM, but with that said, please note that I bought this company on Monday...I like the industry and I like NVLS's strength shown in it's chart. Note that I also bought SEBL, EMC, and INTC yesterday. CANSLIM?? not exactly ;^) Good luck trading!!! - ------------------------------------------------------------------------------- From: "Matt Robinson" Subject: Re: [CANSLIM] NVLS Date: 03 May 2000 09:05:05 -0400 Earnings By Quarter 94 95 96 97 98 99 00 Mar .08 .16 .26 .15 .20 .08 .45 Jun .10 .19 .27 .17 .15 .10 Sep .13 .21 .26 .19 .07 .18 Dec .15 .24 .17 .21 .08 .27 Year .45 .80 .95 .72 .50 .64 Rev 461.7 534 518.8 592.7 274.1 (Q1) These are the numbers I found ----- Original Message ----- Sent: Tuesday, May 02, 2000 5:31 PM > Can someone confirm this? > The data I have on NVLS is this: > > Years: 1999, 98, 97, 96 > > EPS > 0.64 0.50 (0.96) 0.95 > > ROE > 10 14 N/E 25.2 > > ROA > 8.4 9.6 (19.4) 20.4 > > So, looking at these figures, we actually see that return on equity and > assets is actually decreasing (from 98 to 99). As for EPS, even though 98 - > 99 EPS is up, it's still nowhere the level of 1996. > > I believe WON mentions that one year spike down in EPS is ok, as long as > next year earnings recover and beat the levels set a year before the spike. > > NVLS - Industry seems to be one of the leading ones in this market, and > technicals look good as well. > > So based on this, does anyone agree/disagree with my analysis and conclusion > that based on fundamentals this is not 100% canslim ? I hope I had > fundamnetal figures right. > > Thanks ! > > ______________________________________________ > FREE Personalized Email at Mail.com > Sign up at http://www.mail.com/?sr=signup > > - > __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... Date: 03 May 2000 08:00:01 -0600 From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: http://www.xmission.com/~mcjathan/cgi/lwgate.cgi/CANSLIM/ You can do simple key-word searches on the archive by going to: http://www.xmission.com/~mcjathan/canslim/search.html 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. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 03 May 2000 10:27:52 -0400 Earl, thank you. Anna Earl Setser on 05/03/2000 09:02:45 AM Please respond to canslim@lists.xmission.com cc: I had several requests for the spreadsheet I use to generate my leaders list. I didn't expect that amount of interest!! Thanks for the compliments and I'm glad several of you find it useful. I have decided to go ahead and post the file on the CANSLIM FTP site. You can get the file at: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls The following notes are what I originally wrote to one person, now modified for a broader audience. This describes the spreadsheet and how I generate it. The spreadsheet is a compilation of CANSLIM data on various stocks. I get the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for rankings of A-E. The Quant formulas are an attempt to combine all of the rankings into a single ranking that will highlight the strongest stocks. I don't (generally) post my spreadsheet publicly. It is generally a work in progress, and I also have a bunch of other worksheets included like my CANSLIM performance, other investments, etc. I went ahead and deleted the rest of the worksheets so you guys could get a copy and see what I'm doing. I update the worksheet on most weekends, and try to make sure all of the data is no more than one month old. This last weekend, I updated all of the EPS/RPS/SMR/Acc numbers since it's earnings season. The file I've uploaded is in a different order than the original list. After I generate the list, I do my own technical scan of each of the stocks. The "Technical Chart Status" column is my notes as of this last weekend. Then I re-sort the top 100 to put the longest bases on top, recent breakouts next, shorter bases in the middle, and stocks without bases at the bottom. This gives me a watch list for the week. I have bolded some stocks. These are stocks that are closest to breakouts and warrant closer watching. I try to review these several times during the day. (Note that some stocks show well on the list, but I really don't care for the chart or something else about the stock. SMTC is an example of one that I probably won't buy.) Note that I have 2 quant formulas I'm evaluating. Both formulas combine EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old Quant" also gives credit for IGP rank (#1 gets more points than #2), while the new one "New Quant" doesn't. I'm leaning towards sticking with the new formula, but only using the top 20 industry groups. Trying to keep this somewhat up-to-date has been quite a challenge. I'm probably going to subscribe to DGO hoping I can accomplish this without much or all of the work, sometime in the near future. I'm also very interested in what on-line screening tools IBD is adding to their website. I may wait on DGO until it becomes clear what capabilities they are really going to offer (in "early" summer). Enjoy. - - ------------------------------------------------------------------------------- From: Carter Diggs Subject: [CANSLIM] Definition of base and pivot point Date: 03 May 2000 17:19:16 -0400 Hello folks I was looking at QCOM and trying to decide where a (future) pivot point might be, assuming it's forming the right side of a cup. Will the pivot point be at the level of the January blowout peak or the late March peak? Or would you wait and see if it meets resistance at the late March peak or goes on through it? Still trying to learn. Carter - ------------------------------------------------------------------------------- From: Pritish Shah Subject: Re: [CANSLIM] Definition of base and pivot point Date: 03 May 2000 14:23:50 -0700 (PDT) This is a non-canslim stock at the moment since there is no base here. There was a base but that broke down and the stock is in a downward trend. Lower highs and lower lows is considered a downward trend. Hope that makes sense Pritish On Wed, 3 May 2000, Carter Diggs wrote: > Hello folks > > I was looking at QCOM and trying to decide where a (future) pivot point > might be, assuming it's forming the right side of a cup. Will the pivot > point be at the level of the January blowout peak or the late March > peak? Or would you wait and see if it meets resistance at the late March > peak or goes on through it? > > Still trying to learn. > > Carter > > > - > > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Definition of base and pivot point Date: 03 May 2000 14:38:34 -0700 IMHO QCOM cannot form a C&H since it is more than 30% below the high and therefore by definition has dropped too far to make a C&H according to HTMMIS. On 02:19 PM 5/3/00, Carter Diggs Said: >Hello folks > >I was looking at QCOM and trying to decide where a (future) pivot point >might be, assuming it's forming the right side of a cup. Will the pivot >point be at the level of the January blowout peak or the late March >peak? Or would you wait and see if it meets resistance at the late March >peak or goes on through it? > >Still trying to learn. > >Carter Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Definition of base and pivot point Date: 03 May 2000 18:42:10 -0600 I think it makes sense to look a QCOM from the longer term perspective. >From my perspective, it reached a high on 1/3/00 and has been in a downtrend ever since. I actually bought it during the late March activity that looked to be a breakout from its base, but it has clearly failed this breakout, and I got chased out of it soon after my purchase. I don't think the action of the last week or so has been significant enough to signal the start of the right side of the cup, when viewed from a 4 month perspective. And remember, you want any handle to form above the mid-point of the cup. I make the midpoint of the cup at 138.3, so QCOM has a long way to go before reaching that level. I suggest patience on this one. At 05:19 PM 5/3/00 -0400, you wrote: >Hello folks > >I was looking at QCOM and trying to decide where a (future) pivot point >might be, assuming it's forming the right side of a cup. Will the pivot >point be at the level of the January blowout peak or the late March >peak? Or would you wait and see if it meets resistance at the late March >peak or goes on through it? > >Still trying to learn. > >Carter > > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Definition of base and pivot point Date: 03 May 2000 18:47:51 -0600 WON was giving generalizations in this case. A little later, he says, "Coming out of a major bear market, some patterns that have decreased 50% to 60% or more can succeed. The percent decline is, in these cases, a function of the severity of the bear market and the extent of the stock's prior price runup." I believe QCOM was down about 46% on a closing basis at it's worst. I believe that it fits well into WON's description given the extreme run-up it had last year and the very strong downward pressure by the NASDAQ over the last 6 weeks or so. At 02:38 PM 5/3/00 -0700, you wrote: >IMHO QCOM cannot form a C&H since it is more than 30% below the high and >therefore by definition has dropped too far to make a C&H according to HTMMIS. > >On 02:19 PM 5/3/00, Carter Diggs Said: >>Hello folks >> >>I was looking at QCOM and trying to decide where a (future) pivot point >>might be, assuming it's forming the right side of a cup. Will the pivot >>point be at the level of the January blowout peak or the late March >>peak? Or would you wait and see if it meets resistance at the late March >>peak or goes on through it? >> >>Still trying to learn. >> >>Carter > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: [CANSLIM] M Date: 03 May 2000 18:51:43 -0600 Well, another day, another dollar (gone). Today looks like a distribution day on the Nasdaq, so I feel this is a very bad sign. Based on the weakness on volume late yesterday, and further weakness today, I took a small profit on my two positions, and went back to 100% cash. Where is everyone else at this point? It seems we have quite a difference of % invested at this point. I find it interesting that IBD is so very cautious while Marder seems to be jumping back in! I think I'll go with IBD for this one. Oh well, like I love to say, "Easy come, Easier Go!" Good luck all. - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Definition of base and pivot point - QCOM Date: 03 May 2000 21:48:26 -0400 Carter, Like several other members, I would question the assumption that QCOM might be forming a c&h. Might be, but definitely too early to draw that assumption. If viewed more as a funnel, where its latest correction is more a function of market volatility than the stock's performance qualities, then I would use the March peak as the pivot, but only for short term trading mentality. I would watch for resistance to be met at higher levels, and assess how it performs then in terms of both volume and price appreciation on volume (as well as price declines on volume). Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Wednesday, May 03, 2000 5:19 PM Hello folks I was looking at QCOM and trying to decide where a (future) pivot point might be, assuming it's forming the right side of a cup. Will the pivot point be at the level of the January blowout peak or the late March peak? Or would you wait and see if it meets resistance at the late March peak or goes on through it? Still trying to learn. Carter - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] For the member looking to open a $500 account Date: 03 May 2000 21:50:49 -0400 From The Motley Fool site: Information fuels great decisions. Your fuel: Open an Ameritrade account with a $500 min. bal. during their 25th anniversary celebration. Get started. http://www.ameritrade.com/o.cgi?a=xbx&o=rgd&p=/html/r.fhtml ************************************************************ Disclosure: I have never used Ameritrade, so have no idea how good, or bad, they are as an online firm. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: SKutney@aol.com Subject: [CANSLIM] NVLS Date: 03 May 2000 22:50:07 EDT This stock also has caught my attention. In IBD they post the earnings reports when they come out. NVLS earnings and sales were up a significant amount. In IBD the EPS rank is 80. I don't have issues that far back. How long does it take for an earnings report to be reflected in the EPS rank? Steve Kutney - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NVLS Date: 03 May 2000 23:15:40 -0400 DGO reflects the earnings affect the same day as they are posted, and DGO currently shows EPS 80, so I would assume that this number already reflects this latest report. Worth noting that the latest quarter not only shows an increasing rate of growth in EPS, but as well in sales. bodes well for the next quarter, and future quarters. This pattern has held now for three consecutive quarters. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Wednesday, May 03, 2000 10:50 PM This stock also has caught my attention. In IBD they post the earnings reports when they come out. NVLS earnings and sales were up a significant amount. In IBD the EPS rank is 80. I don't have issues that far back. How long does it take for an earnings report to be reflected in the EPS rank? Steve Kutney - - ------------------------------------------------------------------------------- From: "Dave Massaglia" Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 03 May 2000 20:57:58 PDT Earl, Thanks so much for the spreadsheets. Obviously you're busting your butt putting this information together. I am relatively new to investing and new to CANSLIM. I've been reading these posts for about a month and have read HTMMIS. I have found several members talking about DGO. Can you tell me what the site is? I am under the impression that it is similar to stocktables.com and would like to have a site available that sorts data like IBD. In addition, I was attempting to analyze the numbers in your spreadsheet and would like clarification on a couple items. What is the significance of the pivot, 5% and 20% down numbers? Is the pivot point a point of resistance to watch for? Thanks, Earl, I wish I had found this group before I invested some cash in April....I'm down 35% since mid March ...all tech stocks... I think you said you were 100% cash, but I'm holding, hoping for a rebound this fall... Dave Massaglia > >I had several requests for the spreadsheet I use to generate my leaders >list. I didn't expect that amount of interest!! Thanks for the >compliments and I'm glad several of you find it useful. I have decided to >go ahead and post the file on the CANSLIM FTP site. You can get the file >at: > >ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls > >The following notes are what I originally wrote to one person, now modified >for a broader audience. This describes the spreadsheet and how I generate >it. > >The spreadsheet is a compilation of CANSLIM data on various stocks. I get >the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >rankings of A-E. The Quant formulas are an attempt to combine all of the >rankings into a single ranking that will highlight the strongest stocks. > >I don't (generally) post my spreadsheet publicly. It is generally a work >in progress, and I also have a bunch of other worksheets included like my >CANSLIM performance, other investments, etc. I went ahead and deleted the >rest of the worksheets so you guys could get a copy and see what I'm doing. > I update the worksheet on most weekends, and try to make sure all of the >data is no more than one month old. This last weekend, I updated all of >the EPS/RPS/SMR/Acc numbers since it's earnings season. > >The file I've uploaded is in a different order than the original list. >After I generate the list, I do my own technical scan of each of the >stocks. The "Technical Chart Status" column is my notes as of this last >weekend. Then I re-sort the top 100 to put the longest bases on top, >recent breakouts next, shorter bases in the middle, and stocks without >bases at the bottom. This gives me a watch list for the week. I have >bolded some stocks. These are stocks that are closest to breakouts and >warrant closer watching. I try to review these several times during the >day. (Note that some stocks show well on the list, but I really don't care >for the chart or something else about the stock. SMTC is an example of one >that I probably won't buy.) > >Note that I have 2 quant formulas I'm evaluating. Both formulas combine >EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old >Quant" also gives credit for IGP rank (#1 gets more points than #2), while >the new one "New Quant" doesn't. I'm leaning towards sticking with the new >formula, but only using the top 20 industry groups. > >Trying to keep this somewhat up-to-date has been quite a challenge. I'm >probably going to subscribe to DGO hoping I can accomplish this without >much or all of the work, sometime in the near future. I'm also very >interested in what on-line screening tools IBD is adding to their website. >I may wait on DGO until it becomes clear what capabilities they are really >going to offer (in "early" summer). > >Enjoy. > > > >- > ________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 04 May 2000 00:20:48 -0400 Hi Dave, Welcome to the CANSLIM group, sorry about the loss, and you may want to go back and review HTMMIS on holding positions at a major loss. If this market stabilizes, and turns north, you don't want to have your capital tied up in losing positions unless they show signs of leadership. DGO is shorthand for Daily Graphs Online, the online version of the Daily Graphs books, both like IBD are Wm O'Neil products. It is a subscription service, expensive if you are used to getting everything free on the net, but provides genuine WON type CANSLIM data on a daily updated basis. Home page is http://www.dailygraphs.com/home.htm Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Wednesday, May 03, 2000 11:57 PM Earl, Thanks so much for the spreadsheets. Obviously you're busting your butt putting this information together. I am relatively new to investing and new to CANSLIM. I've been reading these posts for about a month and have read HTMMIS. I have found several members talking about DGO. Can you tell me what the site is? I am under the impression that it is similar to stocktables.com and would like to have a site available that sorts data like IBD. In addition, I was attempting to analyze the numbers in your spreadsheet and would like clarification on a couple items. What is the significance of the pivot, 5% and 20% down numbers? Is the pivot point a point of resistance to watch for? Thanks, Earl, I wish I had found this group before I invested some cash in April....I'm down 35% since mid March ...all tech stocks... I think you said you were 100% cash, but I'm holding, hoping for a rebound this fall... Dave Massaglia > >I had several requests for the spreadsheet I use to generate my leaders >list. I didn't expect that amount of interest!! Thanks for the >compliments and I'm glad several of you find it useful. I have decided to >go ahead and post the file on the CANSLIM FTP site. You can get the file >at: > >ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data .xls > >The following notes are what I originally wrote to one person, now modified >for a broader audience. This describes the spreadsheet and how I generate >it. > >The spreadsheet is a compilation of CANSLIM data on various stocks. I get >the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >rankings of A-E. The Quant formulas are an attempt to combine all of the >rankings into a single ranking that will highlight the strongest stocks. > >I don't (generally) post my spreadsheet publicly. It is generally a work >in progress, and I also have a bunch of other worksheets included like my >CANSLIM performance, other investments, etc. I went ahead and deleted the >rest of the worksheets so you guys could get a copy and see what I'm doing. > I update the worksheet on most weekends, and try to make sure all of the >data is no more than one month old. This last weekend, I updated all of >the EPS/RPS/SMR/Acc numbers since it's earnings season. > >The file I've uploaded is in a different order than the original list. >After I generate the list, I do my own technical scan of each of the >stocks. The "Technical Chart Status" column is my notes as of this last >weekend. Then I re-sort the top 100 to put the longest bases on top, >recent breakouts next, shorter bases in the middle, and stocks without >bases at the bottom. This gives me a watch list for the week. I have >bolded some stocks. These are stocks that are closest to breakouts and >warrant closer watching. I try to review these several times during the >day. (Note that some stocks show well on the list, but I really don't care >for the chart or something else about the stock. SMTC is an example of one >that I probably won't buy.) > >Note that I have 2 quant formulas I'm evaluating. Both formulas combine >EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old >Quant" also gives credit for IGP rank (#1 gets more points than #2), while >the new one "New Quant" doesn't. I'm leaning towards sticking with the new >formula, but only using the top 20 industry groups. > >Trying to keep this somewhat up-to-date has been quite a challenge. I'm >probably going to subscribe to DGO hoping I can accomplish this without >much or all of the work, sometime in the near future. I'm also very >interested in what on-line screening tools IBD is adding to their website. >I may wait on DGO until it becomes clear what capabilities they are really >going to offer (in "early" summer). > >Enjoy. > > > >- > _________________________________________________________________ _______ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com - - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] M Date: 03 May 2000 21:30:04 -0700 Earl, Still in cash here. I started to think there might be a short term rally brewing this week but have dropped that idea. Things could change quickly but given the still very bullish sentiment, I have my doubts about anything lasting. Given the nice gains I made from Oct 99 through March, I still feel just fine with cash. Nothing wrong with preservation of capital! : ) - Bill ----- Original Message ----- Sent: Wednesday, May 03, 2000 5:51 PM > Well, another day, another dollar (gone). Today looks like a distribution > day on the Nasdaq, so I feel this is a very bad sign. Based on the > weakness on volume late yesterday, and further weakness today, I took a > small profit on my two positions, and went back to 100% cash. Where is > everyone else at this point? It seems we have quite a difference of % > invested at this point. > > I find it interesting that IBD is so very cautious while Marder seems to be > jumping back in! I think I'll go with IBD for this one. Oh well, like I > love to say, "Easy come, Easier Go!" Good luck all. > > > - > > - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 03 May 2000 22:40:55 -0600 On 3 May 00, at 20:57, Dave Massaglia wrote: > Thanks, Earl, I wish I had found this group before I invested some cash in > April....I'm down 35% since mid March ...all tech stocks... > > I think you said you were 100% cash, but I'm holding, hoping for a rebound > this fall... Like Tom said, that ain't CANSLIM. You need to adjust your thinking in all things, not just some of the stuff that is easy while skipping the stuff that may not be so easy, like pruning those stocks that are down. - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Definition of base and pivot point Date: 04 May 2000 08:20:54 -0700 I disagree, since there was no reduction of volume along the base, and that base (at a support of about 92) still isn't long enough (looking for 6 weeks or so). ----- Original Message ----- Sent: Wednesday, May 03, 2000 5:47 PM > WON was giving generalizations in this case. A little later, he says, > "Coming out of a major bear market, some patterns that have decreased 50% > to 60% or more can succeed. The percent decline is, in these cases, a > function of the severity of the bear market and the extent of the stock's > prior price runup." > > I believe QCOM was down about 46% on a closing basis at it's worst. I > believe that it fits well into WON's description given the extreme run-up > it had last year and the very strong downward pressure by the NASDAQ over > the last 6 weeks or so. > > > At 02:38 PM 5/3/00 -0700, you wrote: > >IMHO QCOM cannot form a C&H since it is more than 30% below the high and > >therefore by definition has dropped too far to make a C&H according to > HTMMIS. > > > >On 02:19 PM 5/3/00, Carter Diggs Said: > >>Hello folks > >> > >>I was looking at QCOM and trying to decide where a (future) pivot point > >>might be, assuming it's forming the right side of a cup. Will the pivot > >>point be at the level of the January blowout peak or the late March > >>peak? Or would you wait and see if it meets resistance at the late March > >>peak or goes on through it? > >> > >>Still trying to learn. > >> > >>Carter > > > >Tim Fisher > >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > >Tim@OreRockOn.com > >WWW: http://OreRockOn.com > >See naked fish and rocks! > > > > > >- > > > > > > > > > - > - ------------------------------------------------------------------------------- From: "mikelu" Subject: RE: [CANSLIM] M Date: 04 May 2000 02:34:46 -0700 Here's the end of Marder's article today from TradingMarkets.com: "Conclusion: What little leadership the market had evaporated Tuesday and Wednesday. The intermediate-term trader who bought some of these breakouts and likely got stopped out with small losses should continue to monitor his or her list of favorites to see if they can rebuild themselves soon." -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Wednesday, May 03, 2000 5:52 PM Well, another day, another dollar (gone). Today looks like a distribution day on the Nasdaq, so I feel this is a very bad sign. Based on the weakness on volume late yesterday, and further weakness today, I took a small profit on my two positions, and went back to 100% cash. Where is everyone else at this point? It seems we have quite a difference of % invested at this point. I find it interesting that IBD is so very cautious while Marder seems to be jumping back in! I think I'll go with IBD for this one. Oh well, like I love to say, "Easy come, Easier Go!" Good luck all. - - ------------------------------------------------------------------------------- From: "Peter D. Christiansen" Subject: Re: [CANSLIM] M Date: 04 May 2000 18:28:43 +0700 I was quickly stopped out of all three of my buys since the follow through day. Back to 100% cash, and feeling very wary of this market. Earl Setser wrote: > Well, another day, another dollar (gone). Today looks like a distribution > day on the Nasdaq, so I feel this is a very bad sign. Based on the > weakness on volume late yesterday, and further weakness today, I took a > small profit on my two positions, and went back to 100% cash. Where is > everyone else at this point? It seems we have quite a difference of % > invested at this point. > > I find it interesting that IBD is so very cautious while Marder seems to be > jumping back in! I think I'll go with IBD for this one. Oh well, like I > love to say, "Easy come, Easier Go!" Good luck all. > > - -- Peter D Christiansen Chiang Mai, Thailand <*> "Neither life nor happiness can be achieved by the pursuit of irrational whims. Just as man is free to attempt to survive by any random means, as a parasite, a moocher or a looter, but not free to succeed at it beyond the range of the moment - so he is free to seek his happiness in any irrational fraud, any whim, any delusion, any mindless escape from reality, but not free to succeed at it beyond the range of the moment nor to escape the consequences." -- "The Objectivist Ethics," The Virtue Of Selfishness <*> - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] "M" Date: 04 May 2000 07:35:50 -0400 I am encouraged by the charts of the DOW 30, NYSE Composite, and Nasdaq. Over the past two and a half weeks, despite the extremes of volatility we have seen, they are all showing higher lows. Basically, a rally interrupted by fear/profit taking selloffs, but not to new lower levels. I am still concerned about the lack of volume, esp on the up days, but believe this evidences a lack of confidence in the longer term trend. A lot of the extremes of volatility have come on days when major names have had news, both good and bad. This may signify that they still command leadership, even when the news is bad. The lack of volume may well prove to be a bullish signal, as substantial cash is still sitting on the sidelines as the indexes inch higher overall. Meanwhile, the strong earnings reports coming out will help lower the valuation ratios. Undoubtedly, we are losing some of the ridiculous premiums being paid on the more speculative stocks, but overall this seems to be healthy for the longer term investor. Asian and European trading, and US futures, are inconclusive for what today will bring. The rally late in the day yesterday on Nasdaq is about the most hopeful sign I could find. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "Dwayne Andras" Subject: RE: [CANSLIM] Leaders List Spreadsheet Date: 04 May 2000 07:02:20 -0500 Forgive the question What is the abbreviations on the heading of the leaders spread sheet?? Thanks Dwayne P. Andras M DeeAndras@cajun.net -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia Sent: Wednesday, May 03, 2000 10:58 PM Earl, Thanks so much for the spreadsheets. Obviously you're busting your butt putting this information together. I am relatively new to investing and new to CANSLIM. I've been reading these posts for about a month and have read HTMMIS. I have found several members talking about DGO. Can you tell me what the site is? I am under the impression that it is similar to stocktables.com and would like to have a site available that sorts data like IBD. In addition, I was attempting to analyze the numbers in your spreadsheet and would like clarification on a couple items. What is the significance of the pivot, 5% and 20% down numbers? Is the pivot point a point of resistance to watch for? Thanks, Earl, I wish I had found this group before I invested some cash in April....I'm down 35% since mid March ...all tech stocks... I think you said you were 100% cash, but I'm holding, hoping for a rebound this fall... Dave Massaglia > >I had several requests for the spreadsheet I use to generate my leaders >list. I didn't expect that amount of interest!! Thanks for the >compliments and I'm glad several of you find it useful. I have decided to >go ahead and post the file on the CANSLIM FTP site. You can get the file >at: > >ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls > >The following notes are what I originally wrote to one person, now modified >for a broader audience. This describes the spreadsheet and how I generate >it. > >The spreadsheet is a compilation of CANSLIM data on various stocks. I get >the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >rankings of A-E. The Quant formulas are an attempt to combine all of the >rankings into a single ranking that will highlight the strongest stocks. > >I don't (generally) post my spreadsheet publicly. It is generally a work >in progress, and I also have a bunch of other worksheets included like my >CANSLIM performance, other investments, etc. I went ahead and deleted the >rest of the worksheets so you guys could get a copy and see what I'm doing. > I update the worksheet on most weekends, and try to make sure all of the >data is no more than one month old. This last weekend, I updated all of >the EPS/RPS/SMR/Acc numbers since it's earnings season. > >The file I've uploaded is in a different order than the original list. >After I generate the list, I do my own technical scan of each of the >stocks. The "Technical Chart Status" column is my notes as of this last >weekend. Then I re-sort the top 100 to put the longest bases on top, >recent breakouts next, shorter bases in the middle, and stocks without >bases at the bottom. This gives me a watch list for the week. I have >bolded some stocks. These are stocks that are closest to breakouts and >warrant closer watching. I try to review these several times during the >day. (Note that some stocks show well on the list, but I really don't care >for the chart or something else about the stock. SMTC is an example of one >that I probably won't buy.) > >Note that I have 2 quant formulas I'm evaluating. Both formulas combine >EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old >Quant" also gives credit for IGP rank (#1 gets more points than #2), while >the new one "New Quant" doesn't. I'm leaning towards sticking with the new >formula, but only using the top 20 industry groups. > >Trying to keep this somewhat up-to-date has been quite a challenge. I'm >probably going to subscribe to DGO hoping I can accomplish this without >much or all of the work, sometime in the near future. I'm also very >interested in what on-line screening tools IBD is adding to their website. >I may wait on DGO until it becomes clear what capabilities they are really >going to offer (in "early" summer). > >Enjoy. > > > >- > ________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com - - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] M & Bulls/Bears % Date: 04 May 2000 10:37:36 -0400 Still 100% cash. Am deeply suspicious of this market so far. Nevertheless, I looked at a couple of purchases over the past few days, but was not impressed enough to take the plunge. I noticed though, that according to IDB's sentiment numbers today, the percentage of bulls is finally starting to decline (to 47.6%) with bears over 30% for the first time in more than two months (31.4%). The pieces may just be starting to fall into place. Trigger finger itchy for first time in well over two months. Walter Stock Oakville, ON, Canada Earl Setser wrote: > Well, another day, another dollar (gone). Today looks like a distribution > day on the Nasdaq, so I feel this is a very bad sign. Based on the > weakness on volume late yesterday, and further weakness today, I took a > small profit on my two positions, and went back to 100% cash. Where is > everyone else at this point? It seems we have quite a difference of % > invested at this point. > > I find it interesting that IBD is so very cautious while Marder seems to be > jumping back in! I think I'll go with IBD for this one. Oh well, like I > love to say, "Easy come, Easier Go!" Good luck all. > > - - ------------------------------------------------------------------------------- From: rolatzi Subject: Re: [CANSLIM] M & Bulls/Bears % Date: 04 May 2000 08:38:44 -0700 (PDT) Walter, What level of bullish or bearish sentiment are you looking for? I have been cutting back and taking profits but still find the energy sector to be positive. At this point energy sector may even be considered for CANSLIM stocks with increasing performance, earnings and many are making nice bases or breaking out to new highs. Ciao, rolatzi --- Walter Stock wrote: > Still 100% cash. Am deeply suspicious of this market so > far. > Nevertheless, I looked at a couple of purchases over the > past few > days, but was not impressed enough to take the plunge. > > I noticed though, that according to IDB's sentiment > numbers > today, the percentage of bulls is finally starting to > decline (to 47.6%) > with bears over 30% for the first time in more than two > months (31.4%). > > The pieces may just be starting to fall into place. > > Trigger finger itchy for first time in well over two > months. > > Walter Stock > Oakville, ON, Canada > > > Earl Setser wrote: > > > Well, another day, another dollar (gone). Today looks > like a distribution > > day on the Nasdaq, so I feel this is a very bad sign. > Based on the > > weakness on volume late yesterday, and further weakness > today, I took a > > small profit on my two positions, and went back to 100% > cash. Where is > > everyone else at this point? It seems we have quite a > difference of % > > invested at this point. > > > > I find it interesting that IBD is so very cautious > while Marder seems to be > > jumping back in! I think I'll go with IBD for this > one. Oh well, like I > > love to say, "Easy come, Easier Go!" Good luck all. > > > > - > > > - > > __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] M Date: 04 May 2000 12:20:52 -0700 Is anyone still calling last Friday a follow through? If so, do you consider the next rally attempt "day 1" of a new rally or still part of the last rally? To me, it looks a lot like a failed rally attempt after the decsent from a March top. That would put us in the early part of a bear market with one leg [down] already past. Any other interpretations? -Jim-- - ------------------------------------------------------------------------------- From: Alexander T Subject: [CANSLIM] Earl's spreadsheet Date: 04 May 2000 14:10:05 -0400 (EDT) Hi Earl I just had a chance to look at your spreadsheet. I commend you for being able to take the time and analyze such a vast number of stocks, considering that you are using information printed in IBD. That must take some time ! I am wondering, which site are you using to check the bases on stocks ? I found MSN Moneycentral has good interface for charting stocks, but I also found that if you do many of them in a row, page loading slows down considerably. Thanks ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - ------------------------------------------------------------------------------- From: Werner Vandewiele Subject: Re: [CANSLIM] M Date: 04 May 2000 19:56:21 +0200 At 12:20 PM 04-05-00 -0700, you wrote: >Is anyone still calling last Friday a follow through? It is still a follow thru day technically,until we undercut the low that we used to start counting from. But you also have to watch the LEADERS! They are SHOUTING to you right now 'Go back to CASH!'. Breakout failures galore. Hence my 'Game over' post from a few days ago. >If so, do you consider the next rally attempt "day 1" of a new rally or >still part of the last rally? To me, it looks a lot like a failed rally >attempt after the >decsent from a March top. That would put us in the early part of a bear >market with one leg [down] already past. Any other interpretations? > >-Jim-- > > >- Regards, <<< Werner Vandewiele >>> - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] M Date: 04 May 2000 11:19:22 -0700 For every failure you can find, I can find a counterexample. Witness AMD, AXE, PWR, TER, TNL, VSH, to name a few. These are recent breakouts that have emphatically not failed. Of course they may fail by the end of the day but that is speculation. For now they have held up admirably. On 10:56 AM 5/4/00, Werner Vandewiele Said: >At 12:20 PM 04-05-00 -0700, you wrote: >>Is anyone still calling last Friday a follow through? > >It is still a follow thru day technically,until we undercut the low that >we used to start counting from. > >But you also have to watch the LEADERS! They are SHOUTING to you right now >'Go back to CASH!'. Breakout failures galore. > >Hence my 'Game over' post from a few days ago. > >>If so, do you consider the next rally attempt "day 1" of a new rally or >>still part of the last rally? To me, it looks a lot like a failed rally >>attempt after the >>decsent from a March top. That would put us in the early part of a bear >>market with one leg [down] already past. Any other interpretations? >> >>-Jim-- >> >> >>- > >Regards, > ><<< Werner Vandewiele >>> > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Subject: Re: [CANSLIM] M Date: 04 May 2000 12:51:43 -0700 Was stopped out of my 4 holdings...back to cash...back to watching and waiting. Ziggy Earl Setser wrote: > Well, another day, another dollar (gone). Today looks like a distribution > day on the Nasdaq, so I feel this is a very bad sign. Based on the > weakness on volume late yesterday, and further weakness today, I took a > small profit on my two positions, and went back to 100% cash. Where is > everyone else at this point? It seems we have quite a difference of % > invested at this point. > > I find it interesting that IBD is so very cautious while Marder seems to be > jumping back in! I think I'll go with IBD for this one. Oh well, like I > love to say, "Easy come, Easier Go!" Good luck all. > > - - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: [CANSLIM] OFF TOPIC(BigEasy) Date: 04 May 2000 15:58:44 -0500 Hi men, I ran across a site that some may find useful. It provides a plethora of indicators on some 20,000 stocks including up(green) and down(red) volume, the last five quarters of earnings, screening using both bull and bear indicators(your choice), etc. I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), and the distribution days that I missed on the NASDAQ in the IBD were painfully obvious.(Hindsight and all that of course). This program graphs in bar, line, and .candlestick. A really neat feature(using L/R buttons) allows you to step the graph backward and forward, so that you can watch the graph unfold on a daily basis. Anyway, the program is free with free daily data downloads: http://www.bigeasyinvestor,com Best wishes, Walt - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 04 May 2000 18:11:56 -0600 At 08:57 PM 5/3/00 PDT, you wrote: >Earl, > >Thanks so much for the spreadsheets. >Obviously you're busting your butt putting this information together. Your welcome. > >I am relatively new to investing and new to CANSLIM. I've been reading these >posts for about a month and have read HTMMIS. > >I have found several members talking about DGO. Can you tell me what the >site is? I am under the impression that it is similar to stocktables.com and >would like to have a site available that sorts data like IBD. DGO (Daily Graphs On-Line) is William O'Neil's company on-line graphing service. There regular service mails you hard-copy graphs with quite a lot of information on many-many stocks. The info includes most of the IBD rankings, institutional holdings, EPS numbers, etc. DGO is an on-line version. Tom subscribes, and will probably supply a more complete description, or go to their website, http://www.dailygraphs.com/ > >In addition, I was attempting to analyze the numbers in your spreadsheet and >would like clarification on a couple items. > >What is the significance of the pivot, 5% and 20% down numbers? >Is the pivot point a point of resistance to watch for? I calculate a "New High" pivot for each stock that I don't see a handle or a double bottom for. Generally I use closing numbers for this pivot. I check to see the highest closing price and then I select the next highest price in 1/4 point increments. If I notice a handle, then I update the pivot to the intraday high at the top of the handle. > >Thanks, Earl, I wish I had found this group before I invested some cash in >April....I'm down 35% since mid March ...all tech stocks... > >I think you said you were 100% cash, but I'm holding, hoping for a rebound >this fall... > >Dave Massaglia > > >> - ------------------------------------------------------------------------------- From: Earl Setser Subject: RE: [CANSLIM] M Date: 04 May 2000 18:15:30 -0600 Hi, thanks for that update. I actually lost confidence and escaped with a slight gain! Both of my former stocks moved up today, also, but I'm still happier in cash at this point. At 02:34 AM 5/4/00 -0700, you wrote: >Here's the end of Marder's article today from TradingMarkets.com: > >"Conclusion: What little leadership the market had evaporated Tuesday and >Wednesday. The intermediate-term trader who bought some of these breakouts >and likely got stopped out with small losses should continue to monitor his >or her list of favorites to see if they can rebuild themselves soon." > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser >Sent: Wednesday, May 03, 2000 5:52 PM >To: canslim@xmission.com >Subject: [CANSLIM] M > > >Well, another day, another dollar (gone). Today looks like a distribution >day on the Nasdaq, so I feel this is a very bad sign. Based on the >weakness on volume late yesterday, and further weakness today, I took a >small profit on my two positions, and went back to 100% cash. Where is >everyone else at this point? It seems we have quite a difference of % >invested at this point. > >I find it interesting that IBD is so very cautious while Marder seems to be >jumping back in! I think I'll go with IBD for this one. Oh well, like I >love to say, "Easy come, Easier Go!" Good luck all. > > >- > > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: RE: [CANSLIM] Leaders List Spreadsheet Date: 04 May 2000 18:23:29 -0600 Here is a list of abbreviations from the Leaders List Spreadsheet Symb - Symbol Exch - Exchange Type - Type of pivot, handle, closing high, all-time high, or double-bottom 5% - Pivot plus 5%, my highest allowed buy price 20% - Pivot minus 20%, a reminder I don't need to watch this one closely IGP - Industry Group Rank from IBD EPS - Earnings per Share RPS - Relative Price Strength SPR - Sales + Profits Margins + ROE rank A/D - Accumulation/Distribution rank IBD Chk Date - the last date the data for this stock was updated Spn - Sponsorship rank from IBD Spns Date - the last date for the sponsorship rank 50 ADV - 50 day Average Daily Volume for this stock At 07:02 AM 5/4/00 -0500, you wrote: >Forgive the question >What is the abbreviations on the heading of the leaders spread sheet?? > >Thanks > > > > >Dwayne P. Andras M >DeeAndras@cajun.net > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia >Sent: Wednesday, May 03, 2000 10:58 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Leaders List Spreadsheet > > >Earl, > >Thanks so much for the spreadsheets. >Obviously you're busting your butt putting this information together. > >I am relatively new to investing and new to CANSLIM. I've been reading these >posts for about a month and have read HTMMIS. > >I have found several members talking about DGO. Can you tell me what the >site is? I am under the impression that it is similar to stocktables.com and >would like to have a site available that sorts data like IBD. > >In addition, I was attempting to analyze the numbers in your spreadsheet and >would like clarification on a couple items. > >What is the significance of the pivot, 5% and 20% down numbers? >Is the pivot point a point of resistance to watch for? > >Thanks, Earl, I wish I had found this group before I invested some cash in >April....I'm down 35% since mid March ...all tech stocks... > >I think you said you were 100% cash, but I'm holding, hoping for a rebound >this fall... > >Dave Massaglia > > >> >>I had several requests for the spreadsheet I use to generate my leaders >>list. I didn't expect that amount of interest!! Thanks for the >>compliments and I'm glad several of you find it useful. I have decided to >>go ahead and post the file on the CANSLIM FTP site. You can get the file >>at: >> >>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls >> >>The following notes are what I originally wrote to one person, now modified >>for a broader audience. This describes the spreadsheet and how I generate >>it. >> >>The spreadsheet is a compilation of CANSLIM data on various stocks. I get >>the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >>rankings of A-E. The Quant formulas are an attempt to combine all of the >>rankings into a single ranking that will highlight the strongest stocks. >> >>I don't (generally) post my spreadsheet publicly. It is generally a work >>in progress, and I also have a bunch of other worksheets included like my >>CANSLIM performance, other investments, etc. I went ahead and deleted the >>rest of the worksheets so you guys could get a copy and see what I'm doing. >> I update the worksheet on most weekends, and try to make sure all of the >>data is no more than one month old. This last weekend, I updated all of >>the EPS/RPS/SMR/Acc numbers since it's earnings season. >> >>The file I've uploaded is in a different order than the original list. >>After I generate the list, I do my own technical scan of each of the >>stocks. The "Technical Chart Status" column is my notes as of this last >>weekend. Then I re-sort the top 100 to put the longest bases on top, >>recent breakouts next, shorter bases in the middle, and stocks without >>bases at the bottom. This gives me a watch list for the week. I have >>bolded some stocks. These are stocks that are closest to breakouts and >>warrant closer watching. I try to review these several times during the >>day. (Note that some stocks show well on the list, but I really don't care >>for the chart or something else about the stock. SMTC is an example of one >>that I probably won't buy.) >> >>Note that I have 2 quant formulas I'm evaluating. Both formulas combine >>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old >>Quant" also gives credit for IGP rank (#1 gets more points than #2), while >>the new one "New Quant" doesn't. I'm leaning towards sticking with the new >>formula, but only using the top 20 industry groups. >> >>Trying to keep this somewhat up-to-date has been quite a challenge. I'm >>probably going to subscribe to DGO hoping I can accomplish this without >>much or all of the work, sometime in the near future. I'm also very >>interested in what on-line screening tools IBD is adding to their website. >>I may wait on DGO until it becomes clear what capabilities they are really >>going to offer (in "early" summer). >> >>Enjoy. >> >> >> >>- >> > >________________________________________________________________________ >Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > >- > > > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Earl's spreadsheet Date: 04 May 2000 18:27:06 -0600 I use Clearstation for a quick scan of a group of stocks (maybe 20 at a time). It takes a few minutes to load, but I like the charts and it's quick to go through stocks that don't have any bases forming. After I find a stock of interest, I use prophetcharts to take a closer look. It has a nice Java chart that gives you daily H/O/L/C and it also allows you to select a timeframe and blow it up. This is what I use to establish the pivot. At 02:10 PM 5/4/00 -0400, you wrote: >Hi Earl > >I just had a chance to look at your spreadsheet. >I commend you for being able to take the time and analyze such a vast number >of stocks, considering that you are using information printed in IBD. That >must take some time ! > >I am wondering, which site are you using to check the bases on stocks ? I >found MSN Moneycentral has good interface for charting stocks, but I also >found that if you do many of them in a row, page loading slows down >considerably. > >Thanks > >______________________________________________ >FREE Personalized Email at Mail.com >Sign up at http://www.mail.com/?sr=signup > > >- > > > - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] M & Bulls/Bears % Date: 04 May 2000 21:14:29 -0400 Hi Rolatzi, Today's IBD says that when the two levels cross (i.e. bulls% < bears%) it has in past flagged a "market bottom". I don't think the indicator has to go that far to work. Also remember that it is a secondary indicator according to WON. The primary indicators are the main indices and also the action of the leadership stocks. These have sucked for two months now. Still, the pieces seem to be falling into place such that I may soon be willing to commit cash on the long side. It takes checking the market day to day. As Jeff Cooper says, if you use a crystal ball, you eat the broken glass. The energy sector? Have been too busy to give it enough time. Remember that energy is often counter-trend to the general market, and may not say much about the overall picture. Walter Stock Oakville, ON, Canada rolatzi wrote: > Walter, > What level of bullish or bearish sentiment are you looking > for? I have been cutting back and taking profits but still > find the energy sector to be positive. > > At this point energy sector may even be considered for > CANSLIM stocks with increasing performance, earnings and > many are making nice bases or breaking out to new highs. > > Ciao, > rolatzi > > --- Walter Stock wrote: > > Still 100% cash. Am deeply suspicious of this market so > > far. > > Nevertheless, I looked at a couple of purchases over the > > past few > > days, but was not impressed enough to take the plunge. > > > > I noticed though, that according to IDB's sentiment > > numbers > > today, the percentage of bulls is finally starting to > > decline (to 47.6%) > > with bears over 30% for the first time in more than two > > months (31.4%). > > > > The pieces may just be starting to fall into place. > > > > Trigger finger itchy for first time in well over two > > months. > > > > Walter Stock > > Oakville, ON, Canada > > > > > > Earl Setser wrote: > > > > > Well, another day, another dollar (gone). Today looks > > like a distribution > > > day on the Nasdaq, so I feel this is a very bad sign. > > Based on the > > > weakness on volume late yesterday, and further weakness > > today, I took a > > > small profit on my two positions, and went back to 100% > > cash. Where is > > > everyone else at this point? It seems we have quite a > > difference of % > > > invested at this point. > > > > > > I find it interesting that IBD is so very cautious > > while Marder seems to be > > > jumping back in! I think I'll go with IBD for this > > one. Oh well, like I > > > love to say, "Easy come, Easier Go!" Good luck all. > > > > > > - > > > > > > - > > > > > > __________________________________________________ > Do You Yahoo!? > Send instant messages & get email alerts with Yahoo! Messenger. > http://im.yahoo.com/ > > - - ------------------------------------------------------------------------------- From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Date: 05 May 2000 07:11:40 -0400 At 03:58 PM 5/4/00 -0500, you wrote: >Hi men, >I ran across a site.. ... > >I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), >and the distribution days that I missed on the NASDAQ in the IBD were >painfully obvious.(Hindsight and all that of course). ... > >Anyway, the program is free with free daily data downloads: >http://www.bigeasyinvestor,com >Best wishes, >Walt > Other Indexes I have found useful with the BigEasy are: ^DJI ^IXIC ^NDX ^RUT The Spyders and specialty Indexes are: HHH HQH XLB XLE XLF XLI XLK XLP XLU XLV XLY Regards, Frank Wolynski P.S. The screening aspects of BE are the best feature. I have written the authors of the program to encourage inclusion of a Relative Strength ranking system, much like WON uses or PitBull uses at their StockTables site. No luck so far, but they did like the idea. - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 05 May 2000 17:19:57 +0300 Earl, Since I was the one to originally ask that you let us all see your handiwork (the excel program), let me thank you personally. (I was out of town for 2 days, and didn't see it 'till today). It is clear to me that you invested a great deal of time and energy in this 'work in progress' and also in making it presentable to the group (i.e., removing the ideosyncrancies that only the creator would understand). I, as do we all, appreciate your hard work, and especially your generosity in providing it to a bunch of 'strangers.' You may have explained it before, but can you explain how you arrived at the pivot price? Still looking at bases, Tom ----- Original Message ----- Sent: Friday, May 05, 2000 3:23 AM > Here is a list of abbreviations from the Leaders List Spreadsheet > > Symb - Symbol > Exch - Exchange > Type - Type of pivot, handle, closing high, all-time high, or double-bottom > 5% - Pivot plus 5%, my highest allowed buy price > 20% - Pivot minus 20%, a reminder I don't need to watch this one closely > IGP - Industry Group Rank from IBD > EPS - Earnings per Share > RPS - Relative Price Strength > SPR - Sales + Profits Margins + ROE rank > A/D - Accumulation/Distribution rank > IBD Chk Date - the last date the data for this stock was updated > Spn - Sponsorship rank from IBD > Spns Date - the last date for the sponsorship rank > 50 ADV - 50 day Average Daily Volume for this stock > > At 07:02 AM 5/4/00 -0500, you wrote: > >Forgive the question > >What is the abbreviations on the heading of the leaders spread sheet?? > > > >Thanks > > > > > > > > > >Dwayne P. Andras M > >DeeAndras@cajun.net > > > > > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia > >Sent: Wednesday, May 03, 2000 10:58 PM > >To: canslim@lists.xmission.com > >Subject: Re: [CANSLIM] Leaders List Spreadsheet > > > > > >Earl, > > > >Thanks so much for the spreadsheets. > >Obviously you're busting your butt putting this information together. > > > >I am relatively new to investing and new to CANSLIM. I've been reading these > >posts for about a month and have read HTMMIS. > > > >I have found several members talking about DGO. Can you tell me what the > >site is? I am under the impression that it is similar to stocktables.com and > >would like to have a site available that sorts data like IBD. > > > >In addition, I was attempting to analyze the numbers in your spreadsheet and > >would like clarification on a couple items. > > > >What is the significance of the pivot, 5% and 20% down numbers? > >Is the pivot point a point of resistance to watch for? > > > >Thanks, Earl, I wish I had found this group before I invested some cash in > >April....I'm down 35% since mid March ...all tech stocks... > > > >I think you said you were 100% cash, but I'm holding, hoping for a rebound > >this fall... > > > >Dave Massaglia > > > > > >> > >>I had several requests for the spreadsheet I use to generate my leaders > >>list. I didn't expect that amount of interest!! Thanks for the > >>compliments and I'm glad several of you find it useful. I have decided to > >>go ahead and post the file on the CANSLIM FTP site. You can get the file > >>at: > >> > >>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls > >> > >>The following notes are what I originally wrote to one person, now modified > >>for a broader audience. This describes the spreadsheet and how I generate > >>it. > >> > >>The spreadsheet is a compilation of CANSLIM data on various stocks. I get > >>the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for > >>rankings of A-E. The Quant formulas are an attempt to combine all of the > >>rankings into a single ranking that will highlight the strongest stocks. > >> > >>I don't (generally) post my spreadsheet publicly. It is generally a work > >>in progress, and I also have a bunch of other worksheets included like my > >>CANSLIM performance, other investments, etc. I went ahead and deleted the > >>rest of the worksheets so you guys could get a copy and see what I'm doing. > >> I update the worksheet on most weekends, and try to make sure all of the > >>data is no more than one month old. This last weekend, I updated all of > >>the EPS/RPS/SMR/Acc numbers since it's earnings season. > >> > >>The file I've uploaded is in a different order than the original list. > >>After I generate the list, I do my own technical scan of each of the > >>stocks. The "Technical Chart Status" column is my notes as of this last > >>weekend. Then I re-sort the top 100 to put the longest bases on top, > >>recent breakouts next, shorter bases in the middle, and stocks without > >>bases at the bottom. This gives me a watch list for the week. I have > >>bolded some stocks. These are stocks that are closest to breakouts and > >>warrant closer watching. I try to review these several times during the > >>day. (Note that some stocks show well on the list, but I really don't care > >>for the chart or something else about the stock. SMTC is an example of one > >>that I probably won't buy.) > >> > >>Note that I have 2 quant formulas I'm evaluating. Both formulas combine > >>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old > >>Quant" also gives credit for IGP rank (#1 gets more points than #2), while > >>the new one "New Quant" doesn't. I'm leaning towards sticking with the new > >>formula, but only using the top 20 industry groups. > >> > >>Trying to keep this somewhat up-to-date has been quite a challenge. I'm > >>probably going to subscribe to DGO hoping I can accomplish this without > >>much or all of the work, sometime in the near future. I'm also very > >>interested in what on-line screening tools IBD is adding to their website. > >>I may wait on DGO until it becomes clear what capabilities they are really > >>going to offer (in "early" summer). > >> > >>Enjoy. > >> > >> > >> > >>- > >> > > > >________________________________________________________________________ > >Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > > > > >- > > > > > > > >- > > > > > > > > > - > - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Date: 05 May 2000 18:50:07 +0300 Walter! a) thanks a lot for the pointer, it looks very good and free; b) why the greeting to "Hi Men"???? a supposition that women are too smart to waste their time losing money? Tom ----- Original Message ----- Sent: Thursday, May 04, 2000 11:58 PM > Hi men, > I ran across a site that some may find useful. It provides a plethora of > indicators on some 20,000 stocks including up(green) and down(red) volume, > the last five quarters of earnings, screening using both bull and bear > indicators(your choice), etc. > > I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), > and the distribution days that I missed on the NASDAQ in the IBD were > painfully obvious.(Hindsight and all that of course). > > This program graphs in bar, line, and .candlestick. > A really neat feature(using L/R buttons) allows you to step the graph > backward and forward, so that you can watch the graph unfold on a daily > basis. > > Anyway, the program is free with free daily data downloads: > http://www.bigeasyinvestor,com > Best wishes, > Walt > > > > > > - > - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] M Date: 05 May 2000 18:57:46 +0300 Tim, Certainly an interesting list. But none are interesting from a CANSLIM point of view (i.e., not forming ....) Tom ----- Original Message ----- Sent: Thursday, May 04, 2000 9:19 PM > For every failure you can find, I can find a counterexample. Witness AMD, > AXE, PWR, TER, TNL, VSH, to name a few. These are recent breakouts that > have emphatically not failed. Of course they may fail by the end of the day > but that is speculation. For now they have held up admirably. > > On 10:56 AM 5/4/00, Werner Vandewiele Said: > >At 12:20 PM 04-05-00 -0700, you wrote: > >>Is anyone still calling last Friday a follow through? > > > >It is still a follow thru day technically,until we undercut the low that > >we used to start counting from. > > > >But you also have to watch the LEADERS! They are SHOUTING to you right now > >'Go back to CASH!'. Breakout failures galore. > > > >Hence my 'Game over' post from a few days ago. > > > >>If so, do you consider the next rally attempt "day 1" of a new rally or > >>still part of the last rally? To me, it looks a lot like a failed rally > >>attempt after the > >>decsent from a March top. That would put us in the early part of a bear > >>market with one leg [down] already past. Any other interpretations? > >> > >>-Jim-- > >> > >> > >>- > > > >Regards, > > > ><<< Werner Vandewiele >>> > > > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Date: 05 May 2000 11:03:03 -0500 ----- Original Message ----- Sent: Friday, May 05, 2000 6:11 AM > At 03:58 PM 5/4/00 -0500, you wrote: (SNIP) > > > >Anyway, the program is free with free daily data downloads: > >http://www.bigeasyinvestor,com > >Best wishes, > >Walt > > > > Other Indexes I have found useful with the BigEasy are: > ^DJI ^IXIC ^NDX ^RUT > > The Spyders and specialty Indexes are: > HHH HQH XLB XLE XLF XLI XLK XLP XLU XLV XLY > > Regards, > Frank Wolynski > > P.S. The screening aspects of BE are the best feature. I have written the > authors of the program to encourage inclusion of a Relative Strength > ranking system, much like WON uses or PitBull uses at their StockTables > site. No luck so far, but they did like the idea. Frank, Thanks for the Indexes. It would be very helpful if ^DJI, ^IXIC, ^NDX, and ^RUT showed volume. QQQ does and that can substitute for ^NDX. Here are a couple of others that may be useful: BBH, TTH, PPH, and BHH. In my original post, I included the URL for BigEasy, but it produces, "This page can not be displayed". I can put the same URL in the address window of my browser, hit "Enter", and it works fine. Would you know why? Thanks again. Best wishes, Walt - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] M Date: 05 May 2000 09:27:44 -0700 My point was that they are decent CANSLIM, broke out, did not collapse back into their bases, and are continuing upward. If you would have had them on your watch list, and if you consider last Tuesday a valid follow-through, then you could have bought them when they crossed their pivot points, and not have been stopped out so far. Many many CNALSIM candidates currently have decent although a bit volatile bases forming. I've posted my watch list before and so have others. On 08:57 AM 5/5/00, Tom Gumpel Said: >Tim, >Certainly an interesting list. But none are interesting from a CANSLIM point >of view (i.e., not forming ....) >Tom >----- Original Message ----- >From: "Tim Fisher" >To: >Sent: Thursday, May 04, 2000 9:19 PM >Subject: Re: [CANSLIM] M > > > > For every failure you can find, I can find a counterexample. Witness AMD, > > AXE, PWR, TER, TNL, VSH, to name a few. These are recent breakouts that > > have emphatically not failed. Of course they may fail by the end of the >day > > but that is speculation. For now they have held up admirably. > > > > On 10:56 AM 5/4/00, Werner Vandewiele Said: > > >At 12:20 PM 04-05-00 -0700, you wrote: > > >>Is anyone still calling last Friday a follow through? > > > > > >It is still a follow thru day technically,until we undercut the low that > > >we used to start counting from. > > > > > >But you also have to watch the LEADERS! They are SHOUTING to you right >now > > >'Go back to CASH!'. Breakout failures galore. > > > > > >Hence my 'Game over' post from a few days ago. > > > > > >>If so, do you consider the next rally attempt "day 1" of a new rally or > > >>still part of the last rally? To me, it looks a lot like a failed rally > > >>attempt after the > > >>decsent from a March top. That would put us in the early part of a bear > > >>market with one leg [down] already past. Any other interpretations? > > >> > > >>-Jim-- > > >> > > >> > > >>- > > > > > >Regards, > > > > > ><<< Werner Vandewiele >>> > > > > > > > > >- > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Date: 05 May 2000 09:29:05 -0700 Walt, you had a comma instead of a period before "com". Some browsers are smart enough to substitute a period since commas are illegal in URLs; some are not. . On 09:03 AM 5/5/00, walter nusbaum Said: >----- Original Message ----- >From: "Frank V. Wolynski" >To: >Sent: Friday, May 05, 2000 6:11 AM >Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) > > > > At 03:58 PM 5/4/00 -0500, you wrote: >(SNIP) > > > > > >Anyway, the program is free with free daily data downloads: > > >http://www.bigeasyinvestor,com > > >Best wishes, > > >Walt > > > > > > > Other Indexes I have found useful with the BigEasy are: > > ^DJI ^IXIC ^NDX ^RUT > > > > The Spyders and specialty Indexes are: > > HHH HQH XLB XLE XLF XLI XLK XLP XLU XLV XLY > > > > Regards, > > Frank Wolynski > > > > P.S. The screening aspects of BE are the best feature. I have written the > > authors of the program to encourage inclusion of a Relative Strength > > ranking system, much like WON uses or PitBull uses at their StockTables > > site. No luck so far, but they did like the idea. > >Frank, >Thanks for the Indexes. It would be very helpful if ^DJI, ^IXIC, ^NDX, and >^RUT showed volume. QQQ does and that can substitute for ^NDX. Here are a >couple of others that may be useful: BBH, TTH, PPH, and BHH. > >In my original post, I included the URL for BigEasy, >but it produces, "This page can not be displayed". >I can put the same URL in the address window of my browser, hit "Enter", and >it works fine. Would you know why? Thanks again. >Best wishes, >Walt > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Date: 05 May 2000 12:06:28 -0500 ----- Original Message ----- Sent: Friday, May 05, 2000 10:50 AM > Walter! > a) thanks a lot for the pointer, it looks very good and free; Tom, You're welcome, and I hope it is of some benefit. > b) why the greeting to "Hi Men"???? > a supposition that women are too smart to waste their time losing money? You may be right about losing money, but of the thousands of messages posted to this list, I have only been able to identify three posts from the distaff side from two different people, and one of those was asking to be removed from the list. Besides that, I just felt like it. You might call it a military service-connected disability. Best wishes, Walt TOM > ----- Original Message ----- > From: "walter nusbaum" > To: > Sent: Thursday, May 04, 2000 11:58 PM > Subject: [CANSLIM] OFF TOPIC(BigEasy) > > > > Hi men, > > I ran across a site that some may find useful. It provides a plethora of > > indicators on some 20,000 stocks including up(green) and down(red) volume, > > the last five quarters of earnings, screening using both bull and bear > > indicators(your choice), etc. > > > > I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), > > and the distribution days that I missed on the NASDAQ in the IBD were > > painfully obvious.(Hindsight and all that of course). > > > > This program graphs in bar, line, and .candlestick. > > A really neat feature(using L/R buttons) allows you to step the graph > > backward and forward, so that you can watch the graph unfold on a daily > > basis. > > > > Anyway, the program is free with free daily data downloads: > > http://www.bigeasyinvestor,com > > Best wishes, > > Walt > > > > > > > > > > > > - > > > > > - > - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Date: 05 May 2000 12:12:03 -0500 ----- Original Message ----- Sent: Friday, May 05, 2000 11:29 AM > Walt, you had a comma instead of a period before "com". Some browsers are > smart enough to substitute a period since commas are illegal in URLs; some > are not. . Tim, Thanks. Of all the stupid things! <:-( Best wishes, Walt - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Leaders List Spreadsheet Date: 05 May 2000 17:03:34 -0600 First of all, you are welcome. I'm trying to find a better solution that gets me this kind of data with less effort, and DGO may be the best answer out there. As far as the pivot points, I answered this in a response yesterday, but you are in luck!! I still have the outgoing mail, so I'll just do a quick copy and drop this in here - I calculate a "New High" pivot for each stock that I don't see a handle or a double bottom for. Generally I use closing numbers for this pivot. I check to see the highest closing price and then I select the next highest price in 1/4 point increments. If I notice a handle, then I update the pivot to the intraday high at the top of the handle. At 05:19 PM 5/5/00 +0300, you wrote: >Earl, >Since I was the one to originally ask that you let us all see your handiwork >(the excel program), let me thank you personally. (I was out of town for 2 >days, and didn't see it 'till today). > >It is clear to me that you invested a great deal of time and energy in this >'work in progress' and also in making it presentable to the group (i.e., >removing the ideosyncrancies that only the creator would understand). I, as >do we all, appreciate your hard work, and especially your generosity in >providing it to a bunch of 'strangers.' > >You may have explained it before, but can you explain how you arrived at the >pivot price? > >Still looking at bases, > >Tom >----- Original Message ----- >From: "Earl Setser" >To: >Sent: Friday, May 05, 2000 3:23 AM >Subject: RE: [CANSLIM] Leaders List Spreadsheet > > >> Here is a list of abbreviations from the Leaders List Spreadsheet >> >> Symb - Symbol >> Exch - Exchange >> Type - Type of pivot, handle, closing high, all-time high, or >double-bottom >> 5% - Pivot plus 5%, my highest allowed buy price >> 20% - Pivot minus 20%, a reminder I don't need to watch this one closely >> IGP - Industry Group Rank from IBD >> EPS - Earnings per Share >> RPS - Relative Price Strength >> SPR - Sales + Profits Margins + ROE rank >> A/D - Accumulation/Distribution rank >> IBD Chk Date - the last date the data for this stock was updated >> Spn - Sponsorship rank from IBD >> Spns Date - the last date for the sponsorship rank >> 50 ADV - 50 day Average Daily Volume for this stock >> >> At 07:02 AM 5/4/00 -0500, you wrote: >> >Forgive the question >> >What is the abbreviations on the heading of the leaders spread sheet?? >> > >> >Thanks >> > >> > >> > >> > >> >Dwayne P. Andras M >> >DeeAndras@cajun.net >> > >> > >> >-----Original Message----- >> >From: owner-canslim@lists.xmission.com >> >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia >> >Sent: Wednesday, May 03, 2000 10:58 PM >> >To: canslim@lists.xmission.com >> >Subject: Re: [CANSLIM] Leaders List Spreadsheet >> > >> > >> >Earl, >> > >> >Thanks so much for the spreadsheets. >> >Obviously you're busting your butt putting this information together. >> > >> >I am relatively new to investing and new to CANSLIM. I've been reading >these >> >posts for about a month and have read HTMMIS. >> > >> >I have found several members talking about DGO. Can you tell me what the >> >site is? I am under the impression that it is similar to stocktables.com >and >> >would like to have a site available that sorts data like IBD. >> > >> >In addition, I was attempting to analyze the numbers in your spreadsheet >and >> >would like clarification on a couple items. >> > >> >What is the significance of the pivot, 5% and 20% down numbers? >> >Is the pivot point a point of resistance to watch for? >> > >> >Thanks, Earl, I wish I had found this group before I invested some cash >in >> >April....I'm down 35% since mid March ...all tech stocks... >> > >> >I think you said you were 100% cash, but I'm holding, hoping for a >rebound >> >this fall... >> > >> >Dave Massaglia >> > >> > >> >> >> >>I had several requests for the spreadsheet I use to generate my leaders >> >>list. I didn't expect that amount of interest!! Thanks for the >> >>compliments and I'm glad several of you find it useful. I have decided >to >> >>go ahead and post the file on the CANSLIM FTP site. You can get the >file >> >>at: >> >> >> >>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls >> >> >> >>The following notes are what I originally wrote to one person, now >modified >> >>for a broader audience. This describes the spreadsheet and how I >generate >> >>it. >> >> >> >>The spreadsheet is a compilation of CANSLIM data on various stocks. I >get >> >>the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >> >>rankings of A-E. The Quant formulas are an attempt to combine all of >the >> >>rankings into a single ranking that will highlight the strongest stocks. >> >> >> >>I don't (generally) post my spreadsheet publicly. It is generally a >work >> >>in progress, and I also have a bunch of other worksheets included like >my >> >>CANSLIM performance, other investments, etc. I went ahead and deleted >the >> >>rest of the worksheets so you guys could get a copy and see what I'm >doing. >> >> I update the worksheet on most weekends, and try to make sure all of >the >> >>data is no more than one month old. This last weekend, I updated all of >> >>the EPS/RPS/SMR/Acc numbers since it's earnings season. >> >> >> >>The file I've uploaded is in a different order than the original list. >> >>After I generate the list, I do my own technical scan of each of the >> >>stocks. The "Technical Chart Status" column is my notes as of this last >> >>weekend. Then I re-sort the top 100 to put the longest bases on top, >> >>recent breakouts next, shorter bases in the middle, and stocks without >> >>bases at the bottom. This gives me a watch list for the week. I have >> >>bolded some stocks. These are stocks that are closest to breakouts and >> >>warrant closer watching. I try to review these several times during the >> >>day. (Note that some stocks show well on the list, but I really don't >care >> >>for the chart or something else about the stock. SMTC is an example of >one >> >>that I probably won't buy.) >> >> >> >>Note that I have 2 quant formulas I'm evaluating. Both formulas combine >> >>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called >"Old >> >>Quant" also gives credit for IGP rank (#1 gets more points than #2), >while >> >>the new one "New Quant" doesn't. I'm leaning towards sticking with the >new >> >>formula, but only using the top 20 industry groups. >> >> >> >>Trying to keep this somewhat up-to-date has been quite a challenge. I'm >> >>probably going to subscribe to DGO hoping I can accomplish this without >> >>much or all of the work, sometime in the near future. I'm also very >> >>interested in what on-line screening tools IBD is adding to their >website. >> >>I may wait on DGO until it becomes clear what capabilities they are >really >> >>going to offer (in "early" summer). >> >> >> >>Enjoy. >> >> >> >> >> >> >> >>- >> >> >> > >> >________________________________________________________________________ >> >Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com >> > >> > >> >- >> > >> > >> > >> >- >> > >> > >> > >> >> >> - >> > > >- > > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] In case you were wondering Date: 05 May 2000 22:04:03 -0400 From America-iNvest: For the week, the Dow Jones Industrial Average was down 1.4% to 10,577.9 while the S&P 500 lost 1.4% to 1,432.6. The Nasdaq composite index shed 1.1% to close at 3,860. Small-cap indices gained ground for the third consecutive week. The Russell 2000 index added 1.3% to 512.8, while America-iNvest.com's MicroCap1000 index posted a 1.1% gain to 1,503.3. Year-to-date, small-cap stocks are showing positive returns while large caps continue to struggle. The Russell 2000 is up 1.6% while the MicroCap1000 Index is at the break-even point. The Dow Jones Industrial Average is the year's biggest loser, down 8% since Dec. 31. The Nasdaq has fallen 6.2% and the S&P 500 is off by 2.5% for the year. Just a thought for you, much as I like micro and small caps: there are some that consider small cap performance as the final and most dreary end to a bull market. Personally, I think this nice three week performance is more a reflection of the extreme volatility, and the resulting induced fear, that has had a far greater affect on large and mid caps. Time will tell. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "John Adair" Subject: RE: [CANSLIM](BigEasy)Great Date: 05 May 2000 21:31:17 -0500 I can't believe the program is free. I am looking for the hook. Am I missing something. big easy even finds all candlestick patterns. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of walter nusbaum Sent: Friday, May 05, 2000 12:12 PM ----- Original Message ----- Sent: Friday, May 05, 2000 11:29 AM > Walt, you had a comma instead of a period before "com". Some browsers are > smart enough to substitute a period since commas are illegal in URLs; some > are not. . Tim, Thanks. Of all the stupid things! <:-( Best wishes, Walt - - ------------------------------------------------------------------------------- From: "John Adair" Subject: RE: [CANSLIM] Leaders List Spreadsheet Date: 05 May 2000 21:31:19 -0500 Your spread sheet is good. I find candlesticks are very good for reversals. It might be possible to use big easy instead of DGO every thing seems to be there. -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Friday, May 05, 2000 6:04 PM First of all, you are welcome. I'm trying to find a better solution that gets me this kind of data with less effort, and DGO may be the best answer out there. As far as the pivot points, I answered this in a response yesterday, but you are in luck!! I still have the outgoing mail, so I'll just do a quick copy and drop this in here - I calculate a "New High" pivot for each stock that I don't see a handle or a double bottom for. Generally I use closing numbers for this pivot. I check to see the highest closing price and then I select the next highest price in 1/4 point increments. If I notice a handle, then I update the pivot to the intraday high at the top of the handle. At 05:19 PM 5/5/00 +0300, you wrote: >Earl, >Since I was the one to originally ask that you let us all see your handiwork >(the excel program), let me thank you personally. (I was out of town for 2 >days, and didn't see it 'till today). > >It is clear to me that you invested a great deal of time and energy in this >'work in progress' and also in making it presentable to the group (i.e., >removing the ideosyncrancies that only the creator would understand). I, as >do we all, appreciate your hard work, and especially your generosity in >providing it to a bunch of 'strangers.' > >You may have explained it before, but can you explain how you arrived at the >pivot price? > >Still looking at bases, > >Tom >----- Original Message ----- >From: "Earl Setser" >To: >Sent: Friday, May 05, 2000 3:23 AM >Subject: RE: [CANSLIM] Leaders List Spreadsheet > > >> Here is a list of abbreviations from the Leaders List Spreadsheet >> >> Symb - Symbol >> Exch - Exchange >> Type - Type of pivot, handle, closing high, all-time high, or >double-bottom >> 5% - Pivot plus 5%, my highest allowed buy price >> 20% - Pivot minus 20%, a reminder I don't need to watch this one closely >> IGP - Industry Group Rank from IBD >> EPS - Earnings per Share >> RPS - Relative Price Strength >> SPR - Sales + Profits Margins + ROE rank >> A/D - Accumulation/Distribution rank >> IBD Chk Date - the last date the data for this stock was updated >> Spn - Sponsorship rank from IBD >> Spns Date - the last date for the sponsorship rank >> 50 ADV - 50 day Average Daily Volume for this stock >> >> At 07:02 AM 5/4/00 -0500, you wrote: >> >Forgive the question >> >What is the abbreviations on the heading of the leaders spread sheet?? >> > >> >Thanks >> > >> > >> > >> > >> >Dwayne P. Andras M >> >DeeAndras@cajun.net >> > >> > >> >-----Original Message----- >> >From: owner-canslim@lists.xmission.com >> >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia >> >Sent: Wednesday, May 03, 2000 10:58 PM >> >To: canslim@lists.xmission.com >> >Subject: Re: [CANSLIM] Leaders List Spreadsheet >> > >> > >> >Earl, >> > >> >Thanks so much for the spreadsheets. >> >Obviously you're busting your butt putting this information together. >> > >> >I am relatively new to investing and new to CANSLIM. I've been reading >these >> >posts for about a month and have read HTMMIS. >> > >> >I have found several members talking about DGO. Can you tell me what the >> >site is? I am under the impression that it is similar to stocktables.com >and >> >would like to have a site available that sorts data like IBD. >> > >> >In addition, I was attempting to analyze the numbers in your spreadsheet >and >> >would like clarification on a couple items. >> > >> >What is the significance of the pivot, 5% and 20% down numbers? >> >Is the pivot point a point of resistance to watch for? >> > >> >Thanks, Earl, I wish I had found this group before I invested some cash >in >> >April....I'm down 35% since mid March ...all tech stocks... >> > >> >I think you said you were 100% cash, but I'm holding, hoping for a >rebound >> >this fall... >> > >> >Dave Massaglia >> > >> > >> >> >> >>I had several requests for the spreadsheet I use to generate my leaders >> >>list. I didn't expect that amount of interest!! Thanks for the >> >>compliments and I'm glad several of you find it useful. I have decided >to >> >>go ahead and post the file on the CANSLIM FTP site. You can get the >file >> >>at: >> >> >> >>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls >> >> >> >>The following notes are what I originally wrote to one person, now >modified >> >>for a broader audience. This describes the spreadsheet and how I >generate >> >>it. >> >> >> >>The spreadsheet is a compilation of CANSLIM data on various stocks. I >get >> >>the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >> >>rankings of A-E. The Quant formulas are an attempt to combine all of >the >> >>rankings into a single ranking that will highlight the strongest stocks. >> >> >> >>I don't (generally) post my spreadsheet publicly. It is generally a >work >> >>in progress, and I also have a bunch of other worksheets included like >my >> >>CANSLIM performance, other investments, etc. I went ahead and deleted >the >> >>rest of the worksheets so you guys could get a copy and see what I'm >doing. >> >> I update the worksheet on most weekends, and try to make sure all of >the >> >>data is no more than one month old. This last weekend, I updated all of >> >>the EPS/RPS/SMR/Acc numbers since it's earnings season. >> >> >> >>The file I've uploaded is in a different order than the original list. >> >>After I generate the list, I do my own technical scan of each of the >> >>stocks. The "Technical Chart Status" column is my notes as of this last >> >>weekend. Then I re-sort the top 100 to put the longest bases on top, >> >>recent breakouts next, shorter bases in the middle, and stocks without >> >>bases at the bottom. This gives me a watch list for the week. I have >> >>bolded some stocks. These are stocks that are closest to breakouts and >> >>warrant closer watching. I try to review these several times during the >> >>day. (Note that some stocks show well on the list, but I really don't >care >> >>for the chart or something else about the stock. SMTC is an example of >one >> >>that I probably won't buy.) >> >> >> >>Note that I have 2 quant formulas I'm evaluating. Both formulas combine >> >>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called >"Old >> >>Quant" also gives credit for IGP rank (#1 gets more points than #2), >while >> >>the new one "New Quant" doesn't. I'm leaning towards sticking with the >new >> >>formula, but only using the top 20 industry groups. >> >> >> >>Trying to keep this somewhat up-to-date has been quite a challenge. I'm >> >>probably going to subscribe to DGO hoping I can accomplish this without >> >>much or all of the work, sometime in the near future. I'm also very >> >>interested in what on-line screening tools IBD is adding to their >website. >> >>I may wait on DGO until it becomes clear what capabilities they are >really >> >>going to offer (in "early" summer). >> >> >> >>Enjoy. >> >> >> >> >> >> >> >>- >> >> >> > >> >________________________________________________________________________ >> >Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com >> > >> > >> >- >> > >> > >> > >> >- >> > >> > >> > >> >> >> - >> > > >- > > > - - ------------------------------------------------------------------------------- From: "Matt Robinson" Subject: [CANSLIM] Congrats AMK Owners Date: 06 May 2000 00:40:13 -0400 Congratulations for all who bought the initially failing breakout back in April. I didn't like the looks of it back in February when I first saw it. I just checked a few stocks today (I am taking finals right now so its off and on watching, well I am somewhat in invested but mostly Complacently in Cash). My jaw dropped when I opened up my Clearstation bulk charts page with in on it. WOW Regards Matt __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: "Matt Robinson" Subject: [CANSLIM] M Date: 05 May 2000 22:19:50 -0400 Any market thoughts? I am kind of leary these days. Not necessarily from the technical backdrop, but from what lurks in the back. Now it may just be my perception, as I have done little research and don't keep track of it enough but: It seems that economic reports that have been coming out recently have been generally what could be considered "bad" for the market. Productivity wasn't as high as expected. Unemployment wasn't lower than every estimate, but it dropped below 4%. CPI (although its inaccuracies are well known, it will still be considered) higher than expect. Homes sales/construction higher than expected. Surprisingly low bearish sentiment at the April bottom. Further internet bankrupcies lumming? Higher rates in response to many of these items. And, you have the things people have been saying for years: like inflated earnings (DELL made more trading options for itself in a year 96-98, I forget than it did selling computers) and creative(invalid) valuation techniques. They say the "dumb" (inexperienced money) buys at the top, and as is obvious, EVERYONE seems to be getting into/already in/learing about "the stock market." Was April enough to scare people into realizing that 95-99 doesn't happen FOREVER? And just on a note of irony: I saw a college student daytrading on a library wireless computer today in the library. It wasn't even his. Long story how I knew what he was doing...........Will it become fitting irony that the two hedge fund titans (Soros and Tiger) are defeated at what they had dominated at for 30 years at what the end of what might be one of the largest bubbles of all time? These are just ramblings. And, I realize doomsayers have been saying many of these things for years. While it is easy for someone to say THERE will be a bear market at the end of this bull market without proving much in the way of intelligence and it hasn't happened for years, this same situation tends to repeat itself over and over. But, I think it is safe to say that we had "quite a runup" even in light of the dramatic GDP growth, productivity, and many of the currently economically immeasureable benefits technology has provided. Sorry for the length. But, any thoughts on the market short term (next few weeks), mid term (2-6 months), long term (6 months +)? Regards Matt I hate finals btw............if some of you are interested you might take a look at DSL stocks..........they have been doing decently well.............they are not CANSLIM, but I think they will do quite well depending on the NAZ as many have been looking a lot better recently, and DSL has outstripped expectations for residential deployment (versus cable). Most well known of these is probably CMTN. __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] M Date: 05 May 2000 23:06:36 -0600 I think the Market is very suspect at this time. There have been some breakouts that have held, but overall, many have failed, and leadership is hard to find. We've had 2 days up on the Nasdaq, but in the two lightest volume days of the year. IBD has all but proclaimed this last rally attempt dead, and I tend to agree. These are short term readings. As far as long term, that is just opinion, and WON suggests to watch the market for what it is doing, rather than what you think. Right now, the story it's telling sounds pretty weak to me. 100% cash again. Earl At 10:19 PM 5/5/00 -0400, you wrote: > >Any market thoughts? I am kind of leary these days. Not necessarily from the >technical backdrop, but from what lurks in the back. Now it may just be my >perception, as I have done little research and don't keep track of it enough >but: It seems that economic reports that have been coming out recently have >been generally what could be considered "bad" for the market. Productivity >wasn't as high as expected. Unemployment wasn't lower than every estimate, >but it dropped below 4%. CPI (although its inaccuracies are well known, it >will still be considered) higher than expect. Homes sales/construction >higher than expected. Surprisingly low bearish sentiment at the April >bottom. Further internet bankrupcies lumming? Higher rates in response to >many of these items. And, you have the things people have been saying for >years: like inflated earnings (DELL made more trading options for itself in >a year 96-98, I forget than it did selling computers) and creative(invalid) >valuation techniques. They say the "dumb" (inexperienced money) buys at the >top, and as is obvious, EVERYONE seems to be getting into/already in/learing >about "the stock market." Was April enough to scare people into realizing >that 95-99 doesn't happen FOREVER? > > And just on a note of irony: I saw a college student daytrading on a >library wireless computer today in the library. It wasn't even his. Long >story how I knew what he was doing...........Will it become fitting irony >that the two hedge fund titans (Soros and Tiger) are defeated at what they >had dominated at for 30 years at what the end of what might be one of the >largest bubbles of all time? > >These are just ramblings. And, I realize doomsayers have been saying many of >these things for years. While it is easy for someone to say THERE will be a >bear market at the end of this bull market without proving much in the way >of intelligence and it hasn't happened for years, this same situation tends >to repeat itself over and over. But, I think it is safe to say that we had >"quite a runup" even in light of the dramatic GDP growth, productivity, and >many of the currently economically immeasureable benefits technology has >provided. > >Sorry for the length. But, any thoughts on the market short term (next few >weeks), mid term (2-6 months), long term (6 months +)? > > >Regards >Matt > >I hate finals btw............if some of you are interested you might take a >look at DSL stocks..........they have been doing decently >well.............they are not CANSLIM, but I think they will do quite well >depending on the NAZ as many have been looking a lot better recently, and >DSL has outstripped expectations for residential deployment (versus cable). >Most well known of these is probably CMTN. > > >__________________________________________________ >Do You Yahoo!? >Talk to your friends online with Yahoo! Messenger. >http://im.yahoo.com > >- > > > - ------------------------------------------------------------------------------- From: "Dwayne Andras" Subject: RE: [CANSLIM](BigEasy)Great Date: 06 May 2000 07:51:10 -0500 What is the URL to Big Easy...I missed it. Dwayne P. Andras since commas are illegal in URLs; some > are not. . Tim, Thanks. Of all the stupid things! <:-( Best wishes, Walt - - - ------------------------------------------------------------------------------- From: "Matt Robinson" Subject: Re: [CANSLIM](BigEasy)Great Date: 06 May 2000 10:25:26 -0400 http://www.bigeasyinvestor.com/ ----- Original Message ----- Sent: Saturday, May 06, 2000 8:51 AM > What is the URL to Big Easy...I missed it. > > > > > > Dwayne P. Andras > > since commas are illegal in URLs; some > > are not. . > > Tim, > Thanks. Of all the stupid things! <:-( > Best wishes, > Walt > > > > > - > > > > - > > > > - __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: [CANSLIM](BigEasy)Great Date: 06 May 2000 09:20:33 -0500 ----- Original Message ----- Sent: Saturday, May 06, 2000 7:51 AM > What is the URL to Big Easy...I missed it. > Dwayne P. Andras http://www.bigeasyinvestor.com - ------------------------------------------------------------------------------- From: "Dwayne Andras" Subject: RE: [CANSLIM](BigEasy)Great Date: 06 May 2000 09:22:33 -0500 Thanks for the replies... for the url Dwayne P. Andras MSN, CCRN, RN, CS, ACNP, APRN DeeAndras@cajun.net -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of walter nusbaum Sent: Saturday, May 06, 2000 9:21 AM ----- Original Message ----- Sent: Saturday, May 06, 2000 7:51 AM > What is the URL to Big Easy...I missed it. > Dwayne P. Andras http://www.bigeasyinvestor.com - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List Date: 07 May 2000 09:38:41 -0400 Some encouraging news, the list this week reached 109, up from 80 last week and also up from the prior weeks of 72 and 79 As always, Bx = Base where x = nr of weeks. Stocks on the list are from those in the DG books where both RS and EPS are 80 or better; and the stocks were within 5% of their 12 month high during the prior week. All chart interpretations are my own, do your own due diligence. SKX - nice B1+ PCCC - forming the start of a base? BBRC - another possible base worth watching CDWC - B2 NBTY - B1+, short base on base possible DGX - B2 ELNT - possible handle forming to the cup, excellent CS elements TBL - B2+, failed b/o RC - B2, light volume DFXI - B4 CVG - failed b/o, returning to long base SHFL - broke out on Fri on volume, low priced small cap, may still be buyable depending on where you place the pivot point DYN - B1+, high PE for a utility AAON - B4 ICUI - B2 AZZ - base on base CHRW - trying to break out from a c&h NVLS - c&h, strong growth AES - two week handle on the cup Happy hunting, Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: Michelle Ashen Subject: Re: [CANSLIM] Leaders List Date: 07 May 2000 09:44:46 -0700 Tom Gumpel, PhD wrote: Please remove Michelle Ashen from the list > Earl, > I'm new to this list, and new to CANSLIM in general, but that's a great > list. > I assume that you use a spreadsheet to create the list; I'd be interested in > seeing it, if it's in the public domain. > I counted 33 stocks with good bases that were either developing or were well > developed. > Great time saver! > Tom > ----- Original Message ----- > From: "Earl Setser" > To: > Sent: Sunday, April 30, 2000 7:08 AM > Subject: [CANSLIM] Leaders List > > > Here is my latest "Leaders List". This list is assembled by taking stocks > > in the top 40 Industry Groups and generating a score for the stocks by > > combining IBD EPS, RPS, SPR rating, A/D rating, and Sponsorship rank. > > (Note that I have skipped the two or three Industry Groups in the Top 40 > > that are negative for the year.) I try to remove any stocks that are > being > > purchased from the list. The list is the top 100 (or so) stocks by score > > (in order, highest scores first). I monitor this list for technical > > signals to buy. This list represents strong stocks that you may want to > > watch, but they have not been reviewed for technical signals yet, so > PLEASE > > do your own DD before you buy. > > > > Personally, I've "tip-toed" back into the market a little the last few > > days. I am 33% invested at this point. Disclaimer: I own BBRC and MTSN > > (which just missed the list this week). > > > > QGENF > > TLGD > > TQNT > > PWAV > > QLGC > > SDLI > > DSPG > > ADCT > > PCCC > > TLCM > > AMCC > > CREE > > ALTR > > TECH > > PMCS > > PLMD > > FLEX > > LTRE > > TKLC > > BBRC > > TNL > > SMTC > > NT > > RMD > > IMPH > > NTAP > > PWER > > SNDK > > CDWC > > KING > > DY > > SCI > > PSEM > > XLTC > > CHP > > ELNT > > ERICY > > PLXT > > AMK > > KEI > > ANEN > > DRAM > > QCOM > > ADTN > > MCHP > > NEWP > > APH > > VOXX > > ADIC > > VTSS > > MCRL > > DFXI > > CMVT > > RFMD > > JBL > > WAT > > MXIM > > SILI > > NVLS > > DGX > > SUNW > > HH > > XLNX > > VSH > > ZOLL > > HC > > ASMI > > SFA > > AMKR > > NOK > > ELN > > SLR > > CTS > > ADI > > TER > > SAWS > > SBL > > ORBK > > AUDC > > AFCI > > ACTL > > VRI > > ESIO > > OCCF > > MIL > > ZOMX > > DIO > > GLW > > DITC > > SSTI > > MOLX > > DS > > PROX > > CGNX > > XETA > > AMAT > > MEAD > > STM > > EDMC > > CTV > > SANM > > > > > > > > - > > > > - - ------------------------------------------------------------------------------- From: Michelle Ashen Subject: Re: [CANSLIM] 'M' Date: 07 May 2000 10:01:07 -0700 Please remove my name Michelle Ashen from the mailing list Werner Vandewiele wrote: > Game over... for now. > > Lots of breakouts dropping back in the base. > > The Naz went to the 4000 area. That was the upper down trendline. That is > were we failed after several rally days on lighter and lighter volume. > Bearmarket countertrend rally. > > One must be very swift nowadays. I'm cash. For all of those who aren't I > hope I'm dead wrong. > > Positive is that we went down on volume lighter than yesterday. But it is > the leaders that you need to look at also. They tell the story. > > Regards, > > <<< Werner Vandewiele >>> > > - - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Leaders List Date: 07 May 2000 21:32:12 +0300 I never wrote such a thing! ----- Original Message ----- Sent: Sunday, May 07, 2000 7:44 PM > > > Tom Gumpel, PhD wrote: > Please remove Michelle Ashen from the list > > > Earl, > > I'm new to this list, and new to CANSLIM in general, but that's a great > > list. > > I assume that you use a spreadsheet to create the list; I'd be interested in > > seeing it, if it's in the public domain. > > I counted 33 stocks with good bases that were either developing or were well > > developed. > > Great time saver! > > Tom > > ----- Original Message ----- > > From: "Earl Setser" > > To: > > Sent: Sunday, April 30, 2000 7:08 AM > > Subject: [CANSLIM] Leaders List > > > > > Here is my latest "Leaders List". This list is assembled by taking stocks > > > in the top 40 Industry Groups and generating a score for the stocks by > > > combining IBD EPS, RPS, SPR rating, A/D rating, and Sponsorship rank. > > > (Note that I have skipped the two or three Industry Groups in the Top 40 > > > that are negative for the year.) I try to remove any stocks that are > > being > > > purchased from the list. The list is the top 100 (or so) stocks by score > > > (in order, highest scores first). I monitor this list for technical > > > signals to buy. This list represents strong stocks that you may want to > > > watch, but they have not been reviewed for technical signals yet, so > > PLEASE > > > do your own DD before you buy. > > > > > > Personally, I've "tip-toed" back into the market a little the last few > > > days. I am 33% invested at this point. Disclaimer: I own BBRC and MTSN > > > (which just missed the list this week). > > > > > > QGENF > > > TLGD > > > TQNT > > > PWAV > > > QLGC > > > SDLI > > > DSPG > > > ADCT > > > PCCC > > > TLCM > > > AMCC > > > CREE > > > ALTR > > > TECH > > > PMCS > > > PLMD > > > FLEX > > > LTRE > > > TKLC > > > BBRC > > > TNL > > > SMTC > > > NT > > > RMD > > > IMPH > > > NTAP > > > PWER > > > SNDK > > > CDWC > > > KING > > > DY > > > SCI > > > PSEM > > > XLTC > > > CHP > > > ELNT > > > ERICY > > > PLXT > > > AMK > > > KEI > > > ANEN > > > DRAM > > > QCOM > > > ADTN > > > MCHP > > > NEWP > > > APH > > > VOXX > > > ADIC > > > VTSS > > > MCRL > > > DFXI > > > CMVT > > > RFMD > > > JBL > > > WAT > > > MXIM > > > SILI > > > NVLS > > > DGX > > > SUNW > > > HH > > > XLNX > > > VSH > > > ZOLL > > > HC > > > ASMI > > > SFA > > > AMKR > > > NOK > > > ELN > > > SLR > > > CTS > > > ADI > > > TER > > > SAWS > > > SBL > > > ORBK > > > AUDC > > > AFCI > > > ACTL > > > VRI > > > ESIO > > > OCCF > > > MIL > > > ZOMX > > > DIO > > > GLW > > > DITC > > > SSTI > > > MOLX > > > DS > > > PROX > > > CGNX > > > XETA > > > AMAT > > > MEAD > > > STM > > > EDMC > > > CTV > > > SANM > > > > > > > > > > > > - > > > > > > > - > > > > > - > - ------------------------------------------------------------------------------- From: travis bolster Subject: [CANSLIM] Options trading Date: 07 May 2000 18:20:09 -0700 (PDT) Can anyone recommend a good book that explores option trading that is sort of on lines of WON's books. I know all the basic terminology, but want to learn specific criteria and strategy for trading options. Thanks, Travis __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: [CANSLIM] OFF TOPIC(Options trading) Date: 08 May 2000 07:42:50 -0500 ----- Original Message ----- Sent: Sunday, May 07, 2000 8:20 PM > Can anyone recommend a good book that explores option > trading that is sort of on lines of WON's books. I > know all the basic terminology, but want to learn > specific criteria and strategy for trading options. > > Thanks, > Travis Travis, Don't have a book for you, but these sites may be of interest to you: www.cboe.com www.coveredcalls.com www.ino.com www.optionfind.com www.optionstrategist.com www.optionscentral.com Best wishes, Walt - ------------------------------------------------------------------------------- From: Anna Sosis Subject: Re: [CANSLIM] DGO List Date: 08 May 2000 19:15:27 -0700 (PDT) --- Tom Worley wrote: > Some encouraging news, the list this week reached > 109, up from 80 > last week and also up from the prior weeks of 72 and > 79 > > As always, Bx = Base where x = nr of weeks. Stocks > on the list > are from those in the DG books where both RS and EPS > are 80 or > better; and the stocks were within 5% of their 12 > month high > during the prior week. All chart interpretations are > my own, do > your own due diligence. > > SKX - nice B1+ > PCCC - forming the start of a base? > BBRC - another possible base worth watching > CDWC - B2 > NBTY - B1+, short base on base possible > DGX - B2 > ELNT - possible handle forming to the cup, excellent > CS elements > TBL - B2+, failed b/o > RC - B2, light volume > DFXI - B4 > CVG - failed b/o, returning to long base > SHFL - broke out on Fri on volume, low priced small > cap, may > still be buyable depending on where you place the > pivot point > DYN - B1+, high PE for a utility > AAON - B4 > ICUI - B2 > AZZ - base on base > CHRW - trying to break out from a c&h > NVLS - c&h, strong growth > AES - two week handle on the cup > > Happy hunting, > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at > http://www.icq.com/icqhomepage.html > > > > > > - > __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: Anna Sosis Subject: [CANSLIM] ATSM Date: 08 May 2000 19:22:16 -0700 (PDT) Hi! Few weeks ago someone (I believe this was Tom) posted something about ATMS. Does anyone know WON ranking for its group: computer integrated systems. I know that the price is too low to be canslim, but it has held up very well during the last few weeks. What do you thinkÉ Anna __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] ATSM Date: 08 May 2000 21:13:02 -0600 Computer-Integrated Systems is ranked 53rd of 197 from today's paper. It also shows as 53 last Friday, and 20th 3 months ago. At 07:22 PM 5/8/00 -0700, you wrote: >Hi! > >Few weeks ago someone (I believe this was Tom) posted >something about ATMS. Does anyone know WON ranking >for its group: computer integrated systems. > >I know that the price is too low to be canslim, but it >has held up very well during the last few weeks. >What do you think=C9 > >Anna > >__________________________________________________ >Do You Yahoo!? >Send instant messages & get email alerts with Yahoo! Messenger. >http://im.yahoo.com/ > >- > > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: ATMS ( was Re: [CANSLIM] ATSM) Date: 08 May 2000 23:11:45 -0400 It has indeed held up well, Anna, something I would hope to see with a small/micro cap carrying RS/EPS of 98/98. SMR is sitting at a pretty nice "A", with GRS at a less respectable 86. Timeliness and U/D are an even less encouraging C/B. Volume and price gain today suggestive of a still buyable (for those risk takers that like this sector) breakout, but too early to be sure. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Monday, May 08, 2000 10:22 PM Hi! Few weeks ago someone (I believe this was Tom) posted something about ATMS. Does anyone know WON ranking for its group: computer integrated systems. I know that the price is too low to be canslim, but it has held up very well during the last few weeks. What do you think=C9 Anna __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: ATMS ( was Re: [CANSLIM] ATSM) Date: 09 May 2000 09:35:52 -0400 Earl, Tom, Thank you for the information. Anna - ------------------------------------------------------------------------------- From: Robert Subject: [CANSLIM] Acc/Dis Numbers Date: 09 May 2000 09:52:08 -0400 Here are the latest Acc/Dis Numbers: spreadsheet version: Date,A,B,C,D,E,a+b/A:E,E/A:E 4/18/00,616,2454,1452,1369,623,47%,10% 4/19/00,588,2378,1437,1389,651,46%,10% 4/20/00,674,2468,1484,1339,592,48%,9% 4/24/00,694,2525,1470,1333,558,49%,8% 4/25/00,691,2556,1460,1332,568,49%,8% 4/26/00,706,2495,1453,1320,580,49%,8% 4/27/00,798,2551,1431,1267,530,49%,8% 4/28/00,800,2563,1421,1250,534,49%,8% 5/1/00,803,2564,1409,1267,531,49%,8% 5/2/00,848,2610,1421,1231,489,52%,7% 5/3/00,882,2707,1409,1189,449,54%,7% 5/4/00,880,2661,1414,1213,461,53%,7% 5/5/00,835,2592,1434,1252,486,52%,7% Robert - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] Market Date: 09 May 2000 22:18:20 -0600 Just a stray observation - Seems like I am seeing a series of lower highs on the nasdaq - 3/10 was a new high, then next rally on 3/24 to lower level, 4/10 and 5/1 each lower highs on the next few rallies. Also, one of the most widely repeated sayings on wall street is don't fight the fed, and they have been in tightening mode for months, I wonder if the pending hike next week (seems like a foregone conclusion that it will be something, just a question of if it will be 0.25 or 0.50) might be enough to put a lid on the market for a few months. Contrary opinions always welcome, and I know that this isn't the old follow though - distribtution day type analysis, like I said just a couple of general observations. - ------------------------------------------------------------------------------- From: "Makara Tamás" Subject: [CANSLIM] Re: Market Date: 10 May 2000 08:18:55 +0200 By the way, there were two distribution days in the Naz in the last five trading days. Tamas > From: "Patrick Wahl" > Subject: [CANSLIM] Market > Date: 09 May 2000 22:18:20 -0600 > > Just a stray observation - Seems like I am seeing a series of lower > highs on the nasdaq - 3/10 was a new high, then next rally on 3/24 > to lower level, 4/10 and 5/1 each lower highs on the next few > rallies. > > Also, one of the most widely repeated sayings on wall street is > don't fight the fed, and they have been in tightening mode for > months, I wonder if the pending hike next week (seems like a > foregone conclusion that it will be something, just a question of if it > will be 0.25 or 0.50) might be enough to put a lid on the market for > a few months. > > Contrary opinions always welcome, and I know that this isn't the > old follow though - distribtution day type analysis, like I said just a > couple of general observations. > > - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: [CANSLIM] Re: Market Date: 10 May 2000 08:57:20 -0400 Which days do you consider to be 'distribution days'? The 3rd and the 9th (yesterday)? Anna Btw, from the Marder last night article: The Loquacious One, a West Coast money manager friend of mine who routinely bags triple-digit gains, checked in with me this a.m. expressing similar sobering sentiments about Cisco, Sun, Intel, and Oracle. He doesn't like the fact that these names broke their 50-day and haven't rallied convincingly since. "These are the last stocks holding up, and they will go next, it appears," he lamented. "All of this looks very ominous." Anna By the way, there were two distribution days in the Naz in the last five trading days. Tamas > From: "Patrick Wahl" > Subject: [CANSLIM] Market > Date: 09 May 2000 22:18:20 -0600 > > Just a stray observation - Seems like I am seeing a series of lower > highs on the nasdaq - 3/10 was a new high, then next rally on 3/24 > to lower level, 4/10 and 5/1 each lower highs on the next few > rallies. > > Also, one of the most widely repeated sayings on wall street is > don't fight the fed, and they have been in tightening mode for > months, I wonder if the pending hike next week (seems like a > foregone conclusion that it will be something, just a question of if it > will be 0.25 or 0.50) might be enough to put a lid on the market for > a few months. > > Contrary opinions always welcome, and I know that this isn't the > old follow though - distribtution day type analysis, like I said just a > couple of general observations. > > - - ------------------------------------------------------------------------------- From: Pritish Shah Subject: Re: [CANSLIM] Market Date: 10 May 2000 09:48:42 -0700 (PDT) Patrick, I agree we are seeing lower highs but we are also seeing higher lows (except for today). What does that mean? Well from what I have been studying and my limited knowledge from tradingmarkets.com, it basically means that we are forming a triangle (wedge?). Well it seems that we will be coming into a squeeze soon and we have to watch where the stock market goes from there. If the stock market gets out of the squeeze higher, then we are back into uptrend and the bear market will end. If the stock market gets out of the squeeze lower, then we are going to stay in the bear market a bit longer than anticipated. Now combine that with the astrological signs and we have this possibility May 26th (+/- 3 days) the stock market will see a dramatic turnaround. Well ofcourse, I was kidding about the last part but anyone care to comment on my opinion about the market direction Regards, Pritish 408-525-4263 On Tue, 9 May 2000, Patrick Wahl wrote: > Just a stray observation - Seems like I am seeing a series of lower > highs on the nasdaq - 3/10 was a new high, then next rally on 3/24 > to lower level, 4/10 and 5/1 each lower highs on the next few > rallies. > > Also, one of the most widely repeated sayings on wall street is > don't fight the fed, and they have been in tightening mode for > months, I wonder if the pending hike next week (seems like a > foregone conclusion that it will be something, just a question of if it > will be 0.25 or 0.50) might be enough to put a lid on the market for > a few months. > > Contrary opinions always welcome, and I know that this isn't the > old follow though - distribtution day type analysis, like I said just a > couple of general observations. > > - > > - ------------------------------------------------------------------------------- From: "Makara Tamás" Subject: [CANSLIM] Market Date: 10 May 2000 19:47:27 +0200 Yes. (And wouldn't be surprised if today proved to be the third one.) Regards, Tamas > From: asosis@ca.ibm.com > Subject: Re: [CANSLIM] Re: Market > Date: 10 May 2000 08:57:20 -0400 > > > > Which days do you consider to be 'distribution days'? The 3rd and the 9th > (yesterday)? > > Anna > - ------------------------------------------------------------------------------- From: Pritish Shah Subject: [CANSLIM] VIX Blues Date: 10 May 2000 10:36:32 -0700 (PDT) I got this from one of the email lists that I subscribe to. I liked it so much that I am forwarding it. Enjoy Pritish On a day like today, there's only one remedy.... Keller: The market's heading lower My money's running out The chat group that I'm in They just threw me out My dog has even turned on me For the stocks I put him in My future is behind me Got the VIX blues again. The VIX Blues My net worth's not improving A disaster's coming on. Storms cloud is a moving I know I'll get dumped on So what's the bother crying I need another plan I sure don't feel like working Got the VIX blues again. I stole a big appliance box >From my neighbors across the street Got a little cooler In which I'll store my treats The underpass on Highway One Attracts us homeless men I'll take my box and camp there Got them VIX Blues again. My computer it ain't working My utilities' been shut off Even country music songs They don't cheer me up. I lectured that old market And it lectured back to me The VIX has spooked me out And brought me to my knees. Guess this marks the bottom I just ran outta beer The VIX spiked out at 90 Now that's what I call fear. A rally's in the offing But for me its just a wish Cause now I try to feed myself Trying to catch fish. Bids starting at $7 for thousands of products - uBid.com http://click.egroups.com/1/3027/10/_/424229/_/957979504/ - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] O'Neil Date: 10 May 2000 20:59:25 -0600 Here is an article by William O'Neil at the CBS Marketwatch site. I have to say I didn't notice the behaviour he is talking about, although I think I know it when I see it. http://cbs.marketwatch.com/news/current/oneil.htx?source=htx/http 2_mw - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] O'Neil Date: 11 May 2000 07:48:27 -0700 What behavior might that be? Climax tops? I was in several climax tops and sold on a trailing stop. Pick any one of the optical networkers for example. Check out Ian Woodward's "Warriors" list - BVSN QCOM JDSU BOBJ SEBL MERQ FLEX SDLI SYMC LRCX CMVT EMLX QLGC ADBE POWI. Almost all of them had a climax top in late Feb. On 07:59 PM 5/10/00, Patrick Wahl Said: >Here is an article by William O'Neil at the CBS Marketwatch site. I >have to say I didn't notice the behaviour he is talking about, >although I think I know it when I see it. > >http://cbs.marketwatch.com/news/current/oneil.htx?source=htx/http >2_mw Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Wahl, Patrick" Subject: RE: [CANSLIM] O'Neil Date: 11 May 2000 10:18:54 -0600 Exactly, maybe I don't know what they look like, guess I expect them to be more pronounced than they were, because I was tracking many of the stocks you list below and didn't see anything suspicious, except that it was clear they couldn't maintain that rate of advance for too long. > -----Original Message----- > From: Tim Fisher [mailto:tim@OreRockOn.com] > Sent: Thursday, May 11, 2000 8:48 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] O'Neil > > > What behavior might that be? Climax tops? I was in several > climax tops and > sold on a trailing stop. Pick any one of the optical networkers for > example. Check out Ian Woodward's "Warriors" list - BVSN QCOM > JDSU BOBJ > SEBL MERQ FLEX SDLI SYMC LRCX CMVT EMLX QLGC ADBE POWI. > Almost all of them > had a climax top in late Feb. > > On 07:59 PM 5/10/00, Patrick Wahl Said: > >Here is an article by William O'Neil at the CBS Marketwatch site. I > >have to say I didn't notice the behaviour he is talking about, > >although I think I know it when I see it. > > > >http://cbs.marketwatch.com/news/current/oneil.htx?source=htx/http > >2_mw > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: RE: [CANSLIM] O'Neil Date: 11 May 2000 09:25:51 -0700 Craig posted an excellent analysis of the AOL climax top last spring. Many of those charts look like AOL's back then, volume and all. I guess I suspect a climax run anytime a chart goes parabolic on huge volume. On 09:18 AM 5/11/00, Wahl, Patrick Said: >Exactly, maybe I don't know what they look like, guess I expect them to be >more pronounced than they were, because I was tracking many of the stocks >you list below and didn't see anything suspicious, except that it was clear >they couldn't maintain that rate of advance for too long. > > > -----Original Message----- > > From: Tim Fisher [mailto:tim@OreRockOn.com] > > Sent: Thursday, May 11, 2000 8:48 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] O'Neil > > > > > > What behavior might that be? Climax tops? I was in several > > climax tops and > > sold on a trailing stop. Pick any one of the optical networkers for > > example. Check out Ian Woodward's "Warriors" list - BVSN QCOM > > JDSU BOBJ > > SEBL MERQ FLEX SDLI SYMC LRCX CMVT EMLX QLGC ADBE POWI. > > Almost all of them > > had a climax top in late Feb. > > > > On 07:59 PM 5/10/00, Patrick Wahl Said: > > >Here is an article by William O'Neil at the CBS Marketwatch site. I > > >have to say I didn't notice the behaviour he is talking about, > > >although I think I know it when I see it. > > > > > >http://cbs.marketwatch.com/news/current/oneil.htx?source=htx/http > > >2_mw > > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] O'Neil Date: 11 May 2000 22:07:49 -0700 I think one of the things that made the climax run stand out for me was owning some of them. I held CMVT and SEBL till the first week in March - just after the first dive. It was amazing the gains that came within a span of 30 days. Seeing that actual cash value in my account made the dips and rises far more dramatic. It's much harder for me to be as critical when I'm tracking the issues without the cash involvement. Perhaps what I need to do is assign a cash value to my stocks I'm tracking in addition to the percentage moves to give me a sense of the gravity of the breakouts and pullbacks. -Bill ----- Original Message ----- Sent: Thursday, May 11, 2000 9:18 AM > Exactly, maybe I don't know what they look like, guess I expect them to be > more pronounced than they were, because I was tracking many of the stocks > you list below and didn't see anything suspicious, except that it was clear > they couldn't maintain that rate of advance for too long. > > > -----Original Message----- > > From: Tim Fisher [mailto:tim@OreRockOn.com] > > Sent: Thursday, May 11, 2000 8:48 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] O'Neil > > > > > > What behavior might that be? Climax tops? I was in several > > climax tops and > > sold on a trailing stop. Pick any one of the optical networkers for > > example. Check out Ian Woodward's "Warriors" list - BVSN QCOM > > JDSU BOBJ > > SEBL MERQ FLEX SDLI SYMC LRCX CMVT EMLX QLGC ADBE POWI. > > Almost all of them > > had a climax top in late Feb. > > > > On 07:59 PM 5/10/00, Patrick Wahl Said: > > >Here is an article by William O'Neil at the CBS Marketwatch site. I > > >have to say I didn't notice the behaviour he is talking about, > > >although I think I know it when I see it. > > > > > >http://cbs.marketwatch.com/news/current/oneil.htx?source=htx/http > > >2_mw > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > > > - > > - ------------------------------------------------------------------------------- From: "Douglas L. Bower" Subject: [CANSLIM] VIX Blues Date: 12 May 2000 04:13:01 -0400 Stock market report Helium was up, feathers were down. Paper was stionery. Fluorescent tubing was dimmed in light trading.Knives were up sharply. Cows steered into a bull market.Pencils lost a few points. hicking equipment was trailing.Elevators rose while escalators continued their slow incline. Weights were up in heavy trading Light switches were off. Mining equipment hit rock bottem. Diapers remained unchanged.Shipping lines stayed at an even keel.The market for raisins dried up Coco Cola fizzed.Caterpillar stock inched up a bit. Sun peaked at mid day. Ballon prices were inflated.Scott Tissue touched a new bottem.And batteries exploded in an ettempt to recharge the market Know I know why I don't understand the stock market. From a "lurker" ---------------------------- I got this from one of the email lists that I subscribe to. I liked it so much that I am forwarding it. Enjoy Pritish On a day like today, there's only one remedy.... Keller: The market's heading lower My money's running out The chat group that I'm in They just threw me out My dog has even turned on me For the stocks I put him in My future is behind me Got the VIX blues again. - ------------------------------------------------------------------------------- From: "John Sparks" Subject: [CANSLIM] Internet Charting Service Date: 13 May 2000 06:46:17 EDT I am new to CANSLIM. Does anyone in the discussion group use dailygraphs? Is it worth the money? Can anyone recommend an internet site that provides comparable data to dailygraphs for free? Thanks John ________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Internet Charting Service Date: 13 May 2000 18:03:11 +0300 I use it, but it's about $2 a day. I don't have access to IBD where I am, so it's the fast and dirty way for me to do fundamental analysis. ----- Original Message ----- Sent: Saturday, May 13, 2000 1:46 PM > I am new to CANSLIM. Does anyone in the discussion group use dailygraphs? > Is it worth the money? Can anyone recommend an internet site that provides > comparable data to dailygraphs for free? > > Thanks > John > ________________________________________________________________________ > Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > > - > - ------------------------------------------------------------------------------- From: Carter Diggs Subject: [CANSLIM] Coming back after climax tops Date: 12 May 2000 11:19:20 -0400 The future of stocks that have had climax tops and are down now is of interest since some (for example QCOM) still have excellent fundamentals and RSI and are heavily held by institutions (see Friday IBD). In the recent article, WON says they "may not come back for years if ever". Of course they MAY not, but are less likely to "because" of the climax? ("Because" not necessarily implying cause and effect, but asking what the historical empirical data might show as well) Any thoughts will be appreciated. Along the same lines, thanks Pritish, Tim, Earl and Tom for your very helpful responses to my recent question about a future C&H for QCOM...the day after my post it became obvious that it was NOT forming the right side of a cup! It was particularly helpful to hear Earl and Tom clarify where to look for a pivot: the March peak for short term trading, the January (all time) peak for the long run. Thanks! Carter - ------------------------------------------------------------------------------- From: drd@2020.com (Dr. DiGirolamo) Subject: Re: [CANSLIM] Internet Charting Service Date: 13 May 2000 12:06:02 -0400 At 11:03 AM 05/13/2000 , you wrote: >----- Original Message ----- >From: "John Sparks" >To: >Sent: Saturday, May 13, 2000 1:46 PM >Subject: [CANSLIM] Internet Charting Service > > > > I am new to CANSLIM. Does anyone in the discussion group use dailygraphs? > > Is it worth the money? Can anyone recommend an internet site that >provides > > comparable data to dailygraphs for free? > > > > Thanks > > John > > Hi John, I have been using Daily Graphs for about 6 weeks now. I'll tell you, it's expensive, but it's awesome for the speedy evaluation of fundamental and technical analysis. Frankly, I use it more for fundamental analysis, as I also subscribe to the TC2000 (Worden Bros) charting service. I don't think you can beat the TC2000 program for technical analysis. In a fast moving market, I use both of these programs to assist in quick decision making. It has stopped me, in many cases, from making hasty decisions based on analysists'/message board opinions. A free demo version of the TC2000 software can be accessed by calling 800.776.4940. Even the free demo (a full version of the software) is incredible; and, if you don't know much about technical analysis, you pick it up gradually from their helpful comments -- tell em I sentcha [User # 277042] :) Regards, Mike Di Girolamo DrD@2020.com P.S. I have no financial interest in TC2000 or Daily Graphs. - ------------------------------------------------------------------------------- From: "John Lloyd" Subject: Re: [CANSLIM] Internet Charting Service Date: 13 May 2000 14:15:12 -0400 John, Try http://www.bigeasyinvestor.com/ for your charts and fundamentals, it's free. ----- Original Message ----- Sent: Saturday, May 13, 2000 6:46 AM > I am new to CANSLIM. Does anyone in the discussion group use dailygraphs? > Is it worth the money? Can anyone recommend an internet site that provides > comparable data to dailygraphs for free? > > Thanks > John > ________________________________________________________________________ > Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > > - > > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Internet Charting Service Date: 13 May 2000 15:13:34 -0400 Actually, you can cut that cost to less than $1.50 a day by subscribing to the Daily Graphs books (cheapest is one book, either NYSE or NASDAQ, per month - cost is $237/year) thus getting DGO (Daily Graphs Online, which is much better than the books as it is updated daily and has all stocks, not just the ones in the books) for only $299. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Saturday, May 13, 2000 11:03 AM I use it, but it's about $2 a day. I don't have access to IBD where I am, so it's the fast and dirty way for me to do fundamental analysis. ----- Original Message ----- Sent: Saturday, May 13, 2000 1:46 PM > I am new to CANSLIM. Does anyone in the discussion group use dailygraphs? > Is it worth the money? Can anyone recommend an internet site that provides > comparable data to dailygraphs for free? > > Thanks > John > _________________________________________________________________ _______ > Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > > - > - - ------------------------------------------------------------------------------- From: "Dave Massaglia" Subject: Re: [CANSLIM] Internet Charting Service Date: 13 May 2000 13:19:44 PDT One service I have enjoyed recently which does not display charts, but allows the user to sort stocks in a similar way to IBD criteria is stocktables.com. It has a free trial period and an opportunity to subscribe to its service. I don't know how much it costs as I am still in the free trial period. The service is an extension of pitbull.com, an site that slightly modifies WON's methods. > >Actually, you can cut that cost to less than $1.50 a day by >subscribing to the Daily Graphs books (cheapest is one book, >either NYSE or NASDAQ, per month - cost is $237/year) thus >getting DGO (Daily Graphs Online, which is much better than the >books as it is updated daily and has all stocks, not just the >ones in the books) for only $299. > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >----- Original Message ----- >From: Tom Gumpel >To: >Sent: Saturday, May 13, 2000 11:03 AM >Subject: Re: [CANSLIM] Internet Charting Service > > >I use it, but it's about $2 a day. >I don't have access to IBD where I am, so it's the fast and dirty >way for me >to do fundamental analysis. > >----- Original Message ----- >From: "John Sparks" >To: >Sent: Saturday, May 13, 2000 1:46 PM >Subject: [CANSLIM] Internet Charting Service > > > > I am new to CANSLIM. Does anyone in the discussion group use >dailygraphs? > > Is it worth the money? Can anyone recommend an internet site >that >provides > > comparable data to dailygraphs for free? > > > > Thanks > > John > > >_________________________________________________________________ >_______ > > Get Your Private, Free E-mail from MSN Hotmail at >http://www.hotmail.com > > > > > > - > > > > >- > > > >- > ________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com - ------------------------------------------------------------------------------- From: "Dave Massaglia" Subject: Re: [CANSLIM] Internet Charting Service Date: 13 May 2000 13:19:44 PDT One service I have enjoyed recently which does not display charts, but allows the user to sort stocks in a similar way to IBD criteria is stocktables.com. It has a free trial period and an opportunity to subscribe to its service. I don't know how much it costs as I am still in the free trial period. The service is an extension of pitbull.com, an site that slightly modifies WON's methods. > >Actually, you can cut that cost to less than $1.50 a day by >subscribing to the Daily Graphs books (cheapest is one book, >either NYSE or NASDAQ, per month - cost is $237/year) thus >getting DGO (Daily Graphs Online, which is much better than the >books as it is updated daily and has all stocks, not just the >ones in the books) for only $299. > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >----- Original Message ----- >From: Tom Gumpel >To: >Sent: Saturday, May 13, 2000 11:03 AM >Subject: Re: [CANSLIM] Internet Charting Service > > >I use it, but it's about $2 a day. >I don't have access to IBD where I am, so it's the fast and dirty >way for me >to do fundamental analysis. > >----- Original Message ----- >From: "John Sparks" >To: >Sent: Saturday, May 13, 2000 1:46 PM >Subject: [CANSLIM] Internet Charting Service > > > > I am new to CANSLIM. Does anyone in the discussion group use >dailygraphs? > > Is it worth the money? Can anyone recommend an internet site >that >provides > > comparable data to dailygraphs for free? > > > > Thanks > > John > > >_________________________________________________________________ >_______ > > Get Your Private, Free E-mail from MSN Hotmail at >http://www.hotmail.com > > > > > > - > > > > >- > > > >- > ________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List Date: 14 May 2000 05:41:34 -0400 Overall, the list remained about even with last week, a total of 103 stocks in the DG books were within 5% of their 12 month high for the week and also had RS/EPS of 80 or better on Friday. I am impressed by the number of these that not only held up well, but advanced nicely over the past several weeks. As always, Bx means Base where x = nr of weeks DY - possible c&h TBL - B3+, approaching pivot point FWRD - B1+ NBTY - B2 SCOR - B2 AZZ - at pivot point WDR - B8, range bound NVR - B2 COLM - B2+ ICUI - B3- COO - B2 AAON - B5 CUNO - B7? EE - B3 POOL - B2 FISV - B2+ CTK - B10, several failed b/o, erratic volume, low price ($15) AD - B3 LUX - at the pivot point AZR - B3 BWC - B2 Happy hunting, Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 15 May 2000 08:00:00 -0600 This is a twice monthly 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 three remedies for this problem: 1) You can leave our group. 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. Or, 3) You can setup customized filters on your own mail client to sort the incoming canslim messages to its own folder. If you wish to modify your canslim subscription, email a message 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@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] Vol on HGS stocks Date: 15 May 2000 14:14:37 -0700 Some nice moves by HGS stocks within 15% of their highs today on impressive volume. PLXS is the only one that managed to break out to a new high though. I suspect many breakouts will happen tomorrow if the NASDAQ rallies again on the Fed news. VSH and TER were featured in Cabot's newsletter last week. I'd expect them to pop given a good M. Does anyone know where we are on the f/t day watch? I'd guess we are on the third day following the retest of the lows so tomorrow is within the window, as was today. Vol on the NAZ today is weak but it was heavy in the stocks I watch. Maybe that presages something? Does vol pick up in the leaders of the next leg up before it picks up in the indices? From Upside Today: The Nasdaq composite index picked up 78.59, or 2.23 percent, to settle at 3607.65. Advancing issues outpaced decliners on the Nasdaq 2,152 to 1,885 on very low volume of 1.2 billion. My current watch list from HGS group 1 is below FYI. E: 80-99, R: 80-99, G: 80-99, A/D: ABC, price >= $10.00, within 15% of 52 week high, at least 2 times greater than the 52-week low, 50 day ADV >= 10k. AMK ASGN BJS CDWC CHCS CHP DFXI DY FAST HSM ICUI IMPH KP LTRE NSIT PCCC PLT PLXS POOL PWER RARE TNL VSH Discl: I own PLXS Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] FOMC Date: 15 May 2000 21:52:04 -0400 For what it's worth, I am expecting a 50 basis point hike on Tuesday. The Industrial Production and Capacity Utilization reports today offset some of the weaker reports last week, and tho the CPI is expected to be flat tomorrow (Housing Starts expected to be up), I don't think that can show enough slowing to avoid half a percent hike. It actually should be good for us, as the sentiment seems to be that half a percent means the Feds are close to being done with hikes, while 25 BP would mean a continual overhang of another pending rate hike. Average Weekly Earnings for April, also due out tomorrow morning, will give another clue on the direction of inflation, but I do not expect it to change the Fed decisions. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] FOMC Date: 15 May 2000 21:23:50 -0600 Does anyone know when the announcement will be made? I never know when its one of the two day meetings or a one day meeting. On 15 May 00, at 21:52, Tom Worley wrote: > For what it's worth, I am expecting a 50 basis point hike on > Tuesday. The Industrial Production and Capacity Utilization > reports today offset some of the weaker reports last week, and > tho the CPI is expected to be flat tomorrow (Housing Starts > expected to be up), I don't think that can show enough slowing to > avoid half a percent hike. It actually should be good for us, as > the sentiment seems to be that half a percent means the Feds are > close to being done with hikes, while 25 BP would mean a > continual overhang of another pending rate hike. > > Average Weekly Earnings for April, also due out tomorrow morning, > will give another clue on the direction of inflation, but I do > not expect it to change the Fed decisions. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > - > - ------------------------------------------------------------------------------- From: "Tim Fisher" Subject: Re: [CANSLIM] FOMC Date: 15 May 2000 20:24:54 -0700 Usually 2:15 PM Eastern, this is a 1-day mtg, methinks. At 09:23 PM 5/15/00 -0600, you wrote: >Does anyone know when the announcement will be made? I never >know when its one of the two day meetings or a one day meeting. > >On 15 May 00, at 21:52, Tom Worley wrote: > > > For what it's worth, I am expecting a 50 basis point hike on > > Tuesday. The Industrial Production and Capacity Utilization > > reports today offset some of the weaker reports last week, and > > tho the CPI is expected to be flat tomorrow (Housing Starts > > expected to be up), I don't think that can show enough slowing to > > avoid half a percent hike. It actually should be good for us, as > > the sentiment seems to be that half a percent means the Feds are > > close to being done with hikes, while 25 BP would mean a > > continual overhang of another pending rate hike. > > > > Average Weekly Earnings for April, also due out tomorrow morning, > > will give another clue on the direction of inflation, but I do > > not expect it to change the Fed decisions. > > > > Tom Worley > > stkguru@netside.net > > chat with me at ICQ # 5568838 > > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > > > > > > - > > > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] Wow you guys are dead or what? Date: 16 May 2000 14:29:14 -0700 OK I'll go first. NAZ closed up 3% on 1.49 billion, larger than yesterday's 1.2 billion but still under the ADV of 1.65 billion. This is on the fourth day following the retest of the intraday low. Even if the rally began last Thursday, this is the third day following the start. That's 333 pts. or 10% in 4 trading days. F/T day or not? Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] volume on splits? Date: 16 May 2000 17:05:58 -0500 Does the average volume calculation take into account stock splits? Suppose company XYZ had (bignumber) of shares outstanding the day before the split. Does IBD or any other system indicate a (misleading) sudden jump in volume the next day when 2(bignumber) would be a normal day? Seems like I would see the spike ripple through the various averages? Thanks Kent - ------------------------------------------------------------------------------- From: Rocky Sanghvi Subject: RE: [CANSLIM] Wow you guys are dead or what? Date: 16 May 2000 17:55:46 -0400 Good point. This is still not convincing volume although one of the first days in which an advancing day had a higher volume than a declining day. Volume was good from the word go and some leaders like SDLI, ADBE, MIL, ANDW have begun to emerge from the rubble. Have heard some technical analysts say that if we can break convincingly break 4000 then this baby has legs. If you look at momentum oscillators we have completed a W shape successfully. In a bear market - extreme caution is warranted. But also as per Mr. O'Neil - the greatest money is made at the beginning of a new bull market if this is indeed what it is. -----Original Message----- Sent: Tuesday, May 16, 2000 5:29 PM OK I'll go first. NAZ closed up 3% on 1.49 billion, larger than yesterday's 1.2 billion but still under the ADV of 1.65 billion. This is on the fourth day following the retest of the intraday low. Even if the rally began last Thursday, this is the third day following the start. That's 333 pts. or 10% in 4 trading days. F/T day or not? Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: "David Squires" Subject: Re: [CANSLIM] Wow you guys are dead or what? Date: 16 May 2000 20:02:06 -0700 Hi All, F/T is debatable IMO. Here are my reasons for saying this. 1) The Fed meeting set-up an abnormal volume pattern making it easier to get a F/T. Granted the price move was still there. 2) As you mentioned ADV is about 1.6 billion shares. I have never seen or heard of a follow through day on below ADV. 3) Very few bases setting up for fresh low risk buy signals. My list only contains 12 stocks, some of these bases are not exactly what you would want. TECH, CELG, EMBX, ELNT, STM,TLGD, ENE, HAKI, ALA, CORR, SAPE, SEPR. HAKI broke out on heavy volume today. Of these TECH look the best to me. The volume is clearly signaling lack of conviction from institutions. I will buy high volume breakouts but I will move slow and cut back size. No reason to rush if there are no pure CS set-ups. Good Trading DSquires ----- Original Message ----- Sent: Tuesday, May 16, 2000 2:29 PM > OK I'll go first. NAZ closed up 3% on 1.49 billion, larger than yesterday's > 1.2 billion but still under the ADV of 1.65 billion. This is on the fourth > day following the retest of the intraday low. Even if the rally began last > Thursday, this is the third day following the start. That's 333 pts. or > 10% in 4 trading days. > > F/T day or not? > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: TECH (was Re: [CANSLIM] Wow you guys are dead or what?) Date: 16 May 2000 22:21:16 -0400 Hi David, I don't recall the last time I saw such a long and persistent insider selling pattern on a stock. I also note that earnings are up very strongly but sales are only barely growing. May be a shift to higher profit margin product lines, or may be cost cutting/containment. I would be sure which before jumping into it. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 16, 2000 11:02 PM Hi All, F/T is debatable IMO. Here are my reasons for saying this. 1) The Fed meeting set-up an abnormal volume pattern making it easier to get a F/T. Granted the price move was still there. 2) As you mentioned ADV is about 1.6 billion shares. I have never seen or heard of a follow through day on below ADV. 3) Very few bases setting up for fresh low risk buy signals. My list only contains 12 stocks, some of these bases are not exactly what you would want. TECH, CELG, EMBX, ELNT, STM,TLGD, ENE, HAKI, ALA, CORR, SAPE, SEPR. HAKI broke out on heavy volume today. Of these TECH look the best to me. The volume is clearly signaling lack of conviction from institutions. I will buy high volume breakouts but I will move slow and cut back size. No reason to rush if there are no pure CS set-ups. Good Trading DSquires ----- Original Message ----- Sent: Tuesday, May 16, 2000 2:29 PM > OK I'll go first. NAZ closed up 3% on 1.49 billion, larger than yesterday's > 1.2 billion but still under the ADV of 1.65 billion. This is on the fourth > day following the retest of the intraday low. Even if the rally began last > Thursday, this is the third day following the start. That's 333 pts. or > 10% in 4 trading days. > > F/T day or not? > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - - ------------------------------------------------------------------------------- From: Walter Stock Subject: Re: [CANSLIM] Wow you guys are dead or what? Date: 17 May 2000 13:56:00 -0400 Hi David, Welcome back. Also, thank you for your list. Some familiar names, and ELNT, TLGD, and SAPE show up on my candidate-list as well. I think IDB agrees with your assessment of the follow-through day. Lacklustre F/T to say the least. From today's (Wednesday's) IBD "Big Picture" column: "The market began a new rally Thursday. On the surface, the Nasdaq and Dow appeared to confirm this latest attempt with Tuesday's better-than-1% increase on higher volume than the day before. But such follow-through confirmations require a little more analysis these days. In this volatile era, a few mutual fund families can easily run up the averages for a few days with their massive buying power. What they can't do is fake the larger volume picture or chart patterns on hundreds of potential leaders. Neither point to a new bull market. As noted above, Tuesday's higher volume fell short of the 50-day average. Check bear markets back to the 1970's, and none ever ended with a follow-through on below-average trading." Have been 100% cash for several months now, and am so today. Am still busy tracking industry groups and stocks, looking for some kind of leadership to emerge. Walter Stock Oakville, ON, Canada David Squires wrote: > Hi All, > > F/T is debatable IMO. Here are my reasons for saying this. > > 1) The Fed meeting set-up an abnormal volume pattern making it easier to get > a F/T. Granted the price move was still there. > 2) As you mentioned ADV is about 1.6 billion shares. I have never seen or > heard of a follow through day on below ADV. > 3) Very few bases setting up for fresh low risk buy signals. My list only > contains 12 stocks, some of these bases are not exactly what you would want. > TECH, CELG, EMBX, ELNT, STM,TLGD, ENE, HAKI, ALA, CORR, SAPE, SEPR. HAKI > broke out on heavy volume today. Of these TECH look the best to me. > > The volume is clearly signaling lack of conviction from institutions. I will > buy high volume breakouts but I will move slow and cut back size. No reason > to rush if there are no pure CS set-ups. > > Good Trading > DSquires > > ----- Original Message ----- > From: "Tim Fisher" > To: > Sent: Tuesday, May 16, 2000 2:29 PM > Subject: [CANSLIM] Wow you guys are dead or what? > > > OK I'll go first. NAZ closed up 3% on 1.49 billion, larger than > yesterday's > > 1.2 billion but still under the ADV of 1.65 billion. This is on the fourth > > day following the retest of the intraday low. Even if the rally began > last > > Thursday, this is the third day following the start. That's 333 pts. or > > 10% in 4 trading days. > > > > F/T day or not? > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > > > - - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] No follow through IMO Date: 17 May 2000 16:59:18 -0700 I don't see any breakout, let alone a follow through. None of the up day= s have the convincing volume of an upturn, to me. Just my 2=A2 (which is about = all I have left :-o) -Jim-- - ------------------------------------------------------------------------------- From: "david lawson" Subject: Re: [CANSLIM] Date: 19 May 2000 11:44:30 -0400 testing.testing. 1 2 3 testing.Just making sure I'm still getting canslim e-mail. ari - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] Date: 19 May 2000 11:26:39 -0500 TEST OK david lawson wrote: > > testing.testing. 1 2 3 testing.Just making sure I'm still getting canslim > e-mail. > > ari > > - - ------------------------------------------------------------------------------- From: "Wahl, Patrick" Subject: RE: [CANSLIM] Date: 19 May 2000 11:18:18 -0600 I think the silence is the group's vote on the state of the market, which would seem to be properly bearish. I only briefly looked at a few charts yesterday, but I think I am beginning to see even ORCL and SUNW trail off a bit, and CSCO has been showing quite a bit of weakness, and these have obviously been the leaders of the previous price run up that began in Oct. (CSCO more of a leader for several years). The fed seems to still be in a tightening mode even after this week's half point hike, so it appears that they really want to see this economy slow down. This might mean that the market isn't going to go anywhere until the fed changes its bias to neutral. ( one of you fed watchers can correct this if I'm off on what the fed is up to.) > -----Original Message----- > From: david lawson [mailto:arilaw@home.com] > Sent: Friday, May 19, 2000 9:45 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] > > > testing.testing. 1 2 3 testing.Just making sure I'm still > getting canslim > e-mail. > > ari > > > - > - ------------------------------------------------------------------------------- From: sjs7b Subject: RE: [CANSLIM] Date: 19 May 2000 13:24:14 -0400 -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of david lawson Sent: Friday, May 19, 2000 11:45 AM testing.testing. 1 2 3 testing.Just making sure I'm still getting canslim e-mail. ari Test successful, though markets are down and so are most of the canslim stocks. Here is news from cbsmw: NEW YORK (CBS.MW) -- Internet backbone stocks fell sharply Friday, mirroring a broad decline in the technology sector as investors remained concerned about high valuations and future Fed tightenings. Merrill Lynch's Internet Architecture Holdrs (IAH: news, msgs), a basket of 20 stocks that supply the nuts and bolts of the Internet, fell 3.3 percent and is off 12.1 percent since it began trading in late February. The Nasdaq Composite dropped 123 points, or 3.5 percent, to 3,415 in midday dealings while the Nasdaq 100 index fell 122 points, or 3.6 percent, to 3,304. "The market is now realizing that the Fed will be more aggressive in tightening than previously thought and that price-to-earnings ratios still need to come down," said Mike Vogelzang, president and chief investment officer at Boston Advisors. A crack in the market's big names, such as Cisco Systems (CSCO: news, msgs), signals that there's more downward pressure in the offing, Vogelzang added. Cisco, a bellwether for the tech sector, fell 2 9/16 to 52 13/16 Friday. The stock is off 35.7 percent from its 52-week high of 82. Among the downside movers in Merrill's Internet Architecture Holdrs were shares of Sycamore Networks (SCMR: news, msgs), off 8 1/2 to 83 3/4, and Ciena (CIEN: news, msgs), down 13 5/16 to 124. The declines came in the face of better-than-expected earnings results, which both companies revealed after the close Thursday. Ciena weighed in with second-quarter earnings of 12 cents per share, beating the First Call estimate of 10 cents a share. See full story. And Sycamore Networks made 5 cents a share in its third quarter, surpassing the First Call estimate by 2 cents a share. Network Appliance (NTAP: news, msgs) also fell, albeit more modestly, losing 1 5/8 to 67 3/8. The company registered fourth-quarter earnings of 7 cents a share late Thursday, which compared to the First Call estimate of 6 cents a share. - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] FOMC, and the June meeting Date: 19 May 2000 22:22:41 -0400 A few days ago, I posted that I expected the Feds to hike by half a percent. I was too late in that opinion to bother you with my opinion, as it was already the consensus by then. Took me too long to make up my mind, and the stability I expected in the markets after an aggressive hike only lasted a day or two. After that, excessive valuations of tech stocks, and further hikes by the Feds, seemed to take hold as the comment of the day. So I'll go out on a limb and report my expectations that the Feds will take no further action at the June meeting. Yeah, I know, I'm being a #@%$#@ contrarian again, oh well. But I do actually have my reasons: The Feds like to skip a meeting to see the effects of the last hike, they didn't have that luxury this last time All the chatter today seems to be centered around blaming the latest growing trade deficit report, but what part of "MARCH REPORT" are they not grasping? Hellllloooo, it's now mid May, it's stale dated info, and was unaffected by both the half point, and the prior qtr pt, hikes. In saner times, this report would be given no significance at all, or very little at best. I have seen some evidence that the cumulative effect of even the regular qtr pt hikes are having finally some impact on the economy. I think that the half pt was as much for short term "show" as it was for longer term "effect". Remember, the Feds are typically nowadays looking forward 9 to 12 months. Following the last correction, we did not see the "bottom fishers" (value shoppers) plunging blindly back into the market. Even the institutional managers seem to have decided to keep their powder dry. So we have ridiculously low volumes (by the standards of recent months) with volatility further increased by the lack of volume. But this money sitting on the sidelines does not appear to be rushing into bonds for any long term investment, rather I suspect it's mostly sitting in very short term money market instruments. Consumer sentiment seems to have slowed, tho still strong, as the newer investors realize they can actually lose money by buying some stock "in the news". They can even buy a market leader, and lose money. Oh, gosh. Some stocks, Corning is a good example, have done very well for the long (or even mid) term investor. Yet I see advisories (from even my own firm, they don't listen to me) to take profits, or reduce the percentage this company now holds in a "model" portfolio. Now that's logical, if it only had not tripled in less than a year, it's percentage in the "model" would be so much lower, and they wouldn't have to sell it now. Pluueezzzeeee! I think I should develop a "confusion" index as a new measure of "M"!! Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - part one Date: 20 May 2000 08:44:16 -0400 Despite the volatility of the past week, and all indexes closing down, the DGO List still showed solid growth, certainly encouraging to me. Meeting the standard of being in the DG books; RS/EPS both 80 or better; and within 5% of the 12 month high were a total of 131 stocks compared to 103 the prior week. For the three preceding weeks, the totals were 109; 80; and 72; so it appears there is a growing trend for CANSLIMers. Watch my comments below for the new leadership. As always, Bx means Base of x weeks duration, IMHO. TLGD - Thursday's b/o attempt failed Friday, but well worth watching PWR - B2 ATMS - back to its base (warning, my favorite, small cap, low priced) CDWC - consolidating recent gains, worth watching PCCC - nothing, not even "M", is stopping this one FORR - B2 ADCT - another sturdy performer despite "M" SKX - B1 BFCI - at pivot point on declining volume, which will tell the tale LTRE - new high last week on volume TNL - volatile B3 PWER - B1 IFIN - B2 DFXI - base on base? SGR - B1 PLXS - volatile LLUR DYN - B1 OCA - B2, consistent growth PENG - B3, impressive growth DLTR - back to its base RARE - B1 AAON - ascending B6 FII - another LLUR, B3 on sharply declining volume RHI - B3 ICUI - B2 KSS - possible double bottom SCOR - B3 EE - B4 Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: sjs7b Subject: RE: [CANSLIM] DGO List - part one Date: 20 May 2000 09:08:45 -0400 thanks tom as always for sharing all this info with all. just curious, there is just one "warning" in part one. if you stay fully invested, i will expect you to post at least five of those in part two..... regards surindra -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, May 20, 2000 8:44 AM Despite the volatility of the past week, and all indexes closing down, the DGO List still showed solid growth, certainly encouraging to me. Meeting the standard of being in the DG books; RS/EPS both 80 or better; and within 5% of the 12 month high were a total of 131 stocks compared to 103 the prior week. For the three preceding weeks, the totals were 109; 80; and 72; so it appears there is a growing trend for CANSLIMers. Watch my comments below for the new leadership. As always, Bx means Base of x weeks duration, IMHO. TLGD - Thursday's b/o attempt failed Friday, but well worth watching PWR - B2 ATMS - back to its base (warning, my favorite, small cap, low priced) CDWC - consolidating recent gains, worth watching PCCC - nothing, not even "M", is stopping this one FORR - B2 ADCT - another sturdy performer despite "M" SKX - B1 BFCI - at pivot point on declining volume, which will tell the tale LTRE - new high last week on volume TNL - volatile B3 PWER - B1 IFIN - B2 DFXI - base on base? SGR - B1 PLXS - volatile LLUR DYN - B1 OCA - B2, consistent growth PENG - B3, impressive growth DLTR - back to its base RARE - B1 AAON - ascending B6 FII - another LLUR, B3 on sharply declining volume RHI - B3 ICUI - B2 KSS - possible double bottom SCOR - B3 EE - B4 Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part 2 Date: 20 May 2000 18:07:24 -0400 WARNING WARNING WARNING WARNING WARNING (sorry, Surindra made me do it) Buying the wrong stock can be hazardous to your financial health. Now, on to the review of the second half of the list, hopefully it's as good as the first. CPS - b/o failed, returning to B2 EXPD - B2, recent dividend increase UCBH - B1 EQT - not much of a base, but nice chart and impressive growth KP - B1 GNWR - B3 VRI - B4, declining volume PFE - 2nd b/o from B2 in progress, below pivot AD - B4 DOV - B6 LUX - 14 week trading range, declining volume MFC - B4, declining volume EAT - B4 APA - B1 CBM - B5, growth not that impressive BWC - B3 On leadership, I see many stocks in the oil and gas service related groups showing up on this list with fine CS elements and charts. With the likelihood that crude oil prices will be maintained for an extended period at current levels, it is likely this group will benefit as it is now economical for new fields to be developed, and older fields to be reactivated. This group went thru some hard times with low crude prices, so have easy earnings comparisons for some time to come. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: Robert Subject: [CANSLIM] Acc/Dis Numbers Date: 20 May 2000 22:30:56 -0400 Here are the latest Acc/Dis Numbers. I have been having a problem posting to the group. There is something wrong with the email program I am using and I keep getting this email returned from the list manager. Sorry, about the delay but I'm not sure exactly whats up. Date A B C D E a+b/A:E E/A:E 5/1/00 803 2564 1409 1267 531 51% 8% 5/2/00 848 2610 1421 1231 489 52% 7% 5/3/00 882 2707 1409 1189 449 54% 7% 5/4/00 880 2661 1414 1213 461 53% 7% 5/5/00 835 2592 1434 1252 486 52% 7% 5/9/00 886 2616 1409 1225 479 53% 7% 5/10/00 888 2622 1375 1242 479 53% 7% 5/11/00 869 2601 1375 1248 500 53% 8% 5/12/00 822 2495 1369 1299 552 51% 8% 5/15/00 879 2506 1357 1280 528 52% 8% 5/16/00 879 2544 1340 1258 529 52% 8% 5/17/00 917 2564 1356 1234 511 53% 8% 5/18/00 945 2607 1319 1222 465 54% 7% 5/19/00 908 2606 1318 1243 467 54% 7% 5/22/00 895 2567 1348 1232 497 53% 8% Spreadsheet version: Date,A,B,C,D,E,a+b/A:E,E/A:E 5/1/00,803,2564,1409,1267,531,51%,8% 5/2/00,848,2610,1421,1231,489,52%,7% 5/3/00,882,2707,1409,1189,449,54%,7% 5/4/00,880,2661,1414,1213,461,53%,7% 5/5/00,835,2592,1434,1252,486,52%,7% 5/9/00,886,2616,1409,1225,479,53%,7% 5/10/00,888,2622,1375,1242,479,53%,7% 5/11/00,869,2601,1375,1248,500,53%,8% 5/12/00,822,2495,1369,1299,552,51%,8% 5/15/00,879,2506,1357,1280,528,52%,8% 5/16/00,879,2544,1340,1258,529,52%,8% 5/17/00,917,2564,1356,1234,511,53%,8% 5/18/00,945,2607,1319,1222,465,54%,7% 5/19/00,908,2606,1318,1243,467,54%,7% 5/22/00,895,2567,1348,1232,497,53%,8% Robert __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: FBNAirPLT s Subject: [CANSLIM] Acc-Dis Numbers Date: 20 May 2000 19:32:37 -0700 (PDT) Here are the latest Acc/Dis Numbers. I have been having a problem posting to the group. There is something wrong with the email program I am using and I keep getting this email returned from the list manager. Sorry, about the delay but I’m not sure exactly whats up. Date A B C D E a+b/A:E E/A:E 5/1/00 803 2564 1409 1267 531 51% 8% 5/2/00 848 2610 1421 1231 489 52% 7% 5/3/00 882 2707 1409 1189 449 54% 7% 5/4/00 880 2661 1414 1213 461 53% 7% 5/5/00 835 2592 1434 1252 486 52% 7% 5/9/00 886 2616 1409 1225 479 53% 7% 5/10/00 888 2622 1375 1242 479 53% 7% 5/11/00 869 2601 1375 1248 500 53% 8% 5/12/00 822 2495 1369 1299 552 51% 8% 5/15/00 879 2506 1357 1280 528 52% 8% 5/16/00 879 2544 1340 1258 529 52% 8% 5/17/00 917 2564 1356 1234 511 53% 8% 5/18/00 945 2607 1319 1222 465 54% 7% 5/19/00 908 2606 1318 1243 467 54% 7% 5/22/00 895 2567 1348 1232 497 53% 8% Spreadsheet version: Date,A,B,C,D,E,a+b/A:E,E/A:E 5/1/00,803,2564,1409,1267,531,51%,8% 5/2/00,848,2610,1421,1231,489,52%,7% 5/3/00,882,2707,1409,1189,449,54%,7% 5/4/00,880,2661,1414,1213,461,53%,7% 5/5/00,835,2592,1434,1252,486,52%,7% 5/9/00,886,2616,1409,1225,479,53%,7% 5/10/00,888,2622,1375,1242,479,53%,7% 5/11/00,869,2601,1375,1248,500,53%,8% 5/12/00,822,2495,1369,1299,552,51%,8% 5/15/00,879,2506,1357,1280,528,52%,8% 5/16/00,879,2544,1340,1258,529,52%,8% 5/17/00,917,2564,1356,1234,511,53%,8% 5/18/00,945,2607,1319,1222,465,54%,7% 5/19/00,908,2606,1318,1243,467,54%,7% 5/22/00,895,2567,1348,1232,497,53%,8% Robert __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] capitulation Date: 21 May 2000 00:10:15 -0700 How do any of you factor capitulation into the currect market sentiment [people throwing in the towel tends to be a contrary indicator that the bear is ending]? I haven't been buying IBD lately, and I never seriously read the psychological indicators anyhoo...just idle chitchat since most seem to be on the sidelines waiting things out (or have you already thrown in the towel too?). -Jim the-pauper - ------------------------------------------------------------------------------- From: "Douglas L. Bower" Subject: [CANSLIM] VectorVest Date: 21 May 2000 05:02:23 -0400 Does anyone have any insight or practical experience with VectorVest? (www.vectorvest.com) Definately not CANSLIM but I'm wondering how accurate their claims are regarding market timing. Currently watching PWER and PCCC. Mostly a lurker. - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] IBD Weekend Review wish list Date: 21 May 2000 12:16:28 -0500 After looking at all the stocks listed in the 5-19-2000 IBD, I have made a wish list. DISCLAIMER: I don't own any of these yet (but may soon). FIRST STRING - AMK FCN NSIT ACLNF SHFL NOC AZZ TGH SECOND STRING - SKX AE CHP BFCI SGR CTBP MGG PWER GBL DYN CGP KP DFXI - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: [CANSLIM] My watch list Date: 21 May 2000 21:59:04 +0300 Friends, Below you will find my watch list. To be eligible for the list, I was looking for several factors: 1) strict adherence to CANSLI parameters (although I was lax on the institutional accumulation/distribution for obvious reasons, to be described below) 2) a strong base with a narrowing of trading ranges at least 5 weeks old 3) a dry up of volume (during that time - hence the lax attitude on the I) 4) some of them have already started to go up out of their base, with increased volume 5) some of them are even positioning themselves for either a breakout our a breakdown. I go through this process every week (it keeps me off the streets), and I have been following a bunch of these for a while. There are some obvious duplicate entries with Tom's list from yesterday. Caveat emptor! APEX Apex Inc BVF Biovail Corporation CHKP Check Point Softwar Tech CMVT Comverse Technology CREE Cree Inc CGII Cunningham Graphics Intl DRAM Dataram Corp DV Devry Inc DYN Dynegy Inc Cl A FORR Forrester Research Inc HAKI Hall Kinion & Assc Inc ITWO I Two Technologies INFY Infosys Technologies Ads JDSU J D S Uniphase Corp KCP Kenneth Cole Productions LEH Lehman Bros Holdings Inc MRCY Mercury Computer System MERQ Mercury Interactive Corp MCRL Micrel Inc NTAP Network Appliance Inc NASI North Amer Scientific PMCS P M C - Sierra Inc QGENF Qiagen Nv QLGC Qlogic Corp RFMD R F Micro Devices Inc RSAS R S A Security Inc SPW S P X Corp SAWS Sawtek Inc SRNA Serena Software Inc SILI Siliconix Inc TKLC Tekelec VRTS Veritas Software Corp WAT Waters Corp XETA Xeta Technologies Inc Cheers, Tom - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] FOMC, and the June meeting Date: 21 May 2000 13:28:43 -0600 On 19 May 00, at 22:22, Tom Worley wrote: > So I'll go out on a limb and report my expectations that the Feds > will take no further action at the June meeting. Yeah, I know, > I'm being a #@%$#@ contrarian again, oh well. I think you are probably correct. I would think they need time to see what effects the recent hike has, and that isn't going to show up in one months time. Mortgage rates were already at 5 year highs before the half point hike, so things may begin to slow a bit with this final bump. - ------------------------------------------------------------------------------- From: "Dave" Subject: [CANSLIM] No Clear Leaders Date: 21 May 2000 20:59:26 -0700 Hi All, Of the 12 stocks mentioned last week 6 either failed in their bases or attempted to breakout on failed. To me, this is horrible action. I have a new list this week and it is shirking...also not good. ELNT - acting very good. Strong earnings forecasts. ISSI - choppy handle but no real selling evident. EMBX - I would like more growth here but I can't argue with the chart. Price/volume action is great. Needs a handle. ENE - Slower growth but I except that in a big cap stock. There is a big "new" here .....trading internet bandwidth. Chart is nice and tight. TLGD - Although it did not follow through on its most recent breakout attempt, it could make a handle here which would set it up nicely. RS new high as tech got crushed last week. That's all I could find that is actually buyable tomorrow with a low risk stop. Miscellaneous observations. Friday I saw distribution in the leading bellweathers (as Patrick previously noted). This is typically not a good sign as fund managers liquidate their sacred cows to raise cash. However, many times this happens at the end of a correction. SUNW, ORCL EMC, NOK, CSCO, QCOM, INTC all came under distribution on Friday. Options players are getting bearish, which may suggest a rally. Consensus has 19% bulls which is very positive. The AAII survey has 35% bulls and 41% bears....pretty good. Investor's Intelligence has 49% bulls and 33.6% bears, still to bullish to be positive. Next weeks survey will be interesting. Some very constructive stocks failed to the downside or came under distribution on Friday. Specifically, CIEN and SDLI. GLW was able to hold up. They are all in the Optical networking group. I see no clear leadership but lots of rotation. Volume remain the critical ingredient to any NASDAQ rally, IMO. Still 100% in cash! Good Trading, Dave Squires - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Asia Markets Date: 21 May 2000 21:13:40 -0400 Looks like they're getting hit hard, Japan opened flat, now down nearly 3.4% Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "Dave" Subject: [CANSLIM] Link to O'Neil's new book? Date: 21 May 2000 21:39:57 -0700 Hi All, Could someone please send me the "24 Lessons" link. Thanks DSquires - ------------------------------------------------------------------------------- From: sjs7b Subject: RE: [CANSLIM] Asia Markets Date: 21 May 2000 22:38:28 -0400 that is good news if you are in cash or are shorting. unfortunately, i never did it so far. so we will see markets down at least at the open. time to buy if you have $$. tom, that is so nice of you to keep us updated. regards and have a nice week ahead. surindra Australia All Ordinaries ^AORD 10:32PM 2967.1 -38.3 -1.27% China Shanghai Composite ^SSEC 10:32PM 1793.902 +16.074 +0.90% Hong Kong Hang Seng ^HSI 10:32PM 14088.71 -389.55 -2.69% India BSE 30 ^BSESN May 19 4068.65 -123.79 -2.95% Indonesia Jakarta Composite ^JKSE 10:31PM 506.301 -3.104 -0.61% Japan Nikkei 225 ^N225 10:03PM 16319.84 -538.33 -3.19% Malaysia KLSE Composite ^KLSE 10:32PM 943.38 -7.24 -0.76% New Zealand NZSE 40 ^NZ40 10:33PM 1991.24 -21.09 -1.05% Pakistan Karachi 100 ^KSE May 19 1681.08 +25.33 +1.53% Philippines PSE Composite ^PSI 10:32PM 1432.83 -45.85 -3.10% Singapore Straits Times ^STI 10:33PM 1929.87 -62.55 -3.14% South Korea Seoul Composite ^KS11 10:32PM 704.22 -26.46 -3.62% Sri Lanka All Share ^CSE May 19 468.84 0.00 0.00% Thailand SET ^SETI May 19 343.40 0.00 0.00% Taiwan Taiwan Weighted ^TWII 10:33PM 8884.41 +64.06 +0.73% -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, May 21, 2000 9:14 PM Looks like they're getting hit hard, Japan opened flat, now down nearly 3.4% Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------------------------------------------------------- From: Rocky Sanghvi Subject: RE: [CANSLIM] My watch list Date: 22 May 2000 10:21:58 -0400 WOW. Most of the stocks I track lighted up red. Any idea where Black Monday will take us? -----Original Message----- Sent: Sunday, May 21, 2000 2:59 PM Friends, Below you will find my watch list. To be eligible for the list, I was looking for several factors: 1) strict adherence to CANSLI parameters (although I was lax on the institutional accumulation/distribution for obvious reasons, to be described below) 2) a strong base with a narrowing of trading ranges at least 5 weeks old 3) a dry up of volume (during that time - hence the lax attitude on the I) 4) some of them have already started to go up out of their base, with increased volume 5) some of them are even positioning themselves for either a breakout our a breakdown. I go through this process every week (it keeps me off the streets), and I have been following a bunch of these for a while. There are some obvious duplicate entries with Tom's list from yesterday. Caveat emptor! APEX Apex Inc BVF Biovail Corporation CHKP Check Point Softwar Tech CMVT Comverse Technology CREE Cree Inc CGII Cunningham Graphics Intl DRAM Dataram Corp DV Devry Inc DYN Dynegy Inc Cl A FORR Forrester Research Inc HAKI Hall Kinion & Assc Inc ITWO I Two Technologies INFY Infosys Technologies Ads JDSU J D S Uniphase Corp KCP Kenneth Cole Productions LEH Lehman Bros Holdings Inc MRCY Mercury Computer System MERQ Mercury Interactive Corp MCRL Micrel Inc NTAP Network Appliance Inc NASI North Amer Scientific PMCS P M C - Sierra Inc QGENF Qiagen Nv QLGC Qlogic Corp RFMD R F Micro Devices Inc RSAS R S A Security Inc SPW S P X Corp SAWS Sawtek Inc SRNA Serena Software Inc SILI Siliconix Inc TKLC Tekelec VRTS Veritas Software Corp WAT Waters Corp XETA Xeta Technologies Inc Cheers, Tom - - ------------------------------------------------------------------------------- From: Dave Cameron Subject: RE: [CANSLIM] My watch list Date: 22 May 2000 07:49:50 -0700 (PDT) --- Rocky Sanghvi wrote: > WOW. Most of the stocks I track lighted up red. Any > idea where Black > Monday will take us? Unfortunately, as many have posted recently, we'd probably all be wise to heed O'Neil's advice to stay out of the market when "M" is not in our favor. AFAIK, "M" hasn't yet changed. Being the bull-headed sort that I am, I went about 50% to cash - and am watching the remaining 50% continue to do poorly. But... its better than 100% invested. (I've never been very good at reading "M".) > __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Re. Link to O'Neil's New Book Date: 22 May 2000 16:13:25 EDT DSquires: You asked, and so shall you receive; seriously, this is the link that I use to get to the 26 wk series: http://ibd.infostreet.com/won jans - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] RE: Link to O'Neil's new book Date: 22 May 2000 17:14:47 -0700 >>Link to O'Neil's new book? >>Could someone please send me the "24 Lessons" link. >>DSquires http://ibd.infostreet.com/won/ -Jim - ------------------------------------------------------------------------------- From: Rocky Sanghvi Subject: RE: [CANSLIM] RE: Link to O'Neil's new book Date: 22 May 2000 17:19:23 -0400 allright since no one is saying a word I will do that. Apart from reviewing our list of target stocks, does anyone have any comment on today's action? -----Original Message----- Sent: Monday, May 22, 2000 8:15 PM >>Link to O'Neil's new book? >>Could someone please send me the "24 Lessons" link. >>DSquires http://ibd.infostreet.com/won/ -Jim - - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: RE: [CANSLIM] RE: Link to O'Neil's new book Date: 22 May 2000 19:29:56 -0600 It was a down day, even though things rebounded, still looks like a sick market. The nasdaq did test the former low from April, maybe that means something, but that remains to be seen. What is your comment on today? On 22 May 00, at 17:19, Rocky Sanghvi wrote: > allright since no one is saying a word I will do that. Apart from reviewing > our list of target stocks, does anyone have any comment on today's action? > > -----Original Message----- > From: han.26@osu.edu [mailto:han.26@osu.edu] > Sent: Monday, May 22, 2000 8:15 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] RE: Link to O'Neil's new book > - ------------------------------------------------------------------------------- From: "lynn williams" Subject: Re: [CANSLIM] My watch list Date: 22 May 2000 20:02:21 -0400 Please, what is "M" and "AFAIK"? Thanks, Lynn ----- Original Message ----- Sent: Monday, May 22, 2000 10:49 AM > > --- Rocky Sanghvi wrote: > > WOW. Most of the stocks I track lighted up red. Any > > idea where Black > > Monday will take us? > > Unfortunately, as many have posted recently, we'd probably > all be wise to heed O'Neil's advice to stay out of the > market when "M" is not in our favor. AFAIK, "M" hasn't > yet changed. > > Being the bull-headed sort that I am, I went about 50% to > cash - and am watching the remaining 50% continue to do > poorly. But... its better than 100% invested. (I've > never been very good at reading "M".) > > > > > > > __________________________________________________ > Do You Yahoo!? > Send instant messages & get email alerts with Yahoo! Messenger. > http://im.yahoo.com/ > > - > - ------------------------------------------------------------------------------- From: pwahl@sysinn.com Subject: [CANSLIM] X-JMSavedFile: d:\Mailessentials\~ar4963.tmp Date: 22 May 2000 21:08:18 -0700 - ------------------------------------------------------------------------------- From: "Dave" Subject: Re: [CANSLIM] RE: Link to O'Neil's new book Date: 22 May 2000 23:25:00 -0700 Hi All, The way I see it was a pretty constructive day. The NAZ successfully tested its low on less volume but at the same time was able to muster the most volume in a month. On top of that, they wrecked the bellweathers nearly all day, which looks like good capitulation in big cap tech. Of course, there is now NOTHING to buy! So I will just wait for some good set-ups. BTW, lists of targeted stocks are just as important as market action because they speak volumes about the market's underlying health. If I had a list of 30+ sound bases, with good growth numbers that would be more important then the most recent NASDAQ action. Hey ...JMO, of course. My 2 cents, DSquires ----- Original Message ----- Sent: Monday, May 22, 2000 6:29 PM > It was a down day, even though things rebounded, still looks like a > sick market. The nasdaq did test the former low from April, maybe > that means something, but that remains to be seen. What is your > comment on today? > > On 22 May 00, at 17:19, Rocky Sanghvi wrote: > > > allright since no one is saying a word I will do that. Apart from reviewing > > our list of target stocks, does anyone have any comment on today's action? > > > > -----Original Message----- > > From: han.26@osu.edu [mailto:han.26@osu.edu] > > Sent: Monday, May 22, 2000 8:15 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] RE: Link to O'Neil's new book > > > > > - > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] My watch list Date: 22 May 2000 21:54:19 -0600 M=Market, ie state of the stock market AFAIK =As Far As I Know At 08:02 PM 5/22/00 -0400, you wrote: >Please, what is "M" and "AFAIK"? >Thanks, >Lynn >----- Original Message ----- >From: "Dave Cameron" >To: >Sent: Monday, May 22, 2000 10:49 AM >Subject: RE: [CANSLIM] My watch list > > >> >> --- Rocky Sanghvi wrote: >> > WOW. Most of the stocks I track lighted up red. Any >> > idea where Black >> > Monday will take us? >> >> Unfortunately, as many have posted recently, we'd probably >> all be wise to heed O'Neil's advice to stay out of the >> market when "M" is not in our favor. AFAIK, "M" hasn't >> yet changed. >> >> Being the bull-headed sort that I am, I went about 50% to >> cash - and am watching the remaining 50% continue to do >> poorly. But... its better than 100% invested. (I've >> never been very good at reading "M".) >> >> >> > >> >> >> __________________________________________________ >> Do You Yahoo!? >> Send instant messages & get email alerts with Yahoo! Messenger. >> http://im.yahoo.com/ >> >> - >> > > >- > > > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] Re: M Date: 23 May 2000 08:29:25 -0700 Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently buyable. AMK esp. makes me green with envy of those of you with some cash. Of course if you believe in the power of M then there truly is nothing to buy. On 11:25 PM 5/22/00, Dave Said: >Hi All, > >The way I see it was a pretty constructive day. The NAZ successfully tested >its low on less volume but at the same time was able to muster the most >volume in a month. On top of that, they wrecked the bellweathers nearly all >day, which looks like good capitulation in big cap tech. >Of course, there is now NOTHING to buy! So I will just wait for some good >set-ups. > >BTW, lists of targeted stocks are just as important as market action because >they speak volumes about the market's underlying health. If I had a list of >30+ sound bases, with good growth numbers that would be more important then >the most recent NASDAQ action. Hey ...JMO, of course. > > >My 2 cents, > >DSquires Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] Another watch list Date: 23 May 2000 08:34:56 -0700 Just updated my HGS list. I've posted the criteria before. For your viewing pleasure: AMK BJS CDWC CHP DFXI HSM ICUI IMPH KP LTRE NSIT PCCC PENG PLT PLXS POOL PWAV PWER RARE SHFL TLGD TNL VSH Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Mark Brown" Subject: [CANSLIM] Band2 Study Date: 23 May 2000 10:40:52 -0500 Hello canslim, Below is a link to the study that I have followed for years it attempts to give you a feeling for market strength. The concept is disclosed so that it may be programmed into other software packages as you wish. http://www.markbrown.com/bands2.htm -- -Thanks, Mark .o©º°¨¨°º©[ WWW.MARKBROWN.COM ]©º°¨¨°º©o. - ------------------------------------------------------------------------------- From: "Wahl, Patrick" Subject: RE: [CANSLIM] Re: M Date: 23 May 2000 09:47:56 -0600 SEIC is also doing something constructive, financial software I think they do, nice growth rate, I do believe in the power of M, so feeling a little skittish about buying even the stocks still going up. > -----Original Message----- > From: Tim Fisher [mailto:tim@OreRockOn.com] > Sent: Tuesday, May 23, 2000 9:29 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Re: M > > > Nothing? How about: AMK, DFXI, RARE? These are a few that are > eminently > buyable. AMK esp. makes me green with envy of those of you > with some cash. > Of course if you believe in the power of M then there truly > is nothing to buy. > > On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ > successfully tested > >its low on less volume but at the same time was able to > muster the most > >volume in a month. On top of that, they wrecked the > bellweathers nearly all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait > for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as > market action because > >they speak volumes about the market's underlying health. If > I had a list of > >30+ sound bases, with good growth numbers that would be more > important then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 13:29:39 -0400 Tim, at what price level would you buy these stocks? I.e., how do you decide the where the proper entry point is? AMK has been going up (since March, April) without any real basing. So if you missed it in April, how do you know where the entry point is? Do you buy on dips? RARE is on a three-day decline and even if I disregard the direction I still get a less than two weeks base. Would you buy it here? Note that in my opinion it has not broken the uptrend (yet :) - I get the bottom of the uptrend channel by connecting the lows of the B/O's on April 5th, May 3rd and 11th. Please correct me if I am wrong!) Would you buy it here? Also, note that last two distribution days in the stock. (Am I right?) Does it change your opinion with respect to the stock's action? DFXI has a 6 day base. Is that sufficient? Any comments are greatly appreciated!!!! Also, would anyone be able to explain 'base on base' chart formation (maybe give real world examples)? Thank you! I recently bought HAKI (on the attempted - hindsight 20/20 - B/O) and got stopped out of it a great loss. I would like to ask your opinion: other than M not being what it should be, can you see any other reasons not to have bought it? I guess my thinking was if PCCC could do it, maybe HAKI can do it too. I know, this is quite silly, but at least I should try to learn from it. Anna Sosis Tim Fisher on 05/23/2000 11:29:25 AM Please respond to canslim@lists.xmission.com cc: Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently buyable. AMK esp. makes me green with envy of those of you with some cash. Of course if you believe in the power of M then there truly is nothing to buy. On 11:25 PM 5/22/00, Dave Said: >Hi All, > >The way I see it was a pretty constructive day. The NAZ successfully tested >its low on less volume but at the same time was able to muster the most >volume in a month. On top of that, they wrecked the bellweathers nearly all >day, which looks like good capitulation in big cap tech. >Of course, there is now NOTHING to buy! So I will just wait for some good >set-ups. > >BTW, lists of targeted stocks are just as important as market action because >they speak volumes about the market's underlying health. If I had a list of >30+ sound bases, with good growth numbers that would be more important then >the most recent NASDAQ action. Hey ...JMO, of course. > > >My 2 cents, > >DSquires Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 10:45:23 -0700 I am shooting off the cuff. You could have picked those stocks up on 1str, 2nd, or even 3rd stage breakouts and still be in the money with them. Looking at AMKs all-time record vol yesterday I'd say this is a strong 3rd stage B/O & it's not too late to get in. RARE is still within 10% of its pivot point at 31ish. It broke out already and hasn't pulled back or violated that B/O. Following CANSLIM it's technically still a buyable B/O. DFXI is forming an HTF and it's a gamble buying here as it could break either way, but given this is happening in a horrible M, I think M is the only thing holding it back from a 3rd stage B/O. On 10:29 AM 5/23/00, asosis@ca.ibm.com Said: >Tim, at what price level would you buy these stocks? I.e., how do you >decide the where the proper entry point is? AMK has been going up (since >March, April) without any real basing. So if you missed it in April, how >do you know where the entry point is? Do you buy on dips? > >RARE is on a three-day decline and even if I disregard the direction I >still get a less than two weeks base. Would you buy it here? Note that >in my opinion it has not broken the uptrend (yet :) - I get the bottom of >the uptrend channel by connecting the lows of the B/O's on April 5th, May >3rd and 11th. Please correct me if I am wrong!) Would you buy it here? >Also, note that last two distribution days in the stock. (Am I right?) >Does it change your opinion with respect to the stock's action? > >DFXI has a 6 day base. Is that sufficient? > >Any comments are greatly appreciated!!!! >Also, would anyone be able to explain 'base on base' chart formation (maybe >give real world examples)? Thank you! > >I recently bought HAKI (on the attempted - hindsight 20/20 - B/O) and got >stopped out of it a great loss. I would like to ask your opinion: other >than M not being what it should be, can you see any other reasons not to >have bought it? I guess my thinking was if PCCC could do it, maybe HAKI >can do it too. I know, this is quite silly, but at least I should try to >learn from it. > >Anna Sosis > > > >Tim Fisher on 05/23/2000 11:29:25 AM > >Please respond to canslim@lists.xmission.com > >To: canslim@lists.xmission.com >cc: >Subject: [CANSLIM] Re: M > > > > >Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently >buyable. AMK esp. makes me green with envy of those of you with some cash. >Of course if you believe in the power of M then there truly is nothing to >buy. > >On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ successfully >tested > >its low on less volume but at the same time was able to muster the most > >volume in a month. On top of that, they wrecked the bellweathers nearly >all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as market action >because > >they speak volumes about the market's underlying health. If I had a list >of > >30+ sound bases, with good growth numbers that would be more important >then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 13:59:17 -0400 Sorry, what is HTF? Anna Sosis Tim Fisher on 05/23/2000 01:45:23 PM Please respond to canslim@lists.xmission.com cc: I am shooting off the cuff. You could have picked those stocks up on 1str, 2nd, or even 3rd stage breakouts and still be in the money with them. Looking at AMKs all-time record vol yesterday I'd say this is a strong 3rd stage B/O & it's not too late to get in. RARE is still within 10% of its pivot point at 31ish. It broke out already and hasn't pulled back or violated that B/O. Following CANSLIM it's technically still a buyable B/O. DFXI is forming an HTF and it's a gamble buying here as it could break either way, but given this is happening in a horrible M, I think M is the only thing holding it back from a 3rd stage B/O. On 10:29 AM 5/23/00, asosis@ca.ibm.com Said: >Tim, at what price level would you buy these stocks? I.e., how do you >decide the where the proper entry point is? AMK has been going up (since >March, April) without any real basing. So if you missed it in April, how >do you know where the entry point is? Do you buy on dips? > >RARE is on a three-day decline and even if I disregard the direction I >still get a less than two weeks base. Would you buy it here? Note that >in my opinion it has not broken the uptrend (yet :) - I get the bottom of >the uptrend channel by connecting the lows of the B/O's on April 5th, May >3rd and 11th. Please correct me if I am wrong!) Would you buy it here? >Also, note that last two distribution days in the stock. (Am I right?) >Does it change your opinion with respect to the stock's action? > >DFXI has a 6 day base. Is that sufficient? > >Any comments are greatly appreciated!!!! >Also, would anyone be able to explain 'base on base' chart formation (maybe >give real world examples)? Thank you! > >I recently bought HAKI (on the attempted - hindsight 20/20 - B/O) and got >stopped out of it a great loss. I would like to ask your opinion: other >than M not being what it should be, can you see any other reasons not to >have bought it? I guess my thinking was if PCCC could do it, maybe HAKI >can do it too. I know, this is quite silly, but at least I should try to >learn from it. > >Anna Sosis > > > >Tim Fisher on 05/23/2000 11:29:25 AM > >Please respond to canslim@lists.xmission.com > >To: canslim@lists.xmission.com >cc: >Subject: [CANSLIM] Re: M > > > > >Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently >buyable. AMK esp. makes me green with envy of those of you with some cash. >Of course if you believe in the power of M then there truly is nothing to >buy. > >On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ successfully >tested > >its low on less volume but at the same time was able to muster the most > >volume in a month. On top of that, they wrecked the bellweathers nearly >all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as market action >because > >they speak volumes about the market's underlying health. If I had a list >of > >30+ sound bases, with good growth numbers that would be more important >then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: "Wahl, Patrick" Subject: RE: [CANSLIM] Re: M Date: 23 May 2000 12:00:29 -0600 > -----Original Message----- > From: asosis@ca.ibm.com [mailto:asosis@ca.ibm.com] > I recently bought HAKI (on the attempted - hindsight 20/20 - > B/O) and got > stopped out of it a great loss. I would like to ask your > opinion: other > than M not being what it should be, can you see any other > reasons not to > have bought it? I guess my thinking was if PCCC could do > it, maybe HAKI > can do it too. I know, this is quite silly, but at least I > should try to > learn from it. Generally, breakouts are more prone to fail if the market is against you. I have been watching HAKI for a short while, I didn't think it ever formed a handle, and in any case I don't think the recent spike represented a breakout, since it didn't exceed the 30 dollar price high of a few months (?) ago. - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 11:09:52 -0700 P.S. HAKI was on my "Tom's list" watch list too but it never did break out again. In fact it bounced off the January high like it was a concrete ceiling. It's forming a too-deep and too-loose cup right now with a severely drooping handle. Contrast this with the charts I mentioned and their behavior before and during their breakouts. IMHO HAKI suffers from recently being a microcap (sorry Tom!) On 10:29 AM 5/23/00, asosis@ca.ibm.com Said: >Tim, at what price level would you buy these stocks? I.e., how do you >decide the where the proper entry point is? AMK has been going up (since >March, April) without any real basing. So if you missed it in April, how >do you know where the entry point is? Do you buy on dips? > >RARE is on a three-day decline and even if I disregard the direction I >still get a less than two weeks base. Would you buy it here? Note that >in my opinion it has not broken the uptrend (yet :) - I get the bottom of >the uptrend channel by connecting the lows of the B/O's on April 5th, May >3rd and 11th. Please correct me if I am wrong!) Would you buy it here? >Also, note that last two distribution days in the stock. (Am I right?) >Does it change your opinion with respect to the stock's action? > >DFXI has a 6 day base. Is that sufficient? > >Any comments are greatly appreciated!!!! >Also, would anyone be able to explain 'base on base' chart formation (maybe >give real world examples)? Thank you! > >I recently bought HAKI (on the attempted - hindsight 20/20 - B/O) and got >stopped out of it a great loss. I would like to ask your opinion: other >than M not being what it should be, can you see any other reasons not to >have bought it? I guess my thinking was if PCCC could do it, maybe HAKI >can do it too. I know, this is quite silly, but at least I should try to >learn from it. > >Anna Sosis > > > >Tim Fisher on 05/23/2000 11:29:25 AM > >Please respond to canslim@lists.xmission.com > >To: canslim@lists.xmission.com >cc: >Subject: [CANSLIM] Re: M > > > > >Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently >buyable. AMK esp. makes me green with envy of those of you with some cash. >Of course if you believe in the power of M then there truly is nothing to >buy. > >On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ successfully >tested > >its low on less volume but at the same time was able to muster the most > >volume in a month. On top of that, they wrecked the bellweathers nearly >all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as market action >because > >they speak volumes about the market's underlying health. If I had a list >of > >30+ sound bases, with good growth numbers that would be more important >then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 11:10:28 -0700 High Tight Flag, a chart formation from HTMMIS. On 10:59 AM 5/23/00, asosis@ca.ibm.com Said: >Sorry, what is HTF? > >Anna Sosis Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: asosis@ca.ibm.com Subject: [CANSLIM] FYI Date: 23 May 2000 14:13:07 -0400 Tim, DFXI is up 2% on HUGE volume (about 400%). On the charts it looks like there were a couple of large purchases - maybe institutional buying. Thank you for the info. Anna Sosis Tim Fisher on 05/23/2000 01:45:23 PM Please respond to canslim@lists.xmission.com cc: I am shooting off the cuff. You could have picked those stocks up on 1str, 2nd, or even 3rd stage breakouts and still be in the money with them. Looking at AMKs all-time record vol yesterday I'd say this is a strong 3rd stage B/O & it's not too late to get in. RARE is still within 10% of its pivot point at 31ish. It broke out already and hasn't pulled back or violated that B/O. Following CANSLIM it's technically still a buyable B/O. DFXI is forming an HTF and it's a gamble buying here as it could break either way, but given this is happening in a horrible M, I think M is the only thing holding it back from a 3rd stage B/O. On 10:29 AM 5/23/00, asosis@ca.ibm.com Said: >Tim, at what price level would you buy these stocks? I.e., how do you >decide the where the proper entry point is? AMK has been going up (since >March, April) without any real basing. So if you missed it in April, how >do you know where the entry point is? Do you buy on dips? > >RARE is on a three-day decline and even if I disregard the direction I >still get a less than two weeks base. Would you buy it here? Note that >in my opinion it has not broken the uptrend (yet :) - I get the bottom of >the uptrend channel by connecting the lows of the B/O's on April 5th, May >3rd and 11th. Please correct me if I am wrong!) Would you buy it here? >Also, note that last two distribution days in the stock. (Am I right?) >Does it change your opinion with respect to the stock's action? > >DFXI has a 6 day base. Is that sufficient? > >Any comments are greatly appreciated!!!! >Also, would anyone be able to explain 'base on base' chart formation (maybe >give real world examples)? Thank you! > >I recently bought HAKI (on the attempted - hindsight 20/20 - B/O) and got >stopped out of it a great loss. I would like to ask your opinion: other >than M not being what it should be, can you see any other reasons not to >have bought it? I guess my thinking was if PCCC could do it, maybe HAKI >can do it too. I know, this is quite silly, but at least I should try to >learn from it. > >Anna Sosis > > > >Tim Fisher on 05/23/2000 11:29:25 AM > >Please respond to canslim@lists.xmission.com > >To: canslim@lists.xmission.com >cc: >Subject: [CANSLIM] Re: M > > > > >Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently >buyable. AMK esp. makes me green with envy of those of you with some cash. >Of course if you believe in the power of M then there truly is nothing to >buy. > >On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ successfully >tested > >its low on less volume but at the same time was able to muster the most > >volume in a month. On top of that, they wrecked the bellweathers nearly >all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as market action >because > >they speak volumes about the market's underlying health. If I had a list >of > >30+ sound bases, with good growth numbers that would be more important >then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] RE: M Date: 23 May 2000 08:10:33 -0700 I like the TSC interviews with fund managers yesterday. They said they were not buying and not selling. The commentary was leaning towards blaming the day on weak individual investors. The volume was still light. I too am not buying and certainly not selling. I'm back where I was on the previous bottom day after gaining back about 10% of my portfolio's value. But I'm into "big tech" and a few tech CANSLIM breakouts from a month ago which have either broken down or are trading below their breakouts with the exception of PLXS, AMD, and ADBE. So add me to the bearish column for no other reason than to get that indicator to where it needs to be at a market bottom! On 02:19 PM 5/22/00, Rocky Sanghvi Said: >allright since no one is saying a word I will do that. Apart from reviewing >our list of target stocks, does anyone have any comment on today's action? > >-----Original Message----- >From: han.26@osu.edu [mailto:han.26@osu.edu] >Sent: Monday, May 22, 2000 8:15 PM >To: canslim@lists.xmission.com >Subject: [CANSLIM] RE: Link to O'Neil's new book > > > >>Link to O'Neil's new book? > > >>Could someone please send me the "24 Lessons" link. > > > >>DSquires > >http://ibd.infostreet.com/won/ > >-Jim Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: "Dave" Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 18:21:16 -0700 Tim, I have noticed over the years you are a LLUR player. Your three stocks are certainly showing great RS but I think you would agreed none of them have anything close to a sound basing structure. When I said there was nothing to buy I was talking about stocks with earnings/revenue momentum that are setting up for a base breakout. DSquires ----- Original Message ----- Sent: Tuesday, May 23, 2000 8:29 AM > Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently > buyable. AMK esp. makes me green with envy of those of you with some cash. > Of course if you believe in the power of M then there truly is nothing to buy. > > On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ successfully tested > >its low on less volume but at the same time was able to muster the most > >volume in a month. On top of that, they wrecked the bellweathers nearly all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as market action because > >they speak volumes about the market's underlying health. If I had a list of > >30+ sound bases, with good growth numbers that would be more important then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: "Dave" Subject: Re: [CANSLIM] Re: M ----SEIC Date: 23 May 2000 18:29:03 -0700 Patrick, I missed this one. It looks good to me..... if it can put in a handle in the next few weeks while the market tries to follow through. I will be watching it for sure. Thanks DSquires ----- Original Message ----- Sent: Tuesday, May 23, 2000 8:47 AM > SEIC is also doing something constructive, financial software I think they > do, nice growth rate, I do believe in the power of M, so feeling a little > skittish about buying even the stocks still going up. > > > -----Original Message----- > > From: Tim Fisher [mailto:tim@OreRockOn.com] > > Sent: Tuesday, May 23, 2000 9:29 AM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Re: M > > > > > > Nothing? How about: AMK, DFXI, RARE? These are a few that are > > eminently > > buyable. AMK esp. makes me green with envy of those of you > > with some cash. > > Of course if you believe in the power of M then there truly > > is nothing to buy. > > > > On 11:25 PM 5/22/00, Dave Said: > > >Hi All, > > > > > >The way I see it was a pretty constructive day. The NAZ > > successfully tested > > >its low on less volume but at the same time was able to > > muster the most > > >volume in a month. On top of that, they wrecked the > > bellweathers nearly all > > >day, which looks like good capitulation in big cap tech. > > >Of course, there is now NOTHING to buy! So I will just wait > > for some good > > >set-ups. > > > > > >BTW, lists of targeted stocks are just as important as > > market action because > > >they speak volumes about the market's underlying health. If > > I had a list of > > >30+ sound bases, with good growth numbers that would be more > > important then > > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > > > > >My 2 cents, > > > > > >DSquires > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > > > - > - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 16:08:05 -0700 I am an LLUR, HGS, CANSLIM, and anything else player. My greatest successes have been none of the above! In fact they have been MoMo! I stick by my guns of the previous reply. At least one of them was technically a CANSLIM buy. On 06:21 PM 5/23/00, Dave Said: >Tim, > >I have noticed over the years you are a LLUR player. Your three stocks are >certainly showing great RS but I think you would agreed none of them have >anything close to a sound basing structure. When I said there was nothing to >buy I was talking about stocks with earnings/revenue momentum that are >setting up for a base breakout. > >DSquires Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] Record insider selling Date: 23 May 2000 20:31:00 -0500 Watching Bloomberg while reading this list. Interview states we saw a record of about $25B worth of insider selling for the 1st qtr this year. Seems to me much of that cash would find its way back into the market somehow. Is there a way to factor sideline cash into market sentiment? Does anyone have a suggestion on where to research cash buildup and its relation to market breakouts? I can imagine a graph showing a buildup until breakout and then a market plateau when the cash is fully committed. Thanks Kent - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 21:40:57 -0400 No offense taken, Tim. I made a little money today overall on my babies. The trick with HAKI was to have bot it when it was still a "low priced" microcap! I had it on my watch list back when it was still in the low teens. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 23, 2000 2:09 PM P.S. HAKI was on my "Tom's list" watch list too but it never did break out again. In fact it bounced off the January high like it was a concrete ceiling. It's forming a too-deep and too-loose cup right now with a severely drooping handle. Contrast this with the charts I mentioned and their behavior before and during their breakouts. IMHO HAKI suffers from recently being a microcap (sorry Tom!) On 10:29 AM 5/23/00, asosis@ca.ibm.com Said: >Tim, at what price level would you buy these stocks? I.e., how do you >decide the where the proper entry point is? AMK has been going up (since >March, April) without any real basing. So if you missed it in April, how >do you know where the entry point is? Do you buy on dips? > >RARE is on a three-day decline and even if I disregard the direction I >still get a less than two weeks base. Would you buy it here? Note that >in my opinion it has not broken the uptrend (yet :) - I get the bottom of >the uptrend channel by connecting the lows of the B/O's on April 5th, May >3rd and 11th. Please correct me if I am wrong!) Would you buy it here? >Also, note that last two distribution days in the stock. (Am I right?) >Does it change your opinion with respect to the stock's action? > >DFXI has a 6 day base. Is that sufficient? > >Any comments are greatly appreciated!!!! >Also, would anyone be able to explain 'base on base' chart formation (maybe >give real world examples)? Thank you! > >I recently bought HAKI (on the attempted - hindsight 20/20 - B/O) and got >stopped out of it a great loss. I would like to ask your opinion: other >than M not being what it should be, can you see any other reasons not to >have bought it? I guess my thinking was if PCCC could do it, maybe HAKI >can do it too. I know, this is quite silly, but at least I should try to >learn from it. > >Anna Sosis > > > >Tim Fisher on 05/23/2000 11:29:25 AM > >Please respond to canslim@lists.xmission.com > >To: canslim@lists.xmission.com >cc: >Subject: [CANSLIM] Re: M > > > > >Nothing? How about: AMK, DFXI, RARE? These are a few that are eminently >buyable. AMK esp. makes me green with envy of those of you with some cash. >Of course if you believe in the power of M then there truly is nothing to >buy. > >On 11:25 PM 5/22/00, Dave Said: > >Hi All, > > > >The way I see it was a pretty constructive day. The NAZ successfully >tested > >its low on less volume but at the same time was able to muster the most > >volume in a month. On top of that, they wrecked the bellweathers nearly >all > >day, which looks like good capitulation in big cap tech. > >Of course, there is now NOTHING to buy! So I will just wait for some good > >set-ups. > > > >BTW, lists of targeted stocks are just as important as market action >because > >they speak volumes about the market's underlying health. If I had a list >of > >30+ sound bases, with good growth numbers that would be more important >then > >the most recent NASDAQ action. Hey ...JMO, of course. > > > > > >My 2 cents, > > > >DSquires > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: "Dave" Subject: Re: [CANSLIM] Re: M Date: 23 May 2000 22:14:46 -0700 Tim, I took another look at your stocks because of your exclamationy reply. I stand corrected.....DFXI would pass the sound base test as I interpret it...that is at least four weeks. It formed a nice ascending triangle base and broke out recently on excellent volume with follow through the next day. My buy point would have been 33 1/2. Today's close at 36, is 7% above the buy point, which falls into legal buy ground per O'Neil. Personally, I only buy 5% above the buy point. Either way, I was wrong in my previous comment on this stock. Anne, LLUR stands for lower left upper right. This is a type of chart pattern were a stock is in a nice continuous uptrend.Some people focus on these stocks because they trend for long periods of time. The ideas is cut your losses in the ones that fail and average UP in the stocks that work. MoMo -- Momentum is my best guess....I will refer you to Tim on this. HGS -- is High Growth Stock per Ian Woodward. Good Trading, Dave Squires ----- Original Message ----- Sent: Tuesday, May 23, 2000 4:08 PM > I am an LLUR, HGS, CANSLIM, and anything else player. My greatest successes > have been none of the above! In fact they have been MoMo! I stick by my > guns of the previous reply. At least one of them was technically a CANSLIM buy. > > On 06:21 PM 5/23/00, Dave Said: > >Tim, > > > >I have noticed over the years you are a LLUR player. Your three stocks are > >certainly showing great RS but I think you would agreed none of them have > >anything close to a sound basing structure. When I said there was nothing to > >buy I was talking about stocks with earnings/revenue momentum that are > >setting up for a base breakout. > > > >DSquires > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Record insider selling Date: 23 May 2000 22:31:19 -0400 Kent, What many (most) investors that do not enjoy the benefits of insider ownership fail to recognize is that an insider frequently has his or her entire (or virtually) net worth tied up in one company. Not only does the salary and benefits come from there, but for those with lucrative stock option plans, often their net worth is mostly represented by those stock options. As an active broker, I watched insider selling very closely. Only once did it foretell a drop accurately. Almost in every case, the stock rose higher than their selling point such that any one of us would have been happy to have bot their stock. But as a broker, I also actively campaigned to capture some of that new wealth as they sold, with little success. They were selling to capture some of that wealth and diversify; or buy the new house; or the expensive car; or pay the college tuition. In a few cases they actually did invest some of that windfall of cash; but rarely outside their industry. The sidelined cash that counts for me is that which came from active investors cashing out; or those that ran early to the bond market for safety. When that flood of cash returns, that is the time to be fully invested. And, as you point out, this is first quarter data and, as such, already nearly two months old. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 23, 2000 9:31 PM Watching Bloomberg while reading this list. Interview states we saw a record of about $25B worth of insider selling for the 1st qtr this year. Seems to me much of that cash would find its way back into the market somehow. Is there a way to factor sideline cash into market sentiment? Does anyone have a suggestion on where to research cash buildup and its relation to market breakouts? I can imagine a graph showing a buildup until breakout and then a market plateau when the cash is fully committed. Thanks Kent - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] On "M" Date: 23 May 2000 22:34:34 -0400 The high activity in this group today is the most bullish signal I have seen in weeks. And there is a lesson for all of us that the more experienced members (at least those with a little time available) are actively watching the potential new leaders. I sense a lot of fingers itching to buy something. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] On "M" Asian style Date: 23 May 2000 23:01:49 -0400 Asia is being trashed, no surprise, tho seems to off the worst of their Wednesday for now. Japan has struggled back over 16,000 for the moment, still down over 1% as are most markets, with three important ones (Hong Kong, Singapore, S. Korea) still down over 2%. Japan is now down 23% from its high just a few months ago. And seems like nobody really wants anyone else's currency these days, much less gold. It's like all markets, in all commodities, are getting pasted. With Europe generally flat to up today, the ripple effect is likely to carry over there in a few hours. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] On "M" Date: 23 May 2000 21:46:58 -0600 I'm looking forward to the next buying opportunity, but I don't get the sense that it is just around the corner. A lot of the tech stocks I am watching are really starting to deteriorate, especially chip stocks (amat, nvls vtss), some of the stars of the last run up are still hanging in there. I wonder if this could be one of those deals where the market just bumbles around through the summer, then tanks in the fall and sets up a nice buying opportunity in Nov or Dec., but of course that is just idle speculation. (speaking of tech stocks, I have taken some perverse enjoyment out of seeing QCOM get bashed, since I remember some showoff- hot dog analyst setting a 1000 dollar price target prior to its last split, it has been more than cut in half since then.) On 23 May 00, at 22:34, Tom Worley wrote: > The high activity in this group today is the most bullish signal > I have seen in weeks. > > And there is a lesson for all of us that the more experienced > members (at least those with a little time available) are > actively watching the potential new leaders. I sense a lot of > fingers itching to buy something. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > - > - ------------------------------------------------------------------------------- From: Eric Shen Subject: Re: [CANSLIM] Record insider selling Date: 24 May 2000 09:32:05 -0700 Hi, Just throwing in my 2 cents on possible reasons for insider selling. If the options granted to the officers are non-qualified (NQ), the option owners will need to pay taxes at the ordinary income rate up front on the difference between the option grant price and the market price on the day the option was exercise. Also it is possible that the options are about to expire. At Intel, options expire after 10 years. Use it or lose it. When exercising NQs, for many that's a lot of cash to come up with. It is easier to exercise the options, sell it, and keep the after-tax profits. Eric -- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - ------------------------------------------------------------------------------- From: Werner Vandewiele Subject: Re: [CANSLIM] Record insider selling Date: 24 May 2000 22:09:02 +0200 www.trimtabs.com >Is there a way to factor sideline cash into market sentiment? Does >anyone have a suggestion on where to research cash buildup and its >relation to market breakouts? I can imagine a graph showing a buildup >until breakout and then a market plateau when the cash is fully >committed. > >Thanks >Kent > >- Regards, <<< Werner Vandewiele >>> - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Record insider selling Date: 24 May 2000 13:16:35 -0700 Am I missing something, or do you have to pay to get data more recent that 5/11 on that site? On 01:09 PM 5/24/00, Werner Vandewiele Said: >www.trimtabs.com > > >>Is there a way to factor sideline cash into market sentiment? Does >>anyone have a suggestion on where to research cash buildup and its >>relation to market breakouts? I can imagine a graph showing a buildup >>until breakout and then a market plateau when the cash is fully >>committed. >> >>Thanks >>Kent >> >>- > >Regards, > ><<< Werner Vandewiele >>> Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Werner Vandewiele Subject: Re: [CANSLIM] Record insider selling Date: 24 May 2000 23:45:30 +0200 At 01:16 PM 24-05-00 -0700, you wrote: >Am I missing something, or do you have to pay to get data more recent that >5/11 on that site? Seems like they changed policy recently alas. >On 01:09 PM 5/24/00, Werner Vandewiele Said: >>www.trimtabs.com >> >> >>>Is there a way to factor sideline cash into market sentiment? Does >>>anyone have a suggestion on where to research cash buildup and its >>>relation to market breakouts? I can imagine a graph showing a buildup >>>until breakout and then a market plateau when the cash is fully >>>committed. >>> >>>Thanks >>>Kent >>> >>>- >> >>Regards, >> >><<< Werner Vandewiele >>> > > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- Regards, <<< Werner Vandewiele >>> - ------------------------------------------------------------------------------- From: Rocky Sanghvi Subject: RE: [CANSLIM] Record insider selling Date: 24 May 2000 17:42:17 -0400 Decent volume. Broke 2 million after a long time. Can this be the beginning of the 4th wave of a 5 wave decline? Would appreciate some insights. Are we in for a short term upside to the tune of about 30% before the final leg down? Rakesh -----Original Message----- Sent: Wednesday, May 24, 2000 4:09 PM www.trimtabs.com >Is there a way to factor sideline cash into market sentiment? Does >anyone have a suggestion on where to research cash buildup and its >relation to market breakouts? I can imagine a graph showing a buildup >until breakout and then a market plateau when the cash is fully >committed. > >Thanks >Kent > >- Regards, <<< Werner Vandewiele >>> - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Record insider selling Date: 24 May 2000 23:16:21 -0400 Tim, I would consider data as current as 5/11 (essentially two weeks old) for free as about the best you get. More current data from the SEC is fee based, so if they are giving it away . . . Bear in mind, tho, that the "currentness" of the data is deceptive, as it likely is dated based on the filing date, and a sale in the first week of April did not have to be reported to the SEC until May 10, I think. So it could already have been history by the filing date. And that's assuming they followed the rules and filed on time. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Wednesday, May 24, 2000 4:16 PM Am I missing something, or do you have to pay to get data more recent that 5/11 on that site? On 01:09 PM 5/24/00, Werner Vandewiele Said: >www.trimtabs.com > > >>Is there a way to factor sideline cash into market sentiment? Does >>anyone have a suggestion on where to research cash buildup and its >>relation to market breakouts? I can imagine a graph showing a buildup >>until breakout and then a market plateau when the cash is fully >>committed. >> >>Thanks >>Kent >> >>- > >Regards, > ><<< Werner Vandewiele >>> Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] I'm now 100% invested! Date: 25 May 2000 16:22:43 -0700 OK, now that I have your attention, the real reason that I'm fully invested is because I never sold when I should have, and I feel that we're closer to the end [point-wise anyway if not timewise] of the bear [than to the beginning]. I'm glad I've taken a beating this early in my investment "career" so that I will actually FOLLOW WON's advice to sell when M and ONLY M is bad. My two stocks were both excellent CANSLI...just that I didn't pay enough attention to M. It's not like WON doesn't stress it enough in HTMMIS..it's just that I apparently must have wanted to really learn [the hard way] and pay some more [life] tuition. Hoping for imminent M capitulation, -Jim the-street-begger - ------------------------------------------------------------------------------- From: Pritish Shah Subject: Re: [CANSLIM] I'm now 100% invested! Date: 25 May 2000 14:18:58 -0700 (PDT) I concur. I had CREE which I bought on breakout but then I did not sell it when it went through 8%, then 16%, then 50dma and now I am regretting it. I am actually thinking of selling it off but it has bounced twice from the 200dma. I had bought it for long term investment (seriously). It had looked better than JDSU because of its earnings growth. However, I screwed up. Now I am suffering because of that. Regards, Shah 408-525-4263 On Thu, 25 May 2000 han.26@osu.edu wrote: > OK, now that I have your attention, the real reason that I'm fully invested is > because I never sold when I should have, and I feel that we're closer to the end > [point-wise anyway if not timewise] of the bear [than to the beginning]. > > I'm glad I've taken a beating this early in my investment "career" so that I will > actually FOLLOW WON's advice to sell when M and ONLY M is bad. My two stocks were > both excellent CANSLI...just that I didn't pay enough attention to M. It's not > like WON doesn't stress it enough in HTMMIS..it's just that I apparently must have > wanted to really learn [the hard way] and pay some more [life] tuition. > > Hoping for imminent M capitulation, > > -Jim the-street-begger > > > - > > - ------------------------------------------------------------------------------- From: "Hugh Fader" Subject: [CANSLIM] Lesson learned (was I'm now 100% invested!) Date: 25 May 2000 20:11:11 -0400 I had a similar lesson last fall. I held TAN which at one point was 30% above my purchase price. The day they warned they would not meet December sales forecasts, the stock plunged 20% below my buy point. I decided to hold to see what would happen. It was obviously oversold, I thought, and bargain hunters would boost the price back up at least to my break even point. Here is the lesson: If you fail to follow your trading rules and operate outside of the bounds where they work, you have no way to know when to buy or sell. I held on. The stock moved up and down and then down further and further. I didn't know what to do. Finally, I sold at a 40% loss just so I could stop agonizing over this stock. Since starting CANSLIM trading almost two years ago, this was the first and last time I did not cut my losses. - Hugh -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of han.26@osu.edu Sent: Thursday, May 25, 2000 7:23 PM OK, now that I have your attention, the real reason that I'm fully invested is because I never sold when I should have, and I feel that we're closer to the end [point-wise anyway if not timewise] of the bear [than to the beginning]. I'm glad I've taken a beating this early in my investment "career" so that I will actually FOLLOW WON's advice to sell when M and ONLY M is bad. My two stocks were both excellent CANSLI...just that I didn't pay enough attention to M. It's not like WON doesn't stress it enough in HTMMIS..it's just that I apparently must have wanted to really learn [the hard way] and pay some more [life] tuition. Hoping for imminent M capitulation, -Jim the-street-begger - - ------------------------------------------------------------------------------- From: Richard Turner Subject: [CANSLIM] Re: canslim-I'm now 100% invested! Date: 25 May 2000 20:58:18 -0500 Jim, Congratulations on your initiation but if you're a slow learner like myself you'll do about five more times before you CUT LOSSES,CUT LOSSES,CUT LOSSES. - ------------------------------------------------------------------------------- From: "lynn williams" Subject: Re: [CANSLIM] Re: canslim-I'm now 100% invested! Date: 25 May 2000 18:01:50 -0400 Well all I can say is I agree but maybe way too late..have too many losers. My question is: oftentimes I can buy a stock which is a super strong canslim stock and actually lose 7-8% that very day! Then what do you do??? Lynn ----- Original Message ----- Sent: Thursday, May 25, 2000 9:58 PM > Jim, Congratulations on your initiation but if you're a slow learner > like myself you'll do about five more times before you CUT LOSSES,CUT > LOSSES,CUT LOSSES. > > > - > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] I'm now 100% invested! Date: 25 May 2000 19:23:01 -0600 Well, if nothing else, this is making me feel a little better. I watched as my YTD gains reached 70% or more, and then ALL of my holdings just dropped like anchors. In the end, I bailed out of this and that, and ended up with about 30% of my gains intact. I really think that I was VERY slow on the draw and let a lot get away that I shouldn't have, but I also chalk it up to an expensive lesson. A short while later, the NASDAQ apparently turned, and I jumped in with both feet. I realized that buying 8 & 9 day bases was suspect at best, but decided to give it a whirl. I ended up stopped out of everything I bought, but I did escape better, and stand about 20% up YTD. I tiptoed in a while later on a supposed FT Day. The volume was up, but suspect, and the IBD was VERY hesitant, but I made a couple of purchases (33% invested) anyway. I caught a couple of good stocks, they broke higher and looked good. It took about a week for them to come crashing down. At this point, I was unwilling to risk much capital, and I sold both stocks at near-even for an insignificant gain. This was better. I went in with both eyes open and was VERY cautious. I was unwilling to risk my capital very much, and even if I had lost 10% on both, it was only 3% overall. I think this is correct way to go at any FT day that is somewhat suspect. Look for leadership, get in only in small increments, and be ready to go in deeper when things look good. I feel the same about yesterday's day 1 of a possible rally. I'll be watching for an FT day starting Tuesday. Given a convincing day, I'll look for Industry Groups and stocks ready to break out, and only tiptoe in if things look good. After today's action, I'm very doubtful we have seen a bottom, but my OPINION isn't what matters. We just need to watch the market and listen to what it tells us. So far, all I hear is "Not Yet!". Signed, "another antsy investor, but 100% cash in my CANSLIM acct" (and wishing my Mutual Fund accounts were CANSLIM instead!!!) At 04:22 PM 5/25/00 -0700, you wrote: >OK, now that I have your attention, the real reason that I'm fully invested is >because I never sold when I should have, and I feel that we're closer to the end >[point-wise anyway if not timewise] of the bear [than to the beginning]. > >I'm glad I've taken a beating this early in my investment "career" so that I will >actually FOLLOW WON's advice to sell when M and ONLY M is bad. My two stocks were >both excellent CANSLI...just that I didn't pay enough attention to M. It's not >like WON doesn't stress it enough in HTMMIS..it's just that I apparently must have >wanted to really learn [the hard way] and pay some more [life] tuition. > >Hoping for imminent M capitulation, > >-Jim the-street-begger > > >- > > > - ------------------------------------------------------------------------------- From: Dave Cameron Subject: [CANSLIM] Cutting losses Date: 26 May 2000 05:57:02 -0700 (PDT) In interviews, O'Neil has asserted that the TOUGHEST thing for individual investors to do is cut their losses. I can assure those of you who are having problems with it, that it remains my biggest problem. There have been several occasions where I bought a stock as it broke out of a strong base only to watch the market go down the next day and take mine with it. On some of those occasions, I stupidly said to myself - oh, my stock only went down because the market blipped down today. While that was probably true - the stock almost never went back up to my buy point. Another poster mentioned the tendency to buy back in on short bases - and then get stopped out at a loss shortly thereafter. IMHO, its not really a good idea to buy anything now because the market action still isn't right, and there aren't many CANSLIM looking charts. I've tried to buy on short bases as well, and usually ended up giving back previous gains in the process. We're all human. We want to believe we made the right decision. Buying a stock that looks like a CANSLIM stock that gives us a quick loss is not a mistake. But failing to sell it is. Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Kick off your party with Yahoo! Invites. http://invites.yahoo.com/ - ------------------------------------------------------------------------------- From: BIKEAR@aol.com Subject: Re: [CANSLIM] what online broker Date: 26 May 2000 16:10:19 EDT I'm new to the list and was wondering what on-line broker do some of you us...I have the American X and like it but learning more and more everyday...I relized if I am a intermed or short seller using the canslim that I have got to have a stop order on the nas...they have it on the other but not the Nas....I have the limit order do you feel that it is ok llllllhope to hear...jan - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] what online broker Date: 26 May 2000 14:32:55 -0600 I use Fidelity and previously Schwab. I originally got into Fidelity for their mutual funds, but I changed it to a Brokerage account later on. They do provide stops on the NASDAQ and their costs are pretty competitive once you get a good balance there. I traded enough last year to get some additional discounts. I pay $14.95 per on-line trade with no charge for stops or limits. I have been very happy with their service and the rapid response on trades. At 04:10 PM 5/26/00 EDT, you wrote: >I'm new to the list and was wondering what on-line broker do some of you >us...I have the American X and like it but learning more and more >everyday...I relized if I am a intermed or short seller using the canslim >that I have got to have a stop order on the nas...they have it on the other >but not the Nas....I have the limit order do you feel that it is ok >llllllhope to hear...jan > >- > > > - ------------------------------------------------------------------------------- From: drd@2020.com (Dr. DiGirolamo) Subject: Re: [CANSLIM] what online broker Date: 26 May 2000 17:09:15 -0400 At 04:10 PM 05/26/2000 , you wrote: >I'm new to the list and was wondering what on-line broker do some of you >us...I have the American X and like it but learning more and more >everyday...I relized if I am a intermed or short seller using the canslim >that I have got to have a stop order on the nas...they have it on the other >but not the Nas....I have the limit order do you feel that it is ok >llllllhope to hear...jan Hi Jan, I've used Ameritrade and E*Trade for a couple of years but have recently decided to switch. I opened an account with DLJdirect. Though they are a bit more expensive, they provide an awful lot of benefits over the other two. While E*Trade advertises access to IPO's, you are lucky when you get 100 shares of any stock. Of course, IPO's are of little interest in this particular market now, but their research tools and data bank are wonderful. You do need to maintain a balance in excess of $100k to get a lot of freebies, and those fortunate enough to keep in excess of $1Mill get still more. Check them out.. you may feel that the difference in price is offset by their added services (and execution and reliability). Regards, Mike - ------------------------------------------------------------------------------- From: Eric Shen Subject: Re: [CANSLIM] what online broker Date: 26 May 2000 14:19:10 -0700 BIKEAR@aol.com wrote: > > I'm new to the list and was wondering what on-line broker do some of you > us...I have the American X and like it but learning more and more > everyday...I relized if I am a intermed or short seller using the canslim > that I have got to have a stop order on the nas...they have it on the other > but not the Nas....I have the limit order do you feel that it is ok > llllllhope to hear...jan > > - I have a Schwab account and am quite happy with them. Their commissions on the web are $24.95 and starting this fall, they will be charging some sort of account maint. fee if the balance goes below $10,000. I also have a TD Waterhouse account. I'm not that impressed with their web site. Too slow. I've been seeing e-trade commercials where they are giving free DSL access by signing up to their Power E-trade account. That might be worth looking into. Eric -- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - ------------------------------------------------------------------------------- From: "Dave" Subject: Re: [CANSLIM] Re: canslim-I'm now 100% invested! Date: 26 May 2000 18:55:20 -0700 Lynn, Your question is quite easy to answer.....you sell out at a loss no questions asked. Of course, this "sell at a 7% loss" stuff is always hard to handle since the buy point can be very subjective. However, the process is quite simple. 1) The market follows through 2) There are MANY sound bases* forming in aggressive growth (earning or revenue) stocks. 3) Buy stocks breaking out (on 50-100% increase in 50-day ADV) from either the top part of the handle or the most obvious resistance point on the chart. 4) Cut your losses on any stock that goes against you 4-10% depending on your risk profile. 5) hold winning stocks until their price/volume action turns negative or a climax run occurs. 5) If your "sold at a loss" stock breaks out again on expanding volume you buy it back just like you never heard of the thing in your life! * Sound Bases in my book are sideways movement in stocks (that have been in previous uptrends) that last AT LEAST 4 weeks but preferable 6-8 weeks. The depth of the base must be viewed in relation to the most recent uptrend. Just remember, if a stock goes against you by 4-10%(my parameters) you sell out no questions asked regardless of the amount of time you have own it. A 10% loss is a 10% loss in 2 minutes or 2 weeks. If you read the Market Wizards I & II, you will see an obvious theme....every trader says there success comes from CUTTING LOSSES SHORT!!!. If you remember no other rule remember to TAKE YOUR LOSS! One last thing....please remember as your loss increases the required % move needed to get back to even grows exponentially. Do the numbers in ten % increments to see how hard it is to recover from a large loss. BTW, I am speaking from experience....I have made EVERY investing/trading mistake under the sun! Hope this helped, DSquires ----- Original Message ----- Sent: Thursday, May 25, 2000 3:01 PM > Well all I can say is I agree but maybe way too late..have too many losers. > My question is: oftentimes I can buy a stock which is a super strong canslim > stock and actually lose 7-8% that very day! Then what do you do??? > Lynn > ----- Original Message ----- > From: "Richard Turner" > To: > Sent: Thursday, May 25, 2000 9:58 PM > Subject: [CANSLIM] Re: canslim-I'm now 100% invested! > > > > Jim, Congratulations on your initiation but if you're a slow learner > > like myself you'll do about five more times before you CUT LOSSES,CUT > > LOSSES,CUT LOSSES. > > > > > > - > > > > > - > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part one Date: 27 May 2000 09:05:02 -0400 The list remains stable with 121 candidates, despite the 2-5% decline in all major indexes last week. Prior week was 131, before that 103 and 109. The list is those stocks in the Daily Graphs books that were within 5% of their high last week, and have both RS and EPS of 80 or better. As always, Bx is my shorthand for B=Base, and x=number of weeks, IMO. ADCT - nice LLUR PCCC - B2+ CDWC - B2 (retail - computer - both sectors under pressure at the moment) TBL - B2 DYN - staircase AAON - B7 RDN - B2 GNWR - B4 Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: Jeff Salisbury Subject: [CANSLIM] Online portfolio site? Date: 27 May 2000 07:05:17 -0600 Hello every one, I would like your assistance. I am trying to find a web-site where I can setup and monitor a portfolio. This is what I desire: 1. A web-site where I can enter the ticker, the number of shares, the price per share, and a date. Without all these parameters, I can't really see performance... 2. A web-site where my portfolio summary will be mailed to me each day the market closes. What are your favorites? Best Regards, Jeff - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Online portfolio site? Date: 27 May 2000 17:02:30 +0300 Jeff, I don't know if they'll send you the results every day, but I find that the best portfolio is from MSN: http://moneycentral.msn.com/scripts/webquote.dll?iPage=pmx (most versatile) I've also seen good portfolios at quotes.com (I know that they mail theirs), you might also try quicken.com (very good). Tom ----- Original Message ----- Sent: Saturday, May 27, 2000 4:05 PM > Hello every one, > > I would like your assistance. I am trying to find a web-site where I > can setup and monitor a portfolio. This is what I desire: > > 1. A web-site where I can enter the ticker, the number of shares, the > price per share, and a date. Without all these parameters, I can't > really see performance... > > 2. A web-site where my portfolio summary will be mailed to me each day > the market closes. > > What are your favorites? > > Best Regards, > > Jeff > > - > - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Re: cutting losses QUICKLY Date: 27 May 2000 10:31:03 -0700 I can't respond individually to all who replied to my post about not selling when I should have so I'll make some general comments. First, thanks for responding; I found every post useful in one way or another, and each response had a unique flavor of personal experience that I appreciated. Question: since I've already held on [to CSCO & DSPG] too long, and since both stocks still have sound fundamentals, would you sell them now [realizing they will both likely shoot up as soon as the market turns bullish], or would you vow never to hold too long FROM NOW ON, but make an exception ONLY this once on these last two and continue to hold them since they're already compressed and only being held down by the overall market? -Jim the-hardheaded - ------------------------------------------------------------------------------- From: "Jack Lykins" Subject: Re: [CANSLIM] Online portfolio site? Date: 27 May 2000 13:24:45 -0400 Jeff, Try this location www.stockselector.com Jack Lykins ----- Original Message ----- Sent: Saturday, May 27, 2000 9:05 AM > Hello every one, > > I would like your assistance. I am trying to find a web-site where I > can setup and monitor a portfolio. This is what I desire: > > 1. A web-site where I can enter the ticker, the number of shares, the > price per share, and a date. Without all these parameters, I can't > really see performance... > > 2. A web-site where my portfolio summary will be mailed to me each day > the market closes. > > What are your favorites? > > Best Regards, > > Jeff > > - > - ------------------------------------------------------------------------------- From: "Bill Triffet" Subject: Re: [CANSLIM] Online portfolio site? Date: 27 May 2000 11:01:02 -0700 Also, check out http://www.clearstation.com Not sure about the emailed reports capability though. -Bill > ----- Original Message ----- > From: Jeff Salisbury > To: > Sent: Saturday, May 27, 2000 9:05 AM > Subject: [CANSLIM] Online portfolio site? > > > > Hello every one, > > > > I would like your assistance. I am trying to find a web-site where I > > can setup and monitor a portfolio. This is what I desire: > > > > 1. A web-site where I can enter the ticker, the number of shares, the > > price per share, and a date. Without all these parameters, I can't > > really see performance... > > > > 2. A web-site where my portfolio summary will be mailed to me each day > > the market closes. > > > > What are your favorites? > > > > Best Regards, > > > > Jeff > > > > - > > > > > - > > - ------------------------------------------------------------------------------- From: "Hugh Fader" Subject: RE: [CANSLIM] Re: cutting losses QUICKLY Date: 27 May 2000 15:07:12 -0400 Jim, This is the dilemma I had with TAN. You don't know what to do because the CANSLIM rules no longer apply and you have no other rules. I ended up selling near the bottom when I held TAN too long. Maybe others have experience with stocks they've held too long and can offer some insight. - Hugh -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of han.26@osu.edu Sent: Saturday, May 27, 2000 1:31 PM I can't respond individually to all who replied to my post about not selling when I should have so I'll make some general comments. First, thanks for responding; I found every post useful in one way or another, and each response had a unique flavor of personal experience that I appreciated. Question: since I've already held on [to CSCO & DSPG] too long, and since both stocks still have sound fundamentals, would you sell them now [realizing they will both likely shoot up as soon as the market turns bullish], or would you vow never to hold too long FROM NOW ON, but make an exception ONLY this once on these last two and continue to hold them since they're already compressed and only being held down by the overall market? -Jim the-hardheaded - - ------------------------------------------------------------------------------- From: "Mike Rhea" Subject: RE: [CANSLIM] Online portfolio site? Date: 27 May 2000 15:07:26 -0500 http:ww.infobeat.com has a finance section that will automatically email you various reports, including closing prices on stocks that you specify, on a daily basis. It's free. Mike Rhea Friendswood, Texas mikerhea@ev1.net -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Triffet Sent: Saturday, May 27, 2000 1:01 PM Also, check out http://www.clearstation.com Not sure about the emailed reports capability though. -Bill > ----- Original Message ----- > From: Jeff Salisbury > To: > Sent: Saturday, May 27, 2000 9:05 AM > Subject: [CANSLIM] Online portfolio site? > > > > Hello every one, > > > > I would like your assistance. I am trying to find a web-site where I > > can setup and monitor a portfolio. This is what I desire: > > > > 1. A web-site where I can enter the ticker, the number of shares, the > > price per share, and a date. Without all these parameters, I can't > > really see performance... > > > > 2. A web-site where my portfolio summary will be mailed to me each day > > the market closes. > > > > What are your favorites? > > > > Best Regards, > > > > Jeff > > > > - > > > > > - > > - - ------------------------------------------------------------------------------- From: "Mike Rhea" Subject: RE: [CANSLIM] Online portfolio site? Date: 27 May 2000 15:10:26 -0500 Also, http://my.yahoo.com will satisfy your first requirement. Go to www.yahoo.com and select "my yahoo" to set it up. Then use www.infobeat.com for requirement #2. Sorry I didn't get both answers in one note..... Mike -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Salisbury Sent: Saturday, May 27, 2000 8:05 AM Hello every one, I would like your assistance. I am trying to find a web-site where I can setup and monitor a portfolio. This is what I desire: 1. A web-site where I can enter the ticker, the number of shares, the price per share, and a date. Without all these parameters, I can't really see performance... 2. A web-site where my portfolio summary will be mailed to me each day the market closes. What are your favorites? Best Regards, Jeff - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: cutting losses QUICKLY Date: 27 May 2000 18:44:58 -0400 Hi Jim the HH, When I have failed to follow CANSLIM (and I've likely done it far more often than most members of this group over the past decade), my first response is to decide (as unemotionally as possible) whether it passed my required sell point due a negative change in its fundamentals or its industry perceptions; or whether it is purely "M" related. If the former, I usually sold immediately regardless of the price. OK, I hedged a little, might give it a day or two for a dead cat bounce, but either way, it was leaving the portfolio. If the cause was "M", I then had to discuss with myself whether my now lowered capital would increase faster by staying in the stock; putting it in a money market; or putting it in some other sector or stock. If other than the first choice, then again I sold. For the first choice, I now had to look hard at "M", including how I missed it so badly. If I thought "M" would remain shady for several months, I needed a pretty strong argument on fundamentals (CANSLIM no longer applying) to still hang onto the stock, as a MM would still make more sense, and leave me free for a new opportunity that might come along. It is important to remind yourself that the stock is now worth current price X nr of shares; not what you paid for it; not what it was worth a few days or weeks ago. It the stock now trades flat for a few months, you are not only losing the use of that capital, but also any better opportunities that might come along. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Saturday, May 27, 2000 1:31 PM I can't respond individually to all who replied to my post about not selling when I should have so I'll make some general comments. First, thanks for responding; I found every post useful in one way or another, and each response had a unique flavor of personal experience that I appreciated. Question: since I've already held on [to CSCO & DSPG] too long, and since both stocks still have sound fundamentals, would you sell them now [realizing they will both likely shoot up as soon as the market turns bullish], or would you vow never to hold too long FROM NOW ON, but make an exception ONLY this once on these last two and continue to hold them since they're already compressed and only being held down by the overall market? -Jim the-hardheaded - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DGO List - Part Two Date: 27 May 2000 20:27:52 -0400 Sorry about the break in the list, had to go put in a day's work at the office to make up for the rude interruption of a holiday! Now, back to more important matters, what's worth watching? PFE - best I can call this is a B1, but my instincts say it's worth watching for a sharp break to the upside THX - B2 MMC - B2 RYAAY - B6 (caution: one qtr ago, earnings fell below prior qtr, which is a violation) UNH - B1+ LTD - B2+ SYY - B2 BKI - B3 TA - B4 VALM - B6 (but low growth) LDSH - B6+ Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] bounce soon? Date: 27 May 2000 21:23:51 -0500 For what it's worth, Bob Brinker seems to indicate he expects a bounce up for a few weeks. You can listen to his archived radio show at www.bobbrinker.com, click ARCHIVES Kent Tom Worley wrote: > > The high activity in this group today is the most bullish signal > I have seen in weeks. > > And there is a lesson for all of us that the more experienced > members (at least those with a little time available) are > actively watching the potential new leaders. I sense a lot of > fingers itching to buy something. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > - - ------------------------------------------------------------------------------- From: "david lawson" Subject: Re: [CANSLIM] Re: cutting losses QUICKLY Date: 28 May 2000 11:08:58 -0400 Dear Jim, I believe WON says to look at the stock as if you didn't own it. Ask yourself if you would buy it now. If the answer is NO then sell it. Ari ----- Original Message ----- Sent: Saturday, May 27, 2000 1:31 PM > I can't respond individually to all who replied to my post about not selling when I > should have so I'll make some general comments. First, thanks for responding; I found > every post useful in one way or another, and each response had a unique flavor of > personal experience that I appreciated. > > Question: since I've already held on [to CSCO & DSPG] too long, and since both stocks > still have sound fundamentals, would you sell them now [realizing they will both likely > shoot up as soon as the market turns bullish], or would you vow never to hold too long > FROM NOW ON, but make an exception ONLY this once on these last two and continue to > hold them since they're already compressed and only being held down by the overall > market? > > -Jim the-hardheaded > > > - > - ------------------------------------------------------------------------------- From: "david lawson" Subject: Re: [CANSLIM] DGO List - Part Two Date: 28 May 2000 11:17:08 -0400 Dear Tom, PFE is the feature stock in the " Company in the news" section of IBD's Friday 5/26 issue. It shows a 4 year,weekly chart that looks to me like a very nice cup with handle chart.As you know the fundies are good. Watcha think? Ari ----- Original Message ----- Sent: Saturday, May 27, 2000 8:27 PM > Sorry about the break in the list, had to go put in a day's work > at the office to make up for the rude interruption of a holiday! > > Now, back to more important matters, what's worth watching? > > PFE - best I can call this is a B1, but my instincts say it's > worth watching for a sharp break to the upside > THX - B2 > MMC - B2 > RYAAY - B6 (caution: one qtr ago, earnings fell below prior qtr, > which is a violation) > UNH - B1+ > LTD - B2+ > SYY - B2 > BKI - B3 > TA - B4 > VALM - B6 (but low growth) > LDSH - B6+ > > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > - > - ------------------------------------------------------------------------------- From: "Jack Wood" Subject: [CANSLIM] Meaning of Consolidating vs basing Date: 28 May 2000 14:06:22 -0700 Maybe someone can help me understand the differences, if any, between consolidating and basing. The reason I ask is that in last Wednesday's IBD in the NASDAQ Stocks In the News column the author, Ed Carson, talks about Cytyc (CYTC) as having been "consolidating" for the past 10 weeks. Then Carson discusses Jaco Electronics (JACO) as forming a base-on-a-base. I have been thinking that consolidating and basing is simply the same thing. Am I all wet? Jack Wood - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] DGO List - Part Two Date: 28 May 2000 17:47:38 -0500 The cup has taken a year to form, the handle is sloping up to flat. It would be better to slant down slightly. My 2 cents Kent david lawson wrote: > > Dear Tom, > > PFE is the feature stock in the " Company in the news" section of IBD's > Friday 5/26 issue. It shows a 4 year,weekly chart that looks to me like a > very nice cup with handle chart.As you know the fundies are good. Watcha > think? > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] DGO List - Part Two Date: 28 May 2000 18:47:41 -0500 Here is my 2 cents I use bigchart.com for my graphing PFE - past 2 weeks below avg vol THX - 5 weeks of + vol but last week down to avg after 3 big weeks MMC - 2 weeks of avg vol (I will watch this one) RYAAY - low vol for 3 months UNH closed the week down from prev week, on above avg vol and higher vol than prev week LTD - last 2 weeks down on above avg vol SYY - looking good, 6 weeks up with last 5 weeks above avg vol (I will watch this one) BKI - last 2 weeks down on above avg vol TA - last week down on avg vol VALM - last week up on avg vol LDSH - up 7 weeks then down this week on low vol Kent ----------- Tom Worley wrote: > > Sorry about the break in the list, had to go put in a day's work > at the office to make up for the rude interruption of a holiday! > > Now, back to more important matters, what's worth watching? > > PFE - best I can call this is a B1, but my instincts say it's > worth watching for a sharp break to the upside > THX - B2 > MMC - B2 > RYAAY - B6 (caution: one qtr ago, earnings fell below prior qtr, > which is a violation) > UNH - B1+ > LTD - B2+ > SYY - B2 > BKI - B3 > TA - B4 > VALM - B6 (but low growth) > LDSH - B6+ > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DGO List - Part Two Date: 29 May 2000 09:04:08 -0400 Hi David, I only use a one year chart as I am interested in what a stock has been doing in present terms. Selecting a stock based on a c&h that took 4 years to develop might work, but I would only consider it on a stock I want to own without trading for 5 - 10 years. And considering what the mkt overall has done in the past 4 years means PFE has often trailed the market. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Sunday, May 28, 2000 11:17 AM Dear Tom, PFE is the feature stock in the " Company in the news" section of IBD's Friday 5/26 issue. It shows a 4 year,weekly chart that looks to me like a very nice cup with handle chart.As you know the fundies are good. Watcha think? Ari ----- Original Message ----- Sent: Saturday, May 27, 2000 8:27 PM > Sorry about the break in the list, had to go put in a day's work > at the office to make up for the rude interruption of a holiday! > > Now, back to more important matters, what's worth watching? > > PFE - best I can call this is a B1, but my instincts say it's > worth watching for a sharp break to the upside > THX - B2 > MMC - B2 > RYAAY - B6 (caution: one qtr ago, earnings fell below prior qtr, > which is a violation) > UNH - B1+ > LTD - B2+ > SYY - B2 > BKI - B3 > TA - B4 > VALM - B6 (but low growth) > LDSH - B6+ > > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > - > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Meaning of Consolidating vs basing Date: 29 May 2000 09:07:37 -0400 Hi Jack, I don't know about anyone else, but I use "base" to indicate just that, usually marked by a narrow (tight) trading range. It can occur both after a significant rise in price, as well as after a decline. I use the term consolidating where the trading range is substantial, and follows a runup in price. I don't use this word following a sharp decline in price. On the other hand, I think many use both terms interchangeably. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Sunday, May 28, 2000 5:06 PM Maybe someone can help me understand the differences, if any, between consolidating and basing. The reason I ask is that in last Wednesday's IBD in the NASDAQ Stocks In the News column the author, Ed Carson, talks about Cytyc (CYTC) as having been "consolidating" for the past 10 weeks. Then Carson discusses Jaco Electronics (JACO) as forming a base-on-a-base. I have been thinking that consolidating and basing is simply the same thing. Am I all wet? Jack Wood - - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Meaning of Consolidating vs basing Date: 29 May 2000 16:24:29 +0200 Tom (and others) I am looking at DGO's Top Industry Groups. Is there any way I can screen out which stocks are the leader in any specific sector? Thanks. Tom G. ----- Original Message ----- Sent: Monday, May 29, 2000 3:07 PM > Hi Jack, > > I don't know about anyone else, but I use "base" to indicate just > that, usually marked by a narrow (tight) trading range. It can > occur both after a significant rise in price, as well as after a > decline. > > I use the term consolidating where the trading range is > substantial, and follows a runup in price. I don't use this word > following a sharp decline in price. > > On the other hand, I think many use both terms interchangeably. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > ----- Original Message ----- > From: Jack Wood > To: > Sent: Sunday, May 28, 2000 5:06 PM > Subject: [CANSLIM] Meaning of Consolidating vs basing > > > Maybe someone can help me understand the differences, if any, > between > consolidating and basing. > > The reason I ask is that in last Wednesday's IBD in the NASDAQ > Stocks In the > News column the author, Ed Carson, talks about Cytyc (CYTC) as > having been > "consolidating" for the past 10 weeks. > > Then Carson discusses Jaco Electronics (JACO) as forming a > base-on-a-base. > > I have been thinking that consolidating and basing is simply the > same thing. > Am I all wet? > > Jack Wood > > > > - > > > > - > - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Meaning of Consolidating vs basing Date: 29 May 2000 09:49:05 -0400 Hi Tom, DG/DGO measures leadership in terms of RS, with the tie breaker being EPS. You can buy a book from IBD that lists the groups and which stocks are in each one. With that and a copy of IBD, you could look up each one, tho it would take some time and good eyesight. In both the DG books, as well as DGO, you can see a list of the top five in each group (actually in DGO you can see the top six) just by checking the Datablock screen for a stock in the group. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Monday, May 29, 2000 10:24 AM Tom (and others) I am looking at DGO's Top Industry Groups. Is there any way I can screen out which stocks are the leader in any specific sector? Thanks. Tom G. ----- Original Message ----- Sent: Monday, May 29, 2000 3:07 PM > Hi Jack, > > I don't know about anyone else, but I use "base" to indicate just > that, usually marked by a narrow (tight) trading range. It can > occur both after a significant rise in price, as well as after a > decline. > > I use the term consolidating where the trading range is > substantial, and follows a runup in price. I don't use this word > following a sharp decline in price. > > On the other hand, I think many use both terms interchangeably. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > ----- Original Message ----- > From: Jack Wood > To: > Sent: Sunday, May 28, 2000 5:06 PM > Subject: [CANSLIM] Meaning of Consolidating vs basing > > > Maybe someone can help me understand the differences, if any, > between > consolidating and basing. > > The reason I ask is that in last Wednesday's IBD in the NASDAQ > Stocks In the > News column the author, Ed Carson, talks about Cytyc (CYTC) as > having been > "consolidating" for the past 10 weeks. > > Then Carson discusses Jaco Electronics (JACO) as forming a > base-on-a-base. > > I have been thinking that consolidating and basing is simply the > same thing. > Am I all wet? > > Jack Wood > > > > - > > > > - > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Funny quotable quotes (in perspective of history) Date: 29 May 2000 09:58:49 -0400 While Memorial Day is intended to honor the contribution the US Military has made, I prefer to forget my Vietnam days, and my son's Desert Storm days, and instead focus on contributions by others. Here's some funny ones to remind us all. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html GREAT PREDICTIONS by EXPERTS "Computers in the future may weigh no more than 15 tons." --Popular Mechanics, forecasting the relentless march of science, 1949 "I think there is a world market for maybe five computers." --Thomas Watson, chairman of IBM,1943 "I have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out the year." --The editor in charge of business books for Prentice Hall,1957 "But what ... is it good for?" --Engineer at the Advanced Computing Systems Division of IBM, 1968,commenting on the microchip. "There is no reason anyone would want a computer in their home." --Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977 "This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us." -- Western Union internal memo, 1876. "The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?" --David Sarnoff's associates in response to his urgings for investment in the radio in the 1920s. "The concept is interesting and well-formed, but in order to earn better than a 'C,' the idea must be feasible." --A Yale University management professor in response to Fred Smith's paper proposing reliable overnight delivery service. (Smith went on to found Federal Express Corp.) Who the hell wants to hear actors talk?" --Harry M. Warner, Warner Brothers, 1927. "I'm just glad it'll be Clark Gable who's falling on his face and not Gary Cooper." --Gary Cooper on his decision not to take the leading role in "Gone With The Wind." "A cookie store is a bad idea. Besides, the market research reports say America likes crispy cookies, not soft and chewy cookies like you make." -- Response to Debbi Fields' idea of starting her company, Mrs. Fields' Cookies. "We don't like their sound, and guitar music is on the way out." --Decca Recording Co. rejecting the Beatles, 1962. "Heavier-than-air flying machines are impossible." --Lord Kelvin, president, Royal Society, 1895. "If I had thought about it, I wouldn't have done the experiment. The literature was full of examples that said you can't do this." --Spencer Silver on the work that led to the unique adhesives or 3-M "Post-It" Notepads. "So we went to Atari and said, 'Hey, we've got this amazing thing, even built with some of your parts, and what do you think about funding us? Or we'll give it to you. We just want to do it. Pay our salary, we'll come work for you.' And they said, 'No.' So then we went to Hewlett-Packard, and they said, 'Hey, we don't need you; you haven't got through college yet.'" --Apple Computer Inc. founder Steve Jobs on attempts to get Atari and H-P interested in his and Steve Wozniak's personal computer. "Professor Goddard does not know the relation between action and reaction and the need to have something better than a vacuum against which to react. He seems to lack the basic knowledge ladled out daily in high schools." --1921 New York Times editorial about Robert Goddard's revolutionary rocket work. "You want to have consistent and uniform muscle development across all of your muscles? It can't be done. It's just a fact of life. You just have to accept inconsistent muscle development as an unalterable condition of weight training." --Response to Arthur Jones, who solved the "unsolvable" problem by inventing Nautilus. "Drill for oil? You mean drill into the ground to try and find oil? You're crazy." --Drillers who Edwin L. Drake tried to enlist to his project to drill for oil in 1859. "Stocks have reached what looks like a permanently high plateau." --Irving Fisher, Professor of Economics, Yale University, 1929. "Airplanes are interesting toys but of no military value." --Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre. "Everything that can be invented has been invented." --Charles H. Duell, Commissioner, U.S. Office of Patents, 1899. "Louis Pasteur's theory of germs is ridiculous fiction". --Pierre Pachet, Professor of Physiology at Toulouse, 1872 "The abdomen, the chest, and the brain will forever be shut from the intrusion of the wise and humane surgeon". --Sir John Eric Ericksen, British surgeon, appointed Surgeon-Extraordinary to Queen Victoria, 1873. "640K ought to be enough for anybody." -- Bill Gates, 1981 - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: Re: [CANSLIM] Meaning of Consolidating vs basing Date: 29 May 2000 19:36:27 +0200 Tom, Thanks for your reply. The problem with getting the information only from the Datablock screen is that it only gives you the top 5. I am looking for all those stocks in the sector with long (at least 6 week) bases, where the base is below the 50 day MA. So, whereas I'm looking for leaders, I'm also willing to look at some laggards. Tom ----- Original Message ----- Sent: Monday, May 29, 2000 3:49 PM > Hi Tom, > > DG/DGO measures leadership in terms of RS, with the tie breaker > being EPS. You can buy a book from IBD that lists the groups and > which stocks are in each one. With that and a copy of IBD, you > could look up each one, tho it would take some time and good > eyesight. > > In both the DG books, as well as DGO, you can see a list of the > top five in each group (actually in DGO you can see the top six) > just by checking the Datablock screen for a stock in the group. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > ----- Original Message ----- > From: Tom Gumpel > To: > Sent: Monday, May 29, 2000 10:24 AM > Subject: Re: [CANSLIM] Meaning of Consolidating vs basing > > > Tom (and others) > I am looking at DGO's Top Industry Groups. Is there any way I can > screen out > which stocks are the leader in any specific sector? > > Thanks. > > Tom G. > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Monday, May 29, 2000 3:07 PM > Subject: Re: [CANSLIM] Meaning of Consolidating vs basing > > > > Hi Jack, > > > > I don't know about anyone else, but I use "base" to indicate > just > > that, usually marked by a narrow (tight) trading range. It can > > occur both after a significant rise in price, as well as after > a > > decline. > > > > I use the term consolidating where the trading range is > > substantial, and follows a runup in price. I don't use this > word > > following a sharp decline in price. > > > > On the other hand, I think many use both terms interchangeably. > > > > Tom Worley > > stkguru@netside.net > > chat with me at ICQ # 5568838 > > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > > ----- Original Message ----- > > From: Jack Wood > > To: > > Sent: Sunday, May 28, 2000 5:06 PM > > Subject: [CANSLIM] Meaning of Consolidating vs basing > > > > > > Maybe someone can help me understand the differences, if any, > > between > > consolidating and basing. > > > > The reason I ask is that in last Wednesday's IBD in the NASDAQ > > Stocks In the > > News column the author, Ed Carson, talks about Cytyc (CYTC) as > > having been > > "consolidating" for the past 10 weeks. > > > > Then Carson discusses Jaco Electronics (JACO) as forming a > > base-on-a-base. > > > > I have been thinking that consolidating and basing is simply > the > > same thing. > > Am I all wet? > > > > Jack Wood > > > > > > > > - > > > > > > > > - > > > > > - > > > > - > - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Re: holding too long Date: 29 May 2000 21:25:46 -0700 I was gone over the weekend so I couldn't reply yesterday, but thanks again for the many good posts about holding vs. selling [my] good fundamental stocks that have suffered from M direction. I'll keep you posted. I also heard Bob Brinker predict a [4-12 week] 20% rally [starting in the next two weeks] before resumption of the bear. Should that happen, I would view it as an opportunity to return to cash and study more. I've been impressed with Brinker's record of forecasting, and I find his radio broadcasts more interesting than some. Jim the-slow-learner - ------------------------------------------------------------------------------- From: Alexander T Subject: [CANSLIM] High, tight flag Date: 29 May 2000 23:20:47 -0400 (EDT) Hi, could someone please help me in definition of a high tight flag? I have before me O'Neil's definition as: "It begins by moving approximately 100% or 120% in a very short period of time (four to eight weeks) and then corrects sideways, usually in three, four, or five weeks, no more than 10% to 20%. " Then, would VRI qualify? It seems like it made a move of around 80% off the bottom, and it's consolidating sideways now for a couple of weeks. Thanks, Alex ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] High, tight flag Date: 29 May 2000 22:44:43 -0500 This is new to me, what is it supposed to do next? Alexander T wrote: > > Hi, > > could someone please help me in definition of a high tight flag? I have > before me O'Neil's definition as: > > "It begins by moving approximately 100% or 120% in a very short period of > time (four to eight weeks) and then corrects sideways, usually in three, > four, or five weeks, no more than 10% to 20%. " > > Then, would VRI qualify? It seems like it made a move of around 80% off the > bottom, and it's consolidating sideways now for a couple of weeks. > > Thanks, > > Alex > > ______________________________________________ > FREE Personalized Email at Mail.com > Sign up at http://www.mail.com/?sr=signup > > - - ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Re: holding too long Date: 29 May 2000 21:39:16 -0600 On 29 May 00, at 21:25, han.26@osu.edu wrote: > I also heard Bob Brinker predict a [4-12 week] 20% rally [starting in the next > two weeks] before resumption of the bear. Should that happen, I would view it > as an opportunity to return to cash and study more. I've been impressed with > Brinker's record of forecasting, and I find his radio broadcasts more > interesting than some. I finally learned not to pay very much attention to any forecasters. I don't think anyone who forecasts ends up with a very good record over the long term, although sometimes someone will get a few right in a row and then live off of that for a while. I think it is a pointless exercise, you really just need to watch the market for what it is doing now. - ------------------------------------------------------------------------------- From: "mikelu" Subject: RE: [CANSLIM] Re: holding too long Date: 30 May 2000 01:04:46 -0700 I believe his prediction was based on the huge up-volume last Wednesday. I'm not sure how he figures 4-12 weeks, but basically he's predicting we've seen an intermediate-term bottom, and to look for follow-through. I was surprised to hear him using TA. When he predicted a bad market for 2000 in January, it was because of money-supply tightening by the Fed. Mike -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl Sent: Monday, May 29, 2000 8:39 PM On 29 May 00, at 21:25, han.26@osu.edu wrote: > I also heard Bob Brinker predict a [4-12 week] 20% rally [starting in the next > two weeks] before resumption of the bear. Should that happen, I would view it > as an opportunity to return to cash and study more. I've been impressed with > Brinker's record of forecasting, and I find his radio broadcasts more > interesting than some. I finally learned not to pay very much attention to any forecasters. I don't think anyone who forecasts ends up with a very good record over the long term, although sometimes someone will get a few right in a row and then live off of that for a while. I think it is a pointless exercise, you really just need to watch the market for what it is doing now. - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] High, tight flag Date: 30 May 2000 06:41:32 -0400 VRI is not a HTF, IMO. First the rise is not sufficiently vertical; second, the basing has gone on too long; and third and most important, BP Amoco is buying out the 18% it didn't already own for $83 a share, thus all that is left in this one is the arbitrage play for $1.75 against tying up $81.25 in capital for an indefinite time. The value of a good HTF (think of a flagpole with a flag or pennant flying) is that it will often go again after consolidating for a week or two. The danger is that there is no nearby base, so if it fails it has a good way to fall before finding support. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Monday, May 29, 2000 11:20 PM Hi, could someone please help me in definition of a high tight flag? I have before me O'Neil's definition as: "It begins by moving approximately 100% or 120% in a very short period of time (four to eight weeks) and then corrects sideways, usually in three, four, or five weeks, no more than 10% to 20%. " Then, would VRI qualify? It seems like it made a move of around 80% off the bottom, and it's consolidating sideways now for a couple of weeks. Thanks, Alex ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - - ------------------------------------------------------------------------------- From: BIKEAR@aol.com Subject: Re: [CANSLIM] charts Date: 30 May 2000 08:46:42 EDT What charts do most people use? jan - ------------------------------------------------------------------------------- From: "John Lloyd" Subject: Re: [CANSLIM] charts Date: 30 May 2000 09:07:15 -0400 Check out http://www.bigeasyinvestor.com its free. John ----- Original Message ----- Sent: Tuesday, May 30, 2000 8:46 AM > What charts do most people use? jan > > - > > - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] what online broker] Date: 30 May 2000 11:29:52 -0500 Regarding preferences in brokers: What I like about Datek is that it has real time account updates. I have had problems with Fidelity and Etrade because my account positions had 1 to 3 days to settle. More than once I have double sold a position because I thought the previous order did not process, then find out they had not updated my account. With Datek, it is instantly updated. Kent - ------------------------------------------------------------------------------- From: Alexander T Subject: [CANSLIM] Boldfaced groups Date: 30 May 2000 13:02:38 -0400 (EDT) Tom, Thanks for clarifying the issue on flags for me. Does anyone still have a copy of last thursday's ibd ? If so, could you please post a list of boldfaced industry groups from Industry Group Ranks table? (I am looking for a list of 10 best performing groups on Wednesday's rally - first day of rally attempt) Thank you ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - ------------------------------------------------------------------------------- From: Dave Cameron Subject: Re: [CANSLIM] charts Date: 30 May 2000 11:41:18 -0700 (PDT) I use www.bigcharts.com > ----- Original Message ----- > From: > To: > Sent: Tuesday, May 30, 2000 8:46 AM > Subject: Re: [CANSLIM] charts > > > > What charts do most people use? jan > > > > - > > > > > > > - > __________________________________________________ Do You Yahoo!? Kick off your party with Yahoo! Invites. http://invites.yahoo.com/ - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] record day Date: 30 May 2000 15:17:10 -0500 Some of the news folks say the light volume is possibly due to the absence of day traders. They got wiped out in the drop. Kent - ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: Re: [CANSLIM] record day Date: 30 May 2000 15:14:33 -0500 (CDT) Day Traders AND Institutions both appeared to be absent today. Mine is not to reason why..... Robert Gammon On Tue, 30 May 2000 15:17:10 -0500, Kent Norman wrote: >Some of the news folks say the light volume is possibly due to the >absence of day traders. >They got wiped out in the drop. > >Kent > >- > > - ------------------------------------------------------------------------------- From: Eric Shen Subject: Re: [CANSLIM] record day Date: 30 May 2000 13:23:32 -0700 Kent Norman wrote: > > Some of the news folks say the light volume is possibly due to the > absence of day traders. > They got wiped out in the drop. > > Kent > > - Or it could be a bull trap. The bears are luring all the unsuspecting individual investors to get back into the market and ... WHAM. I've been burned before. I'll wait until a follow through day later this week on increaed volume. (as per IBD) Eric -- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - ------------------------------------------------------------------------------- From: "Tom Gumpel" Subject: [CANSLIM] leading sector Date: 30 May 2000 23:52:20 +0300 I'm using Central Station to track down members of different sectors. All I need is one to start me off, and then the site gives me the other members of the group. I'm looking for a member of this group: ELEC-Parts Distributors Any suggestions? Thanks Cheers, Tom - ------------------------------------------------------------------------------- From: Eric Shen Subject: Re: [CANSLIM] leading sector Date: 30 May 2000 14:09:55 -0700 Tom Gumpel wrote: > > I'm using Central Station to track down members of different sectors. All I > need is one to start me off, and then the site gives me the other members of > the group. > > I'm looking for a member of this group: > > ELEC-Parts Distributors > > Any suggestions? > > Thanks > > Cheers, > > Tom > > - How about Arrow Electronics (ARW)? Here's a list of other members... http://biz.yahoo.com/research/indgrp/elec_parts_dist.html Eric -- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] record day Date: 30 May 2000 14:13:50 -0700 Gut feelings here, but bull traps are not made by record advances on the major index in question (NASDAQ Comp). This has the partial taste of a real F/T day, barring volume, which appears to be a bit below ADV at 1.45 billion but way above Friday's. P.S. Something really cool but totally unrelated that I just saw is a movie from NASA of Eros (the asteroid) taken from a space probe. It's at http://near.jhuapl.edu/NEAR/iod/20000530/ and it will blow you away. On 01:23 PM 5/30/00, Eric Shen Said: >Kent Norman wrote: > > > > Some of the news folks say the light volume is possibly due to the > > absence of day traders. > > They got wiped out in the drop. > > > > Kent > > > > - > >Or it could be a bull trap. The bears are luring all the >unsuspecting individual investors to get back into the market >and ... WHAM. I've been burned before. I'll wait until >a follow through day later this week on increaed volume. >(as per IBD) > >Eric > >-- >-------------------------------------------------------------- >Eric Shen MS LOC3-8 / / / Level One Communications >email: eshen@level1.com | | |_/ an Intel company >Tel: (916) 855 5177 | |___/ 9750 Goethe Road > ext: 4497 |_____/ Sacramento, CA 95827 > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Dave Cameron Subject: Re: [CANSLIM] record day Date: 30 May 2000 15:16:19 -0700 (PDT) --- Tim Fisher wrote: > > P.S. Something really cool but totally unrelated that I > just saw is a movie > from NASA of Eros (the asteroid) taken from a space > probe. Sorry, Tim, if you can't buy the stock of the company making the movie - it isn't worth it ;-> __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] leading sector Date: 30 May 2000 20:14:05 -0600 Here are a few that I'm tracking: RELL NUHC AXE JACO ARW KNT At 11:52 PM 5/30/00 +0300, you wrote: >I'm using Central Station to track down members of different sectors. All I >need is one to start me off, and then the site gives me the other members of >the group. > >I'm looking for a member of this group: > >ELEC-Parts Distributors > > >Any suggestions? > > >Thanks > >Cheers, > >Tom > > >- > > > - ------------------------------------------------------------------------------- From: Earl Setser Subject: Re: [CANSLIM] Boldfaced groups Date: 30 May 2000 20:18:45 -0600 At 01:02 PM 5/30/00 -0400, you wrote: >Tom, Thanks for clarifying the issue on flags for me. > >Does anyone still have a copy of last thursday's ibd ? >If so, could you please post a list of boldfaced industry groups from >Industry Group Ranks table? (I am looking for a list of 10 best performing >groups on Wednesday's rally - first day of rally attempt) > >Thank you Okay, here are the bolded IGPs from Thursday's paper (but some of these are pretty ugly overall). They are in order from top-ranked to bottom over the last 180 days and I've noted the IGP rank as of Thursday for grins: Medical-HlthMaintOrg 5 Transportation-Airline 12 Insurance-Diversified 49 Computer Softwr-Security 71 Banks-Super Regional 111 Comml Svcs-Linen Supply 136 Beverages-Soft Drinks 151 Food-Canned 177 Finance-Mrtg&RelSvc 179 Computer Softwr-Educ/Entr 196 Total Groups - 197 > >______________________________________________ >FREE Personalized Email at Mail.com >Sign up at http://www.mail.com/?sr=signup > > >- > > > - ------------------------------------------------------------------------------- From: Kent Norman Subject: Re: [CANSLIM] record day Date: 30 May 2000 22:43:48 -0500 Robert, You got me to thinking... not to challenge you, but is it possible that little investors like us can actually flex this much muscle? I wonder what it would have been like if the institutions had joined in? Bloomberg TV shows the money flow charts for selected stocks that indicate large block trades at higher/lower than market price. It would be interesting to see a money flow chart per industry group or index. I realize the NASDAQ does not report the trades in a manner that lends itself to accurate tracking of money flow, but knowing who the opposing forces are could be interesting. If we knew that small investors were selling a particular stock and institutions were staying out of the fray, the price/volume action could be viewed in a different light than if they were full participants. I guess the next thing we would want to know is which guys were buying and which were selling. Just idle musing... Kent Robert Gammon wrote: > > Day Traders AND Institutions both appeared to be absent > today. Mine is not to reason why..... > > Robert Gammon > > On Tue, 30 May 2000 15:17:10 -0500, Kent Norman wrote: > > >Some of the news folks say the light volume is possibly due to > the > >absence of day traders. > >They got wiped out in the drop. > > > >Kent > > > >- > > > > > > - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] charts Date: 30 May 2000 23:36:14 -0400 DGO for CANSLIM data, BigCharts for TA Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 30, 2000 8:46 AM What charts do most people use? jan - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] leading sector Date: 31 May 2000 00:00:34 -0400 Top six per DGO are: symbol RS/EPS JACO 99/77 SEMI 97/69 NUHC 94/81 REPT 94/68 RELL 90/86 ARW 91/80 ranking is set on a weekly basis, so apparently ARW has improved its RS relative to at least RELL Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 30, 2000 5:09 PM Tom Gumpel wrote: > > I'm using Central Station to track down members of different sectors. All I > need is one to start me off, and then the site gives me the other members of > the group. > > I'm looking for a member of this group: > > ELEC-Parts Distributors > > Any suggestions? > > Thanks > > Cheers, > > Tom > > - How about Arrow Electronics (ARW)? Here's a list of other members... http://biz.yahoo.com/research/indgrp/elec_parts_dist.html Eric -- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] record day Date: 31 May 2000 00:07:40 -0400 I don't know about all day traders, but have been watching one that started with a two million dollar account. Was doing some impressive trades, anything from half a mil dollars to as much as 2.5 mil dollars per ticket. Only did momentum stocks like AOL, YHOO, ITWO, etc. Saw him trade in and out of over $20 worth of AOL in a single day. Moved his acct up to $3 mio. Now worth $700K, and down to trading options due limited capital. I don't give him more than another month or two unless he changes his ways. Lately his favorite has been ITWO, and virtually every trade he has done cost him 5- 10 thousand dollars in losses. And speaking of records, how about the CANSLIM email volume today?? Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 30, 2000 4:17 PM Some of the news folks say the light volume is possibly due to the absence of day traders. They got wiped out in the drop. Kent - - ------------------------------------------------------------------------------- From: "Joe J." Subject: [CANSLIM] RE: Which Broker and Which Chart Date: 30 May 2000 23:30:41 -0700 I haven't posted in a long time so I thought I'd answer a couple of the questions asked. The questions of which broker and which chart service do people here use was asked. I am still using Ameritrade and have done so for several years. I get fast fills and good fills (I have eSignal so I confirm the bid/ask). An email confirm comes shortly after the fill for an extra confirmation. They have gotten pretty good about telephone service lately also. Charting software - I use Advanced GET End of Day (about $2K to purchase) and Advanced GET Real Time (about $2K per year to lease). I'm running eSignal as a data feed for the RT and QP2 for the datafeed on the EOD. I don't trade Canslim but I do incorporate certain aspects of the methodology in my trading. Good Trading, Joe J. - ------------------------------------------------------------------------------- From: sjs7b Subject: RE: [CANSLIM] charts Date: 31 May 2000 04:21:24 -0400 neither gives "real time" data though... -----Original Message----- [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Tuesday, May 30, 2000 11:36 PM DGO for CANSLIM data, BigCharts for TA Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Tuesday, May 30, 2000 8:46 AM What charts do most people use? jan - - - ------------------------------------------------------------------------------- From: "John Lloyd" Subject: Re: [CANSLIM] charts Date: 31 May 2000 07:26:53 -0400 for realtime streaming quotes, news and charts I use mytrack.com, their software is good and the cheapest that I have found. You don't have to use there broker to use their software. ----- Original Message ----- Sent: Wednesday, May 31, 2000 4:21 AM > neither gives "real time" data though... > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Tuesday, May 30, 2000 11:36 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] charts > > > DGO for CANSLIM data, BigCharts for TA > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, May 30, 2000 8:46 AM > Subject: Re: [CANSLIM] charts > > > What charts do most people use? jan > > - > > > > - > > > > - > > - ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: Re: [CANSLIM] record day Date: 31 May 2000 07:29:43 -0500 (CDT) Yeah, but.... The masses are all out there buying and selling, but they rarely act in concert with each other. In theory, yes, in practice no. The LATE word was that institutions joined in in the last 10-15 minutes. The key was the low number of block trades until late in the day. Given the general trend towards open information, we may well see a marker placed on trades to help classify the trade at some point, although not anytime soon. Note: I know of no rumor of such a thing happening, it is just my projections of my perception of the trend. Robert Gammon On Tue, 30 May 2000 22:43:48 -0500, Kent Norman wrote: >Robert, You got me to thinking... not to challenge you, but is it >possible that little investors like us can actually flex this much >muscle? > >I wonder what it would have been like if the institutions had joined in? > >Bloomberg TV shows the money flow charts for selected stocks that >indicate large block trades at higher/lower than market price. It would >be interesting to see a money flow chart per industry group or index. I >realize the NASDAQ does not report the trades in a manner that lends >itself to accurate tracking of money flow, but knowing who the opposing >forces are could be interesting. > >If we knew that small investors were selling a particular stock and >institutions were staying out of the fray, the price/volume action could >be viewed in a different light than if they were full participants. > >I guess the next thing we would want to know is which guys were buying >and which were selling. > >Just idle musing... >Kent > >Robert Gammon wrote: >> >> Day Traders AND Institutions both appeared to be absent >> today. Mine is not to reason why..... >> >> Robert Gammon >> >> On Tue, 30 May 2000 15:17:10 -0500, Kent Norman wrote: >> >> >Some of the news folks say the light volume is possibly due to >> the >> >absence of day traders. >> >They got wiped out in the drop. >> > >> >Kent >> > >> >- >> > >> > >> >> - > >- > > - ------------------------------------------------------------------------------- From: BIKEAR@aol.com Subject: Re: [CANSLIM] charts Date: 31 May 2000 08:40:40 EDT are you saying that you use the Dailey graphs and the big charts....I tryed the dailey graphs,,,liked it but am trying the TC2000....I find that it is ok but I miss the Daily graphs,,,,I hate paying the 66.oo.....jan - ------------------------------------------------------------------------------- From: "walter nusbaum" Subject: Re: OFF TOPIC was: [CANSLIM] record day Date: 31 May 2000 10:46:41 -0500 ----- Original Message ----- Sent: Tuesday, May 30, 2000 11:07 PM > I don't know about all day traders, but have been watching one > that started with a two million dollar account. Was doing some > impressive trades, anything from half a mil dollars to as much as > 2.5 mil dollars per ticket. Only did momentum stocks like AOL, > YHOO, ITWO, etc. Saw him trade in and out of over $20 worth of > AOL in a single day. Moved his acct up to $3 mio. Now worth > $700K, and down to trading options due limited capital. I don't > give him more than another month or two unless he changes his > ways. Lately his favorite has been ITWO, and virtually every > trade he has done cost him 5- 10 thousand dollars in losses. > > And speaking of records, how about the CANSLIM email volume > today?? > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html Tom, Interesting that you'd mention a day trader, because I just received a series of articles comparing a day trader to the professional athlete. I pass it on because it has something for all market participants. www.Bull-Market.com/specialreports/intro.htm As an aside, the author used a golf analogy in which he used the word "Four". It is of course "Fore". The term was first used when the British Army began using artillery to support the infantry. Prior to firing, the gunners would chorus "Beware Forward", as a warning to their own troops in front of their guns. "Beware" was eventually dropped, and "Forward" was shortened to "Fore". How's that for "OFF TOPIC"? Enjoy your posts. Thanks. Best wishes, Walt - ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] record day Date: 31 May 2000 08:53:27 -0700 I perceived this (yeah hindsight is 20/20) when several of my holdings jumped off their already substantial gains the last 15 minutes yesterday. They had plateaued at @ +10% for most of the day then suddenly jumped up to +15-20% at 3:45 NYT. It is significant to me that they gave back those last minute gains already this AM. On 05:29 AM 5/31/00, Robert Gammon Said: >Yeah, but.... > >The masses are all out there buying and selling, but they rarely >act in concert with each other. In theory, yes, in practice no. > >The LATE word was that institutions joined in in the last 10-15 >minutes. The key was the low number of block trades until late >in the day. > >Given the general trend towards open information, we may well >see a marker placed on trades to help classify the trade at some >point, although not anytime soon. Note: I know of no rumor of >such a thing happening, it is just my projections of my perception >of the trend. > >Robert Gammon > >On Tue, 30 May 2000 22:43:48 -0500, Kent Norman wrote: > > >Robert, You got me to thinking... not to challenge you, but is it > >possible that little investors like us can actually flex this much > >muscle? > > > >I wonder what it would have been like if the institutions had joined in? > > > >Bloomberg TV shows the money flow charts for selected stocks that > >indicate large block trades at higher/lower than market price. It would > >be interesting to see a money flow chart per industry group or index. I > >realize the NASDAQ does not report the trades in a manner that lends > >itself to accurate tracking of money flow, but knowing who the opposing > >forces are could be interesting. > > > >If we knew that small investors were selling a particular stock and > >institutions were staying out of the fray, the price/volume action could > >be viewed in a different light than if they were full participants. > > > >I guess the next thing we would want to know is which guys were buying > >and which were selling. > > > >Just idle musing... > >Kent > > > >Robert Gammon wrote: > >> > >> Day Traders AND Institutions both appeared to be absent > >> today. Mine is not to reason why..... > >> > >> Robert Gammon > >> > >> On Tue, 30 May 2000 15:17:10 -0500, Kent Norman wrote: > >> > >> >Some of the news folks say the light volume is possibly due to > >> the > >> >absence of day traders. > >> >They got wiped out in the drop. > >> > > >> >Kent > >> > > >> >- > >> > > >> > > >> > >> - > > > >- > > > > > > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - ------------------------------------------------------------------------------- From: Kent Norman Subject: [CANSLIM] another factor for low volume Date: 31 May 2000 14:53:02 -0500 Bloomberg interview says two large hedge funds have gone away, and that is possibly part of the reason volume is lower. Kent - ------------------------------------------------------------------------------- From: Eric Shen Subject: Re: [CANSLIM] record day Date: 31 May 2000 13:26:53 -0700 Robert Gammon wrote: > > Yeah, but.... > > The masses are all out there buying and selling, but they rarely > act in concert with each other. In theory, yes, in practice no. > > The LATE word was that institutions joined in in the last 10-15 > minutes. The key was the low number of block trades until late > in the day. > > Given the general trend towards open information, we may well > see a marker placed on trades to help classify the trade at some > point, although not anytime soon. Note: I know of no rumor of > such a thing happening, it is just my projections of my perception > of the trend. > > Robert Gammon Have you seen the Thomson I-Watch site? It's a free site that tracks institutional transactions. I don't know the accuracy/reliability of the sight. http://www.thomsoninvest.net/iwatch/cgi-bin/iw_page Eric -- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - ------------------------------------------------------------------------------- From: Robert Subject: [CANSLIM] Acc/dis Numbers Date: 31 May 2000 17:40:32 -0400 Here are the latest Acc/Dis numbers: Date A B C D E a+b/A:E E/A:E 5/15/00 879 2506 1357 1280 528 52% 8% 5/16/00 879 2544 1340 1258 529 52% 8% 5/17/00 917 2564 1356 1234 511 53% 8% 5/18/00 945 2607 1319 1222 465 54% 7% 5/19/00 908 2606 1318 1243 467 54% 7% 5/22/00 895 2567 1348 1232 497 53% 8% 5/23/00 833 2548 1384 1259 508 52% 8% 5/24/00 815 2501 1371 1268 546 51% 8% 5/25/00 774 2451 1372 1310 565 50% 9% 5/26/00 779 2387 1359 1295 593 49% 9% 5/30/00 735 2377 1396 1303 596 49% 9% 5/31/00 747 2363 1386 1316 601 48% 9% Spreadsheet version: Date,A,B,C,D,E,a+b/A:E,E/A:E 5/15/00,879,2506,1357,1280,528,52%,8% 5/16/00,879,2544,1340,1258,529,52%,8% 5/17/00,917,2564,1356,1234,511,53%,8% 5/18/00,945,2607,1319,1222,465,54%,7% 5/19/00,908,2606,1318,1243,467,54%,7% 5/22/00,895,2567,1348,1232,497,53%,8% 5/23/00,833,2548,1384,1259,508,52%,8% 5/24/00,815,2501,1371,1268,546,51%,8% 5/25/00,774,2451,1372,1310,565,50%,9% 5/26/00,779,2387,1359,1295,593,49%,9% 5/30/00,735,2377,1396,1303,596,49%,9% 5/31/00,747,2363,1386,1316,601,48%,9% Robert __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - ------------------------------------------------------------------------------- From: han.26@osu.edu Subject: [CANSLIM] Re: M, Bob Brinker, WON, etc. Date: 31 May 2000 19:15:35 -0700 Yes following the M yourself is the best way, I agree, yet I see people in this list all following the exact same M and coming up with completely different interpretations. I might as well throw my 2 cents in while I'm at it. I interpret the volume as not convincing and do not consider this a valid follow through. I don't get a feeling of overwhelming buying at all. But I could be wrong just like Bob Brinker could be, and just as WON could be as he cautions even regarding CONVINCING follow throughs [sometimes failing]. BTW, I was eyeballing Richardson Electronics [RELL] a week ago as a future candidate should the M ever warrant it. (Of course I can't buy it because I'm already fully invested-- having never sold during this bear. I'm considering some form of modified CANSLIM screening/ buy-and-hold hybrid style of less hands-on investing so that I don't have to watch my portfolio daily. That might just be a convoluted rationalization saying "I refuse to sell DSPG and CSCO and I have to depart from CANSLIM to do that.") -Jim the-blah-blah-blah - ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: OFF TOPIC was: [CANSLIM] record day Date: 31 May 2000 23:09:42 -0400 Hi Walt, I think the analogy may be valid for the "successful" trader, defined as one who has been doing it for a number of years, and earning a decent living at it. On the other hand, the only qualification to be a trader is money, usually either inherited (the case with the example I cited) or earned in some other unrelated industry (usually). The professional athlete, however, has become a "professional" by proving his abilities in lower tiers of the same sport (high school, college, minor league, etc). By the time he goes professional, he is already experienced and has proven his or her abilities. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html ----- Original Message ----- Sent: Wednesday, May 31, 2000 11:46 AM ----- Original Message ----- Sent: Tuesday, May 30, 2000 11:07 PM > I don't know about all day traders, but have been watching one > that started with a two million dollar account. Was doing some > impressive trades, anything from half a mil dollars to as much as > 2.5 mil dollars per ticket. Only did momentum stocks like AOL, > YHOO, ITWO, etc. Saw him trade in and out of over $20 worth of > AOL in a single day. Moved his acct up to $3 mio. Now worth > $700K, and down to trading options due limited capital. I don't > give him more than another month or two unless he changes his > ways. Lately his favorite has been ITWO, and virtually every > trade he has done cost him 5- 10 thousand dollars in losses. > > And speaking of records, how about the CANSLIM email volume > today?? > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html Tom, Interesting that you'd mention a day trader, because I just received a series of articles comparing a day trader to the professional athlete. I pass it on because it has something for all market participants. www.Bull-Market.com/specialreports/intro.htm As an aside, the author used a golf analogy in which he used the word "Four". It is of course "Fore". The term was first used when the British Army began using artillery to support the infantry. Prior to firing, the gunners would chorus "Beware Forward", as a warning to their own troops in front of their guns. "Beware" was eventually dropped, and "Forward" was shortened to "Fore". How's that for "OFF TOPIC"? Enjoy your posts. Thanks. Best wishes, Walt - -